Document:

Exhibit 10.65

 

Power of Attorney 

 

Shareholder: Jianguo Xue (“Pledgor”) 

 

Attorney-in-fact: Beijing Ambow Chuangying
Education Technology Co., Ltd. (“Ambow Chuangying”) 

 

In accordance with the Share Pledge Agreement
executed by Jianguo Xue on June 29, 2017(“Pledge Agreement”), by executing this power of attorney (the “POA”),
the Pledgor hereby appoints Ambow Chuangying as his attorney-in-fact (“Attorney-in-fact”) to (i) attend the shareholder
meetings of Beijing Ambow Shida Education Technology Co., Ltd. (“Ambow Shida”)
and exercise all voting rights to which the Pledgor is entitled as a shareholder of Ambow Shida, including without limitation selling,
transferring, pledging, or disposing of all or any part of the Pledgor’s equity interest; (ii) sign any resolutions adopted
by the Board of Ambow Shida and any other documents requiring to be signed by the shareholders of Ambow Shida ; and (iii) nominate
and appoint the legal representative, executive director and/or director, supervisor, general manager and other senior management
personnel of Ambow Shida as the Pledgor’s authorized representative. 

 

The Attorney-in-fact shall act in good faith
for the purpose of maximizing the value of the Pledged Equity (as defined in the Pledge Agreement), and its acts shall be in compliance
with applicable Chinese laws and regulations in all respects. Any act performed by and any document executed by the Attorney-in-fact
hereunder shall be deemed the act performed by or the document executed by the Pledgor. 

 

This POA shall come into effect upon the date
of execution. Unless terminated as agreed, this POA shall be irrevocable and remain effective during the Term of Pledge (as defined
in the Pledge Agreement).  

 

	 	By:	/s/
	 	 	Jianguo Xue
	 	 	 
	 	Date:	June 29, 2017

 

     

     

    

 

Power of Attorney 

 

Shareholder: Xuejun Xie (“Pledgor”)

 

Attorney-in-fact: Beijing Ambow Chuangying
Education Technology Co., Ltd. (“Ambow Chuangying”) 

 

In accordance with the Share Pledge Agreement
executed by Xuejun Xie on June 29, 2017 (“Pledge Agreement”), by executing this power of attorney (the “POA”),
the Pledgor hereby appoints Ambow Chuangying as his attorney-in-fact (“Attorney-in-fact”) to (i) attend the shareholder
meetings of Beijing Ambow Shida Education Technology Co., Ltd. (“Ambow Shida”)
and exercise all voting rights to which the Pledgor is entitled as a shareholder of Ambow Shida , including without limitation
selling, transferring, pledging, or disposing of all or any part of the Pledgor’s equity interest; (ii) sign any resolutions
adopted by the Board of Ambow Shida and any other documents requiring to be signed by the shareholders of Ambow Shida; and (iii)
nominate and appoint the legal representative, executive director and/or director, supervisor, general manager and other senior
management personnel of Ambow Shida as the Pledgor’s authorized representative. 

 

The Attorney-in-fact shall act in good faith
for the purpose of maximizing the value of the Pledged Equity (as defined in the Pledge Agreement), and its acts shall be in compliance
with applicable Chinese laws and regulations in all respects. Any act performed by and any document executed by the Attorney-in-fact
hereunder shall be deemed the act performed by or the document executed by the Pledgor. 

 

This POA shall come into effect upon the date
of execution. Unless terminated as agreed, this POA shall be irrevocable and remain effective during the Term of Pledge (as defined
in the Pledge Agreement).  

 

	 	By:	/s/
	 	 	Xuejun Xie
	 	 	 
	 	Date:	June 29, 2017Exhibit 10.66

 

Loan Agreement

 

This Loan Agreement
(this “Agreement”) is entered into by the following parties (the “Parties”) on June 29, 2017 in
the People’s Republic of China (“PRC”):  

 

Lender: Beijing
Ambow Chuangying Education Technology Co., Ltd. 

Address: Room
A1803,18th Floor,, No.18 North Taipingzhuang Road, Haidian District, Beijing 100088, People’s Republic of China. 

