Document:

Share Purchase Option Agreement, dated October 25, 2010

 Exhibit 10.5 
 SHARES PURCHASE OPTION AGREEMENT 
 This Shares Purchase Option Agreement
(this “Agreement”) is made and entered into as of 25 October, 2010 (the “Effective Day”), between Lai Jianhui (the “Purchaser”) and Chu Lai Fan (朱丽芬), a resident of the
Hong Kong Special Administrative Region (the “Hong Kong”) of the PRC (the “Seller”). Purchaser and Seller are also referred to herein together as the “Parties” and individually as a
“Party”. 
 RECITALS 
 WHEREAS, Seller is the holder of 100% issued and outstanding shares of Common Stock of Newrace Limited (the “Company”), a company incorporated under the laws of British Virgin
Islands; 
 WHEREAS, Seller and Purchaser entered into a memorandum of cooperation on 1 November, 2008 and achieved an oral
agreement on 26 November, 2008, pursuant to which Seller would desire to grant to Purchaser an option to acquire, at the Purchaser’s own discretion and at any time after 1 January, 2009, any or all of the shares of Common Stock of the
Company held by the Seller (the “Option Shares”); and 
 WHEREAS, Seller and Purchaser intend to enter into a written
agreement to confirm and further clarify each party’s rights and obligations under the oral agreement achieved between Seller and Purchaser on 26 November, 2008. 
 NOW, THEREFORE, the Parties, in consideration of the foregoing premises and the terms, covenants and conditions set forth below, and other good and valuable consideration, receipt of which
is acknowledged, hereby agree as follows: 
 1. Definitions. 

(a) Defined Terms. The following terms when used in this agreement shall have the following definitions: 

(i) “Bankruptcy Law” means any Law of any jurisdiction relating to bankruptcy, insolvency, corporate reorganization,
company arrangement, civil rehabilitation, special liquidation, moratorium, readjustment of debt, appointment of a conservator, trustee or receiver, or similar debtor relief. 
 (ii) “Business Day” means any day other than a Saturday or Sunday or other day on which banks in Hong Kong are authorized or permitted to be closed during business hours. 

 (iii) “Collateral Agent” shall mean Jingtian & Gongcheng
Attorneys at Law, or, if such firm ceases to serve as Collateral Agent, a successor Collateral Agent approved by the Seller and the Purchaser. 
 (iv) “Commission” means the United States Securities and Exchange Commission. 
 (v) “Exercise Period” means the period during which the Option may be exercised. 
 (vii) “Exercise Price” shall be $400.00 per Option Share on the Vesting Date, such Exercise Price to be increased at the rate of 10% per annum, calculated on a daily basis, until the
Option is exercised or lapsed. For calculation purpose under this Agreement, a year shall have 365 days. 
 (viii)
“Government Authority” means any: (a) nation, principality, state, commonwealth, province, territory, country, municipality, district or other jurisdiction of any nature; (b) federal, state, local, municipal, foreign or
other government; (c) governmental or quasi government authority of any nature (including any governmental division, subdivision, department, agency, bureau, branch, office, commission, council, board, instrumentality, officer, official,
representative, organization, unit, body or Person and any court or other tribunal); or (d) individual, Person or body exercising, or entitled to exercise, any executive, legislative, judicial, administrative, regulatory, police, military or
taxing authority or power of any nature. 
 (ix) “Law” means any federal, state, local, municipal, foreign or
other law, statute, legislation, constitution, principle of common law, resolution, ordinance, code, order, edict, decree, proclamation, treaty, convention, rule, regulation, permit, ruling, directive, pronouncement, requirement (licensing or
otherwise), specification, determination, decision, opinion or interpretation that is, has been or may in the future be issued, enacted, adopted, passed, approved, promulgated, made, implemented or otherwise put into effect by or under the authority
of any Government Authority. 
 (x) “Nominee” means such Person as is designated by the Purchaser in a writing
which is delivered to the Seller. 
 (xi) “Notice of Exercise” shall mean the notice issued by the Purchaser
or Nominee exercising the Option as to Option Shares and shall be in substantially the form of Exhibit I to this Agreement. 

