Document:

ESCROW AGREEMENT

 

ESCROW AGREEMENT, dated as of June [●],
2012 (“Agreement”), by and among Infinity I-China Fund (Cayman) L.P.(the
“Representative”); Infinity I-China Fund (Israel) L.P. (“I1”);
Infinity I-China Fund (Israel 2) L.P. (“I2”)and Infinity I-China Fund (Israel 3) L.P, (collectively with I1,
I2 and the Representative, the “Sponsors”), CONTINENTAL STOCK TRANSFER & TRUST COMPANY, a New York corporation
(“Escrow Agent”) and EARLYBIRDCAPITAL, INC. (“EBC”).

 

WHEREAS, the Sponsors have agreed to establish
an escrow account to deposit certain funds with the Escrow Agent for the benefit of the holders of warrants (the “Beneficiaries”)
issued by Infinity Cross Border Acquisition Corporation (the “Company”) in its initial public offering being
underwritten by EBC (the “IPO”), initially in an amount of Three Million Four Hundred Fifty Thousand and 00/100 ($3,450,000.00)
U.S. Dollars (the “Escrow Asset”), which amount shall be distributed and reduced, from time to time in accordance with
the procedures set forth below;

 

WHEREAS, this Agreement is being entered into
in connection with the Company’s IPO, as described in the Company’s Registration Statement on Form S-1, as amended
on Form F-1, File No. 333-173575 (“Registration Statement”), and the distribution of the Escrow Asset shall
be distributed only in accordance with the terms of this Agreement.

 

WHEREAS, the Sponsors desire that the Escrow
Agent accept the Escrow Asset, in escrow, to be held and disbursed as hereinafter provided.

 

IT IS AGREED:

 

1.          Appointment
of Escrow Agent. The Sponsors, through the Representative as their duly authorized agent, 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 Asset. 24 hours prior to the effective date of the Registration Statement (the “Effective Date”),
the Sponsors shall deliver to the Escrow Agent the Escrow Asset in the amounts set forth in Schedule 1 hereto, to be held and deposited
by Escrow Agent in an interest bearing account at J.P. Morgan Chase Bank N.A., maintained by the Escrow Agent, which shall only
be disbursed in accordance with the terms and conditions of this Agreement.

 

3.          Disbursement
and Reduction of the Escrow Asset.

 

3.1           The
Escrow Agent shall hold the Escrow Asset during the period (the “Escrow Period”) commencing on the date hereof
and ending upon the earlier of (each a “Termination Event”) (i) the Company’s consummation of a “Business
Combination” (as such term is defined in the Registration Statement) or (ii) the Company’s failure to consummate a
Business Combination within the required time period. The Representative shall promptly provide notice of a Termination Event to
the Escrow Agent. Upon completion of the Escrow Period, the Escrow Agent shall promptly commence the distribution of the Escrow
Asset (excluding any interest earned thereon) to the Beneficiaries upon receipt of, and only in accordance with, the terms of a
joint letter (the “Direction Letter”) in accordance with Sections 3.4, 3.5 or 3.6, as applicable, hereof. Notwithstanding
the foregoing, during the Escrow Period, the Escrow Agent may distribute a certain portion of the Escrow Asset pursuant to Sections
3.2 and 3.3 herein.

 

    	 

    	 

    

  

3.2           Subject
to the terms and conditions of this Section 3.2, during the Escrow Period, upon joint written request from the Representative and
EBC, which may be given from time to time pursuant to a letter (the “Reduction Letter”) in a form substantially
similar to that attached hereto as Exhibit A, the Escrow Agent shall reduce the amount of the Escrow Asset (the amount by
which the Escrow Asset is reduced pursuant to this paragraph is referred to herein as the “Reduction Amount”),
and promptly distribute by wire such Reduction Amount to the Sponsors in accordance with the Representative’s written instruction.

 

3.3           Subject
to the terms and conditions of this Section 3.3, during the Escrow Period, upon written request from the Representative, which
may be given from time to time pursuant to a letter (the “Plan Instruction Letter”) in a form substantially
similar to that attached hereto as Exhibit B indicating that the Sponsors’ have purchased a certain number of the
Company’s warrants (the “Warrants”) pursuant to the Sponsors’ Rule 10b5-1 warrant purchase plan
as described in the Registration Statement (the “10b5-1 Plan”), together with the applicable “trade ticket”
or similar confirmation evidencing the Sponsors’ purchase, the Escrow Agent shall, as soon as practicable, reduce the amount
of the Escrow Asset (the amount by which the Escrow Asset is reduced pursuant to this paragraph is referred to herein as the “Purchase
Reduction Amount”), and promptly distribute by wire such Purchase Reduction Amount to the broker effectuating the 10b5-1
Plan in accordance with the Plan Instruction Letter in order to complete such trade within two trading days of the trade date.

 

3.4           If
the Termination Event is the Company’s consummation of a Business Combination, Escrow Agent shall distribute the Escrow Asset
pro-rata to the Beneficiaries upon Escrow Agent’s receipt of a Direction Letter in a form substantially similar to that attached
hereto as Exhibit C, stating that that the Company has consummated its initial business combination, as set forth in the
Registration Statement and a concurrent tender offer has also been consummated for all the Company’s warrants issued but
not subsequently purchased by the Sponsors pursuant to the 10b5-1 Plan, such that each Beneficiary will receive an amount equal
to $0.60 per Warrant for each Warrant validly tendered and not properly withdrawn.

