Document:

Form of Purchase Option to be granted to the Representative

 Exhibit 4.5 
 THE REGISTERED HOLDER OF THIS UNIT PURCHASE OPTION BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS UNIT PURCHASE OPTION, EXCEPT AS HEREIN PROVIDED, AND THE REGISTERED HOLDER OF THIS UNIT PURCHASE OPTION
AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS UNIT PURCHASE OPTION FOR A PERIOD OF ONE (1) YEAR FOLLOWING THE EFFECTIVE DATE (AS DEFINED BELOW) TO ANYONE OTHER THAN (A) AN UNDERWRITER OR A SELECTED DEALER IN
CONNECTION WITH THE OFFERING, OR (B) A BONA FIDE OFFICER OR PARTNER OF ANY SUCH UNDERWRITER OR SELECTED DEALER. 
  THIS UNIT PURCHASE OPTION IS NOT
EXERCISABLE PRIOR TO THE LATER OF THE CONSUMMATION BY TRANS-INDIA ACQUISITION CORPORATION (THE “COMPANY”) OF A MERGER, CAPITAL STOCK EXCHANGE, ASSET ACQUISITION OR OTHER SIMILAR BUSINESS COMBINATION (THE “BUSINESS COMBINATION”)
(AS DESCRIBED MORE FULLY IN THE COMPANY’S REGISTRATION STATEMENT (AS DEFINED BELOW)) OR                     , 2008. VOID AFTER 5:00 P.M.
EASTERN TIME,                     , 2012. 
  UNIT PURCHASE OPTION 
 FOR THE PURCHASE OF 
 500,000 UNITS 
 OF 

TRANS-INDIA ACQUISITION CORPORATION 
 1. Unit
Purchase Option. 
  THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of I-Bankers Securities, Inc. (the
“Holder”), as registered owner of this Unit Purchase Option, to Trans-India Acquisition Corporation (the “Company”), the Holder is entitled, at any time or from time to time upon the later of the consummation of a Business
Combination or                     , 2008 (the “Commencement Date”), and at or before 5:00 p.m., Eastern Time
                    , 2012 (the “Expiration Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in part,
up to Five Hundred Thousand (500,000) units (the “Units”) of the Company, each Unit consisting of one share of common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one warrant (the
“Warrant(s)”) expiring five (5) years from the effective date (the “Effective Date”) of the registration statement pursuant to which Units are offered for sale to the public (the “Offering”) and pursuant to which
this Unit Purchase Option and the underlying Units, Common Stock and Warrants were initially registered under the Securities Act of 1933, as amended (the “Act”). Each Warrant is the same as the warrants included in the Units being
registered for sale to the public (the “Public Warrants”) under the Act, except that the exercise price of the Warrants shall be $6.25 per share (125% of the exercise price of the Units sold in the Offering). If the Expiration Date is a
day on which banking institutions are authorized by law to close, then 

 
this Unit Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. This Unit Purchase Option
is initially exercisable at $10.00 per Unit (125% of the price of the Units sold in the Offering) so purchased; provided, however, that upon the occurrence of any of the events specified in Section 8, the rights granted by this Unit Purchase
Option, including the exercise price per Unit and the number of Units (and shares of Common Stock and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term “Exercise Price” shall mean the initial
exercise price or the adjusted exercise price, depending on the context. 
 2. Exercise. 
 2.1. Exercise Procedure. In order to exercise this Unit Purchase Option, the exercise form attached hereto must be duly executed and completed and
delivered to the Company, together with this Unit Purchase Option and payment of the Exercise Price for the Units being purchased payable in cash or by certified check or official bank check. If the subscription rights represented hereby shall not
be exercised at or before 5:00 p.m., Eastern time, on the Expiration Date this Unit Purchase Option shall become and be void without further force or effect, and all rights represented hereby shall cease and expire. 
 2.2. Legend. Each certificate for the securities purchased under this Unit Purchase Option shall bear a legend as follows unless such securities
have been registered under the Securities Act of 1933, as amended (the “Act”): 
 “The securities represented by this
certificate have not been registered under the Securities Act of 1933, as amended (the “Act”) or applicable state law. The securities may not be offered for sale, sold or otherwise transferred, except pursuant to an effective registration
statement under the Act or pursuant to an exemption from registration under the Act and applicable state law.” 
 2.3. Cashless
Exercise. In lieu of the payment of the Exercise Price multiplied by the number of Units for which this Unit Purchase Option is exercisable (and in lieu of being entitled to receive Common Stock and Warrants) in the manner required by
Section 2.1, the Holder shall have the right (but not the obligation) to convert any exercisable but unexercised portion of this Unit Purchase Option into Units (the “Conversion Right”) as follows: upon exercise of the Conversion
Right, the Company shall deliver to the Holder (without payment by the Holder of any of the Exercise Price in cash) that number of shares of Common Stock and Warrants comprising that number of Units equal to the quotient obtained by dividing
(x) the “Value” (as defined below) of the portion of the Unit Purchase Option being converted by (y) the Current Market Value (as defined below). The “Value” of the portion of the Unit Purchase Option being converted
shall equal the remainder derived from subtracting (a) (i) the Exercise Price multiplied by (ii) the number of Units underlying the portion of this Unit Purchase Option being converted from (b) the Current Market Value of a Unit
multiplied by the number of Units underlying the portion of the Unit Purchase Option being converted. As used herein, the term “Current Market Value” per Unit at any date means the remainder derived from subtracting (x) the exercise
price of the Warrants multiplied by the number of shares of Common Stock issuable upon exercise of the Warrants underlying one Unit from (y) the Current Market Price of the Common Stock multiplied by the number of shares of Common Stock
underlying the Warrants and the Common 

  

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Stock issuable upon exercise of one Unit. The “Current Market Price” of a share of Common Stock shall mean (i) if the Common Stock is listed
on a national securities exchange or quoted on the NASDAQ National Market, NASDAQ SmallCap Market or NASD OTC Bulletin Board (or successor such as the Bulletin Board Exchange), the last sale price of the Common Stock in the principal trading market
for the Common Stock as reported by the exchange, NASDAQ or the NASD, as the case may be; (ii) if the Common Stock is not listed on a national securities exchange or quoted on the NASDAQ National Market, NASDAQ SmallCap Market or the NASD OTC
Bulletin Board (or successor such as the Bulletin Board Exchange), but is traded in the residual over-the-counter market, the closing bid price for the Common Stock on the last trading day preceding the date in question for which such quotations are
reported by the Pink Sheets, LLC or similar publisher of such quotations; and (iii) if the fair market value of the Common Stock cannot be determined pursuant to clause (i) or (ii) above, such price as the Board of Directors of the
Company shall determine, in good faith. 
 2.4. Mechanics of Cashless Exercise. The Cashless Exercise Right may be exercised by the
Holder on any business day on or after the Commencement Date and not later than the Expiration Date by delivering the Unit Purchase Option with the duly executed exercise form attached hereto with the cashless exercise section completed to the
Company, exercising the Cashless Exercise Right and specifying the total number of Units the Holder will purchase pursuant to such Cashless Exercise Right. 
 3. Transfer. 
  3.1. Restrictions—General. The Holder of this Unit Purchase Option, by its acceptance hereof,
agrees that it will not sell, transfer, assign, pledge or hypothecate this Unit Purchase Option for a period of 180 days following the Effective Date to anyone other than (i) an underwriter or a selected dealer in connection with the Offering,
or (ii) a bona fide officer or partner of any such underwriter or selected dealer. On and after the first anniversary of the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities
laws. In order to make any permitted assignment, the Holder must deliver to the Company the assignment form attached hereto duly executed and completed, together with this Unit Purchase Option and payment of all transfer taxes, if any, payable in
connection therewith. The Company shall within five business days transfer this Unit Purchase Option on the books of the Company and shall execute and deliver a new Unit Purchase Option or Unit Purchase Options of like tenor to the appropriate
assignee(s) expressly evidencing the right to purchase the aggregate number of Units purchasable hereunder or such portion of such number as shall be contemplated by any such assignment. 
 3.2. Restrictions—Securities. The securities evidenced by this Unit Purchase Option shall not be transferred unless and until (i) the
Company has received the opinion of counsel for the Holder that the securities may be transferred pursuant to an exemption from registration under the Act and applicable state securities laws, the availability of which is established to the
reasonable satisfaction of the Company (the Company hereby agreeing that the opinion of Dilworth Paxson LLP shall be deemed satisfactory evidence of the availability of an exemption), or (ii) a registration statement or a post-effective
amendment to the registration statement relating to such securities has been filed by the Company and declared effective by the Securities and Exchange Commission (the “Commission”) and compliance with applicable state securities law has
been established. 
   