(xii) “Option” means the option granted by the Seller to the Purchaser pursuant to Section 2 of this Agreement.

 (xiii) “Option Shares” mean the shares of common stock of the Company
which are owned by Seller on 26 November, 2008 and are subject to the Option. 
 (xiv) “Person” means any
individual , firm, company, corporation, limited liability company, unincorporated association, partnership, trust, joint venture, Governmental Authority or other entity, and shall include any successor (by merger or otherwise) of such entity.

 (xv) “PRC” means the People’s Republic of China. 

(xvi) “Securities Act” means the Securities Act of 1933, as amended. 

(b) Interpretation. 
 (i) The words “hereof,” “herein,” “hereunder” and similar words refer to this Agreement as a whole and not to any particular provision of this Agreement. The term
“including” is not limited and means “including without limitation.” 
 (ii) Unless otherwise noted, all
references to Sections herein are to Sections of this Agreement. The titles, captions and headings of this Agreement are inserted for convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation
of this Agreement. 
 (iii) Unless otherwise expressly provided herein, (i) references to a Person include its successors
and permitted assigns, (ii) reference to agreements (including this Agreement) and other contractual instruments shall be deemed to include all subsequent amendments, restatements and other modifications thereto or supplement thereof and
(iii) references to any statute or regulation are to be construed as including all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such statute or regulation. 

2. Option Grant. 
 (a) The Seller hereby irrevocably and unconditionally grants to the Purchaser an Option for the Purchaser to acquire from the Seller, at the Exercise Price per share, at any time during the Exercise
Period, to the extent that the Option has vested, any or all of the Option Shares set forth opposite his name in Schedule A hereto, free from all claims, liens, charges, pledges, mortgages, trust, equities, marital rights and other
encumbrances, and with all rights attaching thereto on the date the Option is exercised. 

 (b) The Exercise Period shall mean, with respect to any Options that shall have vested, the
period commencing on 1 January, 2009 (the “Vesting Date”) and ending on 31 December, 2013. 
 (c) The
Option shall vest as to all of the Option Shares on Vesting Date. 
 (d) The Option shall be exercised by delivery to the Seller
of the Notice of Exercise of the Option Shares as to which the Option is being exercised. Payment of the Exercise Price shall be made not later than 15 days after the notice of exercise is given. 

(e) At the Purchaser’s election, the Option may be exercised by a Nominee and the shares may be transferred to the Nominee, in which
event the Notice of Exercise shall be signed by the Nominee and the Purchaser as set forth in the Notice of Exercise. 
 (f)
Seller shall, promptly upon receipt of notice of exercise from the Purchaser or Nominee, cause the Option Shares which have been purchased to be transferred to the Purchaser or the Nominee. 

(g) At all times prior to the last day of the Exercise Period, the Seller shall continue to own the Option Shares, free and clear of any
hypothecation, pledge, mortgage, option, marital right or other encumbrance, except pursuant to this Agreement and except in favor of the Collateral Agent for the benefit of the Purchaser. 

(h) In the event of any stock split, distribution, dividend or combination of shares or reverse split or other recapitalization, the
number of Option Shares shall be adjusted accordingly and the Seller’s shareholding in the Company shall not be diluted in whatsoever manner, and the Exercise Price per share shall be similarly adjusted. 

(i) The Purchaser shall be absolutely entitled to receive all Option Shares upon exercise of the Option, and for the purposes of this
Agreement, the Seller hereby waives, as against the Purchaser, all rights of set-off or counterclaim that would or might otherwise be available to the Seller. 
 (j) The Seller agrees that it will procure that during the Exercise Period, the Company will not issue any new shares in common stocks in addition to what were owned by the Seller on the Vesting Date, or
any other equity instruments which may result in the issue of new shares of common stock in the Company. 
 3. Escrow of
Option Shares. 
 (a) Upon execution of this Agreement, the Seller shall deliver to the Collateral Agent, certificates
representing the Option Shares. The certificates representing the Option Shares (together with duly executed stock powers in blank) shall be held by the Collateral Agent. 

