Document:

Translation of Prosperity-Aptech Equity Transfer Agreement

 Exhibit 10.7 
 Equity Transfer Agreement 
 Party A (Transferor): India APTECH Limited

 Legal address: A Tower, 54 Elite Plaza, Anheli – Wasanji Street, Bombay, India; 
 Legal Representative: T.K.Ravishankar 
 Duty:
Executive Vice President &CFO                    Nationality: India 
  

			
	Party B (Transferee):	  	Prosperity Holdings Limited
	Legal address:	  	PO Box 1034GT, 4th Floor, 103 South Church Street, Grand Cayman,
Cayman Islands
	Legal representative:	  	David Hand
	Duty: Director	  	                        Nationality: the United States of
America

 WHEREAS: 
 Beijing APTECH Beida Jade Bird Information Technology Co., Ltd. (hereinafter as “BJB-Aptech”) is a sino-foreign Joint Venture incorporated on the date of September 23, 1999 under PRC laws,
with its registered capital of USD 1 million; 
 Party A holds equity interests of USD 500,000 in BJB-Aptech, representing 50% of its registered
capital, which will be transferred to Party B; 
 THEREFOR, both parties reach upon the following agreement (this “Agreement”) on the
basis of friendly consultation: 
  

	1.	Transferred Equity and Consideration 

  

	 	1.1	Party A agrees to transfer its equity interests of USD 500,000 in BJB-Aptech (50% of the registered capital) to Party B, inclusive of the shareholder rights
corresponding to such equity interests (including but not limited to the titles to the assets profitability, undistributed profits, allocation of remaining property, resolution of material matters and selection and appointment of managers, and Party
B agrees to acquire the transferred equity interests. 

  

	 	1.2	Both parties mutually consent that the consideration for the above transferred equities shall be RMB 155,625,950 yuan. 

  

	2.	Payment of Consideration and Completion of Transfer 

  

	 	2.1	Within 60 days after the effectiveness of this Agreement, Party B shall pay the agreed consideration to Party A in USD equivalence in accordance with relevant
provisions of this Agreement, the exchange rate of which shall be subject to the medium price of RMB against USD announced by The People’s Bank of China on the date when Party B remits the consideration; 

	 	2.2	Subsequent to the execution of this Agreement, for the purpose of fulfilling all the required approval procedures related to this Agreement, both parties are obliged to
execute all the necessary documents thereof, assist in the application to the competent approval authority for the equity transfer and amendment of Equity Joint Venture Contract and Articles of Association of BJB-Apetch, as well as the modification
registration in Industry and Commerce Administration Authority. 

  

	3.	During the process of equity transfer, Party A is obliged to maintain BJB-Aptech in ordinary and regular operation. 

  

	4.	Presentation and Warranties 

  

	 	4.1	Each party warrants that the execution and performance of this Agreement has been duly approved, authorized and certified, and each representative signing this
Agreement on its behalf has been duly and fully authorized as required. 

  

	 	4.2	Party A warrants that it is vested with full rights in the equity interests it holds in BJB-Apetch, in each case, free and clear of any pledge or any other encumbrance.

  

	 	4.3	Party A warrants that no default in its contribution in BJB-Aptech, or withdrawing of its contribution exists, nor any circumstances detrimental to the interests of the
other shareholder of BJB-Aptech, or any joint liability to the other shareholder exists. 

  

	 	4.4	Party B warrants that it will enjoy the rights and bear the obligations provided in the amended Equity Joint Venture Contract and Articles of Association of BJB-Aptech
after the equity transfer provided in this Agreement has been approved by approval authority. 

  

	 	4.5	Each party warrants that it shall pay all the taxes respectively as required by relevant laws and regulations. 

  

	5.	Breach of Contract 

  

	 	5.1	Any default in the performance of this Agreement of any party shall constitute a breach of contract. The non-breaching party is entitled to require the breaching party
to duly perform its duty in 30 days. Non-breaching party has the right to rescind this Agreement where such duty is not duly performed in prescribed period, and all the losses incurred by the breach of contract shall be remedied by breaching party.

  

	 	5.2	Provided that both parties are in breach of contract, the burden of breach of contract shall be borne by both parities in proportion to the liabilities of breach of
contract attributed to each party. 

