Document:

English Translation of Share Pledge Agreement

 Exhibit 10.13 

Share Pledge Agreement 

Between 

Beijing Ambow Online Software Co., Ltd. 

And 

Xiaogang Feng 

March 4, 2010 

 This Share Pledge Agreement (this “Agreement”) is entered into by and between the following
parties on March 4, 2010: 
 Pledgee: Beijing Ambow Online Software Co., Ltd. 

Legal Representative: Jin Huang 
 Principal
Office: 18th Floor, Building A, Chengjian Plaza, No.18 BeiTaiPingZhuang 
 Road, Haidian District, Beijing 100088, People’s Republic of
China 
 Pledgor: Xiaogang Feng 

WHEREAS: 
 (1) Beijing Ambow Online Software
Co., Ltd. entered into certain Technology Service Agreement with Ambow Sihua Education and Technology Co., Ltd. (“Ambow Sihua”) and the companies and schools directly or wholly owned or controlled by Ambow Sihua (“Subsidiaries”)
on October 31, 2009 (“Technology Service Agreement”); 
 (2) Pledgor is a shareholder of Ambow Sihua, holding 42.6% equity
interest in Ambow Sihua; 
 (3) Pledgor agrees to pledge all of his equity interest in Ambow Sihua to Pledgee as a security for Ambow Sihua and
its Subsidiaries’ performance of their obligations under Technology Service Agreement. 
 NOW THEREFORE, the Parties agree as follows after
friendly consultations: 
 1. Definitions 

1.1 Unless otherwise specified herein, all of the following terms shall have the meanings defined below. 

1.1.1 “Secured Debt” means the payment obligation and other relevant obligations to Pledgee assumed by Ambow Sihua and its
Subsidiaries under Technology Service Agreement, liquidated damage and other relevant costs, and all costs (including attorney fees) and other amounts paid by Pledgee to realize Pledgee’s rights under Technology Service Agreement in the event
that Ambow Sihua and its Subsidiaries commit a breach. If Ambow Sihua controls a new subsidiary by means of acquisition or incorporation or otherwise in the future and such new subsidiary enters into certain new technology service agreement with
Pledgee, then such new subsidiary’s obligations under the new technology service agreement will be automatically included in the “Secured Debt” herein. 

1.1.2 “Pledged Equity” means the 42.6% equity owned by Pledgor and all rights relating to such equity. With Pledgee’s prior
consent, Pledgor may increase the capital of Ambow Sihua. The increased registered capital contributed by Pledgor shall also be deemed part of the Pledged Equity. 

 2. Equity Pledge 

2.1 Pledgor hereby pledges the Pledged Equity to Pledgee (“Pledge”) as a security for the full discharge of the Secured Debt. 

2.2 Pledgor undertakes that Pledgor’s execution of this Agreement and performance of the obligations hereunder have been approved by the other
shareholder of Ambow Sihua, and Pledgor will cause Ambow Sihua to record the equity pledge hereunder on the register of shareholders of Ambow Sihua. Pledgor and Ambow Sihua shall deliver the register of shareholders recording such equity pledge to
Pledgee for safekeeping upon execution of this Agreement; 
 2.3 The Parties agree to register or cause to register the Pledge hereunder with
the administrative authorities for industry and commerce in the place where Ambow Sihua is registered. The Pledge will be established at the time when the Pledge is registered with the administrative authorities for industry and commerce in the
place where Ambow Sihua is registered. Pledgor, Pledgee and Ambow Sihua shall promptly register the Pledge with the administrative authorities for industry and commerce upon execution of this Agreement. The Parties also acknowledge that, upon
execution of this Agreement, the Parties will not raise any question or objection to the effectiveness of this Agreement because of failure to register the Pledge with the administrative authorities for industry and commerce in the place where Ambow
Sihua is registered. 
 3. Scope of Security 

3.1 The Pledged Equity hereunder offers security for: 

3.1.1 The Secured Debt defined in Section 1.1.1 hereof; and 

3.1.2 The costs paid by Pledgee to realize the pledge to which Pledgee is entitled hereunder. 

4. Term of Pledge 
 4.1 The term of valid
existence of the pledge to which Pledgee is entitled hereunder is from the date of effectiveness of this Agreement to the date all Secured Debt is fully discharged (the “Term of Pledge”). Pledgee shall exercise the Pledge hereunder within
the statute of limitations for the Secured Debt. 
 5. Exercise of Pledge 

