Document:

Capital Increase Contract

 Exhibit 10.17 
 Execution Copy 
  
 Contract 
 By and Among 
 Beijing Jade Bird Educational Information Technology Co., Ltd. 
 16 Individual Shareholders 
 Beijing Peking University Education Investment Co., Ltd. 
 And

 Prosperity Holdings Limited 
 On 
 Subscription to Capital Increase 
 Of 
 Beijing Jade Bird Educational Information Technology Co., Ltd. 

 Execution Copy 
  
  

 Table of Content 
  

			
	Article 1	 	Definitions
		
	Article 2	 	the Capital Increase
		
	Article 3	 	Conditions Precedent
		
	Article 4	 	Amount and Completion of the Capital Increase
		
	Article 5	 	Presentations, Undertakings and Warranties of Parties
		
	Article 6	 	Remedies
		
	Article 7	 	Termination
		
	Article 8	 	Force Majeure
		
	Article 9	 	Confidentiality
		
	Article 10	 	Miscellaneous
		
	Appendix	 	Letter of Disclosure

 Execution Copy 
  
  

 This capital increase contract (hereinafter referred to as “the Contract”) is entered into by
and among the following two parties on October 20, 2006 at Beijing, China: 
 Party A: Beijing Jade Bird Educational Information
Technology Co., Ltd. 
 Official Address: Beida Jade Bird Building, 3rd District, Yanyuan, No.5 Haidian Road, Haidian District, Beijing 
 Legal Representative: Xu Zhixiang 
 Title:
Chairman of the Board of Directors 
 Nationality: Chinese 
 Party B: Beijing Peking University Education Investment Co., Ltd 
 Official Address: 3rd District, Yanyuan, No.5
Haidian Road, Haidian District, Beijing 
 Legal Representative: Xu Zhixiang 
 Title: Chairman of the Board of Directors 
 Nationality: Chinese 
 Party C: 16 Individual Shareholders of Party A 
 Name: Yang Ming 
 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 110108650527181 
 Name: Tang Chengxi

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 42010719570817151X 

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 Name: Liang Jun 
 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 320102196810132831 
 Name: Sun Quntain

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 411024197407291613 
 Name: Lu Jun 

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 420300197304081716 
 Name: Xiao Rui

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 220104731125155 
 Name: Gao Wei 

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 230502197004290020 
 Name: Lin Ping

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 420107196401120050 
 Name: Guo Nannan

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 110102690905002 

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 Name: He Wenrui 
 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 110102196505152335 
 Name: Zhang Hong

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 610330196305302022 
 Name: Yu Lina 

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 430202750901604 
 Name: Xiao Qiqin 

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 420107195010180035 
 Name: Li Xiangyang

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 420105741218083 
 Name: Wang Yang 

 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 110108680223341 

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 Name: Zhang Ming 
 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 ID No.: 610302197603014650 
 Party D:
Prosperity Holdings Limited 
  

			
	Official Address:	  	C/O Close Trustees (Cayman) Ltd.
		  	PO Box 1034GT, 4th Floor
		  	103 South Church Street
		  	Grand Cayman, Cayman Islands

 Authorized Representative: David Hand 
 Title: Director 
 Nationality: United State of America 
 Whereas: 
  

	A.	Party A is a company duly incorporated and existing under the laws of the People’s Republic of China (the “PRC”) with the registered capital of
RMB15,000,000. 

  

	B.	Party B is a company duly incorporated and existing under the laws of PRC, which is holding 70% of shares of Party A. 

  

	C.	Each individual of Party C is an individual with legal identity in PRC and full capacity of civil acting according to PRC laws. Party B collectively holds 30% of shares
of Party A. 

  

	D.	Party D, is a limited liability company duly incorporated and existing under the laws of Cayman Islands. 

  

	E.	Party B and Party D entered into a Share Transfer Contract on October 20, 2006, according to which Party B transferred 46.67% of shares of Party A it holds to
Party D. 

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	F.	Party C and Party D entered into a Share Transfer Contract on October 20, 2006, according to which Party C transferred collectively 20% of shares of Party A it
holds to Party D. 

  

	G.	Party A, Party B, Party C and Party D agreed that, with respect to the two share transfers mentioned above and the subscription to capital increase contemplated
hereunder, all parties shall make jointly effort to complete the approval and registration formalities with the relevant examination and approval authorities altogether. 

 The two parties hereby agree as follows: 
 Article 1 Definition 

 

							
	1.1	  	Party A	  	Refers to	  	Beijing Jade Bird Educational Information Technology Co., Ltd.
				
	1.2	  	Party B	  	Refers to	  	Beijing Peking University Education Investment Co., Ltd.
				
	1.3	  	Party C	  	Refers	  	16 individual shareholders of Party A, including Yang Ming, Tang Chengxi, Liang Jun, Sun Quntain, Lu Jun, Xiao Rui, Gao Wei, Lin Ping, Guo Nannan, He Wenrui, Zhang Hong, Yu Lina,
Xiao Qiqin, Li Xiangyang, Wang Yang and Zhang Ming
				
	1.4	  	Party D	  	Refers	  	Prosperity Holdings Limited
				
	1.5	  	Capital Increase	  	Refers to	  	Party D subscribes to Party A’s increased capital. Party D will invest USD 15 million to subscribe for RMB 10 million of Party A’s registered capital representing 40% of
the registered capital of Party A.
				
	1.6	  	Closing Date	  	Refers to	  	Date on which Party B pays all the increased capital according to Article 4.1 of this Contract
				
	1.7	  	Examination and Approval Authority	  	Refers to	  	Ministry of Commerce of PRC or its local delegates
				
	1.8	  	PRC	  	Refers to	  	The People’s Republic of China (so far as the Contract is concerned, Hong Kong Special Administration Region, Macau Special Administration Region and Taiwan are not included.)

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	1.9	  	Original Equity Ratio	  	Refers to	  	Party B holds 70% of shares of Party A, while Party C holds 30% of the shares of Party A.

 Article 2 Capital Increase 
  

	2.1	Party D agrees to subscribe to Party A’s capital increase, provided the Conditions Precedent prescribed in Article 3 of the Contract are satisfied.

  

	2.2	Party D agrees to invest USD 15 million to subscribe to Party A’s capital increase of RMB 10 million, representing 40% of the registered capital of Party
A, and the subscription shall be made in cash. 

  

	2.3	Party D’s increased investment to Party A shall be converted into Party D’s increased contribution to Party A in the proportion of 12:1 and Party A’s
registered capital shall be increased accordingly. After the capital increase, Party A’s registered capital shall be increased by RMB 10 million, resulting in a changed registered capital of RMB 25 million; The discrepancy of USD
13.75 million between Party D’s investment in Party A and the capital increase of Party A shall be reckoned in capital reserve fund in accordance with the exchange rate between RMB and USD on the Closing Date. 

  

	2.4	Party B and Party C shall remain entitled to Party A’s profits attributable to them according to Original Equity Ratio in the Company by the Closing date.

 Article 3 Conditions Precedent 
  

	3.1	Party D shall not be obliged to make the subscription according to Article 4.1 of the Contract, unless all and any of the following conditions precedent are satisfied.
Party D shall have the right, but not the obligation, to waive one or more of the following conditions: 

  

	 	(1)	Party A has adopted a board resolution and a shareholders’ meeting resolution to approve the Capital Increase; 

  

	 	(2)	Parties have entered into all necessary contracts, agreements and other relevant documents, and completed all legal formalities required by PRC laws and regulations,
including without limitation assets evaluation, announcement, transfer of state-owned equity through tender and bidding at relevant assets transfer center; [Procedures in Article 3.1 (2) shall not be applicable in case that state-owned assets
administration authority exempts the Target Share Transfer from such procedures.] 

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	 	(3)	The Capital Increase has obtained state-owned assets administrative authority’s approvals, consents and permits (fully effective and free from being nullified or
revoked on the Closing Date), including without limitation assets evaluation report of Party A issued by qualified evaluation institute, filing of the assents evaluation report with state-owned assets administration and its approval on the Capital
Increase; 

  

	 	(4)	The Capital Increase has obtained approval, consent or permission issued by Examination and Approval Authority (remain effective and not being null or retreated on the
Closing Date), including the Reply to approve the Capital Increase hereunder issued by the Examination and Approval Authority and Certificate of Approval for Establishment of Foreign Investment Enterprise. 

  

	 	(5)	By the Closing Date, the business and financial situation of the Company does not have substantial adverse changes. 

  

	 	(6)	By the Closing Date, all the representations, undertakings and warranties made by Party A, Party B and Party C are true, accurate and sufficient;

  

	 	(7)	By the Closing Date, there has been no change in PRC law which frustrates the purpose of the Contract. 

 Article 4 Amount and Completion of the Capital Increase 
  

	4.1	Subject to (i) all conditions in Article 3.1 of the Contract are satisfied; and (ii) all the statements, representations and warranties made by Party A are
true and accurate: within 15 working days after the Capital Increase is approved by the Examination and Approval Authority and Party A obtains the reissued Enterprise Legal Person Business License, Party D shall make payment to Party A all its
subscription to the Capital Increase, accounting to US$ 15 million. 

 Article 5 Presentations, Undertakings and
Warranties 
  

	5.1	Party A hereby unconditionally and irrevocably makes the following presentations, undertakings and warranties to Party D that, by the Closing Date:

  

	 	(1)	Party A is a limited liability company duly incorporated and existing under the laws of PRC. 

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	 	(2)	All the permits and licenses which are necessary for continuous operation of Party A’s business, including Certificate for Running Non-government Schools issued by
education authority or labor and social security authority, Certificate of Approval for High and New Technology Enterprise, are fully effective by the Closing Date and Party A will maintain effectiveness of the aforementioned licenses and
certificates during the existence of Party A; 

  

	 	(3)	Party A’s execution of the Contract, it’s exercise of rights and performance of obligations hereunder, shall not violate: 

  

	 	(a)	restrictions imposed by governing laws, regulations, rules, judgments, rulings, arbitration awards, administrative decisions and orders binding or having impact on it;

  

	 	(b)	any documents, agreements or contracts to which it is a party, or any documents, agreements or contracts which have binding effect on it; 

  

	 	(c)	its Articles of Association and internal regulations. 

  

	 	(4)	It has not been involved in any litigation, arbitration or any other legal or administrative proceedings which are on-going, pending, to be initiated, or claimed to be
initiated by a third party, which will or may prevent the Capital Increase under the Contract from being completed. 

  

	 	(5)	Except for those events in Appendix-Letter of Disclosure, all other actions to be taken and conditions or issues to be fulfilled by it required by applicable laws have
been taken, complied with and performed on or before the signing date of the Contract, so as to: 

  

	 	(a)	enable it to legitimately enter into the Contract and perform its obligations hereunder; 

  

	 	(b)	make its obligations and responsibilities under the Contract legal, effective and enforceable; 

  

	 	(c)	make the Contract admissible as evidence in the PRC. 

  

	 	(6)	Its execution and performance of the Contract is fully within its authority and has been duly authorized. 

  

	 	(7)	The presentation of item (A) of the “Whereas” section is true and accurate, and contributions to Party A’s registered capital has been fully made.

  

	 	(8)	 It warrants that it has made full disclosure to Party D, in addition to those events disclosed in Appendix-Letter of Disclosure, it has made full
disclosure to Party D all such materials, which would substantively and adversely affect its

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capacity to fully perform its obligation under the Contract, or, if disclosed to Party D, will substantively and adversely affect Party D’s willingness to enter into the Contract. Moreover,
all such matters it disclosed and the materials it provided to Party D (including without limitation to the materials Party A provided during the due diligence that Party D or its counsel carried out for the Capital Increase) are true, complete
accurate, and free from any substantive inaccurate or misleading presentations. 

  

	 	(9)	Party A warrants that the accounting books of Party A are complete, and the financial statements disclosed by Party A for the Capital Increase are prepared in
accordance with current PRC laws, regulations, rules and accounting standards. The afore-mentioned accounting books and financial statements completely, truly and accurately reflect the financial status and profits of Party A by the end of relative
fiscal periods. From the date of the financial statements issued to the Closing Date of the Capital Increase, the business or financial status of Party A do not have any substantive and adverse change. 

  

	 	(10)	Party A warrants that, except for those events disclosed in Appendix-Letter of Disclosure, Party A has not ever violated any PRC laws or regulation which may result in
adverse effect on the transaction; Party A is not involved in any pending material litigations, arbitrations or administrative penalties which may result in adverse effect on the transaction. 

  

	 	(11)	It warrants that, from the establishment date of Party A to the Closing Date, Party A has complied with all relevant tax laws and regulations, has made full payment of
all taxes and charges explicitly collected by the tax authority, has not received any reminder letter from tax authority or any other relevant authority and has not been subject to punishment which may result in adverse effect on the transaction due
to tax related issues and does not have any pending tax investigations or disputes which may result in adverse effect on the transaction; 

  

	 	(12)	It warrants that, Party A has provided Party D with a complete list of all the franchise contracts, as well as those decoration, equipments purchase, printing and
advertisement contracts with a contract price in excess of RMB 2 million, which are currently being performed and relate to the operation of Party A’s business by the Closing Date. 

  

	 	(13)	It warrants that, except for those connected transactions disclosed in Appendix-Letter of Disclosure, between and among Party A and its subsidiaries, and between and
among such subsidiaries, Party A does not have any other connected transactions. 

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	 	(14)	Party A lawfully owes or has the right to use all the patent, patent right, invention, copyright and know-how (including industrial secrets, other non-patent, or
non-patentable know-how or confidential information, systems or programs), trademark, service logo and trade name (hereinafter referred to as “IP”), which Party A currently uses and relate to the business operation of Party A. Regarding
the afore-mentioned IP, Party A has not received any notice claiming infringement or dispute with rights announced by others; In addition during operation of business, Party A currently is not involved in any infringement of any patent, copyright,
ownership, trademark, service logo, commercial logo or other intellectual property domestically registered (except for the office softwares daily used). 

  

	 	(15)	It warrants that, except for those events disclosed in Appendix-Letter of Disclosure, Party A does not have any other labor disputes with its senior management staff
members. 

  

	 	(16)	It warrants that after the signing of the Contract, it will cooperate with Party D and other organizations to facilitate the fulfillment of all conditions precedent
specified in Article 3, thus to ensure the completion of the Capital Increase. Party A shall, with the assistant of Party D submit to related authorities all documents, carry out and complete filing and approval formalities required for the Capital
Increase in a timely manner. 

  

	 	(17)	It warrants that, upon receipt of any approval, reply or notice on any amendments or supplements to the documents submitted from the authority in charge in connection
with the Capital Increase, it shall inform Party D immediately and deliver to Party D photocopies of such documents and notices. 

  

	 	(18)	Where, at anytime before the Closing Date the Capital Increase (inclusive), it realizes any situation which will make the presentations, undertakings and warranties it
made under the Contract become untrue or inaccurate, Party A shall inform Party D immediately and take remedial measures as reasonably required by Party D. 

  

	 	(19)	Upon execution and coming into force, the Contract will be legally and effectively binding on it, the articles thereof will be enforceable, and it undertakes it shall
not be entitled to any right of exemption. 

  

	 	(20)	All presentations, undertakings and warranties it made above are true, accurate and complete. 

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	5.2	Party B and Party C hereby unconditionally and irrevocably make the following presentations, undertakings and warranties to Party D that: 

  

	 	(1)	Each of them has full and exclusive ownership and right of disposal on Target Share to be transferred to Party B pursuant to the Contract; the Target Share is free from
any secured interest or third party interest such as pledge, neither does it have any flaws with respect to disclosure of facts in connection with any third party interest or legal matters. 

  

	 	(2)	Party B and Party C hereby waive their right of first refusal on subscription to capital increase as specified in the articles of association of Party A.

  

	5.3	Party D hereby unconditionally and irrevocably makes the following presentations, undertakings and warranties to Party A, Party B and Party C that, by the Closing Date
of the Capital Increase: 

  

	 	(1)	Party D has been a limited liability company duly incorporated and existing under the laws of Cayman Islands. 

  

	 	(2)	Party D’s execution and performance of the Contract is fully within its authority and scope of business and is duly authorized by the company. It will not violate
any restrictions imposed by binding or influential laws, regulations, rules, judgments, rulings, articles of association, internal regulations and contracts; Upon execution and coming into force, the Contract will become legally and effectively
binding, and articles specified therein shall be enforceable. 

  

	 	(3)	The shareholder of Party D is Crescent Jade Limited, which is a limited liability company controlled by CPV Investments Limited. 

  

	 	(4)	Party D has not been involved in any litigation, arbitration or any other legal or administrative proceedings which are on-going, pending, to be initiated, or claimed
to be initiated by a third party and will or may substantively affect the Capital Increase under the Contract. 

  

	 	(5)	Party D warrants that promptly after the signing of the Contract, it will cooperate with Party A, Party B and Party C and other organizations to facilitate the
fulfillment of all conditions precedent specified in Article 3, thus to ensure the completion of the Capital Increase, and assist Party A in completion of relevant formalities. 

