Document:

Exhibit
        10.1

      

      

      

      

      

      

      Equity
        Transfer Agreement

      (English
        Translation)

      

      

      

      

      
 

      

      May
        22, 2008

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      THIS
        EQUITY
        TRANSFER AGREEMENT (the “Agreement”)
        is
        made and entered into on May 22, 2008 (the “Execution
        Date”)
        in
        Beijing of China BY
        AND AMONG

      

      Transferer
        : Beijing Marine Communication & Navigation Company
        (“MCN”)

      

      AND

      

      Transferee:
        Beijing Peking University ChinaFront High Technology Co., Ltd.
        (“PKU”)

      

      Company:
        China TranWiseway Information Technology Co., Ltd. (“China TranWiseway” or the
“Company”)

      

      WHEREAS:
        

      
        	
              	1.	
                China
                  TranWiseway is a limited liability company duly incorporated and
                  existing
                  under the Company Law of the People’s Republic of China (“China”),
                  and other relevant laws and regulations of
                  China.

              

      

      
        	 	 	 

        	 	 	 

        	
              	2.	
                MCN,
                  Xu Wang and Tieying Zhao are the existing shareholders of the Company,
                  who
                  invest in the Company RMB 2.5 million, RMB 400,000, RMB 100,000,
                  holding
                  83.33û,
                  13.34û
                  and 3.33% of the shares of the Company,
                  respectively.

              

      

      
        	 	 	 

        	
              	3.	
                PKU
                  has entered into an equity transfer agent with Xu Wang and Tieying
                  Zhao on
                  May 9, 2008 to purchase 13.34% and 3.33% of the equity ownership
                  of the
                  Company held by Xu Wang and Tieying Zhao,
                  respectively.

              

      

      
        	 	 	 

        	
              	4.	
                PKU
                  has determined to
                  purchase 53.33% of the equity ownership of the Company held by
                  MCN, in
                  accordance with the terms and conditions of the Agreement. (“Equity
                  Transfer”)

              

      

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      NOW
        THEREFORE,
        the
        Parties, on the basis of equality and mutual benefit and in accordance with
        the
        Law of China On Chinese-Foreign Contractual Joint Ventures, the Company Law
        of
        China and other relevant laws and regulations of China, have made and entered
        into the Agreement with respect to the Equity Transfer, under which the Parties
        hereby agree as follows:

       

      
        
          Article
            1

          Equity
            Transfer

           

        

      

      
        	
                1.1

              	
                Equity
                  transfer

              

      

      
        	 	 	 

        	
              	1.1.1	
                The
                  Parties agree that PKU will purchase 53.33% of the Company’s shares at a
                  purchase price of RMB 2.5 million (“Equity
                  Transfer Payment”)
                  in accordance with the terms and conditions set forth in this
                  Agreement.

              

      

      
        	 	 	 

        	
              	1.1.2	
                The
                  Parties agree that upon the Equity Transfer, the capital subscription
                  in
                  registered capital by the shareholders and their respective share
                  proportions shall be as follows:

              

      

      

      
        	
                Name
                  of Shareholders

              	
                Capital
                  subscription in registered capital(unit: RMB)

              	
                Share
                  proportion

              
	 	 	 
	
                PKU

              	
                2,100,000

              	
                70%

              
	
                MCN

              	
                900,000

              	
                30%

              
	
                Total

              	
                3,000,000

              	
                100%

              

      

       

      Article
        2 

      Payment
        of the Equity Transfer

       

      
        
          
            	2.1	
                    MCN
                      and the Company agree to be subject to the terms and conditions
                      set forth
                      in the Agreement with respect to the Equity Transfer hereunder
                      and arrange
                      the same agent to handle the necessary filing and registration
                      of Equity
                      Transfer with the Administration for Industry and Commerce.
                      The Parties
                      agree to do their best to sign the necessary legal documents
                      required by,
                      including but not limited to, commerce authorities and administrations
                      for
                      industry and commerce at any time so as to fulfill the filing
                      and
                      registration of the Equity Transfer as soon as possible.
                      

                  

          

        

      

      
        	 	 

        	
                2.2

              	
                Upon
                  the execution of the Agreement, PKU is entitled to appoint a CFO
                  of the
                  Company. The official seal of the Company, contract seal and appropriative
                  finance seal shall be kept by the CFO appointed by PKU, and the
                  private
                  seal of the legal representative by the existing financial assistant.
                  

              

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      
        	2.3	
                The
                  Company and the MCN shall take all necessary measures to demand
                  the
                  account receivables listed in Exhibit II be paid off as soon as
                  possible.

              

      

      
        	 	 

        	2.4	
                MCN
                  shall issue the written notice for Equity Transfer Payment to PKU
                  before
                  each installment, in which details about designated payment account
                  shall
                  be specified.

              

      

      
        	 	 

        	2.5	
                PKU
                  shall pay the Equity Transfer Payment to MCN according to the following
                  schedule:

              

      

      
        	 	 	 

        	 	
                (1)

              	
                PKU
                  shall pay 30% to the Transferer of the Equity Transfer Payment,
                  i.e., RMB
                  750,000 yuan, in five (5) business days since the Execution
                  Date;

              

      

      
        	 	 	 

        	 	
                (2)

              	
                PKU
                  shall pay other 70% of the Equity Transfer Payment, i.e., RMB 1,750,000
                  yuan, in five (5) business days following the date of completion
                  of
                  alteration registration with the relevant Administration of Industry
                  and
                  Commerce.

              

      

      

      
        Article
          3

        Representation
          and Warranties of PKU

         

        
          	3.1	
                  PKU’s
                    legal status and capacity.
                    PKU has the full power, rights and capacities for execution,
                    delivery and
                    performance of the Agreement, and can act as the subject of litigation.
                    PKU’s execution and performance of the Agreement shall not violate
                    any
                    relevant laws and regulations or government order, nor breach
                    any contract
                    or agreement binding upon PKU or its assets
                    thereof.

                

        

      

      
        	 	 

        	
                3.2

              	
                Legality
                  of the Equity Transfer Payments.
                  PKU hereby warrants that its Equity Transfer Payment for acquiring
                  the
                  Transferer’ equity interests in the Company are legal, and PKU has full
                  power and capacity to make the Equity Transfer Payment to the Transferer
                  subject to the terms and conditions of the
                  Agreement.

              

      

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      
        
          Article
            4

          Representation
            and Warranties of the Company and Transferers

           

        

      

      Unless
        disclosed to PKU in written form, the Company and the MCN hereby represent
        and
        warrant to PKU with respect to the following events as at or prior to the
        Execution Date of the Agreement:

      
        
          
            	 	 

            	4.1.	
                    Authorization.
                      Each of the MCN and the Company has the requisite power and
                      authority to
                      enter into this Agreement and carry out its obligations hereunder.
                      The
                      Agreement shall be binding upon the MCN and the
                      Company.

                  

          

        

      

      
        	 	 

        	4.2.	
                No
                  Conflict.
                  The execution and performance of the Agreement shall not breach,
                  conflict
                  with the articles of association of the Company or other bylaws
                  of its
                  organization rules, nor violate any mandatory stipulations of China’s laws
                  and regulations; all MCN and the Company have acquired all requisite
                  consent or authority in respect of the transactions hereunder from
                  a third
                  party.

              

      

      
        	 	 

        	4.3.	
                Duly
                  existing.
                  The Company is a limited liability company duly incorporated and
                  existing
                  under the laws of China.

              

      

      
        	 	 

        	4.4.	
                Investment.
                  The Company does not invest in or operate, including but not limited
                  to
                  its subsidiaries, branch companies, representative offices or branches;
                  or
                  any other entity controlled directly or indirectly by the Company
                  or any
                  other entity in which the Company holds
                  shares.

              

      

      
        	 	 

        	4.5.	
                Financial
                  statement.
                  The financial statement (including balance sheet, profit & loss
                  statement and cash flow statement) in Exhibit I fairly, completely
                  and
                  accurately represents the operations and financial position and
                  results of
                  the Company as of April 30, 2008. The
                  Company’s financial records and books are prepared in accordance with
                  China’s laws and PRC GAAP.

              

      

      
        	 	 

        	4.6.	
                Undisclosed
                  liabilities.
                  Except for the liabilities that are generated from Company’s ordinary
                  course of business (which will not materially affect any shareholders
                  and
                  the Company), the Company does not have any other liabilities that
                  are not
                  disclosed in the Balance Sheet, and the Company has never furnished
                  others
                  with security of guaranty or has assets with any pledge, mortgage
                  or any
                  other security right.

              

      

      
        	 	 

        	4.7.	
                Capital
                  structure.
                  The share structure of registered capital of the Company in the
                  articles
                  of association of the Company and its amendment with filing and
                  registration with the Administration for Industry and Commerce
                  comply with
                  the articles of association and its amendments provided by the
                  MCN to PKU
                  (information about share structure is set forth in Item 4.7 of
                  Disclosure
                  List ), which represents the complete and accurate capital structure
                  of
                  the Company prior to the Equity Transfer. Except for the above
                  shares, the
                  Company has never promised to anybody in any form or issued any
                  other
                  securities, shares, bonds or options, or any other same or similar
                  shares.

