Document:

China
VantagePoint Acquisition Company

    465
Brickell Avenue, #617

    Miami, FL
33131

    

    EarlyBirdCapital,
Inc.

    275
Madison Avenue, 27th
Floor

    New York,
New York 10016

     

    Re:           Initial Public
Offering

     

    Gentlemen:

     

    The
undersigned shareholder and director of China VantagePoint Acquisition Company
(“Company”), in consideration of EarlyBirdCapital ,Inc. (“EBC”) entering into a
letter of intent (“Letter of Intent”) to underwrite an initial public offering
of the securities of the Company (“IPO”) and embarking on the IPO process,
hereby agrees as follows (certain capitalized terms used herein are defined in
paragraph 15 hereof):

     

    
      	
              1.

            	
              If
      the Company solicits its shareholders for approval of a Business
      Combination, the undersigned will vote all shares of the Company,
      including the Insider Shares, beneficially owned by him in favor of the
      Business Combination.

            

    

     

    
      	
              2.

            	
              In
      the event that the Company fails to consummate a Business Combination
      within 18 months from the consummation of the IPO, or within 24 months
      from the consummation of the IPO if certain criteria are met, as more
      fully described in the registration statement, as amended, relating to the
      IPO (the “Registration Statement”), the undersigned will (i) cause the
      Trust Account (as defined in the Letter of Intent) to be liquidated and
      distributed to the holders of IPO Shares and (ii) take all reasonable
      actions within her power to cause the Company to liquidate as soon as
      reasonably practicable.  The undersigned hereby waives any and
      all right, title, interest or claim of any kind in or to any distribution
      of the Trust Account and any remaining net assets of the Company as a
      result of such liquidation with respect to her Insider Shares (“Claim”)
      and hereby waives any Claim the undersigned may have in the future as a
      result of, or arising out of, any contracts or agreements with the Company
      and will not seek recourse against the Trust Account for any reason
      whatsoever.  In the event of the liquidation of the Trust
      Account (other than immediately prior to the consummation of Business
      Combination), the undersigned agrees to indemnify and hold harmless the
      Company against any and all loss, liability, claims, damage and expense
      whatsoever (including, but not limited to, any and all legal or other
      expenses reasonably incurred in investigating, preparing or defending
      against any litigation, whether pending or threatened, or any claim
      whatsoever) to which the Company may become subject as a result of any
      claim by any vendor or other person who is owed money by the Company for
      services rendered to the Company in excess of the net proceeds of the IPO
      not held in trust or contracted for or products sold, or by any target
      business, but only to the extent necessary to ensure that such loss,
      liability, claim, damage or expense does not reduce the amount in the
      Trust Account below $6.00 per share; provided that such indemnity shall
      not apply if such vendor or prospective target business executed a valid
      and binding agreement enforceable under law waiving any claims
      against the Trust Account.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              3.

            	
              In
      order to minimize potential conflicts of interest which may arise from
      multiple affiliations, the undersigned agrees to present to the Company
      for its consideration, prior to presentation to any other person or
      entity, any suitable opportunity to acquire an operating business, until
      the earlier of the consummation by the Company of a Business Combination,
      the liquidation of the Company and such time as the undersigned ceases to
      be an officer or director of the Company, subject to any pre-existing
      fiduciary and contractual obligations the undersigned might
      have.

            

    

     

    
      	
              4.

            	
              The
      undersigned acknowledges and agrees that the Company will not consummate
      any Business Combination with an entity (i) which the Company’s officers
      or directors, through their other business activities, had acquisition or
      investment discussions in the past, (ii) which is, or has been within the
      past five years, affiliated with any of the Insiders or their affiliates,
      including an entity that is either a portfolio company of, or has
      otherwise received a material financial investment from, any private
      equity fund or investment company (or an affiliate thereof) that is
      affiliated with such individuals; or (iii) where the Company acquires less
      than 100% of such entity and any of the Insiders or their affiliates
      acquire the remaining portion of such target business, unless, in any
      case, the Company obtains an opinion from an independent investment
      banking firm reasonably acceptable to EBC that the business combination is
      fair to the Company’s unaffiliated shareholders from a financial point of
      view.

            

    

     

    
      	
              5.

            	
              Neither
      the undersigned, any member of the family of the undersigned, nor any
      affiliate (“Affiliate”) of the undersigned will be entitled to receive and
      will not accept any compensation for services rendered to the Company
      prior to or in order to effectuate the consummation of the Business
      Combination; provided that commencing on the Effective Date and ending on
      the earlier of the Company’s consummation of a Business Combination or the
      liquidation of the Trust Account if the Company has not completed a
      Business Combination within the required time periods, Ray Shi Capital
      Group, LLC (“Related Party”) shall be allowed to charge the Company $7,500
      per month, representing an allocable share of Related Party’s overhead, to
      compensate it for the Company’s use of Related Party’s offices, utilities
      and personnel.  Related Party and the undersigned shall also be
      entitled to reimbursement from the Company for their out-of-pocket
      expenses incurred in connection with seeking and consummating a Business
      Combination.

            

    

     

    
      	
              6.

