Document:

EX-10.6

 Exhibit 10.6 

[English Translation] 

Exclusive Service Agreement 
 This
Exclusive Service Agreement (this “Agreement”) is amended and entered into on September 30, 2017 by and among: 
  

	1.	Shanghai Fuxi Enterprise Management Consulting Co., Ltd., a wholly foreign-owned enterprise duly established and existing under the laws of the PRC (the uniform social
credit code: 913100003216954485) having its registered address at Room 213, No. 865, 867, 869 and 877, Qiujiang Road, Jing’an District, Shanghai (“Party A”); 

 

	2.	Peiqing Tian, an individual (the ID Card No.: 310110196202283271) having his residential address at Room 402, No. 17, Tian Lin Shi Yi Cun, Xuhui District, Shanghai (“Party B”);

  

	3.	Shanghai Four Seasons Education and Training Co., Ltd., a limited liability company duly established and existing under the laws of the PRC (the uniform social
credit code: 91310106088554568M) having its registered address at Room 215-234, Room C, No. 865, 867, 869, 877, Qiujiang Road, Zhabei District, Shanghai (“Party C”);

  

	4.	Party C’s affiliated enterprises, schools established or controlled by Party C as listed under Schedule A as of the execution date of this Agreement and other schools to be established or controlled by Party
C (“Party C’s affiliated enterprises”). 

 In this Agreement, Party A, Party B, Party C and Party
C’s affiliated enterprises shall be individually referred to as a “Party” or collectively referred to as the “Parties”. 

WHEREAS: 
  

	1.	Party A is a wholly foreign-owned enterprise established in accordance with the laws of the PRC, with the scope of business including enterprise management consultancy, enterprise image design and consultancy, marketing
plan, business information consultancy, convention and exhibition service (except for being a sponsor or an organizer). 

  

	2.	Party C is a limited liability company registered in the PRC in accordance with PRC law, having its principal business of cultural education and training (mathematics thinking training, middle school physics, reading
and writing, New Concept English and junior high school chemistry). Party B is the sole shareholder of Party C, holding 100% of Party C’s equity interests. 

  

	3.	Party C directly or indirectly holds the whole or part of the organizer’s interests of Party C’s affiliated enterprises. 

  

	4.	Party A agrees to provide technical services, management and consulting services (see below for the detailed scope) in connection with education and training activities for Party C and Party C’s affiliated
enterprises during the term of this Agreement, and Party C and Party C’s affiliated enterprises agree to accept the relevant services provided by Party A in accordance with the provisions of this Agreement. 

  
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 The Parties hereby enter into this Agreement through friendly negotiations to stipulate the
rights and obligations of the Parties for mutual compliance. 
  

	1.	Definition and Interpretation 

 “Proposed Listing Company”
shall mean Four Seasons Education (Cayman) Inc., a limited company incorporated under the laws of the Cayman Islands on June 9, 2014. 

“Business” shall mean all the services and business provided or operated by Party C from time to time in accordance with its
issued permits, including but not limited to private education and training activities. 
 “Control” shall mean the right to
directly or indirectly decide or urge others or other subjects to decide someone’s or a certain subject’s operating management and business policy through shares or equities of voting rights, contracts or other means. 

“VIE Agreements” shall mean the Exclusive Service Agreement, the Exclusive Call Option Agreement, the Shareholder
Voting Rights Proxy Agreement and the Equity Pledge Agreement entered into by and among some or all of the Parties hereto on the same day this agreement is entered, including any supplemental agreements or amendments to such agreements, and any
other agreements, contracts or legal documents executed or issued by one or more Parties and/or Party C’s affiliated enterprises from time to time to ensure the performance of the aforesaid agreements, signed or accepted by Party A in writing.

 “Exclusive Call Option Agreement” shall mean the Exclusive Call Option Agreement amended and entered into by and among
the Parties hereto on September 30, 2017. To the extent that the PRC laws permit and subject to relevant conditions, if Party A, at its own discretion, proposes a purchase request, Party B shall, at the request of Party A, transfer all or part of
equity interests held by it in Party C to Party A and/or any other entity or individual as designated by Party A. 
 “PRC”
shall mean the People’s Republic of China (for the purpose of this Agreement, excluding Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan). 

  
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	2.	Exclusive Technical Service and Management and Consulting Service 

  

	2.1	During the term of this Agreement, the Parties agree that where permitted by the laws of the PRC, Party A shall provide part of or all of the services in relation to their business (“Services”) to
Party C and Party C’s affiliated enterprises in accordance with the terms and conditions set forth in this Agreement: 

  

	 	a)	to license Party C and Party C’s affiliated enterprises to use software in relation to their business which is legally obtained by Party A; 

 

	 	b)	to design, develop, update, maintain education and training software used on computers and mobile devices; 

  

	 	c)	to design, develop, update and maintain the web pages and websites required for their related education and training activities; 

  

	 	d)	to design, develop, update and maintain the management information system required for its related education and training activities; 

 

	 	e)	to provide design services in respect of education and training subjects and curriculum; 

  

	 	f)	to provide the editing, selection and/or recommendation services in respect of teaching materials; 

  

	 	g)	to provide students recruitment services and support, including but not limited to planning recruitment standard, scope and manner, developing and designing recruitment brochures and advertisements; 

 

	 	h)	to provide support and services in respect of teachers and staff recruitment and training; 

  

	 	i)	to provide public relations maintenance services, including but not limited to assisting Party C and Party C’s affiliated enterprises to maintain good relations with government departments and the media
sector; 

  

	 	j)	to establish long-term strategic development plans and develop annual work plans; 

  

	 	k)	to establish management models and business plans, market development plans; 

  

	 	l)	to provide suggestions for the internal organizational structure and internal management system of training institutions; 

  

	 	m)	to develop regional and national market development plan for student resources for Party C and Party C’s affiliated enterprises; 

 

	 	n)	to assist Party C and Party C’s affiliated enterprises in establishing a combined online/offline modern marketing network; 

  
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	 	o)	to assist in the establishment of a sound management system for business operation; 

  

	 	p)	to provide Party C and Party C’s affiliated enterprises with management and consulting services in respect of daily operations, finance, investment, assets, claims and debts, human resources, information
internalization and other management and consulting services; 

  

	 	q)	to assist Party C and Party C’s affiliated enterprises in developing programs for relationship maintenance with suppliers, customers, partners and students, and in maintaining such relationships;

  

	 	r)	to advise on the negotiation, execution and performance of material contracts of Party C and Party C’s affiliated enterprises; 

 

	 	s)	to advise and recommend the assets and business operation of Party C and Party C’s affiliated enterprises; 

  

	 	t)	to provide comprehensive operation and solution plans in relation to the information technology or operation management to meet the business requirement of Party C and Party C’s affiliated enterprises;

  

	 	u)	to design staff training and development programs and provide staff with pre-job training, management training and technical training to improve the service level of
Party C’s and Party C’s affiliated enterprises’ staff and management; 

  

	 	v)	to provide other services which was requested by Party C and Party C’s affiliated enterprises from time to time. 

  

	2.2	Party C and Party C’s affiliated enterprises shall appoint Party A to exclusively provide business related services, and Party C and Party C’s affiliated enterprises further agree that, unless
Party A gives prior written consent, during the term of this Agreement, Party C and Party C’s affiliated enterprises undertake not to appoint or accept any third party to provide all or part of the above services in respect of such
business, and shall not establish any similar relationship with any third party in respect of the matters contemplated in this Agreement. Party A may designate other parties to provide such services for Party C and Party C’s
affiliated enterprises. 

  

	2.3	Party C and Party C’s affiliated enterprises shall promptly provide Party A with the plan and schedule for the required services. 

 

	3.	Provision of Service and Authorization 

  

	3.1	Party C and Party C’s affiliated enterprises shall, and Party B shall, where applicable, procure Party C and Party C’s affiliated enterprises to, operate in accordance with the opinions or suggestions provided
by Party A for the services stated in Articles 2 of this Agreement. 

  

	3.2	In order to enable Party A to provide relevant services more efficiently, Party C and Party C’s affiliated enterprises irrevocably appoint Party A (and any entrusted or
re-entrusted person of Party A) as their agent during the term of this Agreement, and Party A may act on behalf of and in the name of Party C and Party C’s affiliated enterprises or in
other ways (as determined by the agent): 

  

	 	a)	to sign the relevant documents with third parties (including but not limited to suppliers and customers); 

  
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	 	b)	to handle any matters which are incumbent upon but not handled by Party C and Party C’s affiliated enterprises under this Agreement; and 

 

	 	c)	to sign all necessary documents and handle all necessary matters so that Party A may fully exercise all or any of the rights conferred by this Agreement. 