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      
        	4.8.	
                No
                  Change.
                  From the Balance
                  Sheet Date (April
                  30, 2008) to the Execution
                  Date
                  (May 22, 2008) of the Agreement, unless otherwise specified in
                  the
                  Agreement or disclosed in Item 4.8 of Disclosure List by MCN and
                  the
                  Company which shall be approved by PKU in written form, the Company
                  does
                  not:

              

      

      
        	 	 	 

        	
              	4.8.1	
                repay
                  the liabilities in advance;

              

      

      
        	 	 	 

        	 	
                4.8.2

              	
                furnish
                  others with security of guaranty or have assets with any mortgage,
                  deliver
                  of pledge or any other security
                  right;

              

      

      
        	 	 	 

        	 	
                4.8.3

              	
                exempt
                  its creditor’s rights upon others or waive its rights of
                  claim;

              

      

      
        	 	 	 

        	 	
                4.8.4

              	
                revise
                  any existing contracts or
                  agreements;

              

      

      
        	 	 	 

        	 	
                4.8.5

              	
                give
                  bonus to any management, director, employee, sales representative,
                  agent
                  or adviser or increase their income in any other form, nor raise
                  the
                  salaries of the five persons with the best salary in the Company
                  and CEO,
                  President, COO and CFO by 10% within twelve
                  months;

              

      

      
        	 	 	 

        	 	
                4.8.6

              	
                suffer
                  any loss (whether or not has bought the insurance), or deteriorate
                  relationship with suppliers, customers or employees, which may
                  lead to
                  adverse impact on the Company;

              

      

      
        	 	 	 

        	 	
                4.8.7

              	
                change
                  the method of accounting calculation, accounting policy or principles
                  or
                  rules and regulations of financial accounting of the
                  Company;

              

      

      
        	 	 	 

        	 	
                4.8.8

              	
                transfer
                  or authorize others to use the intellectual property of the Company
                  except
                  in the Company’s normal business
                  activities;

              

      

      
        	 	 	 

        	 	
                4.8.9

              	
                have
                  material change with regard to conventional sales or accounting
                  method,
                  employing policy or rules and
                  regulations;

              

      

      
        	 	 	 

        	 	
                4.8.10

              	
                have
                  materially adverse change regarding the Company’s financial position; or
                  have other transactions rather than the regular business and give
                  rise to
                  responsibilities; 

              

      

      
        	 	 	 

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      
        	 	
                4.8.11

              	
                make
                  any resolution by shareholders’ meeting or board resolutions which are
                  different from those discussing routine matters at annual general
                  meeting,
                  excluding those made particularly for the performance of the
                  Agreement;

              

      

      
        	 	 	 

        	 	
                4.8.12

              	
                declare,
                  pay, or is to declare, pay, cause any dividends, bonus or dividends
                  paid
                  to shareholders in any other form;

              

      

      
        	 	 	 

        	 	
                4.8.13

              	
                (i)
                  sell, mortgage, pledge, lease, transfer or dispose beyond its normal
                  business scope the assets whose transaction amount reaches over
                  RMB
                  30,000, (ii) dispose any fixed asset or approve the disposal of
                  its fixed
                  asset by others, give up the control over the assets of the Company,
                  enter
                  into any contract which may result in the fixed assets expenditure,
                  or
                  give rise to any other obligations; (iii) have any expenditure
                  over RMB
                  30,000 beyond its normal business scope or purchase any tangible
                  or
                  intangible assets (including the share equity investment in any
                  company);

              

      

      
        	 	 	 

        	 	
                4.8.14

              	
                have
                  any transaction or action not belonging to its ordinary course
                  of
                  business; or 

              

      

      
        	 	 	 

        	 	
                4.8.15

              	
                have
                  any action or omission which may lead to the above
                  events.

              

      

       

      
        
          
            	4.9	
                    Tax
                      Matters.
                      The Company has had filed all the tax registrations required
                      by the laws
                      and regulations, and has paid all the taxes due.
                      

                  

            	 	 

          

        

      

      
        	
                4.10

              	
                Assets.
                  The Company has the full power and right to own and use all their
                  fixed
                  assets and intangible assets. Details are set forth in Item 4.10
                  of
                  Disclosure List. 

              

        	 	 

      

      
        	4.11	
                Real
                  Property.
                  The Company does not own or lease any real
                  property.

              

        	 	 

      

      
        	4.12	
                Contracts.
                  MCN and the Company hereby warrant that each of the counterparts
                  of
                  agreements shall be executed as the original; that the Company
                  does not
                  have any of the following contracts, agreements or documents binding
                  upon
                  the Company or to which the Company is a party, or violate the
                  terms and
                  conditions or obligations of such contracts, agreements or documents,
                  which:

              

        	 	 

      

      
        	
              	4.12.1	
                are
                  not made in the ordinary course of
                  business;

              

      

      
        	 	 	 

        	
              	4.12.2	
                are
                  not concluded on a fair base;

              

      

      
        	 	 	 

        	
              	4.12.3	
                result
                  in the Company’s loss or prejudice to the Company’s
                  benefit;

              

      

      
        	 	 	 

        	
              	4.12.4	
                cannot
                  be implemented with reasonable efforts and expenditure;
                  or

              

      

      
        	 	 	 

        	
              	4.12.5	
                limit
                  the Company’s free operation
                  activities.

              

      

      
        	 	 

      

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      
        	4.13	
                Intellectual
                  property.
                  Unless otherwise disclosed in Item 4.13 of Disclosure List, the
                  Company
                  has the legal title of or rights to use all the intellectual properties
                  being used by the Company (including but not limited to patent,
                  trademark,
                  copyright, know-how, domain name and business secret, etc.), and
                  the
                  Company has acquired all the necessary authorization or license
                  of the
                  intellectual property with regard to a third party’s intellectual property
                  during its operation (including but not limited to the intellectual
                  property license for the services with regard to providing value-added
                  services). The Company does not infringe upon others’ intellectual
                  property rights, business secret, know-how or similar rights, and
                  is not
                  involved in any claim for compensation, dispute or proceedings,
                  which
                  remain unresolved or may occur, against the Company due to the
                  infringement upon any third party’s intellectual property rights, business
                  secret, know-how or similar rights. The Company has officially
                  registered
                  its trademark, patent, software copyright and domain name with
                  relevant
                  authorities.

              

      

      
        	 	 

        	4.14	
                Litigation.
                  The Company is not subject to any of the following events which
                  may bring
                  materially adverse impact on the Company, or have negative impact
                  on the
                  execution, validity and enforceability of the Agreement and the
                  Equity
                  Transfer thereof, whether it is implemented, remain unresolved
                  or may
                  occur:

              

      

      
        	 	 	 

        	
              	4.14.1	
                penalty,
                  ban or order against the Company by any government
                  authorities;

              

      

      
        	 	 	 

        	
              	4.14.2	
                proceedings
                  or dispute against the Company such as civil, criminal and administrative
                  actions and arbitration, etc.

              

      

      
        	 	 

        	4.15	
                Legal
                  Compliance.
                  The Company’s current operation is in full compliance with the existing
                  laws and regulations, rules and other provisions by relevant
                  administrations of China (collectively “Laws
                  and Regulations”),
                  and the Company does not breach any of such Laws and Regulations
                  which may
                  lead to materially adverse impact on the Company’s operation or its
                  assets.

              

      

      
        	 	 

        	4.16	
                Employees.

              

        	 	 

        	 	Unless otherwise disclosed in Item
                4.16 of
                Disclosure List,

      

       

      
        
          
            	
                  	4.16.1	
                    all
                      the employees of the Company abide by relevant applicable labor
                      laws;

                  

          

        

      

      
        	 	 	 

        	
              	
                4.16.2

              	
                there
                  are not any labor disputes or potential labor disputes between
                  the Company
                  and its employees and former
                  employees;

              

      

      
        	 	 	 

        	
              	4.16.3	
                the
                  Company does not have any overdue economic compensation, payable
                  due to
                  terminating the labor contracts, or similar obligation to pay the
                  indemnity or compensation costs with regard to
                  employment;

              

      

      
        	 	 	 

        	
              	4.16.4	
                the
                  Company has fully paid and/or withheld employees’ social insurance or
                  welfares in accordance with relevant laws and regulations, including
                  endowment insurance, housing fund, medical insurance, unemployment
                  insurance and other payable insurance or welfare as per relevant
                  laws and
                  the agreements, and therefore does not have any existing or potential
                  disputes concerning such social insurance and
                  welfares.

