Document:

Technical Support and Consultancy Services Agreement

 Exhibit 10.1 
 TECHNICAL SUPPORT AND CONSULTANCY SERVICES AGREEMENT 
 This Technical Support and Consulting Services Agreement (the
“Agreement”) is entered into as of May 1, 2004 in Beijing, the People’s Republic of China (the “PRC”) between the following two parties: 
 Party A: Beijing Champion Distance Education Technology Co., Ltd., a wholly foreign owned enterprise incorporated in the PRC, with address at Room A-21, China Agriculture University Kemao Building, No.2 Qinghua East
Road, Haidian District, Beijing, with legal representative Zhu Zhengdong and fax number 010-82386679. 
 Party B: Beijing Champion Hi-Tech Co., Ltd., a
limited liability company incorporated and existing under the laws of the PRC, with the address at Room 106 and Room 215, Tower A, Kemao Building, No.2 Qinghua East Road, Haidian District, Beijing, with legal representative Zhu Zhengdong and fax
number 010-62396392. 
 WHEREAS: 
 (1) Party B has the
qualification of engaging in internet information service and on-line long-distance education service; 
 (2) Party A has the advanced experience and
technology in respect of management and operation of long-distance education and internet information service; 
 (3) Party A agrees to provide consulting
and technical service in respect of Party B’s operation of long-distant education and internet information service, and Party B agrees to accept such consulting and technical service; 
 NOW THEREFORE, the parties agree as follows: 
 Article 1. Representations and
Warranties 
 The parties represent and warrant to each other that: 
 1. it has been duly registered and validly existing and requisite right and authorization: 
  

	(1)	to own, rent and operate it asset, and operate the business stated in its business licence and articles of association; and 

  

	(2)	to execute, deliver and perform this Agreement. 

 2. it has take all
necessary action and obtain all the consent, approval, authorization and permit for executing, delivering and performing this Agreement in order to make it have the ability to execute, deliver and perform this Agreement. Besides, the execution,
delivery and performance of this Agreement will not breach: 
  

	(1)	its articles of association; 

	(2)	its obligations under any other agreement; or 

  

	(3)	any current PRC laws 

 In respect further representations and warranties
given by Party B to Party A, they are listed in appendix 1 of this Agreement. 
 Article 2. Consent 
 Party A agrees to provide technical support and consulting service to for the long-distant education and internet information service to Party B in accordance with the
terms and conditions of this Agreement, and Party B agrees to accept such technical and consulting service in accordance with the terms and conditions of this Agreement. 
 Article 3. Content of the Service 
 Party A shall provide to Party B the following technical support and consulting service
for operating long-distant education and internet information service business in accordance with the methods and conditions of this Agreement: 
  

	(1)	general technical service, which is required by Party B for operating long-distant education ad internet information service business (except proprietary technology and patent
technology), including but not limit to: 

  

	 	a.	daily equipment/system maintenance, including preventing virus and unti-hacker to the website server/internal server and computer of the Party B; 

  

	 	b.	coordinating and resolving all the technical problems encountered during the operation of subordinate website of Party B for the purpose of ensure the regular operation of all the
services of the website. 

  

	(2)	proprietary technology and patent technology service required during the development and operation of the business of Party B; 

  

	(3)	rental of equipment necessary for Party B’s operations (see Appendix 3) and providing relevant technical maintenance service; 

  

	(4)	allowing the use by Party B of certain domain names and trademarks (the two parties will enter Trademarks Permit Agreement and Domain Names Using Agreement) ;

  

	(5)	early stage market research/planning, general design of the program for new websites and new training project/business of the Party B; 

  

	(6)	assisting Party B in its business development plans and developing business co-operations with third parties; 

  

	(7)	assisting carry out business analysis, product development, market survey and planning, develop marketing and promotion plans, select agents, establish and implement customer
service system; 

	(8)	development of website support platform and background program, advanced technical support, liaison with business of co-operation partners and testing services;

  

	(9)	providing artwork design, information editing and web-page production for Party B’s websites; 

  

	(10)	producing courseware for long-distance education and training , including recording, editing, production, compilation, updating and maintenance of courseware

  

	(11)	undertaking the production of Study Cards on behalf Party B; and 

  

	(12)	providing training to Party B’s technical staff. 

