Document:

Exhibit 4.6

 

WARRANT
AGREEMENT

 

This
agreement is made as of [●], 2018 between EdtechX Holdings Acquisition Corp., a Delaware corporation, with offices
at c/o IBIS Capital Limited, 22 Soho Square, London W1D 4NS, United Kingdom (“Company”), and Continental Stock
Transfer & Trust Company, a New York corporation, with offices at 1 State Street Plaza, New York, New York 10004 (“Warrant
Agent”).

 

WHEREAS,
the Company is engaged in a public offering (“Public Offering”) of up to 6,325,000 units, each unit (“Unit”)
comprised of one share of common stock of the Company, par value $.0001 per share (“Common Stock”), and one
warrant, where each warrant entitles the holder to purchase one share of Common Stock at a price of $11.50 per share, subject
to adjustment as described herein, and, in connection therewith, will issue and deliver up to 6,325,000 warrants (the “Public
Warrants”) to the public investors in connection with the Public Offering; and

 

WHEREAS,
the Company has filed with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form
S-1, No. 333-227257 (“Registration Statement”), for the registration, under the Securities Act of 1933, as
amended (“Act”) of, among other securities, the Public Warrants; and

 

WHEREAS,
the Company has agreed to issue to Chardan Capital Markets, LLC and I-Bankers Securities, Inc. (the “Joint Book-Running
Managers”) and/or their designees unit purchase options to purchase up to 250,000 Units pursuant to which up to an aggregate
of 250,000 warrants (the “Co-Book-Running Manager Warrants”) may be issued; and

 

WHEREAS,
the Company has received binding commitments (“Subscription Agreements”) from its initial stockholders and
the Co-Book Running Managers to purchase up to an aggregate of 3,780,000 Warrants (the “Private Warrants”)
upon consummation of the Public Offering; and

 

WHEREAS,
the Company may issue up to an additional 1,500,000 Warrants (“Working Capital Warrants”) in satisfaction of
certain working capital loans made by the Company’s officers, directors, initial stockholders, and affiliates; and

 

WHEREAS,
following consummation of the Public Offering, the Company may issue additional warrants (“Post IPO Warrants”
and together with the Public Warrants, Co-Book-Running Manager Warrants, Private Warrants and Working Capital Warrants, the “Warrants”)
in connection with, or following the consummation by the Company of, a Business Combination (defined below); and

 

WHEREAS,
the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection
with the issuance, registration, transfer, exchange, redemption, and exercise of the Warrants; and

 

WHEREAS,
the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised,
and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants;
and

 

     

     

    

 

WHEREAS,
all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company
and countersigned by or on behalf of the Warrant Agent, as provided herein, the valid, binding, and legal obligations of the Company,
and to authorize the execution and delivery of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

1. Appointment
of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the
Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth
in this Agreement.

 

2. Warrants.

 

2.1. Form
of Warrant. Each Warrant shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto,
the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the
Board of Directors or Chief Executive Officer and Treasurer, Secretary or Assistant Secretary of the Company and shall bear a
facsimile of the Company’s seal. In the event the person whose facsimile signature has been placed upon any Warrant shall
have ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued with
the same effect as if he or she had not ceased to be such at the date of issuance.

 

2.2. Uncertificated
Warrants. Notwithstanding anything herein to the contrary, any Warrant, or portion thereof, may be issued as part of, and
be represented by, a Unit, and any Warrant may be issued in uncertificated or book-entry form through the Warrant Agent and/or
the facilities of The Depository Trust Company (the “Depositary”) or other book-entry depositary system, in
each case as determined by the Board of Directors of the Company or by an authorized committee thereof. Any Warrant so issued
shall have the same terms, force and effect as a certificated Warrant that has been duly countersigned by the Warrant Agent in
accordance with the terms of this Agreement.

 

2.3. Effect
of Countersignature. Except with respect to uncertificated Warrants as described above, unless and until countersigned by
the Warrant Agent pursuant to this Agreement, a Warrant shall be invalid and of no effect and may not be exercised by the holder
thereof.

 

2.4. Registration.

 

2.4.1. Warrant
Register. The Warrant Agent shall maintain books (“Warrant Register”) for the registration of original
issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants, the Warrant Agent shall
issue and register the Warrants in the names of the respective holders thereof in such denominations and otherwise in accordance
with instructions delivered to the Warrant Agent by the Company.

 

    	 	2	 

     

    

 

2.4.2. Registered
Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and
treat the person in whose name such Warrant is then registered in the Warrant Register (“registered holder”)
as the absolute owner of such Warrant and of each Warrant represented thereby (notwithstanding any notation of ownership or other
writing on the Warrant certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise
thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.

 

2.5. Detachability
of Warrants. The securities comprising the Units will not be separately transferable until the 90th day following
the date of the prospectus or, if such 90th day is not on a day, other than Saturday, Sunday or federal holiday, on
which banks in New York City are generally open for normal business (a “Business Day”), then on the immediately
succeeding Business Day following such date, or earlier with the consent of the Joint Book-Running Managers, but in no event will
the Joint Book-Running Managers allow separate trading of the securities comprising the Units until (i) the Company has filed
a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds
of the Public Offering including the proceeds received by the Company from the exercise of the underwriters’ over-allotment
option in the Public Offering, if the over-allotment option is exercised prior to the filing of the Form 8-K, and (ii) the Company
has issued a press release and has filed a Current Report on Form 8-K announcing when such separate trading shall begin (the “Detachment
Date”).

 

2.6. Private
Warrant and Working Capital Warrant Attributes. The Private Warrants and Working Capital Warrants will be issued in the same
form as the Public Warrants but they (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless
basis at the holder’s option, in either case as long as they are held by the initial purchasers or their permitted transferees
(as prescribed in Section 5.6 hereof). Once a Private Warrant or Working Capital Warrant is transferred to a holder other than
an affiliate or permitted transferee, it shall be treated as a Public Warrant hereunder for all purposes.

 

2.7. Co-Book-Running
Manager Warrants. The Co-Book-Running Manager Warrants, when issued, shall have the same terms and be in the same form as
the Public Warrants. The provisions of this Section 2.7 may not be modified, amended or deleted without the prior written consent
of the Joint Book-Running Managers.

 

2.8 Post
IPO Warrants. The Post IPO Warrants, when and if issued, shall have the same terms and be in the same form as the Public Warrants
except as may be agreed upon by the Company.

 

    	 	3	 

     

    

 

3. Terms
and Exercise of Warrants

 

3.1. Warrant
Price. Each Warrant shall, when countersigned by the Warrant Agent, entitle the registered holder thereof, subject to the
provisions of such Warrant and of this Agreement, to purchase from the Company the number of shares of Common Stock stated therein,
at the price of $11.50 per share, subject to the adjustments provided in Section 4 hereof and in the last sentence of this Section
3.1. The term “Warrant Price” as used in this Agreement refers to the price per share at which the shares of Common
Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any
time prior to the Expiration Date (as defined below) for a period of not less than ten (10) Business Days; provided, that the
Company shall provide at least ten (10) days prior written notice of such reduction to registered holders of the Warrants and,
provided further that any such reduction shall be applied consistently to all of the Warrants.

 

3.2. Duration
of Warrants. A Warrant may be exercised only during the period commencing on the later of the consummation by the Company
of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination
with one or more businesses or entities (“Business Combination”) (as described more fully in the Registration
Statement) or 12 months from the effective date of the Registration Statement, and terminating at 5:00 p.m., New York City time
on the earlier to occur of (i) five years from the consummation of a Business Combination and (ii) the Redemption Date as provided
in Section 6.2 of this Agreement (“Expiration Date”). The period of time from the date the Warrants will first
become exercisable until the expiration of the Warrants shall hereafter be referred to as the “Exercise Period.” Except
with respect to the right to receive the Redemption Price (as set forth in Section 6 hereunder), each Warrant not exercised on
or before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Agreement
shall cease at the close of business on the Expiration Date. The Company in its sole discretion may extend the duration of the
Warrants by delaying the Expiration Date; provided, however, that the Company will provide at least twenty (20) days prior written
notice of any such extension to registered holders and, provided further that any such extension shall be applied consistently
to all of the Warrants.

 

3.3. Exercise
of Warrants.

 

3.3.1. Payment.
Subject to the provisions of the Warrant and this Agreement, a Warrant, when countersigned by the Warrant Agent, may be exercised
by the registered holder thereof by surrendering it, at the office of the Warrant Agent, or at the office of its successor as
Warrant Agent, in the Borough of Manhattan, City and State of New York, with the subscription form, as set forth in the Warrant,
duly executed, and by paying in full the Warrant Price for each share of Common Stock as to which the Warrant is exercised and
any and all applicable taxes due in connection with the exercise of the Warrant, as follows:

 

(a) by
good certified check or good bank draft payable to the order of the Warrant Agent; or

 

(b) in
the event of redemption pursuant to Section 6 hereof in which the Company’s management has elected to force all holders
of Warrants to exercise such Warrants on a “cashless basis,” by surrendering the Warrants for that number of shares
of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying
the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by
(y) the Fair Market Value. Solely for purposes of this Section 3.3.1(b), the “Fair Market Value” shall mean the average
reported last sale price of the Common Stock for the five (5) trading days ending on the third trading day prior to the date on
which the notice of redemption is sent to holders of the Warrants pursuant to Section 6 hereof; or

 

    	 	4	 

     

    

 

(c) with
respect to any Private Warrants or Working Capital Warrants, so long as such Private Warrants or Working Capital Warrants are
held by the initial purchasers or their permitted transferees, by surrendering such Private Warrants or Working Capital Warrants
for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of
Common Stock underlying the Warrants, multiplied by the difference between the exercise price of the Warrants and the “Fair
Market Value” by (y) the Fair Market Value; provided, however, that no cashless exercise shall be permitted unless the Fair
Market Value is equal to or higher than the exercise price. Solely for purposes of this Section 3.3.1(c), the “Fair Market
Value” shall mean the average reported last sale price of the Common Stock for the five (5) trading days ending on the trading
day prior to the date of exercise; or

 

(d) in
the event the registration statement required by Section 7.4 hereof is not effective and current within ninety (90) days after
the closing of a Business Combination, by surrendering such Warrants for that number of shares of Common Stock equal to the quotient
obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference
between the exercise price of the Warrants and the “Fair Market Value” by (y) the Fair Market Value; provided, however,
that no cashless exercise shall be permitted unless the Fair Market Value is equal to or higher than the exercise price. Solely
for purposes of this Section 3.3.1(d), the “Fair Market Value” shall mean the average reported last sale price of
the Common Stock for the five (5) trading days ending on the trading day prior to the date of exercise.

 

3.3.2. Issuance
of Certificates. As soon as practicable after the exercise of any Warrant and the clearance of the funds in payment of the
Warrant Price (if any), the Company shall issue to the registered holder of such Warrant a certificate or certificates for the
number of shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him,
her or it, and if such Warrant shall not have been exercised in full, a new countersigned Warrant for the number of shares as
to which such Warrant shall not have been exercised. Notwithstanding the foregoing, in no event will the Company be required to
net cash settle the Warrant exercise. No Warrant shall be exercisable for cash and the Company shall not be obligated to issue
shares of Common Stock upon exercise of a Warrant unless the Common Stock issuable upon such Warrant exercise has been registered,
qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the Warrants.
In the event that the condition in the immediately preceding sentence is not satisfied with respect to a Warrant, the holder of
such Warrant shall not be entitled to exercise such Warrant for cash and such Warrant may have no value and expire worthless,
in which case the purchaser of a Unit containing such Public Warrants shall have paid the full purchase price for the Unit solely
for the shares of Common Stock underlying such Unit. Warrants may not be exercised by, or securities issued to, any registered
holder in any state in which such exercise would be unlawful.

 

    	 	5	 

     

    

 

3.3.3. Valid
Issuance. All shares of Common Stock issued upon the proper exercise of a Warrant in conformity with this Agreement shall
be validly issued, fully paid and nonassessable.

 

3.3.4. Date
of Issuance. Each person in whose name any such certificate for shares of Common Stock is issued shall for all purposes be
deemed to have become the holder of record of such shares on the date on which the Warrant was surrendered and payment of the
Warrant Price was made, irrespective of the date of delivery of such certificate, except that, if the date of such surrender and
payment is a date when the share transfer books of the Company are closed, such person shall be deemed to have become the holder
of such shares at the close of business on the next succeeding date on which the share transfer books are open.

