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质押合同英语中英文对照

AGREEMENT OF SECURITIES PLEDGE

目录

SECTION 1第一条DEFINITION定义

SECTION 2第二条PLEDGE质押

SECTION 3 NATURE OF LOAN AND PLEDGE第三条贷款和抵押的性质

SECTION 4 SCOPE OF PLEDGE AND REDELIVERY OF THE PLEDGED COLLATERAL

第四条承诺抵押品的抵押范围及重新发运

SECTION 5 REPRESENTATIONS AND WARRANTIES 第五条陈述与保证

SECTION 6 AFFIRMATIVE COVENANTS 第六条肯定性条款

SECTION 7 APPOINTMENT OF AGENTS AND ACTIONS BY LENDER

第七条代理人指定及贷方行为

SECTION 8 SALE AND TREATMENT OF PLEDGED COLLATERAL

第八条承诺抵押品的出售及处理

SECTION 9 DIVIDENDS AND VOTING RIGHTS 第九条股息及表决权

SECTION 10 RIGHTS AND REMEDIES第十条权利及赔偿

SECTION 11 APPLICATION OF PROCEEDS OF PLEDGED COLLATERAL IN EVENT OF DEFAULT

第十一条违约情况下承诺抵押品的收益应用

SECTION 12 COMPLIANCE WITH SECURITIES LAWS

第十二条有价证券法律的遵守

SECTION 13 MONETARY RELIEF 第十三条货币补偿

SECTION 14 MISCELLANEOUS 第十四条其他款项

SECTION 1第一条DEFINITION定义

1.1 Use of Defined Terms. Unless otherwise expressly specified herein, defined terms denoting the singular number shall, when in the plural form, denote the plural number of the matter or item to which such defined terms refer, and vice-versa. The Section, Schedule and Exhibit headings used in this Pledge Agreement are descriptive only and shall not affect the construction or meaning of any provisio n of this Agreement. Unless otherwise specified, the words “hereof,” “herein,” “hereunder” and other similar words refer to this Pledge Agreement as a whole and not just to the Section, subsection or clause in which they are used; and the words “this Agreement” refer to this Pledge Agreement. Unless otherwise specified, references to Sections, Recitals, Schedules and Exhibits are references to Sections of, and Recitals, Schedules and Exhibits to this Agreement.

定义术语的使用。除非在此另作明确详细说明,表示单数的定义术语,如果以复数形式出现,则表示此定义术语所指的事宜或事项的复数,反之亦然。本抵押协议中使用的条,附件以及附件标题仅具有描述性,不得对本协议中任何条款的构建和意义造成影响。除非另作说明,“本协议中”,“依据本协议”,“在本协议内”这样的词以及其他类似的词语系指此质押协议的整体,而不仅仅是使用这些词语的节,小节或条;“本协议”这些词系指本抵押协议。除非明确表示另有所指,本协议中在使用节、陈述、附表及证明时,所指涉的均系本协议之节、陈述、附表及证明。

1.2 Statements as to Knowledge. Any statements, representations or warranties which are based upon the knowledge of the Pledgor shall be deemed to have been made after due inquiry with respect to the matter in question.

认知声明。在抵押人认知基础上的任何声明,陈述或保证均应被视为在对所涉及事宜进行正当询问之后做出。

SECTION 2第二条PLEDGE质押

2.1 Pledge by Pledgor. The Pledgor hereby pledges, and assigns to the Lender, and hereby transfers to the Lender all right, title, ownership and interest in and to (all the foregoing herein called the “Pledge”), the following described property hereinafter called the “Pledged Collateral”: the ______ shares of ______ ( ), together with any certificates, whether physical or electronic, evidencing such shares (collectively, the “Pledged Shares”) and all cash, instruments, securities or other property representing a dividend or other distribution on any of the Pledged Shares, or representing a distribution or return of capital upon or in respect of the Pledged Shares, or resulting from a split-up, revision, reclassification or other like change of the Pledged Shares or otherwise received in exchange therefore, and any warrants, rights or options issued to the holders of, or otherwise in respect of, the Pledged Shares, and all proceeds thereof (collectively, the “Pledged Collateral”).

抵押人的抵押。抵押人在此向贷方抵押,转让,转移所有权利,所有权和利息(本协议中所有前述事项均称为“抵押”),以下描述的财产简称为“承诺抵押品”:______的股份,连同任何证明这种股份的物质或电子凭证(统称为“抵押股份”)以及所有现金,工具,有价证券,或者其他代表股息或其他抵押股份任何分配的财产,或者代表根据或有关抵押股份的资金分配或返回,或者由于对抵押股份进行股本分割,修正,重新分类或其他类似改变,或者相反,因此作为交换而接收,以及对持有人发放的任何抵押股份或反之与其有关的保证,权利,或选择,以及本协议中的所有收益(统称“承诺抵押品”)。

SECTION 3 NATURE OF LOAN AND PLEDGE第三条贷款和抵押的性质

3.1 Non-Recourse Loan and Pledge. The Lender agrees, for itself, its representatives, successors and assigns that: (i) neither the Pledgor, nor any representative, successor, assign or affiliate of the Pledgor, shall be personally liable for the Principal Loan Amount; and (ii) the Lender, and any such representative, successor or assignee, shall look only to the property identified in this Pledge Agreement for payment of the Obligations and will not make any claim or institute any action or

proceeding against the Pledgor, or any representatives, successors, assigns or affiliate of the Pledgor, for any deficiency remaining after collection upon the Pledged Collateral, except as provided below.