              

      

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      
        
          
            	4.17	
                    Special
                      representation and warranties of MCN and the Company.
                      In addition to the general representation and warranties aforesaid,
                      MCN
                      and the Company further represent and warrant
                      that:

                  

          

        

      

       

      
        
          
            	
                  	4.17.1	
                    all
                      the documents including account books, records of equity changes,
                      financial statement and other records of the Company have been
                      kept
                      complying with business rules and controlled by the Company,
                      and all the
                      principal transactions in connection with the Company’s operation have
                      been recorded in an accurate and regular
                      way;

                  

          

        

      

      
        	 	 	 

        	
              	
                4.17.2

              	
                as
                  of the date when MCN transfers all legal and financial documents
                  to PKU
                  (the “Transfer
                  Date”),
                  all the documents of the Company including the minutes of board
                  meetings
                  and meetings of shareholders’ conference and shareholder list have been
                  kept safely, in which all necessary events required by such documents
                  are
                  recorded completely and accurately;

              

      

      
        	 	 	 

        	
              	4.17.3	
                as
                  of the Balance Sheet Date, (1) except for the normal operation,
                  there are
                  no events giving rise to advanced debt maturity; (2) except for
                  the normal
                  operation, there are no any assets of the Company disposed or out
                  of the
                  Company’s control, and the Company does not reach any agreement which
                  might give rise to additional expenditure, nor have any responsibility
                  thereof;

              

      

      
        
          	 	 	 

          	
                	4.17.4	
                  the
                    Company has submitted to tax authorities all required information;
                    and up
                    to the Execution Date of the Agreement, the Company does not
                    have any
                    disputes with tax authorities regarding tax responsibility or
                    potential
                    tax responsibility or tax
                    incentives;

                

        

      

      
        
          
            	 	 	 

          

           

          
            
              
              

            

            
              9

              
                

              

            

            
              
              

            

          

           

          
            	
                  	
                    4.17.5

                  	
                    the
                      Company has the financial documents for normal taxing and tax
                      payment and
                      all the necessary supporting documents for tax incentives with
                      the
                      approval by relevant government departments; and
                      

                  

          

        

      

      
        	 	 	 

        	
              	
                4.17.6

              	
                except
                  for the employee benefit and social welfare insurance in accordance
                  with
                  the Labor Law of China and relevant provisions, the Company does
                  not
                  provide any other incumbent, retire or elderly welfares or
                  insurance.

              

      

      
        	 	 

        	4.18	
                Real
                  holder.
                  The Transferer is the real holder of the equity interests in the
                  Company,
                  and upon the execution of the Agreement, there is no mortgage,
                  pledge,
                  security rights, lien, impediment or other limits in any form to
                  the
                  transferred equity, and the Transferer holds the equity interests
                  only for
                  its own sake in stead of proxy holding for any other third
                  party.

              

      

      
        	 	 

        	4.19	
                Information
                  disclosure.
                  The representations and warranties and statements of fact made
                  in this
                  Agreement are, as applicable, accurate, correct and complete and
                  do not
                  contain any untrue material fact or omission to state any material
                  fact.

              

      

      
        	 	 

        	4.20	
                The
                  Company and the MCN shall make the above representations and warranties
                  to
                  PKU again on the Transfer Date, as the case may
                  be.

              

      

      

      
        
          Article
            5

          Governing
            Structure of the Company after the Equity Transfer

           

        

      

      
        	
                5.1.

              	
                After
                  the close of the Equity Transfer, three (3) individual persons
                  constitute
                  the Board of Directors of the Company, two (2) are recommended
                  by PKU and
                  one (1) by MCN.

              

      

      
        	 	 

        	
                5.2.

              	
                Upon
                  the Equity Transfer, the governing structure of the Company shall
                  be
                  carried out according to the Company Law of the People’s Republic of
                  China.

              

      

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      
        
          Article
            6

          Further
            Guarantee of the Company and the Transferer

           

        

      

      
        	
                6.1

              	
                Corporation
                  Management.
                  During the period from the execution of the Agreement up to the
                  alternation of registration with the Administration for Industry
                  and
                  Commerce accepted by the Parties, unless as is specified in the
                  Agreement
                  and the Exhibits to the Agreement or approved by PKU in written
                  form, the
                  MCN and the Company covenant that the Company
                  will:

              

      

      
        	 	 	 

        	
              	6.1.1.	
                be
                  operating in a normal way. The Company will continue to maintain
                  its
                  relationship with customers so that the Company’s reputation and operation
                  will not be materially adversely affected after the capital increase
                  and
                  the Equity Transfer;

              

      

      
        	 	 	 

        	
              	6.1.2.	
                will
                  not distribute bonus or declare dividends or repurchase shares,
                  nor make
                  any unusual transactions thus incurring unusual liabilities. Except
                  for
                  the ordinary course of business, the Company shall not repay the
                  loan, or
                  disburse trade payables in advance or delay;

              

      

      
        	 	 	 

        	
              	6.1.3.	
                shall
                  pay the account payables due and other liabilities in the ordinary
                  course
                  of business;

              

      

      
        	 	 	 

        	
              	6.1.4.	
                shall
                  perform the contracts, agreements or other documents in respect
                  of the
                  Company’s assets and business in a timely
                  manner;

              

      

      
        	 	 	 

        	
              	6.1.5.	
                shall
                  not, except for the ordinary course of business, reconcile or waive,
                  alter
                  its request or other rights without the written approval by
                  PKU;

              

      

      
        	 	 	 

        	
              	6.1.6.	
                shall
                  try its best to procure from competent authorities all permits
                  and other
                  approvals and consents necessary for its operation, so that the
                  Company
                  can maintain its legal operation;

              

      

      
        	 	 	 

        	
              	6.1.7.	
                shall
                  not separate, nor merger with any third party or acquire the assets
                  or
                  business of a third party;

              

      

      
        	 	 	 

        	
              	6.1.8.	
                shall
                  not breach the representation and warranties of the Agreement through
                  action or omission;

              

      

      
        	 	 	 

        	
              	6.1.9.	
                shall
                  inform PKU of relevant events, facts, conditions, changes or other
                  cases
                  which have had or might have materially adverse impact on the Company
                  in a
                  timely manner;

              

      

      
        	 	 	 

        	
              	6.1.10	
                shall
                  handle the tax affairs of the Company as usual in full compliance
                  with
                  relevant laws and regulations of
                  China.

              

      

      
        
           

          
            
              
              

            

            
              11

              
                

              

            

            
              
              

            

          

           

          
            	6.2	
                    Information
                      collection.
                      During the period from the execution of the Agreement up to
                      the
                      alternation of registration with the Administration for Industry
                      and
                      Commerce, MCN shall provide, at the reasonable request of PKU
                      and its
                      representatives, all relevant documents of the Company to PKU
                      and its
                      representatives during office hours, including but not limited
                      to, provide
                      all necessary accounts, records, contracts, technical documentation,
                      personnel information, management situation and other documents
                      to legal
                      counsel, accountant and other representatives appointed by
                      PKU; in order
                      to assist PKU in reviewing the documents in respect of the
                      Company’s
                      properties, assets and business and those mentioned in the
                      Agreement,
                      MCN
                      and the
                      Company will permit PKU to meet or contact the customers and
                      creditors of
                      the Company. MCN and the Company agree that PKU have the full
                      rights to
                      conduct detailed due diligence investigations in respect of
                      the Company’s
                      financial position, asset conditions and operation status at
                      any time
                      prior to the Equity
                      Transfer.

                  

          

        

      

      

      
        
          Article
            7

          Taxes

           

        

      

      
        	
                7.1

              	
                The
                  Parties shall bear their respective taxes for the performance of
                  the
                  transactions contemplated by the Agreement pursuant to relevant
                  laws and
                  regulations, those not specified at the expense of the
                  Company.

              

      

      

      
        
          Article
            8

          Supplement,
            Modification, Amendment and Termination

           

        

      

      
        	
                8.1

              	
                After
                  the execution of the Agreement, Supplemental Agreement may be made
                  in
                  writing upon mutual consent, which shall take effect upon due execution
                  of
                  the Parties hereto.

              

      

      
        	 	 

        	8.2	
                The
                  Agreement may be modified or amended upon mutual consultation.
                  Any
                  modification or amendment to the Agreement shall be in writing,
                  which
                  shall take effect upon due execution of the Parties
                  hereto.

              

      

      
        	 	 

        	8.3	
                Termination.
                  The Agreement may be terminated as
                  follows:

              

      

      
        	 	 	 

        	 	
                (1)

              	
                The
                  Parties make written agreement to terminate the Agreement and define
                  the
                  effective date of termination;

              

      

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

      
        	 	
                (2)

              	
                One
                  party shall inform the other party in writing of the termination
                  of the
                  Agreement at least ten (10) business days prior to the effective
                  date of
                  termination which shall be contained in the notification, in the
                  event
                  that: 

              

      

      
        	 	 	 

        	 	
                (a)

              	
                the
                  other party’s representation or warranties are found untrue or have
                  material omission when made or on the Transfer Date;
                  

              

      

      
        	 	 	 

        	 	
                (b)

              	
                the
                  other party does not perform the terms, promises and obligations
                  in
                  accordance with the Agreement, and does not take effective remedial
                  actions within ten (10) days upon receipt of written notification
                  from the
                  party. 

              

      

      
        	 	 	 

        	 	
                (3)

              	
                Where
                  the Equity Transfer set forth in Article 2 hereunder can not be
                  performed
                  within one (1) month as of the Transfer Date, PKU has the right
                  to
                  terminate the Agreement.

              

      

      
        	 	 

        	8.4	
                Validity
                  of termination.

              

      

      
        	 	 	 

        	
              	(1)	
                In
                  the event that the Agreement is terminated as pursuant to any clause
                  of
                  Article 8.3, the Agreement shall be null and
                  void;

              

      

      
        	 	 	 

        	
              	(2)	
                Upon
                  the termination of the Agreement, the Parties shall adhere to the
                  principles of equity, fairness and credit and return to the other
                  party
                  the considerations obtained pursuant to the Agreement, trying their
                  best
                  to resume the initial state on execution of the Agreement;
                  

              

      

      
        	 	 	 

        	
              	(3)	
                Upon
                  the termination of the Agreement, all the rights and obligations
                  of the
                  Parties under the Agreement shall be terminated, and one party
                  shall not
                  demand any claim compensation against the other party in respect
                  of the
                  Agreement and its termination, except the responsibilities set
                  out in
                  Article 10 of the Agreement.

