Exhibit 4.4


THE REGISTERED HOLDER
OF THIS PURCHASE OPTION BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL,
TRANSFER OR ASSIGN THIS PURCHASE OPTION EXCEPT AS HEREIN PROVIDED AND THE
REGISTERED HOLDER OF THIS PURCHASE OPTION AGREES THAT IT WILL NOT SELL,
TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS PURCHASE OPTION FOR A PERIOD OF
SIX MONTHS FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) TO ANYONE OTHER THAN
(I) AN UNDERWRITER OR A SELECTED DEALER IN CONNECTION WITH THE OFFERING, OR
(II) A BONA FIDE OFFICER OR PARTNER OF THE HOLDER OR OF ANY SUCH UNDERWRITER OR
SELECTED DEALER.


THIS PURCHASE OPTION IS
NOT EXERCISABLE PRIOR TO THE LATER OF THE CONSUMMATION BY LUMAX ACQUISITION
CORP. (THE “COMPANY”) OF A BUSINESS COMBINATION (AS DESCRIBED MORE FULLY
IN THE COMPANY’S REGISTRATION STATEMENT (DEFINED HEREIN)) AND
           , 2008.  VOID AFTER 5:00 P.M. NEW YORK CITY LOCAL
TIME,                   ,
2012.


UNIT PURCHASE OPTION


FOR THE PURCHASE OF


266,667 UNITS


OF


LUMAX ACQUISITION CORP.


1.             Purchase
Option.


THIS CERTIFIES THAT, in
consideration of a total of $100.00 duly paid by or on behalf of Capital Growth
Financial, LLC (the “Holder”), as registered owner of this Purchase
Option, to Lumax Acquisition Corp. (“Company”), Holder is entitled, at any time
or from time to time upon the later of the consummation of a Business
Combination (as defined in the Registration Statement)
and             ,
2008 (“Commencement Date”), and at or before 5:00 p.m., New York City
local time,
            , 2012
(“Expiration Date”), but not thereafter, to subscribe for, purchase and
receive, in whole or in part, up to a total of two hundred sixty six thousand
six hundred sixty seven (266,667) units (“Units”) of the Company, each
Unit consisting of one share of common stock of the Company, par value $0.0001
per share (“Common Stock”), and two warrants (“Warrant(s)”)
expiring four years from the effective date (“Effective Date”) of the
registration statement (“Registration Statement”) pursuant to which
Units are offered for sale to the public (“Offering”).  Each Warrant shall be substantially the same
(other than the exercise price thereof and the “cashless exercise provisions”
thereof) as the warrants included in the Units being registered for sale to the
public by way of the Registration Statement (“Public Warrants”).  If the Expiration Date is a day on which
banking institutions are authorized by law to close, then this Purchase Option
may be exercised on the next succeeding day which is not such a day in
accordance with the terms herein.  During
the period ending on the Expiration Date, the Company agrees not to take any
action that would terminate this Purchase Option.  This













Purchase Option is
initially exercisable at $7.20 per Unit so purchased; provided, however, that
upon the occurrence of any of the events specified in Section 6 hereof, the
rights granted by this Purchase Option, including the exercise price per Unit
and the number of Units (and shares of Common Stock and Warrants) to be
received upon such exercise, shall be adjusted as therein specified.  The term “Exercise Price” shall mean
the initial exercise price or the adjusted exercise price, depending on the
context.


2.             Exercise.


2.1   Exercise Form.   In order to exercise this
Purchase Option, the exercise form attached hereto must be duly executed and
completed and delivered to the Company, together with this Purchase Option and
payment of the Exercise Price for the Units being purchased payable in cash or
by certified check or official bank check. If the subscription rights represented
hereby shall not be exercised at or before 5:00 p.m., New York City local time,
on the Expiration Date this Purchase Option shall become and be void without
further force or effect, and all rights represented hereby shall cease and
expire.


