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

Representations and Warranties of the Pledgors. In signing the Agreement, the Pledgors represent and warrant to the Pledgee as follows, and acknowledge that the Pledgee is executing and performing the Agreement in reliance on such representations and warranties: 5.1 The Pledgors legally hold the equity under the Agreement and have the right to pledge such equity to the Pledgee as a guarantee. 5.2 The execution and performance of the Agreement by each Pledgor will not violate and will not be inconsistent with any and all applicable laws in force, any judgment made by any court, any award by any arbitration body, any decision of any administrative body, any agreement to which it is a party or by which it is bound with respect to its assets. 5.3 The Pledgors have obtained all necessary corporate authorizations to execute the Agreement and to perform its obligations hereunder and they have not violated any applicable laws or regulations. The authorized representatives to sign the Agreement have been legally and validly authorized to do so. 5.4 Except for the pledge hereunder or otherwise agreed in each agreement, the equity held by the Pledgors is not subject to any other encumbrances or third-party security interests of any kind (including but not limited to pledge). 5.5 There are no civil, administrative or criminal proceedings, administrative penalties or arbitrations in progress related to the equity. 5.6 There are no outstanding taxes, charges, or legal proceedings or procedures related to the equity that should have been completed. 5.7 The terms of the Agreement are the true intention of the Pledgors and are legally binding on them. The execution of this Agreement shall constitute a legally valid and binding obligation enforceable to each Pledgor in accordance with the Agreement.

Representations and Warranties of the Pledgors. In signing the Agreement, the Pledgors represent and warrant to the Pledgee as follows, and acknowledge that the Pledgee is executing and performing the Agreement in reliance on such representations and warranties: 5.1 The Pledgors legally hold the equity under the are a Chinese citizen/legal person with full capacity of disposition, and have lawful rights and capabilities to execute this Agreement and undertake the legal obligations in accordance with this Agreement. This Agreement, once duly executed by the Pledgors, constitutes lawful, valid, and binding obligations of the Pledgors. 5.2 The Pledgors are the only legal and beneficiary owners of the shares free from any dispute with respect to the ownership of the Pledged Shares. The Pledgors have the right to pledge such equity to dispose of the Pledgee as a guaranteePledged Shares or any part thereof. 5.2 5.3 Except for the Right of Pledge, the Pledgors have not placed any other security interests or other encumbrances on the shares. 5.4 The consent, approval, waiver, or authorization of any third party, or the approval, permit, or exempt of any government authority, or the registration or filing formalities with any government authority (if required by law) for the execution and performance of the Agreement by each Pledgor will not violate and will not be inconsistent with any and all applicable laws in force, any judgment made by any court, any award by any arbitration body, any decision of any administrative body, any agreement to which it is a party or by which it is bound with respect to its assets. 5.3 The Pledgors have obtained all necessary corporate authorizations to execute the this Agreement and to perform its obligations hereunder and they have not violated any applicable laws or regulations. The authorized representatives to sign the pledge of the shares under this Agreement have been legally and validly authorized to do so. 5.4 Except obtained or completed (except for the pledge hereunder or otherwise agreed in each agreementregistration with the registration authority), and will be fully valid during the equity held by the Pledgors is not subject to any other encumbrances or third-party security interests term of any kind (including but not limited to pledge)this Agreement. 5.5 There are no civil, administrative or criminal proceedings, administrative penalties or arbitrations in progress related The Pledgors hereby undertake to the equityPledgee that, the representations and warranties above will all be true and accurate and be fully complied with under any circumstance and at any time before the Contractual Obligations are performed in full or the Secured Liabilities are discharged in full. 5.6 There are no outstanding taxes, charges, or legal proceedings or procedures related to the equity that should have been completed. 5.7 The terms of the Agreement are the true intention of the Pledgors and are legally binding on them. The execution of this Agreement shall constitute a legally valid and binding obligation enforceable to each Pledgor in accordance with the Agreement.

Representations and Warranties of the Pledgors. In signing the Agreement, the Pledgors represent and warrant to the Pledgee as follows, and acknowledge that the Pledgee is executing and performing the Agreement in reliance on such representations and warranties: 5.1 The Pledgors legally hold the equity under the are a Chinese citizen/legal person with full capacity of disposition, and have lawful rights and capabilities to execute this Agreement and undertake the legal obligations in accordance with this Agreement. This Agreement, once duly executed by the Pledgors, constitutes lawful, valid, and binding obligations of the Pledgors. 5.2 The Pledgors are the only legal and beneficiary owners of the shares free from any dispute with respect to the ownership of the Pledged Equities. The Pledgors have the right to pledge such equity to dispose of the Pledgee as a guaranteePledged Equities or any part thereof. 5.2 5.3 Except for the Right of Pledge, the Pledgors have not placed any other security interests or other encumbrances on the equities. 5.4 The consent, approval, waiver, or authorization of any third party, or the approval, permit, or exempt of any government authority, or the registration or filing formalities with any government authority (if required by law) for the execution and performance of the Agreement by each Pledgor will not violate and will not be inconsistent with any and all applicable laws in force, any judgment made by any court, any award by any arbitration body, any decision of any administrative body, any agreement to which it is a party or by which it is bound with respect to its assets. 5.3 The Pledgors have obtained all necessary corporate authorizations to execute the this Agreement and to perform its obligations hereunder and they have not violated any applicable laws or regulations. The authorized representatives to sign the pledge of the equities under this Agreement have been legally and validly authorized to do so. 5.4 Except obtained or completed (except for the pledge hereunder or otherwise agreed in each agreementregistration with the registration authority), and will be fully valid during the equity held by the Pledgors is not subject to any other encumbrances or third-party security interests term of any kind (including but not limited to pledge)this Agreement. 5.5 There are no civil, administrative or criminal proceedings, administrative penalties or arbitrations in progress related The Pledgors hereby undertake to the equityPledgee that, the representations and warranties above will all be true and accurate and be fully complied with under any circumstance and at any time before the Contractual Obligations are performed in full or the Secured Liabilities are discharged in full. 5.6 There are no outstanding taxes, charges, or legal proceedings or procedures related to the equity that should have been completed. 5.7 The terms of the Agreement are the true intention of the Pledgors and are legally binding on them. The execution of this Agreement shall constitute a legally valid and binding obligation enforceable to each Pledgor in accordance with the Agreement.