 

3.5           If
the Termination Event is the Company’s failure to consummate a Business Combination, Escrow Agent shall distribute the Escrow
Asset pro-rata to the Beneficiaries upon Escrow Agent’s receipt of a Direction Letter in a form substantially similar to
that attached hereto as Exhibit D, stating that the Company did not consummate a proposed business combination within the
time period set forth in the Registration Statement, and the Sponsors must distribute the Escrow Asset such that each Beneficiary
(excluding the Sponsors, to the extent they become Beneficiaries by virtue of purchasing warrants in connection with their Rule
10b5-1 warrant purchase plan as described in the Registration Statement) receives an amount equal to $0.60 per Warrant for each
Warrant then held by such Beneficiary.

 

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3.6           Upon
joint written request from the Representative and EBC, which may be given from time to time in a form substantially similar to
that attached hereto as Exhibit E, the Escrow Agent shall distribute to the Representative by wire transfer the income collected
on the Escrow Asset.

 

4.          Concerning
the Escrow Agent.

 

4.1           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.

 

4.2           Indemnification.
The Escrow Agent shall be indemnified and held harmless by the Sponsors from and against any expenses, including counsel fees and
disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or other proceeding involving any claim
which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of the Escrow Agent hereunder,
or the Escrow Asset 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 Asset or it may deposit the Escrow Asset with the clerk of any appropriate
court or it may retain the Escrow Asset 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 Asset are to be disbursed and delivered. The provisions
of this Section 4.2 shall survive in the event the Escrow Agent resigns or is discharged pursuant to Sections 4.5 or 4.6 below.

 

4.3           Compensation.
The Escrow Agent shall be entitled to reasonable compensation from the Sponsors for all services rendered by it hereunder. The
Escrow Agent shall also be entitled to reimbursement from the Sponsors 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.

 

4.4           Further
Assurances. From time to time on and after the date hereof, the Sponsors 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.

 

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4.5           Resignation.
The Escrow Agent may resign at any time and be discharged from its duties as escrow agent hereunder by its giving the other parties
hereto written notice and such resignation shall become effective as hereinafter provided. Such resignation shall become effective
at such time that the Escrow Agent shall turn over to a successor escrow agent appointed by the Company, the Escrow Asset 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 Asset with any court it reasonably deems appropriate.

 

4.6           Discharge
of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested
in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only
upon acceptance of appointment by a successor escrow agent as provided in Section 4.5.

 

4.7           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.

 

5.          Miscellaneous.

 

5.1           Governing
Law. This Agreement shall for all purposes be deemed to be made under and shall be construed in accordance with the laws of
the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction.

 

5.2           Third
Party Beneficiaries. Each of the Sponsors hereby acknowledges that the Beneficiaries are third party beneficiaries of this
Agreement.

 

5.3           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.

 

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

 

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

 

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

 

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If to the Sponsors, to the Representative:

 

Infinity I-China Fund (Cayman) L.P.

3 Azrieli Center (Triangle Tower)

42nd Floor, Tel Aviv,
Israel, 67023

Attn: [●]

 

and if to the Escrow Agent, to:

 

Continental Stock Transfer & Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven G. Nelson, Chairman

 

and if to EBC, to:

 

EarlyBirdCapital, Inc.

275 Madison Avenue, 27th Floor

New York, New York 10016

Attn: David M. Nussbaum, Chairman

 

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

 

Graubard Miller

The Chrysler Building

405 Lexington Avenue

New York, New York 10174

Attn: David Alan Miller, Esq.

 

and:

 

Ellenoff Grossman & Schole LLP

150 East 42nd Street

New York, New York 10017

Attn: Stuart Neuhauser, Esq.

 

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

 

[Signature Page Follows]

 

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

 

	 	 	SPONSORS:
	 	 	 
	 	 	Infinity I-China Fund (Cayman) L.P.
	 	 	(as a Sponsor and its capacity as Representative)
	 	 	 
	 	By:	 	 
	 		Name:
	 	 	Title:
	 	 	 
	 	 	Infinity I-China Fund (Israel) L.P.
	 	 	 
	 	By:	 	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	Infinity I-China Fund (Israel 2) L.P.
	 	 	 
