Document:

THIS
      WARRANT AND THE ORDINARY SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
      BEEN
      ACQUIRED FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL
      (i) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “1933
      ACT”)
      SHALL
      HAVE BECOME EFFECTIVE WITH RESPECT THERETO OR (ii) RECEIPT BY THE COMPANY
      OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT
      THAT REGISTRATION UNDER THE 1933 ACT IS NOT REQUIRED IN CONNECTION WITH SUCH
      PROPOSED TRANSFER NOR IS SUCH TRANSFER IN VIOLATION OF ANY APPLICABLE STATE
      SECURITIES LAWS. THIS LEGEND SHALL BE ENDORSED UPON ANY WARRANT ISSUED IN
      EXCHANGE FOR THIS WARRANT OR ANY ORDINARY SHARES ISSUABLE UPON EXERCISE OF
      THIS
      WARRANT.

     

    WARRANT
      TO PURCHASE ORDINARY SHARES

     

    OF

     

    ASM
      ACQUISITION COMPANY LIMITED

     

    THIS
      CERTIFIES THAT, for value received ASM SPAC (1) LIMITED (the “Holder”) is the
      registered holder of a Warrant (this “Warrant”) to purchase 4,312,500 Ordinary
      Shares, par value $.001 per share (“Ordinary Shares”), of ASM ACQUISITION
      COMPANY LIMITED, a Cayman Islands company (the “Company”). Subject to the
      conditions set forth herein, this Warrant entitles the holder thereof to
      purchase up to 4,312,500 Ordinary Shares, in whole or in part, from the Company,
      commencing on the later of (i) the Company’s completion of a Business
      Combination with a Target Business (each term as described in the Company’s
      registration statement (the “Registration Statement”) relating to the Company’s
      initial public offering (the “IPO”)) or (ii) one year from the effective date of
      the Registration Statement, and terminating at 5:00 p.m., New York City time
      on
      the date that is five years from the effective date of the Registration
      Statement (the “Expiration Date”) at the price of $7.50 per share (the “Exercise
      Price”), upon surrender of this Warrant and payment of the Exercise Price at the
      offices of the Company. If this Warrant should be exercised in part only, the
      Company shall, upon surrender of this Warrant for cancellation, execute and
      deliver a new Warrant evidencing the rights of the Holder thereof to purchase
      the balance of the Ordinary Shares purchasable hereunder. 

     

    (a) RESERVATION
      OF SHARES. The Company shall at all times reserve for issuance and/or delivery
      upon exercise of the this Warrant such number of Ordinary Shares as shall be
      required for issuance and delivery upon exercise of this Warrant. 

     

    (b) FRACTIONAL
      SHARES. No fractional shares or scrips representing fractional shares shall
      be
      issued upon the exercise of this Warrant. With respect to any fraction of a
      share called for upon any exercise hereof, the
      Company shall, upon such exercise, round up to the nearest whole number of
      Ordinary Shares to be issued to the Warrant holder..

     

    (c) LOSS
      OR
      DESTRUCTION OF WARRANT. Upon receipt by the Company of evidence satisfactory
      to
      it of the loss, theft, destruction or mutilation of this Warrant, and (in the
      case of loss, theft or destruction) of reasonably satisfactory indemnification,
      and upon surrender and cancellation of this Warrant, if mutilated, the Company
      will execute and deliver a new Warrant of like tenor and date. Any such new
      Warrant executed and delivered shall constitute an additional contractual
      obligation on the part of the Company, whether or not this Warrant so lost,
      stolen, destroyed, or mutilated shall be at any time enforceable by
      anyone.