 (b) Upon receipt of a notice of exercise, the Collateral Agent shall promptly deliver the
Option Shares as to which the Option is being exercised or as to which the Purchaser or the Nominee is to receive the Option Shares pursuant to Section 4 of this Agreement, in accordance with the instructions set forth in the Notice of Exercise
and in accordance with any other lock-up in place between the Purchaser or the Seller and a third party. Upon expiration of the Option unexercised, the Option Shares shall be returned to the Seller. 

4. Compliance with Laws of the PRC. Notwithstanding any other provision of this Option, in the event that the transfer of
Option Shares is subject to PRC foreign exchange formalities, the transfer of the shares shall be subject to the subsequent completion of relevant PRC foreign exchange formalities, and, if the Company’s PRC counsel shall advise the Company that
an exercise of the Option will affect the ability of such counsel to render an opinion to the underwriters with respect to the Company’s PRC subsidiaries in connection with the proposed public offering of the Company’s overseas subsidiary,
such exercise shall be deferred until 30 days after the opinion shall have been issued or 45 days after the registration statement shall have been declared effective, whichever shall first occur. 

5. Representations and Warranties of the Seller. The Seller represents and warrants to the Purchaser that: 

(a) This Agreement constitutes valid and binding obligations of the Seller, enforceable against the Seller in accordance with its terms,
subject to applicable Bankruptcy Laws and other laws or equitable principles of general application affecting the rights of creditors generally. 
 (b) The Option Shares are free and clear of any claim, pledge, charge, lien, preemptive rights, marital rights, restrictions on transfers, proxies, voting agreements and any other encumbrance whatsoever,
except as contemplated by this Agreement. The Seller has not entered into or is a party to any agreement that would give any Person any right or claim in or to the Option Shares. The Seller is not insolvent and neither the execution of this
Agreement by the Seller nor the performance by the Seller of its obligations under this Agreement will render the Seller insolvent. 
 (c) The Seller is not a resident or citizen of the PRC. 
 (d) Neither the
execution or delivery of this Agreement by the Seller nor the fulfillment or compliance by the Seller with any of the terms hereof shall, with or without the giving of notice and/or the passage of time, (i) conflict with, or result in a breach
of the terms, conditions or provisions of, or constitute a default under any agreement or instrument to which the Seller is a party or by which he or his property is or may be bound, or (ii) require any consent, license, permit, authorization,
approval or other action by any Person which has not yet been obtained or received. The execution, delivery and performance of this Agreement by the Seller and compliance with the provisions hereof by the Seller do not, and shall not, violate any
provision of any Law to which the Seller is subject or by which it is bound. 

 (e) There are no lawsuits, actions or proceedings (or to the best knowledge of the Seller,
investigations), claims or demands or other proceedings pending or, to the best of the knowledge of the Seller, threatened against the Seller which, if resolved in a manner adverse to the Seller, would adversely affect the right or ability of the
Seller to carry out his obligations set forth in this Agreement. 
 6. Representations and Warranties of the
Purchaser. The Purchaser represents and warrants to the Seller that: 
 (a) This Agreement constitutes valid and
binding obligations of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to applicable Bankruptcy Laws and other laws or equitable principles of general application affecting the rights of creditors generally.

 (b) Neither the execution or delivery of this Agreement by the Purchaser nor the fulfillment or compliance by the Purchaser
with any of the terms hereof shall, with or without the giving of notice and/or the passage of time, (i) conflict with, or result in a breach of the terms, conditions or provisions of, or constitute a default under any agreement or instrument
to which the Purchaser is a party or by which he or his property is or may be bound, or (ii) require any consent, license, permit, authorization, approval or other action by any Person which has not yet been obtained or received unless
specified herein. The execution, delivery and performance of this Agreement by the Purchaser and compliance with the provisions hereof by the Purchaser do not, and shall not, violate any provision of any Law to which the Seller is subject or
by which it is bound. 
 (c) The Purchaser is a resident of the PRC. The Purchaser, in executing the Option, is not
acquiring the securities as a result of, and will not himself engage in, any “directed selling efforts” (as defined in Regulation S (“Regulations S”) promulgated by the Commission under the Securities Act in the United
States in respect of the Option Shares which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the resale of the Option Shares;
provided, however, that the Purchaser may sell or otherwise dispose of the Securities in accordance with applicable law. 
 (d)
The Purchaser acknowledges and agrees that none of the Securities have been registered under the Securities Act and that the Company will not register any transfer of the Option Shares not made pursuant to an exemption from the registration
requirements of the Securities Act. The Purchaser understands that he has no registration rights with respect to the Option Shares. 

