Common use of Pledge object Clause in Contracts

Pledge object. 3.1 For pledge object, please see Pledge object List. As the attachment of this contract, Pledge object List has the same legal force as this contract. 3.2 The Pledge object List is just the agreement for pledged value and not considered as the valuation basis for Party A disposing the pledge object, and does not constitute any limit to pledge right execution of Party A. 3.3 The effect of Party A’s pledge right refers to fruits produced by the pledge object, as well as the premium, indemnity and compensation caused due to pledge object damaged, lost or collected. 3.4 Party A is entitled to charge the fruits of the pledge object, and the fruits shall be first used as fees for charging fruits. 3.5 The premium, indemnity and compensation caused to Party B due to pledge object damaged, lost or collected shall be used for settlement of principal creditor’s right in advance, or with Party A’s permission, used for recovering the value of the pledge object, or deposited to Part A’s specified account, to guarantee the fulfillment of liabilities under the contract. The undepreciated part of the pledge object shall still be used as the guarantee to the principal creditor’s right. 3.6 If the pledge object may be lost or damaged due to improper keeping of Party A, Party B can require Party A to draw the pledge object, and also require settlement of liabilities in advance and returning of the pledged property. 3.7 Party A has the right to require Party B to provide the corresponding warranty, if Party A’s rights will be harmed when the pledge object may be damaged or discounted obviously due to some reason outside the scope of Party A. 3.8 In accordance with the ratio between the pledged value and maximum balance described in item 1.1, the following warning line and disposal line are established for the pledge object under this contract: Warning line = Pledge value/Maximum balance described in item 1.1 = % Disposal line = Pledge value/Maximum balance described in item 1.1 = %

Pledge object. 3.1 For pledge object, please see Pledge object Objects List. As the attachment of this contract, Pledge object Objects List has the same legal force as this contract. 3.2 The Pledge object Objects List is just the agreement for pledged value and not considered as the valuation basis for Party A disposing the pledge object, and does not constitute any limit to pledge right execution of Party A. 3.3 The effect of Party A’s pledge right refers to fruits produced by the pledge object, as well as the premium, indemnity and compensation caused due to pledge object damaged, lost or collected. 3.4 Party A is entitled to charge the fruits of the pledge object, and the fruits shall be first used as fees for charging fruits. 3.5 The premium, indemnity and compensation caused to Party B due to pledge object damaged, lost or collected shall be used for settlement of principal creditor’s right in advance, or with Party A’s permission, used for recovering the value of the pledge object, or deposited to Part Party A’s specified account, to guarantee the fulfillment of liabilities under the contract. The undepreciated part of the pledge object shall still be used as the guarantee to the principal creditor’s right. 3.6 If the pledge object may be lost or damaged due to improper keeping of Party A, Party B can require Party A to draw the pledge object, and also require settlement of liabilities in advance and returning of the pledged property. 3.7 Party A has the right to require Party B to provide the corresponding warranty, if Party A’s rights will be harmed when the pledge object may be damaged or discounted obviously due to some reason outside the scope of Party A. 3.8 In accordance with the ratio between the pledged value and maximum balance described in item 1.1, the following warning line and disposal line are established for the pledge object under this contract: Warning line = Pledge value/Maximum balance described in item 1.1 = % Disposal line = Pledge value/Maximum balance described in item 1.1 = %% When the pledge value reduces below the warning line, Party B shall append the guarantee within the period required by Party A to supplement the pledged value gap caused by decrease of pledged value; when the pledged value reduces below the disposal line, Party A has the right to dispose the pledge object and will be compensated by the obtained payment.

Pledge object. 3.1 For pledge object, please see Pledge object List. As the attachment of this contract, Pledge object List has the same legal force as this contract. 3.2 The Pledge object List is just the agreement for pledged value and not considered as the valuation basis for Party A disposing the pledge object, and does not constitute any limit to pledge right execution of Party A. 3.3 The effect of Party A’s pledge right refers to fruits produced by the pledge object, as well as the premium, indemnity and compensation caused due to pledge object damaged, lost or collected. 3.4 Party A is entitled to charge the fruits of the pledge object, and the fruits shall be first used as fees for charging fruits. 3.5 The premium, indemnity and compensation caused to Party B due to pledge object damaged, lost or collected shall be used for settlement of principal creditor’s right in advance, or with Party A’s permission, used for recovering the value of the pledge object, or deposited to Part A’s specified account, to guarantee the fulfillment of liabilities under the contract. The undepreciated part of the pledge object shall still be used as the guarantee to the principal creditor’s right. 3.6 If the pledge object may be lost or damaged due to improper keeping of Party A, Party B can require Party A to draw the pledge object, and also require settlement of liabilities in advance and returning of the pledged property. 3.7 Party A has the right to require Party B to provide the corresponding warranty, if Party A’s rights will be harmed when the pledge object may be damaged or discounted obviously due to some reason outside the scope of Party A. 3.8 In accordance with the ratio between the pledged value and maximum balance described in item 1.1, the following warning line and disposal line are established for the pledge object under this contract: Warning line = Pledge value/Maximum balance described in item 1.1 = % Disposal line = Pledge value/Maximum balance described in item 1.1 = %% When the pledge value reduces below the warning line, Party B shall append the guarantee within the period required by Party A to supplement the pledged value gap caused by decrease of pledged value; when the pledged value reduces below the disposal line, Party A has the right to dispose the pledge object and will be compensated by the obtained payment.