Document:

EX-10.12

 Exhibit 10.12 

Amended and Restated Loan Agreement 

This Amended and Restated Loan Agreement (this “Agreement”) is made and entered into by and between the Parties below as of
November 25, 2013 in Beijing, People’s Republic of China (“PRC” or “China”): 
  

	 	(1)	Tarena Technologies Inc. (the “Lender”), a wholly-foreign-owned enterprise, organized and existing under the laws of China, with its address at Suite 3709, 18 Jia West Road of North Third Ring, Haidian
District, Beijing; 

  

	 	(2)	Li Jianguang (the “Borrower”), a citizen of China with Chinese Identification No.: ***. 

Each of the Lender and the Borrower shall be hereinafter referred to as a “Party” respectively, and as the “Parties”
collectively. 
 Whereas: 
  

	 	1.	The Borrower holds 30% of equity interests in Beijing Tarena Jinqiao Technology Co., Ltd. (the “Borrower Company”). All of the equity interests now held and hereafter acquired by the Borrower in the Borrower
Company shall be referred to as “the Borrower Equity Interest”. The Borrower Company is a limited company duly registered in Beijing, China with its registered capital of RMB 2,000,000; 

 

	 	2.	The Lender confirms that it agrees to provide the Borrower with and the Borrower confirms that he has received a loan to be used for the purposes set forth under this agreement. 

 

	 	3.	The Lender and the Borrower executed a Loan Agreement (the “Original Loan Agreement”) on December 31, 2006. The Parties intend to enter this Agreement to replace and supersede the Original Loan Agreement
by executing this Agreement. 

 After friendly consultation, the Parties agree as follows: 

 

	1.	Loan 

  

	 	1.1	In accordance with the terms and conditions of this Agreement, the Lender agrees to provide an interest-free loan in the amount of RMB600,000 (the “Loan”) to the Borrower. The term of the Loan shall be 10
years from the date of this Agreement, which may be extended upon mutual written consent of the Parties. During the term of the Loan or the extended term of the Loan, the Borrower shall immediately repay the full amount of the Loan in the event that
any one or more of the following circumstances occur: 

  
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	 	1.1.1	30 days elapse after the Borrower receives a written notice from the Lender requesting repayment of the Loan; 

  

	 	1.1.2	The Borrower’s death, lack or limitation of civil capacity; 

  

	 	1.1.3	The Borrower ceases (for any reason) to be an employee of the Lender, the Borrower Company or their affiliates; 

  

	 	1.1.4	The Borrower engages in criminal act or is involved in criminal activities; 

  

	 	1.1.5	According to the applicable laws of China, foreign investors are permitted to invest in the business that is currently conducted by the Borrower Company in China with a controlling stake and/or in the form of

wholly-foreign-owned enterprises, the relevant competent authorities of China begin to approve such investments, and Tarena International, Inc., as the sole shareholder of Lender, exercises the exclusive option under the Exclusive Option Agreement
described in this Agreement. 

  

	 	1.2	The Loan provided by the Lender under this Agreement shall inure to the Borrower’s benefit only and not to the Borrower’s successor(s) or assign(s). 

 

	 	1.3	The Borrower agrees to accept the aforementioned Loan provided by the Lender, and hereby agrees and warrants using the Loan to provide capital for the Borrower Company to develop the business of the Borrower Company.
Without the Lender’s prior written consent, the Borrower shall not use the Loan for any purpose other than as set forth herein. 

  

	 	1.4	The Lender and the Borrower hereby agree and acknowledge that the Borrower’s method of repayment of the Loan set forth in Section 1.1 shall be at the sole discretion of the Lender, and may at the Lender’s
option take the form of the Borrower’s transferring the Borrower Equity Interest in whole to Tarena International Inc. or Tarena International Inc.’s designated persons (legal or natural persons) to the extent permitted under the
applicable PRC laws pursuant to the Tarena International Inc.’s exercise of its right to acquire the Borrower Equity Interest under the Exclusive Option Agreement. 

 

	 	1.5	The Borrower also undertakes to execute an irrevocable Power of Attorney (the “Power of Attorney”), which authorizes a legal or natural person designated by the Lender to exercise all of the Borrower’s
rights as a shareholder of the Borrower Company. 

  

	 	1.6	The Parties agree hereof that the Loan shall be interest-free unless otherwise agreed in this Agreement. When the Borrower transfers the Borrower Equity Interest to the Tarena International, Inc. or Tarena
International, Inc.’s designated person(s), in the event that the transfer price of such equity interest exceeds the principal of the Loan under this Agreement, the excess over the principal shall be deemed the interest of the Loan under this
Agreement payable by the Borrower to the Lender. 

  
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	2.	Conditions Precedent 

 The obligation of the Lender to provide the Loan to the
Borrower contemplated in Section 1.1 shall be subject to the satisfaction of the following conditions, unless waived in writing by the Lender. 
  