无追索权贷款及抵押。贷方为自己,其代表,继承人及受让人,同意:(1)抵押人,或者抵押人的任何代表,继承人,受让人或附属者中任何一方不得个人对主要贷款金额负责;(2)贷方,以及任何代表,继承人或受托人仅能将本抵押协议中定义的财产作为支付债务,不得以获得承诺抵押品后仍有任何损失为由向抵押人,或者抵押人的任何代表,继承人,受让人或附属者提出任何索赔,采取任何行动或起诉,除非有下述情况。

Provided, however, notwithstanding the foregoing, the Pledgor is and will remain personally liable for any deficiency remaining after collection of the Pledges Collateral to the extent of any loss suffered by Lender, or its representatives, successors, endorsees or assigns, is caused by Pledgor based in whole or in part upon damages arising from any fraud, misrepresentations or the breach

of any representation, warranty or agreement in the Loan Documents.

尽管如前述事项,但如果抵押人个人正在并保持对获得承诺抵押品之后依然存在的任何贷方,或者其代表,继承人,被背书人或受让人蒙受的任何程度的损失负责,及任何由抵押人对陈述,保证或贷款文件中的协议进行任何欺骗,歪曲引起的整体或部分损失。

SECTION 4 SCOPE OF PLEDGE AND REDELIVERY OF THE PLEDGED COLLATERAL

第四条承诺抵押品的抵押范围及重新发运

4.1 Pledge Absolute. The Pledgor hereby agrees that this Pledge Agreement shall be binding upon the Pledgor and that the Pledge of the Pledged Collateral hereunder shall be binding upon the Pledgor and that the Pledge of the Pledged Collateral hereunder shall be irrevocable and unconditional, irrespective of the validity, legality or enforceability of the Loan Agreement and

any other Loan Document, even in the absence of any action to enforce the same, the waiver or consent by the Lender with respect to any provision thereof, or any action to enforce the same or any other similar circumstances. The Pledgor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Pledgor, any

notice to require a proceeding first against the Pledgor or any other Person, protest or notice with respect to indebtedness evidenced hereby and all demands whatsoever, and covenants that this Agreement will remain in full force and effect so long as any Obligations under the Loan Agreement remains unpaid.

绝对承诺。抵押人在此同意本抵押协议对抵押人构成约束,在本协议内对抵押品的承诺应对抵押人构成约束,本协议内对抵押品的承诺应为不可撤销,无条件的,不论贷款协议或者其他贷款文件的有效性,合法性和强制性,甚至无论任何相同行为的执行,贷方有关协议中的任何条款的弃权或同意,或者执行任何相同或类似情况的行为。在此,如果抵押人面对并购和破产,对抵押人或者其他人首先提出诉讼要求的任何通知,与协议中证实的债务相关的声明及通知,以所有要求,将放弃在法庭上的注意程度,陈述,支付索取和索赔的提出,保证本协议保持完全有效,并且在贷款协议下尚有任何未偿还债务时均保持有效。

4.2 Termination and Redelivery of the Pledged Collateral. This Agreement shall terminate when all of the Pledgor’s Obligations have been paid in full. Within five business days of the Pledgor’s satisfaction of the Obligations, the Lender shall reassign all right, title, ownership and interest in identical securities, as described in IRC § 1058 to the Pledgor and redeliver the Pledged Collateral, without recourse or warranty, at the sole expense of the Lender. The Lender shall also deliver appropriate instruments of reassignment and release. Provided, however, that this Agreement shall be reinstated if any payment in respect of the Obligations is rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be restored or returned by the Lender for any reason, including without limitation by reason of the insolvency or bankruptcy of the Pledgor or any other person. For the purpose of this Pledge Agreement and the Loan Documents, a return of identical securities means a return of the Pledged Shares as modified as a result of any split-up, revision, reclassification or other like change of the Pledged Shares. Any cash or shares tendered to buy down the Loan due to the occurrence of an Event of Default are not subject to redelivery and do not become part of the Pledged Collateral.

协议终止及承诺抵押品的重新发运。本协议于抵押人所有债务完全付清之后终止。在抵押人付清债务的五个工作日内,贷方应如IRC §1058中的描述向抵押人重新分配相同有价证券中的一切权利,所有权和利益,无追索权或保证的情况下重新运送承诺抵押品,费用仅由

贷方支付。贷方也应采取适当方法,重新转让和让与。然而,如任何有关债务的支付被撤销,失效,宣告具有欺骗性,偏颇或相反被贷方以任何理由要求恢复或退回,包括抵押人因资不抵债或破产或其他无限制的任何原因,则本协议应得到重申。在本抵押协议及贷款文件中,相同有价证券的退回意味着以抵押股份的任何股本分割,重新修改,重新分类或其他类似改变为由依照修改退回抵押股份。任何购买因发生违约贷款偿付的现金或股份均不受制于重新发运,也不会变成承诺抵押品的一部分。

4.3 Risk of Loss. This Pledge Agreement and the Loan Documents are not intended to, nor do they, reduce the risk of loss or opportunity for gain for either the Pledgor or Lender, as transferor of the shares, at any given time, in the securities transferred. See, IRC § 1058(b) (3). The Pledgor, as transferor of the securities (specifically, the Pledged Collateral), retains all opportunity for gain or loss on the securities over the term of the Agreement and at its maturity and termination.

