Document:

Exhibit
10.1

 

______________________,
2014                             

 

DT Asia
Investments Limited

Room 1102,
11/F.,

Beautiful
Group Tower,

77 Connaught
Road Central,

Hong Kong

 

EarlyBirdCapital,
Inc.

275
Madison Avenue, 27th Floor

New
York, New York 10016

 

	Re:	      Initial
    Public Offering	 

 

Gentlemen:

 

This
letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into by and between DT Asia Investments Limited, a British Virgin Islands Company (the “Company”),
and EarlyBirdCapital, Inc., as Representative (the “Representative”) of the several Underwriters named
in Schedule 1 thereto (the “Underwriters”), relating to an underwritten initial public offering (the
“IPO”) of the Company’s units (the “Units”), each comprised of one ordinary
share, no par value in the Company (the “Ordinary Shares”), one right (“Right”)
to receive one-tenth of one Ordinary Share upon consummation of the Company’s initial Business Combination and one warrant
(the “Warrant”) to purchase one-half of one Ordinary Share. Certain capitalized terms used herein are
defined in paragraph 16 hereof.

 

In
order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in
recognition of the benefit that such IPO will confer upon the undersigned as a shareholder of the Company, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the
Company as follows:

 

1.          If
the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all Ordinary Shares beneficially
owned by him, her or it, whether acquired before, in or after the IPO, in favor of such Business Combination.

 

2.          (a)
In the event that the Company fails to consummate a Business Combination within 18 months from the closing of the Company’s
IPO, the undersigned shall take all reasonable steps to (i) cause the Trust Fund to be liquidated and distributed to the holders
of IPO Shares and (ii) cause the Company to liquidate as soon as reasonably practicable.

 

    	 

    	 

    

 

(b)       The
undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Fund
and any remaining net assets of the Company as a result of such liquidation with respect to his, her or its Insider Shares, Private
Units, or Sponsor Warrants (“Claim”) and hereby waives any Claim the undersigned may have in the future
as a result of, or arising out of, any contracts or agreements with the Company and will not seek recourse against the Trust Fund
for any reason whatsoever. The undersigned acknowledges and agrees that there will be no distribution from the Trust Fund with
respect to any Rights or Warrants, which will terminate on the Company’s liquidation.

 

(c)       In
the event of the liquidation of the Trust Fund, Winnie Lai Ling Ng agrees to indemnify and hold harmless the Company against any
and all loss, liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses
reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any claim
whatsoever) which the Company may become subject as a result of any claim by any vendor or other person who is owed money by the
Company for services rendered or products sold to or contracted for the Company, or by any target business with which the Company
has discussed entering into a transaction agreement, but only to the extent necessary to ensure that such loss, liability, claim,
damage or expense does not reduce the amount of funds in the Trust Fund; provided that such indemnity shall not apply if
such vendor or prospective target business executes an agreement waiving any claims against the Trust Fund.

 

3.         The
undersigned will escrow all of his, her or its Insider Shares pursuant to the terms of a Share Escrow Agreement which the Company
will enter into with the undersigned and an escrow agent acceptable to the Company.

 

4.         [Intentionally
Omitted].

 

5.         In
order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned directors and officers
of the Company agree to present to the Company for its consideration, prior to presentation to any other person or entity, any
suitable opportunity to acquire a target business, until the earlier of the consummation by the Company of a Business Combination
or the liquidation of the Company, subject to any pre-existing fiduciary and contractual obligations the undersigned directors
and officers might have.

 

6.         The
undersigned acknowledges and agrees that prior to entering into a Business Combination with a target business that is affiliated
with any Insiders of the Company or their affiliates, such transaction must be approved by a majority of the Company’s disinterested
independent directors and the Company must obtain an opinion from an independent investment banking firm that such Business Combination
is fair to the Company’s unaffiliated shareholders from a financial point of view.

 

    	2

    	 

    

 

7.         Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive
and will not accept any compensation or other cash payment for services rendered prior to, or in order to effectuate, the consummation
of the Business Combination; provided that the Company shall be allowed to (i) repay working capital loans made by the
undersigned to the Company in cash upon consummation of the Business Combination or, at the undersigned’s discretion, with
respect to up to an aggregate of $500,000 of working capital loans from all lenders, by converting such loans into units at a
price of $10.00 per unit, as more fully described in the Registration Statement, (ii) repay a non-interest bearing loan in an
aggregate amount of $[ ] made to the Company by DeTiger Holdings Limited (“DHL”) to cover the IPO expenses, (iii)
pay $10,000 per month to DHL for office space and related services and (iv) reimburse the undersigned and any affiliate of the
undersigned for their out-of-pocket expenses incurred in connection with identifying, investigating and consummating a Business
Combination.

 

8.         Neither
the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive
or accept a finder’s fee or any other compensation in the event the undersigned, any member of the family of the undersigned
or any affiliate of the undersigned originates a Business Combination.

 

9.         The
undersigned officers and directors agree to be the officers and directors of the Company until the earlier of the consummation
by the Company of a Business Combination or the liquidation of the Company. The undersigned officers’ and directors’
biographical information previously furnished to the Company and the Representative is true and accurate in all material respects,
does not omit any material information with respect to the officers’ and directors’ biography and contains all of
the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933.
Each of the undersigned officers’ and directors’ FINRA Questionnaire previously furnished to the Company and the Representative
is true and accurate in all material respects.

