Document:

English Translation of Technology Development Agreement

 Exhibit 10.35 
 Technology Development Agreement 
 Agreement Registration No.: 03110030000261 
 Technology Development Agreement 
 Project Name:
Technology Development and Service of “Online Renda” 
 Trustor (Party A): Online Education College of Renmin University of China 
 Trustee (Party B): CMR Web Learning Co., Ltd. 
 Place:
Beijing 
 Date: July 15, 2003 
 Term of Validity: From January 1, 2003 to December 31, 2005 
 Beijing Administrative Office of Technology Market

 Explanatory Notes On Filling the Forms 
  

	I.	“Agreement registration No.” shall be filled in by the technological contract registry. 

  

	II.	Technology Development Agreement refers to the agreement signed by the parties regarding the research and development of new, technologies, products, techniques and materials and
its systematic development. 

  

	III.	The planned projects shall be marked with the level of the plan: the level of ministries and commissions under the State Council, provinces, autonomous regions, municipalities
directly under the Central Government, cities specifically designated in the state plan, prefectures or cities (counties). For projects not mentioned above, “/” shall be drawn in the column. 

  

	IV.	Content, scope and requirements of object technology 

 The
development goals, usage scope, technological and economic indicators and results shall be included. 
  

	V.	Plan for research and development 

 The development stages,
technological problems to be solved at different stages, achieved goals and deadline of the projects related to the parties involved shall be included. 
  

	VI.	Means of Performance (including ways of submitting results and quantity to be submitted) 

  

	 	1.	Product designs, technology procedures, prescriptions of materials and other technological documents including blueprints, theses and reports; 

  

	 	2.	Magnetic disks, Compact Discs, tapes and computer softwares; 

  

	 	3.	New species of animals, plants, or microorganism; 

  

	 	4.	Samples and prototype machines; 

  

	 	5.	Technical equipments sets. 

  

	VII.	Confidentiality of technological information and materials 

 The content and expiration of the duty of confidentiality owed by the parties on the information and materials, as well as the responsibility for leaking technological secrets shall be included. 
  

	VIII.	If the parties agree that there is no need to fill in certain articles of this Agreement, “/” shall be drawn in the blank. 

  

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 This Agreement was concluded by the two parties on technology development of the project Technology
Development and Service of “Online Renda” (the project belongs to the plan of / 

) in conformity with the Contract Law of the People’s Republic of China upon unanimity through consultation. 
  

	I.	Technology, content, scope and requirement of object 

 

 CMR Web Learning Co., Ltd. (hereinafter referred to as “the Company”) engaged
in online education service for the whole people, including technology development, technology transfer, technological consultation, technological training and other technological services of IT industry. Online Education College of Renmin
University of China (hereinafter referred to as “the School”) is the pioneer in online education and the largest online school in China, taking a definitely leading position in this field. As entrusted by the School, the Company will
assume the task of setting up a “virtual school” of “Online Renda”, and more advanced technological demand and new development missions presented along with the ceaseless progress and development of online education of the
School. The Company will be responsible for development and application of further education model and technological application platform for online education, provide development of online courses and associated operating and management service of
online enrolment, teaching and educational administration. Based on the capital support and investment from the School, the Company will guarantee the leading position of the School in technology at home and abroad. “Management system for
modern distance learning” mainly composes the development, including: subsystem for enrolment management; subsystem for education administration; subsystem for course making; subsystem for students’ learning; subsystem for textbook
management, subsystem for teaching website management; subsystem for BBS management; subsystem for news bulletin management; subsystem for financial management; subsystem for inquiries statistics, etc. The Company will also develop and produce 250
online courses in at least 9 specialities. (The associated technological materials are of equal authenticity. Due to its large quantity, the technological materials are not attached to this Agreement but kept in Company for reference at any time).
The income of development, maintenance and upgrade of the online technical platform and relevant service in the year 2003 is expected to exceed RMB 40,000,000 Yuan. 
  

	II.	Technological indicators and parameters due to be reached 

 

 Technological indicators and parameters: 
  

	 	1.	“Management system for modern distance learning” shall manage distance learning activities including enrolment, students’ management and online learning of
30,000-50,000 users. 

  

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	 	2.	“Management system for modern distance learning” shall support distance learning management and learning operation of at least “5,000 users/day” at peak time of
Online Education College of Renmin University of China’s online teaching. 

  

	 	3.	The progress of online courses’ development shall meet the requirement of teaching plan. 

 Note: the articles marked with 

 shall be filled in according to the explanatory notes 
  

	III.	Research and development plan 

 

  

	 	•	 	 Jan. 2003-Dec. 2003 

  

	 	•	 	 Develop 12 subsystems of the distance learning management system and deliver the basis edition to Party A to use, including: subsystem for enrolment management;
subsystem for education administration; subsystem for educational administration; subsystem for course making; subsystem for students’ learning; subsystem for textbook management, subsystem for teaching website management; subsystem for BBS
management; subsystem for news bulletin management; subsystem for financial management; subsystem for inquiries statistics; and subsystem for system management. 