损失风险。本抵押协议以及所有贷款文件无打算,也并不会在任何特定时间作为股份转让人降低抵押人或贷方中任何一方在转移的有价证券中的损失风险或者收益机会。请见IRC §1058(b) (3)。作为有价证券(特别是承诺抵押品)的转移者,抵押人根据协议条款,以及在到期和终止时保留有价证券的一切收益或损失的机会。

SECTION 5 REPRESENTATIONS AND WARRANTIES 第五条陈述与保证

5.1 Representations and Warranties. The Pledgor hereby represents and warrants as follows:

陈述与保证。抵押人在此做出如下陈述和保证:

(a) The Pledgor has legal title to the Pledged Shares and is the sole record and beneficial owner of the Pledged Shares. The Pledgor has good and lawful authority to Pledge all of the Pledged Shares in the manner hereby done or contemplated. The Pledged Shares are not now subject to any Liens, security interests, charges or encumbrances of any kind or nature. The Pledged Shares are not subject to any contractual statutory or regulatory or other restriction upon the transfer thereof, and no right, warrant or option to acquire any of the Pledged Shares exists in favor of any other Person.

抵押人对抵押股份拥有法定权利,是抵押股份的唯一记录和收益所有人。抵押人拥有良好及合法权威以协议内完成或预期的手段来保证所有抵押股份。抵押股份目前不受制于任何扣留,抵押权益,费用或任何性质或种类的财产留置权。抵押股份不受制于任何契约的,法定或规定或协议中对转移的其他限制,不得存在有利于任何其他方的任何取得抵押股份的权利,保证或选择。

(b) The Pledged Shares are freely tradable and transferable securities and do not bear any restrictive legend. No authorizations, approvals and consents, and no filings or registrations with any governmental or regulatory authority or agency or any other Person are necessary for the execution, delivery or performance by the Pledgor of this Agreement or for the validity or enforceability hereof.

抵押股份系可以自由买卖和转让的有价证券,不具有任何限制性说明。本协议中抵押人的执行,交付或行为或本协议的有效性或可执行性不需要任何授权,批准或同意,不需要向任何政府或管理机构,代理或任何其他方存档或注册。

(c) The execution, delivery and performance of this Agreement by the Pledgor, the Pledge of the Pledged Collateral pursuant hereto and the incurrence and performance of the obligations provided for herein will not (1) violate any law or regulation applicable to the Pledgor or any of its assets, (2) violate or constitute (with due notice or lapse of time or both) a default under any provision of any indenture, agreement, license or other instrument to which the Pledgor is a party or by which

he or any of his properties may be bound or affected, (3) violate any order of any court, tribunal or governmental agency binding upon the Pledgor or any of its properties or (4) result in the creation or imposition of any lien or encumbrance of any nature whatsoever upon any assets or revenues of the Pledgor.

抵押人对此协议的执行,交付或行为,根据本协议对抵押品的承诺以及本协议规定的义务履行将不会(1) 与适用于抵押人或其任何资产的法律或规定相悖,(2)触犯任何契约,协议,许可或其他抵押人作为一方的工具或者其或其任何财产可能受约束或影响下的任何条款或

导致(得到到期通知或时效终止或双方)违约。(3)与抵押人或其任何财产构成约束的任

何法庭,裁决或政府机构的命令相悖,或者(4)导致对抵押人的任何资产或收益构成或施加任何性质的任何留置权。

(d) The Pledgor is not in violation of any applicable United States federal or state applicable law or regulation, or in default with respect to any order, writ, injunction or decree of any court, or in default under any order, license, regulation or demand of any governmental agency, which violation or default could affect the validity or enforceability of this Agreement or any related document or prevent the Pledgor from performing any of his obligations hereunder or under any related documents.

抵押人不得违反任何适用与美国联邦或适用于州的法律或法规,或者对任何法庭的任何有关命令,法令,劝告或判决构成违约,或者对任何政府机构下的命令,许可,法规或要求构成违约,其违反或违约会对本协议或任何相关文件的有效性或可执行性造成影响,或对抵押人履行其在本协议或任何相关文件内的义务构成阻碍。

(e) if any additional item of collateral other than the Pledged Shares is pledged hereunder, the Pledgor represents and warrants that additional collateral is subject to and conforms to the aforementioned representations and warranties, § 5.1(a)–(d) herein.

如果不包括抵押股份的抵押品的任何附加项在协议下做出承诺,则抵押人需表示及保证附加的抵押品受制于及遵照前述的声明及保证,见本协议的§5.1(a)–(d)。

(f) Any information, schedules, exhibits and reports furnished by the Pledgor to the Lender in connection with the negotiation and preparation of this Agreement did not contain any omissions or misstatements of fact which would make the statements contained therein misleading or incomplete in any material respect.

任何由抵押人向贷方提供的与本协议的协商和准备有关的信息,附表,附件和报告不包含使对本协议内文件造成误导或不完整的事实省略和误述。

(g) This Agreement constitutes the legal, valid and binding obligation of the Pledgor, enforceable against the Pledgor in accordance with its terms.

本协议对抵押人构成法定,有效,约束力的义务,可根据条款对抵押人进行执行。

SECTION 6 AFFIRMATIVE COVENANTS 第六条肯定性条款

6.1 Title and Liens. The Pledgor hereby agrees that, unless the Lender shall otherwise agree in writing, until the payment in full of the Obligations the Pledgor (i) shall defend its title to the Pledged Collateral against all claims and demands whatsoever that are adverse to the Lender, (ii) shall not create, incur, assume or suffer to exist any Liens, security interests, charges or encumbrances of any kind or nature (other than those created hereunder) in any Pledged Collateral and (iii) shall not sell, assign, transfer, exchange or otherwise dispose of, or grant any option or other right with respect to, any Pledged Shares. The Pledgor shall, upon demand of the Lender, do the following: furnish further assurances of title, execute any written agreement or do any other act(s) necessary to effectuate the purposes and provisions of this Pledge Agreement, execute any instrument, document or statement required by law or otherwise in order to perfect, continue or preserve the interests of the Lender in the Pledged Collateral and pay all filing or other costs incurred in connection therewith.