 Article 4.
Proprietary Technology and Patent Technology Service 
 Within the period of this Agreement, for the business operation of Party B, Party A shall provide to
Party B the permit to using proprietary technology and patent technology. Such proprietary technology and patent technology could be the technology owned by Party A or the technology allowed to be used by Party A and allowed Party A to permit other
person to use. 
 When Party A provides to Party B the proprietary technology and patent technology, they should enter another Proprietary Technology Permit
Agreement and Patent Technology Permit Agreement in respect of the permit to certain technology in accordance with principle formed in this Agreement, but Party A should not charge Party B additional technology permit fee for such technology permit
beyond the technology service fee provided in this Agreement. 
 If the proprietary technology and patent technology provided is not owned by Party A but is
allowed to be used by Party A and allowed Party A to permit other person to use, the Party A should guarantee it has sufficient right and authorization to provide to Party B such technology permit. 
 If the proprietary technology and patent technology is obtained from off shore company, Party A should guarantee the registration or approval procedure in foreign
economic and trade department in respect of such technology in accordance with PRC Administration of Technology Import and Export Regulations. 
 Party B
should use the technology strictly in accordance with the provisions of this Agreement and detailed provisions of the proprietary technology, patent technology permit agreement. 
 In order to make proprietary technology and patent technology to be use in business operation of Party B reasonably and efficiently, Party A should send technical staff to guide the using of the technology and teach
the technical staff of Party B to use the technology. 

 Article 5. Training of the Technical Staff 
 In order to make all the technology provided by Party A to Party B be used in the business operation of Party B efficiently, Party A should provide technical training to technical staff of Party B. 
 The technical training includes regular technical training and specific technical training. 
 Party A should provide to technical staff of Party B regular technical training in order to help technical staff of Party B be able to use the general technology required by long-distance education and internet
information service business. 
 After the provision by Party A to Party B of certain proprietary technology and patent technology, Party A should send
special technical staff to make specific technical training to technical staff of Party B in respect of the use of such proprietary technology and patent technology, in order to guarantee the technical staff of Party B be able to use such
technology. 
 Article 6. Exclusivity Service 
 Party B warrants
and undertakes to Party A that, during the term of this Agreement, Party B should not obtain the same service from any other third party as the service provided by Party A in this Agreement. 
 Article 7. Service Fee 
 The parties agree that Party B shall pay Party A the
technical and consulting service fee adequately and timely at the amount and time of payment noticed by Party A in accordance with the provisions of this Agreement. 
 The detailed information about payment of the technical support and consulting service fee is listed in appendix 2 of this Agreement. 
 Article 8. Financial Support 
 In the afterwards operation and business development of Party B, as requested by Party B,
Party A will consider giving finance assistance to Party B by methods allowed by laws. 
 As for the fund obtained by Party B through financial support,
Party B should use according to the purpose agreed by the parties and accept the supervision and examination of Party A from time to time. 
 Party A will
use the capital raising from IPO to purchase relevant property in PRC and Party B undertakes that it will rent such property as required by operation of the company from Party A in market fare price/ 
 Article 9. Confidentiality 
 For Party A’s unpublished technical
confidential information and business confidential information which is known and touched by Party B through accepting the Party A’s service (the “Confidential Information”), Party B shall not disclose any of such information;
Party B shall not disclose, provide or transfer any Confidential Information to any third party without Party A’s prior written consent. 

 
Upon termination or expiration of this Agreement, Party B shall, at Party A’s requirement, return all and any documents, information or software
contained any of such Confidential Information to Party A or destroy it, delete all of such Confidential Information from any memory devices, and cease to use them. 
 It is agreed that this Article 9 shall survive after any amendment, expiration or termination of this Agreement. 
 Article
10. Intellectual Property 
 Any right, ownership, interest and intellectual property include but not limit to copyright, patent, technical secret, business
secret and others, no matter developed by Party A or by Party B but based on the intellectual property of Party A, Party A will always have exclusive and monopolistic right. 
 For the long-distance education and training courseware produced by Party A for the network platform owned by Party B, Party A shall have the copyright to the long-distance education and training courseware; Party A
agree to allow Party B to use, provide and play such long-distance education and training courseware in its network platform for learning and reading of the registered students. 
 Article 11. Non-competition 
 Party B undertakes that, without Party A’s prior written consent, it will not engage or
operate any business which may become competitive to the business of Party A. 
 Article 12. Transfer of Agreement 
 Any party of this Agreement, otherwise obtaining the other party’s written consent, shall not transfer any rights and obligations under this Agreement to any third
party, but Party A can transfer its rights and obligations under this Agreement to its connected companies without consent of Party B. 
 Article 13. Force
Majeure 
 If any nonperformance or deferred performance of the obligations under this Agreement by a party is because of any force majeure, the party shall
not assume any liability under this Agreement. The force majeure in this Agreement means: 
  

	(1)	disaster event, such as earthquake, act of God, fire etc.; 

  

	(2)	war and political convulsion; 