2.2   Legend.   Each certificate for the securities
purchased under this Purchase Option shall bear a legend as follows unless such
securities have been registered under the Securities Act of 1933, as amended (“Act”):


“The securities represented by this certificate have
not been registered under the Securities Act of 1933, as amended (“Act”),
or applicable state law. The securities may not be offered for sale, sold or
otherwise transferred except pursuant to an effective registration statement
under the Act, or pursuant to an exemption from registration under the Act and
applicable state law.”


2.3           Cashless Exercise.


2.3.1        Determination of
Amount.  In lieu of the payment of
the Exercise Price multiplied by the number of Units for which this Purchase
Option is exercisable (and in lieu of being entitled to receive Common Stock
and Warrants) in the manner required by Section 2.1, the Holder shall have the
right (but not the obligation) to convert any exercisable but unexercised
portion of this Purchase Option into Units (“Conversion Right”) as
follows: upon exercise of the Conversion Right, the Company shall deliver to
the Holder (without payment by the Holder of any of the Exercise Price in cash)
that number of Units (or that number of shares of Common Stock and Warrants
comprising that number of Units) equal to the quotient obtained by dividing (x)
the “Value” (as defined below) of the portion of the Purchase Option being
converted by (y) the Current Market Value (as defined below). The “Value” of
the portion of the Purchase Option being converted shall equal the remainder
derived from subtracting (a) (i) the Exercise Price multiplied by (ii) the
number of Units underlying the portion of this Purchase Option being converted
from (b) the Current Market Value of a Unit multiplied by the number of Units
underlying the portion of the Purchase Option being converted. As used herein,
the term “Current Market Value” per Unit at any date means: (A) in the event
that neither the Units nor Public Warrants are still trading, the remainder
derived from subtracting (x) the exercise price of the Warrants multiplied by
the number of shares of Common Stock issuable upon exercise of the Warrants
underlying one Unit from (y) (i) the Current Market Price of the Common Stock



 2
 









multiplied by (ii) the number of shares of
Common Stock underlying one Unit, which shall include the shares of Common
Stock underlying the Warrants included in such Unit; (B) in the event that the
Units, Common Stock and Public Warrants are still trading, (i) if the Units are
listed on a national securities exchange or quoted on the Nasdaq National
Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or successor
exchange), the last sale price of the Units in the principal trading market for
the Units as reported by the exchange, Nasdaq or the NASD, as the case may be,
on the last trading day preceding the date in question; or (ii) if the Units
are not listed on a national securities exchange or quoted on the Nasdaq
National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board (or
successor exchange), but is traded in the residual over-the-counter market, the
closing bid price for Units on the last trading day preceding the date in
question for which such quotations are reported by the Pink Sheets, LLC or similar
publisher of such quotations; and (C) in the event that the Units are not still
trading but the Common Stock and Public Warrants underlying the Units are still
trading, the Current Market Price of the Common Stock plus the product of (x)
the Current Market Price of the Public Warrants and (y) the number of shares of
Common Stock underlying the Warrants included in one Unit. The “Current Market
Price” shall mean (i) if the Common Stock (or Public Warrants, as the case may
be) is listed on a national securities exchange or quoted on the Nasdaq
National Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or
successor exchange), the last sale price of the Common Stock (or Public
Warrants) in the principal trading market for the Common Stock as reported by
the exchange, Nasdaq or the NASD, as the case may be, on the last trading day
preceding the date in question; (ii) if the Common Stock (or Public Warrants,
as the case may be) is not listed on a national securities exchange or quoted
on the Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin
Board (or successor exchange), but is traded in the residual over-the-counter
market, the closing bid price for the Common Stock (or Public Warrants) on the
last trading day preceding the date in question for which such quotations are
reported by the Pink Sheets, LLC or similar publisher of such quotations; and
(iii) if the fair market value of the Common Stock cannot be determined
pursuant to clause (i) or (ii) above, such price as the Board of Directors of
the Company shall determine, in good faith. In the event the Public Warrants
have expired and are no longer exercisable, no “Value” shall be attributed to
the Warrants underlying this Purchase Option. Additionally, in the event that
this Purchase Option is exercised pursuant to this Section 2.3 and the Public
Warrants are still trading, the “Value” shall be reduced by the difference
between the Warrant Exercise Price and the exercise price of the Public
Warrants multiplied by the number of Warrants underlying the Units included in
the portion of this Purchase Option being converted.