            	
              Neither
      the undersigned, any member of the family of the undersigned, nor any
      Affiliate of the undersigned will be entitled to receive or accept a
      finder’s fee or any other compensation in the event the undersigned, any
      member of the family of the undersigned or any Affiliate of the
      undersigned originates a Business
Combination.

            

    

     

    
      	
              7.

            	
              On
      the Effective Date, the undersigned will escrow the Insider Shares
      beneficially held him pursuant to the terms of a Stock Escrow Agreement
      which the Company will enter into with the undersigned and an escrow agent
      acceptable to the Company.  The undersigned further agrees that
      the Insider Warrants (or underlying securities) will be subject to
      transfer restrictions described in the Registration Statement and the
      Warrant Purchase Agreement that the undersigned is entering into relating
      to the purchase of such Insider
Warrants.

            

    

     

    
      	
              8.

            	
              The
      undersigned agrees to be a director of the Company until the earlier of
      the consummation by the Company of a Business Combination and the
      liquidation of the Company if it has not completed a Business Combination
      within the required time periods.  The undersigned’s
      biographical information furnished to the Company and EBC and attached
      hereto as Exhibit A is true and accurate in all respects, does not omit
      any material information with respect to the undersigned’s background and
      contains all of the information required to be disclosed pursuant to Item
      401 of Regulation S-K, promulgated under the Securities Act of 1933, as
      amended.  The undersigned’s Questionnaire furnished to the
      Company and EBC and annexed as Exhibit B hereto is true and accurate in
      all respects.  The undersigned represents and warrants
      that:

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              a.

            	
              she
      is not subject to, or a respondent in, any legal action for, any
      injunction, cease-and-desist order or order or stipulation to desist or
      refrain from any act or practice relating to the offering of securities in
      any jurisdiction;

            

    

     

    
      	
               
      

            	
              b.

            	
              she
      has never been convicted of or pleaded guilty to any crime (i) involving
      any fraud or (ii) relating to any financial transaction or handling of
      funds of another person, or (iii) pertaining to any dealings in any
      securities and she is not currently a defendant in any such criminal
      proceeding; and

            

    

     

    
      	
               
      

            	
              c.

            	
              she
      has never been suspended or expelled from membership in any securities or
      commodities exchange or association or had a securities or commodities
      license or registration denied, suspended or
  revoked.

            

    

     

    
      	
              9.

            	
              The
      undersigned has full right and power, without violating any agreement by
      which she is bound, to enter into this letter agreement and to serve as a
      director of the Company.

            

    

     

    
      	
              10.

            	
              The
      undersigned hereby waives her right to exercise redemption rights in
      connection with any vote held by the Company to approve a proposed
      Business Combination with respect to any Ordinary Shares of the Company
      owned or to be owned by the undersigned, directly or indirectly, and
      agrees that he will not seek redemption with respect to such shares in
      connection with any vote to approve such a proposed Business
      Combination.

            

    

     

    
      	
              11.

            	
              The
      undersigned hereby waives her right to participate in any tender offer
      commenced by the Company and further agrees that she will not tender any
      securities then held by him in any such tender
  offer.

            

    

     

    
      	
              12.

            	
              The
      undersigned hereby agrees to not propose, or vote in favor of, an
      amendment to the Company’s Amended and Restated Memorandum and Articles of
      Association to extend the period of time in which the Company must
      consummate a Business Combination prior to its liquidation. Should such a
      proposal be put before shareholders other than through actions by the
      undersigned, the undersigned hereby agrees to vote against such
      proposal.

            

    

     

    
      	
              13.

            	
              In
      the event that the Company does not consummate a Business Combination and
      must liquidate, and its remaining net assets are insufficient to complete
      such liquidation, the undersigned agrees to advance such funds necessary
      to complete such liquidation and agrees not to seek repayment for such
      expenses.

            

    

     

    
      	
              14.

            	
              This
      letter agreement shall be governed by and construed and enforced in
      accordance with the laws of the State of New York, without giving effect
      to conflicts of law principles that would result in the application of the
      substantive laws of another jurisdiction.  The undersigned
      hereby (i) agrees that any action, proceeding or claim against him arising
      out of or relating in any way to this letter agreement (a “Proceeding”)
      shall be resolved through final and biding arbitration in accordance with
      the International Arbitration Rules of the American Arbitration
      Association (“AAA”) brought before the AAA International Center for
      Dispute Resolution’s offices in New York City, New York, will be conducted
      in English and will be decided by a panel of three arbitrators selected
      from the AAA Commercial Disputes Panel and that the arbitrator panel’s
      decision shall be final and enforceable by any court having jurisdiction
      over the party from whom enforcement is sought, (ii) waives any objection
      to such exclusive jurisdiction and that such courts represent an
      inconvenient forum and (iii) irrevocably agrees to appoint Loeb & Loeb
      LLP as agent for the service of process in the State of New York to
      receive, for the undersigned and on his behalf, service of process in any
      Proceeding.  If for any reason such agent is unable to act as
      such, the undersigned will promptly notify the Company and EBC and appoint
      a substitute agent acceptable to each of the Company and EBC within 30
      days and nothing in this letter will affect the right of either party to
      serve process in any other manner permitted by
  law.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              15.