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 4. New Unit Purchase Options to be Issued. 
 4.1. Partial Exercise. Subject to the restrictions in Section 3, this Unit Purchase Option may be exercised or assigned in whole or in part.
In the event of the exercise or assignment hereof in part only, upon surrender of this Unit Purchase Option for cancellation, together with the duly executed exercise or assignment form and funds sufficient to pay any Exercise Price and/or transfer
tax, the Company shall cause to be delivered to the Holder without charge a new Unit Purchase Option of like tenor to this Unit Purchase Option in the name of the Holder evidencing the right of the Holder to purchase the number of Units purchasable
hereunder as to which this Unit Purchase Option has not been exercised or assigned. 
 4.2. Loss, Theft, Destruction. Upon receipt by
the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Unit Purchase Option and of reasonably satisfactory indemnification or the posting of a bond, the Company shall execute and deliver a new Unit Purchase
Option of like tenor and date. Any such new Unit Purchase Option executed and delivered as a result of such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation on the part of the Company. 
 5. Registration Rights. 
 5.1. Demand
Registration. 
  5.1.1. Grant of Demand Right. The Company, upon the receipt of the Initial Demand Notice (as defined below) of
the Holder(s) (collectively, the “Demanding Holders”) of a majority-in-interest of the aggregate Registrable Securities (as defined below) subject to the Unit Purchase Options (such percentage to be calculated based upon the total number
of shares of Common Stock, directly or indirectly, underlying the Unit Purchase Options), agrees to register at its expense on no more than one (1) occasion, all or any portion of the Registrable Securities requested by the Demanding Holders in the
Initial Demand Notice. The term “Registrable Securities” shall mean all of the securities underlying the Unit Purchase Options, including the Units, Common Stock, the Warrants and the Common Stock underlying the Warrants. As to any
particular Registrable Securities, such securities shall cease to be Registrable Securities when: (A) a registration statement with respect to the sale of such securities shall have become effective under the Act and such securities shall have
been sold, transferred, disposed of or exchanged in accordance with such registration statement; (B) such securities shall have been otherwise transferred, new certificates for them not bearing a legend restricting further transfer shall have
been delivered by the Company and subsequent public distribution of them shall not require registration under the Securities Act; or (C) such securities shall have ceased to be outstanding. In addition, the term Registrable Securities shall not
include any securities held by any Holder if such securities are then saleable under Rule 144 in the opinion of counsel to the Company. With respect to such registration request, the Company will use its commercially reasonable efforts to file a
registration statement covering the Registrable Securities as soon as reasonably practicable, but no later sixty (60) days after the Company receives notice from the Demanding Holders indicating their desire that the Company commence the
preparation of and effect the filing of a registration statement with the Commission as to the Registrable Securities (the “Initial Demand 

   

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Notice”), and, upon filing, use its commercially reasonable efforts to have such registration statement declared effective as soon as reasonably
practicable thereafter; provided, that the Company shall be deemed to have complied with its obligation hereunder so long as it has made such commercially reasonable efforts. Notwithstanding the foregoing, if the Company provides the Demanding
Holders notice of a Blackout Period within seven business days after it receives the Initial Demand Notice, then (A) the Company’s obligation to take any action pursuant to this Section 5.1.1, including to file a registration
statement covering the Registrable Securities, shall be suspended during the Blackout Period; (B) the Initial Demand Notice shall thereupon be deemed to have been received, for purposes of determining the timing of any obligation of the Company
under this Section 5.1.1 to register the Registrable Securities, on the first business day immediately following the termination of the Blackout Period; and (C) the Company will use its commercially reasonable efforts to file a
registration statement covering the Registrable Securities as soon as reasonably practicable after the termination of the Blackout Period, but no later than sixty (60) days after the termination of the Blackout Period and, upon filing, use its
commercially reasonable efforts to have such registration statement declared effective as soon as practicable thereafter. An Initial Demand Notice shall be effective only if it is received by the Company during the period beginning on the Effective
Date and ending on the fifth anniversary of the Effective Date. The Company shall give written notice of its receipt of any Initial Demand Notice from any Holder(s) to all other registered Holders of the Registrable Securities within ten business
days from the date of receipt of any such Initial Demand Notice. Once made, a request for registration pursuant to an Initial Demand Notice provided in accordance with this Section may not be revoked, except that such a request for registration
pursuant to an Initial Demand Notice may be revoked (and shall not be deemed to have been made for purposes of determining the rights of the Demanding Holders under this Section), if (A) the Demanding Holders have received a notice of a
Blackout Period from the Company and (B) the Demanding Holders provide written notice to the Company within twenty (20) days of receipt of any such notice of a Blackout Period requesting such revocation for the purpose of preserving the
right to request registration pursuant to an Initial Demand Notice at a time subsequent thereto. For the avoidance of doubt, the Company may not delay the ability of the Demanding Holders to exercise their registration rights under this Agreement by
way of giving notice of a Blackout Period more than once during any 12 month period, and any notice of a Blackout Period given by the Company to the Demanding Holders shall not be made within four months of any previous Blackout Period notice given
by the Company. 
  For purposes of this Agreement, “Blackout Period” shall mean the period (A) beginning ninety
(90) days prior to the date the Company expects to file a registration statement for a public offering (other than a registration statement relating to any employee benefit plan, or a registration statement related solely to stock issued upon
conversion of debt securities) and, in the event no such registration statement is filed, ending on the earlier of ninety (90) days thereafter or the date that the Company no longer expects to file such registration statement or, in the event
such a registration statement is filed, ending on the last day of the distribution (as contemplated in Regulation M under the Securities Exchange Act of 1934, as amended) of such public offering of securities, or (B) beginning on the date
following a determination of the Company’s board of directors made in the good faith judgment of such board of directors that it 

  

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would be materially detrimental to the Company and its stockholders for such registration statement to be effected at such time, ending on the earlier of
ninety (90) days thereafter or the date on which the Company’s board of directors determines that it would no longer be materially detrimental to the Company and its stockholders for such Registration to be effected at such time.

 5.1.2. Effective Registration. A registration will not count as a Demand Registration until the registration statement filed with
the Commission with respect to such Demand Registration has been declared effective and the Company has complied with all of its obligations under this Agreement with respect thereto. 
 5.1.3. Underwritten Offering. If a majority-in-interest of the Demanding Holders so elect and such Holders so advise the Company as part of their
written demand for a Demand Registration, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering. In such event, the right of any Holder to include its Registrable Securities
in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Demanding Holders shall enter
into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting by a majority-in-interest of the Holders initiating the Demand Registration. 
 5.1.4. Reduction of Offering. If the managing underwriter or underwriters for a Demand Registration that is to be an underwritten offering advises
the Company and the Demanding Holders in writing that the dollar amount or number of shares of Registrable Securities which the Demanding Holders desire to sell, taken together with all other shares of Common Stock or other securities which the
Company desires to sell and the shares of Common Stock, if any, as to which registration has been requested pursuant to written contractual piggy-back registration rights held by other stockholders of the Company who desire to sell, exceeds the
maximum dollar amount or maximum number of shares that can be sold in such offering without adversely affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering (such maximum dollar
amount or maximum number of shares, as applicable, the “Maximum Number of Shares”), then the Company shall include in such registration: (A) first, the Registrable Securities as to which Demand Registration has been requested by the
Demanding Holders (pro rata in accordance with the number of shares of Registrable Securities which such Demanding Holder has requested be included in such registration, regardless of the number of shares of Registrable Securities held by each
Demanding Holder) that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other securities
that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), the shares of Common
Stock for the account of other persons that the Company is obligated to register pursuant to written contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of Shares; and (D) fourth, to the extent
that the Maximum Number of Shares have not been reached under the foregoing clauses (A), (B), and (C), the shares of Common Stock that other security holders desire to sell that can be sold without exceeding the Maximum Number of Shares. 