2.3.2        Mechanics of
Cashless Exercise.  The Cashless
Exercise Right may be exercised by the Holder on any business day on or after
the Commencement Date and not later than the Expiration Date by delivering the
Purchase Option with the duly executed exercise form attached hereto with the
cashless exercise section completed to the Company, exercising the Cashless
Exercise Right and specifying the total number of Units the Holder will
purchase pursuant to such Cashless Exercise Right.


2.4   No Obligation to Net Cash Settle.   Notwithstanding
anything to the contrary contained in this Purchase Option, in no event will
the Company net cash settle the exercise of the Purchase Option or the Warrants
underlying the Purchase Option. The holder of the Purchase Option and the
Warrants underlying the Purchase Option may not exercise the Purchase Option or
the Warrants underlying such Purchase Option unless a registration statement is
effective with



 3
 









respect to the Common Stock underlying the
Public Warrants and, if the holder is not able to exercise the Purchase Option
or underlying Warrants prior to their expiration, the Purchase Option and/or
the underlying Warrants, as applicable, will expire worthless.


3.             Transfer.


3.1   General Restrictions.   The registered Holder of
this Purchase Option, by its acceptance hereof, agrees that it will not sell,
transfer, assign, pledge or hypothecate this Purchase Option for a period of
six months following the Effective Date to anyone other than (i) an underwriter
or a selected dealer in connection with the Offering or (ii) a bona fide
officer or partner of the Holder or of any such underwriter or selected dealer.
On and after the first anniversary of the Effective Date, transfers to others
may be made subject to compliance with or exemptions from applicable securities
laws. In order to make any permitted assignment, the Holder must deliver to the
Company the assignment form attached hereto duly executed and completed,
together with this Purchase Option and payment of all transfer taxes, if any,
payable in connection therewith. The Company shall within five business days
transfer this Purchase Option on the books of the Company and shall execute and
deliver a new Purchase Option or Purchase Options of like tenor to the
appropriate assignee(s) expressly evidencing the right to purchase the
aggregate number of Units purchasable hereunder or such portion of such number
as shall be contemplated by any such assignment.


3.2   Restrictions Imposed by the Act.   The securities
evidenced by this Purchase Option shall not be transferred unless and until (i)
the Company has received the opinion of counsel for the Holder that the
securities may be transferred pursuant to an exemption from registration under
the Act and applicable state securities laws, the availability of which is
established to the reasonable satisfaction of the Company (the Company hereby
agreeing that the opinion of Pillsbury Winthrop Shaw Pittman LLP shall be
deemed satisfactory evidence of the availability of an exemption), or (ii) a
registration statement or a post-effective amendment to the Registration
Statement relating to such securities has been filed by the Company and
declared effective by the Securities and Exchange Commission (the “Commission”)
and compliance with applicable state securities law has been established. The
Company agrees that prior to the Commencement Date, it shall file with the
Commission a post-effective amendment to the Registration Statement, or a new
registration statement, for the registration, under the Act, of, and it shall
take such action as is necessary to qualify for sale, in those states in which
the Warrants were initially offered by the Company, the Common Stock issuable
upon exercise of the Warrants. In either case, the Company will use its best
efforts to cause the same to become effective and to maintain the effectiveness
of such registration statement until the expiration or redemption of the
Warrants in accordance with the provisions of this Agreement. The provisions of
this paragraph may not be modified, amended or deleted without the prior
written consent of the Holder.