Contact: Jiaren
Chen 

 

Borrowers:
Xuejun Xie and Jianguo Xue  

 

(Xuejun Xie and
Jianguo Xue are hereinafter collectively referred to as “Borrowers”) 

 

WHEREAS: 

 

(1)      Beijing
Ambow Shida Education and Technology Co., Ltd. (the “Domestic Company”) is a domestic enterprise lawfully established
under the laws of China, with a registered capital of RMB 300 million, of which RMB 270 million is contributed by
Xuejun Xie, representing 90 % equity interest in the Domestic Company; RMB 30 million is contributed by Jianguo Xue,
representing 10 % equity interest in the Domestic Company; 

 

(2)      Lender
is a wholly-owned foreign enterprise established in China (“Lender”); 

 

Through friendly
consultations and in the spirit of equality and mutual benefits, the Parties agree as follows: 

 

1.        Loan
 

 

1.1      Lender
agrees to provide a loan to Xuejun Xie, the principal of which amounts to RMB 270 million thousand; and to provide a loan
to Jianguo Xue, the principal of which amounts to RMB 30 million (collectively “Loans”). 

 

1.2      Borrowers
agree to accept the aforementioned Loans provided to them respectively by Lender and assume responsibilities in connection with
their respective share in the Loans.  

 

1.3      The Parties
agree that the Loans under this Agreement shall bear no interest. 

 

2.        Pledge
Security  

 

Borrowers hereby
undertake that the Loans hereunder shall be only used to repay the loans borrowed for purposes of making equity investment in the
Domestic Company. Without Lender’s prior written consent, Borrowers shall not use their equity interest in the Domestic Company
to pledge, assume obligations, create any third party interests, or transfer such equity interest to any third party. 

 

     

     

    

 

3.        Repayment
 

 

3.1      Borrowers
and Lender hereby mutually agree and acknowledge that, to the extent permitted by the PRC laws, Lender shall determine at its sole
discretion the timing and method of the repayment of the loan hereunder and notify Borrowers in writing of such arrangements seven
(7) days in advance. Borrowers and Lender further agree that Borrowers shall not early repay the loan to Lender unless Lender notifies
Borrowers in writing that the Loans hereunder have expired or as otherwise provided herein. 

 

3.2      The Parties
agree that, subject to the PRC laws and necessary approvals of the PRC government (if applicable), if Borrowers transfer all or
part of their equity interest in the Domestic Company to Lender or a third party designated by Lender in accordance with the provisions
of the Call Option Agreement entered into between Borrowers and Lender on the even date herewith (including any amendments thereafter),
the loan that the Borrower shall repay to Lender under this Agreement and is equivalent in amount to the price of the transferred
equity interest (“Price of Transferred Shares”, as defined below) shall be deemed repaid. For the purposes of this
Section, the Price of Transferred Shares shall be calculated as follows: Price of Transferred Shares = Total Amount of Loans x
(Number of Transferred Shares/Total Number of Shares).  

 

3.3      If the
offset of the Price of Transferred Shares provided in Section 3.2 above is not allowed under applicable PRC laws, Borrowers shall
use all the proceeds from the sale of all the equity interest they have in the Domestic Company to repay the debt hereunder. After
the payment of all the proceeds they receive to Lender (applicable taxes and fees deducted), Borrowers’ Loans hereunder shall
be deemed fully repaid.  

 

3.4      Borrowers
and Lender hereby mutually agree and acknowledge that, under any of the following circumstances, Borrowers shall repay the loan
immediately:  

 

(1)      Borrowers
are dead, or have no legal capacity or restricted legal capacity; 

 

(2)      Borrowers
resign or are dismissed from Lender or an affiliate of Lender; 

 

(3)      Borrowers
commit a crime or are involved in a crime;  

 

(4)      Any other
third party claims against Borrowers for payment of any debt above RMB 100,000. 

 

4.        Representations
and Warranties  

 

4.1      Borrowers
make the following representations and warranties to Lender and acknowledge that Lender executes and performs this Agreement in
reliance on such representations and warranties:  

 

(1)      The Domestic
Company is a limited liability company duly incorporated and existing under the PRC laws. Its registered capital has been fully
paid in. It has obtained the capital verification report issued by a qualified accounting firm showing that the capital has been
paid in full;  

 

(2)      The Domestic
Company has completed and obtained all government approvals, authorizations, licenses, registrations and filings necessary to operate
the businesses specified in its business license and to own its assets; 

 

     

     

    

 

(3)      Borrowers
lawfully hold 100% equity interest in the Domestic Company, of which Xuejun Xie holds 90 % and Jianguo Xue holds 10 %.

 

(4)      Borrowers
have the right to execute and perform this Agreement; Borrower’s execution and performance of this Agreement are in compliance
with the articles of association and other constitution documents of the Domestic Company; Borrowers have obtained all necessary
and appropriate approvals and authorizations to execute and perform this Agreement. 

 

(5)      Borrowers’
execution and performance of this Agreement shall not violate any laws, regulations, or government approvals, authorizations, notices
or other government documents which they are subject to or may be affected, nor shall such execution and performance violate any
agreements entered into by Borrowers with any third party or any undertakings made to any third party; 

 

(6)      Upon execution,
this Agreement shall constitute lawful, valid obligations that may be enforced against Borrowers according to law. 