 (e) The Purchaser is acquiring the Option Shares as principal for his own account, for
investment purposes only, and no other person has a direct or indirect beneficial interest in such Option Shares. 
 (f) No
person has made to the Purchaser any written or oral representations: 
 (i) that any person will resell or repurchase any of
the Option Shares; 
 (ii) that any person will refund the Exercise Price of any of the Option Shares; or 

(iii) as to the future price or value of any of the Option Shares. 

7. Notices. Any notice, request or other communication required or permitted to be given hereunder shall be given in writing by
delivering it against receipt for it, by depositing it with an overnight delivery service which provides evidence of delivery or attempted delivery or by depositing it in a receptacle maintained by the Hong Kong postal service, postage prepaid,
registered or certified mail, return receipt requested, addressed to the respective parties at the addresses shown on the signature page of this Agreement, and if so given, shall be deemed given on the date of delivery or attempted delivery or by
fax or e-mail, provided that any notice by fax or e-mail shall not be effective unless receipt is confirmed by the recipient. Actual notice, however and from whomever given or received, shall always be effective when received. Any Party
may change the address to which notices, requests, demands, claims, and other communications hereunder are to be delivered by giving the other Party notice in the manner herein set forth. 

8. Miscellaneous. 
 (a) This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes any prior understandings, agreements, or representations by or between the
Parties, written or oral, to the extent they relate in any way to the subject matter hereof. This Agreement shall not be modified or amended nor shall any right be waived except in a written instrument which expressly refers to this Agreement,
states that it is a modification, amendment or waiver and is signed by both Parties in the case of a modification or amendment and by the Party granting the waiver in the case of a waiver. No waiver shall be deemed to extend to any prior or
subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent default, misrepresentation, or breach of warranty or covenant. No delay or omission
to exercise any right, power or remedy accruing to any Party hereunder shall impair any such right, power or remedy nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or
default thereafter occurring. 

 (b) This Agreement shall be construed according to, and the rights of the Parties shall be
governed by, the laws of the Hong Kong. Any dispute in respect of this Agreement shall be applied to the Hong Kong International Arbitration Centre (the “HKIAC”) and resolved by arbitration in accordance with the rules of HKIAC in
effect at the time of application. The arbitration tribunal shall consist of three (3) arbitrators with each party appointing one (1) arbitrator. The third arbitrator who shall be the presiding arbitrator shall be appointed by the chairman of
HKIAC. The arbitration award shall be final and binding on both parties. The cost of arbitration shall be borne by the losing party unless otherwise determined by the arbitration award. 

(c) No Party may assign this Agreement or any rights or obligations hereunder without the prior written consent of the other Party,
except that the Purchaser may grant the right to exercise the Option to a Nominee. The provisions hereof shall inure to the benefit of, and be binding upon, the successors and permitted assigns of the Parties. 

(d) If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the extent
feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would save such
provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits intended by the Parties. In such event, the Parties shall use best
efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most nearly affects the Parties’ intent in entering into this Agreement. 

(e) The language used in this Agreement will be deemed to be the language chosen by the Parties to express their mutual intent, and no
rules of strict construction will be applied against any Party. 
 (f) The parties shall perform such acts, execute and deliver
such instruments and documents and do all other such things as may be reasonably necessary to effect the transactions contemplated hereby. 
 (g) This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. Execution and delivery of this Agreement by
exchange of facsimile copies bearing the facsimile signature of a Party shall constitute a valid and binding execution and delivery of this Agreement by such Party. 
 [Signatures on following page] 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

  

			
	  

	Address; Fax and E-mail	 	Signature
		 	Seller:
		
		 	 /s/ Chu Lai Fan

		
		 	Purchaser:
		 	 /s/ Lai Jianhui

		 	Name:

 Jingtian & Gongcheng agrees to serve as
Collateral Agent pursuant to the foregoing agreement. 
  

