ESCROW AGREEMENT

This Escrow Agreement, dated as of August 28, 2008 (this “Escrow Agreement”), is
entered into by and among Universal Travel Group, a Nevada corporation, with
headquarters located at Shenzhen, the People’s Republic of China (the
“Company”), the investors listed on the Schedule of Buyers in the Securities
Purchase Agreement dated August 15, 2008 (the “Buyers”), Jiangping Jiang (the
“Principal Shareholder”) and Sichenzia Ross Friedman Ference LLP with an address
at 61 Broadway, 32nd Floor, New York, NY 10006 (the “Escrow Agent”).

Capitalized terms used but not defined herein shall have the meanings set forth
in the Securities Purchase Agreement (as defined below).
 
WITNESSETH:
 
WHEREAS, the Buyers will be purchasing from the Company and the Company will be
selling to the Buyers an aggregate of 4,588,708 shares of the Company’s common
stock, par value $0.001 per share (“Common Stock”), and warrants to acquire
approximately 2,294,356 shares of Common Stock for a total aggregate purchase
price of approximately $7,112,500 in a private placement financing transaction
(the “Financing Transaction”) pursuant to a Securities Purchase Agreement dated
of the date hereof (the “Closing Date”) by and among the Company and the Buyers
(the “Securities Purchase Agreement”);
 
WHEREAS, the Company and the Buyers desire to deposit all proceeds received from
the Buyers in the Financing Transaction (the “Escrowed Funds”) with the Escrow
Agent, to be held and disbursed by the Escrow Agent pursuant to this Agreement;
and
 
WHEREAS, Escrow Agent is willing to hold the Escrowed Funds in escrow subject to
the terms and conditions of this Agreement.
 
NOW, THEREFORE, in consideration of the mutual promises herein contained and
intending to be legally bound, the parties hereby agree as follows:
 
1. Appointment of Escrow Agent. The Company and each Buyer hereby appoint Escrow
Agent as escrow agent in accordance with the terms and conditions set forth
herein and the Escrow Agent hereby accepts such appointment.
 
2. Delivery of the Escrowed Funds.
 
a. The Company will direct each Buyer to deliver the Escrowed Funds to the
Escrow Agent as follows:

Citibank
New York, NY
A/C of Sichenzia Ross Friedman Ference LLP
A/C#:     92883436
ABA#:   021000089
SWIFT Code: CITIUS33
REMARK: [COMPANY NAME/BUYER NAME]

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b. The Escrowed Funds shall be forwarded to the Escrow Agent by wire transfer,
together with the written account of subscription (the “Subscription”) in the
form attached hereto as Exhibit B (the “Subscription Information”). The Escrowed
Funds to be wired shall be wired to the account set forth in Section 2(a) above
and the Subscription shall be faxed or emailed to the Escrow Agent in accordance
with the information provided on Exhibit A.
 
c. Simultaneously with each deposit, each Buyer shall provide the Escrow Agent
with the Subscription Information, including the name, address and taxpayer
identification number of each Buyer and of the aggregate principal amount of
shares of Common Stock and attached warrants subscribed for by such Buyer.
 
d. In the event a wire transfer is received by the Escrow Agent and the Escrow
Agent has not received Subscription Information, the Escrow Agent shall notify
the Buyer. If the Escrow Agent does not receive the Subscription Information by
such Buyer prior to close of business on the fifth (5th) business day (days
other than a Saturday or Sunday or other day on which the Escrow Agent is not
open for business in the State of New York) after notifying the Buyer of receipt
of said wire, the Escrow Agent shall return the funds to the Buyer.
 
3. Escrow Agent to Hold and Disburse Escrowed Funds. The Escrow Agent will hold
and disburse the Escrowed Funds received by it pursuant to the terms of this
Agreement, as follows:
 
a. Prior to any disbursement of the Escrowed Funds, the Escrow Agent shall
allocate a portion of the Escrowed Funds and hold such portion in a separate
escrow account to pay the fees and expenses in connection with investor or
public relations in the aggregate amount of $500,000 (the “Public Relations
Held-Back Escrowed Portion”). Additionally, the Escrow Agent shall allocate and
hold $600,000 of the Escrowed Funds until the Company shall have identified and
engaged a Chief Financial Officer (the “CFO Held-Back Escrowed Portion”).
 
