Document:

Exhibit 10.2

 

Subscription
Agreement

 

NXChain, Inc.

11753 Willard Avenue

Tustin, California 92782

 

Ladies and Gentlemen:

 

The undersigned understands that NXChain,
Inc., a corporation organized under the laws of Delaware (the “Company”), is offering an aggregate of 8,000,000
shares of its common stock, par value $0.001 per share (the “Securities”), in a private placement. The undersigned
further understands that the offering is being made without registration of the Securities under the Securities Act of 1933, as
amended (the “Securities Act”), or any securities law of any state of the United States or of any other jurisdiction,
and is being made only to “accredited investors” (as defined in Rule 501 of Regulation D under the Securities Act).

 

1.                 
Subscription. Subject to the terms and conditions hereof, the undersigned hereby irrevocably subscribes for the Securities
set forth in Appendix A hereto for the aggregate purchase price set forth in Appendix A, which is payable as described in Section
‎4 hereof. The undersigned acknowledges that the Securities will be subject to restrictions on transfer as set forth in
this subscription agreement (the “Subscription Agreement”).

 

2.                 
Acceptance of Subscription and Issuance of Securities. It is understood and agreed that the Company shall have the
sole right, at its complete discretion, to accept or reject this subscription, in whole or in part, for any reason and that the
same shall be deemed to be accepted by the Company only when it is signed by a duly authorized officer of the Company and delivered
to the undersigned at the Closing referred to in Section ‎3 hereof. Subscriptions need not be accepted in the order
received, and the Securities may be allocated among subscribers. Notwithstanding anything in this Subscription Agreement to the
contrary, the Company shall have no obligation to issue any of the Securities to any person who is a resident of a jurisdiction
in which the issuance of Securities to such person would constitute a violation of the securities, “blue sky” or other
similar laws of such jurisdiction (collectively referred to as the “State Securities Laws”).

 

3.                 
The Closing. The closing of the purchase and sale of the Securities (the “Closing”) shall take
place at the principal executive offices of the Company, at 10:00 a.m. on April 20, 2016, or at such other time and place as the
Company may designate by notice to the undersigned.

 

4.                 
Payment for Securities. Payment for the Securities shall be received by the Company from the undersigned by wire
transfer of immediately available funds or other means approved by the Company at or prior to the Closing, in the amount as set
forth in Appendix A hereto. The Company shall deliver certificates representing the Securities to the undersigned at the Closing
bearing an appropriate legend referring to the fact that the Securities were sold in reliance upon an exemption from registration
under the Securities Act.

 

     

     

    

 

5.                 
Representations and Warranties of the Company. As of the Closing, the Company represents and warrants that:

 

(a)               
The Company is duly formed and validly existing under the laws of Delaware, with full power and authority to conduct its
business as it is currently being conducted and to own its assets; and has secured any other authorizations, approvals, permits
and orders required by law for the conduct by the Company of its business as it is currently being conducted.

 

(b)              
The Securities have been duly authorized and, when issued, delivered and paid for in the manner set forth in this Subscription
Agreement, will be validly issued, fully paid and nonassessable.

 

6.                 
Representations and Warranties of the Undersigned. The undersigned hereby represents and warrants to and covenants
with the Company that:

 

(a)               
General.

 

(i)                
The undersigned has all requisite authority (and in the case of an individual, the capacity) to purchase the Securities,
enter into this Subscription Agreement and to perform all the obligations required to be performed by the undersigned hereunder,
and such purchase will not contravene any law, rule or regulation binding on the undersigned or any investment guideline or restriction
applicable to the undersigned.

 

(ii)              
The undersigned is a resident of the state or foreign jurisdiction set forth on the signature page hereto and is not acquiring
the Securities as a nominee or agent or otherwise for any other person.

 

(iii)            
The undersigned will comply with all applicable laws and regulations in effect in any jurisdiction in which the undersigned
purchases or sells Securities and obtain any consent, approval or permission required for such purchases or sales under the laws
and regulations of any jurisdiction to which the undersigned is subject or in which the undersigned makes such purchases or sales,
and the Company shall have no responsibility therefor.

 

(b)              
Information Concerning the Company.

 

(i)                
The undersigned understands and accepts that the purchase of the Securities involves various risks, including the risks
outlined in this Subscription Agreement. The undersigned represents that it is able to bear any loss associated with an investment
in the Securities.

 

    2 

     

    

 

(ii)              
The undersigned confirms that it is not relying on any communication (written or oral) of the Company or any of its affiliates
as investment advice or as a recommendation to purchase the Securities. It is understood that information and explanations related
to the terms and conditions of the Securities provided by the Company or any of its affiliates shall not be considered investment
advice or a recommendation to purchase the Securities, and that neither the Company nor any of its affiliates is acting or has
acted as an advisor to the undersigned in deciding to invest in the Securities. The undersigned acknowledges that neither the Company
nor any of its affiliates has made any representation regarding the proper characterization of the Securities for purposes of determining
the undersigned’s authority to invest in the Securities.