            	
              As
      used herein, (i) a “Business Combination” shall mean a merger, capital
      stock exchange, asset acquisition or other similar business combination
      with an operating business; (ii) “Insiders” shall mean all officers,
      directors and shareholders of the Company immediately prior to the IPO;
      (iii) “Insider Shares” shall mean all of the Ordinary Shares of the
      Company acquired by an Insider prior to the IPO; (iv) “Insider Warrants”
      means the warrants being sold privately by the Company to certain of the
      Insiders; and (v) “IPO Shares” shall mean the Ordinary Shares issued in
      the Company’s IPO.

            

    

     

     \

     

    
      
        
          
            
              
                	 
      	 
        	 
      
	 
      	
                              
                          Ye
      (Sophie) Tao

                        

                      	 
      
	 
      	 
      	 
      
	 
      	 
        	 
      
	 
      	
                        SignatureINVESTMENT
MANAGEMENT TRUST AGREEMENT

     

    This
INVESTMENT MANAGEMENT TRUST AGREEMENT (this “Agreement”) is made
as of [●], 2011 by and between China VantagePoint Acquisition Company (the
“Company”) and
Continental Stock Transfer & Trust Company (the “Trustee”).

     

    WHEREAS,
the Company’s Registration Statement on Form S−1, No. 333-170006 (the “Registration
Statement”), relating to the Company’s initial public offering of
securities (“IPO”) has been
declared effective as of the date hereof by the Securities and Exchange
Commission (the “Effective
Date”);

     

    WHEREAS,
EarlyBirdCapital, Inc. is acting as the underwriter (the “Underwriter”) in the
IPO;

     

    WHEREAS,
the Company will complete a private placement of an aggregate of 2,642,857
warrants at a price of $0.35 per warrant (the “Private Placement”)
simultaneously with the completion of the IPO;

     

    WHEREAS,
as described in the Registration Statement, and in accordance with the Company’s
Amended and Restated Memorandum and Articles of Association, $15,000,000 of the
net proceeds of the IPO and the Private Placement ($17,171,250 if the
Underwriter’s over-allotment option is exercised in full), will be delivered to
the Trustee to be deposited and held in a trust account for the benefit of the
Company and the holders of the Company’s ordinary shares, par value $0.001,
issued in the IPO.  The amount to be delivered to the Trustee will be
referred to herein as the “Property,” and the
parties for whose benefit the Trustee shall hold the Property will be referred
to together with the Company as the “Beneficiaries”;
and

     

    WHEREAS,
the Company and the Trustee desire to enter into this Agreement to set forth the
terms and conditions pursuant to which the Trustee shall hold the
Property.

     

    NOW,
THEREFORE, in consideration of the premises herein contained and other good and
valuable consideration, the sufficiency of which is hereby acknowledged, the
parties agree as follows:

     

    
      	
               
      

            	
              1.

            	
              Agreement
      and Covenants of Trustee

            

    

     

    The
Trustee hereby agrees and covenants to:

     

    (a)  Hold
the Property in trust for the Beneficiaries in accordance with the terms of this
Agreement in a segregated trust account (the “Trust Account”)
established by the Trustee at a branch of CitiBank, N.A.;

     

    (b)  Manage,
supervise and administer the Trust Account subject to the terms and conditions
set forth herein;

     

    (c)  In
a timely manner, upon the instruction of the Company, to invest and reinvest the
Property in United States “government securities” within the meaning of Section
2(a)(16) of the Investment Company Act of 1940 having a maturity of 180 days or
less and/or in any open ended investment company registered under the Investment
Company Act of 1940 that holds itself out as a money market fund, selected by
the Company meeting the conditions of Rule 2a-7 promulgated under the Investment
Company Act of 1940;

      

    
    

    
    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
    

     

    (d)  Collect
and receive, when due, all principal and income arising from the Property, which
shall become part of the Property, as such term is used herein;

     

    (e)  Promptly
notify the Company and the Underwriter of all communications received by it with
respect to any Property requiring action by the Company;

     

    (f)   Supply
any necessary information or documents as may be requested by the Company in
connection with the Company’s preparation of its tax returns;

     

    (g)  Participate
in any plan or proceeding for protecting or enforcing any right or interest
arising from the Property if, as and when instructed by the Company and/or the
Underwriter to do so;

     

    (h)  Render
to the Company and to the Underwriter, and to such other person as the Company
may instruct, monthly written statements of the activities of and amounts in the
Trust Account reflecting all receipts and disbursements of the Trust
Account;

     

    (i)   Commence
liquidation of the Trust Account only after receipt of and only in accordance
with the terms of a letter (the “Termination Letter”),
in a form substantially similar to that attached hereto as either Exhibit A or
Exhibit B, signed on behalf of the Company by its Chief Executive Officer or
Chairman or other authorized officer, and complete the liquidation of the Trust
Account and distribute the Property in the Trust Account only as directed in the
Termination Letter and the other documents referred to therein (including the
“Instruction Letter” from the Company and the Underwriter with respect to the
transfer of the funds held in the Trust Account upon consummation of a Business
Combination); provided, however, that in the event that a Termination Letter has
not been received by the Trustee by the 18-month anniversary of the closing
(“Closing”) of the IPO (“First Date”), or the 24-month anniversary of the
Closing (“Last Date”) in the event that a definitive agreement for a Business
Combination has been executed on or prior to the First Date but the Business
Combination has not been consummated by the Last Date, the Trust Account shall
be liquidated in accordance with the procedures set forth in the Termination
Letter attached as Exhibit B hereto and distributed to the stockholders of
record, other than the Company’s shareholders prior to the IPO, on the Last
Date; and

     

    (j)   Distribute
the funds as directed in any Tax Disbursement Letter, Disbursement Letter or
Repurchase Notification Letter (each as defined in paragraph 3(c)
below).