权利及留置权。抵押人在此同意,除非贷方以书面形式另外表示同意,在完全付清债务之前,抵押人(1)应维护其对于承诺抵押品的权利,对反对贷方的任何索赔和要求。(2)不得制造,引起,假定或蒙受以存在任何承诺抵押品中的任何留置权,抵押权益,费用或任何种类或性质的财产留置权(不包括那些在本协议内制造的),(3) 不得出售,转让,转移,交换或另外处理或授予与任何抵押股份相关的任何选择或其他权利。抵押人应当在贷方要求下做出如下:提供权利的保证,执行任何书面协议或其他任何实行本抵押协议目的和条款的必要行为,使用任何法律或另外要求的手段,文件或声明以完善,继续或保留贷方在承诺抵押品中的利益,支付随后所有相关的诉讼提出或其他费用。

6.2 Perfection of Interest. Upon the Lender’s request the Pledgor will make, execute, acknowledge and deliver, and file and record in the proper filing and recording places, all such instruments (including, without limitation, duly executed blank stock powers and other instruments of transfer or assignment satisfactory in form and substance to the Lender), and take all such action, as the Lender may reasonably deem necessary or advisable to carry out the intent and purpose of this

Pledge Agreement and to establish and maintain in favor of the Lender a valid and enforceable interest in the Pledged Collateral and that are superior and prior to the rights and interests of all other persons or entities.

利益的完善。在贷方提出要求时,抵押人将在恰当的归档和记载地方制造,执行,承认,交付,归档和记载一切这种文件(包括无限制按时执行股票转让授权书及其他在形式和实质上让贷方满意的转移或转让工具),采取所有诸如贷方合理视为必要或明智的行为将本抵押协议的意图和目的付诸行动,建立并保持承诺抵押品中有利于贷方的有效而可行,优越于及优先于所有其他个人及实体权益的利益。

SECTION 7 APPOINTMENT OF AGENTS AND ACTIONS BY LENDER

第七条代理人指定及贷方行为

7.1 Lender’s Appointment of Agent and Lender’s Rights. The Lender shall have the right to appoint one or more agents for the purpose of receiving possession of the certificates representing or evidencing the Pledged Collateral, which may be held in the name of the Lender or any nominee of the Lender or any agent appointed by the Lender. In addition to all other rights possessed by the Lender, the Lender may, at the Lender’s sole discretion and witho ut notice to the Pledgor, take any or all of the following actions: (a) sell some or all of the Pledged Collateral and take control of any proceeds from the sale of the Pledged Collateral; and (b) exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations for any purpose consistent with its rights under this Pledge Agreement. All powers of the Lender under this Section 7 shall be in addition to, and not supersede or replace, the rights of the Lender under Section 8 hereof and the rights of the Lender under the Loan Documents.

贷方指定代理人及贷方的权利。贷方应当有以接收代表或证明承诺抵押品证件所有权为目的而指定一个及多个代理人的权利,将保留在贷方或贷方指定的任何人或贷方指定的任何代理的名义下。除了贷方拥有的所有其他权利之外,贷方可以全权处理,在不通知抵押人的情况下采取下述任何或全部行动:(1) 出售一些或全部承诺抵押品,掌握承诺抵押品中获得的任何收益;(2) 以与本抵押协议中规定的权利一致的任何目的交换证件或代表或证明承诺抵押

品的工具或者面值更小或更大的工具。第七条规定下贷方的所有权利应补充,代替或取代本协议中第八条规定下贷方的权利,以及贷款文件下贷方的权利。

SECTION 8 SALE AND TREATMENT OF PLEDGED COLLATERAL

第八条承诺抵押品的出售及处理

8.1 Authority and Right to Sell and Buy Pledged Collateral. The Pledgor acknowledges that the Lender has the absolute right to sell and buy any or all of the Pledged Collateral during the term of the Loan and this Agreement. However, the Lender shall be under no obligation to sell or otherwise dispose of any Pledged Collateral or to cause any Pledged Collateral to be sold or otherwise disposed of. In the event of a diminution in the fair market value of the Pledged Collateral, the failure of the Lender to dispose of the Collateral shall under no circumstances be deemed a failure to exercise reasonable care in the custody or preservation of the Pledged Collateral. Any such sale or other disposition of any Pledged Collateral shall be deemed to be commercially reasonable under the Uniform Commercial Code, fully authorized and approved by the Pledgor pursuant to this Pledge Agreement and the Loan Documents, and otherwise proper in all respects.

出售和购买承诺抵押品的权威和权利。抵押人承认贷方有在贷款和协议期间出售和购买任意或所有承诺抵押品的绝对权利。然而,贷方不得有义务出售或另外处理任何承诺抵押品或导致任何承诺抵押品被销售或另外被处理。如果出现承诺抵押品的公平市价降低,贷方处理抵押品失败在任何情况下不得被视为未对承诺抵押品进行合理精心的保管或保护。任何这种出售或对任何承诺抵押品的其他处理应根据统一商法规定被视为商业上的合理,根据本抵押协议及其贷款文件完全被授权及批准,在各个方面另为适当。

8.2 Actions by Lender. Pledgor further acknowledges and agrees that as long as the Loan Principal Amount or the Obligations remain due and outstanding, Lender may take any and all actions with respect to the Pledged Collateral as the Lender, in its sole and absolute discretion, may deem to be advisable, including, without limitation, selling and buying some or all of the Pledged Collateral, utilizing the Pledged Collateral as a part of hedging transactions, transferring the Pledged Collateral within or among one or more depositary accounts, and creating and trading derivative

instruments that are backed, in whole or in part, by the Pledged Collateral. Lender is under no obligation to sequester, hold, retain or escrow the Pledged Collateral in any manner, nor keep it apart from any other assets of Lender, and Lender may combine the Pledged Collateral, in whole or in part, with any other assets.