              

      

      

      
        
          Article
            9

          Defaults

           

        

      

      
        	
                9.1

              	
                Any
                  breach of or failure to perform its representation, warranties,
                  obligations or responsibilities by one party shall constitute the
                  default.

              

        	 	 

      

      
        	
                9.2

              	
                Unless
                  otherwise specified in the Agreement, in case of any other additional
                  expenses, responsibilities or loss incurred to the other party
                  due to the
                  default of one party, the default party shall indemnify the innocent
                  party
                  for such expenses, responsibilities or losses (including but not
                  limited
                  to interests and counsel fees, paid or lost due to the default).
                  The total
                  amount of the indemnification the default party has to pay to the
                  innocent
                  party shall be equal to the loss due to such default action, and
                  in
                  addition, the default party shall pay the innocent party 20% of
                  such loss
                  due to the default above as
                  penalty.

              

      

      

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      

      
        
          Article
            10

          Force
            Majeure

           

        

      

      
        	
                10.1

              	
                Any
                  delay in or failure of performance by either party of all or any
                  of their
                  obligations under this Agreement shall not constitute a breach
                  hereunder
                  if, and to the extent that such delays or failures are caused by
                  force
                  majeure, provided that necessary remedial measures shall be taken
                  to
                  reduce the damage under proper
                  condition.

              

      

      
        	 	 

        	
                10.2

              	
                The
                  affected party shall inform the other party(ies) of the occurrence
                  of
                  force majeure in writing within three (3) business days after the
                  occurrence of force majeure, and furnish the other party(ies) with
                  descriptions of force majeure and proving documents issued by local
                  competent notaries for such failure of or delay in performance
                  of all or
                  any of its obligations within fifteen (15) business days after
                  the
                  occurrence of the force majeure. It is up to the Parties to determine
                  whether to terminate the Agreement, or partially exempt the performance
                  of
                  the Agreement, or prolong the performance of the Agreement. In
                  the event
                  that the Parties can not reach an agreement within sixty (60) days
                  after
                  the occurrence of force majeure or events, the party affected by
                  force
                  majeure or events has the full right to terminate the Agreement,
                  and any
                  party shall not be liable for the loss caused to other party(ies)
                  thereof.

              

      

      
        	 	 

        	
                10.3

              	
                The
                  force majeure means objective events or circumstances, unpredictable,
                  unavoidable and uncontrollable, which includes earthquake, typhoon,
                  flood,
                  fire, war and other unpredictable, unavoidable and uncontrollable
                  events,
                  and change of any laws, rules and regulations, promulgation of
                  new laws,
                  rules and regulations, or any government act leading to direct
                  influence
                  on the performance of the Agreement or failure to perform the terms
                  and
                  conditions hereunder.

              

      

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      
        
          Article
            11

          Applicable
            Law and Dispute Settlement

           

        

      

      
        	
                11.1

              	
                The
                  execution, validity, interpretation, performance and dispute settlement
                  hereunder shall be governed by and construed in accordance with
                  the laws
                  of China. In case of certain items in respect of the Agreement
                  not
                  stipulated in promulgated laws and regulations of China, such items
                  shall
                  be construed and performed in accordance of generally accepted
                  international business practice in compliance with the laws and
                  regulations of China.

              

      

      
        	 	 

        	
                11.2

              	
                Any
                  dispute arising out of the performance of the Agreement or in connection
                  with the Agreement shall be settled via friendly consultation.
                  In case of
                  any dispute failing friendly settlement within fifteen (15) days
                  after the
                  dispute, either party may submit such dispute to Beijing Arbitration
                  Commission for arbitration as per the prevailing rules and procedures.
                  The
                  arbitration shall be performed in Beijing. The arbitration award
                  shall be
                  final and binding upon all the
                  parties.

              

      

      
        	 	 

        	
                11.3

              	
                During
                  the arbitration, the Parties shall have the remaining rights under
                  the
                  Agreement and continue to perform their respective obligations
                  hereunder.

              

      

      

      
        
          Article
            12

          Notice
            and Delivery

           

        

      

      
        	
                12.1

              	
                Any
                  effective notice or other communication relating to the Agreement
                  between
                  the Parties (“Notice”)
                  shall be in writing (including fax and e-mail) and posted, sent
                  by courier
                  or addressed to that notified party at the address or telephone
                  number
                  hereunder with the name of attention on the
                  Notice.

              

      

      

      PKU

      Attn.:
        Shudong Xia

      Addr:
        Room717, E-Wing Center, No.113, Zhichun Road, Haidian District,
        Beijing

      Post
        code: 100086

      Tel:
        82671299 ext. 8007

      

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      The
        Company & MCN 

      Attn.:

      Addr:

      Post
        code:

      Tel:

      

      
        	
                12.2

              	
                The
                  service time for the Notice shall be determined by the
                  following:

              

      

      
        	 	 	 

        	 	
                12.2.1

              	
                the
                  Notice shall be deemed to have been received if it is personally
                  delivered
                  or sent by courier and the notified party issues the receipt; those
                  without the notified party’s receipt shall not be deemed to have been duly
                  served on;

              

      

      
        	 	 	 

        	 	
                12.2.2

              	
                the
                  Notice, which can be sent by post and shall be delivered through
                  registered express or EMS, shall be deemed to have been received
                  by the
                  notified party on the seventh day after the date of
                  dispatch;

              

      

      
        	 	 	 

        	
              	12.2.3	
                the
                  Notice is deemed as given upon the date on the receipt of fax notice
                  or
                  e-mail.

              

      

      
        	 	 

        	
                12.3

              	
                In
                  case of any change of the above address or telephone number of
                  either
                  party (hereinafter referred to as “Change
                  Party”),
                  the Change Party shall notify other parties within seven (7) days
                  after
                  the change. Where the Change Party does not notify other parties
                  of such
                  change in a timely way, it shall afford any loss or damages incurred
                  to
                  other parties thereof. 

              

      

      

      
        
          Article
            13

          Information
            Disclosure

           

        

      

      
        	
                13.1

              	
                Unless
                  otherwise specified in the Agreement, the terms and conditions
                  hereunder
                  in respect of Equity Transfer (including all terms and conditions
                  hereunder, the Exhibits and any other relevant documents relating
                  to
                  investment) are confidential and shall not be disclosed to any
                  third
                  party. If required by relevant laws, the disclosing party shall
                  discuss
                  with the other party the disclosure and submission of relevant
                  information
                  within reasonable time prior to the disclosure and submission,
                  and where
                  the third party requests such disclosure and submission, the third
                  party
                  shall keep the information as confidential as it can, after the
                  Equity
                  Transfer is performed, the Parties may not be restricted by the
                  fact that
                  such disclosure shall only be made to a third
                  party.

              

      

       

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

      
        
          Article
            14

          Miscellaneous

           

        

      

      
        	
                14.1

              	
                The
                  supplementary exhibits to the Agreement are integral part of the
                  Agreement, and shall have the same legal binding force with the
                  Agreement;
                  in case of discrepancy between the exhibits and the text of the
                  Agreement,
                  the text of the Agreement shall prevail.

              

      

      
        	 	 

        	
                14.2

              	
                In
                  case any provision under the Agreement and the exhibits is found
                  invalid
                  or not enforceable in accordance with applicable laws, such provision
                  shall be deemed as non-existence from the beginning and the remaining
                  provisions maintain effective; the Parties may define new provisions
                  through consultation complying with the laws to bring about the
                  original
                  intention of such provision to the greatest
                  extent.

              

      

      
        	 	 

        	
                14.3

              	
                The
                  Agreement shall also be binding upon the successors and transferees
                  of the
                  Parties, and such successors and transferees may have and hold
                  the shares
                  hereunder.

              

        	 	 

      

      PKU
        may
        assign and transfer its rights, shares and obligations hereunder to its
        affiliated companies, wholly-owned subsidiaries and holding company’s
        wholly-owned subsidiaries. In case of default of PKU or its transferee(s),
        PKU
        or its transferee(s) shall be jointly and severally liable.

      Except
        for the aforesaid provisions, any party shall not assign or transfer any
        of its
        rights or obligations hereunder.

      
        	 	 

        	
                14.4

              	
                Unless
                  otherwise specified in the Agreement, that one party does not perform
                  or
                  delay its performance of its rights, power and privilege does not
                  constitute its waiver of such rights, power and privilege, and
                  single or
                  partial performance of such rights, power and privilege shall not
                  prevent
                  its performance of any other rights, power and
                  privilege.

              

      

      
        	 	 

        	
                14.5

              	
                The
                  Agreement shall be effective with the official seal and the signature
                  by
                  the legal representative or duly authorized representative of each
                  party.

              

      

      
        	 	 

        	
                14.6

              	
                The
                  Agreement is made in five (5) copies of equal validity with PKU
                  holding
                  two (2) copies, the other Parties one (1) copy each and one (1)
                  copy for
                  competent Administration for Industry and
                  Commerce.

              

      

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

      Transferer:
        Beijing Marine Communication & Navigation Company
        (Seal)

       

      /s/
        Hongyi Yang 

      Hongyi
        Yang

      Authorized
        representative

      

      Transferee:
        Beijing PKU ChinaFront Technology Co., Ltd.