     

    (d) RIGHTS
      OF
      THE HOLDER. The Holder shall not, by virtue hereof, be entitled to any rights
      of
      a shareholder in the Company, either at law or equity, and the rights of the
      Holder are limited to those expressed in this Warrant and are not enforceable
      against the Company except to the extent set forth herein.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (e) ANTI-DILUTION
      PROVISIONS. In case the Company shall hereafter (i) declare a dividend or make
      a
      distribution on its outstanding Ordinary Shares in additional Ordinary Shares,
      (ii) subdivide or reclassify its outstanding Ordinary Shares into a greater
      number of shares, or (iii) combine or reclassify its outstanding Ordinary Shares
      into a smaller number of shares, the Exercise Price in effect at the time of
      the
      record date for such dividend or distribution or of the effective date of such
      subdivision, combination or reclassification shall be adjusted so that it shall
      equal the price determined by multiplying the Exercise Price by a fraction,
      the
      denominator of which shall be the number of Ordinary Shares outstanding after
      giving effect to such action, and the numerator of which shall be the number
      of
      Ordinary Shares outstanding immediately prior to such action. The
      number of Ordinary Shares that the Holder shall thereafter, on the exercise
      hereof, be entitled to receive shall be adjusted to a number determined by
      multiplying the number of Ordinary Shares that would otherwise (but for the
      provisions of this -Section (f)) be issuable on such exercise by a fraction
      of
      which (a) the numerator is the Exercise Price that would otherwise (but for
      the
      provisions of this Section (f)) be in effect, and (b) the denominator is the
      Exercise Price in effect on the date of such exercise (taking into account
      the
      provisions of this Section (f)). Notwithstanding the foregoing, in no event
      shall the Exercise Price be less than the par value of the Ordinary Shares.
      Adjustment
      pursuant to this Section shall be made successively whenever any event listed
      above shall occur. 

     

    (f) RECLASSIFICATION,
      REORGANIZATION OR MERGER. In case of any reclassification, capital
      reorganization or other change of outstanding Ordinary Shares, or in case of
      any
      consolidation or merger of the Company with or into another entity (other than
      a
      merger with a subsidiary in which merger the Company is the continuing entity
      and which does not result in any reclassification, capital reorganization or
      other change of outstanding Ordinary Shares) or in case of any sale, lease
      or
      conveyance to another entity of the property of the Company as an entirety,
      the
      Company shall, as a condition precedent to such transaction, cause effective
      provisions to be made so that the Holder shall have the right thereafter by
      exercising this Warrant at any time prior to the expiration of the Warrant,
      to
      purchase the kind and amount of shares of stock and other securities and
      property receivable upon such reclassification, capital reorganization and
      other
      change, consolidation, merger, sale or conveyance by the Holder of the number
      of
      Ordinary Shares that might have been purchased upon exercise of this Warrant
      immediately prior to such reclassification, change, consolidation, merger,
      sale
      or conveyance. Any such provision shall include provision for adjustments which
      shall be as nearly equivalent as may be practicable to the adjustments provided
      for in this Warrant. The foregoing provisions of this Section shall similarly
      apply to successive reclassifications, capital reorganizations and changes
      of
      Ordinary Shares and to successive consolidations, mergers, sales or conveyances.
      In the event that in connection with any such capital reorganization or
      reclassification, consolidation, merger, sale or conveyance, additional Ordinary
      Shares shall be issued in exchange, conversion, substitution or payment, in
      whole or in part, for a security of the Company other than Ordinary Shares,
      any
      such issue shall be treated as an issue of Ordinary Shares covered by the
      provisions of Section (e).

     

    (g) Conversion
      of Warrants.
      On the
      effective date of the Registration Statement, the Company will enter into a
      warrant agreement with its transfer agent with respect to the warrants that
      have
      been and will be issued by the Company. Upon the closing of the IPO, this
      Warrant will, without any action by the Holder or the Company, convert into
      a
      non-public Warrant governed pursuant to the terms of that warrant agreement,
      as
      described in the Registration Statement. Thereafter, this Warrant shall only
      represent the right to receive a replacement non-public warrant issued pursuant
      to the term of the warrant agreement

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (h) No
      Net-Cash Settlement.
      In
      no event will the Holder be entitled to receive a net-cash settlement or other
      consideration in lieu of physical settlement in securities.

     

    (i) MODIFICATION
      OF AGREEMENT. The provisions of this Warrant may from time to time be amended,
      modified or waived, by the Company and the Holder.