贷方的行动。抵押人进一步承认并同意只要贷款本金或债务依然应付且贷款未偿,则贷方可以采取任何或所有关于承诺抵押品的行动,因为可以绝对全权处理的贷方可被视为适当的,包括无限制出售及购买一些或所有的承诺抵押品,将承诺抵押品用作对冲交易的一部分,在一个或多个保管账户中转让承诺抵押品,创造或交易由承诺抵押品整体或部分担保的衍生工具。贷方无义务以任何方式扣押,保留,留存或第三方托管承诺抵押品,也不得将其与贷方的其他任何资产分割开来,贷方可以将承诺抵押品与其他任何资产进行整体或部分合并。

8.3 No Obligation to Apply Money or Funds Received in Respect to the Use of Pledged Collateral. Notwithstanding Section 9-207 of the UCC, Lender has no obligation to apply money or funds received in respect of the sale, pledge, assignment, investment, use, or other disposition of any Pledged Collateral to reduce the Loan Principal Amount, the Obligations, or any other obligation under the Loan Agreement.

无申请有关承诺抵押品使用的货币或资金接收的义务。虽有统一商法第9-207条的规定,贷方没有义务申请有关出售,抵押,转让,投资,使用或者对任何承诺抵押品的其他处理的货币或资金接收,以降低贷款本金,债务或贷款协议规定的其他任何义务。

8.4 Rights Under Uniform Commercial Code. In addition to the rights and remedies granted to the Lender in this Pledge Agreement and in any other instrument or agreement securing, evidencing

or relating to any of the Obligations, the Lender shall have all the rights and remedies of a secured party under the Uniform Commercial Code. The Lender shall have the right in its sole discretion

to determine which rights, security, liens, guaranties or remedies it shall retain, pursue, release, subordinate, modify or enforce, without in any way modifying, affecting or diminishing any of the other of them or any of the Lender’s rights hereunder.

统一商法内规定的权利。除了本抵押协议及任何其他保护,证明或与任何债务有关的工具内授予贷方的权利和补偿外,贷方应具有统一商法规定的有担保方的所有权利和补偿。贷方应

有全权处理并决定保留,追求,让与,服从,修改或执行何种权利,保证,留置权,担保或补偿的权利,而不以任何方式修改,影响或减少其中其他任何一项或者协议内贷方的任何权利。

SECTION 9 DIVIDENDS AND VOTING RIGHTS 第九条股息及表决权

9.1 Dividends, Interest and Other Distributions. The Pledgor, as the transferor of the stock, shall receive from EFH a payment or credit against interest due of an amount equivalent to all interest dividends and other distributions which the beneficial owner of those securities is entitled to receive during the period of the loan which ends with the transfer of identical securities back to the Pledgor when all outstanding principal, interest and other amounts due under the Agreement are paid and all obligations of the Pledgor are extinguished. See, IRC § 1058(b)(2) (hereinafter referred to as the “Dividend Amount”).

股息,利息及其他分配。作为股票转让者的抵押人,应当从EFH收到支付或对到期利息的贷款,数额与那些有价证券的受益所有人有权在贷款期间接受的所有股息利息和其他分配相等,当所有未偿付的资本,利息及其他在协议内的到期金额已经支付及抵押人所有债务付清时,贷款以将相同的有价证券转回抵押人告终。请见See, IRC §1058(b)(2) (以下简称“股息数额”)

(a) The Dividend Amount shall be first credited against any interest due and unpaid for the quarter which is unpaid and accruing at the time the Dividend Amount is actually paid out to shareholders. To the extent the Dividend Amount is less than the quarterly interest payment owed by the Pledgor, the Pledgor shall remain obligated to pay the net amount of interest due to the Lender.

股息数额应首先对任何到期及本季度未付而股息数额被实际向股东支付时增长的利息放贷。如股息数额少于抵押人所有的季度利息支付数额,则抵押人应继续有义务支付应付给贷方的净额利息。

(b) To the extent the Dividend Amount exceeds the quarterly interest payment owed by the Pledgor after first crediting the Dividend Amount against any interest due and unpaid for the

quarter as described in Section 9.1(a) above, the Lender shall so notify the Pledgor in writing and pay, in due course, any excess remaining after crediting the Dividend Amount to the Pledgor.

如果如9.1(a)条中的描述,股息数额在首次对任何到期及季度未付利息放贷后超过抵押人所有的季度利息支付数额,贷方则应以书面通知抵押人,并及时向支付向抵押人股息数额放贷后剩余的任何超额。

Voting Rights and Powers. All voting or other such consensual rights and powers transfer to the Lender. The Lender will not exercise any voting or other such consensual rights or powers under the terms of this Agreement.

表决权利及权力。所有表决或此种双方自愿的权利和权力均转移到贷方。在本协议的条款下,贷方不得执行任何表决或其他这种双方自愿的权利或权力。

SECTION 10 RIGHTS AND REMEDIES第十条权利及赔偿

10.1 Rights Upon Default. Upon the occurrence of an Event of Default under the Loan Agreement or under the Pledge Agreement which remains uncured, the Obligations, together with any accrued and unpaid interest thereon, shall be immediately due and payable without notice or demand, presentment, or protest, all of which are hereby expressly waived.

