Common use of Representations and Warranties of the Pledgor Clause in Contracts

Representations and Warranties of the Pledgor. Each of the Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her his name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her his name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative execution of each of this Agreement by the Pledgor who signs this Agreement represents that he/she is lawfully and effectively authorizedentitled to acquire the legal authorization. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her his name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s 's true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her his name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the Pledgor Pledgors hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the Pledgor Pledgors is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of Neither the Pledged Collateral or nor the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the its rights of under the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign its rights in the Pledge in accordance with this Agreement and the relevant laws and this Agreementlaws. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor Pledgors and the execution and performance of this Agreement by each of the Pledgor Pledgors does not violate any applicable laws or regulationsregulations or any agreements to which such Pledgor is a party. The representative representatives who execute this Agreement on behalf of each of the Pledgor who signs this Agreement is lawfully and effectively authorizedPledgors have been legally authorized to do so. 4.5 Each of the Pledgor Pledgors warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, taxes or fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all each of the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her his name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor Pledgor’s representative, who signs will execute this Agreement is lawfully and effectively Agreement, has been duly authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the both Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s 's true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her his name, and is entitled to create a pledge on such Equity Interest. 4.2 None of Neither the Pledged Collateral or nor the Pledge will be interfered with by any other pledgee at any time once when the Pledgee exercises the rights of under the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign his rights in and to the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor Pledgor’s representative, who signs will execute this Agreement is lawfully and effectively Agreement, has been duly authorized. 4.5 Each of the The Pledgor warrants that there is no on-going pending civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending that will or likely to be pending may exist in the future as of after the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided pending legal procedures proceedings related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the both Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose of or assign its right to the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the both Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor Pledgor’s representative, who signs will execute this Agreement is lawfully and effectively Agreement, has been duly authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of Neither the Pledged Collateral or nor the Pledge will be interfered with by any other pledgee at any time once when the Pledgee exercises the rights of under the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign her rights in and to the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor Pledgor’s representative, who signs will execute this Agreement is lawfully and effectively Agreement, has been duly authorized. 4.5 Each of the The Pledgor warrants that there is no on-going pending civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending that will or likely to be pending may exist in the future as of after the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided pending legal procedures proceedings related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the both Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her his name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose of or assign its rights to the Pledge in accordance with the this Agreement and relevant laws and this Agreementlaws. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided pending legal procedures proceedings related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the both Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose of or assign its rights to the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the both Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her its name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the Pledgor ThePledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her his name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her its name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose of or assign its rights of the Pledge in accordance with the this Agreement and relevant laws and this Agreementlaws. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided pending legal procedures proceedings related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the both Parties.

Representations and Warranties of the Pledgor. Each of the Pledgor ThePledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of the The Pledgor hereby makes the following representations and warranties to the Pledgee and confirms that the Pledgee executes this Agreement in reliance on such representations and warranties: 4.1 Each of the The Pledgor is the legal owner of the Equity Interest that has been registered in his/her name, and is entitled to create a pledge on such Equity Interest. 4.2 None of the Pledged Collateral or the Pledge will be interfered with by any other pledgee at any time once the Pledgee exercises the rights of the Pledge in accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the Pledge in accordance with the relevant laws and this Agreement. 4.4 All necessary authorizations have been obtained for the execution and performance of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the The Pledgor warrants that there is no on-going civil, administrative or criminal litigation or administrative punishment or arbitration related to the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this Agreement. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s 's true intention and shall be binding upon all the Parties.

Representations and Warranties of the Pledgor. Each of When signing this Agreement, the Pledgor hereby makes the following representations and warranties to the Pledgee and confirms acknowledges that the Pledgee executes signs and performs this Agreement in on reliance on of such representations and warranties:. 4.1 Each of the 6.1 The Pledgor is the legal owner of the relevant Equity Interest that has been registered in his/her name, under this Agreement and is entitled to create a pledge on such Equity InterestInterest with the Pledgee as security. 4.2 None 6.2 Execution of this Agreement and performance of their obligations hereunder by the Pledged Collateral Pledgor and the Operation Company have obtained all necessary powers and authorizations and will not contravene any applicable law or regulation or any agreement binding on them; and their authorized signatories under this Agreement have been duly and lawfully authorized. 6.3 All documents, information, accounts and credentials provided by the Pledge will be interfered with Pledgor to the Pledgee are accurate, true, complete and valid. 6.4 Exercise by any other pledgee the Pledgee at any time once the Pledgee exercises of the rights of the Pledge a pledgee in accordance with this AgreementAgreement shall be free and clear from any intervention by any third party. 4.3 6.5 The Pledgee shall be is entitled to dispose or assign exercise the Pledge Right in accordance with the relevant laws such manner as provided by law and this Agreement. 4.4 All necessary authorizations have been obtained for 6.6 On the execution and performance date of this Agreement by each of the Pledgor and the execution and performance of this Agreement by each of the Pledgor does not violate any applicable laws Agreement, there are no ongoing or regulations. The representative of each of the Pledgor who signs this Agreement is lawfully and effectively authorized. 4.5 Each of the Pledgor warrants that there is no on-going threatened civil, administrative or criminal litigation proceedings, or administrative punishment or arbitration related to involving the Pledgor or the Equity Interest and is not aware of any such action pending or likely to be pending in the future as of the date of this AgreementInterest. 4.6 There are no outstanding taxes, fees or undecided legal procedures related to the Equity Interest as of the date of this Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention and shall be binding upon all the Parties.