Document:

Form of Securities Escrow Agreement

 EXHIBIT 10.12 
 SECURITIES ESCROW AGREEMENT 
 This Securities Escrow Agreement (this “Agreement”) is
made and entered into as of ___, 2007, by and among LaSalle Bank National Association, a national banking association (“Escrow Agent”), 2020 ChinaCap Acquirco, Inc., a Delaware corporation (the “Company”), the
undersigned initial stockholders of the Company (each, an “Initial Stockholder” and collectively, the “Initial Stockholders”), Win Wide International Ltd., a British Virgin Islands international business company
(“Win Wide”) and Surfmax Co-Investments II, LLC, a Delaware limited liability company (“Surfmax II”), with reference to the following facts: 
 A. The Company has entered into an Underwriting Agreement dated                     , 2007
(“Underwriting Agreement”), with Morgan Joseph & Co. Inc. (the “Representative”) acting as representative of the underwriters party thereto (collectively, the “Underwriters”), pursuant to
which, among other matters, the Underwriters have agreed to purchase 7,500,000 units (“Units”) of the Company, and up to an additional 1,125,000 Units if the Underwriters’ over-allotment option is exercised in full. Each Unit
consists of one share of the Company’s common stock, par value $.0001 per share (“Common Stock”), and one Warrant to purchase one share of Common Stock, all as more fully described in the Company’s final prospectus, dated
                    , 2007 (“Prospectus”) comprising part of the Company’s Registration Statement on
Form S-1 (File No. 333-142255) under the Securities Act of 1933, as amended, declared effective on ________, 2007 (“Registration Statement”). 
 B. In order to facilitate the public offering of the Units, each Initial Stockholder has agreed to deposit in escrow, as hereinafter provided, all shares of Common Stock that such Initial Stockholder owns as of the
date hereof, as set forth opposite his name in Exhibit A attached hereto (collectively “Escrow Shares”). 
 C. The
Company has entered into a Warrant Purchase Agreement dated ________, 2007 (the “Warrant Purchase Agreement”) with Surfmax II and Win Wide (collectively, the “Initial Warrantholders”), pursuant to which the Initial
Warrantholders have agreed to purchase an aggregate of 2,265,000 warrants (the “Insider Warrants” and, together with the Escrow Shares, the “Escrow Securities”) in a private placement transaction in the respective
amounts set forth opposite their names in Exhibit A attached hereto, all as more fully described in the Registration Statement. In order to facilitate the public offering of the Units, the Initial Warrantholders have agreed to deposit in escrow, as
hereinafter provided, all of the Insider Warrants. 
 D. The Company, the Initial Stockholders and the Initial Warrantholders desire that the
Escrow Agent accept the Escrow Securities, in escrow, to be held and disbursed as hereinafter provided. 
 NOW, THEREFORE, with reference to
the foregoing facts, the parties agree as follows: 
 1. Appointment of Escrow Agent. The Company, the Initial Stockholders and the
Initial Warrantholder hereby appoint the Escrow Agent to act in accordance with and subject to the terms of this Agreement, and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with and subject to such terms.

 2. Deposit of Escrow Securities. On or before the effective date of the Registration Statement, (a) each Initial Stockholder
shall deliver to the Escrow Agent the certificates 

 
representing such Initial Stockholder’s Escrow Shares, to be held and disbursed subject to the terms and conditions of this Agreement, and (b) the
Initial Warrantholders shall deliver to the Escrow Agent a certificate representing the Initial Warrantholders’ Insider Warrants. Each Initial Stockholder acknowledges that the certificates representing the Escrow Shares shall bear a legend to
reflect the deposit of such Escrow Shares under this Agreement. The Initial Warrantholders acknowledge that the certificate representing the Insider Warrants shall bear a legend to reflect the deposit of the Insider Warrants under this Agreement.

 3. Disbursement of the Escrow Securities. 
 3.1 The Escrow Agent shall hold the Escrow Shares until six months after the closing date of a “Business Combination”, as such term is defined in the Registration Statement (the “Escrow
Period”), on which date the Escrow Agent shall, upon written instructions from each Initial Stockholder, disburse to such Initial Stockholder such stockholder’s respective Escrow Shares; provided, however, that:

 3.1.1 [Reserved]; 
 3.1.2 if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during the Escrow Period, then the Escrow Agent shall promptly return to the
Company for cancellation the certificates representing the Escrow Shares; and 
 3.1.3 if, after the Company consummates a
Business Combination, the Company (or the surviving entity) subsequently consummates a liquidation, merger, stock exchange or other similar transaction which results in all of its stockholders having the right to exchange their shares of Common
Stock for cash, securities or other property, then the Escrow Agent will, upon receipt of an Officer’s Certificate certifying that such transaction is then being consummated, release the Escrow Shares to the Initial Stockholders. 
 The Escrow Agent shall have no further duties hereunder with respect to the Escrow Shares after the disbursement or return to the Company for cancellation of the Escrow
Shares in accordance with this Section 3.1 (the date on which such disbursement and/or return to the Company of Escrow Shares occurs is referred to herein as the “Share Release Date”). 
 3.2 The Escrow Agent shall hold the Insider Warrants until the Escrow Agent receives a certificate executed by the Chief Executive Officer, Chief
Financial Officer or Chairman of the Board of Directors of the Company (the “Officer’s Certificate”), in form reasonably acceptable to the Escrow Agent, certifying that the Company has consummated a Business Combination;
provided, however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any time during the Escrow Period, then immediately prior to the effectiveness of such
liquidation, the Escrow Agent shall promptly return to the Company for cancellation the certificates representing the Insider Warrants and the Insider Warrants shall no longer be considered issued and outstanding securities of the Company. The
Escrow Agent shall have no further duties hereunder with respect to the Insider Warrants after the disbursement or return to the Company for cancellation of the Insider Warrants in accordance with this Section 3.2 (the date on which such
disbursement and/or return to the Company of Insider Warrants occurs is referred to herein as the “Warrant Release Date”). 
  