5.1 If (a) Ambow Sihua and its Subsidiaries fail to fulfill their payment obligation or other related obligations to Pledgee in accordance with the
provisions of Technology Service Agreement, or (b) Pledgor breaches his duties or obligations hereunder, Pledgee shall have the right to manage the pledge in any manner at any time it deems appropriate to the extent permitted by applicable laws
during the Term of Pledge, including without limitation: 
 5.1.1 To negotiate with Pledgor to discharge the Secured Debt with
the Pledged Equity at a discount rate; 

 5.1.2 To sell off the Pledged Equity and use the proceeds thereof to discharge the Secured
Debt; 
 5.1.3 To retain a relevant agency to auction all or part of the Pledged Equity; and/or 

5.1.4 To otherwise dispose of the Pledged Equity appropriately to the extent permitted by applicable laws. 

5.2 In the course of Pledgee’s disposal of the Pledged Equity as specified in the preceding section, Pledgee shall have the right to take any
actions permitted by law to realize any of its rights hereunder. 
 5.3 As requested by Pledgee, Pledgor shall assist Pledgee in obtaining all
necessary approvals or consents in connection with Pledgee’s realization of its rights to debt and pledge. 
 5.4 All amounts received due
to Pledgee’s exercise of its pledge shall be used in the following order of priority subject to the other provisions hereof: 

5.4.1 First, such amounts shall be used to pay all taxes and costs incurred by Pledgee because of its exercise of the pledge and/or other
rights hereunder; 
 5.4.2 Second, such amounts shall be used by Pledgee to discharge the Secured Debt according to law;

 5.4.3 Any remaining balance shall be paid to Pledgor or anyone who is entitled to such balance (without interest). 

6. Termination of Pledge 
 6.1 The pledge
shall be terminated automatically upon termination of Technology Service Agreement and full discharge of the Secured Debt. In such case, as requested by Pledgor, Pledgee shall sign a written document to terminate the equity pledge created hereunder
and submit such documentation to Pledgor, or assist Pledgor in handling other procedures for terminating the equity pledge hereunder. 
 6.2
Subject to the provisions in the preceding paragraph, the equity pledge hereunder shall not be terminated without Pledgee’s prior written consent. 

7. Nature of Security 
 7.1 The security
created hereunder shall not be affected by any other security held by Pledgee for the Secured Debt, and shall not affect the effectiveness of any other security. 

7.2 The security created hereunder and Pledgee’s rights hereunder shall not be terminated or affected due to the following circumstances:

 7.2.1 Any grace, termination or relief granted by Pledgee in connection with any person’s debt; 

 7.2.2 Any amendment, modification or supplement to Technology Service Agreement; 

7.2.3 Any disposal, modification or termination of any other security in connection with the Secured Debt; 

7.2.4 A settlement entered into between Pledgee and any person in connection with any claims of such person; 

7.2.5 Any delay, act or omission of Pledgee in the exercise of its rights; 

7.2.6 Any other event that may affect Pledgor’s obligations hereunder. 

8. Special Provisions 
 8.1 Without
Pledgee’s prior written consent, Pledgor shall not assign any of his rights or obligations hereunder to any other party. 
 8.2 Pledgee
shall have the right to assign to any third party any of its rights or obligations hereunder and any of its rights or obligations under other agreements contemplated by this Agreement without Pledgor’s prior consent. In such case, Pledgor must
unconditionally cooperate with Pledgee in handling the procedures for the transfer of relevant rights and obligations, including without limitation signing an agreement on the change of the relevant contractual party and re-registering the equity
pledge with the administrative authorities for industry and commerce. 
 8.3 Upon effectiveness of this Agreement, unless Pledgee makes a
written decision to the contrary and notify Pledgor of such decision, Pledgor shall be obligated to continue to comply with legal requirements relating to the Pledged Equity and perform all rights and obligations in connection with the Pledged
Equity, and perform the due care and good faith obligations that a shareholder shall perform. 
 8.4 Pledgor shall promptly notify Pledgee of
any event that may affect the Pledged Equity or the value thereof, or that may impede, prejudice or delay Pledgee’s performance of its rights as a shareholder of Ambow Sihua. Pledgor hereby agrees to sign a power of attorney (“Power of
Attorney”) on the even date herewith, appointing Beijing Ambow Online Software Co., Ltd. as his initial attorney-in-fact to: (i) exercise all voting rights he enjoys as a shareholder of Ambow Sihua, and (ii) sign on behalf of Pledgor
any resolution adopted by the shareholders’ meeting of Ambow Sihua, and any other documents that is related to Pledgor’s performance of its rights as the shareholder of Ambow Sihua and requires Pledgor’s signing. The attorney-in-fact
shall perform its duties in good faith, aiming to maximize the value of the Pledged Equity hereunder, and its acts shall be in compliance with applicable Chinese laws in all respects. The form of the initial Powers of Attorney signed by Pledgor is
set forth in Appendix 1 attached hereto. 
 8.5 During the term of pledge, Pledgee shall have the right to collect any yield on the Pledged
Equity. 