 

3.3.5
Maximum Percentage. A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the
provisions contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5 unless
he, she or it makes such election. If the election is made by a holder, the Warrant Agent shall not effect the exercise of the
holder’s Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect
to such exercise, such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would
beneficially own in excess of 9.8% (the “Maximum Percentage”) of the shares of Common Stock outstanding immediately
after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate number of shares of Common Stock beneficially
owned by such person and its affiliates shall include the number of shares of Common Stock issuable upon exercise of the Warrant
with respect to which the determination of such sentence is being made, but shall exclude shares of Common Stock that would be
issuable upon (x) exercise of the remaining, unexercised portion of the Warrant beneficially owned by such person and its affiliates
and (y) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company beneficially owned
by such person and its affiliates (including, without limitation, any convertible notes or convertible preferred stock or warrants)
subject to a limitation on conversion or exercise analogous to the limitation contained herein. Except as set forth in the preceding
sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”). For purposes of the Warrant, in determining the number
of outstanding shares of Common Stock, the holder may rely on the number of outstanding shares of Common Stock as reflected in
(1) the Company’s most recent annual report on Form 10-K, quarterly report on Form 10-Q, current report on Form 8-K or other
public filing with the Securities and Exchange Commission as the case may be, (2) a more recent public announcement by the Company
or (3) any other notice by the Company or Continental Stock Transfer & Trust Company setting forth the number of shares of
Common Stock outstanding. For any reason at any time, upon the written request of the holder of the Warrant, the Company shall,
within two (2) Business Days, confirm orally and in writing to such holder the number of shares of Common Stock then outstanding.
In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise
of equity securities of the Company by the holder and its affiliates since the date as of which such number of outstanding shares
of Common Stock was reported. By written notice to the Company, the holder of a Warrant may from time to time increase or decrease
the Maximum Percentage applicable to such holder to any other percentage specified in such notice; provided, however, that any
such increase shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

 

    	 	6	 

     

    

 

4. Adjustments.

 

4.1. Stock
Dividends; Split Ups. If after the date hereof, the number of outstanding shares of Common Stock is increased by a stock dividend
payable in shares of Common Stock, or by a split up of shares of Common Stock, or other similar event, then, on the effective
date of such stock dividend, split up or similar event, the number of shares of Common Stock issuable on exercise of each Warrant
shall be increased in proportion to such increase in outstanding shares of Common Stock.

 

4.2. Aggregation
of Shares. If after the date hereof, the number of outstanding shares of Common Stock is decreased by a consolidation, combination,
reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such
consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of Common Stock issuable
on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

 

4.3 Extraordinary
Dividends. If the Company, at any time while the Warrants are outstanding and unexpired, shall pay a dividend or make a distribution
in cash, securities or other assets to the holders of the shares of Common Stock or other shares of the Company’s capital
stock into which the Warrants are convertible (an “Extraordinary Dividend”), then the Warrant Price shall be
decreased, effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and the fair market
value (as determined by the Company’s Board of Directors, in good faith) of any securities or other assets paid on each
share of Common Stock in respect of such Extraordinary Dividend; provided, however, that none of the following shall be deemed
an Extraordinary Dividend for purposes of this provision: (a) any adjustment described in subsection 4.1 above, (b) any cash dividends
or cash distributions which, when combined on a per share basis with all other cash dividends and cash distributions paid on the
Common Stock during the 365-day period ending on the date of declaration of such dividend or distribution does not exceed $0.50
(as adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and excluding cash
dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of shares of Common Stock
issuable on exercise of each Warrant) but only with respect to the amount of the aggregate cash dividends or cash distributions
equal to or less than $0.50, (c) any payment to satisfy the conversion rights of the holders of the shares of Common Stock in
connection with a proposed initial Business Combination or (d) any payment in connection with the Company’s liquidation
and the distribution of its assets upon its failure to consummate a Business Combination. Solely for purposes of illustration,
if the Company, at a time while the Warrants are outstanding and unexpired, pays a cash dividend of $0.35 and previously paid
an aggregate of $0.40 of cash dividends and cash distributions on the Common Stock during the 365-day period ending on the date
of declaration of such $0.35 dividend, then the Warrant Price will be decreased, effectively immediately after the effective date
of such $0.35 dividend, by $0.25 (the absolute value of the difference between $0.75 (the aggregate amount of all cash dividends
and cash distributions paid or made in such 365-day period, including such $0.35 dividend) and $0.50 (the greater of (x) $0.50
and (y) the aggregate amount of all cash dividends and cash distributions paid or made in such 365-day period prior to such $0.35
dividend)).

 

    	 	7	 

     

    

 

4.4 Adjustments
in Exercise Price.

 

4.4.1 Whenever
the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted, as provided in Sections 4.1 and
4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such
adjustment by a fraction (x) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise
of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of shares of Common
Stock so purchasable immediately thereafter.

 

4.4.2 If
(i) the Company issues additional shares of Common Stock or securities convertible into or exercisable or exchangeable for shares
of Common Stock for capital raising purposes in connection with the closing of the Business Combination at an issue price or effective
issue price of less than $9.50 per share of Common Stock, with such issue price or effective issue price to be determined in good
faith by the Company’s Board of Directors, (ii) the aggregate gross proceeds from such issuances represent more than 60%
of the total equity proceeds, and interest thereon, available for funding the initial Business Combination, and (iii) the volume
weighted average trading price of the Common Stock during the 20 trading day period starting on the trading day prior to the day
on which the Company consummates the Business Combination (the “ Market Value”) is below $9.50 per share, the
Warrant Price shall be adjusted (to the nearest cent) to be equal to 115% of the Market Value, and the last sales price of the
Common Stock that triggers the Company’s right to redeem the Warrants pursuant to Section 6.1 below shall be adjusted (to
the nearest cent) to be equal to 165% of the Market Value. Notwithstanding anything to the contrary contained herein, the Warrant
Price of the Private Warrants initially issued to the Joint Book-Running Managers or their designees shall not be adjusted as
set forth in this Section 4.4.2.

 

4.5. Replacement
of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding shares of Common
Stock (other than a change covered by Section 4.1, 4.2 or 4.3 hereof or that solely affects the par value of the Common Stock),
or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger
in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding
Common Stock), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the
Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Warrant holders
shall thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants
and in lieu of the shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise
of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable
upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer,
that the Warrant holder would have received if such Warrant holder had exercised his, her or its Warrant(s) immediately prior
to such event; and if any reclassification also results in a change in the Common Stock covered by Section 4.1, 4.2 or 4.3, then
such adjustment shall be made pursuant to Sections 4.1, 4.2, 4.3, 4.4 and this Section 4.5. The provisions of this Section 4.5
shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers.

 

    	 	8	 

     

    

 

4.6. Notices
of Changes in Warrant. Upon every adjustment of the Warrant Price or the number of shares issuable upon exercise of a Warrant,
the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from
such adjustment and the increase or decrease, if any, in the number of shares purchasable at such price upon the exercise of a
Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon
the occurrence of any event specified in Sections 4.1, 4.2, 4.3, 4.4 or 4.5, then, in any such event, the Company shall give written
notice to each Warrant holder, at the last address set forth for such holder in the Warrant Register, of the record date or the
effective date of the event. Failure to give such notice, or any defect therein, shall not affect the legality or validity of
such event.

 

4.7. No
Fractional Warrants or Shares. No fractional Warrants will be issued hereunder. Additionally, notwithstanding any provision
contained in this Agreement to the contrary, the Company shall not issue fractional shares upon exercise of Warrants. If, by reason
of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant,
to receive a fractional interest in a share, the Company shall, upon such exercise, round up to the nearest whole number of shares
of Common Stock to be issued to the Warrant holder.

 

4.8. Form
of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and Warrants issued
after such adjustment may state the same Warrant Price and the same number of shares as is stated in the Warrants initially issued
pursuant to this Agreement. However, the Company may at any time in its sole discretion make any change in the form of Warrant
that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned,
whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed.

 

4.9
 Other Events. In case any event shall occur affecting the Company as to which
none of the provisions of preceding subsections of this Section 4 are strictly applicable, but which would require an adjustment
to the terms of the Warrants in order to (i) avoid an adverse impact on the Warrants and (ii) effectuate the intent and purpose
of this Section 4, then, in each such case, the Company shall appoint a firm of independent public accountants, investment banking
or other appraisal firm of recognized national standing, which shall give its opinion as to whether or not any adjustment to the
rights represented by the Warrants is necessary to effectuate the intent and purpose of this Section 4 and, if they determine
that an adjustment is necessary, the terms of such adjustment. The Company shall adjust the terms of the Warrants in a manner
that is consistent with any adjustment recommended in such opinion.

 

    	 	9	 

     

    

 

5. Transfer
and Exchange of Warrants.

 

5.1. Registration
of Transfer. The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the Warrant
Register, upon surrender of such Warrant for transfer, properly endorsed with signatures properly guaranteed and accompanied by
appropriate instructions for transfer. Upon any such transfer, a new Warrant representing an equal aggregate number of Warrants
shall be issued and the old Warrant shall be cancelled by the Warrant Agent. The Warrants so cancelled shall be delivered by the
Warrant Agent to the Company from time to time upon request.

 

5.2. Procedure
for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, together with a written request for exchange
or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the registered
holder of the Warrants so surrendered, representing an equal aggregate number of Warrants; provided, however, that in the event
that a Warrant surrendered for transfer bears a restrictive legend, the Warrant Agent shall not cancel such Warrant and issue
new Warrants in exchange therefor until the Warrant Agent has received an opinion of counsel for the Company stating that such
transfer may be made and indicating whether the new Warrants must also bear a restrictive legend.

 

5.3. Fractional
Warrants. The Warrant Agent shall not be required to effect any registration of transfer or exchange which will result in
the issuance of a warrant certificate for a fraction of a warrant.

 

5.4. Service
Charges. No service charge shall be made for any exchange or registration of transfer of Warrants.

 

5.5. Warrant
Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the
terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever
required by the Warrant Agent, will supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose.

 

5.6. Private
Warrants. The Warrant Agent shall not register any transfer of Private Warrants or Working Capital Warrants until after the
consummation by the Company of an initial Business Combination, except for transfers (i) among the initial stockholders or to
the initial stockholders’, the Company’s or the Joint Book-Running Managers’ officers, directors, consultants
or their affiliates, (ii) to a holder’s stockholders or members upon the holder’s liquidation, in each case if the
holder is an entity, (iii) by bona fide gift to a member of the holder’s immediate family or to a trust, the beneficiary
of which is the holder or a member of the holder’s immediate family, in each case for estate planning purposes, (iv) by
virtue of the laws of descent and distribution upon death, (v) pursuant to a qualified domestic relations order, (vi) to the Company
for no value for cancellation in connection with the consummation of a Business Combination or (vii) in connection with the consummation
of a Business Combination by private sales at prices no greater than the price at which the Private Warrants were originally purchased,
in each case (except for clause (vi) or with the Company’s and the Joint Book-Running Managers’ prior written consent)
on the condition that prior to such registration for transfer, the Warrant Agent shall be presented with written documentation
pursuant to which each transferee or the trustee or legal guardian for such transferee agrees to be bound by the terms of the
Subscription Agreement and any other applicable agreement the transferor is bound by.

 

    	 	10	 

     

    

 

5.7. Transfers
prior to Detachment. Prior to the Detachment Date, the Public Warrants may be transferred or exchanged only together with
the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange
of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants
included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.7 shall have no effect on any transfer
of Warrants on or after the Detachment Date.

 

6. Redemption.

 

6.1. Redemption.
Subject to Section 6.4 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at
any time during the Exercise Period (so long as there is a current registration statement in effect with respect to the shares
of Common Stock underlying the Warrants), at the office of the Warrant Agent, upon the notice referred to in Section 6.2, at the
price of $0.01 per Warrant (“Redemption Price”), provided that the last sales price of the Common Stock equals
or exceeds $16.50 per share (subject to adjustment in accordance with Section 4 hereof), on each of twenty (20) trading days within
any thirty (30) trading day period ending on the third business day prior to the date on which notice of redemption is given.

 

6.2. Date
Fixed for, and Notice of, Redemption. In the event the Company shall elect to redeem all of the Warrants that are subject
to redemption, the Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption
shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date
to the registered holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books.
Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the registered
holder received such notice.

 

6.3. Exercise
After Notice of Redemption. The Public Warrants may be exercised, for cash (or on a “cashless basis” in accordance
with Section 3 of this Agreement) at any time after notice of redemption shall have been given by the Company pursuant to Section
6.2 hereof and prior to the Redemption Date. In the event the Company determines to require all holders of Public Warrants to
exercise their Warrants on a “cashless basis” pursuant to Section 3.3.1(b), the notice of redemption will contain
the information necessary to calculate the number of shares of Common Stock to be received upon exercise of the Warrants, including
the “Fair Market Value” in such case. On and after the Redemption Date, the record holder of the Warrants shall have
no further rights except to receive, upon surrender of the Warrants, the Redemption Price.

 

    	 	11	 

     

    

 

6.4 Exclusion
of Certain Warrants. The Company understands that the redemption rights provided for by this Section 6 apply only to outstanding
Warrants. To the extent a person holds rights to purchase Warrants, such purchase rights shall not be extinguished by redemption.
However, once such purchase rights are exercised, the Company may redeem the Warrants issued upon such exercise provided that
the criteria for redemption is met. Additionally, the Company agrees that the redemption rights provided in this Section 6 shall
not apply to (i) the Private Warrants and Working Capital Warrants if at the time of the redemption such Private Warrants or Working
Capital Warrants continue to be held by the initial purchasers or their permitted transferees or (ii) Post IPO Warrants if such
warrants provide that they are non-redeemable by the Company. However, with respect to the Private Warrants or Working Capital
Warrants, once such Private Warrants or Working Capital Warrants are transferred (other than to permitted transferees under Section
5.6), the Company may redeem the Private Warrants and Working Capital Warrants in the same manner as the Public Warrants. The
provisions of this Section 6.4 may not be modified, amended or deleted without the prior written consent of the Joint Book-Running
Managers.