	 	2.1	The Borrower Company and the Lender or other person (legal or natural person) designated by the Lender have officially executed an Amended and Restated Exclusive Business Cooperation Agreement (the “Exclusive
Business Cooperation Agreement”), under which the Lender or other person designated by the Lender, as an exclusive service provider, will provide the Borrower Company with business support service and business consulting service.

  

	 	2.2	The Borrower, the Borrower Company and the Lender or other person (legal or natural person) designated by the Lender have executed an Amended and Restated Share Pledge Agreement (the “Share Pledge Agreement”),
the contents of which have been confirmed, and according to the Share Pledge Agreement, the Borrower agrees to pledge the Borrower Equity Interest to the Lender or other person designated by the Lender. 

 

	 	2.3	The Borrower, the Lender, Tarena International, Inc. and the Borrower Company have officially executed an Amended and Restated Exclusive Option Agreement (the “Exclusive Option Agreement”), the contents of
which have been confirmed, and under which the Borrower shall irrevocably grant Tarena International, Inc. an exclusive option to purchase all of the Borrower Equity Interest. 

 

	 	2.4	The Borrower has executed an irrevocable Power of Attorney (the “Power of Attorney”), which authorizes Lender or other person (legal or natural person) designated by Lender to exercise all of the
Borrower’s rights as a shareholder in the Borrower Company. 

  

	 	2.5	The aforementioned Share Pledge Agreement, Power of Attorney, Exclusive Option Agreement and Exclusive Business Cooperation Agreement have been entered into before or on the date of execution of this Agreement and shall
have full legal validity without any default or encumbrance related to these agreements or contracts, and all the related filing procedures, approvals, authorization, registrations and government procedures have been completed (as applicable).

  

	 	2.6	All the representations and warranties by the Borrower in Section 3.2 are true, complete, correct and not misleading. 

  

	 	2.7	The Borrower has not violated the covenants in Section 4 of this Agreement, and no event which may affect the Borrower’s performance of its obligations under this Agreement has occurred or is expected to
occur. 

  
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	3.	Representations and Warranties 

  

	 	3.1	Between the date of this Agreement and the date of termination of this Agreement, the Lender hereby makes the following representations and warranties to the Borrower: 

 

	 	3.1.1	The Lender is a corporation duly organized and legally existing inaccordance with the laws of China; 

  

	 	3.1.2	The Lender has the legal capacity to execute and perform this Agreement. The execution and performance by the Lender of this Agreement is consistent with the Lender’s scope of business and the provisions of the
Lender’s corporate bylaws and other organizational documents, and the Lender has obtained all necessary and proper approvals and authorizations for the execution and performance of this Agreement; and 

 

	 	3.1.3	This Agreement constitutes the Lender’s legal, valid and binding obligations enforceable in accordance with its terms. 

  

	 	3.2	Between the date of this Agreement and the date of termination of this Agreement, the Borrower hereby makes the following representations and warranties: 

 

	 	3.2.1	The Borrower has the legal capacity to execute and perform this Agreement. The Borrower has obtained all necessary and proper approvals and authorizations for the execution and performance of this Agreement;

  

	 	3.2.2	The Borrower has caused his spouse to agree never to claim any ownership rights in the Borrower Equity Interest, including, without limitation, claiming that the Borrower Equity Interest constitutes communal property of
marriage; 

  

	 	3.2.3	This Agreement constitutes the Borrower’s legal, valid and binding obligations enforceable in accordance with its terms; and 

  

	 	3.2.4	There are no disputes, litigations, arbitrations, administrative proceedings or any other legal proceedings relating to the Borrower, nor are there any potential disputes, litigations, arbitrations, administrative
proceedings or any other legal proceedings relating to the Borrower. 

  
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	4.	Borrower’s Covenants  

  

	 	4.1	As and when he becomes, as well as for so long as he remains a shareholder of the Borrower Company, the Borrower irrevocably covenants that during the term of this Agreement, the Borrower shall cause the Borrower
Company: 

  

	 	4.1.1	to strictly abide by the provisions of the Exclusive Option Agreement and the Exclusive Business Cooperation Agreement, and to refrain from any action/omission that may affect the effectiveness and enforceability of the
Exclusive Option Agreement and the Exclusive Business Cooperation Agreement; 

  

	 	4.1.2	at the request of the Lender (or a party designated by the Lender), to execute agreements/contracts on business cooperation with the Lender (or a party designated by the Lender), and to strictly abide by such
agreements/contracts; 

  

	 	4.1.3	to provide the Lender with all of the information on the Borrower Company’s business operations and financial situation at the Lender’s request; 

 

	 	4.1.4	to immediately notify the Lender of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to the Borrower Company’s assets, business or income;

  

	 	4.1.5	at the request of the Lender, to appoint any persons designated by Lender as directors of the Borrower Company. 