 

	3.3	If it is required by Party A, Party B and Party C and Party C’s affiliated enterprises shall undertake to issue an independent power of attorney to Party A in relation to a certain matter at any time upon the
request of Party A. 

  

	3.4	Party C and Party C’s affiliated enterprises agree to acknowledge retrospectively and confirm any matters that Party A has handled or intends to handle as an agent pursuant to this provisionof appointment.

  

	3.5	The entrustment and authorization granted by Party B, Party C and Party C’s affiliated enterprises to Party A under this Agreement is sole, exclusive and irrevocable. During the term of this Agreement, Party B,
Party C and Party C’s affiliated enterprises shall procure and ensure that, without Party A’s prior written consent, Party C and Party C’s affiliated enterprises shall not, directly or indirectly, obtain from any third party
(including but not limited to its shareholders, directors, senior officers, or persons or entities having any affiliated relationship with the aforementioned shareholders, directors or senior officers) any identical or similar services as those
agreed herein, and shall not establish any similar business cooperation with any third party in respect of the matters contemplated in this Agreement. 

  

	3.6	Party C and Party C’s affiliated enterprises shall, and Party B shall procure and ensure that Party C and Party C’s affiliated enterprises shall provide Party A with any documents relating to Party C and
Party C’s affiliated enterprises as required by Party A, and shall give Party A access to all licenses and documents in relation to Party C’s and Party C’s affiliated enterprises’ operations. 

 

	3.7	The Parties hereby agree that Party A shall have the right to grant all or part of its rights to provide services under this Agreement to a third party designated by Party A. 

 

	3.8	Party B shall procure and ensure that Party A has the right to decide whether Party C and Party C’s affiliated enterprises may continue to operate and Party A has the right (but not obliged) to choose whether
to give financial support to Party C and Party C’s affiliated enterprises when Party C and Party C’s affiliated enterprises incur operating losses or experience serious business difficulties or financial crises, and Party C and
Party C’s affiliated enterprises shall unconditionally accept Party A’s decision as to whether or not they should continue to operate. 

  
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	4.	Service Fee 

  

	4.1	As the consideration for Party A’s exclusive services, Party C and Party C’s affiliated enterprises shall, according to the payable service fee which is assessed by Party A based on its own financial
position and that of Party C’s and Party C’s affiliated enterprises’ assess, determine and pay technical service fee and management and consulting service fee (collectively “Service Fee”) to Party A for each fiscal year.

  

	4.2	In respect of the Service Fee to be paid by Party C and Party C’s affiliated enterprises to Party A, it shall be assessed and determined by the following floating standard: that is, subject to the provisions of the
PRC laws, after deducting necessary costs and expenses for company’s business operations (the preliminary assessment result of the necessary costs and expenses shall be provided by Party C and Party C’s affiliated enterprises, and the
final confirmation and decision shall be made by Party A) , taxes, provisions for the company’s losses in the previous years (if required by applicable laws), and redeeming the statutory reserve funds, the rest of income (after auditing and
according to International Accounting Standards) and all financial benefits shall be paid to Party A by Party C and Party C’s affiliated enterprises as service fee under this Agreement. The amount of service fee shall be determined by Party A
and adjusted by Party A independently without consents from Party C and Party C’s affiliated enterprises, and shall be calculated and adjusted with taking into following factors, including but not limited to (a) the percentage of equity
interest held by Party C in Party C’s affiliated enterprises, (b) the difficulty and complexity of service provided by Party A, (c) the time consumed on service provided by service staff of Party A and the resources used by Party A, (d) the
specific content and commercial value of services provided by Party A and (e) the market price of the same type of services provided by Party A. 

In the event that Party A considers that the determination mechanism for the Service Fee agreed upon in this Agreement is not applicable and
needs to be adjusted for any reason, Party C and Party C’s affiliated enterprises shall, within ten (10) business days after Party A has made a written request for adjustment, negotiate with Party A in good faith to determine the new
charging standard or mechanism. If Party C and Party C’s affiliated enterprises do not respond within ten (10) business days upon receipt of the above adjustment notice, they shall be deemed to have agreed to the adjustment by default.

  

	4.3	Service Fee may be paid before or after Party A provides the required technical services and management and consulting services. In order to meet the demands of the daily business operations of Party C and Party
C’s affiliated enterprises, with the consent of Party A, Party C and Party C’s affiliated enterprises can only use the portion of cash exceeding their basic cash demands to pay the Service Fee, and the shortage of fee can be suspended from
payment if it is within the limit as agreed by Party A. Such suspension of payment shall not be considered as breach of contract by Party C and Party C’s affiliated enterprises, but Party C and Party C’s affiliated enterprises shall pay
overdue interest. 

  

	4.4	Service Fee shall be assessed, determined and paid on a fiscal year basis. Party C and Party C’s affiliated enterprises shall prepare and issue a financial report duly audited by an accounting firm in accordance
with the applicable accounting principles within three (3) months after the end of each accounting year, and shall, within fifteen (15) days after the preparation and issuance of the audited financial accounting report, pay Party A the
Service Fee under this Agreement. Party C and Party C’s affiliated enterprises shall, within the fifteen (15) days after the preparation and issuance of the audited financial accounting report, confirm with Party A the amount of each
Service Fee payment in written form through the resolution of the board of directors or the decision of the executive director and make payment.. 

  
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	4.5	In addition to the Service Fee, Party C and Party C’s affiliated enterprises shall bear and indemnify Party A for all reasonable costs, disbursements and expenses (hereinafter the “Expenses”) of
any form that are paid or incurred by Party A or in connection with the performance or provision of services by Party A. 

  

	4.6	Party C and Party C’s affiliated enterprises shall pay the Service Fee to and indemnify Party A for his expenses in accordance with the provisions of this Agreement and the supplemental documents executed from time
to time. Party A shall issue invoice for the corresponding Service Fee and all the Expenses incurred during the relevant period to Party C and Party C’s affiliated enterprises in a timely manner. Party C and Party C’s affiliated
enterprises shall pay the amount specified in the invoice within seven (7) days after receipt of the invoice. All bank charges due to such payment shall be borne by Party C and Party C’s affiliated enterprises. All payments shall be
made to Party A’s designated bank account by remittance or other means accepted by the Parties. The Parties agree that Party A may from time to time deliver notice about changes in such payment instructions to Party C and Party C’s
affiliated enterprises. 

  

	4.7	Party C and Party C’s affiliated enterprises shall pay interest on any overdue payment of the Service Fee and Expenses stipulated in this Agreement, and the interest rate shall be paid at the rate of RMB short-term
loan interest published by the People’s Bank of China on the date of the actual payment. 

  

	4.8	Each party shall bear its own taxes and fees duly payable in connection with the signing and performance of this Agreement. At the request of Party A, Party C and Party C’s affiliated enterprises shall
endeavor to assist Party A in obtaining the treatment of exemption from business tax/VAT in respect of all or part of its Service Fee income under this Agreement. 

 

	5.	Representations and Warranties 

  

	5.1	Party A represents and warrants that: 

  

	 	a)	Party A is a duly established and validly existing company with limited liability and the ability to assume civil liabilities; 

  

	 	b)	Party A has the right to sign and perform this Agreement and has obtained all necessary and appropriate approvals and authorizations for the signing and performance of this Agreement. Party A has also obtained all
government approvals, qualifications and permits as required to conduct relevant business pursuant to applicable laws; 

  

	 	c)	This Agreement shall be legally valid and binding on Party A as of the date of this Agreement and may be enforced in accordance with the provisions of this Agreement; 

  
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	 	d)	Party A’s signing and performance of this Agreement does not violate any PRC laws and regulations, the judgment of any court or the awards of any arbitration institution, the decision, approval or permit of any
administrative authority, or any agreement to which it is a party or which is binding on it, nor will it result in the approval or permit of any government authority, to which it applies, being suspended, revoked, confiscated or failed to be
renewedupon expiration; 

  

	 	e)	there are no outstanding litigation, arbitration, or other judicial or administrative proceedings that will affect Party A’s performance of obligations under this Agreement, and as far as it is aware of, no
threat of action involving the above is to be taken. 