 

7. Other
Provisions Relating to Rights of Holders of Warrants.

 

7.1. No
Rights as Stockholder. A Warrant does not entitle the registered holder thereof to any of the rights of a stockholder of the
Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights
to vote or to consent or to receive notice as stockholders in respect of the meetings of stockholders or the election of directors
of the Company or any other matter.

 

7.2. Lost,
Stolen, Mutilated, or Destroyed Warrants. If any Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant
Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated
Warrant, include the surrender thereof), issue a new Warrant of like denomination, tenor, and date as the Warrant so lost, stolen,
mutilated, or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or
not the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any time enforceable by anyone.

 

7.3. Reservation
of Shares of Common Stock. The Company shall at all times reserve and keep available a number of its authorized but unissued
shares of Common Stock that will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this
Agreement.

 

7.4. Registration
of Shares of Common Stock. The Company agrees that as soon as practicable after the closing of its initial Business Combination,
it shall use its best efforts to file with the Securities and Exchange Commission a registration statement for the registration,
under the Act, of the shares of Common Stock issuable upon exercise of the Warrants, and it shall use its best efforts to take
such action as is necessary to register or qualify for sale, in those states in which the Warrants were initially offered by the
Company and in those states where holders of Warrants then reside, the shares of Common Stock issuable upon exercise of the Warrants,
to the extent an exemption is not available. The Company will use its best efforts to cause the same to become effective and to
maintain the effectiveness of such registration statement until the expiration of the Warrants in accordance with the provisions
of this Agreement. If any such registration statement has not been declared effective by the 90th day following the closing of
the Business Combination, holders of the Warrants shall have the right, during the period beginning on the 91st day after the
closing of the Business Combination and ending upon such registration statement being declared effective by the Securities and
Exchange Commission, and during any other period when the Company shall fail to have maintained an effective registration statement
covering the shares of Common Stock issuable upon exercise of the Warrants, to exercise such Warrants on a “cashless basis”
as determined in accordance with Section 3.3.1(d). The Company shall provide the Warrant Agent with an opinion of counsel for
the Company (which shall be an outside law firm with securities law experience) stating that (i) the exercise of the Warrants
on a cashless basis in accordance with this Section 7.4 is not required to be registered under the Act and (ii) the shares of
Common Stock issued upon such exercise will be freely tradable under U.S. federal securities laws by anyone who is not an affiliate
(as such term is defined in Rule 144 under the Act) of the Company and, accordingly, will not be required to bear a restrictive
legend. For the avoidance of any doubt, unless and until all of the Warrants have been exercised on a cashless basis, the Company
shall continue to be obligated to comply with its registration obligations under the first three sentences of this Section 7.4.
The provisions of this Section 7.4 may not be modified, amended or deleted without the prior written consent of the Joint Book-Running
Managers.

 

    	 	12	 

     

    

 

8. Concerning
the Warrant Agent and Other Matters.

 

8.1. Payment
of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the
Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon the exercise of Warrants, but the Company
shall not be obligated to pay any transfer taxes in respect of the Warrants or such shares.

 

8.2. Resignation,
Consolidation, or Merger of Warrant Agent.

 

8.2.1. Appointment
of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged
from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the
office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing
a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period of
thirty (30) days after it has been notified in writing of such resignation or incapacity by the Warrant Agent or by the holder
of the Warrant (who shall, with such notice, submit his Warrant for inspection by the Company), then the holder of any Warrant
may apply to the Supreme Court of the State of New York for the County of New York for the appointment of a successor Warrant
Agent at the Company’s cost. Any successor Warrant Agent, whether appointed by the Company or by such court, shall be a
corporation organized and existing under the laws of the State of New York, in good standing and having its principal office in
the Borough of Manhattan, City and State of New York, and authorized under such laws to exercise corporate trust powers and subject
to supervision or examination by federal or state authority. After appointment, any successor Warrant Agent shall be vested with
all the authority, powers, rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if
originally named as Warrant Agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate,
the predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor
Warrant Agent all the authority, powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any successor
Warrant Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and
effectually vesting in and confirming to such successor Warrant Agent all such authority, powers, rights, immunities, duties,
and obligations.

 

    	 	13	 

     

    

 

8.2.2. Notice
of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof
to the predecessor Warrant Agent and the transfer agent for the shares of Common Stock not later than the effective date of any
such appointment.

 

8.2.3. Merger
or Consolidation of Warrant Agent. Any corporation into which the Warrant Agent may be merged or with which it may be consolidated
or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor
Warrant Agent under this Agreement without any further act.

 

8.3. Fees
and Expenses of Warrant Agent.

 

8.3.1. Remuneration.
The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent hereunder and will
reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its
duties hereunder.

 

8.3.2. Further
Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged,
and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent
for the carrying out or performing of the provisions of this Agreement.

 

8.4. Liability
of Warrant Agent.

 

8.4.1. Reliance
on Company Statement. Whenever in the performance of its duties under this Agreement, the Warrant Agent shall deem it necessary
or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder,
such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively
proved and established by a statement signed by the Chief Executive Officer or Chairman of the Board of Directors of the Company
and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement for any action taken or suffered in good faith
by it pursuant to the provisions of this Agreement.

 

8.4.2. Indemnity.
The Warrant Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith. The Company agrees
to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable
counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement except as a result of the Warrant
Agent’s gross negligence, willful misconduct, or bad faith.

 

    	 	14	 

     

    

 

8.4.3. Exclusions.
The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity
or execution of any Warrant (except its countersignature thereof); nor shall it be responsible for any breach by the Company of
any covenant or condition contained in this Agreement or in any Warrant; nor shall it be responsible to make any adjustments required
under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any such adjustment or the ascertaining
of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be deemed to make any representation
or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant to this Agreement or any
Warrant or as to whether any shares of Common Stock will, when issued, be valid and fully paid and nonassessable.

 

8.5. Acceptance
of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the
terms and conditions herein set forth and among other things, shall account promptly to the Company with respect to Warrants exercised
and concurrently account for, and pay to the Company, all monies received by the Warrant Agent for the purchase of shares of Common
Stock through the exercise of Warrants.

 

9. Miscellaneous
Provisions.

 

9.1. Successors.
All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure
to the benefit of their respective successors and assigns.

 

9.2. Notices.
Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any
Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified
mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address
is filed in writing by the Company with the Warrant Agent), as follows:

 

EdtechX
Holdings Acquisition Corp.

c/o
IBIS Capital Limited

22
Soho Square

London
W1D 4NS

United
Kingdom

Attn:
Benjamin Vedrenne-Cloquet

 

Any
notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to
or on the Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified
mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address
is filed in writing by the Warrant Agent with the Company), as follows:

 

Continental
Stock Transfer & Trust Company

1
State Street Plaza

New
York, New York 10004

Attn:
Compliance Department

 

    	 	15	 

     

    

 

with
a copy in each case to:

 

Graubard
Miller

The
Chrysler Building

405
Lexington Avenue

New
York, New York 10174

Attn:
David Alan Miller, Esq.

 

and

Schiff
Hardin LLP

901
K Street NW

Suite
700

Washington,
D.C. 20001

Attn:
Ralph V. DeMartino, Esq.

 

and

Chardan
Capital Markets, LLC

17
State Street, 21st Floor

New
York, New York 10004

Attn:
George Kaufman, Partner and Head of Investment Banking

 

and

I-Bankers
Securities, Inc.

535
5th Avenue, Suite 423

New
York, NY 10017

Attn:
Mike McCrory

 

9.3. Applicable
Law. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in all respects
by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application
of the substantive laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising
out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United
States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient
forum. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or
certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 9.2 hereof. Such
mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim.

 

    	 	16	 

     

    

 

9.4. Persons
Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the provisions
hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto
and the registered holders of the Warrants and, for the purposes of Sections 2.7, 6.4, 7.4, 9.4 and 9.8 hereof, the Joint Book-Running
Managers, any right, remedy, or claim under or by reason of this Warrant Agreement or of any covenant, condition, stipulation,
promise, or agreement hereof. the Joint Book-Running Managers shall be deemed to be a third-party beneficiary of this Agreement
with respect to Sections 2.7, 6.4, 7.4, 9.4 and 9.8 hereof. All covenants, conditions, stipulations, promises, and agreements
contained in this Warrant Agreement shall be for the sole and exclusive benefit of the parties hereto (and the Joint Book-Running
Managers with respect to the Sections 2.7, 6.4, 7.4, 9.4 and 9.8 hereof) and their successors and assigns and of the registered
holders of the Warrants.

 

9.5. Examination
of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Warrant
Agent in the Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Warrant. The Warrant
Agent may require any such holder to submit his Warrant for inspection by it.

 

9.6. Counterparts.
This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all
purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

9.7. Effect
of Headings. The section headings herein are for convenience only and are not part of this Agreement and shall not affect
the interpretation thereof.

 

9.8 Amendments.
This Agreement may be amended by the parties hereto (and the Joint Book-Running Managers, if required) without the consent of
any registered holder for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision
contained herein or adding or changing any other provisions with respect to matters or questions arising under this Agreement
as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the interest of the registered
holders. All other modifications or amendments, including any amendment to increase the Warrant Price or shorten the Exercise
Period, shall require the written consent or vote of the registered holders of (i) a majority of the then outstanding Public Warrants,
Private Warrants and Co-Book-Running Manager Warrants if such modification or amendment is being undertaken prior to, or in connection
with, the consummation of a Business Combination or (ii) a majority of the then outstanding Warrants if such modification or amendment
is being undertaken after the consummation of a Business Combination. Notwithstanding the foregoing, the Company may lower the
Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without the consent
of the registered holders.

 

9.9 Trust
Account Waiver. The Warrant Agent acknowledges and agrees that it shall not make any claims or proceed against the trust account
established by the Company in connection with the Public Offering (as more fully described in the Registration Statement) (“Trust
Account”), including by way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance.
In the event that the Warrant Agent has a claim against the Company under this Agreement, the Warrant Agent will pursue such claim
solely against the Company and not against the property held in the Trust Account.

 

9.10
 Severability. This Agreement shall be deemed severable, and the invalidity or
unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other
term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend
that there shall be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision
as may be possible and be valid and enforceable.

 

[signature
page follows]

 

    	 	17	 

     

    

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above
written.

 

	 	EDTECHX
    HOLDINGS ACQUISITION CORP.
	 	 	 	 
	 	By:	 
	 	 	Name: 	      
	 	 	Title:	 
	 	 	 	 
	 	CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY
	 	 	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

 

 

18Exhibit 10.4

 

Business Cooperation Agreement

 

amongst

 

Zhuhai Meizhilian Education Technology Co., Ltd.

Domestic Affiliates as shown in Annex I

 

and

 

Meten Education Shareholders as shown in Annex II

 

November 23, 2018

 

     

     

    
 

Table of Contents

 

	
I. Definition and   Interpretation
    	
5
    
	
2. Representations,   Warranties and Covenants
    	
7
    
	
3. Form of   Cooperation
    	
9
    
	
4. Financial Management   and Payment of Fees
    	
21
    
	
5. Liability for Breach   of Contract
    	
22
    
	
6. Governing Laws and   Dispute Resolution
    	
22
    
	
7. Confidentiality
    	
24
    
	
8. Severability
    	
24
    
	
9. Term
    	
25
    
	
10. Amendment
    	
25
    
	
11. Force Majeure
    	
26
    
	
12. Change of   Circumstances
    	
26
    
	
13. Miscellaneous
    	
27
    
	
Annex I: Domestic   Affiliates
    	
 
    
	
Annex II: Meten   Education Shareholders
    	
 
    

 

    1

     

    
 

This Business Cooperation Agreement (hereinafter referred to as “this Agreement”) was signed by the following parties on November 23, 2018:

 

A.                Zhuhai Meizhilian Education Technology Co., Ltd., a wholly foreign-owned enterprise legally established and existing under the laws of PRC, with the unified social credit code of 91440400MA52A269XU. Its registered address is at Room 105 (59220 (concentrated office area)), No. 6, Baohua Road, Hengqin New District, Zhuhai (hereinafter referred to as “WFOE”);

 

B.                The Domestic Affiliates, which refer to Shenzhen Meten International Education Co., Ltd. and its affiliated subsidiaries and training centers and schools (as shown in Annex I of this Agreement, any or all of the aforementioned entities are referred to as “Domestic Affiliates”);

 

C.                Jishuang Zhao, a Chinese citizen whose ID number is [ ], and the residential address is at Room 16D, Building 1, Jinhaiwan Garden, Furong Road, Futian District, Shenzhen, Guangdong Province;

 

D.                Siguang Peng, a Chinese citizen whose ID number is [ ], and the residential address is at 17D, Building 1, Jinhaiwan Garden, Furong Road, Futian District, Shenzhen.