 

(iii)            
The undersigned is familiar with the business and financial condition and operations of the Company. The undersigned has
had access to such information concerning the Company and the Securities as it deems necessary to enable it to make an informed
investment decision concerning the purchase of the Securities.

 

(iv)            
The undersigned understands that, unless the undersigned notifies the Company in writing to the contrary at or before the
Closing, each of the undersigned’s representations and warranties contained in this Subscription Agreement will be deemed
to have been reaffirmed and confirmed as of the Closing, taking into account all information received by the undersigned.

 

(v)              
The undersigned acknowledges that the Company has the right in its sole and absolute discretion to abandon this private
placement at any time prior to the completion of the offering. This Subscription Agreement shall thereafter have no force or effect
and the Company shall return the previously paid subscription price of the Securities, without interest thereon, to the undersigned.

 

(vi)            
The undersigned understands that no federal or state agency has passed upon the merits or risks of an investment in the
Securities or made any finding or determination concerning the fairness or advisability of this investment.

 

(c)               
Non-reliance.

 

(i)                
The undersigned represents that it is not relying on (and will not at any time rely on) any communication (written or oral)
of the Company as investment advice or as a recommendation to purchase the Securities, it being understood that information and
explanations related to the terms and conditions of the Securities shall not be considered investment advice or a recommendation
to purchase the Securities.

 

(ii)              
The undersigned confirms that the Company has not (A) given any guarantee or representation as to the potential success,
return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Securities
or (B) made any representation to the undersigned regarding the legality of an investment in the Securities under applicable legal
investment or similar laws or regulations. In deciding to purchase the Securities, the undersigned is not relying on the advice
or recommendations of the Company and the undersigned has made its own independent decision that the investment in the Securities
is suitable and appropriate for the undersigned.

 

    3 

     

    

 

(d)              
Status of Undersigned.

 

(i)                
The undersigned has such knowledge, skill and experience in business, financial and investment matters that the undersigned
is capable of evaluating the merits and risks of an investment in the Securities. With the assistance of the undersigned’s
own professional advisors, to the extent that the undersigned has deemed appropriate, the undersigned has made its own legal, tax,
accounting and financial evaluation of the merits and risks of an investment in the Securities and the consequences of this Subscription
Agreement. The undersigned has considered the suitability of the Securities as an investment in light of its own circumstances
and financial condition and the undersigned is able to bear the risks associated with an investment in the Securities and its authority
to invest in the Securities.

 

(ii)              
The undersigned is an “accredited investor” as defined in Rule 501(a) under the Securities Act. The undersigned
agrees to furnish any additional information requested by the Company or any of its affiliates to assure compliance with applicable
U.S. federal and state securities laws in connection with the purchase and sale of the Securities.

 

(e)               
Restrictions on Transfer or Sale of Securities. As applies to the undersigned:

 

(i)                
The undersigned is acquiring the Securities solely for the undersigned’s own beneficial account, for investment purposes,
and not with a view to, or for resale in connection with, any distribution of the Securities. The undersigned understands that
the Securities have not been registered under the Securities Act or any State Securities Laws by reason of specific exemptions
under the provisions thereof which depend in part upon the investment intent of the undersigned and of the other representations
made by the undersigned in this Subscription Agreement. The undersigned understands that the Company is relying upon the representations
and agreements contained in this Subscription Agreement (and any supplemental information) for the purpose of determining whether
this transaction meets the requirements for such exemptions.

 

(ii)              
The undersigned understands that the Securities are “restricted securities” under applicable federal securities
laws and that the Securities Act and the rules of the U.S. Securities and Exchange Commission (the “Commission”)
provide in substance that the undersigned may dispose of the Securities only pursuant to an effective registration statement under
the Securities Act or an exemption therefrom, and the undersigned understands that the Company has no obligation or intention to
register any of the Securities, or to take action so as to permit sales pursuant to the Securities Act (including Rule 144 thereunder).
Accordingly, the undersigned understands that under the Commission’s rules, the undersigned may dispose of the Securities
principally only in “private placements” which are exempt from registration under the Securities Act, in which event
the transferee will acquire “restricted securities” subject to the same limitations as in the hands of the undersigned.
Consequently, the undersigned understands that the undersigned must bear the economic risks of the investment in the Securities
for an indefinite period of time.