 

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 5.1.5. Withdrawal. If a majority-in-interest of the Demanding Holders disapprove of the terms of
any underwriting or are not entitled to include all of their Registrable Securities in any offering, such majority-in-interest of the Demanding Holders may elect to withdraw from such offering by giving written notice to the Company and the
underwriter or underwriters of their request to withdraw prior to the effectiveness of the registration statement filed with the Commission with respect to such Demand Registration. If the majority-in-interest of the Demanding Holders withdraws from
a proposed offering relating to a Demand Registration, then such registration shall not count as a Demand Registration provided for in this Section 5.1. 
 5.2. Piggy-Back Registration. 
  5.2.1. Grant of Piggy-Back Rights. If at any time on or
after the Commencement Date and prior to the seventh (7th) anniversary of the Effective Date the Company proposes to file a registration statement under the Securities Act with respect to an offering of equity securities, or securities or other
obligations exercisable or exchangeable for, or convertible into, equity securities, by the Company for its own account or for stockholders of the Company for their account (or by the Company and by stockholders of the Company including, without
limitation, pursuant to Section 5.1), other than a registration statement (A) filed in connection with any employee stock option or other benefit plan, (B) for an exchange offer or offering of securities solely to the Company’s
existing stockholders, (C) for an offering of debt that is convertible into equity securities of the Company, or (D) for a dividend reinvestment plan, then the Company shall (x) give written notice of such proposed filing to the
Holders of Registrable Securities as soon as practicable but in no event less than ten business days before the anticipated filing date, which notice shall describe the amount and type of securities to be included in such offering, the intended
method(s) of distribution, and the name of the proposed managing underwriter or underwriters, if any, of the offering, and (y) offer to the Holders of Registrable Securities in such notice the opportunity to register the sale of such number of
shares of Registrable Securities as such Holders may request in writing within five business days following receipt of such notice (a “Piggy-Back Registration”). For purposes of a Piggy-Back Registration (and not in the case of a Demand
Registration), the exclusion from the definition of “Registrable Securities” as to Registrable Securities which are then saleable under Rule 144 contained in the last sentence of the definition of “Registrable Securities” shall
be inapplicable. The Company shall cause such Registrable Securities to be included in such registration and shall use its commercially reasonable efforts to cause the managing underwriter or underwriters of a proposed underwritten offering to
permit the Registrable Securities requested to be included in a Piggy-Back Registration to be included on the same terms and conditions as any similar securities of the Company and to permit the sale or other disposition of such Registrable
Securities in accordance with the intended method(s) of distribution thereof. All Holders of Registrable Securities proposing to distribute their securities through a Piggy-Back Registration that involves an underwriter or underwriters shall enter
into an underwriting agreement in customary form with the underwriter or underwriters selected for such Piggy-Back Registration. 
  5.2.2. Reduction of Offering. If the managing underwriter or underwriters for a Piggy-Back Registration that is to be an underwritten offering advises the Company and the Holders of Registrable Securities in writing that the dollar
amount or number of shares of Common Stock which the Company desires to sell, taken together with shares of Common 

  

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Stock, if any, as to which registration has been demanded pursuant to written contractual arrangements with persons other than the Holders of Registrable
Securities hereunder, the Registrable Securities as to which registration has been requested under this Section 5.2, and the shares of Common Stock, if any, as to which registration has been requested pursuant to the written contractual
piggy-back registration rights of other stockholders of the Company, exceeds the Maximum Number of Shares, then the Company shall include in any such registration: 
 If the registration is undertaken for the Company’s account: (A) first, the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number
of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock, if any, including the Registrable Securities, as to which registration has been requested
pursuant to written contractual piggy-back registration rights of security Holders (pro rata in accordance with the number of shares of Common Stock which each such person has actually requested to be included in such registration, regardless of the
number of shares of Common Stock with respect to which such persons have the right to request such inclusion) that can be sold without exceeding the Maximum Number of Shares; and 
 If the registration is a “demand” registration undertaken at the demand of persons other than the Holders of Registrable Securities pursuant to
written contractual arrangements with such persons, (A) first, the shares of Common Stock for the account of the demanding persons that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum
Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; and (C) third, to the extent
that the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), the Registrable Securities as to which registration has been requested under this Section 5.2 and any Shares as to which registration has been
requested pursuant to written contractual piggy-back registration rights which other stockholders desire to sell that can be sold without exceeding the Maximum Number of Shares (pro rata in accordance with the number of shares of Registrable
Securities held by each such Holder). 
 5.2.3. Withdrawal. Any Holder of Registrable Securities may elect to withdraw such
Holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of the registration statement. The Company may also elect to
withdraw a registration statement at any time prior to the effectiveness of the registration statement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the Holders of Registrable Securities in connection with such
Piggy-Back Registration as provided in Section 6.13. 
 5.3. Registrations on Form S-3. The Holders of a majority in interest of
Registrable Securities may at any time and from time to time, request in writing that the Company register the resale of any or all of such Registrable Securities on Form S-3 or any similar short-form registration which may be available at such time
(“Form S-3”); provided, however, that the Company shall not be obligated to effect such request through an underwritten offering. Upon receipt of such written request, the Company will promptly give written notice of the proposed
registration to all other Holders of Registrable Securities, and, as soon as practicable thereafter, 

  

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effect the registration of all or such portion of such Holder’s or Holders’ Registrable Securities as are specified in such request, together with
all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within fifteen (15) business days after receipt of such written notice from the Company;
provided, however, that the Company shall not be obligated to effect any such registration pursuant to this Section 5.3 if Form S-3 is not available for such offering. Registrations effected pursuant to this Section 5.3 shall not be
counted as a Demand Registration effected pursuant to Section 5.1. 
 6. Registration Procedures. 
 6.1. Limitations. Notwithstanding anything herein to the contrary, the Company shall not be obligated to effect any registration pursuant to
Section 5.1 of this Agreement if the Holders of the Registrable Securities, together with the Holders of any other securities of the Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other
securities (if any) at an aggregate price to the public of less than $500,000; provided, further, that the Company shall not be obligated to file a second registration statement until a registration statement that has been filed is counted as a
Demand Registration or is terminated or withdrawn. 
 6.2. Copies. The Company shall, prior to filing a registration statement or
prospectus, or any amendment or supplement thereto, furnish without charge to the Holders of Registrable Securities included in such registration, and such Holders’ legal counsel, copies of such registration statement as proposed to be filed,
each amendment and supplement to such registration statement (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such registration statement (including each preliminary
prospectus), and such other documents as the Holders of Registrable Securities included in such registration or legal counsel for any such Holders may request in order to facilitate the disposition of the Registrable Securities owned by such
Holders. 
 6.3. Amendments and Supplements. Subject to the provisions of Section 6.12, the Company shall use its commercially
reasonable efforts to prepare and file with the Commission such amendments, including post-effective amendments, and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such
registration statement effective and in compliance with the provisions of the Securities Act until all Registrable Securities and other securities covered by such registration statement have been disposed of in accordance with the intended method(s)
of distribution set forth in such registration statement (which period shall not exceed the sum of 180 days plus any period during which any such disposition is interfered with by any stop order or injunction of the Commission or any governmental
agency or court and, any period of suspension pursuant to Section 6.12) or such securities have been withdrawn from such registration. 
 6.4. Notification. After the filing of a registration statement, the Company shall promptly, and in no event more than two business days after such filing, notify the Holders of Registrable Securities included in such registration
statement of such filing, and shall further notify such Holders promptly and confirm such advice in writing in all events within two business days of the occurrence of any of the following: (i) when such registration statement 

  

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becomes effective; (ii) when any post-effective amendment to such registration statement becomes effective; (iii) the issuance or threatened
issuance by the Commission of any stop order (and the Company shall take all actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any request by the Commission for any amendment or supplement to such
registration statement or any prospectus relating thereto or for additional information or of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of
the securities covered by such registration statement, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not
misleading, and promptly make available to the Holders of Registrable Securities included in such registration statement any such supplement or amendment; except that before filing with the Commission a registration statement or prospectus or any
amendment or supplement thereto, including documents incorporated by reference, the Company shall furnish to the Holders of Registrable Securities included in such registration statement and to the legal counsel for any such Holders, copies of all
such documents proposed to be filed sufficiently in advance of filing to provide such Holders and legal counsel with a reasonable opportunity to review such documents and comment thereon, and the Company shall not file any registration statement or
prospectus or amendment or supplement thereto, including documents incorporated by reference, to which such Holders or their legal counsel shall object. 
 6.5. State Securities Laws Compliance. The Company shall use its commercially reasonable efforts to (i) register or qualify the Registrable Securities covered by the registration statement under such
securities or “blue sky” laws of such jurisdictions in the United States as the Holders of Registrable Securities included in such registration statement (in light of their intended plan of distribution) may request and (ii) take such
action necessary to cause such Registrable Securities covered by the registration statement to be registered with or approved by such other Governmental Authorities as may be necessary by virtue of the business and operations of the Company and do
any and all other acts and things that may be necessary or advisable to enable the Holders of Registrable Securities included in such registration statement to consummate the disposition of such Registrable Securities in such jurisdictions;
provided, however, that the Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 6.5 or subject itself to taxation in any such
jurisdiction. 
 6.6. Agreements for Disposition. The Company shall enter into customary agreements (including, if applicable, an
underwriting agreement in customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities. The representations, warranties and covenants of the Company in any
underwriting agreement which are made to or for the benefit of any underwriters, to the extent applicable, shall also be made to and for the benefit of the Holders of Registrable Securities included in such registration statement. No Holder of
Registrable Securities included in such registration statement shall be required to make any representations or warranties in the underwriting agreement except, if applicable, with respect to such Holder’s organization, good standing,
authority, title to Registrable Securities, lack of conflict of such sale with such Holder’s material agreements and organizational documents, and with respect to written information relating to such Holder that such Holder has furnished in
writing expressly for inclusion in such registration statement. 
  