根据违约的权利。在未生效的贷款协议或者抵押协议内发生违约情况,则债务以及随之而来的任何应计的未偿还利息应立即到期,无需通知或要求,陈述,或者声明,这些在本协议中均可明确放弃。

At any time after the occurrence of an Event of Default which remains uncured, Lender may exercise the rights and remedies afforded to it under the Loan Agreement, which rights and remedies are herein incorporated by reference. To the extend the Lender has not already done so, under Section 8 the Lender may sell or otherwise dispose of the Pledged Collateral as the Lender’s own property. Pledgor agrees that Lender may or may not proceed, as it determines in its sole discretion, with any or all rights, benefits, and remedies which it may have against Pledgor and in regard to the Pledged Collateral.

任何时候如发生违约而尚未处理,贷方可行使贷款协议下赋予其的权利及补偿,权利及补偿以引用方式包含在本协议内。如贷方尚未做出如此行为,则根据第八条,贷方可出售或另外将承诺抵押品处理为贷方自己的财产。抵押人同意贷方有权全权决定继续或不继续对抵押人及有关承诺抵押品的任何或所有权利,利益及补偿。

SECTION 11 APPLICATION OF PROCEEDS OF PLEDGED COLLATERAL IN EVENT OF DEFAULT

第十一条违约情况下承诺抵押品的收益应用

11.1 Application of Proceeds of Collateral Upon Sale. In the event of a default, the Lender shall apply the proceeds of the sale of any Pledged Collateral held by the Lender at the time that the Lender chooses to exercise its rights in an event of default as follows:

申请抵押品出售的收益。如有违约,贷方应该申请当时贷方持有的任何承诺抵押品的出售利益,如有违约则贷方选择做出如下行使权利的行为:

(i) first, if applicable, to the payment to or reimbursement of Lender for any fees and expenses for which it is entitled to be paid or reimbursed pursuant to the Loan Documents;

首先,如果根据贷款文件规定,适用于贷方有权被支付或偿还的任何费用和开销的支付或偿还

(ii) second, if applicable, to the interest compounding at the Default Rate;

其次,如果适用于在违约日期的复利息;

(iii) third, to the payment of any accrued and unpaid interest due under the Loan Agreement; and

第三,适用于贷款协议下的任何累积及未付的到期利息;

(iv) fourth, to such use as the Lender may elect (it being understood that Lender shall have no obligation to credit such payment to principal except to the extent that principal is due).

第四,贷方可选择这种用途(被解读为贷方不得有义务对此资本付款进行放贷,除非资本已到期)。

This Section 11.1 does not modif y or supersede the Lender’s rights under Section 8 of this Pledge Agreement to sell any or all of the Pledged Collateral during the term of the Loan or otherwise take actions with respect to the Pledged Collateral nor does it require that the Lender apply the proceeds of the sale of any Pledged Collateral that may occur during the term of the Loan to reduce the Loan Principal Amount or any other Obligation.

第11.1条并不对本抵押协议中第八条内贷方在贷款期间出售任意或全部承诺抵押品或另外采取有关承诺抵押品的行动的权利进行修改或取代,也并不要求贷方申请在贷款期间出售任何承诺抵押品可能得到的收益,以减少贷款本金或任何其他债务。

SECTION 12 COMPLIANCE WITH SECURITIES LAWS

第十二条有价证券法律的遵守

12.1 Covenants by Pledgor. The Pledgor agrees to do or cause to be done all such other acts and things as may be necessary to make any sale or disposition of any portion or all of the Pledged Shares by the Lender hereunder valid and binding and in compliance with any and all applicable securities laws and regulations, orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental instrumentalities, domestic or foreign, having jurisdiction over any such sale or sales or dispositions, all at the Pledgor’s sole expense. The Pledgor further agrees that a breach of any of the covenants contained in this Section 12 will cause irreparable injury to the Lender, that the Lender has no adequate remedy at law in respect of such breach and agrees that each and every covenant contained in this Section 12 shall be specifically enforceable against the Pledgor, and the Pledgor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants, except for a defense that all of the Obligations have been paid in full or that the Lender has released the Pledged Shares.

抵押人的条款。抵押人同意或接受做出因贷方据协议有效,有约束力,符合任何或所有国内外对任何此种出售或处置有司法权的法庭,仲裁人或政府机构的任何及所有可行的有价证券

法律,法规,命令,法令,指令,判决或任何出售或处置任何部分或全部抵押股份必要的其他行为或事宜,费用均由抵押人支付。抵押人进一步同意,如违反第十二条中所含的任何条款将对贷方造成不可挽回的损失,因为贷方不享有法律上对此违反的足够补偿,并同意第十二条中包含的每一条款均应对抵押人详细实施,抵押人在此放弃并同意不对此条款具体履行的行为提出任何维护,除非对债务完全还清行为的维护,或者贷方发行抵押股份。

SECTION 13 MONETARY RELIEF 第十三条货币补偿

13.3 Arbitrations seeking monetary relief less than $100,000.00 in the aggregate will be held within the federal judicial district encompassing the city where Pledgor resides or is located. Arbitrations seeking monetary relief of $100,000.00 or more in the aggregate will be held in Indianapolis, Indiana.