 2 

 3.3 The Company agrees to notify the Escrow Agent in advance of any anticipated Share Release Date or
Warrant Release Date and upon the occurrence thereof. The Escrow Agent shall rely upon an Officer’s Certificate that certifies that the Share Release Date or Warrant Release Date, as applicable, has occurred, and shall not be required to
disburse the Escrow Securities unless and until it receives such Officer’s Certificate. The Escrow Agent shall rely exclusively on the Officer’s Certificate and shall have no responsibility to independently ascertain the occurrence of any
of the dates described in Sections 3.1 or 3.2 hereof. 
 4. Rights of Initial Stockholders in Escrow Shares. 
 4.1 Rights as an Initial Stockholder. Except as provided in this Section 4 and the Insider Letter (as defined below), each Initial
Stockholder shall retain all rights as a stockholder of the Company with respect to such stockholder’s Escrow Shares during the Escrow Period, including, without limitation: 
 4.1.1 the right to vote; and 
 4.1.2 the right to receive dividends and distributions, with cash dividends paid to the Initial Stockholder and dividends paid in stock or other non-cash property (“Non-Cash Dividends”) delivered to
the Escrow Agent to hold in accordance with the terms hereof (and the term “Escrow Shares” shall be deemed to include the Non-Cash Dividends distributed with respect to any Escrow Shares held by the Escrow Agent prior to the
distribution). 
 4.2 Restrictions on Transfer. 
 4.2.1 During the Escrow Period, each Initial Stockholder agrees not to sell, transfer or assign any or all of the Escrow Shares except
(a) by gift to an immediate family member of the Initial Stockholder or to a trust, the beneficiary of which is the Initial Stockholder or a member of the immediate family of the Initial Stockholder; (b) by virtue of the laws of descent
and distribution upon death of any Initial Stockholder, or (c) pursuant to a qualified domestic relations order; provided, however, that such permissive transfers may be implemented only upon the respective transferee’s
written agreement to be bound by the terms and conditions of this Agreement as an Initial Stockholder and of the Insider Letter signed by the transferring Initial Stockholder transferring the Escrow Shares. During the Escrow Period, each Initial
Stockholder agrees not to hypothecate, pledge, grant a security interest in or otherwise encumber the Escrow Shares or the Initial Stockholder’s rights under this Agreement. For purposes of this Agreement, “Insider Letter”
means a letter agreement between the Initial Stockholder, the Representatives and the Company substantially in the form of Exhibit 10.1 to the Registration Statement setting forth certain rights and obligations of the Initial Stockholder in certain
events, including but not limited to the liquidation of the Company. 
 4.2.2 During the Escrow Period, the Initial
Warrantholders agree not to sell, transfer, assign, hypothecate, pledge, grant a security interest in or otherwise encumber the Insider Warrants or the Initial Warrantholders’ rights under this Agreement. 
  

 3 

 5. Concerning the Escrow Agent. 
 5.1 Good Faith Reliance. The Escrow Agent shall not be liable for any action taken or omitted by it in good faith and in the exercise of its own
best judgment, and may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report or other paper or
document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is believed by the Escrow Agent to be genuine and to be signed or
presented by the proper person or persons. The Escrow Agent shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement unless evidenced by a writing delivered to the Escrow Agent signed by
the proper party or parties and, if the duties or rights of the Escrow Agent are affected, unless it shall have given its prior written consent thereto. 
 5.2 Indemnification. The Company agrees to indemnify and hold the Escrow Agent harmless from and against any expenses, including counsel fees and disbursements, or losses suffered by the Escrow Agent in
connection with any action, suit or other proceeding involving any claim which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of the Escrow Agent hereunder, or the Escrow Securities held by it hereunder,
other than expenses or losses arising from the gross negligence or willful misconduct of the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of any demand or claim or the commencement of any action, suit or proceeding, the
Escrow Agent shall notify the other parties hereto in writing. In the event of the receipt of such notice, the Escrow Agent, in its sole discretion, may commence an action in the nature of interpleader in an appropriate court to determine ownership
or disposition of the Escrow Securities or it may deposit the Escrow Securities with the clerk of any appropriate court or it may retain the Escrow Securities pending receipt of a final, non appealable order of a court having jurisdiction over all
of the parties hereto directing to whom and under what circumstances the Escrow Securities are to be disbursed and delivered. The provisions of this Section 5.2 shall survive in the event the Escrow Agent resigns or is discharged pursuant to
Sections 5.5 or 5.6 below. 
 5.3 Compensation. The Escrow Agent shall be entitled to reasonable compensation from the Company
for all services rendered by it hereunder. The Escrow Agent shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration of its duties hereunder including, but not limited to, all counsel,
advisors’ and agents’ fees and disbursements and all taxes or other governmental charges. Escrow Agent’s right to receive fees and the reimbursement of expenses is set forth in detail in a separate writing between Escrow Agent and
Company. 
 5.4 Further Assurances. From time to time on and after the date hereof, the Company, the Initial Stockholders and the
Initial Warrantholders shall deliver or cause to be delivered to the Escrow Agent such further documents and instruments and shall do or cause to be done such further acts as the Escrow Agent shall reasonably request to carry out more effectively
the provisions and purposes of this Agreement, to evidence compliance herewith or to assure itself that it is protected in acting hereunder. 
  

 4 

 5.5 Resignation. The Escrow Agent may resign at any time and be discharged from its duties as
escrow agent hereunder by giving the other parties hereto written notice, and such resignation shall become effective as hereinafter provided. Such resignation shall become effective at such time that the Escrow Agent shall turn over to a successor
escrow agent appointed by the Company the Escrow Securities held hereunder. If no new escrow agent is so appointed within the 60-day period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrow Securities with
any court it reasonably deems appropriate. 
 5.6 Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its
duties as escrow agent hereunder if so requested in writing at any time by the Company and the holders of a majority of the Escrow Shares, provided, however, that such resignation shall become effective only upon acceptance of
appointment by a successor escrow agent as provided in Section 5.5. 
 5.7 Liability. Notwithstanding anything herein to the
contrary, the Escrow Agent shall not be relieved from liability hereunder for its own gross negligence or its own willful misconduct. 
 6.
Miscellaneous. 
 6.1 Governing Law; Venue. This Agreement shall for all purposes be deemed to be made under and shall be
construed in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties hereto consent to the jurisdiction
and venue of any court of the State of New York or the courts of the United States of America for the Southern District of New York. 
 6.2
Third-Party Beneficiaries. The Initial Stockholders and Initial Warrantholders hereby acknowledge that the Underwriters are third-party beneficiaries of this Agreement and this Agreement may not be modified or changed without the prior
written consent of the Representative. 
 6.3 Entire Agreement. This Agreement contains the entire agreement of the parties hereto
with respect to the subject matter hereof and, except as expressly provided herein, may not be changed or modified except by an instrument in writing signed by the party to the charged. 
 6.4 Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation thereof. 
 6.5 Binding Effect. Each of the Initial Stockholders, the Initial Warrantholders, the Escrow Agent and the
Company hereby represents that such party has the full right and power and, to the extent applicable, has been duly authorized to enter into this Agreement and to perform its respective obligations as contemplated hereunder. This Agreement shall be
binding upon and inure to the benefit of the respective parties hereto and the Underwriters, and their respective legal representatives, successors and assigns. 
 6.6 Notices. Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and shall be deemed to have been duly 