	 	By:	 	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	Infinity I-China Fund (Israel 3) L.P
	 	 	 
	 	By:	 	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	ESCROW AGENT:
	 	 	 
	 	 	CONTINENTAL STOCK TRANSFER
	 	 	  & TRUST COMPANY
	 	 	 
	 	By:	 	 
	 	 	Name:
	 	 	Title:

  

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	 	 	EARLYBIRDCAPITAL, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

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SCHEDULE 1

  

	SPONSOR	 	PERCENTAGE	 	 	AMOUNT	 
	Infinity I-China Fund (Cayman) L.P.
 3 Azrieli Center (Triangle Tower)
 42nd Floor, Tel Aviv, Israel, 67023
	 	 	46.7	%	 	$	1,611,150	 
	 	 	 	 	 	 	 	 	 
	Infinity I-China Fund (Israel) L.P.
 c/o Infinity I-China Fund (Cayman) L.P.
 3 Azrieli Center (Triangle Tower)
 42nd Floor, Tel Aviv, Israel, 67023
	 	 	23.8	%	 	$	821,100	 
	 	 	 	 	 	 	 	 	 
	Infinity I-China Fund (Israel 2) L.P.
 c/o Infinity I-China Fund (Cayman) L.P.
 3 Azrieli Center (Triangle Tower)
 42nd Floor, Tel Aviv, Israel, 67023
	 	 	20.4	%	 	$	703,800	 
	 	 	 	 	 	 	 	 	 
	Infinity I-China Fund (Israel 3) L.P.
 c/o Infinity I-China Fund (Cayman) L.P.
 3 Azrieli Center (Triangle Tower)
 42nd Floor, Tel Aviv, Israel, 67023
	 	 	9.1	%	 	$	313,950	 

 

    	 

    	 

    

 

EXHIBIT A

[Letterhead of Company]

 

[Insert date]

Continental Stock Transfer

& Trust Company

17 Battery Place

New York, New York 10004

Attn:  Steven Nelson and Frank Di Paolo

 

Re:       Escrow Account
No. [    ]   -       Reduction Letter

 

Gentlemen:

 

Reference is made to that Escrow Agreement
between Infinity I-China Fund (Cayman) L.P. (the “Representative”); Infinity I-China Fund (Israel) L.P. (“I1”);
Infinity I-China Fund (Israel 2) L.P. (“I2”)and Infinity I-China Fund (Israel 3) L.P, (collectively with I1,
I2 and the Representative, the “Sponsors”), Continental Stock Transfer & Trust Company (the “Escrow
Agent”) and EarlyBirdCapital, Inc., dated as of ________, 2012 (the “Escrow Agreement”). Capitalized
terms used herein and not otherwise defined shall have the meanings ascribed to them in the Escrow Agreement. Pursuant to Section
3.2 of the Escrow Agreement, this is to authorize you to reduce the amount of the Escrow Asset and distribute to the Representative
by wire the Reduction Amount as follows: [insert (a) or (b) as applicable]:

 

(a)          an
aggregate Reduction Amount of $_________ as a result of a partial exercise of the over-allotment option granted to the underwriters
of the IPO such that the remaining Escrow Asset in the amount of $[●] (excluding any interest earned thereon) will be sufficient
for the Beneficiaries to receive $0.60 for each Warrant then held by them; or

 

(b)          an
aggregate Reduction Amount of $_________ as a result of no exercise of the over-allotment option granted to the underwriters of
the IPO such that the remaining Escrow Asset in the amount of $[●] (excluding any interest earned thereon) will be sufficient
for the Beneficiaries to receive $0.60 for each Warrant then held by them.

 

In accordance with the terms of the Escrow
Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds constituting the Reduction Amount
promptly upon your receipt of this letter to the Representative’s operating account at:

 

[WIRE INSTRUCTION INFORMATION]

 

	 	Very truly yours,	 
	 	 	 
	 	Infinity I-China Fund (Cayman) L.P.	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

 

	 	EarlyBirdCapital, Inc.	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

 

    	 

    	 

    

 

EXHIBIT B

[Letterhead of Company]

 

[Insert date]

Continental Stock Transfer

& Trust Company

17 Battery Place

New York, New York 10004

Attn:  Steven Nelson and Frank Di Paolo

 

Re:       Escrow Account
No. [    ]   -       Plan Instruction Letter

 

Gentlemen:

 

Reference is made to that Escrow Agreement
between Infinity I-China Fund (Cayman) L.P. (the “Representative”); Infinity I-China Fund (Israel) L.P. (“I1”);
Infinity I-China Fund (Israel 2) L.P. (“I2”)and Infinity I-China Fund (Israel 3) L.P, (collectively with I1,
I2 and the Representative, the “Sponsors”), Continental Stock Transfer & Trust Company (the “Escrow
Agent”) and EarlyBirdCapital, Inc., dated as of ________, 2012 (the “Escrow Agreement”). Capitalized
terms used herein and not otherwise defined shall have the meanings ascribed to them in the Escrow Agreement. Pursuant to Section
3.3 of the Escrow Agreement, this is to authorize you to reduce the amount of the Escrow Asset and distribute to [●] by wire
the Purchase Reduction Amount as follows:

 

an aggregate Purchase Reduction Amount of $_________
as a result of the purchase of the Company’s Warrants by the Sponsors pursuant to 10b5-1 Plan prior to the announcement by
the Company of a business combination such that the remaining Escrow Asset in the amount of $[●] (excluding any interest
earned thereon) will be sufficient for the Beneficiaries (excluding the Sponsors, to the extent they become Beneficiaries by virtue
of purchasing Warrants in connection with the 10b5-1 Plan) to receive $0.60 for each Warrant then held by them.