 (3) any other matters which can not be
attributed to any person and are unforeseeable, unavoidable and insurmountable when signing this Agreement. 
 After the happening of the force majeure
events, if possible, the party affected by force majeure should notice the other party within 

 
five working days. The damages to the other party caused by nonperformance of this notification obligation should be indemnified by the party with failure of
performance. After the event of force majeure, the party affected by force majeure and with failure of performance should resume performance of this Agreement with its best efforts. 
 Article 14. Notices 
 Notices or other communications as provided in this Agreement or required to be given by any party
pursuant to this Agreement shall be delivered by mail, in person (including express mail service) or by fax to the parties’ address or fax number set forth on the first page of this Agreement. If any party’s address or fax number changes,
it should notice the other party in writing within ten days from the changes. 
 Article 15. Infringement Liability 
 The infringement by any party to the declarations warrants and undertakings in this Agreement, or any articles in this Agreement shall constitute breaching of this
Agreement; the breaching party should indemnify the other party fully and adequately. 
 No matter whether the above mentioned indemnity is paid up, it will
not affect the rights enjoyed by Party A in the Share Pledge Agreement executed on 1 May 2004 with Zhu Zhengdong and Yin Baohong respectively. 
 Article 16. Governing Law 
 This Agreement shall be performed and construed in accordance with the PRC laws. 
 Article 17. Settlement of Disputes 
 Any dispute arising from construing or
performance of this Agreement shall be settled through negotiation between parties of this Agreement. If no settlement can be reached within 14 days, each party shall have the right to refer the matter to China International Economic and Trade
Arbitration Commission located in Beijng according to its applicable arbitration rules. 
 Article 18. 
 This Agreement can be amended after written consent of both parties. The parties of this Agreement both agree that, if this Agreement or any articles of this Agreement
may be deemed to be illegal for violating current applicable laws and regulations, the parties of this Agreement will faithfully amend this Agreement or relevant articles. Such difference between the original agreement and the amended agreement
shall necessarily fulfill the validity of this Agreement or relevant articles, and may not incur any damage to the proposed interest of both parties when signing this Agreement. The parties of this Agreement congruously agree that any or any parts
of the articles of this Agreement violating laws will not affect the validity and enforceability of the entire agreement. 

 Article 19. Appendix 
 All
the Appendixes, which are part of this Agreement, shall be of equal effect and force as this Agreement itself. 
 Article 20. Effectiveness 
 This Agreement shall become effective immediately upon signing by the authorized representatives of both parties and remain effective within the term of existence of
Party B. 
 Notwithstanding any stipulations in this Agreement, Party A is entitled to rescind this Agreement by issuing a notice without and compensation to
be paid to Party B. 
 Article 21. Counterparts 
 This Agreement
was signed in 4 originals, each of which will be of equal force and effect. Each Party possesses 2 originals respectively. 
 IN WITNESS WHEREOF, each of the
parties, intending to be legally bound, have caused this Agreement to be signed by its authorized representative on the date first above written. 
 Beijing
Champion Distance Education Technology Co., Ltd. 
  

							
	Authorized Representative (Signature):	 	  
	 		 	
				
	Beijing Champion Hi-Tech Co., Ltd.	 		 		 	
				
	Authorized Representative (Signature):	 	  
	 		 	

 Appendix 1: 
 In
addition, Party B warrants and represents to Party A, inter alia: 
  

	1	not to amend, or supplement the Articles of Association, not to increase or reduce the registered capital of the Company, not to change the composition of the Company’s
registered capital, unless consented by the Party A with prior written notice; 

  

	2	to maintain the existence of the Company, to dispose the business prudently and effectively in accordance with good financial and commercial standards and traditions;

  

	3	not to sale, transfer, mortgage or by any other means, dispose of any interests of its assets, business or revenue of a value which is 3% or more of the Company’s audited
NAV(including the intangible assents) as at the end of its last fiscal year, not to create any security over the same unless consented by the Party A with prior written notice; 

  

	4	not to incur any debt or give any guarantee other than those arising from its day-to-day operations and which is not arising from a loan, or those for which prior consent has been
obtained from Party A; 

  

	5	to manage all its normal operations to keep the value of the assets and refrain from any action or omission harming its management and asset value. 