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 6.7. Cooperation. The principal executive officer of the Company, the principal financial officer
of the Company, the principal accounting officer of the Company and all other officers and members of the management of the Company shall cooperate fully in any offering of Registrable Securities hereunder, which cooperation shall include, without
limitation, the preparation of the registration statement with respect to such offering and all other offering materials and related documents, and participation in meetings with underwriters, attorneys, accountants and potential Holders.

 6.8. Records. The Company shall make available for inspection by the Holders of Registrable Securities included in such
registration statement, any underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other professional retained by any Holder of Registrable Securities included in such registration
statement or any underwriter, all financial and other records, pertinent corporate documents and properties of the Company, as shall be necessary to enable them to exercise their due diligence responsibility, and cause the Company’s officers,
directors and employees to supply all information requested by any of them in connection with such registration statement. 
 6.9.
Delivery of Opinions and Other Documents. The Company shall furnish I-Bankers Securities, Inc. (“I-Bankers”), as representative of the Holders participating in any of the foregoing offerings, in the event that it is a Demanding
Holder with respect to a registration statement to be filed pursuant to Section 5.1.1, a signed counterpart, addressed to the participating Holders, of (i) an opinion of counsel to the Company, dated the effective date of such registration
statement (and, if such registration includes an underwritten public offering, an opinion dated the date of the closing under any underwriting agreement related thereto), and (ii) a “cold comfort” letter dated the effective date of
such registration statement (and, if such registration includes an underwritten public offering, a letter dated the date of the closing under the underwriting agreement) signed by the independent public accountants who have issued a report on the
Company’s financial statements included in such registration statement, in each case covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of such
accountants’ letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer’s counsel and in accountants’ letters delivered to underwriters in underwritten public
offerings of securities. The Company shall also deliver promptly to I-Bankers, as representative of the Holders participating in the offering, the correspondence and memoranda described below and copies of all correspondence between the Commission
and the Company, its counsel or auditors and all memoranda relating to discussions with the Commission or its staff with respect to the registration statement and permit I-Bankers, as representative of the Holders, to do such investigation, upon
reasonable advance notice, with respect to information contained in or omitted from the registration statement as it deems reasonably necessary to comply with applicable securities laws or rules of the National Association of Securities Dealers,
Inc. (the “NASD”). Such investigation shall include access to books, records and properties and opportunities to discuss the business of the Company with its officers and independent auditors, all to such reasonable extent and at such
reasonable times and as often as I-Bankers, as representative of the Holders, shall reasonably request. The Company shall not be required to disclose any confidential information or other records to I-Bankers, as representative of the Holders, or to
any other person, until and unless such persons shall have entered into reasonable confidentiality agreements (in form and substance reasonably satisfactory to the Company), with the Company with respect thereto. 
  

 11 

 6.10. Earnings Statement. The Company shall comply with all applicable rules and regulations of
the Commission and the Securities Act, and make available to its stockholders, as soon as practicable, an earnings statement covering a period of 12 months, beginning within three months after the effective date of the registration statement, which
earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder. 
 6.11. Listing.
The Company shall use its commercially reasonable efforts to cause all Registrable Securities included in any registration statement to be listed on such exchanges or otherwise designated for trading in the same manner as similar securities issued
by the Company are then listed or designated or, if no such similar securities are then listed or designated, in a manner satisfactory to the Holders of a majority of the Registrable Securities included in such registration. 
 6.12. Obligation to Suspend Distribution. If after a registration statement relating to the registration of Registrable Securities under
Section 5 has been declared effective (“Effective Registration Statement”), upon the good faith determination by the Board of Directors of the Company that it is reasonably necessary to suspend the use of such Effective Registration
Statement or sales of Registrable Securities by Holders under such Effective Registration Statement, the Company may, upon written notice (the “Suspension Notice”) to I-Bankers, as representative of the Holders, direct the Holders to
suspend the use of or sales under such Effective Registration Statement. Upon the occurrence of any such suspension, the Company shall use its commercially reasonable efforts to take or cause to be taken such action as is necessary to permit resumed
use of such Effective Registration Statement promptly following the cessation of the Suspension Event giving rise to such suspension so as to permit the Holders to resume use of and sales under such Effective Registration Statement as soon as
practicable thereafter. Upon cessation of the Suspension Event giving rise to such suspension, the Company shall promptly provide I-Bankers with prompt written notice that the Suspension Event has ceased (the “End of Suspension Notice”).
The Holders shall not effect any sales of the Registrable Securities pursuant to such Effective Registration Statement at any time after it has received a Suspension Notice from the Company and prior to receipt of an End of Suspension Notice. If so
directed by the Company in a Suspension Notice, each Holder will deliver to the Company (at the expense of the Company) all copies, other than permanent file copies then in such Holder’s possession, of any prospectuses covering the Registrable
Securities at the time of receipt of such Suspension Notice. 
 6.13. Registration Expenses. The Company shall bear all costs and
expenses incurred by the Company in connection with any Demand Registration pursuant to Section 5.1, any Piggy-Back Registration pursuant to Section 5.2, and any registration on Form S-3 effected pursuant to Section 5.3, and all
expenses incurred in performing or complying with its other obligations under this Agreement, whether or not the registration statement becomes effective, including, without limitation: (i) all registration and filing fees; (ii) fees and
expenses of compliance with securities or “blue sky” laws (including fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities); (iii) printing expenses; (iv) the Company’s
internal expenses (including, without limitation, all salaries and expenses of its officers and employees); (v) the fees and expenses incurred in connection with the listing of the 

  

 12 

 
Registrable Securities as required by Section 6.11; (vi) National Association of Securities Dealers, Inc. fees; (vii) fees and disbursements
of counsel for the Company and fees and expenses for independent certified public accountants retained by the Company (including the expenses or costs associated with the delivery of any opinions or comfort letters requested pursuant to
Section 6.9); and (viii) the fees and expenses of any special experts retained by the Company in connection with such registration. The Company shall have no obligation to pay any underwriting discounts or selling commissions attributable
to the Registrable Securities being sold by the Holders thereof, which underwriting discounts or selling commissions shall be borne by such Holders. Additionally, in an underwritten offering, all selling stockholders and the Company shall bear the
expenses of the underwriter pro rata in proportion to the respective amount of shares each is selling in such offering. The Holders of Registrable Securities shall bear all costs and expenses incurred by them in connection with any such
registration, except to the extent specifically provided in this Section 6.13. 
 6.14. Information. The Holders of Registrable
Securities shall provide such information as may reasonably be requested by the Company, or the managing underwriter, if any, in connection with the preparation of any registration statement, including amendments and supplements thereto, in order to
effect the registration of any Registrable Securities under the Securities Act pursuant to Section 5 and in connection with the Company’s obligation to comply with federal and applicable state securities laws. 
 7. Miscellaneous Registration Rights Provisions. 
 7.1. Indemnification. The Company shall indemnify the Holder(s) of the Registrable Securities to be sold pursuant to any registration statement hereunder and each person, if any, who controls such Holder within the meaning of
Section 15 of the Act or Section 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), against all loss, claim, damage, expense or liability (including all reasonable attorneys’ fees and other
expenses reasonably incurred in investigating, preparing or defending against litigation, commenced or threatened, or any claim whatsoever whether arising out of any action between the underwriter of any offering covered by a registration statement
subject to Sections 5.1 or 5.2 hereof and the Company or between any such underwriter and any third party or otherwise) to which any of them may become subject under the Act, the Exchange Act or otherwise, arising from such registration statement
but only to the same extent and with the same effect pursuant to which the Company has agreed, pursuant to Section 5 of the Underwriting Agreement (the “Underwriting Agreement”) among the Company, the representatives of the
underwriters and the other underwriters named therein dated the Effective Date. The Holder(s) of the Registrable Securities to be sold pursuant to such registration statement and their, successors and assigns, shall severally, and not jointly,
indemnify the Company, its officers and directors and each person, if any, who controls the Company within the meaning of Section 15 of the Act or Section 20(a) of the Exchange Act, against all loss, claim, damage, expense or liability
(including all reasonable attorneys’ fees and other expenses reasonably incurred in investigating, preparing or defending against any claim whatsoever) to which they may become subject under the Act, the Exchange Act or otherwise, arising from
information furnished by or on behalf of such Holder, or its successors or assigns, in writing, for specific inclusion in such registration statement to the same extent and with the same effect as the provisions contained in Section 5 of the
Underwriting Agreement pursuant to which the underwriters thereunder have agreed to indemnify the Company. 
  

