We, Duc Toan Company Limited (the "Company") hereby irrevocably UNDERTAKE and COVENANT with Paper Tree Vietnam Company Limited (the "Transferee") to register all transfers of Pledged Equity Interests submitted to the Company pursuant to the due exercise of rights under the Pledge Agreement (as defined below) as soon as practical following the submission of such transfers.
We further undertake with the Transferee that:
(i) before and upon an Event of Default (as set forth in Clause 6.1 of this Pledge Agreement), we will not effect any transfer requested by Mr. Tran Van Vinh and Mr. Luong Kim Chinh and their spouses or any their heirs to any transferee without the Transferee’s prior written consent;