     

    
      Dated:
        December ___, 2007

       

      
        	 	
                ASM
                  ACQUISITION COMPANY LIMITED

              
	 	 	 	 
	 	 	 	 
	 	
                By:

              	                               
                
	 	 	
                Name:

              	 
	 	 	
                Title:

              	 

      

       

      Holder:

      

      ASM
        SPAC
        (1) LIMITED

       

       

      
        	
                By:
                  

              	
                                             
                  

              
	
                Name:

              	 
	
                Title:

              	 

      

    

     

    
      
        
        

      

      
        3[Form
      of
      Letter Agreement for
      ASM
      SPAC(1) Limited]

     

     

    [date]

     

    

    ASM
      Acquisition Company Limited

    Unit
      601-2, 6th
      Floor

    St.
      George’s Building

    2
      Ice
      House Street

    Central,
      Hong Kong

    

    UBS
      Securities LLC

     

    299
      Park
      Avenue

     

    New
      York,
      NY 10171

     

    Re: Initial
      Public Offering of ASM Acquisition Company Limited

     

    Ladies
      and Gentlemen:

     

    This
      letter is being delivered to you in accordance with the Underwriting Agreement
      (the “Underwriting
      Agreement”)
      entered into by and among ASM Acquisition Company Limited, an exempted company
      organized under the laws of the Cayman Islands (the “Company”),
      and
      UBS Securities LLC as the representative (the “Representative”)
      of the
      underwriters named in Schedule A thereto (collectively, the “Underwriters”),
      relating to an underwritten initial public offering (the “IPO”)
      of the
      Company’s units (the “Units”),
      each
      composed of one of the Company’s ordinary shares, par value $0.001 per share
      (the “Ordinary
      Shares”),
      and
      one warrant, which is exercisable for one Ordinary Share (the “Warrants”).
      Certain capitalized terms used herein are defined in paragraph 19
      hereof.

     

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

     

    1. Neither
      the undersigned nor any affiliate of the undersigned will be entitled to
      receive, and no such person will accept, any finder’s fee, consulting fee,
      reimbursement or cash payment or any other form of compensation, including
      the
      issuance of the Company’s securities, from the Company for services rendered to
      the Company prior to or in connection with the consummation of a Business
      Combination, other than (subject to the following sentence) (a) repayment
      of those certain Promissory Notes in the amount of $125,000 and $250,000 made
      to
      the Company by the undersigned to cover offering expenses; (b) a payment of
      an
      aggregate of $7,500 per month to Argyle Street Management Limited, a Cayman
      Islands exempted company, for office space, administrative services and
      secretarial support; (c) reimbursement for any reasonably incurred
      out-of-pocket expenses related to identifying, investigating and
      consummating a Business Combination; (d) other expenses or advances that the
      Company is permitted to incur; or (e) compensation or fees that may be received
      for any services provided following such Business Combination. The undersigned
      acknowledges that the Company’s Audit Committee (or the Company’s Board of
      Directors, with any interested director abstaining from such review and
      approval, in the case of a director who is a member of the Company’s Audit
      Committee) will review and approve all payments made to the undersigned, the
      Company’s Existing Holders,

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Founders,
      officers, directors and advisors and the Company’s or their affiliates, other
      than the payments described in clauses (a) and (b) of the immediately preceding
      sentence.

     

    2. The
      undersigned acknowledges and agrees that the Company will not enter into
      any transaction with any of the Company’s officers, directors or advisors or any
      of the Company’s or their respective affiliates, including loans by the
      Company’s officers, directors and advisors and any forgiveness of loans,
      (a) without the prior approval by a majority of the Company’s
      disinterested, “independent” (as defined below) directors or, in the event the
      Company has no “independent” directors, the members of the Company’s Board of
      Directors who do not have an interest in the transaction, in either case who
      had
      access, at the Company’s expense, to the Company’s attorneys or independent
      legal counsel, and (b) unless the Company’s disinterested, “independent”
directors determine that the terms of such transaction are no less favorable
      to
      the Company than those that would be available to the Company with respect
      to
      such a transaction from unaffiliated third parties. As used herein “independent”
means
      a
      director who qualifies as (a) an “independent director” under
      Section 121 of the American Stock Exchange’s AMEX Company Guide and
      (b) independent under Rule 10A-3 under the Securities Exchange Act of
      1934, as amended. 