  

	 	4.2	The Borrower covenants that during the term of this Agreement, he shall: 

  

	 	4.2.1	endeavor to keep the Borrower Company to engage in its principal businesses specified in its business license; 

  

	 	4.2.2	abide by the provisions of this Agreement, the Power of Attorney, the Share Pledge Agreement and the Exclusive Option Agreement to which the Borrower is a party, perform his obligations under this Agreement, the Power
of Attorney, the Share Pledge Agreement and the Exclusive Option Agreement, and refrain from any action/omission that may affect the effectiveness and enforceability of this Agreement, the Power of Attorney, the Share Pledge Agreement and the
Exclusive Option Agreement; 

  

	 	4.2.3	not sell, transfer, mortgage or dispose of in any other manner the legal or beneficial interest in the Borrower Equity Interest, or allow the encumbrance thereon of any security interest or the encumbrance, except in
accordance with the Share Pledge Agreement; 

  

	 	4.2.4	cause any shareholders’ meeting and/or the board of directors of the Borrower Company to not approve the sale, transfer, mortgage or disposition in any other manner of any legal or beneficial interest in the
Borrower Equity Interest, or allow the encumbrance thereon of any security interest, except to the Lender or the Lender’s designated person; 

  
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	 	4.2.5	cause any shareholders’ meeting and/or the board of directors of the Borrower Company not to approve the merger or consolidation of the Borrower Company with any person, or its acquisition of or investment in any
person, without the prior written consent of the Lender; 

  

	 	4.2.6	immediately notify the Lender of the occurrence or possible occurrence of any litigation, arbitration or administrative proceedings relating to the Borrower Equity Interest; 

 

	 	4.2.7	to the extent necessary to maintain his ownership of the Borrower Equity Interest, execute all necessary or appropriate documents, take all necessary or appropriate actions and file all necessary or appropriate
complaints or raise necessary and appropriate defenses against all claims; 

  

	 	4.2.8	without the prior written consent of the Lender, refrain from any action/omission that may have a material impact on the assets, business and liabilities of the Borrower Company; 

 

	 	4.2.9	appoint any designee of the Lender as director of the Borrower Company, at the request of the Lender; 

  

	 	4.2.10	to the extent permitted by the laws of China, at the request of the Lender at any time, promptly and unconditionally transfer all of the Borrower Equity Interest to Tarena International, Inc. or its designated
representative(s) at any time, and cause the other shareholders of the Borrower Company to waive their right of first refusal with respect to the share transfer described in this Section; 

 

	 	4.2.11	to the extent permitted by the laws of China, at the request of the Lender at any time, cause the other shareholders of the Borrower Company to promptly and unconditionally transfer all of their equity interests to
Tarena International, Inc. or its designated representative(s) at any time, and the Borrower hereby waives his right of first refusal (if any) with respect to the share transfer described in this Section; 

 

	 	4.2.12	without the prior written consent of the Lender, not to cause the Borrower Company to supplement, change, or amend its articles of association in any manner, increase or decrease its registered capital or change its
share capital structure in any manner. 

  

	5.	Liability for Default 

  

	 	5.1	If the Borrower commits any material breach of any term of this Agreement, the Lender shall have the right to terminate this Agreement and require the Borrower to pay for all damages; this Section 5.1 shall be
without prejudice to any other rights of the Lender herein. 

  
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	 	5.2	The Borrower shall have no right to terminate this Agreement in any event unless otherwise required by the applicable laws. 

  

	 	5.3	In the event that the Borrower fails to perform the repayment obligations set forth in this Agreement, the Borrower shall pay an overdue interest of 0.01% per day for the outstanding payment, until the day the
Borrower repays the full principal of the Loan, overdue interests and other payable amounts. 

  

	6.	Notices 

  

	 	6.1	All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial courier service or by
facsimile transmission to the address of such Party set forth below. A confirmation copy of each notice shall also be sent by email. The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

  

	 	6.1.1	Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery. 

 

	 	6.1.2	Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of the transmission). 

 

	 	6.2	For the purpose of notices, the addresses of the Parties are as follows: 

  

			
	 Party A:
	  	Tarena Technologies Inc.
	 Attn:
	  	Han Shaoyun
	 Address:
	  	Suite 3709, 18 Jia West Road of North Third Ring, Haidian District, Beijing
	 Phone:
	  	010 6213-6369
	 Facsimile:  
	  	010 6211-0873
		
	 Party B:
	  	Li Jianguang
	 Address:
	  	5 Jianguomennei Avenue, Dongcheng District, Beijing
	 Phone:
	  	010 6526-2400

  

	 	6.3	Any Party may at any time change its address for notices by a notice delivered to the other Party in accordance with the terms hereof. 

  
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	7.	Confidentiality 

 The Parties acknowledge that any oral or written information
exchanged among them with respect to this Agreement is confidential information. The Parties shall maintain the confidentiality of all such information, and without the written consent of other Party, either Party shall not disclose any relevant
information to any third party, except in the following circumstances: (a) such information is or will be in the public domain (provided that this is not the result of a public disclosure by the receiving party); (b) information disclosed
as required by applicable laws or rules or regulations of any stock exchange; or (c) information required to be disclosed by any Party to its legal counsel or financial advisor regarding the transaction contemplated hereunder, and such legal
counsel or financial advisor are also bound by confidentiality duties similar to the duties in this section. Disclosure of any confidential information by the staff members or agency hired by any Party shall be deemed disclosure of such confidential
information by such Party, which Party shall be held liable for breach of this Agreement. This section shall survive the termination of this Agreement for any reason. 
  

