Document:

Exhibit 10.55

 

Power of
Attorney  

 

Shareholder: Gang Huang (“Pledgor”)
 

 

Attorney-in-fact: Beijing Ambow Shengying Education
Technology Co., Ltd. (“Ambow Shengying”) 

 

In accordance with the Share Pledge Agreement
executed by Gang Huang on June 29, 2017 (“Pledge Agreement”), by executing this power of attorney (the “POA”),
the Pledgor hereby appoints Ambow Shengying as his attorney-in-fact (“Attorney-in-fact”) to (i) attend the shareholder
meetings of Shanghai Ambow Education Information Consulting Co., Ltd. (“Shanghai Ambow”) and exercise all voting rights
to which the Pledgor is entitled as a shareholder of Shanghai Ambow, including without limitation selling, transferring, pledging,
or disposing of all or any part of the Pledgor’s equity interest; (ii) sign any resolutions adopted by the Board of Shanghai
Ambow and any other documents requiring to be signed by the shareholders of Shanghai Ambow; and (iii) nominate and appoint the
legal representative, executive director and/or director, supervisor, general manager and other senior management personnel of
Shanghai Ambow as the Pledgor’s authorized representative. 

 

The Attorney-in-fact shall act in good faith
for the purpose of maximizing the value of the Pledged Equity (as defined in the Pledge Agreement), and its acts shall be in compliance
with applicable Chinese laws and regulations in all respects. Any act performed by and any document executed by the Attorney-in-fact
hereunder shall be deemed the act performed by or the document executed by the Pledgor. 

 

This POA shall come into effect upon the date
of execution. Unless terminated as agreed, this POA shall be irrevocable and remain effective during the Term of Pledge (as defined
in the Pledge Agreement).  

  

	 	By:  	/s/
	 	 	Gang Huang
	 	 	 
	 	Date	June 29, 2017

 

     

     

    

 

Power of Attorney

 

Shareholder: Xuejun Xie (“Pledgor”)
 

 

Attorney-in-fact: Beijing Ambow Shengying Education
Technology Co., Ltd. (“Ambow Shengying”) 

 

In accordance with the Share Pledge Agreement
executed by Xuejun Xie on June 29, 2017 (“Pledge Agreement”), by executing this power of attorney (the “POA”),
the Pledgor hereby appoints Ambow Shengying as his attorney-in-fact (“Attorney-in-fact”) to (i) attend the shareholder
meetings of Shanghai Ambow Education Information Consulting Co., Ltd. (“Shanghai Ambow”) and exercise all voting rights
to which the Pledgor is entitled as a shareholder of Shanghai Ambow, including without limitation selling, transferring, pledging,
or disposing of all or any part of the Pledgor’s equity interest; (ii) sign any resolutions adopted by the Board of Shanghai
Ambow and any other documents requiring to be signed by the shareholders of Shanghai Ambow; and (iii) nominate and appoint the
legal representative, executive director and/or director, supervisor, general manager and other senior management personnel of
Shanghai Ambow as the Pledgor’s authorized representative. 

 

The Attorney-in-fact shall act in good faith
for the purpose of maximizing the value of the Pledged Equity (as defined in the Pledge Agreement), and its acts shall be in compliance
with applicable Chinese laws and regulations in all respects. Any act performed by and any document executed by the Attorney-in-fact
hereunder shall be deemed the act performed by or the document executed by the Pledgor. 

 

This POA shall come into effect upon the date
of execution. Unless terminated as agreed, this POA shall be irrevocable and remain effective during the Term of Pledge (as defined
in the Pledge Agreement).  

 

	 	By:	/s/
	 	 	Xuejun Xie
	 	 	 
	 	Date:	June 29, 2017Exhibit 10.56

 

Loan
Agreement  

 

This Loan Agreement (this “Agreement”)
is entered into by the following parties (the “Parties”) on June 29, 2017 in the People’s Republic of China (“PRC”):
 

 

Lender:
Beijing Ambow Shengying Education Technology Co., Ltd.

Address: Room A1805,18th Floor, No.18 North
Taipingzhuang Road, Haidian District, Beijing 100088, People’s Republic of China. 