 

E.                 Yupeng Guo, a Chinese citizen whose ID number is [ ], and the residential address is at A-2, 3rd Floor, Times Fortune Building, No. 88 Fuhua Three Road, Futian District, Shenzhen, Guangdong Province;

 

F.                  Yun Feng, a Chinese citizen whose ID number is [ ], and the residential address is at Room 504, No. 29, Gexin Road, Baoshan District, Shanghai.

 

G.                Jun Yao, a Chinese citizen whose ID number is [ ], and the residential address is at 17P, Jinzhong Building, Nanshan District, Shenzhen, Guangdong Province;

 

H.               Tong Zeng, a Chinese citizen whose ID number is [ ], and the residential address is at 2-603, Building 3, No. 3110 Renmin North Road, Luohu District, Shenzhen;

 

    2

     

    
 

I.                    Yongchao Chen, a Chinese citizen whose ID number is [ ], and the residential address is at 6D, Building 27, Gang Zhong Lv Garden, No. 21 Nongyuan Road, Futian District, Shenzhen, Guangdong Province;

 

(The above items C to I, are hereinafter collectively referred to as “Meten Education Individual Shareholders”)

 

J.                    Xinyu Meilianzhong Investment Management Center (Limited Partnership), a partnership legally established and existing under the laws of PRC, with the unified social credit code of 913605033329529727. Its registered address is at Yangtiangang International Eco-City in Xiannvhu District, Xinyu City, Jiangxi Province;

 

K.                Shenzhen Daoge No.21 Investment Partnership (Limited Partnership), a partnership legally established and existing under the laws of PRC, with the unified social credit code of 91440300MA5EQ0XL2X. Its registered address is at Room 3401-3402, Zhongzhou Building, No. 3088 Jintian Road, Futian Street, Futian District, Shenzhen;

 

L.                 Zhihan (Shanghai) Investment Center (Limited Partnership), a partnership legally established and existing under the laws of PRC, with the unified social credit code of 91310115MA1K39UL09. Its registered address is at 26th Floor, No. 828-838 Zhangyang Road, PRC (Shanghai) Free Trade Pilot Zone;

 

M.             Xinyu Meilianxing Investment Management Center (Limited Partnership), a partnership legally established and existing under the laws of PRC, with the unified social credit code of 91360503332948949D and its registered address is Yangtiangang International Eco-City in Xiannvhu District, Xinyu City, Jiangxi Province;

 

N.                Xinyu Meilianchou Investment Management Center (Limited Partnership), a partnership legally established and existing under the laws of PRC, with the unified social credit code of 913605033329489060, and its registered address is at Yangtiangang International Eco-city in Xiannvhu District, Xinyu City, Jiangxi Province;

 

O.                Shenzhen Daoge No.11 Education Investment Partnership (Limited Partnership), a partnership legally established and existing under the laws of PRC, with the unified social credit code of 91440300MA5EDGNC8Y. Its registered address is at c/o Shenzhen Qianhai Commerce Secretariat Co., Ltd., Room 201, Building A, No. 1 Qianwan First Road, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen;

 

    3

     

    
 

P.                  Hangzhou Muhua Equity Investment Fund Partnership (Limited Partnership), a partnership legally established and existing under the laws of PRC, with the unified social credit code of 91330183MA28L6U93N. Its registered  address is at No. 2 Gongwang Road, Huanggongwang Village, Dongzhou Street, Fuyang District, Hangzhou, Zhejiang Province;

 

Q.                Shenzhen Daoge Growth No. 3 Investment Fund Partnership (Limited Partnership), a partnership legally established and existing under the laws of PRC, with the unified social credit code of 914403003594989844. Its registered address is at c/o Shenzhen Qianhai Commerce Secretariat Co., Ltd., Room 201, Building A, No. 1 Qianwan First Road, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen;

 

R.                Shenzhen Daoge Growth No.6 Investment Fund Partnership (Limited Partnership), a partnership legally established and existing under the laws of PRC, with the unified social credit code of 91440300MA5DB1LN2W. Its registered address is at 49F, Fortune Building, Fuhua Three No. 88 Futian Street, Futian District, Shenzhen;

 

S.                  Shenzhen Daoge Growth No. 5 Investment Fund Partnership (Limited Partnership), a partnership legally established and existing under the laws of PRC, with the unified social credit code of 91440300MA5DAL4T2P. Its registered address is at Room 3401-3402, Zhongzhou Building, No. 3088 Jintian Road, Futian Street, Futian District, Shenzhen.

 

(The above items J to S are hereinafter collectively referred to as “Meten Education Institution Shareholders”)

 

(The above items C to S are hereinafter collectively referred to as “Meten Education Shareholders”)

 

In this Agreement, WFOE, Domestic Affiliates, and Meten Education Shareholders are collectively referred to as “Parties”, and each a “Party”.

 

    4

     

    
 

Whereas:

 

1.                  The Parties unanimously agreed that WFOE will cooperate closely with the Domestic Affiliates on management, consulting, technical services and other matters related to the offline English training business and tourism business. According to the unanimous consent of all Parties, WFOE will provide management, consulting, technical services and other related services related to the offline English training and tourism business to the Domestic Affiliates.

 

2.                  The Parties unanimously agreed that the Meten Education Shareholders, as the direct and/or indirect beneficial owner of the Domestic Affiliates, shall take all legal and necessary measures to promote the smooth development and implementation of the cooperation between the WFOE and the Domestic Affiliates.

 

3.                  The Parties unanimously agreed to sign this Agreement and prescribe the rights and obligations of the WFOE and other Parties and the specific content, method, operation and other major cooperation matters in the process of cooperation .

 

In order to clarify the rights and obligations of all Parties, this Agreement has been entered into by the Parties through friendly negotiations and shall be binding upon all Parties.

 

I. Definition and Interpretation

 

“Proposed Listed Company” means Meten International Education Group, a limited liability company incorporated under the laws of the Cayman Islands on July 10, 2018.

 

“Meten Education” means Shenzhen Meten International Education Co., Ltd., a limited liability company incorporated under the laws of PRC on April 3, 2006.

 

“Meten Education Individual Shareholders” means Jishuang Zhao, Siguang Peng, Yupeng Guo, Yun Feng, Jun Yao, Tong Zeng and Yongchao Chen.

 

“Meten Education Institution Shareholders” means Xinyu Meilianzhong Investment Management Center (Limited Partnership), Shenzhen Daoge No.21 Investment Partnership (Limited Partnership), Zhihan (Shanghai) Investment Center (Limited Partnership), Xinyu Meilianxing Investment Management Center (Limited Partnership), Xinyu Meilianchou Investment Management Center (Limited Partnership), Shenzhen Daoge No.11 Education Investment Partnership (Limited Partnership), Hangzhou Muhua Equity Investment Fund Partnership (Limited Partnership), Shenzhen Daoge Growth No. 3 Investment Fund Partnership (Limited Partnership), Shenzhen Daoge Growth No. 6 Investment Fund Partnership (Limited Partnership) and Shenzhen Daoge Growth No. 5 Investment Fund Partnership (Limited Partnership).

 

    5

     

    
 

“Meten Education Shareholders” means Jishuang Zhao, Siguang Peng, Yupeng Guo, Yun Feng, Jun Yao, Tong Zeng, Yongchao Chen, Xinyu Meilianzhong Investment Management Center (Limited Partnership), Shenzhen Daoge No.21 Investment Partnership (Limited Partnership, Zhihan (Shanghai) Investment Center (Limited Partnership), Xinyu Meilianxing Investment Management Center (Limited Partnership), Xinyu Meilianchou Investment Management Center (Limited Partnership), Shenzhen Daoge No.11 Education Investment Partnership (Limited Partnership), Hangzhou Muhua Equity Investment Fund Partnership (Limited Partnership), Shenzhen Daoge Growth No.3 Investment Fund Partnership (Limited Partnership), Shenzhen Daoge Growth No.6 Investment Fund Partnership (Limited Partnership) and Shenzhen Daoge Growth No.5 Investment Fund Partnership (Limited Partnership).

 

“Domestic Affiliates” means Meten Education and its controlled limited liability companies and private non-enterprise legal entities (as shown in Annex I of this Agreement, any or all of the aforementioned entities are referred to as “Domestic Affiliates”).

 

“Cooperation Agreements” means this Agreement, the Exclusive Technical Service and Management Consulting Agreement, the Exclusive Call Option Agreement, the Equity Pledge Agreement, the Shareholder Rights Entrustment Agreement and the Shareholders’ Power of Attorney signed by certain Parties of this Agreement, including the amendments to the above agreements, and other agreements, contracts or instruments signed or issued by one or more Parties from time to time to ensure the fulfillment of the above agreements and signed or recognized by the WFOE in writing.

 

“License” means all permits, licenses, registrations, approvals and authorizations required for the operation of a Domestic Affiliates.

 

“Business” means all services and businesses provided or operated by a Domestic Affiliates from time to time in accordance with the licenses it has obtained, including but not limited to offline English training business and tourism business.

 

“PRC” means the People’s Republic of China (for the purposes of this Agreement only, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan).

 

    6

     

    

 

“Asset” means the tangible assets and intangible assets directly or indirectly owned by the Domestic Affiliates, including but not limited to all fixed assets, current assets, capital interests of foreign investment, intellectual property rights, and all available benefits under all contracts and any other benefits that should be obtained by the Domestic Affiliates.

 

2. Representations, Warranties and Covenants

 

1.                  On the date of this Agreement, WFOE makes the following representations, warranties and covenants:

 

a)                 WFOE is a foreign-invested limited liability company legally established and validly existing in accordance with the laws of PRC and has independent legal personality;

 

b)                 WFOE has the right to sign and perform this Agreement, and it has obtained all necessary and appropriate approvals and authorizations for the signing and performance of this Agreement;

 

c)                  This Agreement constitutes the legally valid and enforceable obligations binding on the WFOE on the effective date of this Agreement;

 

d)                 WFOE guarantees that it will use its best effort to provide relevant services to the Domestic Affiliates in accordance with the relevant laws, regulations, regulatory documents and bylaws;

 

e)                  WFOE’s signing and performance of this Agreement does not violate the currently valid laws, regulations, rules applicable to it or its bylaws. Its signing and performance of this Agreement does not violate any court judgment or arbitral award, or any administrative decision, approval, license or any other agreement under which it is a party or that is binding on it, and will not result in the suspension, revocation, confiscation or expiration (with failure to renew) of any approval, license or qualification of the government department applicable to it.

 

2.                  Prior to the termination of this Agreement, each of the Domestic Affiliates shall makes the following representations, warranties and covenants:

 

a)                 It is a limited liability company and/or private non-enterprise unit legally established and validly existing in accordance with the laws of PRC and has independent legal personality;

 

b)                 It has the right to sign and perform this Agreement, and it has obtained all necessary and appropriate approvals and authorizations for the signing and performance of this Agreement;

 

    7

     

    

 

c)                  This Agreement constitutes the legally valid and enforceable obligation binding on it on the effective date of this Agreement;

 

d)                 All documents, materials and information submitted by the Domestic Affiliates to WFOE before and after the signing of this Agreement are true, complete and accurate, and there are no falsehoods, omissions or serious misleading;

 

e)                  The debt situation of the Domestic Affiliates disclosed by the Domestic Affiliates to the WFOE is true, complete and accurate;

 

f)                   Except for the pledge set by the Domestic Affiliates due to the Cooperation Agreements, there are no other encumbrances or restrictions of rights on the assets and other rights held by the Domestic Affiliates;

 

g)                  The Domestic Affiliates will strictly abide by the provisions under this Agreement and will not conduct any acts/inactions that will affect the validity and enforceability of this Agreement;

 

h)                 The signing and performance of the Agreement by the Domestic Affiliates does not violate the existing valid laws, regulations, regulations applicable to it or its bylaws. Its signing and performance of this agreement does not violate any court judgment or arbitral award or any administrative decision, approval, license or any other agreement under which it is a party or that is binding on its equity interest or other assets, and will not result in the suspension, revocation, confiscation or expiration (with failure to renew) of any approval, license or qualification of the government department applicable to it.

 

3.                  On the  date of this Agreement, each of the Meten Education Shareholders makes the following representations, warranties and covenants, severally but not jointly:

 

a)                 It has full civil capacity and legal capacity to enter into this Agreement and enjoy rights and undertake obligations under this Agreement;

 

b)                 On the effective date of this Agreement, Meten Education Shareholders are the legal owner of the equities of Meten Education, and Meten Education Shareholders holds a total of 100% of the Meten Education’s equities;

 

c)                  In addition to the rights restrictions set on the equities due to the Cooperation Agreements, the equities held by Meten Education Shareholders in Meten Education is free from any other encumbrances or rights restrictions;

 

    8

     

    
 

d)                 This Agreement is signed by them and constitutes legal, valid and binding obligations on them;

 

e)                  All documents, materials and information submitted by the Meten Education Shareholders to WFOE before and after the signing of this Agreement are true, complete and accurate, without any falsehood, omission or serious misleading;

 

f)                   Meten Education Shareholders will strictly abide by the terms of this Agreement and will not conduct any act/inaction that would affect the validity and enforceability of this Agreement;

 

g)                  Its performance of this agreement does not violate the currently valid laws, regulations or regulations applicable to it. Its signing and performance of this Agreement does not violate any court judgment, arbitral award any administrative decision or any other agreement under which it is a party or that is binding on its equity interest or other assets.

