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Unassociated Document

    

    INVESTMENT
      MANAGEMENT TRUST AGREEMENT

     

    This
      INVESTMENT
      MANAGEMENT TRUST AGREEMENT
      is made
      as of
      [                    
], 2008 by and between Infinity I-China Acquisition Corp. (the “Company”)
      and
      American Stock Transfer & Trust Company (“Trustee”).

     

    WHEREAS,
      the
      Company’s Registration Statement on Form F-1, File No.
      333-[                    
] (“Registration
      Statement”),
      for
      its initial public offering of securities (“IPO”)
      was
      declared effective on [ , 2008] by the Securities and Exchange Commission
      (“Effective
      Date”);
      and

     

    WHEREAS,
      the
      Company has completed a private placement under Regulation S of the Securities
      Act of 1933, as amended, of 1,500,000 Warrants (the “Private
      Warrants”)
      prior
      to the completion of the IPO for a purchase price of $1,500,000;
      and

     

    WHEREAS,
      Morgan
      Joseph & Co. Inc. (“Morgan”)
      and
      Legend Merchant Group (“Legend”)
      are
      acting as the representatives (collectively, the “Representatives”)
      of the
      underwriters in the IPO (the “Underwriters”);
      and

     

    WHEREAS,
      as
      described in the Company’s Registration Statement, in accordance with the
      Company’s Amended and Restated Memorandum and Articles of Association,
      $35,410,000 of the net proceeds of the IPO and the sale of the Private Warrants
      ($40,594,000 if the Underwriters’ over-allotment option is exercised in full),
      will be delivered to the Trustee as of [ , 2008] to be deposited and held in
      a
      trust account for the benefit of the Company, the holders of the ordinary
      shares, par value $0.0001 per share, of the Company (“Ordinary
      Shares”),
      included in the units of the Company’s securities issued in the IPO (the
“Units”),
      and
      the Representatives; and

     

    WHEREAS,
      a
      portion of the Property consists of $1,080,000 (or $1,242,000 if the
      Underwriters’ over-allotment is exercised in full) attributable to the
      Underwriters’ discount (the “Deferred
      Discount”)
      which
      the Underwriters have agreed to deposit in the Trust Account (as defined below).
      The amount to be delivered to the Trustee will be referred to herein as the
      “Property”
or
      the
“Base
      Deposit”,
      the
      Shareholders for whose benefit the Trustee shall hold the Property will be
      referred to as the “Public
      Shareholders,”
and
      the Public Shareholders, the Company and the Representatives and the
      Underwriters 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.

    

    NOW,
      THEREFORE,
      in
      consideration of the foregoing and the mutual covenants and agreements herein
      contained, the parties hereto agree as follows:

     

    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 in segregated trust accounts (the “Trust
      Account”)
      established by the Trustee with
      [                    
]. The Trust Account shall not be located within the United States;

    

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

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (c) In
      a
      timely manner, upon the written instruction of the Company, to invest and
      reinvest the Property in any “Government Security” or in money market funds
      selected by the Company meeting the conditions specified in Rule 2a-7
      promulgated under the Investment Company Act of 1940, as amended, as determined
      by the Company. 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 or any open ended investment company selected by the
      Company and registered under the Investment Company Act of 1940 that holds
      itself out as a money market fund meeting the conditions of paragraphs (c)(2),
      (c)(3) and (c)(4) under Rule 2a-7 promulgated under the Investment Company
      Act
      of 1940 as determined by the Company;

    

    (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 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 or the Company;

    

    (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 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) If
      there
      is any income or other tax obligation relating to the income from the Property
      in the Trust Account (as determined by the Company), then, from time to time,
      at
      the written instruction of the Company, the Trustee shall promptly to the extent
      there is not sufficient cash in the Trust Account to pay such tax obligation,
      liquidate such assets held in the Trust Account as shall be designated by the
      Company in writing; 

    

    (j) Commence
      liquidation of the Trust Account only after and promptly 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
      hereto,
      signed on behalf of the Company by its President or Chairman of the Board and
      Secretary or Assistant Secretary or other authorized officer of the Company,
      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; provided, however, that in the event that a Termination
      Letter has not been received by the Trustee by the 24-month anniversary of
      the
      effective date of the Registration Statement, or the 36-month anniversary in
      the
      event the extended period is approved (as applicable, 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 Shareholders of record on the Last Date. In all cases,
      the Trustee shall provide the Representatives with a copy of any Termination
      Letters and/or any other correspondence that it receives with respect to any
      proposed withdrawal from the Trust Account promptly after it receives same.
      

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    2. Limited
      Distributions of Income on Property.