  

 5 

 
given when sent by Express Mail or similar private courier service, by certified mail (return receipt requested), by hand delivery, by facsimile transmission
or by email transmission (subject to electronic confirmation of receipt); provided, however, that an original copy of any notice, consent or request sent by facsimile transmission or by email transmission also shall be delivered to the
addressee of such notice, consent or request by Express Mail or similar private courier service within two (2) business days after such initial transmission: 
  

					
	 If to the Company, to:
	  	
		
		  	2020 ChinaCap Acquirco, Inc.
		  	 c/o Surfmax Corporation
 221 Boston Post
Road East

		  	Suite 410
		  	Marlborough, MA 01752
		  	Attn:	  	George Lu, CEO
		  	Telephone:	  	(508) 6224-4948
		  	Fax:	  	(508) 624-4988
		  	Email:	  	george@georgelu.com
	
	 If to an Initial Stockholder or Initial Warrantholder, to his address set forth in Exhibit A.

	
	 and if to the Escrow Agent, to:

		
		  	LaSalle Bank National Association
		  	Global Escrow Services
		  	135 South LaSalle Street, Suite 1563
		  	Chicago, IL 60603
		  	Attention:	  	Mark Loiacono
		  	Telephone:	  	(312) 904-6836
		  	Fax:	  	(312 904-4019
		  	Email:	  	mark.loiacono@abnamro.com
	
	 A copy of any notice sent hereunder shall be sent to:

		
		  	Morgan Joseph & Co. Inc.
		  	600 Fifth Avenue, 19th Floor
		  	New York, New York 10020
		  	Attn:	  	Scott George
		  	Telephone:	  	(312) 284-2505
		  	Fax:	  	(312) 284-2515
		  	Email:	  	SGeorge@morganjoseph.com
	
	 and:

		
		  	Ungaretti & Harris LLP
		  	Three First National Plaza
		  	Suite 3500
		  	Chicago, IL 60602
		  	Attn:	  	Gary I. Levenstein, Esq.[ ]
		  	Telephone:	  	(312) 977-4108
		  	Fax:	  	(312) 977-4405
		  	Email:	  	gilevenstein@uhlaw.com

  

 6 

					
	
	 and:

		
		  	Seyfarth Shaw LLP
		  	131 S. Dearborn Street
		  	Suite 2400
		  	Chicago, IL 60603
		  	Attn:	  	Michel J. Feldman, Esq.
		  	Telephone:	  	(312) 460-5613
		  	Fax:	  	(312) 460-7613
		  	Email:	  	mfeldman@seyfath.com

 Any party to which notice or a copy thereof is to be delivered may change the person and address to which the
notices or other communications are to be sent by giving written notice to any such change in the manner provided herein for giving notice. 
 6.7 Liquidation of the Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time
period(s) specified in the Prospectus. 
 6.8 Waiver of Claims Against Trust. The Escrow Agent acknowledges and agrees that it shall
not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance. 
 [signatures follow on next page] 
  

 7 

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

			
	2020 CHINACAP ACQUIRCO, INC.
		
	By:	 	 
		 	Name: G. George Lu
		 	Title: Chief Executive Officer
	
	LASALLE BANK NATIONAL ASSOCIATION
as Escrow Agent
		
	By:	 	 
		 	Name:
		 	Title:
	
	INITIAL STOCKHOLDERS:
	
	 
	G. George Lu
	
	 
	Louis Fook Sun Koo
	
	 
	Yuxiao Zhang
	
	 
	Jianming Yu
	
	 
	William Hsu
	
	 
	William Sharp
	
	 
	Jun Lei
	
	 
	Donald Sull

  

 8 

			
	2020 STRATEGIC INVESTMENTS, LLC,
a Nevis limited liability company
	
	By: 2020 INTERNATIONAL CAPITAL GROUP LIMITED, a Cayman Islands Company
	Its:	 	Manager
		
	By:	 	 
		 	G. George Lu, Authorized Signatory
	
	FAME MOUNT LIMITED
		
	By:	 	 
		 	Jianming Yu, Authorized Signatory
	
	WARRANTHOLDERS:
	
	WIN WIDE INTERNATIONAL LTD.,
a British Virgin Islands international business company
		
	By:	 	 
		 	G. George Lu, Chief Executive Officer
	
	SURFMAX CO-INVESTMENTS II, LLC
a Delaware limited liability company
		
	By:	 	 
		 	G. George Lu, Managing Member
		
		 	 

  

 9 

 EXHIBIT A 
  

							
	 Name and Address of
 Initial Stockholder
	  	 Number
 of Shares
	  	 Stock
 Certificate Number
	  	Date of
Insider Letter
	 2020 Strategic Investments, LLC,
 a Nevis limited liability company
 1503 Ruttonjee House
 Duddell Street, Central
 Hong Kong
	  	1,312,504	  	10	  	[ ]
				
	 G. George Lu
 c/o Surfmax Corporation
 221 Boston Post Road East
 Suite 410
 Marlborough, MA 01752
	  	100  
 70,212
	  	1  
 2
	  	[ ]
				
	 Louis Fook Sun Koo
 1503 Ruttonjee House
 Duddell Street, Central
 Hong Kong
	  	70,312	  	3	  	[ ]
				
	 Yuxiao Zhang
 Xingda International Holdings Limited
 Rm 03-08.30F, Shanghai Mart,
 No. 2299
 Yanan Road (W)
 Shanghai
 The People’s Republic of China
	  	70,312	  	4	  	[ ]
				
	 Jianming Yu
 New Horizon Fund
 Jin Bao tower, 12th Floor
 89 Jin Bao Street
 Beijing
 The People’s Republic of China 100005
	  	70,312	  	5	  	[ ]
				
	 William Hsu
 CDH Venture Capital Management
 Suite 318, Tower B, Grand Pacific Trade Centre
 8A Guanghua Road
 Beijing
 The People’s Republic of China 100026
	  	70,312	  	6	  	[ ]
				