     

    3. The
      undersigned acknowledges and agrees that (i) the Company will not (a) consummate
      a Business Combination with a Target Business that is either (x) a portfolio
      company of, or has otherwise received a financial investment from, the Founders
      or their affiliates, or (y) affiliated with the Founders or the Company’s
      directors, officers or advisors, or (b) consummate a Business Combination with
      any Underwriter, or IPO selling group member, or any of their affiliates,
      unless, in each case, the Company obtains an opinion from an unaffiliated,
      independent investment banking firm which is a member of the Financial Industry
      Regulatory Authority (“FINRA”)
      that a
      Business Combination with such Target Business is fair to the Company’s
      shareholders from a financial point of view; and (ii) if, in connection with
      a
      Business Combination, any entity or entities with which the Company’s officers,
      directors or advisors are affiliated purchases a minority interest in the Target
      Business, the entity or entities affiliated with such officers, directors and/or
      advisors will be required to pay the same price per share or unit for their
      interest in the Target Business as the Company pays, the other terms of the
      investment of such affiliated entity or entities will be required to be no
      more
      favorable than the terms of the Company’s investment and such investment will
      require the prior approval by a majority of the Company’s disinterested,
“independent” directors.

     

    4. The
      undersigned will escrow any and all of (A) the Founders’ Units, Founders’
Shares and Founders’ Warrants (including the Ordinary Shares to be issued upon
      the exercise of the Founders’ Warrants) beneficially owned by it until one year
      after the consummation by the Company of a Business Combination and (B) the
      Insider Warrants (including the Ordinary Shares to be issued upon exercise
      of
      the Insider Warrants) beneficially owned by it until the consummation by the
      Company of a Business Combination subject to the terms of an Escrow Agreement
      which the Company will enter into with the Founders and the Existing Holders
      and
      an escrow agent acceptable to the Company.

     

    5. The
      undersigned’s questionnaire(s) furnished to the Company and the Underwriters and
      attached hereto as Exhibit A is true and accurate in all respects. The
      undersigned represents and warrants that:

     

    (a) the
      undersigned is not subject to or a respondent in any legal action for, any
      injunction, cease-and-desist order or order or stipulation to desist or refrain
      from, any act or practice relating to the offering of securities in any
      jurisdiction;

     

    (b) the
      undersigned has never been convicted of or pleaded guilty to any crime
      (i) involving any fraud or (ii) relating to any financial transaction or
      handling of funds of another person,
      or (iii) pertaining to any dealings in any securities and the undersigned is
      not
      currently a defendant in any such criminal proceeding; and

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (c) the
      undersigned has never been suspended or expelled from membership in any
      securities or commodities exchange or association or had a securities or
      commodities license or registration denied, suspended or revoked.

     

    6. The
      undersigned hereby agrees (i) not to request that the Company’s Board of
      Directors consider any proposal to eliminate or amend Article 170 of the
      Company’s Amended and Restated Memorandum and Articles of Association, (ii) in
      connection with any shareholder vote on a proposal to amend the Company’s
      Amended and Restated Memorandum and Articles of Association, to vote any and
      all
      of the Founders’ Shares owned directly or indirectly by it in the same manner as
      a majority of the Public Shareholders, and (iii) not to seek shareholder
      approval to extend the amount of time the Company has to consummate a Business
      Combination beyond the Extended Period. This paragraph may not be modified
      or
      amended under any circumstances.

     

    7. The
      undersigned has full right and power, without violating any agreement by which
      it is bound (including, without limitation, any non-competition or
      non-solicitation agreement with any employer or former employer), to enter
      into
      and perform under this letter agreement and serve as sponsor of the
      Company.

     

    8. If
      the
      Company seeks approval of its shareholders of either the Extended Period or
      a
      Business Combination, the undersigned will:

     

    (a) vote
      any
      Founder’s Shares owned directly or indirectly by it in accordance with the
      majority of the Ordinary Shares voted by the Company’s Public Shareholders in
      connection with the vote on the Extended Period or any Business Combination,
      as
      applicable; and

     

    (b) vote
      all
      Ordinary Shares that it may acquire in or following the IPO in favor of the
      Extended Period or the Business Combination, as applicable.

