Document:

English Translation of Technology Service Agreement

 Exhibit 10.23 

Technology Service Agreement 

Between 
 Suzhou
Wenjian Venture Investment Management 
 Consulting Co., Ltd. 

And 
 Beijing
Ambow Online Software Co., Ltd. 
 February 25, 2009 

 This Technology Service Agreement (this “Agreement”) is entered into by the following parties on
February 25, 2009: 
 (1) Suzhou Wenjian Venture Investment Management Consulting Co., Ltd. (“Party A”), a limited liability
company duly established and validly existing under the laws of the People’s Republic of China (“China”), with its registered address at 209 Zhuyuan Road, Gaoxin District, Suzhou; and 

(2) Beijing Ambow Online Software Co., Ltd. (“Party B”), a limited liability company duly established and validly existing under the laws of
China, with its registered address at 18th Floor, Building A, Chengjian Plaza, No.18, BeiTaiPingZhuang Road, Haidian District, Beijing. 

WHEREAS: 
 (1) Party A is a limited liability
company primarily engaging in investment consulting, business administration, information consulting; holding exhibitions and shows, and organizing culture and art exchange activities; 

(2) Party B has expertise and experience in the design and development of software and hardware; 

(3) Party A and Party B (collectively referred to as the “Parties”) plan to promote their business development by mutual cooperation and
developing their respective advantages. 
 NOW THEREFORE, the Parties agree as follows through friendly consultations: 

Section 1 – Terms of Service 

1.1 Party A hereby agrees to engage Party B as Party A’s exclusive technology service provider, and Party B hereby agrees to accept such engagement.

 1.2 Party A agrees that it shall not engage any other third party as its technology service provider without Party B’s prior written
consent during the term of this Agreement. 
 1.3 Party A agrees that Party B shall have the right to provide other entities or individuals with
the technology service equivalent or similar to the services provided under this Agreement and to appoint other entities or individuals to provide the technology services hereunder. 

Section 2 – Scope of Technology Service 

2.1 Party B shall be responsible for providing Party A with programs relating to education and training and development of relevant computer software and
hardware. 
 2.2 Party B shall provide Party A’s employees with proper training, technical support and assistance, including without
limitation training and technical support for education programs, development of computer software and hardware. 

 2.3 Party B shall provide administration and consulting services necessary for Party A’s business
operations, including without limitation administration and consulting for education programs. 
 Section 3 – Service Fee

 3.1 Party B shall provide Party A with an invoice based on the price agreed upon by the Parties in accordance with its workload. Party A
shall pay Party B relevant service fee in accordance with the date and amount specified in such invoice. Party A and Party B may have other arrangements in connection with the payment of service fee at any time by mutual agreement. 

Section 4 – Confidentiality 

4.1 The Parties acknowledge that, during the term of this Agreement, either Party may obtain (1) the other Party’s non-public information,
technical data, trade secrets or know-how relating to the actual and expected business or research and development of either Party, including without limitation research, product plans or other information relating to either Party’s products or
services or promotions for products or services, customers’ lists and customers, software, development, invention, processes, formula, technologies, designs, drawings, engineering, hardware configuration information, marketing, financial or
other business information, and (2) any third party’s confidential or proprietary information for which either Party assume confidentiality obligations and which shall be only used for certain limited purposes (“Confidential
Information”). The Confidential Information does not include (1) any information that one Party already knows at the time such information is disclosed to such Party by the other Party; (2) any information that becomes public known or
generally available not because of either Party’s illegal conduct; or (3) the information lawfully obtained by one Party from a third party authorized to make the disclosure. 