	 William Sharp
 Global Industrial Consulting
 47 S. Wheaton Road
 Akron, OH 44313
	  	70,312	  	7	  	[ ]

  

 10 

							
	 Name and Address of
 Initial Stockholder
	  	 Number
 of Shares
	  	 Stock
 Certificate Number
	  	Date of
Insider Letter
	 Jun Lei
 20F Baiyan Building
 No. 238 Beisihuan Zhong Road
 Haidian District, Beijing
 The People’s Republic of China 100083
	  	70,312	  	8	  	[ ]
				
	 Donald Sull
 London Business School
 London, NW1 4SA
 United Kingdom
	  	70,312	  	9	  	[ ]

  

							
	 Name and Address of
 Initial Warrantholder
	  	 Number
 of Warrants
	  	 Warrant
 Certificate Number
	  	Date of
Insider Letter
	 Surfmax Co-Investments II, LLC
 c/o G. George Lu
 c/o Surfmax Corporation
 221 Boston Post Road East
 Suite 410
 Marlborough, MA 01752
	  	405,000	  		  	
				
	 Win Wide International Ltd.
 c/o G. George Lu
 Surfmax Corporation
 221 Boston Post Road East
 Suite 410
 Marlborough, MA 01752
	  	1,860,000	  		  	

  

 11Form of  Warrant Purchase Agreement

 EXHIBIT 10.16 
 2020 CHINACAP ACQUIRCO, INC. 
 WARRANT 
 PURCHASE AGREEMENT 
 THIS WARRANT PURCHASE AGREEMENT (the
“Agreement”) is made as of                         , 2007 between 2020 ChinaCap Acquirco, Inc., a company
incorporated under the laws of Delaware (the “Company”), Win Wide International Ltd., an international business company incorporated under the laws of the British Virgin Islands (“Win Wide”), and Surfmax Co-Investments II, LLC, a
Delaware limited liability company (“Surfmax II”) (“Surfmax II” and, together with Win Wide, the “Purchasers”). Except as otherwise indicated herein, capitalized terms used herein are defined in Section 9 hereof.

 WHEREAS, Lu, the Chief Executive Officer of the Company, Jianming Yu, a director of the Company, and Yanmei May Yang, the spouse of
Lu (the “Insiders”), collectively own in the aggregate approximately 67% of the shares in Win Wide and Lu, individually is the managing member of Surfmax II and owns all of the outstanding membership interests in Surfmax II (the
“Insiders’ Percentage Interest”). 
 WHEREAS, in furtherance of the Company’s plan to obtain funding through an
initial public offering (the “Offering”) of its units (the “Units”), each Unit consisting of one share of common stock (the “Unit Common Stock”) and one warrant to purchase one share of common stock (the “Unit
Warrants” or a “Unit Warrant”) and to demonstrate the commitment of the initial stockholders of the Company to this plan, the Purchasers desire to make an investment in the Company by purchasing a total of 2,265,000 warrants (the
“Warrants”) on the terms and conditions described herein; and 
 WHEREAS, the consummation of this Agreement is a condition
to the closing of the Offering as described in the Underwriting Agreement by and between the Company and Morgan Joseph & Co. Inc. (the “Representative”), which Underwriting Agreement is filed as an exhibit to the Company’s
registration statement on Form S-1, SEC File No. 333-142255, filed with the Securities and Exchange Commission (the “Commission”), as the same has been and may be amended from time to time hereafter (the “Registration
Statement”). 
 NOW THEREFORE, in consideration of the mutual promises contained in this Agreement and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 
 1. AUTHORIZATION,
PURCHASE AND SALE; TERMS OF THE WARRANTS. 
 A. Authorization of the Warrants. The Company has authorized, and hereby ratifies
such authorization by execution hereof, the issuance and sale to Win Wide of an aggregate of 1,860,000 Warrants and the issuance and sale to Surfmax II of an aggregate of 405,000 Warrants. Each Warrant shall, upon exercise and payment of the
exercise price specified therein, entitle the holder thereof to purchase one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”). 
 B. Purchase and Sale of the Warrants. The Company shall sell to the Purchasers, and subject to the terms and conditions set forth herein, the
Purchasers shall purchase from the Company, prior to the effectiveness of the Registration Statement, an aggregate of 2,265,000 Warrants. The purchase price of each Warrant shall be $1.00 per warrant (the “Purchase Price”), which shall be
paid in immediately available funds through wire transfers to the trust account (the “Trust Account”) to be established pursuant to that certain Investment Management Trust Agreement by and between the Company and LaSalle Bank National
Association (the “Escrow Agent”). The Purchase Price shall be wired to the Trust Account by the Purchasers in accordance with terms set forth herein. 
  