 

We have attached the “trade ticket”
or similar confirmation as an exhibit to this letter.  In accordance with the terms of the Escrow Agreement, you are
hereby directed and authorized to transfer (via wire transfer) such funds constituting the Purchase Reduction Amount promptly upon
your receipt of this letter to [●]at:

 

[WIRE INSTRUCTION INFORMATION]

 

	 	Very truly yours,	 
	 	 	 
	 	Infinity I-China Fund (Cayman) L.P.	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

 

cc: EarlyBirdCapital, Inc.

 

    	 

    	 

    

EXHIBIT C

 

[Letterhead of Company]

[Insert date]

 

Continental Stock Transfer

& Trust Company

17 Battery Place

New York, New York 10004

Attn:  Steven Nelson and Frank Di Paolo

 

Re:       Escrow Account
No. [    ]   -       Direction Letter

 

Gentlemen:

 

Pursuant to Section 3.3 of the Escrow Agreement
between Infinity I-China Fund (Cayman) L.P. (the “Representative”); Infinity I-China Fund (Israel) L.P. (“I1”);
Infinity I-China Fund (Israel 2) L.P. (“I2”)and Infinity I-China Fund (Israel 3) L.P, (collectively with I1,
I2 and the Representative, the “Sponsors”), Continental Stock Transfer & Trust Company (the “Escrow
Agent”) and EarlyBirdCapital, Inc., dated as of ________, 2012 (the “Escrow Agreement”), this is to
advise you that the Company has consummated a business combination with [       ] (the “Target
Businesses”) on [         ] (the “Consummation Date”).
Capitalized words used herein and not otherwise defined shall have the meanings ascribed to them in the Escrow Agreement.

 

Pursuant to Section 3.4 of the Escrow Agreement
Agreement, you are hereby directed to distribute the Escrow Asset (less any interest earned thereon) pro-rata to the Beneficiaries
because the Company has consummated its initial business combination, as set forth in the Registration Statement and a concurrent
tender offer has also been consummated for all the Company’s Warrants issued but not subsequently purchased by the Sponsors
pursuant to the 10b5-1 Plan, such that each Beneficiary is entitled to receive an amount equal to $0.60 per Warrant for each Warrant
validly tendered and not properly withdrawn. The balance of the Trust Asset, if any, should be returned to the operating account
at: [WIRE INSTRUCTION INFORMATION]

 

Upon the distribution of all Escrow Asset
pursuant to the terms hereof, the Escrow Agreement shall be terminated.

 

 

	 	Very truly yours,	 
	 	 	 
	 	Infinity I-China Fund (Cayman) L.P.	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 
	 	EarlyBirdCapital, Inc.	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

  

    	 

    	 

    

 

EXHIBIT D

 

[Letterhead of Company]

 

[Insert date]

Continental Stock Transfer

& Trust Company

17 Battery Place

New York, New York 10004

Attn:  Steven Nelson and Frank Di Paolo

 

Re:       Escrow Account
No. [    ]   -       Direction Letter

 

Gentlemen:

 

Reference is made to the Escrow Agreement
between Infinity I-China Fund (Cayman) L.P. (the “Representative”); Infinity I-China Fund (Israel) L.P. (“I1”);
Infinity I-China Fund (Israel 2) L.P. (“I2”)and Infinity I-China Fund (Israel 3) L.P, (collectively with I1,
I2 and the Representative, the “Sponsors”), Continental Stock Transfer & Trust Company (the “Escrow
Agent”) and EarlyBirdCapital, Inc., dated as of ________, 2012 (the “Escrow Agreement”). Capitalized
terms used herein and not otherwise defined shall have the meanings ascribed to them in the Escrow Agreement. Pursuant to Section
3.5 of the Escrow Agreement, this is to advise you that the Company did not consummate a proposed business combination within the
time period set forth in the Registration Statement, and the Sponsors must distribute the Escrow Asset such that each Beneficiary
(excluding the Sponsors, to the extent they become Beneficiaries by virtue of purchasing Warrants in connection with the 10b5-1
Plan) receives an amount equal to $0.60 per warrant for each Warrant then held by such Beneficiary.

 

In accordance with the terms of the Escrow
Agreement, you are hereby directed to distribute the Escrow Asset on [      ] to the warrantholders.
[       ] has been selected as the “record” date for the purpose of determining
the warantholders entitled to receive their pro rata share of the Escrow Asset (less interest earned thereon).  You agree
to be the paying agent of record and in your separate capacity as paying agent to distribute said funds directly to the Company’s
warrantholders (other than with respect to the Warrants held by the Sponsors) in accordance with the terms of the Escrow Agreement.
Upon the distribution of all of the funds comprising the Escrow Asset, your obligations under the Escrow Agreement shall be terminated.

 

	 	Very truly yours,	 
	 	 	 
	 	Infinity I-China Fund (Cayman) L.P.	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

 

cc: EarlyBirdCapital, Inc.