Contact: Jin Huang 

 

Borrowers: Xuejun Xie and Gang Huang

 

(Xuejun Xie and Gang Huang are hereinafter
collectively referred to as “Borrowers”) 

 

WHEREAS: 

 

(1)     Shanghai
Ambow Education Information Consulting Co., Ltd. (the “Domestic Company”) is a domestic enterprise lawfully established
under the laws of China, with a registered capital of RMB 125 million, of which RMB 80 million is contributed by
Xuejun Xie, representing 64 % equity interest in the Domestic Company; RMB 45 million is contributed by Gang Huang,
representing 36 % equity interest in the Domestic Company; 

 

(2)     Lender is a wholly-owned foreign enterprise established in
China (“Lender”);  

 

Through friendly consultations and in the spirit
of equality and mutual benefits, the Parties agree as follows: 

 

1.       Loan 

 

1.1     Lender agrees to provide a loan to Xuejun Xie, the principal
of which amounts to RMB 80 million thousand; and to provide a loan to Gang Huang, the principal of which amounts to RMB
45 million (collectively “Loans”). 

 

1.2     Borrowers agree to accept the aforementioned Loans provided
to them respectively by Lender and assume responsibilities in connection with their respective share in the Loans. 

 

1.3     The Parties agree that the Loans under this Agreement shall
bear no interest.  

 

2.       Pledge Security 

 

Borrowers hereby undertake that the Loans hereunder
shall be only used to repay the loans borrowed for purposes of making equity investment in the Domestic Company. Without Lender’s
prior written consent, Borrowers shall not use their equity interest in the Domestic Company to pledge, assume obligations, create
any third party interests, or transfer such equity interest to any third party. 

 

     

     

    

 

3.       Repayment 

 

3.1     Borrowers and Lender hereby mutually agree and acknowledge
that, to the extent permitted by the PRC laws, Lender shall determine at its sole discretion the timing and method of the repayment
of the loan hereunder and notify Borrowers in writing of such arrangements seven (7) days in advance. Borrowers and Lender further
agree that Borrowers shall not early repay the loan to Lender unless Lender notifies Borrowers in writing that the Loans hereunder
have expired or as otherwise provided herein.  

 

3.2     The Parties agree that, subject to the PRC laws and necessary
approvals of the PRC government (if applicable), if Borrowers transfer all or part of their equity interest in the Domestic Company
to Lender or a third party designated by Lender in accordance with the provisions of the Call Option Agreement entered into between
Borrowers and Lender on the even date herewith (including any amendments thereafter), the loan that the Borrower shall repay to
Lender under this Agreement and is equivalent in amount to the price of the transferred equity interest (“Price of Transferred
Shares”, as defined below) shall be deemed repaid. For the purposes of this Section, the Price of Transferred Shares shall
be calculated as follows: Price of Transferred Shares = Total Amount of Loans x (Number of Transferred Shares/Total Number of Shares).
 

 

3.3     If the offset of the Price of Transferred Shares provided
in Section 3.2 above is not allowed under applicable PRC laws, Borrowers shall use all the proceeds from the sale of all the equity
interest they have in the Domestic Company to repay the debt hereunder. After the payment of all the proceeds they receive to Lender
(applicable taxes and fees deducted), Borrowers’ Loans hereunder shall be deemed fully repaid. 

 

3.4     Borrowers and Lender hereby mutually agree and acknowledge
that, under any of the following circumstances, Borrowers shall repay the loan immediately: 

 

(1)     Borrowers are dead, or have no legal capacity or restricted
legal capacity;  

 

(2)     Borrowers resign or are dismissed from Lender or an affiliate
of Lender;  

 

(3)     Borrowers commit a crime or are involved in a crime; 

 

(4)     Any other third party claims against Borrowers for payment
of any debt above RMB 100,000.  

 

4.       Representations and Warranties 

 

4.1     Borrowers make the following representations and warranties
to Lender and acknowledge that Lender executes and performs this Agreement in reliance on such representations and warranties:
 

 

(1)     The Domestic Company is a limited liability company duly
incorporated and existing under the PRC laws. Its registered capital has been fully paid in. It has obtained the capital verification
report issued by a qualified accounting firm showing that the capital has been paid in full; 

 

(2)     The Domestic Company has completed and obtained all government
approvals, authorizations, licenses, registrations and filings necessary to operate the businesses specified in its business license
and to own its assets;  

 

     

     

    

 

(3)     Borrowers lawfully hold 100% equity interest in the Domestic
Company, of which Xuejun Xie holds 64 % and Gang Huang holds 36 %.

 

(4)     Borrowers have the right to execute and perform this Agreement;
Borrower’s execution and performance of this Agreement are in compliance with the articles of association and other constitution
documents of the Domestic Company; Borrowers have obtained all necessary and appropriate approvals and authorizations to execute
and perform this Agreement.  