 

    4 

     

    

 

(iii)            
The undersigned agrees: (A) that the undersigned will not sell, assign, pledge, give, transfer or otherwise dispose of the
Securities or any interest therein, or make any offer or attempt to do any of the foregoing, except pursuant to a registration
of the Securities under the Securities Act and all applicable State Securities Laws, or in a transaction which is exempt from the
registration provisions of the Securities Act and all applicable State Securities Laws; (B) that the certificates representing
the Securities will bear a legend making reference to the foregoing restrictions; and (C) that the Company and it affiliates shall
not be required to give effect to any purported transfer of such Securities except upon compliance with the foregoing restrictions.

 

(iv)            
The undersigned acknowledges that neither the Company nor any other person offered to sell the Securities to it by means
of any form of general solicitation or advertising, including but not limited to: (A) any advertisement, article, notice or other
communication published in any newspaper, magazine or similar media or broadcast over television or radio or (B) any seminar or
meeting whose attendees were invited by any general solicitation or general advertising.

 

7.                 
Conditions to Obligations of the Undersigned and the Company. The obligations of the undersigned to purchase and
pay for the Securities specified in Appendix A and of the Company to sell the Securities are subject to the satisfaction at or
prior to the Closing of the following conditions precedent: the representations and warranties of the Company contained in Section
‎5 hereof and of the undersigned contained in Section ‎6 hereof shall be true and correct as of the Closing
in all respects with the same effect as though such representations and warranties had been made as of the Closing.

 

8.                 
Obligations Irrevocable. The obligations of the undersigned shall be irrevocable.

 

9.                 
Legend. The certificates representing the Securities sold pursuant to this Subscription Agreement will be imprinted
with a legend in substantially the following form:

 

“THE SECURITIES EVIDENCED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. THE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
EXCEPT (1) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE STATE SECURITIES LAWS AND THE SECURITIES LAWS OF OTHER
JURISDICTIONS, AND IN THE CASE OF A TRANSACTION EXEMPT FROM REGISTRATION, UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL
REASONABLY SATISFACTORY TO IT THAT SUCH TRANSACTION DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT AND SUCH OTHER APPLICABLE
LAWS.”

 

    5 

     

    

 

10.             
Waiver, Amendment. Neither this Subscription Agreement nor any provisions hereof shall be modified, changed, discharged
or terminated except by an instrument in writing, signed by the party against whom any waiver, change, discharge or termination
is sought.

 

11.             
Assignability. Neither this Subscription Agreement nor any right, remedy, obligation or liability arising hereunder
or by reason hereof shall be assignable by either the Company or the undersigned without the prior written consent of the other
party.

 

12.             
Waiver of Jury Trial. THE UNDERSIGNED IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY LEGAL
PROCEEDING ARISING OUT OF THE TRANSACTIONS CONTEMPLATED BY THIS SUBSCRIPTION AGREEMENT.

 

13.             
Submission to Jurisdiction. With respect to any suit, action or proceeding relating to any offers, purchases or sales
of the Securities by the undersigned (“Proceedings”), the undersigned irrevocably submits to the jurisdiction
of the federal or state courts located in the Borough of Manhattan in New York City, which submission shall be exclusive unless
none of such courts has lawful jurisdiction over such Proceedings.

 

14.             
Governing Law. This Subscription Agreement shall be governed by and construed in accordance with the laws of the
State of New York.

 

15.             
Section and Other Headings. The section and other headings contained in this Subscription Agreement are for reference
purposes only and shall not affect the meaning or interpretation of this Subscription Agreement.

 

16.             
Counterparts. This Subscription Agreement may be executed in any number of counterparts, each of which when so executed
and delivered shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement.

 

17.             
Notices. All notices and other communications provided for herein shall be in writing and shall be deemed to have
been duly given if delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid to the
following addresses (or such other address as either party shall have specified by notice in writing to the other):

  

	 	If to the Company:	NXChain, Inc.
	 	 	11753 Willard Avenue
	 	 	Tustin, California  92782
	 	 	Facsimile:   (714) 948-8209
	 	 	E-mail:         M1campbell@hotmail.com
	 	 	Attention:  Chief Executive Officer

 

    6 

     

    

 

	 	with a copy to:	Pryor Cashman LLP
	 	 	7 Times Square
	 	 	New York, New York  10036
	 	 	Facsimile:    (212) 798-6830
	 	 	E-mail:          ehellige@pryorcashman.com
	 	 	Attention:   Eric M. Hellige, Esq.
	 	 	 
	 	If to the Purchaser:	11753 Willard Ave. Tustin, CA 92782
	 	 	E-mail:          m1campbell@hotmail.com
	 	 	Attention:   Michael Campbell

 

18.             
Binding Effect. The provisions of this Subscription Agreement shall be binding upon and accrue to the benefit of
the parties hereto and their respective heirs, legal representatives, successors and assigns.

 

19.             
Survival. All representations, warranties and covenants contained in this Subscription Agreement shall survive (i)
the acceptance of the subscription by the Company and the Closing and (ii) the death or disability of the undersigned.

