Common use of Term of Pledge Clause in Contracts

Term of Pledge. 3.1 The Pledge shall become effective as of the date when the pledge of the Equity Interest is registered with the local administration of industry and commerce where the Company locates (the “Registration Authority”). The Term of the Pledge (the “Term of Pledge”) shall end when the last obligation secured by the Pledge is paid or fully fulfilled. The Parties agree that, promptly after the execution of this Agreement (but in no event later than 20 days from the execution date of this Agreement), Pledgor and Pledgee shall submit their application for pledge registration to the Registration Authority in accordance with the Measures on Share Pledge Registration with the Administration of Industry and Commerce. The Parties also agree that within fifteen (15) days after the Registration Authority officially accepts equity pledge application, Pledgor and the Company shall complete the pledge registration procedure, obtain the pledge registration notice and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of the Registration Authority. The Company acknowledges the respective rights and obligations of Pledgor and Pledgee under this Agreement, and agrees to provide any necessary assistance in registering the Pledge. 3.2 During the Term of Pledge, in the event Pledgor fails to perform any of its obligations under the Cooperation Agreements, Pledgee shall have the right, but not the obligation, to dispose of the Pledge in accordance with the provisions of this Agreement.

Term of Pledge. 3.1 The Pledge shall become effective as of the date when the pledge of the Equity Interest is registered with the local administration of industry and commerce where the Company locates (the “Registration Authority”). The Term of the Pledge (the “Term of PledgePledge Authority”) shall end when the last obligation Contractual Obligations and the Secured Indebtedness secured by the Pledge is are paid or fully fulfilled. The Parties agree that, promptly after the execution of this Agreement (but in no event later than 20 days from the execution date of this Agreement), Pledgor and Pledgee Party A shall submit their application for pledge registration to the Registration Authority in accordance with the Measures on Share Pledge Registration with the Administration of Industry and Commerce. The Parties also agree that within fifteen (15) days after as of the Registration Authority officially accepts commences the acceptance of equity pledge application, Pledgor and the Company Party C shall complete the pledge registration procedure, obtain the pledge registration notice and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of the Registration Authority. The Company acknowledges Parties jointly acknowledge that, for the respective rights purpose of completing equity pledge registration formalities, the Parties shall submit this Contract or an equity pledge contract which is executed in the form requested by the administrative authority for industry and obligations commerce in the locality of Pledgor Party C and Pledgee under this Agreement, truly reflects the information regarding the Pledge hereunder (the “Pledge Contract for Industrial and agrees Commercial Registration”) to provide any necessary assistance the administrative authority for industry and commerce. This Contract shall apply to the matters not mentioned in registering the PledgePledge Contract for Industrial and Commercial Registration. 3.2 During the Term of Pledge, in the event Pledgor Party C fails to perform any of its obligations under the Cooperation AgreementsContractual Obligations or repay the Secured Indebtedness, Pledgee shall have the right, but not the obligation, to dispose of the Pledge in accordance with the provisions of this Agreement.

Term of Pledge. 3.1 The Pledge shall become effective as of the date when the pledge of the Equity Interest is registered with the local administration of industry and commerce where the Company locates (the “Registration Authority”). The Term of the Pledge (the “Term of PledgePledge Authority”) shall end when the last obligation Secured Liabilities secured by the Pledge is paid or fully fulfilled. The Parties agree that, promptly after the execution of this Agreement (but in no event later than 20 days from the execution date of this Agreement), Pledgor and Pledgee Party A shall submit their application for pledge registration to the Registration Authority in accordance with the Measures on Share Pledge Registration with the Administration of Industry and Commerce. The Parties also agree that within fifteen (15) days after as of the Registration Authority officially accepts commences the acceptance of equity pledge application, Pledgor and the Company Party C shall complete the pledge registration procedure, obtain the pledge registration notice and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of the Registration Authority. The Company acknowledges the respective rights and obligations of Pledgor and Pledgee under this Agreement, and agrees to provide any necessary assistance in registering the Pledge. 3.2 During the Term of Pledge, in the event Pledgor fails to perform any Event of its obligations under the Cooperation AgreementsDefault, Pledgee shall have the right, but not the obligation, to dispose of the Pledge in accordance with the provisions of this Agreement.

