Document:

Exhibit 4.28

 

Power of Attorney

 

This Power of Attorney
(this “Power of Attorney”) shall supersede and replace the power of attorney I executed as of November 25, 2013 (the
“Original Power of Attorney”) upon the effective date stipulated in this Power of Attorney.

 

I, Li Jianguang, a Chinese
citizen with Chinese Identification Card No.:        , and a holder of 30% of the entire
registered capital in Beijing Tarena Jinqiao Technology Co., Ltd. (“Beijing Tarena”) as of the date when the Power
of Attorney is executed, hereby irrevocably authorize Tarena Technologies Group Inc. (the “Designee”) to exercise the
following rights relating to all equity interests held by me now and in the future in Beijing Tarena (“My Shareholding”)
during the term of this Power of Attorney:

 

The Designee is hereby
authorized to act on behalf of myself as my exclusive agent and attorney with respect to all matters concerning My Shareholding,
including without limitation to: 1) attending shareholders’ meetings of Beijing Tarena; 2) exercising all the shareholder’s
rights and shareholder’s voting rights I am entitled to under the laws of China and Beijing Tarena’s Articles of Association,
including but not limited to the sale or transfer or pledge or disposition of My Shareholding in part or in whole; and 3) designate
and appoint on behalf of myself the legal representative, the directors, supervisors, the chief executive officer and other senior
management members of Beijing Tarena.

 

Without limiting the
generality of the powers granted hereunder, the Designee shall have the power and authority to, on behalf of myself, execute all
the documents I shall sign as stipulated in the Second Amended and Restated Exclusive Option Agreement entered into by and among
me, the Designee and Tarena International Inc. on July 5, 2016 and the Second Amended and Restated Equity Pledge Agreement entered
into by and among me, Beijing Tarena and the Designee on July 5, 2016 (including any modification, amendment and restatement
thereto, collectively the “Transaction Documents”), and perform the terms of the Transaction Documents.

 

All the actions
associated with My Shareholding conducted by the Designee shall be deemed as my own actions, and all the documents related to My
Shareholding executed by the Designee shall be deemed to be executed by me. I hereby acknowledge and ratify those actions and/or
documents by the Designee.

 

The Designee is entitled
to re-authorize or assign its rights related to the aforesaid matters to any other person or entity at its own discretion and without
giving prior notice to me or obtaining my consent. If required by PRC laws, the Designee shall designate a PRC citizen to exercise
the aforementioned rights.

 

During the period that
I am a shareholder of Beijing Tarena, this Power of Attorney shall be irrevocable and continuously effective and valid from the
date of execution of this Power of Attorney.

 

During the term of this
Power of Attorney, I hereby waive all the rights associated with My Shareholding, which have been authorized to the Designee through
this Power of Attorney, and shall not exercise such rights by myself.

 

This Power of Attorney
is written in Chinese and English. The Chinese version and English version shall have equal legal validity. In case there is any
conflict between the Chinese version and the English version, the Chinese version shall prevail.

 

 

    	 	1	 

     

    

 

 

	 	Li Jianguang
	 	 
	 	 
	 	By:	/s/ Li Jianguang

 

 

Accepted by

 

 

Tarena
Technologies Group Inc.

 

 

	By: 	/s/ Han Shaoyun	(Company
                                         seal affixed)
	Name: 	Han Shaoyun	 
	Title:  	Legal Representative	 

 

 

Acknowledged
by:

 

 

Beijing
Tarena Jinqiao Technology Co., Ltd. 

 

	By:	/s/ Han Shaoyun 	(Company
                                         seal affixed)
	Name: 	Han Shaoyun	 
	Title:  	Legal RepresentativeExhibit 4.29

 

Second Amended and Restated Exclusive
Option Agreement

 

This Second Amended
and Restated Exclusive Option Agreement (this “Agreement”) is executed by and among the Parties below as of July 5,
2016 in Beijing, the People’s Republic of China (“China” or the “PRC”):

 

Party A: Tarena
International Inc.

Address:
Fourth Floor, One Capital Place, P.O. Box 847GT, Grand Cayman, Cayman Islands

 

Party B: Tarena Technologies Group
Inc.

Address:
Suite 3709, 18 Jia West Road of North Third Ring, Haidian District, Beijing

 

Party C: Han Shaoyun

ID No.: 

 

Party D: Beijing Tarena Jinqiao Technology
Co., Ltd. 

