Document:

LOCK-UP
      AGREEMENT

     

    THIS
      AGREEMENT (this “Agreement”)
      is
      dated as of April 14, 2008 by and between Aamaxan Transport Group, Inc., a
      Delaware corporation (the “Company”),
      and
      Kamick Assets Limited, a company incorporated under the laws of the British
      Virgin Islands (“Shareholder”).

     

    WHEREAS,
      the Company intends to enter into a share exchange transaction with Shareholder
      whereby Shareholder will exchange all its equity interest in Asia Business
      Management Group Limited, a British Virgin Islands company which is wholly
      owned
      by Shareholder, for the issuance of shares of Common Stock of the Company,
      par
      value $0.001 per share (the “Common
      Stock”)
      and a
      private placement financing transaction with certain accredited investors (the
      “Investors”)
      whereby the Company will issue Units composed of shares of a newly-designated
      Series A Convertible Preferred Stock, par value $0.001 per share (the
“Series
      A Stock”)
      and
      related warrants (the “Warrants”)
      to
      purchase shares of Common Stock of the Company (the “Financing
      Transaction”).

     

    WHEREAS,
      to induce the Company and the Investors to enter into the Financing Transaction
      pursuant to the Securities Purchase Agreement dated April 14, 2008 by and among
      the Company and the Investors (the “Purchase
      Agreement”),
      Shareholder has agreed not to sell any shares of the Company’s Common Stock that
      Shareholder presently owns, owns or may acquire after the date hereof, except
      in
      accordance with the terms and conditions set forth herein (collectively, the
      “Lock-Up
      Shares”).
      Capitalized terms used herein without definition shall have the meanings
      assigned to such terms in the Purchase Agreement.

     

    NOW,
      THEREFORE, in consideration of the covenants and conditions hereinafter
      contained, the parties hereto agree as follows:

     

    1. Restriction
      on Transfer; Term.
      The
      Shareholder hereby agrees with the Company that such Shareholder will not offer,
      sell, contract to sell, assign, transfer, hypothecate, pledge or grant a
      security interest in, or otherwise dispose of, or enter into any transaction
      which is designed to, or might reasonably be expected to, result in the
      disposition of (whether by actual disposition or effective economic disposition
      due to cash settlement or otherwise, directly or indirectly (each, a
“transfer”), any of the shares of Common Stock owned by such Shareholder as of
      the date of the Closing Date or any such shares acquired thereafter and shall
      not transfer such shares until date that is twelve (12) months following the
      effective date of the registration statement (the “Effective Date”) filed by the
      Company with the Securities and Exchange Commission providing for the resale
      of
      the shares of Common Stock issuable upon conversion of the Preferred Shares
      issued pursuant to the Purchase Agreement (the “Period”). 

     

    2. Ownership.
      During
      the Period, Shareholder shall retain all rights of ownership in the Lock-Up
      Shares, including, without limitation, voting rights and the right to receive
      any dividends, if any, that may be declared in respect thereof.

     

    3. Company
      and Transfer Agent.
      The
      Company is hereby authorized to disclose the existence of this Agreement to
      its
      transfer agent. The Company and its transfer agent are hereby authorized by
      the
      Shareholder to decline to make any transfer of the Common Stock if such transfer
      would constitute a violation or breach of this Agreement and/or the Purchase
      Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4. Notices.
      All
      notices, demands, consents, requests, instructions and other communications
      to
      be given or delivered or permitted under or by reason of the provisions of
      this
      Agreement or in connection with the transactions contemplated hereby shall
      be in
      writing and shall be deemed to be delivered and received by the intended
      recipient as follows: (i) if personally delivered, on the business day of such
      delivery (as evidenced by the receipt of the personal delivery service), (ii)
      if
      mailed certified or registered mail return receipt requested, two (2) business
      days after being mailed, (iii) if delivered by overnight courier (with all
      charges having been prepaid), on the business day of such delivery (as evidenced
      by the receipt of the overnight courier service of recognized standing), or
      (iv)
      if delivered by facsimile transmission, on the business day of such delivery
      if
      sent by 6:00 p.m. in the time zone of the recipient, or if sent after that
      time,
      on the next succeeding business day (as evidenced by the printed confirmation
      of
      delivery generated by the sending party’s telecopier machine). If any notice,
      demand, consent, request, instruction or other communication cannot be delivered
      because of a changed address of which no notice was given (in accordance with
      this Section 4), or the refusal to accept same, the notice, demand, consent,
      request, instruction or other communication shall be deemed received on the
      second business day the notice is sent (as evidenced by a sworn affidavit of
      the
      sender). All such notices, demands, consents, requests, instructions and other
      communications will be sent to the following addresses or facsimile numbers
      as
      applicable.

