Document:

Amendment No. 8, dated as of November 29, 2011

 Exhibit 10.1 
 AMENDMENT NO. 8 TO 
 AMENDED AND RESTATED CREDIT AGREEMENT 

THIS AMENDMENT NO. 8 TO AMENDED AND RESTATED CREDIT AGREEMENT (“Amendment No. 8”), dated as of November 29,
2011, amends and supplements the Amended and Restated Credit Agreement dated as of June 9, 2008, as amended (as so amended, the “Credit Agreement”) among ANCHOR BANCORP WISCONSIN INC., a Wisconsin corporation (the
“Borrower”), the financial institutions from time to time party thereto (individually a “Lender” and collectively the “Lenders”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association,
as administrative agent for the Lenders (in such capacity, the “Agent”). 
 RECITAL 

A. The term of the Credit Agreement matures on November 30, 2011. 

B. Borrower has requested Agent and Lenders extend the maturity of the Credit Agreement and make certain modifications thereto.

 C. As an accommodation to Borrower, Agent and Lenders have agreed to the foregoing request, subject in all respects to the
terms and conditions of this Amendment. 
 AGREEMENTS 

NOW THEREFORE, in consideration of the promises and agreements set forth in the Credit Agreement, as amended and supplemented hereby, the
Borrower, Agent and the Lenders agree as follows: 
 1. Each of the foregoing Recitals are hereby incorporated herein by
reference. All capitalized terms used herein which are defined in the Credit Agreement, unless otherwise defined herein, shall have the meanings given to such terms in the Credit Agreement. 

2. Upon the execution and delivery of this Amendment No. 8 by the Borrower, the Lenders and the Agent and the satisfaction of the
conditions listed in Section 3 below, the Credit Agreement is hereby amended as follows: 
 2.1. The
definition of the defined term “Maturity Date” in Section 1.1 of the Credit Agreement is hereby amended by deleting the date “November 30, 2011” where it appears therein and replacing it with the date “November 30,
2012”. 
 2.2. Section 4.15 of the Credit Agreement is amended in its entirety to read as follows:

 “4.15 Financial Covenants. 

(a) The Subsidiary Bank shall maintain a Tier 1 Leverage Ratio of not less than 3.70% at all times. 

 (b) The Subsidiary Bank shall maintain a Total Risk Based Capital Ratio of
not less than 7.50% at all times. 
 (c) The ratio of the sum of Non-Performing Loans, plus other real estate
owned by Subsidiary Bank (“OREO”) to the sum of Gross Loans, plus OREO shall not exceed 15.00% at any time.” 
 2.3. Borrower, Agent and Lenders hereby confirm that the entire outstanding principal balance of the Loans outstanding from time to time shall continue to bear interest at the rate of fifteen percent
(15%) per annum, and that all accrued and unpaid interest as of the date of this Amendment No. 8 and all interest accruing after the date of this Amendment No. 8, shall be due and payable upon the earlier of (i) the Maturity
Date, or (ii) acceleration of the obligations and indebtedness of Borrower to Agent and Lenders upon the occurrence of an Event of Default. 
 2.4. Schedule 4.3 to the Credit Agreement is hereby deleted and replaced in its entirety with Schedule 4.3 attached hereto. 
 3. Closing Conditions. This Amendment No. 8 shall become effective upon the execution and delivery of this Amendment No. 8 by the Borrower, the Lenders and the Agent, and the
following: 
 (a) the receipt by the Agent of a resolution of the Board of Directors of the Borrower authorizing
the execution and delivery of this Amendment No. 8, certified to be accurate and complete by the Secretary or Assistant Secretary of the Borrower; and 
 (b) the receipt by the Agent of an executed copy of this Amendment No. 8 and such other documents and instruments relating hereto as the Agent shall reasonably request. 