  

	 	(6)	 Party D will procure all the necessary documents required by Examination and Approval Authority and other governmental authorities, including without
limitation the identification certificate of Party D which has been notarized by the notary public of the home state of Party D and been legalized by the PRC embassy (consulate) in that state, and a

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bank reference letter; Party B will also cooperated with Party A in completion of all procedures of approvals and registration in connection with the Capital Increase and alteration of Party A.
Where the documents need to be signed by Party D, Party D shall guarantee to extend its cooperation and such cooperation shall not be unreasonably withheld; 

  

	 	(7)	The presentation of item (D) of the “Whereas” section is true and accurate. 

  

	 	(8)	Upon completion of the Capital Increase, Party D will assume all the rights and obligations as a shareholder under the current articles of association of Party A.

  

	 	(9)	Party D has made full disclosure to Party A, Party B and Party C, all such materials it has regarding Party D, which would substantively and adversely affect Party
D’s capacity to fully perform its obligation under the Contract, or, if disclosed to Party A, Party B and Party C, will substantively and adversely affect Party A, Party B and Party C’s willingness to enter into the Contract, and all
materials that Party D provided to Party A, Party B and Party C are free from any substantively untrue or misleading presentations. 

  

	 	(10)	Where, at anytime before the Closing Date of the Capital Increase (inclusive), Party D realizes any situation which will make the presentations, undertakings and
warranties it made under the Contract become untrue or inaccurate, Party D shall inform Party A, Party B and Party C in a timely fashion and take remedial measures as reasonably required by Party A, Party B and Party C. 

  

	 	(11)	Upon execution and coming into force, the Contract will be legally and effectively binding on Party D, the articles thereof will be enforceable, and Party D undertakes
it is not entitled to any right of exemption 

  

	 	(12)	All presentations, undertakings and warranties Party D made above are true, accurate, complete, sufficient, unconditional and without reservation.

 Article 6 Remedies 
  

	6.1	Each Party shall be liable for its undertakings, warranties which it made before the Closing Date, and independently bear any liabilities or losses arising therefrom,
if such undertakings, warranties are untrue, inaccurate, incomplete and insufficient. 

  

	6.2	Party A shall indemnify Party D any losses caused by any litigations, arbitrations, claims, administrative proceedings and other legal proceedings against Party D,
which incurred before the Closing Date, relating to or arising out of the Capital Increase. 

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	6.3	Party D shall make payment of the subscription in accordance with Articles 4.1 of the Contract. Where Party D fails to make payment of the subscription as scheduled, it
shall indemnify Party A for the delay in payment at a rate of 0.3% of the outstanding amount per day. 

  

	6.4	The parties shall perform their obligations under the Contract in good faith. Unless otherwise stipulated in this Contract, where one party fails to perform its
obligations or violates any of the articles, conditions, undertakings, announcements and warranties of the Contract, the other party shall have the right to claim remedies from the non-performing or breaching party for all losses, damages caused
thereby, as well as fees, expenditures incurred in the litigation and claim. 

  

	6.5	Where the conditions set forth in Article 3 of the Contract could not be fulfilled within six (6) months from the execution date of the Contract and such failure
cannot be attributed to any of the Parties, the Parties may terminate the Contract by negotiation and none of the Parties will be liable for it. 

 Article 7 Termination 
  

	7.1	The Contract shall be terminated at the occurrence of any of the following events: 

  

	 	(1)	After friendly consultation, Parties unanimously agree in writing to terminate the Contract. 

  

	 	(2)	The conditions precedent regarding the Capital Increase as set forth in Article 3 of the Contract are not fully met within six (6) months after execution of the
Contract and the parties fail to unanimously agree in writing, as permitted by law, on exemption of such conditions. 

  

	 	(3)	Where one party materially violates any article of the Contract, or where any of the presentations, undertakings or warranties it made in the Contract proves to be
false, the abiding party may deliver a written notice requiring the breaching party to immediately take remedial measures; Where the breaching party fails to take measures to remedy and rectify its violation in a way to the satisfaction of the
abiding party within sixty (60) days after the delivery of the afore-mentioned written notice, the abiding party shall have the right to terminate the Contract immediately. 

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	 	(4)	Newly promulgated laws and regulations make it impossible to continue to perform the Contract. 

  

	 	(5)	Force Majeure events as specified in Article 8 of the Contract sustain more than six (6) months and make it impossible to continue to perform the Contract.

  

	7.2	Where Party D violates Article 4.1 of the Contract and delays in payment of the subscription to the capital increase in excess of 20 days, Party A shall, in addition to
the indemnity from Party D for delay in payment as specified in Article 6.3 of the Contract, have the right to terminate the Contract unilaterally. 

  

	7.3	Where the Contract is terminated, each Party shall return to other Parties all relevant records, documents and materials the other Parties delivered pursuant to the
Contract, regardless whether the afore-mentioned records, documents and materials were delivered before or after the execution of the Contract. 

  

	7.4	Where the Contract is terminated, the relationship among Parties shall resume to what it was before the execution of the Contract. The registered capital of Party A is
RMB 15,000,000 and Party A returns to Party D all the amount it paid in accordance with Article 4.1 of the Contract. 

 Where necessary, Parties shall, in accordance with relevant laws, be responsible for completion of the approval formalities required for termination of the Contract and cooperate with each other in signing all agreements and documents
required for resuming the relation between the Parties to what it was before the execution of the Contract. The cost incurred for preparation, performance and termination of the Capital Increase under the Contract, including without limitation
taxes, fees and governmental fees for retaining agencies shall be born by the breaching party if any, in the absence of breaching party, the cost shall be born by the all parties respectively. 
  

	7.5	The liabilities for damages for breach of contract as stipulated in the Contract shall not be released because of the termination of the Contract.

 Article 8 Force Majeure Event 
  

	8.1	 “Force majeure event” shall refer to an event whose occurrence is unforeseeable at the time the Contract is executed by the two parties, and
whose occurrence is unavoidable or whose consequence is unable to be overcome, and thus makes one party unable to perform any of the articles of the Contract in whole or in part, which includes earthquake, tsunamis, typhoon, flood,

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war and infectious disease and other afore-mentioned unpredictable, unavoidable and insuperable events, as well as the force majeure events recognized by general international commercial customs.

  

	8.2	Upon occurrence of a force majeure event, the affected party can suspend the performance of its duties or obligations under the Contract during the event without being
treated as in breach of the Contract. However, the affected party shall take all measures to notify the other party in writing immediately, and, within 15 days after occurrence of the force majeure event, produce documents evidencing occurrence
and/or existence of the force majeure event as required by PRC law, failure to do which, no force majeure event shall be recognized. 

  

	8.3	Upon occurrence of force majeure event, the affected party shall make best effort and take all measures to mitigate the losses. 

  

	8.4	Upon occurrence of force majeure event, all parties to the Contract shall consult each other immediately for a fair resolution, and shall make all reasonable endeavors
to mitigate the adverse effect caused by such force majeure event. 

  

	8.5	Where one party breaches the Contract and delays the performance of its obligation hereunder, and a force majeure event occurs thereafter, that party shall not be
exempted from liabilities because of the occurrence of the force majeure event. 

 Article 9 Confidentiality

  

	9.1	Any party may have disclosed or need to disclose to the other party confidential and exclusive materials regarding its business, financial status and other confidential
matters. Unless otherwise stipulated by other confidentiality agreement, the party who receives the afore-mentioned materials (including writing and none-writing materials, hereinafter referred to as “Confidential Materials”) shall:

  

	 	(1)	keep all the Confidential Materials confidential; and 

  

	 	(2)	except for the accepting party’s staff the discharge of whose responsibilities requires knowledge of the Confidential Materials, do not disclose the
afore-mentioned Confidential Materials to any other person or entity. 

  

	9.2	Clause 9.1 of the Contract shall not apply to: 

  

	 	(1)	materials known to the accepting party, proved by records in writing made before the disclosing party makes the disclosure to the accepting party;

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	 	(2)	materials becoming accessible in public domain not attributable to accepting party’s breach of the Contract; 

  

	 	(3)	materials which the accepting party obtained from a third party who bears no confidential responsibilities; or: 

  

	 	(4)	materials specified in the documents published in the course of completion of the Capital Increase formalities. 

  

	9.3	Each party shall ensure that the directors, senior officials of itself and the affiliated companies relating to the Capital Increase, as well as other employees
involved in the Capital Increase shall abide by the confidentiality obligation under article 9 of the Contract. 

  

	9.4	Article 9 of the Contract shall not apply to the disclosure of Confidential Materials to affiliated companies, intermediaries, employees and counsels of each party for
the purpose of the Capital Increase; however, under such circumstance, the materials shall only be disclosed to those persons or entities which have to know the materials for discharging their responsibilities. 

  

	9.5	Article 9 of the Contract shall not apply to disclosure of the materials to any governmental authorities or relevant entities by any of the parties to the Contract
pursuant to laws or regulations. However, the party required to make the disclosure shall, before such disclosure is made, immediately notify the other party of such requirements and terms. 

  

	9.6	Any of the regulation under Article 9 of the Contract shall not impede the announcement or disclosure, which one party makes in good faith and pursuant to governing
laws or regulations. 

 Article 10 Miscellaneous 
  

	10.1	Effective Date 

 After execution
by the legal representatives or authorized representatives of Party A, Party B and Party D and individuals of Party B, the Contract shall become effective on the date it is approved by the Examination and Approval Authorities. 

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	10.2	Costs and Expenses 

 Unless
otherwise agreed upon in the Contract, taxes and charges collected according to law in connection with execution and performance of the Contract shall be born by all Parties respectively in accordance with PRC laws and regulation. Where the laws and
regulations do not explicitly specify the payer, Parties shall pay in proportion. No Party shall have the obligation to pay the fees on behalf of any other Party. 
  

	10.3	Governing Laws 

 The governing
law of this Contract shall be PRC laws; and the execution, validity, interpretation, performance and dispute resolution of the Contract shall be subject to PRC laws. However, where PRC laws do not regulate on any of the issues specified in the
Contract, the same shall be governed by reference to international commercial customs. 
  

	10.4	Dispute Resolution 

 The parties
shall make endeavor to settle their disputes arising out of the performance of the Contract or in connection with of the Contract, through friendly consultation; Where the parties fail to settle the disputes through consultation, any party shall
have the right to submit the dispute or claim arising from the Contract to the People’s Court which has jurisdiction over it and resolve the dispute or claim by litigation. During the litigation, except for the matters under dispute, the
Contract shall continue to be performed. 
  

	10.5	Language and Copy 

 The Contract
shall be executed in Chinese and English languages and both in nine (9) copies, each party shall keep one copy of both versions, and remaining copies shall be submitted to the relevant Examination and Approval Authorities, all of which shall
have equal legal force. In the event of a discrepancy between the two language versions, the Chinese version shall prevail. 
  

	10.6	Severability 

 Where any article
of the Contract is regarded as being invalid by any authority with jurisdiction, the validity of other articles of the Contract shall remain unaffected. 
  

	10.7	Amendments and Supplements 

 For
issues not covered in the Contract, the parties shall enter into written contract to make amendment or supplement to the Contract. Amendments or supplements to the Contract signed and chopped by all parties shall be integral parts of the Contract,
and once approved by the Examination and Approval Authority, shall have equal force with the Contract. 

 Execution Copy 
  
  

	10.8	Exercise of Rights 

 Failure to
or delay in exercising any of the rights hereunder by any party to the Contract shall not be regarded as waiving the same. The exercise of a right by itself or in part does not preclude the exercise of the same otherwise. Waiver of the right to
pursue any breach of contract shall be effective only if it is made in writing and signed and affixed with official seal by the legal representative or authorized representative. 
  

	10.9	Assignment of Rights and Obligations 

 Unless otherwise agreed upon in the Contract, none of the Parties shall be allowed to assign the Contract or its rights and obligations hereunder in whole or in part, unless it obtains prior consent in writing from other Parties, and such
assignment has obtained approval from the Examination and Approval Authority as required by PRC laws. 
  

	10.10	Notice and Delivery 

 Unless
otherwise agreed upon in the Contract, any party’s notice or written communication to the other party shall be written in Chinese, and shall be delivered by hand-delivery, fax or courier. Unless otherwise informed of the change of address, all
notice and written communication shall be delivered to the following addresses: 
 Party A: Beijing Jade Bird Educational
Information Technology Co., Ltd. 
 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 Telephone: 0086-010-62768866 
 Fax: 0086-010-62768866 
 Attention: Yang Ming 
 Party B: Beijing Peking University Education Investment Co., Ltd 
 Address: 4th Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 

 Execution Copy 
  
  

 Telephone: 0086-010-62765626 
 Fax: 0086-010-62765626 
 Attention: Xu Zhixiang 
 Party B: 16 individual shareholders 
 Address: 2nd Floor, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing 100871 
 Telephone: 0086-010-6276886 
 Fax: 0086-010-62768866 
 Attention: Yang Ming 
 Party D: Prosperity Holdings Limited 
  

			
	Address:	 	Crescent Point Group
		 	One George Street, #15-04
		 	Singapore 049145

 Telephone: 0065-6511-3088 
 Fax: 0065-6223-5992 
 Attention: James Wong 
 The notice or written communication shall be deemed being received on the following dates:

  

	 	(1)	in case of fax and hand-delivery, the date of receipt shall be the date of delivery; 

  

	 	(2)	in case of express mail service, the date of delivery shall be the third day after the notice has been handed over to the express company; or 

 

	 	(3)	in case of courier, the date on the receipt confirmation, or the date of handover. 

 Execution Copy 
  
  

 IN WITNESS WHEREOF, Party A, Party B and Party D have caused their authorized
representatives to sign and Party C signed the Contract on the date first written above. 
  

			
	 Party A: Beijing Jade Bird Education Information Technology Co., Ltd
  

	 Legal Representative or Authorized Representative:
  
	  	
	Seal:	  	

  

			
	 Party B: Beijing Peking University Education Investment Co., Ltd.
  

	 Legal Representative or Authorized Representative:
  
	  	
	Seal:	  	

 Execution Copy 
  
  

 Party C: 16 individual shareholders 
  

			
	Yang Ming:
		
	Signature:	 	
	
	Tang Chengxi
		
	Signature:	 	 /s/ Tang Chengxi

	
	Liang Jun
		
	Signature:	 	 /s/ Liang Jun

	
	Sun Quntian
		
	Signature:	 	 /s/ Sun Quntian

	
	Lu Jun
		
	Signature:	 	 /s/ Lu Jun

	
	Xiao Rui
		
	Signature:	 	 /s/ Xiao Rui

	
	GaoWei
		
	Signature:	 	 /s/ GaoWei

	
	Lin Ping
		
	Signature:	 	 /s/ Lin Ping

	
	Guo Nannan
		
	Signature:	 	 /s/ Guo Nannan

 Execution Copy 
  
  

			
	He Wenrui
		
	Signature:	 	 /s/ He Wenrui

	
	Zhang Hong
		
	Signature:	 	 /s/ Zhang Hong

	
	Yu Lina
		
	Signature:	 	 /s/ Yu Lina

	
	Xiao Qiqin
		
	Signature:	 	 /s/ Xiao Qiqin

	
	Xiangyang
		
	Signature:	 	 /s/ Xiangyang

	
	Wang Yang
		
	Signature:	 	 /s/ Wang Yang

	
	Zhang Ming
		
	Signature:	 	 /s/ Zhang Ming

 Execution Copy 
  
  

 Party D: Prosperity Holdings Limited 

			
		
	Authorized Representative:	 	

 Execution Copy 
  
  

 Appendix- Letter of Disclosure 

 Letter of Disclosure 
 This Letter of Disclosure is prepared for the capital increase of Beijing Jade Bird Educational Information Technology Co., Ltd. (the “Company”) subscribed by Prosperity Holdings Limited, and
shall be used as an appendix to the Capital Increase Subscription Contract entered into by and between Prosperity Holdings Limited, shareholders of the Company and the Company,. The sequence numbers and contents of this Letter of Disclosure shall
correspond to those specified in the Capital Increase Subscription Contract. 
 To facilitate comprehension, the disclosures made hereafter are
summaries of the corresponding documents, which shall not be regarded as a complete and accurate description of the same. The contents of the original documents shall prevail. 
 5.1 (2) 
 Certificates and licenses held by the Company are as follows: 
  

	(1)	Enterprise Legal Person Business License (No. 1100001649252) issued by the Beijing Administration for Industry and Commerce on Jul. 18, 2006; 

 

	(2)	Certificate of Tax Registration (No. Jing Guo Shui Hai Zi 110108759640097) issued by State Tax Bureau of Haidian District of Beijing on Apr. 9, 2004;

  

	(3)	Certificate of Tax Registration (No. Di Shui Jing Zi 110108759640097000) issued by Local Tax Bureau of Haidian District of Beijing on Apr. 2, 2004;

  

	(4)	Certificate of Organizational Entity Code (Code No. 75964009-7) with a period of validity commencing from Mar. 5, 2004 and ending on Mar. 2, 2008;

  

	(5)	Permit for Running No-government Schools (No. Lao She Min 1106054072000) issued by Labor and Social Security Bureau of Haidian District of Beijing in July of
2005, where the name of the unit is Beijing Municipality Haidian District Jade Bird Information and Technology Vocational Skills Training School; the period of validity of this Certificate is four years commencing from the issuance date;

  

	(6)	Certificate of High and New Technology Enterprise (No. Jing Ke Gao Zi 0611008A17059) issued by Beijing Science and Technology Committee on May 28, 2006;

  

	(7)	Registration Certificate of Social Insurance (No. She Xian Jing Zi 110108627888) issued by the Social Insurance Fund Administration Center of Haidian District of
Beijing on Mar. 17, 2005; 

	(8)	Tianjin Branch of the Company holds: 

  

	 	a.	Business License (No. 1201041010135) issued by Tianjing Administration for Industry and Commerce on Mar. 23, 2005; 

  

	 	b.	Certificate of Organizational Entity Code (Code No. 77064779-1) issued by Tianjin Administration Bureau for Quality Supervision and Inspection and Quarantine with
a period of validity from May 12, 2005 to Apr. 11, 2009; 

  

	 	c.	Certificate of Tax Registration (No. Guo Shui Jin Zi 120104770647791) issued by State Tax Bureau of Tianjing Development District on Apr. 22, 2005;

  

	 	d.	Certificate of Tax Registration (No. Di Shui Jin Zi 120104770647791) issued by Local Tax Bureau of Tianjing Development District on Apr. 30, 2005;

  

	 	e.	Permit for Running Non-government Schools in People’s Republic of China (No. Lao She Min 1201044000310) issued by Tianjin Labor and Social Security Bureau,
where name of the unit is Tianjin Beida Jade Bird Vocational Training School, the validity period of which is three years; 

  

	 	f.	Private non-Enterprise Institution Registration Form (Legal Person Status) (No. Min Zheng Zi Di 060610) issued by Tianjin Administration for Social Organizations
on Jul. 7, 2005, where name of the unit is Tianjin Beida Jade Bird Vocational Training School. 