  

	6	not to enter into any contract with a value which is 3% or more of its audited NAV as at the end of its latest financial year without the prior written consent of Party A;

  

	7	to prepare annual budget for Party A’s approval, such budget to contain information as such projected revenue (projected course participants enrolment and courses to be
offered) specific expenses related to Beijing Champion, working capital needs, pricing policies and payment terms; 

  

	8	to operate its expenses in accordance with the budget approved by Party A, to furnish monthly variance reports to Party A, and to explain the nature of the expense, the reason of
the variance and the benefit to Party B’s business caused by the aforesaid; 

  

	9	any expenses exceeding RMB500,000 and which is not provided for in the budget must be explained to and approved by Party A; 

  

	10	not to provide any loan or advance to any person without the prior written consent of Party A; 

  

	11	to duly provide all the documentaries in connection with the business, management and financial status and report abnormal events to Party A at its request;

	12	to purchase and maintain the insurance(the coverage and types of insurance shall be in accordance with the companies operating the similar business in the same district and owning
the similar properties or assets) from the insurance companies accepted by Party A; 

  

	13	not to enter into any merger with or acquire any corporation or invest in any corporation without the prior written consent of Party A; 

  

	14	not to change its scope of operations or main business without prior written consent of Party A; 

  

	15	to notify Party A immediately when any litigation, arbitration or administrative procedure in connection with the assets, business and revenue of the Company occurs or may occur;

  

	16	to keep the ownership of the Company regarding all its assets, to sign all necessary or appropriate documents, take all necessary or appropriate actions, take all necessary or
appropriate claims, or make necessary or appropriate defenses against all claims. 

  

	17	not to pay any dividends to its shareholders without the prior written consent of Party A, to pay all or part of the payable net profit to the shareholders immediately once required
by Party A; 

  

	18	to engage an auditor approved by Party A and for the auditor to review or investigate the internal controls and business operation of Party B periodically on an annual basis and as
necessary at the request of Party A, to perform unconditionally at the auditor’s comments after such review or investigation; 

  

	19	that Party A shall have the right to implement procedures and controls for Party B’s operations and, to supervise Party B for such procedures and controls and, Party B shall
follow the such instruction unconditionally; 

  

	20	to prepare its financial statements in accordance with the International Financial Reporting Standards or such other accounting standards and practices generally accepted by Party
A; 

  

	21	to comply and perform all the warranties, consents, agreements, representations and conditions, and to indemnify Party A’s all relevant damages incurred due to Party B’s
breach or partial breach of the above. 

 Appendix 2: 
  

	1	Party A and Party B agree congruously that Party A shall provide the technical and consultant service stipulated in this Agreement to Party B from May 1, 2004;

  

	2	Party A shall send the notice regarding the collection of technical and consultant service fees prior to the 15th day of every month according to the content and quantity of the
technical and consultant service in the last month; the amount of such fees are equivalent to the revenue of Party B last month minus the sale cost, operation disbursement (including sale disbursement, management fees, financial fees), other cost
approved by Party A and occurred in this month; 

  

	3	Prior to the notice sent to Party B by Party A regarding the collection of technical and consultant service fees, Party B shall offer the detailed amount and financial statement
about the revenue, sale cost, operation disbursement and other relevant cost occurred in the last month for the review and verification of Party A; 

  

	4	At the end of every season, based on the revenue and profit status ascertained in which in accordance with the International Financial Reporting Standards, Party A is entitled to
raise the suggestions about the adjustment of the amount of technical and consultant service fees and deliver the notice regarding the adjustment to Party B, and Party B shall pay such fees to Party A adequately and timely according to the
requirements as set out in the notice. 

  

	5	The amount of service fees indicated in the notice regarding the collection of technical and consultant service fees sent to Party B by Party A in accordance with this Agreement is
eventual and final. 

 Appendix 3: 
 Party A
agrees to lease the following facilities to Party B for its website operations: 
  

							
	 Number
	 	 Name
	 	 Type
	 	 Quantity

	 1
	 	Server	 	Powererdge 2400P3	 	2
				
	 2
	 	Server	 	Intel 8240XR	 	1
				
	 3
	 	Server	 	Intel CY8240XR	 	1
				
	 4
	 	Server	 	Lianzhi 8221XR	 	1
				
	 5
	 	Server	 	Intel 2201R	 	1
				
	 6
	 	Server	 	Dell PV770N	 	1
				
	 7
	 	Server	 	Intel 2250R	 	1
				
	 8
	 	Server	 	Dell PowerEdge 2650	 	1
				
	 9
	 	Server	 	DELL 2650	 	1
				
	 10
	 	Server	 	DELL 2650	 	1
				
	 11
	 	Server	 	DELL 2650	 	1
				
	 12
	 	Server	 	Intel CY2230R	 	1
				
	 13
	 	Server	 	Intel CY2230R	 	2Equity Pledge Agreement

 Exhibit 10.2 
 Equity Interests Pledge Agreement 
 This Equity Interests Pledge Agreement (the “Agreement”) is entered
into on the day of May 1, 2004 by and between the following parties: 
  

			
	Pledgee:	  	Beijing Champion Distance Education Technology Co., Ltd.
		