4.             New
Purchase Options to be Issued.


4.1   Partial Exercise or Transfer.   Subject to the
restrictions in Section 3 hereof, this Purchase Option may be exercised or
assigned in whole or in part. In the event of the exercise or assignment hereof
in part only, upon surrender of this Purchase Option for cancellation, together
with the duly executed exercise or assignment form and funds sufficient to pay
any Exercise



 4
 









Price and/or transfer tax, the Company shall cause to
be delivered to the Holder without charge a new Purchase Option of like tenor
to this Purchase Option in the name of the Holder evidencing the right of the
Holder to purchase the number of Units purchasable hereunder as to which this
Purchase Option has not been exercised or assigned.


4.2   Lost Certificate.   Upon receipt by the Company of
evidence satisfactory to it of the loss, theft, destruction or mutilation of
this Purchase Option and of reasonably satisfactory indemnification or the
posting of a bond, the Company shall execute and deliver a new Purchase Option
of like tenor and date. Any such new Purchase Option executed and delivered as
a result of such loss, theft, mutilation or destruction shall constitute a
substitute contractual obligation on the part of the Company.


5.             Warrant
Redemption.


Notwithstanding anything to the contrary contained
herein or in that certain Warrant Agreement, dated as of
                  ,
2007, between the Company and Continental Stock Transfer & Trust Company,
as Warrant Agent (the “Warrant Agreement”), (i) this Purchase Option
shall, to the extent not earlier exercised in full, be automatically exercised,
immediately prior to a redemption of the Company’s outstanding warrants
pursuant to Section 6 of the Warrant Agreement (provided that notice is
provided to the Holder on the same terms as provided to the holders of Warrants
pursuant to the Warrant Agreement), and (ii) each Warrant that is part of a
Unit issued hereunder upon such automatic conversion shall be redeemed by the
Company as part of such redemption for the Redemption Price.


As provided in the Warrant Agreement, the Company may
not issue or deliver any securities pursuant to the exercise of a Warrant and
may not settle the Warrant exercise unless a registration statement under the
Act with respect to the Common Stock underlying the Public Warrants is
effective. In the event that a registration statement with respect to the
Common Stock underlying the Public Warrants is not effective under the Act, no
holder of any Warrant shall be entitled to exercise such Warrant and such
Warrant may have no value and expire worthless. In no event may the Company net
cash settle the warrant exercise. Warrants may not be exercised by, or
securities issued to, any registered holder in any state in which such exercise
would be unlawful. In the event that a registration statement is not effective
for the exercised Warrants, the purchaser of a unit containing such Warrant
will have paid the full purchase price for the unit solely for the shares
included in such unit.


6.             Adjustments.


6.1   Adjustments to Exercise Price and Number of Securities.   The
Exercise Price and the number of Units underlying this Purchase Option shall be
subject to adjustment from time to time as hereinafter set forth:


6.1.1        Stock
Dividends—Split-Ups.  If after the
date hereof, and subject to the provisions of Section 6.3 below, the number of
outstanding shares of Common Stock is increased by a stock dividend payable in
shares of Common Stock or by a split-up of shares of Common Stock or other
similar event, then, on the effective date thereof, the number of shares of
Common Stock underlying each of the Units purchasable hereunder shall be
increased in proportion to



 5
 









such increase in outstanding shares. In such case, the
number of shares of Common Stock, and the exercise price applicable thereto,
underlying the Warrants underlying each of the Units purchasable hereunder
shall be adjusted in accordance with the terms of the Warrants (even though
such Warrants shall not yet have been issued). For example, if the Company
declares a two-for-one stock dividend and at the time of such dividend this
Purchase Option is for the purchase of one Unit at $7.20 per whole Unit (and
each Warrant underlying the Units is exercisable for $6.00 per share), upon
effectiveness of the dividend, this Purchase Option will be adjusted to allow
for the purchase of one Unit at $7.20 per Unit, each Unit entitling the holder
to receive two shares of Common Stock and four Warrants (each Warrant
exercisable for $3.00 per share).