  

	(9)	Chongqing Branch of the Company holds: 

  

	 	a.	Business License (No. Yu Gao 5009011901215) issued by Chongqing Administration for Industry and Commerce on Mar. 16, 2005; 

  

	 	b.	Certificate of Tax Registration (No. Guo Shui Yu Zi 50090377177299) issued by Chongqing High and New Technology Industry Development District State tax Bureau on
Apr. 11, 2005; 

  

	 	c.	Certificate of Tax Registration (No. Di Shui Zi 50090377177299) issued by Chongqing High and New Technology Industry Development District Local Tax Bureau on
Apr. 5, 2005; 

  

	 	d.	Certificate of Organizational Entity Code (Code No. 77177729 — 9) issued by Chongqing Quality and Technical Supervision Bureau with a validity period from
Apr. 7, 2005 to Apr. 7, 2009; 

  

	 	e.	Permit for Running Non-government Schools (No. Lao She Min 5000003000130) issued by Chongqing Labor and Social Security Bureau on Jul. 25, 2005.

  

	(10)	Guangzhou Branch of the Company holds: 

  

	 	a.	Business License (No. Fen 4401062029325) issued by Guangzhou Administration for Industry and Commerce on Sep. 28, 2005; 

	 	b.	Certificate of Organizational Entity Code (Code No. 78122360-1) issued by Guangzhou Quality and Technical Supervision Bureau with a validity period from Nov. 15,
2005 to Nov. 15, 2009; 

  

	 	c.	Certificate of Tax Registration (No. Guo Shui Yue Zi 440100781223601) issued by Gaongzhou State Tax Bureau on Mar. 1, 2006; 

  

	 	d.	Certificate of Tax Registration (No. Di Shui Yue Zi 440100781223601) issued by Gaongzhou Local Tax Bureau on Mar. 1, 2006; 

 Permit for Running Non-government Schools of Guangdong Branch is still in the process of application. 
  

	(11)	Xicheng Branch of the Company holds: 

  

	 	a.	Business License (No. 1101021828847) issued by Beijing Administration for Industry and Commerce on Apr. 22, 2005; 

  

	 	b.	Certificate of Tax Registration (No. Di Shui Jing Zi 110102774724301000) issued by Beijing Xicheng District Local Tax Bureau on May 20, 2005;

  

	 	c.	Certificate of Organizational Entity Code (Code No. 77472430-1) issued by Beijing Xicheng District Quality and Technical Supervision Bureau, which expires on
May 12, 2009; 

 Certificate of State Tax Registration and Permit for Running Non-government Schools of
Xicheng Branch are still in the process of application. 
  

	(12)	Shanghai Branch of the Company Holds: 

  

	 	a.	Business License (No. 31010810198119000) issued by Shanghai Administration for Industry and Commerce, Zhabei Branch on Apr. 10, 2006; 

  

	 	b.	Certificate of Organizational Entity Code (Code No. 77710623-4) issued by Shanghai Quality and Technical Supervision Bureau, which expires on Jun. 27, 2009;

  

	 	c.	Certificate of Tax Registration (No. Guo Shui Hu Zi 310108777106234) issued by Shanghai State Tax Bureau on Jul. 10, 2005; 

  

	 	d.	Certificate of Tax Registration (No. Di Shui Hu Zi 310108777106234) issued by Shanghai Local Tax Bureau on Jul. 12, 2005; 

 Permit for Running Non-government Schools of Shanghai Branch is still in the process of application. 
  

	(13)	Hangzhou Branch of the Company holds: 

  

	 	a.	Business License (No. 3301001007242) issued by Hangzhou Administration for Industry and Commerce on Aug. 17, 2005; 

	 	b.	Certificate of Tax Registration (No. Zhe Shui Zi Hang 330100779254281) jointly issued by Hangzhou State Tax Bureau and Local Tax Bureau on Sep. 1, 2005;

  

	 	c.	Certificate of Organizational Entity Code (Code No. 77925428-1) issued by Hangzhou Quality and Technical Supervision Bureau, which expires on Aug. 25, 2009;

 Permit for Running Non-government Schools of Hangzhou Branch is still in the process of application.

 Certificates and licenses held by subsidiaries of the Company are as follows: 
  

	(14)	APTECH Beida Jade Bird Co., Ltd holds: 

  

	 	a.	Enterprise Legal Person Business License (No. Qi He Jing Zong Zi Di 014196) issued by Beijing Administration for Industry and Commerce on Sep. 21, 2005;

  

	 	b.	Certificate of Approval for Establishment of Enterprises with Foreign Investment in the PRC (No. Shang Wai Zi Jing Zi [1999]0390) issued by Beijing Municipal
People’s Government on Sep. 20, 2005; 

  

	 	c.	Certificate of Organizational Entity Code (Code No. 71774043-6) issued by Beijing Quality and Technical Supervision Bureau; 

  

	 	d.	Certificate of Foreign Exchange Registration (No. 1999000000349) issued by SAFE, Bejing Administration Department; 

  

	 	e.	Registration Certificate of Social Insurance (No. She Xian Jing Zi 110108627888) issued by the Social Insurance Fund Administration Center of Haidian District of
Beijing on Mar. 17, 2005; 

  

	 	f.	Certificate of High and New Technology Enterprise (No. Jing Ke Gao Zi 0611008A16793) issued by Beijing Science and Technology Committee on Jun. 8, 2006;

  

	(15)	Yantai Jade Bird Educational Information Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 3706022810169) issued by Yantai Administration for Industry and Commerce, Zhifu Branch on Feb. 27, 2006;

  

	 	b.	Certificate of Tax Registration (No. Lu Di Shui Zi 370602785029750) issued by Yantai Zhifu District Local Tax Bureau on Feb. 22, 2006; 

 

	 	c.	Certificate of Tax Registration (No. Guo Shui Lu Zi 370602785029750) issued by Yantai Zhifu District State Tax Bureau on Mar. 6, 2006; 

 

	 	d.	Certificate of Organizational Entity Code (Code No. 78502975-0) issued by Yantian Quality and Technical Supervision Bureau; 

 Permit for Running Non-government Schools of Yantai Jade Bird Educational Information Technology Co., Ltd is still in the process of application.

	(16)	Dalian Xinghai Jade Bird Educational Information Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. Da Gong Shang Qi Fa Zi 2102001107858) issued by Dalian Administration for Industry and Commerce on Mar. 15, 2006;

  

	 	b.	Certificate of Tax Registration (Da Guo, Di Shui Sha Zi 210204759945325) jointly issued by Dalian Municipal State Tax Bureau and Local Tax Bureau of Liangning
Province; 

  

	 	c.	Certificate of Organizational Entity Code (Code No. 75994532-5) issued by Dalian Municipal Quality and Technical Supervision Bureau; 

  

	 	d.	Permit for Running Non-government School (No. Lao She Min 2102013000296) issued by Dalian Municipal Labor and Social Security Bureau, where name of the unit is
Dalian Xinghai Beida Jade Bird Vocational Training School, the validity period of which is three years; 

  

	(17)	Zhenjiang Jade Bird Educational Information Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 3211001103466) issued by Zhenjiang Administration for Industry and Commerce of Jiangsu Province on Mar. 9, 2006;

  

	 	b.	Certificate of Tax Registration (No. Su Guo Shui Zhen Zi 321100784958494) issued by Zhenjiang Municipal State Tax Bureau of Jiangsu Province on Mar. 9, 2006;

  

	 	c.	Certificate of Tax Registration (No. Su Di Shui Deng Zi 321100784958494) issued by Zhenjiang Municipal Local Tax Bureau of Jiangsu Province on Mar. 9, 2006;

  

	 	d.	Certificate of Organizational Entity Code (Code No. 78495849-4) issued by Zhenjiang Quality and Technical Supervision Bureau of Jiangsu Province;

  

	 	e.	Permit for Running Non-government Schools (No. Lao She Min 211004000011) issued by Zhenjiang Municipal Labor and Social Security Bureau on September 7,
2006, where name of the unit is Zhenjiang Beida Jade Bird APTECH Vocational Training School, the validity period of which is five years. 

  

	(18)	Chengdu Jade Bird Educational Information Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 5101041902301) issued by Chengdu Municipal Jinjiang Administration for Industry and Commerce on Mar. 12, 2006;

  

	 	b.	Certificate of Tax Registration (No. Chuan Guo Shui Zi 510104785429543) issued by State Tax Bureau of Jinjiang District, Chengdu of Sichuan Province on
March 24, 2006; 

	 	c.	Certificate of Tax Registration (No. Chuan Rong 51010478542954-3) issued by the first branch of Local Tax Bureau of Chengdu of Sichuan Province on March 24,
2006; 

  

	 	d.	Certificate of Organizational Entity Code (Code No. 78542954-3) issued by Chengdu Municipal Quality and Technical Supervision Bureau, Zhenjiang Branch;

  

	 	e.	Permit for Running Non-government Schools (No. Lao She Min 2255A05540147) issued by Chengdu Municipal Labor and Social Security Bureau on July 13, 2006,
where name of the unit is Chengdu Jade Bird Information and Technology School, the validity period of which is two years. 

  

	(19)	Shenzhen Jade Bird Educational Information Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 4403011223302) issued by Shengzhen Municipal Administration for Industry and Commerce on Apr. 25, 2006;

  

	 	b.	Certificate of Organizational Entity Code (Code No. 78832483-5) issued by Shenzhen Municipal Quality and Technical Supervision Bureau; 

  

	 	c.	Certificate of Tax Registration (No. Guo Shui Shen Zi 440301788324835) issued by Shenzhen Municipal State Tax Bureau; 

  

	 	d.	Certificate of Tax Registration (No. Shen Di Shui Deng Zi 440301788324835) issued by Shenzhen Municipal Local Tax Bureau; 

 Permit for Running Non-government School of Shenzhen Jade Bird Educational Information Technology Co., Ltd. is still in the process of application.

  

	(20)	Nantong Jade Bird Educational Information Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 3206001108585) issued by Nantong Administration for Industry and Commerce of Jiangsu Province on Feb. 21, 2006;

  

	 	b.	Certificate of Organizational Entity Code (Code No. 78438804-9) issued by Jiangsu Provincial Quality and Technical Supervision Bureau; 

  

	 	c.	Certificate of Tax Registration (No. Su Di Shui Deng Zi 320601784388049) jointly issued by Nantong Municipal State Tax Bureau, the First Branch and Nantong
Municipal Local Tax Registration, the Second Branch on Feb. 21, 2006; 

  

	 	d.	Permit for Running Non-government Schools (No. Jiao Min 3206027ZX0020) issued by the Education and Sports Bureau of Chongzhou District, Nantong Municipal on
September 16, 2006, where name of the unit is Naotong Chongzhou Beida Jade Bird Computer Training Center, the validity period of which is one year. 

	(21)	Hefei Jade Bird Educational Information Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 3401001007212) with an issuance date of Feb. 27, 2006; 

  

	 	b.	Certificate of Organizational Entity Code (Code No. 78493005-3) issued by Heifei Municipal Quality and Technical Supervision Bureau; 

  

	 	c.	Certificate of Tax Registration (No. He Guo Yaohai Guo Shui Zi 340102784930053) issued by Yaohai District State Tax Bureau, Hefei of Anhui Province on Mar. 7,
2006; 

  

	 	d.	Certificate of Tax Registration (No. Di Shui He Zi 340102784930053) issued by Yaohai District Local Tax Bureau, Hefei of Anhui Province on Mar. 7, 2006;

  

	 	e.	Permit for Running Non-government School (No. Lao She Min 3401003100655) issued by Hefei Municipal Labor and Security Bureau on Apr. 17, 2006, where name of the unit is
Hefei Jade Bird Vocational Training School, the validity period of which is three. 

  

	(22)	Shenyang Jade Bird Educational Information Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 2101031150104) issued by Shenyang Municipal Administration for Industry and Commerce on Feb. 14, 2006;

  

	 	b.	Certificate of Organizational Entity Code (Code No. 78455670-0) issued by Shenyang Municipal Quality and Technical Supervision Bureau; 

  

	 	c.	Certificate of Tax Registration (No. Shen Di Shui Zi Shen He Branch 210103784556700) issued by Shenyang Municipal Local Tax Bureau on Mar. 2, 2006;

  

	 	d.	Certificate of Tax Registration (No. Shen He Guo Shui Zi 210103784556700) issued by Shenyang Municipal State Tax Bureau on Mar. 2, 2006;

  

	 	e.	Permit for Running Non-government School (No. Lao She Min 2101017220315) issued by Shenyang Municipal Education Bureau on Jun. 2, 2006, where name of the unit is
Shenyang BENET Computer Training Center, which expires on Jun. 1, 2008. 

  

	(23)	Qingdao Jade Bird IT Information Co., Ltd. Holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 3702022919318) issued by Qingdao Municipal Administration for Industry and Commerce, Shinan Branch on May 31, 2006;

	 	b.	Certificate of Organizational Entity Code (Code No. 78759823-6) issued by Qingdao Municipal Quality and Technical Supervision Bureau; 

  

	 	c.	Certificate of Tax Registration (No. 370202787598236) jointly issued by Shandong Qingdao Municipal State Tax Bureau and Local Tax Bureau on Jul. 7, 2006;

  

	 	d.	Permit for Running Non-government School (No. Lao She Min 10201510) issued by Qingdao Municipal Labor and Security Bureau on September 6, 2006, where name
of the unit is Qingdao Beida Jade Bird Vocational Training School. 

  

	(24)	Xiamen Jade Bird IT Information Co., Ltd. Holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 3502031101135) issued by Xiamen Municipal Administration for Industry and Commerce on Jun. 5, 2006;

  

	 	b.	Certificate of Tax Registration (No. Xia Guo Shui Si Zi 350203784187335) issued by Xiamen Municipal State Tax Bureau on Jun. 20, 2006; 

 

	 	c.	Certificate of Tax Registration (No. Xia Di Shui Zheng Zi 350203784187335) issued by Xiamen Municipal State Tax Bureau on Jun. 16, 2006;

  

	 	d.	Certificate of Organizational Entity Code (Code No. 78418733-5) issued by Xiamen Municipal Quality and Technical Supervision Bureau; 

  

	 	e.	Permit for Running Non-government School (No. Lao She Min 3502036206005) issued by Xiamen Municipal Labor and Security Bureau on September 12, 2006, where
name of the unit is Xiamen Zhongshan Beida Jade Bird Vocational Training School, the validity period of which is three years. 

  

	(25)	Kunming Gold Bird Educational Information Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 5301002521909) issued by Yunnan Kunming Municipal Administration for Industry and Commerce on May 15, 2005;

  

	 	b.	Certificate of Organizational Entity Code (Code No. 78737422-4) issued by Yunnan Kunming Municipal Quality and Technical Supervision Bureau;

  

	 	c.	Certificate of Tax Registration (No. Dian Di Shui Kun Zi 530102787374224) issued by Kunming Wuhua District Local Tax Bureau on may 24, 2006;

  

	 	d.	Certificate of Tax Registration (No. Dian Guo Shui Zi 530102787374224) issued by Kunming Wuhua District State Tax Bureau on may 25, 2006;

 Permit for Running Non-government School of Kunming Gold Bird Educational Information Co., Ltd. is still in
the process of application. 
  