 

(5)     Borrowers’ execution and performance of this Agreement
shall not violate any laws, regulations, or government approvals, authorizations, notices or other government documents which they
are subject to or may be affected, nor shall such execution and performance violate any agreements entered into by Borrowers with
any third party or any undertakings made to any third party; 

 

(6)     Upon execution, this Agreement shall constitute lawful, valid
obligations that may be enforced against Borrowers according to law. 

 

(7)     Except as provided in the Pledge Agreement and the Call Option
Agreement, Borrowers do not place any mortgage, pledge or any other security on the equity interest it holds in the Domestic Company,
do not make any offer to transfer such equity interest to any third party, do not make any warranties as to any offer of any third
party to acquire such equity interest, and do not enter into any agreement with any third party in connection with the transfer
of the equity interest that Borrowers hold in the Domestic Company; 

 

(8)     There is no actual or potential dispute, lawsuit, arbitration,
administrative proceedings or any other legal proceedings relating to the equity interest that Borrowers holds in the Domestic
Company.  

 

4.2     Lender makes the following representations and warranties
to Borrowers:  

 

(1)     It will execute and perform this Agreement within its corporate
power and business scope; it has taken necessary corporate actions and appropriate authorizations and obtained consents and approvals
from third parties and government departments, and it will not violate any legal and contractual restrictions which it is subject
to or may be affected;  

 

(2)     Upon execution, this Agreement shall constitute lawful, valid
and binding obligations that may be enforced against Lender in accordance with the terms hereof. 

 

5.       Borrowers’ Undertakings 

 

5.1     Borrowers undertake that, during the term
of this Agreement, they shall:  

 

(1)     not sell, transfer, pledge or otherwise dispose of, or allow
any other security interest to be created on the equity interest or other interests they hold in the Domestic Company other than
the equity pledge and other rights created for the benefit of Lender; 

 

     

     

    

 

(2)     not vote to agree at any shareholders’ meetings of
the Domestic Company or support or sign any shareholders’ resolutions that approve the sale, transfer, pledge or disposal
of the legal and beneficial interests in the equity interest of the Domestic Company, or allow any other security interest to be
created on such interests without Lender’s prior written consent, other than to Lender or a person designated by Lender;
 

 

(3)     not vote to agree at any shareholders’ meetings of
the Domestic Company or support or sign any shareholders’ resolutions that approve the Domestic Company’s merger or
affiliation with any company or the acquisition of or investment in any company without Lender’s prior written consent; 

 

(4)     notify Lender immediately of any action, arbitration or administrative
proceedings in relation to the equity interest in Domestic Company that have occurred or may occur; 

 

(5)     execute all necessary or proper documents, take all necessary
or proper actions, and bring in all necessary or proper indictments or make necessary or proper defenses against all claims in
order to maintain their ownership of the equity interest in the Domestic Company; 

 

(6)     not commit any act or omission that may significantly affect
the Domestic Company’s assets, business and liabilities without Lender’s prior written consent; 

 

(7)     appoint any person nominated by Lender as the Board member
of the Domestic Company at the request of Lender;  

 

(8)     immediately and unconditionally transfer all of their equity
interest in the Domestic Company to Lender and/or a person designated by Lender subject to and to the extent permitted by the PRC
laws in the event that Lender exercises the Call Option set forth herein; 

 

(9)     not request the Domestic Company to distribute dividends
or profits to them without Lender’s consent;  

 

(10)   repay Lender all equity transfer proceeds as the principal
of the Loan and the interest or the cost of occupied funds permitted under the laws as soon as they transfer the equity interest
in Domestic Company to Lender or a person designated by Lender; and 

 

(11)   strictly comply with various provisions hereof, duly perform
all their obligations hereunder, and not commit any act or omission that is sufficient to affect the validity and enforceability
of this Agreement.  

 

5.2     Borrowers undertake that, during the term
of this Agreement, as the shareholders of the Domestic Company, they shall cause the Domestic Company: 

 

(1)     not to supplement, alter or modify its constitutional documents
in any way, or increase or decrease

its registered capital, or change its capital
structure in any way without Lender’s prior written consent; 

 

(2)     to maintain its existence in accordance with good financial
and business standards and practice, and operate its business and handle its affairs diligently and efficiently; 

 

(3)     not to sell, transfer, pledge or otherwise dispose of its
lawful or beneficial interest in any assets, business or income at any time from the date hereof, or allow any other secure interest
to be created on such interest without Lender’s prior written consent; not to incur, assume, guarantee or allow the existence
of any obligations without Lender’s prior written consent, other than (i) any obligations arising during the ordinary course
of business rather than by means of loans and (ii) any obligations that have been disclosed to and approved by Lender; 

 

     

     

    

 

(4)     to operate all its business during the ordinary course of
business all the time to maintain its asset value;  