	6.	Governing Law and Resolution of Dispute 

  

	 	6.1	Any dispute arising out of or relating to the performance of this Agreement shall firstly be resolved through friendly consultation. Where the parties fail to settle
their disputes through consultation or mediation, any party shall have the right to submit the dispute or claim arising therefrom to Beijing Arbitration Committee (“Committee”), the award of which will be final. 

 

	 	i.	The arbitration shall be conducted in the rules under the arbitration procedures of this Committee. The arbitral award shall be final and binding to both parties. The
costs and expenses of the arbitration shall be borne respectively by each party. 

  

	 	ii.	In the process of arbitration, this Agreement, except for the disputable provisions in arbitration, shall continue to be performed. 

  

	 	6.2	The effectiveness, execution, interpretation and resolution of dispute of this Agreement shall be governed by PRC laws. 

  

	7.	Effectiveness and Termination 

  

	 	7.1	The headline of this Agreement and each clause is made for the purpose of index but shall not be used for the interpretation of this Agreement.

  

	 	7.2	This Agreement shall be drafted and signed in both Chinese and English versions. Where there is any conflict arising between the two versions, the Chinese version will
prevail. 

  

	 	7.3	This Agreement shall be executed in quintuplicate with equal validity. Each party holds one copy, and the rest will be used for the submission to the approval authority
and filing by BJB-Aptech. 

  

	 	7.4	This Agreement shall be effective upon the execution by both parties and approval of the competent approval authority. 

  

	 	7.5	Issues not covered in this Agreement shall be determined through friendly consultation between both parties. 

 [No text on this page] 
 Party A: India Aptech Limited. 
 Legal representative or authorized
representative: 
 Date: 
 Party B: Prosperity Holdings Limited 
 Legal representative or authorized
representative: 
 Date: 
 Beijing Jade Bird Educational Information and Technology Co., Ltd., the stockholder of BJB-Aptech consents on the equity transfer provided thereon. 
 Stockholder: Beijing Jade Bird Educational Information and Technology Co., Ltd. 
 Legal representative or authorized representative: 
 Date:Equityholders Agreement

 Exhibit 10.8 
  
  
  
 EQUITYHOLDERS AGREEMENT

 by and among 
 BEIJING PEKING UNIVERSITY EDUCATION INVESTMENT CO., LTD. 
 and

 PROSPERITY HOLDINGS LIMITED 
 and 
 FOURTEEN INDIVIDUAL IN SCHEDULE I HERETO 
 dated as of August 15, 2008 
  
  
  

 AGREEMENT 
 THIS AGREEMENT is made on August 15, 2008, 
 AMONG: 
  

	(1)	 BEIJING PEKING UNIVERSITY EDUCATION INVESTMENT CO., LTD., a limited liability company incorporated under the laws of the PRC, with its legal
address at 3rd District, No. 5 Yangyuan, Haidian
Road, Haidian District, Beijing (“BPUEI”); 

  

	(2)	FOURTEEN INDIVIDUALS AS SET FORTH IN SCHEDULE I HERETO, all of whom are shareholders of BJB (the “Individual BJB Equityholders”); and

  

	(3)	PROSPERITY HOLDINGS LIMITED, a company incorporated under the laws of the Cayman Islands, having its registered office at M&C Corporate Service Limited, P.O.
Box 309 GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands (“Prosperity”). 

 BPUEI, Prosperity and the Individual BJB Equityholders are hereinafter individually referred to as a “Party” and collectively referred to as the “Parties.” 
 RECITALS 
 WHEREAS: 

  

	(A)	Prosperity, BPUEI, the Individual BJB Equityholders and Beijing Jade Bird Educational Information Technology Co., Ltd. (“BJB”), a Sino-foreign joint
venture formed under the joint venture laws and regulations of the People’s Republic of China (“PRC”), entered into an Amended and Restated Sino-Foreign Equity Joint Venture Contract dated July 20, 2007 (the “BJB
Joint Venture Contract”); 

  

	(B)	According to Section 5.7.1 of the BJB Joint Venture Contract, parties to the BJB Joint Venture Contract have granted each other the right of first refusal with
respect to any proposed transfer of equity interest in BJB (the “Right of First Refusal”); 

  

	(C)	BPUEI desires to transfer its entire equity interest in BJB (the “BPUEI’s Equity Interest”), which is fourteen percent (14%) as of the date
hereof, to a third-party transferee (the “BPUEI’s Transferee”); and 

  

	(D)	The Individual BJB Equityholders desire to transfer their aggregate equity interest in BJB (the “Individual Equityholders’ Equity Interest”),
which is six percent (6%) as of the date hereof, to a third-party transferee (the “Individual Equityholders’ Transferee”). 