  

	 	•	 	 Develop 80 online courses in 9 specialties according to the demand of Party A’s teaching plan. 

  

	 	•	 	 Study the new demand in the School’s business, initiate new demand analysis and development. 

  

	 	•	 	 Provide appropriate technological support and management service. 

  

	 	•	 	 Jan. 2004-Dec. 2004 

  

	 	•	 	 Plan to develop “online thesis management system”, “research study management system”, “online course update system” and “system
for examination question bank management and automatic generation of examination paper”, etc. for students, as well as other system demand raised in online teaching practice of Party A 

  

	 	•	 	 Develop 60 online courses in 9 specialties according to the demand of Party A’s teaching plan 

  

	 	•	 	 Improve and update the existing management systems and their stability 

  

	 	•	 	 Provide appropriate technological support and management service 

  

	 	•	 	 Jan. 2005-Dec. 2005 

  

	 	•	 	 Plan to develop distance learning resources management system, learning and management system for process 

  

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appraisal, course resources making system, customized learning service management system, etc. and new system demand raised immediately in online teaching
practice of Party A 

  

	 	•	 	 Develop 70 online courses in 9 specialties according to the demand of Party A’s teaching plan 

  

	 	•	 	 Continue to improve and upgrade the existing management systems and their stability 

  

	 	•	 	 Provide appropriate technological support and management service 

  

	IV.	Fund and reward for research and development and way of payment or settlement 

  

	 	(I)	Research and development fund is the cost required for research and development of this project. Reward is the fee for use of development results of this project and scientific
research subsidy for researchers and developers. 

 Fund and reward for research and development of this project (in words) is
anticipated RMB 90,000,000 
  

	 	(II)	Way of payment 

  

					
	 �      

	 	payment in full	  	Yuan, time:    before
	 ‚        
	 	payment by installments	  	Yuan, time:
		 		  	Yuan, time:
	 ƒ       
	 	deduct    % from the profit, deadline:
	 „        
	 	deduct    % from the total sales, deadline:
	 ...     
	 	other ways: a. payment in full 28,000,000 Yuan (within 5 days as of the date of signature) b. deduct 40% from the tuition fee (payment according to annual clearing, time: before
December 31 of each year).

  

	V.	The property right of facilities, equipments and materials purchased with fund for research and development belongs to CMR Web Learning Co., Ltd. 

  

	VI.	Duration, place and mode of execution 

 The Agreement shall
be executed from January 1, 2003 to December 31, 2005 in Beijing. 
 Mode of performance 

 
 Develop and upgrade according to Party A’s demand and conduct irregular maintenance. 

 

	VII.	Confidentiality of technological information and materials 

 

 Party A and Party B agree and acknowledge that this agreement and attached materials
are unique and confidential. If one party disclose them to the third party without the permission of the other party, causing serious losses to its business or other 

  

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rights and interests, 10% of the settlement amount of the previous year in monetary fund shall be compensated; the two parties shall instruct their employees
to abide the duty of confidentiality provided in this article, and require their employees to sign confidentiality agreement. 
  

	VIII.	Technological cooperation and guidance 

 Party B shall
provide manpower, material resources, financial resources and other technological and commercial service for Party A fully and immediately according to the demand raised frequently or changed by Party A; listen to the opinions and suggestions of
Party A to improve the work and service quality; Party B ensures the leading position of service technology under this agreement in modern distance online education in China. 
 For the sake of lone-term stability of technological cooperation and development, Party A undertakes that Party B is its only technological service
provider; Party A promise to provide necessary assistance and cooperation for Party B’s service; Party A will negotiate the change of technological demand with Party B timely according to its own commercial development and demand for change in
order that Party B could arrange resources reasonable and effectively, as well as meet the requirement for technology development and support of Party A; Party A shall examine and confirm the online education platform and courses developed by Party
B; Party A shall be responsible for the whole work directly related with teaching and educational administration of online education. 
  

	IX.	Ownership and sharing of technological results 

  

	 	(I)	Patent application right: 

 The copyright and relevant
intellectual property of the online education technical platform and online courses developed by Party B belongs to itself. Party B authorizes Party A the exclusive right to use the online education technical platform and courses during the valid
term of this agreement. The patent application right belongs to Party B. 
  