     

    (a) If
      there
      is any income tax obligation relating to the income from the Property in the
      Trust Account, or if there is any other tax obligation to which the Company
      is
      subject (as determined by the Company), then, at the written instruction of
      the
      Company, the Trustee shall disburse to the Company or the Internal Revenue
      Service or other taxing authority, as applicable, by wire transfer or check
      (as
      directed by the Company in its instruction letter), out of the Property in
      the
      Trust Account, the amount indicated by the Company as required to pay income
      or
      other taxes and disburse to the Company by wire transfer out of the Property
      in
      the Trust Account, the amount indicated by the Company as owing in respect
      of
      such taxes.

    

    (b) Upon
      written request from the Company containing certification that such distribution
      pursuant to this Section 2(b) shall only be used to fund the working capital
      requirements of the Company and the costs related to identifying, researching
      and acquiring a prospective target business, including, without limitation,
      the
      expenses incurred in connection with the Company’s dissolution, the Trustee
      shall distribute to the Company an amount up to $1,250,000 of the interest
      earned and collected on the Property in the Trust Account, net of taxes payable,
      through the last day of the month immediately preceding the date of receipt
      of
      the Company’s written request. 

    

    (c) Upon
      receipt of the Termination Letter, the Trustee shall liquidate the Trust Account
      in accordance with Section 1(j).

    

    (d) Except
      as
      provided in this Section 2, no other distributions from the Trust Account shall
      be permitted.

     

    3. Agreements
      and Covenants of the Company.
      The
      Company hereby agrees and covenants:

     

    (a) To
      provide all instructions to the Trustee hereunder in writing, signed by the
      Company’s Chief Executive Officer and Chief Financial Officer. In addition,
      except with respect to its duties under paragraphs 1(i) and 1(j), 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 and/or the Representatives shall promptly confirm
      such
      instructions in writing;

    

    (b)
       Subject
      to the provisions of Section 5 hereof, to 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 Trustee may not agree to settle any
      Indemnified Claim without the prior written consent of the Company.
      The Company may participate in such action with its own counsel at its own
      expense;

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (c) Pay
      the
      Trustee an initial acceptance fee, an annual fee and a transaction processing
      fee for each disbursement made pursuant to Section 1(i) as set forth on
Schedule
      A
      hereto,
      which fees shall be subject to modification by the parties from time to time.
      It
      is expressly understood that the Property shall not be used to pay such fees
      and
      further agreed that said transaction processing fees shall be deducted by the
      Trustee from the disbursements made to the Company pursuant to Section 2(b).
      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 annual 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 set forth in this Section 3(c) and as may be provided in
      Section 3(b) hereof (it being expressly understood that the Property shall
      not
      be used to make any payments to the Trustee under such Sections);

    

    (d) That,
      in
      the event the Company consummates a Business Combination and the Trust Account
      is liquidated in accordance with Section 1(j) hereof, the Trustee or another
      independent party designated by the Company shall act as the inspector of
      election to certify the results of the Shareholder vote. As used in this
      Agreement, the term “Business
      Combination”
means
      the acquisition by the Company, through merger, capital stock exchange, asset
      or
      stock acquisition of, or similar business combination with, one or more
      operating businesses, as more fully described in the prospectus forming a part
      of the Registration Statement;

    

    (e) That
      the
      Officer’s Certificate referenced in Sections 1(j) hereof shall require the
      Company’s Chief Executive Officer and Chief Financial Officer to each certify
      the following (wherever applicable): (1) prior to the Last Date, the Company
      has
      entered into a Business Combination with a target business, the terms of which
      are consistent with the requirements set forth in the Registration Statement;
      and (2) the Board of Directors (the “Board”)
      has
      approved the Business Combination. A copy of such consent and the definitive
      agreement relating to the Business Combination so approved shall be attached
      as
      an exhibit to the Officer’s Certificate;

    

    (f)
       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
      Shareholder votes (which firm may be the Trustee) verifying the vote of the
      Company’s Shareholders regarding such Business Combination; and

    

    (g)
       Within
      five business days after the Underwriters’ over-allotment option (or any
      unexercised portion thereof) expires or is exercised in full, to provide the
      Trustee notice in writing (with a copy to the Underwriters) of the total amount
      of the Deferred Discount, which shall in no event be less than
      $1,080,000.

    

    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 Sections 1 and
      2
      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 written 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 Section
      1(c);

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (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, unless an officer
      of the Trustee has actual knowledge thereof, written notice of such event is
      sent to the Trustee or as otherwise required under Section 1(j)
      hereof;

    

    (h) Pay
      any
      taxes on behalf of the Trust Account (it being expressly understood that the
      Trustee’s sole obligation with respect to taxes shall be to issue the checks
      with respect thereto provided for by Section 2(a) hereof); and

    

    (i) Verify
      calculations, qualify or otherwise approve Company requests for distributions
      pursuant to Section 1(i), 2(a) or 2(b) above.

     

    5. No
      Right of Set-Off.
      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. In the event the Trustee has a claim against the Company under this
      Agreement, including, without limitation, under Section 3(b), the Trustee will
      pursue such claim solely against the Company and not against the Property held
      in the Trust Account.