4.2 Either Party will take reasonable measures to keep confidential the other Party’s Confidential Information and prevent disclosure and
unauthorized use of such Confidential Information. Without limiting the foregoing, the Parties will at least take such measures as it will take for its own Confidential Information. Unless as reasonable required for the performance of its
obligations hereunder or unless as the other Party approves in writing, neither Party shall make any copy of the other Party’s Confidential Information. Either Party shall reproduce the other Party’s proprietary rights notices on any
approved copy in the manner in which such notice was set forth in or on the original. 
 4.3 Either Party shall (1) not disclose such
Confidential Information to any person other than any of its directors, employees, authorized agents or independent contractors who need to know such Confidential Information to perform their duties hereunder; (2) only use Confidential
Information for the purposes of fully performing its obligations hereunder; and (3) ensure any person from such Party who knows Confidential Information comply with the confidentiality obligations and other restrictive provisions hereunder as
if such person were a party hereto. If one Party is required by law to disclose the other Party’s Confidential Information, such Party shall promptly notify the other Party in writing of such requirement prior to the disclosure, and shall
assist the other Party in securing the order to protect such information against public disclosure. Neither Party shall reverse engineer, dissemble or decompile any prototype, software or any tangible object that contains the other Party’s
Confidential Information and that is provided to such Party. 

 4.4 Either Party further agrees to return to the other Party all written Confidential Information obtained
from the other Party upon termination of this Agreement or at any other time requested by the other Party. 
 Section 5 –
Intellectual Property 
 5.1 The Parties acknowledge and agree that Party B shall exclusively own all technical data, software, findings,
inventions, developments, trade secrets, copyrights, documents and other materials improved or prepared by Party B under this Agreement, whether they are patentable or copyrighted. 

5.2 If Party A makes improvements to “intellectual property”, such improvements shall be Party B’s exclusive proprietary property. Party A
hereby transfers to Party B all of its rights, title and interests in and to such improvements. 
 Section 6 – Independent
Contractor 
 The Parties expressly acknowledge and agree that Party B performs all the technology services hereunder as an independent
contractor, and shall not be deemed to enter into any partnership, joint venture or other relationships of substantially the same or similar nature with Party A. 

Section 7 – Representations and Warranties 

Party A represents and warrants that: 
 (1)
Party A is a company duly registered and validly existing under the laws of China; 
 (2) Party A’s execution and performance of this
Agreement is within its corporate power and business scope; it has taken necessary corporate action and obtained proper authorization as well as the consents and approvals of third parties and government departments; and it does not violate any
legal or corporate restrictions binding upon or affecting it. 
 (3) Upon execution, this agreement shall constitute Party A’s legal, valid
and binding obligations that may be enforced against it in accordance with the terms hereof. 
 7.2 Party B represents and warrants that:

 (1) Party B is a company registered and validly existing under the laws of China; 

(2) Party B’s execution and performance of this Agreement is within its corporate power and business scope; it has taken necessary corporate action
and obtained proper authorization as well as the consents and approvals of third parties and government departments; and it does not violate any legal or corporate restrictions binding upon or affecting it. 

 (3) Upon execution, this agreement shall constitute Party B’s legal, valid and binding obligations that
may be enforced against it in accordance with the terms hereof. 
 Section 8 – Liability for Breach 

8.1 Either Party’s direct or indirect violation of any provisions hereof or failure to perform its obligation hereunder or failure to perform such
obligation in a timely and adequate manner shall constitute breach of this Agreement. The non-breaching Party (“Non-Breaching Party”) shall have the right to require the breaching Party (“Breaching Party”) by written notice to
redress its breach. 
 8.2 After the occurrence of the breach, if, according to the reasonable and objective judgment of the Non-Breaching
Party, such breach has made it impossible or unfair for the Non-Breaching Party to perform its relevant obligations hereunder, then the Non-Breaching Party shall have the right to notify the Breaching Party in writing that the Non-Breaching Party
will suspend the performance of its relevant obligations hereunder until the Breaching Party ceases such breach. 
 8.3 Party B’s liability
arising out of this Agreement shall be limited to the amount of service fee received by Party B hereunder. In no event shall Party B be liable for any special, incidental, indirect or direct damages arising out of this Agreement. 