寻求总额在100,000.00美元以下经济补偿的仲裁将在包括抵押人居住或所在城市的联邦司法区内举行。寻求总额在100,000.00美元及以上经济补偿的仲裁将在印第安纳州的印第安纳波利斯(印第安纳州首府)举行。

13.4 Lender will pay up to $2,500.00 in fees charged by the arbitration administrator for Claim(s) asserted by Pledgor in the arbitration, after Pledgor has paid an amount equivalent to the fee, if any, had such Claim(s) been filed in state or federal court (whichever is less) in the judicial district in which Pledgor resides or is located.

贷方将向仲裁管理员支付2,500.00美元的抵押人索赔费用,在抵押人支付与费用相等的数额之后,如果有这些数额,并将这种索赔上诉到抵押人居住或所在司法区的州立或联邦法院(以较少者为准)。

13.5 THIS AGREEMENT IS FULLY BINDING IN THE EVENT THAT A CLASS ACTION OR SIMILAR LAWSUIT IS FILED IN WHICH PLEDGOR WOULD BE A CLASS REPRESENTATIVE OR MEMBER. PLEDGOR AND LENDER AGREE THAT THERE SHALL BE NO CLASS OR CONSOLIDATED ARBITRATION OF ANY CLAIM. FURTHERMORE, CLAIMS BROUGHT BY OR ON BEHALF OF OTHER PLEDGORS MAY NOT BE CONSOLIDATED WITH OR ARBITRATED IN ANY ARBITRATION

PROCEEDING THAT IS CONSIDERING PLEDGOR’S CLAIMS UNLESS SAID OTH ER PLEDGORS ARE PARTIES TO THE SAME LOAN AGREEMENT. SIMILARLY, PLEDGOR MAY NOT JOIN WITH OTHER PLEDGORS TO BRING CLAIMS IN THE SAME ARBITRATION PROCEEDING UNLESS ALL OF SUCH OTHER PLEDGORS ARE PARTY TO THE SAME LOAN TRANSACTION.

本协议对抵押人作为集体代表或成员的集体起诉或类似起诉完全有约束力。抵押人和贷方同意不得有对任何索赔进行团体仲裁或合并仲裁。而且,其他抵押人要求的或者代表其他抵押人的索赔不得合并入合并抵押人索赔的任何仲裁诉讼或在合并抵押人索赔的任何仲裁诉讼中得到仲裁,除非上述的其他抵押人为同一贷款协议的各方。类似,抵押人不得参与其他抵押人在同一仲裁诉讼进行索赔,除非这些其他抵押人均为同一贷款交易的各方。

SECTION 14 MISCELLANEOUS 第十四条其他款项

14.1 No Subrogation. Notwithstanding any payment or payments made by the Pledgor hereunder, the receipt of any amounts by the Lender with respect to the Pledged Collateral or any setoff or application of funds of the Pledgor by the Lender, the Pledgor shall not be entitled to be subrogated to any of the rights of the Lender.

无债权转移。尽管本协议内有的规定,尽管协议中抵押人已做出任何支付或付款,贷方收据的有关承诺抵押品或贷方向抵押人提出的任何扣除或资金申请的任何数额,抵押人不得有权被转移贷方的任何权利。

14.2 No Waiver; Cumulative Remedies. No course of dealing between the Pledgor and the Lender, no failure on the part of the Lender to exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right, power or remedy by the Lender preclude any other or further exercise thereof or the exercise of any other right, power or remedy. All remedies hereunder are cumulative and not exclusive of any other remedies provided by law, including without limitation the rights and remedies of a secured party under the Uniform Commercial Code.

无弃权;累积补偿。本协议中抵押人和贷方间的交易过程,贷方方面行使失败,行使任何权利,权力或补偿的延误均不得处理为放弃本协议;贷方的任何阻碍其他,单独或部分行使任何权利,权力或补偿或进一步行使协议中的活任何其他权利,权力或补偿均不得视为放弃本协议。所有协议内的补偿均为累积性,包括法律规定的其他任何补偿,包括统一商法规定的被担保方无限制的权利和补偿。

14.3 Addresses for Notices. All notices, requests, demands, instructions, directions and other communications provided for hereunder shall be in writing and shall be mailed (by registered or certified mail, postage prepaid) or delivered to the applicable party at the address specified for

such party on the first page of this Agreement or, as to any party, to such other address as such party shall specify by a notice in writing to the other party hereto. Each notice, request, demand, instruction, direction or other communication provided for hereunder shall be deemed delivered (i) if by mail, five business days after being deposited in the mail, addressed to the applicable party at its address set forth above, (ii) if by hand or by overnight courier, when delivered to the applicable party at such address.

通知的地址。本协议内提供的一切通知,请求,要求,说明,指令及其他通信应以书面形式并被邮寄(用挂号信或保证邮件,邮资预付)或邮寄到本协议第一页中此适用方的详细地址,或任何一方对于此方以书面形式通知本协议中的另一方的其他住址。协议中提供的每份通知,请求,要求,说明,指令及其他通信应被视为已经送达(i) 如果用邮寄,则以按上述使用方地址投递到邮箱的五个工作日后为准,(ii) 如果人工或快递,则以寄送到使用方的上述地址为准。

14.4 Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render such provision unenforceable in any other jurisdiction.

可分割性。本协议内在任何司法权下被禁止或不可执行的任何条款将为无效,就其在这种司法权下的禁止和不可执行而言,不造成本协议内剩余条款失效。任何司法权下引起的条款禁止和不可执行不得使这种条款在其他任何司法权下失效或不可执行。

14.5 Further Assurances. The Pledgor agrees to do such further reasonable acts and things, and to execute and deliver such additional conveyances, assignments, agreements and instruments, as the Lender may at any time request in connection with the administration or enforcement of this Pledge Agreement in order better to assure and confirm unto the Lender rights, powers and remedies hereunder. The Pledgor hereby consents and agrees that any registrar or transfer agent for any of the Pledged Collateral shall be entitled to accept the provisions hereof as conclusive evidence of the right of the Lender to effect any sale or transfer notwithstanding any other notice or direction to the contrary given by the Pledgor.

