Document:

Exhibit 4.43

 

Power of Attorney

 

Shareholder: Xuejun Xie (“Pledgor”)

 

Attorney-in-fact: Beijing BoheLe Science
and Technology Co. Ltd. (“Beijing BoheLe”)

 

In accordance with the Share Pledge Agreement
executed by Xuejun Xie on June 15, 2020 (“Pledge Agreement”), by executing this power of attorney (the “POA”),
the Pledgor hereby appoints Beijing BoheLe as her attorney-in-fact (“Attorney-in-fact”) to (i) attend the shareholder
meetings of Beijing Ambow Shida Education Technology Co., Ltd. (“Shida Ambow”) and exercise all voting rights to which
the Pledgor is entitled as a shareholder of Shida Ambow, 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 Shida Ambow and any
other documents requiring to be signed by the shareholders of Shida Ambow; and (iii) nominate and appoint the legal representative,
executive director and/or director, supervisor, general manager and other senior management personnel of Shida Ambow 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 15, 2020

     

     

    

Power of Attorney

 

Shareholder: Jianguo Xue (“Pledgor”)

 

Attorney-in-fact: Beijing BoheLe Science
and Technology Co. Ltd. (“Beijing BoheLe”)

 

In accordance with the Share Pledge Agreement
executed by Jianguo Xue on June 15, 2020 (“Pledge Agreement”), by executing this power of attorney (the “POA”),
the Pledgor hereby appoints Beijing BoheLe as his attorney-in-fact (“Attorney-in-fact”) to (i) attend the shareholder
meetings of Beijing Ambow Shida Education Technology Co., Ltd. (“Shida Ambow”) and exercise all voting rights to which
the Pledgor is entitled as a shareholder of Shida Ambow, 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 Shida Ambow and any
other documents requiring to be signed by the shareholders of Shida Ambow; and (iii) nominate and appoint the legal representative,
executive director and/or director, supervisor, general manager and other senior management personnel of Shida Ambow 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 15, 2020Exhibit 4.44

 

Loan Agreement 

 

This Loan Agreement (this “Agreement”)
is entered into by the following parties (the “Parties”) on June 15, 2020 in the People’s Republic of China (“China”):

 

Lender: Beijing BoheLe Science and
Technology Co. Ltd.

Address: Room 1210, 12/F, Tower 1, Courtyard
54, Shijingshan Road, Shijingshan District, Beijing, China

 

Borrower: Xuejun Xie 

ID number: 510102196610258005, Address: Room
205, Unit 3, Tower 39, No. 5, Jing’an Road, Jinjiang District, Chengdu, China

 

Borrower: Jianguo Xue 

ID card number: 630121196609190013, Address:
No. 64, Xijiaominxiang, Xicheng District, Beijing, China

 

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

 

WHEREAS:

 

(1) Beijing Ambow Shida Education Technology
Co., Ltd. (“Shida Ambow” or the “Company”) is a domestic enterprise lawfully established under the laws
of China, with a registered capital of RMB 3 million, of which RMB 2.7 million is contributed by Xuejun Xie, representing
90% equity interest in the Company; RMB 0.3 million is contributed by Jianguo Xue, representing 10% equity interest in the Company;

 

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

 

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 2.7 million; and to provide a loan to Jianguo Xue, the principal of which amounts
to RMB 0.3 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 Company. Without Lender’s
prior written consent, Borrowers shall not use their equity interest in Shida Ambow 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 laws of China, 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
laws of China and necessary approvals of the Republic of China government (if applicable), if Borrowers transfer all or part of
their equity interest in the 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 the laws of China, Borrowers shall use all the proceeds from
the sale of all the equity interest they have in the 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 Company is a limited liability company
duly incorporated and existing under the laws of China. 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 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 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 Shida Ambow; 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 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 Company; and

 

(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 Shida Ambow.

 

4.2 Lender 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 

 

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 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 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 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 Company or support or sign any shareholders’ resolutions that approve the 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 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 Company;

 

(6) not commit any act or omission that may
significantly affect the 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 Company at the request of Lender;

 

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

 

(9) not request the 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 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 Shida Ambow, they shall cause the 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 laws of China.

 

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 shall have the right to submit such dispute to the China Arbitration
Association for arbitration in accordance with its then effective rules. The arbitration shall be held 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 BoheLe Science and
Technology Co. Ltd. 

         

        (Corporate Seal)

        
	 	 
	 	 	 
	Authorized Representative:	 	
        /s/
	 	 
	 	 	 	 	 

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

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