Section 9 – Force Majeure 
 9.1
“Force Majeure” means any event that is beyond the reasonable control of the Parties hereto, unable to be foreseen or unable to be overcome even foreseen, which impedes, affects or delays either Party’s performance of all or part of
its obligations under this Agreement. Such event includes without limitation any government act, act of God, war, hacker attack or any other similar event. 

9.2 The Party affected by a Force Majeure event may suspend the performance of its relevant obligations hereunder that cannot be performed due to the
Force Majeure until the effect of such Force Majeure event is eliminated, and shall not be held liable for such suspension. However, such Party shall use its best endeavor to overcome such event and mitigate its negative effect. 

9.3 The Party affected by a Force Majeure event shall provide the other Party with a legitimate certificate issued by a notary public (or other proper
agency) in the place where such event occurs to evidence the occurrence of such Force Majeure event. If such Party cannot provide such certificate, the other Party may hold such Party liable for breach in accordance with the provisions hereof.

 Section 10 – Effectiveness and Term 

10.1 This Agreement shall come into effect from the date when it is signed by the Parties’ authorized representatives. This Agreement shall remain
effective unless it is terminated in accordance with the provisions hereof. 

 Section 11 – Termination 

11.1 Party B shall have the right to terminate this Agreement at any time during the term of this Agreement upon fifteen (15) days’ notice to
Party A. 
 11.2 If Party A materially or continually breaches this Agreement, and fails to remedy such breach within fourteen (14) days
upon receipt of Party B’s notice specifying details of such breach (to the extent such breach is remediable), Party B shall have the right to terminate this Agreement immediately by sending a written notice of termination to Party A.

 11.3 This Agreement may be terminated at any time by a written agreement between Party A and Party B. 

Section 12 – Non-solicitation 

Party A shall not take the following actions directly or indirectly in any manner for its own, any other individual or entity’s account, or together
with any other individual or entity: (1) causing any employee of Party B to terminate his employment with Party B by solicitation, including employing or encouraging such employee; or attempting to solicit, induce, employ or encourage any
employee of Party B. (2) causing any existing or previous client of Party A to terminate its business relationship with Party B. 

Section 13 – Dispute Resolution 

13.1 If any dispute arises in connection with the interpretation and performance of this Agreement, the Parties hereto shall first resolve such dispute in
good faith through discussions. If no agreement can be reached within sixty (60) days after one Party receives the notice of the other Party requesting the beginning of discussions or any longer period agreed upon separately by the Parties,
either Party shall have the right to submit such dispute to the China International Economic and Trade Arbitration Commission for arbitration in accordance with its then effective rules. The award of the arbitration shall be final and binding upon
the Parties. 
 13.2 If any dispute arises in connection with the interpretation and performance of this Agreement, or such dispute is under
arbitration, either Party shall continue to have the rights hereunder other than those in dispute and perform the obligations hereunder other than those in dispute. 

Section 14 – Governing Law 

The execution, validity, performance, interpretation and enforcement of this Agreement shall be governed by the laws of China. 

Section 15 – Assignment 
 15.1
Party A shall not assign its rights and obligations hereunder to any third party without Party B’s prior written consent. 

 15.2 Party A hereby agrees that Party B may assign its rights and obligations hereunder to any third party
at its sole discretion, and Party B only needs to send a written notice to Party A upon such assignment without obtaining Party A’s consent. 

15.3 This Agreement shall inure to and be binding upon the Parties and their respective successors and permitted assigns. 

Section 16 – Severability 
 If
any provision herein becomes partly or wholly invalid or unenforceable for violation of laws or government regulations or other reasons, then the part of such provision that is affected shall be deemed as deleted. However, the deletion of such part
of such provision shall not affect the legal effect of other parts of such provision or the other provisions herein. The Parties shall cease to execute such invalid or unenforceable provision, and modify such provision so that it has the closest
intent to the original provision and becomes valid and enforceable under relevant facts and circumstances. 
 Section 17 –
Amendment and Supplement 
 The Parties may amend and supplement this Agreement by written agreement. Any amendments or supplements in
connection with this Agreement that are duly signed by the Parties are part of this Agreement, and shall have the same force and effect as this Agreement. 