    

    If
      to the
      Company: 

    

    Mr.
      Chen
      Zhong

    Aamaxan
      Transport Group, Inc.

    2a,
      2b,
      No.8 Building No. 200 Newton Road

    Zhangjang
      High-Tech Park

    Shanghai

    People’s
      Republic of China

    Tel.
      No.:
      86-21-508-05-789

    Fax
      No.:
      86-21-508-02-149

    

    with
      copies (which copies shall not constitute notice) to: 

    

    Guzov
      Ofsink, LLC

    600
      Madison Avenue, 14th Floor

    New
      York,
      New York 10022

    Attention:
      Darren Ofsink

    Tel.
      No.:
      (212) 371-8008, ext. 102

    Fax
      No.:
      (212) 688-7273

    

    If
      to
      Shareholder, 

    

    Mr.
      Chen
      Zhong

    Kamick
      Assets Limited

    Suite
      6B,
      1440 Hongqiao Road

    Changning
      District

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Shanghai

    People’s
      Republic of China

    Tel.
      No.:
      86-21-508-05-789

    Fax
      No.:
      86-21-508-02-149

    

    with
      copies (which copies shall not constitute notice) to: 

    

    Guzov
      Ofsink, LLC

    600
      Madison Avenue, 14th Floor

    New
      York,
      New York 10022

    Attention:
      Darren Ofsink

    Tel.
      No.:
      (212) 371-8008, ext. 102

    Fax
      No.:
      (212) 688-7273

     

    or
      to
      such other address as any party may specify by notice given to the other party
      in accordance with this Section 4.

     

    5. Amendment.
      This
      Agreement may not be modified, amended, altered or supplemented, except by
      a
      written agreement executed by each of the parties hereto and approved by the
      holders of more than fifty percent (50%) of the Conversion Shares (determined
      on
      an “as-converted” basis with respect to any Series A Preferred Stock not then
      converted)(the “Majority
      Holders”)

     

    6. Entire
      Agreement.
      This
      Agreement contains the entire understanding and agreement of the parties
      relating to the subject matter hereof and supersedes all prior and/or
      contemporaneous understandings and agreements of any kind and nature (whether
      written or oral) among the parties with respect to such subject matter, all
      of
      which are merged herein.

     

    7. Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York applicable to agreements made and to be performed in that
      state, without regard to any of its principles of conflicts of laws or other
      laws which would result in the application of the laws of another jurisdiction.
      This Agreement shall be construed and interpreted without regard to any
      presumption against the party causing this Agreement to be drafted.

     

    8. Waiver
      of Jury Trial.
      EACH OF
      THE PARTIES HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVES THE RIGHT TO A TRIAL
      BY JURY IN ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
      AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES
      UNCONDITIONALLY AND IRREVOCABLY CONSENTS TO THE EXCLUSIVE JURISDICTION OF THE
      COURTS OF THE STATE OF NEW YORK LOCATED IN NEW YORK COUNTY AND THE FEDERAL
      DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK WITH RESPECT TO ANY SUIT,
      ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
      TRANSACTIONS CONTEMPLATED HEREBY, AND EACH OF THE PARTIES HEREBY UNCONDITIONALLY
      AND IRREVOCABLY WAIVES ANY OBJECTION TO VENUE IN NEW YORK COUNTY OR SUCH
      DISTRICT, AND AGREES THAT SERVICE OF ANY SUMMONS, COMPLAINT, NOTICE OR OTHER
      PROCESS RELATING TO SUCH SUIT, ACTION OR OTHER PROCEEDING MAY BE EFFECTED IN
      THE
      MANNER PROVIDED IN SECTION 4.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    9. Severability.
      The
      parties agree that if any provision of this Agreement be held to be invalid,
      illegal or unenforceable in any jurisdiction, that holding shall be effective
      only to the extent of such invalidity, illegally or unenforceability without
      invalidating or rendering illegal or unenforceable the remaining provisions
      hereof, and any such invalidity, illegally or unenforceability in any
      jurisdiction shall not invalidate or render unenforceable such provision in
      any
      other jurisdiction. It is the intent of the parties that this Agreement be
      fully
      enforced to the fullest extent permitted by applicable law.

     

    10. Binding
      Effect; Assignment.
      This
      Agreement and the rights and obligations hereunder may not be assigned by any
      party hereto without the prior written consent of the other parties hereby.
      This
      Agreement shall be binding upon and shall inure to the benefit of the parties
      hereto and their respective successors and permitted assigns.