  

	5.2	Party B, Party C and Party C’s affiliated enterprises represents and warrants that: 

  

	 	a)	Party B is a natural person with civil rights and civil capacity, Party C and Party C’s affiliated enterprises are duly established and validly existing limited liability company or schools; 

 

	 	b)	upon the taking effect of this Agreement, Party B is a legal shareholder of Party C, holding 100% of its equity interests; Party C directly or indirectly holds the whole or part of the organizer’s interests of
Party C’s affiliated enterprises; 

  

	 	c)	except for the rights restrictions imposed upon Party C’s equity interests due to the VIE Agreements, there are no other encumbrances or rights restrictions imposed upon Party C’s equity interests by Party B
by Party C; Party C directly or indirectly holds the whole or part of the organizer’s interests (without any encumbrance or restriction) of Party C’s affiliated enterprises; 

 

	 	d)	Party B, Party C and Party C’s affiliated enterprises will strictly abide by the terms of this Agreement and shall not affect the validity and enforceability of this Agreement due to their act or omission to act;

  

	 	e)	Party B, Party C and Party C’s affiliated enterprises have the right to sign and perform this Agreement, and has obtained all necessary and appropriate approvals and authorizations for the signing and performance
of this Agreement. They have also obtained all approvals, qualifications and permits as required to conduct relevant business pursuant to applicable laws; 

  

	 	f)	This Agreement shall be legally valid and binding upon Party B, Party C and Party C’s affiliated enterprises as of the effective date of this Agreement and shall be legally enforceable in accordance with the
provisions of this Agreement; 

  

	 	g)	The signing and performance of this Agreement by Party B, Party C and Party C’s affiliated enterprises shall not violate any PRC laws and regulations, the judgment of any court or the awards of any arbitration
institution, the decision, approval or permit of any administrative authority, or any agreement to which it is a party or which is binding on it, nor will it result in the approval or permit of any government authority, to which it applies, being
suspended, revoked, confiscated or failed to be renewed upon expiration; 

  
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	 	h)	there are no outstanding litigation, arbitration, or other judicial or administrative proceedings that will affect Party B, Party C and Party C’s affiliated enterprises’ performance of obligations
under this Agreement, and as far as they are aware of, no threat of action involving the above is to be taken; 

  

	 	i)	Party B, Party C and Party C’s affiliated enterprises have disclosed to Party A any contract, government approval, permit, or any document to which any of them is a party or which is binding on it or its assets or
business, which may cause significant adverse effect on its ability to fully comply with its obligations under this Agreement, and there are no false statements or omissions of any material facts in the documents provided previously to Party A
by Party B, Party C and Party C’s affiliated enterprises; 

  

	 	j)	Party C and Party C’s affiliated enterprises will pay the Service Fee to Party A in full and in time in accordance with the provisions of this Agreement; 

 

	 	k)	Party C and Party C’s affiliated enterprises shall maintain the ongoing validity of the permits and qualifications related to Party C and Party C’s affiliated enterprises’ business during the term of
this Agreement; and actively cooperate with Party A to provide services and accept Party A’s reasonable advice and suggestions on Party C and Party C’s affiliated enterprises’ business. 

 

	5.3	Party B, Party C and Party C’s affiliated enterprises hereby confirm and agree that, unless with the prior written consent of Party A or its designated person, Party B, Party C and Party C’s affiliated
enterprises will not conduct or procure any activities or transactions that may materially affect Party C and Party C’s affiliated enterprises’ assets, business, personnel, rights, obligations or unit operations, and shall not conduct
or procure any activities or transactions that may materially affect the ability of Party B, Party C and Party C’s affiliated enterprises to perform their obligations under the VIE Agreements, including but not limited to:

  

	 	a)	Without Party A’s prior written consent, Party C and Party C’s affiliated enterprises shall not establish or acquire any subordinate enterprises, units or legal entities, including but not limited to
subsidiaries, branches, private non-enterprise units; 

  

	 	b)	Without Party A’s prior written consent, Party C and Party C’s affiliated enterprises shall not carry out any activities beyond the normal business scope, nor shall it change Party C and Party C’s
affiliated enterprises’ business model; 

  

	 	c)	Without Party A’s prior written consent, Party C and Party C’s affiliated enterprises shall not engage in any merger, split-off, restructuring of its organization ,
dissolution or liquidation; 

  

	 	d)	Without Party A’s prior written consent, they shall not sell the equity interests or organizer’s interests of Party C and Party C’s affiliated enterprises to any third party other than
Party A or its designated person, or increase or decrease their registered capital, or change the structure of equity interests or organizer’s interests of Party C and Party C’s affiliated enterprises in any manner;

  
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	 	e)	Without Party A’s prior written consent, they shall not pledge the equity interests of Party C and Party C’s affiliated enterprises or the assets or rights of Party C and Party C’s affiliated enterprises
to any third party other than Party A or its designated person with, nor shall they request Party C and Party C’s affiliated enterprises to provide any other forms of security, or create any other encumbrances upon the equity interests or
organizer’s interests of Party C and Party C’s affiliated enterprises or the assets owned by Party C and Party C’s affiliated enterprises; 

  

	 	f)	Without Party A’s prior written consent, they shall not distribute dividends, reasonable returns or other payments to Party B in any manner; if Party B obtains any bonuses, dividends or any other gains or
benefits (regardless of its particular form) from Party C as a shareholder of Party C or Party C obtains any bonuses, dividends or any other gains or benefits (regardless of its particular form) from Party C’s affiliated enterprises as a
shareholder or organizer of Party C’s affiliated enterprises, they shall, at the time of obtaining the aforesaid proceeds, unconditionally and immediately pay the proceeds or benefits to the specific account designated by Party A for free
as an integral part of the share pledge to provide security for the performance of the obligations under the VIE Agreements and the repayment of debt; 

  

	 	g)	They shall not carry out any activities that cause or may cause adverse effect on Party C and Party C’s affiliated enterprises’ daily operations, business and assets and Party C and Party C’s
affiliated enterprises’ ability to make payment to Party A; 

  

	 	h)	Party B and Party C and Party C’s affiliated enterprises shall ensure that in the event of any ongoing or potential investigation, action, arbitration, administrative proceeding or other legal proceedings involving
the assets, business and income of Party C and Party C’s affiliated enterprises occurring, they will immediately inform Party A of the same; 

  

	 	i)	They shall not engage in any transaction that has or may have adverse effect on all kinds of cooperation among Party A, Party B, Party C and Party C’s affiliated enterprises pursuant to the VIE
Agreements; and 

  

	 	j)	Without Party A’s prior written consent, no rights and obligations under this Agreement and other VIE Agreements shall be transferred to any third party other than Party A or its designated persons, and Party B,
Party C and Party C’s affiliated enterprises hall not establish or carry out any cooperation or business relationship with any third party that is identical or similar to that under this Agreement. 

 

	5.4	Party B warrants to Party A that it has made all proper arrangements and signed all necessary documents to ensure that upon its death, loss of civil capacity, any restriction imposed on civil capacity, divorce, or
occurrence of other circumstances that may affect its exercise of its equity interests in Party C, its successor, guardian, spouse and any other person who may obtain such equity interests or related rights cannot influence or impede the performance
of the VIE Agreements. 

  

	5.5	Party B, Party C and Party C’s affiliated enterprises guarantee to Party A that it will not act or omit to act in the contrary to the purpose and intention of the establishment of the VIE Agreements resulting in or
may result in any conflicts between Party A’s interests and the interests of Party B, Party C and Party C’s affiliated enterprises and their respective subordinate legal entities. If Party B, Party C and Party C’s affiliated
enterprises have conflicts with Party A in the performance of the VIE Agreements, Party B, Party C and Party C’s affiliated enterprises will maintain Party A’s legal interests under the VIE Agreements and legally follow the
instructions of Party A. 

  
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	6.	Confidentiality, Intellectual Property Rights And Non-Competition 

  

	6.1	The Parties agree that they will endeavor to take various reasonable measures to keep confidential the secret materials and information of Party A (the “Confidential Information”) that they get
to know or have access to as a result of obtaining Party A’s exclusive technical support and technical service; unless Party A gives prior written consent, the Parties shall not disclose, give or transfer such Confidential Information to any
third party. Once this Agreement terminates, the Parties shall return any documents, materials or software containing the Confidential Information to Party A as requested by Party A or destroy such documents, materials or software on their own,
and delete any Confidential Information from all relevant memory devices and shall not continue to use such Confidential Information. 

  

	6.2	The Parties acknowledge and confirm that any oral or written information exchanged by them in respect of this Agreement shall be Confidential Information. Each of the Parties shall keep all of such information
confidential and shall not disclose any relevant information to any third party without written consents of the other Parties, except for: 

  

	 	a)	the information that is known or to be known by the public (not through the disclosure by the receiving Party of such information); 

  

	 	b)	the information that is required to be disclosed pursuant to applicable laws or rules or regulations of any stock exchange; or 

  

	 	c)	the information that is required to be disclosed by any Party to its legal counsel or financial advisor in respect of the transaction under this Agreement, which legal counsel or financial advisor shall be bound by the
confidentiality obligations similar to the obligations stated in this Article. 

  

	6.3	Any disclosure of any Confidential Information made by the staff members or agencies hired by any Party shall be deemed as the disclosure of such Confidential Information made by such Party, and such Party shall assume
legal liabilities for breach of this Agreement. 