Section 18 – Miscellaneous 

18.1 The headings herein are for convenience only, and shall not affect the interpretation of any provisions hereof. 

18.2 Unless otherwise provided herein, either Party’s failure to exercise or delay in exercising any of its rights or powers hereunder shall not be
construed as a waiver of such rights or powers. Any single or partial exercise of any rights or powers shall not preclude the exercise of other rights or powers. 

18.3 This Agreement shall supersede any prior or concurrent verbal or written agreement, understanding and communication between the Parties in
connection with this Agreement. The Parties do not have any express or implied obligations or undertakings for the subject matter herein except those specified in this Agreement. 

 IN WITNESS HEREOF, the duly authorized representatives of the Parties have executed this Agreement on the
date first above written. 
 Party A: Suzhou Wenjian Venture Investment Management Consulting Co., Ltd. 

(Corporate Seal) 
  

			
	Authorized Representative:	 	 /s/ Xuejun Xie

			
	Name:	 	Xuejun Xie

 Party A: Beijing Ambow Online Software Co.,
Ltd. (Corporate Seal) 
  

			
	Authorized Representative:	 	 /s/ Jin Huang

			
	Name:	 	Jin HuangEnglish Translation of Share Pledge Agreement

 Exhibit 10.24 

Share Pledge Agreement 

Between 

Beijing Ambow Online Software Co., Ltd. 

And 

Xiaogang Feng, Xuejun Xie and Yisi Gu 

February 25, 2009 

 Share Pledge Agreement 

This Share Pledge Agreement (this “Agreement”) is entered into by and among the following parties on February 25, 2009: 

Pledgee: Beijing Ambow Online Software Co., Ltd. 

Legal Representative: Jin Huang 
 Principal
Office: 18th Floor, Building A, Chengjian Plaza, No.18 BeiTaiPingZhuang Road, Haidian District, Beijing 100088, People’s Republic of China 

Pledgor 1: Xiaogang Feng 
 Pledgor 2:
Xuejun Xie 
 Pledgor 3: Yisi Gu 

(Pledgor 1, Pledgor 2 and Pledgor 3 are collectively referred to as “Pledgors”) 

WHEREAS: 
 (1) Beijing Ambow Online Software
Co., Ltd. entered into Technology Service Agreement with Suzhou Wenjian Venture Investment Management Consulting Co., Ltd. (“Suzhou Wenjian”) on February 25, 2009 (“Technology Service Agreement”); 

(2) Pledgor 1, Pledgor 2 and Pledgor 3 are the shareholders of Suzhou Wenjian, the registered capital of which is RMB 1 million, holding 40%
(contribution of RMB 400 thousand), 30% (contribution of RMB 300 thousand) and 30% (contribution of RMB 300 thousand) of the equity interest in Suzhou Wenjian respectively; 

(3) Pledgors agree to pledge all of their equity interests in Suzhou Wenjian to Pledgee as a security for Suzhou Wenjian’s performance of its
obligations under the Technology Service Agreement. 
 NOW THEREFORE, the Parties agree as follows after friendly consultations: 

1. Definitions 
 1.1 Unless otherwise
specified herein, all of the following terms shall have the meanings defined below. 
 1.1.1 “Secured Debt” means the payment
obligation and other relevant obligations to Pledgee assumed by Suzhou Wenjian under Technology Service Agreement, liquidated damage and other relevant costs, and all costs (including attorney fees) and other amounts paid by Pledgee to realize
Pledgee’s rights under Technology Service Agreement in the event that Suzhou Wenjian commits a breach. 
 1.1.2 “Pledged Equity”
means the 40%, 30% and 30% equity interest owned by each Pledgor respectively and all rights relating to such equity. 

 2. Equity Pledge 

2.1 Each Pledgor hereby pledges the Pledged Equity to Pledgee (“Pledge”) as a security for the full discharge of the Secured Debt. 