     

    
      	
               
      

            	
              2.

            	
              Agreements
      and Covenants of the Company

            

    

     

    The
Company hereby agrees and covenants to:

     

    (a)  Give
all instructions to the Trustee hereunder in writing, signed by the Company’s
Chief Executive Officer.  In addition, except with respect to its
duties under paragraph 1(i) above, the Trustee shall be entitled to rely on, and
shall be protected in relying on, any verbal or telephonic advice or instruction
which it in good faith believes to be given by any one of the persons authorized
above to give written instructions, provided that the Company shall promptly
confirm such instructions in writing;

     

    (b)  Subject
to the provisions of Section 6(h) of this Agreement, hold the Trustee harmless
and indemnify the Trustee from and against any and all expenses, including
reasonable counsel fees and disbursements, or loss suffered by the Trustee in
connection with any action, suit or other proceeding brought against the Trustee
involving any claim, or in connection with any claim or demand which in any way
arises out of or relates to this Agreement, the services of the Trustee
hereunder, or the Property or any income earned from investment of the Property,
except for expenses and losses resulting from the Trustee’s gross negligence or
willful misconduct.  Promptly after the receipt by the Trustee of
notice of demand or claim or the commencement of any action, suit or proceeding,
pursuant to which the Trustee intends to seek indemnification under this
paragraph, it shall notify the Company in writing of such claim (hereinafter
referred to as the “Indemnified
Claim”).  The Trustee shall have the right to conduct and
manage the defense against such Indemnified Claim, provided, that the Trustee
shall obtain the consent of the Company with respect to the selection of
counsel, which consent shall not be unreasonably withheld.  The
Company may participate in such action with its own counsel;

      

    
    

    
    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
    

     

    (c)  Pay
the Trustee an initial acceptance fee of $[●] and an annual fee of $[●] (it
being expressly understood that the Property shall not be used to pay such
fee).  The Company shall pay the Trustee the initial acceptance fee
and first year’s fee at the consummation of the IPO and thereafter shall pay the
annual fee on each anniversary of the Effective Date.  The Trustee
shall refund to the Company the fee (on a pro rata basis) with respect to any
period after the liquidation of the Trust Account.  The Company shall
not be responsible for any other fees or charges of the Trustee except as may be
provided in paragraph 2(b) hereof (it being expressly understood that the
Property shall not be used to make any payments to the Trustee under such
paragraph);

     

    (d)  In
connection with any vote of the Company’s shareholders regarding a Business
Combination, provide to the Trustee an affidavit or certificate of a firm
regularly engaged in the business of soliciting proxies and tabulating
stockholder votes (which firm may be the Trustee) verifying the vote of the
Company’s stockholders regarding such Initial Business Combination;

     

    (e)  In
all cases, provide the Underwriter with a copy of any Termination Letters and/or
any other correspondence that it sends to the Trustee with respect to any
proposed withdrawal from the Trust Account promptly after it issues the same;
and

     

    
      	
               
      

            	
              3.

            	
              Limited
      Distribution of Income and Trust Account
  Property.

            

    

     

    (a)  Upon
written request from the Company, which may be given from time to time in a form
substantially similar to that attached hereto as Exhibit C (a “Tax Disbursement
Letter”), the Trustee shall distribute to the Company interest earned on
the Property in an amount necessary to cover any income tax obligation owed by
the Company;

     

    (b)  Upon
written request from the Company, which may be given from time to time in a form
substantially similar to that attached hereto as Exhibit D (a “Disbursement
Letter”), the Trustee shall distribute to the Company interest earned on
the Property in an amount requested by the Company to cover expenses related to
investigating and selecting a target business and other working capital
requirements; provided, however, that the Company will not be allowed to
withdraw interest income earned on the Trust Account unless there are sufficient
funds available to pay the Company’s tax obligations on such interest income or
otherwise then due at that time; and

     

    (c)  Pursuant
to the Company’s 10b5-1 Plan, upon written request from the Company, which may
be given from time to time commencing 61 days after the date hereof and ending
on the date immediately prior to (i) the date on which a vote is held to approve
a proposed Business Combination or (ii) the commencement of a tender offer in
connection with a proposed Business Combination, in a form substantially similar
to that attached as Exhibit E (a “Repurchase Notification
Letter”), the Trustee shall distribute to the Company the amount
necessary for it to purchase up to 1,250,000 subunits (or up to 1,437,500
subunits if the over-allotment option in the IPO is exercised in full (in either
case, such amount being referred to as the “Maximum Amount”)), at
prices (including commissions) not to exceed $5.70 per share (such price being
referred to as the “Maximum Price”);
and

      

    
    

    
    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
    

     

    (d)  The
limited distributions referred to in paragraphs 3(a) and 3(b) above shall
be made only from interest and any other income collected on the Property.
Except as provided in paragraphs 3(a), 3(b) and 3(c) above, no other
distributions from the Trust Account shall be permitted except in accordance
with paragraph 1(i) hereof.

