PLEDGE CONTRACT FOR LOANS SECURED USING INSTITUTIONAL DEPOSIT CERTIFICATES (SINGLE LOAN) SHANGHAI PUDONG DEVELOPMENT BANKPledge Contract for Loans Secured Using Institutional Deposit Certificates • April 19th, 2010 • MIE Holdings Corp • Hong Kong
To ensure the full performance by a debtor of its obligations under the master contract (see Article 9 hereof for details) in a timely manner, and to safeguard the repayment of debts to its creditor, the Pledgor voluntarily provides the collateral hereunder as security for its pledge. The Pledgor and the Pledgee have completed the formalities in relation thereto in accordance with the Provisions for the Administration of Loans Secured Using Institutional Time Deposit Certificates, and the Pledgee has received a letter of confirmation for time deposit and an institutional time deposit certificate both issued by the bank where the deposit is placed.