2.2 Each Pledgor shall provide the following documents to Pledgee within two (2) days of execution of this Agreement: 

2.2.1 The capital contribution certificates issued by Suzhou Wenjian to Pledgors to evidence Pledgors’ legal ownership of the Pledged
Equity; and 
 2.2.2 All other information and documents reasonably requested by Pledgee. 

2.3 Pledgors shall proceed with registering the Pledge on the register of shareholders of Suzhou Wenjian within two (2) days upon execution of this
Agreement, and affix Suzhou Wenjian’s corporate seal to the photocopy of such register of shareholders and provide the photocopy to Pledgee. In addition, they shall obtain all registrations relating to the Pledge from competent governmental
authorities. 
 3. Scope of Security 

3.1 The Pledged Equity hereunder offers security for: 

3.1.1 The Secured Debt defined in Section 1.1.1 hereof; and 

3.1.2 The costs paid by Pledgee to realize the pledge to which Pledgee is entitled hereunder. 

4. Term of Pledge 
 4.1 The term of valid
existence of the pledge to which Pledgee is entitled hereunder is from the effective date of this Agreement to the third anniversary of the full discharge of the last Secured Debt (“Term of Pledge”). 

5. Exercise of Pledge 
 5.1 If
(a) Suzhou Wenjian fails to fulfill its payment obligation or other related obligations to Pledgee in accordance with the provisions of Technology Service Agreement, or (b) Pledgors breach their duties or obligations hereunder, Pledgee
shall have the right to manage the pledge in any manner at any time it deems appropriate to the extent permitted by applicable laws during the Term of Pledge, including without limitation: 

5.1.1 To negotiate with Pledgors to discharge the Secured Debt with the Pledged Equity at a discount rate; 

5.1.2 To sell off the Pledged Equity and use the proceeds thereof to discharge the Secured Debt; 

5.1.3 To retain a relevant agency to auction all or part of the Pledged Equity; and/or 

 5.1.4 To otherwise dispose of the Pledged Equity appropriately to the extent permitted by
applicable laws. 
 5.2 In the course of Pledgee’s disposal of the Pledged Equity as specified in the preceding section, Pledgee shall have
the right to take any actions permitted by law to realize any of its rights hereunder. 
 5.3 As requested by Pledgee, Pledgors shall assist
Pledgee in obtaining all necessary approvals or consents in connection with Pledgee’s realization of its rights to debt and pledge. 
 5.4
All amounts received due to Pledgee’s exercise of its pledge shall be used in the following order of priority subject to the other provisions hereof: 

5.4.1 First, such amounts shall be used to pay all taxes and costs incurred by Pledgee because of its exercise of the pledge and/or other
rights hereunder; 
 5.4.2 Second, such amounts shall be used by Pledgee to discharge the Secured Debt according to law;

 5.4.3 Any remaining balance shall be paid to Pledgors or anyone who is entitled to such balance (without interest).

 6. Termination of Pledge 

6.1 The pledge shall be terminated automatically upon expiration of the Term of Pledge. If, the Secured Debt is fully discharged at any time during the
Term of Pledge and Pledgors shall no longer assume any obligations or duties hereunder, then the pledge to which each Pledgor is entitled hereunder shall be eliminated from the date when the Secured Debt is fully discharged. In such case, as
requested by Pledgors, Pledgee shall sign a written document to terminate the equity pledge created hereunder and submit such documentation to Pledgors, or assist Pledgors in handling other procedures for terminating the equity pledge hereunder.

