Share Charge. XXXXX Xxxxx and BVI 1 shall have entered into a share charge with Sun Vantage in a form and substance satisfactory to Sun Vantage whereby BVI 1 shall charge to Sun Vantage 1,462,053 Ordinary Shares of the Company (the “Charged Shares”), representing 1% of the total share capital of the Company immediately prior to the Closing (on a fully diluted basis), as an security for the performance of the relevant Seller Party’s obligations under this Agreement in connection with Shanghai Xunmeng restructuring.
Appears in 4 contracts
Samples: Shares Purchase Agreement, Preferred Shares Purchase Agreement (Pinduoduo Inc.), Preferred Shares Purchase Agreement (Walnut Street Group Holding LTD)
