Document:

Class B Warrant Agreement dated 12/19/2006

 Exhibit 4.9 
 CLASS B WARRANT AGREEMENT 
 Agreement made as of December 19, 2006 between Middle Kingdom
Alliance Corp., a corporation organized under the laws of Delaware, with offices at 333 Sandy Springs Circle, Suite 223, Atlanta, GA 30328 (“Company”), and Continental Stock Transfer & Trust Company, a New York corporation, with
offices at Continental Stock Transfer & Trust Company, 17 Battery Place, 8th floor, New York NY, 10004 (“Warrant Agent”). 
 WHEREAS, the Company is engaged in a public offering (“Public Offering”) of Series A Units and Series B Units (collectively, the “Units”) and, in connection therewith, has determined to issue and deliver up to
(i) 3,300,000 Class B Warrants (plus an additional 495,000 Class B Warrants if the representative of the underwriters exercise their over-allotment option) (the “Class B Public Warrants”) to the public investors, and (ii) 330,000
Class B Warrants to I-Bankers Securities, Inc. (the “Representative”) or their designees (“Representative’s Warrants” and, together with the Class B Public Warrants, the “Warrants”), each of such Warrants
evidencing the right of the holder thereof to purchase one share, par value $0.001, of the Company’s common stock (“Common Stock”) for $5.00, subject to adjustment as described herein; and 
 WHEREAS, the Company has filed with the Securities and Exchange Commission Registration Statements, Nos. 333-133475 and 333-139325 on
Forms S-1 (the “Registration Statement”) for the registration, under the Securities Act of 1933, as amended (“Act”) of, among other securities, the Warrants and the Common Stock issuable upon exercise of the Warrants; and

 WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in
connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and 
 WHEREAS, the Company
desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the
Warrants; and 
 WHEREAS, all acts and things have been done and performed which are necessary to make the Warrants, when executed on
behalf of the Company and countersigned by or on behalf of the Warrant Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement. 
 NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows: 
 1. Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the Warrant Agent hereby accepts such
appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement. 
 2. Warrants. 
 2.1 Form of Warrant. Each Warrant shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto, the provisions
of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chief Executive Officer, Chairman of the Board or President and Secretary of the Company and shall bear a facsimile of the Company’s seal. In the
event the person whose facsimile signature has been placed upon any Warrant shall have ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued with the same effect as if he or she had
not ceased to be such at the date of issuance. 
 2.2 Effect of Countersignature. Unless and until countersigned by the Warrant Agent
pursuant to this Agreement, a Warrant shall be invalid and of no effect and may not be exercised by the holder thereof. 

 2.3 Registration. 
 2.3.1 Warrant Register. The Warrant Agent shall maintain books (“Warrant Register”), for the registration of original issuance and the registration of transfer of the Warrants. Upon the initial issuance of
the Warrants, the Warrant Agent shall issue and register the Warrants in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Warrant Agent by the Company. 
 2.3.2 Registered Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and treat the
person in whose name such Warrant shall be registered upon the Warrant Register (“registered holder”), as the absolute owner of such Warrant and of each Warrant represented thereby (notwithstanding any notation of ownership or other
writing on the Warrant Certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the
contrary. 
 2.4 Detachability of Warrants. The securities comprising the Units will not be separately transferable until 90 days after the
date hereof unless the Representative informs the Company of its decision to allow earlier separate trading, but in no event will the Representative allow separate trading of the securities comprising the Units until the Company files a Report on
Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the Underwriter’s over-allotment
option, if the over-allotment option is exercised prior to the filing of the Form 8-K. 
 2.5 Warrants and Representative’s
Warrants. The Representative’s Warrants shall have the same terms and be in the same form as the Class B Public Warrants. 
 3. Terms and Exercise of
Warrants 
 3.1 Warrant Price. Each Class B Public Warrant and each Representative’s Warrant shall, when countersigned by the Warrant
Agent, entitle the registered holder thereof, subject to the provisions of such Class B Public Warrant or Representative’s Warrant and of this Warrant Agreement, to purchase from the Company the number of Common Stock stated therein, at the
price of $5.00 per whole share, subject to the adjustments provided in Section 4 hereof and in the last sentence of this Section 3.1. The term “Warrant Price” as used in this Warrant Agreement refers to the price per share
at which Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date. 
 3.2 Duration of Warrants. A Warrant may be exercised only during the period (“Exercise Period”) commencing on the later of the consummation by
the Company of a merger, capital stock exchange, asset acquisition or other similar business combination (“Business Combination”) (as described more fully in the Company’s Registration Statement) or December 13, 2007, and
terminating at 5:00 p.m., New York City time on the earlier to occur of (i) December 13, 2013 or (ii) the date fixed for redemption of the Warrants as provided in Section 6 of this Agreement (“Expiration Date”). Except
with respect to the right to receive the Redemption Price (as set forth in Section 6 hereunder), each Warrant not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under
this Agreement shall cease at the close of business on the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date. Notwithstanding the foregoing, a Warrant may expire unexercised
regardless of whether a registration statement is currently effective under the Act with respect to the Common Stock issuable upon exercise of the Warrants. 
 3.3 Exercise of Warrants. 
 3.3.1 Payment. Subject to the provisions of the Warrant and this Warrant
Agreement, a Warrant, when countersigned by the Warrant Agent, may be exercised by the registered holder thereof by surrendering it, at the office of the Warrant Agent, or at the office of its successor as Warrant Agent, in the Borough of Manhattan,
City and State of New York, with the subscription form, as set forth in the Warrant, duly executed, and (i) by paying in full, in lawful money of the United States, in cash, good certified check or good bank draft 

  