     

    
      	
               
      

            	
              4.

            	
              Limitations
      of Liability.

            

    

     

    The
Trustee shall have no responsibility or liability to:

     

    (a)  take
any action with respect to the Property, other than as directed in
paragraphs 1 and 3 hereof and the Trustee shall have no liability to any
party except for liability arising out of its own gross negligence or willful
misconduct;

     

    (b)  institute
any proceeding for the collection of any principal and income arising from, or
institute, appear in or defend any proceeding of any kind with respect to, any
of the Property unless and until it shall have received instructions from the
Company given as provided herein to do so and the Company shall have advanced or
guaranteed to it funds sufficient to pay any expenses incident
thereto;

     

    (c)  change
the investment of any Property, other than in compliance with paragraph
1(c);

     

    (d)  refund
any depreciation in principal of any Property;

     

    (e)  assume
that the authority of any person designated by the Company to give instructions
hereunder shall not be continuing unless provided otherwise in such designation,
or unless the Company shall have delivered a written revocation of such
authority to the Trustee;

     

    (f)   the
other parties hereto 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 in the
exercise of its own best judgment, except for its gross negligence or willful
misconduct.  The Trustee may rely conclusively and shall be protected
in acting upon any order, notice, demand, certificate, opinion or advice of
counsel (including counsel chosen by the Trustee), 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 Trustee, in good
faith, to be genuine and to be signed or presented by the proper person or
persons.  The Trustee shall not be bound by any notice or demand, or
any waiver, modification, termination or rescission of this Agreement or any of
the terms hereof, unless evidenced by a written instrument delivered to the
Trustee signed by the proper party or parties and, if the duties or rights of
the Trustee are affected, unless it shall give its prior written consent
thereto;

     

    (g)  verify
the correctness of the information set forth in the Registration Statement or to
confirm or assure that any acquisition made by the Company or any other action
taken by it is as contemplated by the Registration Statement;

     

    (h)  subject
to the requirements of paragraph 3 of this Agreement, pay any taxes on behalf of
the Trust Account to any governmental entity or taxing authority;

     

    (i)   file
local, state and/or Federal tax returns or information returns with any taxing
authority on behalf of the Trust Account and payee statements with the Company
documenting the taxes, if any, payable by the Company or the Trust Account,
relating to the income earned on the Property.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (j)   pay
any taxes on behalf of the Trust Account (it being expressly understood that the
Property shall not be used to pay any such taxes and that such taxes, if any,
shall be paid by the Company from funds not held in the Trust Account or from
income earned on the Trust Account).

     

    (k)  imply
obligations, perform duties, inquire or otherwise be subject to the provisions
of any agreement or document other than this Agreement and that which is
expressly set forth herein.

     

    (l)   verify
calculations, qualify or otherwise approve Company requests for distributions
pursuant to Sections 1(i), 1(j), 3(a), 3(b) or 3(c) above..

     

    
      	
               
      

            	
              5.

            	
              Termination.

            

    

     

    This
Agreement shall terminate as follows:

     

    (a)  If
the Trustee gives written notice to the Company that it desires to resign under
this Agreement, the Company shall use its reasonable efforts to locate a
successor trustee during which time the Trustee shall act in accordance with
this Agreement.  At such time that the Company notifies the Trustee
that a successor trustee has been appointed by the Company and has agreed to
become subject to the terms of this Agreement, the Trustee shall transfer the
management of the Trust Account to the successor trustee, including but not
limited to the transfer of copies of the reports and statements relating to the
Trust Account, whereupon this Agreement shall terminate; provided, however,
that, in the event that the Company does not locate a successor trustee within
ninety days of receipt of the resignation notice from the Trustee, the Trustee
may submit an application to have the Property deposited with the United States
District Court for the Southern District of New York and upon such deposit, the
Trustee shall be immune from any liability whatsoever that arises due to any
actions or omissions to act by any party after such deposit; or

     

    (b) At
such time that the Trustee has completed the liquidation of the Trust Account in
accordance with the provisions of paragraph 1(i) hereof, and distributed the
Property in accordance with the provisions of the Termination Letter, this
Agreement shall terminate except with respect to paragraph 2(b).

     

    
      	
               
      

            	
              6.

            	
              Miscellaneous.

            

    

     

    (a)  In
executing funds transfers, the Trustee will rely upon account numbers or other
identifying numbers of a beneficiary, beneficiary’s bank or intermediary bank,
rather than names.  The Trustee shall not be liable for any loss,
liability or expense resulting from any error in an account number or other
identifying number, provided it has accurately transmitted the numbers
provided.

     

    (b)  This
Agreement 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.  It may be executed in several counterparts, each one of which
shall constitute an original, and together shall constitute but one
instrument.