 

10.        Each
of the undersigned represents and warrants that:

 

		(a)	He,
                                         she or it has never had a petition under the federal bankruptcy laws or any state or
                                         foreign insolvency law been filed by or against (i) him, her or it, or any partnership
                                         in which he, she or it was a general partner at or within two years before the time of
                                         filing; or (ii) (to the extent the undersigned is an individual) any corporation or business
                                         association of which he or she was an executive officer at or within two years before
                                         the time of such filing;

 

    	3

    	 

    

		(b)	He,
                                         she or it has never had a receiver, fiscal agent or similar officer been appointed by
                                         a court for his or her business or property, or any such partnership;

		(c)	He,
                                         she, or it has never been convicted of fraud in a civil or criminal proceeding;

		(d)	He,
                                         she, or it has never been convicted in a criminal proceeding or named the subject of
                                         a pending criminal proceeding (excluding traffic violations and minor offenses);

		(e)	He,
                                         she, or it has never been the subject of any order, judgment or decree, not subsequently
                                         reversed, suspended or vacated, of any court of competent jurisdiction, permanently or
                                         temporarily enjoining or otherwise limiting him from (i) acting as a futures commission
                                         merchant, introducing broker, commodity trading advisor, commodity pool operator, floor
                                         broker, leverage transaction merchant, any other person regulated by the Commodity Futures
                                         Trading Commission (“CFTC”) or an associated person of any of the foregoing,
                                         or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated
                                         person, director or employee of any investment company, bank, savings and loan association
                                         or insurance company, or from engaging in or continuing any conduct or practice in connection
                                         with any such activity; or (ii) engaging in any type of business practice; or (iii) engaging
                                         in any activity in connection with the purchase or sale of any security or commodity
                                         or in connection with any violation of federal or state securities or federal commodities
                                         laws;

		(f)	He,
                                         she, or it has never been the subject of any order, judgment or decree, not subsequently
                                         reversed, suspended or vacated, of any federal or state authority barring, suspending
                                         or otherwise limiting for more than 60 days hiss right to engage in any activity described
                                         in 8(e)(i) above, or to be associated with persons engaged in any such activity;

		(g)	He,
                                         she or it has never been found by a court of competent jurisdiction in a civil action
                                         or by the SEC to have violated any federal, state, or foreign securities law, where the
                                         judgment in such civil action or finding by the SEC has not been subsequently reversed,
                                         suspended or vacated;

		(h)	He,
                                         she or it has never been found by a court of competent jurisdiction in a civil action
                                         or by the CFTC to have violated any federal commodities law, where the judgment in such
                                         civil action or finding by the CFTC has not been subsequently reversed, suspended or
                                         vacated;

 

    	4

    	 

    

		(i)	He,
                                         she or it has never been the subject of, or a party to, any federal, state, or foreign
                                         judicial or administrative order, judgment, decree or finding, not subsequently reversed,
                                         suspended or vacated, relating to an alleged violation of (i) any federal ,state or foreign
                                         securities or commodities law or regulation, (ii) any law or regulation respecting financial
                                         institutions or insurance companies including, but not limited to, a temporary or permanent
                                         injunction, order of disgorgement or restitution, civil money penalty or temporary or
                                         permanent cease-and desist order, or removal or prohibition order or (iii) any law or
                                         regulation prohibiting mail or wire fraud or fraud in connection with any business entity;

		(j)	He,
                                         she or it has never been the subject of, or party to, any sanction or order, not subsequently
                                         reversed, suspended or vacated, or any self-regulatory organization, any registered entity,
                                         or any equivalent exchange, association, entity or organization that has disciplinary
                                         authority over its members or persons associated with a member;

		(k)	He,
                                         she or it has never been convicted of any felony or misdemeanor: (i) in connection with
                                         the purchase or sale of any security; (ii) involving the making of any false filing with
                                         the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker,
                                         dealer, municipal securities dealer, investment advisor or paid solicitor of purchasers
                                         of securities;

		(l)	He,
                                         she or it was never subject to a final order of a state or foreign securities commission
                                         (or an agency of officer of a state performing like functions); a state or foreign authority
                                         that supervises or examines banks, savings associations, or credit unions; a state or
                                         foreign insurance commission (or an agency or officer of a state performing like functions);
                                         an appropriate federal or foreign banking agency; the Commodity Futures Trading Commission;
                                         or the National Credit Union Administration that is based on a violation of any law or
                                         regulation that prohibits fraudulent, manipulative, or deceptive conduct;

		(m)	He,
                                         she or it has never been subject to any order, judgment or decree of any court of competent
                                         jurisdiction, that, at the time of such sale, restrained or enjoined him from engaging
                                         or continuing to engage in any conduct or practice: (i) in connection with the purchase
                                         or sale of any security; (ii) involving the making of any false filing with the SEC or
                                         any foreign regulatory agency with similar functions; or (iii) arising out of the conduct
                                         of the business of an underwriter, broker, dealer, municipal securities dealer, investment
                                         adviser or paid solicitor of purchasers of securities;

 

    	5

    	 

