CAPITAL
        TEN PARTNERS, LLC

      116
        Village Boulevard

      Princeton,
        New Jersey 08540

      As
        of May
        21, 2008

      


      New
        Asia
        Partners China I Corporation

      1801-03,
        18F, One Lu Jia Zui

      68
        Yin
        Cheng Middle Rd.

      Pudong,
        Shanghai, 200120 China

      


      Re: Irrevocable
        Letter of Credit

      


      Ladies
        and Gentlemen:

      


      In
        connection with Payor’s initial public offering of securities of New
        Asia
        Partners China I Corporation
        (“Payor”) and in order to cover certain expenses related thereto, Capital TEN
        Partners, LLC (“Payee”) hereby establishes this Irrevocable Letter of Credit
        (the “Letter of Credit”) in favor of Payee. Payor acknowledges that no funds
        have been advanced by Payee to Payor as of the date hereof under this Letter
        of
        Credit.

       

      This
        Letter of Credit is for the benefit of Payor, all in accordance with the
        following terms and conditions:

       

      1. Expiration.
        This
        Letter of Credit automatically shall expire at the close of business on the
        earliest to occur of the following dates (the “Termination Date”):

       

      a. November
        30, 2008; and

       

      b. The
        date
        on which Payor consummates an initial public offering of its securities under
        the Securities Act of 1933, as amended.

       

      If
        such
        Termination Date is not a Business Day (as hereinafter defined), then this
        Letter of Credit shall expire on the next succeeding Business Day.

       

      2. Stated
        Amount.
        The
        maximum aggregate amount available under this Letter of Credit shall be $40,000,
        which amount may be reduced from time to time as provided in paragraph 3,
        and is
        hereinafter referred to as the “Stated Amount.” 

       

      3. Reductions
        in the Stated Amount.
        Upon
        the honoring of a demand for payment hereunder by Payee, the Stated Amount
        shall
        be reduced automatically by an amount equal to the amount of such demand
        for
        payment. Upon a reduction, Payee may require Payor to return this Letter
        of
        Credit and to accept in substitution hereof a substitute Letter of Credit
        for a
        Stated Amount reflecting such reduction, but otherwise identical in form
        and
        substance to this Letter of Credit.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      4. Documents
        To Be Presented.
        Funds
        under this Letter of Credit are available to Payor, against a certificate
        signed
        by Payor in the form of Schedule A hereto, appropriately completed. Multiple
        draws are permitted hereunder.

       

      5. Method
        and Notice of Presentment.
        The
        certificate referenced in paragraph 4 (a “Demand for Payment”) may be delivered
        to Payee in person, by mail, by an express delivery service, or by facsimile
        or
        email, at such number or numbers as Payee shall notify Payor from time to
        time
        in writing. A Demand for Payment shall be presented during Payee’s business
        hours on a Business Day prior to the expiration hereof at Payee’s office at 116
        Village Boulevard

       

      Princeton,
        New Jersey 08540, Attention: Elliot P. Friedman, or at such other address
        as
        Payee may notify Payor in writing from time to time. As used herein, “Business
        Day” means any day other than a Saturday, a Sunday or a day on which banks are
        authorized or required to remain closed in New York City.

       

      6. Time
        and Method for Payment.

       

      a. If
        Demand
        for Payment is made on a Business Day in conformity with the terms and
        conditions hereof, payment shall be made by Payee to Payor as promptly as
        practicable.

       

      b. Payment
        under this Letter of Credit shall be made by check or wire transfer in
        immediately available funds to Payor in accordance with the transfer
        instructions set forth in the Demand for Payment. 

       

      7. GOVERNING
        LAW.
        THIS
        LETTER OF CREDIT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW
        YORK.

       

      8. Irrevocability.
        This
        Letter of Credit shall be irrevocable.

       

      9. No
        Negotiation.
        A
        Demand for Payment under this Letter of Credit shall be presented directly
        to
        Payee and shall not be negotiated to or by any third party.

       

      10. Complete
        Agreement.
        This
        Letter of Credit, including Schedule A hereto, sets forth in full the terms
        of
        our undertaking. Reference in this Letter of Credit to other documents or
        instruments is for identification purposes only and such reference shall
        not
        modify or affect the terms hereof or cause such documents or instruments
        to be
        deemed incorporated herein.

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

        

      


      Payee
        hereby agrees with Payor to honor any Demand for Payment presented in compliance
        with the terms and conditions of this Letter of Credit.

      
        	 	 	 
	 	Very
                truly
                yours,
	 	 
	 	CAPITAL TEN PARTNERS, LLC
	 
 	 
 	 
 
	 	By:  	 
	 	
                

                Name:

                Title:
                  

              


      

       

      


      
        
          
          

        

        
          -3-

          
            

          

        

        
          
          

        

      


      SCHEDULE
        A

       

      CERTIFICATE
        FOR DRAWING

      


      Capital
        TEN Partners, LLC

      116
        Village Boulevard

      Princeton,
        New Jersey 08540

      


      
        	 	
                Re:

              	
                Irrevocable
                  Letter of Credit for the benefit of New
                  Asia Partners China I Corporation

              


      

      


      New
        Asia
        Partners China I Corporation (“Payor”)
        hereby certifies to Capital TEN Partners, LLC (“Payee”), with reference to
        Irrevocable Letter of Credit (the “Letter of Credit”; any capitalized term used
        herein and not defined shall have its respective meaning as set forth in
        the
        Letter of Credit) issued by Payee in favor of Payor that:

      


      1. Demand
        is
        hereby made under this Letter of Credit for $________ which amount
        does not exceed the Stated Amount in the Letter of Credit.

      


      2. Payment
        of this demand shall be made by check or by wire transfer in immediately
        available funds to the undersigned, attention: ___________________________,
        ABA#
        ______________, Reference:___________________.

      


      IN
        WITNESS WHEREOF, the undersigned has executed and delivered this Certificate
        as
        of the _____ day of __________, ____.

       

      
        	 	 	 
	 	NEW
                ASIA PARTNERS
                CHINA I CORPORATION
	 
 	 
 	 
 
	 	By:  	 
	 	
                

                Name:

                Title:

              


      

       

      
        
          
          

        

        
          -4-