Term of Pledge. 3.1 The Right of Pledge shall become effective as of take effect upon the date when the pledge of the Equity Interest is registered registration thereof with the local administration of industry for market supervision and commerce regulation at the place where the Company locates Party C is located (hereinafter referred to as the “Registration Authority”). The Term of , and the Pledge (term thereof will expire after all obligations under the “Term of Pledge”) shall end when Transaction Documents are performed and all Secured Debts under the last obligation secured by the Pledge is Transaction Documents are paid or fully fulfilledoff. The Parties agree that, promptly after that on the execution of this Agreement (but in no event later than 20 days from the execution date of this Agreement)execution hereof, the Pledgor and Pledgee Party A shall submit their file an application for pledge registration to with the Registration Authority for the registration of the equity pledge in accordance with the Measures on Share Pledge for the Registration with the Administration of Industry and CommerceEquity Pledge. The Parties also further agree that that, within fifteen twenty (1520) working days after as of the date of formal acceptance by the Registration Authority officially accepts of the application for equity pledge applicationregistration, Pledgor all formalities for equity pledge registration shall be completed, a registration notice issued by the Registration Authority shall be obtained, and the Company equity pledge shall complete the pledge registration procedure, obtain the pledge registration notice and be recorded completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of equity pledge register by the Registration Authority. The Company acknowledges the respective rights and obligations of Pledgor and Pledgee under this Agreement, and agrees to provide any necessary assistance in registering the Pledge. 3.2 During The Term of Pledge is 10 years. Where the term of any Transaction Document secured by the Right of Pledge exceeds the Term of Pledge, in the event Term of Pledge hereunder shall be extended accordingly. Where during the Term of Pledge, any Pledgor fails and/or Party C fail(s) to perform any of its the contractual obligations or pay the Secured Debts under the Cooperation AgreementsTransaction Documents, the Pledgee shall have may but is not obliged to exercise the right, but not the obligation, to dispose Right of the Pledge in accordance with the provisions of this Agreementhereof.

Term of Pledge. 3.1 The Pledge shall become effective as of the on such date when the pledge of the Equity Interest it is registered with the local administration of industry industrial and commerce commercial administrative department where Party C is located (hereinafter referred to as “the Company locates (the “Registration Authority”). The Term of the Pledge (the “Term of Pledge”) shall end when the last obligation secured by the Pledge is paid or fully fulfilled. The Parties agree that, promptly after on the execution of this Agreement (but in no event later than 20 days from the execution date of signing this Agreement)Contract, Pledgor the Pledgors and Pledgee Party A shall submit their application for pledge registration apply to the Registration Authority for the registration of establishment of the Equity Interest Pledge in accordance with the Measures on Share for the Registration of Equity Interest Pledge Registration with the Administration of Administrative Authorities for Industry and Commerce. The Parties also further agree that that, within fifteen twenty (1520) working days after from the date when the Registration Authority officially formally accepts equity pledge applicationthe application for the registration of the Equity Interest Pledge, Pledgor and the Company Parties shall complete the pledge formalities for the registration procedureof the Equity Interest Pledge, obtain the pledge registration notice and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of issued by the Registration Authority. The Company acknowledges the respective rights and obligations of Pledgor and Pledgee under this Agreement, and agrees cause the Registration Authority to provide any necessary assistance record the Equity Interest Pledge in registering a complete and accurate manner on the Pledgeregister of the equity interest pledges. 3.2 The Term of Pledge shall be 10 years. If the Business Cooperation Agreement guaranteed by the Pledge is extended, the Term of Pledge hereunder shall be extended accordingly. During the Term of Pledge, in the event Pledgor if Party C fails to perform any of its obligations under pay the exclusive consulting or service fees in accordance with the Business Cooperation AgreementsAgreement, the Pledgee shall have the rightbe entitled, but not the obligationobligated, to dispose of exercise the Pledge in accordance with the provisions of this AgreementContract.

Term of Pledge. 3.1 The Pledge shall become effective as of the date when the pledge of the Equity Interest is registered with the local administration of industry and commerce where the Company locates (the “Registration Authority”). The Term of the Pledge (the “Term of PledgePledge Authority”) shall end when the last obligation secured by the Pledge is paid or fully fulfilled. The Parties agree that, promptly after the execution of this Agreement (but in no event later than 20 days from the execution date of this Agreement), Pledgor and Pledgee Party A shall submit their application for pledge registration to the Registration Authority in accordance with the Measures on Share Pledge Registration with the Administration of Industry and Commerce. The Parties also agree that within fifteen (15) days after as of the Registration Authority officially accepts commences the acceptance of equity pledge application, Pledgor and the Company Party C shall complete the pledge registration procedure, obtain the pledge registration notice and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of the Registration Authority. The Company acknowledges the respective rights and obligations of Pledgor and Pledgee under this Agreement, and agrees to provide any necessary assistance in registering the Pledge. 3.2 During the Term of Pledge, in the event Pledgor Party C fails to pay the exclusive consulting or service fees in accordance with or fails to perform any of its obligations under the Business Cooperation AgreementsAgreement, Pledgee shall have the right, but not the obligation, to dispose of the Pledge in accordance with the provisions of this Agreement.