 C. Terms of the Warrants and Transfer Restrictions on the Insiders. The Warrants shall carry
rights and terms identical to those possessed by the Unit Warrants described in the Registration Statement, subject to the following exceptions: 
 (i) With respect to Win Wide; the Warrants (a) will not be transferable, salable or assignable in any manner, until such time as the Company has completed a Business Combination, except as expressly provided in this
Section 1.C., (b) may be exercisable on a cashless basis so long as such warrants are held by Lu or by Win Wide or its Affiliates and (c) together with the shares of Common Stock underlying the Warrants, are and will be entitled to
registration rights under the registration rights agreement (the “Registration Rights Agreement”) to be signed contemporaneously herewith between Win Wide, the Initial Stockholders (as such term is defined in the Registration Statement)
and the Company. In accordance with clause (a) above, prior to a Business Combination, Win Wide will not engage in certain transactions which would result in a decrease of the Insiders’ Percentage Interest, including, but not limited to
the following: (1) the issuance of any security, debt or equity, that would be given priority under a Bankruptcy (as defined below), (2) a recapitalization of Win Wide, (3) a merger, unless Win Wide is the surviving company, and on
the condition that upon the request and satisfaction of the Company’s counsel, the surviving company will sign an instrument agreeing to be bound by the terms of this Agreement, (4) the dissolution or the voluntary filing of Bankruptcy,
except, in the case of dissolution, if the plan of dissolution results in the Insiders owning a percentage of Warrants equal to the Insiders Percentage Interest and any transferee agrees to be bound by the terms of this Agreement, and (5) the
pledge of or placing of any lien or other encumbrance on the Warrants. Solely with respect to the shareholders of Win Wide that receive a proportionate share of the Warrants consistent with terms set forth in clause (4) of the preceding
sentence, the transfer restriction set forth in clause (a) shall not apply to (1) transfers resulting from the death of any such shareholder of Win Wide, (2) transfers by operation of law, (3) any transfer for estate planning
purposes to natural persons immediately related to the transferor by blood, marriage or adoption, or (4) transfers to any trust solely for the benefit of such Win Wide shareholder transferor and/or natural persons immediately related to the
transferor by blood, marriage or adoption; provided, however, that with respect to each of the transfers described in clauses (1), (2), (3) or (4), prior to such transfer, each permitted transferee or the trustee or legal guardian for each permitted
transferee (hereinafter collectively, “Permitted Transferees” or a “Permitted Transferee”) agrees in writing to be bound by the terms of this Agreement. Should any of the aforesaid Win Wide shareholders transfer or sell Warrants
to persons other than Permitted Transferees after the Company has completed a Business Combination, then such Warrants shall on the date of such transfer immediately become redeemable under the same terms as the Unit Warrants; 
 (ii) With respect to Surfmax II, the Warrants (a) will not be transferable, salable or assignable in any manner, until such time as the Company has
completed a Business Combination, except as expressly provided in this Section 1.C., (b) may be exercisable on a cashless basis so long as such warrants are held by Lu or by Surfmax II or its Affiliates and (c) together with the shares of Common
Stock underlying the Warrants, are and will be entitled to registration rights under the registration rights agreement (the “Registration Rights Agreement”) to be signed contemporaneously herewith between Surfmax II, the Initial
Stockholders (as such term is defined in the Registration Statement) and the Company. In accordance with clause (a) above, prior to a Business Combination, Surfmax II will not engage in certain transactions which would result in a decrease of the
Insiders’ Percentage Interest, including, but not limited to the following: (1) the issuance of any security, debt or equity, that would be given priority under a Bankruptcy (as defined below), (2) a recapitalization of Surfmax II, (3) a
merger, unless Surfmax II is the surviving company, and on the condition that upon the request and satisfaction of the Company’s counsel, the surviving company will sign an instrument agreeing to be bound by the terms of this Agreement, (4) the
dissolution or the voluntary filing of Bankruptcy, except, in the case of dissolution, if the plan of dissolution results in Lu owning a percentage of Warrants distributed in the dissolution equal to his percentage interest in the equity securities
of Surfmax II immediately prior to such dissolution and any transferee agrees to be bound by the terms of this Agreement, and (5) the pledge of or placing of any lien or other encumbrance on the Warrants. Solely with respect to the members of
Surfmax II that receive a proportionate share of the Warrants consistent with terms set forth in clause (4) of the preceding sentence, the transfer restriction set forth in clause (a) shall not apply to (1) transfers resulting from the death of any
such member of Surfmax II, (2) transfers by operation of law, (3) any transfer for estate planning purposes to natural persons immediately related to the transferor by blood, marriage or adoption, or (4) transfers to any trust solely for the benefit
of such Surfmax II member transferor and/or natural persons immediately related to the transferor by blood, marriage or adoption: provided, however, that with respect to each of the transfers described in clauses (1), (2), (3) or (4), prior to such
transfer, each permitted transferee or the trustee or legal guardian for each permitted transferee (hereinafter collectively, “Permitted Transferees” or a “Permitted Transferee”) agrees in writing to be bound by the terms of this
Agreement. Should any of the aforesaid Surfmax II member transfer or sell Warrants to persons other than Permitted Transferees after the Company has completed a Business Combination, then such Warrants shall on the date of such transfer immediately
become redeemable under the same terms as the Unit Warrants. Except as specifically provided in this Agreement, the terms of the Warrants shall in all other respects be as set forth in the warrant agreement between Continental Stock
Transfer & Trust Company, as warrant agent, and the Company (the “Warrant Agreement”) relating to the Unit Warrants. In the event of any conflict between this Agreement and the Warrant Agreement, the terms and provisions of which
are incorporated herein by reference, this Agreement shall control. 
 2. THE CLOSING. The closing of the purchase and sale of the Warrants to the
Purchasers (the “Closing”) shall take place at such time and place as the parties may agree, but in no event later than the closing date of the Offering. At the Closing, the Company shall deliver to the Escrow Agent for deposit, warrant
certificates evidencing the Warrants to be purchased by Win Wide and Surfmax II, registered in each Purchaser’s respective name according to the number of Warrants each has agreed to purchase, upon the payment of the aggregate purchase price
therefor, by wire transfer of immediately available funds to the Trust Account. 
 3. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. As a material
inducement to Win Wide and Surfmax II to enter into this Agreement and purchase the Warrants, the Company hereby represents and warrants that: 
  

 2 

 A. Organization and Corporate Power. The Company is a corporation duly organized, validly existing
and in good standing under the laws of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or
assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement. 
 B. Authorization; No Breach. 
 (i) The execution, delivery and performance of this
Agreement will have been duly authorized by the Company as of the Closing upon the approval by the Company and its Board of Directors. This Agreement constitutes a valid and binding obligation of the Company, enforceable in accordance with its terms
upon its execution. 
 (ii) The execution and delivery by the Company of this Agreement, the sale and issuance of the Warrants
hereunder, the issuance of the Common Stock upon exercise of the Warrants (except, with respect thereto, any filings required under Federal or state securities laws or issuance of one or more legal opinions in form and content reasonably
satisfactory to the Company pertaining to the availability of one or more exemptions with respect to the issuance of the Warrants under applicable securities laws) and the fulfillment of and compliance with the respective terms hereof and thereof by
the Company, do not and will not as of the Closing (a) conflict with, or result in breach of, the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest, charge or
encumbrance upon the Company’s capital stock or assets pursuant to, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court
or administrative or governmental body or agency pursuant to the Amended and Restated Certificate of Incorporation of the Company or the Amended and Restated Bylaws of the Company, or any material law, statute, rule or regulation to which the
Company is subject, or any agreement, order, judgment or decree to which the Company is subject, except for any filings required after the date hereof under Federal or state securities laws. 
 C. Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Warrants to be purchased hereunder and,
upon exercise of the Warrants, payment of the exercise price set forth therein and conformance with the other provisions relating to the exercise thereto, the Common Stock issuable upon exercise of such Warrants will be duly and validly issued,
fully paid, nonassessable, and each Purchaser will have or receive good title to such Securities (as defined in Section 4.C(i)), free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions
hereunder and under the other agreements contemplated hereby, (ii) transfer restrictions under Federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Purchasers. 
 D. Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority is
required in connection with the execution, delivery and performance by the Company of this Agreement, or the consummation by the Company of any other transactions contemplated hereby. 
 E. Disclosure. (i) The Company will provide the Purchasers with a copy of any and all amendments to the Registration Statement filed by the
Company with the Commission prior to the Closing; and (ii) to the best of the Company’s knowledge as of the date hereof, neither this Agreement nor the Registration Statement, taken as a whole, contains any untrue statement of a material
fact or omits to state a material fact necessary to make the statements herein or therein not misleading in light of the circumstances in which such statements were made. 
  