	 	(II)	Right of use and transfer of technological secrets 

 Any
party is entitled to redevelop on the online education platform; the intellectual property of the part redeveloped by one party independently belongs to the developer exclusively, and the other party enjoys the right of paid use during the valid
term of this agreement. The intellectual property of the development by both parties belongs to themselves together; any party has independent right of use without any payment to the other party. 
 The ownership of this technological project can not be transferred to the third party without the consent of the other 

  

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party. If the transfer is necessary, the party involved shall pay the other party the compensation, which shall be decided through negotiation. 

 

	X.	Standard and method for check and acceptance 

 Having
reached the technological indices listed in article 2 of this agreement, the technological results of the research and development shall be checked and accepted by the expert acceptance team formed by Party A and Party B according to the standard
agreed on by the two parties, and the acceptance certificate for technological project shall be issued by Party A. 
  

	XI.	Risk liability 

 In the execution of this agreement, if
losses are caused by part of entire failure of the research and development due to the insurmountable technological difficulties under the current condition and standard, Party A shall undertake 30% of the risk liability and the remaining 70% shall
be undertaken by Party B. 
 The method to confirm the risk liability of this project: 
 The risk liability shall be confirmed in proportion to the investments in this project from the two parties in conformity with the Contract Law.

  

	XII.	Calculation of penalty or compensation for damage 

 The
defaulting party which violates of this agreement shall assume the liability of default according to the relevant articles of the Contract Law of the People’s Republic of China. 
  

	 	(I)	where Party A violates articles 4 or 7 of this agreement, it shall assume the following liability: if exceeding the provided payment date, it shall pay penalty of 0.3‰ of the
current settlement amount or terminate the agreement and compensate for all the losses arising therefrom of Party B. 

  

	 	(II)	where Party B violates article 1, 2, 3 or 7 of this agreement, it shall assume the following liability: Party A is entitled to ask Party B to compensate the amount equal to 10% of
the total settlement amount of the previous year, or the whole losses arising therefrom of Party A. 

  

	XIII.	Way of dispute settlement 

 The disputes arising from the
execution of this agreement, which cannot be settled through conciliation or mediation by the parties involved, shall be settled through arbitration or judicial proceedings. 
  

	 	(I)	The two parties agree the arbitration shall be submitted to Beijing Arbitration Commission. 

  

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	 	(II)	The two parties agree to sue to the people’s court of (the place of the defendant’s residence, place of execution and signing of the agreement, place of the
plaintiff’s residence and place of the object). 

  

	XIV.	Explanation of terms and terminologies 

 Online course:
media products designed from course resources following learning law and developed with network and multimedia technology. Online courses may be put on 3W server to transmit teaching information via Internet, at the same time the clients may learn
on Web browser. 
 Online learning: learning in “virtual classroom” on the basis of the resources (course resources and Internet
resources) which is delivered through communication on computers, including email, computer conference system, online database and file transfer, etc. This way of learning casts off the restrictions of traditional one on time and space of the
learners. 
  

	XV.	Miscellaneous 

 This agreement has 6 copies in the same
form, and the two parties shall each keep 3 copies. Any amendment to this agreement shall be effective with the consent of the two parties as well as signatures and seals. 
  

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	 Trustor
 (Party A)
	  	Title (or name)	    	 Online Education College of Renmin
 University of
China
	 	  
  
  
  
  
  
  
  
  
  
  
  
 Online
 Education
 College of
 Renmin
 University of

 China (Seal)
  
 July 15, 2003
	 	
		  	  
 Legal
 representative
	    	Gu Zonglian (Seal)	 	 
		  	  
 Authorized
 representative
	    		 	 
		  	  
 Contact
 (Transactor)
	    	  
 Fang Fang
	 	 
		  	  
 Residence
 (Correspondence
 address)
	    	  
 No.
59,                                Postcode      
  100872
 Zhongguancun
 Street, Haidian
 District, Beijing
	 	 
		  	  
 Tel
	    	  
 62512442        Fax                62512444
	 	 
		  	  
 Bank of deposit
	    	  
 Xidan Sub-office, Chang’an Sub-branch,
 Industrial and Commercial Bank of China
	 	 
		  	  
 Account No.
	    	  
 0200013309200008573
	 	 
	 Trustor
 (Party B)
	  	  
 Title (or name)
	    	  
 CMR Web Learning Co., Ltd.
	 	  
  
  
  
  
  
  
 Special Seal
 for
 Agreement of
 CMR Web
 Learning Co.,
 Ltd. (2)
  
 July 15, 2003
	 	
		  	  
 Legal
 representative
	    	  
 Wang Gongquan (Seal)
	 	 
		  	  
 Authorized
 representative
	    		 	 
		  	  
 Contact
 (Transactor)
	    	  
 Zhang Xionghua
	 	 
		  	  
 Residence
 (Correspondence
 address)
	    	  
 Room 201, No.
10,            Postcode        100071
 Xinghuo
Road,
 Fengtai District,
 Beijing
	 	 
		  	  
 Tel
	    	  
 83913173        Fax                83913165
	 	 
		  	  
 Bank of deposit
	    	  
 Xidan Sub-office, Chang’an Sub-branch,
 Industrial and Commercial Bank of China
	 	 
		  	  
 Account No.
	    	  