     

    11. Headings.
      The
      section headings contained in this Agreement (including, without limitation,
      section headings and headings in the exhibits and schedules) are inserted for
      reference purposes only and shall not affect in any way the meaning,
      construction or interpretation of this Agreement. Any reference to the
      masculine, feminine, or neuter gender shall be a reference to such other gender
      as is appropriate. References to the singular shall include the plural and
      vice
      versa.

     

    12. Counterparts.
      This
      Agreement may be executed in two or more counterparts, and by the different
      parties hereto in separate counterparts, each of which when executed shall
      be
      deemed to be an original, and all of which, when taken together, shall
      constitute one and the same document. This Agreement shall become effective
      when
      one or more counterparts, taken together, shall have been executed and delivered
      by all of the parties.

     

    13. Specific
      Performance; Injunctive Relief.
      The
      parties hereto acknowledge that the Company and the Investors will be
      irreparably harmed and that there will be no adequate remedy at law for a
      violation of any of the covenants or agreements of the Shareholder set forth
      herein. Therefore, it is agreed that, in addition to any other remedies which
      may be available to the Company and the Investors upon such violation, the
      Company shall have the right to enforce such covenants and agreements by
      specific performance, injunctive relief or by any other means available to
      it at
      law or in equity

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

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

    

    
      	
              AAMAXAN
                TRANSPORT GROUP, INC.

            
	 	 	 
	
              By:
                

            	 
	 	
              Name:
                

            	
              Chen
                Zhong

            
	 	
              Title:
                

            	
              Chief
                Executive Officer

            
	 	 	 
	
              KAMICK
                ASSETS LIMITED

            
	 	 	 
	
              By:
                

            	 
	 	
              Name:
                

            	
              Ganghua
                Shao

            
	 	
              Title:
                

            	
              Director

            

    

     

    
      
         

      

      
        5LOCK-UP
      AGREEMENT

     

    THIS
      AGREEMENT (this “Agreement”)
      is
      dated as of April 14, 2008 by and among Aamaxan Transport Group, Inc., a
      Delaware corporation (the “Company”),
      Mr.
      Shao Ganghua (the “Holder”)
      and
      Mr. Chen Zhong (the “Successor”).
      

     

    WHEREAS,
      the Company intends to enter into a share exchange transaction with Kamick
      Assets Limited, a company incorporated under the laws of the British Virgin
      Islands (“KAL”),
      whereby KAL will exchange all its equity interest in Asia Business Management
      Group Limited, a British Virgin Islands company which is wholly owned by KAL,
      for the issuance of shares of Common Stock of the Company, par value $0.001
      per
      share (the “Common
      Stock”)
      and a
      private placement financing transaction with certain accredited investors (the
      “Investors”)
      whereby the Company will issue Units composed of shares of a newly-designated
      Series A Convertible Preferred Stock, par value $0.001 per share (the
“Series
      A Stock”)
      and
      related warrants (the “Warrants”)
      to
      purchase shares of Common Stock of the Company (the “Financing
      Transaction”).

     

    WHEREAS,
      upon the Closing, the Holder will beneficially own 14,991,812 shares of common
      stock of the Company and simultaneously with the entry of this Agreement, the
      Holder is to enter into a Call Option Agreement with the Successor, pursuant
      to
      which the Holder is to sell all of his shares he is to receive from the Company
      on the same date of the closing of the Financing Transaction in installments
      upon certain conditions are satisfied (the “Call
      Option Agreement”)
      and
      the Successor hereby acknowledges and agrees that any and all of his shares
      of
      the Company he is to receive from the Holder are subject to the terms and
      conditions of this Agreement. 

     

    WHEREAS,
      to induce the Company and the Investors to enter into the Financing Transaction
      pursuant to the Securities Purchase Agreement dated April 14, 2008 by and among
      the Company and the Investors (the “Purchase
      Agreement”),
      the
      Holder, the Successor and KAL have agreed not to sell any shares of the
      Company’s Common Stock that the Holder, the Successor and KAL presently own or
      may acquire after the date hereof, except in accordance with the terms and
      conditions set forth herein (collectively, the “Lock-Up
      Shares”).
      Capitalized terms used herein without definition shall have the meanings
      assigned to such terms in the Purchase Agreement.