    	 

    	 

    

 

EXHIBIT E

 

[Letterhead of Company]

[Insert date]

 

Continental Stock Transfer

& Trust Company

17 Battery Place, 8th Floor

New York, New York 10004

Attn:  Steven Nelson and Frank DiPaolo

 

Re:       Escrow Account
No. [    ]   -       Direction Letter

 

Gentlemen:

 

Pursuant to Section 3.6 of the Escrow Agreement
between Infinity I-China Fund (Cayman) L.P. (the “Representative”); Infinity I-China Fund (Israel) L.P. (“I1”);
Infinity I-China Fund (Israel 2) L.P. (“I2”)and Infinity I-China Fund (Israel 3) L.P, (collectively with I1,
I2 and the Representative, the “Sponsors”), Continental Stock Transfer & Trust Company (the “Escrow
Agent”) and EarlyBirdCapital, Inc., dated as of ________, 2012 (the “Escrow Agreement”), the Representative
hereby requests that you deliver to it $_______ of the interest income earned on the Escrow Asset as of the date hereof.

 

 In accordance with the terms of the
Escrow Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt
of this letter to the Representative’s operating account at:

 

[WIRE INSTRUCTION INFORMATION]

 

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

 

	 	EarlyBirdCapital, Inc.	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:SECURITIES PURCHASE AGREEMENT

 

SECURITIES PURCHASE
AGREEMENT (this “Agreement”), dated as of _________________, 2012, by and among First Corporation, a
Colorado corporation, (the “Company”), and each of the Purchaser set forth on the signature pages hereto
(the “Purchaser”).

 

WHEREAS: 

 

A.           The
Company and the Purchaser are executing and delivering this Agreement in reliance upon the exemption from securities registration
afforded by Section 4(2) of the Securities Act of 1933, as amended (the “1933 Act”) and the rules and
regulations promulgated by the United States Securities and Exchange Commission (the “SEC”) thereunder;

 

B.           Purchaser
desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement, its 8%
secured convertible notes of the Company, in the form attached hereto as Exhibit “A”, in an aggregate principal
amount of up to Five Hundred Thousand ($500,000) (together with any note(s) issued in replacement thereof or as interest thereon
or otherwise with respect thereto in accordance with the terms thereof, the “Notes”), convertible into
shares of common stock, par value $.001 per share, of the Company (the “Common Stock”), upon the terms
and subject to the limitations and conditions set forth in such Notes.

 

C.           Purchaser
wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Notes as is set forth immediately
below its name on the signature pages hereto; and

 

NOW THEREFORE,
the Company and the Purchaser hereby agrees as follows:

 

1.            PURCHASE
AND SALE OF NOTES.

 

a.           Purchase
of Notes. On the terms and subject to the conditions set forth herein, the Company agrees to issue and sell and the Purchaser
agrees to Purchase from the Company on the Closing Date (as defined below), Notes in the aggregate original principal amount of
$500,000.

 

b.           Form
of Payment. On the Closing Date (as defined below), (i) the Purchaser shall pay the purchase price for the Notes to
be issued and sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of
immediately available funds to the Company, in accordance with the Company’s written wiring instructions, against delivery
of the Notes in the principal amount equal to the Purchase Price, and (ii) the Company shall deliver such Notes duly executed
on behalf of the Company, to the Purchaser, against delivery of such Purchase Price.

 

    	 

    	 

    

 

c.           Closing
Date. Subject to the satisfaction (or written waiver) of the conditions thereto set forth in Section 6 and Section 7 below,
the date and time of the issuance and sale of the Notes pursuant to this Agreement (the “Closing Date”)
shall be 12:00 noon, Eastern Standard Time on June 1, 2012, or such other mutually agreed upon time, on a date which is no more
than 14 days from (the “Closing Date”). The closing of the transactions contemplated by this Agreement
(the “Closing”) shall occur on the Closing Date at such location as may be agreed to by the parties.

 

2.            PURCHASER’S
REPRESENTATIONS AND WARRANTIES. Purchaser represents and warrants to the Company that:

 

a.           Investment
Purpose. As of the date hereof, the Purchaser is purchasing the Notes and the shares of Common Stock issuable upon conversion
of or otherwise pursuant to the Notes (including, without limitation, such additional shares of Common Stock, if any, as are issuable
(i) on account of interest on the Notes and (ii) as a result of the events described in Sections 1.3 and 1.4(g) of the
Notes, such shares of Common Stock being collectively referred to herein as the “Conversion Shares”)
for its own account and not with a present view towards the public sale or distribution thereof, except pursuant to sales registered
or exempted from registration under the 1933 Act; provided, however, that by making the representations herein,
the Purchaser does not agree to hold any of the Securities for any minimum or other specific term and reserves the right to dispose
of the Securities at any time in accordance with or pursuant to a registration statement or an exemption under the 1933 Act.

 

b.           Accredited
Investor Status. The Purchaser is an “accredited investor” as that term is defined in Rule 501(a) of Regulation
D (an “Accredited Investor”).

 

c.           Reliance
on Exemptions. The Purchaser understands that the Securities are being offered and sold to it in reliance upon specific
exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying
upon the truth and accuracy of, and the Purchaser’s compliance with, the representations, warranties, agreements, acknowledgments
and understandings of the Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility
of the Purchaser to acquire the Securities.

 

d.           Information.
The Purchaser and its advisors, if any, have been, and for so long as the Notes remain outstanding will continue to be, 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 Purchaser or its advisors. The Purchaser and its advisors, if any, have been,
and for so long as the Notes remain outstanding will continue to be, afforded the opportunity to ask questions of the Company.
Notwithstanding the foregoing, the Company has not disclosed to the Purchaser any material nonpublic information and will not disclose
such information unless such information is disclosed to the public prior to or promptly following such disclosure to the Purchaser.
The Purchaser understands that its investment in the Securities involves a significant degree of risk.