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payable to the order of the Company (or as otherwise agreed to by the Company), the Warrant Price for each full share of Common Stock as to which the Warrant
is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the Common Stock, and the issuance of the Common Stock or (ii) in the event that the Board of Directors of the
Company, in their sole discretion, determine that the Warrants may be exercised on a “cashless basis”, by surrendering his or her Warrant for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the
product of the number of shares of Common Stock underlying the Warrant, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value. The “Fair Market Value”
shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of Warrant pursuant to Section 6 hereof or in
connection with the foregoing sentence, the date of exercise of the Warrant. 
 3.3.2 Issuance of Certificates. As soon as practicable after
the exercise of any Warrant and the clearance of the funds in payment of the Warrant Price, the Company shall issue to the registered holder of such Warrant a certificate or certificates for the number of full shares of Common Stock to which he is
entitled, registered in such name or names as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new countersigned Warrant for the number of shares as to which such Warrant shall not have been exercised.
Notwithstanding the foregoing, the Company shall not be obligated to deliver any securities pursuant to the exercise of a Warrant unless a registration statement under the Act with respect to the Common Stock is effective. Warrants may not be
exercised by, or securities issued to, any registered holder in any state in which such exercise would be unlawful. 
 3.3.3 Valid Issuance.
All Common Stock issued upon the proper exercise of a Warrant in conformity with this Agreement shall be validly issued, fully paid and nonassessable. 
 3.3.4 Date of Issuance. Each person in whose name any such certificate for Common Stock is issued shall for all purposes be deemed to have become the holder of record of such shares on the date on which the Warrant
was surrendered and payment of the Warrant Price was made, irrespective of the date of delivery of such certificate, except that, if the date of such surrender and payment is a date when the stock transfer books of the Company are closed, such
person shall be deemed to have become the holder of such shares at the close of business on the next succeeding date on which the stock transfer books are open. 
 3.3.5 Warrant Solicitation and Warrant Solicitation Fee. 
 (a) The Company has engaged the Representative,
on a non-exclusive basis, as its agents for the solicitation of the exercise of the Warrants. The Company, at its cost, will (i) assist the Representative with respect to such solicitation, if requested by the Representative, and
(ii) provide the Representative, and direct the Company’s transfer agent and the Warrant Agent to deliver to the Representative, lists of the record and, to the extent known, beneficial owners of the Warrants. The Company hereby instructs
the Warrant Agent to cooperate with the Representative in every respect in connection with the Representative’s solicitation activities, including, but not limited to, providing to the Representative, at the Company’s cost, a list of
record holders of the Warrants and circulating a prospectus or offering circular disclosing the compensation arrangements referenced in Section 3.3.5(b) below to holders of the Warrants at the time of exercise of the Warrants. In addition to
the conditions set forth in Section 3.3.5(b), the Representative shall accept payment of the warrant solicitation fee provided in Section 3.3.5(b) only if they have provided bona fide services to the Company in connection with the exercise
of the Warrants and only to the extent that an investor who exercises his Warrants specifically designates, in writing, that the Representative solicited his exercise. In addition to soliciting, either orally or in writing, the exercise of Warrants
by a Warrant holder, such services may also include disseminating information, either orally or in writing, to Warrant holders about the Company or the market for the Company’s securities, or assisting in the processing of the exercise of
Warrants. 
 (b) In each instance in which a Warrant is exercised, the Warrant Agent shall promptly give written notice of such exercise to
the Company and the Representative (“Warrant Agent’s Exercise Notice”). If, upon the exercise of any Warrant more than one year from the effective date of the Registration Statement, (i) the market price of the Company’s
Common Stock is greater than the Warrant Price, (ii) disclosure of compensation arrangements between the Company and the Representative with respect to the solicitation of the 

  

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exercise of the Warrants was made both at the time of the Public Offering and at the time of exercise (by delivery of the Prospectus or as otherwise required
by applicable law, rule or regulation), (iii) the holder of the Warrant confirms in writing that the exercise of the Warrant was solicited by the Representative, (iv) the Warrant was not held in a discretionary account, and (v) the
solicitation of the exercise of the Warrant was not in violation of Regulation M (as such rule or any successor rule may be in effect as of such time of exercise) promulgated under the Securities Exchange Act of 1934, as amended, then the
Warrant Agent, simultaneously with the distribution of the Common Stock underlying the Warrants so exercised in accordance with the instructions from the Company following receipt of the proceeds to the Company received upon exercise of such
Warrant(s), shall, on behalf of the Company, pay a fee of 5% of the Warrant Price to the Representative, provided that the Representative deliver to the Warrant Agent within ten (10) business days from the date on which the Representative has
received the Warrant Agent’s Exercise Notice, a certificate that the conditions set forth the preceding clauses (ii), (iii), (iv) and (v) have been satisfied. Notwithstanding the foregoing, no fee will be paid to the
Representative with respect to the exercise by the Underwriters or their affiliates or the Company’s officers or directors of Warrants purchased by them upon exercise of the Representative’s Warrants and still held by any of the foregoing
for their own account. The Representative and the Company may at any time during business hours, examine the records of the Warrant Agent, including its ledger of original Warrant certificates returned to the Warrant Agent upon exercise of Warrants.

 (c) The provisions of this Section 3.3.5. may not be modified, amended or deleted without the prior written consent of the
Representative. 
 4. Adjustments. 
 4.1 Stock
Dividends—Split-Ups. If after the date hereof, and subject to the provisions of Section 4.6 below, the number of outstanding shares of Common Stock is increased by a stock dividend payable in Common Stock, or by a split-up of Common Stock,
or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be increased in proportion to such increase in outstanding Common
Stock. 
 4.2 Aggregation of Shares. If after the date hereof, and subject to the provisions of Section 4.6, the number of outstanding
shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split,
reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock. 
 4.3 Adjustments in Exercise Price. Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted, as provided
in Section 4.1 and 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares of Common
Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter. 
 4.4 Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding Common Stock (other than a
change covered by Section 4.1 or 4.2 hereof or that solely affects the par value of such Common Stock), or in the case of any consolidation of the Company with or into another corporation (other than a consolidation or merger in which the
Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding Common Stock), or in the case of any merger or sale or conveyance to another corporation or entity of the assets or other
property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Warrant holders shall thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions
specified in the Warrants and in lieu of the Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property
(including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the Warrant holder would have received if such Warrant holder had exercised his, her or
its Warrant(s) immediately prior to such event; and if any reclassification also results in a change in Common Stock covered by Section 4.1 or 4.2, then such adjustment shall be made pursuant to Sections 4.1, 4.2, 4.3 and this
Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. 
  