    
		(n)	He,
                                         she or it has never been subject to any order of the SEC or any foreign regulatory agency
                                         with similar functions that orders him to cease and desist from committing or causing
                                         a future violation of: (i) any scienter-based anti-fraud provision of the foreign or
                                         federal securities laws, including, but not limited to, Section 17(a)(1) of the Securities
                                         Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and Section 206(1)
                                         of the Advisers Act or any other rule or regulation thereunder; or (ii) Section 5 of
                                         the Securities Act;

		(o)	He,
                                         she or it has never been named as an underwriter in any registration statement or Regulation
                                         A offering statement filed with the SEC that was the subject of a refusal order, stop
                                         order, or order suspending the Regulation A exemption, or is, currently, the subject
                                         of an investigation or proceeding to determine whether a stop order or suspension order
                                         should be issued;

		(p)	He,
                                         she or it has never been subject to a United States Postal Service false representation
                                         order, or is currently subject to a temporary restraining order or preliminary injunction
                                         with respect to conduct alleged by the United States Postal Service to constitute a scheme
                                         or device for obtaining money or property through the mail by means of false representations;

		(q)	He,
                                         she or it is not subject to a final order of a state securities commission (or an agency
                                         of officer of a state performing like functions); a state authority that supervises or
                                         examines banks, savings associations, or credit unions; a state insurance commission
                                         (or an agency or officer of a state performing like functions); an appropriate federal
                                         banking agency; the Commodity Futures Trading Commission; or the National Credit Union
                                         Administration that bars the undersigned from: (i) association with an entity regulated
                                         by such commission, authority, agency or officer; (ii) engaging in the business of securities,
                                         insurance or banking; or (iii) engaging in savings association or credit union activities;

		(r)	He,
                                         she or it is not subject to an order of the SEC entered pursuant to section 15(b) or
                                         15B(c) of the Securities Exchange Act of 1934 (the “Exchange Act”) or section
                                         203(e) or 203(f) of the Investment Advisers Act of 1940 (the “Advisers Act”)
                                         that: (i) suspends or revokes the undersigned’s registration as a broker, dealer,
                                         municipal securities dealer or investment adviser; (ii) places limitations on the activities,
                                         functions or operations of, or imposes civil money penalties on, such person; or (iii)
                                         bars the undersigned from being associated with any entity or from participating in the
                                         offering of any penny stock; and

 

    	6

    	 

    

		(s)	He,
                                         she or it has never been suspended or expelled from membership in, or suspended or barred
                                         from association with a member of, a securities self-regulatory organization (e.g., a
                                         registered national securities exchange or a registered national or affiliated securities
                                         association) for any act or omission to act constituting conduct inconsistent with just
                                         and equitable principles of trade.

 

11.         The
undersigned has full right and power, without violating any agreement by which he, she or it is bound, to enter into this letter
agreement and to hold the current position/title in the Company (if applicable).

 

12.
        The undersigned hereby waives his, her or its right to exercise redemption
rights with respect to any shares of the Ordinary Shares owned or to be owned by he, she or it, directly or indirectly, whether
purchased prior to the IPO, in the IPO or in the aftermarket, and agrees that he, she or it will not seek redemption with respect
to or otherwise sell, such shares in connection with any vote to approve a Business Combination with respect thereto.

 

13.         The
undersigned hereby agrees to not propose, or vote in favor of, an amendment to the Company’s Amended and Restated Memorandum
and Articles of Association with respect to the Company’s pre-Business Combination activities prior to the consummation
of a Business Combination that would affect the substance or timing of the Company’s obligation to redeem 100% of the IPO
Shares if the Company does not complete a Business Combination within 18 months from the closing of the Company’s IPO, unless
the Company provides its public shareholders with the opportunity to redeem their IPO shares upon approval of any such amendment
at a price per share, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest income
(net of taxes payable and any amounts released to the Company to fund working capital requirements), divided by the number of
then outstanding public shares.

 

14.         In
the event that the Company does not consummate a Business Combination and must liquidate and its remaining net assets are insufficient
to complete such liquidation, Winnie Lai Ling Ng agrees to advance such funds necessary to complete such liquidation and agrees
not to seek repayment for such expenses.

 

15.         This
letter agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without
giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.
The undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this
letter agreement (a “Proceeding”) shall be brought and enforced in the courts of the State of New York
of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction
shall be exclusive, (ii) waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum
and (iii) irrevocably agrees to appoint Ellenoff Grossman & Schole LLP as agent for the service of process in the State of
New York to receive, for the undersigned and on his behalf, service of process in any Proceeding.

 

    	7

    	 

    

16.         As
used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, contractual
arrangement, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses
or entities; (ii) “Insiders” shall mean all officers, directors and shareholders of the Company immediately
prior to the IPO; (iii) “Insider Shares” shall mean all of the Ordinary Shares of the Company acquired
by an Insider prior to the IPO; (iv) “IPO Shares” shall mean the Ordinary Shares issued in the Company’s
IPO; (v) “Private Units” shall mean (x) the Units purchased in the private placement taking place simultaneously
with the consummation of the Company’s IPO and (y) the additional Units that will be purchased in a private placement upon
the full or partial exercise of the underwriters’ over-allotment option for the Company’s IPO; (vi) “Registration
Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; (vii) “Sponsor
Warrants” shall mean (x) the warrants purchased solely by the Sponsor (which are not part of the Private Units)
in the additional private placement taking place simultaneously with the consummation of the Company’s IPO and (y) the additional
Sponsor Warrants that will be purchased in a private placement upon the full or partial exercise of the underwriters’ over-allotment
option for the Company’s IPO, and (viii) “Trust Fund” shall mean the trust fund into which a portion
of the net proceeds of the Company’s IPO will be deposited.