Address:
Room 4-3, No.4 Workshop, 10 Zhenggezhuang Village, Beiqijia Town, Changping District, Beijing

 

In this Agreement,
each of Party A, Party B, Party C and Party D shall be referred to as a “Party” respectively, and they shall be collectively
referred to as the “Parties”.

 

Whereas:

 

		1.	Party A is a company established in Cayman Islands and holds 100% of the equity interests of Party
B.

 

		2.	Party C is a shareholder of Party D and as of the date hereof holds 70% of the equity interests
of Party D, representing RMB3,500,000 in the registered capital of Party D.

 

		3.	Party B and Party C executed a Second Amended and Restated Loan Agreement on July 5, 2016 (the
“Loan Agreement”).

 

		4.	Party B, Party C and Party D executed a Amended and Restated Exclusive Option Agreement (the “Original
Exclusive Option Agreement”) on November 25, 2013. The Parties intend to enter this Agreement to replace and supersede the
Original Exclusive Option Agreement by executing this Agreement.

 

Now therefore, upon
mutual discussion and negotiation, the Parties have reached the following agreement:

 

		1.	Sale and Purchase of Equity Interest

 

		1.1	Option Granted

 

    	 	1	 

     

    

 

In consideration
of the payment of RMB10.00 by Party A, the receipt and adequacy of which is hereby acknowledged by Party C, Party C hereby irrevocably
grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”)
to purchase, the equity interests in Party D then held by Party C once or at multiple times at any time in part or in whole at
Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3
herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person
shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party C. Party
D hereby agrees to the grant by Party C of the Equity Interest Purchase Option to Party A. The term “person” as used
herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or non-corporate organizations.

 

		1.2	Steps for Exercise of Equity Interest Purchase Option

 

Subject to
the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written
notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s decision to exercise
the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased from Party B (the “Optioned Interests”);
and (c) the date for purchasing the Optioned Interests. Party A and/or the Designee(s) shall obtain all necessary government licenses
and permits and take all necessary actions to purchase the equity interests in Party D.

 

		1.3	Equity Interest Purchase Price

 

The purchase
price of all equity interests held by Party C in Party D purchased by Party A by exercising the Equity Interest Purchase Option
shall be RMB3,500,000; if Party A exercises the Equity Interest Purchase Option to purchase part of the equity interests held by
Party C in Party D, the purchase price shall be calculated on a pro rata basis. If PRC law requires a minimum price higher than
the aforementioned price when Party A exercises the Equity Interest Purchase Option, the minimum price regulated by PRC law shall
be the purchase price (collectively, the “Equity Interest Purchase Price”).

 

		1.4	Transfer of Optioned Interests

 

For each
exercise of the Equity Interest Purchase Option by Party A:

 

		1.4.1	Party C shall cause Party D to promptly convene a shareholders meeting, at which a resolution shall
be adopted approving Party C’s transfer of the Optioned Interests to Party A and/or the Designee(s);

 

		1.4.2	Party C shall obtain written statements from the other shareholders of Party D giving consent to
the transfer of the equity interests to Party A and/or the Designee(s) and waiving any right of first refusal related thereto;

 

    	 	2	 

     

    

 

		1.4.3	Party C shall execute a share transfer contract with respect to each transfer with Party A and/or
each Designee (whichever is applicable), in accordance with the provisions of this Agreement and the Equity Interest Purchase Option
Notice regarding the Optioned Interests;

 

		1.4.4	The relevant Parties shall execute all other necessary contracts, agreements or documents, obtain
all necessary government licenses and permits and take all necessary actions to transfer valid ownership of the Optioned Interests
to Party A and/or the Designee(s), unencumbered by any security interests, and cause Party A and/or the Designee(s) to become the
registered owner(s) of the Optioned Interests. For the purpose of this Section and this Agreement, “security interests”
shall include securities, mortgages, third party's rights or interests, any stock options, acquisition right, right of first refusal,
right to offset, ownership retention or other security arrangements, but shall be deemed to exclude any security interest created
by this Agreement, Party C’s Share Pledge Agreement and Party C’s Power of Attorney. “Party C’s Share Pledge
Agreement” as used in this Agreement shall refer to the Amended and Restated Share Pledge Agreement executed by and among
Party B, Party C and Party D on the date hereof and any modifications, amendments, and restatements thereto. “Party C’s
Power of Attorney” as used in this Agreement shall refer to the Power of Attorney executed by Party C on the date hereof
and any modifications, amendments, and restatements thereto.