4. Representations and Warranties; No Default. 
 Borrower hereby represents and warrants to Agent and Lenders as follows: (i) it is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization;
(ii) the execution, delivery and performance by it of this Amendment No. 8 are within its corporate powers, have been duly authorized, and do not contravene (A) its articles of incorporation, bylaws or other organizational documents,
or (B) any applicable law, statute, regulation, ordinance, tariff or order; (iii) no consent, license, permit, approval or authorization of; or registration, filing or declaration with any Regulatory Authority or other Person is required
in connection with the execution, delivery, performance, validity or enforceability of this Amendment No. 8 by or against it; (iv) this Amendment No. 8 has been duly executed and delivered by it; (v) this Amendment No. 8
constitutes its legal, valid and binding obligations enforceable against it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally or by general principles of equity; (vi) it is in compliance with all covenants and agreements in the Loan Documents as modified by Amendments No. 1 through 8 and it is not in default under
the Credit Agreement or any other Loan Document as so modified and no Event of Default exists, has occurred and is continuing or would result by the execution, delivery or performance of this Amendment No. 8; and (vii) the representations
and warranties contained in the Loan Documents are true and correct in all material respects as of the date hereof as if made on the date hereof. 

  
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 5. Amendment Fees. The Agent, the Lenders and the Borrower acknowledge that
the Borrower has previously agreed to pay to the Agent, for the ratable account of the Lenders, an amendment fee of $1,163,000 (the “Fifth Amendment Fee”), which Fifth Amendment Fee was fully earned by the Lenders upon execution by
Borrower, Agent and Lenders of Amendment No. 5 to Amended and Restated Credit Agreement dated as of December 22, 2009 (“Amendment No. 5”). Notwithstanding anything to the contrary in Amendment No. 5, the Fifth
Amendment Fee shall be due and payable on the earlier to occur of (i) the date on which the Borrower’s obligations and liabilities to Agent and Lenders are due or declared due or (ii) the Maturity Date. In consideration of the
accommodations provided for in this Amendment No. 8, Borrower agrees to pay to the Agent, for the ratable account of the Lenders, an additional amendment fee in an amount equal to 1.50% of the Revolving Loan Commitment (“Eighth Amendment
Fee”), which Eighth Amendment Fee shall be fully earned by the Lenders upon the execution of this Amendment No. 8 and shall be due and payable upon the earliest of (i) the Maturity Date, and (ii) the date on which Borrower’s
obligations and liabilities to Agent and Lenders are due or declared due. The Fifth Amendment Fee and Eighth Amendment Fee shall be in addition to any other amendment fee or other fee payable pursuant to any other agreement or other Loan Document.

 6. Waiver, Release of Claims, and Indemnification. The Borrower, for itself and each and all of its officers,
employees, agents, shareholders, directors, affiliates, successors, and assigns, does hereby fully, unconditionally, and irrevocably waive and release the Agent and the Lenders and their respective officers, employees, agents, directors,
shareholders, affiliates, attorneys, successors, and assigns (each a “Released Party”), of and from any and all claims, liabilities, obligations, causes of action, defenses, counterclaims, and setoffs, of any kind, whether known or unknown
and whether in contract, tort, statute, or under any other legal theory, arising out of or relating to any act or omission by the Agent, any Lender or any other Released Party, on or before the date of this Amendment No. 8. The Borrower agrees
to defend, indemnify, and hold the Agent, each Lender and each other Released Party harmless from and against any and all losses, costs, expenses, damages, or liabilities (including reasonable attorneys’ fees) incurred in connection with any
demand, claim, counterclaim, cause of action, or proceeding brought as a result of, or arising out of, or in any way related to any of the Loan Documents, this Amendment No. 8, any documents executed in connection with or related to any of the
Loan Documents, the performance by the Agent and each Lender under any of the Loan Documents or any documents executed in connection with or related to this Amendment No. 8 or any of the other Loan Documents, or any transaction financed or to
be financed, in whole or in part, directly or indirectly, with the proceeds of any Loans. Notwithstanding the foregoing, the Borrower shall not have any obligation to defend, indemnify, or hold the Agent, any Lender or any other Released Party
harmless with respect to any loss, cost, expense, damage, or liability resulting solely from willful misconduct on the part of the Agent, such Lender or such other Released Party. 

