Common use of Business License Update Clause in Contracts

Business License Update. Within ten (10) business days after Guohong No.2 and Fenzhong Chuangxiang pays the Proceeds from Capital Increase Subscriptions in full to the Company, the Company shall apply to the Industrial and Commercial Administration for the registration of changes in the relevant corporate registration matters due to this Capital Increase (including the filing of the new shareholders of the Company, the Articles of Association, and the new board members of the Company) and the update of the business licenses to reflect that Guohong No.2 and Fenzhong Chuangxiang has paid the Newly Registered Capital of the Company in accordance with this Agreement and become shareholders of the Company, and Existing Shareholders shall take all necessary actions and sign all necessary documents to assist the Company in completing the registration of changes for the Capital Increase by Guohong No.2 and Fenzhong Chuangxiang.

Business License Update. Within ten (10) business days after Guohong No.2 Tianhong Lvyan and Fenzhong Chuangxiang pays Wentou Huyu have paid the Company the full amount of the Proceeds from Capital Increase Subscriptions in full to the CompanySubscriptions, the Company shall apply to the Industrial and Commercial Administration for the registration of changes in the relevant corporate registration matters due to this Capital Increase (including the filing of the new shareholders of the Company, the Articles of Association, Association and new members in the new board members Board of Directors of the Company) and the update of the business licenses license to reflect that Guohong No.2 Tianhong Lvyan and Fenzhong Chuangxiang has Wentou Huyu have paid for the Company’s Newly Registered Capital of the Company in accordance with this Agreement and become became shareholders of the Company, and ; the Existing Shareholders shall take all necessary actions and sign all necessary documents to assist the Company in completing the registration of changes for the this Capital Increase by Guohong No.2 Tianhong Lvyan and Fenzhong ChuangxiangWentou Huyu.