 

		1.5	Payment of the Equity Interest Purchase Price

 

The Parties
have agreed in the Loan Agreement that any proceeds obtained by Party C through the transfer of its equity interests in Party D
shall be used for repayment of the loan provided by Party B in accordance with the Loan Agreement. Accordingly, if Party A designates
Party B as the Designee, upon exercise of the Equity Interest Purchase Option, Party B may elect to make payment of the Equity
Interest Purchase Price through cancellation of the outstanding amount of the loan owed by Party C to Party B, in which case Party
A shall not be required to pay any additional purchase price to Party C, unless the Equity Interest Purchase Price set forth herein
is required to be adjusted in accordance with the applicable laws and regulations.

 

		2.	Covenants

 

		2.1	Covenants regarding Party D

 

    	 	3	 

     

    

 

Party C (as
a shareholder of Party D) and Party D hereby covenant as follows:

 

		2.1.1	Without the prior written consent of Party A, they shall not in any manner supplement, change or
amend the articles of association and bylaws of Party D, increase or decrease its registered capital, or change its structure of
registered capital in other manners;

 

		2.1.2	They shall maintain Party D’s corporate existence in accordance with good financial and business
standards and practices by prudently and effectively operating its business and handling its affairs;

 

		2.1.3	Without the prior written consent of Party A, they shall not at any time following the date hereof,
sell, transfer, mortgage or dispose of in any manner any assets of Party D or legal or beneficial interest in the business or revenues
of Party D, or allow the encumbrance thereon of any security interest;

 

		2.1.4	Without the prior written consent of Party A, they shall not incur, inherit, guarantee or suffer
the existence of any debt, except forpayables incurred in the ordinary course of business other than through loans;

 

		2.1.5	They shall always operate all of Party D’s businesses within the ordinary course of business
to maintain the asset value of Party D and refrain from any action/omission that may affect Party D’s operating status and
asset value;

 

		2.1.6	Without the prior written consent of Party A, they shall not cause Party D to execute any major
contract, except the contracts in the ordinary course of business (for purpose of this subsection, a contract with a value exceeding
RMB 500,000 shall be deemed a major contract);

 

		2.1.7	Without the prior written consent of Party A, they shall not cause Party D to provide any person
with any loan or credit;

 

		2.1.8	They shall provide Party A with information on Party D's business operations and financial condition
at Party A's request;

 

		2.1.9	If requested by Party A, they shall procure and maintain, at the cost of Party D, insurance in
respect of Party D’s assets and business from an insurance carrier acceptable to Party A, at an amount and type of coverage
typical for companies that operate similar businesses;

 

		2.1.10	Without the prior written consent of Party A, they shall not cause or permit Party D to merge,
consolidate with, acquire or invest in any person;

 

    	 	4	 

     

    

 

		2.1.11	They shall immediately notify Party A of the occurrence or possible occurrence of any litigation,
arbitration or administrative proceedings relating to Party D’s assets, business or revenue;

 

		2.1.12	To maintain the ownership by Party D of all of its assets, they shall execute all necessary or
appropriate documents, take all necessary or appropriate actions and file all necessary or appropriate complaints or raise necessary
and appropriate defenses against all claims;

 

		2.1.13	Without the prior written consent of Party A, they shall ensure that Party D shall not in any manner
distribute dividends to its shareholders, provided that upon Party A's written request, Party D shall immediately distribute all
distributable profits to its shareholders;

 

		2.1.14	At the request of Party A, they shall appoint any persons designated by Party A as directors of
Party D;

 

		2.1.15	Without Party A’s prior written consent, they shall not engage in any business in competition
with Party A or its affiliates; and

 

		2.1.16	Unless otherwise required by PRC law, Party D shall not be dissolved or liquated without prior
written consent by Party A.