Unless otherwise specified herein, the term “Escrowed Funds” shall include the
aggregate amount of the Public Relations Held-Back Escrowed Portion and CFO
Held-Back Escrowed Portion.
 
b. At such time that Seven Million One Hundred and Twelve Thousand Five Hundred
Dollars ($7,112,500) is deposited and upon receipt of joint instructions from
the Company and the representative of the Buyers, in substantially the forms of
Exhibit C hereto, following the consummation of the Financing Transaction, the
Escrow Agent shall release the Escrowed Funds, less the Public Relations
Held-Back Escrowed Portion and the CFO Held-Back Escrowed Portion, to the
Company. Thereafter, the Escrow Agent shall disburse the Public Relations
Held-Back Escrowed Portion, from time to time, and the CFO Held-Back Escrowed
Portion upon receiving the joint instructions from the Company and the
representative of the Buyers in substantially the form of Exhibit C hereto.
Access America Fund, L.P. is hereby appointed the representative of the Buyers
for purposes of this paragraph 3(b).

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c. In the event this Agreement, the Escrowed Funds, or the Escrow Agent becomes
the subject of litigation, or if the Escrow Agent shall desire to do so for any
other reason, each of the Company and the Buyers authorizes the Escrow Agent, at
its option, to deposit the Escrowed Funds (including the Public Relations
Held-Back Escrowed Portion and the CFO Held-Back Escrow Portion) with the clerk
of the court in which the litigation is pending, or a court of competent
jurisdiction if no litigation is pending, and thereupon the Escrow Agent shall
be fully relieved and discharged of any further responsibility with regard
thereto. Each of the Company, and the Buyers further authorizes the Escrow
Agent, if it receives conflicting claims to any of the Escrowed Funds, is
threatened with litigation or if the Escrow Agent shall desire to do so for any
other reason, to interplead all interested parties in any court of competent
jurisdiction and to deposit the Escrowed Funds (including the Public Relations
Held-Back Escrowed Portion and the CFO Held-Back Escrowed Portion) with the
clerk of that court and thereupon the Escrow Agent shall be fully relieved and
discharged of any further responsibility hereunder to the parties from which
they were received.
 
4. Exculpation and Indemnification of Escrow Agent.
 
a. The Escrow Agent shall have no duties or responsibilities other than those
expressly set forth herein. The Escrow Agent shall have no duty to enforce any
obligation of any person to make any payment or delivery, or to direct or cause
any payment or delivery to be made, or to enforce any obligation of any person
to perform any other act. The Escrow Agent shall be under no liability to the
other parties hereto or anyone else, by reason of any failure, on the part of
any party hereto or any maker, guarantor, endorser or other signatory of a
document or any other person, to perform such person’s obligations under any
such document. Except for amendments to this Agreement referenced below, and
except for written instructions given to the Escrow Agent by the Company and the
Buyers relating to the Escrowed Funds, the Escrow Agent shall not be obligated
to recognize any agreement between or among any of the Company and the Buyers,
notwithstanding that references hereto may be made herein and whether or not it
has knowledge thereof.
 
b. The Escrow Agent shall not be liable to the Company, any Buyers or to anyone
else for any action taken or omitted by it, or any action suffered by it to be
taken or omitted, in good faith and acting upon any order, notice, demand,
certificate, opinion or advice of counsel (including counsel chosen by the
Escrow Agent), statement, instrument, report, or other paper or document (not
only as to its due execution and the validity and effectiveness of its
provisions, but also as to the truth and acceptability of any information
therein contained), which is believed by the Escrow Agent to be genuine and to
be signed or presented by the proper person or persons. The Escrow Agent shall
not be bound by any of the terms thereof, unless evidenced by written notice
delivered to the Escrow Agent signed by the proper party or parties and, if the
duties or rights of the Escrow Agent are affected, unless it shall give its
prior written consent thereto.