  
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 7. Costs and Expenses. The Borrower agrees to pay to the Agent and each Lender
all costs and expenses (including reasonable attorneys’ fees) paid or incurred by the Agent or such Lender in connection with the negotiation, execution and delivery of this Amendment No. 8. 

8. Miscellaneous. 
 8.1. The execution, delivery and effectiveness of this Amendment No. 8 shall not, except as expressly provided herein, be deemed to be an amendment or modification of, or operate as a waiver of, any
provision of the Credit Agreement or any other Loan Document or any right, power or remedy of Agent or Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other Loan Document, or any other document, instrument and/or
agreement executed or delivered in connection therewith or a waiver of any Event of Default under any of the foregoing, in each case whether arising before or after the date hereof or as a result of performance hereunder or thereunder. This
Amendment No. 8 shall not preclude the future exercise of any right, remedy, power or privilege available to Agent or Lenders whether under the Credit Agreement, other Loan Documents, at law or otherwise. 

8.2. This Amendment No. 8 may be executed in any number of counterparts (including by facsimile), and by the
different parties hereto or thereto on the same or separate counterparts, each of which shall be deemed to be an original instrument but all of which together shall constitute one and the same agreement. Each party agrees that it will be bound by
its own facsimile signature and that it accepts the facsimile signature of each other party. The descriptive headings of the various sections of this Amendment No. 8 are inserted for convenience of reference only and shall not be deemed to
affect the meaning or construction of any of the provisions hereof or thereof. Whenever the context and construction so require, all words herein in the singular number herein shall be deemed to have been used in the plural, and vice versa, and the
masculine gender shall include the feminine and neuter and the neuter shall include the masculine and feminine. 

8.3. This Amendment No. 8 may not be changed, amended, restated, waived, supplemented, discharged, canceled,
terminated or otherwise modified orally or by any course of dealing or in any manner other than as provided in the Credit Agreement or the applicable Loan Document. This Amendment No. 8 shall be considered part of the Credit Agreement and shall
be a Loan Document for all purposes under the Credit Agreement and other Loan Documents. In the event of any inconsistency between this Amendment No. 8 and the Credit Agreement, any amendments thereto or any other Loan Document, the terms of
this Amendment No. 8 shall control. 
 8.4. This Amendment No. 8, the Credit Agreement and the Loan
Documents constitute the final, entire agreement and understanding between the parties with respect to the subject matter hereof and thereof and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements between the
parties, and shall be binding upon and inure to the benefit of the successors and assigns of the parties hereto and thereto. There are no unwritten oral agreements between the parties with respect to the subject matter hereof and thereof. If any
provision of this Amendment No. 8 is adjudicated to be invalid under applicable laws or regulations, such provision shall be inapplicable to the extent of such invalidity without affecting the validity or enforceability of the remainder of this
Amendment No. 8 which shall be given effect so far as possible. 

  
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 8.5. THIS AMENDMENT NO. 8 AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE CHOICE OF LAW PROVISIONS SET FORTH IN THE CREDIT AGREEMENT, AS AMENDED BY THIS AMENDMENT AND SHALL BE SUBJECT TO THE WAIVER OF JURY TRIAL AND NOTICE PROVISIONS OF
THE CREDIT AGREEMENT. NEITHER AGENT, LENDERS, NOR ANY AGENT OR ATTORNEY OF AGENT OR LENDERS, SHALL BE LIABLE TO ANY CREDIT PARTY OR ANY OTHER PERSON ON ANY THEORY OF LIABILITY FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES. 