 13 

 7.2. No Obligation to Exercise. Nothing contained in this Unit Purchase Option shall be construed
as requiring the Holder(s) to exercise their Unit Purchase Options or Warrants underlying such Unit Purchase Options prior to or after the initial filing of any registration statement or the effectiveness thereof. 
 7.3. Underwriting Agreement. The Company shall enter into an underwriting agreement with the managing underwriter(s), if any, selected by any
Holders whose Registrable Securities are being registered pursuant to Section 5.1, which managing underwriter shall be reasonably acceptable to the Company. Such agreement shall be reasonably satisfactory in form and substance to the Company,
each Holder and such managing underwriters, and shall contain such representations, warranties and covenants by the Company and such other terms as are customarily contained in agreements of that type used by the managing underwriter. The Holders
shall be parties to any underwriting agreement relating to an underwritten sale of their Registrable Securities and may, at their option, require that any or all the representations, warranties and covenants of the Company to or for the benefit of
such underwriters shall also be made to and for the benefit of such Holders. Such Holders shall not be required to make any representations or warranties to or agreements with the Company or the underwriters except as they may relate to such Holders
and their intended methods of distribution. Such Holders, however, shall agree to such covenants and indemnification and contribution obligations for selling stockholders as are customarily contained in agreements of that type used by the managing
underwriter. Further, such Holders shall execute appropriate custody agreements and otherwise cooperate fully in the preparation of the registration statement and other documents relating to any offering in which they include securities pursuant to
Section 5. Each Holder shall also furnish to the Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as shall be reasonably required to effect the
registration of the Registrable Securities. 
 8. Adjustments. 
 8.1. Exercise Price and Number of Securities. The Exercise Price and the number of Units underlying the Unit Purchase Option shall be subject to adjustment from time to time as hereinafter set forth:

 8.1.1. If after the date hereof, and subject to the provisions of Section 8.3 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 thereof, the number of shares of Common Stock underlying each of the Units purchasable
hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable
hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Unit Purchase Option is for the purchase of one Unit at $10.00 per
whole Unit (each Warrant underlying the Units is exercisable for $6.25 per share), upon effectiveness of the dividend, this Unit Purchase Option will be adjusted to allow for the purchase of one Unit at $10.00 per Unit, each Unit entitling the
Holder to receive two shares of Common Stock and two Warrants (each Warrant exercisable for $3.125 per share). 
  

 14 

 8.1.2. If after the date hereof, and subject to the provisions of Section 8.3, the number of
outstanding shares of Common Stock is decreased by a consolidation, combination or reclassification of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the
Units purchasable hereunder shall be decreased in proportion to such decrease in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, issuable upon exercise of the Warrants included in
each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. 
 8.1.3. In case of any
reclassification or reorganization of the outstanding shares of Common Stock other than a change covered by Section 8.1.1 or 8.1.2 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 property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Holder of this Unit
Purchase Option shall have the right thereafter (until the expiration of the right of exercise of this Unit Purchase Option) to receive upon the exercise hereof, for the same aggregate Exercise Price payable hereunder immediately prior to such
event, 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, by a Holder of
the number of shares of Common Stock of the Company obtainable upon exercise of this Unit Purchase Option and the underlying Warrants immediately prior to such event; and if any reclassification also results in a change in shares of Common Stock
covered by Section 8.1.1 or 8.1.2, then such adjustment shall be made pursuant to Sections 8.1.1, 8.1.2 and this Section 8.1.3. The provisions of this Section 8.1.3 shall similarly apply to successive reclassifications,
reorganizations, mergers or consolidations, sales or other transfers. 
 8.1.4. This form of Unit Purchase Option need not be changed because
of any change pursuant to this Section, and Unit Purchase Options issued after such change may state the same Exercise Price and the same number of Units as are stated in the Unit Purchase Options initially issued pursuant to this Agreement. The
acceptance by any Holder of the issuance of new Unit Purchase Options reflecting a required or permissive change shall not be deemed to waive any rights to an adjustment occurring after the Commencement Date or the computation thereof. 

8.2. Substitute Unit Purchase Option. In case of any consolidation of the Company with, or merger of the Company with, or merger of the Company
into, another corporation (other than a consolidation or merger which does not result in any reclassification or change of the outstanding Common Stock), the corporation formed by such consolidation or merger shall execute and deliver to the Holder
a supplemental Unit Purchase Option providing that the Holder of each Unit Purchase Option then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Unit Purchase Option) to receive, upon exercise of
such Unit Purchase Option, the kind and amount of shares of stock and other securities and property 

  

 15 

 
receivable upon such consolidation or merger, by a holder of the number of shares of Common Stock of the Company for which such Unit Purchase Option might
have been exercised immediately prior to such consolidation, merger, sale or transfer. Such supplemental Unit Purchase Option shall provide for adjustments which shall be identical to the adjustments provided in Section 8. The above provision
of this Section shall similarly apply to successive consolidations or mergers. 
 8.3. Fractional Interests. The Company shall not be
required to issue certificates representing fractions of shares of Common Stock or Warrants upon the exercise of the Unit Purchase Option, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent
of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of Warrants, shares of Common Stock or other securities, properties or rights. 
 9. Reservation and Listing. The Company shall at all times reserve and keep available out of its authorized shares of Common Stock, solely for the purpose of
issuance upon exercise of the Unit Purchase Options or the Warrants underlying the Unit Purchase Option, such number of shares of Common Stock or other securities, properties or rights as shall be issuable upon the exercise thereof The Company
covenants and agrees that, upon exercise of the Unit Purchase Options and payment of the Exercise Price therefor, all shares of Common Stock and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-
assessable and not subject to preemptive rights of any stockholder. The Company further covenants and agrees that upon exercise of the Warrants underlying the Unit Purchase Options and payment of the respective Warrant exercise price therefor, all
shares of Common Stock and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any stockholder. As long as the Unit Purchase Options shall be
outstanding, the Company shall use its best efforts to cause all (i) Units and shares of Common Stock issuable upon exercise of the Unit Purchase Options, (iii) Warrants issuable upon exercise of the Unit Purchase Options and
(iv) shares of Common Stock issuable upon exercise of the Warrants included in the Units issuable upon exercise of the Unit Purchase Option to be listed (subject to official notice of issuance) on all securities exchanges (or, if applicable on
the NASDAQ National Market, SmallCap Market, OTC Bulletin Board or any successor trading market) on which the Units, the Common Stock or the Public Warrants issued to the public in connection herewith may then be listed and/or quoted. In no event
shall the registered holder of this Unit Purchase Option or the Warrants underlying the Unit Purchase Option be entitled to receive a net cash settlement, shares of Common Stock or other consideration in lieu of physical settlement in shares of
Common Stock of the Company. 
 10. Certain Notice Requirements. 
 10.1. Right to Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote or consent as a stockholder for the election of directors or any other matter, or as having any rights
whatsoever as a stockholder of the Company. If, however, at any time prior to the expiration of the Unit Purchase Options and their exercise, any of the events described in Section 10.2 shall occur, then, in one or more of said events, the
Company shall give written notice of such event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer books for the determination of the stockholders entitled to such dividend, distribution, conversion or
exchange of securities or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify such record date or the date of the closing of the transfer books, as the case may be.
Notwithstanding the 