	Registered Address:	  	Room A-211, kemao Building, China Agriculture University, No. 2, Tsinghua East Road, Haidian District, Beijing City
		
	Fax Number:	  	010-82386679
		
	Pledgor:	  	Zhu Zheng Dong
		
	ID Card No.:	  	320102196806142439
		
	Address :	  	Room 707, Building No.7, Taiyueyuan Residential community, Haidian District, Beijing City
		
	Fax Number:	  	010-62396392

 WHEREAS, 
  

	1	Zhu Zheng Dong, the Pledgor, is the citizen of the People’s Republic of China (“PRC”). The Pledgor owns 79% of the equity interest in Beijing Champion Hi-Tech Co.,
Ltd., a limited liability company registered in Beijing carrying on internet information service business. 

  

	2	The Pledgee, a wholly foreign-owned company registered in Beijing, PRC, and the Pledgor-owned Beijing Champion Hi-Tech Co., Ltd. enter into Exclusive Technical Consulting and
Services Agreement (the “Service Agreement”) on May 1, 2004. 

  

	3	In order to make sure that the Pledgee collect technical and consulting service fees as normal from Beijing Champion Hi-Tech Co., Ltd., the Pledgor is willing to pledge all its
equity interest in Beijing Champion Hi-Tech Co., Ltd. to the Pledgee as a security for the Pledgee to collect technical and consulting service fees under the Service Agreement. 

 In order to perform the Service Agreement, the Pledgee and the Pledgor through mutual negotiations hereby enter into this Agreement based upon the following terms:

  

	1.	Definitions and Interpretations 

 Unless otherwise provided in this
Agreement, the following terms shall have the following meanings: 
  

	 	1.1	Pledge means the full content of Article 2 hereunder. 

  

	 	1.2	Equity Interest means all its 5% equity interests in Beijing Champion Hi-Tech Co., Ltd. legally held by the Pledgor. 

  

	 	1.3	Rate of Pledge means the ratio between the value of the pledge under this Agreement and the technical and consulting service fees under the Service Agreement.

  

	 	1.4	Term of Pledge means the period provided for under Article 3.2 hereunder. 

  

	 	1.5	Service Agreement means the Exclusive Technical Consulting and Service Agreement entered into by and between Beijing Champion Hi-Tech Co., Ltd. and the Pledgee.

  

	 	1.6	Event of Default means any event in accordance with Article 7 hereunder. 

	 	1.7	Notice of Default means the notice of default issued by the Pledgee in accordance with this Agreement. 

  

	2.	Pledge 

  

	 	2.1	The Pledgor agrees to pledge all its equity interest in Beijing Champion Hi-Tech Co., Ltd. to the Pledgee as guarantee for the technical and consulting service fee payable to the
Pledgee under the Service Agreement. 

  

	 	2.2	Pledge under this Agreement refers to the rights owned by the Pledgee who shall be entitled to have priority in receiving the payment by the evaluation or proceeds from the auction
or sale of the equity interests pledged by the Pledgor to the Pledgee. 

  

	3.	Rate of Pledge and Term of Pledge 

  

	 	3.1	The rate of pledge 

  

	 	3.1.1	The rate of pledge shall be 100%. 

  

	 	3.2	The term of Pledge 

  

	 	3.2.1	The pledge of equity interests under this Agreement shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of
Beijing Champion Hi-Tech Co., Ltd. The term of the Pledge is the same as the term of Service Agreement. 

  

	 	3.2.2	During the term of the Pledge, the Pledgor shall be entitled to dispose of the Pledge in accordance with this Agreement in the event that Beijing Champion Hi-Tech Co., Ltd. fails to
pay technical and consulting service fee in accordance with the Service Agreement or breach any warranty, representation or undertake under the same. 

  

	4.	Physical Possession of Documents of Pledge 

  

	 	4.1	Within the term of Pledge, the capital contribution certificate shall be deposited by the Pledgee. The Pledgor shall delivery its capital contribution certificate, if any, to the
pledgee within a week after the Agreement is signed. 

  

	5.	Warranties and Representations of the Pledgor 

  

	 	5.1	All of Beijing Champion Hi-Tech Co., Ltd’s registered capital to be contributed by the Pledgor has been fully injected, who is the legitimate owner of the equity.

  

	 	5.2	Unless otherwise provided in this Agreement, the Pledgee shall not be intervened by any parties at any time when exercising its rights in accordance with this Agreement as long as
such exercise doesn’t violate the PRC Law. 