8.6. Borrower hereby: (i) agrees that this Amendment No. 8 shall not limit or diminish the obligations of
Borrower under the Loan Documents except as modified by the terms hereof, (ii) reaffirms its obligations under each of the Loan Documents to which it is a party, and (iii) agrees that each of such Loan Documents as modified by this
Amendment No. 8 remain in full force and effect and are hereby ratified and confirmed. All representations and warranties made in this Amendment No. 8 and shall survive the execution and delivery of this Amendment No. 8 and no
investigation by Agent or Lenders shall affect such representations or warranties or the right of Agent or Lenders to rely upon them. 
 8.7. Borrower shall execute and deliver such other documents, certificates and/or instruments and take such other actions as Agent or Lenders may reasonably request in order more effectively to consummate
the transactions contemplated hereby. 
 9. Relief from the Automatic Stay. As a material inducement to the
Agent and the Lenders to enter into this Amendment No. 8, the Borrower hereby stipulates and agrees that the Agent and the Lenders shall be entitled to relief from the automatic stay imposed by 11 U.S.C. § 362 or any similar stay or
suspension of remedies under any other federal or state law in the event the Borrower becomes subject to a bankruptcy or other insolvency proceeding, to allow the Agent and the Lenders to exercise their rights and remedies under the Loan
Documents. 
 Signature Page Follows 

  
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 IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 8 as of the date
first set: forth above. 
  

			
	ANCHOR BANCORP WISCONSIN INC.
		
	BY:	 	  

		 	Name:
		 	Title:
	
	U.S. BANK NATIONAL ASSOCIATION, as the Agent and a Lender
		
	BY:	 	  

		 	Name:
		 	Title:
	
	ASSOCIATED. BANK, NATIONAL ASSOCIATION
		
	BY:	 	  

	Name:	 	
		 	Title:
	
	BANK OF AMERICA, N.A.
		
	BY:	 	  

		 	Name:
		 	Title:English Translation of Software Development and Maintenance Agreement

 Exhibit 4.24 
 English Translation 
 Software Development and Maintenance Agreement

 THIS SOFTWARE DEVELOPMENT AND MAINTENANCE AGREEMENT (“this Agreement”) is entered into by the two parties below in
Changsha, the People’s Republic of China on and as of June 8, 2011: 
 Party A: Changsha Little New Star Animation Digital
Technology Co., Ltd. (“Animation Digital”) 
 Residence: 3/F, Block 5, Xiangshu Yuan, 8 Lu Gu Lu Tian Road, Gao Xin Kai Fa
District, Changsha 
 Party B: Changsha Leisen Education Software Co., Ltd. (“Leisen Education”) 

Residence: Changsha Technology Chengguo Zhuanhua Base, 2 Lu Gu Lu Jing Road, Gao Xin Kai Fa District, Changsha 

WHEREAS: 
  

	1.	Party A is a wholly foreign-owned enterprise duly incorporated in Changsha, the People’s Republic of China (“China”) and validly existing under
Chinese laws; is mainly engaged in the development, establishment, and sale of animation software, online gaming software, educational and learning software, and other computer software and cultural products; and has rich experience and resources in
respect of the technical support and management relating to said businesses; 

  

	2.	Party B is a limited liability company incorporated in Changsha, China and validly existing under Chinese laws, and is mainly engaged in the development and manufacture
of educational software, the provision of other related technical services for educational software, the sale of audio products, the retail of electronic publications, and other related businesses; 

 

	3.	Party B is the owner and operator of the Animation Digital website (the “Animation Digital Website”, domain name: www.littlestar.com.cn) and hopes to,
pursuant to the terms and conditions of this Agreement, appoint party A to provide follow-up software maintenance management services for all relevant software required by the Animation Digital Website. 

NOW, THEREFORE, through negotiations, both parties hereby agree as follows: 

 

	1.	Software Development Service and Maintenance Management 

  

	 	1.1	Subject to the terms and conditions of this Agreement, Party B hereby agrees to appoint Party A as its exclusive software development and maintenance management service
provider to furnish to Party B the development service and maintenance management service regarding all computer software relating to its operation of the Animation Digital Website (the “Software”), including, but not limited to:

  

	 	1.1.1	Develop dedicated network management platforms; 

  

	 	1.1.2	Develop enterprise management systems; 

	 	1.1.3	Offer software solutions based on the requirements raised by Party B regularly; 

 

	 	1.1.4	Install and maintain the systems used by Party B; 

  

	 	1.1.5	Regularly upgrade the systems used by Party B; 

  

	 	1.1.6	Provide the daily management and maintenance of the Animation Digital Website; 

 

	 	1.1.7	At Party B’s request, provide regular technical training for Party B’s technicians; 

 

	 	1.1.8	According to the provisions of this Agreement, authorize the relevant software over which it has ownership and intellectual property rights to Party B for exclusive
use. 