 

3. Form of Cooperation

 

1.                  In order to carry out comprehensive cooperation, in addition to this Agreement, at the same time as the execution of this agreement, certain Parties have signed a series of Cooperation Agreements, including but not limited to, the Exclusive Technical Service and Management Consulting Agreement, the Exclusive Call Option Agreement, the Equity Pledge Agreement, the Shareholders’ Rights Entrustment Agreement and the Shareholders’ Rights Power of Attorney.  The Parties confirmed that through the signing of the Cooperation Agreements, various business relationships have been established between WFOE and the Domestic Affiliates, and WFOE will provide Domestic Affiliates with technical services, management support services, consulting services and intellectual property licenses required for the conducting of offline English training business and tourism business activities, including but not limited to preparation, selection and/or recommendation of training centers/schools courses and textbooks, recruitment of teachers and other staff, training support, admissions support,, public relations maintenance, market research and development, management and marketing consulting and other related services, and the payment of various amounts that the Domestic Affiliates should pay to WFOE under such agreements. Therefore, the daily operating activities of the Domestic Affiliates will have a substantial impact on their ability to pay the corresponding amount to WFOE.

 

2.                  All Parties unanimously agree that the comprehensive cooperation established by the Parties through the signing of the Cooperation Agreements is exclusive. Unless the WFOE has agreed in writing in advance, during the valid period of the Cooperation Agreements, the Domestic Affiliates, Meten Education Shareholders are not allowed to negotiate with any third party or conduct any form of cooperation that competes or conflicts with or is similar to the above cooperation.

 

    9

     

    
 

3.                  In order to ensure the performance of the Cooperation Agreements, the Domestic Affiliates shall abide by the following provisions, and if the Domestic Affiliates establish any subordinate enterprises and units in the future, the Domestic Affiliates shall prompt their subordinate enterprises and units to comply with the following provisions:

 

a)                 Cautiously and effectively conduct offline English training business and tourism business activities in accordance with good financial and business standards, and maintain the asset value of Domestic Affiliates and the quality and level of offline English training and teaching and tourism services;

 

b)                 Prepare its development plan and annual work plan in accordance with the instructions of the WFOE;

 

c)                  Engage in offline English training business, tourism business and other related businesses with the assistance of WFOE;

 

d)                 Conduct related business, manage day-to-day operations and conduct financial management in accordance with WFOE’ s advice, recommendations, guidelines and other business instructions;

 

e)                  Implement the WFOE’ s advice on the appointment and dismissal of senior management and staff;

 

f)                   Adopt WFOE’ s recommendations, guidelines and plans for its strategic development;

 

g)                  Based on the purpose of developing offline English training business and tourism business, continue to operate related businesses and maintain the timely updates and continuous effectiveness of the relevant licenses and permits owned by them;

 

h)                 At the request of the WFOE, provide related materials on the business operation management and financial status of the Domestic Affiliates, and promptly inform WFOE of any or potential significant adverse effects in its business and business operation processes, and use their best efforts to prevent the occurrence of such events and/or increase in loss;

 

    10

     

    

 

i)                     At the request of the WFOE, purchase from the insurance company agreed by the WFOE and holds insurance for the assets and business of the Domestic Affiliates. The amount and type of the insurance shall be the same as those usually purchased by the companies and private non-enterprise units operating similar businesses or having similar assets or properties in the same region.

 

Meten Education Shareholders severally but not jointly covenant that they will procure and ensure that the above obligations are fulfilled.

 

4.                  Meten Education Shareholders agree that they will ensure the person designated by WFOE to be the director (council) of the Domestic Affiliates in accordance with the laws and regulations and the procedures stipulated in the bylaws of the Domestic Affiliates, and ensure that the person recommended by WFOE to be the chairman of directors (councils) (if any) of the Domestic Affiliates, and the person designated by the WFOE to be the manager, chief financial officer and other senior managements of the Domestic Affiliates.

 

5.                  If the director (council) or senior management designated by the WFOE in Section 4 above no longer has a labor or employment relationship with the WFOE, whether by voluntary resignation or dismissal by WFOE, it will lose the qualification to hold any position in the Domestic Affiliates. .  In such a case, other persons designated by the WFOE shall be appointed to the corresponding positions in accordance with the provisions of Section 4 above.

 

6.                  For the purposes of Sections 4 and 5 above, the Domestic Affiliates shall, in accordance with the law, the bylaws of the Domestic Affiliates and the provisions of this Agreement, take all necessary internal and external procedures to legally complete the above dismissal and appointment.

 

7.                  The Domestic Affiliates will provide the WFOE with all the information on the operation and financial status of the Domestic Affiliates in full compliance with the requirements of the WFOE.

 

8.                  If any investigation, litigation, arbitration, administrative proceedings or other legal proceedings involving the assets, business and income of a Domestic Affiliates occurs or may occur, the Domestic Affiliates undertake to immediately notify the WFOE of the above situations.

 

    11

     

    

 

9.                  Meten Education Shareholders hereby confirmed that they have authorized WFOE or person designated by WFOE to exercise all voting rights as Meten Education Shareholders in the shareholding meeting of Meten Education by signing the Shareholders’ Rights Entrustment Agreement and the Shareholders’ Power of Attorney with the WFOE.  Meten Education Shareholders agree that they will provide all assistance to the WFOE in exercising such rights, including but not limited to, at any time, in accordance with the requirements of the WFOE, providing to or withdraw from the person designated by WFOE to the power of attorney related to the entrusted matters.

 

10.           The Domestic Affiliates agrees that, without the prior written consent of WFOE, the Domestic Affiliates shall not declare or actually distribute to the Meten Education Shareholder any teaching revenues or any other income or benefit (regardless of its specific form); Meten Education Shareholders agree, if it obtains any teaching revenues or any other income or benefits (regardless of its specific form) from its Domestic Affiliates, it shall, at the time of realization, transfer such proceeds or benefits to WFOE without any conditions and compensation.

 

11.           In the event that the WFOE is to be dissolved, liquidated, bankrupt or reorganized, Meten Education Shareholders and the Domestic Affiliates unconditionally agree that the other persons designated by the Proposed Listed Company will inherit the rights and obligations of the WFOE under the Cooperation Agreements and agree to sign any necessary documents, take all necessary measures to cooperate with the person designated by the Proposed Listed Company to realize the smooth inheritance of the aforementioned contractual rights and obligations; or Meten Education Shareholders agree, according to the instructions of the Proposed Listed Company, legally procure the sale or disposal in other means in accordance with the instructions of Proposed Listed Company of the direct and/or indirect equities held by the Meten Education Shareholders in the Domestic Affiliates, and procure the free transfer of the full price from the disposal in such means of the direct and / or indirect equities held by the Meten Education Shareholders in the Domestic Affiliates to the Proposed Listed Company or other persons designated by the Proposed Listed Company; or Meten Education Shareholders agree to, in accordance with the instructions of the Proposed Listed Company, legally procure the sale or disposal in other means in accordance with the instructions of Proposed Listed Company of part or all of the assets of the Domestic Affiliates, and procure the free transfer of the part of the price from the disposal in such legal means of the assets of the Domestic Affiliates that shall be attributed to the Meten Education Shareholders to the Proposed Listed Company or the persons designated by the Proposed Listed Company.

 

    12

     

    

 

12.           Meten Education Shareholders agree and not jointly covenant that, in the event of the dissolution or liquidation of the Domestic Affiliates, firstly, the WFOE and/or its authorized persons shall be entitled to exercise all shareholders ‘ and/or organizers ‘ rights on behalf of the shareholders and/or organizers of the Domestic Affiliates, including but not limited to the rights to decide on the dissolution or liquidation of Domestic Affiliates, designate and appoint members of the liquidation group of the Domestic Affiliates and/or their agents, approve the liquidation plan and liquidation report; secondly, the shareholders and/or organizers of the Domestic Affiliates agree to freely transfer to the WFOE or other persons designated by the Proposed Listed Company, all the properties obtained or entitled to it as the shareholders and/or organizers of the Domestic Affiliates due to the dissolution or liquidation of the Domestic Affiliates, and direct the liquidation group of the Domestic Affiliates to directly transfer the above property to the WFOE and/or other persons designated by the Proposed Listed Company; thirdly, if in accordance with the laws of PRC in force at that time, the foregoing alleged transfer shall not be free, except for the paid transfer and direct delivery according to the instructions, Meten Education Shareholders further agree to return the transfer consideration in full and appropriate method to the WFOE and/or other person designated by the Proposed Listed Company, and guarantee that WFOE and/or other persons designated by the Proposed Listed Company are not subject to any  loss.

 

13.           If Meten Education’ s capital will be increased by Meten Education Shareholders, Meten Education Shareholders agree and confirm that they shall pledge all the shares corresponding to the increase in the registered capital of the Meten Education to the WFOE as the guarantee for the performance of the obligations under the Cooperation Agreements and the debt repayment. The Parties agree that Meten Education Shareholders shall prepare the agreements related to the pledge of the corresponding part of the capital increase before the capital increase of Meten Education, and sign the equity pledge agreement on the date of completion of the industrial and commercial capital increase registration, and complete the equity pledge registration procedure as soon as possible.

 

14.           If the guarantee period specified in the Equity Pledge Agreement expires, or the guarantee period registered by the relevant pledge registration authority expires, and the agreements other than the Equity Pledge Agreement among the Cooperation Agreements are still valid, the relevant guarantor shall continue to provide guarantee for the performance of the obligations under the Cooperation Agreements and the debt repayment with the equity of the Meten Education that it holds, and the scope of the collateral provided shall not be less than the scope of the collateral under the original guarantee contract, and such guarantees continued to be provided shall be satisfactory to the WFOE and the Proposed Listed Company, and the relevant guarantors will do their best to register the pledges and other matters with the relevant registration authorities.

 

    13

     

    

 

15.           Meten Education Shareholders and Domestic Affiliates hereby confirm and agree that, unless they have obtained the prior written consent of WFOE or the person designated by WFOE, Meten Education Shareholders and Domestic Affiliates will not conduct or procure any activity or transaction that may materially affect the assets, business, personnel, obligations, rights or activities or transactions operated by the Domestic Affiliates, , nor will they engage in or procure any activity or transaction that has the potential material effect on the ability of the Meten Education Shareholders and Domestic Affiliates to perform their obligations under the Cooperation Agreements. including but not limited to:

 

a)                 The establishment of any subordinate enterprises and units of Domestic Affiliates, including subsidiaries, branches and private non-enterprise units;

 

b)                 Carrying out any activities beyond the normal business scope of the Domestic Affiliates or its subsidiaries or units, or change of the operation mode of the Domestic Affiliates or their subsidiaries or units;

 

c)                  The merge, division, change of organizational form, dissolution, and liquidation of Domestic Affiliates and/or their subordinate enterprises or units;

 

d)                 Any borrowing, loans incurred by, or the inheritance or acceptance of, or providing any guarantee for any debt by Meten Education Shareholders from or to the Domestic Affiliates or their subsidiaries or units;

 

e)                  Any borrowing, loans incurred by, or the inheritance or acceptance of, or providing any guarantee for any debt by the Domestic Affiliates or their affiliated enterprise, unless such debt incurs during the ordinary course of business of the Domestic Affiliates and the amount of each debt is less than RMB 500,000;

 

f)                   Alteration or dismissal of any directors (councils), supervisors of the Domestic Affiliates or their subsidiaries or units or the alteration of any senior management personnel of the Domestic Affiliates or their subsidiaries or units, including but not limited to managers, deputy managers, chief financial officers, technical directors, etc., or increase or decrease of the remuneration and benefits of the directors (councils), headmasters, supervisors, managers and other senior management personnel of the Domestic Affiliates or their subsidiaries or units, or alteration of the terms and conditions of employment of the directors (councils), headmasters, supervisors, managers and other senior management personnel of the Domestic Affiliates or their subsidiaries or units;

 

    14

     

    

 

g)                  Selling, transferring, lending to, or authorizing any third party other than the WFOE or its designee to use or otherwise dispose of the assets or rights of the Domestic Affiliates or their subsidiaries or units, including but not limited to the domain name, trademark, intellectual property, and proprietary technology registered by the Domestic Affiliates or their subsidiaries or units, or any assets or rights purchased by the Domestic Affiliates or its subsidiaries or units from the third party, other than assets for disposed or purchased by the Domestic Affiliates required for its daily operation, and the where the value of the assets involved in the transaction does not exceed RMB 500,000;

 

h)                 Sale of shares and/or organizer rights in Domestic Affiliates or their subsidiaries or units to any third party other than WFOE or its designee, or increase or decrease of the registered capital of Domestic Affiliates or their subsidiaries or units; or change of the structure of equities and/or organizer rights of the Domestic Affiliates or their subsidiaries or units in any method;

 

i)                     Providing guarantees with the equity and/or organizer rights, assets or rights of Domestic Affiliates or their subsidiaries or units to any third party other than WFOE or its designees or procuring the Domestic Affiliates or their subsidiaries or units to provide any other form of guarantee, or impose any other encumbrances on the equity and/or organizer rights of or the assets owned by the Domestic Affiliates or their subsidiaries or units;

 

j)                    Amendment, modification or revocation of the licenses of the Domestic Affiliates or their subsidiaries or units;

 

k)                 Modification of the bylaws of the Domestic Affiliates or their subsidiaries or units or change of the business scope of the Domestic Affiliates or their subsidiaries or units;

 

l)                     Change of the normal internal business procedures of the Domestic Affiliates or their subsidiaries or units or modification of any internal rules and regulations, including but not limited to the financial management system, the rules of the board of directors (councils) / shareholders meeting, the rules of work of managers / other administrative leaders;

 

    15

     

    

 

m)             Not in accordance with the planning or recommendations of the WFOE or the Proposed Listed Company, conducting any transaction or signing any business contract related to the Domestic Affiliates or its subsidiaries or units outside of the existing normal business of the Domestic Affiliates or its subsidiaries or units with any third party;

 

n)                 Allocating dividends, teaching revenues, other payments or loans to shareholders or organizers of Domestic Affiliates or their subsidiaries or units in any way;

 

o)                 Any activity that has or may adversely affect the ability of the Domestic Affiliates or its subsidiaries or units to pay the WFOE, to conduct daily operations, or the business, assets of the Domestic Affiliates or their subsidiaries or units;

 

p)                 Any transaction that has or may adversely affect the cooperation between the WFOE, the Meten Education Shareholders, and the Domestic Affiliates or their subsidiaries or units under the Cooperation Agreements; and

 

q)                 Transferring rights and obligations under this Agreement and other Cooperation Agreements to any third party other than the designated person of WFOE or WFOE, or the establishment or conducting of any cooperation or business relationship that is the same or similar to this cooperation by the Meten Education Shareholders, Domestic Affiliates or their subsidiaries or units with any third parties.