  

	 	5.3	Unless otherwise provided in this Agreement, the Pledgee shall be entitled to dispose or assign the pledge in accordance with this Agreement as long as such exercise doesn’t
violate the PRC Law and the Pledgor shall cooperate with the Pledgee unconditionally. 

  

	 	5.4	No Pledge has been created over the equity of the Pledgor to any other person except the Pledgee. 

	6.	Covenant of the Pledgor 

  

	 	6.1	During the term of this Agreement, The Pledgor covenants to the Pledgee to perform its obligations as below and, as the shareholder, to instruct Beijing Champion Hi-Tech Co., Ltd to
perform relevant obligations: 

  

	 	6.1.1	The Pledgor may not assign or otherwise transfer all or any part of its equity or create, or permit the existence of, any pledge that may affect the rights and interests of the
Pledgee, without the prior written consent of the Pledgee unless according to the “Exclusive Purchase Agreement” entered into by the Pledgor, Beijing Champion Hi-Tech Co., Ltd., the Pledgee or its shareholder(s). 

 

	 	6.1.2	The Articles of Association of Beijing Champion Hi-Tech Co., Ltd. shall not be amended, or supplemented, and the registered capital of the Beijing Champion Hi-Tech Co., Ltd. shall
not be increased or reduced, and the composition of Beijing Champion Hi-Tech Co., Ltd’s registered capital shall not be changed otherwise, unless consented by the Pledgee with prior written notice. 

  

	 	6.1.3	Within the Term of Pledge, without the prior written consent of the Pledgee, Beijing Champion Hi-Tech Co., Ltd. may not sell, transfer, mortagage or in any other means, dispose any
interests of assets, business or revenues over 3%(inclusive) of its net assets after audit (including the intangible assets) at the end of the last fiscal year, or permit any Lien to be created over the same. 

  

	 	6.1.4	Without the prior written consent of the Pledgee, Beijing Champion Hi-Tech Co., Ltd. may not undertake, inherit, secure or allow the existence of any debt unless (a)the debt
incurred through normal or daily operations without taking loans or (b)the debt disclosed to and assented to in writing by the Pledgee. 

  

	 	6.1.5	Beijing Champion Hi-Tech Co., Ltd. may not merge, associate with, acquire or invest to any entity without the prior written consent of the Pledgee. 

  

	 	6.1.6	Without the prior written consent of the Pledgee, Beijing Champion Hi-Tech Co., Ltd may not enter into any material contract valued over 3%(inclusive) of its net assets after
audit(including the intangible assets) at the end of the last fiscal year except those for normal operations. 

  

	 	6.1.7	Beijing Champion Hi-Tech Co., Ltd. may not provide any loan or credit to any entity without the prior written consent of the Pledgee. 

  

	 	6.1.8	Without the prior consent of the Pledgee, the business scope and the main business operations of Beijing Champion Hi-Tech Co., Ltd. shall not be changed. 

 

	 	6.1.9	Beijing Champion Hi-Tech Co., Ltd shall manage all its normal operations to keep the value of the assets and refrains from any action or omission harming its management and asset
value. 

	 	6.1.10	To keep the ownership of Beijing Champion Hi-Tech Co., Ltd. regarding all its assets, to sign all necessary or appropriate documents, take all necessary or appropriate actions, take
all necessary or appropriate claims, or make necessary or appropriate defenses against all claims. 

  

	 	6.1.11	Within the term of pledge, Beijing Champion Hi-Tech Co., Ltd. may not distribute any dividend to its shareholders unless consented by the pledge in writing in advance.

  

	 	6.1.12	To comply with and perform all provisions of the laws and regulations in respect of the pledge of right; when receiving notices, instructions or suggestions from relevant authority
in respect of the right of pledge, to show the Pledgee the notice, instruction or suggestion mentioned, and to comply with the notice, instruction or suggestion mentioned or raise objection and make presentation in accordance with reasonable
requirement of the Pledgee or through prior consent by the Pledgee. 

  

	 	6.1.13	To notify the Pledgee in time of any event or received notice that may affect the pledged equity right or any of the equity right, or that may change any warranty or obligation of
the Pledgee under this Agreement, or that may affect the Pledgee’s performing its obligations under this Agreement. 

  

	 	6.1.14	The Pledgor has the knowledge that the realization of the pledge under the Agreement may affect its right for indemnification from Beijing Champion Hi-Tech Co., Ltd. and hereby
waive such right. 

  

	 	6.1.15	Prior to the appointment of directors to Beijing Champion Hi-Tech Co., Ltd. according to the relevant articles, the Pledgor shall consult with the pledgee and make the appointment
with the written consent of the Pledgee. 