    

    6. 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 continue to act in accordance with
      the terms of this Agreement. At such time 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 the Company does not locate a successor trustee within ninety
      days of receipt of the resignation notice from the Trustee, the Trustee may,
      but
      shall not be obligated to, 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

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (b) At
      such
      time that the Trustee has completed the liquidation of the Trust Account in
      accordance with the provisions of Section 1(j) hereof, and distributed the
      Property in accordance with the provisions of the Termination Letter, this
      Agreement shall terminate except with respect to Section 3(b).

    

    7. 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. 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 identifying 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
      principles that would result in the application of the substantive laws of
      another jurisdiction. It may be executed in several counterparts, each one
      of
      which shall constitute an original, and together shall constitute but one
      instrument. Facsimile or other electronic signatures shall constitute original
      signatures for all purposes of this Agreement.

    

    (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 Representatives, who, along with each other Underwriter, 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.

    

    (d)
       The
      parties hereto consent to the jurisdiction and venue of any state or federal
      court located in the State and County of New York for purposes of resolving
      any
      disputes hereunder. The parties hereto irrevocably submit to such jurisdiction,
      which jurisdiction shall be exclusive, and hereby waive any objection to such
      exclusive jurisdiction and accept such venue, and waive any objection that
      such
      courts represent an inconvenient forum.

    

    (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:

    

    American
      Stock Transfer & Trust Company

    59
      Maiden
      Lane, Plaza Level

    New
      York,
      New York 10038

    Attn:
      [                  
]

    Fax
      No.:
      [                  
 ]

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    if
      to the
      Company, to:

    

    Infinity
      I-China Acquisition Corporation 

    Unit
      5707, The Center

    99
      Queen’s Road Central

    Hong
      Kong

    Tel:
      +852-21693117

    Fax:
      +[                          
]

    Attn:
      Robert Barasch

    

    in
      either
      case with a copy to:

    

    Legend
      Merchant Group

    30
      Broad
      Street

    38th
      Floor

    New
      York,
      NY 10004

    Attn:
      Samuel Ottensoser

    Fax
      No:
      (212) 809-5567

    

    and

    

    Morgan
      Joseph & Co. Inc.

    600
      Fifth
      Avenue

    New
      York,
      NY 10020

    Attn:
      Tina Pappas

    Fax
      No.:
      (212) 218-3760

    

    and

     

    Ellenoff,
      Grossman & Schole LLP

    370
      Lexington Avenue

    New
      York,
      New York 10017

    Attn:
      Stuart Neuhauser, Esq.

    Fax
      No.:
      (212) 370-7889

     

    and

    

    Loeb
      & Loeb LLP

    345
      Park
      Avenue

    New
      York,
      New York 10154

    Attn:
      Mitchell S. Nussbaum, Esq.

    Fax
      No:
      (212) 407-4990

    

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

    

    (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. The Trustee hereby consents to the
      inclusion of American Stock Transfer & Trust Company in the Registration
      Statement and other materials relating to the IPO.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

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

    

      
        	 	
                AMERICAN
                  STOCK TRANSFER & TRUST COMPANY, as Trustee

              
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
                By:
                  

              	
                     
                  

              	 
	 	
                 

              	
                Name:
                   

              	 
	 	
                 

              	
                Title:
                     

              	 
	 	
                 

              	 	 
	 	
                INFINITY
                  I-CHINA ACQUISITION CORPORATION

              
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
                By:
                  

              	
                      
                  

              	 
	 	
                 

              	
                Name:
                  

              	 
	 	
                 

              	
                Title:
                  

              	 

      

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    [Letterhead
      of Company]

     

    [Insert
      date]

     

    American
      Stock Transfer & Trust Company

    59
      Maiden
      Lane, Plaza Level

    New
      York,
      New York 10038

    Attn:
      

    Fax
      No.:
      [                         
 ]

    

    Re:
        Trust
      Account No. [  ] Termination Letter

     

    Gentlemen:

     

    Pursuant
      to Section 1(j) of the Investment Management Trust Agreement between
Infinity
      I-China Acquisition Corporation
      (“Company”) and American Stock Transfer & Trust Company (“Trustee”), dated
      as of
      [                    
], 2008 (“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 [_______]. The Company shall notify you at least 48
      hours in advance of the actual date of the consummation of the Business
      Combination (“Consummation Date”). Capitalized words used herein and not
      otherwise defined shall have the meanings ascribed to them in the Trust
      Agreement.