6.1.2        Aggregation of
Shares.  If after the date hereof,
and subject to the provisions of Section 6.3, the number of outstanding shares
of Common Stock is decreased by a consolidation, combination or
reclassification of shares of Common Stock or other similar event, then, on the
effective date thereof, the number of shares of Common Stock underlying each of
the Units purchasable hereunder shall be decreased in proportion to such
decrease in outstanding shares. In such case, the number of shares of Common
Stock, and the exercise price applicable thereto, underlying the Warrants
underlying each of the Units purchasable hereunder shall be adjusted in
accordance with the terms of the Warrants (even though such Warrants shall not
yet have been issued).


6.1.3        Replacement of
Securities upon Reorganization, etc. 
In case of any reclassification or reorganization of the outstanding
shares of Common Stock other than a change covered by Section 6.1.1 or 6.1.2
hereof or that solely affects the par value of such shares of Common Stock, or
in the case of any merger or consolidation of the Company with or into another
corporation (other than a consolidation or merger in which the Company is the
continuing corporation and that does not result in any reclassification or
reorganization of the outstanding shares of Common Stock), or in the case of
any sale or conveyance to another corporation or entity of the property of the
Company as an entirety or substantially as an entirety in connection with which
the Company is dissolved, the Holder of this Purchase Option shall have the
right thereafter (until the expiration of the right of exercise of this
Purchase Option) to receive upon the exercise hereof, for the same aggregate
Exercise Price payable hereunder immediately prior to such event, the kind and
amount of shares of stock or other securities or property (including cash)
receivable upon such reclassification, reorganization, merger or consolidation,
or upon a dissolution following any such sale or transfer, by a Holder of the
number of shares of Common Stock of the Company obtainable upon exercise of
this Purchase Option and the underlying Warrants immediately prior to such
event; and if any reclassification also results in a change in shares of Common
Stock covered by Section 6.1.1 or 6.1.2, then such adjustment shall be made
pursuant to Sections 6.1.1, 6.1.2 and this Section 6.1.3. The provisions of
this Section 6.1.3 shall similarly apply to successive reclassifications,
reorganizations, mergers or consolidations, sales or other transfers.


6.1.4        Changes in Form of
Purchase Option.  This form of
Purchase Option need not be changed because of any change pursuant to this
Section, and Purchase Options issued after such change may state the same
Exercise Price and the same number of Units as are stated in the Purchase
Options initially issued pursuant to this Agreement. The acceptance by any
Holder of the issuance of new Purchase Options reflecting a required or
permissive change shall



 6
 









not be deemed to waive any rights to an adjustment
occurring after the Commencement Date or the computation thereof.


6.2   Substitute Purchase Option.   In case of any
consolidation of the Company with, or merger of the Company with, or merger of
the Company into, another corporation (other than a consolidation or merger
which does not result in any reclassification or change of the outstanding
Common Stock), the corporation formed by such consolidation or merger shall
execute and deliver to the Holder a supplemental Purchase Option providing that
the holder of each Purchase Option then outstanding or to be outstanding shall
have the right thereafter (until the stated expiration of such Purchase Option)
to receive, upon exercise of such Purchase Option, the kind and amount of
shares of stock and other securities and property receivable upon such
consolidation or merger, by a holder of the number of shares of Common Stock of
the Company for which such Purchase Option might have been exercised
immediately prior to such consolidation, merger, sale or transfer. Such
supplemental Purchase Option shall provide for adjustments which shall be
identical to the adjustments provided in Section 6. The above provision of this
Section shall similarly apply to successive consolidations or mergers.


6.3   Elimination of Fractional Interests.   The Company
shall not be required to issue certificates representing fractions of shares of
Common Stock or Warrants upon the exercise of this Purchase Option, nor shall
it be required to issue scrip or pay cash in lieu of any fractional interests,
it being the intent of the parties that all fractional interests shall be
eliminated by rounding any fraction up or down to the nearest whole number of
Warrants, shares of Common Stock or other securities, properties or rights.