  

	6.4	Unless otherwise provided by the PRC laws and regulations, the technology developed and the materials prepared by Party A during the course of providing Party C and Party C’s affiliated enterprises with
R&D services, technical support and technical services, and the intellectual property rights of all the R&D results obtained through R&D as a result of implementing this Agreement and/or the contract jointly executed by Party A with
other Parties as well as any rights derived therefrom (“Such Rights”) all belonged solely to Party A. Such Rights include but not limiteded to the right to apply for patents, the title to
know-how, the copyright of software, technical documents and technical information of works, trade secrets, artwork and other works, or other intellectual property rights and the right to authorize others to
use the above or to transfer the above intellectual property rights. 

  
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	6.5	Without Party A’s prior written consent, Party C and Party C’s affiliated enterprises shall not, and shall procure its subsidiaries or entities (if any) not to, transfer, assign, mortgage, permit or otherwise
dispose of any Such Rights. 

  

	6.6	All Parties agree that this Article shall remain in force, no matter if this Agreement is invalid, altered, discharged, terminated or inoperative. 

 

	7.	Default Liability 

  

	7.1	If any party violates this Agreement resulting infailure to perform all or part of this Agreement, the default Party shall be liable for breach of contract and shall indemnify the
non-default Party for any consequential damages (including litigation costs and attorney’s fees arising therefrom); if all of the Parties have breached the contract, they shall assume their respective
liabilities depending on the actual circumstances. 

  

	7.2	The Parties agree that Party A shall have the right, in the circumstances permitted by applicable laws, upon the breach of this Agreement by Party C and Party C’s affiliated enterprises, to request the competent
court or arbitration institution with jurisdiction to take statutory remedies or other remedial measures against the equity interests, land or other assets held by the default Party, including but not limited to such remedies as transferring the
equity interests of Party C and Party C’s affiliated enterprises and their subordinate enterprises or units, or compulsorily requesting Party C and Party C’s affiliated enterprises and their subordinate enterprises or units to transfer
assets, or ordering Party C and Party C’s affiliated enterprises and their subordinate enterprises or units to dissolve or liquidate so as to compensate Party A’s losses. 

 

	7.3	If Party A assumes indemnification liabilities against any other Party to the agreements and/or a third Party as a result of performing the rights and obligations under the VIE Agreements, upon making such compensation,
Party A shall have the right to seek indemnification from Party B, Party C and Party C’s affiliated enterprises in connection with such compensation. 

  

	8.	Governing Law and Dispute Resolution 

  

	8.1	Change of Law 

 In the event that at any time after the date of execution of this Agreement, any
PRC laws, regulations or rules are promulgated or amended, or there is any change to the interpretation or application of such laws, regulations or rules, the following provisions shall apply: 

 

	 	a)	If the above change or new regulations are more favorable to any Party than the relevant laws, regulations, decrees or regulations in force on the date of this Agreement (while the other party is not seriously and
adversely affected thereby), the Parties shall promptly revise this Agreement so as to obtain the benefits of such change or new regulations; or the Parties shall promptly apply to obtain the benefits of such change or new regulations. The Parties
shall make their best endeavors to obtain the approval of such application; and 

  
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	 	b)	This Agreement shall continue to be implemented in accordance with the original terms if the economic interests of any Party under this Agreement are seriously and adversely affected, directly or indirectly, by the
change or new regulations mentioned above. The Parties shall take all legal measures to obtain exemption from complying with the change or the new regulations. If the adverse effect on the economic interests of any Party cannot be resolved in
accordance with the provisions of this Agreement, upon notifying the other Party by the affect Party, all Parties shall negotiate in a timely manner and make all necessary changes to this Agreement in order to maintain the economic interests of the
affected Party under this Agreement. 

  

	8.2	The execution, validity, interpretation, performance, revision and termination of this Agreement and dispute settlement in respect hereof shall be governed by the PRC Law. 

 

	8.3	Any dispute, controversy or claim arising from, or in connection with, this Agreement or the performance, interpretation, breach, termination or validity of this Agreement shall be settled through friendly negotiation.
Such negotiation shall start immediately after one Party to the dispute has delivered to other Parties a written notice specifying the dispute or claims to request for negotiation. 

 

	8.4	If such dispute fails to be settled within thirty (30) days of the delivery of the above said notice, either Party shall have the right to submit such dispute to arbitration. The Parties agree to submit such
dispute to China International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules then in effect. The place of the arbitration shall be in Shanghai. The arbitral award shall be final and legally
binding on the Parties. The arbitration commission shall have the right, in respect of Party B, Party C and Party C’s affiliated enterprises’ equity interests, organizer’s interest, property interests or other assets, to award
indemnification or compensate Party A against the losses suffered by Party A due to the breach by Party B and Party C or issue relevant injunction (for the purpose of operation of business or compulsory transfer of assets), or to award to dissolve
and liquidate Party C and Party C’s affiliated enterprises. After the arbitral award becomes effective, any Party shall have the right to apply to the competent court for the enforcement of the arbitral award. 

  
 13 

	8.5	During the period of arbitration, except for the disputed matters submitted for arbitration, the Parties hereto shall continue to perform their other respective obligations hereunder. 

 

	9.	Change in Circumstances 

  

	9.1	If any promulgation of or any amendment to any PRC laws, regulations or rules, or any change of the interpretation or application of such laws, regulations and rules, or any change of relevant registration procedures at
any time makes Party A believe that the maintenance of the validity and performance of this Agreement becomes illegal or violates such laws, regulations or rules, Party C and Party C’s affiliated enterprises shall, as instructed by Party A
in writing and as requested by Party A, immediately take any action and/or execute any agreement or other documents in order to: 

  

	 	(a)	maintain the validity of this Agreement; and/or 

  

	 	(b)	achieve the purpose of this Agreement in the manner as provided for in this Agreement or in another manner. 

  

	10.	Severability 

  

	10.1	If any one or more of the provisions of this Agreement are found to be invalid, unlawful or unenforceable in any respect under any laws or regulations, the validity, legality or enforceability of the other provisions of
this Agreement shall not be affected or impaired thereby. The Parties shall engage in good faith negotiation and replace such invalid, unlawful or unenforceable provisions with effective terms by way of modification or otherwise to the maximum
extent as permitted by law and expected by the Parties, and the economic effects of such effective terms shall be as similar as possible to those of the invalid, unlawful or unenforceable terms. 

 

	11.	Term 

  

	11.1	This Agreement shall come into force as of the date of execution or affixing seals by the Parties and shall be automatically terminated when Party A and/or the person designated by Party A has fully exercised its rights
to purchase all equity interests held by Party B in Party C in accordance with the Exclusive Call Option Agreement entered into with Party B and Party C on the date of this Agreement. Party A may unilaterally terminate this Agreement after
giving a thirty (30)-day prior notice. Unless otherwise provided by law, Party B and Party C shall have no right to unilaterally terminate or rescind this Agreement in any case. 

 

	11.2	The Parties hereto shall complete the approval and registration formalities for extending the term of operation within three (3) months prior to the expiration of their respective terms of operation so that this
Agreement can continue to be valid. 

  
 14 

	11.3	For the avoidance of doubt, as provided by the Exclusive Call Option Agreement, in the event that the PRC laws and regulations permit Party A and/or its parent and/or the Proposed Listed Company to directly or
indirectly holds all or part of the equity interests of Party C, and conduct education and training business, Party A shall issue the notice to purchase equity interests as promptly as practicable. This Agreement shall terminate after Party A and/or
the person designated by Party A has fully exercised its rights to purchase all equity interests held by Party B in Party C in accordance with the this agreement. 

 

	12.	Amendment 

  

	12.1	Upon the unanimous agreement of the Parties hereto and the approval by the shareholders (meeting) of Party A, the Parties hereto may make amendments or supplements to this Agreement and take all necessary steps and
actions at their cost to make such amendments or supplements legal and effective. 

  

	12.2	If any stock exchange or other regulatory authority proposes any amendments to this Agreement, or any change of relevant listing rules or relevant requirements is applicable to this Agreement, the Parties shall make
amendments to this Agreement accordingly. 

  

	13.	Force Majeure 

  

	13.1	If the Parties are unable to perform its obligations under this Agreement due to a force majeure event, such obligations under this Agreement shall be discharged to the extent that they are affected by the force
majeure. For the purpose of this Agreement, a force majeure event only includes natural disasters, storm, tornados and other acts of nature, strikes, lockout/shutdown or other industrial issues, wars, riots, conspiracy, hostility, terrorist
activities or acts of violence by criminal organizations, blockade, acute diseases or epidemic, earthquake or other earth crust movements, floods and other natural disasters, bomb explosion or other explosions, fire, accidents or governmental
activities which make such Parties unable to perform this Agreement. 