 

(5)     not to enter into any material contract (for the purposes
of this paragraph, if a contract’s value is more than RMB 1 million, it shall be deemed as a material contract) without Lender’s
prior written consent except during the ordinary course of business; 

 

(6)     to provide Lender with all information about its operations
and financial conditions at the request of Lender;  

 

(7)     not to merge or affiliate with any company or acquire or
invest in any company without Lender’s prior written consent; 

 

(8)     not to distribute dividends to shareholders without Lender’s
prior written consent, and to immediately distribute all of its distributable profits to its shareholders at the request of Lender;
 

 

(9)     to notify Lender immediately of any action, arbitration or
administrative proceedings in relation to its assets, business and revenue that have occurred or may occur; 

 

(10)   to execute all necessary or proper documents, take all necessary
or proper actions, and bring in all necessary or proper indictments or make necessary or proper defenses against all claims in
order to maintain its ownership of all of its assets; and 

 

(11)   to strictly comply with the service agreement and other
agreements entered into with any affiliate of Lender, duly perform all its obligations under the service agreement and other agreements,
and not to commit any act or omission that is sufficient to affect the validity and enforceability of the service agreement and
other agreements.  

 

6.       Breach 

 

Where Borrowers fail to repay Lender the Loans
in accordance with this Agreement, Borrowers shall pay Lender overdue interest at a daily rate of 0.01% for any loan which is due
and payable but has not been repaid.  

 

7.       Effectiveness and Termination 

 

This Agreement shall come into effect from
the date of execution by the Parties and terminate after Borrowers fully repay the Loans under this Agreement. 

 

     

     

    

 

8.      Confidentiality 

 

8.1     Either Party agrees to use its best endeavors to take all
reasonable measures to keep confidential all confidential materials and information that is known to or accessed by it by means
of disclosure by the other Party (“Confidential Information”). Without the disclosing Party’s prior written consent,
the receiving Party shall not disclose, give or transfer any such Confidential Information to any third party. Upon termination
of this Agreement, the receiving Party shall return to the disclosing Party or destroy any documents, materials or software that
may contain the Confidential Information at the disclosing Party’s request, and delete any confidential information from
any relevant memory devices, and shall not continue to use such Confidential Information. 

 

8.2     The Parties agree that this Section shall survive regardless
of whether this Agreement is altered, terminated or expired. 

 

9.      Notices 

 

9.1     Any notices or other communications given by either Party
as required hereunder shall be written in Chinese, and sent to the other Party’s address by personal delivery, or generally
accepted courier service or facsimile.  

 

9.2     If the notices are sent by personal delivery, they shall
be deemed as effectively given on the date of delivery; if they are sent by facsimile, they shall be deemed as effectively given
on the day following the date of facsimile transmission; if they are sent by courier, they shall be deemed effectively given on
the day shown on the return receipt.  

 

10.    Governing Law and Dispute Resolution 

 

10.1   This Agreement shall be governed by and construed in accordance
with the PRC laws.  

 

10.2   If any dispute arises between the Parties in connection
with the interpretation and performance of the terms hereof, the Parties shall negotiate in good faith to resolve such dispute.
If no agreement can be reached, either Party may submit such dispute to the China International Economic and Trade Arbitration
Commission for arbitration in accordance with its then effective arbitration rules. The arbitration shall be held in Chinese in
Beijing. The award of the arbitration shall be final and binding on both Parties. 

 

10.3   Except the matters in dispute, the Parties shall continue
to perform their respective obligations hereunder in good faith in accordance with the provisions hereof. 

 

11.    Miscellaneous 

 

11.1   Any amendment and supplement to this Agreement shall be
made by written agreement duly signed by the Parties. Any signed amendment and supplement constitutes a part of this Agreement
and shall have the same force and effect as this Agreement. 

 

11.2   Borrowers shall not assign their rights and obligations
hereunder to any third party without Lender’s prior written consent. 

 

     

     

    

 

11.3   If any provisions hereof are deemed unlawful
or unenforceable under applicable laws, such provisions shall be deemed deleted from this Agreement and invalid. However, this
Agreement shall remain effective and shall be deemed not having such provisions from the beginning. The Parties shall discuss with
each other to replace the deleted provisions with lawful and valid provisions that are acceptable to Lender. 

 

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

 

Beijing Ambow Shengying Education Technology Co., Ltd.

 

	Authorized Representative: 	/s/	 

 

	Xuejun Xie	 
	 	 	 
	Signature:  	/s/	 
	 	 	 
	Gang Huang	 
	 	 	 
	Signature:  	/s/

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