 

(7)      Except
as provided in the Pledge Agreement and the Call Option Agreement, Borrowers do not place any mortgage, pledge or any other security
on the equity interest it holds in the Domestic Company, do not make any offer to transfer such equity interest to any third party,
do not make any warranties as to any offer of any third party to acquire such equity interest, and do not enter into any agreement
with any third party in connection with the transfer of the equity interest that Borrowers hold in the Domestic Company; 

 

(8)      There
is no actual or potential dispute, lawsuit, arbitration, administrative proceedings or any other legal proceedings relating to
the equity interest that Borrowers holds in the Domestic Company. 

 

4.2      ender
makes the following representations and warranties to Borrowers: 

 

(1)      It will
execute and perform this Agreement within its corporate power and business scope; it has taken necessary corporate actions and
appropriate authorizations and obtained consents and approvals from third parties and government departments, and it will not violate
any legal and contractual restrictions which it is subject to or may be affected; 

 

(2)      Upon execution,
this Agreement shall constitute lawful, valid and binding obligations that may be enforced against Lender in accordance with the
terms hereof.  

 

5.       Borrowers’
Undertakings  

 

5.1      Borrowers
undertake that, during the term of this Agreement, they shall: 

 

(1)      not sell,
transfer, pledge or otherwise dispose of, or allow any other security interest to be created on the equity interest or other interests
they hold in the Domestic Company other than the equity pledge and other rights created for the benefit of Lender; 

 

     

     

    

 

(2)      not vote
to agree at any shareholders’ meetings of the Domestic Company or support or sign any shareholders’ resolutions that
approve the sale, transfer, pledge or disposal of the legal and beneficial interests in the equity interest of the Domestic Company,
or allow any other security interest to be created on such interests without Lender’s prior written consent, other than to
Lender or a person designated by Lender;  

 

(3)      not vote
to agree at any shareholders’ meetings of the Domestic Company or support or sign any shareholders’ resolutions that
approve the Domestic Company’s merger or affiliation with any company or the acquisition of or investment in any company
without Lender’s prior written consent;  

 

(4)      notify
Lender immediately of any action, arbitration or administrative proceedings in relation to the equity interest in Domestic Company
that have occurred or may occur;  

 

(5)      execute
all necessary or proper documents, take all necessary or proper actions, and bring in all necessary or proper indictments or make
necessary or proper defenses against all claims in order to maintain their ownership of the equity interest in the Domestic Company;
 

 

(6)      not commit
any act or omission that may significantly affect the Domestic Company’s assets, business and liabilities without Lender’s
prior written consent;  

 

(7)      appoint
any person nominated by Lender as the Board member of the Domestic Company at the request of Lender; 

 

(8)      immediately
and unconditionally transfer all of their equity interest in the Domestic Company to Lender and/or a person designated by Lender
subject to and to the extent permitted by the PRC laws in the event that Lender exercises the Call Option set forth herein; 

 

(9)      not request
the Domestic Company to distribute dividends or profits to them without Lender’s consent; 

 

(10)    repay
Lender all equity transfer proceeds as the principal of the Loan and the interest or the cost of occupied funds permitted under
the laws as soon as they transfer the equity interest in Domestic Company to Lender or a person designated by Lender; and 

 

(11)    strictly
comply with various provisions hereof, duly perform all their obligations hereunder, and not commit any act or omission that is
sufficient to affect the validity and enforceability of this Agreement. 

 

5.2      Borrowers
undertake that, during the term of this Agreement, as the shareholders of the Domestic Company, they shall cause the Domestic Company:
 

 

(1)      not to supplement, alter or modify its
constitutional documents in any way, or increase or decrease

its registered
capital, or change its capital structure in any way without Lender’s prior written consent; 

 

(2)      to maintain
its existence in accordance with good financial and business standards and practice, and operate its business and handle its affairs
diligently and efficiently;  

 

(3)      not to
sell, transfer, pledge or otherwise dispose of its lawful or beneficial interest in any assets, business or income at any time
from the date hereof, or allow any other secure interest to be created on such interest without Lender’s prior written consent;
 

 

     

     

    

 

(4)      not to
incur, assume, guarantee or allow the existence of any obligations without Lender’s prior written consent, other than (i)
any obligations arising during the ordinary course of business rather than by means of loans and (ii) any obligations that have
been disclosed to and approved by Lender;  

 

(5)      to operate
all its business during the ordinary course of business all the time to maintain its asset value; 

 