 

17.         Any
notice, consent or request to be given in connection with any of the terms or provisions of this letter agreement shall be in
writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by
hand delivery or facsimile transmission.

 

18.         No
party hereto may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior
written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and
shall not operate to transfer or assign any interest or title to the purported assignee. This letter agreement shall be binding
on the parties hereto and any successors and assigns thereof.

 

19.         The
undersigned acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations
and warranties set forth herein in proceeding with the IPO.

  

[Signature
page to follow]

 

    	8

    	 

    

 

	 	DeTiger
    Holdings Limited
	 	 	 
	 	By:	 
	 	 	Name: Winnie Lai
    Ling Ng
	 	 	Title: Director
	 	 	 
	 	 
	 	Winnie
    Lai Ling Ng
	 	 	 
	 	 
	 	Emily
    Chui-Hung Tong
	 	 	 
	 	 
	 	Stephen
    N. Cannon
	 	 	 
	 	 
	 	Haibin
    Wang
	 	 	 
	 	 
	 	Hai
    Wang
	 	 	 
	 	 
	 	Foelan
    Wong
	 	 	 
	 	 
	 	Jason
    Kon Man Wong

 

[Signature
Page to the Insider Letter]

 

 

9Exhibit 10.2

 

INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Agreement is made as of [•], 2014
by and between DT Asia Investments Limited (the “Company”) and Continental Stock Transfer & Trust Company (“Trustee”).

 

WHEREAS, the Company’s registration statement
on Form S-1, No. 333-197187 (“Registration Statement”) for its initial public offering of securities (“IPO”)
has been declared effective as of the date hereof (“Effective Date”) by the Securities and Exchange Commission (capitalized
terms used herein and not otherwise defined shall have the meanings set forth in the Registration Statement); and

 

WHEREAS, EarlyBirdCapital, Inc. (“EBC”)
is acting as the representative of the underwriters in the IPO; and

 

WHEREAS, simultaneously
with the IPO, DeTiger Holdings Limited (the “Sponsor”) and EBC, and or their respective designees (collectively, the
“Private Purchasers”) will be purchasing an aggregate of 320,000 units (“Initial Private Units”) from
the Company for an aggregate purchase price of $3,200,000, and the Sponsor (and/or its designees) will be purchasing 1,800,000
warrants each to purchase one-half (1/2) of one Ordinary Share for $12.00 per full share, the “Initial Sponsor Warrants”)
at a purchase price of $0.50 per Initial Sponsor Warrant; and 

 

WHEREAS, in the event EBC exercises its over-allotment
option in full or in part, the Private Purchasers will purchase up to an aggregate of an additional 33,750 units (“Over-Allotment
Private Units,” together with the Initial Private Units, the “Private Units”) for an aggregate purchase price
of up to $337,500 and the Sponsor will purchase up to an additional 270,000 Initial Sponsor Warrants (“Over-Allotment Sponsor
Warrants,” together with the Initial Sponsor Warrants, the “Sponsor Warrants”) for an aggregate purchase price
of up to $135,000; and

  

WHEREAS,
as described in the Registration Statement, and in accordance with the Company’s Amended and Restated Memorandum and Articles
of Association, $61,200,000 of the gross proceeds of the IPO and
sale of the Private Units and Sponsor Warrants ($70,280,000 if
the underwriters over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a trust
account for the benefit of the Company and the holders of the Company’s ordinary shares, no par value per share (“Ordinary
Shares”), issued in the IPO as hereinafter provided (the amounts to be delivered to the Trustee will be referred to herein
as the “Property”; the shareholders for whose benefit the Trustee shall hold the Property will be referred to as the
“Public Shareholders,” and the Public Shareholders and the Company will be referred to together as the “Beneficiaries”);
and

 

    	 

    	 

    

 

WHEREAS, the Company and the Trustee desire
to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property;

 

IT IS AGREED:

 

1.          Agreements and Covenants of Trustee. The Trustee hereby
agrees and covenants to:

 

(a)     Hold the Property in trust for the Beneficiaries in accordance
with the terms of this Agreement in a segregated trust account (“Trust Account”) established by the Trustee at JP Morgan
Chase Bank, NA and at a brokerage institution selected by the Trustee that is satisfactory to the Company;

 

(b)     Manage, supervise and administer the Trust Account subject
to the terms and conditions set forth herein;

 

(c)     In a timely manner, upon the instruction of the Company,
invest and reinvest the Property (i) in United States government treasury bills, notes or bonds having a maturity of 180 days or
less and/or (ii) in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act
of 1940, as amended, and that invest solely in U.S. treasuries, as determined by the Company;

 

(d)     Collect and receive, when due, all principal and income
arising from the Property, which shall become part of the “Property,” as such term is used herein;