 3 

 4. REPRESENTATIONS, WARRANTIES AND COVENANTS OF PURCHASERS. As a material inducement to the Company to enter into
this Agreement and issue and sell the Warrants to the Purchasers, each Purchaser hereby represents, warrants and covenants to the Company (which representations, warranties and covenants shall survive the Closing) that: 
 A. Organization and Corporate Power. (i) Win Wide is an international business company organized, validly existing and in good standing under the
laws of the British Virgin Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the
Company. Win Wide possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement. 
 (ii) Surfmax II is a limited liability company organized, validly existing and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would
reasonably be expected to have a material adverse effect in the financial condition, operating results or assets of the Company. Surfmax II possesses all requisite power and authority necessary to carry out the transactions contemplated by this
Agreement. 
 B. Authorization; No Breach. 
 (i) Each Purchaser has the full right, power and authority to enter into this Agreement and this Agreement is a valid and legally binding
obligation of the Purchasers enforceable against them in accordance with its terms.  
 (ii) The execution and
delivery by the Purchasers of this Agreement and the fulfillment of and compliance with the respective terms hereof by the Purchasers do not and shall not as of the Closing conflict with or result in a breach of the terms, conditions or provisions
of any other agreement, instrument, order, judgment or decree to which a Purchaser is subject. 
 C. Investment
Representations. 
 (i) The Purchasers are acquiring the Warrants and, upon exercise thereof, the Common Stock
issuable upon such exercise (collectively, the “Securities”) for their own accounts, for investment only and not with a view towards, or for resale in connection with, any public sale or distribution thereof. 
 (ii) Each Purchaser is an “accredited investor” as defined in Rule 501(a)(3) of Regulation D. 
 (iii) Each Purchaser understands that the Securities are being offered and sold in reliance on specific exemptions from the registration
requirements of United States Federal and state securities laws and that the Company is relying in part upon the truth and accuracy of, and the Purchasers’ compliance with, the representations, warranties and agreements of the Purchasers set
forth herein in order to determine the availability of such exemptions and the eligibility of the Purchasers to acquire such Securities. 
 (iv) The Purchasers initiated discussions with the Company relating to the purchase and sale of the Securities contemplated by this Agreement on an unsolicited basis prior to the date of this Agreement. The Purchasers
did not initiate such discussions, nor did the Purchasers decide to enter into this Agreement, as a result of any general solicitation or general advertising within the meaning of Rule 502(c) under the Securities Act of 1933, as amended (the
“Securities Act”), including the filing of the Registration Statement. 
 (v) The Purchasers have been furnished
with all materials relating to the business, finances and operations of the Company and materials relating to the offer and sale of the Securities which have been requested by the Purchasers. Each Purchaser has been afforded the opportunity to ask
questions of the executive officers and directors of the Company. Each Purchaser understands that his or its investment in the 

  

 4 

 
Securities involves a high degree of risk. The Purchasers have sought such accounting, legal and tax advice as they have considered necessary to make an
informed investment decision with respect to their acquisition of the Securities. The Purchasers have received and reviewed a copy of the Registration Statement, including without limitation, the language therein under the caption “Risk
Factors”. 
 (vi) The Purchasers understand that no United States Federal or state agency or any other government or
governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the Offering of the
Securities. 
 (vii) The Purchasers are investors in securities of companies in the development stage and acknowledges that
they are able to fend for themselves, have knowledge and experience in financial and business matters, know of the high degree of risk associated with investments generally and particularly investments in the securities of companies in the
development stage such as the Company, are capable of evaluating the merits and risks of an investment in the Securities and are able to bear the economic risk of an investment in the Securities in the amount contemplated hereunder. The Purchasers
have adequate means of providing for their current financial needs and contingencies and will have no current or anticipated future needs for liquidity which would be jeopardized by the investment in the Securities. The Purchasers can afford a
complete loss of its investment in the Securities. 
 (viii) The Purchasers understand that although the Company intends to
register the Securities for resale in the Registration Statement, such registration of the Securities may not occur. In the event the Securities are not registered for resale in the Registration Statement, the Purchasers understand (a) that
such Securities, having not been registered under the Securities Act or any state securities laws, may not be offered for sale, sold, assigned or transferred unless subsequently registered thereunder or sold in reliance on an exemption therefrom;
and (b) except as specifically set forth in the Registration Rights Agreement, neither the Company nor any other person is under any obligation to register such Securities under the Securities Act or any state securities laws or to comply with
the terms and conditions of any exemption thereunder. In this regard, the Purchasers represent that they are familiar with Rule 144 adopted pursuant to the Securities Act, and understand the resale limitations imposed thereby and by the Securities
Act. Each Purchaser is able to bear the economic risk of his or its investment in the Securities for an indefinite period of time. 
 (ix) Without in any way limiting the representations set forth above, in the event the Securities are not registered for resale in the Registration Statement, the Registration Statement ceases to be effective for any reason or the Company
does not maintain a current prospectus in connection with the Registration Statement, the Purchasers agree not to make any disposition of all or any portion of the Securities unless and until: (a) there is then in effect a registration
statement under the Securities Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or (b)(1) the Purchasers shall have notified the Company of the proposed disposition and shall have
furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition and (2) if requested by the Company, the Purchasers shall have furnished the Company with an opinion of counsel, satisfactory to the
Company, that such disposition will not require registration of such Securities under the Securities Act. Notwithstanding the foregoing, the Purchasers also understand and acknowledge that the transfer or exercise of the Warrants is subject to the
specific conditions to such transfer or exercise as outlined herein, as to which the Purchasers specifically assent by their execution hereof. The Purchasers’ obligations under this Section 4.C(ix) shall survive the Closing for so long as
Win Wide, Surfmax II, any Insider or any permitted transferee thereof holds such Securities. 
  