 8.6 Without Pledgee’s prior written consent, Pledgor shall not conduct any of the following activities:

 8.6.1 Making a proposal to amend the articles of association of Ambow Sihua or causing the making of such proposal; increasing
or reducing its registered capital, or otherwise changing its registered capital structure; 
 8.6.2 Creating any further
security, encumbrances and any third party’s rights on the Pledged Equity in addition to the pledge created hereunder; 

8.6.3 Performing any act that may prejudice any rights of Pledgee hereunder, or any act that may materially affect the assets, business
and/or operations of Ambow Sihua; 
 8.6.4 Distributing dividends to the shareholders in any form; however, upon Pledgee’s
request, Pledgor shall immediately distribute all of his distributable profits to the shareholders. 
 8.7 Without Pledgee’s prior written
consent, Pledgor shall not transfer or dispose of the Pledged Equity in any way. 
 8.8 Pledgor agrees to take other necessary actions and enter
into other necessary agreements to give effect to the provisions hereof and other agreements contemplated hereby. 
 9. Representations,
Undertakings and Warranties 
 9.1 Pledgor hereby represents, undertakes and warrants to Pledgee that: 

9.1.1 Pledgor has the lawful eligibility and necessary authority to enter into this Agreement and have the capacity to fully perform any
of their rights hereunder; 
 9.1.2 Pledgor has the sole ownership of the Pledged Equity; and he has lawful, complete and full
ownership of the corresponding pledged equity hereunder; 
 9.1.3 Except the pledge created hereunder, Pledgor has not created or
allowed the creation of any security rights or any third party’s rights or encumbrances on the Pledged Equity without Pledgee’s prior written consent; there is no dispute over the ownership of such Pledged Equity, which is not subject to
any lien or other legal proceedings and can be used for pledge or transfer in accordance with applicable laws; 
 9.1.4 There is
no existing, pending or threat of legal proceedings, arbitrations or administrative proceedings against the Pledged Equity; 

9.1.5 Pledgor’s execution of this Agreement, exercise of its rights hereunder, or performance of its obligations hereunder will not
violate any agreements, contracts or laws and regulations applicable to Pledgor and his property; 
 9.1.6 Upon execution of this
Agreement, Pledgor shall promptly register the equity pledge hereunder with the administrative authorities for industry and commerce to cause the effective creation of the equity pledge; the pledge created hereunder shall constitute valid security
for the Secured Debt after the registration procedures are completed, which can be executed on its terms; 

 9.1.7 All documents delivered by Pledgor to Pledgee in connection with this Agreement are
true, complete and correct in all material respects, and there is no omission that may cause any information therein to become incorrect or misleading in any material respect; 

9.1.8 This Agreement shall constitute a legal, valid and binding obligation of Pledgor, and may be enforced in accordance with the
application of Pledgee to competent authorities under this Agreement; 
 9.1.9 From the date of this Agreement to the expiration
of the term of pledge, Pledgor shall not transfer or dispose of any part or all of the interests in the Pledged Equity to any third party without Pledgee’s prior written consent. 

9.2 Pledgee hereby represents, undertakes and warrants to Pledgor that: 

9.2.1 Pledgee is a limited liability company duly established and validly existing, and has the authority to enter into this Agreement and
is able to perform its obligations hereunder. 
 9.2.2 Pledgee has obtained all authorities and consents necessary for the
execution and performance of this Agreement. 
 10. Liability for Breach 

10.1 Either Party’s direct or indirect violation of any provisions hereof or failure to assume its obligations hereunder or failure to assume such
obligations in a timely and adequate manner shall constitute breach of this Agreement. The non-breaching Party (“Non-Breaching Party”) shall have the right to require the breaching Party (“Breaching Party”) by written notice to
redress its breach and take adequate, effective and timely measures to eliminate the consequences of such breach, and indemnify against the losses incurred by the Non-Breaching Party due to the breach of the Breaching Party. 

