WRITTEN CONSENT AND WAIVER (DEED OF UNDERTAKING AND NEGATIVE PLEDGE AGREEMENT)And Negative Pledge Agreement) • June 8th, 2016 • CHINA METRO-RURAL HOLDINGS LTD • Real estate • Hong Kong
This Written Consent and Waiver (this “Consent and Waiver”) is entered into as of June 7, 2016 by and between Willis Plus Limited, a limited liability company incorporated under the laws of the British Virgin Islands (the “Convertible Bondholder”), Mr. Cheng Chung Hing, a natural person (in his capacity as the sole equityholder of the Convertible Bondholder, the “Sole Shareholder”), and Mr. Cheng Chung Hing (in his capacity as the holder of PAG Bonds, the “Investor”), as holder of the PAG Bonds and assignee of PA Universal Opportunity VII Limited, a limited liability company incorporated under the laws of the British Virgin Islands (the “Former Investor”). Each of the Convertible Bondholder, the Sole Shareholder, and the Investor shall be referred to herein individually as a “Party” and collectively as the “Parties.”
