Common use of EXECUTION AND DURATION Clause in Contracts

EXECUTION AND DURATION. 3.1 This equity pledge contract shall be executed and come into effect from the date of signature and common seal of the parties. 3.2 During the effective period of this contract, if Party D fails to pay money provided in the Second Amended and Restated Consulting Service Agreement, the Second Amended and Restated Exclusive Option Agreement, the Second Amended and Restated Power of Attorney, and other payment, or fails to perform the other provisions of the contract, upon reasonable notice and in accordance with the laws and regulations of the premise, Party A has the rights to exercise the right of pledge according to the provisions of this contract. 3.3 The duration of this pledge of stock rights is the day when the contract obligation is fulfilled or the debt secured by article 2.2 of this contract is paid off. 3.4 During the term of validity, Party B, Party C and Party D shall not unilaterally terminate this Agreement. Party A Shall not terminate this Agreement without any cause.

EXECUTION AND DURATION. 3.1 This equity pledge contract shall be executed and come into effect from the date of signature and common seal of the parties. 3.2 During the effective period of this contract, if Party D C fails to pay money provided in the Second Amended and Restated Consulting Service Agreementconsulting service contract, the Second Amended and Restated Exclusive Option Agreementoption agreement, the Second Amended and Restated Power letter of Attorneyattorney, and other payment, or fails to perform the other provisions of the contract, upon reasonable notice and in accordance with the laws and regulations of the premise, Party A has the rights to exercise the right of pledge according to the provisions of this contract. 3.3 The duration of this pledge of stock rights is the day when the contract obligation is fulfilled or the debt secured by article 2.2 of this contract is paid off. 3.4 During the term of validity, Party B, B and Party C and Party D shall not unilaterally terminate this Agreement. Party A Shall not terminate this Agreement without any cause.