10.2 After the occurrence of the breach, if, according to the reasonable and objective judgment of the Non-Breaching Party, such breach has made it
impossible or unfair for the Non-Breaching Party to perform its relevant obligations hereunder, then the Non-Breaching Party shall have the right to notify the Breaching Party in writing that the Non-Breaching Party will suspend the performance of
its relevant obligations hereunder until the Breaching Party ceases such breach and takes adequate, effective and timely measures to eliminate the consequences of such breach, and indemnify against the losses incurred by Non-Breaching Party due to
the breach. 
 10.3 The losses incurred by the Non-Breaching Party which shall be indemnified against by the Breaching Party due to its breach
are the direct economic losses incurred by the Non-Breaching Party due to the Breaching Party’s breach and any expectable indirect losses and additional costs, including without limitation attorney fees, litigation and arbitration costs,
financial costs and travel expenses, etc. 

 11. Force Majeure 

11.1 “Force Majeure” means any event that is beyond the reasonable control of any or all Parties hereto, unable to be foreseen or unable to be
overcome even foreseen, which impedes, affects or delays any party’s performance of all or part of its obligations under this Agreement. Such event includes without limitation any government act, act of God, war, hacker attack or any other
similar event. 
 11.2 The Party affected by a Force Majeure event may suspend the performance of its relevant obligations hereunder that cannot
be performed due to the Force Majeure until the effect of such Force Majeure event is eliminated, and shall not be held liable for such suspension. However, such Party shall use its best endeavor to overcome such event and mitigate its negative
effect. 
 11.3 The Party affected by a Force Majeure event shall provide the other Parties with a legitimate certificate issued by a notary
public (or other proper agency) in the place where such event occurs to evidence the occurrence of such Force Majeure event. If such Party cannot provide such certificate, the other Parties may hold such Party liable for breach in accordance with
the provisions hereof. 
 12. Effectiveness and Termination 

12.1 This Agreement shall come into effect after it has been duly executed by Pledgor and Pledgee. The pledge hereunder is established after the
registration specified in Section 2.3 is completed. 
 12.2 This Agreement is terminated under any of the following circumstances:

 12.2.1 It is terminated in accordance with the provisions in Section 6 hereof; 

12.2.2 It is terminated by mutual agreement of Pledgee and Pledgor; 

12.2.3 It is early terminated with the unilateral consent of Pledgee. 

12.3 The termination of this Agreement shall not affect the Parties’ rights and obligations arising hereunder prior to the date of such termination.

 13. Dispute Resolution 
 13.1
If any dispute arises between the Parties in connection with the interpretation and performance of the provisions hereunder, the Parties shall resolve such dispute in good faith through discussions. If no agreement can be reached within sixty
(60) days after one Party receives the notice of the other Party requesting the beginning of discussions or as otherwise agreed, either Party shall have the right to submit such dispute to the China International Economic and Trade Arbitration
Commission 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 upon the Parties. 

 13.2 If any dispute arises in connection with the interpretation and performance of this Agreement, or such
dispute is under arbitration, either Party shall continue to have the rights hereunder other than those in dispute and perform the obligations hereunder other than those in dispute. 

13.3 The conclusion, effectiveness, enforcement and interpretation of this Agreement shall be governed by the Chinese laws. 

14. Miscellaneous 
 14.1 The headings
herein are for convenience only, and shall not affect the interpretation of any provisions hereof. 
 14.2 The Parties may amend and supplement
this Agreement by written agreement. Any amendments or supplements executed by the Parties, if any, are part of this Agreement, and shall have the same force and effect as this Agreement. 

14.3 If any provision herein becomes partly or wholly invalid or unenforceable for violation of laws or government regulations or other reasons, then the
part of such provision that is affected shall be deemed as deleted. However, the deletion of such part of such provision shall not affect the legal effect of other parts of such provision or the other provisions herein. The Parties shall cease to
execute such invalid or unenforceable provision, and modify such provision so that it has the closest intent to the original provision and becomes valid and enforceable in connection with such facts and circumstances. 

14.4 Unless otherwise provided herein, either Party’s failure to exercise or delay in exercising any of its rights or powers hereunder shall not be
construed as a waiver of such rights or powers. Any single or partial exercise of any rights or powers shall not preclude the exercise of other rights or powers. 