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c. The Escrow Agent shall not be responsible for the sufficiency or accuracy of
the form, or of the execution, validity, value or genuineness of, any document
or property received, held or delivered to it hereunder, or of any signature or
endorsement thereon, or for any lack of endorsement thereon, or for any
description therein; nor shall the Escrow Agent be responsible or liable to the
Company, any Buyer or to anyone else in any respect on account of the identity,
authority or rights, of the person executing or delivering or purporting to
execute or deliver any document or property or this Agreement. The Escrow Agent
shall have no responsibility with respect to the use or application of the
Escrowed Funds pursuant to the provisions hereof.
 
d. The Escrow Agent shall have the right to assume, in the absence of written
notice to the contrary from the proper person or persons, that a fact or an
event, by reason of which an action would or might be taken by the Escrow Agent,
does not exist or has not occurred, without incurring liability to the Company,
any Buyer or to anyone else for any action taken or omitted to be taken or
omitted, in good faith and in the exercise of its own best judgment, in reliance
upon such assumption.
 
e. To the extent that the Escrow Agent becomes liable for the payment of taxes,
including withholding taxes, in respect of income derived from the investment of
the Escrowed Funds, or any payment made hereunder, the Escrow Agent may pay such
taxes; and the Escrow Agent may withhold from any payment of the Escrowed Funds
(including the Public Relations Held-Back Escrowed Portion and CFO Held-Back
Escrowed Portion) such amount as the Escrow Agent estimates to be sufficient to
provide for the payment of such taxes not yet paid, and may use the sum withheld
for that purpose. The Escrow Agent shall be indemnified and held harmless
against any liability for taxes and for any penalties in respect of taxes, on
such investment income or payments in the manner provided in Section 4(f).
 
f. The Escrow Agent will be indemnified and held harmless by the Company from
and against all expenses, including all counsel fees and disbursements, or loss
suffered by the Escrow Agent in connection with any action, suit or proceedings
involving any claim, or in connection with any claim or demand, which in any
way, directly or indirectly, arises out of or relates to this Agreement, or the
services of the Escrow Agent hereunder, except for claims relating to gross
negligence by Escrow Agent or breach of this Agreement by the Escrow Agent, or
the monies or other property held by it hereunder. Promptly after the receipt by
the Escrow Agent of notice of any demand or claim or the commencement of any
action, suit or proceeding, the Escrow Agent shall, if a claim in respect
thereof is to be made against the Company, notify each of them thereof in
writing, but the failure by the Escrow Agent to give such notice shall not
relieve any such party from any liability which the Company may have to the
Escrow Agent hereunder. Notwithstanding any obligation to make payments and
deliveries hereunder, the Escrow Agent may retain and hold for such time as it
deems necessary such amount of monies or property as it shall, from time to
time, in its sole discretion, deem sufficient to indemnify itself for any such
loss or expense and for any amounts due it under Section 7.

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g. For purposes hereof, the term “expense or loss” shall include all amounts
paid or payable to satisfy any claim, demand or liability, or in settlement of
any claim, demand, action, suit or proceeding settled with the express written
consent of the Escrow Agent, and all costs and expenses, including, but not
limited to, counsel fees and disbursements, paid or incurred in investigating or
defending against any such claim, demand, action, suit or proceeding.
 
5. Termination of Agreement and Resignation of Escrow Agent
 
a. This Agreement shall terminate upon disbursement of all of the Escrowed
Funds, provided that the rights of the Escrow Agent and the obligations of the
Company and the Buyers under Section 4 shall survive the termination hereof.
Notwithstanding the foregoing, in the event that the Escrow Agent does not
receive any instructions with respect to the disbursement of any remaining
Escrowed Funds by August 15, 2010, this Agreement shall terminate as of such
date and all Escrowed Funds shall be returned to the Buyers pro rata in
proportion to the numbers of shares of Common Stock purchased by each without
interest thereon or deduction therefrom, except as permitted by paragraph 7
hereof.
 
b. The Escrow Agent may resign at any time and be discharged from its duties as
Escrow Agent hereunder by giving the Company and the Buyers at least five (5)
business days written notice thereof (the “Notice Period”). As soon as
practicable after its resignation, the Escrow Agent shall, if it receives notice
from the Company and Buyers within the Notice Period, turn over to a successor
escrow agent appointed by the Company and Buyers all Escrowed Funds (less such
amount as the Escrow Agent is entitled to retain pursuant to Section 7) upon
presentation of the document appointing the new escrow agent and its acceptance
thereof. If no new agent is so appointed within the Notice Period, the Escrow
Agent shall return the Escrowed Funds to the parties from which they were
received without interest or deduction.
 