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 4.5 Notices of Changes in Warrant. Upon every adjustment of the Warrant Price or the number of shares
issuable upon exercise of a Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from such adjustment and the increase or decrease, if any, in the number of shares
purchasable at such price upon the exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence of any event specified in Sections 4.1, 4.2, 4.3 or
4.4, then, in any such event, the Company shall give written notice to the Warrant holder, at the last address set forth for such holder in the warrant register, of the record date or the effective date of the event. Failure to give such notice, or
any defect therein, shall not affect the legality or validity of such event. 
 4.6 No Fractional Shares. Notwithstanding any provision
contained in this Warrant Agreement to the contrary, the Company shall not issue fractional shares upon exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the
exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round up to the nearest whole number the number of the Common Stock to be issued to the Warrant holder. 
 4.7 Form of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and Warrants issued after such
adjustment may state the same Warrant Price and the same number of shares as is stated in the Warrants initially issued pursuant to this Agreement. However, the Company may at any time in its sole discretion make any change in the form of Warrant
that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed.

 5. Transfer and Exchange of Warrants. 
 5.1
Registration of Transfer. The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the Warrant Register, upon surrender of such Warrant for transfer, properly endorsed with signatures properly guaranteed and
accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant representing an equal aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. The Warrants so cancelled
shall be delivered by the Warrant Agent to the Company from time to time upon request. 
 5.2 Procedure for Surrender of Warrants. Warrants
may be surrendered to the Warrant Agent, together with a written request for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the registered holder of the Warrants so
surrendered, representing an equal aggregate number of Warrants; provided, however, that in the event that a Warrant surrendered for transfer bears a restrictive legend, the Warrant Agent shall not cancel such Warrant and issue new Warrants in
exchange therefor until the Warrant Agent has received an opinion of counsel acceptable to the Company stating that such transfer may be made and indicating whether the new Warrants must also bear a restrictive legend. 
 5.3 Fractional Warrants. The Warrant Agent shall not be required to effect any registration of transfer or exchange which will result in the issuance of
a warrant certificate for a fraction of a warrant. 
 5.4 Service Charges. No service charge shall be made for any exchange or registration
of transfer of Warrants. 
 5.5 Warrant Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver,
in accordance with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever required by the Warrant Agent, will supply the Warrant Agent with Warrants duly executed
on behalf of the Company for such purpose. 
  

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 6. Redemption. 
 6.1 Redemption. Subject to Section 6.4 hereof, the outstanding Warrants may be redeemed, at the option of the Company, at any time after they become exercisable and prior to their expiration, at the office of the Warrant Agent, upon
the notice referred to in Section 6.2., at the price of $.01 per Warrant (“Redemption Price”), provided that the last sales price of the Common Stock has been at least $16.00 per share, on each of twenty (20) trading days within
any thirty (30) trading day period ending on the third business day prior to the date on which notice of redemption is given (“Measurement Period”). Notwithstanding the foregoing, the Company may not exercise its redemption rights
unless during the Measurement Period and from the end of the Measurement Period through the redemption date, the Company has an effective registration statement with a current prospectus on file with the SEC pursuant to which the Common Stock
underlying the Warrants may be sold. 
 6.2 Date Fixed for, and Notice of, Redemption. In the event the Company shall elect to redeem all of
the Warrants, the Company shall fix a date for the redemption. Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than 30 days prior to the date fixed for redemption to the registered holders of the
Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the registered holder received such
notice. 
 6.3 Exercise After Notice of Redemption. The Warrants may be exercised in accordance with Section 3 of this Agreement at any
time after notice of redemption shall have been given by the Company pursuant to Section 6.2. hereof and prior to the time and date fixed for redemption. On and after the redemption date, the record holder of the Warrants shall have no further
rights except to receive, upon surrender of the Warrants, the Redemption Price. 
 6.4 Outstanding Warrants Only. The Company understands
that the redemption rights provided for by this Section 6 apply only to outstanding Warrants. To the extent a person holds rights to purchase Warrants, such purchase rights shall not be extinguished by redemption. However, once such purchase
rights are exercised, the Company may redeem the Warrants issued upon such exercise provided that the criteria for redemption is met. 
 7. Other Provisions
Relating to Rights of Holders of Warrants. 
 7.1 No Rights as Stockholder. A Warrant does not entitle the registered holder thereof to any of
the rights of a stockholder of the Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights, to vote or to consent or to receive notice as stockholders in respect of the meetings
of stockholders or the election of directors of the Company or any other matter. 
 7.2 Lost, Stolen, Mutilated, or Destroyed Warrants. If
any Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Warrant, include the surrender
thereof), issue a new Warrant of like denomination, tenor, and date as the Warrant so lost, stolen, mutilated, or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost,
stolen, mutilated, or destroyed Warrant shall be at any time enforceable by anyone. 
 7.3 Reservation of Common Stock. The Company shall at
all times reserve and keep available a number of its authorized but unissued Common Stock that will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement. 
 7.4 Registration of Common Stock. The Company agrees that prior to the commencement of the Exercise Period, it shall file with the Securities and
Exchange Commission a post-effective amendment to the Registration Statement, or a new registration statement, for the registration, under the Act, of, and it shall take such action as is necessary to qualify for sale, in those states in which the
Warrants were initially offered by the Company, the Common Stock issuable upon exercise of the Warrants. In either case, the Company will use its best efforts to cause the same to become effective and to maintain the effectiveness of such
registration statement until the expiration of the Warrants in accordance with the provisions of this Agreement. In no event will the registered 

  

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holder of a Warrant be entitled to receive a net-cash settlement in lieu of physical settlement in shares of Common Stock, regardless of whether the Common
Stock underlying the Warrants is registered pursuant to an effective registration statement. 
 8. Concerning the Warrant Agent and Other Matters.