14.5 This Agreement shall be binding upon the Parties and their respective successors and permitted assigns. Pledgee shall have the right to transfer to
any other third party the rights hereunder and other agreements contemplated hereby at its sole discretion without Pledgor’s consent. 

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

			
	Pledgee:
	
	Beijing Ambow Online Software Co., Ltd.
		
	Authorized Representative:	 	 /s/ Jin Huang

		 	Jin Huang

  

			
	Pledgor:
		
	Signature:	 	 /s/ Xiaogang Feng

		 	Xiaogang FengEnglish Translation of Call Option Agreement

 Exhibit 10.14 

Call Option Agreement 

Between 

Beijing Ambow Online Software Co., Ltd. 

And 

Xuejun Xie 

October 31, 2009, amended March 4, 2010 

 Call Option Agreement 

This Call Option Agreement (this “Agreement”) is entered into by and between the following Parties on October 31, 2009, and amended on
March 4, 2010: 
 1. Beijing Ambow Online Software Co., Ltd., a limited liability company duly established and existing under the Chinese
laws, with its registered address at 18th Floor, Building A, Chengjian Plaza, No.18, BeiTaiPingZhuang Road, Haidian District, Beijing (hereinafter referred to as “Party A”); and 

2. Xuejun Xie, a Chinese citizen (hereinafter referred to as “Party B”); 

WHEREAS 
 A. Party B owns 57.4% equity interest
in Ambow Sihua Education and Technology Co., Ltd. (“Ambow Sihua”); 
 B. Party B is willing to transfer her equity interest in Ambow
Sihua to Party A (or its affiliate or assign) to the extent permitted by the Chinese laws and if such transfer is allowed under the Chinese laws. 

NOW THEREFORE, through good faith consultations, the Parties reach an agreement on the following terms: 

Section 1 Definitions 
 Unless
otherwise specified in this Agreement, the following terms shall have the following meanings: 
  

			
	Call Option	  	The right granted to Party A and/or any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in Ambow Sihua under the terms and
conditions of this Agreement.
		
	China	  	The People’s Republic of China (excluding Hong Kong, Macau and Taiwan for the purposes of this Agreement).
		
	Chinese laws	  	The laws, regulations and decisions made and promulgated by various Chinese legislative authorities; the administrative rules, regulations, measures and other legally binding
official documents made and promulgated by various Chinese administrative authorities.
		
	Approvals	  	The approvals, consents, permits and authorizations made and/or issued by relevant Chinese administrative authorities under the Chinese laws.
		
	Equity in Ambow Sihua	  	The equity interest held lawfully by Party B in Ambow Sihua. The ratio of such equity is equivalent to the ratio of Party B’s capital contribution to Ambow Sihua to the
registered capital of Ambow Sihua.
		
	Loan Agreement	  	The loan agreement and any amendments thereto entered into between Party A and Party B.

 Section 2 Grant of Call Option 

2.1 Party B hereby irrevocably and exclusively grants Party A the Call Option, the right that allows Party A and/or any third party designated by Party A
to subscribe for all or part of the equity interest held by Party B in Ambow Sihua. 
 2.2 To the extent permitted by the Chinese laws, Party A
and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required,
including the evaluation procedures), and to obtain and maintain the Equity in Ambow Sihua. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in Ambow Sihua, and shall have the right to obtain all
shareholders’ rights according to its shareholding ratio. 
 2.3 Without Party A’s written consent, Party B shall not grant to any
third party any rights, senior to or on a parity with the Call Option. 
 Section 3 Consideration for the Call Option 

To the fullest extent permitted by the Chinese laws, the transfer price of the Equity in Ambow Sihua (or any part thereof) shall be equal to the Party
B’s initial contribution to the registered capital of Ambow Sihua in exchange for such Equity in Ambow Sihua (or any part thereof) (“Contribution to Registered Capital”). The Parties agree that, to the fullest extent permitted by the
Chinese laws, in connection with the transfer of any or all Equity in Ambow Sihua to Party A and/or any third party designated by Party A, Party A shall have the right to offset the debt Party B owes to Party A against the transfer price for such
Equity, and Party A and any third party designated by Party A shall not be required to make any cash payment to Party B separately. If the Equity in Ambow Sihua is required to be valuated under relevant Chinese laws, or there are any other
provisions for the transfer price for such Equity, then such transfer price shall be the lowest price permitted under relevant Chinese laws. 