 NOW, THEREFORE, for good and valid consideration, the receipt of which is hereby acknowledged by the Parties, and subject to the terms and conditions set forth herein, the Parties hereto agree as
follows: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	“Competitor” means any organization, association or individuals in the business of IT Education. For the avoidance of doubt, a fund that has portfolio
companies in the IT Education business is not a Competitor. 

 “IT Education” means any information technology education or training
product which target individual users, corporations, organizations, and educational institutions including, but not limited to, colleges, universities and vocational high schools in (1) software engineering, development and applications
including but not limited to, software application, software development, software testing, software project management, software systems integration, software system maintenance which shall include ACCP; (2) network engineering, design and
applications including but not limited to network design, network security, building network environments, network system integration, network system configuration and maintenance, network technology applications, network service maintenance and
construction of websites; and (3) hardware which shall include but not be limited to computer and electronic equipment manufacturing, hardware maintenance, hardware assembly, hardware debugging and testing. 
 “Listco” means Beijing Jadebird IT Education Company, Limited, a company incorporated under the laws of the Cayman Islands.

 “Listco Share Exchange Agreement” means the Listco Share Exchange Agreement, dated as of August 15,
2008. 
 “Ordinary Shares” means the ordinary shares of Listco, par value 0.000125 per share. 

 

	1.2	Terms defined in the singular shall have a corresponding meaning when used in the plural and vice versa. 

  

	1.3	Clause headings in this Agreement shall not affect its interpretation. 

  

	2.	AGREEMENTS 

  

	2.1	Prosperity and BPUEI agree to waive their respective Right of First Refusal under Section 5.7.1 with respect to the transfer (the “Individual
Equityholders’ Transfer”) of the Individual Equityholders’ Equity Interest from the Individual BJB Equityholders to the Individual Equityholders’ Transferee regardless of when the Individual Equityholders’ Transfer
occurs. 

  

	2.2	Prosperity and the Individual BJB Equityholders agree to waive their respective Right of First Refusal under Section 5.7.1 with respect to the transfer (the
“BPUEI Transfer”) of the BPUEI’s Equity Interest from BPUEI to the BPUEI’s Transferee regardless of when the BPUEI Transfer occurs. 

  

	2.3	Neither the BPUEI’s Transferee nor the Individual BJB Equityholders’ Transferee shall be a Competitor of Listco. 

  

	2.4	BPUEI shall cause the BPUEI’s Transferee to exchange the BPUEI Equity Interest for Ordinary Shares pursuant to the Listco Share Exchange Agreement immediately
after the completion of the BPUEI Transfer. 

  

	2.5	The Individual BJB Equityholders shall cause the Individual BJB Equityholders’ Transferee to exchange the Individual BJB Equityholders’ Equity Interest for
Ordinary Shares pursuant to the Listco Share Exchange Agreement immediately after the completion of the Individual BJB Equityholders’ Transfer. 

	3.	REPRESENTATIONS AND WARRANTIES 

 Each Party hereto represents and warrants to the other Party that: 
  

	3.1	Corporate Existence and Power; Natural Person Capacity. With respect to a Party that is a corporate entity, such Party is duly organized, validly existing and in
good standing under the laws of its jurisdiction of organization and each has all organizational powers to carry on its business as now conducted. With respect to a Party that is a natural person, such Party has the capacity to enter into this
Agreement. 

  

	3.2	Authorization. The execution, delivery and performance by each Party that is a corporate entity and the consummation of the transactions contemplated by this
Agreement are within such Party’s corporate powers and have been duly authorized by all necessary corporate action on the Part of such Party. Each Party has full power and capacity and has obtained all corporate and other approvals necessary to
enter into this Agreement and all further documents required to be entered into pursuant hereto, as well as to perform its obligations hereunder and thereunder as and when due. 

  

	3.3	Governmental Authorization. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement
require no action or approval by or in respect of, or filing with, any governmental authority other than (i) the registration, filing or approval as required by relevant PRC laws and regulations with respect to foreign acquisition and merger,
or (ii) those as to which the failure to make or obtain would not reasonably be expected to prevent the Party’s ability consummate the transactions contemplated by this Agreement or perform its obligations under this Agreement.