     

    In
      accordance with paragraph _____ of Article _ of the Amended and Restated
      Memorandum and Articles of Association of the Company, the Business Combination
      has been approved by the Shareholders of the Company and by the Public
      Shareholders holding a majority of the IPO Shares cast at the meeting relating
      to the Business Combination, and Public Shareholders holding less than 40%
      of
      the IPO Shares have voted against the Business Combination and given notice
      of
      exercise of their redemption rights described in paragraph __ of Article ____of
      the Amended and Restated Memorandum and Articles of Association of the Company.
      Pursuant to Section 3(f) of the Trust Agreement, we are providing you with
      [an
      affidavit] [a certificate] of __________, which verifies the vote of the
      Company’s Shareholders in connection with the Business Combination. 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
      in writing 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 or will,
      concurrently with your transfer of funds to the accounts as directed by the
      Company, be consummated and (b) the provisions of Section 11-51-302(6) and
      Rule
      51-3.4 of the CRS have been met, to the extent applicable, 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
      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.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    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,

               

              
                INFINITY
                  I-CHINA ACQUISITION CORPORATION

              

            
	 
 	 
 	 
 
	
            	By:  	 
              
	 	
              Name:

            
	 	Title:

    

     

     

    
      	cc:	
              Morgan
                Joseph & Co. Inc.

            

    

    Legend
      Merchant Group

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

     

    [Letterhead
      of Company]

     

    [Insert
      date]

     

    American
      Stock Transfer & Trust Company

    59
      Maiden
      Lane, Plaza Level

    New
      York,
      New York 10038

    Attn:
      

    Fax
      No.:
      [                            
]

     

    Re:
        Trust
      Account No. [ ] Termination Letter

     

    Gentlemen:

     

    Pursuant
      to paragraph 1(j) of the Investment Management Trust Agreement between Infinity
      I-China Acquisition Corporation (“Company”) and American Stock Transfer &
Trust Company (“Trustee”), dated as of
      [                    
], 2008 (“Trust Agreement”), this is to advise you that the Company has
      been unable to effect a Business Combination (as defined in the Trust Agreement)
      with a target company within the time frame specified in the Amended and
      Restated Memorandum and Articles of Association of the Company, as described
      in
      the Company’s prospectus relating to its initial public offering.

     

    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 CRS have
      been
      met and (b) authorize you to commence liquidation of the Trust Account as
      promptly as practicable to the Shareholders of record on the Last Date (as
      defined in the Trust Agreement). The Company will establish a record date for
      the purposes of determining the Shareholders entitled to receive their share
      of
      liquidation proceeds. The record date shall be within ten (10) days of the
      date
      of this letter or as soon as thereafter is reasonably practicable and legally
      permissible. You will notify the Company in writing as to when all of the
      funds in the Trust Account will be available for immediate transfer (“Transfer
      Date”) in accordance with the terms of the Trust Agreement and the Amended and
      Restated Memorandum and Articles of Association of the Company. You shall
      commence distribution of such funds in accordance with the terms of the Trust
      Agreement and the Amended and Restated Memorandum and Articles of Association
      of
      the Company and you shall oversee the distribution of such funds. Upon the
      payment of all the funds in the Trust Account, your obligations under the Trust
      Agreement shall be terminated.

    
      
        	 	 	 
	 	
                Very
                  truly yours,

                 

                
                  INFINITY
                    I-CHINA ACQUISITION CORPORATION

                

              
	 
 	 
 	 
 
	
              	By:  	 
                
	 	
                Name:

              
	 	Title:

      

       

    

     

    
      	cc:	
              Morgan
                Joseph & Co. Inc.

            

    

    Legend
      Merchant Group 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      A

    

    Schedule
      of fees pursuant to Section 3(c) of Investment Management Trust
      Agreement

    between
      Infinity I-China Acquisition Corporation and 

    American
      Stock Transfer & Trust Company

     

    

    
      	
              Fee
                Item

            	
              Time
                and method of payment 

            	
              Amount

            
	
              Initial
                acceptance fee

            	
              Initial
                closing of IPO by wire transfer 

            	
              [$                     
                ]

            
	
              Annual
                fee

            	
              First
                year, initial closing of IPO by wire transfer; thereafter on the
                anniversary of the effective date of the IPO by wire transfer or
                check

            	
              
                [$                     
                  ]

              

            
	
              Transaction
                processing fee for disbursements to Company under Sections 2(a) and
                2(b)

            	
              Deduction
                by Trustee from disbursement made to Company under Section
                2(b)

            	
              
                [$                     
                  ]

              

            

    

     

    
      	 	Agreed:
	 	 	 
	Dated:
              [               
              ], 2008	Infinity
              I-China
              Acquisition Corporation 
	 
 	 
 	 
 
	 	By:  	  
              
	 	
              Name:
                

              Title:

            
	 	 

    

    
      	 	 	 
	 	 	 
	 	American
              Stock
              Transfer & Trust Co.
	 