Section 4 Exercise of the Call Option 

4.1 Party A and/or any third party designated by Party A shall have the right to exercise the Call Option in any way permitted by law at any time within
the term of the Call Option upon effectiveness of this Agreement. 
 4.2 During the term of this Agreement, Party A and/or any third party
designated by Party A may exercise the Call Option in whole or part in order to obtain any or all of the equity interest for which it has the right to subscribe hereunder at one or more times. 

4.3 Party A shall exercise the Call Option by delivering a subscription notice to Party B (see the form and substance of such notice in Appendix 1).
Party B shall transfer to Party A and/or any third party designated by Party A the Equity in Ambow Sihua as specified in the subscription notice. 

 4.4 Party B shall complete all procedures required for Party A and/or any third party designated by Party A
to obtain the Equity in Ambow Sihua and become a lawful shareholder of Ambow Sihua within sixty (60) days after Party A and/or any third party designated by Party A sends the subscription notice for the exercise of the Call Option, including
without limitation, adopting any necessary resolution, providing or causing or facilitating Ambow Sihua to provide all necessary documents, and causing and helping Ambow Sihua to obtain approvals from competent government authorities for the change
of equity and handle all relevant procedures in the event that Ambow Sihua is converted to a foreign-invested company due to the exercise of the Call Option. 

Section 5 Representations and Warranties 

5.1 Party B represents and warrants to Party A and/or any third party designated by Party A (as the case may be) as follows in connection with the Call
Option as of the date of this Agreement and at the time when Party A and/or any third party designated by Party A exercises the Call Option hereunder: 

(1) Ambow Sihua is a limited liability company duly established and existing under the Chinese laws; 

(2) Party B has contributed the capital for her Equity in full. Party A and/or any third party designated by Party shall acquire such equity interest
without any capital contribution to Ambow Sihua in accordance with this Agreement; 
 (3) Except the pledge granted to Party A by the Share
Pledge Agreement entered into by Party A and Party B on October 13, 2009, as amended on March 4, 2010 , Party B has not created or allowed any option, call option, pledge, or other equity interest or security interest on Equity in Ambow
Sihua without Party A’s written consent; 
 (4) Party B hereby agrees that she shall irrevocably waive the preemptive right to purchase the
Equity in Ambow Sihua to which she is entitled under the Chinese laws and the bylaws of Ambow Sihua, and allow Party A and/or any third party designated by Party A to exercise the Call Option; 

(5) Without Party A’s written consent, Party B shall not transfer the Equity in Ambow Sihua to any third party; 

(6) Without Party A’s written consent, Party B shall not supplement, alter or modify the Articles of Associations of Ambow Sihua in any form, shall
not increase or decrease its registered capital, or otherwise change the structure of its registered capital; 
 (7) During the term of this
Agreement, Party B and Ambow Sihua have not engaged in and shall not engage in any act or omission that may cause any losses to Party A or cause any reduction in value of the Equity in Ambow Sihua; 

(8) Without Party A’s written consent, Party B shall not incur, assume, guarantee or allow the existence of any debt other than the debt that
(i) arises in the normal or routine course of business rather than out of borrowing; and (ii) has been disclosed to and approved in writing by Party A; 

 (9) Ambow Sihua has the right to operate all business activities within the approved business scope which it
is operating or it expects to operate in the future; and 
 (10) Party B shall not have the right to early terminate this Agreement. 

5.2 Party A represents and warrants to Party B in connection with the execution of this Agreement as follows: 

(1) Party A is a limited liability company duly established and existing under the Chinese laws; 

(2) The execution and performance of this Agreement will not constitute Party A’s violation of its obligations under any legally binding documents
entered into with any third party, or constitute a violation of any prohibition or ruling of any administrative authorities, arbitration agencies or judicial organs. 

Section 6 Liability for Breach 
 6.1
Under any of the following circumstances, Party B shall be deemed to breach the Agreement: 
 (1) Any representations or warranties made by
Party B are not true or correct; 
 (2) Party B transfers the Equity in Ambow Sihua to any company or individual other than Party A and/or any
third party designated by Party A without Party A’s prior written consent; 
 (3) Party B fails to promptly handle or facilitate Ambow
Sihua to handle relevant procedures upon receipt of the subscription notice from Party A and/or any third party designated by Party A in accordance with this Agreement, which would cause Party A and/or any third party designated by Party A to fail
to acquire the Equity of Ambow Sihua; 
 (4) Party B attempts to terminate this Agreement without Party A’s consent; 

(5) Party B violates any other provisions hereof. 

