Common use of Remedies for Breach of Contract Clause in Contracts

Remedies for Breach of Contract. 4.1 The Parties agree that if Party B breaches the Non-Compete obligations stipulated by Clause II of the Agreement, he shall bear liability for such breach. All benefits and proceeds acquired as a result of the breach of such Non-Compete obligations (such as work product resulting from engaging in competition with Party A) shall become the property of Party A. Furthermore, Party B shall compensate Party A for actual losses incurred by Party A as a result of such breach. Party A shall also have the right to request that Party B immediately terminate any activity related to the Competing Business. 4.2 Party B acknowledges that the compensation for the losses described in Clause 4.1 above will not constitute sufficient remedy for a breach of contract. Party B agrees that if the breach of the Agreement by Party B results in any payments, liabilities or losses suffered on the part of Party A (including but not limited to loss of profits by Party A), Party B shall compensate Party A such payments, liabilities or losses (including but not limited to interest and legal fees paid or lost as a result of the breach). 4.3 Party B agrees that, upon breach of the Agreement by Party B, he shall immediately resign from all posts held with Party A (if any) and waive any claims against Party A which may arise from such resignation.

Remedies for Breach of Contract. 4.1 The Parties agree that if Party B breaches the Non-Compete Competition obligations stipulated by Clause II of the this Agreement, he shall bear assume the liability for such breach. All benefits and proceeds acquired as a result of the breach of such Non-Compete Competition obligations (such as work product resulting from engaging in competition with Party A) shall become the property of Party A. Furthermore, Party B shall compensate Party A for actual losses incurred by Party A as a result of such breach. Party A shall also have the right to request that Party B immediately terminate any activity related to the Competing Business. 4.2 Party B acknowledges that the compensation for the losses described in Clause 4.1 above will not constitute sufficient remedy for a breach of contract. Party B agrees that if the breach of the this Agreement by Party B results in any payments, liabilities or losses suffered on the part of Party A (including including, but not limited to loss of profits by Party A), Party B shall compensate Party A such payments, liabilities or losses (including including, but not limited to interest and legal fees paid or lost losses incurred as a result of the breach). 4.3 Party B agrees that, upon breach of the this Agreement by Party B, he shall immediately resign from all posts held with Party A (if any) and waive any claims against Party A which that may arise from such resignation.

Remedies for Breach of Contract. 4.1 The Parties agree It is agreed that Party B shall assume the liability for breach of contract if Party B breaches the Nonnon-Compete competition obligations stipulated by Clause II of the Agreementas specified in Article 2 hereof, he shall bear liability for such breach. All benefits and proceeds acquired as a result of the breach all incomes received from violation of such Non-Compete obligations obligation (such as engagement in the work product resulting from engaging in competition competitive with Party A) shall become the property of vest in Party A. FurthermoreA, and Party B shall compensate Party A for all the actual losses incurred by Party A as a result of such breacharising therefrom. In addition, Party A shall also have the right to request that require Party B to stop immediately terminate conducting any activity related relating to the Competing Businesscompetitive business. 4.2 Party B acknowledges that the compensation for the losses described damages as mentioned in Clause Article 4.1 above will shall not constitute sufficient remedy for a its breach of contract. Party B agrees that if the breach of the Agreement by Party B results in any payments, liabilities or losses suffered on the part of Party A (including but not limited to loss of profits by Party A), Party B shall compensate Party A such paymentsfor all costs, liabilities or losses (including, but not limited to, interest and attorney fee paid or incurred as a result of breach of contract) to Party A if any expenses, liabilities or any losses (including but not limited to interest and legal fees paid or lost as a result profit loss of Party A) are incurred by Party A due to Party B’s breach of the breach)Agreement. 4.3 Party B agrees that, upon breach of the Agreement by that Party B, he B shall immediately resign from all posts held with Party A its position (if any) in Party A immediately and waive any claims potential compensation against Party A which may arise from due to such resignationresignation if Party B breaches the Agreement. 4.4 Party A agrees that the Contract shall be terminated automatically and it shall compensate RMB2,240,000 to Party B unconditionally where PAMC fails to pay the non-competition compensations to Party B on schedule according to Article 2.4 hereof and the equity interest of the Company held by Party B has bee transferred to the Investors.

Remedies for Breach of Contract. 4.1 The Parties agree that if Party B breaches the Non-Compete Competition obligations stipulated by Clause II of the this Agreement, he shall bear assume the liability for such breach. All benefits and proceeds acquired as a result of the breach of such Non-Compete Competition obligations (such as work product resulting from engaging in competition with Party A) shall become the property of Party A. Furthermore, Party B shall compensate Party A for actual losses incurred by Party A as a result of such breach. Party A shall also have the right to request that Party B immediately terminate any activity conduct related to the Competing Business. 4.2 Party B acknowledges that the compensation for the losses described in Clause 4.1 above will not constitute sufficient remedy for a breach of contract. Party B agrees that if the breach of the this Agreement by Party B results in any payments, liabilities or losses suffered on the part of Party A (including but not limited to loss of profits by Party A), Party B shall compensate Party A such payments, liabilities or losses (including but not limited to interest and legal fees paid or lost losses incurred as a result of the breach). 4.3 Party B agrees that, upon breach of the Agreement by Party B, he shall immediately resign from all posts held with Party A (if any) and waive any claims against Party A which may arise from such resignation.

Remedies for Breach of Contract. 4.1 The Parties agree that if Party B breaches the Non-Compete obligations stipulated by Clause II of the Agreement, he shall bear liability for such breach. All benefits and proceeds acquired as a result of the breach of such Non-Compete obligations (such as work product resulting from engaging in competition with Party A) shall become the property of Party A. Furthermore, Party B shall compensate Party A for actual losses incurred by Party A as a result of such breach. Party A shall also have the right to request that Party B immediately terminate any activity related to the Competing Business. 4.2 Party B acknowledges that the compensation for the losses described in Clause 4.1 above will not constitute sufficient remedy for a breach of contract. Party B agrees that if the breach of the Agreement by Party B results in any payments, liabilities or losses suffered on the part of Party A (including but not limited to loss of profits by Party A), Party B shall compensate Party A such payments, liabilities or losses (including but not limited to interest and legal fees paid or lost as a result of the breach).. Appendix VIII 4.3 Party B agrees that, upon breach of the Agreement by Party B, he shall immediately resign from all posts held with Party A (if any) and waive any claims against Party A which may arise from such resignation.

Remedies for Breach of Contract. 4.1 The Parties agree that if Party B breaches the Non-Compete obligations stipulated by Clause II of the Agreement, he shall bear liability for such breach. All benefits and proceeds acquired as a result of the breach of such Non-Compete obligations (such as work product resulting from engaging in competition with Party A) shall become the property of Party A. Furthermore, Party B shall compensate Party A for actual losses incurred by Party A as a result of such breach. Party A shall also have the right to request that Party B immediately terminate any activity related to the Competing Business. 4.2 Party B acknowledges that the compensation for the losses described in Clause 4.1 above will not constitute sufficient remedy for a breach of contract. Party B agrees that if the breach of the Agreement by Party B results in any payments, liabilities or losses suffered on the part of Party A (including but not limited to loss of profits by Party A), Party B shall compensate Party A such payments, liabilities or losses (including but not limited to interest and legal fees paid or lost as a result of the breach). 4.3 Party B agrees that, upon breach of the Agreement by Party B, he shall immediately resign from all posts held with Party A (if any) and waive any claims against Party A which may arise from such resignation.