  

	13.2	In case of a force majeure event, the Party being affected by the force majeure event shall use its efforts to mitigate and eliminate the consequences of the force majeure event, and shall be liable for performing the
delayed and impeded obligations under this Agreement. The Parties agree to use their best efforts to continue to perform this Agreement after the force majeure event ends. 

 

	13.3	If there is a possibility that a force majeure event may occur, as a result of which the performance of this Agreement will be delayed or impeded or will be threatened to be delayed or impeded, relevant Party shall
immediately notify the other Parties in writing and provide all relevant materials. 

  
 15 

	14.	Miscellaneous 

  

	14.1	Party B, Party C and Party C’s affiliated enterprises shall not assign their respective rights and obligations under this Agreement to any third party unless Party A agrees in writing in advance. Party B,
Party C and Party C’s affiliated enterprises hereby agree that Party A may, where permitted by the PRC laws and at its own discretion, transfer its rights and obligations under this Agreement to a third party. Party A only needs to send a
written notice to Party B, Party C and Party C’s affiliated enterprises at the time of the transfer and does not need to obtain the consent of Party B, Party C and Party C’s affiliated enterprises in respect of such transfer.

  

	14.2	If, in any case, any third party other than Party B accepts the assignment of Party C’s equity interests, Party B shall be obliged to request the relevant assignee to accept the rights and obligations under the VIE
Agreements in writing and have the relevant assignee bound by such rights and obligations. 

  

	14.3	This Agreement is drawn up in Chinese in three originals. Party A, Party B and Party C shall hold one of them. They shall have the same legal effect. 

(There is no text below.) 

  
 16 

 (There is no text on this page which is the signature page 

of the Exclusive Service Agreement.) 
  

					
	Shanghai Fuxi Enterprise Management Consulting Co., Ltd.	  	
	
	[Company seal is affixed]
			
	Legal Representative or Authorized Representative:	  	 /s/ Peiqing Tian
	  	

 Peiqing Tian 
  

					
	Signature:	 	 /s/ Peiqing Tian
	 	

 Shanghai Four Seasons Education and Training Co., Ltd. 

[Company seal is affixed] 
  

					
	Legal Representative or Authorized Representative:	 	 /s/ Peiqing Tian
	 	

  
 17 

 (There is no text on this page which is the signature page 

of the Exclusive Service Agreement.) 
  

					
	Nanchang Honggutan New Area Four Seasons Training School	  	
	
	[Company seal is affixed]
			
	Legal Representative or Authorized Representative:	  	 /s/ Lu Wang
	  	

  

					
	Shanghai Jin’an Modern Art Culture Education School	  	
	
	[Company seal is affixed]
			
	Legal Representative or Authorized Representative:	  	 /s/ Peiqing Tian
	  	

  

					
	Shanghai Shane English Training School	  	
	
	[Company seal is affixed]
			
	Legal Representative or Authorized Representative:	  	 /s/ Mingzhu Yu
	  	

  

					
	 Shanghai Jin’an Saxon English Training School
	  	
	
	[Company seal is affixed]
			
	Legal Representative or Authorized Representative:	  	 /s/ Mingzhu Yu
	  	

  

					
	Taicang Yinglian Yunlin Foreign Language Training Center	  	
	
	[Company seal is affixed]
			
	Legal Representative or Authorized Representative:	  	 /s/ Wenyan Yang
	  	

  
 18 

 Schedule A 

1. Nanchang Honggutan New Area Four Seasons Training School; 

2. Shanghai Jin’an Modern Art Culture Education School; 

3. Shanghai Shane English Training School; 
 4. Shanghai
Jin’an Saxon English Training School; 
 5. Taicang Yinglian Yunlin Foreign Language Training Center. 

  
 19EX-10.7

 Exhibit 10.7 

[English Translation] 

Exclusive Call Option Agreement 
 This
Exclusive Call Option (hereinafter this “Agreement”) is amended and entered into on September 30, 2017 by and among: 
  

	1.	Shanghai Fuxi Enterprise Management Consulting Co., Ltd., a wholly foreign-owned enterprise duly established and existing under the laws of the PRC and having its uniform
social credit code 913100003216954485 and registered address at Room 213, No. 865, 867, 869 and 877, Qiujiang Road, Jing’an District, Shanghai (hereinafter “Party A”); 

 

	2.	Peiqing Tian, having his ID Card No. 310110196202283271 and residential address at Room 402, No. 17, Tianlin Shiyi Cun, Xuhui District, Shanghai (hereinafter “Party B”);

  

	3.	Shanghai Four Seasons Education and Training Co., Ltd., a limited liability company duly established and existing under the laws of the PRC and having its uniform
social credit code: 91310106088554568M and registered address at Room 215-234, Suite C, No. 865, 867, 869, 877, Qiujiang North Road, Zhabei District, Shanghai (hereinafter “Party
C”); 

 Party A, Party B and Party C are individually referred to herein as a “Party”, and collectively as the
“Parties”. 
 WHEREAS: 
  

	1.	Party B holds 100% of the equity interests of Party C. 

  

	2.	Party B intends to grant Party A or the buyer designated by Party A the irrevocable and exclusive call option to purchase its equity interests in Party C (hereinafter “Equity Interest Call
Option”), and Party A intends to accept the Equity Interest Call Option granted by Party B. 

  
 1 

 Therefore, through friendly consultations, the Parties agree as follows: 

 

	I.	Definitions and Interpretation 

 Unless otherwise stated or required, the following terms used herein
shall have the meanings set forth below: 
 “Proposed Listing Company” means Seasons Education (Cayman) INC., a limited
company incorporated under the laws of the Cayman Islands on June 9, 2014. 
 “Equity Pledge Agreement” means the Equity
Pledge Agreement entered into by and among the Parties hereto at the time of execution of this Agreement to guarantee the contractual obligations of Party C under the VIE Agreements. 

“Party C’s affiliated enterprises” shall mean schools listed under Schedule A of the Exclusive Service Agreement and schools to be
established or controlled. 
 “Control” shall mean the right to directly or indirectly decide or urge others or other subjects to decide
someone’s or a certain subject’s operating management and business policy through shares or equities of voting rights, contracts or other means. 

“VIE Agreements” mean collectively the Exclusive Service Agreement, the Exclusive Call Option Agreement, the Shareholder Voting Rights
Proxy Agreement and the Equity Pledge Agreement entered into by and among all or part of the Parties hereto at the time of execution of this Agreement, including any supplements or amendments thereto, and any other agreements, contracts or legal
documents executed or issued by one or more Parties and/or Party C’s affiliated enterprises from time to time to ensure the performance of the aforesaid agreements and signed or ratified by Party A in writing. 

“Exclusive Service Agreement” shall mean the Exclusive Service Agreement amended and entered into by and among the Parties hereto and other
related parties on September 30, 2017, pursuant to which Party A shall provide relevant exclusive technological service, management consulting and other services to Party C and Party C’s affiliated enterprises. 

“Equity Pledge Agreement” shall mean the Equity Pledge Agreement amended and entered into by and among the Parties hereto on September 30,
2017, pursuant to which Party B will pledge all equity interests held by it in Party C (i.e. Party C’s Equity Interests) to Party A as the pledged collateral for the contractual obligations and secured debts under the VIE Agreements. 

“PRC” means the People’s Republic of China (for the purposes of this Agreement, excluding Hong Kong Special Administrative Region, Macao
Special Administrative Region and Taiwan). 
 “Assets” means all tangible and intangible assets of Party C and Party C’s affiliated
enterprises, including but not limited to fixed and liquid assets, capital interests in external investments, intellectual property rights, prospect interests under all contracts entered into and any other interests that should be obtained by Party
C and Party C’s affiliated enterprises. 

  
 2 

	II.	Sale and Purchase of Equity Interests 

  

	1.	Grant of Options 

 Party B hereby irrevocably grants Party A or the buyer designated by Party A
(hereinafter “Equity Interest Buyer”) an irrevocable and exclusive option, during the effective period of this Agreement, to purchase from Party B all or part of the equity interests in Party C held by it from time to
time in one time or multiple times at any time designated by the Equity Interest Buyer at the price referred to in paragraph 3 of Article II of this Agreement (hereinafter “Exercise Price”) and in line with the exercise steps
at the election of Party A (hereinafter “Equity Interest Call Option”), to the extent permitted by the PRC Laws (including any laws, regulations, rules, notices, interpretations or other binding documents
promulgated by any central or local legislative, administrative or judicial department before or after the execution of this Agreement, hereinafter “PRC Laws”). Other than the Equity Interest Buyer, no third party may have
the Equity Interest Call Option. Party C hereby agrees Party B to grant the Equity Interest Call Option to Party A. When the Equity Interest Buyer exercises the Equity Interest Call Option granted by Party B hereunder, the non-transferring party within Party B shall waive its right of first refusal with respect to the transfer of Party C’s equity interests under the PRC Laws, and irrevocably agree to the transferor to transfer
its equity interests in Party C to the Equity Interest Buyer. The “Person” provided in this paragraph and this Agreement means an individual, corporation, joint venture, partnership, enterprise, trust or non-corporate organization. 
  