 0200013309006635816
	 	 

  

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 Supplementary Agreement 
 This agreement was signed by the two parties involved on April 15, 2004: 
 Party A: Online Education College of
Renmin University of China 
 Party B: CMR Web Learning Co., Ltd. 
 Whereas: 
  

	1.	Service Agreement (hereinafter the Service Agreement) was signed between the two parties on March 31, 2003; 

  

	2.	Technology Development Agreement (hereinafter the “Technology Development Agreement”) was signed between the two parties on July 15, 2003; 

 

	3.	In order to further clarify the content of Service Agreement and Technology Development Agreement and confirm their own rights and obligations, the two parties signed this
Supplementary Agreement on the date at the top of the agreement. 

 The following agreement was concluded between the two parties through
friendly negotiation: 
  

	1.	The Service Agreement shall maintain effective, and the Technology Development Agreement shall be the supplement to the Service Agreement; 

  

	2.	Where there is inconsistency between the Service Agreement and Technology Development Agreement, the Technology Development Agreement shall prevail; 

  

	3.	The content not clearly agreed on in the Technology Development Agreement shall be referred to that in the Service Agreement as the standard. 

  

					
	Party A: Online Education College of Renmin University of China (Seal)
			
	By:	 	 /s/ Gu Zonglian
	 	
	Name:	 	Gu Zonglian	 	
		
	Party B: CMR Web Learning Co., Ltd. (Seal)	 	
			
	By:	 	 /s/ Wang Gongquan
	 	
	Name:	 	Wang Gongquan	 	

  

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 Revenue stamp shall be pasted here 
 Column for examination and registration of the registration department: 
  

			
	Transactor:	 	 /s/ Dou Guilian

 Registration department for technological contract (special seal) 
 August 6, 2003 
  

 11English Translation of Service Agreement dated March 31, 2003

 Exhibit 10.36 
 Service Agreement 
 SERVICE AGREEMENT 
 This Agreement was entered into by the following parties as of March 31, 2003: 
 Party A: Online Education
College of Renmin University of China 
 Party B: CMR Web Learning Co., Ltd., a limited-liability company duly organized and legally
existing in accordance with the laws of the People’s Republic of China. 
 Whereas: 
  

	A.	Party A is an institution engaging in the online education with or without records of formal degree authorized by the State, in order to further improve its online education level
and to provide the students with a better online education environment, Party A intends to greatly enhance its hardware and software platform, to further raise its reputation, expand and optimize the sources of its students through incorporating
management skills of modern enterprises and through market promotion; 

  

	B.	Party B is a professional company engaging in the computer and internet technologies and services and has strong technological expertise and practical experiences. At the same time,
Party B has abundant practical experiences and good reputation in providing technological services to the modern online and distance education; 

  

	C.	Party A intends to acquire the exclusive technological and commercial services of Party B in the development, application and management of the technologies related to online
education. Party B is willing to provide Party A with relevant technologies and commercial services. 

 After friendly negotiation, the two
parties agree as follows: 
 Article 1. Contents of Services Provided by Party B 
 Within the valid period of this Agreement, Party A agrees that Party B shall provide Party A with the technologies and commercial services related to its online education projects, the specific contents of the
services shall be agreed by both parties in the appendixes of this Agreement. 
 Article 2. Service Fees 
  

	I.	It’s agreed by both parties that considering all the service provided according to this agreement and its appendixes, the service fee and payment principles are as follows:

  

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 Both parties agree that the revenue of Party A shall firstly be used to cover such expenditures as the
administration fee submitted by Party A to Renmin University of China, the teaching expenses of Party A and the management fee to be paid by Party A to out-school service stations. Conditioning on ensuring the balance of revenue and expenditure of
Party A, the main revenue of Party A shall be mainly used for the technological development and construction of the online education. 
 In
accordance with the contents of the technological services for the online education stated in this Agreements and its appendixes, both parties agree that the Service Fees for 2001 and 2002 shall be paid as of the amount stated in the appendixes of
this Agreement. From 2003, according to the anticipated cost to be borne by Party B as to the prospective scale of Party A’s online education, Party A agrees to use about 67% of its revenue for the online education in all kinds of technological
developments and construction inputs for the online education. The input of Party A to technical development and construction shall be the payment of the Service Fees to Party B for the expansion of the online education and the technological
researches and developments in accordance with this Agreements and its appendixes. The unit for the Service Fees (“Party B’s Revenue”) is the semester of the online education with record of formal degree decided by Party A, and Party
B’s Revenue shall be paid after the tuition payment period of each semester (“Period”) at the amount of 67% of all tuitions received for the Period (see the appendixes of this Agreement for the specific amount and manner of the
payment). After 2003, the aforementioned proportion may be adjusted by both parties according to the anticipated cost to be borne by Party B as to the prospective scale of Party A’s online education. 
  