 5 

 D. Rescission Right, Waiver and Indemnification. 
 (i) Each Purchaser understands and acknowledges that an exemption from the registration requirements of the Securities Act requires that
there be no general solicitation of purchasers of the Warrants. In this regard, if the Offering of the Units were deemed to be a general solicitation with respect to the Warrants, the offer and sale of such Warrants may not be exempt from
registration and, if not, each Purchaser may have a right to rescind his or its purchase of the Warrants. In order to facilitate the completion of the Offering, from which each Purchaser expects to benefit, and in order to protect the Company, its
stockholders and the Trust Account from claims that may adversely affect the Company or the interests of the Company’s stockholders and Trust Account from claims that may adversely affect the Company or the interests of its stockholders, each
Purchaser hereby agrees to waive, to the maximum extent permitted by applicable law, any claims, right to sue or rights in law or arbitration, as the case may be, to seek rescission of the purchase of the Warrants. Each Purchaser acknowledges and
agrees that this waiver is being made in order to induce the Company to sell the Warrants to each Purchaser. Each Purchaser agrees that the foregoing waiver of rescission rights shall apply to any and all known or unknown actions, causes of action,
suits, claims, or proceedings (collectively, “Claims”) and related losses, costs, penalties, fees, liabilities and damages, whether compensatory, consequential or exemplary, and expenses in connection therewith (collectively, “Losses
and Expenses”) including reasonable attorneys’ and expert witness fees and disbursements and all other expenses reasonably incurred in investigating, preparing or defending against any Claims, whether pending or threatened, in connection
with any present or future actual or asserted right to rescind the purchase of the Warrants hereunder or relating to the purchase of the Warrants and the transactions contemplated hereby. 
 (ii) The Purchasers agree not to seek recourse against the Trust Account for any reason whatsoever, including but not limited to, in
connection with the purchase of the Warrants, or any Claim that may arise now or in the future. 
 (iii) The Purchasers agree
to jointly and severally indemnify and hold harmless the Company, the Representative and the Trust Account against any and all Losses and Expenses whatsoever to which the Company, the Representative and the Trust Account may become subject for any
reason including as a result of the purchase of the Warrants by the Purchasers, including, but not limited to, any Claim by the Purchasers for rescission of the Warrants, but only to the extent necessary to ensure that such Losses and Expenses do
not reduce the amount in the Trust Account. To the extent that the foregoing indemnification by the Purchasers may be unenforceable for any reason, the Purchasers agree to make the maximum contribution permissible by applicable law to the payment
and satisfaction of any Losses and Expenses relating to Claims that may or will otherwise reduce the amount in the Trust Account. 
 (iv) The Purchasers acknowledge and agree that the stockholders of the Company, including those who purchase the Units in the Offering, are and shall be third-party beneficiaries of the foregoing provisions of this Section 4.D of this
Agreement. 
 (v) The Purchasers agree that to the extent any waiver of rights under this Section 4.D is ineffective as a
matter of law, the Purchasers have offered such waiver for the benefit of the Company as an equitable right that shall survive any statutory disqualification or bar that applies to a legal right. The Purchasers acknowledge the receipt and
sufficiency of consideration received from the Company hereunder in this regard. 
 (vi) The Purchaser’s obligations
under this Section 4.D shall survive the Closing until the expiration of an applicable statute of limitations. 
  

 6 

 5. CONDITIONS OF THE PURCHASER’S OBLIGATIONS AT THE CLOSING. The obligation of the Purchasers to purchase and
pay for the Warrants is subject to the fulfillment, at or before the Closing, of each of the following conditions: 
 A.
Representations and Warranties. The representations and warranties of the Company contained in Section 3, except for those stated to be made as of the date hereof, shall be true and correct in all material respects at and as of the Closing
as though then made, except to the extent of changes caused by the transactions expressly contemplated herein or in the prospectus contained in the Registration Statement. 
 B. Performance. The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are
required to be performed or complied with by it on or before the Closing. 
 C. Registration Statement. The Registration Statement
shall have been declared effective by the Commission and the closing of the Offering shall take place within four (4) Business Days of such effective date or, if the Registration Statement is declared effective before 2:00 p.m. on a Business
Day, the closing of the Offering shall take place within three (3) Business Days of such effective date. 
 6. CONDITIONS OF THE COMPANY’S
OBLIGATIONS AT THE CLOSING. The obligations of the Company to the Purchasers under this Agreement are subject to the fulfillment, at or before the Closing, of each of the following conditions: 
 A. Representations and Warranties. The representations and warranties of the Purchasers contained in Section 4 shall be true at and as of the
Closing as though then made. 
 B. Performance. The Purchasers shall have performed and complied with all agreements, obligations and
conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing. 
 C. Corporate
Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the issuance and sale of the Warrants hereunder. 
 7. TERMINATION. This Agreement may be terminated, or will terminate, as the case may be, at any time prior to the consummation of the Closing if the Offering is
not closed within the time periods described in the Underwriting Agreement after the Registration Statement is declared effective. 
 8. SURVIVAL
OF REPRESENTATIONS AND WARRANTIES. All of the representations and warranties contained herein shall survive the Closing for a period of six (6) months except as otherwise specifically provided herein. 
  

	9.	DEFINITIONS. For the purposes of this Agreement, the following terms have the meanings set forth: 

 “Affiliate” of any particular Person means any other Person controlling, controlled by or under common control with such particular Person,
where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership of voting securities, contract or otherwise. 
  

 7 

 “Bankruptcy” means, with respect to any Person, 
 (i) the filing of an application by the Person for, or a consent to, the appointment of a trustee of the Person’s assets; 

(ii) the filing by the Person of a voluntary petition in bankruptcy or the filing of a pleading in any court of record admitting in
writing the Person’s inability to pay debts as they come due; 
 (iii) a general assignment by such Person for the
benefit of creditors; 
 (iv) the filing by the Person of an answer admitting the material allegations of, or the
Person’s consenting to, or defaulting in answering a bankruptcy petition filed against the Person in any bankruptcy proceeding; or 
 (v) the entry of an order, judgment or decree by any court of competent jurisdiction adjudicating the Person bankrupt or appointing a trustee, custodian, receiver or liquidator of such Person’s assets, which
order, judgment or decree continues unstayed and in effect for any period of sixty (60) days. 
 “Business Combination” means
a merger, stock exchange, asset acquisition or similar business combination of the Company with a target business or businesses which is its initial business combination and which meets the size, timing and other criteria outlined in the
Registration Statement. 
 “Business Day” means any day other than a Saturday, Sunday or Federal holiday in the United States.