	2.	Exercise Steps 

 To the extent that the PRC Laws permit the Equity Interest Buyer to hold the equity
interests of Party C, Party A may, during the effective period of this Agreement, send Party B a written notice (hereinafter “Equity Interest Call Option Notice”) indicating: (a) Party A’s
decision on exercise of the Equity Interest Call Option; (b) the portion of equity interests to be purchased by Party A and/or its designee from Party B (hereinafter “Optioned Equity Interests”); and (c) the
date for purchasing the Optioned Equity Interests. Within sixty (60) days of receipt of the Equity Interest Call Notice, Party B or Party C shall transfer all of the Optioned Equity Interests to the Equity Interest Buyer pursuant to such notice
in the manner referred to in paragraph 4 of Article II of this Agreement. 

  
 3 

 At each exercise of the Equity Interest Call Option, the Equity Interest Buyer may decide at its own will the
percentages of the Optioned Equity Interests that it intends to purchase. 
  

	3.	Exercise Price and Payment 

 When the Equity Interest Buyer decides to exercise its Equity Interest Call
Option pursuant to this Agreement, the exercise price shall be the nominal price, provided that it is the minimum price to the satisfaction of the price requirement otherwise provided by the relevant governmental authority or the PRC Laws.
Nevertheless, subject to the provisions and requirements of then PRC Laws, all of the payment of the price made by the Equity Interest Buyer to Party B or Party C shall be returned to Party A or a third party designated by it. After necessary tax
deduction and withholding is made for the payment from the transfer of the equity interests (hereinafter “Transfer Payment”), Party A shall duly transfer the Transfer Payment to the account designated by Party B or Party C
within seven (7) days after the Optioned Equity Interests are duly transferred to Party A, and Party B or Party C shall return such Transfer Payment to the account designated by Party A within three (3) working days of receipt of the
aforesaid Transfer Payment. 
  

	4.	Transfer Optioned Equity Interests 

 At each exercise of the Equity Interest Call Option by Party A, 

(1) Party B shall cause Party C to timely hold a shareholders meeting, at which a resolution shall be made to approve Party B to transfer the
Optioned Equity Interests to Party A and/or the third party designated by it; 
 (2) Party B shall enter into an equity interests transfer
contract for each transfer with Party A and/or (if applicable) the third party designated by it pursuant to this Agreement and the Equity Interest Call Notice; and 

(3) The relevant Parties shall execute all other necessary contracts, agreements or documents (including but not limited to the amendments to
the articles of association), obtain all necessary internal approvals, authorities, governmental approvals, licenses, consents and permits (including but not limited to the business licenses), and take all necessary actions, to transfer the valid
title of the Optioned Equity Interests to Party A and/or the designee and cause Party A and/or the designee to become the registered owner of the Optioned Equity Interests, free from any Security Interest. For the purposes of this paragraph and this
Agreement, the “Security Interest” includes mortgage, pledge and any security over third party rights or interests, including any equity interest call option, acquisition right, right of first refusal, set-off right, ownership retention or other security arrangements; for the avoidance of doubt, it does not include any Security Interest incurred under this Agreement and the Equity Interests Pledge Agreement. 

  
 4 

	III.	Undertakings 

  

	1.	Undertakings of Party C 

 Party B (as the shareholder of Party C, shall cause Party C to) and Party C
hereby jointly and severally undertake that: 
  

	 	(1)	without the prior written consent of Party A, they will not supplement, alter or amend the articles of association and regulations of Party C in any form, increase or decrease its registered capital, change its
registered capital structure in any other manner, or take any action of dividing or dissolving Party C’s company or changing its form; 

  

	 	(2)	with good financial and commercial standards and practice, they will maintain the existence of Party C, prudently and effectively operate its business and handle its affairs, and procure Party C to perform its
obligations under the Exclusive Service Agreement; 

  

	 	(3)	they will conduct all of Party C’s business in the normal course of business to maintain Party C’s asset value, and will not engage in any act/omission that may have adverse effect on the state of operation
and asset value of Party C; and the board or executive director of Party A will have the right to supervise Party C’s assets and assess whether it has the right to control Party C’s assets. If the board or executive director of Party A
determines that Party C’s operational activity affects the value of its assets or the board’s or the executive director’s control of Party C’s assets, Party A shall engage a legal counsel or other professionals to deal with such
issue; 

  
 5 

	 	(4)	without the prior written consent of Party A, they shall not cause or permit Party C to enter into merger, partnership, joint venture or alliance with or acquire or invest in any third party; 

 

	 	(5)	they shall immediately notify Party A of any ongoing or potential lawsuit, arbitration or administrative procedures relating to Party C’s assets, business or revenues, and take all necessary measures reasonably
requested by Party A; 

  

	 	(6)	they shall execute all documents, take all actions and file all complaints or defend all claims necessary or appropriate to maintain Party C’s ownership of all of its assets; 

 

	 	(7)	if the failure by any of Party C’s shareholders or Party C to perform its tax obligations under any applicable laws prevents Party A from exercising its Equity Interest Call Option, Party A shall be entitled to
request Party C or its shareholder to perform its tax obligations, or request Party C or its shareholder to pay such tax amount to Party A who will make the payment on its behalf; and 

 

	 	(8)	The training institutions and schools established or controlled by Party C as of the execution date of this Agreement and other training institutions and schools to be established or controlled by Party B or Party C
shall also be subject to this Agreement. 

  

	2.	Undertakings of Party C’s Shareholders 

 Party B hereby irrevocably undertakes that: 

 

	 	(1)	without the prior written consent of Party A, Party B shall not sell, transfer, mortgage, encumber with any Security Interest, or otherwise dispose of any legal or beneficial interests in its equity interests in Party
C, except for the pledge created on Party C’s equity interests pursuant to the Equity Interests Pledge Agreement; 

  

	 	(2)	Party B shall not engage in any business or any other action which will have adverse impact on Party C’s reputation; 

  
 6 

	 	(3)	Party B shall take all measures to ensure the legality, validity and timely renewal of all of Party C’s licenses; 

  

	 	(4)	Party B shall not execute any documents or make any relevant undertakings which are in conflict with any agreements and other legal documents that are executed and being performed by Party C. In case of any such
conflict of interest, Party B shall timely take measures to eliminate it as soon as possible with the consent of Party A. If Party B refuses to take measures to eliminate the conflict of interest, Party A is entitled to exercise its Equity Interest
Call Option hereunder; 

  

	 	(5)	Party B shall not require Party C to grant bonus or conduct other profit distribution with respect to Party B’s equity interests in Party C, or propose or vote for any items relating thereto for resolution at the
shareholders meeting. In any case, if Party B receives any of Party C’s gains, profit distribution or bonus, to the extent permitted by the PRC Laws, Party B shall waive the receipt thereof, and immediately pay or transfer such gains, profit
distribution or bonus to Party A or a party designated by it for the benefit of Party C as the service fee that Party C shall pay Party A under the Exclusive Service Agreement; 

 

	 	(6)	Party B shall cause the shareholders meeting and/or board or executive directors of Party C not to approve the sale, transfer, mortgage, encumbrance with any Security Interest over or otherwise disposal of any legal or
beneficial interests in its equity interests in Party C, without the prior written consent of Party A, except for the pledge created on Party C’s equity interests pursuant to the Equity Interests Pledge Agreement; 

 

	 	(7)	Party B shall cause the shareholders meeting and/or board or executive directors of Party C not to approve Party C’s acquisition, partnership, joint venture or alliance with any third party, acquisition or
investment in any third party, division, amendment to its articles of association, change to its registered capital or company form, without the prior written consent of Party A; 

  
 7 

	 	(8)	Party B shall immediately notify Party A of any ongoing or potential lawsuit, arbitration or administrative procedures relating to its equity interests in Party C, and take all necessary measures reasonably requested by
Party A; 

  

	 	(9)	Party B shall cause the shareholders meeting and/or board or the executive directors of Party C’s to vote for the transfer of the Optioned Equity Interests provided herein and take any and all other actions that
Party A may request; 

  

	 	(10)	upon requested by Party A from time to time, Party B shall immediately and unconditionally transfer its equity interests in Party C to Party A or its designee pursuant to the Equity Interest Call Option hereunder, and
Party B hereby waives its right of first refusal with respect to the transfer of equity interests by other shareholders of Party C (if any); 