  

 16 

 
foregoing, the Company shall deliver to each Holder a copy of each notice given to the other stockholders of the Company at the same time and in the same
manner that such notice is given to the stockholders. 
 10.2. Enumerated Events. The Company shall be required to give the notice
described in this Section 10 upon one or more of the following events: (i) if the Company shall take a record of the holders of its shares of Common Stock for the purpose of entitling them to receive a dividend or distribution payable
otherwise than in cash, or a cash dividend or distribution payable otherwise than out of retained earnings, as indicated by the accounting treatment of such dividend or distribution on the books of the Company; (ii) the Company shall offer to
all the holders of its Common Stock any additional shares of capital stock of the Company or securities convertible into or exchangeable for shares of capital stock of the Company, or any option, right or warrant to subscribe therefore; or
(iii) a dissolution, liquidation or winding up of the Company (other than in connection with a consolidation or merger) or a sale of all or substantially all of its property, assets and business shall be proposed. 
 10.3. Adjustments. The Company shall, promptly after an event requiring any adjustment pursuant to Section 8 hereof, send notice to the
Holders of such event and adjustment (the “Adjustment Notice”). The Adjustment Notice shall describe the event causing the adjustment and the method of calculating same and shall be certified as being true and accurate by the
Company’s President and Chief Financial Officer or Treasurer. 
 10.4. Notice Delivery. All notices, requests, consents and other
communications under this Unit Purchase Option, other than as expressly set forth in Section 5.1, shall be in writing and shall be deemed to have been duly made when hand delivered, or mailed by overnight express mail or overnight private
courier service: (i) if to the registered Holder of the Unit Purchase Option, except as otherwise specifically provided in Section 6.9, to the address of such Holder as shown on the books of the Company; or (ii) if to the Company, to
the following address or to such other address as the Company may designate by notice to the Holders: 
 Trans-India Acquisition Corporation

 300 South Wacker Drive, Suite 1000 
 Chicago, IL 60606 
 Attn: Chief Executive Officer 
 with a copy to: 
 Hayden Bergman Rooney 
 Professional Corporation 
 150 Post Street,
Suite 650 
 San Francisco, CA 94108 
 Attn: Kevin K. Rooney, Esq. 
 11. Miscellaneous. 
 11.1. Amendments. The Company and I-Bankers may from time to time supplement or amend this Unit Purchase Option without the approval of any of the Holders in order to cure any 

  

 17 

 
ambiguity, to correct or supplement any provision contained herein that may be defective or inconsistent with any other provisions herein, or to make any
other provisions in regard to matters or questions arising hereunder that the Company and I-Bankers may deem necessary or desirable and that the Company and I-Bankers deem shall not adversely affect the interest of the Holders. All other
modifications or amendments shall require the written consent of and be signed by the party against whom enforcement of the modification or amendment is sought. 
 11.2. Headings. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the meaning or interpretation of any of the terms or provisions of
this Unit Purchase Option. 
 11.3. Entire Agreement. This Unit Purchase Option (together with the other agreements and documents
being delivered pursuant to or in connection with this Unit Purchase Option) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements and understandings of the parties,
oral and written, with respect to the subject matter hereof. 
 11.4. Binding Effect. This Unit Purchase Option shall inure solely to
the benefit of, and shall be binding upon, the Holder and the Company and their permitted assignees, respective successors, legal representative and assigns, and no other person shall have or be construed to have any legal or equitable right, remedy
or claim under or in respect of or by virtue of this Unit Purchase Option or any provisions herein contained. 
 11.5. Governing Law.
This Unit Purchase Option shall be governed by and construed and enforced in accordance with the laws of the State of Delaware, without giving effect to conflict of laws. The Company hereby agrees that any action, proceeding or claim against it
arising out of, or relating in any way to this Unit Purchase Option shall be brought and enforced in the courts of the State of Delaware or of the United States of America 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 inconvenient forum. Any 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 10 hereof. Such mailing shall be deemed personal service and shall be legal and binding
upon the Company in any action, proceeding or claim. The Company and the Holder agree that the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’ fees and expenses
relating to such action or proceeding and/or incurred in connection with the preparation therefor. 
 11.6. Waivers. The failure of
the Company or the Holder to at any time enforce any of the provisions of this Unit Purchase Option shall not be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Unit Purchase Option or any
provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision of this Unit Purchase Option. No waiver of any breach, non-compliance or non-fulfillment of any of the provisions of this Unit Purchase Option
shall be effective unless set forth in a written instrument executed by the party or parties against whom or which enforcement of such waiver is sought; and no waiver of any such breach, non-compliance or non-fulfillment 

  

 18 

 
shall be construed or deemed to be a waiver of any other or subsequent breach, non-compliance or non-fulfillment. 
 11.7. Counterparts. This Unit Purchase Option may be executed in one or more counterparts, and by the different parties hereto in separate
counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement, and shall become effective when one or more counterparts has been signed by each of the parties hereto and
delivered to each of the other parties hereto. 
 11.8. Exchange Agreement. As a condition of the Holder’s receipt and acceptance
of this Unit Purchase Option, the Holder agrees that, at any time prior to the complete exercise of this Unit Purchase Option by the Holder, if the Company and I-Bankers enter into an agreement (the “Exchange Agreement”), pursuant to which
they agree that all outstanding Unit Purchase Options will be exchanged for securities or cash or a combination of both, then the Holder agrees to participate in such exchange and become a party to the Exchange Agreement. 
 [Remainder of Page Intentionally Left Blank] 
  

 19 

  IN WITNESS WHEREOF, the Company has caused this Unit Purchase Option to be signed by its duly
authorized officer as of                     , 2007. 
   

			
	 TRANS-INDIA ACQUISITION CORPORATION

		
	 By:
	 	  
	 Name:
	 	 Bobba Venkatadri

	 Title:
	 	 President and Chief Executive Officer

  

 20 

 Form To Be Used To Exercise Unit Purchase Option 
 Trans-India Acquisition Corporation. 
 300 South Wacker Drive, Suite 1000 
 Chicago, IL 60606 
 Attn: Craig Colmar 
 Date:                     , 20     
 The undersigned hereby elects irrevocably to exercise all or a portion of the within Unit Purchase Option and to purchase
                     Units of Trans-India Acquisition Corporation and hereby makes payment of
$                     (at the rate of
$                     per Unit) in payment of the Exercise Price pursuant thereto. Please issue the Common Stock and Warrants as to which this
Unit Purchase Option is exercised in accordance with the instructions given below. 
 or 
 The undersigned hereby elects irrevocably to convert its right to purchase
                     Units purchasable under the within Unit Purchase Option by surrender of the unexercised portion of the attached Unit
Purchase Option (with a “Value” based of $                     based on a “Market Price” of
$                    ). Please issue the securities comprising the Units as to which this Unit Purchase Option is exercised in accordance with
the instructions given below. 
 Signature:
                                        
                                        

  

	Signature	Guaranteed:
                                        
                     

 INSTRUCTIONS FOR REGISTRATION OF SECURITIES 
  

			
		
	 Name:
	 	  
		 	 (Print in Block Letters)

		
	 Address:
	 	  
		 	  

 NOTICE: THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN UNIT
PURCHASE OPTION IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR BY A FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES
EXCHANGE. 
  

 21 

 Form To Be Used To Assign Unit Purchase Option 
 ASSIGNMENT 
 (To be executed by the
Holder to effect a transfer of the within Unit Purchase Option) 
 FOR VALUE RECEIVED,
                                        
                     does hereby sell, assign and transfer unto
                                        
                 the right to purchase                     
Units of Trans-India Acquisition Corporation (the “Company”) evidenced by the within Unit Purchase Option and does hereby authorize the Company to transfer such right on the books of the Company. 
 Dated:                     , 20__ 
 Signature:
                                        
                                        

 Signature Guaranteed:
                                        
                     
 NOTICE: THE SIGNATURE TO THIS
FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN UNIT PURCHASE OPTION IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST
COMPANY OR BY A FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE. 
  