 8.1 Payment of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the
Warrant Agent in respect of the issuance or delivery of Common Stock upon the exercise of Warrants, but the Company shall not be obligated to pay any transfer taxes in respect of the Warrants or such shares. 
 8.2 Resignation, Consolidation or Merger of Warrant Agent. 
 8.2.1 Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from all further duties and liabilities hereunder after giving
sixty (60) days’ notice in writing to the Company. If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor Warrant Agent in place of the Warrant
Agent. If the Company shall fail to make such appointment within a period of 30 days after it has been notified in writing of such resignation or incapacity by the Warrant Agent or by the holder of the Warrant (who shall, with such notice, submit
his Warrant for inspection by the Company), then the holder of any Warrant may apply to the Supreme Court of the State of New York for the County of New York for the appointment of a successor Warrant Agent at the Company’s cost. Any successor
Warrant Agent, whether appointed by the Company or by such court, shall be a corporation organized and existing under the laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan, City and State of
New York, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal or state authority. After appointment, any successor Warrant Agent shall be vested with all the authority, powers,
rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate, the
predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor Warrant Agent all the authority, powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any
successor Warrant Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in and confirming to such successor Warrant Agent all such authority, powers, rights,
immunities, duties, and obligations. 
 8.2.2 Notice of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed,
the Company shall give notice thereof to the predecessor Warrant Agent and the transfer agent for the Common Stock not later than the effective date of any such appointment. 
 8.2.3 Merger or Consolidation of Warrant Agent. Any corporation into which the Warrant Agent may be merged or with which it may be consolidated or any
corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party to and shall be the successor Warrant Agent under this Agreement without any further act. 
 8.3 Fees and Expenses of Warrant Agent. 
 8.3.1 Remuneration. The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent hereunder and will reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may
reasonably incur in the execution of its duties hereunder. 
 8.3.2 Further Assurances. The Company agrees to perform, execute, acknowledge,
and deliver or cause to be performed, executed, acknowledged, and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of the provisions of this
Agreement. 
 8.4 Liability of Warrant Agent. 
  

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 8.4.1 Reliance on Company Statement. Whenever in the performance of its duties under this Warrant
Agreement, the Warrant Agent shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be
herein specifically prescribed) may be deemed to be conclusively proved and established by a statement signed by the Chief Executive Officer, Chief Financial Officer, or Secretary of the Company and delivered to the Warrant Agent. The Warrant Agent
may rely upon such statement for any action taken or suffered in good faith by it pursuant to the provisions of this Agreement. 
 8.4.2
Indemnity. The Warrant Agent shall be liable hereunder only for its own negligence, willful misconduct or bad faith. The Company agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, costs
and reasonable counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement, except as a result of the Warrant Agent’s negligence, willful misconduct, or bad faith. 
 8.4.3 Exclusions. The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or
execution of any Warrant (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any Warrant; nor shall it be responsible to make any adjustments
required under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any such adjustment or the ascertaining of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be
deemed to make any representation or warranty as to the authorization or reservation of any Common Stock to be issued pursuant to this Agreement or any Warrant or as to whether any Common Stock will when issued be valid and fully paid and
nonassessable. 
 8.5 Acceptance of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform
the same upon the terms and conditions herein set forth and among other things, shall account promptly to the Company with respect to Warrants exercised and concurrently account for, and pay to the Company, all moneys received by the Warrant Agent
for the purchase of shares of the Company’s Common Stock (less any warrant solicitation fee due to the Representative pursuant to Section 3.3.5 herein) through the exercise of Warrants. 
 9. Miscellaneous Provisions. 
 9.1 Successors. All the
covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure to the benefit of their respective successors and assigns. 
 9.2 Notices. Any notice, statement or demand authorized by this Warrant Agreement to be given or made by the Warrant Agent or by the holder of any
Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until
another address is filed in writing by the Company with the Warrant Agent), as follows: 
 Middle Kingdom Alliance Corp.

 333 Sandy Springs Circle 
 Suite 223 
 Atlanta, GA 30328 
 Attn: David A. Rapaport, Secretary and General Counsel 
 Any notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the Warrant Agent shall be sufficiently given when so delivered if by hand or
overnight delivery or if sent by certified mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the Company), as follows:

 Continental Stock Transfer & Trust Co 
 17 Battery Place, 8th floor 
 New York NY 10004 
  

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 Tel: (212) 845-3201 
 Fax: (212) 509-5150 
 Attn: Compliance Department 
 with a copy in either case to: 
 Cozen O’Connor 
 The Army & Navy Club Building 
 1627 I Street, NW, Suite 1100 
 Washington, DC 20006 
 Attn: Ralph V. De Martino, Esq. 
 and 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Attn: Shelley Gluck 
 9.3
Applicable law. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in all respects by the laws of the State of Delaware, without giving effect to conflict of laws. The Company hereby agrees that any
action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of Delaware or the United States District Court for Delaware, and irrevocably submits to such
jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process or summons to be served upon the Company may be served
by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 9.2 hereof. Such mailing shall be deemed personal service and shall be legal and
binding upon the Company in any action, proceeding or claim. 
 9.4 Persons Having Rights under this Agreement. Nothing in this Agreement
expressed and nothing that may be implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and the registered holders of the Warrants and, for
the purposes of Sections 3.3.5, 6.1, 6.4, 7.4 and 9.2 hereof, the Representative, any right, remedy, or claim under or by reason of this Warrant Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. The
Representative shall be deemed to be a third-party beneficiary of this Agreement with respect to Sections 3.3.5, 6.1, 6.4, 7.4 and 9.2 hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Warrant Agreement
shall be for the sole and exclusive benefit of the parties hereto (and the Representative with respect to the Sections 3.3.5, 6.1, 6.4, 7.4 and 9.2 hereof) and their successors and assigns and of the registered holders of the Warrants.

 9.5 Examination of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office of the Warrant
Agent in the Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Warrant. The Warrant Agent may require any such holder to submit his Warrant for inspection by it. 
 9.6 Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an
original, and all such counterparts shall together constitute but one and the same instrument. 
 9.7 Effect of Headings. The Section
headings herein are for convenience only and are not part of this Warrant Agreement and shall not affect the interpretation thereof. 
  

 9 

 IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year
first above written. 
  

			
	MIDDLE KINGDOM ALLIANCE CORP.
		