 “Common Stock” means the Company’s Common Stock, par value $0.001 per share. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Person” means any individual, partnership, corporation, limited liability company, association, joint stock company, trust, joint venture,
unincorporated organization or governmental entity or any department, agency or political subdivision thereof. 
 “Securities Act”
means the Securities Act of 1933, as amended. 
 “Securities and Exchange Commission” or “Commission” means the United
States Securities and Exchange Commission. 
 10. MISCELLANEOUS. 
 A. Legends. 
 (i) The certificates evidencing the Warrants and, unless the
Registration Statement or any subsequent registration statement is then effective with respect to the Common Stock issuable upon exercise of the Warrants, the Common Stock, shall include the legend set forth below, which each Purchaser has read and
understands: 
 THESE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS 

  

 8 

 
AMENDED, OR ANY STATE SECURITIES LAW, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. THESE SECURITIES ARE ALSO SUBJECT TO INVESTMENT REPRESENTATIONS AND RESTRICTIONS ON TRANSFER OR SALE PURSUANT TO A WARRANT PURCHASE AGREEMENT DATED
                    , 2007 (“PURCHASE AGREEMENT”) WHICH RESTRICTS THE TRANSFER THEREOF AS PROVIDED IN THE PURCHASE AGREEMENT, A COPY
OF WHICH CAN BE OBTAINED FROM THE COMPANY AT ITS EXECUTIVE OFFICES. 
 The certificates evidencing the Warrants shall also
include the following additional legend set forth below, which each Purchaser has read and understands: 
 FURTHER THESE SECURITIES SHALL BE
DEPOSITED INTO ESCROW AND SUBJECT TO THE TERMS OF THAT SECURITIES ESCROW AGREEMENT DATED                     , 2007 (“ESCROW
AGREEMENT”) WHICH ESCROW AGREEMENT RESTRICTS THE TRANSFER THEREOF, A COPY OF WHICH CAN BE OBTAINED FROM THE COMPANY AT ITS EXECUTIVE OFFICES. 
 (ii) By accepting the certificates bearing the aforesaid legend, each Purchaser agrees, prior to any permitted transfer of the Securities represented by the certificates and subject to the restrictions contained
herein, to give written notice to the Company expressing the desire to effect such transfer and describing briefly the proposed transfer. Upon receiving such notice, the Company shall present copies thereof to its counsel and the following
provisions shall apply: 
 (a) subject to the transfer restrictions contained elsewhere in this Agreement, if, in the
reasonable opinion of counsel to the Company, the proposed transfer of such Securities may be effected without violating the terms of this Agreement, or any applicable securities laws, the Company shall promptly thereafter notify such Purchaser,
whereupon such Purchaser shall be entitled to transfer such Securities, all in accordance with the terms of the notice delivered by the transferring Purchaser and upon such further terms and conditions as shall be required to ensure compliance with
this Agreement and all applicable securities laws, and, upon surrender of the certificate evidencing such Securities, in exchange therefor, a new certificate not bearing a legend of the character set forth above if such counsel reasonably believes
that such legend is no longer required under this Agreement; and 
 (b) subject to the transfer restrictions contained
elsewhere in this Agreement, if, in the reasonable opinion of counsel to the Company, the proposed transfer of such Securities may not be effected without registration under the Securities Act or the applicable state securities acts, a copy of such
opinion shall be promptly delivered to the transferring Purchaser, and such proposed transfer shall not be made unless such registration is then in effect. 
 (iii) The Company may, from time to time, make stop transfer notations in its records and deliver stop transfer instructions to its transfer agent to the extent its counsel considers it necessary to ensure compliance
with the Securities Act and the applicable state securities acts. 
  

 9 

 B. Successors and Assigns. Except as otherwise expressly provided herein, all covenants and
agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not. Notwithstanding the foregoing or
anything to the contrary herein, the parties may not assign this Agreement. 
 C. Severability. Whenever possible, each provision of
this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of this Agreement. 
 D. Counterparts. This Agreement may
be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same Agreement. 
 E. Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a
substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than by limitation. 
 F. Governing Law. The general corporation law of the State of Delaware shall govern all issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement, without
giving effect to any choice of law or conflict of law rules or provisions that would cause the application of the laws of any jurisdiction other than the State of Delaware. 
 G. Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when delivered
personally to the recipient, sent to the recipient by reputable overnight courier service (charges prepaid), mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid, by facsimile transmission or by email
transmission (subject to electronic confirmation of receipt); provided, however, that an original copy of any notice, consent or request sent by facsimile transmission or by email transmission also shall be delivered to the addressee
of such notice, consent or request by Express Mail or similar private courier service within two (2) business days after such initial transmission. Such notices, demands and other communications shall be sent: 
 If to the Company or to Lu: 
 2020 China Cap
Acquirco, Inc. 
 c/o Surfmax Corporation 
 221 Boston Post Road East, Suite 410 
 Marlborough, Massachusetts 01752 
 Attention: G. George Lu 
 With a copy to: 
 Seyfarth Shaw LLP

 131 South Dearborn Street, Suite 2400 
 Chicago, Illinois 60603 
 (312) 460-5000 (telephone) 
 (312) 460-7000 (facsimile) 
 Attention: Michel J. Feldman, Esq. 
  

 10 

 If to Win Wide: 
 Win Wide International Ltd. 
 c/o Surfmax Corporation 
 221 Boston Post Road East, Suite 410 
 Marlborough, Massachusetts 01752 
 Attention: G. George Lu 
 With a copy to: 
 Seyfarth Shaw LLP

 131 South Dearborn Street, Suite 2400 
 Chicago, Illinois 60603 
 (312) 460-5000 (telephone) 
 (312) 460-7000 (facsimile) 
 Attention: Michel J. Feldman, Esq. 
 If to
Surfmax Co-Investments II, LLC 
 c/o G. George Lu 
 c/o Surfmax Corporation 
 221 Boston Post Road East, Suite 410 
 Marlborough, MA 01752 
 H. No Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an
ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship
of any of the provisions of this Agreement. 
 [signature pages follow] 
  

 11 

 IN WITNESS WHEREOF, the parties hereto have executed this Warrant Purchase Agreement on the date
first written above. 
  

			
	2020 CHINACAP ACQUIRCO, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	WIN WIDE INTERNATIONAL LTD.
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	SURFMAX CO-INVESTMENTS II, LLC
		
	By:	 	 
	Name:	 	
	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00132-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00132-of-00352.parquet"}]]