Common use of Representations and Warranties of Pledgor and Party C Clause in Contracts

Representations and Warranties of Pledgor and Party C. The Pledgor Represent and Warrant to the Pledgee that: 5.1 Pledgor is the sole legal and beneficial owners of the Equity Interest. Except for being subject to other agreements entered into by the Pledgor and the Pledgee, the Pledgor enjoys legal and complete ownership of the Equity Interest. 5.2 Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement. 5.3 Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the Equity Interest. There are no controversies over the ownership of the Equity Interest. The Equity Interest is not seized or subject to any other legal proceedings or similar threats, and is good for transfer and pledging according to applicable laws. 5.4 The Pledgor’s execution of this Agreement and exercise of its rights under this Agreement (or fulfillment of its obligations under this Agreement) will not breach any laws, regulations, and agreements or contracts to which the Pledgor is a party, or any promise the Pledgor has made to any third parties. 5.5 All documents, materials, statements and certificates provided by the Pledgor to the Pledgee are accurate, true, complete and valid.

Representations and Warranties of Pledgor and Party C. The Pledgor Represent and Warrant to the Pledgee that: 5.1 Pledgor is the sole legal and beneficial owners of the Equity Interest. Except for being subject to other agreements entered into by the Pledgor and the Pledgee, the Pledgor enjoys legal and complete ownership of the Equity Interest. 5.2 Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement. 5.3 Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the Equity Interest. There are no controversies over the ownership of the Equity Interest. The Equity Interest is not seized or subject to any other legal proceedings or similar threats, and is good for transfer and pledging according to applicable laws. 5.4 The Pledgor’s 's execution of this Agreement and exercise of its rights under this Agreement (or fulfillment of its obligations under this Agreement) will not breach any laws, regulations, and agreements or contracts to which the Pledgor is a party, or any promise the Pledgor has made to any third parties. 5.5 All documents, materials, statements and certificates provided by the Pledgor to the Pledgee are accurate, true, complete and valid.

Representations and Warranties of Pledgor and Party C. The Pledgor Represent and Warrant Party C jointly and severally make the following representations and warranties at the execution of this Contract to the Pledgee that:and confirm that Pledgee enters into and performs this Contract in reliance on such representations and warranties. 5.1 Pledgor is the sole legal and beneficial owners owner of the Equity Interest. Except Equity, and except for being subject to other agreements the agreement otherwise entered into by the and between Pledgor and the Pledgee, it has legal, complete and full ownership to and in the Pledgor enjoys legal and complete ownership of the Equity InterestEquity. 5.2 Pledgee shall have the right be entitled to dispose of and transfer the Equity Interest in accordance with the provisions set forth in this AgreementContract. 5.3 Except for the Pledge, Pledgor has not placed created any security interest or other encumbrance on over the Equity, and the Equity Interest. There are has no controversies dispute over the ownership of the Equity Interest. The Equity Interest its ownership, is not seized or subject to any detention or other legal proceedings proceeding or has similar threatsthreat, and is good for transfer may be pledged and pledging according transferred pursuant to applicable laws. 5.4 The Pledgor’s execution of this Agreement Contract and exercise of its rights under this Agreement (hereunder or fulfillment performance of its obligations under this Agreement) hereunder by Pledgor will not breach violate any lawslaw, regulationsregulation, and agreements any agreement or contracts contract to which the Pledgor is a party, or any promise the undertaking made by Pledgor has made to any third partiesparty. 5.5 All documents, materials, statements and certificates etc. provided to Pledgee by the Pledgor to the Pledgee are accurate, trueauthentic, complete and valid.