  

	 	6.1.16	The Pledgor consent to and guarantee that the Pledgee has the right to appoint accountants to audit or investigate Beijing Champion Hi-Tech Co., Ltd. periodically or at any time and
will guarantee Beijing Champion Hi-Tech Co., Ltd.’s unconditional performance of the management opinions as proposed by the accountants after the audit or investigation in respect of the management and internal control of Beijing Champion
Hi-Tech Co., Ltd. 

  

	 	6.2	The Pledgor consents that the Right of Pledge of the Pledgor under this Agreement shall not be impeded or harmed by any legal proceedings initiated by the Pledgor or its inheritor
or its delegate. 

  

	 	6.3	The Pledgor warrant to the Pledgee that, to protect or perfect the security for the technical advisory fee charges under the Service Agreement as created under this Agreement, the
Pledgor will sign honestly and procure other parties interested in the right of pledge to sign all requisite right certificates and covenants, and/or perform or procure other interested parties to perform other actions required by the Pledgee, and
provide facility to the enforcement of rights and authorization as provided in this Agreement to the Pledgee, sign with the Pledgee or person (natural or legal) designated by it all modification documents to the equity certificate, and provide to
the Pledgee within a reasonable time all notices, order or decisions as deemed necessary by the Pledgee in respect of the right of pledge. 

	 	6.4	For the interests of the Pledgee, the Pledgor hereby guarantees to comply and perform all the warranties, consents, agreements, representation and conditions, and to indemnify the
Pledgee all relevant damages incurred due to Pledge’s breach or partial breach of the above. 

  

	7.	Events of Default 

  

	 	7.1	The following events shall be regarded as the event of default: 

  

	 	7.1.1	Beijing Champion Hi-Tech Co., Ltd. fails to make full payment of the technical and consulting service fees payable as scheduled under the Service Agreement or any other account
payable, or violates any warranty, representation or undertaking; 

  

	 	7.1.2	Any materially misleading and false representation and warranties made by the Pledgor is in violation of Article 5 of this Agreement, and/or any representation and warranties made
by the Pledgor goes against Article 5 of this Agreement. 

  

	 	7.1.3	The Pledgor contravenes the undertakings stated in Article 6 of this Agreement. 

  

	 	7.1.4	The Pledgor abandon or transfer the pledged equity without written consent of the Pledgee but for the appointment as provided for in Section 6.1.1 of this Agreement.

  

	 	7.1.5	Any loan, lien, reimbursement, consent or other debt of the Pledgor, as (a) to be paid in advance or performed due to breach or (b) where due but not paid or performed as
scheduled so that Pledgee deems the Pledgor’s ability to perform the obligations under this Agreement to have been affected. 

  

	 	7.1.6	The Pledgee recognizes the abilities for the Pledgor to fulfill its obligations pursuant to the Agreement to have been influenced due to the disbennifit of the Pledgor’s
property. 

  

	 	7.1.7	The successor or delegate of the Pledgor can only perform partially or refuse to fulfill the obligations under the Service Agreement. 

  

	 	7.1.8	Other situation causing the Pledgee being incapable of performing the Right of Pledge as provided for by the relevant laws. 

  

	 	7.2	The Pledgor shall immediately give a written notice to the Pledgee if the Pledgor is aware of or find that any event under Article 7.1 herein or any events that may result in the
foregoing events have happened. 

  

	 	7.3	Unless the event of default under Article 7.1 herein has been solved to the Pledgee’s satisfaction, the Pledgee, at any time when the event of default happens or thereafter,
may give a written notice of default to the Pledgor that the Pledgee will exercise its right of Pledge in accordance with Article 8 of this Agreement. 

  

	8.	Exercise of the Right of Pledge 

  

	 	8.1	The Pledgor may not transfer its shares without written consent of the Pledgee with the term of validity of this Agreement unless otherwise provided for in clause 6.1.6.

	 	8.2	The Pledgee shall give a notice of default to the Pledgor when the Pledgee exercises the right of pledge. 

  

	 	8.3	Subject to Article 7.3, the Pledgee may exercise the right to dispose the Pledge at any time when the Pledgee gives a notice of default in accordance with Article 7.3 or thereafter.

  

	 	8.4	The Pledgee is entitled to have priority in receiving payment by the evaluation or proceeds from the auction or sale of whole or part of the equity interests pledged herein in
accordance with legal procedure until the outstanding technical and consulting service fees and all other payables under the Service Agreement are repaid. 