	(26)	Yangzhou Beida Jade Bird Information and Technology Co., Ltd. holds; 

  

	 	a.	Enterprise Legal Person Business License (No. 3210911400385) issued by Jiangsu Yangzhou Municipal Administration for Industry and Commerce on Jun. 7, 2006;

  

	 	b.	Certificate of Tax Registration (No. Zu Di Shui Deng Zi 321001787679896) issued by Yangzhou Municipal Local Tax Bureau on Jun. 14, 2006;

  

	 	c.	Certificate of Organizational Entity Code (Code No. 8767989-6) issued by JiangsuYangzhou Municipal Quality and Technical Supervision Bureau;

 Certificate of State Tax Registration and Permit for Running Non-governments School are still in the process of application.

  

	(27)	Fuzhou Jade Bird Information and Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 3501002028311) issued by Fuzhou Municipal Administration for Industry and Commerce on July 28, 2006;

  

	 	b.	Certificate of Tax Registration (No. Rong Shui Zi 350100791763695) jointly issued by the State Tax Bureau and Local Tax Bureau of Gulou District, Fuzhou
Municipal on April 15, 2006; 

  

	 	c.	Certificate of Organization Entity Code (Code No. 79176369-5) issued by Fuzhou Municipal Quality and Technical Supervision Bureau; 

  

	 	d.	Permit for Running Non-government School (No. Lao She Min 3501016206004) issued by Fuzhou Municipal Education Bureau on September 15, 2006, where name of
the unit is Fuzhou Beida Jade Bird Vocational Training School, which expires on September 15, 2009. 

  

	(28)	Hangzhou Jade Bird Educational Information and Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 3301001007845) issued by Hangzhou Municipal Administration for Industry and Commerce on April 11, 2006;

  

	 	b.	Certificate of Tax Registration (No. Zhe Shui Lion Zi 330100790940397) jointly issued by the State Tax Bureau and Local Tax Bureau of Zhejiang Province on
October 10, 2006; 

	 	c.	Certificate of Organization Entity Code (Code No. 79094039-7) issued by Hangzhou Municipal Quality and Technical Supervision Bureau. 

 Permit for Running Non-government School of Hangzhou Jade Bird Educational Information and Technology Co., Ltd. is still in the process of application.

  

	(29)	Shanghai Qingda Computer Technology Co., Ltd. holds: 

  

	 	a.	Enterprise Legal Person Business License (No. 3101151020246) issued by the Pudong Branch of Shanghai Municipal Administration for Industry and Commerce on July 13,
2006; 

  

	 	b.	Certificate of Tax Registration (No. Di Shui Hu Zi 310115791428600) issued by the Shanghai Municipal Local Tax Bureau on April 7, 2006;

  

	 	c.	Certificate of Organization Entity Code (Code No. 79142860-0) issued by Shanghai Municipal Quality and Technical Supervision Bureau. 

 Permit for Running Non-government School of Shanghai Qingda Computer Technology Co., Ltd. is still in the process of application. 
 5.1(3) 
  

	(1)	In connection with Capital Contribution Agreement and Articles of Association of the Company, Beijing Beida Jade Bird Co., Ltd (the “BDH”) and Yang Ming
entered into the Supplementary Agreement on Dec. 1, 2003; 

  

	(2)	Beijing Peking University Education Investment Co., Ltd (the “PUEI”), BDH and Yang Ming entered into the Special Agreement in 2006. 

5.1(5) 
 Please refer to issues
disclosed in 5.1 (6). 
 5.1 (6) 
  

	(1)	Shareholders Meeting of PUEI has adopted the Resolution of the Shareholders Meeting on October 20, 2006; 

  

	(2)	Shareholders Meeting of the Company has adopted the Resolution of the Shareholders Meeting on October 22, 2006; 

 5.1(9) 
 Unaudited Balance Sheet of the Company up to the date of Jun. 30, 2006. 
 5.1(10)

 Arbitration and litigation situation of the Company: 
  

	(1)	Two arbitration case between Beijing APTECH Jade Bird Co., Ltd (“Beijing APTECH”) and Beijing Huayu Net Technology Development Co., Ltd. (“Huayu
Net”) 

 On Sep. 21, 2005, Beijing Arbitration Committee rendered arbitral awards of No. (2005) Jing Zhong
Cai Zi Di 0693 and No. 0694, which Huayu Net refused to execute. In Nov. of 2005, Beijing APTECH applied to the People’s Court of Beijing Daxing District, where Huayu Net was located, for the enforcement of the arbitral awards.
Execution Division of the Daxing Court froze Huayu Net’s account, where there is cash of about RMB 140,000 in it, at Ever Bright Bank on Mar. 30, 2006. Huayu Net has handed over education discs and other articles to the Court, and the cash
mentioned above has been transferred to the Court’s bank account. In addition, Huayu Net warranted that it would pay part of the money under the enforcement before Jul. 12, 2006. As of the date of this Disclosure, Huayu Net has paid RMB 239,297
Yuan for enforcement. 
  

	(2)	One arbitration case between Beijing APTECH and Beijing Huayu Tiandi International Education Co., Ltd. 

 On Jun. 1, 2006, Beijing Arbitration Committee made a decision of No. (2006) Jing Zhong Che Zi Di 0163. 
  

	(3)	Three arbitration cases between Beijing APTECH and Huayu Net 

 On Jul. 1, 2006, Beijing Arbitration Committee rendered arbitral awards of No. (2006) Jing Zhong Cai Zi Di 0615, 0538, 0537. 
  

	(4)	Lawsuit between Beijing APTECH and Qingdao Huayu Tiandi Information Technology Co., Ltd., Qingdao Huyu Information Management Training School (under preparation), Huayu
Net 

 Qingdao Municipal Intermediate People’s Court of Shandong Province made a judgment numbered
(2005) QingMin San Chu Zi Di 503 on Oct. 24, 2005. 
 Beijing APTECH has appealed the judgment to Higher
People’s Court, and no judgment of the Court in respect thereof has been made. 

 Administrative penalties that the Company are involved in: 
  

									
	Company	  	Causes	  	Year	  	 Amount of the Penalty
 (unit: thousand)
	  	Notes
	Beijing APTECH	  	Taxes	  	2005	  	5.48648	  	None
	Dalian Xinghai Jade Bird Educational
Information Technology Co., Ltd.	  	Advertisement	  	2006	  	40	  	None
	Yantai Jade Bird Educational Information
Technology Co., Ltd.	  	Penalty made by the company registry	  	2006	  	5	  	None
	The Company	  	Fire Inspection	  	2004	  	1	  	None
	Xicheng Branch of the Company	  	Administrative penalty	  	2006	  	3	  	Caused by the misfeasance of an employee, who is solely liable for such
penalty.

 5.1 (11) 
  

	(1)	Preferential Income Taxes: on Jul. 24, 2007, Haidian District Sate Tax Bureau of Beijing issued the Approval for Application of Beijing APTECH Jade Bird Co., Ltd. for
Enjoying Income Tax Reduction and Exemption as a High and New Technology Enterprise (No. Hai Huo Shui Jian Mian Wai [2002] 4090); 

  

	(2)	Tax disposition order or tax administrative penalty decision: on Sep. 16, 2005, Tax Inspection Division of Handian District Local Tax Bureau of Beijing issued a Tax
Disposition Order (No. Hai Di Shui Chu Li [2005] 230); on Sep. 16, 2005, Tax Inspection Division of Handian District Local Tax Bureau of Beijing issued a Tax Administrative Penalty Decision (No. Hai Di Shui Chu Fa [2005] 147).

 5.1(12) 
  

	(1)	List of Franchise Contracts 

 ACCP 

 

					
	No.	 	Name of Companies	  	Term of Contracts
	 	 	 
	1.      	 	Changsha Niuer Information Technology Co., Ltd.	  	18/05/2001—17/05/2010
	 	 	 
	2.      	 	Changsha Wodun Software Education Centre	  	08/08/2004—08/07/2008
	 	 	 
	3.      	 	Changsha Feixun Information Technology Co., Ltd.	  	20/06/2006—19/06/2011

					
	4.      	 	Zhuzhou Aote Science and Technology Electronic Products Co., Ltd	  	18/11/2002—17/11/2006
	 	 	 
	5.      	 	Ziangtan Jinbeifan Education Group	  	30/07/2003—29/07/2007
	 	 	 
	6.      	 	APTECH Beida Jade Bird Chenzhou Ketai Franchise Training Centre	  	31/12/2003—30/12/2007
	 	 	 
	7.      	 	Hengyang Nanfang Software Training School	  	16/09/2004—16/09/2008
	 	 	 
	8.      	 	Yueyang Haina Software Education Training School	  	12/07/2004—12/07/2008
	 	 	 
	9.      	 	Changde Zhicheng Software Training Centre	  	29/12/2005—28/11/2010
	 	 	 
	10.    	 	Shaoyang Yixing Technology School	  	24/06/2004—23/06/2011
	 	 	 
	11.    	 	Guangdong Guangli Technology Co., Ltd.	  	08/07/2001—07/07/2010
	 	 	 
	12    	 	Guangzhou Keyuan Computer Information Technology Co., Ltd.	  	01/03/2005—28/02/2010
	 	 	 
	13.    	 	Shenzhen Xinshi Technology Development Co., Ltd.	  	09/07/2005—08/07/2010
	 	 	 
	14.    	 	Shenzhen Nanshan District Zhongqing Information Technology Vocational Training Centre	  	09/07/2005—08/07/2009
	 	 	 
	     	 	 	  	 
	 	 	 
	15.    	 	Shenzhen Luohu Kunpeng Vocational Training Center	  	22/01/2006—21/01/2011
	 	 	 
	16.    	 	Shenzhen Jiahu Information and Technology Co., Ltd.	  	08/09/2006—07/09/2006
	 	 	 
	17.    	 	Zhuhai Qiancheng Vocational Training School	  	23/05/2001—22/05/2010
	 	 	 
	18.    	 	Shantou Xinghe Computer Information Technology Co., Ltd.	  	30/11/2002—30/11/2006
	 	 	 
	19.    	 	Guangdong TeleCom Industry Croup Huizhou Co., Ltd	  	20/07/2003—19/07/2007
	 	 	 
	20.    	 	Zhongshan Zhongnan SoftwareVocational Training School	  	18/06/2004—17/06/2008
	 	 	 
	21.    	 	Wuhan Ruijie Information Management Co., Ltd	  	20/08/2001—19/08/2010
	 	 	 
	22.    	 	Wuhan Renjie Information Training Centre	  	26/08/2001—25/08/2010
	 	 	 
	23.    	 	Wuhan Saide Information Technology Co., Ltd.	  	18/07/2004—18/07/2008
	 	 	 
	24.    	 	Wuhan Chuangmei Information Technology Development Co., Ltd.	  	20/02/2005—19/02/2009
	 	 	 
	25.    	 	Wuhan Hongpeng Information Technology Co., Ltd.	  	24/06/2006—23/06/2011
	 	 	 
	26.    	 	Yichang Sirui Computer Vocational Skill Training School	  	01/09/2003—31/08/2007
	 	 	 
	     	 	 	  	 
	 	 	 
	27.    	 	Wuhan Huateng Information Technology Co., Ltd.	  	08/08/2005—31/08/2009

					
	28.    	 	Jingzhou Beiruan Information Technology Co., Ltd.	  	18/04/2006—17/04/2011
	 	 	 
	29.    	 	Suizhou Shike Technology Training School	  	09/11/2006—19/08/2006
	 	 	 
	30.    	 	Chongqing Zuxia Science and Technology Co., Ltd.	  	20/08/2005—19/08/2009
	 	 	 
	31.    	 	Sichuan West Celebrity Chamber Co., Ltd.	  	31/12/2001—30/12/2010
	 	 	 
	     	 	 	  	 
	 	 	 
	     	 	 	  	 
	 	 	 
	32.    	 	Chengdu Jinchen Software Training Centre	  	01/08/2005—31/07/2009
	 	 	 
	33.    	 	Sichuan Shidai College	  	13/06/2006—12/06/2011
	 	 	 
	     	 	 	  	 
	 	 	 
	34.    	 	Kunming Dingdian Information Technology Co., Ltd.	  	30/01/2003—29/01/2007
	 	 	 
	35.    	 	Nanning Zhuangyuanlang Vocational Training School	  	16/03/2005—15/03/2009
	 	 	 
	36.    	 	Liuzhou Longteng Vocational Training School	  	01/01/2006—31/12/2010
	 	 	 
	37.    	 	Guizhou Tianji Computer Vocational Skill Training School	  	26/08/2005 — 25/08/2009
	 	 	 
	38.    	 	Fuzhou Santuo Computer Co., Ltd	  	10/04/2003—31/12/2006
	 	 	 
	39.    	 	Fuzhou Lide Vocational Training School	  	31/01/2003 —30/01/2007
	 	 	 
	40.    	 	Xiamen Bangchu Information Technology Co., Ltd.	  	24/08/2001—23/11/2010
	 	 	 
	41.    	 	Shanghai Amateurism Science and Technology College	  	09/01/2002—08/01/2011
	 	 	 
	42.    	 	Shanghai Qinghui Education Software Science and Technology Co., Ltd.	  	26/07/2004—25/07/2008
	 	 	 
	43,    	 	Shanghai Fuxin Information Technology Co., Ltd.	  	05/07/2006—04/07/2011
	 	 	 
	44.    	 	Shanghai Yueno Information and Technology Co., Ltd.	  	09/08/2006—08/08/2011
	 	 	 
	45.    	 	Nanjing Pulei Information Training School	  	21/09/2001—20/02/2011
	 	 	 
	46.    	 	Nanjing Xietong Computer Information Net Co., Ltd.	  	18/10/2003—17/10/2007
	 	 	 
	47.    	 	Nanjing Jingcheng Information Technology Co., Ltd.	  	10/01/2006—09/01/2010
	 	 	 
	48,    	 	Wuxi Jade Bird Computer Education Co., Ltd.	  	21/06/2006—20/06/2011
	 	 	 
	49.    	 	Wuxi New District Ousuo Software Co., Ltd.	  	18/07/2001—17/07/2010
	 	 	 
	50.    	 	Suzhou Computer Personnel Training Center	  	15/10/2001—14/10/2010
	 	 	 
	51.    	 	Nantong Science and Technology Personnel Training College	  	20/10/2001—19/11/2010
	 	 	 
	52.    	 	Changzhou Qinruan Information Technology Co., Ltd.	  	18/10/2002—17/10/2006

					
	 	 	 
	 53.
	  	Xuzhou Zhongbo Software Co., Ltd	  	26/02/2003—25/02/2007
	 		 
	 54.
	  	Xuzhou Xinglin Information Technology Co., Ltd.	  	22/08/2005—21/08/2009
	 		 
	 55.
	  	Jiangxi Feichuang Education Co., Ltd.	  	15/02/2003—16/02/2007
	 		 
	 56.
	  	Hebei Xinlong Information Technology Vocational Training School	  	01/04/2002—31/03/2011
	 		 
	 57.
	  	Beijing Xinbeigao Education Science and Technology Co., Ltd	  	26/09/2002—25/09/2006
	 		 
	 58.
	  	Tangdhang Hongji Vocational Training School	  	01/03/2004—28/02/2008
	 		 
	 59.
	  	Qinhuangdao Shengbang Vocational Training School	  	07/04/2004—06/04/2008
	 		 
	 60.
	  	Handan Aoxiang Information Technology Co., Ltd.	  	08/03/2006—07/03/2011
	 		 
	 	  	     	  	 
	 		 
	 61.
	  	Zhengzhou Jinshui District Huiwen Education Training School	  	25/05/2002—24/05/2006
	 		 
	 62.
	  	Henan Huarui Information Technology Co., Ltd.	  	09/06/2006—08/06/2011
	 		 
	 63.
	  	Tianjin Jietong Century Net Science and Technology Co., Ltd	  	08/03/2006—07/03/2011
	 		 
	 64.
	  	Tianjin Lanbaijin Computer Education Co., Ltd.	  	12/07/2001—11/07/2010
	 		 
	 65.
	  	Beijing Chaoyang District Zhaoyang Software Education Training School	  	18/05/2006—17/05/2011
	 		 
	 66.
	  	Jinan Gaoxin Shichuang Software Engineering Co., Ltd	  	16/10/2001—15/10/2010
	 		 
	 67.
	  	Qingdao Zhongxin Science and Technology Specialization School	  	01/07/2003—01/07/2007
	 		 
	 68.
	  	Xi’an Zhaolong Computer Training Center	  	10/08/2003—09/08/2007
	 		 
	 69.
	  	Xi’an Yanta Dstrict APTECH Jade Bird Bicheng Franchise Training School	  	01/01/2003—31/12/2006
	 		 
	 70.
	  	Taiyuan Yilong Science and Technology Development Co., Ltd.	  	18/02/2003—17/02/2007
	 		 
	 71.
	  	Gansu Siwei Education Software Co., Ltd	  	15/10/2001—14/10/2010
	 		 
	 72.
	  	Harbin Nangang District Compass Computer Training School	  	18/08/2003—17/08/2007
	 		 
	 73.
	  	Daqing Beida Jade Bird APTECH Computer Training School	  	18/08/2003—17/08/2007
	 		 
	 74.
	  	Chuangchun Dongrun Science and Trade Co., Ltd.	  	18/09/2001—17/09/2010
	 		 
	 75.
	  	Jilin Zhiben Dongli Computer Information Technology Co., Ltd.	  	19/06/2002—18/06/2006
	 		 
	 	  	     	  	 

