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

Representations and Warranties of the Pledgors. At the time of executing this Agreement, the Pledgors represent and warrant to the Pledgee the following and acknowledge that Party A’s execution and performance of this Agreement is in reliance on such representations and warranties: 5.1 the Pledgors lawfully own the Equity hereunder and have the right to pledge the Equity for the benefit of Party A as security; 5.2 no claim or intervention will be made by any other party against Party A at any time once Party A is entitled to exercise its rights or enforce the Pledge pursuant to this Agreement; 5.3 Party A has the right to enforce the Pledge in a way specified by the laws, regulations and this Agreement; 5.4 each of the Pledgors has obtained all corporate authorization or approvals necessary for its execution and performance of this Agreement, and such execution and performance does not violate the provisions of any applicable laws, regulations and articles of association; 5.5 the Equity held by the Pledgors is free from any other encumbrance or any third-party security interest of any form (including but not limited to pledge); 5.6 there is no pending or threatened civil, administrative or criminal litigation, administrative penalty or arbitration in connection with the Equity; 5.7 no tax, fee or expense in connection with the Equity is due but remains unpaid, or no required legal procedures or formalities remain uncompleted in respect of the Equity; and 5.8 the terms of this Agreement represent the true intention of the Pledgors and are legally binding upon them.

Representations and Warranties of the Pledgors. At the time Each of executing this Agreement, the Pledgors represent hereby makes the following representations and warrant warranties to the Pledgee and confirms that the following and acknowledge that Party A’s execution and performance of Pledgee executes this Agreement is in reliance on such representations and warranties: 5.1 4.1 Each of the Pledgors lawfully own is the legal owner of the Equity hereunder Interest that has been registered in his/her name, and have is entitled to create a pledge on such Equity Interest. 4.2 None of the right to pledge Pledged Collateral or the Equity for the benefit of Party A as security; 5.2 no claim or intervention Pledge will be made interfered with by any other party against Party A parties at any time once Party A is entitled to exercise its the Pledgee exercises the rights or enforce the Pledge pursuant to this Agreement; 5.3 Party A has the right to enforce of the Pledge in a way specified by accordance with this Agreement. 4.3 The Pledgee shall be entitled to dispose or assign the laws, regulations Pledge in accordance with the relevant laws and this Agreement;. 5.4 each of 4.4 All necessary authorizations have been obtained for the Pledgors has obtained all corporate authorization or approvals necessary for its execution and performance of this Agreement, Agreement by each of the Pledgors and such the execution and performance of this Agreement by each of the Pledgors does not violate the provisions of any applicable laws, regulations and articles laws or regulations. The representative of association; 5.5 the Equity held by each of the Pledgors who signs this Agreement is free from any other encumbrance or any third-party security interest lawfully and effectively authorized. 4.5 Each of any form (including but not limited to pledge); 5.6 the Pledgors warrants that there is no pending or threatened on-going civil, administrative or criminal litigation, litigation or administrative penalty punishment or arbitration in connection with the Equity; 5.7 no tax, fee or expense in connection with related to the Equity Interest and is due but remains unpaidnot 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 no required undecided legal procedures or formalities remain uncompleted in respect related to the Equity Interest as of the Equity; and 5.8 the terms date of this Agreement represent Agreement. 4.7 Each stipulation hereunder is the expression of each Party’s true intention of the Pledgors and are legally shall be binding upon themall the Parties.