ATAI [ATA] SC 13D/A: NOTE SECURITIES ACT THIS EXCHANGEABLE PROMISSORY NOTE (THE
[NOTE SECURITIES ACT THIS EXCHANGEABLE PROMISSORY NOTE (THE EXCHANGEABLE PROMISSORY NOTE US$5,000,000 April 25 Dated: Borrower Lender Company Common Shares April 25 Share Pledge Agreement April 25 Guarantee Maturity Date February 24, 2014 1. On the Maturity Date, the Borrower shall pay to the Lender an amount in immediately available funds in U.S. dollars representing all outstanding principal amount] [SHARE PLEDGE AGREEMENT Agreement April 25 Chargor Chargee Parties Party This SHARE PLEDGE AGREEMENT (this RECITALS A. Note April 25 B. Company Charged Shares The Chargor currently holds 4,998,988 Common Shares of the ATA Inc. (NASDAQ: ATAI), an exempted company existing under the laws of the Cayman Islands (the C. NOW, THEREFORE, in consideration of the foregoing recitals,] [CUSIP No. 00211V106 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)]