       

      /s/
        Shudong Xia 

      Shudong
        Xia

      Authorized
        representative

      

      Company:
        

       

      China
        TranWiseway Information Technology Co., Ltd

       

      /s/
        Yandong Zhang 

      Yandong
        Zhang

      Authorized
        representative

      

      
        
          
          

        

        
          18Exhibit
      4.4

    WARRANT
      AGREEMENT

    

    Agreement
      made as of _____________________, 2008 between New Asia Partners China I
      Corporation, a Delaware corporation, with offices at 1401-02 China Insurance
      Building, 166 Lu Jia Zui Dong Lu, Pudong, Shanghai, 200120 China (“Company”),
      and Continental Stock Transfer & Trust Company, a New York corporation, with
      offices at 17 Battery Place, New York, New York 10004 (“Warrant
      Agent”).

     

    WHEREAS,
      the Company has received binding commitments from New Asia Partners Limited,
      Capital TEN Partners, LLC, Ladenburg Thalmann & Co. Inc. (“Ladenburg”)
      and Morgan
      Joseph & Co. Inc. (“Morgan Joseph” and, collectively, in their capacity
      as holders of Insider Warrants  “the Insiders”) to purchase an
      aggregate of 1,925,000 warrants (“Insider Warrants”) for $1.00 per Insider
      Warrant; and

     

    WHEREAS,
      the Company is engaged in a public offering (“Public Offering”) of Units and, in
      connection therewith, has determined to issue and deliver up to (i) 4,312,500
      Warrants to the public investors (collectively, “Public Warrants”), and (ii)
      375,000 Warrants to Ladenburg and
      Morgan Joseph (together with Ladenburg, the “Representatives”) or their
      designees (“Representatives’ Warrants,” and collectively with the Insider
      Warrants and the Public Warrants, the “Warrants”),
      each of
      such Warrants evidencing the right of the holder thereof to purchase one share
      of the Company’s common stock, par value $.0001 per share (“Common Stock”), for
      $5.00, subject to adjustment as described herein; and

     

    WHEREAS,
      the Company has filed with the Securities and Exchange Commission a Registration
      Statement on Form S-1, No. 333-148612 (“Registration Statement”), for the
      registration, under the Securities Act of 1933, as amended (“Act”) of, among
      other securities, the Warrants and the Common Stock issuable upon exercise
      of
      the Warrants; and

     

    WHEREAS,
      the Company desires the Warrant Agent to act on behalf of the Company, and
      the
      Warrant Agent is willing to so act, in connection with the issuance,
      registration, transfer, exchange, redemption and exercise of the Warrants;
      and

     

    WHEREAS,
      the Company desires to provide for the form and provisions of the Warrants,
      the
      terms upon which they shall be issued and exercised, and the respective rights,
      limitation of rights, and immunities of the Company, the Warrant Agent, and
      the
      holders of the Warrants; and

     

    WHEREAS,
      all acts and things have been done and performed which are necessary to make
      the
      Warrants, when executed on behalf of the Company and countersigned by or on
      behalf of the Warrant Agent, as provided herein, the valid, binding and legal
      obligations of the Company, and to authorize the execution and delivery of
      this
      Agreement.

     

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

     

    1. Appointment
      of Warrant Agent.
      The
      Company hereby appoints the Warrant Agent to act as agent for the Company for
      the Warrants, and the Warrant Agent hereby accepts such appointment and agrees
      to perform the same in accordance with the terms and conditions set forth in
      this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2. Warrants.

     

    2.1 Form
      of Warrant.
      Each
      Warrant shall be issued in registered form only, shall be in substantially
      the
      form of Exhibit A hereto, the provisions of which are incorporated herein and
      shall
      be
      signed by, or bear the facsimile signature of, the Chairman of the Board or
      Chief Executive Officer and Treasurer or Secretary of the Company and shall
      bear
      a facsimile of the Company’s seal. In the event the person whose facsimile
      signature has been placed upon any Warrant shall have ceased to serve in the
      capacity in which such person signed the Warrant before such Warrant is issued,
      it may be issued with the same effect as if he or she had not ceased to be
      such
      at the date of issuance. The warrant certificate for the Insider Warrants shall
      bear the legend set forth in Exhibit B herein.

     

    2.2 Effect
      of Countersignature.
      Unless
      and until countersigned by the Warrant Agent pursuant to this Agreement, a
      Warrant shall be invalid and of no effect and may not be exercised by the holder
      thereof.

     

    2.3 Registration.
      

     

    2.3.1 Warrant
      Register.
      The
      Warrant Agent shall maintain books (“Warrant Register”), for the registration of
      original issuance and the registration of transfer of the Warrants. Upon the
      initial issuance of the Warrants, the Warrant Agent shall issue and register
      the
      Warrants in the names of the respective holders thereof in such denominations
      and otherwise in accordance with instructions delivered to the Warrant Agent
      by
      the Company.

     

    2.3.2 Registered
      Holder.
      Prior to
      due presentment for registration of transfer of any Warrant, the Company and
      the
      Warrant Agent may deem and treat the person in whose name such Warrant shall
      be
      registered upon the Warrant Register (“registered holder”), as the absolute
      owner of such Warrant and of each Warrant represented thereby (notwithstanding
      any notation of ownership or other writing on the Warrant Certificate made
      by
      anyone other than the Company or the Warrant Agent), for the purpose of any
      exercise thereof, and for all other purposes, and neither the Company nor the
      Warrant Agent shall be affected by any notice to the contrary.

     

    2.4 Detachability
      of Warrants. The
      securities comprising the Units will begin separate trading five business days
      following the earlier to occur of expiration of the Representatives’
over-allotment option, their exercise in full or the announcement by the
      Representatives of their intention not to exercise all or any portion of the
      over-allotment option unless the Representatives inform the Company of its
      decision to allow earlier separate trading, but in no event will the
      Representatives allow separate trading of the securities comprising the Units
      until the Company files a Current Report on Form 8-K which includes an audited
      balance sheet reflecting the receipt by the Company of the gross proceeds of
      the
      Public Offering including the proceeds received by the Company from the exercise
      of the Representatives’ over-allotment option, if the over-allotment option is
      exercised prior to the filing of the Form 8-K.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.5 Insider
      Warrants.
      The
      Insider Warrants will be issued in the same form as the Public Warrants and
      the
      Representatives’ Warrants but they (i) will not be transferable or salable until
      the later of ___________, 2009 or thirty (30) days after the date on which
      the
      Company completes a business combination,
      except
      (A) if the Insider is an entity, to such Insider’s members or owners in
      proportion to their membership interest or upon its liquidation, (B) if the
      Insider is an individual, by gift to a member of such Insider’s immediate family
      or to a trust, the beneficiary of which is the Insider or a member of his or
      her
      immediate family, (C) by virtue of the laws of descent and distribution upon
      death of an Insider, (D) pursuant to a qualified domestic relations order or
      (E)
      in the case of Ladenburg and Morgan Joseph, to their respective officers,
      partners, employees or other affiliates; provided, however, that such transfers
      may be implemented only upon the respective transferee’s written agreement to be
      bound by the terms and conditions of this agreement and of the Insider Letter
      signed by the undersigned, and (ii) will be exercisable on a cashless
      basis and will not be redeemable by the Company if they are still held by the
      Insiders or their affiliates or permitted transferees.

     

    3. Terms
      and Exercise of Warrants.

     

    3.1 Warrant
      Price.
      Each
      Warrant shall, when countersigned by the Warrant Agent, entitle the registered
      holder thereof, subject to the provisions of such Warrant and of this Warrant
      Agreement, to purchase from the Company the number of shares of Common Stock
      stated therein,
      at the price of $5.00 per whole share, subject to the adjustments provided
      in
      Section 4 hereof and in the last sentence of this Section 3.1. The term “Warrant
      Price” as used in this Warrant Agreement refers to the price per share at which
      Common Stock may be purchased at the time a Warrant is exercised. The Company
      in
      its sole discretion may lower the Warrant Price at any time prior to the
      Expiration Date for a period of not less than 10 business days; provided,
      however, that any such reduction shall be identical in percentage terms among
      all of the Warrants.

     

    3.2 Duration
      of Warrants.
      A
      Warrant may be exercised only during the period (“Exercise Period”) commencing
      on the later of (i) the consummation by the Company of a merger, capital stock
      exchange, asset acquisition or other similar business combination (“Business
      Combination”) (as described more fully in the Company’s Amended and Restated
      Certificate of Incorporation) and (ii) __________, 2009, and terminating at
      5:00 p.m., New York City time on the earlier to occur of (i)
      ___________, 2013 or (ii) the date fixed for redemption of the Warrants as
      provided in Section 6 of this Agreement (“Expiration Date”). Except with respect
      to the right to receive the Redemption Price (as set forth in Section 6
      hereunder), each Warrant not exercised on or before the Expiration Date shall
      become void, and all rights thereunder and all rights in respect thereof under
      this Agreement shall cease at the close of business on the Expiration Date.
      The
      Company in its sole discretion may extend the duration of the Warrants by
      delaying the Expiration Date; provided, however, that the Company will provide
      notice to registered holders of the Warrants of such extension of not less
      than
      20 days prior to such extension.