 

		2.2	Other Covenants

 

Party C hereby covenants
as follows:

 

		2.2.1	Without the prior written consent of Party A, Party C shall not sell, transfer, mortgage or dispose
of in any other manner any legal or beneficial interest in the equity interests in Party D held by Party C, or allow the encumbrance
thereon of any security interest, except for the pledge placed on these equity interests in accordance with Party C’s Share
Pledge Agreement;

 

		2.2.2	Party C shall cause the shareholders’ meeting and/or the board of directors of Party D not
to approve the sale, transfer, mortgage or disposition in any other manner of any legal or beneficial interest in the equity interests
in Party D held by Party C, or allow the encumbrance thereon of any security interest, without the prior written consent of Party
A, except for the pledge placed on these equity interests in accordance with Party C’s Share Pledge Agreement and Party C’s
Power of Attorney;

 

		2.2.3	Party C shall cause the shareholders’ meeting or the board of directors of Party D not to
approve the merger or consolidation with any person, or the acquisition of or investment in any person, without the prior written
consent of Party A;

 

    	 	5	 

     

    

 

		2.2.4	Party C shall immediately notify Party A of the occurrence or possible occurrence of any litigation,
arbitration or administrative proceedings relating to the equity interests in Party D held by Party C;

 

		2.2.5	Party C shall cause the shareholders’ meeting or the board of directors of Party D to vote
their approval of the transfer of the Optioned Interests as set forth in this Agreement and to take any and all other actions that
may be requested by Party A;

 

		2.2.6	To the extent necessary to maintain Party C’s ownership in Party D, Party C shall execute
all necessary or appropriate documents, take all necessary or appropriate actions and file all necessary or appropriate complaints
or raise necessary and appropriate defenses against all claims;

 

		2.2.7	Party C shall appoint any designee of Party A as director of Party D, at the request of Party A;

 

		2.2.8	Party C hereby waives its right of first refusal in regards to the transfer of equity interest
by any other shareholder of Party D to Party A (if any), and gives consent to the execution by each other shareholder of Party
D with Party A and Party D the exclusive option agreement, the share pledge agreement and the power of attorney similar to this
Agreement, Party C’s Share Pledge Agreement, and Party C’s Power of Attorney, and undertakes not to take any actions
in conflict with such documents executed by the other shareholders;

 

		2.2.9	Party C shall promptly donate any profits, interests, dividends, or proceeds of liquidation to
Party A or any other person designated by Party A to the extent permitted under the applicable PRC laws; and

 

		2.2.10	Party C shall strictly abide by the provisions of this Agreement and other contracts jointly or
separately executed by and among Party C, Party D and Party A, perform the obligations hereunder and thereunder, and refrain from
any action/omission that may affect the effectiveness and enforceability thereof. To the extent that Party C has any remaining
rights with respect to the equity interests subject to this Agreement hereunder or under Party C’sShare Pledge Agreement
among the same parties hereto or under Party C’s Power of Attorney, Party C shall not exercise such rights except in accordance
with the written instructions of Party A.

 

		3.	Representations and Warranties

 

Party C and Party D hereby represent and warrant
to Party A, jointly and severally, as of the date of this Agreement and each date of transfer of the Optioned Interests, that:

 

		3.1	They have the authority to execute and deliver this Agreement and any share transfer contracts
to which they are parties concerning the Optioned Interests to be transferred thereunder (each, a “Transfer Contract”),
and to perform their obligations under this Agreement and any Transfer Contracts. Party C and Party D agree to enter into Transfer
Contracts consistent with the terms of this Agreement upon Party A’s exercise of the Equity Interest Purchase Option. This
Agreement and the Transfer Contracts to which they are parties constitute or will constitute their legal, valid and binding obligations
and shall be enforceable against them in accordance with the provisions thereof;

 

    	 	6	 

     

    

 

		3.2	Party C and Party D have obtained any and all approvals and consents from the relevant government
authorities and third parties (if required) for the execution, delivery, and performance of this Agreement;

 

		3.3	The execution and delivery of this Agreement or any Transfer Contracts and the obligations under
this Agreement or any Transfer Contracts shall not: (i) cause any violation of any applicable PRC laws; (ii) be inconsistent with
the articles of association, bylaws or other organizational documents of Party D; (iii) cause the violation of any contracts or
instruments to which they are a party or which are binding on them, or constitute any breach under any contracts or instruments
to which they are a party or which are binding on them; (iv) cause any violation of any condition for the grant and/or continued
effectiveness of any licenses or permits issued to either of them; or (v) cause the suspension or revocation of or imposition of
additional conditions to any licenses or permits issued to either of them;

 

