Document:

fedu-ex415_648.htm

Exhibit 4.15

Termination Agreement of Exclusive Service Agreement, Exclusive Call Option Agreement, Equity Pledge Agreement and Shareholder Voting Rights Proxy Agreement

 

This Termination Agreement of Exclusive Service Agreement, Exclusive Call Option Agreement, Equity Pledge Agreement and Shareholder Voting Rights Proxy Agreement (“Termination Agreement”) is entered into on March 1, 2020 by and among:

 

	
1.
	
Peiqing Tian. The ID Card No.: 310110196202283271 (hereinafter “Party A”);

 

	
2.
	
Peihua Tian. The ID Card No.: 310110195909033239 (hereinafter “Party B”);

 

	
3.
	
Shanghai Fuxi Information Technology Service Co., Ltd. (formerly known as “Shanghai Fuxi Enterprise Management Consulting Co., Ltd.”, hereinafter “Party C”) 

The registered address: Room 213, No. 865, 867, 869 and 877, Qiujiang Road, Jing’an District, Shanghai; 

Legal Representative: Peiqing Tian;

 

	
4.
	
Shanghai Four Seasons Education Investment Management Co., Ltd. (hereinafter “Party D”) 

The registered address: Room 306, Suite C, No. 1505, Xinshi North Road, Hongkou District, Shanghai; 

Legal Representative: Peiqing Tian;

 

	
5.
	
Shanghai Tongfang Science and Technology Training School (hereinafter “Party E”) 

The registered address: Room 308, Floor 3, No. 1599 Mudanjiang Road, Baoshan District, Shanghai; 

Legal Representative: Peiqing Tian;

 

In this Termination Agreement, Party A to Party E shall be individually referred to as a “Party” or collectively referred to as the “Parties”.

 

WHEREAS:

 

	
1.
	
Party A and Party B entered into the following agreements (“Contractual Agreements”) with Party C, Party D and Party E. Party A and Party B in total hold 100% of Party D’s equity interests:

(1) Party A, Party B, Party C and Party D entered into Exclusive Service Agreement with Party E on June 12, 2017.

(2) Party A, Party B, Party C and Party D entered into Exclusive Call Option Agreement with Party E on June 12, 2017.

(3) Party A, Party B, Party C and Party D entered into Equity Pledge Agreement with Party E on June 12, 2017.

(4) Party A, Party B, Party C and Party D entered into Shareholder Voting Rights Proxy 

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Agreement with Party E on June 12, 2017.

 

	
2.
	
The Parties intend to terminate the Contractual Agreements.

 

The Parties hereby enter into the hereinafter Termination Agreement through negotiations:

 

Article 1 Termination of Contractual Agreements

	
 
	
1.1.
	
The Parties hereby agree and confirm that the Contractual Agreements shall be terminated on the signing date of this agreement. The rights and obligations of the Parties under the Contractual Agreements are terminated from the signing date of this agreement, and the Parties no longer have any rights or obligations under the Contractual Agreements (including any existing or potential rights or obligations).   

	
 
	
1.2.
	
For the avoidance of doubt, the parties hereby further confirm that each Party has no unfulfilled obligations or responsibilities under the Contractual Agreements, and there are no disputes. The Parties hereby exempt each other from any compensation liabilities or other liabilities for breach of contract (if any) arising from the Contractual Agreements before the date of this agreement,

 

Article 2 Further confirmation and guarantee 

	

	

	
 
	
2.1.
	
The Parties agree and undertake that they will take all necessary actions to legally effect the termination of the Contractual Agreements in accordance with this agreement.

	
 
	
2.2.
	
The Parties agree to do their utmost to complete the cancellation of the equity pledge registration under the Equity Pledge Agreement within ninety (90) days after the signing of this agreement, including but not limited to the various documents required for the cancellation registration. 

 

Article 3 Other Terms

	

	

	
 
	
3.1.
	
This agreement is governed by the PRC law. Any disputes arising under this agreement and related to this agreement shall be resolved through consultation among the Parties. If the Parties cannot reach an agreement within thirty (30) days after the dispute arises, the dispute shall be submitted to the China International Economic and Trade Arbitration Commission, and three arbitrators shall hold a trial in Shanghai in accordance with the arbitration rules in force at the time of the application for arbitration.

	
 
	
3.2.
	
This termination agreement shall be effective from the date that the Parties properly sign this termination agreement.

	
 
	
3.3.
	
The titles of the articles of this agreement are for indexing purposes only. Under no circumstances should these titles be used or influence the interpretation of the provisions of this agreement.

	
 
	
3.4.
	
This agreement is in five (5) originals. Each Party to this agreement holds one (1) original, which has the same legal effect.

 

(There is no text below) 

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(Signature Page)

 

IN WITNESS WHEREOF, the Parties have signed this agreement on the date first above written.

 

Peiqing Tian

 

	
Signature:
	
 
	
/s/ Peiqing Tian

 

 

 

 

Peihua Tian

 

	
Signature:
	
 
	
/s/ Peihua Tian

 

 

 

Shanghai Fuxi Information Technology Service Co., Ltd. (Company Seal)

 

	
Signature:
	
 
	
/s/ Peiqing Tian

	
Name:
	
 
	
Peiqing Tian

	
Title:
	
 
	
Legal Representative

 

 

Shanghai Four Seasons Education Investment Management Co., Ltd. (Company Seal)

 

	
Signature:
	
 
	
/s/ Peiqing Tian

	
Name:
	
 
	
Peiqing Tian

	
Title:
	
 
	
Legal Representative

 

 

Shanghai Tongfang Science and Technology Training School (Company Seal)

 

	
Signature:
	
 
	
/s/ Peiqing Tian

	
Name:
	
 
	
Peiqing Tian

	
Title:
	
 
	
Legal Representative

 

3fedu-ex416_743.htm

Exhibit 4.16

Supplementary Agreement of Exclusive Service Agreement (II)

 

This Supplementary Agreement of Exclusive Service Agreement (II) (“Supplementary Agreement (II)”) is entered into on March 1, 2020 by and among:

 

	
1.
	