 

20.             
Notification of Changes. The undersigned hereby covenants and agrees to notify the Company upon the occurrence of
any event prior to the closing of the purchase of the Securities pursuant to this Subscription Agreement which would cause any
representation, warranty, or covenant of the undersigned contained in this Subscription Agreement to be false or incorrect.

 

21.             
Severability. If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction,
such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or
render unenforceable such term or provision in any other jurisdiction.

 

[SIGNATURE PAGE FOLLOWS]

    7 

     

    

IN WITNESS WHEREOF, the undersigned
has executed this Subscription Agreement this 20th of April, 2016.

 

	PURCHASER (if an individual):	PURCHASER (if an entity):
	
         

         

        By:_____________________

        Name:
	
        M1 Advisors LLC

        Legal Name of Entity

         

         

        By:  /s/ Michael Campbell

        Name: Michael Campbell

        Title: Managing Director

 

State/Country of Domicile or Formation:

State of California

 

 

Aggregate Subscription Amount:

US$2,830.00

 

The offer to purchase Securities
as set forth above is confirmed and accepted by the Company as to 283,042 shares of common stock.

 

	 	NXChain, Inc.
	 	
         

         

        By:  /s/ Michael Campbell_______

        Name: Michael Campbell

        Title: Chief Executive Officer

	 	 
	 	 

    8 

     

    

APPENDIX
A

Consideration
To Be Delivered

 

 

	Securities to Be Acquired	Aggregate Purchase Price to be Paid
	283,042 shares of common stock	US$ 2,830.00Exhibit 4.36

 

Technology Service Agreement 

 

Between

 

Beijing Ambow
Rongye Education and Technology Co., Ltd.

 

And

 

Beijing Ambow Shengying Education Technology
Co., Ltd. 

 

October 14, 2015

 

     

     

    

 

This Technology Service Agreement (this “Agreement”)
is entered into by the following parties on October 14, 2015:

 

(1) Beijing Ambow Rongye Education and
Technology 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 Room A636, 7th Floor, No.28 Xinxi
Road, Haidian District,Beijing and

 

(2) Beijing Ambow Shengying Education Technology
Co., Ltd. (“Party B”), a limited liability company duly established and validly existing under the laws of China,
with its registered address at Room A1805,18th Floor, No.18 North Taipingzhuang Road, Haidian District,Beijing

 

WHEREAS:

 

(1) Party A engages in education information
consulting, business administration consulting and commercial consulting (excluding broker services); business marketing and planning;
internal employee training;

 

(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 Party A 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 that hereunder and to appoint
other entities or individuals to provide the technology service hereunder.

 

Section 2 – Scope of Service

 

See Appendix 1 for the scope of relevant technology
service provided by Party B to Party A.

 

Section 3 – Service Fee 

 

3.1 The Parties hereto agree that the fee
for the technology service hereunder shall be determined and paid as specified in Appendix 2.

 

     

     

    

 

3.2 If Party A fails to pay service fee and
other fees in accordance with the provisions of this Agreement, Party A shall pay Party B liquidated damages at [0.05%] per day
for the overdue amount.

 

3.3 Party B shall have the right to, at its
own expense, appoint one of its employees or a certified public accountant it engages (“Party B’s Authorized Representative”)
to examine Party A’s accounts in order to review the calculation method and amount of the service fee. To that end, Party
A shall provide Party B’s Authorized Representative with documents, accounts, records, data, etc. that are necessary to audit
Party A’s accounts and to determine the amount of the service fee. Unless there is any significant error, the amount of the
service fee shall be as determined by Party B’s Authorized Representative.

 

3.4 Unless as otherwise agreed by the Parties,
the service fee payable to Party B by Party A hereunder shall not be subject to any deduction or offset (e.g. bank charges).

 

3.5 In addition to the service fee described
above, Party A shall pay Party B with the actual costs incurred by Party B for rendering consulting services hereunder, including
without limitation, traveling expenses, car fare, printing expenses and postage.

 

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 agree 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 

 

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: Beijing Ambow Rongye Education and Technology Co., Ltd. (Corporate Seal)	 
	 	 	 
	Authorized Representative:	/s/	 
	Name:	 	 

 

	Party B: Beijing Ambow Shengying Education Technology Co., Ltd. (Corporate Seal)	 
	 	 	 
	Authorized Representative:	/s/	 
	Name:	 	 

 

     

     

    

 

Appendix 1

 

Scope of Service

 

1. Providing Party A with programs relating
to education and training;

 

2. Providing Party A’s employees with
proper training, technical support and assistance, including without limitation training and technical support for education programs;
and

 

3. Providing Party A with administration
and consulting services necessary for Party A’s business operations, including without limitation administration and consulting
for education programs.

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