(a) Until all of Pledgor`s obligations under the obligation and this pledging agreement are fully fulfilled, all warranties will continue to be mortgaged under this pledging agreement. If Pledgor pays the principal amount of the Bond in whole or in part in advance, the portion of the shares for which such a down payment would represent the purchase price pursuant to the Contract of Sale (the “Paid Shares”) will be treated as independent security for the remaining balance of the Bond, in order to commence the holding period provided for in Rule 144(d) of the Securities and Exchange Commission with respect to other shares acquired with the obligation. Noting that at all times except several months, the defendant held in his possession or control a sufficient number of shares of the same nature and nature for a period of approximately ten years and that the deeds of the deposit holder were not fraudulent; that, after the payment of $5,000 on invoice, the pledge creditor never offered to pay the balance of the bond or to demand the return of the pledge or the cancellation of the pledge, and signed renewal notes, although, as the court did find, he knew that the originally mortgaged shares had been transferred, we cannot say, legally, this conclusion is wrong. 5.4 Appointment of the Pledge Holder. The lender thus appoints the issuer`s secretary or agent as a “secured creditor” in order to accept and retain the collateral on its behalf. In order to secure the Borrower`s ability to meet the Borrower`s obligations under this Agreement, the Borrower, together with the provision of this Agreement, shall deliver to the Creditor the Share Certificate constituting the Shares, together with a duly executed empty assignment, separate from the Certificate of such Certificate, such documents to be mortgaged as collateral (the “Deposit”). 1.1 Cash Advance. As security for the borrower`s repayment of the amounts payable under the Bond, the borrower transfers to the lender two million eight hundred thousand five hundred (2,812,500) Class A shares of PayPal, Inc. (the Issuer) as security and pledge to the lender as described in Section 5. [1a] The testimony of the accused Klatt and the witness Whitmore, secretary of the Société des Ponts, as well as the forty-two exhibitions, essentially form the basis of the Court`s conclusions, which follow the facts rather carefully and are therefore accepted, notwithstanding the fact that the applicant refers to certain evidence from which it is possible to draw a contrary conclusion. (Bristol Estate, 23 Cal.

2d 221 [143 p.2d 689]) The two judges found that the accused had at all times, except for a short period in 1928, 20,000 shares of the American Toll Bridge Company, of the same nature and nature, which could have been delivered to the plaintiff at any time after the payment of his debt. The court expressly stated that “the defendant has at no time agreed to hold or not to sell these shares, except in the case of enforcement [65 Cal. App. 2d 514] of pledging, or of failing to act or do anything it could do to assist the applicant in preserving those actions. The applicant did not have or had the greatest trust, confidence or confidence during this period or until 27 July 1936. . The defendant did not cause the transfer of the applicant`s 20,000 shares or any part thereof, either fraudulently or without the applicant`s knowledge or knowledge, on 2 June 1927 or at any other time. In none of the cases referred to in paragraph VI of the applicant`s second amended claim did the defendant sell any of the claimant`s shares, except that only 2,625 of those shares were untnowingly sold by the defendant from 5 to 12 September 1928, for which the defendant received a total of $3,675. . . .