	8.	Governing Law and Resolution of Disputes 

  

	 	8.1	The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes shall be governed by the laws of China. 

 

	 	8.2	In the event of any dispute with respect to the construction and performance of the provisions of this Agreement, the Parties shall negotiate in good faith to resolve the dispute. In the event the Parties fail to reach
an agreement on the resolution of such a dispute within 30 days after any Party’s request for resolution of the dispute through negotiations, any Party may submit the relevant dispute to the China International Economic and Trade Arbitration
Commission for arbitration, in accordance with its then-effective arbitration rules. The arbitration shall be conducted in Beijing, and the language used during arbitration shall be Chinese. The arbitration ruling shall be final and binding on both
Parties. 

  

	 	8.3	Upon the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement
shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement. 

  

	9.	Miscellaneous 

  

	 	9.1	This Agreement shall become effective on the date thereof, and shall expire upon the date of full performance by the Parties of their respective obligations under this Agreement. Since the effective date of this
Agreement, the Original Loan Agreement shall be terminated and shall be replaced and superseded by this Agreement. 

  

	 	9.2	This Agreement is written in both Chinese and English language in two copies, with each Party having one copy with equal legal validity. In case there is any conflict between the Chinese version and the English version,
the Chinese version shall prevail. 

  
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	 	9.3	This Agreement may be amended or supplemented through written agreement by and between the Lender and the Borrower. Such written amendment agreement and/or supplementary agreement executed by and between the Lender and
the Borrower are an integral part of this Agreement, and shall have the same legal validity as this Agreement. 

  

	 	9.4	In the event that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability
of the remaining provisions of this Agreement shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the
greatest extent permitted by the relevant laws the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

  

	 	9.5	The attachments (if any) to this Agreement shall be an integral part of this Agreement and shall have the same legal validity as this Agreement. 

 

	 	9.6	Any obligations that occur or that are due as a result of this Agreement upon the expiration or early termination of this Agreement shall survive the expiration or early termination thereof. The provisions of Sections
5, 7, 8, and this Section 9.6 shall survive the termination of this Agreement. 

  
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 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this
Amended and Restated Loan Agreement as of the date first above written. 
  

			
	Lender: Tarena Technologies Inc.
		
	By:	 	/s/ Han Shaoyun
	Name:	 	Han Shaoyun
	Title:	 	Legal Representative
	
	Borrower: Li Jianguang
		
	By:	 	/s/ Li Jianguang

 Signature Page to Amended and Restated Loan AgreementEX-10.13

 Exhibit 10.13 

Amended and Restated Share Pledge Agreement 

This Amended and Restated Share Pledge Agreement (this “Agreement”) has been executed by and among the following parties on
November 25, 2013 in Beijing, the People’s Republic of China (“China” or the “PRC”): 
  

			
	Party A:	  	Tarena Technologies Inc. (hereinafter “Pledgee”);
	Address:	  	Suite 3709, 18 Jia West Road of North Third Ring, Haidian District, Beijing
		
	Party B:	  	Han Shaoyun (hereinafter “Pledgor”)
	ID No.:	  	 ***

		
	Party C:	  	Beijing Tarena Jinqiao Technology Co., Ltd.
	Address:	  	Room 4-3, No.4 Workshop, 10 Zhenggezhuang Village, Beiqijia Town, Changping District, Beijing

 In this Agreement, each of Pledgee, Pledgor and Party C shall be referred to as a “Party”
respectively, and they shall be collectively referred to as the “Parties.” 
 Whereas: 

 

	1.	Pledgor is a Chinese citizen and holds 70% of the equity interest in Party C. Party C is a limited liability company registered in Beijing, China engaging in technology development, technology transfer, technology
consulting, etc. Party C acknowledges the respective rights and obligations of Pledgor and Pledgee under this Agreement, and intends to provide any necessary assistance in registering the Pledge; 

 

	2.	Pledgee is a wholly-foreign-owned enterprise registered in China. Pledgee and Party C, which is partially owned by Pledgor, have executed an Exclusive Business Cooperation Agreements (as defined below) in Beijing; Party
C, Pledgee, Pledgor and Tarena International, Inc. have executed an Exclusive Option Agreements (as defined below); Pledgor has executed a Power of Attorney (as defined below) in favor of Tarena International, Inc.; and Pledgee and Pledgor have
executed a Loan Agreement (as defined below); 

  

	3.	To ensure that Party C and Pledgor fully perform their obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Agreement and the Power of Attorney, Pledgor hereby pledges
to the Pledgee all of the equity interest that Pledgor holds in Party C as security for Party C’s and Pledgor’s obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Agreement and the
Power of Attorney. 