	II.	Manner of Payment 

  

	1	Both parties agree that the Service Fees for 2001 and 2002 shall be paid by Party A to Party B in two parts: by March 31 and September 30 of the year separately;

  

	2	Both parties agree: from 2003, Party A shall, within 1 month after receiving the tuition for each semester, account for the expenses of the Period, decide the specific amount of the
revenue of the Period, and account for the specific amount of the Service Fees to be paid to Party B in accordance with this Agreement. After the authorized representatives of both parties sign as confirmation, Party A shall pay Party B within 15
business days from the day of confirmation. In case of disputes regarding the ultimate amount of the Service Fees between Party A and Party B, Party A shall ensure the payment to Party B in the amount accepted by Party A within 2 months after the
enrolment and receiving payment for each semester. 

  

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 Article 3. Obligations of Both Parties 
  

	I	Obligations of Party B 

  

	1.	Party B shall, in accordance with the provisions of this Agreements and its appendixes and the needs put forward and changed by Party A from time to time, timely and sufficiently
provide Party A with relevant technological and commercial services; 

  

	2.	Party B shall accept the supervision and examination of Party A on the performance of its obligations under this Agreement, listen to the opinions and suggestions of Party A,
actively improve and perfect its work, and improve the quality of the services; 

  

	3.	Party B shall ensure that it will immediately notify Party A whenever there is any unpredictable circumstance that may affect the normal operation of Party B;

  

	4.	Party B shall ensure that, within the valid period of this Agreement, it has and will continue to have the qualifications and conditions for the performance of its obligations under
this Agreement, and shall ensure that the technologies for the services that it provides to Party A under this Agreement are always leading the relevant technological fields of the modern distance online education in China. 

 

	II	Obligations of Party A 

  

	1.	Party A agrees to pay Party B all service fees prescribed in this Agreement and its appendixes on time; 

  

	2.	Party A understands that: Party B needs to input a great deal of money, materials and labour for the technological development, purchase of equipments, employment and training of
the staff so as to perform its obligations under this Agreement and its appendixes. At the same time, Party B also needs to increase its input in all aspects so as to maintain the leading position of the services it provides in relevant
technological fields of the modern distance online education for a long term. Therefore, Party A agrees that, within the valid period of this Agreement and the scope of the services prescribed in this Agreement, Party B shall be the sole service
provider of Party A, and Party A shall not entrust the services related to this Agreement and its appendixes to any third party other than Party B without the prior written permission of Party B. 

  

	3.	Party A ensures that it will provide necessary assistance and cooperation to the services provided by Party B in accordance with this Agreement, and Party A shall inspect and
confirm the CAI software developed and made by Party B. 

  

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	4.	Party A shall be responsible for all work directly related to the teaching and management of teaching affairs in the online education. 

  

	5.	Party A promises that when Party A needs to carry out any business cooperation with other enterprises, Party B or its affiliates shall have the priority under the same conditions.

 Article 4. Confidentiality 
  

	1.	Both parties agree and acknowledge that the materials of any party related to this Agreement and its appendixes are unique and confidential materials of the party, the disclosure of
such confidential materials by the other party to any third party without the approval of the holding party shall lead to serious losses of its business and other rights and interests, and monetary compensation are sufficient to recover the losses
caused by the disclosure. 

  

	2.	Both parties agree and acknowledge that the confidential materials disclosed are and will continue to be the exclusively owned assets of the holding party. Relevant materials
provided by each party to the other party shall only be used for the signing and performance of this Agreement. 

  

	3.	Both parties shall only disclose the confidential materials to: (1) the senior employees of both parties who are mainly responsible for the negotiation and performance of this
Agreement and relevant employees, and (2) the agents, consultants, advisers and other representatives formally appointed by both parties. 

