Common use of Term of Pledge Clause in Contracts

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days three (3) months following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days three (3) months following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 10 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days 3 months following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the Pledge, the parties Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. Pledgor and Party C The Parties shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 3.1. The Pledge shall become effective on such date when the pledge of the Pledged Equity Interest contemplated herein is has been registered with the relevant administration for industry and commerce (the “AIC”)commerce. The Pledge shall remain effective be continuously valid until all Contract full performance of the Contractual Obligations have been fully performed and all full satisfaction of the Secured Indebtedness have been fully paidIndebtedness. Pledgor The Pledgors and Party C shall shall, (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC relevant administration for industry and commerce for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the PledgePledged Equity Interest, the parties hereto Parties and all other shareholders of Party C shall submit to the AIC administration of industry and commerce this Agreement or an equity interest pledge contract agreement in the form required by the AIC at the location administration of industry and commerce of where Party C locates, which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge ContractAgreement”). For matters not specified in the AIC Pledge ContractAgreement, the parties shall be bound by the provisions of this Agreement. Pledgor The Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICadministration of industry and commerce, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations and Secured Indebtedness have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce market regulation (the “AICAMR”). The Pledge , and thereafter shall remain effective be continuously valid until all Contract Obligations have been fully performed fulfilled and all Secured Indebtedness have been fully paidrepaid up. Pledgor Pledgors and Party C shall (1) register the Pledge hereof in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for fulfill the registration of the Pledge of the Equity Interest contemplated herein within 15 business days hereof at AMR as soon as possible following the execution of this Agreement. The parties covenant Parties jointly confirm that for the purpose of registration of registering the PledgePledge with the AMR, the parties hereto Parties and all other shareholders of Party C shall shall, submit to the AIC a copy of this Agreement or an equity interest pledge contract agreement executed in the form required by the AIC at the location of local AMR where Party C resides which shall truly reflect the information of the Pledge hereunder (the “AIC AMR Equity Pledge ContractAgreement”)) to the AMR. For matters not specified in the AIC Where there is any inconsistency between AMR Equity Pledge ContractAgreement and this Agreement and Transaction Documents, the parties this Agreement and Transaction Documents shall be bound by the provisions of this Agreementprevail. Pledgor Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by pursuant to the PRC laws and regulations and the requirements of relevant AICAMR, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 3.1. The Pledge shall become effective on such date when the pledge of the Pledged Equity Interest contemplated herein is has been registered with the relevant administration for industry and commerce (the “AIC”)commerce. The Pledge shall remain effective be continuously valid until all Contract full performance of the Contractual Obligations have been fully performed and all full satisfaction of the Secured Indebtedness have been fully paidIndebtedness. Pledgor The Pledgors and Party C shall shall, (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC relevant administration for industry and commerce for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the PledgePledged Equity Interest, the parties hereto Parties and all other shareholders of Party C shall submit to the AIC administration of industry and commerce this Agreement or an equity interest pledge contract agreement in the form required by the AIC administration of industry and commerce at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge ContractAgreement”). For matters not specified in the AIC Pledge ContractAgreement, the parties shall be bound by the provisions of this Agreement. Pledgor The Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICadministration of industry and commerce, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations and Secured Indebtedness have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) deregister the pledge under the Old Agreement, and register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for deregistration of the pledge under the Old Agreement and the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations and Secured Indebtedness have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ ' register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 3.1. The Pledge shall become effective on such date when the pledge of the Pledged Equity Interest contemplated herein is has been registered with the relevant administration for industry and commerce (the “AIC”)commerce. The Pledge shall remain effective be continuously valid until all Contract full performance of the Contractual Obligations have been fully performed and all full satisfaction of the Secured Indebtedness have been fully paidIndebtedness. The Pledgor and Party C shall shall, (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC relevant administration for industry and commerce for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the PledgePledged Equity Interest, the parties hereto Parties and all other shareholders of Party C shall submit to the AIC administration for industry and commerce this Agreement or an equity interest pledge contract agreement in the form required by the AIC at the location administration for industry and commerce of where Party C locates, which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge ContractAgreement”). For matters not specified in the AIC Pledge ContractAgreement, the parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICadministration for industry and commerce, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paidthe expiring date or early termination date under the Option Agreement. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Transaction Documents have been fully performed and all Secured Indebtedness have been fully paid. fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business three (3) working days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business ten (10) working days following the execution of this Agreement. The parties covenant that for the purpose of registration of the PledgePledge (including re-registration of the Pledge when the percentage of equity interest the Pledgor holds in Party C changes), the parties hereto and all other shareholders of Party C shall submit to the AIC the Equity Interest Pledge Contract as set forth in the Attachment 7 of this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in In case that there is any discrepancy between the AIC Pledge ContractContract and this Agreement, the parties shall be bound by the provisions of this AgreementAgreement shall prevail. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. Pledgor fulfilled by Party C. Pledgors and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 10 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days 3 months following the execution of this AgreementAgreement or such other time as agreed by the Parties. The parties Parties covenant that for the purpose of registration of the Pledge, the parties Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. Pledgor and Party C The Parties shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C the Company shall (1) register the Pledge in the shareholders’ register of Party C the Company within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the Pledge, the parties hereto and (and/or all other possible shareholders of Party C the Company from time to time in future) shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C the Company which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. Pledgor and Party C the Company shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement, the Framework Agreement, the Loan Agreement and the Exclusive Option Agreement have been fully performed and all Secured Indebtedness have been fully paid. Pledgor fulfilled by Party D. Pledgors and Party C D shall (1) register the Pledge in the shareholders’ register of Party C D within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the PledgePledge (including re-registration of the Pledge when the percentage of equity interest the Pledgors hold in Party D), the parties Parties hereto and all other shareholders of Party C shall submit to the AIC the Equity Interest Pledge Contract as set forth in the Attachment 4 of this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C D which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor Pledgors and Party C D shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered ‘with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. The Pledge shall be continuously valid until all payments due under the Business Cooperation Agreement have been fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For ) .For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have has been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following on the execution of this Agreementdate hereof. The parties covenant that for the purpose of registration of the Pledge, the parties Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the conflicts between this Agreement and the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce market regulation (the “AICAMR”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC AMR for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC AMR this Agreement or an equity interest pledge contract in the form required by the AIC AMR at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC AMR Pledge Contract”). For matters not specified in the AIC AMR Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICAMR, to ensure that the Pledge of the Equity Interest shall be registered with the AIC AMR as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. The Pledge shall be continuously valid until all payments due under the Business Cooperation Agreement have been fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For ) .For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ ' register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days three (3) months following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ ' register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 60 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the PledgePledge (including re-registration of the Pledge when the percentage of equity interest the Pledgor holds in Party C), the parties hereto and all other shareholders of Party C shall submit to the AIC the Equity Interest Pledge Contract as set forth in the Attachment 4 of this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry the corresponding industrial and commerce (the “AIC”)commercial administration. The Pledge shall remain effective until all Contract Contractual Obligations have been fully performed and all Secured Indebtedness have has been fully paid. Pledgor The Pledgors and Party C shall (1) register the Pledge of this Agreement in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC corresponding industrial and commercial administration for the registration of the Pledge of the Equity Interest contemplated herein under this Agreement within 15 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the Pledge, the parties Parties hereto and all other shareholders of Party C shall submit to the AIC industrial and commercial administration this Agreement or an a signed equity interest pledge contract in the form required by the AIC industrial and commercial administration at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Industrial And Commercial Administration Pledge Contract”). For matters not specified in the AIC Industrial And Commercial Administration Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. Pledgor The Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICindustrial and commercial administration, to ensure that the Pledge registration of the Equity Interest shall Pledge would be registered with the AIC accepted as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have has been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. term as agreed upon by Party A. The parties covenant that for the purpose of registration of the Pledge, the parties Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have has been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce market regulation (the “AICAMR”). The Pledge , and thereafter shall remain effective be continuously valid until all Contract Obligations have been fully performed fulfilled and all Secured Indebtedness have been fully paidrepaid up. The Pledgor and Party C shall (1) register the Pledge hereof in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an the application to the AIC for the registration of the Pledge of hereof at the Equity Interest contemplated herein AMR within 15 30 business days following the execution of this Agreement. The parties covenant Parties jointly confirm that for the purpose of registration of registering the PledgePledge with the AMR, the parties hereto Parties and all other shareholders of Party C shall shall, submit to the AIC a copy of this Agreement or an equity interest pledge contract agreement executed in the form required by the AIC at the location of local AMR where Party C resides which shall truly reflect the information of the Pledge hereunder (the “AIC AMR Equity Pledge ContractAgreement”)) to the AMR. For matters not specified in the AIC Where there is any inconsistency between AMR Equity Pledge ContractAgreement and this Agreement and Transaction Documents, the parties this Agreement and Transaction Documents shall be bound by the provisions of this Agreementprevail. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by pursuant to the PRC laws and regulations and the requirements of relevant AICAMR, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 3.1. The Pledge shall become effective on such date when the pledge of the Pledged Equity Interest contemplated herein is has been registered with the relevant administration for industry and commerce (the “AIC”)commerce. The Pledge shall remain effective be continuously valid until all Contract (i) full performance of the Contractual Obligations have been fully performed and all full satisfaction of the Secured Indebtedness have been fully paidIndebtedness, or (ii) the date when Warner has received the equity interests of WT2 held by TME HK pursuant to Section 25.9 of the Joint Venture Agreement. The Pledgor and Party C shall OpCo shall, (1) register the Pledge in the shareholders’ register of Party C OpCo within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC relevant administration for industry and commerce for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the PledgePledged Equity Interest, the parties hereto Parties and all other shareholders of Party C OpCo shall submit to the AIC administration of industry and commerce this Agreement or an equity interest pledge contract agreement in the form required by the AIC at the location administration of Party C industry and commerce of where OpCo locates, which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge ContractAgreement”). For matters not specified in the AIC Pledge ContractAgreement, the parties shall be bound by the provisions of this Agreement. The Pledgor and Party C OpCo shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICadministration of industry and commerce, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor Pledgors and Party C shall (1) register the Pledge in the shareholders’ shareholders register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce market regulation (the “AICAMR”). The Pledge , and thereafter shall remain effective be continuously valid until all Contract Obligations have been fully performed fulfilled and all Secured Indebtedness have been fully paidrepaid up. Pledgor Pledgors and Party C shall (1) register the Pledge hereof in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for fulfill the registration of the Pledge hereof at AMR as soon as possible following the execution of the Equity Interest contemplated herein within 15 business days this Agreement but shall be no later than one year following the execution of this Agreement. The parties covenant Parties jointly confirm that for the purpose of registration of registering the PledgePledge with the AMR, the parties hereto Parties and all other shareholders of Party C shall shall, submit to the AIC a copy of this Agreement or an equity interest pledge contract agreement executed in the form required by the AIC at the location of local AMR where Party C resides which shall truly reflect the information of the Pledge hereunder (the “AIC AMR Equity Pledge ContractAgreement”)) to the AMR. For matters not specified in the AIC Where there is any inconsistency between AMR Equity Pledge ContractAgreement and this Agreement and Transaction Documents, the parties this Agreement and Transaction Documents shall be bound by the provisions of this Agreementprevail. Pledgor Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by pursuant to the PRC laws and regulations and the requirements of relevant AICAMR, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 3.1. The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein this Agreement is registered with relevant administration for industry executed and commerce (the “AIC”)takes effect. The Pledge shall remain effective be continuously valid until all Contract full performance of the Contractual Obligations have been fully performed and all full satisfaction of the Secured Indebtedness have been fully paidIndebtedness. The Pledgor and Party C shall shall, (1) register the Pledge in the shareholderspartners’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC relevant pledge registration administration for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreementreasonable period requested by the Pledgee. The parties Parties covenant that for the purpose of registration of the PledgePledged Partnership Interest, the parties hereto Parties and all other shareholders partners of Party C shall submit to the AIC pledge registration administration this Agreement or an equity a partnership interest pledge contract agreement in the form required by the AIC pledge registration administration at the location of place where Party C locates, which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge ContractAgreement for Registration”). For matters not specified in the AIC Pledge ContractAgreement for Registration, the parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICpledge registration administration, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations and Secured Indebtedness have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.. 秘密文件 Strictly Confidential