			
	Jingtian & Gongcheng
		
	By:	 	 /s/ Yu Chao

	Name:	 	
	Title:	 	Partner

 Schedule A 
 Option Shares 
  

					
	 Name of Purchaser
	  	Number of Option Shares	 
	 Lai Jianhui
	  	 	50,000	  

 Exhibit 1 
 Notice of Exercise 
 To: Chu Lai Fan 

Re: Notice of Option Exercise 
 Madam:

 I hereby exercise the above-referenced option to the extent of
             Option Shares. I further represent and warrant to you that the representations and warranties set forth Sections 6(c) of the Agreement are true and correct on the date
of this Notice of Exercise with the same force and effect as if made by the undersigned on the date of this Notice of Exercise. 
  

	
	Very truly yours,
	
	  

	Name:

 If the Option is being exercised by a Nominee, the
Nominee, by exercising the Option, makes the representations and warranties set forth in Sections 6(c) of the Agreement as of the date of this Notice of Exercise. 
  

	
	  

	Name of Nominee:Deed of Undertaking, dated January 25, 2011

 Exhibit 10.6 
 DEED OF UNDERTAKING 
 This DEED is made on January 25, 2011. 

This DEED WITNESSES as follows: 
  

	1.	Interpretation 

 Reference
is made to that certain share purchase option agreement dated as of October 25, 2010 by and between Lai Jianhui and Chu Lai Fan (the “Agreement”). Capitalized terms used herein and not otherwise defined shall have the
respective meanings assigned to them in the Agreement. 
  

	2.	Amendment 

 The parties
hereto agree to amend the Agreement as follows: 
 I, Lai Jianhui, hereby agree and undertake not to exercise the Option granted
to me by the Seller pursuant to the Agreement from the date hereof until the expiration of the six-month period following the date of the final prospectus of the proposed initial public offering of China Zenix Auto International Limited’s
shares on the New York Stock Exchange or other major stock exchanges as approved by its board of directors (the “IPO”); provided that, if the Company does not complete and publicly distribute a final prospectus in connection with
the IPO on or before December 31, 2011, this DEED of undertaking and the agreement contained herein to not exercise the Option shall automatically terminate and be of no further force and effect. 

 

	3.	Effectiveness 

 This DEED
of undertaking shall henceforth be read and construed in conjunction with the Agreement. Save as amended by this DEED of undertaking, the provisions of the Agreement entered into shall remain in full force and effect. All references in the Agreement
to “this Agreement” or “the Agreement” shall accordingly, unless the context otherwise requires, be read and construed as if they were references to the Agreement as amended by this DEED of undertaking. 

 

	4.	Choice of Governing Law 

This DEED of undertaking shall be governed by and construed in accordance with the laws of Hong Kong. Any matter, claim or dispute,
whether contractual or non-contractual, arising out of or in connection with this DEED of undertaking is to be governed by and determined in accordance with the laws of Hong Kong. 

 IN WITNESS whereof this document has been executed and delivered as a deed the day and year first before
written. 
  

							
	Signed and sealed as a deed by Lai Jianhui in the presence of	 		 		 	
				
		 	 /s/ Lai Jianhui
	 		 	

		 	Lai Jianhui	 		 
				
	Signature of witness:	 		 		 	
				
		 	 /s/ Gao Junqiu
	 		 	
	Name (print):	 	Gao Junqiu	 		 	
	Occupation:	 	the director of Newrace Limited	 		 	
	Address:	 	 North Circle Road State Highway 319 Line
 Zhangzhou City Fujian Province China.
	 		 	
				
	Signed and sealed as a deed by Chu Lai Fan in the presence of	 		 		 	
				
		 	 /s/ Chu Lai Fan
	 		 	

		 	Chu Lai Fan	 		 
	Signature of witness:	 		 		 	
				
		 	 /s/ Gao Junqiu
	 		 	
	Name (print):	 	Gao Junqiu	 		 	
	Occupation:	 	the director of Newrace Limited	 		 	
	Address:	 	 North Circle Road State Highway 319 Line
 Zhangzhou City Fujian Province China.

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