  

	4.	The aforementioned limits shall not apply to: 

  

	 	(1)	materials that can be generally acquired by the public at the time of disclosure; 

  

	 	(2)	materials that can be generally acquired by the public after the disclosure not due to the faults of the receiving party; 

  

	 	(3)	materials that the receiving party can prove that it has already acquired before the disclosure and are not directly or indirectly acquired from the other party;

  

	 	(4)	the confidential materials that any party is obligated to disclose to relevant government departments and stock exchange institutions according to law, and any party discloses to
its direct legal advisers and financial advisers as to the needs of its normal operation; 

  

	 	(5)	the written permission of the providing party (the other party) of the confidential materials has been acquired for the disclosure and use of such confidential materials;

  

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	 	(6)	in the event Party B needs financing or needs to raise funds, it may disclose relevant materials to the investing party, but the investing party must sign relevant confidentiality
agreement beforehand, and the contents of the confidentiality agreement shall be the same with the contents of this Agreement. 

 Each party
shall urge its directors, senior employees and other employees, and the directors, senior employees and other employees of its affiliates to perform the confidentiality obligation prescribed in this article and shall require relevant employees to
sign the confidentiality agreement. 
 Article 5. Liability for Breach of Contract 
 In the event Party A fails to pay Party B in accordance with this Agreement and its appendixes, Party B is entitled to charge the overdue interest of 0.03% per day for the outstanding payment and notify Party A
to perform its payment obligation within a period. In the event Party A refuses to perform its payment obligation within the prescribed time limit or a reasonable time limit, Party B is entitled to suspend providing the services stated in this
Agreement and its appendixes till Party A performs its payment obligation, and is entitled to require Party A to compensate all its losses thus induced. 
 In the event Party B fails to provide Party A with the services stated in this Agreement and its appendixes according to the requirements of Party A and causes damages to the teaching activities and teaching quality of Party A, Party A is
entitled to require Party B to compensate all its losses thus induced. 
 In the event Party A entrusts the services related to this Agreement and its
appendixes to any third party other than Party B without the prior written permission of Party B, the fees for such services shall be borne by Party A itself and must not be deducted from the payment due to paid to Party B, and Party A shall
compensate all losses of Party B thus induced. 
 Article 6. Force Majeure 
  

	1.	 Force majeure refers to any event that can not be controlled or foreseen by each party or both parties or can not be avoided if can be foreseen, and that happens
after the signing of this Agreement and causes any party unable to fully or partly perform this Agreement. Such events shall include but not be limited to: riot, explosion, fire, flood, earthquake and other natural disasters and war, civil
commotion, intended destruction, expropriation, confiscation, sovereign actions of the government, changes of 

  

 5 

	 	 
the laws, stop of the cooperation between both parties for failing to acquire the approval of the government on relevant matters or due to relevant mandatory
rules and requirements of the government, and other major events or emergencies. 

  

	2.	In case of any force majeure event, the affected party shall notify the other party without delay in the most convenient manner, and shall, within fifteen (15) days after the
force majeure event, provide the other party with the detailed written report of the event. The affected party shall take all reasonable actions to eliminate the influences of the event and reduce the losses caused by the event to the other party.
Both parties shall, according to the influence of the force majeure event to the performance of this Agreement, decide whether to terminate or postpone the performance of this Agreement, or whether to partly or fully absolve the affected party from
its obligations under this Agreement. 

 Article 7. Resolution of Disputes 
  

	1.	In the event of any dispute caused by this Agreement or with respect to the construction and performance of this Agreement, both parties shall first resolve the dispute through
friendly negotiation. In the event both parties fail to reach an agreement on the dispute within 60 days after the beginning of the negotiation, either party may submit the relevant dispute to China International Economic and Trade Arbitration
Commission for arbitration in accordance with its rules effective at that time. 

  

	2.	The arbitration award shall be final and binding on both parties. 

  

	3.	During the pending arbitration of any dispute, both parties shall continue to perform the rest parts of this Agreement other than the matters under dispute,

 Article 8. Validity & Others 
  

	1.	This Agreement shall be signed and sealed officially by the authorized representatives of both parties and shall be effective as of January 1, 2001. 

 

	2.	The valid period of this Agreement shall be 50 years, starting from the effective date above. 

  

	3.	When this Agreement expires, the pending creditor’s rights and liabilities of both parties shall not be affected. The debtor shall continue the payment of its liabilities to
the creditor. 

  

	4.	 When any clause of this Agreement becomes void for violating relevant laws or regulations, the void clause shall be deemed dispensable and deleted. The other
clauses shall remain valid if not affected. But both parties of this Agreement shall stop 

  

 6 

	 	 
the performance of the void, invalid and unenforceable clause, and shall revise it to be valid, effective and enforceable for the certain facts and
circumstances within the scope that is closest to its original meaning. 

  

	5.	This Agreement shall be in Chinese and in quadruplicates.Each party shall hold two copies. Any translation of this Agreement shall have no legal force. 