 6.2 Subject to the provisions in the preceding paragraph, the equity pledge hereunder shall not be terminated without Pledgee’s prior
written consent. 
 7. Nature of Security 

7.1 The security created hereunder shall not be affected by any other security held by Pledgee for the Secured Debt, and shall not affect the
effectiveness of any other security. 
 7.2 The security created hereunder and Pledgee’s rights hereunder shall not be terminated or
affected due to the following circumstances: 
 7.2.1 Any grace, termination or relief granted by Pledgee in connection with any
person’s debt; 

 7.2.2 Any amendment, modification or supplement to Technology Service Agreement; 

7.2.3 Any disposal, modification or termination of any other security in connection with the Secured Debt; 

7.2.4 A settlement entered into between Pledgee and any person in connection with any claims of such person; 

7.2.5 Any delay, act or omission of Pledgee in the exercise of its rights; 

7.2.6 Any other event that may affect Pledgors’ obligations hereunder. 

8. Special Provisions 
 8.1 Without
Pledgee’s prior written consent, Pledgors shall not assign any of their rights or obligations hereunder to any other party. 
 8.2 Pledgee
shall have the right to assign to any third party any of its rights or obligations hereunder and any of its rights or obligations under other agreements contemplated by this Agreement at any time without Pledgors’ prior consent. In such case,
Pledgors must unconditionally cooperate with Pledgee in handling the procedures for the transfer of relevant rights and obligations, including without limitation signing an agreement on the change of the relevant contractual party. 

8.3 Upon effectiveness of this Agreement, unless Pledgee makes a written decision to the contrary and notify Pledgors of such decision, Pledgors shall be
obligated to continue to comply with legal requirements relating to the Pledged Equity and perform all rights and obligations in connection with the Pledged Equity, and perform the due care and good faith obligations that a shareholder shall
perform. 
 8.4 Pledgee shall assume no obligation or legal liability whatsoever for the Pledged Equity, nor shall it perform any obligations
assumed by Pledgors for the Pledged Equity. Without prejudice to Pledgee’s rights hereunder, Pledgee shall not assume any obligation or legal liability for the Pledged Equity to any other person under this Agreement. 

8.5 Pledgors shall promptly notify Pledgee of any event that may affect the Pledged Equity or the value thereof, or that may impede, prejudice or delay
Pledgee’s performance of its rights as a shareholder of Suzhou Wenjian. Each of Pledgors hereby agrees to sign a power of attorney (“Power of Attorney”) on the even date herewith, appointing Beijing Ambow Online Software Co., Ltd. as
its initial attorney-in-fact to: (i) exercise all voting rights he enjoys as a shareholder of Suzhou Wenjian, and (ii) sign on behalf of such Pledgor any resolutions adopted by the shareholders’ meetings of Suzhou Wenjian, and any
other documents that are related to such Pledgor’s performance of his or her rights as a shareholder of Suzhou Wenjian. The attorney-in-fact shall perform its duties in good faith, aiming to maximize the value of the Pledged Equity hereunder,
and its acts shall be in compliance with applicable Chinese laws in all respects. The form of the initial Power of Attorney to be signed by each Pledgor is set forth in Appendix 1 attached hereto. 

 8.6 Without Pledgee’s prior written consent, each Pledgor shall not conduct any of the following
activities: 
 8.6.1 Making a proposal to amend the articles of association of Suzhou Wenjian or causing the making of such proposal; increasing
or reducing its registered capital, or otherwise changing its registered capital structure; 
 8.6.2 Creating any further security, encumbrances
and any third party’s rights on the Pledged Equity in addition to the pledge created hereunder; 
 8.6.3 Performing any act that may
prejudice any rights of Pledgee hereunder, or any act that may materially affect the assets, business and/or operations of Suzhou Wenjian; 

8.7 Without Pledgee’s prior written consent, each Pledgor shall not transfer or dispose of the Pledged Equity in any way. 