  

	 	1.2	Under this Agreement, Party B’s appointment of and authorization to Party A shall be sole, exclusive and irrevocable. Without Party A’s prior written consent,
Party B shall not accept the software development and maintenance management services provided by any third parties (including its shareholder). 

  

	 	1.3	Party A shall perform the design and development of the Software according to Party B’s requirements and after initial completion, inform Party B so that Party B
may begin trial operation. Prior to trial operation, Party B shall complete the arrangements for the operating environment of the Software, including computer, operating system, network hardware equipment, etc. During trial operation, Party A shall
provide relevant guidance and training at Party B’s request and assist Party B in formal operation after completion of trial operation. 

  

	 	1.4	Both parties agree that after Party A completes the development of the Software according to the provisions of this Agreement, it shall have all the ownership and
intellectual property rights of such Software, but shall grant to Party B an exclusive license to use such Software within the term of this Agreement. 

  

	 	1.5	Party A shall have all the ownership and intellectual property rights of the improvements made by it to the Software within the term of this Agreement, but Party A
agrees to grant to Party B an exclusive license to use such improvements. The forms of calculation and payment of the royalties of such improvements are to be agreed upon by both parties. 

 

	2.	Service Fee and Terms of Payment 

  

	 	2.1	Considering that the software development and maintenance management provided by Party A are directly related to all respects of the operation of the Animation Digital
Website by Party B, Party B agrees to pay a service fee to Party A annually, at a rate of 40% of all Party B’s annual operating revenue during the term of this Agreement. Upon expiry of this Agreement, if both parties agree to continue
cooperation, the calculation and form of payment of service fee are to be agreed upon by both parties. 

	 	2.2	Within the term of this Agreement, Party B shall provide relevant financial data or statements to Party A within 30 days from the end of each fiscal year. Upon
confirmation, Party A shall timely provide relevant invoices to Party B. Within 30 days after receiving said invoices, Party B shall pay the annual service fee to the bank account designated by Party A. 

Name of account opening bank designated by Party A: Jiefang West Road Branch, China Construction Bank 

Name of account holder: Changsha Little New Star Animation Digital Technology Co., Ltd. 

Account number: 4430 1700 6610 5250 1906 
  

	3.	Representations and Warranties 

  

	 	3.1	Party A hereby makes the following representations and warranties: 

  

	 	3.1.1	Party A is a wholly foreign-owned enterprise incorporated and validly existing under Chinese laws. 

 

	 	3.1.2	The execution and performance of this Agreement by Party A have been duly authorized by all necessary corporate actions on the part of Party A and have obtained the
consents and approvals from third parties or governments. Nothing contained herein violates the laws or internal regulations binding upon or influencing Party A. 

 

	 	3.1.3	All the facts disclosed by Party A to Party B and relevant Chinese supervisory departments regarding the execution and performance of this Agreement are free of false
information or any significant issues that must be disclosed, but is not disclosed. 

  

	 	3.1.4	Once this Agreement becomes effective, it constitutes a legal, valid, and binding obligation enforceable against Party A in accordance with its provisions.

  

	 	3.2	Party B hereby makes the following representations and warranties: 

  

	 	3.2.1	Party B is a limited liability company incorporated and validly existing under Chinese laws. 

 

	 	3.2.2	The execution and performance of this Agreement by Party B have been duly authorized by all necessary corporate actions on the part of Party B and have obtained the
consents and approvals from third parties or governments. Nothing contained herein violates the laws or internal regulations binding upon or influencing Party B. 

	 	3.2.3	All the facts disclosed by Party B to Party A and relevant Chinese supervisory departments regarding the execution and performance of this Agreement are free of false
information or any significant issues that must be disclosed, but is not disclosed. 

  

	 	3.2.4	Once this Agreement becomes effective, it constitutes a legal, valid, and binding obligation enforceable against Party B in accordance with its provisions.