	By:	 	 /s/ Bernard J. Tanenbaum III

		 	Bernard J. Tanenbaum III, Chief Executive Officer
	
	 CONTINENTAL STOCK TRANSFER &
 TRUST
COMPANY

		
	By:	 	 /s/ Steven Nelson

	Name:	 	Steven Nelson
	Title:	 	Chairman

  

 10Letter Agreement dated 12/19/06

 Exhibit 10.1 
 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
 Re:
Initial Public Offering 
 Gentlemen: 
 The
undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the
“Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows
(certain capitalized terms used herein are defined in paragraph 12 hereof): 
 1. If the Company solicits approval of its stockholders of a
Business Combination, the undersigned will vote all Insider Shares owned by it in accordance with the majority of the votes cast by the holders of the IPO Shares. 
 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
from the consummation of the IPO if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within its power to cause the
Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted
for, 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. The foregoing indemnification shall be on a
several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s
Series A Units immediately prior to the IPO (or 57.11%). Any amounts payable by the undersigned pursuant to this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of
the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement between Continental Stock Transfer and Trust Company and the 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 invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 290,625 of its Insider Shares for the three year period commencing on the Effective
Date and will escrow the remaining 51,652 Insider Shares and the 258,260 Class A warrants purchased prior to the IPO or beneficially owned prior to the IPO subject to the terms of a Securities Escrow Agreement which the Company
will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. [RESERVED.] 
 9. The undersigned has full right and power, without violating any agreement by
which it is bound, to enter into this letter agreement. 
 10. The undersigned authorizes 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 Representative) any information they may have about its background and finances
(the “Information”). Neither the Representatives nor its respective agents shall be violating the undersigned’s right of privacy in any manner in requesting and obtaining the Information and the undersigned hereby releases them from
liability for any damage whatsoever in that connection. 
 11. This letter agreement shall be governed by and interpreted and construed in
accordance with the laws of the State of Delaware applicable to contracts formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would
require or permit the application of the laws of another jurisdiction. 
 12. As used herein, 
 A. “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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the
Company immediately prior to the IPO; 
  

 2 

 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an
Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

							
	 	 	 	 	HIGH CAPITAL FUNDING, LLC
				
		 		 	Signature:	 	 /s/ Fred A. Brasch

		 		 		 	Fred A. Brasch
			
	Accepted and agreed:	 		 	
			
	NEWBRIDGE SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	I-BANKERS SECURITIES, INC.	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	WESTMINSTER SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	Accepted and agreed:	 		 	
			
	MIDDLE KINGDOM ALLIANCE CORPORATION	 		 	
				
	By:	 	 /s/ David A. Rapaport
	 		 	
	Name:	 	David A. Rapaport	 		 	
	Title:	 	Secretary	 		 	

  

 3 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
 Re: Initial Public Offering 
 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 12 hereof): 
 1. If the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all Insider Shares owned by it in accordance
with the majority of the votes cast by the holders of the IPO Shares. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within its power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 6.92%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 4 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 75,000 of its Insider Shares for the three year period commencing on the Effective Date
and will escrow the remaining 6,261 Insider Shares and the 31,305 Class A warrants purchased prior to the IPO or beneficially owned prior to the IPO subject to the terms of a Securities Escrow Agreement which the Company will
enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. [RESERVED.] 
 9. The undersigned has full right and power, without violating any agreement by which it is bound, to enter
into this letter agreement. 
 10. The undersigned authorizes 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 Representative) any information they may have about its background and finances (the
“Information”). Neither the Representatives nor its respective agents shall be violating the undersigned’s right of privacy in any manner in requesting and obtaining the Information and the undersigned hereby releases them from
liability for any damage whatsoever in that connection. 
 11. This letter agreement shall be governed by and interpreted and construed in
accordance with the laws of the State of Delaware applicable to contracts formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would
require or permit the application of the laws of another jurisdiction. 
 12. As used herein, 
 A. “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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the
Company immediately prior to the IPO; 
  

 5 

 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an
Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

			
	 MTP HOLDINGS LTD.

		
	Signature:	 	 /s/ Alex Chun Yao

		 	Alex Chun Yao

  

			
	 Accepted and agreed:

	
	 NEWBRIDGE SECURITIES CORPORATION

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]
	
	 I-BANKERS SECURITIES, INC.

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]
	
	 WESTMINSTER SECURITIES CORPORATION

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]
	
	 Accepted and agreed:

	
	 MIDDLE KINGDOM ALLIANCE CORPORATION

		
	 By:
	 	 /s/ David A. Rapaport

	 Name:
	 	David A. Rapaport
	 Title:
	 	Secretary

  

 6 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
  

	Re:	Initial Public Offering 

 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 12 hereof): 
 1. If the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all Insider Shares owned by it in accordance
with the majority of the votes cast by the holders of the IPO Shares. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within its power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 3.46%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 7 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 37,500 of its Insider Shares for the three year period commencing on the Effective Date
and will escrow the remaining 3,130 Insider Shares and the 15,650 Class A warrants purchased prior to the IPO or beneficially owned prior to the IPO subject to the terms of a Securities Escrow Agreement which the Company will
enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. [RESERVED.] 
 9. The undersigned has full right and power, without violating any agreement by which it is bound, to enter
into this letter agreement. 
 10. The undersigned authorizes 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 Representative) any information they may have about its background and finances (the
“Information”). Neither the Representatives nor its respective agents shall be violating the undersigned’s right of privacy in any manner in requesting and obtaining the Information and the undersigned hereby releases them from
liability for any damage whatsoever in that connection. 
 11. This letter agreement shall be governed by and interpreted and construed in
accordance with the laws of the State of Delaware applicable to contracts formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would
require or permit the application of the laws of another jurisdiction. 
 12. As used herein, 
 A. “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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the
Company immediately prior to the IPO; 
  

 8 

 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an
Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

							
	 	 	 	 	SUPREME OCEAN DEVELOPMENT LIMITED
				
		 		 	Signature:	 	 /s/ Allan Shu Cheuk Lam

		 		 		 	Allan Shu Cheuk Lam
			
	Accepted and agreed:	 		 	
			
	NEWBRIDGE SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	I-BANKERS SECURITIES, INC.	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	WESTMINSTER SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	Accepted and agreed:	 		 	
			
	MIDDLE KINGDOM ALLIANCE CORPORATION	 		 	
				
	By:	 	 /s/ David A. Rapaport
	 		 	
	Name:	 	David A. Rapaport	 		 	
	Title:	 	Secretary	 		 	

  