7.             Reservation
and Listing.


The Company shall at all times reserve and keep
available out of its authorized shares of Common Stock, solely for the purpose
of issuance upon exercise of this Purchase Option or the Warrants underlying
this Purchase Option, such number of shares of Common Stock or other
securities, properties or rights as shall be issuable upon the exercise
thereof. The Company covenants and agrees that, upon exercise of this Purchase
Option and payment of the Exercise Price therefor, all shares of Common Stock
and other securities issuable upon such exercise shall be duly and validly
issued, fully paid and non-assessable and not subject to preemptive rights of
any stockholder. The Company further covenants and agrees that upon exercise of
the Warrants underlying this Purchase Option and payment of the respective
Warrant exercise price therefor, all shares of Common Stock and other
securities issuable upon such exercise shall be duly and validly issued, fully
paid and non-assessable and not subject to preemptive rights of any
stockholder. As long as this Purchase Option shall be outstanding, the Company
shall use its best efforts to cause all (i) Units issuable upon exercise of
this Purchase Option, (ii) shares of Common Stock included in the Units
issuable upon exercise of this Purchase Option, (iii) Warrants included in the
Units issuable upon exercise of this Purchase Option and (iv) shares of Common
Stock issuable upon exercise of the Warrants included in the Units issuable
upon exercise of this Purchase Option to be listed (subject to official notice
of issuance) on all securities exchanges (or, if applicable on the Nasdaq
National Market, SmallCap Market, OTC Bulletin Board or any successor trading
market) on which the Units, the Common Stock or the Public Warrants issued to
the public in connection herewith may then be listed and/or quoted.



 7
 









8.             Certain
Notice Requirements.


8.1   Holder’s Right to Receive Notice.   Nothing herein
shall be construed as conferring upon the Holders the right to vote or consent
as a stockholder for the election of directors or any other matter, or as
having any rights whatsoever as a stockholder of the Company. If, however, at
any time prior to the expiration of this Purchase Option and its exercise, any
of the events described in Section 8.2 shall be proposed, then, in one or more
of said events, the Company shall give written notice of such event at least
fifteen days prior to the date fixed as a record date or the date of closing
the transfer books for the determination of the stockholders entitled to such
dividend, distribution, conversion or exchange of securities or subscription
rights, or entitled to vote on (or notice of) such proposed dissolution,
liquidation, winding up or sale, or entitled to such notice of redemption
pursuant to Section 5 hereof. Such notice shall specify such record date or the
date of the closing of the transfer books, as the case may be. Notwithstanding
the foregoing, the Company shall deliver to each Holder a copy of each notice
given to the other stockholders of the Company at the same time and in the same
manner that such notice is given to the stockholders.


8.2   Events Requiring Notice.   The Company shall be
required to give the notice described in this Section 8 upon one or more of the
following events: (i) if the Company shall take a record of the holders of its
shares of Common Stock for the purpose of entitling them to receive a dividend
or distribution payable otherwise than in cash, or a cash dividend or
distribution payable otherwise than out of retained earnings, as indicated by
the accounting treatment of such dividend or distribution on the books of the
Company, (ii) the Company shall offer to all the holders of its Common Stock
any additional shares of capital stock of the Company or securities convertible
into or exchangeable for shares of capital stock of the Company, or any option,
right or warrant to subscribe therefor, (iii) a dissolution, liquidation or
winding up of the Company (other than in connection with a consolidation or
merger) or a sale of all or substantially all of its property, assets and
business shall be proposed, (iv) if the Company shall delivery a notice to
holders of the warrants of a redemption pursuant to Section 6.2 of the Warrant
Agreement or (v) if the Company shall deliver a notice to the Holder pursuant
to Section 5 of this Purchase Option.