Shanghai Fuxi Information Technology Service Co., Ltd. The uniform social credit code: 913100003216954485. The registered address: Room 213, No. 865, 867, 869 and 877, Qiujiang Road, Jing’an District, Shanghai (“Party A”);

 

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

 

	
3.
	
Shanghai Four Seasons Education and Training Co., Ltd. The uniform social credit code: 91310106088554568M. The registered address: Room 215-234, No. 865, 867, 869, 877, Qiujiang Road, Zhabei District, Shanghai (“Party C”); 

 

	
4.
	
Shanghai Tongfang Science and Technology Training School. The uniform social credit code: 523101137294072353. The registered address: Room 308, Floor 3, No. 1599, Mudanjiang Road, Baoshan District, Shanghai(“Party D”);

 

In this Supplementary Agreement, Party A to Party D shall be individually referred to as a “Party” or collectively referred to as the “Parties”.

 

WHEREAS:

 

	
1.
	
An Exclusive Service Agreement (“Exclusive Service Agreement”) was entered into on September 30, 2017 by and among Party A, Party B, Party C. A Supplemental Agreement (“Supplemental Agreement (I)”) was entered into on February 28, 2019 by and among Party A, Party B, Party C which listed Party C’s affiliated enterprises receiving relevant services provided by Party A in Schedule A. 

 

	
2.
	
A Termination Agreement of Exclusive Service Agreement, Exclusive Call Option Agreement, Equity Pledge Agreement and Shareholder Voting Rights Proxy Agreement was entered into on March 1, 2020 by Party A, Party B, Peihua Tian andShanghai Four Seasons Education Investment Management Co., Ltd, according to which, the Parties have terminated their rights and obligations thereunder.

 

	
3.
	
The organizer stated in the Private School License of Party D has been changed to Party C before the signing of this Agreement. 

 

	
4.
	
Party A agrees to provide relevant technical services, management and consulting services (the scope of services is consistent with Exclusive Service Agreement and Supplemental Agreement (I)) in connection with education and training activities for Party D after the organizer of Party 

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D has been changed to Party C, Party D agrees to accept relevant services provided by Party A during such period. The Parties intend to amend the Schedule A “Party C’s Affiliated Enterprises” of the Exclusive Service Agreement.

 

The Parties hereby enter into this Supplementary Agreement (II) through negotiations.

 

	
1.
	
Schedule A of the Exclusive Service Agreement shall be deleted and replaced by the following clauses:

 

“Schedule A Party C’s Affiliated Enterprises

	
 
	
1.
	
Nanchang Honggutan New Area Four Seasons Training School;

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

	
 
	
3.
	
Shanghai Shane English Training School;

	
 
	
4.
	
Shanghai Saxon English School;

	
 
	
5.
	
Taicang Four Seasons Education and Training Center;

	
 
	
6.
	
Shanghai Huangpu Fantasy Further Education School;

	
 
	
7.
	
Shanghai Four Seasons Education Research Institute;

	
 
	
8.
	
Shanghai Jing’an Four Seasons Bridge Club;

	
 
	
9.
	
Shanghai Jing’an Yuancheng Education and Training Center; and

	
 
	
10.
	
Shanghai Tongfang Science and Technology Training School.”

 

	
2.
	
The Parties confirm that Party A has been providing relevant services for Party D in accordance with the Exclusive Service Agreement and Supplemental Agreement (I) since Party D became Party C’s affiliated enterprises.

 

	
3.
	
Except for the above amendment, other clauses of the Exclusive Service Agreement and Supplemental Agreement (I) shall remain unchanged and in full force and effect.

 

	
4.
	
The Supplementary Agreement (II) shall prevail in case of any inconsistency with the Exclusive Service Agreement or the Supplemental Agreement (I).

 

	
5.
	
The Supplementary Agreement (II) has three originals. Party A, Party B and Party C each shall hold one of them. Three originals shall have the same legal effect.

 

IN WITNESS WHEREOF, the Parties have caused their authorized representatives to sign this Supplementary Agreement (II) on the date first above written. This Supplementary Agreement (II) shall become effective after being signed or sealed.

 

(There is no text below) 

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

of the Supplementary Agreement (II) of Exclusive Service Agreement.) 

 

 

 

Shanghai Fuxi Information Technology Service Co., Ltd. [Company Seal Affixed]

 

 

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

of the Supplementary Agreement (II) of Exclusive Service Agreement.) 

 

 

 

Peiqing Tian

 

 

Signature: /s/ Peiqing Tian

 

4

 

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

of the Supplementary Agreement (II) of Exclusive Service Agreement.) 

 

 

 

Shanghai Four Seasons Education and Training Co., Ltd. [Company Seal Affixed]

 

 

 

5

 

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

of the Supplementary Agreement (II) of Exclusive Service Agreement.) 

 

 

 

Shanghai Tongfang Science and Technology Training School [Company Seal Affixed]

 

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