 9 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
 Re: Initial Public Offering 
 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 12 hereof): 
 1. If the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all Insider Shares owned by it in accordance
with the majority of the votes cast by the holders of the IPO Shares. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within its power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 11.25%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 10 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 121,875 of its Insider Shares for the three year period commencing on the Effective
Date and will escrow the remaining 10,174 Insider Shares and the 50,870 Class A warrants purchased prior to the IPO or beneficially owned prior to the IPO subject to the terms of a Securities Escrow Agreement which the Company
will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. [RESERVED.] 
 9. The undersigned has full right and power, without violating any agreement by
which it is bound, to enter into this letter agreement. 
 10. The undersigned authorizes 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 Representative) any information they may have about its background and finances
(the “Information”). Neither the Representatives nor its respective agents shall be violating the undersigned’s right of privacy in any manner in requesting and obtaining the Information and the undersigned hereby releases them from
liability for any damage whatsoever in that connection. 
 11. This letter agreement shall be governed by and interpreted and construed in
accordance with the laws of the State of Delaware applicable to contracts formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would
require or permit the application of the laws of another jurisdiction. 
 12. As used herein, 
 A. “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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the
Company immediately prior to the IPO; 
  

 11 

 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an
Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

							
	 	 	 	 	GEDEON INTERNATIONAL LIMITED
				
		 		 	Signature:	 	 /s/ [Illegible]

		 		 	Title:	 	
			
	Accepted and agreed:	 		 	
			
	NEWBRIDGE SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	I-BANKERS SECURITIES, INC.	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	WESTMINSTER SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	Accepted and agreed:	 		 	
			
	MIDDLE KINGDOM ALLIANCE CORPORATION	 		 	
				
	By:	 	 /s/ David A. Rapaport
	 		 	
	Name:	 	David A. Rapaport	 		 	
	Title:	 	Secretary	 		 	

  

 12 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
 Re: Initial Public Offering 
 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 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. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 6.92%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 13 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 certain 75,000 of his Insider Shares for the three year period commencing on the
Effective Date and will escrow the remaining 6,261 Insider Shares and the 31,305 Class A warrants purchased prior to the IPO or beneficially owned prior to the IPO subject to the terms of a Securities Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. I agree to serve as the Executive Vice President 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 S-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 Item 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 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. 
 9. 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. 
  

 14 

 10. 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 Representative) any information they may have about my background and finances (the “Information”). Neither
the Representatives nor its 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. 
 11. This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of Delaware applicable to contracts
formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would require or permit the application of the laws of another jurisdiction.

 12. As used herein, 
 A.
“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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

			
	 ALLAN SHU CHEUK LAM

		
	Signature:	 	 /s/ ALLAN SHU CHEUK LAM

  

			
	
	 Accepted and agreed:

	
	 NEWBRIDGE SECURITIES CORPORATION

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]
	
	 I-BANKERS SECURITIES, INC.

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]

  

			
	
	WESTMINSTER SECURITIES CORPORATION
		
	By:	 	  

	Name:	 	[                    ]
	Title:	 	[                    ]

  

 15 

			
	Accepted and agreed:
	
	MIDDLE KINGDOM ALLIANCE CORPORATION
		
	By:	 	 /s/ David A. Rapaport

	Name:	 	David A. Rapaport
	Title:	 	Secretary

  

 16 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
  

	Re:	Initial Public Offering 

 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 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. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 3.46%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 17 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 certain 37,500 of his Insider Shares for the three year period commencing on the
Effective Date and will escrow the remaining 3,130 Insider Shares and the 15,650 Class A warrants purchased prior to the IPO or beneficially owned prior to the IPO subject to the terms of a Securities Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. I agree to serve as the Non-executive Chairman 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 S-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 Item 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 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. 
 9. 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. 
  

 18 

 10. 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 Representative) any information they may have about my background and finances (the “Information”). Neither
the Representatives nor its 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. 
 11. This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of Delaware applicable to contracts
formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would require or permit the application of the laws of another jurisdiction.

 12. As used herein, 
 A.
“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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

			
	 ANTHONY NG

		
	Signature:	 	 /s/ ANTHONY NG

  

			
	 Accepted and agreed:

	
	 NEWBRIDGE SECURITIES CORPORATION

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]
	
	 I-BANKERS SECURITIES, INC.

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]
	
	 WESTMINSTER SECURITIES CORPORATION

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]

  

 19 

			
	Accepted and agreed:
	
	MIDDLE KINGDOM ALLIANCE CORPORATION
		
	By:	 	 /s/ David A. Rapaport

	Name:	 	David A. Rapaport
	Title:	 	Secretary

  

 20 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
  

	Re:	Initial Public Offering 

 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 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. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 2.23%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 21 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 certain 18,750 of his Insider Shares for the three year period commencing on the
Effective Date and will escrow the remaining 2,015 Insider Shares and the 10,075 Class A warrants purchased prior to the IPO or beneficially held prior to the IPO subject to the terms of a Securities Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. I agree to serve as the Secretary and General Counsel 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 S-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 Item 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 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. 

9. 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. 
  

 22 

 10. 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 Representative) any information they may have about my background and finances (the “Information”). Neither
the Representatives nor its 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. 
 11. This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of Delaware applicable to contracts
formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would require or permit the application of the laws of another jurisdiction.

 12. As used herein, 
 A.
“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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

			
	DAVID A. RAPAPORT
		
	Signature:	 	 /s/ DAVID A. RAPAPORT

  

			
	Accepted and agreed:
	
	NEWBRIDGE SECURITIES CORPORATION
		
	By:	 	  

	Name:	 	[                    ]
	Title:	 	[                    ]
	
	I-BANKERS SECURITIES, INC.
		
	By:	 	  

	Name:	 	[                    ]
	Title:	 	[                    ]
	
	 WESTMINSTER SECURITIES CORPORATION

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]

  

 23 

			
	 Accepted and agreed:

	
	 MIDDLE KINGDOM ALLIANCE CORPORATION

		
	 By:
	 	 /s/ B. J. Tannenbaum III

	 Name:
	 	B. J. Tannenbaum III
	 Title:
	 	CEO

  

 24 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
  

	Re:	Initial Public Offering 

 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 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. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 0.87%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 25 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 certain 9,375 of his Insider Shares for the three year period commencing on the
Effective Date and will escrow the remaining 783 Insider Shares and the 3,915 Class A warrants purchased prior to the IPO or beneficially owned prior to the IPO subject to the terms of a Securities Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. I agree to serve as the Chief Financial Officer 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 S-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 Item 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 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. 
 9. 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. 
  