  

	3.4	Binding Agreement. This Agreement constitutes a valid and binding agreement, enforceable against such Party in accordance with its terms, except to the extent
such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws from time to time in effect generally affecting the enforcement of creditors’ rights and remedies and
general principles of equity. 

  

	3.5	Noncontravention. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement do not and
will not (i) violate any of the Party’s organizational document, (ii) violate any applicable laws and regulations to which the Party is subject, (iii) violate any agreement to which the it is a Party, with such exceptions, in the
case of each of clauses (ii) and (iii), as would not, individually or in the aggregate, reasonably be expected to prevent, enjoin or impair the Party’s ability to consummate the transactions contemplated by this Agreement or perform the
Party’s obligations under this Agreement, or be material. 

  

	4.	GENERAL PROVISIONS 

  

	4.1	Term and Termination; Survival. This Agreement shall commence on the date hereof and shall remain in effect until all the obligations hereunder are performed. It
shall terminate at any time before the performance of all obligations upon written consent of all Parties. Termination of this Agreement shall not prejudice any accrued rights of any Party. Representations and warranties set forth in this Agreement
shall survive any termination for two years. 

	4.2	Notices. Any notice or other communication under or in connection with this Agreement shall be in writing and shall be delivered personally or sent by registered
letter, postage prepaid or by fax, to the Party due to receive the notice at its address set out below or such other address as any Party may specify by notice in writing to the others. 

 Beijing Peking University Education Investment Co., Ltd. 
 4th Floor, Beida Jade Bird Building 
 No. 207 Chengfu Road 
 Haidian District 
 Beijing 100871 
 People’s Republic of China 
 Facsimile: 0086-010-6276-5626 
 Attention: XU, Zhixiang 
 Individual BJB Equityholders 
 c/o Beijing Jade Bird Education Information Technology Co. Ltd., 
 Beida Jade Bird Building 
 No. 207 Chengfu Road 
 Haidian District, Beijing 100871 
 People’s Republic of China 
 Fax number: 0086-10-6276-5626 
 Attention: YANG, Ming 
 Prosperity Holdings Limited 
 c/o Crescent Point Group 
 One George Street, #15-04 
 Singapore 049145 
 Fax number: 0065-6223-5992 
 Attention: WONG, James 
  

	4.3	Remedies. The rights and remedies contained in this Agreement are cumulative and not exclusive of any rights or remedies provided by law.

  

	4.4	Amendments and Waivers. (a) Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed,
in the case of an amendment, by each Party to this Agreement, or in the case of a waiver, by the Party against whom the waiver is to be effective; (b) No failure or delay by any Party in exercising any right, power or privilege hereunder shall
operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 

  

	4.5	Entire Agreement. This Agreement and each document referred to in it constitute the entire understanding and agreement between the Parties
concerning the subject matter hereof and thereof and supersede all prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the Parties with respect thereto. This is an integrated document.

	4.6	Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and
permitted assigns; provided that no Party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of the all other Parties hereto, except for assigns among the Individual BJB
Equityholders. 

  

	4.7	Governing Law. This Agreement shall be governed by and construed in accordance with the laws promulgated in the PRC. However, where PRC Laws does not regulate on
any issues specified herein, the same shall be governed by reference to international custom. 

  