					
	 	 	 
	 	  	     	  	 
	 		 
	 	  	     
	  	 
	 		 
	 	  	     	  	 
	 		 
	 76.
	  	Shenyang Kaitian Information Technology Training Center	  	20/03/2002—20/03/2011
	 		 
	 77.
	  	Chaoyang Tianlu Information and Technology Service Co., Ltd.	  	27/09/2006—26/09/2011
	 		 
	 78.
	  	Beijing Jiayin Flagship Science and Technology	  	26/12/2003—25/12/2007
	 		 
	 79.
	  	Beijing Zhaoyang Technology Training Center	  	19/06/2006—18/06/2011
	 		 
	 80.
	  	Beijing Chaoyang Zhaoyang Software Education and Training School	  	 
	 		 
	 81.
	  	Beijing Peking University Education Investment Co., Ltd.	  	28/02/2004—27/02/2008
	 		 
	 82.
	  	Beijing Tangcheng Information Technology Co., Ltd.	  	19/03/2005—18/03/2009
	 		 
	 83.
	  	Beijing Tiancan Information Technology Co., Ltd.	  	18/02/2005—17/02/2009
	 		 
	 84.
	  	Beijing Hexin Yongxin Software Service Co., Ltd.	  	03/04/2005—02/04/2009
	 		 
	 85.
	  	Beijing Beijing Yuanfan Information Technology Co., Ltd.	  	29/06/2005—28/06/2009
	 		 
	 86.
	  	Inner Mongolia Zhongshan Software Specialization College	  	01/12/2002—30/11/2006
	 		 
	 	  	     	  	 
	 		 
	 87.
	  	Urumchi Yingjie Computer Training School	  	19/02/2005—18/02/2009

 BENET 
  

					
	No.	  	Name of Companies	  	Validity Period
	 		 
	 1.
	  	Zhuhai Qiancheng Vocational Training School	  	01/07/2004—30/06/2009
	 		 
	 	  	     	  	 
	 		 
	 2.
	  	Guangzhou Meicheng Education Information Co., Ltd.	  	10/11/2004—10/11/2009
	 		 
	 3.
	  	Guangzhou Xiangji Lide Science and Technology Co., Ltd.	  	06/11/2005—05/11/2010
	 		 
	 4.
	  	Shenzhen Xinshi Science and Technology Development Co., Ltd.	  	01/05/2004—01/05/2009
	 		 
	 5.
	  	Shenzhen Nanshan District Zhongqing Information Technology Vocational Training Co., Ltd.	  	08/02/2006—07/02/2011

					
	 	 	 
	 6.
	  	Shenzhen Jiahua Information Technology Co., Ltd.	  	12/03/2006—11/03/2011
	 		 
	 7.
	  	Guizhou Tianji Computer Vocational Skill School	  	14/03/2006—13/03/2011
	 		 
	 8.
	  	Hunan Shida Chemical Industry Development Co., Ltd/	  	18/05/2004—17/05/2009
	 		 
	 9.
	  	Changsha Shili Commercial Service Co., Ltd.	  	18/06/2005—17/06/2010
	 		 
	 10.
	  	Zhuzhou Aote Science and Technology Electronic Products Co., Ltd.	  	20/09/2004—19/09/2009
	 		 
	 11.
	  	Xiangtan Jinfan Education Group	  	16/06/2006—15/06/2011
	 		 
	 12.
	  	Wuhan Guanggu Vocational Skill Training Centre	  	06/07/2004—05/07/2009
	 		 
	 13.
	  	Wuhan Mingsheng Electronic Information Technology Co., Ltd.	  	18/06/2005—17/06/2010
	 		 
	 14.
	  	Xiangfan Hengrui Vocational Training Centre	  	21/01/2006—20/01/2011
	 		 
	 15.
	  	Yichang Qianshuo Computer Information Technology Co., Ltd.	  	09/02/2006—08/02/2011
	 		 
	 16.
	  	Nanjing Xietong Computer Information Net Co., Ltd.	  	01/08/2004—31/07/2009
	 		 
	 17.
	  	Suzhou Industry Park Yiyang Science and Technology Co., Ltd.	  	23/09/2004—22/09/2009
	 		 
	 18.
	  	Wuxi Zhiyuan Computer Education Co., Ltd.	  	29/11/2005—28/11/2010
	 		 
	 19.
	  	Xuzhou Lanhai Computer Training Centre	  	23/04/2006—22/04/2011
	 		 
	 20.
	  	Hangzhou Pioneer Net Technology Education Training Co., Ltd.	  	29/03/2004—29/03/2009
	 		 
	 21.
	  	Hangzhou Hantian Net Science and Technology Co., Ltd.	  	19/11/2004—18/11/2009
	 		 
	 22.
	  	Hangzhou Sanjie Information Technology Co., Ltd.	  	17/04/2006—16/04/2011
	 		 
	 23.
	  	Ningbo Noxiang Vocational Training School	  	01/08/2005—31/07/2010
	 		 
	 24.
	  	Shanghai Xianrui Computer Technology Training Co., Ltd.	  	01/08/2004—30/07/2009
	 		 
	 25.
	  	Shanghai Yundeng Computer Science and Technology Co., Ltd.	  	10/10/2004—09/10/2009
	 		 
	 26.
	  	Shanghai Yundeng Computer Science and Technology Co., Ltd.	  	31/03/2005—30/03/2010
	 		 
	 27.
	  	Shanghai Desheng Culture Refreshment School	  	20/11/2004—19/11/2009
	 		 
	 28.
	  	Beijing North Huateng Technology Training Centre	  	20/07/2004—19/07/2009

					
	 	 	 
	 29.
	  	Beijing Guohuayuan Education Information Co., Ltd.	  	16/08/2004—01/10/2009
	 		 
	 30.
	  	Beijing Xuezhitang Culture Education Training Co., Ltd.	  	26/10/2004—25/10/2009
	 		 
	 31.
	  	Beijing Sinuo Xianglun Science and Technology Co., Ltd	  	28/12/2004—27/12/2009
	 		 
	 32.
	  	Beijing Qinchi Science and Technology Development Co., Ltd.	  	11/11/2004—10/11/2009
	 		 
	 33.
	  	Beijing Jiayin Flagship Science and Technology Development Co., Ltd.	  	31/12/2004—30/12/2009
	 		 
	 34.
	  	Beijing Yita Zeren Information Technology Co., Ltd.	  	19/02/2005—18/02/2010
	 		 
	 35.
	  	Beijing Boke United Net Information Technology Co., Ltd.	  	08/06/2005—07/06/2010
	 		 
	 36.
	  	Beijing Kehai Rixing Technology Training Co., Ltd.	  	06/06/2005—05/06/2010
	 		 
	 37.
	  	Beijing Zhiyuan Xunjie Technology Co., Ltd.	  	25/09/2005—24/09/2010
	 		 
	 38.
	  	Beijing Jingcheng United Net Education Science and Technology Co., Ltd.	  	30/06/2006—29/07/2011
	 		 
	 39.
	  	Beijing Zhibohengyuan Technology Co,. Ltd.	  	18/08/2006—17/08/2011
	 		 
	 40.
	  	Xi’an Zhaolong Computer Training Centre	  	02/11/2004—01/11/2009
	 		 
	 41.
	  	Gansu Xiyu Xiangyun Vocational Training School	  	18/06/2005—17/06/2010
	 		 
	 	  	     	  	 
	 		 
	 42.
	  	Harbin Nangang District Compass Computer Training School	  	18/05/2004—17/05/2009
	 		 
	 43.
	  	Daliang maocin Science and Technology Training School	  	25/03/2005—24/03/2010
	 		 
	 44.
	  	Liancheng Dongchengfu District Sichuang Computer Training Co., Ltd.	  	25/03/2005—24/03/2010
	 		 
	 45.
	  	Yizhou Liangzhong Science and Technology Co., Ltd.	  	28/08/2004—28/08/2009
	 		 
	 46.
	  	Zhengzhou Xiangtian Homing Pigeon Science and Technology Co., Ltd.	  	10/02/2006—09/02/2011
	 		 
	 47.
	  	Luoyang Hongzhuo Electronic Information Technology Co., Ltd.	  	05/07/2006—04/07/2011
	 		 
	 48.
	  	Heibei Shengban Information Co., Ltd.	  	17/08/2006—16/08/2011
	 		 
	 49.
	  	Tianjing Longhe Science and Technology Development Co., Ltd.	  	04/04/2006—03/04/2011

 BETEST 
  

					
	No.	  	Name of Companies	  	Term of Contracts
	 	 	 
	     	  	 	  	 
	 	 	 
	1.	  	Beijing Test Times Xinxi Information Technology Co., Ltd.	  	01/10/2005—30/09/2010
	 	 	 
	2.	  	Beijing Chunyou Pilotage Science and Technology Co., Ltd	  	01/04/2006—31/03/2011
	 	 	 
	3.	  	Beijing Test Space Science and Technology Co., Ltd	  	26/01/2006—25/01/2011
	 	 	 
	4.	  	Zhuhai Qiancheng Vocational Training School	  	01/09/2005—31/08/2010
	 	 	 
	5.	  	Shenzhen Futian District Xinshi Vocational Training Centre	  	06/04/2006—05/04/2011
	 	 	 
	6.	  	Wuhan Feilong Information Technology Co., Ltd.	  	16/01/2006—15/01/2011

 Franchise Contracts that have been signed but not performed: 
  

									
	Name of Companies	  	 Signing
 Date
	  	Term of Contracts	  	 Franchised
 Products
	  	Current Status
	     	  	 	  	 	  	 	  	 
	     	  	 	  	 	  	 	  	 
	     	  	 	  	 	  	 	  	 
	     	  	 	  	 	  	 	  	 
	     	  	 	  	 	  	 	  	 
	Nanjing Sibida Education Co., Ltd.	  	23/08/2006	  	23/11/2006—22/11/2011	  	ACCP	  	With the second batch of start-up materials delivered.
	Shanghai Rongwei Information and Technology Co., Ltd.	  	24/08/2006	  	16/12/2006—15/12/2011	  	ACCP	  	With the second batch of start-up materials delivered.
	Dongguang Yuanjian Software Technology Development Co,. Ltd.	  	16/09/2006	  	16/12/2006—15/12/2011	  	ACCP	  	With the first batch of start-up materials delivered.
	Xi’an Hesheng Printing Co., Ltd.	  	20/09/2006	  	20/12/2006—19/12/2011	  	ACCP	  	With the first batch of start-up materials delivered.
	Shenzhen Weiwen Investment Development Co., Ltd.	  	28/09/2006	  	28/12/2006—27/12/2011	  	ACCP	  	With the first batch of start-up materials delivered.
	Fujian Saidi Net Co., Ltd.	  	26/09/2006	  	26/12/2006—25/12/2011	  	ACCP	  	With the first batch of start-up materials delivered.

									
	Yantai Branch of Beijing Zhongxing Yuandong Technology
Development Co., Ltd.	  	12/10/2006	  	12/01/2007—11/01/2012	  	BENET	  	With the first batch of start-up materials
delivered.
	Jiangsu Leidu Education Co., Ltd.	  	08/09/2006	  	08/12/2006—07/12/2011	  	BENET	  	With the first batch of start-up materials delivered.

  

	(2)	House Lease Contracts 

  

							
	No.	  	Name of Companies	  	Signing Date	  	Term of Contracts
	 	 	 	 
	1.	  	Shanghai Higher Learning Institution Rear Service Center	  	23/03/2006	  	18/05/2006—17/05/2011
	 	 	 	 
	2.	  	Fuzhou Industry Exhibition Plaza Co., Ltd.	  	24/03/2006	  	20/03/2006—19/03/2010
	 	 	 	 
	3.	  	Beijing Anzhen Century Realty Co., Ltd Yangzhou Branch	  	31/03/2006	  	05/05/2006—04/05/2011
	 	 	 	 
	4.	  	Kunming Sport Industry Development Center	  	2006	  	05/01/2006—05/02/2011
	 	 	 	 
	5.	  	Xiamen Baoheng Trading Co., Ltd.	  	24/03/2006	  	15/03/2006—14/03/2010
	 	 	 	 
	6.	  	Qingdao Huayin Real Estate Development Co., Ltd.	  	15/03/2006	  	01/05/2006—30/04/2011
	 	 	 	 
	7.	  	Beijing Peng’an Science and Technology Hatcher Co., Ltd.	  	22/03/2005	  	22/03//2005—11/04/2010
	 	 	 	 
	8.	  	Tianjin Communication Administration Service Center	  	23/01/2005	  	24/01/2005—24/01/2008
	 	 	 	 
	9.	  	Chongqing Wanma Industrial Co. Ltd	  	25/12/2004	  	25/12/2004—25/12/2009
	 	 	 	 
	10.	  	Guangzhou Xingzheng Industrial Co., Ltd.	  	01/07/2005	  	01/08/2005—31/07/2010
	 	 	 	 
	11.	  	Beijing Peony Electronic Group Co., Ltd.	  	2005	  	01/01/2005—31/12/2009
	 	 	 	 
	12.	  	Shanghai Youth Center	  	02/02/2005	  	01/03/2005—28/02/2010
	 	 	 	 
	13.	  	Hangzhou Westlake Science and Technology Growth Co. Ltd.	  	25/05/2005	  	01/06/2005—14/06/2010
	 	 	 	 
	14.	  	Trading Center of Yantai Development Zone	  	18/01/2006	  	20/02/2006—19/02/2011
	 	 	 	 
	15.	  	Liu Wenying	  	17/01/2006	  	01/04/2006—31/03/2011
	 	 	 	 
	16.	  	Zhenjiang Keda Rear Service Assets Management Company	  	23/12/2005	  	10/02/2006—10/02/2011
	 	 	 	 
	17.	  	Fifth Research Institute of Electronic Communication	  	04/01/2006	  	20/02/2006—19/02/2011

							
	 	 	 	 
	18.	  	Shenzhen Shum Yi Logistics Group Holdings Co., Ltd.	  	20/01/2006	  	01/02/2006—28/02/2009
	 	 	 	 
	19.	  	Guangzhou Liyuan Property Management Co., Ltd.	  	23/03/2005	  	01/03/2005—14/05/2009
	 	 	 	 
	     	  	 	  	 	  	 
	 	 	 	 
	20.	  	Nantong Department Store Co., Ltd.	  	01/01/2006	  	04/02/2006—03/02-2011
	 	 	 	 
	21.	  	Hefei Worker’s Cultural Complex	  	27/12/2005	  	25/12/2005—24/12/2010
	 	 	 	 
	22.	  	Shenyang Hengji Industrial Co., Ltd.	  	28/12/2005	  	01/03/2006—28/02/2011
	 	 	 	 
	23.	  	Beijing Jingdu Ronghua Property Management Co., Ltd.	  	12/10/2002	  	12/10/2002—11/10/2007

  

	(3)	Teaching Materials Printing Contracts 

 Beijing
APTECH and Zhuhai Hamah Industrial Co., Ltd. entered into ACCP Enlightening Star Printing Contract, BETEST Printing Contract, ACCP Printing Contract and BENET Printing Contract on Dec. 28, 2005. 
  

	(4)	Purchase Contract 

 Beijing APTECH and Shenzhen
Founder Information System Co., Ltd. entered into Project Beda Jade Bird Sale Contract on Dec. 22, 2005. 
  

	(5)	AD Contract 

 Beijing APTECH and Beijing Yibang
Zongheng Ad-agency Co., Ltd. entered into contract on Feb. 28, 2006; 
 Beijing APTECH and Beijing Yibang Zongheng Ad-agency Co., Ltd.
entered into Ad-release contract on Apr. 21, 2006; 
  

	(6)	Public Relation Contract 

 Beijing APTECH and
Beijing Pinovate Consulting Co., Ltd. entered into PR Agency Contract on Jan. 28, 2006. 
  

	(7)	WDP Contract 

 Beijing APTECH and Beijing Oracle
Software System Co., Ltd. entered into Oracle Workforce Development Program (“WDP”) Contract. 
 5.1 (13) 
  

	(1)	Related transaction between or among the Company and its shareholders or its related companies 

	 	a)	In 2006, the Company and Beijing Beida Jade Bird Software System Company entered into Trade Mark Registration and Licensing Agreement; 

  

	 	b)	The Company, Beijing APTECH and Guangzhou Beida Jade Bird Education Information Co., Ltd, Shanghai Beida Jade Bird Educational Information Technology, Beijing Beida
Jade Bird Co., Ltd. entered into Share Transfer Agreement on Mar. 18, 2005; and entered into Supplementary Agreement on Mar. 31, 2005. 