     

    3.3 Exercise
      of Warrants.
      

     

    3.3.1 Payment.
      Subject
      to the provisions of the Warrant and this Warrant Agreement, a Warrant, when
      countersigned by the Warrant Agent, may be exercised by the registered holder
      thereof by surrendering it, at the office of the Warrant Agent, or at the office
      of its successor as Warrant Agent, in the Borough of Manhattan, City and State
      of New York, with the subscription form, as set forth in the Warrant, duly
      executed, and by paying in full the Warrant Price for each full share of Common
      Stock as to which the Warrant is exercised and any and all applicable taxes
      due
      in connection with the exercise of the Warrant, as follows:

     

    (a) in
      cash,
      good certified check or good bank draft payable to the order of the Company
      (or
      as otherwise agreed to by the Company); or 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (b) with
      respect to any Insider Warrants, by surrendering such Insider Warrants for
      that
      number of shares of Common Stock equal to the quotient obtained by dividing
      (x)
      the product of the number of shares of Common Stock underlying the Warrants,
      multiplied by the difference between the exercise price of the Warrants and
      the
“Fair Market Value” (defined below) by (y) the Fair Market Value; provided,
      however, that the Fair Market Value is greater than the exercise price of the
      Warrants. Solely for purposes of this Section 3.3.1(b), the “Fair Market Value”
shall mean the average reported last sale price of the Common Stock for the
      five
      trading days ending on the trading day prior to the date on which the Insider
      Warrants are exercised.

     

    3.3.2 Issuance
      of Certificates.
      As soon
      as practicable after the exercise of any Warrant and the clearance of the funds
      in payment of the Warrant Price, the Company shall issue to the registered
      holder of such Warrant a certificate or certificates for the number of full
      shares of
      Common
      Stock to which such holder is entitled, registered in such name or names as
      may
      be directed by him, her or it, and if such Warrant shall not have been exercised
      in full, a new countersigned Warrant for the number of shares as to which such
      Warrant shall not have been exercised. Notwithstanding the foregoing, the
      Company shall not be obligated to deliver any securities pursuant to the
      exercise of a Public Warrant or the Representatives’ Warrants and shall have no
      obligation to settle the Warrant exercise unless a registration statement under
      the Act with respect to the Common Stock to be issued upon exercise of such
      Warrant is effective and a prospectus thereunder relating to such Common Stock
      is current, subject to the Company’s satisfying its obligations under Section
      7.4 to use its best efforts. In the event that a registration statement with
      respect to the Common Stock underlying a Public Warrant or a Representatives’
Warrant is not effective under the Act, the holder of such Public Warrant or
      a
      Representatives’ Warrant shall not be entitled to exercise such Warrant and such
      Warrant may have no value and expire worthless. In no event will the Company
      be
      required to net cash settle the Warrant exercise. Public Warrants and
      Representatives’ Warrants may not be exercised by, or securities issued to, any
      registered holder in any state in which such exercise would be unlawful. The
      shares of Common Stock issuable upon exercise of Insider Warrants shall be
      unregistered shares and certificates for such shares shall bear the legend
      set
      forth in Exhibit C herein. In the event that a registration statement is not
      effective for the exercised Public Warrants and Representatives’ Warrants, the
      purchaser of a Unit containing such Warrant, will have paid the full purchase
      price for the Unit solely for the shares included in such Unit.

     

    3.3.3 Valid
      Issuance.
      All
      shares of Common Stock issued upon the proper exercise of a Warrant in
      conformity with this Agreement shall be validly issued, fully paid and
      nonassessable.

     

    3.3.4 Date
      of Issuance.
      Each
      person in whose name any such certificate for shares of Common Stock is issued
      shall for all purposes be deemed to have become the holder of record of such
      shares on the date on which the Warrant was surrendered and payment of the
      Warrant Price was made, irrespective of the date of delivery of such
      certificate, except that, if the date of such surrender and payment is a date
      when the stock transfer books of the Company are closed, such person shall
      be
      deemed to have become the holder of such shares at the close of business on
      the
      next succeeding date on which the stock transfer books are open.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4. Adjustments.

     

    4.1 Stock
      Dividends - Split-Ups.
      If
      after the date hereof, and subject to the provisions of Section 4.6 below,
      the
      number of outstanding shares of Common Stock is increased by a stock dividend
      payable in shares of Common Stock, or by a split—up of shares of Common Stock,
      or other similar event, then, on the effective date of such stock dividend,
      split—up or similar event, the number of shares of Common Stock issuable on
      exercise of each Warrant shall be increased in proportion to such increase
      in
      outstanding shares of Common Stock.

     

    4.2 Aggregation
      of Shares.
      If
      after the date hereof, and subject to the provisions of Section 4.6, the number
      of outstanding shares of Common Stock is decreased by a consolidation,
      combination, reverse stock split or reclassification of shares of Common Stock
      or other similar event, then, on the effective date of such consolidation,
      combination, reverse stock split, reclassification or similar event, the number
      of shares of Common Stock issuable on exercise of each Warrant shall be
      decreased in proportion to such decrease in outstanding shares of Common
      Stock.

     

    4.3 Adjustments
      in Exercise Price.
      Whenever the number of shares of Common Stock purchasable upon the exercise
      of
      the Warrants is adjusted, as provided in Section 4.1 and 4.2 above, the Warrant
      Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price
      immediately prior to such adjustment by a fraction (x) the numerator of which
      shall be the number of shares of Common Stock purchasable upon the exercise
      of
      the Warrants immediately prior to such adjustment, and (y) the denominator
      of
      which shall be the number of shares of Common Stock so purchasable immediately
      thereafter.

     

    4.4 Replacement
      of Securities upon Reorganization, etc.
      In case
      of any reclassification or reorganization of the outstanding shares of Common
      Stock (other than a change covered by Section 4.1 or 4.2 hereof or that solely
      affects the par value of such shares of Common Stock), or in the case of any
      merger or consolidation of the Company with or into another corporation (other
      than a consolidation or merger in which the Company is the continuing
      corporation and that does not result in any reclassification or reorganization
      of the outstanding shares of Common Stock), or in the case of any sale or
      conveyance to another corporation or entity of the assets or other property
      of
      the Company as an entirety or substantially as an entirety in connection with
      which the Company is dissolved, the Warrant holders shall thereafter have the
      right to purchase and receive, upon the basis and upon the terms and conditions
      specified in the Warrants and in lieu of the shares of Common Stock of the
      Company immediately theretofore purchasable and receivable upon the exercise
      of
      the rights represented thereby, the kind and amount of shares of stock or other
      securities or property (including cash)receivable upon such reclassification,
      reorganization, merger or consolidation, or upon a dissolution following any
      such sale or transfer, that the Warrant holder would have received if such
      Warrant holder had exercised his, her or its Warrant(s) immediately prior to
      such event; and if any reclassification also results in a change in shares
      of
      Common Stock covered by Section 4.1 or 4.2, then such adjustment shall be made
      pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.4. The provisions of
      this
      Section 4.4 shall similarly apply to successive reclassifications,
      reorganizations, mergers or consolidations, sales or other
      transfers.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.5 Notices
      of Changes in Warrant.
      Upon
      every adjustment of the Warrant Price or the number of shares issuable upon
      exercise of a Warrant, the Company shall give written notice thereof to the
      Warrant Agent, which notice shall state the Warrant Price resulting from such
      adjustment and the increase or decrease, if any, in the number of shares
      purchasable at such price upon the exercise of a Warrant, setting forth in
      reasonable detail the method of calculation and the facts upon which such
      calculation is based. Upon the occurrence of any event specified in Sections
      4.1, 4.2, 4.3 or 4.4, then, in any such event, the Company shall give written
      notice to each Warrant holder, at the last address set forth for such holder
      in
      the warrant register, of the record date or the effective date of the event.
      Failure to give such notice, or any defect therein, shall not affect the
      legality or validity of such event.

     

    4.6 No
      Fractional Shares.
      Notwithstanding any provision contained in this Warrant Agreement to the
      contrary, the Company shall not issue fractional shares upon exercise of
      Warrants. If, by reason of any adjustment made pursuant to this Section 4,
      the
      holder of any Warrant would be entitled, upon the exercise of such Warrant,
      to
      receive a fractional interest in a share, the Company shall, upon such exercise,
      round up or down to the nearest whole number the number of the shares of Common
      Stock to be issued to the Warrant holder.

     

    4.7 Form
      of Warrant.
      The
      form of Warrant need not be changed because of any adjustment pursuant to this
      Section 4, and Warrants issued after such adjustment may state the same Warrant
      Price and the same number of shares as is stated in the Warrants initially
      issued pursuant to this Agreement. However, the Company may at any time in
      its
      sole discretion make any change in the form of Warrant that the Company may
      deem
      appropriate and that does not affect the substance thereof, and any Warrant
      thereafter issued or countersigned, whether in exchange or substitution for
      an
      outstanding Warrant or otherwise, may be in the form as so changed.

     

    5. Transfer
      and Exchange of Warrants.

     

    5.1 Registration
      of Transfer.
      The
      Warrant Agent shall register the transfer, from time to time, of any outstanding
      Warrant upon the Warrant Register, upon surrender of such Warrant for transfer,
      properly endorsed with signatures properly guaranteed and accompanied by
      appropriate instructions for transfer. Upon any such transfer, a new Warrant
      representing an equal aggregate number of Warrants shall be issued and the
      old
      Warrant shall be cancelled by the Warrant Agent. The Warrants so cancelled
      shall
      be delivered by the Warrant Agent to the Company from time to time upon
      request.

     

    The
      Insider Warrants may not be sold or transferred (except in certain cases) until
      30 days after the Company consummates a Business Combination.