 

(e)     Notify the Company and EBC of all communications received
by it with respect to any Property requiring action by the Company;

 

(f)     Supply any necessary information or documents as may
be requested by the Company in connection with the Company’s preparation of its tax returns;

 

(g)     Participate in any plan or proceeding for protecting
or enforcing any right or interest arising from the Property if, as and when instructed by the Company to do so;

 

(h)     Render to the Company monthly written statements of the
activities of and amounts in the Trust Account reflecting all receipts and disbursements of the Trust Account; and

 

(i)     Commence liquidation of the Trust Account only after
and promptly after receipt of, and only in accordance with, the terms of a letter (“Termination Letter”), in a form
substantially similar to that attached hereto as either Exhibit A or Exhibit B, signed on behalf of the Company by its Chief Executive
Officer or Chairman of the Board and Secretary or Assistant Secretary, affirmed by counsel for the Company and, in the case of
a Termination Letter in a form substantially similar to that attached hereto as Exhibit A, acknowledged and agreed to by EBC, and
complete the liquidation of the Trust Account and distribute the Property in the Trust Account only as directed in the Termination
Letter and the other documents referred to therein; provided, however, that in the event that a Termination Letter has not been
received by the Trustee by the 18-month anniversary of the closing (“Closing”) of the IPO (the “Last Date”),
the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit
B hereto and distributed to the Public Shareholders as of the Last Date.

 

    	2

    	 

    

  

2.          Limited Distributions of Income from Trust Account.

 

(a)     Upon written request from the Company, which may be given
from time to time in a form substantially similar to that attached hereto as Exhibit C, the Trustee shall distribute to the Company
the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation
owed by the Company.

 

(b)     Upon written request from the Company, which may be given
from time to time in a form substantially similar to that attached hereto as Exhibit D, the Trustee shall distribute to the Company
the amount of interest income earned on the Trust Account requested by the Company to cover expenses related to investigating and
selecting a target business and other working capital requirements; provided, however, that the Company will not be allowed to
withdraw interest income earned on the Trust Account unless there is an amount of
interest income available in the Trust Account sufficient to pay the Company’s tax obligations on such interest income or
otherwise then due at that time.

 

(c)     The limited distributions referred to in
Sections 2(a) and 2(b) above shall be made only from income collected on the Property. Except as provided in Section 2(a), and
2(b) above, no other distributions from the Trust Account shall be permitted except in accordance with Section 1(i) hereof.

 

(d)     The Company shall provide EBC with a copy of any Termination
Letters, and/or any other correspondence that it issues to the Trustee with respect to any proposed withdrawal from the Trust Account
promptly after such issuance.

 

3.          Agreements and Covenants of the Company. The Company
hereby agrees and covenants to:

 

(a)     Give all instructions to the Trustee hereunder in writing,
signed by the Company’s Chairman of the Board, Vice Chairman of the Board, Chief Executive Officer, President or Chief Financial
Officer. In addition, except with respect to its duties under paragraphs 1(i), 2(a) and 2(b) above, the Trustee shall be entitled
to rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction which it in good faith believes
to be given by any one of the persons authorized above to give written instructions, provided that the Company shall promptly confirm
such instructions in writing;

 

(b)     Subject to the provisions of Sections 5 and 7(g) of this
Agreement, hold the Trustee harmless and indemnify the Trustee from and against, any and all expenses, including reasonable counsel
fees and disbursements, or loss suffered by the Trustee in connection with any claim, potential claim, action, suit or other proceeding
brought against the Trustee involving any claim, or in connection with any claim or demand which in any way arises out of or relates
to this Agreement, the services of the Trustee hereunder, or the Property or any income earned from investment of the Property,
except for expenses and losses resulting from the Trustee’s gross negligence or willful misconduct. Promptly after the receipt
by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which the Trustee
intends to seek indemnification under this paragraph, it shall notify the Company in writing of such claim (hereinafter referred
to as the “Indemnified Claim”). The Trustee shall have the right to conduct and manage the defense against such Indemnified
Claim, provided, that the Trustee shall obtain the consent of the Company with respect to the selection of counsel, which consent
shall not be unreasonably withheld. The Trustee may not agree to settle any Indemnified Claim without the prior written consent
of the Company, which consent shall not be unreasonably withheld. The Company may participate in such action with its own counsel;

 

    	3

    	 

    

 

(c)     Pay the Trustee an initial acceptance fee, an annual
fee and a transaction processing fee for each disbursement made pursuant to Sections 2(a) and 2(b) as set forth on Schedule A hereto,
which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property shall
not be used to pay such fees and further agreed that any fees owed to the Trustee shall be deducted by the Trustee from the disbursements
made to the Company pursuant to Sections 1(i) solely in connection with the consummation of the Company’s initial acquisition,
share exchange, share reconstruction and amalgamation, purchase of all or substantially all of the assets of, or any other similar
business combination with one or more businesses or entities (the “Business Combination”), or pursuant to Section 2(b).
The Company shall pay the Trustee the initial acceptance fee and first year’s fee at the consummation of the IPO and thereafter
on the anniversary of the Effective Date;

 

(d)     In connection with any vote of the Company’s shareholders
regarding a Business Combination, provide to the Trustee an affidavit or certificate of a firm regularly engaged in the business
of soliciting proxies and/or tabulating shareholder votes verifying the vote of the Company’s shareholders regarding such
Business Combination; and

 

(e)     In the event that the Company directs the Trustee to
commence liquidation of the Trust Account pursuant to Section 1(i), the Company agrees that it will not direct the Trustee to make
any payments that are not specifically authorized by this Agreement.