8.8 Pledgors agree to take other necessary actions and enter into other necessary agreements to give effect to the provisions hereof and other agreements
contemplated hereby. 
 9. Representations, Undertakings and Warranties 

9.1 Each Pledgor hereby represents, undertakes and warrants to Pledgee that: 

9.1.1 Each Pledgor has the lawful eligibility and necessary authority to enter into this Agreement and has the capacity to fully perform
any of his or her rights hereunder; 
 9.1.2 Each Pledgor has the sole ownership of the Pledged Equity and has lawful, complete
and full ownership of the his or her pledged equity hereunder; 
 9.1.3 Except the pledge created hereunder, each Pledgor has not
created or allowed the creation of any security rights or any third party’s rights or encumbrances on the Pledged Equity without Pledgee’s prior written consent; there is no dispute over the ownership of such Pledged Equity, which is not
subject to any lien or other legal proceedings and can be used for pledge or transfer in accordance with applicable laws; 

9.1.4 There is no existing, pending or threat of legal proceedings, arbitrations or administrative proceedings against the Pledged Equity;

 9.1.5 Pledgor’s execution of this Agreement, exercise of his or her rights hereunder, or performance of his or her
obligations hereunder will not violate any agreements, contracts or laws and regulations applicable to Pledgor and his or her property; 

9.1.6 The pledge created hereunder shall constitute valid security for the secured Debt, which can be executed on its terms; 

 9.1.7 All documents delivered by Pledgors to Pledgee in connection with this Agreement are
true, complete and correct in all material respects, and there is no omission that may cause any information therein to become incorrect or misleading in any material respect; 

9.1.8 This Agreement shall constitute a legal, valid and binding obligation of Pledgors, and may be enforced in accordance with the
application of Pledgee to competent authorities under this Agreement; 
 9.1.9 From the date of this Agreement to the expiration
of the Term of Pledge, Pledgors shall not transfer or dispose of any part or all of the interests in the Pledged Equity to any third party without Pledgee’s prior written consent; 

9.1.10 Pledgors shall be responsible for applying to relevant government departments for and completing all registrations in connection
with the pledge hereunder. Pledgors shall be liable for all consequences arising in the event such pledge cannot take effect due to their failure to perform such obligation. 

9.2 Pledgee hereby represents, undertakes and warrants to Pledgors that: 

9.2.1 Pledgee is a limited liability company duly established and validly existing, and has the authority to enter into this Agreement and
is able to perform its obligations hereunder; 
 9.2.2 Pledgee has obtained all authorities and consents necessary for the
execution and performance of this Agreement. 
 10. Liability for Breach 

10.1 Either Party’s direct or indirect violation of any provisions hereof or failure to assume its obligations hereunder or failure to assume such
obligations in a timely and adequate manner shall constitute breach of this Agreement. The non-breaching Party (“Non-Breaching Party”) shall have the right to require the breaching Party (“Breaching Party”) by written notice to
redress its breach and take adequate, effective and timely measures to eliminate the consequences of such breach, and indemnify against the losses incurred by the Non-Breaching Party due to the breach of the Breaching Party. 

10.2 After the occurrence of the breach, if, according to the reasonable and objective judgment of the Non-Breaching Party, such breach has made it
impossible or unfair for the Non-Breaching Party to perform its relevant obligations hereunder, then the Non-Breaching Party shall have the right to notify the Breaching Party in writing that the Non-Breaching Party will suspend the performance of
its relevant obligations hereunder until the Breaching Party ceases such breach and takes adequate, effective and timely measures to eliminate the consequences of such breach, and indemnify against the losses incurred by Non-Breaching Party due to
the breach. 

 10.3 The losses incurred by the Non-Breaching Party which shall be indemnified against by the Breaching
Party due to its breach are the direct economic losses incurred by the Non-Breaching Party due to the Breaching Party’s breach and any expectable indirect losses and additional costs, including without limitation attorney fees, litigation and
arbitration costs, financial costs and travel expenses, etc. 
 11. Force Majeure 