  

	4.	Party A, Party B and Party C executed a Share Pledge Agreement on December 31, 2006 and an Amendment to Share Pledge Agreement on September 23, 2008 (collectively, the “Original Share Pledge
Agreement”). The Parties intend to enter this Agreement to replace and supersede the Original Share Pledge Agreement by executing this Agreement. 

  
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 To perform the provisions of the Transaction Documents (as defined below), the Parties have
mutually agreed to execute this Agreement upon the following terms. 
  

	1.	Definitions 

 Unless otherwise provided herein, the terms below shall have the following
meanings: 
  

	 	1.1	Pledge: shall refer to the security interest granted by Pledgor to Pledgee pursuant to Article 2 of this Agreement, i.e., the right of Pledgee to be compensated on a preferential basis with the conversion, auction or
sales price of the Equity Interest. 

  

	 	1.2	Equity Interest: shall refer to 70% equity interests in Party C currently held by Pledgor, representing RMB1,400,000 in the registered capital of Party C, and all of the equity interest hereafter acquired by Pledgor in
Party C. 

  

	 	1.3	Term of Pledge: shall refer to the term set forth in Section 3.2 of this Agreement. 

  

	 	1.4	Transaction Documents: shall refer to the Amended and Restated Exclusive Business Cooperation Agreement executed by and between Party C and Pledgee on November 25, 2013 (the “Exclusive Business Cooperation
Agreement”); (ii) the Amended and Restated Exclusive Option Agreement executed by and among Tarena International, Inc., Party C, Pledgee and Pledgor on November 25, 2013 (the “Exclusive Option Agreement”); (iii) the
Amended and Restated Loan Agreement executed by and between Pledgee and Pledgor on November 25, 2013 (the “Loan Agreement”); (iv) Power of Attorney executed on November 25, 2013 by Pledgor (the “Power of Attorney”)
and any modification, amendment and restatement to the aforementioned documents. 

  

	 	1.5	Contract Obligations: shall refer to all the obligations of Pledgor under the Exclusive Option Agreement, the Power of Attorney, the Loan Agreement and this Agreement; all the obligations of Party C under the Exclusive
Business Cooperation Agreement, the Exclusive Option Agreement and this Agreement. 

  

	 	1.6	Secured Indebtedness: shall refer to all the direct, indirect and derivative losses and losses of anticipated profits, suffered by Pledgee, incurred as a result of any Event of Default. The amount of such loss shall be
calculated in accordance with the reasonable business plan and profit forecast of Pledgee, the consulting and service fees payable to Pledgee under the Exclusive Business Cooperation Agreement, all expenses occurred in connection with enforcement by
Pledgee of Pledgor’s and/or Party C’s Contract Obligations and etc. 

  
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	 	1.7	Event of Default: shall refer to any of the circumstances set forth in Article 7 of this Agreement. 

  

	 	1.8	Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement declaring an Event of Default. 

  

	2.	The Pledge 

  

	 	2.1	Pledgor agrees to pledge all the Equity Interest as security for performance of the Contract Obligations and payment of the Secured Indebtedness under this Agreement. Party C hereby assents that Pledgor pledges the
Equity Interest to the Pledgee pursuant to this Agreement. 

  

	 	2.2	During the term of the Pledge, Pledgee is entitled to receive dividends distributed on the Equity Interest. Pledgor may receive dividends distributed on the Equity Interest only with prior written consent of Pledgee.
Dividends received by Pledgor on Equity Interest after deduction of individual income tax paid by Pledgor shall be, as required by Pledgee, (1) deposited into an account designated and supervised by Pledgee and used to secure the Contract
Obligations and pay the Secured Indebtedness prior and in preference to any other payment; or (2) unconditionally donated to Pledgee or any other person designated by Pledgee to the extent permitted under applicable PRC laws. 

 

	 	2.3	Pledgor may subscribe for capital increase in Party C only with prior written consent of Pledgee. Any equity interest obtained by Pledgor as a result of Pledgor’s subscription of the increased registered capital of
the Company shall also be deemed as Equity Interest. 

  

	 	2.4	In the event that Party C is required by PRC law to be liquidated or dissolved, any interest distributed to Pledgor upon Party C’s dissolution or liquidation shall, upon the request of the Pledgee, be
(1) deposited into an account designate and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured Indebtedness prior and in preference to any other payment; or (2) unconditionally donated to Pledgee or any
other person designated by Pledgee to the extent permitted under applicable PRC laws. 

  

	3.	Term of Pledge 

  

	 	3.1	The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein has been registered with relevant administration for industry and commerce (the “AIC”). The Pledge
shall be continuously valid until all payments due under the Exclusive Business Cooperation Agreement have been fulfilled by Party C. The parties agree that within 3 business days following the execution of this Agreement, Pledgor and Party C shall
register the Pledge in the shareholders’ register of Party C, and within 10 business days after the competent AIC has formally begun accepting applications for the registration of equity interest pledge, Pledgor and Party C shall submit
application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the
relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC within 20 business days after filing (or such other time period normally required by the relevant AIC). 