 

16.           Meten Education Individual Shareholders guarantee to WFOE that they had made all reasonable arrangements and signed all necessary documents to ensure when they died, were incapacitated, restricted in their ability to act, divorced, or otherwise their abilities to exercise their (direct and / or indirect) equities of Meten Education were affected, their successor, guardian, spouse, etc. who shall thereby be potentially able to obtain their equities or related rights of Meten Education, may not affect or hinder the performance of the Cooperation Agreements.  Related arrangements include but are not limited to:

 

a)                 Meten Education Individual Shareholders and their spouse unanimously agree that when the Meten Education Individual Shareholders’ capacity was limited or incapacitated, all of their (direct and indirect) equity interests in Meten Education will be transferred without compensation and without conditions to WFOE or other person designated by the Proposed Listed Company. Meten Education Individual Shareholders and their spouse further agree that in these circumstances, Meten Education Individual Shareholders and their spouse, and the guardians of Meten Education Individual Shareholders must be unconditionally and freely, at the request by the WFOE or other persons designated by the Proposed Listed Company, provide all necessary assistance and support to complete the legal procedures related to the transfer of the above equity rights;

 

    16

     

    

 

b)                 Meten Education Individual Shareholders and their spouse unanimously agreed that when any of Meten Education Individual Shareholders or their spouse dies, all of Meten Education Individual Shareholders’ (direct and indirect) equity interests in Meten Education shall be freely and unconditionally transferred to WFOE or other persons designated by the Proposed Listed Company  and shall not be included as the legal inheritance of the deceased party. Meten Education Individual Shareholders and their spouse unanimously agree that in these circumstances, Meten Education Individual Shareholders and his spouse, the estate administrator of the deceased party must unconditionally and freely, at the request of the WFOE or other person designated by the Proposed Listed Company, provide all necessary assistance and support to complete the legal procedures related to the transfer of equity interests; and

 

c)                  Meten Education Individual Shareholders and their spouses unanimously agree that when the Meten Education Individual Shareholders and their spouse divorced, all of Meten Education Individual Shareholders ‘s (direct and indirect) equity interests in Meten Education shall be transferred without compensation and without conditions to WFOE or other persons designated by the Proposed Listed Company and shall not be included into the scope of the property that needs to be divided and distributed due to divorce. Meten Education Individual Shareholders and their spouse unanimously agree that in these circumstances, Meten Education Individual Shareholders and their spouse must unconditionally and freely perform all necessary assistance and support at the request of the WFOE or other person designated by the Proposed Listed Company to complete the legal procedures related to the signing of the transfer of equity interests.

 

    17

     

    

 

17.           Meten Education Institution Shareholders covenant to the WFOE that they had made all reasonable arrangements and signed all necessary documents to ensure that when the Meten Education Institution Shareholders dissolve, liquidate, or are revoked, ordered to close, applied for compulsory dissolution or for other reasons that need to dissolve or liquidate or otherwise their abilities to exercise their (direct and / or indirect) equities of Meten Education were affected,, its successors, administrators, liquidation groups, etc. who shall thereby be potentially able to obtain their equities or related rights of Meten Education, may not affect or hinder the performance of the Cooperation Agreements.  Related arrangements include but are not limited to:

 

a)                 Meten Education Institution Shareholders unanimously agree to, when Meten Education Institution Shareholders are revoked, ordered to close, applied for forced dissolution or for other reasons need to be dissolved, liquidated or in other similar situations, Meten Education, Meten Education Institution Shareholders, and the liquidation group of the Meten Education Institution Shareholders shall provide all necessary assistance and support, at the request of the WFOE or other persons designated by the Proposed Listed Company, unconditionally and without compensation, in order to complete the aforementioned legal procedures related to the transfer of equities in Meten Education, and shall voluntarily and irrevocably waive the exercise of statutory and / or agreed revocation rights, and shall not carry out other acts and / or inactions that may hinder the WFOE or the person designated by the Proposed Listed Company to acquire and exercise the equity;

 

b)                 Meten Education Institution Shareholders unanimously agree to, when the equity of Meten Education was applied for enforcement or otherwise Meten Education Institution Shareholders’ abilities to hold their (direct and / or indirect) equities of Meten Education were materially restricted or similarly disposed, Meten Education, Meten Education Institution Shareholders, and the liquidation group of the Meten Education Institution Shareholders shall provide all necessary assistance and support, at the request of the WFOE or other persons designated by the Proposed Listed Company, unconditionally and without compensation, in order to complete the aforementioned legal procedures related to the transfer of equities in Meten Education, and shall voluntarily and irrevocably waive the exercise of statutory and / or agreed revocation rights, and shall not carry out other acts and / or inactions that may hinder the WFOE or the person designated by the Proposed Listed Company to acquire and exercise the equity.

 

18.           Meten Education Shareholders assure to the WFOE that, unless prior written consent of the WFOE was obtained, Meten Education Shareholders (whether individually or collectively) will not directly or indirectly engage, participate in or conduct business competitive or potentially competitive with the business of the Domestic Affiliates and its subsidiaries and units, and will not acquire or hold business competitive or potentially competitive with the business of Domestic Affiliates and their subsidiaries and units, and will not use information obtained from Domestic Affiliates and their subsidiaries and units to engage in or directly or indirectly participate in businesses competitive or potentially competitive with the business of the Domestic Affiliates and their affiliates and units, and will not benefit from any business competitive or potentially competitive with the business of Domestic Affiliates and their affiliates.  However, the investment by the Meten Education Institution Shareholders as a financial investor in a business competitive or potentially competitive with the business of Domestic Affiliates and its subsidiaries and units is not subject to the foregoing Section 18 and this Section 19.

 

    18

     

    

 

19.           Meten Education Shareholders confirm and agree, if Meten Education Shareholders (whether alone or collectively), directly or indirectly engage, participate in or conduct any business or activity that competes with or may compete with the business of the Domestic Affiliates and its subsidiaries and units, then WFOE and/or other entities designated by the Proposed Listed Company shall enjoy an option free of charge, requiring (i) a legal entity engaged in the competitive business to sign with the WFOE and/or other entities designated by the Proposed Listed Company in a timely manner full set of agreements arrangements similar to the Cooperation Agreements, the consideration must be negotiated and determined by the Parties based on the fair and reasonable principles and the valuation of third-party professional appraisers and the applicable laws and regulations (including the laws, regulations and relevant rules of securities regulation in the place of listing); or (ii) cease to engage in such competitive business.  The WFOE and/or the Proposed Listed Company has the right to decide whether to require a legal entity that is engaged in a competitive business to sign a full set of agreements similar to the Cooperation Agreements with the WFOE and/or other entities designated by the Proposed Listed Company within a reasonable time after obtaining written notice from the Meten Education Shareholders.  If the WFOE and/or other entities designated by the Proposed Listed Company choose to exercise rights under subsection (i), Meten Education Shareholders shall procure and ensure that the legal entity engaged in the competitive business signs a full set of agreement arrangements with the WFOE in a timely manner similar to the Cooperation Agreements; If the WFOE and/or other entities designated by the Proposed Listed Company choose to exercise rights under subsection (ii), then Meten Education Shareholders shall terminate such competitive business in an appropriate manner within a reasonable time to eliminate the inter-industry competition between Meten Education Shareholders, WFOE and the Proposed Listed Company.

 

20.           Meten Education Shareholders and Domestic Affiliates assure to the WFOE that they will not take any action or inaction that may be contrary to the purpose and intention of the Cooperation Agreements, which may lead to or may lead to the conflict of interest between WFOE and Meten Education Shareholders and Domestic Affiliates and their subsidiaries and units.  If the interest of Meten Education Shareholders, Domestic Affiliates and WFOE conflict in the implementation of the Cooperation Agreements, Meten Education Shareholders, Domestic Affiliates will safeguard the legitimate interests of WFOE in the Cooperation Agreements and obey the WFOE’ s instructions in accordance with the laws.

 

    19

     

    

 

21.           Meten Education Shareholders confirm to the WFOE, after the full investment of all capital contributions by the Meten Education Shareholders to Meten Education, such capital contribution shall be the assets of Meten Education, Meten Education Shareholders shall not, under any circumstances, require Meten Education to repay the capital contribution and will not require for WFOE’ s compensation for the capital contribution.

 

22.           Meten Education Shareholders unanimously agree that their rights and obligations under the Cooperation Agreements are an integral part of the equity of Meten Education, unless otherwise directed by WFOE, the obtaining and/or exercise of the equity of Meten Education by any means (including but not limited to acquisition, property division, inheritance, guardianship, agency) by any person is considered as the recognition and acceptance of the corresponding rights and obligations under the Cooperation Agreements, as if such person has signed the Cooperation Agreements.  If such person brings up any disapproval, objections or other reservations to the corresponding rights and obligations under the Cooperation Agreements, then any such acts or inaction that conflict with the Cooperation Agreements are invalid and, WFOE reserves the legal right to recover the losses thereby caused to the WFOE.

 

23.           Meten Education agrees that its rights and obligations under the Cooperation Agreements are an integral part of the  equity and/or organizer right held by it in its Domestic Affiliates, unless otherwise directed by WFOE, the obtaining and/or exercise of such equity and/or organizer right by any means (including but not limited to acquisition, merger, division, bankruptcy management, dissolution, liquidation, property escrow, agency) by any person is deemed as the recognition and acceptance of the corresponding rights and obligations under the Cooperation Agreements, as if such person has signed the Cooperation Agreements.  If such person brings up any disapproval, objections or other reservations to the corresponding rights and obligations under the Cooperation Agreements, then any such acts or inaction that conflict with the Cooperation Agreements are invalid and, WFOE reserves the legal right to recover the losses thereby caused to the WFOE.

 

    20

     

    
 

4. Financial Management and Payment of Fees

 

1.                  Service Fee

 

a)                 WFOE provides the Domestic Affiliates with exclusive technical services and exclusive management consulting services required for offline English training and tourism business, including but not limited to training centers/schools courses, professional design, preparation, selection and/or recommendation of textbooks, recruitment of teachers and other staff, training support, admissions support,, public relations maintenance, market research and development, management and marketing consulting, etc., in accordance with the provisions of this Agreement and the Exclusive Technical Services and Management Consulting Agreement. As a consideration, Domestic Affiliates shall pay technical services fees, management and consulting services fees to WFOE in accordance with relevant agreements. (The above fees are collectively referred to as “Service Fees”); and

 

b)                 For details of the accounting, confirmation and payment of Service Fees, please refer to the relevant provisions of “Section 5. Service Fees” of the Exclusive Technical Service and Management Consulting Agreement.

 

2.                  Financial Statements

 

The Domestic Affiliates shall adopt an accounting system established and implemented in accordance with sound business practices, and prepare financial statements of Domestic Affiliates and their subsidiaries and units that meet the requirements of WFOE and shall deliver them to WFOE within 3 business days from the date of completion of the preparation of these financial statements and other financial reports.

 

3.                  Audit

 

The Domestic Affiliates shall allow the WFOE, the Proposed Listed Company and/or its designated auditors, under reasonably notification, to audit the relevant accounting books and records of the Domestic Affiliates and their subsidiaries and units at the principal office of the Domestic Affiliates, and to copy the required parts of the accounting books and records to verify the income amount and the accuracy of the statements for any period. For this purpose, the Domestic Affiliates agree to provide relevant information and materials concerning the operations, business, customers, finances, employees, etc. of the Domestic Affiliates and their subsidiaries and units, and agree that the Proposed Listed Company shall disclose such information and materials in order to meet the requirements of securities  regulation of the place in which it intends to be listed.