8.3   Notice of Change in Exercise Price.   The Company
shall, promptly after an event requiring a change in the Exercise Price
pursuant to Section 6 hereof, send notice to the Holders of such event and
change (“Price Notice”). The Price Notice shall describe the event
causing the change and the method of calculating same and shall be certified as
being true and accurate by the Company’s President and Chief Executive Officer.


8.4   Transmittal of Notices.   All notices, requests,
consents and other communications under this Purchase Option shall be in
writing and shall be deemed to have been duly made when hand delivered, or
mailed by express mail or private courier service:


(i) if to the registered
Holder of this Purchase Option, to the address of such Holder as shown on the
books of the Company, with a copy to:



 8
 









Greenberg
Traurig, P.A.

777 South Flagler Drive

Suite 300 East

West Palm Beach, Florida 33401

Attention: Morris C. Brown, Esq.


or (ii) if to the
Company, to the following address or to such other address as the Company may
designate by notice to the Holders:


Lumax Acquisition Corp.

509 Madison Avenue, Suite 1510

New York, New York 10022

Attention: Scott W. Hartman


With a copy to:


Pillsbury Winthrop Shaw Pittman LLP

1540 Broadway

New York, New York 10036

Attn: Ronald A. Fleming, Jr., Esq.


9.             Miscellaneous.


9.1   Amendments.   The Company and the Holder may from
time to time supplement or amend this Purchase Option without the approval of
any of the Holders in order to cure any ambiguity, to correct or supplement any
provision contained herein that may be defective or inconsistent with any other
provisions herein, or to make any other provisions in regard to matters or
questions arising hereunder that the Company and the Holder may deem necessary
or desirable and that the Company and the Holder deem shall not adversely
affect the interest of the Holders. All other modifications or amendments shall
require the written consent of and be signed by the party against whom
enforcement of the modification or amendment is sought.


9.2   Headings.   The headings contained herein are for
the sole purpose of convenience of reference, and shall not in any way limit or
affect the meaning or interpretation of any of the terms or provisions of this
Purchase Option.


9.3   Entire Agreement.   This Purchase Option (together
with the other agreements and documents being delivered pursuant to or in
connection with this Purchase Option) constitutes the entire agreement of the
parties hereto with respect to the subject matter hereof, and supersedes all
prior agreements and understandings of the parties, oral and written, with
respect to the subject matter hereof.


9.4   Binding Effect.   This Purchase Option shall inure
solely to the benefit of and shall be binding upon, the Holder and the Company
and their permitted assignees, respective successors, legal representative and
assigns, and no other person shall have or be construed to have any legal or
equitable right, remedy or claim under or in respect of or by virtue of this
Purchase Option or any provisions herein contained.



 9
 









9.5   Governing
Law; Submission to Jurisdiction.   This Purchase Option shall be
governed by and construed and enforced in accordance with the laws of the State
of New York, without giving effect to conflict of laws. The Company hereby
agrees that any action, proceeding or claim against it arising out of, or
relating in any way to this Purchase Option may be brought and enforced in the
courts of the State of New York or of the United States of America for the
Southern District of New York, and irrevocably submits to such jurisdiction.
Any process or summons to be served upon the Company may be served by transmitting
a copy thereof by registered or certified mail, return receipt requested,
postage prepaid, addressed to it at the address set forth in Section 8 hereof.
Such mailing shall be deemed personal service and shall be legal and binding
upon the Company in any action, proceeding or claim. The Company and the Holder
agree that the prevailing party(ies) in any such action shall be entitled to
recover from the other party(ies) all of its reasonable attorneys’ fees and
expenses relating to such action or proceeding and/or incurred in connection
with the preparation therefor.