 

4.          Limitations of Liability. The Trustee shall have no
responsibility or liability to:

 

(a)     Take any action with respect to the Property, other than
as directed in paragraphs 1 and 2 hereof and the Trustee shall have no liability to any party except for liability arising out
of its own gross negligence or willful misconduct;

 

(b)     Institute any proceeding for the collection of any principal
and income arising from, or institute, appear in or defend any proceeding of any kind with respect to, any of the Property unless
and until it shall have received instructions from the Company given as provided herein to do so and the Company shall have advanced
or guaranteed to it funds sufficient to pay any expenses incident thereto;

 

    	4

    	 

    

 

(c)     Change the investment of any Property, other than in
compliance with paragraph 1(c);

 

(d)     Refund any depreciation in principal of any Property;

 

(e)     Assume that the authority of any person designated by
the Company to give instructions hereunder shall not be continuing unless provided otherwise in such designation, or unless the
Company shall have delivered a written revocation of such authority to the Trustee;

 

(f)     The other parties hereto or to anyone else for any action
taken or omitted by it, or any action suffered by it to be taken or omitted, in good faith and in the exercise of its own best
judgment, except for its gross negligence or willful misconduct. The Trustee may rely conclusively and shall be protected in acting
upon any order, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee), statement,
instrument, report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions,
but also as to the truth and acceptability of any information therein contained) which is believed by the Trustee, in good faith,
to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand,
or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written
instrument delivered to the Trustee signed by the proper party or parties and, if the duties or rights of the Trustee are affected,
unless it shall give its prior written consent thereto;

 

(g)     Verify the correctness of the information set forth in
the Registration Statement or to confirm or assure that any acquisition made by the Company or any other action taken by it is
as contemplated by the Registration Statement; and

 

(h)     File local, state and/or Federal tax returns or information
returns with any taxing authority on behalf of the Trust Account and payee statements with the Company documenting the taxes, if
any, payable by the Company or the Trust Account, relating to the income earned on the Property.

 

(i)     Pay any taxes on behalf of the Trust Account (it being
expressly understood that the Property shall not be used to pay any such taxes and that such taxes, if any, shall be paid by the
Company from funds not held in the Trust Account or released to it under Section 2(a) hereof).

 

(j)     Imply obligations, perform duties, inquire
or otherwise be subject to the provisions of any agreement or document other than this agreement and that which is expressly set
forth herein.

 

    	5

    	 

    

 

(k)     Verify calculations, qualify or otherwise approve Company
requests for distributions pursuant to Section 1(i), 2(a) or 2(b) above.

 

5.          Trust Account Waiver. The Trustee has no right of set-off
or any right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby
irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future. In the event the
Trustee has any Claim against the Company under this Agreement, including, without limitation, under Section 3(b) or Section 3(c)
hereof, the Trustee shall pursue such Claim solely against the Company and its assets outside the Trust Account and not against
the Property or any monies in the Trust Account

 

6.          Termination. This Agreement shall terminate as follows:

 

(a)     If the Trustee gives written notice to the Company that
it desires to resign under this Agreement, the Company shall use its reasonable efforts to locate a successor trustee during which
time the Trustee shall act in accordance with this Agreement. At such time that the Company notifies the Trustee that a successor
trustee has been appointed by the Company and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer
the management of the Trust Account to the successor trustee, including but not limited to the transfer of copies of the reports
and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided, however, that, in the event that
the Company does not locate a successor trustee within ninety days of receipt of the resignation notice from the Trustee, the Trustee
may submit an application to have the Property deposited with any court in the State of New York or with the United States District
Court for the Southern District of New York and upon such deposit, the Trustee shall be immune from any liability whatsoever; or

 

(b)     At such time that the Trustee has completed the liquidation
of the Trust Account in accordance with the provisions of paragraph 1(i) hereof, and distributed the Property in accordance with
the provisions of the Termination Letter, this Agreement shall terminate except with respect to Paragraph 3(b).

 

7.          Miscellaneous.

 

(a)          The Company and the Trustee each acknowledge that the
Trustee will follow the security procedures set forth below with respect to funds transferred from the Trust Account. The Company
and the Trustee will each restrict access to confidential information relating to such security procedures to authorized persons.
Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained access to
such information, or of any change in its authorized personnel. In executing funds transfers, the Trustee will rely upon all information
supplied to it by the Company, including account names, account numbers and all other identifying information relating to a beneficiary,
beneficiary’s bank or intermediary bank. The Trustee shall not be liable for any loss, liability or expense resulting from
any error in the information or transmission of the wire.

