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

Representations and Warranties of Pledgor and Party C. The Pledgor and Party C hereby jointly and separately state and guarantee the following to Party A on the date of signing of this Agreement as follows 5.1 Pledgor is the sole legal and beneficial owner of the Equity Interest. Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement. 5.2 Both the Pledgor and Party C shall hnve all the powers, capabilities and authorizations to sign and deliver this Agreement and perform their obligations under this Agreement. Once this Agreement is signed, it constitutes a legal, effective and binding obligation for the pledgee and party C, and can be enforced according to its terms. 5.3 Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the Equity Interest. 5.4 Pledgor and Party C have obtained the consent and approval of the government department and third party for the signing, delivery and performance of this Agreement (if required). 5.5 The signing, delivery and performance of this Agreement shall not: (i) lead to violation of any relevant PRC laws; (ii) conflict with Party C’s articles of association or other organizational documents; (iii) cause violation of whether it is a party or binding on it Any contract or document that constitutes a force, or constitutes a breach of contract under any contract or document that is a party or binding on it; (iv) resulting in a violation of any license or approved grant to any party and / or continued validity Any conditions of; or (v) cause any license or approval issued to any party to be suspended or revoked or conditional