 

e.           Governmental
Review. The Purchaser understands that no United States federal or state agency or any other government or governmental
agency has passed upon or made any recommendation or endorsement of the Securities.

 

    	2

    	 

    

  

f.            Transfer
or Re-sale. The Purchaser understands that (i) the sale or re-sale of the Securities has not been and is not being registered
under the 1933 Act or any applicable state securities laws, and the Securities may not be transferred unless (a) the Securities
are sold pursuant to an effective registration statement under the 1933 Act, (b) the Purchaser shall have delivered to the
Company an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in comparable transactions
to the effect that the Securities to be sold or transferred may be sold or transferred pursuant to an exemption from such registration,
which opinion shall be accepted by the Company, (c) the Securities are sold or transferred to an “affiliate” (as
defined in Rule 144 promulgated under the 1933 Act (or a successor rule) (“Rule 144”)) of the Purchaser
who agrees to sell or otherwise transfer the Securities only in accordance with this Section 2(f) and who is an Accredited Investor,
(d) the Securities are sold pursuant to Rule 144, or (e) the Securities are sold pursuant to Regulation S under the 1933
Act (or a successor rule) (“Regulation S”), and the Purchaser shall have delivered to the Company an
opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in corporate transactions, which
opinion shall be accepted by the Company; (ii) any sale of such Securities made in reliance on Rule 144 may be made only in accordance
with the terms of said Rule and further, if said Rule is not applicable, any re-sale of such Securities under circumstances in
which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the
1933 Act) may require compliance with some other exemption under the 1933 Act or the rules and regulations of the SEC thereunder;
and (iii) neither the Company nor any other person is under any obligation to register such Securities under the 1933 Act or any
state securities laws or to comply with the terms and conditions of any exemption thereunder. Notwithstanding the foregoing or
anything else contained herein to the contrary, the Securities may be pledged as collateral in connection with a bona fide
margin account or other lending arrangement.

 

g.           Legends.
The Purchaser understands that the Notes and the Conversion Shares, have not been registered under the 1933 Act and may not be
sold except pursuant to Rule 144 or Regulation S or an available exemption from registration and shall bear the following legend:

 

“The securities represented by this certificate
have not been registered under the Securities Act of 1933, as amended. The securities may not be sold, transferred or assigned
in the absence of an effective registration statement for the securities under said Act, or an opinion of counsel, in form, substance
and scope customary for opinions of counsel in comparable transactions, that registration is not required under said Act or unless
sold pursuant to Rule 144 or Regulation S under said Act.”

 

h.           Authorization;
Enforcement. This Agreement has been duly and validly authorized and duly executed and delivered on behalf of the Purchaser,
and this Agreement constitutes, the valid and binding agreement of the Purchaser enforceable in accordance with their terms.

 

i.            Residency.
The Purchaser is a resident of the jurisdiction indicated on the signature pages hereto.

 

    	3

    	 

    

  

3.            REPRESENTATIONS
AND WARRANTIES OF THE COMPANY. The Company represents and warrants to each Purchaser that:

 

a.           Organization
and Qualification. The Company and each of its Subsidiaries (as defined below), if any, is a corporation duly organized,
validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority
(corporate and other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased,
used, operated and conducted.

 

b.           Authorization;
Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement and
the Notes and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance with the
terms hereof and thereof, (ii) the execution and delivery of this Agreement and the Notes by the Company and the consummation by
it of the transactions contemplated hereby and thereby (including without limitation, the issuance of the Notes and the issuance
and reservation for issuance of the Conversion Shares issuable upon conversion or exercise thereof) have been duly authorized by
the Company’s Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its shareholders
is required, (iii) this Agreement has been duly executed and delivered by the Company by its authorized representative, and such
authorized representative is the true and official representative with authority to sign this Agreement and the other documents
executed in connection herewith and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery
by the Company of the Notes, each of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable
against the Company in accordance with its terms.

 

c.           Issuance
of Shares. The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Notes in accordance
with their respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and
encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders
of the Company and will not impose personal liability upon the holder thereof.

 

d.           No
Conflicts. The execution, delivery and performance of this Agreement and the Notes by the Company and the consummation
by the Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance and reservation
for issuance of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Articles of
Incorporation or By-laws or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default (or
an event which with notice or lapse of time or both could become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company
or any of its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including
federal and state securities laws and regulations and regulations of any self-regulatory organizations to which the Company or
its securities are subject) applicable to the Company or any of its Subsidiaries or by which any property or asset of the Company
or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations,
cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect).

 

    	4

    	 

    

  

e.           Absence
of Litigation. There is no action, suit, claim, proceeding, inquiry or investigation before or by any court, public board,
government agency, self-regulatory organization or body pending or, to the knowledge of the Company or any of its Subsidiaries,
threatened against or affecting the Company or any of its Subsidiaries, or their officers or directors in their capacity as such,
that could have a Material Adverse Effect.