  

	6.	Any change, revision, increase or decrease to the clauses of this Agreement must be made with the written amendment or supplementary agreement of this Agreement which can only be
effective after being signed by the authorized representatives of both parties.The amendment or supplementary agreement shall be an integral part of this Agreement, and shall have the same legal force with this Agreement. 

 

	7.	Any tolerance, grace period or delayed performance of the rights or powers under this Agreement by any party to any breach or delay of the other party shall not be deemed as it
waives the rights and powers, and shall not affect, influence or limit all rights and powers of the party under this Agreement and relevant laws and regulations; the separate or partial performance of any right, power or remedy under this Agreement
shall not hinder the further performance or other rights, powers or remedies. 

  

	8.	During the performance of this Agreement, all formal notices of both parties shall be made in writing and delivered by facsimile transmission. 

 This Agreement constitutes the entire understanding between both parties on the contents of this Agreement, which shall take the place of any previous written and oral
discussion, agreement or statement, no matter whether they are executed by the transferor or transferee. 
  

 7 

 (Execution Page) 
 Party A: Online Education College of Renmin University of China 
  

			
	By:	 	 /s/ Lin Gang

	Name:	 	Shawn Ding
	Title:	 	

 Party B: CMR Web Learning Co., Ltd. 
  

			
	By:	 	 /s/ Wang Gongquan

	Name:	 	Wang Gongquan
	Title:	 	

  

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 APPENDIX OF SERVICE AGREEMENT—TECHNOLOGICAL & COMMERCIAL SERVICES 
  

	I.	Contents of Services 

  

	1.	Party B shall provide the exclusive consultation services to the purchase of relevant equipments and systems needed in the online education project of Party A, including but not
limited to the suggestions on the choice of all kinds of tool software, applications and technological platforms, installation and debugging of systems, and the purchase, specifications and functions of all kinds of accessory hardware facilities,
equipments and circuit resources. 

  

	2.	Use of hardware equipments 

 Apart from the hardware
equipments purchased by Party A itself, Party B shall provide the hardware equipments needed for Party A’s purpose of online education for the use of Party A, including but not limited to: servers and PCs. Party B shall also, in accordance with
the expansion of the scale of Party A’s online education and the gradual improvement of the technological requirements, make corresponding renewal and upgrading to relevant hardware equipments, and shall provide timely solutions or backups in
case there is any breakdown or technological problem of the aforementioned hardware equipments. 
  

	3.	Trainings 

 On Party A’s demand, Party B shall provide
regular technological trainings on the use of relevant hardware, technological platform and relevant software to Party A’s staff. 
  

	4.	Website use services 

  

	 	(1)	On Party A’s demand, Party B shall apply for and register a website with the domain name of www.cmt.com.cn. 

  

	 	(2)	Party B promises that Party A shall be entitled to the paid and exclusive use of the website for its online education. 

  

	 	(3)	Party B shall design the web pages of the website as to the features and demands of Party A for its online education, and renew and/or redesign the web pages from time to time on
Party A’s demand. 

  

	5.	Market promotion services 

 Party B shall, using its
advantages and strong points and with the purpose of expanding the influence and reputation of Party A’s online education, provide such services as marketing and promotion to Party A’s online education, including but not limited to:
assisting Party A to arrange the marketing in media advertisements and assisting Party A to carry out the extra-curricular practices and entertainments for its students. 
  

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	6.	Labour services 

 Party B shall, provide Party A with any
labour services that Party A needs to entrust others during its operation and management of the online education. 
  

	II.	Service Fees 

 In accordance with the principles for the amount and payment
of the service fees agreed by both parties in the Service Agreement, Party A agrees to pay the service fees to Party B for the services stated in this Appendix as to the following standards: 
 In accordance with the development needs of Party A’s online education and the service demands continuously put forward by Party A, both parties reach the following
agreement on the service fees: the amount for the year 2001 shall be RMB fourteen million five hundred and two thousand three hundred and thirty-three Yuan (RMB 14,502,333); the amount for the year 2002 shall be RMB eighteen million twenty-seven
thousand eight hundred and fifty-nine Yuan (RMB 18,027,859); from the year 2003, the amount for each period shall be 26.8% of the revenue of the period, the sum of the all periods in each calendar year shall be the service fees to be paid by Party A
to Party B for the aforementioned services for the year. 
 Party A shall pay RMB six million six hundred and eighty-two thousand and fifty-four Yuan (RMB
6,682,054) and RMB seven million eight hundred and twenty thousand two hundred and seventy-nine Yuan (RMB 7,820,279) respectively by March 31, 2001 and September 30, 2001; and shall pay RMB nine million one hundred and fifty-five thousand
five hundred and eighty Yuan (RMB 9,155,580) and RMB eight million eight hundred and seventy-two thousand two hundred and seventy-nine Yuan (RMB 8,872,279) respectively by March 31, 2001 and September 30, 2002. 
  