9.6   Waiver, Etc.   The failure of the Company or the
Holder to at any time enforce any of the provisions of this Purchase Option
shall not be deemed or construed to be a waiver of any such provision, nor to
in any way affect the validity of this Purchase Option or any provision hereof
or the right of the Company or any Holder to thereafter enforce each and every
provision of this Purchase Option. No waiver of any breach, non-compliance or non-fulfillment
of any of the provisions of this Purchase Option shall be effective unless set
forth in a written instrument executed by the party or parties against whom or
which enforcement of such waiver is sought; and no waiver of any such breach,
non-compliance or non-fulfillment shall be construed or deemed to be a waiver
of any other or subsequent breach or non-compliance.


9.7   Execution in Counterparts.   This Purchase Option
may be executed in one or more counterparts, and by the different parties
hereto in separate counterparts, each of which shall be deemed to be an
original, but all of which taken together shall constitute one and the same
agreement, and shall become effective when one or more counterparts has been
signed by each of the parties hereto and delivered to each of the other parties
hereto.


9.8   Exchange Agreement.   As a condition of the Holder’s
receipt and acceptance of this Purchase Option, Holder agrees that, at any time
prior to the complete exercise of this Purchase Option by Holder, if the
Company and the Holder enter into an agreement (“Exchange Agreement”)
pursuant to which they agree that all outstanding Purchase Options will be
exchanged for securities or cash or a combination of both, then Holder shall
agree to such exchange and become a party to the Exchange Agreement.


[Remainder
of this page intentionally left blank; signature page follows.]



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IN WITNESS WHEREOF, the Company has caused this
Purchase Option to be signed by its duly authorized officer as of the        day of              , 2007.


	
  

  	
   

  	
  LUMAX ACQUISITION CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   

  



 



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Form to be used to exercise Purchase Option:


Lumax Acquisition Corp.

509 Madison Avenue, Suite 1510

New York, New York 10022

Attention: Scott W. Hartman


Date: ____________, 20__


The undersigned hereby elects irrevocably to exercise
all or a portion of the within Purchase Option and to purchase _________Units
of Lumax Acquisition Corp. and hereby makes payment of $____________ (at the
rate of $7.20 per Unit) in payment of the Exercise Price pursuant thereto.
Please issue the Common Stock and Warrants as to which this Purchase Option is
exercised in accordance with the instructions given below.


or


The undersigned hereby elects irrevocably to convert
its right to purchase _________Units purchasable under the within Purchase
Option by surrender of the unexercised portion of the attached Purchase Option
(with a “Value” based of $____________ based on a “Market Price” of
$____________). Please issue the securities comprising the Units as to which
this Purchase Option is exercised in accordance with the instructions given
below.


	
   

  	
  NOTICE:
  The signature to this assignment must correspond with the name as written
  upon the face of the purchase option in every particular, without alteration
  or enlargement or any change whatever.

  
	
  Signature(s) Guaranteed: 

  	
   

  



 


THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT
UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
PURSUANT TO S.E.C. RULE 17Ad-15).


INSTRUCTIONS FOR REGISTRATION OF SECURITIES 


	
  Name

  	
   

  
	
  (Print in Block
  Letters)

  	
   

  
	
   

  	
   

  
	
  Address

  	
   

  



 



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Form to be used to assign Purchase Option:


ASSIGNMENT


(To be executed by the registered Holder to effect a
transfer of the within Purchase Option):


FOR VALUE RECEIVED, _____________________ does hereby
sell, assign and transfer unto                          the right to purchase
____________Units of Lumax Acquisition Corp. (“Company”) evidenced by the within
Purchase Option and does hereby authorize the Company to transfer such right on
the books of the Company.


Dated: ____________ , 200__


	
  

  	
  Signature __________________________________________

  
	
   

  	
   

  
	
   

  	
  NOTICE: The signature to this assignment must
  correspond with the name as written upon the face of the purchase option in
  every particular, without alteration or enlargement or any change whatever.

  
	
  Signature(s) Guaranteed:

  	
   

  



 


THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT
UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
PURSUANT TO S.E.C. RULE 17Ad-15).



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