  
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	 	3.2	During the Term of Pledge, in the event Party C fails to perform the Contract Obligations or pay Secured Indebtedness, Pledgee shall have the right, but not the obligation, to dispose of the Pledge in accordance with
the provisions of this Agreement. 

  

	4.	Custody of Records for Equity Interest subject to Pledge 

  

	 	    	During the Term of Pledge set forth in this Agreement, Pledgor shall deliver to Pledgee’s custody the capital contribution certificate for the Equity Interest and the shareholders’ register containing the
Pledge within one week from the execution of this Agreement. Pledgee shall have custody of such items during the entire Term of Pledge set forth in this Agreement. 

 

	5.	Representations and Warranties of Pledgor and Party C 

 As of the execution date of this
Agreement, Pledgor and Party C hereby jointly and severally represent and warrant to Pledgee that: 
  

	 	5.1	Pledgor is the sole legal owner of the Equity Interest. 

  

	 	5.2	Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions set forth in this Agreement. 

 

	 	5.3	Except for the Pledge, Pledgor has not placed any security interest or other encumbrance on the Equity Interest. 

  

	 	5.4	Pledgor and Party C have obtained any and all approvals and consents from applicable government authorities and third parties (if required) for execution, delivery and performance of this Agreement. 

 

	 	5.5	The execution, delivery and performance of this Agreement will not: (i) violate any relevant PRC laws; (ii) conflict with Party C’s articles of association or other constitutional documents;
(iii) result in any breach of or constitute any default under any contract or instrument to which it is a party or by which it is otherwise bound; (iv) result in any violation of any condition for the grant and/or maintenance of any permit
or approval granted to any Party; or (v) cause any permit or approval granted to any Party to be suspended, cancelled or attached with additional conditions. 

  
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	6.	Covenants of Pledgor and Party C 

  

	 	6.1	During the term of this Agreement, Pledgor and Party C hereby jointly and severally covenant to the Pledgee: 

  

	 	6.1.1	not transfer the Equity Interest, place or permit the existence of any security interest or other encumbrance on the Equity Interest, without the prior written consent of Pledgee, except for the performance of the
Transaction Documents; 

  

	 	6.1.2	Pledgor and Party C shall comply with the provisions of all laws and regulations applicable to the pledge of rights, and within 5 days of receipt of any notice, order or recommendation issued or prepared by relevant
competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and shall comply with the aforementioned notice, order or recommendation or submit objections and representations with respect
to the aforementioned matters upon Pledgee’s reasonable request or upon consent of Pledgee; 

  

	 	6.1.3	Pledgor and Party C shall promptly notify Pledgee of any event or notice received by Pledgor that may have an impact on Pledgee’s rights to the Equity Interest or any portion thereof, as well as any event or notice
received by Pledgor that may have an impact on any guarantees and other obligations of Pledgor arising out of this Agreement. 

  

	 	6.1.4	Party C shall complete the registration procedures for extension of the term of operation within three (3) months prior to the expiration of such term to maintain the validity of this Agreement. 

 

	 	6.2	Pledgor agrees that the rights acquired by Pledgee in accordance with this Agreement with respect to the Pledge shall not be interrupted or harmed by Pledgor or any heirs or representatives of Pledgor or any other
persons through any legal proceedings. 

  

	 	6.3	To protect or perfect the security interest granted by this Agreement for payment of the Service Fees under the Exclusive Business Cooperation Agreement, Pledgor hereby undertakes to execute in good faith and to cause
other parties who have an interest in the Pledge to execute all certificates, agreements, deeds and/or covenants required by Pledgee. Pledgor also undertakes to perform and to cause other parties who have an interest in the Pledge to perform actions
required by Pledgee, to facilitate the exercise by Pledgee of its rights and authority granted thereto by this Agreement, and to enter into all relevant documents regarding ownership of Equity Interest with Pledgee or designee(s) of Pledgee (natural
persons/legal persons). Pledgor undertakes to provide Pledgee within a reasonable time with all notices, orders and decisions regarding the Pledge that are required by Pledgee. 

 

	 	6.4	Pledgor hereby undertakes to comply with and perform all guarantees, promises, agreements, representations and conditions under this Agreement. In the event of failure or partial performance of its guarantees, promises,
agreements, representations and conditions, Pledgor shall indemnify Pledgee for all losses resulting therefrom. 

  
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	7.	Event of Breach 

  

	 	7.1	The following circumstances shall be deemed Event of Default: 

  

	 	7.1.1	Pledgor’s any breach to any obligations under the Transaction Documents and/or this Agreement; 

  

	 	7.1.2	Party C’s any breach to any obligations under the Transaction Documents and/or this Agreement. 

  

	 	7.2	Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned circumstances described in Section 7.1, Pledgor shall immediately notify Pledgee in writing accordingly.

