Onshore Restructuring. The Founders, the Group Companies and all other parties thereto shall have executed and delivered all Onshore Reorganization Documents in accordance with their respective terms to the satisfaction of the Investor. The WFOE shall have been duly established and each of the parties to the Control Documents shall have duly performed and complied all of the obligations and conditions contained in the Control Documents that are required to be performed or complied with by them, on or before the Closing. The equity pledge created under the Control Documents shall have been completed and duly registered with the competent PRC authorities.
Appears in 2 contracts
Sources: Series a Convertible Preferred Shares Purchase Agreement (Jupai Holdings LTD), Series a Convertible Preferred Shares Purchase Agreement (Jupai Holdings LTD)