EX-10.80 11 tv488053_ex10-80.htm EXHIBIT 10.80

 

Exhibit 10.80

 

Equity Transfer Agreement - Amendment 4

 

Transferor (Party A): Ambow Education Management (Hong Kong) Limited

 

Transferee (Party B): Beijing Shengkehua Technology Co., Ltd.

 

The First Transferred Entity (Party C): Beijing Ambow Online Software Co., Ltd. (“Ambow Online”)

 

The Second Transferred Entity (Party D): Suzhou Wenjian Venture Investment Management Consulting Co., Ltd. (“Suzhou Wenjian”)

 

(Collectively as the “Parties”)

 

Reference is made to that certain equity transfer agreement, dated August 31, 2017 (the “Agreement”). The following supplementary terms are agreed and for all parties to abide by:

 

1.Payment Terms:

 

According to the master agreement and amendment 3, as of date of transfer on August 31, 2017, Party A has payable to Party B in RMB 137,532 thousand. Party A would pay RMB 137,532 thousand by December 31, 2018. The payment schedule is as following:

 

Payment Timeline  Amount (RMB in thousand) 
By January 31, 2018   35,000 
By April 30, 2018   35,000 
By August 31, 2018   35,000 
By December 31, 2018   32,532 
Total   137,532 

 

The parties all agree on payment terms as above and hereby acknowledge and agree that the January 31, 2018 installment has been paid in full.

 

 

 

 

PARTY A: Ambow Education Management (Hong Kong) Limited
 
Authorized Representative:  
Signature: /s/
Date: March 2, 2018  
 
Party B: Beijing Shengkehua Technology Co., Ltd.
Authorized Representative:  
Signature: /s/
Date: March 2, 2018  
 
Party C: Beijing Ambow Online Software Co., Ltd.
Authorized Representative:  
Signature: /s/
Date: March 2, 2018  
 
Party D: Suzhou Wenjian Venture Investment Management Consulting Co., Ltd.
Authorized Representative:  
Signature: /s/
Date: March 2, 2018