  

	 	7.3	Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s satisfaction within twenty (20) days after the Pledgee and/or Party C delivers a notice to the Pledgor
requesting rectification of such Event of Default, Pledgee may issue a Notice of Default to Pledgor in writing upon the occurrence of the Event of Default or at any time thereafter and demand that Pledgor immediately pay all outstanding payments due
under the Exclusive Business Cooperation Agreement and all other payments due to Pledgee, and/or dispose of the Pledge in accordance with the provisions of Article 8 of this Agreement. 

 

	8.	Exercise of Pledge 

  

	 	8.1	Pledgee may issue a Notice of Default to Pledgor when exercising the Pledge. 

  

	 	8.2	Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge concurrently with the issuance of the Notice of Default in accordance with Section 8.1 or at any time after the
issuance of the Notice of Default. Once Pledgee elects to enforce the Pledge, Pledgor shall cease to be entitled to any rights or interests associated with the Equity Interest. 

 

	 	8.3	After Pledgee issues a Notice of Default to Pledgor in accordance with Section 8.1, Pledgee may exercise any remedy measure under applicable PRC laws, the Transaction Documents and this Agreement, including but not
limited to being paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest. The Pledgee shall not be liable for any loss
incurred by its duly exercise of such rights and powers. 

  
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	 	8.4	The proceeds from exercise of the Pledge by Pledgee shall be used to pay for tax and expenses incurred as result of disposing the Equity Interest and to perform Contract Obligations and pay the Secured Indebtedness to
the Pledgee prior and in preference to any other payment. After the payment of the aforementioned amounts, the remaining balance shall be returned to Pledgor or any other person who have rights to such balance under applicable laws or be deposited
to the local notary public office where Pledgor resides, with all expense incurred being borne by Pledgor. To the extent permitted under applicable PRC laws, Pledgor shall unconditionally donate the aforementioned proceeds to Pledgee or any other
person designated by Pledgee. 

  

	 	8.5	Pledgee may exercise any remedy measure available simultaneously or in any order. Pledgee may exercise the right to being paid in priority with the Equity Interest based on the monetary valuation that such Equity
Interest is converted into or from the proceeds from auction or sale of the Equity Interest under this Agreement, without exercising any other remedy measure first. 

 

	 	8.6	Pledgee is entitled to designate an attorney or other representatives to exercise the Pledge on its behalf, and Pledgor or Party C shall not raise any objection to such exercise. 

 

	 	8.7	When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall provide necessary assistance to enable Pledgee to enforce the Pledge in accordance with this Agreement. 

 

	9.	Breach of Agreement 

  

	 	9.1	If Pledgor or Party C conducts any material breach of any term of this Agreement, Pledgee shall have right to terminate this Agreement and/or require Pledgor or Party C to indemnify all damages; this Section 9
shall not prejudice any other rights of Pledgee herein; 

  

	 	9.2	Pledgor or Party C shall not have any right to terminate this Agreement in any event unless otherwise required by applicable laws. 

  

	10.	Assignment 

  

	 	10.1	Without Pledgee’s prior written consent, Pledgor and Party C shall not have the right to assign or delegate its rights and obligations under this Agreement. 

 

	 	10.2	This Agreement shall be binding on Pledgor and its successors and permitted assigns, and shall be valid with respect to Pledgee and each of its successors and assigns. 

 

	 	10.3	At any time, Pledgee may assign any and all of its rights and obligations under the Exclusive Business Cooperation Agreement to its designee(s) (natural/legal persons), in which case the designee shall have the rights
and obligations of Pledgee under the Transaction Documents and this Agreement, as if it were the original party to the Transaction Documents and this Agreement. 

  
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	 	10.4	In the event of a change in Pledgee due to an assignment, Pledgor and/or Party C shall, at the request of Pledgee, execute a new pledge agreement with the new pledgee on the same terms and conditions as this Agreement,
and register the same with the relevant AIC. 

  

	 	10.5	Pledgor shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations
hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any remaining rights of Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by Pledgor
except in accordance with the written instructions of Pledgee. 

  

	11.	Termination 

  

	 	11.1	Upon the fulfillment of all Contract Obligations and the full payment of all Secured Indebtedness by Pledgor and Party C, Pledgee shall release the Pledge under this Agreement upon Pledgor’s request as soon as
reasonably practicable and shall assist Pledgor to de-register the Pledge from the shareholders’ register of Party C and with relevant PRC local administration for industry and commerce. 

 

	 	11.2	The provisions under Sections 9, 13, 14 and 11.2 herein of this Agreement shall survive the expiration or termination of this Agreement. 

 

	12.	Handling Fees and Other Expenses 

 All fees and out of pocket expenses relating to this
Agreement, including but not limited to legal costs, costs of production, stamp tax and any other taxes and fees, shall be borne by Party C. 
  