 	 
 	 
	 	By:  	       
              
	 	
              Authorized
                OfficerUnassociated Document

    
      

      SECURITIES
        ESCROW AGREEMENT

      

      This
        SECURITIES
        ESCROW AGREEMENT,
        dated
        as of
        [                          ],
        2008 (the “Agreement”)
        by and
        among Infinity I-China Acquisition Corp., a company formed under the laws
        of the
        Cayman Islands (the “Company”), the undersigned parties listed as Initial
        Shareholders on the signature page hereto (collectively, the “Initial
        Shareholders”) and American Stock Transfer & Trust Company, a New York
        corporation (the “Escrow
        Agent”).

      

      WHEREAS,
        the
        Company has entered into an Underwriting Agreement, dated
        [                    
], 2008 (“Underwriting
        Agreement”)
        with
        Morgan Joseph & Co. Inc. (“Morgan”)
        and
        Legend Merchant Group (“Legend”)
        acting
        as representatives (collectively, the “Representatives”)
        of the
        several underwriters (collectively, the “Underwriters”),
        pursuant to which, among other matters, the Underwriters have agreed to
        purchase 4,500,000 units (not including the underwriters’ over-allotment
        option; such units, “Units”)
        of the
        Company. Each Unit consists of one ordinary share of the Company, par value
        $.0001 per share (the “Ordinary
        Shares”),
        and
        one warrant (“Warrant”),
        each
        Warrant to purchase one Ordinary Share, all as more fully described in the
        Company’s definitive Prospectus, dated [                        
         ], 2008 (the “Prospectus”)
        comprising part of the Company’s Registration Statement on Form F-1 (File No.
        333-[                   
]) under the Securities Act of 1933, as amended (the “Registration
        Statement”),
        declared effective on
        [                       
], 2008 (the “Effective
        Date”);

      

      WHEREAS,
        the
        Initial Shareholders have agreed, as a condition of the Underwriters’ obligation
        to purchase the Units pursuant to the Underwriting Agreement and to offer
        them
        to the public, to deposit all of their Ordinary Shares, as set forth opposite
        their respective names in Exhibit
        A
        attached
        hereto (collectively the “Escrow
        Shares”),
        in
        escrow as hereinafter provided; 

      

      WHEREAS,
        the
        Company has entered into a Subscription Agreement with certain of the Initial
        Shareholders (the “Initial
        Warrantholders”,
        and
        together with the Initial Shareholders, the “Initial
        Holders”),
        dated
        December 26, 2007 (the “Subscription
        Agreement”),
        pursuant to which the Initial Warrantholders have agreed to purchase 1,500,000
        warrants (the “Private
        Warrants”)
        in a
        private placement transaction pursuant to Regulation S promulgated under
        the
        Securities Act of 1933, as amended;

      

      WHEREAS,
        the
        Initial Warrantholders have agreed as a condition of the sale of the Private
        Warrants to deposit the Private Warrants (together with the Escrow Shares,
        the
“Escrow
        Securities”),
        with
        the Escrow Agent as hereinafter provided; and

      

      WHEREAS,
        the
        Company and the Initial Holders desire that the Escrow Agent accept the Escrow
        Securities, in escrow, to be held and disbursed as hereinafter
        provided.

      

      NOW,
        THEREFORE,
        in
        consideration of the foregoing and the agreements and covenants herein
        contained, and intending to be legally bound, the parties hereto agree as
        follows:

      

      1. Appointment
        of Escrow Agent.
        The
        Company and the Initial Holders hereby appoint the Escrow Agent to act in
        accordance with and subject to the terms of this Agreement and the Escrow
        Agent
        hereby accepts such appointment and agrees to act in accordance with and
        subject
        to such terms.

      

      2. Deposit
        of Escrow Securities.
        On or
        before the Effective Date, each of the Initial Holders shall deliver to the
        Escrow Agent certificates representing his, her or its respective Escrow
        Securities, to be held and disbursed subject to the terms and conditions
        of this
        Agreement. Each Initial Holder acknowledges and agrees that the certificates
        representing his or her Escrow Securities will bear a legend to reflect the
        deposit of such Escrow Securities under this Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      3. Disbursement
        of the Escrow Securities.
        

      

