Exhibit 10.8


June 28, 2007


To the Board of Directors
of

Lumax Acquisition Corp.:


Gentlemen:


The
undersigned hereby subscribes for and agrees to purchase 1,333,333 warrants
(the “Insider Warrants”), each to purchase one share of common stock of Lumax
Acquisition Corp. (the “Company”), at $0.90 per Insider Warrant for an
aggregate purchase price of $1,200,000 (“Purchase Price”). The purchase and
issuance of the Insider Warrants shall occur simultaneously with the
consummation of the Company’s initial public offering of securities (“IPO”).


At
least 24 hours prior to the consummation of the IPO, the undersigned shall
deliver the Purchase Price to the Company to hold until the Company consummates
the IPO. Simultaneously with the consummation of the IPO, the Company will
deposit the Purchase Price into the trust fund (“Trust Fund”) established by
the Company for the benefit of certain stockholders as described in the Company’s
Registration Statement. If the IPO is not consummated, the Company shall return
the Purchase Price to the undersigned, without interest or deduction.


The
undersigned represents and warrants that it has been advised that the Insider
Warrants have not been registered under the Securities Act of 1933, as amended
(the “Securities Act”); that it is acquiring the Insider Warrants for its
account for investment purposes only; that it has no present intention of
selling or otherwise disposing of the Insider Warrants in violation of the
securities laws of the United States; that it is an “accredited investor” as
defined by Rule 501 of Regulation D promulgated under the Securities
Act; and that it is familiar with the proposed business, management, financial
condition and affairs of the Company.


Moreover,
the undersigned agrees that it shall not sell or transfer the Insider Warrants
or any underlying securities (collectively, “Insider Securities”) until 30 days
after the Company consummates a merger, capital stock exchange, asset
acquisition or other similar business combination with an operating business (“Business
Combination”) and acknowledges that the certificates of such Insider Warrants
shall contain a legend indicating such restriction on transferability except
the undersigned shall be permitted to sell or transfer the Insider Warrants and
underlying securities to its members or affiliates who agree to be bound
hereby. If the Company solicits approval of its stockholders of a Business
Combination, the undersigned will vote all shares of common stock included
within the Insider Securities owned by it in accordance with the majority of
the votes cast by the holders of the shares of common stock issued in the IPO.
Additionally, the undersigned hereby waives, with respect to the Insider
Warrants, any and all right, title, interest or claim of any kind (“Claim”) in
or to any distribution of the Trust Fund and any remaining net assets of the
Company as a result of the liquidation of the Company.


The
Company hereby acknowledges and agrees that, if the Company calls the warrants
for redemption pursuant to that certain Warrant Agreement to be entered into by
the Company and Continental Stock Transfer & Trust Company in
connection with the Company’s IPO, the Company shall allow the undersigned to
exercise the Insider Warrants on a “cashless basis” pursuant to Section 3.3.1
of the Warrant Agreement.


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  Very truly yours,

  
	
   

  	
   

  	
   

  
	
   

  	
  Lumax Investment
  Management, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: David S.
  Montoya

  
	
   

  	
   

  	
  Title: Chief
  Financial Officer

  



 


Agreed to:


Lumax Acquisition Corp.


	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Scott W.
  Hartman

  	
   

  
	
   

  	
  Title: Chief
  Executive Officer