 

f.            No
Materially Adverse Contracts, Etc. Neither the Company nor any of its Subsidiaries is subject to any charter, corporate
or other legal restriction, or any judgment, decree, order, rule or regulation which in the judgment of the Company’s officers
has or is expected in the future to have a Material Adverse Effect. Neither the Company nor any of its Subsidiaries is a party
to any contract or agreement which in the judgment of the Company’s officers has or is expected to have a Material Adverse
Effect.

 

g.           Certain
Transactions. Except for arm’s length transactions pursuant to which the Company or any of its Subsidiaries makes
payments in the ordinary course of business upon terms no less favorable than the Company or any of its Subsidiaries could obtain
from third parties, none of the officers, directors, or employees of the Company is presently a party to any transaction with the
Company or any of its Subsidiaries (other than for services as employees, officers and directors), including any contract, agreement
or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or
from, or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge of the Company, any
corporation, partnership, trust or other entity in which any officer, director, or any such employee has a substantial interest
or is an officer, director, trustee or partner.

 

h.           Disclosure.
All information relating to or concerning the Company set forth in this Agreement and provided to the Purchaser in connection with
the transactions contemplated hereby is true and correct in all material respects and the Company has not omitted to state any
material fact necessary in order to make the statements made herein or therein, in light of the circumstances under which they
were made, not misleading. No event or circumstance has occurred or exists with respect to the Company or any of its Subsidiaries
or its or their business, properties, prospects, operations or financial conditions, which, under applicable law, rule or regulation,
requires public disclosure or announcement by the Company but which has not been so publicly announced or disclosed (assuming for
this purpose that the Company’s reports filed under the 1934 Act are being incorporated into an effective registration statement
filed by the Company under the 1933 Act).

 

i.            Internal
Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient,
in the judgment of the Company’s board of directors, to provide reasonable assurance that (i) transactions are executed in
accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation
of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability, (iii)
access to assets is permitted only in accordance with management’s general or specific authorization and (iv) the recorded
accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect
to any differences.

 

    	5

    	 

    

 

j.            Foreign
Corrupt Practices. Neither the Company, nor any of its Subsidiaries, nor any director, officer, agent, employee or other
person acting on behalf of the Company or any Subsidiary has, in the course of his actions for, or on behalf of, the Company, used
any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity;
made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; violated
or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended, or made any bribe, rebate, payoff,
influence payment, kickback or other unlawful payment to any foreign or domestic government official or employee.

 

4.            COVENANTS.

 

a.           Best
Efforts. The parties shall use their best efforts to satisfy timely each of the conditions described in Section 5 and 6
of this Agreement.

 

b.           Form
D; Blue Sky Laws. The Company agrees to file a Form D with respect to the Securities as required under Regulation D and
to provide a copy thereof to Purchaser promptly after such filing. The Company shall, on or before the Closing Date, take such
action as the Company shall reasonably determine is necessary to qualify the Securities for sale to the Purchaser at the applicable
closing pursuant to this Agreement under applicable securities or “blue sky” laws of the states of the United States
(or to obtain an exemption from such qualification), and shall provide evidence of any such action so taken to the Purchaser on
or prior to the Closing Date.

 

c.           Authorization
and Reservation of Shares. The Company shall at all times have authorized, and reserved for the purpose of issuance, a
sufficient number of shares of Common Stock to provide for the full conversion of the outstanding Notes. If at any time the number
of shares of Common Stock authorized and reserved for issuance is insufficient to provide for full conversion of the outstanding
Notes, the Company will promptly take all corporate action necessary to authorize and reserve a sufficient number of shares, including,
without limitation, calling a special meeting of shareholders to authorize additional shares to so provide.

 

d.           Corporate
Existence. So long as Purchaser beneficially owns any Notes, the Company shall maintain its corporate existence and shall
not sell all or substantially all of the Company’s assets, except in the event of a merger or consolidation or sale of all
or substantially all of the Company’s assets, where the surviving or successor entity in such transaction (i) assumes the
Company’s obligations hereunder and under the agreements and instruments entered into in connection herewith and (ii) is
a publicly traded corporation whose Common Stock is listed for trading on the OTCBB, Nasdaq, Nasdaq SmallCap, NYSE or AMEX.

 

    	6

    	 

    

 

e.           No
Integration. The Company shall not make any offers or sales of any security (other than the Securities) under circumstances
that would require registration of the Securities being offered or sold hereunder under the 1933 Act or cause the offering of the
Securities to be integrated with any other offering of securities by the Company for the purpose of any stockholder approval provision
applicable to the Company or its securities.

 

f.            Restriction
on Short Sales. The Purchaser agrees that, so long as any of the Notes remain outstanding, the Purchaser will not enter
into or effect any “short sale” (as such term is defined in Rule 3b-3 of the 1934 Act) of the Common Stock or hedging
transaction which establishes a net short portion with respect to the Common Stock.

 

5.            CONDITIONS
TO THE COMPANY’S OBLIGATION TO SELL. The obligation of the Company hereunder to issue and sell the Notes to Purchaser
at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions thereto, provided
that these conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion:

 

a.           The
Purchaser shall have executed this Agreement and delivered the same to the Company.

 

b.           The
Purchaser shall have delivered the Purchase Price in accordance with Section 1(b) above.