 

    21

     

    
 

5. Liability for Breach of Contract

 

1.                  Any Party that violates the provisions of this Agreement and other Cooperation Agreements and make all or part of this Agreement or other Cooperation Agreements unenforceable, shall be liable for breach of contract, and for continuous actual performance and shall compensate the other Parties for the losses caused thereby (including litigation fees and attorney fees caused thereby).

 

2.                  The Parties agree that, subject to the applicable laws, WFOE has the right to immediately claim to the court or arbitration institution that has jurisdiction over the breach of contract by the Meten Education Shareholders and Domestic Affiliates under the Cooperation Agreements for statutory relief or other remedies related to the equity or land or other assets held by the defaulting party. , including but not limited to the transfer of equity and/or organizer right of Domestic Affiliates and their subsidiaries and units or the compulsory transfer of assets by Meten Education Shareholders, Domestic Affiliates and their subsidiaries and units, or the order to dissolve or liquidate the Domestic Affiliates and their subsidiaries and units to compensate for the loss of WFOE.

 

3.                  With respect to any loss, damage, obligation and expense caused by any litigation, claim or other request against WFOE arising out of or arising from the service provided by WFOE as required by the Meten Education Shareholders and the Domestic Affiliates under this Agreement, the Meten Education Shareholders and the Domestic Affiliates shall severally but not jointly compensate WFOE and protect the WFOE from loss.

 

6. Governing Laws and Dispute Resolution

 

1.                  Change of Law

 

At any time after the date of this Agreement, with respect to the enactment or revision of any Chinese laws, regulations or rules, or due to changes in the interpretation or application of such laws, regulations or rules, the following provisions shall apply:

 

a)                 If the above changes or new rules are more favorable to any Party than the relevant laws, regulations, decrees or regulations in effect on the date of signing this Agreement (and the other Parties are not seriously adversely affected), under the coordination of the WFOE, the Parties shall timely modify the Cooperation Agreements to obtain the benefits arising from such changes or new regulations; or the Parties shall apply in time for the benefits of such changes or new regulations, and the Parties shall use their best efforts to obtain the approval of the application; or

 

    22

     

    
 

b)                 If, due to the above changes or new regulations, the economic interests of either Party under this Agreement are directly or indirectly adversely affected, this Agreement shall continue to be executed in accordance with the original terms.  Each Party shall use all legal means to obtain an exemption from compliance with the change or regulations.  If the adverse effects on the economic interests of either Party cannot be resolved in accordance with the provisions of this Agreement, and the affected Party notifies the other Parties, the Parties shall promptly consult with the WFOE and make all necessary modifications to the Cooperation Agreements to maintain the economic interests of the affected Party under this Agreement.

 

2.                  The laws of PRC shall apply to the conclusion, validity, interpretation, performance, modification and termination of this Agreement and the resolution of disputes.

 

3.                  Any conflict, dispute or claim arising out of or in connection with the performance, interpretation, breach of contract, termination or validity of this Agreement or this Agreement shall be settled through friendly negotiation.  The consultation shall begin immediately after a written request for negotiation with specific statement of the dispute or claim has been sent to the other Parties.

 

4.                  If the dispute cannot be resolved within thirty (30) days after the delivery of the above notice, either Party has the right to submit the dispute to arbitration for settlement.  The Parties agree to submit the dispute to the Shenzhen International Court of Arbitration in Shenzhen for an arbitral award in accordance with the arbitration rules in force at that time. The arbitral award is final and is legally binding on all parties.

 

5.                  During the arbitration period, other than obligations related to the disputes submitted to the arbitration, the Parties to this Agreement shall continue to perform their other obligations under this Agreement.

 

6.                  Any rights, powers and remedies given to the Parties under any provision of this Agreement shall not exclude any other rights, powers or remedies that the Party may have in accordance with the law and other terms of this Agreement, and that the rights, powers and remedies and the exercising of such rights, powers and remedies by one Party does not exclude the exercise of other rights, powers and remedies available to such Party.

 

    23

     

    
 

7.                  A Party’s failure to exercise or delay of the exercise of any of its rights, powers and remedies (hereinafter referred to as “Rights of Such Party”) under this Agreement or the laws will not result in the waiver of the Rights of Such Party, and any single or partial waiver of the Rights of Such Party does not exclude the Party’s exercise of the Rights of Such Party in other ways and the exercise of other Rights of Such Party.

 

7. Confidentiality

 

1.                  The Parties acknowledge and determine that any oral or written information exchanged with respect to this Agreement is confidential.  All Parties shall keep all such information confidential and shall not disclose any relevant information to any third party without the prior written consent of the other Parties, except in the following cases:

 

a)                 The public is aware of or will be aware of such information (not due to the disclosure to the public by one of the recipients);

 

b)                 Information required to be disclosed in accordance with the laws and regulations or the rules or regulations of the stock exchange or the requirements of the regulatory authorities;

 

c)                  The information required to be disclosed by any Party to its legal or financial adviser for the transactions described in this Agreement and the legal or financial adviser is also subject to confidentiality obligations similar to those of this Section; or

 

2.                  The disclosure of the secrets of the staff of any Party or the institution a Party employs shall be deemed to be the disclosure by such Party, and the Party shall be liable for breach of contract in accordance with this Agreement.

 

3.                  The Parties agree that the confidentiality provisions of this Section 7 will continue to be valid irrespective of whether this Agreement is invalid, altered, discharged, terminated or not operational.

 

8. Severability

 

1.                  If any one or more of the provisions of this Agreement are held to be invalid, illegal or unenforceable in any way under any law or regulation, the validity, legality or enforceability of the other provisions of this Agreement shall not be thereby subject to any influence or damage.  All Parties shall, through good faith consultations, seek to replace those invalid, illegal or unenforceable provisions with valid provisions to the greatest extent expected by the Parties and within the permission of the law, and the economic effects such effective provisions produce shall be similar to those invalid, illegal or unenforceable regulations.

 

    24

     

    
 

9. Term

 

1.                  This Agreement shall become effective on the date on which the Parties sign this Agreement, and shall automatically terminate when WFOE and/or other civil entities designated by the Proposed Listed Company have fully exercised their options to purchase all the (direct and indirect) equities held by Meten Education Shareholders in Domestic Affiliates in accordance with the Exclusive Call Option Agreement entered into on the date of this Agreement with the Domestic Affiliates and Meten Education Shareholders. WFOE may terminate this Agreement unilaterally after notice in thirty (30) days advance. Unless otherwise required by law, in any case, the Domestic Affiliates and Meten Education Shareholder have no right to terminate or discharge this Agreement unilaterally.

 

2.                  For the avoidance of doubt, according to the Exclusive Call Option Agreement, if the Chinese laws and regulations permit the WFOE and/or other foreign or overseas entities designated by the Proposed Listed Company to directly hold part or all of the shares and/or organizer rights of the Domestic Affiliates, and conduct restricted/prohibited business such as offline English training business and tourism business through the Domestic Affiliates, WFOE shall issue a notice of equity purchase within the fastest possible time, and the equity purchaser shall purchase the amount of (direct and indirect) equity from the Meten Education Shareholders not lower than the maximum amount of equity permitted to be held by the WFOE and/or other foreign or overseas entities designated by the Proposed Listed Company in the Domestic Affiliates under the laws of PRC at that time. This Agreement shall automatically terminate when the equity purchasers have fully exercised their options to purchase all the (direct and indirect) equities held by Meten Education Shareholders in Domestic Affiliates in accordance with the Exclusive Call Option Agreement.

 

10. Amendment

 

1.                  By agreement between the Parties to the Agreement and approval by the shareholders of the WFOE, the Parties to the Agreement may modify or supplement this Agreement and take all necessary steps and actions, and bear the corresponding expenses, so that any modification or supplement can be legally valid.

 

2.                  If [New York Stock Exchange] (hereinafter referred to as “[NYSE]”) or other regulatory authorities make any amendments to this Agreement, or any changes occur to any relevant rules, regulations or related requirements of [NYSE], related to this Agreement, this Agreement shall be revised by the Parties accordingly.

 

    25

     

    
 

11. Force Majeure

 

1.                  If the liability of the Parties under this Agreement shall not be fulfilled due to the event of force majeure, and the liability under this Agreement will be waived within the scope of force majeure.  For the purposes of this Agreement, force majeure events include only natural disasters, storms, tornadoes and other weather conditions, strikes, closures/shutdowns or other industry issues, wars, riots, conspiracy, enemy acts, terrorist acts or criminal organizations acts, blockades, serious illnesses or plagues, earthquakes or other crustal movements, floods and other natural disasters, bomb explosions or other explosions, fires, accidents, or government actions that result in failure to comply with this Agreement.

 

2.                  In the event of a force majeure event, the Party affected by the force majeure event shall endeavor to reduce and remove the effects of the force majeure event and assume the responsibility of performing the delayed and blocked obligations under the Agreement.  After the event of force majeure is resolved, the Parties agree to continue to perform this Agreement as far as possible.

 

3.                  In the event of a force majeure event that may result in delays, prevention or threats to delay or prevent the performance of this Agreement, the Parties shall immediately notify the other Parties in writing and provide all relevant information.

 

12. Change of Circumstances

 

1.                  If at any time, due to the enactment or revision of any Chinese laws, regulations or rules, or due to changes in the interpretation or application of such laws, regulations or rules, or due to changes in the registration procedures, which makes WFOE believe that the maintenance of this Agreement in effect and the performance of this Agreement becomes illegal or contrary to such laws, regulations or rules, Meten Education Shareholders and Domestic Affiliates shall immediately, following the written instructions of the WFOE and take any action and/or sign any agreement or other documents in accordance with the requirements of the WFOE. to:

 

(a)         keep this Agreement valid; and/or

 

(b)         fulfill the intent and purpose of this Agreement by ways prescribed under this Agreement or by other means.

 

    26

     

    
 

13. Miscellaneous

 

1.                  For the avoidance of doubt, each of the representations, warranties and covenants made by the Meten Education Shareholders under this Agreement shall be deemed to be made separately, and the above representations, warranties, covenants or any obligations under this Agreement will not constitute joint obligations between the Meten Education Shareholders.  Further, each obligations assumed by the Meten Education Shareholder to “procure”, “covenant”, “guarantee” or “agree” that Meten Education or other Domestic Affiliates shall act or shall not act under this Agreement only refer to the exercise of the rights by such shareholders according to the bylaws of Meten Education or other Domestic Affiliates or other agreements based on the respective shareholding ratios, or the exercise of voting rights at the shareholders’ meeting to support such acts or inaction, or the support of such acts or inaction by the designated or appointed directors or senior management personnel  in accordance with the provisions of bylaws or other agreements.  No shareholder shall assume any warranty or guarantee responsibility for the consequences of the act or inaction by Meten Education or other Domestic Affiliates beyond its rights as shareholders.

 

2.                  The Parties agree that, to the extent permitted by Chinese laws, WFOE may transfer its rights and obligations under this Agreement to other third parties as it may require.  WFOE is only required to give written notice to the other Parties at the time of the transfer and no further consent is required from such other Parties.

 

3.                  The Parties agree that, without WFOE ‘s prior written consent, the Domestic Affiliates and Meten Education Shareholders shall not transfer their rights and obligations under this Agreement to any other party.

 

4.                  In any case, if any equities of Meten Education are transferred to any third party other than the Meten Education Shareholders, Meten Education Shareholders are obliged to make the relevant transferee accept the rights and obligations under the Cooperation Agreements in writing and be bound by these rights and obligations.

 

5.                 
In any case, if the shareholder and/or organizer rights of the Domestic Affiliates are transferred to any third party other
than the existing shareholders and/or organizers of the Domestic Affiliates, Meten Education Shareholders and the existing shareholder
and/or organizers of Domestic Affiliates are obliged to make the relevant transferee accept the rights and obligations under the
Cooperation Agreements in writing and be bound by these rights and obligations.

 

6.                  This Agreement is drafted in Chinese and in eighty-three (83) counterparts, each of which shall be held by each Party to this agreement and has the same legal effect.