     

    (c)  This
Agreement contains the entire agreement and understanding of the parties hereto
with respect to the subject matter hereof.  Except for Sections 1(i),
1(j), 3(a), 3(b) and 3(c), this Agreement or any provision hereof may only be
changed, amended or modified by a writing signed by each of the parties hereto;
provided, however, that no such change, amendment or modification may be made
without the prior written consent of the Underwriter, which the parties
specifically agree is and shall be a third party beneficiary for purposes of
this Agreement.  As to any claim, cross-claim or counterclaim in any
way relating to this Agreement, each party waives the right to trial by
jury.

      

    
    

    
    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
    

     

    (d)  The
parties hereto consent to the jurisdiction and venue of any state or federal
court located in the City of New York for purposes of resolving any disputes
hereunder.

     

    (e)  Any
notice, consent or request to be given in connection with any of the terms or
provisions of this Agreement shall be in writing and shall be sent by express
mail or similar private courier service, by certified mail (return receipt
requested), by hand delivery or by facsimile transmission:

     

    if to the
Trustee, to:

     

    [____________________]

    [____________________]

    [____________________]

    [____________________]

    Fax No.:
[●]

    Attn:
[●]

    

    if to the
Company, to:

     

    China
VantagePoint Acquisition Company

    465
Brickell Avenue, #617

    Miami, FL
33131

    Fax No.:
[  •  ]

    Attn: Wei
Li, Chief Executive Officer

    

    in either
case with a copy to:

     

    EarlyBirdCapital,
Inc.

    275
Madison Avenue, 27th
Floor

    New York,
NY 10016

    Fax No:
[  •  ]

    Attn:
Steven Levine

    

    and

    

    Loeb & Loeb LLP

    345 Park Avenue

    New York, NY 10154

    Fax No.: (212) 407-4990

    Attn: Mitchell S. Nussbaum,
Esq.

    

    and

    

    Graubard Miller

    The Chrysler Buidling

    405 Lexington Avenue, 19th
Floor

    New York,
NY 10174

    Fax No.:
(212) 818-8000

    Attn: David Alan Miller,
Esq.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    (f)   This
Agreement may not be assigned by the Trustee without the prior written consent
of the Company and the Underwriter.

     

    (g)  Each
of the Trustee and the Company hereby represents that it has the full right and
power and has been duly authorized to enter into this Agreement and to perform
its respective obligations as contemplated hereunder.

     

    (h)  The
Trustee  waives any right of set-off or any right, title, interest or
claim of any kind that the Trustee may have against the Property held in the
Trust Account, and acknowledges and agrees that it shall not make any claims or
proceed against the Trust Account, including by way of set-off, and shall not be
entitled to any funds in the Trust Account under any circumstance. In the event
the Trustee has a claim against the Company under this Agreement, including,
without limitation, under paragraph 2(b), the Trustee will pursue such
claim solely against the Company and not against the Property held in the Trust
Account.

     

    [Signature Page
Follows]

      

    
    

    
    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties have duly executed this Investment Management Trust
Agreement as of the date first written above.

     

    [________________________________]

      

    
    

    
    

    
      
        
          	
                  By:

                	 
      	 
      
	 
      	
                  Name:

                	 
      
	 
      	
                  Title:

                	 
      

        

          

        
        

      

    

    
    

    
      
        
          
            
              	
                      CHINA
      VANTAGEPOINT ACQUISITION COMPANY

                    
	 
      
	
                      By:

                    	 
      	 
      
	 
      	
                      Name:
      Wei Li

                    
	 
      	
                      Title:
      Chief Executive Officer

                    

            

              

            
            

          

        

      

    

    
    

    
      
         

      

      
        (Signature
Page)

        
          

        

      

      
         

      

    

    Exhibit
A

     

    [LETTERHEAD
OF COMPANY]

     

    [date]

     

    [Transfer
Agent]

    [Address]

      

    
    

    
    

    Re: Trust Account No. [●]
Termination Letter

     

    Gentlemen:

     

    Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between China
VantagePoint Acquisition Company (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”), dated as
of [●], 2011 (the “Trust Agreement”),
this is to advise you that the Company has entered into an agreement (the “Business Agreement”)
with [●] (the “Target
Business”) to consummate a business combination with the Target Business
(the “Business
Combination”) on or about [●].  The Company shall notify you at
least 48 hours in advance of the actual date of the consummation of the Business
Combination (the “Consummation
Date”).

     

    In
accordance with the terms of the Trust Agreement, we hereby authorize you to
commence liquidation of the Trust Account to the effect that, on the
Consummation Date, all of funds held in the Trust Account will be immediately
available for transfer to the account or accounts that the Company shall direct
on the Consummation Date.

     

    On the
Consummation Date: (i) counsel for the Company shall deliver to you written
notification that the Business Combination has been consummated and (ii) the
Company shall deliver to you [(a) [an affidavit] [a certificate] of _________,
which verifies the vote of the Company’s shareholders in connection with the
Business Combination and (b)]1 joint written instructions from the Company
and EarlyBirdCapital, Inc., the underwriter of the Company’s initial public
offering, with respect to the transfer of the funds held in the Trust Account
(the “Instruction
Letter”).  You are hereby directed and authorized to transfer
the funds held in the Trust Account immediately upon your receipt of written
notice from counsel and the Instruction Letter in accordance with the terms of
the Instruction Letter.  In the event that certain deposits held in
the Trust Account may not be liquidated by the Consummation Date without
penalty, you will notify the Company of the same, and the Company and the
Underwriter shall jointly direct you as to whether such funds should remain in
the Trust Account and be distributed after the Consummation Date to the Company
or be distributed immediately and the penalty incurred.  Upon the
distribution of all the funds in the Trust Account pursuant to the terms hereof,
the Trust Agreement shall be terminated and the Trust Account
closed.