  

	 	(11)	Party B shall strictly comply with the provisions of this Agreement and other contracts jointly and severally executed by Party B, Party C and Party A, including but not limited to the Equity Pledge Agreement and the
Exclusive Service Agreement, perform its obligations under this Agreement and such other contracts, and shall not engage in any act/omission that may affect the validity and enforceability thereof. If Party B has any remaining right to the equity
interests under this Agreement or the Equity Pledge Agreement or the power of power granted in favor or Party, it shall not exercise such right unless instructed by Party A in writing; 

 

	 	(12)	If Party A (or its designee) has paid Party B the purchase price of the equity interests but the relevant industrial and commercial changes have not been completed prior to dissolution of Party C, upon or after the
dissolution of Party C, Party B shall timely and gratuitously deliver to Party A (or its designee) all of the proceeds of the remaining property distribution it receives by the reason of holding Party C’s equity interests. In this case, Party B
shall not make any claim for the proceeds of the remaining property distribution, except for the exercise as instructed by Party A; 

  

	 	(13)	it agrees to gratuitously return to Party A the price it charges Party A for transfer of the Optioned Equity Interests, subject to the provisions and requirements of then PRC Laws; and 

 

	 	(14)	it shall ensure that Party C will be validly existing, not be terminated, liquidated or dissolved. 

  
 8 

	VI.	Representations and Warranties of Party C and its Shareholder 

 Each of Party C and its shareholder Party
B hereby jointly and severally represents and warrants to Party A on the date of this Agreement and each date of transfer of the Optioned Equity Interests that: 
  

	 	(1)	it has the power and capacity to execute and deliver this Agreement and any equity interest transfer contract to which it is a party and relating to the Optioned Equity Interests to be transferred (hereinafter
“Transfer Contract”), and perform its obligations under this Agreement and any Transfer Contract. Each of Party C and Party B agrees that it will execute a transfer contract consistent with the terms of this Agreement when
Party A exercises its Equity Interest Call Option. This Agreement and any Transfer Contract to which it is a party constitute or will constitute its legal, valid and binding obligations and are enforceable again it pursuant to the terms thereof;

  

	 	(2)	neither the execution and delivery nor the performance of the obligations under this Agreement or any Transfer Contract may or will result in: (i) violation of any applicable PRC Laws; (ii) contravention of
Party C’s articles of association, regulations or other constitutional documents; (iii) violation of or default of any contract or instrument to which it is a party or by which it is bound; (iv) violation of any condition of granting
any party any license or permit and/or the continued validity thereof; or (v) suspension, revocation of or attachment with additional conditions to any license or permit granted to any Party; 

 

	 	(3)	Party B has strictly complied with the obligations provided in the articles of association of Party C, and there is no circumstance which may affect its legal status as Party C’s shareholder or which may affect
Party A’s exercise of its Equity Interest Call Option hereunder; 

  

	 	(4)	Party C and its shareholder Party B jointly and severally warrant that the transfer of the target equity interests to Party A or a third party designated by Party A pursuant to this Agreement does not violate the PRC
Laws and regulations or other relevant provisions, permits or approvals of governmental authorities, or result in the permits or approvals granted by governmental authorities to Party C or Party D being suspended, revoked or attached with additional
conditions, or violate the articles of association of Party C or any agreement executed by either of them with any third party; 

  
 9 

	 	(5)	Party B lawfully holds Party C’s equity interests; there is and will not be any mortgage, pledge, security, lien and other encumbrance on the target equity interests except for the equity interests pledge granted
to Party A pursuant to the call option agreed herein and the Equity Pledge Agreement entered into by the Parties hereto; there is no other form of right restrictions; pursuant to this Agreement, Party A or a third party designated by Party A, upon
exercise, can obtain the good title to the target equity interests free from any mortgage, pledge, security, lien and other encumbrance or any other form of right restrictions; 

 

	 	(6)	they have disclosed to Party A all conditions that may have material adverse effects on the performance of this Agreement; 

  

	 	(7)	Party C does not have any outstanding debts, except for (i) the debts incurred in the normal course of business; and (ii) the debts that have been disclosed to and consented in writing by Party A;

  

	 	(8)	there is no ongoing, pending or potential litigation, arbitration or other administrative proceedings relating to the equity interests of Party C held by Party B or assets of Party C or otherwise; 

 

	 	(9)	when Party B is dead, incapacitated, divorced or in any other situation which may affect its exercise of holding Party C’s equity interests, its successor, guardian, spouse or any other Person who may therefore
obtain the equity interests or the relevant rights or then shareholder or assignee of Party C’s equity interests shall be deemed as a party to this Agreement, shall not affect or prevent the performance of this Agreement, and shall inherit and
assume all of Party C’s rights and obligations hereunder; 

  

	 	(10)	Party C’s equity interests held by Party B are not the common property of Party B and its spouse, Party B’s spouse does not have nor control Party C’s equity interests; Party B’s operating management
of Party C and other voting matters shall not be influenced by its spouse; and 

  

	 	(11)	each of Party B and Party C warrants to Party A that it will not engage in any act or omission that may be contrary to the purpose and intention of the entry into of the VIE Agreements, which will result in or may
result in any conflict of interests between Party A and Party B and Party C or their respective subordinate legal entities. If Party B and Party C have conflicts with Party A in the performance of the VIE Agreements, Party B and Party C will
safeguard Party A’s legal interests under the VIE Agreements and comply with the instructions of Party A according to law. 

  
 10 

	V.	Representations and Warranties of Party A 

 Party A represents and warrants to Party C and the Schools
that: 
  

	 	(1)	it is a wholly foreign-owned enterprise duly registered and validly existing under the PRC Laws with the independent legal person qualification; has full and independent legal status and legal capacity to execute,
deliver and perform this Agreement, and can act as an independent subject of litigation; 

  

	 	(2)	this Agreement has been duly executed by Party A, and constitutes legal, valid and binding obligations on Party A; 

  

	 	(3)	it has full internal power and authority to execute and deliver this Agreement and all the other documents relating to the transaction referred to herein, and has full power and authority to consummate the transaction
referred to herein; 

  

	 	(4)	there is no outstanding or (to its knowledge) threatening lawsuit, legal proceedings or claims against it or its assets before any court or tribunal or any governmental authority or administrative organ, which has
adverse effects on its economic situation or its ability to perform the obligations hereunder; and 

  

	 	(5)	its execution and performance of this Agreement will not violate any applicable laws, regulations or provisions currently in force, court judgements or arbitral awards, decisions, approvals or permits of any
administrative authority, or any other agreements to which it is a party or by which its assets are bound, nor result in any suspension, revocation, confiscation, or non-renewal upon expiration of any
applicable approvals or permits of any governmental authority. 

  
 11 

	VI.	Liabilities for Damage and Remedies 

  

	1.	Enforcement 

 The Parties agree with consensus that Party A shall have the right to submit the breach of
contract by Party B and Party C to an arbitral institution for arbitration and request for enforcement. Each of Party B and Party C recognizes and agrees that breach of this Agreement will cause irreparable damages to Party A, and monetary
compensations will not be sufficient to compensate Party A’s losses. 
  

	2.	Remedies 

 Except as otherwise provided herein, if a party (hereinafter the “Default
Party”) fails to perform an obligation hereunder or violates this Agreement in other manner, the other parties (hereinafter the “Damaged Parties”) may (a) send a written notice to the Default Party indicating
the nature and scope of the default and requesting the Default Party to cure it at its own cost within the reasonable period provided in the notice (hereinafter “Cure Period”); if the Default Party fails to cure it during the
Cure Period, the Damaged Parties shall have the right to request the Default Party to assume all liabilities caused by its default and compensate the Damaged Parties for all actual economic losses caused to the Damaged Parties by its default,
including but not limited to legal fees, costs or arbitration fees of any litigation or arbitral proceedings relating to such default, and furthermore, the Damaged Parties shall also have the right to request the Default Party to enforce this
Agreement and request the relevant arbitral institution or court to rule specific performance and/or enforcement of the terms agreed herein; (b) terminate this Agreement, and request the Default Party to assume all liabilities caused by its
default, and provide all liquidated damages; or (c) discount, auction or sell off the pledged equity interests as agreed in the Equity Pledge Agreement, and be first compensated with the proceeds from the discounting, auctioning or selling off,
and request the Default Party to assume all losses caused thereby. The exercise of the aforesaid remedial rights by the Damaged Parties shall not prevent them from exercise of other remedial rights pursuant to the provisions of this Agreement and
the laws. 