     

    5.2 Procedure
      for Surrender of Warrants.
      Warrants may be surrendered to the Warrant Agent, together with a written
      request for exchange or transfer, and thereupon the Warrant Agent shall issue
      in
      exchange therefor one or more new Warrants as requested by the registered holder
      of the Warrants so surrendered, representing an equal aggregate number of
      Warrants; provided, however, that in the event that a Warrant surrendered for
      transfer bears a restrictive legend, the Warrant Agent shall not cancel such
      Warrant and issue new Warrants in exchange therefor until the Warrant Agent
      has
      received an opinion of counsel for the Company stating that such transfer may
      be
      made and indicating whether the new Warrants must also bear a restrictive
      legend.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    5.3 Fractional
      Warrants.
      The
      Warrant Agent shall not be required to effect any registration of transfer
      or
      exchange which will result in the issuance of a warrant certificate for a
      fraction of a warrant.

     

    5.4 Service
      Charges.
      No
      service charge shall be made for any exchange or registration of transfer of
      Warrants.

     

    5.5 Warrant
      Execution and Countersignature.
      The
      Warrant Agent is hereby authorized to countersign and to deliver, in accordance
      with the terms of this Agreement, the Warrants required to be issued pursuant
      to
      the provisions of this Section 5, and the Company, whenever required by the
      Warrant Agent, will supply the Warrant Agent with Warrants duly executed on
      behalf of the Company for such purpose.

     

    6. Redemption.

     

    6.1 Redemption.
      Subject
      to Section 6.4 hereof, the Public Warrants and Representatives’
      Warrants
      may be redeemed, at the option of the Company in whole or in part, at any time
      after they become exercisable and prior to their expiration, at the office
      of
      the Warrant Agent, upon the notice referred to in Section 6.2, at the price
      of
      $.01 per the Public Warrants and Representatives’
      Warrant
      (“Redemption Price”), provided that the last sales price of the Common Stock has
      been at least $11.50 per share, on each of twenty (20) trading days within
      any
      thirty (30) trading day period ending on the third business day prior to the
      date on which notice of redemption is given. Notwithstanding anything to the
      contrary contained herein, the Company shall not call the Warrants for
      redemption unless there is an effective registration statement under the Act
      relating to the shares of Common Stock issuable upon exercise of the
Public
      Warrants and Representatives’
      Warrants and a current prospectus is available for use throughout the “30-day
      redemption period” (defined below).

     

    6.2 Date
      Fixed for, and Notice of Redemption.
      In the
      event the Company shall elect to redeem all of the Public Warrants and
Representatives’
      Warrants,
      the Company shall fix a date for the redemption. Notice of redemption shall
      be
      mailed by first class mail, postage prepaid, by the Company not less than 30
      days prior to the date fixed for redemption (“30-day redemption period”) to the
      registered holders of the Public Warrants and Representatives’
      Warrants
      to be redeemed at their last addresses as they shall appear on the registration
      books. Any notice mailed in the manner herein provided shall be conclusively
      presumed to have been duly given whether or not the registered holder received
      such notice.

     

    6.3 Exercise
      After Notice of Redemption.
      The
      Public Warrants and Representatives’
      Warrants
      may be exercised, for cash at any time after notice of redemption shall have
      been given by the Company pursuant to Section 6.2 hereof and prior to the time
      and date fixed for redemption. On and after the redemption date, the record
      holders of such Warrants shall have no further rights except to receive, upon
      surrender of the Public Warrants and Representatives’
      Warrants,
      the Redemption Price.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    6.4 Exclusion
      of Certain Warrants.
      The
      Company understands that the redemption rights provided for by this Section
      6
      apply only to outstanding Public Warrants and Representatives’
      Warrants.
      To the extent a person holds rights to purchase such Warrants, such purchase
      rights shall not be extinguished by redemption. However, once such purchase
      rights are exercised, the Company may redeem the Public Warrants and
Representatives’
      Warrants
      issued upon such exercise provided that the criteria for redemption is met.
      The
      provisions of this Section 6.4 may not be modified, amended or deleted without
      the prior written consent of the Representatives.

     

    7. Other
      Provisions Relating to Rights of Holders of Warrants.

     

    7.1 No
      Rights as Stockholder.
      A
      Warrant does not entitle the registered holder thereof to any of the rights
      of a
      stockholder of the Company, including, without limitation, the right to receive
      dividends, or other distributions, exercise any preemptive rights to vote or
      to
      consent or to receive notice as stockholders in respect of the meetings of
      stockholders or the election of directors of the Company or any other
      matter.

     

    7.2 Lost,
      Stolen, Mutilated, Destroyed Warrants.
      If any
      Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant
      Agent may on such terms as to indemnity or otherwise as they may in their
      discretion impose (which shall, in the case of a mutilated Warrant, include
      the
      surrender thereof), issue a new Warrant of like denomination, tenor, and date
      as
      the Warrant so lost, stolen, mutilated, or destroyed. Any such new Warrant
      shall
      constitute a substitute contractual obligation of the Company, whether or not
      the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any
      time
      enforceable by anyone.

     

    7.3 Reservation
      of Common Stock.
      The
      Company shall at all times reserve and keep available a number of its authorized
      but unissued shares of Common Stock that will be sufficient to permit the
      exercise in full of all outstanding Warrants issued pursuant to this
      Agreement.

     

    7.4 Registration
      of Common Stock.
      The
      Company agrees that prior to the commencement of the Exercise Period, it shall
      file with the Securities and Exchange Commission a post—effective amendment to
      the Registration Statement, or a new registration statement, for the
      registration, under the Act, of, and it shall use its best efforts to take
      such
      action as is necessary to qualify for sale, in those states in which the Public
      Warrants and Representatives’
      Warrants
      were initially offered by the Company, the Common Stock issuable upon exercise
      of the Public Warrants and Representatives’
      Warrants.
      In either case, the Company will use its best efforts to cause the same to
      become effective and to maintain the effectiveness of such registration
      statement until the expiration of the Public Warrants and Representatives’
      Warrants
      in accordance with
      the
      provisions of this Agreement. The provisions of this Section 7.4 may not be
      modified, amended or deleted without the prior written consent of the
      Representatives.

     

    8. Concerning
      the Warrant Agent and Other Matters.

     

    8.1 Payment
      of Taxes.
      The
      Company will from time to time promptly pay all taxes and charges that may
      be
      imposed upon the Company or the Warrant Agent in respect of the issuance or
      delivery of shares of Common Stock upon the exercise of Warrants, but the
      Company shall not be obligated to pay any transfer taxes in respect of the
      Warrants or such shares.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    8.2 Resignation,
      Consolidation, or Merger of Warrant Agent.

     

    8.2.1 Appointment
      of Successor Warrant Agent.
      The
      Warrant Agent, or any successor to it hereafter appointed, may resign its duties
      and be discharged from all further duties and liabilities hereunder after giving
      sixty (60) days’ notice in writing to the Company. If the office of the Warrant
      Agent becomes vacant by resignation or incapacity to act or otherwise, the
      Company shall appoint in writing a successor Warrant Agent in place of the
      Warrant Agent. If the Company shall fail to make such appointment within a
      period of 30 days after it has been notified in writing of such resignation
      or
      incapacity by the Warrant Agent or by the holder of the Warrant (who shall,
      with
      such notice, submit his Warrant for inspection by the Company), then the holder
      of any Warrant may apply to the Supreme Court of the State of New York for
      the
      County of New York for the appointment of a successor Warrant Agent at the
      Company’s cost. Any successor Warrant Agent, whether appointed by the Company or
      by such court, shall be a corporation organized and existing under the laws
      of
      the State of New York, in good standing and having its principal office in
      the
      Borough of Manhattan, City and State of New York, and authorized under such
      laws
      to exercise corporate trust powers and subject to supervision or examination
      by
      federal or state authority. After appointment, any successor Warrant Agent
      shall
      be vested with all the authority, powers, rights, immunities, duties, and
      obligations of its predecessor Warrant Agent with like effect as if originally
      named as Warrant Agent hereunder, without any further act or deed; but if for
      any reason it becomes necessary or appropriate, the predecessor Warrant Agent
      shall execute and deliver, at the expense of the Company, an instrument
      transferring to such successor Warrant Agent all the authority, powers, and
      rights of such predecessor Warrant Agent hereunder; and upon request of any
      successor Warrant Agent the Company shall make, execute, acknowledge, and
      deliver any and all instruments in writing for more fully and effectually
      vesting in and confirming to such successor Warrant Agent all such authority,
      powers, rights, immunities, duties, and obligations.

     

    8.2.2 Notice
      of Successor Warrant Agent.
      In the
      event a successor Warrant Agent shall be appointed, the Company shall give
      notice thereof to the predecessor Warrant Agent and the transfer agent for
      the
      Common Stock not later than the effective date of any such
      appointment.

     

    8.2.3 Merger
      or Consolidation of Warrant Agent.
      Any
      corporation into which the Warrant Agent may be merged or with which it may
      be
      consolidated or any corporation resulting from any merger or consolidation
      to
      which the Warrant Agent shall be a party shall be the successor Warrant Agent
      under this Agreement without any further act.

     

    8.3 Fees
      and Expenses of Warrant Agent.

     

    8.3.1 Remuneration.
      The
      Company agrees to pay the Warrant Agent reasonable remuneration for its services
      as such Warrant Agent hereunder and will reimburse the Warrant Agent upon demand
      for all expenditures that the Warrant Agent may reasonably incur in the
      execution of its duties hereunder.