      3.1 The
        Escrow Agent shall hold the Escrow Shares and the Private Warrants until
        the
        termination of their respective Escrow Period (as defined below). In the
        case of
        the Escrow Shares, the “Escrow
        Period”
shall
        be the period beginning on the date the certificates representing the Shares
        are
        deposited with the Escrow Agent and ending on the date that is the earlier
        of
        twelve (12) months following the consummation of the initial Business
        Combination (as such term is defined in the Registration Statement) or three
        (3)
        years from the Effective Date. In the case of the Private Warrants, the “Escrow
        Period” shall be the period beginning on the date the certificates representing
        the Private Warrants are deposited with the Escrow Agent and ending on the
        day
        after the date of the consummation of the initial Business Combination. On
        the
        termination date of the applicable Escrow Period, the Escrow Agent shall,
        upon
        receiving written instructions from a duly authorized officer of the Company,
        disburse each of the Initial Holders’ Escrow Securities to such Initial Holder;
provided,
        however,
        that if
        the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof
        that
        the Company is being liquidated at any time during the Escrow Period, then
        the
        Escrow Agent shall promptly destroy the certificates representing the Escrow
        Securities; and,
        provided further,
        that
        if, after the Company consummates its initial Business Combination,
        it (or
        the surviving entity) subsequently consummates a liquidation, merger, stock
        exchange or other similar transaction which results in all of its shareholders
        of such entity having the right to exchange their Ordinary Shares for cash,
        securities or other property, then the Escrow Agent will, upon receipt of
        a
        notice, executed by the Chairman, Chief Executive Officer or Chief Financial
        Officer of the Company, in form reasonably acceptable to the Escrow Agent,
        certifying that such transaction is then being consummated, release the Escrow
        Securities to the Initial Holders so that they can similarly participate.
        The
        Escrow Agent shall have no further duties hereunder after the disbursement
        or
        destruction of the Escrow Securities in accordance with this Section
        3.

      

      4. Rights
        of Initial Holders in Escrow Securities.

      

      4.1 Voting
        Rights as a Shareholder.
        Subject
        to the terms of the Insider Letters described in Section 4.4 hereof and except
        as herein provided, the Initial Shareholders shall retain all of their rights
        as
        shareholders of the Company with respect to the Escrow Shares during the
        Escrow
        Period, including, without limitation, the right to vote such
        shares.

      

      4.2 Dividends
        and Other Distributions in Respect of the Escrow Securities.
        During
        the Escrow Period, all dividends payable in cash with respect to the Escrow
        Securities shall be paid to the Initial Shareholders, but all dividends payable
        in stock or other non-cash property (“Non-Cash
        Dividends”)
        shall
        be delivered to the Escrow Agent to hold in accordance with the terms hereof.
        As
        used herein, the term “Escrow Securities” shall be deemed to include the
        Non-Cash Dividends distributed thereon, if any.

      

      4.3 Restrictions
        on Transfer.
        During
        the Escrow Period, no sale, transfer or other disposition may be made of
        any or
        all of the Escrow Securities except: (i) by transfer to the partners of the
        Initial Holders or to employees, agents or consultants of an Initial Holder
        or
        any of its affiliates; (ii) by gift to an immediate family member of the
        Initial
        Holders’ partners or to a trust, the beneficiary of which is a partner of the
        Initial Holders or a member of the immediate family of the Initial Holders’
partners, (iii) by virtue of the laws of descent and distribution upon death
        of
        any partners of any Initial Holders, (iv) pursuant to a qualified domestic
        relations order, (v) in the event of the Company’s liquidation prior to
        completion of its initial Business Combination or (vi) in the event of the
        Company’s consummation of a liquidation, merger, stock exchange or other similar
        transaction which results in all Company shareholders having the right to
        exchange their Ordinary Shares for cash, securities or other property subsequent
        to consummation of the initial Business Combination; provided, however, such
        permitted transfers may be implemented only upon the respective transferee’s
        written agreement to be bound by the terms and conditions of this Agreement
        and
        of the Insider Letter signed by the Initial Holder transferring the Escrow
        Securities. During the Escrow Period, the Initial Holders shall not pledge
        or
        grant a security interest in the Escrow Securities or grant a security interest
        in their rights under this Agreement.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      4.4 Insider
        Letters.
        Each of
        the Initial Holders has executed a letter agreement with the Representatives
        and
        the Company, dated as of the Effective Date, and which is filed as an exhibit
        to
        the Registration Statement (“Insider
        Letter”),
        respecting the rights and obligations of such Initial Holder in certain events,
        including, but not limited to, the liquidation of the Company.

      

      5. Concerning
        the Escrow Agent.

      

      5.1 Good
        Faith Reliance.
        The
        Escrow Agent shall not be liable for any action taken or omitted by it in
        good
        faith and in the exercise of its own best judgment, and 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 Escrow Agent),
        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 Escrow Agent to be genuine and to be signed or presented
        by the
        proper person or persons. The Escrow Agent shall not be bound by any notice
        or
        demand, or any waiver, modification, termination or rescission of this Agreement
        unless evidenced by a writing delivered to the Escrow Agent signed by the
        proper
        party or parties and, if the duties or rights of the Escrow Agent are affected,
        unless it shall have given its prior written consent thereto.

