Document:

Form of Letter Agreement

 Exhibit 10.1 
  
                     , 2006 
  
 Shanghai Century Acquisition Corporation 
 Suite 1002, 10th Floor 
 43 Lyndhurst Terrace 
 Central, Hong Kong, China 
  
 I-Bankers Securities Incorporated 
 c/o I-Bankers Securities Incorporated 
 1560 East Southlake Boulevard, Suite 232 
 Southlake, Texas 76092 
  

	Re:	Initial Public Offering 

  
 Gentlemen: 
  
 The undersigned shareholder, officer and director of Shanghai Century Acquisition Corporation (the “Company”), in consideration of I-Bankers
Securities Incorporated and [                    ] (the “Representatives”) entering into a letter of intent (the “Letter
of Intent”) to underwrite (the “Representatives”) 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 12 hereof): 
  
 1. If the Company solicits
approval of its stockholders of a Business Combination, the undersigned will vote all Insider Shares owned by him in accordance with the majority of the votes cast by the holders of the IPO Shares; provided, however, that nothing herein shall
restrict in any manner the vote of the undersigned with respect to any IPO Shares owned by him or any shares purchased by him in the open market subsequent to the completion of the IPO. In addition, the undersigned hereby waives his right to
exercise redemption rights with respect to any ordinary shares of the Company 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 a Business
Combination (as is more fully described in the Company’s prospectus relating to the IPO). 
  
 2. In the event that the Company fails to consummate a Business Combination within 18 months from the effective date (the “Effective Date”) of the registration statement relating to the IPO (or 24 months
under the circumstances described in the prospectus relating to the IPO), the undersigned will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable. The undersigned waives any and all
rights he may have to receive any distribution of cash, property or other assets as a result of such liquidation with respect to his Insider Shares. 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 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 fund maintained by Continental Stock Transfer &Trust Company. 
  
 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 or until such time as the undersigned ceases to be an officer or director of the Company, subject to any pre-existing fiduciary obligations the undersigned might have. 

 
 4. The undersigned acknowledges and agrees that the Company will not
consummate any Business Combination that involves a company which is affiliated with any of the Insiders unless the Company obtains an opinion from an independent investment banking firm reasonably acceptable to the Representatives that the business
combination is fair to the Company’s stockholders from a financial perspective. 
  
 5. Neither the undersigned, any member of the family of the undersigned, nor any Affiliate of the undersigned will be entitled to receive and will not accept any compensation for services rendered to the Company prior
to the consummation of the Business Combination; provided that, commencing on the Effective Date, FDC Consultants Limited (“Related Party”), shall be allowed to charge the Company an allocable share of Related Party’s overhead, up to
$7,500 per month, 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. The undersigned will escrow his Insider Shares for the three year period commencing on the Effective Date subject to the terms of a Share Escrow
Agreement which the Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent. 
  
 8. The undersigned agrees that, during the period terminating on December 31, 2007, he will not become involved (whether as owner, significant
shareholder, officer or director) with any Acquisition Fund (as defined in Section 12(i) below) unless such Acquisition 
  

 2 

 Fund engages the Representatives to be a co-managing underwriter of the initial public offering of the Acquisition
Fund’s securities; provided, however, that the Representatives must demonstrate that they can provide services and assistance comparable to other members of the syndicate with respect to such initial public offering. 

 
 9. I agree to serve as the
                     of the Company until the earlier of the consummation by the Company of a Business Combination or the liquidation
of the Company. The undersigned’s biographical information furnished to the Company and the Representatives included in the F-1 Registration Statement 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 Section 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended. The undersigned’s Questionnaire furnished
to the Company and the Representatives and annexed as Exhibit A hereto is true and accurate in all respects. The undersigned represents and warrants that: 
  

(a) he 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) he 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 he is not currently a defendant in any such criminal proceeding; and 
  
 (c) he 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. 
  
 10. I have full right and power, without violating any agreement by which I am bound, to enter into this letter agreement and to serve as an officer of
the Company. 
  
 11. I authorize any employer, financial
institution, or consumer credit reporting agency to release to the Representatives and their respective legal representatives or agents (including any investigative search firm retained by the Representatives) any information they may have about my
background and finances (the “Information”). Neither the Representatives nor their respective agents shall be violating my right of privacy in any manner in requesting and obtaining the Information and I hereby release them from liability
for any damage whatsoever in that connection. 
  
 12. As used
herein, 
  
 (i) “Acquisition Fund”
shall mean any company formed as a “Specified Purpose Acquisition Company,” or “SPAC,” or a “Targeted Acquisition Corporation,” or “TAC,” with the intent to offer securities to the public and use the proceeds
to consummate one or more Business Combinations which are unspecified at the time of the securities offering. 
  