Term of Pledge. 3.1 The Pledge shall become effective as of the date when the pledge of the Equity Interest is registered with the local administration of industry and commerce where the Company locates (the “Registration Authority”). The Term of the Pledge (the “Term of Pledge”) shall end when the last obligation secured by the Pledge is paid or fully fulfilled. The Parties agree that, promptly after the execution of this Agreement (but in no event later than 20 days from the execution date of this AgreementAgreement unless otherwise agreed by the Parties), Pledgor Pledgors and Pledgee shall submit their application for pledge registration to the Registration Authority in accordance with the Measures on Share Pledge Registration with the Administration of Industry and Commerce. The Parties also agree that within fifteen (15) days after the Registration Authority officially accepts equity pledge application, Pledgor Pledgors and the Company shall complete the pledge registration procedure, obtain the pledge registration notice and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of the Registration Authority. The Company acknowledges the respective rights and obligations of Pledgor Pledgors and Pledgee under this Agreement, and agrees to provide any necessary assistance in registering the Pledge. 3.2 During the Term of Pledge, in the event Pledgor any Obligor fails to perform any of its obligations Secured Obligations under the Cooperation Agreements, Pledgee shall have the right, but not the obligation, to dispose of the Pledge in accordance with the provisions of this Agreement.

Term of Pledge. 3.1 The Pledge shall become effective as of the date when the pledge of the Equity Interest is registered with the local administration of industry and commerce where the Company locates (the “Registration Authority”). The Term of the Pledge (the “Term of PledgePledge Authority”) shall end when the last obligation Contractual Obligations and the Secured Indebtedness secured by the Pledge is are paid or fully fulfilled. The Parties agree that, promptly after the execution of this Agreement (but in no event later than 20 days from the execution date of this Agreement), Pledgor and Pledgee Party A shall submit their application for pledge registration to the Registration Authority in accordance with the Measures on Share Pledge Registration with the Administration of Industry and Commerce. The Parties also agree that within fifteen (15) days after as of the Registration Authority officially accepts commences the acceptance of equity pledge application, Pledgor and the Company Party C shall complete the pledge registration procedure, obtain the pledge registration notice and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of the Registration Authority. The Company acknowledges Parties jointly acknowledge that, for the respective rights and obligations purpose of Pledgor and Pledgee under completing equity pledge registration formalities, the Parties shall submit this Agreement, and agrees to provide any necessary assistance in registering the Pledge. 3.2 During the Term of Pledge, Contract or an equity pledge contract which is executed in the event Pledgor fails to perform any form requested by the administrative authority for industry and commerce in the locality of its obligations under Party C and truly reflects the Cooperation Agreements, Pledgee shall have the right, but not the obligation, to dispose of information regarding the Pledge hereunder (the “Pledge Contract for Industrial and Commercial Registration”) to the administrative authority for industry and commerce. This Contract shall apply to the matters not mentioned in accordance with the provisions of this AgreementPledge Contract for Industrial and Commercial Registration.

Term of Pledge. 3.1 The Pledge shall become effective as of the date when the pledge of the Equity Interest is registered with the local administration of industry and commerce where the Company locates (the “Registration Authority”). The Term of the Pledge (the “Term of Pledge”) shall end when the last obligation secured by the Pledge is paid or fully fulfilled. The Parties agree that, promptly after the execution of this Agreement (but in no event later than 20 days from the execution date of this Agreement), Pledgor and Pledgee shall submit their application for pledge registration to the Registration Authority in accordance with the Measures on Share Pledge Registration with the Administration of Industry and Commerce. The Parties also agree that within fifteen (15) days after the Registration Authority officially accepts equity pledge application, Pledgor and the Company shall complete the pledge registration procedure, obtain the pledge registration notice and completely and accurately register the Pledge of Equity Interest on the Pledge Registration Book of the Registration Authority. The Company acknowledges the respective rights and obligations of Pledgor and Pledgee under this Agreement, and agrees to provide any necessary assistance in registering the Pledge. 3.2 During the Term of Pledge, in the event Pledgor fails to perform any of its obligations under the Cooperation Agreements, Pledgee shall have the right, but not the obligation, to dispose of the Pledge in accordance with the provisions of this Agreement.