  

	 	8.5	The Pledgor shall not hinder the Pledgee from disposing the Pledge in accordance with this Agreement and shall give necessary assistance unconditionally so that the Pledgee could
realize his Pledge. 

  

	9.	Transfer or Assignment 

  

	 	9.1	The Pledgor shall not have the right to donate or transfer its rights and obligations under this Agreement without prior consent of the Pledgee unless otherwise provided for in
clause 6.1.6. 

  

	 	9.2	This Agreement shall be binding upon the Pledgor and its successors and be effective to the Pledgee and his each successor and assignee. 

  

	 	9.3	The Pledgee may transfer or assign all or any rights and obligations under the Service Agreement to its designated party (natural person/legal entity) at any time. In this case, the
assignee shall enjoy and undertake the same rights and obligations herein of the Pledgee as if the assignee is a party hereto. When the Pledgee transfers or assigns the rights and obligations under the Service Agreement, at the request of the
Pledgee, the Pledgor shall execute the relevant agreements and/or documents with respect to such transfer or assignment. 

  

	 	9.4	After the change of Pledgee caused by the transfer or assignment hereof, the new parties of the pledge shall re-execute a pledge contract, which shall not enact lower requirements
for the Pledgor than those in this Agreement. 

  

	10.	Termination 

 This Agreement shall not be terminated until the consulting
service fees under the Service Agreement and other payable are paid off and Beijing Champion Hi-Tech Co., Ltd. will no longer undertake any obligations under the Service Agreement, and the Pledgee shall cancel or terminate this Agreement within
reasonable time as soon as practicable. 
  

	11.	Formalities Fees and other Charges 

  

	 	11.1	The Pledgor shall be responsible for all the fees and actual expenditures in relation to this Agreement including but not limited to legal fees, cost of production, stamp tax and
any other taxes and charges. 

  

	 	11.2	 The Pledgor shall be responsible for all the fees (including but not limited to any taxes, formalities fees, management 

	 	 
fees, litigation fees, attorney’s fees, and various insurance premiums in connection with disposition of Pledge) incurred by the Pledgor for the reason
that (1) the Pledgor fails to pay any payable taxes, fees or charges in accordance with this Agreement; or (2) the Pledgee has recoursed by any means for other reasons. 

  

	12.	Force Majeure 

  

	 	12.1	“Force Majeure event(s)” means any event that goes beyond the reasonable control of one party and is unavoidable even if the affected party pays reasonable attention to
it, including but not limited to government act, natural force, fire, explosion, geographic changes, storm, flood, earthquakes, tides, lightening or wars. However, inadequate credit, funds or finance should not be deemed as beyond one party’s
reasonable control. Any party that is affected by Force Majeure and seeks exemption from obligations under this Agreement shall notify the event to the other party and the steps to be taken. 

  

	 	12.2	Where the Agreement is delayed in or impeded from performance because of any force majeure, in respect of the delay or impediment, the party affected by such event shall not assume
any liability under this Agreement, provided that the party has performed the Agreement in reasonable efforts but the delay or impediment is still unavoidable. In addition, if the cause for such exemption is rectified or remedied, all parties
consent to resuming the performance of this Agreement through best efforts. 

  

	13.	Dispute Resolution 

  

	 	13.1	This Agreement shall be governed by and construed in accordance with the PRC law. 

  

	 	13.2	The parties shall strive to settle any dispute arising from the interpretation or performance, or in connection with this Agreement through friendly consultation. In case no
settlement can be reached through consultation, each party can submit such matter to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration. The arbitration shall follow the current rules of CIETAC, and
the arbitration proceedings shall be conducted in Chinese and shall take place in Beijing. The arbitration award shall be final and binding upon the parties. 

  

	14.	Notice 

  

	 	14.1	Any notice or other message stipulated in this Agreement or in accordance with the same, shall be mail, sent in person (including express mail services) or fax to the receiver
according the address or fax number of the receiver as set out in the front page of this Agreement. If sent in person, it is delivered when the actual delivery is made; if sent in mailing, it is deemed to have been on the 10th day after sending; if
sent in fax, it is delivered when being sent. If the delivery date is not business day or the delivery arrives after business hours of a day, the first following business day is the delivery date. 

  

	15.	Effectiveness 

  

	 	15.1	This agreement and any amendments, modification, supplements, shall be in writing and come into effect upon being executed and sealed by the parties hereto.

	 	15.2	This Agreement is executed in duplicate in Chinese. 

 Pledgee: Beijing
Champion Distance Education Technology Co., Ltd 
  

			
	Authorized Representative:
	
	Pledgor: Zhu Zheng Dong
		
	  
	 	(Signature)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}]]