      

      5.2 Indemnification.
        The
        Escrow Agent shall be indemnified and held harmless by the Company from and
        against any expenses, including reasonable counsel fees and disbursements,
        or
        loss suffered by the Escrow Agent in connection with any action, suit or
        other
        proceeding involving any claim which in any way, directly or indirectly,
        arises
        out of or relates to this Agreement, the services of the Escrow Agent hereunder,
        or the Escrow Securities held by it hereunder, other than expenses or losses
        arising from the gross negligence or willful misconduct of the Escrow Agent.
        Promptly after the receipt by the Escrow Agent of notice of any demand or
        claim
        or the commencement of any action, suit or proceeding, the Escrow Agent shall
        notify the other parties hereto in writing. In the event of the receipt of
        such
        notice, the Escrow Agent, in its sole discretion, may commence an action
        in the
        nature of interpleader in an appropriate court to determine ownership or
        disposition of the Escrow Securities or it may deposit the Escrow Securities
        with the clerk of any appropriate court or it may retain the Escrow Securities
        pending receipt of a final, non appealable order of a court having jurisdiction
        over all of the parties hereto directing to whom and under what circumstances
        the Escrow Securities are to be disbursed and delivered. The provisions of
        this
        Section 5.2 shall survive in the event the Escrow Agent resigns or is discharged
        pursuant to Sections 5.5 or 5.6 below.

      

      5.3 Compensation.
        The
        Escrow Agent shall be entitled to reasonable compensation from the Company
        for
        all services rendered by it hereunder, as set forth on Exhibit B
        hereto.
        The Escrow Agent 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.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      5.4 Further
        Assurances.
        From
        time to time on and after the date hereof, the Company and the Initial Holders
        shall deliver or cause to be delivered to the Escrow Agent such further
        documents and instruments and shall do or cause to be done such further acts
        as
        the Escrow Agent shall reasonably request to carry out more effectively the
        provisions and purposes of this Agreement, to evidence compliance herewith
        or to
        assure itself that it is protected in acting hereunder.

      

      5.5 Resignation.
        The
        Escrow Agent may resign at any time and be discharged from its duties as
        escrow
        agent hereunder by its giving the other parties hereto written notice and
        such
        resignation shall become effective as hereinafter provided. Such resignation
        shall become effective at such time that the Escrow Agent shall turn over
        to a
        successor escrow agent appointed by the Company and approved by the
        Representatives, the Escrow Securities held hereunder. If no new escrow agent
        is
        so appointed within the 60 day period following the giving of such notice
        of
        resignation, the Escrow Agent may deposit the Escrow Securities with any
        court
        it deems appropriate.

      

      5.6 Discharge
        of Escrow Agent.
        The
        Escrow Agent shall resign and be discharged from its duties as escrow agent
        hereunder if so requested in writing at any time by the other parties hereto,
        jointly, provided, however, that such resignation shall become effective
        only
        upon acceptance of appointment by a successor escrow agent as provided in
        Section 5.5.

      

      5.7 Liability.
        Notwithstanding anything herein to the contrary, the Escrow Agent shall not
        be
        relieved from liability hereunder for its own gross negligence or its own
        willful misconduct.

      

      6. Miscellaneous.

      

      6.1 Governing
        Law.
        This
        Agreement shall for all purposes be deemed to be made under and shall be
        construed in accordance with the laws of the State of New York. Each of the
        parties hereby agrees that any action, proceeding or claim against it arising
        out of or relating in any way to this Agreement shall be brought and enforced
        in
        the courts of the State of New York or the United States District Court for
        the
        Southern District of New York, and irrevocably submits to such jurisdiction,
        which jurisdiction shall be exclusive. Each of the parties hereby waives
        any
        objection to such exclusive jurisdiction and that such courts represent an
        inconvenient forum.

      

      6.2 Third
        Party Beneficiaries.
        Each of
        the Initial Holders hereby acknowledges that the Underwriters, including,
        without limitation, the Representatives, are third party beneficiaries of
        this
        Agreement and this Agreement may not be modified or changed without the prior
        written consent of the Representatives.

      

      6.3 Entire
        Agreement.
        This
        Agreement contains the entire agreement of the parties hereto with respect
        to
        the subject matter hereof and, except as expressly provided herein, may not
        be
        changed or modified except by an instrument in writing signed by the party
        to
        the charged.

       

      6.4 Headings.
        The
        headings contained in this Agreement are for reference purposes only and
        shall
        not affect in any way the meaning or interpretation thereof.

      

      6.5 Binding
        Effect.
        This
        Agreement shall be binding upon and inure to the benefit of the respective
        parties hereto and their legal representatives, successors and
        assigns.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      6.6 Notices.
        Any
        notice or other communication required or which may be given hereunder shall
        be
        in writing and either be delivered personally or by private national courier
        service, or be mailed, certified or registered mail, return receipt requested,
        postage prepaid, and shall be deemed given when so delivered personally or,
        if
        sent by private national courier service, on the next business day after
        delivery to the courier, or, if mailed, two business days after the date
        of
        mailing, as follows:

      

      If
        to the
        Company, to:

      

      Unit
        5707, The Center

      99
        Queen’s Road Central

      Hong
        Kong

      Tel:
        +852-21693117

      Fax:
        +[                      
 ]

      Attn:
        Robert Barasch 

      

      If
        to a
        Shareholder, to his address set forth in Exhibit
        A.

