PROMISSORY
      NOTE

    (Term)
      

     

    
      	
              $8,000

            	
              December
                26, 2007

            


    

     

    FOR
      VALUE RECEIVED,
      Infinity I-China Acquisition Corporation, a Cayman Islands exempt company
      (“Maker”),
      hereby unconditionally promises to pay to the order of Infinity-CSVC Management
      Ltd., an Israeli company (“Lender”),
      in
      lawful money of the United States of America and in immediately available funds,
      the principal sum of EIGHT THOUSAND DOLLARS ($8,000) (the “Loan”),
      due
      and payable on the dates and in the manner set forth below.

     

    1.
      Principal Repayment.
      The
      outstanding principal amount of the Loan shall be due and payable as soon as
      reasonably practicable upon the earliest to occur of (i) November 8, 2008,
      (ii)
      the date on which the Lender declares an Event of Default (as defined below)
      to
      have occurred and (iii) an initial public offering of the securities of the
      Maker (or any successor entity) to the public pursuant to an effective
      registration statement filed under the Securities Act of 1933, as amended (an
      “IPO”),
      (such
      date first to occur being referred to herein as the “Maturity
      Date”).
      This
      Note may be prepaid in whole or in part at any time without notice, premium
      or
      penalty.

     

    2.
      Interest Rate and Payments.
      No
      interest shall accrue on the unpaid principal balance of the Loan; provided,
      however,
      that
      Maker promises to pay interest on the outstanding principal amount hereof from
      and after the Maturity Date, or during the continuance of an Event of Default
      (as defined below), at the rate of five percent (5.0%) per annum, (or, if such
      rate exceeds the maximum rate permitted by law, then at such maximum rate
      permitted by law). Interest shall be calculated on the basis of a 365-day year
      for the actual number of days elapsed. 

     

    3.
      Place of Payment.
      All
      amounts payable hereunder shall be payable in immediately available funds at
      the
      office of the Lender, unless another place of payment shall be specified in
      writing by the Lender.

     

    4.
      Application of Payments.
      Payment
      on this Note shall be applied first to costs and expenses incurred in the
      collection of any sum due hereunder, then to accrued interest, and thereafter
      to
      the outstanding principal balance hereof. Any principal repayment or interest
      payment hereunder not paid when due, whether at stated maturity, by acceleration
      or otherwise, shall bear interest at the rate set forth in the third sentence
      of
      Section 2 hereof (or, if such rate exceeds the maximum rate permitted by law,
      then at such maximum rate permitted by law) until paid in full.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    5.
      Value Added Tax. The
      Maker
      shall bear all Value Added Tax arising hereunder including as a result of the
      payment of interest or conversion rate differentials. 

     

    6.
      Representations and Warranties. Maker
      represents and warrants to the Lender that: 

     

    (a)
      Maker
      is
      duly organized, validly existing, and in good standing under the laws of its
      jurisdiction of incorporation and is duly qualified and in good standing in
      every other jurisdiction where the nature of its business or the location or
      ownership of its properties requires such qualification; 

     

    (b)
      Maker
      has
      the full corporate power and authority to execute and deliver this Note and
      to
      perform all of the obligations hereunder, and all necessary corporate action
      has
      been taken to execute and deliver this Note and to make the borrowings
      hereunder;

     

    (c)
      this
      Note
      constitutes the legal, valid, and binding obligations of the Maker, enforceable
      against Maker in accordance with its terms, subject to applicable bankruptcy,
      insolvency, reorganization or similar laws generally affecting the enforcement
      of the rights of creditors; and

     

    (d)
      the
      execution, delivery and performance by the Maker of this Note do not (i) violate
      any provisions of the Maker’s Certificate of Incorporation, bylaws or any
      contract, agreement, law, regulation, order, decree or writ to which the Maker
      or any of its properties are subject, or (ii) require the consent or approval
      of
      any person, entity or authority, including, without limitation, any regulatory
      authority or governmental body of the United States of America or any state
      thereof or any political subdivision of any of the foregoing.

     

    7.
      Default.
      Each of
      the following events shall be an “Event
      of Default”
      hereunder:

     

    (a)
      Maker
      fails to pay any of the principal, interest or any other amounts payable under
      this Note within five (5) business days following the date as the same becomes
      due and payable;

     

    (b)
      Maker
      files any petition or action for relief under any bankruptcy, reorganization,
      insolvency or moratorium law or any other law for the relief of, or relating
      to,
      debtors, now or hereafter in effect, or seeks the appointment of a custodian,
      receiver, trustee (or other similar official) of the Maker or all or any
      substantial portion of the Maker’s assets, or makes any assignment for the
      benefit of creditors or takes any action in furtherance of any of the foregoing,
      or fails to generally pay its debts as they become due; or

     