		3.4	Party C has a good and merchantable title to the equity interests in Party D he holds. Except for
Party C’s Share Pledge Agreement, Party C has not placed any security interest on such equity interests;

 

		3.5	Party D has a good and merchantable title to all of its assets, and has not placed any security
interest on the aforementioned assets;

 

		3.6	Party D does not have any outstanding debts, except for (i) debt incurred in the ordinary course
of business; and (ii) debts disclosed to Party A for which Party A’s written consent has been obtained;

 

		3.7	Party D has complied with all laws and regulations of China applicable to asset acquisitions; and

 

		3.8	There are no pending or threatened litigation, arbitration or administrative proceedings relating
to the equity interests in Party D, assets of Party D or Party D.

 

		4.	Effective Date and Term

 

This Agreement
shall become effective upon execution by the Parties, and remain in effect until all equity interests held by Party C in Party
D have been transferred or assigned to Party A and/or any other person designated by Party A in accordance with this Agreement.
Since the effective date of this Agreement, the Original Exclusive Option Agreement shall be terminated and shall be replaced and
superseded by this Agreement.

 

    	 	7	 

     

    

 

		5.	Governing Law and Resolution of Disputes

 

		5.1	Governing Law

 

The execution,
effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes hereunder
shall be governed by the laws of the PRC.

 

		5.2	Methods of Resolution of Disputes

 

In the event
of any dispute with respect to the construction and performance of the provisions of this Agreement, the Parties shall negotiate
in good faith to resolve the dispute. In the event the Parties fail to reach an agreement on the resolution of such a dispute within
30 days after any Party’s request for resolution of the dispute through negotiations, any Party may submit the relevant dispute
to the China International Economic and Trade Arbitration Commission for arbitration, in accordance with its then-effective arbitration
rules. The arbitration shall be conducted in Beijing, and the language used during arbitration shall be Chinese. The arbitration
ruling shall be final and binding on all Parties.

 

		6.	Taxes and Fees

 

Each Party
shall pay any and all transfer and registration taxes, expenses and fees incurred thereby or levied thereon in accordance with
the laws of China in connection with the preparation and execution of this Agreement and the Transfer Contracts, as well as the
consummation of the transactions contemplated under this Agreement and the Transfer Contracts.

 

		7.	Notices

 

		7.1	All notices and other communications required or permitted to be given pursuant to this Agreement
shall be delivered personally or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission
to the address of such Party set forth below. A confirmation copy of each notice shall also be sent by email. The dates on which
notices shall be deemed to have been effectively given shall be determined as follows:

 

		7.1.1	Notices given by personal delivery, by courier service or by registered mail, postage prepaid,
shall be deemed effectively given on the date of delivery or refusal at the address specified for notices.

 

    	 	8	 

     

    

 

		7.1.2	Notices given by facsimile transmission shall be deemed effectively given on the date of successful
transmission (as evidenced by an automatically generated confirmation of transmission).

 

		7.2	For the purpose of notices, the addresses of the Parties are as follows:

 

	Party A: 	Tarena International Inc.
	Address:	Fourth Floor, One Capital Place, P.O. Box 847GT, Grand Cayman, Cayman Islands
	Attn: 	 
	Phone: 	 
	Facsimile: 	 
	 	 
	 	 
	Party B: 	Tarena Technologies Group Inc.
	Address:	Suite 3709, 18 Jia West Road of North Third Ring, Haidian District, Beijing
	Attn: 	Han Shaoyun
	Phone: 	86-10 6213-6369
	Facsimile: 	86-10 6211-0873
	 	 
	Party C: 	Han Shaoyun
	Address: 	
	Tel: 	
	 	 
	Party D: 	Beijing Tarena Jinqiao Technology Co., Ltd.
	Address: 	Room 4-3, No.4 Workshop, 10 Zhenggezhuang Village, Beiqijia Town, Changping District, Beijing
	Attn: 	Han Shaoyun
	Phone:	86-10 6213-5687
	Facsimile: 	86-10 6211-0873

 

		7.3	Any Party may at any time change its address for notices by a notice delivered to the other Parties
in accordance with the terms hereof.