  

	 	c)	Beijing APTECH and PUEI entered into Single Spot Franchise Training Agreement on Nov. 26, 2003; 

  

	 	d)	Other related transaction: 

 The
Company entered into a contract with Beijing Beida Jade Bird Co., Ltd. on Mar. 3, 2005, with a sum receivable of RMB 2.24 million. 
  

	(2)	Related Transaction between the Company and Beijing APTECH 

  

	 	a)	The Company and Beijing APTECH entered into Franchise Agreement of Training Program on Jan. 16, 2005; 

  

	 	b)	The Company and Beijing APTECH entered into Adjusted Agreement of the Licensed Business on Dec. 16, 2005; 

  

	 	c)	The Company and Beijing APTECH entered into Franchise Agreement on Curriculum Exchange within the territory of China on Dec. 20, 2005; 

  

	 	d)	The Company and Beijing APTECH entered into BETEST (Software Test) Products, IP Transfer Contract. 

 5.1 (14) 
 Beijing APTECH is the legal
register of the following registered trade marks: 
  

	(1)	Trade Mark of No. 3135109 

  

	(2)	Trade Mark of No. 3135113 

  

	(3)	Trade Mark of No. 3135114 

  

	(4)	Trade Mark of No. 3133936 

  

	(5)	Trade Mark of No. 3133937 

  

	(6)	Trade Mark of No. 3140170 

  

	(7)	Trade Mark of No. 3140172 

  

	(8)	Trade Mark of No. 3135107 

  

	(9)	Trade Mark of No. 3140168 

  

	(10)	Trade Mark of No. 3140173 

  

	(11)	Trade Mark of No. 3140165 

  

	(12)	Trade Mark of No. 3140167 

  

	(13)	Trade Mark of No. 3140166 

  

	(14)	Trade Mark of No. 3140164 

 The Company
currently is licensed to use the trademarks of no. (1) to no. (8) listed above. 
 For information of litigation and arbitration in
connection with the IP, please refer to 5.1(10).Translation of Form of Franchise Agreement for ACCP Program

 Exhibit 10.18 
 Contract No. 
 ACCP Software Engineers Training Program 

 Franchise Contract 
 (Single-Site; for Execution by Natural Persons) 
 Beijing APTECH Beida Jade
Bird Information Technology Co., Ltd. 

 Table of Contents and List of Exhibits 
  

					
	Article 1	  	Definitions	  	1
	Article 2	  	Grant and Exploitation of Franchise	  	5
	Article 3	  	Assignment of Franchise	  	5
	Article 4	  	Relationship and Status of the Parties	  	6
	Article 5	  	Payment of the Participation Fee and Other Fees	  	6
	Article 6	  	Information Disclosure	  	7
	Article 7	  	Representations of the Parties	  	8
	Article 8	  	 Determination of the Location of Training Center and Establishment and Furnishing Thereof and Equipment Procurement Therefore

	  	9
	Article 9	  	Staffing of the Training Center	  	10
	Article 10	  	Training of Trainers	  	11
	Article 11	  	Market Publicity and Enrollment Advertising	  	11
	Article 12	  	Examination Processes and Issuance of Certificates	  	13
	Article 13	  	Party A’s Support Management to the Operation of the Training Center	  	14
	Article 14	  	Use of Trademarks and Intellectual Property Protection	  	15
	Article 15	  	Confidentiality Provisions	  	17
	Article 16	  	Non-Competition	  	17
	Article 17	  	Termination of Agreement and Liability for Breach	  	18
	Article 18	  	Termination and Renewal	  	19
	Article 19	  	Termination and Liabilities of the Parties after Termination	  	20
	Article 20	  	Termination by Party B	  	21
	Article 21	  	Term of this Agreement	  	21
	Article 22	  	Dispute Resolution and Governing Law	  	21
	Article 23	  	Miscellaneous	  	21

  

 - i - 

			
	Party A:	    	Beijing APTECH Beida Jade Bird Information Technology Co., Ltd.
	Address:	    	2/F, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing
	Legal Representative:	    	Pramod Khera
	Contact Phone No.:	    	010-62768866
	Postcode:	    	100871

 Party B (Franchisee): 
 Address: 
 Legal Representative: 
 Contact Phone No.: 
 Postcode: 
 Abiding by the principle of mutual benefit and common development, upon amicable discussions in the spirit of equality, voluntariness, honesty and trustworthiness, Party A and Party B, under the Contract
Law of the People’s Republic of China, the Regulations on the Administration of Commercial Franchise Operations and relevant laws and regulations, have reached, for mutual compliance and performance, the following agreement in respect of the
grant by Party A to Party B of the “ACCP Software Engineers Training Program Franchise” and the permission to conduct business operations at the Designated Site: 
 Article 1 Definitions 
 In this Agreement, the following terms shall have
the following meanings: 
 1.1 “Party A” is a limited liability company incorporated in Beijing under the laws of the
People’s Republic of China, with the registration number Qi He Jing Zong Fu Zi No. 014196 and its business term running from September 23, 1999 until September 22, 2049. 
 1.2 “Party B” means the franchise participation applicant applying to Party A for the grant of the ACCP Software Engineers
Training Program Franchise and entering into this Contract (“Franchise Applicant”) and the training center confirmed as such by Party A, which has been established by Party B for the performance of the rights and obligations hereunder.

 1.3 “ACCP Software Engineers Training Program Franchise” means the registered trademarks “Beida Jade Bird
APTECH” and “ACCP” (including word trademarks, figurative trademarks and combination trademarks); relevant Beida Jade Bird APTECH logos; the overall CI and VI systems, the operating and management methods and the teaching model of
Beida Jade Bird APTECH; the professionalized ACCP curriculum system, examination and certification system, service support systems, service logos, service quality standards, management rules, textbooks, training materials and other operating
resources licensable by Party A to others. 

 1.4 “Beida Jade Bird APTECH Franchise Operation System” means the distinctive IT
training system established by Party A which grows and expands through the implementation of the Beida Jade Bird APTECH Franchise licensable by Party A to others. 
 1.5 “Designated Site” means the site in respect of which Party A grants to Party B the ACCP Software Engineer Training Program Franchise and licenses Party B to conduct the operating activities
of such licensed program; such site shall be specific as to its building, door plate, street and district information and shall be the unique one. 
 1.6 “Training Center” means a computer technology training-qualified limited liability company or privately-sponsored education entity registered by Party B at the Designated Site under the laws
and regulations of the People’s Republic of China for the purpose of the performance hereof. 
 1.7 “Participation
Fee” means the one-off payment to be made by Party B to Party A during the term of this Contract for the obtaining of the ACCP Software Engineer Training Program Franchise. 
 1.8 “Tuition Fee” means the tuition charged by Party B in respect of its enrolled students in accordance with the standards of
Party A. 
 1.9 “Examination and Certification Fee” means the examination and certification fee charged by Party B in
respect of its enrolled students in accordance with the standards of Party A. 
 1.10 “Textbook Fee” means the
textbook fee charged by Party B in respect of its enrolled students in accordance with the standards of Party A. 
 1.11
“Franchise Royalty” means the fee to be paid by Party B in accordance with the percentages fixed hereunder during the term of this Contract in respect of the operating activities of the authorized program under the ACCP Software Engineer
Training Program Franchise. 
 1.12 “Advertisement Funds” means the advertisement fee to be paid by Party B to Party A
or a third party designated by Party A in accordance with the unified requirements of Party A during the term of this Contract. Such fee shall be divided into the annual advertisement fund and the provisional and regional advertisement fund and
shall be used by Party A in a centralized manner entirely towards the publicity, promotion and advertisement of the Beida Jade Bird APTECH brand as a whole and the enhancement of the influence thereof. 
 1.13 “Remedy Notice” means a notice from Party A requesting Party B to cure or remedy its violations or
breaches which have occurred during the implementation of this Contract. Such notice may be in writing and may be served on the other Party by fax, post or email, etc., and shall be deemed served on the 10th business day following the day on which it is given. Party A may
also publish the content of the Remedy Notice within the Beida Jade Bird APTECH Franchise Operation System. 
  

 - 2 - 

 1.14 “Related Person” means: 
  

	 	1.14.1	Franchise Applicant; the headmaster, deputy headmaster, general manager, deputy general manager, student enrollment director, teaching director or director of the
training center; director or any shareholder, investor or sponsor directly or indirectly owning 10% or more of the equity of the training center; 

  

	 	1.14.2	the spouse, parents, brothers and sisters and sons and daughters of the foregoing persons. 

 1.15 “Actual Controlling Person” means a person, while not being a shareholder, investor or sponsor of the company, exercises
actual control over the conduct of the relevant company and the training center through investment relationship, agreement or other arrangement. 
 1.16 “IT Training” means any IT education training service and education product offered to individuals, enterprises, institutional clients (including without limitation advanced vocational
schools, advanced professional schools, undergraduate and other education institutions) in the following fields: (1) software engineering, software development, software application, including without limitation software development, software
testing, software project management, software system integration, and software system maintenance; (2) network engineering, network design and network applications, including without limitation network design, network security, network
environment construction, network system integration, network system configuration, network technology application, network service maintenance and website construction; (3) 3D and online games, including without limitation the creation of
online games, PC games, TV games, cell phone games; original drawing; 3D modeling, creation of pictures, cartoons, CG animation, etc; (4) computer hardware, including without limitation the production and manufacturing of computers and
electronic devices; and the maintenance, assembly and testing of computer hardware. 
 1.17 “Management Rules” means
relevant business principles, operating requirements and operating rules established (or, as may be supplemented and updated by Party A in accordance with business and market conditions) by Party A for the purpose of implementing the management and
control of Beida Jade Bird APTECH Franchise Operation System in accordance with the needs and development conditions of the company and notified to Party B (through the means of printed manuals, fax, email, etc.) for the purpose of governing the
training centers of Beida Jade Bird APTECH Franchise Operation System (including Party B), which cover, among others, operations management, personnel management, brand management, publicity management, consulting management, teaching management,
student management, job placement management, fee standards, etc. 
  

 - 3 - 

 1.18 “S1” means the first semester. 
 1.19 “S2” means the second semester. 
 1.20 “Y2” means the second schooling year. 
 1.21 “Current
Students” means students in respect of whom Party B has charged the book expenses, tuition fee and examination fee but has not yet completed the teaching and certification services corresponding to such charges. 
 1.22 “Web Infringements” means infringements of the intellectual property of Party A as may be committed through the web by Party
B, a Related Person , or an enterprise or other economic organization of which Party B or a Related Person is the Actual Controlling Person after termination of this Contract, including without limitation: (1) the making and dissemination of
web media containing the trademarks or logos of Party A; (2) the making and dissemination of web media related to the past cooperation relationship between Party A and Party B, which misleads a third party as to the then relationship between
Party A on one hand, and Party B, or the Related Person, or an enterprise or other economic organization of which Party B or a Related Person is the Actual Controlling Person, on the other; or which seeks to enhance their own reputation and
influence by referring to the past cooperation relationship with Party A; (3) the making and dissemination of web media containing the foregoing content through a third party; and (4) infringement of the intellectual property of Party A
arising from any failure of Party B to withdraw or revoke web media containing the foregoing content made or disseminated during the term hereof. 
 1.23 “Printing Product Infringements” means infringements of the intellectual property of Party A as may be committed through printed products by Party B, a Related Person , or an enterprise or
other economic organization of which Party B or a Related Person is the Actual Controlling Person after termination of this Contract, including without limitation: (1) the printing of print products containing the trademarks or logos of Party
A, such as publicity leaflets, advertising posts, advertising road signboards, etc.; (2) the making and dissemination of printing media related to the past cooperation relationship between Party A and Party B, which misleads a third party as to
the then relationship between Party A on one hand, and Party B, or the Related Person, or an enterprise or other economic organization of which Party B or a Related Person is the Actual Controlling Person, on the other; or which seeks to enhance
their own reputation and influence by referring to the past cooperation relationship with Party A; (3) the making and dissemination of printing media containing the foregoing content through a third party; and (4) infringement of the
intellectual property of Party A arising from any failure of Party B to withdraw or revoke printing media containing the foregoing content made or disseminated during the term hereof. 
  

 - 4 - 

 Article 2 Grant and Exploitation of Franchise 
 2.1 Party B, of its own will and accord, applies to participate in the Beida Jade Bird APTECH Franchise Operation System. Upon grant of the
ACCP Software Engineers Training Program Franchise, Party B will be entitled to operate the Training Center and conduct at the Designated Site the business activities of training “ACCP Software Engineers” in the name of an authorized
training center recognized as such by Party A. 
 2.2 Party A authorizes Party B to conduct the ACCP Software Engineers training
program at the Designated Site only and Party B shall not enjoy any exclusivity as to region, market, client or otherwise, within its approved geographic area. Party A shall have the right enter into any agreement, contract, letter of intent, etc.
on the same or similar terms as this Contract with any third party meeting its conditions within the geographical authorized under this Contract, and authorize such third party to conduct the same or similar IT training activities as Party B.

 2.3 Party B is willing to accept the expertise and services provided by Party A and will establish and operate the Training
Center and conduct the business activities of training ACCP Software Engineers under the unified management and service of Party A and in accordance with the unified operating model, working procedures and Management Rules of Party A. 
 2.4 During the term of this Contract, the Training Center shall be established only for the purpose of performing this Contract and shall
not conduct any business other than the operations franchised by Party A. The Training Center shall ensure that the franchised operations are conducted independently and shall ensure its full independence in terms of premises, personnel and
equipment. 
 2.5 In the event of a breach of this provision by Party B, Party A may dispatch a Remedy Notice to Party B and
shall have the right to impose applicable penalties on Party B in accordance with the Management Rules established by Party A. 
 Article 3
Assignment of Franchise 
 3.1 Without written consent of Party A, Party B shall not assign the franchise hereunder to any
third party. 
 3.2 Without written consent of Party A, Party B shall not assign the franchise hereunder neither by assigning
the Training Center to a third party nor by contracting out the operation right of the Training Center or otherwise. 
  

	 	3.2.1	If Party B invests in and sets up a limited liability company (“Operating Company”) to operate the Training Center, then, without written consent of Party A,
Party B shall not assign its equity in such Operating Company. 

  

 - 5 - 

	 	3.2.2	If the Operating Company invests in and sets up an education and training entity which effectively operates the Training Center, then without written consent of Party
A, Party B or such Operating Company shall not assign their investment in such education and training entity nor shall the shareholding structure of such Operating Company be subjected to any change. 

 3.3 Party B shall ensure continuing control over the Training Center and shall hold no less than 35% of the equity interest in the Training
Center. 
 3.4 Party B shall within ten (10) days of lawful establishment of the Training Center submit to Party A for
record a photocopy of the business license, articles of association, shareholder (investor) register, tax registration certificate, organization and institution code certificate and other incorporation materials of the Training Center. 

3.5 In the event of a material change to the Training Center, including without limitation a change of the shareholders, legal
representative (responsible person/investor/sponsor), an increase or decrease of registered capital, a change of the shareholding structure, asset transfer, a written consent thereto shall be obtained from Party A and relevant materials shall be
submitted to Party A for record in accordance with the Management Rules of Party A. 
 3.6 If, during the term of this Contract,
Party A assigns the franchise operation right to its parent company or its fully-owned subsidiary due to its business development needs, Party A shall notify Party B accordingly and this Contract shall remain valid, with the powers and obligations
of Party A hereunder to be enjoyed or performed by such parent company or fully-owned subsidiary of Party A. 
 Article 4 Relationship and
Status of the Parties 
 4.1 Party A and the Training Center shall be mutually independent economic organizations, shall
operate independently, shall conduct accounting independently, and shall be liable for their own profits and losses. 
 4.2
Other than the rights and obligations set out hereunder, there shall exist no joint investment, agency, contracting or any other civil legal relationship between Party A and Party B. 
 4.3 Party A and Party B shall each be responsible for its own business activities and no Party shall be held jointly and severally liable in
whatsoever manner for the debts of the other Party. 
 Article 5 Payment of the Participation Fee and Other Fees 
 5.1 The Participation Fee shall be in the full amount of RMB            
and shall be paid by Party B to Party A on a lump-sum basis within three (3) business days of the date of execution of this Contract. Payment of the Participation Fee is a condition precedent

  

 - 6 - 

 
to the effectiveness of this Contract. Party B shall have the right to request an unconditional refund within three (3) days of the effectiveness of this Contract, provided that upon expiry
of such three (3) day period, the Participation Fee shall not be refunded irrespective of whatever may occur thereafter. 
 5.2 Franchise Royalty. Party B shall pay the applicable Franchise Royalty to Party A on the basis of the number of students actually enrolled by it in each semester, in an amount equal to the sum of 20% of the Tuition Fee of each semester,
80% of the Textbook Fees and 80% of the Examination and Certification fees. Such Franchise Royalty (including Tuition Fee, Textbook Fees and Examination and Certification fees) shall be paid to Party A simultaneously with the ordering by Party B of
the textbooks of each semester on the basis of the ordered quantity of textbooks. 
 5.3 Party B shall charge its enrolled
students each and every fee in accordance with the fee standards established by Party A and Party B shall order the textbooks of each semester in accordance with the number of its actually enrolled students in each semester. Party B shall not order
textbooks and other training materials from any third party nor shall it reproduce textbooks and training materials in any manner that infringes the intellectual property of Party A. 
 5.4 Party B may by way of cheque, bank remittance or other valid means pay the foregoing amounts into the bank account designated by Party A
below: 
 Account Name:             Beijing APTECH Beida Jade Bird
Information Technology Co., Ltd. 
 Opening Bank:
             Haidian Branch, Citic Bank 
 Account No.:
                7111 5101 8240 0005 791 
 Article 6
Information Disclosure 
 6.1 Party A and Party B acknowledge that thirty (30) days before the conclusion of this
Contract, Party A has disclosed in writing relevant information as set out in Article 22 of the Regulations on the Administration of Commercial Franchise Operations and has provided a copy of this Contract to Party B. Party B has fully researched
and understood such information and the content of this Contract and, has, in respect of any content or statement in the information disclosed by Party A that may appear uncertain to it, acquired full understanding upon further explanations of Party
A and does not have any misunderstanding or ambiguous reading in respect of the information disclosed by Party A. 
 6.2 Party B
has fully and thoroughly understood the information disclosed by Party A, has no objection as to the truthfulness, lawfulness and validity of such information and the documents on which it is based, and hereby confirms that other than those set out
in the materials delivered by Party A to Party B, Party A or any of its agent with general authority or any of its representative has not made any representation, covenant, undertaking or warranty of any other nature to induce Party B to enter into
this Contract. Further, Party B confirms that neither Party A nor any other person has made any warranty or promise as to the profitability of the operations of Party B. 
  