	III.	Intellectual property rights 

  

	1.	Copyright of the web page designs: the copyright of the web page designs for the website formed for the performance of this Agreement belongs to Party B, Party A shall enjoy the
paid exclusive right to use the web page designs during the valid period of this Agreement. 

  

	2.	Intellectual property rights related to the contents of the website: they shall be enjoyed by Party A or the providers of relevant contents in accordance with relevant laws and
regulations. 

  

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 (Execution Page) 
 Party A: Online Education College of Renmin University of China 
  

			
	By:	 	 /s/ Lin Gang

	Name:	 	Lin Gang

 Party B: CMR Web Learning Co., Ltd. 
  

			
	By:	 	 /s/ Wang Gongquan

	Name:	 	Wang Gongquan

  

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 APPENDIX OF SERVICE AGREEMENT—LICENSED USE OF ONLINE 
 TECHNOLOGICAL PLATFORM & ONLINE CAI SOFTWARE 
  

	I.	Licensed use 

  

	1.	Licensed use of the technological platform for the online education: including but not limited to: such services as the development and licensed use of the technological platform
for the online distance education, system integration of the hardware, maintenance of the software and hardware, and upgrading of the technological platform (refer to the Instruction for Licensed Use of Technological Platform for the specific
technological indexes) 

  

	2.	Development, making and licensed use of CAI software 

 Party B shall, using its technological advantages and in accordance with the curricular arrangement of Party A for the online education, develop and make the teaching materials decided by Party A (including but not limited to such contents
as the textbooks, teaching plans, cases and explanation) into CAI software and transform them into the forms suitable to the online education through necessary technological measures, and grant Party A the licensed user’s right within the valid
period and scope of this Agreement. The subjects and amounts of the CAI software to be developed and made shall be in accordance with the written requirements of Party A from time to time. (Refer to the CAI Software Catalogue for details)

  

	II.	License Fees 

 In accordance with the principles for the
amount and payment of the service fees agreed by both parties in the Service Agreement, Party A agrees to pay the license fees to Party B for the online education platform and the CAI software: 
 License fees for the online education platform and the CAI software (including the fees for the development, redevelopment, maintenance and upgrading of
the online education platform and the fees for the making, maintenance and upgrading of the CAI software): the amount for the year 2001 shall be RMB twenty-one million seven hundred and fifty-three thousand four hundred and ninety-nine Yuan (RMB
21,753,499); the amount for the year 2002 shall be RMB twenty-seven million forty-one thousand seven hundred and eighty-eight Yuan (RMB 27,041,788); from the year 2003, the amount for each period shall be 40.2% of the revenue of the period, the sum
of the all periods in each calendar year shall be the license fees to be paid by Party A to Party B for the use of the online education platform and the CAI software for the year. 
 Party A shall pay RMB ten million twenty-three thousand and eighty-one Yuan (RMB 10,023,081) and RMB eleven million 

  

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seven hundred and thirty thousand four hundred and eighteen Yuan (RMB 11,730,418) respectively by March 31, 2001 and September 30, 2001; and shall
pay RMB thirteen million seven hundred and thirty-three thousand three hundred and seventy-one Yuan (RMB 13,733,371) and RMB thirteen million three hundred and eight thousand four hundred and eighteen Yuan (RMB 13,308,418) respectively by
March 31, 2002 and September 30, 2002. 
  

	III.	Intellectual property rights 

  

	1.	Copyright and relevant intellectual property rights of the online education technological platform: the copyright and relevant intellectual property rights of the online education
technological platform developed by Party B for the performance of this Agreement (including but not limited to: copyright of software, patent application right, patent right and proprietary technologies) shall belong to Party B, Party B shall grant
Party A the right to use the online education technological platform during the valid period of this Agreement. Any party is entitled to make redevelopment on the basis of the online education technological platform, the intellectual property right
of the redeveloped part made by one party independently shall belong to the developing party and the other party shall enjoy the right of paid usage during the valid period of this Agreement. The intellectual property rights of the redeveloped part
made by both parties shall belong to both parties, any party shall have independent right of user (including granting the license of usage to any third party) and does not need to pay any fee to the other party. 

  

	2.	Copyright of the CAI software: the copyright of the CAI software developed and made for the performance of this Agreement shall belong to Party B and Party A shall enjoy the right
of paid use during the valid period of this Agreement. 

  

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 Party A: Online Education College of Renmin University of China 
  

			
	By:	 	 /s/ Lin Gang

	Name:	 	Shawn Ding

 Party B: CMR Web Learning Co., Ltd. 
  

			
	By:	 	 /s/ Wang Gongquan

	Name:	 	Wang Gongquan

  

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