     

    In
      addition, the undersigned waives its right to exercise redemption rights with
      respect to any Ordinary Shares owned or to be owned by the undersigned, directly
      or indirectly, and agrees that it will not seek redemption with respect to
      such
      shares in connection with any vote to approve the Extended Period or a Business
      Combination.

     

    9. The
      undersigned hereby waives any and all right, title, interest or claim of any
      kind in or to (i) any and all of the quarterly distributions (the “Quarterly
      Distributions”)
      required by the Company’s Amended and Restated Memorandum and Articles of
      Association and described in the Company’s final prospectus relating to the IPO
      and (ii) any distributions of the Trust Account, or to any other amounts
      distributed in connection with a liquidating distribution of the Company, in
      each case, with respect to its Founders’ Shares and the Ordinary Shares
      underlying the Founders’ Warrants or the Insider Warrants (any “Claim”),
      and
      hereby waives any Claim the undersigned may have in the future as a result
      of,
      or arising out of, any contracts or agreements with the Company and will not
      seek recourse against the Company or the Trust Account for any reason
      whatsoever; provided that the foregoing shall not apply to any IPO Shares
      acquired by the undersigned. The undersigned hereby agrees that the Company
      shall be entitled to reimbursement from the undersigned for any Quarterly
      Distribution, any distribution of the Trust Account or any other amounts
      distributed by the Company in connection with a liquidating distribution
      received by the undersigned with respect to its Founders’ Shares or the Ordinary
      Shares underlying the Founders’ Warrants or the Insider Warrants.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    10. The
      undersigned agrees to indemnify and hold harmless the Company, jointly and
      severally with the other Founders, against any and all losses, liabilities,
      claims, damages and expenses whatsoever (including, but not limited to, any
      and
      all legal or other expenses reasonably incurred in investigating, preparing
      or
      defending against any litigation, whether pending or threatened, or any claim
      whatsoever) (collectively, “Damages”)
      to
      which the Company may become subject, but only if, and to the extent (a) the
      claims reduce the amounts in the Trust Account available for payment to holders
      of the IPO Shares in the event of a liquidation of the Trust Account and (b)
      the
      claims are made (i) by a vendor for services rendered, or products sold, to
      the
      Company; (ii) by a third party with which the Company enters into a contractual
      relationship following consummation of the IPO; or (iii) by a prospective Target
      Business arising out of any negotiations, contracts or agreements with the
      Company, provided that such indemnity shall not apply to any amounts claimed
      owed to a third party who executed a valid and legally enforceable waiver of
      any
      right, title, interest or claim of any kind in or to the Trust Account, or
      as to
      any claims under the Company’s obligation to indemnify the Underwriters against
      certain liabilities, including liabilities under the Securities Act of 1933,
      as
      amended. In the case of the Company’s dissolution and liquidation, the
      undersigned understands that the Company expects that all costs and expenses
      associated with implementing the Company’s plan of distribution, as well as
      payments to any creditors, will be funded from amounts remaining out of the
      $50,000 of proceeds from the IPO held outside the Trust Account and from the
      up
      to $2.5 million in interest income on the balance of the Trust Account that
      will
      be released to the Company to fund its working capital and general corporate
      requirements. Should the aforementioned funds not be sufficient, the undersigned
      hereby agrees to reimburse the Company for its out-of-pocket costs associated
      with its dissolution and liquidation, excluding any special, indirect or
      consequential costs, such as litigation, pertaining to the dissolution and
      liquidation. The undersigned hereby represents and warrants to the Company
      that
      it is an accredited investor as such term is defined in Regulation D under
      the Securities Act of 1933, as amended.

     

    11. The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to the Underwriters and its legal representatives
      or
      agents (including any investigative search firm retained by the Underwriters)
      any information they may have about the undersigned’s background and finances
      (“Information”).
      Neither the Underwriters nor its agents shall be violating the undersigned’s
      right of privacy in any manner in requesting and obtaining the Information
      and
      the undersigned hereby releases them from liability for any damage whatsoever
      in
      that connection.