     

    NOW,
      THEREFORE, in consideration of the covenants and conditions hereinafter
      contained, the parties hereto agree as follows:

     

    1. Restriction
      on Transfer; Term.
      The
      Holder and the Successor hereby agree with the Company that the Holder and
      the
      Successor will not offer, sell, contract to sell, assign, transfer, hypothecate,
      pledge or grant a security interest in, or otherwise dispose of, or enter into
      any transaction which is designed to, or might reasonably be expected to, result
      in the disposition of (whether by actual disposition or effective economic
      disposition due to cash settlement or otherwise, directly or indirectly (each,
      a
“transfer”), any of the shares of Common Stock owned by the Holder and the
      Successor as of the date of the Closing Date or any such shares acquired
      thereafter and shall not transfer such shares until date that is twelve (12)
      months following the effective date of the registration statement (the
“Effective Date”) filed by the Company with the Securities and Exchange
      Commission providing for the resale of the shares of Common Stock issuable
      upon
      conversion of the Preferred Shares issued pursuant to the Purchase Agreement
      (the “Period”). 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2. Ownership.
      During
      the Period, the Holder and the Successor shall retain all rights of ownership
      in
      the Lock-Up Shares, including, without limitation, voting rights and the right
      to receive any dividends, if any, that may be declared in respect
      thereof.

     

    3. Company
      and Transfer Agent.
      The
      Company is hereby authorized to disclose the existence of this Agreement to
      its
      transfer agent. The Company and its transfer agent are hereby authorized by
      the
      Holder and the Successor to decline to make any transfer of the Common Stock
      if
      such transfer would constitute a violation or breach of this Agreement and/or
      the Purchase Agreement.

     

    4. Notices.
      All
      notices, demands, consents, requests, instructions and other communications
      to
      be given or delivered or permitted under or by reason of the provisions of
      this
      Agreement or in connection with the transactions contemplated hereby shall
      be in
      writing and shall be deemed to be delivered and received by the intended
      recipient as follows: (i) if personally delivered, on the business day of such
      delivery (as evidenced by the receipt of the personal delivery service), (ii)
      if
      mailed certified or registered mail return receipt requested, two (2) business
      days after being mailed, (iii) if delivered by overnight courier (with all
      charges having been prepaid), on the business day of such delivery (as evidenced
      by the receipt of the overnight courier service of recognized standing), or
      (iv)
      if delivered by facsimile transmission, on the business day of such delivery
      if
      sent by 6:00 p.m. in the time zone of the recipient, or if sent after that
      time,
      on the next succeeding business day (as evidenced by the printed confirmation
      of
      delivery generated by the sending party’s telecopier machine). If any notice,
      demand, consent, request, instruction or other communication cannot be delivered
      because of a changed address of which no notice was given (in accordance with
      this Section 4), or the refusal to accept same, the notice, demand, consent,
      request, instruction or other communication shall be deemed received on the
      second business day the notice is sent (as evidenced by a sworn affidavit of
      the
      sender). All such notices, demands, consents, requests, instructions and other
      communications will be sent to the following addresses or facsimile numbers
      as
      applicable.

    

    If
      to the
      Company: 

    

    Mr.
      Chen
      Zhong

    Aamaxan
      Transport Group, Inc.

    2a,
      2b,
      No.8 Building No. 200 Newton Road

    Zhangjang
      High-Tech Park

    Shanghai

    People’s
      Republic of China

    Tel.
      No.:
      86-21-508-05-789

    Fax
      No.:
      86-21-508-02-149

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    with
      copies (which copies shall not constitute notice) to: 

    

    Guzov
      Ofsink, LLC

    600
      Madison Avenue, 14th Floor

    New
      York,
      New York 10022

    Attention:
      Darren Ofsink

    Tel.
      No.:
      (212) 371-8008, ext. 102

    Fax
      No.:
      (212) 688-7273

    

    If
      to the
      Holder,

    Mr.
      Shao
      Ganghua

    Room
      209,
      2/F,

    China
      Insurance Group BUI, 

    141
      Des
      Voeux Road

    Central,
      Hong Kong.

    Tel:
      (852) 2541 6699

    

    If
      to the
      Successor, 

    

    Mr.
      Chen
      Zhong

    Suite
      6B,
      1440 Hongqiao Road

    Changning
      District

    Shanghai

    People’s
      Republic of China

    Tel.
      No.:
      86-21-508-05-789

    Fax
      No.:
      86-21-508-02-149

    

    with
      copies (which copies shall not constitute notice) to: 

    

    Guzov
      Ofsink, LLC

    600
      Madison Avenue, 14th Floor

    New
      York,
      New York 10022

    Attention:
      Darren Ofsink

    Tel.
      No.:
      (212) 371-8008, ext. 102

    Fax
      No.:
      (212) 688-7273

     

    or
      to
      such other address as any party may specify by notice given to the other party
      in accordance with this Section 4.