 3 

 (ii) “Business Combination” shall mean an acquisition by merger, capital stock
exchange, asset or stock acquisition, reorganization or otherwise, of an operating business selected by the Company; 
  
 (iii) “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
  
 (iv) “Insider Shares” shall mean all of the
ordinary shares of the Company owned by an Insider prior to the IPO; and 
  
 (v) “IPO Shares” shall mean the ordinary shares issued in the Company’s IPO. 
  

			
	  

			
		
	By:	 	 

			
		
	Title:	 	 

  

 4Form of Investment Management Trust Agreement

 Exhibit 10.2 
  
 INVESTMENT MANAGEMENT TRUST AGREEMENT 
  
 This Agreement is made as of
                    , 2006 by and between Shanghai Century Acquisition Corporation (the “Company”) and Continental Stock
Transfer & Trust Company (“Trustee”). 
  
 WHEREAS, the Company’s Registration Statement on Form F-1, No.                      (“Registration Statement”), for
its initial public offering of securities (“IPO”) has been declared effective as of the date hereof by the Securities and Exchange Commission (“Effective Date”); and 
  
 WHEREAS, I-Bankers Securities Incorporated and
[                    ] (collectively, the “Representatives”) are acting as the representatives of the underwriters in the IPO; and

  
 WHEREAS, as described in the Company’s Registration
Statement, and in accordance with the Company’s Amended and Restated Articles of Incorporation, $95,000,000 of the gross proceeds of the IPO ($109,550,000 if the underwriters’ 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, $0.0005 par value, issued in the IPO and in the event the Units are registered in Colorado, pursuant to
Section 11-51-302(6) of the Colorado Revised Statutes (the amount to be delivered to the Trustee will be referred to herein as the “Property”; the stockholders for whose benefit the Trustee shall hold the Property will be referred to
as the “Public Stockholders,” and the Public Stockholders and the Company will be referred to together 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; 
  
 IT IS AGREED: 
  
 1. Agreements 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, including the terms of Section 11-51-302(6) of the Colorado Statute in a segregated trust account (“Trust Account”) established by the Trustee at a branch of JPMorgan Chase NY Bank or
Morgan Stanley selected by the Trustee; 
  
 (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 any “Government Security.” As used herein, Government Security means any Treasury Bill issued by the United
States, having a maturity of one hundred and eighty days or less; 
  
 (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) Notify the Company 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 the tax returns for the Trust Account; 
  
 (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 to do so; 
  
 (h) Render to the Company and to the
Representatives, 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; and 
  
 (i) Commence liquidation of the Trust Account only after receipt of and only
in accordance with the terms of a letter (“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 Co-Chief Executive Officer or Chairman of the
Board, 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. 
  
 2. Limited Distributions of Income on Property. 
  
 (a) Upon receipt by the Trustee of an Officer’s Certificate signed by
the Co-Chief Executive Officer of the Company certifying as true, accurate and complete a copy of any tax return required to be filed on behalf of the Trust Account in respect of income earned on the Property held therein, the Trustee shall deliver
to the Company for submission to the appropriate taxing authority a check made payable to the order of such taxing authority in the amount required to pay such taxes; provided, however, that in no event shall the aggregate amount of all checks
issued to taxing authorities pursuant to this Section 2(a) exceed the income in respect of which such taxes are due and owing. 
  
 (b) Upon written request from the Company, which may be given not more than once in any calendar quarter, the Trustee shall distribute to the Company an
amount equal to one-half of the income earned on the Property, through the last day of the month immediately preceding the date of receipt of the Company’s request. 
  
 (c) Except as provided in Sections 2(a) and 2(b) above, no other distributions from the Trust Account shall be permitted
except in accordance with Section 1(i) hereof. 
  
 3. 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 Co-Chief Executive Officer or Chairman of the Board. 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; 
  

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 (b) 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; and 
  
 (c) Pay the Trustee an initial acceptance fee of $1,000 and an annual fee of $3,000 (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 on the 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 Fund. The Trustee shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration of its duties hereunder including, but
not limited to, all counsel, advisors’ and agents’ fees and disbursements and all taxes or other governmental charges. The Company shall not be responsible for any other fees or charges of the Trustee except as set forth in this
Section 2(c) and 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). 
  
 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 paragraph 1 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; 
  

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 (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; and 
  
 (h) 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). 
  
 (i) Verify calculations, qualify or otherwise approve Company requests for distributions pursuant to paragraph 2(b).

  
 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. 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; 
  
 (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); or 
  
 (c) On such date after
                    , 2008 when the Trustee deposits the Property with the United States District Court for the Southern District of New York
in the event that, prior to such date, the Trustee has not received a Termination Letter from the Company pursuant to paragraph 1(i). 
  

 -4- 

 6. Miscellaneous. 
  
 (a) The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds transferred
from the Trust Account. Upon receipt of written instructions, the Trustee will confirm such instructions with an Authorized Individual at an Authorized Telephone Number listed on the attached Exhibit C. The Company and the Trustee will each restrict
access to confidential information relating to such security procedures to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained access to such information, or of
any change in its authorized personnel. 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. 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 Representative. As to any claim, cross-claim or counterclaim in any way relating to this Agreement, each party waives the right to trial by jury. 
  