 

    	6

    	 

    

 

(b)          This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, applicable to contracts
wholly performed within the borders of such states and without giving effect to conflicts of law principles that would result in
the application of the substantive laws of another jurisdiction.  It may be executed in several original or facsimile
counterparts, each one of which shall constitute an original, and together shall constitute but one instrument. The
Company hereby appoints, without power of revocation, Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York,
New York 10105 Fax No.: (212) 370-7889 Attn: Stuart Neuhauser, Esq., as their respective agent to accept and acknowledge on its
behalf service of any and all process which may be served in any arbitration, action, proceeding or counterclaim in any way relating
to or arising out of this Agreement. The Company further agrees to take any and all action as may be necessary to maintain such
designation and appointment of such agent in full force and effect for a period of seven years from the date of this Agreement.

 

(c)     This Agreement contains the entire agreement and understanding
of the parties hereto with respect to the subject matter hereof. Except for Sections 1(i), 2(a), 2(b) and 2(c) (which may not be
modified, amended or deleted without the affirmative vote of at least 65% of the then outstanding Ordinary Shares attending and
voting on such amendment at the relevant meeting ; provided that no such amendment will affect any Public Shareholder who has otherwise
indicated his election to redeem his Ordinary Shares in connection with a shareholder vote sought to amend this Agreement to extend
to the time he would be entitled to a return of his pro rata amount in the Trust Account), this Agreement or any provision hereof
may only be changed, amended or modified (other than to correct a typographical error) by a writing signed by each of the parties
hereto; provided, however, that no such change, amendment or modification may be made without the prior written consent of EBC.
As to any claim, cross-claim or counterclaim in any way relating to this Agreement, each party waives the right to trial by jury.
The Trustee may require from Company counsel an opinion as to the propriety of any proposed amendment.

 

(d)     The parties hereto consent to the jurisdiction and venue
of any state or federal court located in the City of New York, Borough of Manhattan, for purposes of resolving any disputes hereunder.

 

(e)     Any notice, consent or request to be given in connection
with any of the terms or provisions of this Agreement shall be in writing and shall be sent by express mail or similar private
courier service, by certified mail (return receipt requested), by hand delivery or by facsimile transmission:

 

if to the Trustee, to:

 

Continental Stock Transfer

& Trust Company

17 Battery Place

New York, New York 10004

Attn: Steven Nelson and Frank Di Paolo

Fax No.: (212) 509-5150

 

    	7

    	 

    

 

if to the Company, to:

 

DT Asia Investments Limited

Room 1102, 11/F.,

Beautiful Group Tower,

77 Connaught Road Central,

Hong Kong

Attn: Stephen N. Cannon, Chief Executive Officer

Fax No.: [•]

 

in either case with a copy to:

 

EarlyBirdCapital, Inc.

275 Madison Avenue, 27th Floor

New York, New York 10016

Attn: Steven Levine, Chief Executive Officer

Fax No.: (212) 661-4936

 

(f)     This Agreement may not be assigned by the Trustee without
the prior consent of the Company.

 

(g)     Each of the Trustee and the Company hereby represents
that it has the full right and power and has been duly authorized to enter into this Agreement and to perform its respective obligations
as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed against the Trust Account,
including by way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance. In the event that
the Trustee has a claim against the Company under this Agreement, the Trustee will pursue such claim solely against the Company
and not against the Property held in the Trust Account.

 

(h)     Each of the Company and the Trustee hereby acknowledge
that EBC is a third party beneficiary of this Agreement.

 

[Signature Page Follows]

 

    	8

    	 

    

 

IN WITNESS WHEREOF, the parties have duly executed this Investment
Management Trust Agreement as of the date first written above.

 

	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Trustee
	 	 	 
	 	By: 	
	 	 	Name: Frank Di Paolo
	 	 	Title : Trust Officer
	 	 	 
	 	DT ASIA INVESTMENTS LIMITED
	 	 	 
	 	By: 	
	 	 	Name: 
	 	 	Title :

 

    	9

    	 

    

  

SCHEDULE A

 

	Fee
    Item	Time
    and method of payment 	Amount
	Initial
    acceptance fee	Initial
    closing of IPO by wire transfer	

[$2,000]

	Annual
    fee	First
    year, initial closing of IPO by wire transfer; thereafter on the anniversary of the effective date of the IPO by wire transfer
    or check	$10,000
	Transaction
    processing fee for disbursements to Company under Section 2	Deduction
    by Trustee from accumulated income following disbursement made to Company under Section 2	$250
	Paying
    Agent services as required pursuant to section 1(i)	Billed
    to Company upon delivery of service pursuant to section 1(i)	 

        Prevailing
        rates

         

 

    	10

    	 

    

 

EXHIBIT
A

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer

& Trust Company

17
Battery Place

New
York, New York 10004

Attn:
Steven Nelson and Frank Di Paolo

 
 	 	Re:	Trust
                           Account No. - Termination Letter

 

Gentlemen:

 

Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between DT Asia Investments Limited (“Company”) and
Continental Stock Transfer & Trust Company (“Trustee”), dated as of [•], 2014 (“Trust Agreement”),
this is to advise you that the Company has entered into an agreement (“Business Agreement”) with __________________
(“Target Business”) to consummate a business combination with Target Business (“Business Combination”)
on or about [insert date]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation
of the Business Combination (“Consummation Date”). Capitalized terms used herein and not otherwise defined shall have
the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on __________
and to transfer the proceeds to the above-referenced account at JP Morgan Chase Bank to the effect that, on the Consummation Date,
all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall
direct on the Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust account awaiting
distribution, the Company will not earn any interest or dividends.