     

    5. Amendment.
      This
      Agreement may not be modified, amended, altered or supplemented, except by
      a
      written agreement executed by each of the parties hereto and approved by the
      holders of more than fifty percent (50%) of the Conversion Shares (determined
      on
      an “as-converted” basis with respect to any Series A Preferred Stock not then
      converted)(the “Majority
      Holders”)

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    6. Entire
      Agreement.
      This
      Agreement contains the entire understanding and agreement of the parties
      relating to the subject matter hereof and supersedes all prior and/or
      contemporaneous understandings and agreements of any kind and nature (whether
      written or oral) among the parties with respect to such subject matter, all
      of
      which are merged herein.

     

    7. Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York applicable to agreements made and to be performed in that
      state, without regard to any of its principles of conflicts of laws or other
      laws which would result in the application of the laws of another jurisdiction.
      This Agreement shall be construed and interpreted without regard to any
      presumption against the party causing this Agreement to be drafted.

     

    8. Waiver
      of Jury Trial.
      EACH OF
      THE PARTIES HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVES THE RIGHT TO A TRIAL
      BY JURY IN ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
      AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES
      UNCONDITIONALLY AND IRREVOCABLY CONSENTS TO THE EXCLUSIVE JURISDICTION OF THE
      COURTS OF THE STATE OF NEW YORK LOCATED IN NEW YORK COUNTY AND THE FEDERAL
      DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK WITH RESPECT TO ANY SUIT,
      ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
      TRANSACTIONS CONTEMPLATED HEREBY, AND EACH OF THE PARTIES HEREBY UNCONDITIONALLY
      AND IRREVOCABLY WAIVES ANY OBJECTION TO VENUE IN NEW YORK COUNTY OR SUCH
      DISTRICT, AND AGREES THAT SERVICE OF ANY SUMMONS, COMPLAINT, NOTICE OR OTHER
      PROCESS RELATING TO SUCH SUIT, ACTION OR OTHER PROCEEDING MAY BE EFFECTED IN
      THE
      MANNER PROVIDED IN SECTION 4.

     

    9. Severability.
      The
      parties agree that if any provision of this Agreement be held to be invalid,
      illegal or unenforceable in any jurisdiction, that holding shall be effective
      only to the extent of such invalidity, illegally or unenforceability without
      invalidating or rendering illegal or unenforceable the remaining provisions
      hereof, and any such invalidity, illegally or unenforceability in any
      jurisdiction shall not invalidate or render unenforceable such provision in
      any
      other jurisdiction. It is the intent of the parties that this Agreement be
      fully
      enforced to the fullest extent permitted by applicable law.

     

    10. Binding
      Effect; Assignment.
      This
      Agreement and the rights and obligations hereunder may not be assigned by any
      party hereto without the prior written consent of the other parties hereby.
      This
      Agreement shall be binding upon and shall inure to the benefit of the parties
      hereto and their respective successors and permitted assigns.

     

    11. Headings.
      The
      section headings contained in this Agreement (including, without limitation,
      section headings and headings in the exhibits and schedules) are inserted for
      reference purposes only and shall not affect in any way the meaning,
      construction or interpretation of this Agreement. Any reference to the
      masculine, feminine, or neuter gender shall be a reference to such other gender
      as is appropriate. References to the singular shall include the plural and
      vice
      versa.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    12. Counterparts.
      This
      Agreement may be executed in two or more counterparts, and by the different
      parties hereto in separate counterparts, each of which when executed shall
      be
      deemed to be an original, and all of which, when taken together, shall
      constitute one and the same document. This Agreement shall become effective
      when
      one or more counterparts, taken together, shall have been executed and delivered
      by all of the parties.

     

    13. Specific
      Performance; Injunctive Relief.
      The
      parties hereto acknowledge that the Company and the Investors will be
      irreparably harmed and that there will be no adequate remedy at law for a
      violation of any of the covenants or agreements of the Holder and the Successor
      set forth herein. Therefore, it is agreed that, in addition to any other
      remedies which may be available to the Company and the Investors upon such
      violation, the Company shall have the right to enforce such covenants and
      agreements by specific performance, injunctive relief or by any other means
      available to it at law or in equity

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

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

    

    
      	
              AAMAXAN
                TRANSPORT GROUP, INC.

            
	 	 
	
              By:
                

            	 
	 	
              Name:
                Chen Zhong

            
	 	
              Title:
                Chief Executive Officer

            
	 	 
	 
	 	
              Shao
                Ganghua

            
	 	 
	
              Number
                of Shares of Common Stock Beneficially

            
	 	 
	
              Owned
                at Closing:

            
	 	 
	 
	 	
              Chen
                Zhong

            

    

     

    
      
         

      

      
        6

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