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement, the Framework Agreement and the Exclusive Option Agreement have been fully performed and all Secured Indebtedness have been fully paid. Pledgor fulfilled by Party F. Pledgors and Party C F shall (1) register the Pledge in the shareholders’ register of Party C F within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the PledgePledge (including re-registration of the Pledge when the percentage of equity interest the Pledgors hold in Party F), the parties Parties hereto and all other shareholders of Party C shall submit to the AIC the Equity Interest Pledge Contract as set forth in the Attachment 4 of this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C F which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor Pledgors and Party C F shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on on. such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ shareholders register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”” ). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce market regulation (the “AICAMR”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC AMR for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this AgreementAgreement or within the period otherwise agreed by the Pledgee. The parties covenant that for the purpose of registration of the above mentioned Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC AMR this Agreement or an equity interest pledge contract in the form required by the AIC AMR at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC AMR Pledge Contract”). For matters not specified in the AIC AMR Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICAMR, to ensure that the Pledge of the Equity Interest shall be registered with the AIC AMR as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations and Secured Indebtedness have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) deregister the pledge under the Old Agreement, and register the Pledge in the shareholders’ ' register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for deregistration of the pledge under the Old Agreement and the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.. 秘密文件 Strictly Confidential

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge ContractContract or any discrepancies with this Agreement, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under this agreement have been fully performed and all Secured Indebtedness have been fully paid. fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, Agreement and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, Pledge the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, Contract the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, procedures as required by the PRC laws and regulations and the relevant AIC, AIC to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. Pledgor fulfilled by Party C. Pledgors and Party C shall (1) register the Pledge in the shareholders’ ' register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Services Agreement have been fully performed fulfilled by Target Company. Pledgors and all Secured Indebtedness have been fully paid. Pledgor and Party C Target Company shall (1) register the Pledge in the shareholders’ register of Party C Target Company within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 ten (10) business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the PledgePledge (including re-registration of the Pledge when the percentage of equity interest a Pledgor holds in Target Company changes), the parties Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an the equity interest pledge contract as in the form required by the AIC at the location of Party C Target Company which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. Pledgor Pledgors and Party C Target Company shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. Pledgor fulfilled by Party G. Pledgors and Party C G shall (1) register the Pledge in the shareholders’ register of Party C G within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the PledgePledge (including re-registration of the Pledge when the percentage of equity interest the Pledgors hold in Party G), the parties Parties hereto and all other shareholders of Party C shall submit to the AIC the Equity Interest Pledge Contract as set forth in the Attachment 4 of this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C G which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor Pledgors and Party C G shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days three (3) months following the execution of this Agreement. Failure to complete the registration of the Pledge of the Equity Interest contemplated herein within the aforementioned period due to the reason of AIC shall not be deemed as a breach of contract. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the PledgePledge (including re-registration of the Pledge when the percentage of equity interest the Pledgor holds in Party C), the parties hereto and all other shareholders of Party C shall submit to the AIC the Equity Interest Pledge Contract as set forth in the Attachment 4 of this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for f01 industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. Pledgor fulfilled by Party C. The Pledgors and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other othe1 shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. Pledgor The Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 【3】 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 【15】 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such as of the date when the pledge of the Equity Interest contemplated herein is registered with relevant the competent administration for of industry and commerce (the “AIC”)commerce. The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Principal Agreements have been fully performed and all Secured Indebtedness have been fully paid. fulfilled by Party C. The Parties agree that Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement; the Parties jointly acknowledge that, and to conduct the share pledge registration formalities (2) submit an application to including the AIC for share pledge modification registration when the registration shareholding percentage of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the PledgePledgor in Party C changes), the parties hereto Parties and all other shareholders of Party C shall submit to the AIC administration of industry and commerce a Share Pledge Agreement which is attached hereto as Exhibit 4 to this Agreement or an equity interest pledge contract Agreement, and is executed in the form required by the AIC administration of industry and commerce at the location of place where Party C is located and which shall truly reflect reflects the information of the Pledge hereunder (the “AIC Pledge Contract”). For pledge under this Agreement, matters not specified provided in the AIC such Share Pledge Contract, the parties Agreement for registration shall be bound by the subject to provisions of this Agreement. Pledgor and Party C shall submit shall, in accordance with all necessary documents and complete all necessary procedures, as required by requirements of the PRC laws and regulations and of the relevant AICcompetent administration of industry and commerce, submit all necessary documents and conduct all necessary formalities to ensure that the Pledge of the Equity Interest shall pledge will be registered with the AIC as soon as possible after submission for filingthe application is submitted (“Share Pledge Registration”).