 22Form of Investment Management Trust Agreement

 Exhibit 10.3 
 INVESTMENT MANAGEMENT TRUST AGREEMENT 
  This Investment Management Trust Agreement Agreement
(this “Agreement”) is made as of                     , 2007 by and between Trans-India Acquisition Corporation, a Delaware
corporation (the “Company”) and Continental Stock Transfer & Trust Company, a New York corporation (the “Trustee”). 
  WHEREAS, the Company’s Registration Statement on Form S-1, as amended, No. 333-136300 (together with any registration statement filed pursuant to Rule 462(b), the “Registration Statement”), for
its initial public offering of securities (the “IPO”) has been declared effective as of the date hereof by the Securities and Exchange Commission (the “Effective Date”); and 
 WHEREAS, the Company has agreed to issue securities in private placements that will occur immediately prior to the IPO (the “Private
Placements”); 
 WHEREAS, I-Bankers Securities, Inc. (the “Representative”) is acting as the representative of the
underwriters in the IPO (collectively, the “Underwriters”); and 
  WHEREAS, as described in the Registration Statement, and in
accordance with (i) the Company’s Amended and Restated Certificate of Incorporation, $73,400,000 of the gross proceeds of the IPO ($84,560,000 if the underwriters’ over-allotment option is exercised in full), (ii) the
Subscription Agreement, dated July 28, 2006, and the Regulation S Subscription Agreement, dated November 13, 2006, each among the Company and certain purchasers, $1,600,000 of the gross proceeds of the Private Placements, and (iii) the
Underwriting Agreement, dated                     , 2007 between the Company and the Representative, as representative of the Underwriters,
$3,200,000 (or $3,680,000 if the underwriters’ over-allotment option is exercised in full), representing a portion of the underwriters’ discounts and commissions and non-accountable expenses (the “Escrowed Fees”) that the
Representative, on behalf of the Underwriters, has agreed to deposit into the Trust Account (as defined below), will be delivered to the Trustee to be deposited and held in a trust account for the benefit of the Company, the Underwriters and the
holders of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) included in the units of the Company’s securities issued in the IPO (the amounts to be delivered to the Trustee will be referred to herein as
the “Property”; the stockholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public Stockholders,” and the Public Stockholders, the Underwriters and the Company will be referred to together
as the “Beneficiaries”); 
  WHEREAS, the Escrowed Fees will be paid from the Trust Account to the Representative only upon the
consummation of a Business Combination in accordance with the Termination Letter (as defined below); 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; 
 NOW THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows: 
 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 a bank to be selected by the
Trustee with the approval of 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 written instruction of the Company, to invest and reinvest the Property in any “Government
Security” or in money market funds selected by the Company meeting the conditions specified in Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended, as determined by the Company. As used herein, “Government
Security” means any Treasury Bill issued by the United States, having a maturity of one hundred and eighty (180) days or less; 
 (d) Collect and receive, when due, all principal and income arising from the Property, net of taxes, which shall become part of the “Property,” as such term is used herein; 
 (e) Notify the Company 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 the tax returns
relating to income from the Property in the Trust Account or otherwise; 
 (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 in writing to do so; 
 (h) Render to the
Company and to the Representative, and to such other person as the Company may instruct, monthly written statements of the activities of and amounts in the Trust Account reflecting all receipts and disbursements of the Trust Account; 
 (i) If there is any income or other tax obligation relating to the income from the Property in the Trust Account as determined by the Company, then, from
time to time, at the written instruction of the Company, the Trustee shall promptly to the extent there is not sufficient cash in the Trust Account to pay such tax obligation, liquidate such assets held in the Trust Account as shall be designated by
the Company in writing, and disburse to the Company by wire transfer, out of the Property in the Trust Account, the amount indicated by the Company as owing in respect of such income tax obligation; and 
 (j) Commence liquidation of the Trust Account only upon receipt of and only in accordance with the terms of a letter (the “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 President or Chairman of the Board and Secretary, 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. 
  

 2 

 2. Limited Distributions Of Income From Trust Account. 
 (a) If there is any income tax obligation relating to the income from the Property in the Trust Account, then, at the written instruction of the Company,
the Trustee shall disburse to the Company by wire transfer, out of the Property in the Trust Account, the amount indicated by the Company as required to pay income taxes; and 
  (b) Upon written request from the Company in a form substantially similar to that attached hereto as Exhibit C, which may be given not more than once in
any calendar month (except during the first month following the Effective Date, during which period the request may not be more than once per week), the Trustee shall distribute to the Company by wire transfer income collected on the Property
through the last day of the calendar month immediately preceding the date of receipt of the Company’s request (except during the first month following the Effective Date, during which period the Trustee shall distribute the income collected on
the Property through the last day of the week immediately preceding the date of receipt of the Company’s request); provided, however, that the maximum amount of distributions, net of taxes, that the Company may request and the Trustee shall
distribute pursuant to this Section 2(b) shall be $2,300,000. It is understood that the Trustee’s only responsibility under this section is to follow the instructions of the Company; and 
  (c) 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
Sections 1(i) and 1(j) hereof. 
 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 President or Chairman of the Board. In addition, except with respect to its duties under Section 1(i) 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) 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 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 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 said transaction processing fees shall be deducted by the Trustee from the disbursements made to the Company 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. The Trustee shall refund to the Company the annual fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Fund. The Company shall
not be responsible for any other fees or charges of the Trustee except as set forth in this Section 3(c) and as may be provided in Section 3(b) hereof (it being expressly understood that the Property shall not be used to make any payments
to the Trustee under such Sections); 
 (d) Provide to the Trustee a copy of any letter of intent, agreement in principle or definitive
agreement that is executed by the Company prior to the conclusion of 18 months following consummation of the IPO; and 
 (e) Provide to the
Trustee a copy of the certified oath and report of an independent inspector of election in respect of the stockholder vote at the meeting called by the Company to consider and act upon any proposed business combination transaction. 
 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 Section 1 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 written 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; 
 (c) Change the investment of any Property, other than in compliance with Section 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, judgment, instruction, notice, 

  

 4 

 
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; 
 (h) As and to the extent requested from time to time by the
Company, prepare, execute and file such tax reports, income or other tax returns and pay any taxes with respect to income and activities relating to the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company
(including but not limited to income tax obligations), it being expressly understood that as set forth in Section 1(i), if there is any income or other tax obligation relating to the Trust Account or the Property in the Trust Account, as
determined from time to time by the Company and regardless of whether such tax is payable by the Company or the Trust, at the written instruction of the Company, the Trustee shall issue a check directly to the taxing authorities designated by the
Company, out of the Property in the Trust Account, for the amount indicated by the Company as owing to each such taxing authority; and 
 (i)
Verify calculations, qualify or otherwise approve Company requests for distributions pursuant to Section 1(i), 2(a) or 2(b) above. 
 5.
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. 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 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; 
 (b) At such time that the Trustee
has completed the liquidation of the Trust Account in accordance with the provisions of Section 1(j) hereof, and distributed the Property in 

  

 5 

 
accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to Section 3(b). 
 6. 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. Upon receipt of written instructions, the Trustee will confirm such instructions with an Authorized
Individual at an Authorized Telephone Number listed on the attached Exhibit D. 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 account numbers or other
identifying numbers of a beneficiary, beneficiary’s bank or intermediary bank, rather than names. The Trustee shall not be liable for any loss, liability or expense resulting from any error in an account number or other identifying number,
provided it has accurately transmitted the numbers provided. 
 (b) This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of New York, without giving effect to conflict of laws. 
 (c) This Agreement may be executed in any
number of 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. 
 (d) This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. The parties hereto
may change, waive, amend or modify any provision contained herein that may be defective or inconsistent with any other provision contained herein only upon the written consent of each of the parties hereto; provided that such action shall not
materially adversely affect the interests of the Public Stockholders. Any other change, waiver, amendment or modification to this Agreement shall be subject to approval by a majority of the Public Stockholders. As to any claim, cross-claim or
counterclaim in any way relating to this Agreement, each party waives the right to trial by jury. 
 (e) The parties hereto consent to the
jurisdiction and venue of any state or federal court located in the City of New York for purposes of resolving any disputes hereunder. 
 (f)
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 
 8th Floor 
 New York, New York 10004 
 Attn: Frank Di Paolo, CFO 
 Fax: (212) 616-7620 
  

 6 

 if to the Company, to: 
 Trans-India Acquisition Corporation 
 300 South Wacker Drive 
 Suite 1000 
 Chicago, Illinois 60606 
 Attn: Bobba Venkatadri, CEO 
 Fax: (312) 922-9283 
 with a copy to: 
 Hayden Bergman Rooney 
 Professional Corporation 
 150 Post Street, Suite 650 
 San Francisco, California 94108 
 Attn: Kevin K. Rooney, Esq. 
 Fax: (415) 399-9320 
 in either case with a copy on behalf of the Representative to: 
 I-Bankers Securities, Inc.