6. Form of Payments by Escrow Agent
 
a. Any payments of the Escrowed Funds, Public Relations Held-Back Escrowed
Portion or CFO Held-Back Escrow Portion by the Escrow Agent pursuant to the
terms of this Agreement shall be made by wire transfer unless directed to be
made by check by the Escrowing Parties.
 
b. All amounts referred to herein are expressed in United States Dollars and all
payments by the Escrow Agent shall be made in such dollars.
 
7. Compensation. Escrow Agent shall be entitled to the following compensation
from the Company:
 
a. Documentation Fee: The Company shall pay a documentation fee to the Escrow
Agent of $2,000 which shall be payable upon release of the Escrowed Funds.

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b. Fees: The Company shall pay a fee of $500 to the Escrow Agent at the Closing
of the Financing Transaction. In addition, the Company shall pay a processing
fee of $500 to the Escrow Agent for each disbursement made subsequent to the
Closing from the Public Relations Held-Back Escrowed Portion and the CFO
Held-Back Escrowed Portion.
 
c. Interest: The Escrowed Funds, Public Relations Held-Back Escrowed Portion and
CFP Held-Back Escrowed Portion shall be held in separate non-interest bearing
escrow accounts.
 
8. Notices. All notices, demands, consents, requests, instructions and other
communications to be given or delivered or permitted under or by reason of the
provisions of this Agreement or in connection with the transactions contemplated
hereby shall be in writing and shall be deemed to be delivered and received by
the intended recipient as follows: (i) if personally delivered, on the business
day of such delivery (as evidenced by the receipt of the personal delivery
service), (ii) if mailed certified or registered mail return receipt requested,
two (2) business days after being mailed, (iii) if delivered by overnight
courier (with all charges having been prepaid), on the business day of such
delivery (as evidenced by the receipt of the overnight courier service of
recognized standing), or (iv) if delivered by facsimile transmission, on the
business day of such delivery if sent by 6:00 p.m. in the time zone of the
recipient, or if sent after that time, on the next succeeding business day (as
evidenced by the printed confirmation of delivery generated by the sending
party’s telecopier machine). If any notice, demand, consent, request,
instruction or other communication cannot be delivered because of a changed
address of which no notice was given (in accordance with this Section 8), or the
refusal to accept same, the notice, demand, consent, request, instruction or
other communication shall be deemed received on the second business day the
notice is sent (as evidenced by a sworn affidavit of the sender). All such
notices, demands, consents, requests, instructions and other communications will
be sent to addresses or facsimile numbers as applicable set forth on Exhibit A
hereto.
 
9. Further Assurances. From time to time on and after the date hereof, the
Company, and each of the Buyers, if applicable, shall deliver or cause to be
delivered to the Escrow Agent such further documents and instruments and shall
do and cause to be done such further acts as the Escrow Agent shall reasonably
request (it being understood that the Escrow Agent shall have no obligation to
make any such request) to carry out more effectively the provisions and purposes
of this Agreement, to evidence compliance herewith or to assure itself that it
is protected in acting hereunder.
 
10. Consent to Service of Process . The Company and each Buyer hereby
irrevocably consent to the jurisdiction of the courts of the State of New York
and of any Federal court located in such state in connection with any action,
suit or proceedings arising out of or relating to this Agreement or any action
taken or omitted hereunder, and waives personal service of any summons,
complaint or other process and agrees that the service thereof may be made by
certified or registered mail directed to it at the address listed on Exhibit A
hereto.