 - 7 - 

 6.3 Party B is bound by the duty of information disclosure and shall not conceal
information. If, before submitting the participation application, Party B, a Related Person, or the Actual Controlling Person, has invested in and operated, or has operated in conjunction with others, or has participated in the operation of, the IT
training business, then, before submitting such participation application, they shall each provide a truthful account of relevant circumstances to Party A, which shall decide in its discretion whether to permit Party B to participate. Failing such
disclosure, Party A shall have the right to terminate this Contract and demand Party B to assume indemnity obligations. 
 Article 7
Representations of the Parties 
 7.1 Party A hereby represents to Party B as follows: 
  

	 	7.1.1	Party A is a company duly established and validly existing under the laws of the People’s Republic of China. 

  

	 	7.1.2.	None of the rights granted by Party A to Party B is subject to any intellectual property dispute or any other legal dispute. 

  

	 	7.1.3	The authorized representative signing this Contract is authorized by lawful authorization procedures and has the authority to execute this Agreement on behalf of Party
A. 

  

	 	7.1.4	Party A warrants that the execution or performance of this Agreement or the consummation of the grant of the franchise does not and will not violate any provisions of
any relevant laws, regulations or regulatory documents. 

 7.2 Party B hereby represents to Party A as follows:

  

	 	7.2.1	Party B has legal capacity and possesses requisite operational resources and certain management expertise. 

  

	 	7.2.2	The authorized representative signing this Contract is authorized by lawful authorization procedures and has the authority to execute this Agreement on behalf of Party
B. 

  

	 	7.2.3	Party B warrants that the execution or performance of this Agreement or the consummation of the grant of franchise does not and will not violate any provisions of any
relevant laws, regulations or regulatory documents. 

  

	 	7.2.4	Party B warrants that it will, in accordance with relevant requirements of the state, effect relevant social insurance for its employees and take out property insurance
for the Training Center, all at its own expense. Party B shall be fully liable for any human or property loss occurring in the absence of such insurance. 

  

 - 8 - 

	 	7.2.5	Party B warrants that it will stringently implement relevant financial and accounting rules of the state, will file tax returns in accordance with law, and will issue
in full amount invoices to students in respect of the fees charged to them. 

 Article 8 Determination of the Location of
Training Center and Establishment and Furnishing Thereof and Equipment Procurement Therefore 
 8.1 Party B shall as per the
agreement of the Parties select and determine the Designated Site in            (City)            (Province) and
shall obtain Party A’s written confirmation thereon. The Parties shall jointly execute the location selection confirmation letter as an attachment to this Contract. 
 8.2 Once the Designated Site has been so determined, the actual operating address of the Training Center shall become the only Designated Site hereunder. If the Training Center needs to change such
Designated Site or add its operating space, it must obtain written consent from Party A and shall comply with relevant requirements of Party A on such change of the Designated Site or increase of operating space of the Training Center. 

8.3 The registered address of the Training Center shall be continuingly consistent with the Designated Site under this Contract. Any
change by the Training Center of the Designated Site may be effected only with the written consent of Party A and Party B shall within thirty (30) days of written confirmation of Party A effect accordingly the change registrations in respect of
the business license and business address of the Training Center and shall within three business days of such change registrations submit a photocopy of the relevant changed license and materials to Party A for record. 
 8.4 Whereas, under the current laws and regulations of China, a natural person may not conduct in his own name the operating activities
referenced herein; whereas, accordingly, Party B shall need to establish a Training Center (i.e. a limited liability company or privately-sponsored education entity referred to in Article 1.5 hereof) in accordance with law, therefore, the
Participation Applicant shall, within ten (10) days of issuance of the business license (or, the Private Non-Enterprise Entity Registration Certificate), issue a written confirmation letter to Party A, and upon confirmation by Party A, the
Participation Applicant and the Training Center shall jointly assume the rights and obligations hereunder. 
 If the Training
Center fails to issue such confirmation letter to Party A, it may nevertheless be deemed an actual franchisee hereunder and shall together with the Participation Application jointly assume the rights and obligations hereunder so long as it has
actually performed any provision hereof and has accepted any service provided under the Beida Jade Bird APTECH Franchise Operation System. 
 8.5 Party B shall in accordance with the Management Rules of Party A effect the industry and commerce, tax, education and other legal formalities for the Training Center as from the effective date hereof,
provided that the registered name of the Training Center or the relevant company shall not contain such words (in English or Chinese) as Jade Bird, Beida Jade Bird, APTECH, ACCP, etc. If due to reasons attributable to Party B, Party B fails to
complete the foregoing formalities, Party B shall solely be responsible for the legal liabilities arising therefrom. 
  

 - 9 - 

 8.6 Party A shall have the right to decide the exterior design, furnishing and overall VI of
the Training Center as well as the procurement of relevant teaching and office equipment therefor, to the effect that the Training Center shall comply with the overall corporate image requirements of the Beida Jade Bird APTECH Franchise Operation
System. Party B shall stringently carry out, at its own expense, the furnishing and procurement of the Training Center in accordance with the requirements of Party A. 
 8.7 The Training Center shall timely complete the industry and commerce, tax and privately-sponsored education entity license (privately-sponsored non-enterprise entity registration certificate) annual
inspections and shall within three (3) days of the completion of such annual inspections provide to Party A for record a copy of the business license, shareholder (investor) register and other documents having passed such annual inspections.

 8.8 In the event of a breach of this provision by Party B, Party A may dispatch a Remedy Notice to Party B and shall have the
right to impose applicable penalties on Party B in accordance with the Management Rules established by Party A. 
 Article 9 Staffing of the
Training Center 
 9.1 The Training Center shall in accordance with the Management Rules of Party A staff the Training Center
with full-time management personnel, including a headmaster, a market department manager, an academic quality department manager and a job placement manager, all of whom shall be required to pass the training of Party A and commence to work in their
roles only after having successfully passed the appraisal. 
 9.2 Party B shall ensure that personnel working in the positions
key to the operation of the Training Center, including the positions of consultants, trainers, supervisory trainers of each class and job placement professionals, shall all in accordance with the requirements of Party A accept the qualifications
appraisal by Party A and may start to work in such roles only after having obtained relevant qualifications through training. Other staff shall be dealt with in accordance with then effective Management Rules of Party A. 
 9.3 The Training Center may in accordance with the then prevailing Management Rules engage certain part-time staff, provided that the number
of such staff shall not exceed 25% of the total number of its staff, and provided further that the number of part-time trainers shall not exceed 30% of the total number of its trainers. 
 9.4 In order to ensure the internal stability and overall interest of the Beida Jade Bird APTECH Franchise Operation System, Party B shall
comply with relevant Management Rules of Party A if it employs during the term of this Contract any currently employed or any resigned or departed staff of Party A or any other Trainer Center of Party A. 
  

 - 10 - 

 9.5 In the event of a breach of this provision by Party B, Party A may dispatch a Remedy
Notice to Party B and shall have the right to impose applicable penalties on Party B in accordance with the Management Rules established by Party A. 
 Article 10 Training of Trainers 
 10.1 Party A will provide the following training to the trainers engaged by
Party B: 
  

	 	10.1.1	Party B may during each of S1, S2 and Y2 dispatch three trainers to attend free training with respect to curriculum setup, teaching methods, teaching concepts and the
textbook system, namely, the Product and Teaching Method Training, at the time and place as designated by Party A. A certification exam will be held upon completion of such training. 

  

	 	10.1.2	Party B may during each of S1, S2 and Y2 dispatch three trainers to attend free training with respect to the technology content of relevant courses, namely, the
Trainers’ Qualification Training at the time and place as designated by Party A. A certification exam will be held upon completion of such training. 

 10.2 The trainers of Party B may start to officially work in their positions and engage in the instruction work of relevant modules only after having accepted both the Product and Teaching Method Training
and the Trainers’ Qualification Training and having passed relevant appraisal and obtained relevant certificates. 
 10.3
If, at any stage, Party B dispatches a total of more than three trainers to attend the above training activities, then Party B shall pay a training fee to Party A in accordance with the then effective standards established by Party A in respect of
the number of trainers in excess of such limit. Under the current Management Rules, if the technology capability of the trainers sent by Party B fails to meet the requirements of Party A, Party B may have such trainers participate in the technology
capability enhancement training program organized by Party A by paying to Party A a corresponding training fee to be calculated at a fee standard of RMB 300/person/day. 
 Article 11 Market Publicity and Enrollment Advertising 
 11.1 Party B may
start to officially enroll students only after it has completed all approval procedures and all preparatory work and has passed the written acceptance inspection of Party A, provided that the time of its first enrollment of students shall not be
later than ninety (90) days from the effective date of this Contract. 
 11.2 Party B shall stringently comply with the fee
standards established by Party A and any discount or benefits in any form (including without limitation explicit/implicit discount, installment payment, free giving of additional courses or objects, free services (such as provision of
accommodation), etc.) offered by Party B on the Tuition Fee, the Textbook Fee or the Examination and Certification Fee shall all constitute an act in breach of the Management Rules of Party A. When the dropping out by a Current Student of Party B
meets the fee refund requirements, the various fees shall be refunded in accordance with the Management Rules of Party A. Party B shall not charge its students any fee that spans across semesters or school years. 
  

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 11.3 Party B shall ensure the continuity of operation in the operating activities franchised
hereunder. The Training Center shall ensure continuing monthly placement of enrollment advertisements on the market and such monthly advertisement placements on the market shall not fall below the requirements set out in the Management Rules. If
Party B needs to cease enrolling students, it shall obtain the written consent of Party A. 
 11.4 Party B shall carry out
publicity activities in accordance with the materials provided or authorized by Party A, shall refrain from using the trademarks, VI symbols and other logos of Party A outside of the business franchised hereunder and shall ensure the compliance of
the substance and form of such publicity activities with the unified requirements of Party A. 
 11.5 When carrying out market
publicity and enrollment advertisement activities, Party B shall comply with the relevant stipulations of the Management Rules of Party A. Without written consent of Party A, Party B shall not conduct enrollment consulting and publicity activities
outside of the geographical area of the Designated Site or the geographical area stipulated by the Management Rules of Party A. Party B shall offer consulting to society at large in relation to its business and shall do so in accordance with the
manner, standards, principles and procedures of consulting prescribed by Party A. 
 11.6 When conducting enrollment consulting
and publicity activities, Party B shall comply with the unified publicity requirements of Party A and shall not disseminate any content which makes up, exaggerates or distorts facts. Party B shall conduct enrollment consulting and publicity
activities in the name of the authorized training center as confirmed by Party A. 
 11.7 Party A shall be entitled to organize
each year unified market publicity activities on a national and provisional and regional basis in respect of the Beida Jade Bird APTECH Franchise Operation System. Such unified market publicity activities as organized by Party A shall include brand
image advertising, product advertising, promotional advertising, etc., shall use such media as selected and decided by Party A and shall be effected for the purpose of publicizing and promoting the overall image of the Beida Jade Bird APTECH brand
and enhancing the influence thereof. 
 11.8 Party B shall participate in the unified national or regional market publicity
activities organized by Party A and shall in accordance with the Management Rules, the requirements of Party A and the provisions hereunder pay to Party A or a third party designated by Party A the Advertisement Funds, which shall be centrally
allocated and used by Party A. Party B shall, upon receipt of the relevant written notice of Party A, pay in accordance with the requirements of Party A the Advertisement Funds, which shall be divided into the annual advertisement fund, and the
provisional and regional advertisement fund. Upon close of the joint annual or regional advertisement, Party A shall provide a detailed statement of the uses of such funds. 
  

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	 	11.8.1	Annual Advertisement Fund. Party A shall before the end of each year formulate the advertisement placement plan of the next year and shall determine the amount to be
contributed by Party B to such advertisement fund. Party B shall timely effect the payment upon receipt of the advertisement fund payment notice from Party A. 

  

	 	11.8.2	Provisional and Regional Advertisement Fund. Party A may on the basis of its business needs or upon application of other Training Centers within the Beida Jade Bird
APTECH Franchise Operation System, formulate the provisional and regional advertisement plan. Where such advertisement publicity plan involves Party B, Party B shall participate in such plan and shall contribute to the relevant advertisement fund in
accordance with the requirements of Party A. 

 11.9 In the event of a breach of this provision by Party B, Party
A may dispatch a Remedy Notice to Party B and shall have the right to impose applicable penalties on Party B in accordance with the Management Rules established by Party A. 
 Article 12 Examination Processes and Issuance of Certificates 
 12.1 Party A
shall provide for free the ACCOP certification of Beida Jade Bird APTECH, the OSTA certification of the Professional Skills Appraisal Center of the Ministry of Labor and Social Protection and other certification resources to Party B, provided that
the students of Party B participating in such certifications shall pay the Examination and Certification Fee prescribed by Party A. Party B shall submit the acceptance inspection materials in accordance with the requirements of Party A and the
Professional Skills Appraisal Center of the Ministry of Labor and Social Protection and its students may obtain the OSTA certification only if Party B has passed the joint acceptance inspection by Party A and the Professional Skills Appraisal Center
of the Ministry of Labor and Social Protection. 
 12.2 Party B shall create, keep current and well maintain the archives of its
students in accordance with the relevant student archive management stipulations of Party A and shall report such archives to Party A. 
 12.3 In November of each year Party A shall issue to Party B the examination schedule arrangement of the next year. 
 12.4 Party B shall submit examination applications to Party A in accordance with the relevant examination stipulations of Party A no later than the examination application deadline published by Party A. 
  

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 12.5 Party A shall be responsible for preparing examination papers and arranging for onsite
examination inspection and examination paper grading, provision of machine-based test grading standards, etc., and shall provide, upon completion of the certification examination, the written exam score and total score of each student participating
in such examination. 
 12.6 When the students enrolled by Party B participate in the certification examination, Party B shall
be responsible for arranging for examination supervisors and examination sites in accordance with the unified requirements of Party A, shall organize its students to participate in such examination in accordance with the unified requirements of
Party A, and shall complete the machine-based examination paper grading work in accordance with the unified machine-based paper grading standards of Party A. Party B shall in addition arrange for a discretionary examination inspector and shall
comply with the central arrangement of Party A. 
 12.7 Party A shall issue relevant certification certificates to students who
have passed the certification examination. Such certificates shall be delivered by Party A to Party B, which shall then be responsible for centrally delivering them to its students. 
 12.8 In the event of a breach of this provision by Party B, Party A may dispatch a Remedy Notice to Party B and shall have the right to
impose applicable penalties on Party B in accordance with the Management Rules established by Party A. 
 Article 13 Party A’s Support
Management to the Operation of the Training Center 
 13.1 Party A shall within three (3) business days of the effective
date hereof provide for free the following materials to Party B: 
  

	 	•	 	 the bronze plate and letter of authorization naming the Training Center as a “Beida Jade Bird APTECH Authorized Training Center”;

  

	 	•	 	 one set of start-up materials for a new ACCP center; 

  

	 	•	 	 one set of operation and management manuals (including a job position administration manual and the management rules of the center);

  

	 	•	 	 one set of sample student certification certificates; 

  

	 	•	 	 one set of VI design materials; 

  

	 	•	 	 three sets of books used by teachers for each semester; and 

  

	 	•	 	 one set of instruction disks. 