 125 E. John Carpenter Freeway, Suite 260 
 Irving, TX 75062 
 Attn: Shelly Gluck, President 
 Fax: (214) 687-0023 
 with a copy to: 
 Dilworth Paxson LLP 
 1133 Connecticut Avenue N.W. Suite 620 
 Washington, DC 20036 
 Attn: Kathleen Cerveny, Esq. 
 Fax: (202) 452-0930 
 (g) This Agreement may not be assigned by the Trustee without the prior consent of the Company. This agreement may be assigned by the Company to a
wholly-owned subsidiary of the Company upon written notice to the Trustee. 
 (h) The Section headings herein are for convenience only and
are not part of this Agreement and shall not affect the interpretation thereof. 
 (i) 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 part of the Property under any circumstance. 
  

 7 

 (j) The Trustee hereby consents to the inclusion of Continental Stock Transfer & Trust Company
in the Registration Statement and other materials relating to the IPO. 
 [Remainder of Page Intentionally Left Blank] 
  

 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

		
	 By:
	 	  
		 	 Name: Steven Nelson

		 	 Title:   Chairman

	
	 TRANS-INDIA ACQUISITION CORPORATION

		
	 By:
	 	  
		 	 Name: Bobba Venkatadri

		 	 Title:   Chief Executive Officer

  
 [Signature Page to
Investment Management Trust Agreement] 
  

 9 

 EXHIBIT A 
 [LETTERHEAD OF COMPANY] 
 [INSERT DATE] 
 Continental Stock Transfer & Trust Company 
 17 Battery Place 
 8th Floor 
 New York, New York 10004 

	Attn:	Steven Nelson, President 

  

	Re:	Trust Account No. [                    ] 

	    	Termination Letter 

 Gentlemen: 
  Pursuant to Section 1(i) of the Investment Management Trust Agreement between Trans-India Acquisition Corporation (the “Company”) and
Continental Stock Transfer & Trust Company (the “Trustee”), dated as of                     , 2007 (the “Trust
Agreement”), this is to advise you that the Company has entered into an agreement (“Business Agreement”) with
                     (the “Target Business”) to consummate a business combination transaction with Target Business (a “Business
Combination”) on or about                     . The Company shall notify you at least 48 hours in advance of the actual date of the
consummation of the Business Combination (the “Consummation Date”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Trust Agreement. 
  In accordance with the terms of the Trust Agreement, we hereby authorize you to commence liquidation of the Trust Account 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 in writing on the Consummation Date. 
  On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated
(the “Counsel Letter”) and (ii) the Company shall deliver to you written instructions with respect to the transfer of the funds held in the Trust Account which shall have been approved in writing by the Representative (the
“Instruction Letter”), including but not limited to (a) the funds to be delivered to any Public Stockholder that has properly exercised conversion rights (as described in the Registration Statement), (b) the Escrowed Fees to be delivered
to the Representative on behalf of the underwriters together with interest thereon less $0.32 for each share converted to cash by Public Stockholders, and (c) the remaining funds to the account or accounts of the Company. You are hereby directed and
authorized to disburse the funds held in the Trust Account immediately upon your receipt of both the Counsel Letter and 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. 
  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 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,

	
	 TRANS-INDIA ACQUISITION CORPORATION

		
	 By:
	 	  
	 Name:
	 	 Bobba Venkatadri

	 Title:
	 	 Chief Executive Officer

 EXHIBIT B 
 [LETTERHEAD OF COMPANY] 
 [INSERT DATE] 
 Continental Stock Transfer & Trust Company 
 17 Battery Place 
 8th Floor 
 New York, New York 10004 

	Attn:	Frank Di Paolo, CFO 

  

	Re:	Trust Account No. [                    ] 

	    	Termination Letter 

 Gentlemen: 
  Pursuant to paragraph 1(i) of the Investment Management Trust Agreement between Trans-India Acquisition Corporation (the “Company”) and
Continental Stock Transfer & Trust Company (the “Trustee”), dated as of                     , 2007 (the “Trust
Agreement”), this is to advise you that the Company has been dissolved due to the Company’s inability to effect a business combination transaction within the time frame specified in the Company’s prospectus relating to its IPO.
Attached hereto is a certified copy of the Certificate of Dissolution as filed with the Delaware Secretary of State. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Trust Agreement. 
  In accordance with the terms of the Trust Agreement, we hereby authorize you to commence liquidation of the Trust Account. You will notify the Company
and Morgan Stanley (the “Designated Paying Agent”) in writing as to when all of the funds in the Trust Account will be available for immediate transfer (the “Transfer Date”). The Designated Paying Agent shall thereafter notify
you as to the account or accounts of the Designated Paying Agent that the funds in the Trust Account should be transferred to on the Transfer Date so that the Designated Paying Agent may commence distribution of such funds in accordance with the
Company’s instructions including (a) the funds to be delivered to any Public Stockholder that has properly exercised conversion rights (as described in the Registration Statement) and (b) the remaining funds in accordance with the
Company’s Amended and Restated Certificate of Incorporation. You shall have no obligation to oversee the Designated Paying Agent’s distribution of the funds. Upon the payment to the Designated Paying Agent of all the funds in the Trust
Account, the Trust Agreement shall terminate in accordance with the terms thereof. 
  

			
	 Very truly yours,

	
	 TRANS-INDIA ACQUISITION CORPORATION

		
	 By:
	 	  
	 Name:
	 	 Bobba Venkatadri

	 Title:
	 	 Chief Executive Officer

 EXHIBIT C 
 [LETTERHEAD OF COMPANY] 
 [INSERT DATE] 
 Continental Stock Transfer & Trust Company 
 17 Battery Place 
 New York, New York 10004 

	Attn:	[                        ] 

  

	Re:	Trust Account No. [                    ] — Distribution of Income on
Property 

 Gentlemen: 
  Pursuant to Section 2(b) of the Investment Management Trust Agreement between Trans-India Acquisition Corporation (the “Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of                     , 2007 (the “Trust Agreement”), we are requesting for our working capital
purposes that you deliver to us $                     representing income earned on the Property from
                     to
                    . In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer said amount,
less any fees due the Trustee pursuant to Section 3(c) of the Trust Agreement, immediately upon your receipt of this letter to the Company’s operating account at: 
   

			
	Bank:	  	[                    ]
	ABA #:	  	[                    ]
	Account Name:	  	                      .
	Account Number:	  	[                    ]
	Reference:	  	Distribution of Income Earned on Trust Property

  

			
	 Very truly yours,

	
	 TRANS-INDIA ACQUISITION CORPORATION

		
	 By:
	 	  
	 Name:
	 	 Bobba Venkatadri

	 Title:
	 	 Chief Executive Officer

 EXHIBIT D 
 AUTHORIZED INDIVIDUAL(S) AND TELEPHONE NUMBERS 
 AUTHORIZED FOR TELEPHONE CALL BACK 

 

			
	COMPANY:	  	 Trans-India Acquisition Corporation
 300 South Wacker Drive
 Suite 1000
 Chicago, Illinois 60606
 Attn: Bobba Venkatadri, Chief Executive Officer
 Telephone: (312) 922-1980

		
	TRUSTEE:	  	 Continental Stock Transfer & Trust Company
 17
Battery Place
 8th
Floor
 New York, New York 10004
 Attn: Steven Nelson,
President
 Telephone: (212) 845-3202

 SCHEDULE A 
 Schedule of fees pursuant to Section 3(c) of Investment Management Trust Agreement 
 between Trans-India
Acquisition Corporation and 
 Continental Stock Transfer & Trust Company 
  

						
	 Fee Item
	  	 Time and method of payment
	  	Amount
	Initial acceptance fee	  	Initial closing of IPO by wire transfer	  	$	1,000
	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	  	$	3,000
	Transaction processing fee for disbursements to Company under Sections 2(a) and 2(b)	  	Deduction by Trustee from disbursement made to Company under Section 2(b)	  	$	250

  

									
		 		 	 Agreed:

	 Dated:
                    , 2007
	 		 	
		 		 	 TRANS-INDIA ACQUISITION CORPORATION

					
		 		 		 	 By:
	 	  
		 		 		 		 	 Authorized Officer

			
		 		 	 CONTINENTAL STOCK TRANSFER & TRUST CO.

					
		 		 		 	 By:
	 	  
		 		 		 		 	 Authorized Officer

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