	4.8	Dispute Resolution Forum. 

 (a) If there is any dispute, claim or controversy arising from, related to or in connection with this Agreement, or the breach, termination or invalidity hereof, the Parties shall first attempt to resolve such dispute, controversy or claim
through friendly consultations. If the dispute, claim or controversy is not resolved through friendly consultations within thirty days after a Party has delivered a written notice to another Party requesting the commencement of consultation, then
the dispute, claim or controversy shall be finally settled by arbitration conducted by the China International Economic and Trade Arbitration Commission (the “CIETAC”) in accordance with the Arbitration Rules of the CIETAC then in
effect and as may be amended by the rest of this Section 4.8 (the “Rules”). There shall be three arbitrators nominated in accordance with the Rules. One arbitrator shall be nominated by Crescent Jade, and the second arbitrator
shall be nominated by BPUEI’s Transferee and the Individual Equityholders’ Transferee together as a group. The two named arbitrators shall nominate the third arbitrator within thirty (30) days of the nomination of the second
arbitrator. If any arbitrator has not been named within the time limits specified in the Rules, such appointment shall be made by the Chairman of the CIETAC upon the written request of either Party within thirty days of such request. The arbitration
shall be held and the award shall be rendered in China. The arbitration proceeding shall be conducted and the award shall be rendered in the both Chinese and English language. Each Party shall cooperate in good faith to expedite (to the maximum
extent practicable) the conduct of any arbitral proceedings commenced under this Agreement. 
 (b) The award shall be final and
binding upon the Parties, and shall be the exclusive remedy between the Parties regarding any claims, counterclaims, issues, or accountings presented to the arbitral tribunal. To the fullest extent allowed by applicable law, each Party hereby waives
any right to appeal such award. Judgment upon the award may be entered in any court having jurisdiction thereof, and for purposes of enforcing any arbitral award made hereunder, each Party irrevocably submits to the jurisdiction of any court sitting
where any of such Party’s material assets may be found. Any arbitration proceedings, decisions or awards rendered hereunder shall be governed by the United Nations Convention on the Enforcement of Foreign Arbitral Awards of June 10, 1958,
as amended, and the Parties agree that any award rendered hereunder shall not be deemed a domestic arbitration under the laws of any jurisdiction. 

 (c) By agreeing to arbitration, the Parties do not intend to deprive any court of its
jurisdiction to issue a pre-arbitral injunction, pre-arbitral attachment or other order in aid of arbitration proceedings and the enforcement of any award. Without prejudice to such provisional remedies in aid of arbitration as may be available
under the jurisdiction of a court, the arbitral tribunal shall have full authority to request the court to grant provisional remedies and to award damages for the failure of any Party to respect the arbitral tribunal’s orders to that effect.

 (d) The costs of the arbitration, as defined in the Rules, shall be allocated between the Parties by the arbitrators and shall
be set forth in the arbitral award. Any amounts subject to the dispute, controversy or claim that are ultimately awarded to a Party under this Section 4.8 shall bear interest at the rate of five percent (5%) per annum from the earlier of
(i) the date of the request for arbitration and (ii) the date such amount would have become due and owing but for the dispute, controversy or claim until the date the arbitral award is paid in full. 
  

	4.9	Counterparts; Effectiveness; Third Party Beneficiaries. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the
same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each Party hereto shall have received a counterpart hereof signed by the other Party hereto. Until and unless each Party
has received a counterpart hereof signed by the other Party hereto, this Agreement shall have no effect and no Party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication). No
provision of this Agreement is intended to confer any rights, benefits, remedies, obligations, or liabilities hereunder upon any person other than the Parties hereto and their respective successors and assigns. 

  

	4.10	Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other governmental authority to
be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal
substance of the transactions contemplated by this Agreement is not affected in any manner materially adverse to any Party. Upon such a determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original
intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated by this Agreement be consummated as originally contemplated to the fullest extent possible. 

 [Signature Pages to Follow] 

 IN WITNESS WHEREOF, the Parties to this Agreement have executed and delivered this Agreement on the
day and year first before written. 
  

			
	BEIJING PEKING UNIVERSITY EDUCATION INVESTMENT CO., LTD.
	
	 

	By:	 	
	Title:	 	
	
	PROSPERITY HOLDINGS LIMITED
	
	 

	By:	 	
	Title:	 	
	
	YANG, MING
	
	 

	
	TANG, CHENGXI
	
	 

	
	LIANG, JUN
	
	 

	
	SUN, QUNTIAN
	
	 

 
  

			
	LU, JUN
	
	 

	
	XIAO, RUI
	
	 

			
	GAO, WEI
	
	 

	
	LIN, PING
	
	 

	
	GUO, NANNAN
	
	 

	
	HE, WENRUI
	
	 

	
	YU, LINA
	
	 

	
	XIAO, QIQIN
	
	 

	
	Li, XIANGYANG
	
	 

 
  

			
	WANG, YANG
	
	 

 SCHEDULE 1 
 FOURTEEN INDIVIDUAL SHAREHOLDERS OF BJB 
 YANG, MING

 TANG, CHENGXI 
 LIANG, JUN 
 SUN, QUNTIAN 
 LU, JUN 
 XIAO, RUI 
 GAO, WEI 
 LIN, PING 
 GUO, NANNAN 
 HE, WENRUI 
 YU, LINA 
 XIAO, QIQIN 

Li, XIANGYANG 
 WANG, YANG

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