     

    In the
event that the Business Combination is not consummated on the Consummation Date
described in the notice thereof and we have not notified you on or before the
original Consummation Date of a new Consummation Date, then the funds held in
the Trust Account shall be reinvested as provided in the Trust Agreement on the
business day immediately following the Consummation Date as set forth in the
notice.

     

    Very
truly yours,

         
      
        

      

    

    
      
        1 Include
only if there is a shareholder vote.

      

    

    
      
         

      

      
        A-1

        
          

        

      

      
         

      

    

        

    
    

    
    

    
      
        
          
            
              
                	
                        CHINA
      VANTAGEPOINT ACQUISITION COMPANY

                      
	 
      	 
      
	
                        By:

                      	 
      	 
      
	 
      	
                        Name:

                      	 
      
	 
      	
                        Title:

                      	 
      
	 
      	 
      
	
                        Affirmed:

                      	 
      
	 
      	 
      
	
                        By:

                      	 
      	 
      
	 
      	
                        Name:

                      	 
      
	 
      	
                        Title:

                      	 
      
	 
      	 
      
	
                        cc:

                      	
                        EarlyBirdCapital,
      Inc.

                      	 
      

              

                

            

          

        

      

    

    
    

    
      
         

      

      
        A-2

        
          

        

      

      
         

      

    

    Exhibit
B

     

    [LETTERHEAD
OF COMPANY]

     

    [date]

     

    [Trustee]

    [Address]

     

    Re: Trust Account No. [●]
Termination Letter

     

    Gentlemen:

     

    Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between China
VantagePoint Acquisition Company (the “Company”) and
[_____________] (the “Trustee”), dated as
of [●], 2011 (the “Trust Agreement”),
this is to advise you that (i) the Company has been unable to effect a Business
Combination within the time frame specified in the Amended and Restated Articles
of Association of the Company, (ii) the Company’s existence expired in
accordance with the terms of its Amended and Restated Articles of Association on
[●]; and (iii) the Company is proceeding to dissolve and liquidate.

     

    Capitalized
terms used but not defined herein shall have the meanings given them in the
Trust Agreement.

     

    In
accordance with the terms of the Trust Agreement, we hereby authorize and
request that you commence liquidation of the Trust Account as part of the
Company’s plan of dissolution and distribution.  In connection with
this liquidation, you are hereby authorized to establish a record date for the
purposes of determining the stockholders of record entitled to receive their per
share portion of the Trust Account.  The record date shall be within
10 days of the liquidation date, or as soon thereafter as is
practicable.  Company has appointed [●] to serve as its designated
paying agent (the “Designated Paying
Agent”). You will notify the Company and the Designated Paying Agent in
writing as to when all of the funds in the Trust Account will be available for
immediate transfer (the “Transfer
Date”).  The Designated Paying Agent shall thereafter notify
you as to the account or accounts of the Designated Paying Agent that the funds
in the Trust Account should be transferred to on the Transfer Date so that the
Designated Paying Agent may commence distribution of such funds in accordance
with the Company’s instructions.

      

    
    

    
    

    
      
         

      

      
        B-1

        
          

        

      

      
         

      

    

    You shall
have no obligation to oversee the Designated Paying Agent’s distribution of the
funds.  Upon the payment to the Designated Paying Agent of all the
funds in the Trust Account, the Trust Agreement shall be terminated and the
Trust Account closed.

     

    Very
truly yours,

     

    
      
        
          
            	
                    CHINA
      VANTAGEPOINT ACQUISITION COMPANY

                  
	 
      	 
      
	
                    By:

                  	 
      	 
      
	 
      	
                    Name:

                  	 
      
	 
      	
                    Title:

                  	 
      
	 
      	 
      
	
                    Affirmed:

                  	 
      
	 
      	 
      
	
                    By:

                  	 
      	 
      
	 
      	
                    Name:

                  	 
      
	 
      	
                    Title:

                  	 
      
	 
      	 
      
	
                    cc:

                  	
                    EarlyBirdCapital,
      Inc.

                  	 
      

          

            

          
          

        

      

    

    
    

    
      
         

      

      
        B-2

        
          

        

      

      
         

      

    

    Exhibit
C

     

    [LETTERHEAD
OF COMPANY]

     

    [date]

     

    [Trustee]

    [Address]

      

    
    

    
    

    Re: Trust Account No. [●] Tax
Disbursement Letter

     

    Gentlemen:

     

    Pursuant
to paragraph 3(a)(i) of the Investment Management Trust Agreement between China
VantagePoint Acquisition Company (the “Company”) and
[______________] (the “Trustee”) dated as of
[●] (the “Trust
Agreement”), this is to advise you that the Trust Account, as defined in
the Trust Agreement, has incurred a total of [●] in taxes (the “Tax Payments”) for
the period from [●], 200[●] to [●], 200[●] (the “Tax Period”) as a
result of interest and other income earned on the Property, as defined in the
Trust Agreement or other tax obligations of the Company, in each case during the
Tax Period.

