Common use of The Term of Pledge Clause in Contracts

The Term of Pledge. 3.2.1 The Pledge of equity interests under this Agreement shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of Beijing Cool Young Information Technology Co., Ltd. and registered with the competent Administration for Industry and Commerce. The term of the Pledge is the same as the term of Service Agreement. 3.2.2 During the term of the Pledge, the Pledgor shall be entitled to dispose of the Pledge in accordance with this Agreement in the event that Beijing Cool Young Information Technology Co., Ltd. fails to pay exclusive technical Consulting and service fee in accordance with the Service Agreement.

The Term of Pledge. 3.2.1 The Pledge of equity interests the Equity Interest under this Agreement shall take effect as of the date when the equity interests Equity Interest under this Agreement are recorded in the Register of Shareholder of Beijing Cool Young Information Technology Co., Ltd. XinAo and registered with the competent Administration for Industry and Commerce. The term Term of the Pledge is the same as the term of Service Agreement. 3.2.2 During the term Term of the Pledge, the Pledgor shall be entitled to dispose of the Pledge in accordance with this Agreement in the event that Beijing Cool Young Information Technology Co., Ltd. XinAo fails to pay exclusive technical Consulting consulting and service fee fees in accordance with the Service Agreement.

The Term of Pledge. 3.2.1 The Pledge of equity interests under this Agreement shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder Shareholders of Beijing Cool Young Information Shanghai Magma Digital Technology Co., Co. Ltd. and registered with the competent Administration for Industry and Commerce. The term of the Pledge is the same as the term of Service Agreement. 3.2.2 During the term of the Pledge, the Pledgor shall be entitled to dispose of the Pledge in accordance with this Agreement in the event that Beijing Cool Young Information Shanghai Magma Digital Technology Co., Co. Ltd. fails to pay exclusive technical Consulting consulting and service fee fees in accordance with the Service Agreement.

The Term of Pledge. 3.2.1 The Pledge pledge of equity interests under this Agreement shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of Beijing Cool Young Information Technology Champion Hi-Tech Co., Ltd. and registered with the competent Administration for Industry and Commerce. The term of the Pledge is the same as the term of Service Agreement. 3.2.2 During the term of the Pledge, the Pledgor shall be entitled to dispose of the Pledge in accordance with this Agreement in the event that Beijing Cool Young Information Technology Champion Hi-Tech Co., Ltd. fails to pay exclusive technical Consulting and consulting service fee in accordance with the Service AgreementAgreement or breach any warranty, representation or undertake under the same.

The Term of Pledge. 3.2.1 The Pledge of equity interests under this Agreement shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of Beijing Cool Young Information Palmsky Technology Co., Ltd. and registered with the competent Administration for Industry and Commerce. The term of the Pledge is the same as the term of Service Agreement. 3.2.2 During the term of the Pledge, the Pledgor shall be entitled to dispose of the Pledge in accordance with this Agreement in the event that Beijing Cool Young Information Palmsky Technology Co., Ltd. fails to pay exclusive technical Consulting and consulting service fee in accordance with the Service Agreement.

The Term of Pledge. 3.2.1 The Pledge of equity interests under this Agreement shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder Member of Beijing Cool Young Information Enterprise Network Technology Co., Ltd. and registered with the competent Administration for Industry and Commerce. The term of the Pledge is the same as the term of Service Agreement. 3.2.2 During the term of the Pledge, the Pledgor shall be entitled to dispose of the right to the Pledge in accordance with this Agreement in the event that Beijing Cool Young Information Enterprise Network Technology Co., Ltd. fails to pay exclusive technical Consulting and service fee in accordance with the Service Agreement.

The Term of Pledge. 3.2.1 The Pledge of equity interests under this Agreement shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of Beijing Cool Young Information Technology Co., WVAS Solutions Ltd. and registered with the competent Administration for Industry and Commerce. The term of the Pledge is the same as the term of Service Agreement. 3.2.2 During the term of the Pledge, the Pledgor shall be entitled to dispose of the Pledge in accordance with this Agreement in the event that Beijing Cool Young Information Technology Co., WVAS Solutions Ltd. fails to pay exclusive technical Consulting and consulting service fee in accordance with the Service Agreement.

The Term of Pledge. 3.2.1 The Pledge of equity interests the Equity Interest under this Agreement shall take effect as of the date when the equity interests Equity Interest under this Agreement are recorded in the Register of Shareholder of Beijing Cool Young Information Technology Co., Ltd. Wowjoint and registered with the competent Administration for Industry and Commerce. The term Term of the Pledge is the same as the term of Service Agreement. 3.2.2 During the term Term of the Pledge, the Pledgor Pledgee shall be entitled to dispose of the Pledge in accordance with this Agreement in the event that Beijing Cool Young Information Technology Co., Ltd. Wowjoint fails to pay exclusive technical Consulting consulting and service fee fees in accordance with the Service Agreement.

The Term of Pledge. 3.2.1 The Pledge pledge of equity interests under this Agreement shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of Beijing Cool Young Information Technology Co., WVAS Solutions Ltd. and registered with the competent Administration for Industry and Commerce. The term of the Pledge is the same as the term of Service Agreement. 3.2.2 During the term of the Pledge, the Pledgor shall be entitled to dispose of the Pledge in accordance with this Agreement in the event that Beijing Cool Young Information Technology Co., WVAS Solutions Ltd. fails to pay exclusive technical Consulting and consulting service fee in accordance with the Service Agreement.