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11. Miscellaneous.
 
a. This Agreement shall be construed without regard to any presumption or other
rule requiring construction against the party causing such instrument to be
drafted. The terms “hereby,” “hereof,” “hereunder,” and any similar terms, as
used in this Agreement, refer to the Escrow Agreement in its entirety and not
only to the particular portion of this Agreement where the term is used. The
word “person” shall mean any natural person, partnership, corporation,
government and any other form of business of legal entity. All words or terms
used in this Agreement, regardless of the number or gender in which they were
used, shall be deemed to include any other number and any other gender as the
context may require. This Agreement shall not be admissible in evidence to
construe the provisions of any prior agreement.
 
b. This Agreement and the rights and obligations hereunder of the Company and
each Buyer may not be assigned. This Agreement and the rights and obligations
hereunder of the Escrow Agent may be assigned by the Escrow Agent, with the
prior consent of the Company. This Agreement shall be binding upon and inure to
the benefit of the respective successors, heirs and permitted assigns of each of
the Company, the Escrow Agent, the Principal Shareholder and each Buyer. No
other person shall acquire or have any rights under or by virtue of this
Agreement. This Agreement may not be changed orally or modified, amended or
supplemented without an express written agreement executed by the Escrow Agent,
the Company and Buyers purchasing not less than seventy-five percent (75%) of
the Common Stock. This Agreement is intended to be for the sole benefit of the
parties hereto and their respective successors, heirs and permitted assigns, and
none of the provisions of this Agreement are intended to be, nor shall they be
construed to be, for the benefit of any third person.
 
c. The Escrow Agent shall be entitled to employ such legal counsel and other
experts as the Escrow Agent may deem necessary properly to advise the Escrow
Agent in connection with the Escrow Agent’s duties hereunder, may rely upon the
advice of such counsel, and may pay such counsel reasonable compensation
therefor which shall be paid by the Escrow Agent. The Escrow Agent has acted as
legal counsel for the Company and may continue to act as legal counsel for the
Company from time to time, notwithstanding its duties as the Escrow Agent
hereunder. The Company and the Buyers consent to the Escrow Agent in such
capacity as legal counsel for the Company and waive any claim that such
representation represents a conflict of interest on the part of the Escrow
Agent. The Company and the Buyers understand that the Escrow Agent is relying
explicitly on the foregoing provision in entering into this Escrow Agreement.
 
d. This Agreement shall be governed by, and construed in accordance with, the
internal laws of the State of New York. The representations and warranties
contained in this Agreement shall survive the execution and delivery hereof and
any investigations made by any party. The headings in this Agreement are for
purposes of reference only and shall not limit or otherwise affect any of the
terms thereof.
 
12. Execution of Counterparts. This Agreement may be executed in a number of
counterparts, by facsimile, each of which shall be deemed to be an original as
of those whose signature appears thereon, and all of which shall together
constitute one and the same instrument. This Agreement shall become binding when
one or more of the counterparts hereof, individually or taken together, are
signed by all the parties.

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IN WITNESS WHEREOF, the parties have executed and delivered this Agreement on
the day and year first above written.
 
ESCROW AGENT:
 
Sichenzia Ross Friedman Ference LLP
 
By:
______________________________
 
Name: Gregory Sichenzia
 
Title: Partner
   
PRINCIPAL SHAREHOLDER
   
By:
______________________________
Name: Jiangping Jiang
 
BUYER:
 
ACCESS AMERICA FUND, LP
 
By:
_____________________________
 
Name:
 
Title:

 
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BUYER:
 
CHINAMERICA FUND LP
   
By:
_____________________________
 
Name:
 
Title:
   
BUYER:
 
POPE INVESTMENT II LLC
   
By:
_____________________________
 
Name:
 
Title:
   
BUYER:
 
HELLER CAPITAL INVESTMENTS, LLC
 
By:
_____________________________
 
Name:
 
Title:

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BUYER:
 
CGM as C/F RONALD I. HELLER IRA
   
By:
_____________________________
 
Name:
 
Title:
   
BUYER:
 
INVESTMENT HUNTER, LLC
   
By:
_____________________________
 
Name:
 
Title:
   
