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 |