进一步保证。抵押人同意在贷方为更好保证,确认协议内贷方的权利,权力和补偿而在任何时间对本协议的施事和执行提出相关要求时进一步做出合理行为和事项,行使并送达附加的财产转让证书,转让,协议或工具。抵押人在此赞成并同意任何承诺抵押品的任何登记员或转让登记代理人应有权接受作为贷方权利决定性证据的本协议内的条款以执行任何出售或转让,尽管抵押人另作其他任何通知或指示。

14.6 Binding Agreement; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Pledgor may not and shall not assign this Agreement or any interest herein or in the Pledged Collateral or any part thereof, or otherwise pledge, encumber or grant any option with respect to the Pledged Collateral or any part thereof, without the prior written consent of the Lender. The Lender may assign this Agreement and its rights and remedies hereunder in whole or in part to any assignee of the Obligations or any portion thereof.

具约束力的协议;转让。本协议应对协议中各方利益及各自的继承人及受让人构成约束和保障,除非抵押人不转让本协议或者协议中或承诺抵押品或其任何一部分的任何利益,或者在贷方做出书面同意之前另外保证,产权负担或授予与承诺抵押品相关的或其任何部分的任何

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welcome[]vt. & n. 欢迎;a. 受欢迎的 offer[]vt. & n. 提供;贡献 be about to[](不久)就要,即将 training[]n. 训练;培养 program[]n. 规划;(教学)大纲 general[]a. 一般的,普遍的 basic[]a. 基本的,基础的 course[]n. 课程;过程;疗程 biology[]n. 生物学devote[]vt. 贡献medical[]a. 医学的,医药的 anatomy[]n. 解剖学;解剖physiology[]n. 生理学biochemistry[]n. 生物化学 term[]n. 学期;期限;术语 internal[]a. 内服的;内部的 surgery[]n. 外科学,外科 and so on[]等等,诸如此类 clinical[]a. 临床的have to[]不得不,只好in addition[]另外follow-up[]a. & n. 接着的,后续的 advanced[]a. 高级的;先进的 besides[]ad. 此外;prep. 除…之外qualified[]a. 合格的campus[]n. 校园

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welcome[]vt、& n、欢迎;a、受欢迎得offer[]vt、& n、提供;贡献 be about to[](不久)就要,即将 training[]n、训练;培养 program[]n、规划;(教学)大纲 general[]a、一般得,普遍得 basic[]a、基本得,基础得 course[]n、课程;过程;疗程 biology[]n、生物学 devote[]vt、贡献 medical[]a、医学得,医药得 anatomy[]n、解剖学;解剖 physiology[]n、生理学 biochemistry[]n、生物化学 term[]n、学期;期限;术语 internal[]a、内服得;内部得 surgery[]n、外科学,外科 and so on[]等等,诸如此类 clinical[]a、临床得 have to[]不得不,只好 in addition[]另外 follow-up[]a、& n、接着得,后续得advanced[]a、高级得;先进得 besides[]ad、此外;prep、除…之外qualified[]a、合格得 campus[]n、校园 storey[]n、层(楼) collection[]n、收集,收藏 central[]a、中心得,中央得 laboratory[]n、实验室,研究室dormitory[]n、宿舍 altogether[]ad、总共 treat[]vt、治疗;处理;对待 divide[]vt、分;隔开 speciality[]n、专业;特征 department[]n、科室;系;学部traditional[]a、传统得 affiliate[]vt、使…加入;使附于 out-patient[]n、门珍病人 in-patient[]n、住院病人 emergency[]n、紧急情况 emergency room[]急诊室 timely[]a、及时得;合时得 available[]a、可取得得;可用得round the clock[]全天二十四小时consult[]vt、请教;瞧病;查阅consulting room[]诊室 complaint[]n、疾病;主诉;抱怨ward[]n、病房 surgical[]a、外科得 pediatric[]a、儿科得 intensive[]a、加强得;集中得intensive care unit[]监护抢救小组(室) separate[]a、单独得;分离得separate、、、from、、、[]把…分开section[]n、(组织)部分 x-ray[]n、x射线 pharmacy[]n、药房;药学 sterilize[]vt、消毒;使…断种instrument[]n、器械;仪器 store[]vt、& n、储藏;店铺 in store for[]贮藏以备… bank[]n、库;银行;河岸 blood[]血库 transfusion[]n、输血;注入 staff[]n、工作人员(全体) medical staff[]医务人员 make up[]v、组成;决定;配制 be made up of[]由…组成 operator[]n、话务员;技术员operate[]vi、& vt、运转;开动engage[]vt、使从事于,使忙于put、、、through to、、、[]接通(电话)…go on[]进行;继续 preparation[]n、准备;制备;制剂perform[]vt、执行;施行;演出acute[]a、急性得;尖锐得appendicitis[]n、阑尾炎immediately[]ad、即刻,立即 rib[]n、肋骨 fracture[]vt、使折断;n、骨折arrange[]vt、安排;布置 arrange for[]为…作准备(安排) arrangement[]n、安排;布置;筹备right away[]立刻 by the way[]顺便 type[]n、类型;典型;榜样anesthesia[]n、麻醉

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