Common use of Covenants of Shareholders Clause in Contracts

Covenants of Shareholders. 6.1 During the Term, the Shareholders represent and warrant to Guangzhou Xingbang for Guangzhou Xingbang’s benefit that the Shareholders shall: 6.1.1 Not transfer or assign the Pledged Collateral, nor create or permit to create any pledge or encumbrance to the Pledged Collateral which may adversely affect the rights and/or benefits of Guangzhou Xingbang without Guangzhou Xingbang’s prior written consent. 6.1.2 Comply with the laws and regulations with respect to the Pledge; present to Guangzhou Xingbang any notices, orders or advisements with respect to the Pledge that may be issued or made by a competent PRC authority within five (5) days upon receiving such notices, orders or advisements; comply with such notices, orders or advisements; or object to the foregoing matters upon the reasonable request of Guangzhou Xingbang or with written consent from Guangzhou Xingbang. 6.1.3 Timely notify Guangzhou Xingbang of any events which may affect the Pledged Collateral or the Shareholders’ rights thereto, or which may change any of the Shareholders’ warranties or affect the Shareholders’ performance of their obligations under this Agreement. 6.2 The Shareholders agree that Guangzhou Xingbang’s right to the Pledge pursuant to this Agreement shall not be suspended or inhibited by any legal proceedings initiated by the Shareholders, jointly or separately, or by any successor of or any person authorized by the Shareholders. 6.3 The Shareholders represent and warrant to Guangzhou Xingbang that in order to protect and perfect the security for the payment of the Consulting Services Fee, the Shareholders shall execute in good faith and cause other parties who have interests in the Pledged Collateral to execute all the title certificates, contracts, and perform actions and cause other parties who have interests to take action, as required by Guangzhou Xingbang. 6.4 The Shareholders represent and warrant to Guangzhou Xingbang or its appointed representative (whether a natural person or a legal entity) that they will execute all applicable and required amendments in connection with the registration of the Pledge, and within a reasonable period of time upon request, provide the relevant notice, order and decision regarding such registration to Guangzhou Xingbang.

Covenants of Shareholders. 6.1 During the Term, the Shareholders represent and warrant to Guangzhou Xingbang Kanghui for Guangzhou XingbangKanghui’s benefit that the Shareholders shall: 6.1.1 Not transfer or assign the Pledged Collateral, nor create or permit to create any pledge or encumbrance to the Pledged Collateral which may adversely affect the rights and/or benefits of Guangzhou Xingbang Kanghui without Guangzhou XingbangKanghui’s prior written consent. 6.1.2 Comply with the laws and regulations with respect to the Pledge; present to Guangzhou Xingbang Kanghui any notices, orders or advisements with respect to the Pledge that may be issued or made by a competent PRC authority within five (5) days upon receiving such notices, orders or advisements; comply with such notices, orders or advisements; or object to the foregoing matters upon the reasonable request of Guangzhou Xingbang Kanghui or with written consent from Guangzhou XingbangKanghui. 6.1.3 Timely notify Guangzhou Xingbang Kanghui of any events which may affect the Pledged Collateral or the Shareholders’ rights thereto, or which may change any of the Shareholders’ warranties or affect the Shareholders’ performance of their obligations under this Agreement. 6.2 The Shareholders agree that Guangzhou XingbangKanghui’s right to the Pledge pursuant to this Agreement shall not be suspended or inhibited by any legal proceedings initiated by the Shareholders, jointly or separately, or by any successor of or any person authorized by the Shareholders. 6.3 The Shareholders represent and warrant to Guangzhou Xingbang Kanghui that in order to protect and perfect the security for the payment of the Consulting Services Fee, the Shareholders shall execute in good faith and cause other parties who have interests in the Pledged Collateral to execute all the title certificates, contracts, and perform actions and cause other parties who have interests to take action, as required by Guangzhou XingbangKanghui. 6.4 The Shareholders represent and warrant to Guangzhou Xingbang Kanghui or its appointed representative (whether a natural person or a legal entity) that they will execute all applicable and required amendments in connection with the registration of the Pledge, and within a reasonable period of time upon request, provide the relevant notice, order and decision regarding such registration to Guangzhou XingbangKanghui. 6.5 The Shareholders represent and warrant to Kanghui that they will abide by and perform all relevant guarantees, covenants, warranties, representations and conditions necessary to insure the rights of Kanghui under this Agreement. The Shareholders shall compensate all the losses suffered by Kanghui as a result of the Shareholders’ failure to perform any such guarantees, covenants, warranties, representations or conditions.

Covenants of Shareholders. 6.1 During the Term, the Shareholders represent and warrant to Guangzhou Xingbang EWSI for Guangzhou XingbangEWSI’s benefit that the Shareholders shall: 6.1.1 Not transfer or assign the Pledged Collateral, nor create or permit to create any pledge or encumbrance to the Pledged Collateral which may adversely affect the rights and/or benefits of Guangzhou Xingbang EWSI without Guangzhou XingbangEWSI’s prior written consent. 6.1.2 Comply with the laws and regulations with respect to the Pledge; present to Guangzhou Xingbang EWSI any notices, orders or advisements with respect to the Pledge that may be issued or made by a competent PRC authority within five (5) days upon receiving such notices, orders or advisements; comply with such notices, orders or advisements; or object to the foregoing matters upon the reasonable request of Guangzhou Xingbang EWSI or with written consent from Guangzhou XingbangEWSI. 6.1.3 Timely notify Guangzhou Xingbang EWSI of any events which may affect the Pledged Collateral or the Shareholders’ rights thereto, or which may change any of the Shareholders’ warranties or affect the Shareholders’ performance of their obligations under this Agreement. 6.2 The Shareholders agree that Guangzhou XingbangEWSI’s right to the Pledge pursuant to this Agreement shall not be suspended or inhibited by any legal proceedings initiated by the Shareholders, jointly or separately, or by any successor of or any person authorized by the Shareholders. 6.3 The Shareholders represent and warrant to Guangzhou Xingbang EWSI that in order to protect and perfect the security for the payment of the Consulting Management Services Fee, the Shareholders shall execute in good faith and cause other parties who have interests in the Pledged Collateral to execute all the title certificates, contracts, and perform actions and cause other parties who have interests to take action, as required by Guangzhou XingbangEWSI. 6.4 The Shareholders represent and warrant to Guangzhou Xingbang EWSI or its appointed representative (whether a natural person or a legal entity) that they will execute all applicable and required amendments in connection with the registration of the Pledge, and within a reasonable period of time upon request, provide the relevant notice, order and decision regarding such registration to Guangzhou XingbangEWSI. 6.5 The Shareholders represent and warrant to EWSI that they will abide by and perform all relevant guarantees, covenants, warranties, representations and conditions necessary to insure the rights of EWSI under this Agreement. The Shareholders shall compensate all the losses suffered by EWSI as a result of the Shareholders’ failure to perform any such guarantees, covenants, warranties, representations or conditions.