 26 

 10. 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 Representative) any information they may have about my background and finances (the “Information”). Neither
the Representatives nor its 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. 
 11. This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of Delaware applicable to contracts
formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would require or permit the application of the laws of another jurisdiction.

 12. As used herein, 
 A.
“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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

							
	 	 	 	 	FRED A. BRASCH
				
		 		 	Signature:	 	 /s/ FRED A. BRASCH

			
	Accepted and agreed:	 		 	
			
	NEWBRIDGE SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	I-BANKERS SECURITIES, INC.	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	WESTMINSTER SECURITIES CORPORATION	 	 	 	 
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	

  

 27 

			
	Accepted and agreed:
	
	MIDDLE KINGDOM ALLIANCE CORPORATION
		
	By:	 	 /s/ David A. Rapaport

	Name:	 	David A. Rapaport
	Title:	 	Secretary

  

 28 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
 Re: Initial Public Offering 
 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 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. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 11.25%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 29 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 certain 121,875 of his Insider Shares for the three year period commencing on the
Effective Date and will escrow the remaining 10,174 Insider Shares and the 50,870 Class A warrants purchased prior to the IPO or beneficially owned prior to the IPO subject to the terms of a Securities Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. I agree to serve as the President 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 S-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 Item 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 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. 
 9. 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. 
  

 30 

 10. 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 Representative) any information they may have about my background and finances (the “Information”). Neither
the Representatives nor its 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. 
 11. This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of Delaware applicable to contracts
formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would require or permit the application of the laws of another jurisdiction.

 12. As used herein, 
 A.
“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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

			
	 MICHAEL MARKS

		
	Signature:	 	 /s/ MICHAEL MARKS

  

			
	 Accepted and agreed:

	
	 NEWBRIDGE SECURITIES CORPORATION

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]
	
	 I-BANKERS SECURITIES, INC.

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]
	
	 WESTMINSTER SECURITIES CORPORATION

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]

  

 31 

			
	 Accepted and agreed:

	
	 MIDDLE KINGDOM ALLIANCE CORPORATION

		
	 By:
	 	 /s/ David A. Rapaport

	 Name:
	 	David A. Rapaport
	 Title:
	 	Secretary

  

 32 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
  

	Re:	Initial Public Offering 

 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 12 hereof): 
 1. If the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all Insider Shares owned by it in accordance
with the majority of the votes cast by the holders of the IPO Shares. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within its power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 11.25%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 33 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 121,875 of its Insider Shares for the three year period commencing on the Effective
Date and will escrow the remaining 10,174 Insider Shares and the 50,870 Class A warrants purchased prior to the IPO or beneficially owned prior to the IPO subject to the terms of a Securities Escrow Agreement which the Company
will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. [RESERVED.] 
 9. The undersigned has full right and power, without violating any agreement by
which it is bound, to enter into this letter agreement. 
 10. The undersigned authorizes 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 Representative) any information they may have about its background and finances
(the “Information”). Neither the Representatives nor its respective agents shall be violating the undersigned’s right of privacy in any manner in requesting and obtaining the Information and the undersigned hereby releases them from
liability for any damage whatsoever in that connection. 
 11. This letter agreement shall be governed by and interpreted and construed in
accordance with the laws of the State of Delaware applicable to contracts formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would
require or permit the application of the laws of another jurisdiction. 
 12. As used herein, 
 A. “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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the
Company immediately prior to the IPO; 
  

 34 

 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an
Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

							
	 	 	 	 	BERNARD JEROME TANENBAUM III FAMILY TRUST
				
		 		 	Signature:	 	 /s/ Bernard J. Tanenbaum III

		 		 		 	Bernard J. Tanenbaum III
			
	Accepted and agreed:	 		 	
			
	NEWBRIDGE SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	I-BANKERS SECURITIES, INC.	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	WESTMINSTER SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	Accepted and agreed:	 		 	
			
	MIDDLE KINGDOM ALLIANCE CORPORATION	 		 	
				
	By:	 	 /s/ David A. Rapaport
	 		 	
	Name:	 	David A. Rapaport	 		 	
	Title:	 	Secretary	 		 	

  

 35 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
 Re: Initial Public Offering 
 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 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. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 11.25%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 36 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 certain 121,875 of his Insider Shares for the three year period commencing on the
Effective Date and will escrow the remaining 10,174 Insider Shares and the 50,870 Class A warrants purchased prior to the IPO or beneficially owned prior to the IPO subject to the terms of a Securities Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. I agree to serve as the Chief Executive Officer 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 S-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 Item 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 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. 
 9. 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. 
  

 37 

 10. 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 Representative) any information they may have about my background and finances (the “Information”). Neither
the Representatives nor its 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. 
 11. This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of Delaware applicable to contracts
formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would require or permit the application of the laws of another jurisdiction.

 12. As used herein, 
 A.
“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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

							
	 	 	 	 	BERNARD J. TANENBAUM III
				
		 		 	Signature:	 	 /s/ BERNARD J. TANENBAUM III

			
	Accepted and agreed:	 		 	
			
	NEWBRIDGE SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	I-BANKERS SECURITIES, INC.	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	WESTMINSTER SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	

  

 38 

			
	Accepted and agreed:
	
	MIDDLE KINGDOM ALLIANCE CORPORATION
		
	By:	 	 /s/ David A. Rapaport

	Name:	 	David A. Rapaport
	Title:	 	Secretary

  

 39 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
 Re: Initial Public Offering 
 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 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. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 2.31%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 40 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 certain 25,000 of his Insider Shares for the three year period commencing on the
Effective Date and will escrow the remaining 2,087 Insider Shares and the 10,435 Class A warrants purchased prior to the IPO or beneficially held prior to the IPO subject to the terms of a Securities Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. I agree to serve as the Senior Vice President 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 S-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 Item 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 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. 
 9. 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. 
  

 41 

 10. 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 Representative) any information they may have about my background and finances (the “Information”). Neither
the Representatives nor its 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. 
 11. This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of Delaware applicable to contracts
formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would require or permit the application of the laws of another jurisdiction.