  

	4.	Confidentiality 

  

	 	4.1	Party B shall keep in confidence any and all Party A’s technical data and information accessible or made available to it owing to the software services under this
Agreement (“Confidential Information”), regardless of whether Party A has taken confidentiality actions or not. Without the prior written consent of Party A, Party B shall not disclose, divulge, or transfer Confidential Information
to any third parties or use it for the benefit of any third parties. 

  

	 	4.2	Party B guarantees that it will make Confidential Information accessible to its employees, consultants and agents on a need-to-know basis only for the purpose of
performing this Agreement and further guarantees that such employees, consultants, and agents will undertake the same confidentiality obligations as those specified herein. Any breach of confidentiality obligations by any of such personnel shall be
deemed as a breach hereof by Party B. In this case, Party B shall undertake the defaulting liabilities under this Agreement to Party A. 

  

	 	4.3	Upon termination of this Agreement, Party B shall return to Party A or destroy all documents and other carriers incorporating Confidential Information at Party A’s
option Any memory device of Party B shall not retain or use such Confidential Information. 

  

	 	4.4	Both parties agree that this Article will survive the change, termination and expiry of this Agreement. 

 

	5.	Infringement 

  

	 	5.1	Should any of the following situations be known to Party B, it shall timely provide details and necessary information to Party A and take further actions according to
Party A’s instructions: 

  

	 	5.1.1	A third party questions or makes a claim for the ownership or intellectual property rights of the Software; or. 

 

	 	5.1.2	A third party applies for the registration of or uses copied or imitated Software in China or other countries; 

 

	 	5.2	Should any of the situations as set forth in Article 5.1 hereof occur, Party A shall be entitled to take or entrust Party B to take relevant legal actions (including,
but not limited to, relevant administrative proceedings and/or judicial proceedings). The assumption of relevant expenses arising when Party B takes relevant legal actions according to Party A’s instructions is to be agreed upon by Party A and
Party B: 

	6.	Effectiveness and Term 

  

	 	6.1	This Agreement shall be signed and go into effect as of the date first above written. This Agreement shall be valid for ten (10) years, unless terminated
prematurely according to Article 7 below. 

  

	 	6.2	This Agreement may be automatically extended for another year if neither party makes a written objection prior to the expiry of this Agreement.

  

	 	6.3	Upon expiry of the term of this Agreement or if this Agreement is prematurely terminated prematurely according to Article 7 below, articles 3.2, 4, 5, 8 and 10
shall remain in full force and effect. 

  

	7.	Premature Termination 

  

	 	7.1	Should any of the following cases occur with Party B, Party A shall be entitled to terminate this Agreement with immediate effect upon giving a written notice to Party
B: 

  

	 	7.1.1	Party B transfers, sublicenses, leases, donates, pledges, puts under the custody of, uses as a contribution in kind or otherwise disposes of any of its rights and/or
obligations under this Agreement to any third parties 

  

	 	7.1.2	Party B applies for the registration of copied or imitated Software in China or any other countries or assists any third parties in doing so; 

 

	 	7.1.3	Party B questions, denies, or institutes administrative or judicial proceedings about the ownership or other intellectual property rights of the Software in China or
any other countries or regions, or assists any third parties in doing so; 

  

	 	7.1.4	Party B is wound up, dissolved, or involved in liquidation proceedings; files an application for bankruptcy; an application for bankruptcy is filed against it; or its
business license is canceled or otherwise. 

  

	 	7.2	Notwithstanding the foregoing, in the event that Party B breaches any of its other obligations or its representations and warranties under this Agreement, or its
representations and warranties are inconsistent with the actual situation, and Party B fails to cure such breach within 30 days after receiving Party A’s written notice, Party A may terminate this Agreement with immediate effect upon giving a
written notice to Party B. 

  

	 	7.3	Within the term of this Agreement, Party A may terminate this Agreement at any time upon a 30-day prior written notice to Party B. 

	 	7.4	In case this Agreement is prematurely terminated, Party B shall immediately cease using the Software and return Confidential Information according to Article 4.3
hereof. 

