Common use of Pledgor’s Obligations Clause in Contracts

Pledgor’s Obligations. 4.1 The Pledgor shall cause the Company to (i) record the names of the Pledgees in all share certificates representing the Subject Shares as the pledgees of the Subject Shares and deliver the same to the Pledgees and (ii) record the names and addresses of the Pledgees in the shareholders registry of the Company as the pledgees of the Subject Shares and deliver a certified copy of such shareholders registry to the Pledgees. 4.2 The Pledgor shall do all such acts as may be reasonably necessary in order for the Pledgees to be able to enforce the pledge over the Subject Shares without any further consent, authorization or action by the Pledgor, including, but not limited to, executing and delivering to the Pledgees the consent or any other document necessary for disposal of the Subject Shares. 4.3 The Pledgor shall do all such acts as may be necessary to preserve the Pledge of the Subject Shares including, causing the Company to indicate in its shareholder’s registry that all of the Subject Shares have been pledged to the Pledgees and to ensure that such indication is not removed, except with the prior consent of the Pledgees. The Pledgor shall not assign, transfer, sell, further pledge or otherwise encumber the Subject Shares except as provided herein.