(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: 
  
 Continental Stock Transfer & Trust Company 
 17 Battery Place, 8th
Floor 
 New York, New York 
 Attn: Steven G. Nelson, Chairman 
 Fax No.: (212) 509-5150 
  

 -5- 

 if to the Company, to: 
  
 Shanghai Century Acquisition Corporation. 
 Suite 1002, 10th Floor 
 43 Lyndhurst Terrace 
 Attn: Franklin D. Chu,
Co-Chief Executive Officer 
 Fax No.: (852) 2851-9088 (fax) 
  
 in either case with a copy to: 
  
 I-Bankers Securities Incorporated 
 1560 East
Southlake Boulevard 
 Suite 232 
 Southlake, TX 76092 
 Attn: Michael McCrory 
 Fax: (817) 428-2779 
  
 (f)
This Agreement may not be assigned by the Trustee without the prior consent of the Company. 
  
 (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. The Trustee 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. 
  
 [Signature page to follow] 
  

 -6- 

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

			
	 CONTINENTAL STOCK TRANSFER & TRUST
 COMPANY, as Trustee

		
	By:	 	  

	Name:	 	Steven Nelson
	Title:	 	President
	
	 SHANGHAI CENTURY ACQUISITION
 CORPORATION

		
	By:	 	  

	 	 	Franklin D. Chu
	 	 	Co-Chief Executive Officer

 EXHIBIT A 
  

[LETTERHEAD OF COMPANY] 
  
 [INSERT DATE] 
  

			
	  

	  

	  

	 Attn:
	 	  

	 Re:
	 	Trust Account No. [                    ]
	 Termination Letter

  
 Gentlemen: 
  
 Pursuant to paragraph 1(i) of the
Investment Management Trust Agreement between Shanghai Century Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of
                    , 2006 (“Trust Agreement”), this is to advise you that the Company has entered into an agreement (“Business
Agreement”) with                      (“Target Business”) to consummate a business combination with Target Business
(“Business Combination”) on or about [INSERT DATE]. The Company shall notify you at least 24 hours in advance of the actual date of the consummation of the Business Combination (“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 (a) the Business Combination has been consummated and (b) the provisions of Section 11-51-302(6) and Rule 51-3.4 of the Colorado Statute have been met and (ii) the Company
shall deliver to you written instructions with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon
your receipt of the counsel’s letter 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 shall direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon the distribution of all the funds in the
Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. 
  
 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,
	
	 SHANGHAI CENTURY ACQUISITION
 CORPORATION

		
	By:	 	  

	 	 	Franklin D. Chu, Co-Chief
	 	 	Executive Officer

 EXHIBIT B 
  

[LETTERHEAD OF COMPANY] 
  
 [INSERT DATE] 
  

			
	  

	  

	  

	 Attn:
	 	  

	 Re:
	 	Trust Account No. [                    ] Termination Letter

  
 Gentlemen: 
  
 Pursuant to paragraph 1(i) of the
Investment Management Trust Agreement between Shanghai Century Acquisition Corporation (“Company”) and Continental Stock Transfer & Trust Company (“Trustee”), dated as of
                    , 2006 (“Trust Agreement”), this is to advise you that the Board of Directors of the Company has voted to
dissolve and liquidate the Company. Attached hereto is a copy of the minutes of the meeting of the Board of Directors of the Company relating thereto, certified by the Secretary of the Company as true and correct and in full force and effect.

  
 In accordance with the terms of the Trust Agreement, we hereby
(a) certify to you that the provisions of Section 11-51-302(6) and Rule 51-3.4 of the Colorado Statute have been met and (b) authorize you, to commence liquidation of the Trust Account. You will notify the Company and JPMorgan Chase
NY Bank (“Designated Paying Agent”) in writing as to when all of the funds in the Trust Account will be available for immediate transfer (“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. 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.

  

			
	Very truly yours,
	
	 SHANGHAI CENTURY ACQUISITION
 CORPORATION

		
	By:	 	  

	 	 	Franklin D. Chu, Co-Chief Executive Officer

 EXHIBIT C 
  

AUTHORIZED INDIVIDUAL(S) 
  
 AUTHORIZED FOR TELEPHONE CALL BACK 
  

					
	COMPANY:	 	Shanghai Century Acquisition Corporation
	 	 	Suite 1002, 10th Floor
	 	 	43 Lyndhurst Terrace
	 	 	Central China, Hong Kong SAR
	 	 	Attn:	 	Franklin D. Chu, Co-Chief Executive Officer
	 	 	Telephone:	 	(852) 2845-8989
		
	TRUSTEE:	 	Continental Stock Transfer & Trust Company
	 	 	17 Battery Place, 8th Floor
	 	 	New York, New York 10004
	 	 	Attn:	 	Steven G. Nelson, Chairman
	 	 	Telephone:	 	(212) 845-3200

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