     

    In
accordance with the terms of the Trust Agreement, we hereby authorize you to
distribute from the Trust Account interest income earned on  the
Property (as defined in the Trust Agreement) equal to the aggregate Tax Payments
on such dates, in such amounts and to such payees as indicated on the Schedule
of Tax Payments attached hereto as Schedule 1.  All checks should be
delivered to the Company at [address].

     

    Very
truly yours,

     

    
      
        
          
            
              
                
                  
                    	
                            CHINA
      VANTAGEPOINT ACQUISITION COMPANY

                          
	 
      	 
      
	
                            By:

                          	 
      	 
      
	 
      	
                            Name:

                          	 
      
	 
      	
                            Title:

                          	 
      
	 	 	 
	
                            Authorized
      Counsel Signatory:

                          	 
      
	 
      	 
      
	
                            By:

                          	 
      	 
      
	 
      	
                            Name:

                          	 
      
	 
      	
                            Title:

                          	 
      
	 
      	 
      
	
                            cc:

                          	
                            EarlyBirdCapital,
      Inc.

                          	 
      

                  

                    

                  
                  

                

              

            

          

        

      

    

    
    

    
      
         

      

      
        C-1

        
          

        

      

      
         

      

    

    Schedule
1

     

    Schedule
of Tax Payments

    
    

    Payment
Date:  [●]

    Amount:  [●]

    Payee:  [●]

    

    Payment
Date: [●]

    Amount:  [●]

    Payee:  [●]

       

    Payment
Date:  [●]

    Amount:  [●]

    Payee:  [●]

      

    
    

    
    

    
      
         

      

      
        C-2

        
          

        

      

      
         

      

    

    Exhibit
D

     

    [LETTERHEAD
OF COMPANY]

     

    [date]

     

    [Trustee]

    [Address]

     

    Re: Trust Account No. [●]
Disbursement Letter

     

    Gentlemen:

     

    Pursuant
to paragraph 3(b) of the Investment Management Trust Agreement between
China VantagePoint Acquisition Company (the “Company”) and
[_____________________] dated as of [●] (the “Trust Agreement”), we
hereby authorize you to disburse from the Trust Account interest income earned
on the Property, as defined in the Trust Agreement, equal to $[●], to [●] via
wire transfer on [●], 200[●].  The Company needs such funds to cover
its expenses relating to investigating and selecting a target business and other
working capital requirements.

    
    

    
Very
truly yours,

     

    
      
        
          
            
              	
                      CHINA
      VANTAGEPOINT ACQUISITION COMPANY

                    
	 
      	 
      
	
                      By:

                    	 
      	 
      
	 
      	
                      Name:

                    	 
      
	 
      	
                      Title:

                    	 
      
	 	 	 
	
                      Authorized
      Counsel Signatory:

                    	 
      
	 
      	 
      
	
                      By:

                    	 
      	 
      
	 
      	
                      Name:

                    	 
      
	 
      	
                      Title:

                    	 
      
	 
      	 
      
	
                      cc:

                    	
                      EarlyBirdCapital,
      Inc.

                    	 
      

            

              

            
            

          

        

      

    

    
    

    
      
         

      

      
        E-1

        
          

        

      

      
         

      

    

    

    Exhibit
E

    [LETTERHEAD
OF COMPANY]

     

    [date]

     

    [Trustee]

    [Address]

     

    Re: Trust Account No. [●]
Purchases of Subunits

     

    Gentlemen:

     

    Pursuant
to paragraph 3(c) of the Investment Management Trust Agreement between
China VantagePoint Acquisition Company (the “Company”) and
[_________] dated as of [●] (the “Trust Agreement”),
pursuant to the instructions attached hereto as Schedule A, you are instructed
to distribute funds held in the Trust Account to those shareholders listed on
Schedule A, from whom the Company has made purchases of Subunits at a price of
$___ per Subunit, including commissions (the “Purchase Price”)
pursuant to the Company’s 10b5-1 Plan.  The Purchase Price is equal to
or below the Maximum Price (as defined in the Trust
Agreement).  Additionally, the Subunits, together with any Subunits
previously purchased by the Company pursuant to paragraph 3(c) of the Trust
Agreement, do not exceed the Maximum Amount (as defined in the Trust
Agreement).

     

    
      	
              CHINA
      VANTAGEPOINT ACQUISITION COMPANY

            
	 
      	 
      
	
              By:

            	 
      	 
      
	 
      	
              Name:

            	 
      
	 
      	
              Title:

            	 
      
	 	 	 
	
              Authorized
      Counsel Signatory:

            	 
      
	 
      	 
      
	
              By:

            	 
      	 
      
	 
      	
              Name:

            	 
      
	 
      	
              Title:

            	 
      
	 
      	 
      
	
              cc:

            	
              EarlyBirdCapital,
      Inc.

            	 
      

    

     

    
      
         

      

      
        E-2

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