Common use of Pledge Security Clause in Contracts

Pledge Security. Borrowers hereby undertake that the Loans hereunder shall be only used to repay the loans borrowed for purposes of making equity investment in the Company. Without ▇▇▇▇▇▇’s prior written consent, Borrowers shall not use their equity interest in Beijing Le’An to pledge, assume obligations, create any third party interests, or transfer such equity interest to any third party.

Pledge Security. Borrowers hereby undertake that the Loans hereunder shall be only used to repay the loans borrowed for purposes of making equity investment in the Company. Without ▇▇▇▇▇▇’s prior written consent, Borrowers shall not use their equity interest in Beijing Le’An Jinan LYZX to pledge, assume obligations, create any third party interests, or transfer such equity interest to any third party.