  

	8.	Defaulting Liabilities 

Where either party (the “Breaching Party”) breaches any of its representations, warranties, rights or obligations under
this Agreement, thus causing economic losses to the other party, the other party (the “Non-Breaching Party”) shall be entitled to request it to cure its breach and compensate the direct economic losses thus incurred to the
Non-Breaching Party. 
  

	9.	Force Majeure 

  

	 	9.1	An Event of Force Majeure means any event that is unforeseeable to or that is foreseeable but whose happening and consequences are unavoidable by and insurmountable to
either party, including, but not limited to, wars or natural disasters, but insufficiency of credit standing, funds or financing shall not be regarded as an Event of Force Majeure. Depending on the special nature of computer network, Events of Force
Majeure shall include any of the following events affecting the normal operation of the computer network of either party: 

  

	 	9.1.1	Hacker attacks or computer virus invasions; 

  

	 	9.1.2	Serious interruptions caused by the technical adjustments of the telecommunications department; or 

 

	 	9.1.3	Interim interruptions caused by government control. 

  

	 	9.2	Should the performance of this Agreement be delayed or hindered due to any Event of Force Majeure as defined above, the prevented party shall be exempt from any
liability under this Agreement to the extent of the portion being delayed or hindered, provided, however, that the prevented party makes all reasonable efforts to perform this Agreement or reduce the impact of such Event of Force Majeure. Once the
cause for such exemption is corrected and remedied, both parties agree to do their best to resume the performance of this Agreement. 

  

	10.	Settlement of Disputes 

Any dispute arising in connection with the interpretation and performance of the provisions of this Agreement shall be settled by both
parties in good faith and through amicable negotiations. In case no settlement can be reached by both parties within thirty (30) days after either party makes a request for dispute resolution through negotiations, either party may submit such
dispute to China International Economic and Trade Arbitration Commission (“CIETAC”), South China Sub-Commission, for arbitration in accordance with CIETAC’s arbitration rules then in effect. The seat of arbitration shall be
Shenzhen and language of proceedings shall be Chinese. The arbitral award shall be final and binding upon both parties. 

	11.	Notices 

 Any notice or
other communications required to be made under or pursuant to this Agreement shall be written in Chinese and deemed to be received when delivered to the concern party or both parties at following addresses by hand delivery, registered mail, prepaid
mail, recognized courier service, or fax: 
 Party A: Changsha Little New Star Animation Digital Technology Co., Ltd. 

Address: 3/F, Block 5, Xiangshu Yuan, 8 Lu Gu Lu Tian Road, Gao Xin Kai Fa District, Changsha 

Party B: Changsha Leisen Education Software Co., Ltd. 
 Address: Changsha Technology Chengguo Zhuanhua Base, 2 Lu Gu Lu Jing Road, Gao Xin Kai Fa District, Changsha 
  

	12.	Applicable Law 

 The
validity, performance and interpretation of this Agreement shall be governed by Chinese laws. 
  

	13.	Amendment and Supplement 

This Agreement may be amended or supplemented, from time to time, by both parties by a written instrument. All amendments and supplements
to this Agreement duly signed by both parties shall form an integral part of this Agreement and have the same legal effect as this Agreement. 
  

	14.	Severability 

 Should any
provision of this Agreement be held to be invalid or unenforceable under applicable law, such provision shall be invalid or unenforceable only to the extent of such invalidity or unenforceability without invalidating or rendering unenforceable the
remainder of this Agreement. 
 (The remainder of this page is intentionally left blank.) 

 IN WITNESS WHEREOF, both parties have caused this Agreement to be executed by their duly authorized
representatives as of the date first above written. 
 Party A: Changsha Little New Star Animation Digital Technology Co., Ltd. 

[Chop of Changsha Little New Star Animation Digital Technology Co., Ltd. is affixed] 
 Authorized Representative: /s/ Benguo Tang                        

 Party B: Changsha Leisen Education Software Co., Ltd. 
 [Chop of Changsha Leisen Education Software Co., Ltd. is affixed] 
 Authorized
Representative: /s/ Xu Qin

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