11.1 “Force Majeure” means any event that is beyond the reasonable control of any or all Parties hereto, unable to be foreseen or unable to be
overcome even foreseen, which impedes, affects or delays any party’s performance of all or part of its obligations under this Agreement. Such event includes without limitation any government act, act of God, war, hacker attack or any other
similar event. 
 11.2 The Party affected by a Force Majeure event may suspend the performance of its relevant obligations hereunder that cannot
be performed due to the Force Majeure until the effect of such Force Majeure event is eliminated, and shall not be held liable for such suspension. However, such Party shall use its best endeavor to overcome such event and mitigate its negative
effect. 
 11.3 The Party affected by a Force Majeure event shall provide the other Parties with a legitimate certificate issued by a notary
public (or other proper agency) in the place where such event occurs to evidence the occurrence of such Force Majeure event. If such Party cannot provide such certificate, the other Parties may hold such Party liable for breach in accordance with
the provisions hereof. 
 12. Effectiveness and Termination 

12.1 This Agreement shall come into effect upon satisfaction of both conditions below: 

12.1.1 It has been duly executed by Pledgors and Pledgee; and 

12.1.2 The pledge hereunder is registered on the register of shareholders of Suzhou Wenjian. 

12.2 This Agreement shall be terminated upon any of the following circumstances: 

12.2.1 in accordance with Section 6 hereof; 

12.2.2 by mutual agreement of Pledgee and Pledgors; 

12.2.3 by the consent of Pledgee. 

12.3 The termination of this Agreement shall not affect the Parties’ rights and obligations arising hereunder prior to the expiration date of this
Agreement. 

 13. Dispute Resolution 

13.1 If any dispute arises between the Parties in connection with the interpretation and performance of the provisions hereunder, the Parties shall
resolve such dispute in good faith through discussions. If no agreement can be reached within sixty (60) days after one Party receives the notice of the other Party requesting the beginning of discussions or as otherwise agreed, either Party
shall have the right to submit such dispute to the China International Economic and Trade Arbitration Commission for arbitration in accordance with its then effective rules. The arbitration shall be held in Beijing. The award of the arbitration
shall be final and binding upon the Parties. 
 13.2 If any dispute arises in connection with the interpretation and performance of this
Agreement, or such dispute is under arbitration, either Party shall continue to have the rights hereunder other than those in dispute and perform the obligations hereunder other than those in dispute. 

13.3 The conclusion, effectiveness, enforcement and interpretation of this Agreement shall be governed by the Chinese laws. 

14. Miscellaneous 
 14.1 The headings
herein are for convenience only, and shall not affect the interpretation of any provisions hereof. 
 14.2 The Parties may amend and supplement
this Agreement by written agreement. Any amendments or supplements executed by the Parties, if any, are part of this Agreement, and shall have the same force and effect as this Agreement. 

14.3 If any provision herein becomes partly or wholly invalid or unenforceable for violation of laws or government regulations or other reasons, then the
part of such provision that is affected shall be deemed as deleted. However, the deletion of such part of such provision shall not affect the legal effect of other parts of such provision or the other provisions herein. The Parties shall cease to
execute such invalid or unenforceable provision, and modify such provision so that it has the closest intent to the original provision and becomes valid and enforceable in connection with such facts and circumstances. 

14.4 Unless otherwise provided herein, either Party’s failure to exercise or delay in exercising any of its rights or powers hereunder shall not be
construed as a waiver of such rights or powers. Any single or partial exercise of any rights or powers shall not preclude the exercise of other rights or powers. 

14.5 This Agreement shall be binding upon the Parties and their respective successors and permitted assigns. Pledgee shall have the right to transfer to
any other third party the rights hereunder and other agreements contemplated hereby at its sole discretion without Pledgors’ consent. 

 IN WITNESS WHEREOF, the duly authorized representatives of the Parties have executed this Agreement on the
date first above written. 
  

			
	Pledgee:
	
	Beijing Ambow Online Software Co., Ltd.
		
	Authorized Representative:	 	 /s/ Jin Huang

		 	Jin Huang

			
	Pledgors:
		
	Signature:	 	 /s/ Xiaogang Feng

		 	Xiaogang Feng
		
	Signature:	 	 /s/ Xuejun Xie

		 	Xuejun Xie
		
	Signature:	 	 /s/ Yisi Gu

		 	Yisi Gu

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]