 12. As used herein, 
 A.
“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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

			
	 HAROLD ZHI PING DING

		
	 Signature:
	 	 /s/ HAROLD ZHI PING DING

  

			
	 Accepted and agreed:

	
	 NEWBRIDGE SECURITIES CORPORATION

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]
	
	 I-BANKERS SECURITIES, INC.

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]
	
	 WESTMINSTER SECURITIES CORPORATION

		
	 By:
	 	  

	 Name:
	 	[                    ]
	 Title:
	 	[                    ]

  

 42 

			
	
	 Accepted and agreed:

	
	 MIDDLE KINGDOM ALLIANCE CORPORATION

		
	 By:
	 	 /s/ David A. Rapaport

	 Name:
	 	David A. Rapaport
	 Title:
	 	Secretary

  

 43 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
  

	Re:	Initial Public Offering 

 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 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. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 2.31%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 44 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 certain 25,000 of his Insider Shares for the three year period commencing on the
Effective Date and will escrow the remaining 2,087 Insider Shares and the 10,435 Class A warrants purchased prior to the IPO or beneficially held prior to the IPO subject to the terms of a Securities Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. I agree to serve as the Senior Vice President 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 S-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 Item 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 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. 
 9. 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. 
  

 45 

 10. 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 Representative) any information they may have about my background and finances (the “Information”). Neither
the Representatives nor its 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. 
 11. This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of Delaware applicable to contracts
formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would require or permit the application of the laws of another jurisdiction.

 12. As used herein, 
 A.
“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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

							
	 	 	 	 	ERICK YAN QI CHAI
				
		 		 	Signature:	 	 /s/ ERICK YAN QI CHAI

			
	Accepted and agreed:	 		 	
			
	NEWBRIDGE SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	I-BANKERS SECURITIES, INC.	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	WESTMINSTER SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	

  

 46 

			
	Accepted and agreed:
	
	MIDDLE KINGDOM ALLIANCE CORPORATION
		
	By:	 	 /s/ David A. Rapaport

	Name:	 	David A. Rapaport
	Title:	 	Secretary

  

 47 

 December 19, 2006 
 Middle Kingdom Alliance Corporation 
 333 Sandy Springs Circle, Suite 223 
 Atlanta, GA 30328 
 Newbridge Securities Corporation 
 5350 South Roslyn St., Suite 440 
 Greenwood Village, CO 80111 
 I-Bankers Securities, Inc. 
 3340 Indian Creek Court 
 Fort Worth, Texas 76180 
 Westminster Securities Corporation 
 100 Wall Street 
 7th Floor 
 New York, New York 10005 
 Re: Initial Public Offering 
 Gentlemen: 
 The undersigned shareholder, officer and/or director of Middle Kingdom Alliance Corporation (the “Company”), in consideration of I-Bankers
Securities, Inc., Newbridge Securities Corporation and Westminster Securities Corporation (the “Representatives”) entering into a letter of intent (the “Letter of Intent”) to underwrite an initial public offering of the
securities of the Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized terms used herein are defined in paragraph 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. 
 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 from the consummation of the IPO if a letter of intent, agreement in principle or definitive
agreement has been executed within 18 months of commencement of the IPO), the undersigned will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable. In the event of the liquidation of the
Trust Fund (as described in the IPO prospectus), the undersigned agrees, subject to the limitation set forth in the following sentence, 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) 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 contracted for, 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. The foregoing indemnification shall be on a several basis with the other Insiders, and the indemnification amount owed by the undersigned shall be
limited to that percentage of the total indemnification amount multiplied by the undersigned’s ownership of the Company’s Series A Units immediately prior to the IPO (or 2.31%). Any amounts payable by the undersigned pursuant to
this paragraph shall be payable directly to Continental Stock Transfer and Trust Company, as trustee, to be held for the benefit of the Class B common stockholders and to be distributed in accordance with the Investment Management Trust Agreement
between Continental Stock Transfer and Trust Company and the 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 

  

 48 

 
entity, any suitable opportunity to invest in 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, Primus Capital, LLC, Michael Marks, MTP Holdings LLC and Allan Shu
Cheuk Lam (“Related Parties”) shall be allowed to charge the Company an aggregate amount of $7,500 per month, to compensate them for the Company’s use of Related Parties’ offices, utilities and personnel. Related Parties and the
undersigned shall also be entitled to reimbursement from the Company, in accordance with the Company’s policy for such reimbursement, for their out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination
or otherwise conducting the Company’s business. 
 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 certain 25,000 of his Insider Shares for the three year period commencing on the
Effective Date and will escrow the remaining 2,087 Insider Shares and the 10,435 Class A warrants purchased prior to the IPO or beneficially held prior to the IPO subject to the terms of a Securities Escrow Agreement which the
Company will enter into with the undersigned and Continental Stock Transfer & Trust Company as escrow agent, in the form of Exhibit A attached hereto. 
 8. I agree to serve as the Executive Vice President 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 S-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 Item 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 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. 
 9. 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. 
  

 49 

 10. 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 Representative) any information they may have about my background and finances (the “Information”). Neither
the Representatives nor its 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. 
 11. This letter agreement shall be governed by and interpreted and construed in accordance with the laws of the State of Delaware applicable to contracts
formed and to be performed entirely within the State of Delaware, without regard to the conflicts of law provisions thereof to the extent such principles and rules would require or permit the application of the laws of another jurisdiction.

 12. As used herein, 
 A.
“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; 
 B. “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; 
 C. “Insider Shares” shall mean all of the common stock of the Company beneficially owned by an Insider prior to the IPO; and 
 D. “IPO Shares” shall mean the common stock issued in the Company’s IPO. 
  

							
	 	 	 	 	ALEX CHUN YAO
				
		 		 	Signature:	 	 /s/ ALEX CHUN YAO

			
	Accepted and agreed:	 		 	
			
	NEWBRIDGE SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	I-BANKERS SECURITIES, INC.	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	
			
	WESTMINSTER SECURITIES CORPORATION	 		 	
				
	By:	 	  
	 		 	
	Name:	 	[                    ]	 		 	
	Title:	 	[                    ]	 		 	

  

 50 

			
	Accepted and agreed:
	
	MIDDLE KINGDOM ALLIANCE CORPORATION
		
	By:	 	 /s/ David A. Rapaport

	Name:	 	David A. Rapaport
	Title:	 	Secretary

  

 51

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