      

      and
        if to
        the Escrow Agent, to:

      

      American
        Stock Transfer & Trust Company

      59
        Maiden
        Lane, Plaza Level

      New
        York,
        New York 10038

      Attn:
        [                             
]

      Fax
        No.:
        [                            
]

      

      A
        copy of
        any notice sent hereunder shall be sent to:

      

      Ellenoff,
        Grossman & Schole LLP

      370
        Lexington Avenue

      New
        York,
        New York 10017

      Attn:
        Stuart Neuhauser, Esq.

      Fax
        No:
        (212) 370-7889

      

      and:

      

      Morgan
        Joseph & Co. Inc.

      600
        Fifth
        Avenue

      New
        York,
        NY 10020

      Attn:
        Tina Pappas

      Fax
        No.:
        (212) 218-3760

      

      and:

      

      Legend
        Merchant Group

      30
        Broad
        Street

      38th
        Floor

      New
        York,
        NY 10004

      Attn:
        Samuel Ottensoser

      Fax
        No:
        (212) 809-5567

       

      and:

      

      Mitchell
        S. Nussbaum, Esq.

      Loeb
        & Loeb LLP

      345
        Park
        Avenue

      New
        York,
        New York 10154

      (212)
        407-4000

      Fax
        No:
        (212) 407-4990

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      
 

      The
        parties may change the persons and addresses to which the notices or other
        communications are to be sent by giving written notice to any such change
        in the
        manner provided herein for giving notice.

      

      6.7 Liquidation
        of Company.
        The
        Company shall give the Escrow Agent written notification of the liquidation
        and
        dissolution of the Company in the event that the Company fails to consummate
        a
        Business Combination within the time period(s) specified in the
        Prospectus.

      

      6.8 Waiver.
        Notwithstanding anything herein to the contrary, the Escrow Agent hereby
        waives
        any and all right, title, interest or claim of any kind (“Claim”)
        in or
        to any distribution of the Trust Account, and hereby agrees not to seek
        recourse, reimbursement, payment or satisfaction for any Claim against the
        Trust
        Account for any reason whatsoever.

      

      6.9 Counterparts.
        This
        Agreement may be executed in several counterparts each one of which shall
        constitute an original and may be delivered by facsimile transmission and
        together shall constitute one instrument.

      

      [REMAINDER
        OF PAGE INTENTIONALLY LEFT BLANK]

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      WITNESS
        the execution of this Securities Escrow Agreement as of the date first above
        written.

      

        	 	 	 
	 	INFINITY
                I-CHINA ACQUISITION CORPORATION
	 
 	 
 	 
 
	 	By:  	 
	 	
                

                Name:

              
	 	
                Title:

              

      

      

        	 	 	 
	 	AMERICAN
                STOCK TRANSFER & TRUST COMPANY
	 
 	 
 	 
 
	 	By:  	 
	 	
                

                Name:

              
	 	
                Title:

              

      

      
         

        

          	 	
                  INITIAL
                    HOLDERS:

                
	 	 	 
	 	Infinity
                  I-China Fund (Cayman), L.P.
	 
 	 
 	 
 
	 	By:  	 
	 	
                  

                  Name:

                
	 	Title:
	 	
                  Address:

                

        

        

          	 	 	 
	 	Infinity
                  I-China Fund (Israel), L.P. 
	 
 	 
 	 
 
	 	By:  	 
	 	
                  

                  Name:

                
	 	Title:
	 	
                  Address:

                

        

        
          
            
              
                

                  	 	 	 
	 	Infinity
                          I-China Fund (Israel 2), L.P.
	 
 	 
 	 
 
	 	By:  	 
	 	
                          

                          Name:

                        
	 	Title:
	 	
                          Address:

                        

                

                 

              

            

          

        

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A

      

      
        	
                 

                Investor

              	
                Investors
                  Address

                and
                  Facsimile Number

              
	 	 
	
                Name:
                  Infinity
                  I-China Fund (Cayman), L.P.

                Number
                  of Shares: 573,325 

                Number
                  of Warrants: [664,800]

              	
                 

                 

                Attn:
                  

                Facsimile
                  Number: 

              
	 	 
	
                Name:
                  Infinity
                  I-China Fund (Israel), L.P.

                Number
                  of Shares: 391,812

                Number
                  of Warrants: [454,200]

              	
                 

                 

                Attn:
                  

                Facsimile
                  Number: 

              
	 	 
	
                Name:
                  Infinity I-China Fund (Israel 2), L.P.

                Number
                  of Shares: 328,613

                Number
                  of Warrants: [381,000]

              	
                 

                 

                Attn:
                  

                Facsimile
                  Number: 

              

      

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        B

      

      Escrow
        Agent Fees

      

      $[        
        ] annual escrow agent fee.

      

      Initial
        acceptance fee and first year agent fee to be paid at closing.

      

      
        
          
          

        

        
          9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}]]