    (c)
      an
      involuntary petition is filed, or any proceeding or case is commenced, against
      the Maker (unless such proceeding or case is dismissed or discharged within
      sixty (60) days of the filing or commencement thereof) under any bankruptcy,
      reorganization, arrangement, insolvency, adjustment of debt, liquidation or
      moratorium statute now or hereafter in effect, or a custodian, receiver,
      trustee, assignee for the benefit of creditors (or other similar official)
      is
      applied for, appointed for the Maker or to take possession, custody or control
      of any property of the Maker, or an order for relief is entered against the
      Maker in any of the foregoing. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    8.
      Remedies. Upon
      the
      occurrence and during the continuance of an Event of Default
      hereunder:

     

    (a)
      all
      unpaid principal, accrued interest and other amounts owing hereunder shall,
      at
      the option of the Lender, and, in the case of an Event of Default pursuant
      to
Section
      6 (b)
      or
(c)
      above,
      automatically, be immediately due, payable and collectible by the Lender
      pursuant to applicable law;

     

    (b)
      any
      and
      all unpaid principal, interest or other amounts due under this Note shall
      thereafter bear interest at the maximum rate set forth in the third sentence
      of
      Section 2 hereof; and

     

    (c)
      the Lender
      may exercise any and all rights and remedies it may have under this Note or
      under applicable law.

     

    All
      rights and remedies shall be cumulative and not exclusive. The failure of the
      holder hereof to exercise all or any of its rights, remedies, powers or
      privileges hereunder or any other agreement or applicable law in any instance
      shall not constitute a waiver thereof in that or any other
      instance.

     

    9.
      Expenses.
      The
      Maker agrees to and shall pay to the Lender on demand, any and all expenses,
      including, without limitation, reasonable attorney’s fees and disbursements,
      incurred or paid by the Lender for collection or enforcement of amounts
      outstanding hereunder.

     

    10.
      Waivers.
      The
      Maker, for itself and its legal representatives, successors and assigns, hereby
      expressly waives demand, protest, presentment, notice of dishonor, notice of
      acceptance, and notice of protest, and all other demands and notices in
      connection with the delivery, acceptance, performance, default or enforcement
      of
      this Note and agrees that any extension, renewal or postponement of the time
      of
      payment or any other indulgence to, or release of any person now or hereafter
      obligated for the payment of this Note shall not affect the Maker’s liability
      hereunder.

     

    11.
      Governing Law. This
      Note
      shall be governed by, and construed in accordance with, the laws (and not the
      laws of conflict) of the State of Israel. 

     

    12.
      Successors and Assigns.
      This
      Note and all obligations of the Maker hereunder shall be binding upon the
      successors and assigns of the Maker, and shall, together with the rights and
      remedies of the Lender hereunder, inure to the benefit of the Lender, any future
      holder of this Note and their respective successors and assigns, provided,
      however, the Maker may not transfer or assign its rights or obligations
      hereunder without the express written consent of the Lender, and any purported
      transfer or assignment by the Maker without the Lender’s written consent shall
      be null and void. The Lender may assign, transfer, participate or endorse its
      rights under this Note without the consent or approval of the Maker, and all
      such rights shall inure to the Lender’s successors and assigns. No sales of
      participations, other sales, assignments, transfers, endorsements or other
      dispositions of any rights hereunder or any portion thereof or interest therein
      shall in any manner affect the obligations of the Maker under this Note. Upon
      request, the Maker shall, at its own expense, execute and deliver to the
      assignee of this Note, a replacement Note of equal and like tenor in an amount
      assigned to and assumed by such assignee.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    13.
      Entire Agreement; Amendments; Invalidity.
      This
      Note constitutes the entire agreement and understanding of the parties, and
      supercedes and replaces in its entirety any prior discussions, agreements,
      etc.,
      all of which are merged herein and therein. None of the terms of this Note
      may
      be amended or otherwise modified except by an instrument executed by each of
      the
      Maker and the Lender. If any term of this Note shall be held to be invalid,
      illegal or unenforceable, the validity of all other terms hereof shall in no
      way
      be affected thereby, and this Note shall be construed and be enforceable as
      if
      such invalid, illegal or unenforceable term had not been included
      herein.

     

    IN
      WITNESS WHEREOF,
      this
      Note has been duly executed and delivered as of the date first set forth
      above.

     

    
      	
              MAKER:
                 

            	 	 	 
	 	 	 	 
	
              INFINITY
                I-CHINA ACQUISITION CORPORATION.

            
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/
              Amir
              Gal-Or	 	 	
            
	 	
              
Amir
              Gal-Or 	 	 	
            
	 	Co-President
              and
              co-Chief Executive Officer	 	 	
            


    

     

    
      	 	 	 	 	 
	 	 	 	 	 
	By:	/s/
              Avishai
              Silvershatz	 	 	
            
	 	
              
Avishai
              Silvershatz	 	 	
            
	 	
              Co-President
                and co-Chief Executive Officer

            	 	 	
            


    

     

    
      
        
        

      

      
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