 

c.           The
representations and warranties of the Purchaser shall be true and correct in all material respects as of the date when made and
as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date),
and the Purchaser shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Purchaser at or prior to the Closing Date.

 

d.           No
litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority
over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

 

6.            CONDITIONS
TO PURCHASER’S OBLIGATION TO PURCHASE. The obligation of the Purchaser hereunder to purchase the Notes at the Closing
is subject to the satisfaction, at or before the Closing Date of each of the following conditions unless otherwise waived:

 

a.           The
Company shall have executed this Agreement and delivered the same to the Purchaser.

 

b.           The
Company shall have delivered to such Purchaser duly executed Notes (in such denominations as the Purchaser shall request) in accordance
with Section 1(b) above.

 

    	7

    	 

    

 

c.           The
representations and warranties of the Company shall be true and correct in all material respects as of the date when made and as
of the Closing Date as though made at such time (except for representations and warranties that speak as of a specific date) and
the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Closing Date. The Purchaser
shall have received a certificate or certificates, executed by the chief executive officer of the Company, dated as of the Closing
Date, to the foregoing effect and as to such other matters as may be reasonably requested by such Purchaser including, but not
limited to certificates with respect to the Company’s Articles of Incorporation, By-laws and Board of Directors’ resolutions
relating to the transactions contemplated hereby.

 

d.           No
litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated
or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority
over the matters contemplated hereby which prohibits the consummation of any of the transactions contemplated by this Agreement.

 

7.            GOVERNING
LAW; MISCELLANEOUS.

 

a.           Governing
Law. THIS AGREEMENT SHALL BE ENFORCED, GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE
TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS. THE PARTIES
HERETO HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN NEW YORK, NEW YORK WITH RESPECT
TO ANY DISPUTE ARISING UNDER THIS AGREEMENT, THE AGREEMENTS ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED
HEREBY OR THEREBY. BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH SUIT OR PROCEEDING.
BOTH PARTIES FURTHER AGREE THAT SERVICE OF PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE
SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH SUIT OR PROCEEDING. NOTHING HEREIN SHALL AFFECT EITHER PARTY’S RIGHT TO SERVE
PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. BOTH PARTIES AGREE THAT A FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING
SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY OTHER LAWFUL MANNER. THE PARTY
WHICH DOES NOT PREVAIL IN ANY DISPUTE ARISING UNDER THIS AGREEMENT SHALL BE RESPONSIBLE FOR ALL FEES AND EXPENSES, INCLUDING ATTORNEYS’
FEES, INCURRED BY THE PREVAILING PARTY IN CONNECTION WITH SUCH DISPUTE.

 

b.           Counterparts;
Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original
but all of which shall constitute one and the same agreement and shall become effective when counterparts have been signed by each
party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the other party hereto by
facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

    	8

    	 

    

 

c.           Headings.
The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation of,
this Agreement.

 

d.           Severability.
In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then
such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform
with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision hereof.

 

e.           Entire
Agreement; Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties
with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company
nor the Purchaser makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this
Agreement may be waived or amended other than by an instrument in writing signed by the party to be charged with enforcement.

 

f.            Notices.
Any notices required or permitted to be given under the terms of this Agreement shall be sent by certified or registered mail (return
receipt requested) or delivered personally or by courier (including a recognized overnight delivery service) or by facsimile and
shall be effective five days after being placed in the mail, if mailed by regular United States mail, or upon receipt, if delivered
personally or by courier (including a recognized overnight delivery service) or by facsimile, in each case addressed to a party.
The addresses for such communications shall be:

 

If to the Company:

 

To its address at

Maranello

Watch House Green

Felsted, Essex

England CM6 EF

Facsimile: _____________________

E-mail:

Attention: Andrew Clarke, CEO
and Director

 

    	9

    	 

    

 

With a copy to:

 

Mary P. O’Hara, Esq.

Griffitts O’Hara LLP

257 Park Avenue South, 5th Floor

New York, New York 10010

Telephone: 212-209-5483

Facsimile: 212-209-5460

If to Purchaser: To
the address set forth on the signature pages hereto.

 

With copy to:

 

______________________________

______________________________

______________________________

 

Each party shall provide
notice to the other party of any change in address.

 

g.           Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns.
Neither the Company nor Purchaser shall assign this Agreement or any rights or obligations hereunder without the prior written
consent of the other. Notwithstanding the foregoing, subject to Section 2(f), Purchaser may assign its rights hereunder to
any person that purchases Securities in a private transaction from a Purchaser or to any of its “affiliates,” as that
term is defined under the 1934 Act, without the consent of the Company.

 

h.           Third
Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors
and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

i.            Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

j.            No
Strict Construction. 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.

 

    	10

    	 

    

 

IN WITNESS WHEREOF,
the undersigned Purchaser and the Company have caused this Agreement to be duly executed as of the date first above written.

 

FIRST CORPORATION

 

	By:	 	 
	      Andrew Clarke	 
	      Chief Executive Officer	 

 

ISI NOMINEES LIMITED

 

	By:	 	 

 

JURISDICTION/RESIDENCE:

 

ADDRESS:

 

    	11

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