Term of Pledge. 3.1 3.1. The Pledge shall become effective on such the date when the pledge of execution of this Agreement and. shall be continuously valid until full performance of the Equity Interest contemplated herein is registered with relevant administration for industry Contractual Obligations and commerce (full satisfaction of the “AIC”)Secured Indebtedness. The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor Pledgors and Party C shall shall, (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC relevant administration for industry and commerce for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the PledgePledged Share of Property, the parties hereto Parties and all other shareholders partners of Party C shall submit to the AIC administration of industry and commerce this Agreement or an equity interest a share of property pledge contract agreement in the form required by the AIC at the location administration of industry and commerce of where Party C locates, which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge ContractAgreement”). For matters not specified in the AIC Pledge ContractAgreement, the parties shall be bound by the provisions of this Agreement. Pledgor The Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICadministration of industry and commerce, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 3.1. The Pledge shall become effective on such date when the pledge of the Pledged Equity Interest contemplated herein is has been registered with the relevant administration for industry and commerce (the “AIC”)market regulation. The Pledge shall remain effective be continuously valid until all Contract full performance of the Contractual Obligations have been fully performed and all full satisfaction of the Secured Indebtedness have been fully paidIndebtedness. The Pledgor and Party C shall shall, (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC relevant administration for market regulation for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the PledgePledged Equity Interest, the parties hereto Parties and all other shareholders of Party C shall submit to the AIC administration for market regulation this Agreement or an equity interest pledge contract agreement in the form required by the AIC at the location administration for market regulation of where Party C locates, which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge ContractAgreement”). For matters not specified in the AIC Pledge ContractAgreement, the parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICadministration for market regulation, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations obligations due under the Business Cooperation Agreement have been fully performed and fulfilled by Party C or until all Secured Indebtedness obligations due under the Loan Agreement have been fully paidfulfilled by Pledgor (the later of fulfillment of the obligations). Pledgor and Party C shall (1) register the Pledge in the shareholders’ ' register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this AgreementAgreement (the “Registration of Pledge”). The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 3.1. The Pledge shall become effective on such the date when the pledge of execution of this Agreement and shall be continuously valid until full performance of the Equity Interest contemplated herein is registered with relevant administration for industry Contractual Obligations and commerce (full satisfaction of the “AIC”)Secured Indebtedness. The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor Pledgors and Party C shall shall, (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC relevant administration for industry and commerce for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the PledgePledged Share of Property, the parties hereto Parties and all other shareholders partners of Party C shall submit to the AIC administration of industry and commerce this Agreement or an equity interest a share of property pledge contract agreement in the form required by the AIC at the location administration of industry and commerce of where Party C locates, which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge ContractAgreement”). For matters not specified in the AIC Pledge ContractAgreement, the parties shall be bound by the provisions of this Agreement. Pledgor The Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICadministration of industry and commerce, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 10 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 3.1. The Pledge shall become effective on such date when the pledge of the Pledged Equity Interest contemplated herein is has been registered with the relevant administration for industry and commerce (the “AIC”)commerce. The Pledge shall remain effective be continuously valid until all Contract full performance of the Contractual Obligations have been fully performed and all full satisfaction of the Secured Indebtedness have been fully paidIndebtedness. The Pledgor and Party C shall shall, (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC relevant administration for industry and commerce for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the PledgePledged Equity Interest, the parties hereto Parties and all other shareholders of Party C shall submit to the AIC administration of industry and commerce this Agreement or an equity interest pledge contract agreement in the form required by the AIC at the location administration of industry and commerce of where Party C locates, which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge ContractAgreement”). For matters not specified in the AIC Pledge ContractAgreement, the parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICadministration of industry and commerce, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such from date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”)both parties execute this Agreement. The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have has been fully paid. The Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreementtime required by the Pledgee according to the Pledgee’s request, and (2) submit an application to the AIC relevant administration of industry and commerce (the “AIC”) for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreementtime required by the Pledgee according to the Pledgee’s request. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the relevant PRC laws and regulations and the relevant competent AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement, the Loan Agreements and the Exclusive Option Agreement have been fully performed and all Secured Indebtedness have been fully paid. Pledgor fulfilled by Party D. Pledgors and Party C D shall (1) register the Pledge in the shareholders’ register of Party C D within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the PledgePledge (including re-registration of the Pledge when the percentage of equity interest the Pledgors hold in Party D), the parties Parties hereto and all other shareholders of Party C shall submit to the AIC the Equity Interest Pledge Contract as set forth in the Attachment 4 of this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C D which shall truly reflect the information of the Pledge hereunder (the ““ AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor Pledgors and Party C D shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry the corresponding industrial and commerce (the “AIC”)commercial administration. The Pledge shall remain effective until all Contract Contractual Obligations have been fully performed and all Secured Indebtedness have has been fully paid. Pledgor The Pledgors and Party C shall (1) register the Pledge of this Agreement in the shareholders’ register of Party C within 3 business days following the execution effective date of this Agreement, and (2) submit an application to the AIC corresponding industrial and commercial administration for the registration of the Pledge of the Equity Interest contemplated herein under this Agreement within 15 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the Pledge, the parties Parties hereto and all other shareholders of Party C shall submit to the AIC industrial and commercial administration this Agreement or an a signed equity interest pledge contract in the form required by the AIC industrial and commercial administration at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Industrial And Commercial Administration Pledge Contract”). For matters not specified in the AIC Industrial And Commercial Administration Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. Pledgor The Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICindustrial and commercial administration, to ensure that the Pledge registration of the Equity Interest shall Pledge would be registered with the AIC accepted as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is has been registered with relevant administration for industry and commerce market regulation (the “AICAMR”). The Pledge , and thereafter shall remain effective be continuously valid until all Contract Obligations have been fully performed fulfilled and all Secured Indebtedness have been fully paidrepaid up. Pledgor Pledgors and Party C shall (1a) register the Pledge hereof in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2b) submit an application to the AIC for fulfill the registration of the Pledge of the Equity Interest contemplated herein within 15 business days hereof at AMR as soon as possible following the execution of this Agreement. The parties covenant Parties jointly confirm that for the purpose of registration of registering the PledgePledge with the AMR, the parties hereto Parties and all other shareholders of Party C shall shall, submit to the AIC a copy of this Agreement or an equity interest pledge contract agreement executed in the form required by the AIC at the location of local AMR where Party C resides which shall truly reflect the information of the Pledge hereunder (the “AIC AMR Equity Pledge ContractAgreement”)) to the AMR. For matters not specified in the AIC Where there is any inconsistency between AMR Equity Pledge ContractAgreement and this Agreement and Transaction Documents, the parties this Agreement and Transaction Documents shall be bound by the provisions of this Agreementprevail. Pledgor Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by pursuant to the PRC laws and regulations and the requirements of relevant AICAMR, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. Pledgor fulfilled by Party C. Pledgors and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution of this Agreement. The parties Parties covenant that for the purpose of registration of the PledgePledge (including re-registration of the Pledge when the percentage of equity interest a Shareholder holds in Party C changes), the parties Parties hereto and all other shareholders of Party C shall submit to the AIC the Equity Interest Pledge Contract as set forth in the Attachment 4 of this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. Pledgor Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor Party B and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor Party B and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered has been registered’ with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective be continuously valid until all Contract Obligations payments due under the Business Cooperation Agreement have been fully performed and all Secured Indebtedness have been fully paid. fulfilled by Party C. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant competent administration for industry and commerce (the “AIC”). The Pledge shall remain effective be valid until all Contract Obligations have been Obligation and Secured Indebtedness are fully performed and all Secured Indebtedness have been fully paid. Pledgor Pledgors and Party C D shall (1) register the Pledge in the shareholders’ register of Party C D within 3 business days following the execution of this AgreementAgreement and/or the completion of increase of registered capital of Party D, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 30 business days following the execution of this Agreement. Agreement and/or the completion of increase of registered capital of Party D. The parties Parties mutually covenant that for the purpose of registration of the Pledge, the parties Parties hereto and all other shareholders of Party C D shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C D which shall truly reflect the information of the Pledge hereunder (the hereinafter “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties Parties shall be bound by the provisions of this Agreement. Pledgor Pledgors and Party C D shall submit all necessary documents and complete all necessary procedures, procedures as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filingof application.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration State Administration for industry and commerce Market Regulation (the “AICSAMR”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC SAMR for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC SAMR this Agreement or an equity interest pledge contract in the form required by the AIC SAMR at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC SAMR Pledge Contract”). For matters not specified in the AIC SAMR Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AICSAMR, to ensure that the Pledge of the Equity Interest shall be registered with the AIC SAMR as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have has been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 10 business days following the execution demand of this AgreementPledgee. The parties covenant that for the purpose of registration of the Pledge, the parties Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

Term of Pledge. 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have has been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 three (3) business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 ten (10) business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties Parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.