Equity Pledge Contract
This equity pledge contract (“Contract”) is made by the following parties in Beijing, China on April 13，2021:
Party A: Beijing Bohu Xiangshang Technology Co.,LTD., having its registered address at Xxxx 000, 0xx xxxxx, Xxxxxxxx Xxxxxxxx, XX.0 building, XX. 00 Xxx Xxxx Xxxx Xxxxxx Xxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxx, Xxxxx (“Pledgee”);
Party B: the shareholders set forth in Exhibit 2 (List of Shareholders of Beijing Xiangshang Rongke Technology and Development Co., Ltd) attached hereto (collectively as “Pledgors”); and
Party C: Beijing Xiangshang Rongke Technology and Development Co., Ltd, a limited liability company incorporated according to the laws of China, having its uniform social code 91110105397574386P, and its domicile at 005A-5319, Xxxxxxxx X, Xx. 00X, Xxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx.
For purpose hereof, each of Party A, Party B and Party C is hereinafter referred to individually as a “Party”, and collectively as the “Parties”.
Party C is a limited liability company registered in Yinchuan City, Ningxia Province, China. The Pledgors hold 100% equity in Party C.
The Pledgee is a limited liability company duly incorporated and validly existing according to the laws of China. The Pledgee and Party C entered into a series of Transaction Documents (as defined below) on June 7, 2018 and the signing date of this contract;
To guarantee that Party C and the Pledgors will perform the obligations under the Transaction Documents, the Pledgors create a pledge over 100% equity in Party C in favor of the Pledgee;
Party C acknowledges the rights and obligations of the Pledgors and the Pledgee hereunder, and agrees to provide any assistance required for registration of the pledge.
Therefore, the Parties agree to enter into this Contract as follows:
Unless this Contract stipulates otherwise, the terms below shall have the following meanings:
1.1“Pledge” means the security interest created by the Pledgors in favor of the Pledgee according to Clause 2 hereof, that is the right of the Pledgee to be first