If Party B breaches the Agreement, she shall indemnify Party A against all direct economic losses, any foreseeable indirect losses and any expenses
incurred by Party A for such breach, including without limitation attorney fees, litigation and arbitration fees, financial and travel expenses. 

Section 7 Term 
 7.1 This Agreement
shall come into effect as of the date when the authorized representatives of the Parties duly sign the Agreement, and shall remain effective until the termination of the Loan Agreement. 

 7.2 Unless otherwise provided herein, Party A shall have the right to early terminate this Agreement upon
twenty (20) days’ prior notice, but Party B shall not early terminate this Agreement. 
 Section 8 Force Majeure

 8.1 Force Majeure means any event (i) that is beyond the control of either or both Parties hereto; (ii) that cannot be foreseen
or cannot be overcome even foreseeable; and (iii) that occurs after the date of this Agreement and prevent either Party hereto from performing this Agreement in whole or part. Force Majeure includes without limitation the occurrence of
explosion, fire, flood, earthquake and other acts of God and war, civil disorder, governmental act of sovereignty, etc. 
 8.2 The Party
affected by any Force Majeure event may suspend the performance of relevant obligations that cannot be performed due to Force Majeure until the effect of such Force Majeure event is eliminated, and shall not be held liable for such suspension.
However, such Party shall use its best endeavors to overcome such event and reduce its adverse effect. 
 8.3 The Party affected by any Force
Majeure event shall provide the other Party with a legitimate certificate issued by a notary public (or any other proper authorities) in the place where such event occurs to evidence the Force Majeure event; if such Party cannot provide such
certificate, the other Party may hold such Party liable for breach of the Agreement in accordance with the provisions hereof. 

Section 9 Governing Law 
 The
conclusion, effectiveness, interpretation, performance, enforcement and dispute resolution of this Agreement shall be governed by the laws of the People’s Republic of China. 

Section 10 Dispute Resolution 
 10.1
All disputes arising out of or in connection with this Agreement shall be settled by the Parties through good faith consultations. If no agreement can be reached through consultations within sixty (60) days after one Party receives a notice
from other Party requesting the beginning of such consultations or as otherwise agreed by the Parties, either Party shall have the right to submit relevant disputes 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 Beijing. The award of the arbitration shall be final and binding on both Parties. 

10.2 The arbitration costs shall be borne in accordance with the award specified in Section 10.1 above. 

10.3 While any disputes exist between the Parties, the Parties shall continue to perform duties and obligations without any dispute. 

 Section 11 Miscellaneous 

11.1 No amendment, modification, addition or deletion made to this Agreement shall become effective unless the Parties sign a written document by mutual
agreement. 
 11.2 The invalidity, ineffectiveness and unenforceability of any provisions hereof shall not affect or prejudice the other
provisions’ validity, effectiveness and enforceability. However, the Parties shall also cease to perform such invalid, ineffective and unenforceable provisions, and only modify such provisions to the extent the modified provisions have the
closest intent to the original provisions so that they are valid, effective and enforceable under such specific facts and circumstances. 
 11.3
This Agreement shall be effective to and binding upon both Parties and their respective successors or permitted assigns. Party A shall have the right to transfer its rights under this Agreement and other agreements contemplated herein at its sole
discretion to any third party without Party B’s consent. 

 IN WITNESS WHEREOF, the duly authorized representative of Party A and Party B have executed this Agreement
on the date first above written. 
  

			
	Beijing Ambow Online Software Co., Ltd.
	Authorized Representative:	 	Jin Huang

			
	Signature:	 	/s/ Jin Huang

  

			
	Xuejun Xie
	Signature:	 	 /s/ Xuejun Xie

 Appendix 1 Subscription Notice 

Dear Sir: 
 This is to notify you that, in
accordance with the Call Option Agreement (“Agreement”) entered into by you and Beijing Ambow Online Software Co., Ltd. on October 31, 2009, we decide to exercise the call option under such Agreement for [all] or [part] of the equity
interest in Ambow Sihua Education and Technology Co., Ltd. (and appoint [            ] as the transferee of the target equity interest). 

 

	
	  

	Authorized Representative:
	Title:
	Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]