 

		8.	Confidentiality

 

The Parties
acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties
in connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall
maintain the confidentiality of all such confidential information, and without obtaining the written consent of the other Party,
it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will
be featured in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation
to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government
authorities; or (c) is required to be disclosed by any Party to its shareholders, investors, legal counsels or financial advisors
regarding the transaction contemplated hereunder, provided that such shareholders, investors, legal counsels or financial advisors
shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information
by the staff members or agencies hired by any Party shall be deemed disclosure of such confidential information by such Party,
which Party shall be held liable for breach of this Agreement. This Section shall survive the termination of this Agreement for
any reason.

 

    	 	9	 

     

    

 

		9.	Further Warranties

 

The Parties
agree to promptly execute the documents that are reasonably required for or are conducive to the implementation of the provisions
and purposes of this Agreement and to take further actions that are reasonably required for or are conducive to the implementation
of the provisions and purposes of this Agreement.

 

		10.	Breach of Agreement

 

		10.1	If Party C or Party D conducts any material breach of any term of this Agreement, Party A shall
have right to terminate this Agreement and/or require Party C or Party D to compensate all damages; this Section 10 shall not prejudice
any other rights of Party A herein;

 

		10.2	Party C or Party D shall not have any right to terminate this Agreement in any event unless otherwise
required by the applicable laws.

 

		11.	Miscellaneous

 

		11.1	Amendments, Changes and Supplements

 

Any amendments
and supplements to this Agreement shall be made in writing. The amendment agreements and supplementary agreements that have been
signed by the Parties and that relate to this Agreement shall be an integral part of this Agreement and shall have the same legal
validity as this Agreement.

 

		11.2	Entire Agreement

 

Except for
the amendments, supplements or changes in writing executed after the execution of this Agreement, this Agreement shall constitute
the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all
prior oral and written consultations, representations and contracts reached with respect to the subject matter of this Agreement.
This Agreement supersedes, in its entirety, the Original Exclusive Option Agreement relating to the matters set forth herein, which
shall be terminated as of the date hereof.

  

    	 	10	 

     

    

 

		11.3	Headings

 

The headings
of this Agreement are for convenience only, and shall not be used to interpret, explain or otherwise affect the meanings of the
provisions of this Agreement.

 

		11.4	Language

 

This Agreement
is written in both Chinese and English language in four copies, each Party having one copy with equal legal validity; in case there
is any conflict between the Chinese version and the English version, the Chinese version shall prevail.

 

		11.5	Severability

 

In the event
that one or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance
with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not
be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid, illegal or unenforceable
provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties,
and the economic effect of such effective provisions shall be as close as possible to the economic effect of those invalid, illegal
or unenforceable provisions.

 

		11.6	Successors

 

This Agreement
shall be binding on and shall inure to the interest of the respective successors of the Parties and the permitted assigns of such
Parties.

 

		11.7	Survival

 

		11.7.1	Any obligations that occur or that are due as a result of this Agreement upon the expiration or
early termination of this Agreement shall survive the expiration or early termination thereof.

 

		11.7.2	The provisions of Sections 5, 7, 8 and this Section 11.7 shall survive the termination of this
Agreement.

 

		11.8	Waivers

 

Any Party
may waive the terms and conditions of this Agreement, provided that such a waiver must be provided in writing and shall require
the signatures of the Parties. No waiver by any Party in certain circumstances with respect to a breach by other Parties shall
operate as a waiver by such a Party with respect to any similar breach in other circumstances.

 

 

    	 	11	 

     

    

 

IN WITNESS WHEREOF,
the Parties have caused their authorized representatives to execute this Second Amended and Restated Exclusive Option Agreement
as of the date first above written.

 

	Party A: 	Tarena International Inc.	 
	 	 	 
	By: 	/s/ Han Shaoyun	 
	Name: 	Han Shaoyun	 
	Title: 	Director	 
	 	 	 
	 	 	 
	Party B: 	Tarena Technologies Group Inc.	 
	 	 	 
	By: 	/s/ Han Shaoyun	(Company
                                         seal affixed)
	Name: 	Han Shaoyun	 
	Title:  	Legal Representative	 
	 	 	 
	 	 	 
	Party C: 	Han Shaoyun	 
	 	 	 
	By: 	/s/ Han Shaoyun	 
	 	 	 
	 	 	 
	Party D: 	Beijing Tarena Jinqiao Technology Co., Ltd.	 
	 	 	 
	By: 	/s/ Han Shaoyun	(Company
                                         seal affixed)
	Name: 	Han Shaoyun	 
	Title: 	Legal Representative

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