(6)      not to
enter into any material contract (for the purposes of this paragraph, if a contract’s value is more than RMB 1 million, it
shall be deemed as a material contract) without Lender’s prior written consent except during the ordinary course of business;
 

 

(7)      to provide
Lender with all information about its operations and financial conditions at the request of Lender; 

 

(8)      not to
merge or affiliate with any company or acquire or invest in any company without Lender’s prior written consent; 

 

(9)      not to
distribute dividends to shareholders without Lender’s prior written consent, and to immediately distribute all of its distributable
profits to its shareholders at the request of Lender;  

 

(10)    to notify
Lender immediately of any action, arbitration or administrative proceedings in relation to its assets, business and revenue that
have occurred or may occur;  

 

(11)    to execute
all necessary or proper documents, take all necessary or proper actions, and bring in all necessary or proper indictments or make
necessary or proper defenses against all claims in order to maintain its ownership of all of its assets; and 

 

(12)    to strictly
comply with the service agreement and other agreements entered into with any affiliate of Lender, duly perform all its obligations
under the service agreement and other agreements, and not to commit any act or omission that is sufficient to affect the validity
and enforceability of the service agreement and other agreements. 

 

6.        Breach
 

 

Where Borrowers
fail to repay Lender the Loans in accordance with this Agreement, Borrowers shall pay Lender overdue interest at a daily rate of
0.01% for any loan which is due and payable but has not been repaid. 

 

7.        Effectiveness
and Termination  

 

This Agreement
shall come into effect from the date of execution by the Parties and terminate after Borrowers fully repay the Loans under this
Agreement.  

 

     

     

    

 

8.        Confidentiality
 

 

8.1      Either
Party agrees to use its best endeavors to take all reasonable measures to keep confidential all confidential materials and information
that is known to or accessed by it by means of disclosure by the other Party (“Confidential Information”). Without
the disclosing Party’s prior written consent, the receiving Party shall not disclose, give or transfer any such Confidential
Information to any third party. Upon termination of this Agreement, the receiving Party shall return to the disclosing Party or
destroy any documents, materials or software that may contain the Confidential Information at the disclosing Party’s request,
and delete any confidential information from any relevant memory devices, and shall not continue to use such Confidential Information.
 

 

8.2      The Parties
agree that this Section shall survive regardless of whether this Agreement is altered, terminated or expired. 

 

9.        Notices
 

 

9.1      Any notices
or other communications given by either Party as required hereunder shall be written in Chinese, and sent to the other Party’s
address by personal delivery, or generally accepted courier service or facsimile. 

 

9.2      If the
notices are sent by personal delivery, they shall be deemed as effectively given on the date of delivery; if they are sent by facsimile,
they shall be deemed as effectively given on the day following the date of facsimile transmission; if they are sent by courier,
they shall be deemed effectively given on the day shown on the return receipt. 

 

10.     Governing
Law and Dispute Resolution  

 

10.1    This
Agreement shall be governed by and construed in accordance with the PRC laws. 

 

10.2    If any
dispute arises between the Parties in connection with the interpretation and performance of the terms hereof, the Parties shall
negotiate in good faith to resolve such dispute. If no agreement can be reached, either Party may submit such dispute to the China
International Economic and Trade Arbitration Commission for arbitration in accordance with its then effective arbitration rules.
The arbitration shall be held in Chinese in Beijing. The award of the arbitration shall be final and binding on both Parties. 

 

10.3    Except
the matters in dispute, the Parties shall continue to perform their respective obligations hereunder in good faith in accordance
with the provisions hereof.  

 

11.     Miscellaneous
 

 

11.1    Any amendment
and supplement to this Agreement shall be made by written agreement duly signed by the Parties. Any signed amendment and supplement
constitutes a part of this Agreement and shall have the same force and effect as this Agreement. 

 

11.2    Borrowers
shall not assign their rights and obligations hereunder to any third party without Lender’s prior written consent. 

 

11.3    If any
provisions hereof are deemed unlawful or unenforceable under applicable laws, such provisions shall be deemed deleted from
this Agreement and invalid. However, this Agreement shall remain effective and shall be deemed not having such provisions
from the beginning. The Parties shall discuss with each other to replace the deleted provisions
with lawful and valid provisions that are acceptable to Lender.  

 

     

     

    

 

IN WITNESS WHEREOF,
the authorized representatives of the Parties have executed this Agreement on the date first above written. 

 

Beijing Ambow Chuangying Education Technology Co., Ltd.

 

	Authorized Representative:  	/s/	 

 

	Xuejun Xie	 
	 	 	 
	Signature: 	/s/	 
	 	 	 
	Jianguo Xue	 
	 	 	 
	Signature: 	/s/

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