     

    8.3.2 Further
      Assurances.
      The
      Company agrees to perform, execute, acknowledge, and deliver or cause to be
      performed, executed, acknowledged, and delivered all such further and other
      acts, instruments, and assurances as may reasonably be required by the Warrant
      Agent for the carrying out or performing of the provisions of this
      Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    8.4 Liability
      of Warrant Agent.

     

    8.4.1 Reliance
      on Company Statement.
      Whenever
      in the performance of its duties under this Warrant Agreement, the Warrant
      Agent
      shall deem it necessary or desirable that any fact or matter be proved or
      established by the Company prior to taking or suffering any action hereunder,
      such fact or matter (unless other evidence in respect thereof be herein
      specifically prescribed) may be deemed to be conclusively proved and established
      by a statement signed by the President or Chairman of the Board of the Company
      and delivered to the Warrant Agent. The Warrant Agent may rely upon such
      statement for any action taken or suffered in good faith by it pursuant to
      the
      provisions of this Agreement.

     

    8.4.2 Indemnity.
      The
      Warrant Agent shall be liable hereunder only for its own negligence, willful
      misconduct or bad faith. The Company agrees to indemnify the Warrant Agent
      and
      save it harmless against any and all liabilities, including judgments, costs
      and
      reasonable counsel fees, for anything done or omitted by the Warrant Agent
      in
      the execution of this Agreement except as a result of the Warrant Agent’s
      negligence, willful misconduct, or bad faith.

     

    8.4.3 Exclusions.
      The
      Warrant Agent shall have no responsibility with respect to the validity of
      this
      Agreement or with respect to the validity or execution of any Warrant (except
      its countersignature thereof); nor shall it be responsible for any breach by
      the
      Company of any covenant or condition contained in this Agreement or in any
      Warrant; nor shall it be responsible to make any adjustments required under
      the
      provisions of Section 4 hereof or responsible for the manner, method, or amount
      of any such adjustment or the ascertaining of the existence of facts that would
      require any such adjustment; nor shall it by any act hereunder be deemed to
      make
      any representation or warranty as to the authorization or reservation of any
      shares of Common Stock to be issued pursuant to this Agreement or any Warrant
      or
      as to whether any shares of Common Stock will when issued be valid and fully
      paid and nonassessable.

     

    8.5 Acceptance
      of Agency.
      The
      Warrant Agent hereby accepts the agency established by this Agreement and agrees
      to perform the same upon the terms and conditions herein set forth and among
      other things, shall account promptly to the Company with respect to Warrants
      exercised and concurrently account for, and pay to the Company, all moneys
      received by the Warrant Agent for the purchase of shares of Common Stock through
      the exercise of Warrants. 

     

    9.
      Miscellaneous Provisions.

     

    9.1 Successors.
      All the
      covenants and provisions of this Agreement by or for the benefit of the Company
      or the Warrant Agent shall bind and inure to the benefit of their respective
      successors and assigns.

     

    9.2 Notices.
      Any
      notice, statement or demand authorized by this Warrant Agreement to be given
      or
      made by the Warrant Agent or by the holder of any Warrant to or on the Company
      shall be sufficiently given when so delivered if by hand or overnight delivery
      or if sent by certified mail or private courier service within five days after
      deposit of such notice, postage prepaid, addressed (until another address is
      filed in writing by the Company with the Warrant Agent), as
      follows:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    New
      Asia
      Partners China I Corporation

    1401-02
      China Insurance Building

    166
      Lu
      Jia Zui Dong Lu

    Pudong,
      Shanghai, 200120, China

    Attn:
      Chief Executive Officer

    

    Any
      notice, statement or demand authorized by this Agreement to be given or made
      by
      the holder of any Warrant or by the Company to or on the Warrant Agent shall
      be
      sufficiently given when so delivered if by hand or overnight delivery or if
      sent
      by certified mail or private courier service within five days after deposit
      of
      such notice, postage prepaid, addressed (until another address is filed in
      writing by the Warrant Agent with the Company), as follows:

    

    Continental
      Stock Transfer & Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Compliance Department

    

    with
      a
      copy in each case to:

    

    Blank
      Rome LLP

    The
      Chrysler Building

    405
      Lexington Avenue

    New
      York,
      New York

    Attn:
      Robert J. Mittman, Esq.

     

    and

    

    Graubard
      Miller

    The
      Chrysler Building

    405
      Lexington Avenue

    New
      York,
      New York 10174

    Attn:
      David Alan Miller, Esq.

    

    and

    

    Ladenburg
      Thalmann & Co. Inc.

    4400
      Biscayne Blvd.

    14th
      Floor

    Miami,
      Florida 33137

    Attn:
      Mr.
      James Cassel

    

    and

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Morgan
      Joseph & Co. Inc.

    600
      Fifth
      Avenue, 19th
      Floor
      (HQ)

    New
      York,
      New York 10020

    Attn:
      Ms.
      Tina Pappas

    

    9.3 Applicable
      law.
      The
      validity, interpretation, and performance of this Agreement and of the Warrants
      shall be governed in all respects by the laws of the State of New York, without
      giving effect to conflicts of law principles that would result in the
      application of the substantive laws of another jurisdiction. The Company hereby
      agrees that any action, proceeding or claim against it arising out of or
      relating in any way to this Agreement shall be brought and enforced in the
      courts of the State of New York or the United States District Court for the
      Southern District of New York, and irrevocably submits to such jurisdiction,
      which jurisdiction shall be exclusive. The Company hereby waives any objection
      to such exclusive jurisdiction and that such courts represent an inconvenience
      forum. Any such process or summons to be served upon the Company may be served
      by transmitting a copy thereof by registered or certified mail, return receipt
      requested, postage prepaid, addressed to it at the address set forth in Section
      9.2 hereof. Such mailing shall be deemed personal service and shall be legal
      and
      binding upon the Company in any action, proceeding or claim.

     

    9.4 Persons
      Having Rights under this Agreement.
      Nothing
      in this Agreement expressed and nothing that may be implied from any of the
      provisions hereof is intended, or shall be construed, to confer upon, or give
      to, any person or corporation other than the parties hereto and the registered
      holders of the Warrants and, for the purposes of Sections 6.4, 7.4 and 9.2
      hereof, Ladenburg or Morgan Joseph, any right, remedy, or claim under or by
      reason of this Warrant Agreement or of any covenant, condition, stipulation,
      promise, or agreement hereof. The Representatives shall be deemed to be third
      party beneficiaries of this Agreement with respect to Sections 6.4, 7.4 and
      9.2
      hereof. All covenants, conditions, stipulations, promises, and agreements
      contained in this Warrant Agreement shall be for the sole and exclusive benefit
      of the parties hereto (and the Representatives with respect to the Sections
      6.4,
      7.4 and 9.2 hereof) and their successors and assigns and of the registered
      holders of the Warrants.

     

    9.5 Examination
      of the Warrant Agreement.
      A copy
      of this Agreement shall be available at all reasonable times at the office
      of
      the Warrant Agent in the Borough of Manhattan, City and State of New York,
      for
      inspection by the registered holder of any Warrant. The Warrant Agent may
      require any such holder to submit his Warrant for inspection by it.

     

    9.6 Counterparts.
      This
      Agreement may be executed in any number of original or facsimile counterparts
      and each of such counterparts shall for all purposes be deemed to be an
      original, and all such counterparts shall together constitute but one and the
      same instrument.

     

    9.7 Effect
      of Headings.
      The
      Section headings herein are for convenience only and are not part of this
      Warrant Agreement and shall not affect the interpretation thereof.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.8 Amendments.
      This
      Agreement may be amended by the parties hereto without the consent of any
      registered holder for the purpose of curing any ambiguity, or of curing,
      correcting or supplementing any defective provision contained herein or adding
      or changing any other provisions with respect to matters or questions arising
      under this Agreement as the parties may deem necessary or desirable and that
      the
      parties deem shall not adversely affect the interest of the registered holders.
      All other modifications or amendments, including any amendment to increase
      the
      Warrant Price or shorten the Exercise Period, shall require the written consent
      of the registered holders of a majority of the then outstanding Warrants.
      Notwithstanding the foregoing, the Company may lower the Warrant Price (provided
      that any such price reduction shall be in effect for at least ten (10) business
      days) or extend the duration of the Exercise Period pursuant to Sections 3.1
      and
      3.2, respectively, without the consent of the registered holders.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    

    
      	 	
              NEW
                ASIA PARTNERS CHINA I

              CORPORATION

            
	 	 
	 	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            
	 	 
	 	
              CONTINENTAL
                STOCK TRANSFER &

              TRUST
                COMPANY

            
	 	 
	 	
              By:

            	 
	 	
                  
                Name:

            
	 	
                  
                Title:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    Form
      of Warrant

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      B

    

    Legend
      for Insider Warrants

    

    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE (INCLUDING THE SHARES OF COMMON
      STOCK
      OF THE COMPANY ISSUABLE UPON EXERCISE OF SUCH SECURITIES) HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED OR ANY STATE SECURITIES
      LAWS, 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.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      C

    

    Legend
      for Common Stock Issuable Upon Exercise of Insider
      Warrants

    

    THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED OR ANY STATE SECURITIES LAWS, 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.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}]]