Representations and Warranties of the Pledgors. In signing the Agreement, the Pledgors represent and warrant to the Pledgee as follows, and acknowledge that the Pledgee is executing and performing the Agreement in reliance on such representations and warranties: 5.1 The Pledgors legally hold the equity under the are a Chinese citizen/legal person with full capacity of disposition, and have lawful rights and capabilities to execute this Agreement and undertake the legal obligations in accordance with this Agreement. This Agreement, once duly executed by the Pledgors, constitutes lawful, valid, and binding obligations of the Pledgors. 5.2 The Pledgors are the only legal and beneficiary owners of the equities free from any dispute with respect to the ownership of the Pledged Equities. The Pledgors have the right to pledge such equity to dispose of the Pledgee as a guaranteePledged Equities or any part thereof. 5.2 5.3 Except for the Right of Pledge, the Pledgors have not placed any other security interests or other encumbrances on the equities. 5.4 The consent, approval, waiver, or authorization of any third party, or the approval, permit, or exempt of any government authority, or the registration or filing formalities with any government authority (if required by law) for the execution and performance of the Agreement by each Pledgor will not violate and will not be inconsistent with any and all applicable laws in force, any judgment made by any court, any award by any arbitration body, any decision of any administrative body, any agreement to which it is a party or by which it is bound with respect to its assets. 5.3 The Pledgors have obtained all necessary corporate authorizations to execute the this Agreement and to perform its obligations hereunder and they have not violated any applicable laws or regulations. The authorized representatives to sign the pledge of the equities under this Agreement have been legally and validly authorized to do so. 5.4 Except obtained or completed (except for the pledge hereunder or otherwise agreed in each agreementregistration with the registration authority), and will be fully valid during the equity held by the Pledgors is not subject to any other encumbrances or third-party security interests term of any kind (including but not limited to pledge)this Agreement. 5.5 There are no civil, administrative or criminal proceedings, administrative penalties or arbitrations in progress related The Pledgors hereby undertake to the equityPledgee that, the representations and warranties above will all be true and accurate and be fully complied with under any circumstance and at any time before the Contractual Obligations are performed in full or the Secured Liabilities are discharged in full. 5.6 There are no outstanding taxes, charges, or legal proceedings or procedures related to the equity that should have been completed. 5.7 The terms of the Agreement are the true intention of the Pledgors and are legally binding on them. The execution of this Agreement shall constitute a legally valid and binding obligation enforceable to each Pledgor in accordance with the Agreement.

Representations and Warranties of the Pledgors. In signing the Agreement, the Pledgors represent and warrant to the Pledgee as follows, and acknowledge that the Pledgee is executing and performing the Agreement in reliance on such representations and warranties: 5.1 The Pledgors legally hold the equity under the are a Chinese citizen/legal person with full capacity of disposition, and have lawful rights and capabilities to execute this Agreement and undertake the legal obligations in accordance with this Agreement. This Agreement, once duly executed by the Pledgors, constitutes lawful, valid, and binding obligations of the Pledgors. ​ 5.2 The Pledgors are the only legal and beneficiary owners of the equities free from any dispute with respect to the ownership of the Pledged Equities. The Pledgors have the right to pledge such equity to dispose of the Pledgee as a guaranteePledged Equities or any part thereof. 5.2 5.3 Except for the Right of Pledge, the Pledgors have not placed any other security interests or other encumbrances on the equities. 5.4 The consent, approval, waiver, or authorization of any third party, or the approval, permit, or exempt of any government authority, or the registration or filing formalities with any government authority (if required by law) for the execution and performance of the Agreement by each Pledgor will not violate and will not be inconsistent with any and all applicable laws in force, any judgment made by any court, any award by any arbitration body, any decision of any administrative body, any agreement to which it is a party or by which it is bound with respect to its assets. 5.3 The Pledgors have obtained all necessary corporate authorizations to execute the this Agreement and to perform its obligations hereunder and they have not violated any applicable laws or regulations. The authorized representatives to sign the pledge of the equities under this Agreement have been legally and validly authorized to do so. 5.4 Except obtained or completed (except for the pledge hereunder or otherwise agreed in each agreementregistration with the registration authority), and will be fully valid during the equity held by the Pledgors is not subject to any other encumbrances or third-party security interests term of any kind (including but not limited to pledge)this Agreement. 5.5 There are no civil, administrative or criminal proceedings, administrative penalties or arbitrations in progress related The Pledgors hereby undertake to the equityPledgee that, the representations and warranties above will all be true and accurate and be fully complied with under any circumstance and at any time before the Contractual Obligations are performed in full or the Secured Liabilities are discharged in full. 5.6 There are no outstanding taxes, charges, or legal proceedings or procedures related to the equity that should have been completed. 5.7 The terms of the Agreement are the true intention of the Pledgors and are legally binding on them. The execution of this Agreement shall constitute a legally valid and binding obligation enforceable to each Pledgor in accordance with the Agreement.