 

On
the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been
consummated and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of __________________, which verifies
the vote of the Company’s shareholders in connection with the Business Combination if a vote is held and (b) joint written
instructions from it and EarlyBirdCapital, Inc. with respect to the transfer of the funds held in the Trust Account (“Instruction
Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt
of the counsel's letter and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain
deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company
of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and distributed after
the Consummation Date to the Company. Upon the distribution of all the funds in the Trust Account pursuant to the terms hereof,
the Trust Agreement shall be terminated.

 

    	11

    	 

    

 

In
the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have
not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written
instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the
business day immediately following the Consummation Date as set forth in the notice.

 

	 	Very truly yours,
	 	 
	 	DT ASIA INVESTMENTS LIMITED
	 		 
	 	By:	 ________________________________
	 	 	 Stephen N. Cannon, Chief Executivel Officer

	 	 	 
	AGREED TO AND	 	 
	ACKNOWLEDGED BY	 	 
	 	 	 
	EARLYBIRDCAPITAL, INC.	 	 
	 	 	 
	By:________________________________

	 	 

    	12

    	 

    

EXHIBIT
B

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer

& Trust Company

17
Battery Place

New
York, New York 10004

Attn:
Steven Nelson and Frank Di Paolo

 
 	 	Re:	Trust Account No. [insert no.]___ - Termination Letter

 

Gentlemen:

 

Pursuant to paragraph
1(i) of the Investment Management Trust Agreement between DT Asia Investments Limited (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of [•], 2014 (“Trust
Agreement”), this is to advise you that the Company has been unable to effect a Business
Combination with a Target Company within the time frame specified in the Company’s Amended and Restated Memorandum and Articles
of Association, as described in the Company’s prospectus relating to its IPO. Capitalized terms used herein and not
otherwise defined shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all the Trust Account investments on ______________
and to transfer the total proceeds to the Trust Checking Account at JP Morgan Chase Bank, NA to await distribution to the Public
Shareholders. The Company has selected ____________, 20__ as the record date for the purpose of determining the Public Shareholders
entitled to receive their share of the liquidation proceeds. It is acknowledged that no interest will be earned by the Company
on the liquidation proceeds while on deposit in the Trust Checking Account. You agree to be the Paying Agent of record and in your
separate capacity as Paying Agent, to distribute said funds directly to the Public Shareholders in accordance with the terms of
the Trust Agreement and the Amended and Restated Memorandum and Articles of Association of the Company. Upon the distribution of
all the funds in the Trust Account, your obligations under the Trust Agreement shall be terminated.

 

	 	Very truly yours,
	 	 
	 	DT ASIA INVESTMENTS LIMITED
	 	 
	 	By: __________________________
	 	Stephen N. Cannon, Chief Executivel Officer 

 

cc:
 EarlyBirdCapital, Inc.

    	13

    	 

    

 

EXHIBIT
C

  

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer

& Trust Company

17
Battery Place

New
York, New York 10004

Attn:
Steven Nelson and Frank Di Paol

 
 	 	Re:	Trust Account No. [insert no.]___ 

      

     Gentlemen:

 

Pursuant to paragraph
2(a) of the Investment Management Trust Agreement between DT Asia Investments Limited (“Company”) and Continental
Stock Transfer & Trust Company (“Trustee”), dated as of [•] (“Trust
Agreement”), the Company hereby requests that you deliver to the Company $_______ of
the interest income earned on the Property as of the date hereof. The Company needs such funds to pay for its tax obligations.
In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such
funds promptly upon your receipt of this letter to the Company’s operating account at:

 

	[WIRE INSTRUCTION INFORMATION]

	 	 
	 	DT ASIA INVESTMENTS LIMITED
	 	 
	 	By: _______________________________________
	 	 Stephen N. Cannon, Chief Executivel Officer

	 	 
	cc: EarlyBirdCapital, Inc.

 

    	14

    	 

    

 

EXHIBIT
D

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer

& Trust Company

17
Battery Place

New
York, New York 10004

Attn:
Steven Nelson and Frank Di Paolo

 
 	 	Re:	Trust Account No. [insert no.]___ 

 

Gentlemen:

 

Pursuant to paragraph
2(b) of the Investment Management Trust Agreement between DT Asia Investments Limited (“Company”) and Continental
Stock Transfer & Trust Company (“Trustee”), dated as of [•],
2014 (“Trust Agreement”), the Company hereby requests that you deliver to the
Company $_______ of the interest income earned on the Property as of the date hereof. The Company needs such funds to cover its
expenses relating to investigating and selecting a target business and other working capital requirements. In accordance with
the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon
your receipt of this letter to the Company’s operating account at: 

 

	[WIRE INSTRUCTION INFORMATION]	 
	 	 
	 	Very truly yours,
	 	 
	 	DT ASIA INVESTMENTS LIMITED
	 	 
	 	By:  ____________________________________
	 	Stephen N. Cannon, Chief Executivel Officer

 

cc: EarlyBirdCapital,
Inc.

 

 

15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00235-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00235-of-00352.parquet"}]]