	13.	Confidentiality 

 The Parties acknowledge that the existence and the terms of this
Agreement and any oral or written information exchanged between the Parties in connection with the preparation and performance this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such
confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain
(other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government
authorities; or (c) is required to be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, investors, legal counsels or
financial advisors shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the staff members or agencies hired by any Party shall be deemed disclosure of such
confidential information by such Party, which Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for any reason. 

  
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	14.	Governing Law and Resolution of Disputes 

  

	 	14.1	The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of the PRC. 

 

	 	14.2	In the event of any dispute with respect to the construction and performance of the provisions of this Agreement, the Parties shall negotiate in good faith to resolve the dispute. In the event the Parties fail to reach
an agreement on the resolution of such a dispute within 30 days after any Party’s request for resolution of the dispute through negotiations, any Party may submit the relevant dispute to the China International Economic and Trade Arbitration
Commission for arbitration, in accordance with its then-effective arbitration rules. The arbitration shall be conducted in Beijing, and the language used during arbitration shall be Chinese. The arbitration ruling shall be final and binding on both
Parties. 

  

	 	14.3	Upon the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending arbitration of any dispute, except for the matters under dispute, the Parties to this Agreement
shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement. 

  

	15.	Notices 

  

	 	15.1	All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally or sent by registered mail, postage prepaid, by a commercial courier service or by
facsimile transmission to the address of such party set forth below. A confirmation copy of each notice shall also be sent by E-mail. The dates on which notices shall be deemed to have been effectively given shall be determined as follows:

  

	 	15.2	Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given on the date of delivery or refusal at the address specified for notices.

  

	 	15.3	Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission). 

  
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	 	15.4	For the purpose of notices, the addresses of the Parties are as follows: 

  

					
		 	Party A:	  	Tarena Technologies Inc.
		 	 Address:
	  	Suite 3709, 18 Jia West Road of North Third Ring, Haidian District, Beijing
		 	 Attn:
	  	Han Shaoyun
		 	 Phone:
	  	86-10 6213-6369
		 	 Facsimile:
	  	86-10 6211-0873
			
		 	 Party B:
	  	Han Shaoyun
		 	 Address:
	  	Room 2008, Hall 1, 30 Heng Qi Tiao, Fengtai District, Beijing
		 	 Tel:
	  	86-10 6211-5451
			
		 	 Party C:
	  	Beijing Tarena Jinqiao Technology Co., Ltd.
		 	 Address:
	  	Room 4-3, No.4 Workshop, 10 Zhenggezhuang Village, Beiqijia Town, Changping District, Beijing
		 	 Attn:
	  	Han Shaoyun
		 	 Phone:
	  	86-10 6213-5687
		 	 Facsimile:
	  	86-10 6211-0873

  

	 	15.5	Any Party may at any time change its address for notices by a notice delivered to the other Parties in accordance with the terms hereof. 

 

	16.	Severability 

 In the event that one or several of the provisions of this Contract are
found to be invalid, illegal or unenforceable in any aspect in accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Contract shall not be affected or compromised in any respect. The
Parties shall strive in good faith to replace such invalid, illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such
effective provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable provisions. 
  

	17.	Attachments 

 The attachments set forth herein shall be an integral part of this
Agreement. 
  

	18.	Effectiveness 

  

	 	18.1	This Agreement shall become effective upon execution by the Parties hereto. Since the effective date of this Agreement, the Original Share Pledge Agreement shall be terminated and shall be replaced and superseded by
this Agreement. 

  

	 	18.2	Any amendments and supplements to this Agreement shall be made in writing. The amendment agreements and supplementary agreements that have been signed by the Parties and that relate to this Agreement shall be an
integral part of this Agreement and shall have the same legal validity as this Agreement. 

  

	 	18.3	This Agreement is written in Chinese and English in three copies. Pledgor, Pledgee and Party C shall hold one copy respectively. Each copy of this Agreement shall have equal validity. In case there is any conflict
between the Chinese version and the English version, the Chinese version shall prevail. 

  
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 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this
Amended and Restated Share Pledge Agreement as of the date first above written. 
  

			
	 Party A:
	 	Tarena Technologies Inc.
		
	 By:
	 	 /s/ Han Shaoyun

	 Name:
	 	Han Shaoyun
	 Title:
	 	Legal Representative
		
	Party B:	 	Han Shaoyun
		
	 By:
	 	 /s/ Han Shaoyun

		
	 Party C:
	 	Beijing Tarena Jinqiao Technology Co., Ltd.
		
	 By:
	 	 /s/ Han Shaoyun

	 Name:
	 	Han Shaoyun
	 Title:
	 	Legal Representative

 Signature Page to Amended and Restated Share Pledge Agreement 

 Attachments: 
  

	1.	Shareholders’ register of Party C; 

  

	2.	The Capital Contribution Certificate for the Formation of Party C; 

  

	3.	Exclusive Business Cooperation Agreement. 

  

	4.	Exclusive Option Agreement 

  

	5.	Loan Agreement 

  

	6.	Power of Attorney

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