BUYER:
 
MARED INVESTMENTS
   
By:
_____________________________
 
Name:
 
Title:

 
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BUYER:
 
HIGH CAPITAL FUNDING, LLC
 
By:
_____________________________
 
Name:
 
Title:
   
BUYER:
 
MERRILL LYNCH, PIERCE, FENNER & SMITH, FBO BEAU L. JOHNSON
   
By:
_____________________________
 
Name:

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Title: EXHIBIT A
PARTIES TO AGREEMENT

Sichenzia Ross Friedman Ference LLP
61 Broadway, 32nd Floor,
New York, New York 10006
Attention: Benjamin A. Tan, Esq.
Tel No.: (212) 930- 9700
Fax No.: (212) 930-9725

Jianping Jiang
c/o Universal Travel Group
3/F Hualian Building,
No. 2008 of Shennan Road Central
Futian District,
Shenzhen, PRC
Tel. No. (86) 755-83668559
Fax No. (86) 755-83668556

Buyers

Access America Fund, LP
1800 West Loop, Suite 485,
Houston, TX 77027
Tel:
Fax:

Chinamerica Fund LP
2909 St. Andrews Drive,
Richardson, TX 75082
Tel:
Fax:

Pope Investment II LLC
5100 Poplar Avenue, Suite 805,
Memphis, TN 38137

Heller Capital Investments, LLC
700 E. Palisade Avenue,
Englewood Cliffs, NJ 07632
Tel:
Fax:

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CGM as C/F Ronald I. Heller IRA
700 E. Palisade Avenue,
Englewood Cliffs, NJ 07632
Tel:
Fax:

Investment Hunter, LLC
1048 Texan Trail,
Grapevine, TX 76051
Tel:
Fax:

MARed Investments
29719 High Eschelon,
Fair Oaks Ranch, TX 78015
Tel:
Fax:

High Capital Funding, LLC
333 Sandy Springs Circle, Suite 230,
Atlanta, GA 30328
Tel:
Fax:

Merrill Lynch, Pierce, Fenner & Smith, FBO Beau L. Johnson
150 Fauyetteville St., Suite 2000,
Raleigh, NC 27601-2919
Tel:
Fax:

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EXHIBIT B
 
SUBSCRIPTION INFORMATION

     
Name of Buyer
 
____________________________________________________________
 
Address of Buyer
 
____________________________________________________________
   

____________________________________________________________
   
 
____________________________________________________________
Amount of Shares and Warrants
 
Subscribed (US$)
 
____________________________________________________________
 
Subscription Amount Submitted Herewith
 
____________________________________________________________
 
Taxpayer ID Number/
Social Security Number
 
____________________________________________________________

 
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EXHIBIT C
 
DISBURSEMENT REQUEST
 
Pursuant to that certain Escrow Agreement dated effective as of August [ ] ,
2008, among Universal Travel Group, [ ] and Sichenzia Ross Friedman Ference LLP,
as Escrow Agent, the Escrowing Parties hereby request disbursement of funds in
the amount and manner described below from account number _____________, styled
____________________________ Escrow Account.
 
Please disburse to:
___________________________
   
Amount to disburse:
___________________________
   
Form of distribution:
___________________________
   
Payee:
     
Name:
___________________________
Address:
___________________________
City/State:
___________________________
Zip:
___________________________
   
Please disburse to:
___________________________
   
Amount to disburse:
___________________________
   
Form of distribution:
___________________________
   
Payee:
     
Name:
___________________________
Address:
___________________________
City/State:
___________________________
Zip:
___________________________
   

Subscriptions Accepted From 
 
 
Buyer
Amount
___________________________
__________________________
___________________________
__________________________
___________________________
__________________________
___________________________
__________________________
Total:
__________________________
Statement of event or condition which calls for this request for disbursement:
 
_______________________________________________________________________________
_______________________________________________________________________________

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UNIVERSAL TRAVEL GROUP
   
Date: _________________________
By: _________________________
 
Name:
 
Title:
   
 
Access America Fund, LP 
   
Date: _________________________
By: __________________________
 
Name:
 
Title:

 
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