 13.2 Party A shall arrange for personnel to be responsible to provide advice to Party B in relation to management, teaching, marketing operations, etc; and timely provide feedback or solutions in relation
to issues raised in writing by Party B in respect of the curriculum setup, curriculum progress, teaching method and other issues of the franchised business hereunder, or assist with the handling of complaints involving Party B. 
  

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 13.3 Party A shall be entitled to supervise the compliance of the conduct by Party B of
operating activities with the specific requirements of the franchise operation system hereunder and the Management Rules. Party A shall be entitled to formulate, amend and ameliorate the Management Rules in accordance with the business needs.

 13.4 Party B shall carry out its business operations in strict compliance with the working procedures set out in the
franchise operation system and the Management Rules of Party A and shall, during the course of its business operations, accept and cooperate with the direction and supervision of the personnel of Party A. Party B shall take remedy actions in
accordance with the remedy request of Party A within the deadline set out in the relevant written or oral notice and Party A shall be entitled to impose applicable penalties in respect of the breaches of Party B in accordance with the Management
Rules. 
 13.5 Party A shall be entitled to amend or re-formulate its fee standards (including the Tuition Fee, the Textbook
Fee, the Examination and Certification Fee, fee for the training of Party B’s employees, etc.) and operation and management model on the basis of market conditions and business development and industry circumstances and Party B shall accept
such adjusted plans of Party A and shall implement the same within the time prescribed by Party A. 
 13.6 Party A shall be
entitled to revise its enterprise identity system on the basis of its business needs and to demand Party B to unconditionally accept such revised logos and symbols and Party B shall be liable for the expenses arising from such revision. 

13.7 When a material change occurs to the franchise business of Party A, Party A shall notify Party B of the same in writing within
fifteen (15) business days from the date of such change. 
 13.8 Party B shall in accordance with the unified format
prescribed by Party A timely prepare and submit various business data, financial data and management data in an accurate and complete manner. 
 13.9 In the event of a breach of this provision by Party B, Party A may dispatch a Remedy Notice to Party B and shall have the right to impose applicable penalties on Party B in accordance with the
Management Rules established by Party A. 
 Article 14 Use of Trademarks and Intellectual Property Protection 
 14.1 Party A has full and exclusive right to use the trademarks “Beida Jade Bird APTECH” and “ACCP” and other trademarks
(including word trademarks, figurative trademarks and combination trademarks) which Party B are authorized to use hereunder. Party A has full and exclusive trademark registration right in respect of combined business symbols containing such
trademarks as “APTECH”, “Beida Jade Bird”, “ACCP”, including without limitation the name of the Training Center (including letter trademarks, figurative trademarks, divisions or combinations thereof, in both English and
Chinese) which Party B registers with Party A in accordance with the training center naming rules established by Party A for use in its operation of the franchised business hereunder. 
  

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 14.2 In addition to the foregoing trademarks, relevant logos of Beida Jade Bird APTECH, the
overall CI and VI systems of Beida Jade Bird APTECH, the fitting-out design scheme of the Training Center, the operation and management methods, the Management Rules, the teaching model, the professionalized curriculum system, the examination and
certification system, the services support system, the service symbols, the service quality standards, the management manuals, the textbooks or other training materials and all documents and other distinctive symbols capable of standing for the
image of Party A shall all constitute the intellectual property of Party A and Party B shall be obligated to prevent such intellectual property of Party A from being infringed. 
 14.3 If Party B breaches the business rules or management rules of Party A and thereby damages the reputation of “Beida Jade Bird
APTECH”, etc., Party B shall indemnify Party A against the economic losses suffered by Party A therefrom. 
 14.4 Party A
authorizes Party B to use the trademarks “Beida Jade Bird APTECH” and “ACCP” (including words and symbols), provided that Party B shall use such trademarks and the foregoing intellectual property only to the extent of the scope
of the business operations conducted by Party B in relation to the specific program authorized hereunder at the Training Center agreed under this Contract and shall not use the same in any other circumstance unrelated to the scope of the franchised
business operations. Party B shall not in any form or through any method expand without authorization the scope of use of the trademarks “Beida Jade Bird APTECH” and “ACCP” and the foregoing intellectual property, nor shall it
permit without authorization a third party to use the same or make and use in any form same or similar trademarks and logos as the trademarks licensed hereunder. 
 14.5 When using the trademarks “Beida Jade Bird APTECH” and “ACCP” and exploiting the Beida Jade Bird APTECH Franchise, Party B shall not do any of the following: 
  

	 	14.5.1	To diminish, disparage or misleadingly represent the corporate image of Party A; and 

  

	 	14.5.2	To assist a third party to imitate and use relevant contents of the Beida Jade Bird APTECH Franchise Operation System. 

 14.6 Party B shall not in any form or in any name file any registration application in any other country or region in respect of the
trademarks licensed hereunder (including both English and Chinese forms) or apply to register any enterprise name or domain name by dividing or combining or otherwise tampering with such trademarks (including both English and Chinese forms).

 14.7 Party B shall timely notify Party A in writing of any act infringing the franchise of Party A which has come into its
knowledge. 
  

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 14.8 In the event of a breach of this provision by Party B, Party A may dispatch a Remedy
Notice to Party B and shall have the right to impose applicable penalties on Party B in accordance with the Management Rules established by Party A. 
 Article 15 Confidentiality Provisions 
 15.1 The detailed requirements of the franchise operation system, the
operation and management model, the customer information, the supply and demand information, the textbooks or training materials, the management rules and the working procedures of Party A and information contained in such other materials as
prepared for the purpose of the performance hereof (including without limitation computer programs, design, drawings, engineering, processes, software, data, proprietary technology, business and product development plans, research, ideas, services,
marketing, financing, etc.) shall all constitute confidential information of Party A and Party B shall be obligated to maintain the same in confidence. Without prior written consent of Party A, Party B shall not reproduce or record the same or
otherwise divulge it to any third party. 
 15.2 Party B undertakes that during the term of this Contract and within three
(3) years from the expiry hereof, it will not disclose to any third party any confidential information related to Party A that has come into its knowledge as a result of the franchise relationship. 
 15.3 In order to prevent the confidential information of Party A from entering the public domain or being acquired by an unauthorized
person, Party B shall take all reasonable measures to protect the confidentiality of such confidential information of Party A and shall further be obligated to require its employees having knowledge of such confidential information of Party A to
assume confidentiality obligations. The Training Center shall enter into a confidentiality agreement with its employees. 
 15.4
Party A shall maintain in confidence the information related to the business operations of Party B that has come into its knowledge as a result of its inspection or direction work at Party B. 
 Article 16 Non-Competition 
 16.1 During the term of this Contract and within two (2) years of the termination or early termination hereof, Party B shall not be employed with any enterprise or economic organization engaged in the IT training business; shall not
set up any enterprise or economic organization engaged in the IT training business in its own name, or, in conjunction with a third party, through cooperation, partnership, alliance participation, entrusted management or otherwise; nor shall it
become an Actual Controlling Person of any enterprise or economic organization engaged in the IT training business. 
 16.2
During the term of this Contract and within one (1) year of the termination or early termination hereof, a Related Person shall not be employed with any enterprise or economic organization engaged in the IT training business; shall not set up
any enterprise or economic organization engaged in the IT training business in its own name, or, in conjunction with a third party, through cooperation, partnership, alliance participation, entrusted management or otherwise; nor shall it become an
Actual Controlling Person of any enterprise or economic organization engaged in the IT training business. 
  

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 16.3 During the term of this Contract and after the termination or early termination hereof,
the Training Center shall not engage in any business related to the IT training business in its own name, or, in conjunction with a third party, through co-investment, cooperation, alliance participation, entrusted management or otherwise;

 16.4 Party B shall ensure that the Training Center shall enter into a no-compete agreement with its employees which shall
require such employees to assume the same or similar non-competition obligations as those set out in this provision. 
 Article 17
Termination of Agreement and Liability for Breach 
 17.1 Upon execution of this Agreement, neither party shall breach this
Agreement for any reason. In the event of any such breach, the non-breaching party shall have the right to request the breaching party to pay liquidated damages and indemnity until this Agreement is terminated. 
 17.2 In the event of any breach by Party B of any provision of this Agreement or any Management Rule, Party A may give Remedy Notice to
Party B, and shall have the right to impose the relevant punishment on Party B pursuant to the Management Rules; and if Party B refuses to cure such breach or to accept such punishment, Party A shall have the right to terminate this Agreement in its
sole discretion, provided that the punishment on Party B shall not be released as a result of such termination. 
 17.3 The
number of newly-enrolled S1 students for each year (12 months) from the effective date of this Agreement shall not be less than 300, and in case it is lower than 300, Party A shall have the right to terminate this Agreement in its sole discretion.

 17.4 This Agreement may be unconditionally terminated upon mutual agreement by the parties. 
 17.5 Upon occurrence of any of the following, Party A shall have the right to terminate this Agreement immediately in its sole discretion.
This Agreement shall terminate automatically from the date on which Party A has given a formal termination notice, and Party A shall have the right to request Party B to pay liquidated damages and indemnity in an amount no less than Renminbi Five
Hundred Thousand Yuan: 
  

	 	17.5.1	any breach by Party B, any Related Person or Training Center of the non-competition provision; 

  

	 	17.5.2	any transfer of the rights or obligations hereunder by Party B to any other party without authorization, or any assignment, or authorization for use, of the franchise
hereunder by Party B to any third party without the written consent of Party A; 

  

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	 	17.5.3	any reproduction, or obtaining through any third party other than Party A, of Party A’s designated textbooks or training materials, by Party B, any Related Person
or Training Center. 

 17.6 Party B shall bear the indemnification liability for any infringement or other
economic losses suffered by any third party arising from Party B’s faults. In the event of any advance payment by Party A on behalf of Party B in any special or emergent case, Party A, after such payment, shall have the right to recover such
payment from Party B. 
 17.7. In the event that either party’s breach results in any losses of the other party, the
breaching party shall indemnify the other party against all losses, including, but not limited to, any direct or indirect economic losses, litigation expenses, attorney’s fees, notarization fees and travel expenses. 
 17.8 During the performance of this Agreement, any tolerance, extension or indulgence granted by any party with respect to any breach or
delay of the breaching party, or any delay in exercising the rights hereunder, shall not constitute such party’s permission or acceptance of the other party’s breach of this Agreement; nor shall it operate as a waiver by such party of any
of its rights to the other party’s breach, whether now or in the future, pursuant to this Agreement and the relevant laws and regulations. 
 Article 18 Termination and Renewal 
 18.1 Upon occurrence of any of the following, this Agreement shall
terminate automatically: 
  

	 	18.1.1	The parties fail to reach an agreement on the renewal of this Agreement upon expiration of the effective term of this Agreement; 

  

	 	18.1.2	There is no condition or necessity to continue to perform this Agreement due to a force majeure event; 

  

	 	18.1.3	Either party loses its qualification due to any reason other than natural reasons, including bankruptcy, liquidation and change of national policy.

 18.2 In the event that the parties agree to continue their cooperation through consultation three
(3) months prior to the expiration of this Agreement, the parties shall reenter into a franchise contract. 
 18.3 In the
course of the implementation of this Agreement, in the event of any failure to perform this Agreement in whole or in part due to any force majeure event (including, but not limited to, flood, fire, earthquake, war, government act and other events
that cannot be controlled or foreseen by the parties), the affected party shall notify the other party of such event within five (5) business days. Neither party shall be liable for any termination of this Agreement due to a force majeure
event. 
  

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 Article 19 Termination and Liabilities of the Parties after Termination 
 19.1 Upon termination or expiration of this Agreement, if there are Current Students who have not finished their courses in any Training
Center, Party B shall keep the necessary number of trainers, teaching facilities and premises, and continue to be responsible for providing the relevant services (such as continuous education and certification) to such Current Students, and at the
same time cease enrolling S1 students and may not enroll S2 and Y2 students. If Party B fails to accomplish the continuous education for the Current Students, it shall refund to the students all fees. Party B shall complete all deregistration
procedures of the Training Center with the relevant administration for industry and commerce and the relevant tax bureau within ten (10) days from accomplishment of the continuous education and certification for such Current Students or the
refund of all fees to such students. 
 19.2 Upon termination or expiration of this Agreement, if there are no Current Students
in any Training Center and Party B has settled all payments with Party A, Party B shall complete all deregistration procedures of the Training Center with the relevant administration for industry and commerce and the relevant tax bureau within ten
(10) days from such termination or expiration. 
 19.3 Party B shall, within three (3) business days from the
termination or expiration date of this Agreement, return all original materials containing Party A’s confidential information, as well as all trademarks, marks, logos, promotion materials, documents, disc copies and authorized bronze plates and
teaching discs, etc, and complete the business handover procedures with Party A. 
 19.4 From the termination or expiration date
of this Agreement, Party B shall immediately stop the enrollment activities of the Training Centers and any relevant advertising activities, and stop the use of Party A’s trademarks, trade name, plates and marks, including the similar and
confusing designs, words and logos. 
 19.5 Within five (5) days from the termination or expiration date of this Agreement,
Party B must remove Party A’s trademarks and trade name and the plates, logos and marks related to Party A’s business image from the buildings and other equipment and supplies of the Training Centers by itself. In the event of any failure
by Party B to remove such stuff on time, Party A shall have the right to carry out such removal by itself or entrust any other person to do so, and Party B shall not prevent such removal and shall pay the relevant expenses incurred in connection
therewith. 
 19.6 Within three (3) years after the expiration or termination of this Agreement, if Party B, any Related
Person or any company or other economic organization in which Party B or the Related Person is the Actual Controlling Person, is in breach of any trademark use and intellectual property protection as provided herein, it shall pay liquidated damages
to Party A as follows: 
  

	 	19.6.1	In the event of any infringement related to network, liquidated damages shall be paid to Party A in an amount no less than RMB10,000 per day; 

 

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	 	19.6.2	In the event of any infringement related to print materials, liquidated damages shall be paid to Party A as follows: (i) in the case of print ads, liquidated
damages shall be paid to Party A in an amount no less than RMB20,000 per day; (ii) in the case of print or release of single-page marketing pitch, liquidated damages shall be paid to Party A in an amount no less than RMB50,000 for each type or
each batch; and (iii) in the case of advertising posters, billboards and road signs, liquidated damages shall be paid to Party A in an amount no less than RMB20,000 per day; 

 Article 20 Termination by Party B 
 20.1 Party B shall have the right to terminate this Agreement within three (3) days from the effective date of this Agreement. 
 20.2 In the event of any failure by Party A to notify Party B to make the relevant adjustment within fifteen (15) business days from any material change in the relevant authorized business, Party B
shall have the right to request the terminate of this Agreement. 
 Article 21 Term of this Agreement 
 This Agreement shall have an effective term of five (5) years, from
            ,          to             ,
        . 
 Article 22 Dispute Resolution and Governing Law 
 22.1 Any dispute between the parties arising in the course of the implementation of this Agreement, shall be settled first through
consultation. If no settlement can be reached through consultation, either party may bring an action to the People’s Court of jurisdiction where Party A is located. 
 22.2 The formulation, performance, interpretation and dispute resolution of this Agreement shall be governed by the laws of the People’s Republic of China. 
 Article 23 Miscellaneous 
 23.1 This Agreement shall be established on the date on which the representatives of Party A and Party B have signed (or affixed corporate seals to) this Agreement, and shall become effective on the date on which Party B has paid the
Participation Fee to Party A. 
 23.2 The parties shall enter into an agreement separately with respect to anything not
addressed herein which shall be attached hereto as an exhibit. The exhibit hereto and this Agreement shall have equal legal validity. 
 23.3 During the performance of this Agreement, Party B may make a regional participation application based on its judgment in light of the market feedback on the training programs and the forecast of future profitability. Upon evaluation
and approval by Party A, the parties shall enter into a regional participation contract separately. 
  

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 23.4 All notices and other correspondences between the parties shall be in writing
(including, but not limited to, delivery in person, by facsimile, via email, etc.) and shall be given (and shall be deemed to have been duly given 10 business days after delivery) to the following addresses: 
  

			
	Party A:	  	Beijing APTECH Beida Jade Bird Information Technology Co., Ltd.
	Address:	  	2/F, Beida Jade Bird Building, No. 207 Chengfu Road, Haidian District, Beijing
	Postal code:	  	100871
	Telephone:	  	010-62768866
	Fax:	  	010-82667065
		
	Party B:	  	
	Address:	  	
	Postal code:	  	
	Telephone:	  	
	Fax:	  	
	Email:	  	

 23.5 This Agreement is executed in two originals, each of which shall be held by
Party A and Party B separately with equal legal validity. 
  

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 (Signature Page) 
 Party A (Seal): Beijing APTECH Beida Jade Bird Information Technology Co., Ltd. 
  

			
	 Representative (Signature):
	  	  

 Date: 
 Party B (Seal): 
  

			
	 Representative (Signature):
	  	  

 Date: 
  

 - 23 -

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