  
 12 

 Each of the Parties agrees and acknowledges that except as compulsorily provided by the PRC Laws, if Party C or
Party B is a Default Party, the Damaged Parties will have the right to immediately terminates this Agreement and request the Default Party to provide the liquidated damages. If Party A is the Default Party, the Damaged Parties shall waive Party
A’s obligation of liquidated damages, and unless otherwise provided, the Damaged Party shall not in any event have any right to terminate or cancel this Agreement. 

No waiver by Party A of Party B’s and Party C’s breach of contract shall be effective unless made in writing. Any failure or delay by Party A to
exercise any of its right or remedy hereunder shall not constitute a waiver thereof by Party A; partial exercise of the rights or remedies shall also not preclude any further exercise of other rights or remedies. 

 

	VII.	Effectiveness and Term 

  

	1.	This Agreement shall take effect from the date of official signing or sealing by the Parties. 

  

	2.	This Agreement shall remain effective during the term of operation of Party C and the renewable term provided by the PRC Laws, and shall terminate automatically after Party A and/or the third party designated by it
fully exercises its right to purchase all of Party B’s equity interests in Party C (subject to the date of completion of the change registration). Party A may unilaterally terminate this Agreement upon a thirty (30) day notice.

  

	3.	For the avoidance of doubt, in accordance with this Agreement, if the PRC laws and regulations permit Party A and/or its parent and/or the Proposed Listed Company to directly or indirectly hold all or part of the equity
interests of Party C and conduct education and training business, Party A shall send the Equity Interest Call Option Notice as promptly as practicable. This Agreement shall terminate automatically after Party A and/or the Person designated by it
fully exercises its right to purchase all equity interests held by Party B in Party C in accordance with this Agreement. 

  
 13 

	VIII.	Confidentiality 

  

	1.	The Parties acknowledge and confirm that any oral or written information exchanged among them in respect of this Agreement shall be confidential. Each of the Parties shall keep all of such information confidential and
shall not disclose any relevant information to any third party without written consents of the other Parties, except for: 

  

	 	(1)	the information that is known or will be known by the public (not through the disclosure by any of the receiving Parties of such information); 

 

	 	(2)	the information that is required to be disclosed by applicable laws or regulations or rules or regulations of any stock exchange or requirements of any regulatory authority; or 

 

	 	(3)	the information that is required to be disclosed by any Party to its legal counsel or financial advisor in respect of the transaction referred to herein, and such legal counsel or financial advisor shall also comply
with the confidential liabilities similar to this clause. 

  

	2.	Any disclosure of confidential information by any of the staff members or agencies engaged by any Party shall be deemed as disclosure of confidential information by such Party, and such Party shall assume liabilities
for breach of contract. 

  

	3.	The Parties agree that this clause shall survive the invalidity, change, termination or inoperativeness of this Agreement. 

  

	IX.	Force Majeure 

  

	1.	If a Party is unable to perform its obligations under this Agreement due to a force majeure event, such obligations under this Agreement shall be exempted to the extent that they are affected by the force majeure. For
the purposes of this Agreement, a force majeure event only includes natural disasters, storm, tornado and other acts of nature, strikes, lockout/shutdown or other industrial issues, wars, riots, conspiracy, hostility, terrorist activities or acts of
violence by criminal organizations, blockade, severe diseases or epidemic, earthquake or other crustal movements, flood and other natural disasters, bomb explosion or other explosions, fire, accidents or governmental activities which make such Party
unable to perform this Agreement. 

  
 14 

	2.	In event of a force majeure event, the Party being affected by the force majeure event shall use its efforts to mitigate and eliminate the consequences of the force majeure event, and shall be liable for performing the
delayed and impeded obligations under this Agreement. The Parties agree to use their best efforts to continue to perform this Agreement after the end of the force majeure event. 

 

	3.	If there is a possibility that a force majeure event may occur, as a result of which the performance of this Agreement will be delayed or impeded or will be threatened to be delayed or impeded, the relevant Party shall
immediately notify the other Parties in writing and provide all relevant materials. 

  

	X.	Change in Circumstances 

  

	1.	As supplementary and subject to other provisions of the VIE Agreements, if any promulgation of or any amendment to any PRC Laws, regulations or rules, or any change of the interpretation or application of such laws,
regulations and rules, or any change of relevant registration procedures at any time makes Party A believe that the maintenance of the validity of this Agreement and/or the acceptance of Party C’s Equity Interest Call option granted by Party B
in the manner provided herein will become illegal or in contravention with such laws, regulations or rules, Party B or Party C shall, as instructed in writing and reasonably requested by Party A, immediately take any action and/or execute any
agreement or other document in order to: 

  

	 	(1)	maintain the validity of this Agreement; 

  

	 	(2)	exercise the Equity Interest Call Option in the manner provided herein; and/or 

  

	 	(3)	realize the intentions and purposes of this Agreement in the manner provided herein or otherwise. 

  
 15 

	XI.	Miscellaneous 

  

	1.	Each of Party C and its shareholder Party B agrees that Party A may transfer its rights and obligations hereunder to its designee by giving written notice to Party C and its shareholder; provided that each of Party C
and its shareholder may not transfer its rights, obligations or duties hereunder to any third party without the prior written consent of Party A. Each of the successors or permitted assignees (if any) of Party C and its shareholder shall continue to
perform all of the respective obligations of Party C and its shareholder hereunder. 

  

	2.	The execution, validity, interpretation, performance, alteration and termination of this Agreement and dispute resolution relating thereto shall be governed by the PRC Laws. 

 

	3.	Any dispute, controversy or claim arising from, or in connection with, this Agreement or the performance, interpretation, breach, termination or validity of this Agreement shall be settled through friendly
consultations. Such consultations shall start immediately after one Party to the dispute has delivered to the other Parties to the dispute a written consultation request notice stating the dispute and claims in details. 

 

	4.	If such dispute cannot be settled within thirty (30) days upon delivery of the said notice, any Party shall have the right to submit such dispute to arbitration. The Parties agree to submit such dispute to China
International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules then in effect. The place of the arbitration shall be Shanghai. The arbitral award shall be final and legally binding on the Parties.
The arbitration commission shall have the right to rule indemnifying or compensating Party A against the losses suffered by it due to the breach of contract by other Parties hereto in respect of Party C’s equity interests, or Party C’s
assets or property interests, or issue injunctive relief or order Party C to enter into bankruptcy, to enter into dissolution or liquidation in respect of relevant business or compulsory asset transfer. After the arbitral award becomes effective,
any Party has the right to apply to any competent court for enforcing the arbitral award. 

  

	5.	During the arbitration period, the Parties hereto shall continue to perform their respective other obligations hereunder. 

  
 16 

	6.	Any right, power and remedy granted to a Party under any provisions of this Agreement shall not preclude any other rights, powers or remedies of such Party provided by law and other provisions of this Agreement, and the
exercise by a Party of its rights, powers and remedies shall not preclude it from exercising its other rights, powers and remedies. 

  

	7.	Any failure or delay by a Party to exercise any of its rights, powers and remedies pursuant to this Agreement or laws shall not result in waiver thereof, and any single or partial waiver of such Party’s rights
shall not preclude such Party from exercising such rights in other way or exercising such Party’s other rights. 

  

	8.	The headings to clauses of this Agreement are inserted for index only, and in no event shall be used for, or affect, the interpretation of the provisions of this Agreement. 

 

	9.	Each provision of this Agreement is severable and independent from any other clauses and, if any one or more provision hereof becomes invalid, illegal or unenforceable at any time, the validity, legality and
enforceability of the remaining provisions of this Agreement shall not be affected thereby. 

  

	10.	Amendment to this Agreement 

  

	 	(1)	Upon the unanimous agreement of the Parties hereto and the approval by the shareholders (meeting) of Party A, the Parties hereto may make amendments or supplements to this Agreement, and take all necessary steps and
actions, at their cost, to render such amendments or supplements legal and effective; and 

  

	 	(2)	If any stock exchange or other regulatory authority proposes any amendment to this Agreement, or any change of relevant listing rules or relevant requirements is applicable to this Agreement, the Parties shall make
amendments to this Agreement accordingly. 

  

	11.	This Agreement is made in Chinese in three originals. The Parties hereto shall each hold one copy. 

(No text below) 

  
 17 

 (There is no text on this page which is the signature page of the Exclusive Call Option Agreement)

  

					
	Shanghai Fuxi Enterprise Management Consulting Co., Ltd.	 	
		
	[Company seal is affixed]	 	
			
	Legal Representative or Authorized Representative:	  	 /s/ Peiqing Tian
	 	

  

					
	Peiqing Tian	  	

  

					
	By:	 	 /s/ Peiqing Tian
	  	

					
		
	Shanghai Four Seasons Education and Training Co., Ltd.	  	
	
	[Company seal is affixed]
			
	Legal Representative or Authorized Representative:	  	 /s/ Peiqing Tian
	  	

  
 18

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