Guo Hui, Male, National ID xxxxxxx.|
Fen Sheng, Male, National ID xxxxxxxx.|
Shenzhen City Moyi Technology Co Ltd (Hereafter “Moyi”) and shareholder with percentage of 70% and 30% respectively.
Technologies Shenzhen Co Ltd, from Shenzhen City, Futian District Registrar of Companies, Company Registration ID xxxxxxxxxxxx.
stock pledge agreement is signed on 15th July 2014 at Shenzhen City Futian District.
B and Moyi signed a exclusive cooperation agreement. To protect its interest, Party A agree to pledge 100% of its holdings in
Moyi to Party B
B agree to accept such stock pledge from Party A
accordance to the Peoples Republic China relevant laws and regulations, the principle of equality and mutual benefit parties to
the agreement, reached through friendly consultations are provided for abide by the following terms:
1: Warranty Obligations
pledge of stock shall ensure Moyi (and or its shareholder) to fulfill its obligations to cooperate with the Party B exclusive
business agreement and related agreements under. In the breach of agreement, Party B has the right to take ownership of the pledged
shares or any other rights derived from law.
property being pledged refers to the 100% stake that both Party A jointly hold in Moyi.
3 Scope of guarantee
agreement shall only be read together with all the other agreements signed between the Parties, including but not excluding, the
exclusive cooperation agreement and interest conferred to Party B
4 Pledgor Representation
pledger is a legitimate holder of the shares and has the right to confer such pledge|
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signing this contract, the pledgor represents that he did not pledge the pledged property
to any third party and this property has not been frozen by a court of law nor does it
have any conditions that might cause an adverse effect to the pledge;|
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with the written prior concert of the pledgee, the pledgor shall not transfer or take
any action that will affect his ownership in the pledged stock.|
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5 Pledge Process and Registration
days within the execution of this agreement, the parties shall go to the Shenzhen City of Companies Registrar Department to process
the stock pledge in accordance to the laws of People Republic of China.
6 Pledged Stock and Transfer
the written consent from Party B, Party A is not allowed to transfer the stock to a third party.
7. This agreement shall be signed by each party, and shall take effect after the signatory and registration of pledge with the
8 Applicable Law
effectiveness, validity, interpretation and performance of this agreement and any dispute arising from this agreement shall be
governed by the laws of the People Republic of China.;
9 Breach of Agreement
the commencement of this agreement, the parties shall implement the obligations stipulated under this agreement. Failure to do
so would be deemed a breach, whether from an individual or as a whole, should be regarded as breach of contract, the breaching
party shall compensate to the non-breaching party any loss arising from the breach.
10 Dispute Resolution
any dispute arising in this contract shall be resolved through friendly consultations first, unsuccessful negotiations, either
party shall have the right to submit the dispute to the South China International Economic and Trade Arbitration Commission ruled
that the place of arbitration is in Shenzhen. The arbitral award is final and binding on the parties.
agreement shall be executed in five. Both Party A and B shall keep a copy, Moyi shall keep a copy and the other copy shall be
used at Company Registrar for the registration of the pledge.
is no text below)
Zhang Guo Hui
Guan Fen Sheng
Moxian Technologies Shenzhen Co Ltd