 

(Signature Pages Follow)

 

    27

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Zhuhai   Meizhilian Education Technology Co., Ltd. (seal)
    	
 
    
	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Yupeng Guo
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Shenzhen   Meten International Education Co., Ltd. (seal)
    	
 
    
	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Jishuang   Zhao
    	
 
    
	
 
    	
 
    
	
 
    	
ID card number: []
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Siguang   Peng
    	
 
    
	
 
    	
 
    
	
 
    	
ID card number: []
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Siguang Peng
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Yupeng   Guo
    	
 
    
	
 
    	
 
    
	
 
    	
ID card number: []
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Yupeng Guo
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Yun   Feng
    	
 
    
	
 
    	
 
    
	
 
    	
ID card number: []
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Yun Feng
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Jun   Yao
    	
 
    
	
 
    	
 
    
	
 
    	
ID card number: []
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Jun Yao
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Tong   Zeng
    	
 
    
	
 
    	
 
    
	
 
    	
ID card number: []
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Tong Zeng
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Yongchao   Chen
    	
 
    
	
 
    	
 
    
	
 
    	
ID card number: []
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Yongchao Chen
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Xinyu   Meilianzhong Investment Management Center (limited partnership) (seal)
    	
 
    
	
 
    	
 
    
	
 
    	
Signature of the   executing partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Siqi Huang
    	
 
    
	
 
    	
 
    
	
Xinyu   Meilianxing Investment Management Center (Limited Partnership) (seal)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Signature of the   executing partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Siqi Huang
    	
 
    
	
 
    	
 
    
	
Xinyu   Meilianchou Investment Management Center (Limited Partnership) (seal)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Signature of the executing   partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Siqi Huang
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Shenzhen   Daoge No. 21 Investment Partnership (Limited Partnership) (seal)
    	
 
    
	
 
    	
 
    
	
 
    	
Signature of the   executing partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Chenyang Xu
    	
 
    
	
 
    	
 
    
	
Shenzhen   Daoge No. 11 Education Investment Partnership (Limited Partnership)   (seal)
    	
 
    
	
 
    	
 
    
	
 
    	
Signature of the   executing partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Chenyang Xu
    	
 
    
	
 
    	
 
    
	
Shenzhen   Daoge Growth No. 3 Investment Fund Partnership (Limited Partnership)   (seal)
    	
 
    
	
 
    	
 
    
	
 
    	
Signature of the   executing partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Chenyang Xu
    	
 
    
	
 
    	
 
    
	
Shenzhen   Daoge Growth No. 6 Investment Fund Partnership (Limited Partnership)   (seal)
    	
 
    
	
 
    	
 
    
	
 
    	
Signature of the   executing partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Chenyang Xu
    	
 
    
	
 
    	
 
    
	
Shenzhen   Daoge Growth No. 5 Investment Fund Partnership (Limited Partnership)   (seal)
    	
 
    
	
 
    	
 
    
	
 
    	
Signature of the   executing partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Chenyang Xu
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Zhihan   (Shanghai) Investment Center (Limited Partnership) (seal)
    	
 
    
	
 
    	
 
    
	
 
    	
Signature of the   executing partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Junbao Shan
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Hangzhou   Muhua Equity Investment Fund Partnership (Limited Partnership) (seal)
    	
 
    
	
 
    	
 
    
	
 
    	
Signature of the   executing partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Shu Zhang
    	
 
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Meten Education (Shenzhen)   Co., Ltd. (seal)
    	
 
    	
Shenzhen Meten Qiancheng   International Education Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal representative/authorized   representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    
	
Shenzhen Yinglian Information   Consulting Co., Ltd. (seal)
    	
 
    	
Shenzhen Yingguo Information   Technology Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal representative/authorized   representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    
	
Lv Cheng Tian Xia International   Travel Service (Beijing) Co., Ltd. (seal)
    	
 
    	
Beijing Le Wen Xie Er Education   Consulting Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    
	
Beijing Meten Yingguo Education   Consulting Co., Ltd. (seal)
    	
 
    	
Beijing Meilianxing Education   Technology Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    

 

     

     

    
 

	
Beijing Meten Overseas   Technology Co., Ltd. (seal)
    	
 
    	
Chengdu Meten Education   Technology Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    
	
Chengdu Meten English Training   School Co., Ltd. (seal)
    	
 
    	
Meten Education (Dongguan)   Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal representative/authorized   representative:
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    
	
Dongguan Meten Education   Technology Co., Ltd. (seal)
    	
 
    	
Guangzhou Meten Education   Technology Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Huizhou Meten Education   Technology Co., Ltd. (seal)
    	
 
    	
Nanjing Meten Foreign Language   Training Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Ningbo Tangning Education   Information Consulting Co., Ltd. (seal)
    	
 
    	
Quanzhou Meten Education   Consulting Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Shaoxing Yuecheng Meten English   Training School Co., Ltd. (seal)
    	
 
    	
Suzhou Meten Education   Consulting Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal representative/authorized   representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Wuxi Meten Foreign Language   Training Co., Ltd. (seal)
    	
 
    	
Wuhan Meilianxing Teaching   Technology Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal representative/authorized   representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    

 

     

     

    
 

	
Chongqing Nan’an District   Xinlian English Training Co., Ltd. (seal)
    	
 
    	
Changzhou Meten Education   Technology Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Beijing Jingchengying Education   Network Technology Co., Ltd. (seal)
    	
 
    	
Beijing Jingchengying Education   and Culture Development Co., Ltd. (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Shenzhen Meten English Training   Center (seal)
    	
 
    	
Chengdu Wuhou District Meten   English Training School (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal representative/authorized   representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Chengdu Qingyang District Meten   English Training School (seal)
    	
 
    	
Mianyang City Peicheng District   Meten English Training School (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Dongguan Dongcheng Meten English   Training Center (seal)
    	
 
    	
Dongguan Nancheng Meten English   Training Center (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Meten English Training School,   Chancheng District, Foshan (seal)
    	
 
    	
Meten English Training Center,   Nanhai District, Foshan (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal representative/authorized   representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Meten Wanda English Training   Center, Nanhai District, Foshan (seal)
    	
 
    	
Daliang Meten English Training   Center, Shunde District, Foshan (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Meten English Training Center,   Tianhe District, Guangzhou (seal)
    	
 
    	
Meten English Training Center,   Pengjiang District, Jiangmen (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    

 

     

     

    
 

	
Nanchang Honggutan Meten   English Training School (seal)
    	
 
    	
Nanjing Qinhuai Meten English   Training School (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Ningbo Zhiyue Foreign Language   School (seal)
    	
 
    	
Zhiyue Education Training   School, Yinzhou District, Ningbo (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal representative/authorized   representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Meten English Training Center,   Huli District, Xiamen (seal)
    	
 
    	
Meten English Training Center,   Fengze District, Quanzhou (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Shenyang Meten English Training   School (seal)
    	
 
    	
Meten English Training Center,   High-Tech Zone, Suzhou (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Suzhou Meten English Training Center   (seal)
    	
 
    	
Meten English Training   Center, Industrial Park Zone, Suzhou (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Meten English Training School,   Donghu New Technology Development Zone, Wuhan (seal)
    	
 
    	
Meten English Training School,   Jianghan District, Wuhan (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal representative/authorized   representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Meten English Training School,   Hanyang District, Wuhan (seal)
    	
 
    	
Xi’an Meten English Training   Center (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    

 

     

     

    
 

	
Meten English Training School,   Kaifu District, Changsha (seal)
    	
 
    	
Zhongshan Meten English   Training Center (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Meten English Training Center,   East District, Zhongshan (seal)
    	
 
    	
Chongqing Yuzhong Meten English   Training School (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Meilian English Training   School, Jiulongpo District, Chongqing (seal)
    	
 
    	
Meten English Training School,   Jiangbei District, Chongqing (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Meten English Education   Training School, Shapingba District, Chongqing (seal)
    	
 
    	
ABC Foreign Language Training   School, Xicheng District, Beijing (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
ABC Foreign Language Training   School, Fengtai District, Beijing (seal)
    	
 
    	
Harbin ABC Foreign Language   School (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
ABC Foreign Language School,   Xiangfang District, Harbin (seal)
    	
 
    	
Harbin ABC Culture Training   School (seal)
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Signature of legal   representative/authorized representative:
    	
 
    	
 
    	
Signature of legal   representative/authorized representative:
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
/s/ Jishuang Zhao
    	
 
    	
 
    	
/s/ Jishuang Zhao
    

 

     

     

    
 

(Signature Page of the Business Cooperation Agreement)

 

	
Changsha   Kaifu District Xinlian English Training Co., Ltd. (seal)
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Signature of the   executing partner/authorized representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
/s/ Yupeng Guo
    	
 
    

 

     

     

    
 

Annex I: Domestic Affiliates

 

1.                  Shenzhen Meten International Education Co., Ltd.

2.                  Meten Education (Shenzhen) Co., Ltd.

3.                  Shenzhen Meten Qiancheng International Education Co., Ltd.

4.                  Shenzhen Yinglian Information Consulting Co., Ltd.

5.                  Shenzhen Yingguo Information Technology Co., Ltd.

6.                  Lv Cheng Tian Xia International Travel Service (Beijing) Co., Ltd.

7.                  Beijing Le Wen Xie Er Education Consulting Co., Ltd.

8.                  Beijing Meten Yingguo Education Consulting Co., Ltd.

9.                  Beijing Meilianxing Education Technology Co., Ltd.

10.           Beijing Meten Overseas Technology Co., Ltd.

11.           Chengdu Meten Education Technology Co., Ltd.

12.           Chengdu Meten English Training School Co., Ltd.

13.           Dongguan Meten Education Technology Co., Ltd.

14.           Meten Education (Dongguan) Co., Ltd.

15.           Guangzhou Meten Education Technology Co., Ltd.

16.           Huizhou Meten Education Technology Co., Ltd.

17.           Ningbo Tangning Education Information Consulting Co., Ltd.

18.           Shaoxing Yuecheng Meten English Training School Co., Ltd.

19.           Wuxi Meten Foreign Language Training Co., Ltd.

20.           Chongqing Nan’an District Xinlian English Training Co., Ltd.

21.           Nanjing Meten Foreign Language Training Co., Ltd.

22.           Quanzhou Meten Education Consulting Co., Ltd.

23.           Suzhou Meten Education Consulting Co., Ltd.

24.           Wuhan Meilianxing Teaching Technology Co., Ltd.

25.           Changzhou Meten Education Technology Co., Ltd.

26.           Beijing Jingchengying Education Network Technology Co., Ltd.

27.           Shenzhen Meten English Training Center

28.           Beijing Jingchengying Education and Culture Development Co., Ltd.

29.           Chengdu Wuhou District Meten English Training School

30.           Chengdu Qingyang District Meten English Training School

31.           Dongguan Dongcheng Meten English Training Center

32.           Meten English Training School, Chancheng District, Foshan

33.           Meten Wanda English Training Center, Nanhai District, Foshan

34.           Meten English Training Center, Tianhe District, Guangzhou

35.           Nanchang Honggutan Meten English Training School

36.           Ningbo Zhiyue Foreign Language School

37.           Mianyang City Peicheng District Meten English Training School

38.           Dongguan Nancheng Meten English Training Center

39.           Meten English Training Center, Nanhai District, Foshan

40.           Daliang Meten English Training Center, Shunde District, Foshan

41.           Meten English Training Center, Pengjiang District, Jiangmen

 

     

     

    
 

42.           Nanjing Qinhuai Meten English Training School

43.           Zhiyue Education Training School, Yinzhou District, Ningbo

44.           Meten English Training Center, Huli District, Xiamen

45.           Shenyang Meten English Training School

46.           Suzhou Meten English Training Center

47.           Meten English Training School, Donghu New Technology Development Zone, Wuhan

48.           Meten English Training School, Hanyang District, Wuhan

49.           Meten English Training School, Kaifu District, Changsha

50.           Meten English Training Center, East District, Zhongshan

51.           Meten English Training Center, Fengze District, Quanzhou

52.           Meten English Training Center, High-Tech Zone, Suzhou

53.           Meten English Training Center, Industrial Park Zone, Suzhou

54.           Meten English Training School, Jianghan District, Wuhan

55.           Xi’an Meten English Training Center

56.           Zhongshan Meten English Training Center

57.           Chongqing Yuzhong Meten English Training School

58.           Meilian English Training School, Jiulongpo District, Chongqing

59.           Meten English Education Training School, Shapingba District, Chongqing

60.           ABC Foreign Language Training School, Fengtai District, Beijing

61.           ABC Foreign Language School, Xiangfang District, Harbin

62.           Meten English Training School, Jiangbei District, Chongqing

63.           ABC Foreign Language Training School, Xicheng District, Beijing

64.           Harbin ABC Foreign Language School

65.           Harbin ABC Culture Training School

66.           Changsha Kaifu District Xinlian English Training Co., Ltd.

 

     

     

    
 

Annex II: Meten Education Shareholders

 

1.                  Jishuang Zhao

2.                  Siguang Peng

3.                  Yupeng Guo

4.                  Yun Feng

5.                  Jun Yao

6.                  Tong Zeng

7.                  Yongchao Chen

8.                  Xinyu Meilianzhong Investment Management Center (Limited Partnership)

9.                  Xinyu Meilianxing Investment Management Center (Limited Partnership)

10.           Xinyu Meilianchou Investment Management Center (Limited Partnership)

11.           Shenzhen Daoge No.21 Investment Partnership (Limited Partnership)

12.           Shenzhen Daoge No.11 Education Investment Partnership (Limited Partnership)

13.           Shenzhen Daoge Growth No. 3 Investment Fund Partnership (Limited Partnership)

14.           Shenzhen Daoge Growth No. 6 Investment Fund Partnership (Limited Partnership)

15.           Shenzhen Daoge Growth No. 5 Investment Fund Partnership (Limited Partnership)

16.           Zhihan (Shanghai) Investment Center (Limited Partnership)

17.           Hangzhou Muhua Equity Investment Fund Partnership (Limited Partnership)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}]]