     

    12. The
      undersigned acknowledges and understands that the Company and the Underwriters
      will rely upon the agreements, representations and warranties set forth herein
      in proceeding with the IPO. Nothing contained herein shall be deemed to render
      the Underwriters a representative of, or a fiduciary with respect to, the
      Company, its shareholders, or any creditor or vendor of the Company with respect
      to the subject matter hereof.

     

    13. This
      letter agreement shall be binding on the undersigned and its respective
      successors, heirs, representatives and assigns. This letter agreement shall
      terminate on the earlier of (a) the consummation of a Business Combination
      and
      (b) the Liquidation Date; provided that such termination shall not relieve
      the
      undersigned from liability for any breach of this agreement prior to its
      termination.

     

    14. This
      letter agreement shall be governed by and interpreted and construed in
      accordance with the laws of the State of New York applicable to contracts formed
      and to be performed entirely within the State of New York, without regard to
      the
      conflicts of law provisions thereof to the extent such principles or rules
      would
      require or permit the application of the laws of another
      jurisdiction.

     

    15. No
      term
      or provision of this letter agreement may be amended, changed, waived, altered
      or modified except by written instrument executed and delivered by the party
      against whom such amendment, change, waiver, alteration or modification is
      to be
      enforced.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    16. As
      used
      herein:

     

    
      	 	
              ·

            	
              “Business
                Combination”
                means the acquisition of all or at least a majority of the equity
                interest
                in one or more Target Businesses through a merger, capital stock
                exchange,
                asset acquisition, stock purchase, or other similar transaction,
                including
                obtaining a majority interest through contractual
                arrangements.

            

    

     

    
      	 	
              ·

            	
              “Existing
                Holders”
                means all of the holders of the Company’s securities before completion of
                the IPO.

            

    

     

    
      	 	
              ·

            	
              “Extended
                Period”
                means the 12 month extension to the time period within which the
                Company
                must complete a Business Combination, which extension is conditioned
                upon
                (i) the Company entering into a letter of intent, agreement in principle
                or definitive agreement with respect to a Business Combination within
                24
                months following the consummation of the IPO, (ii) the Company’s
                shareholders approving the Extended Period at a special meeting of
                the
                Company’s shareholders for the purpose of soliciting their approval for
                such extension, and (iii) holders of less than 30.0% of the IPO Shares
                both voting against the Extended Period and exercising their redemption
                rights in connection with such
                vote.

            

    

     

    
      	 	
              ·

            	
              “Founders”
                means the Company’s officers and directors and the
                undersigned.

            

    

     

    
      	 	
              ·

            	
              “Founders’
                Units”
                means the 4,312,500 units purchased from the Company by the undersigned
                on
                December 12, 2007 (up to 562,500 of which Founders’ Units will be redeemed
                by the Company to the extent that the Underwriters do not exercise
                their
                over-allotment option) for a purchase price of $25,000, or approximately
                $0.006 per Founders’ Unit. Each Founders’ Unit consists of one Ordinary
                Share (each a “Founders’
                Share”)
                and one warrant to purchase one Ordinary Share (each a “Founders’
                Warrant”).
                In February 2008, (a) Keith Wu purchased 28,125 Founders’ Units, (b)
                Kenneth Gaw purchased 28,125 Founders’ Units, (c) Kenneth Shen purchased
                35,156 Founders’ Units and (d) Richard Gadbois purchased 7,031 Founders’
                Units (an aggregate of 98,437 Founders’ Units) from ASM SPAC(1) Limited
                for approximately $0.006 per Founders’
Unit.

            

    

     

    
      	 	
              ·

            	
              “Insider
                Warrants”
                means the 4,550,000 warrants the undersigned Keith Wu, Kenneth Gaw,
                Kenneth Shen and Richard Gadbois have committed to purchase at a
                price of
                $1.00 per warrant for an aggregate purchase price of $4,550,000 in
                a
                private placement that will occur immediately prior to the completion
                of
                the IPO.

            

    

     

    
      	 	
              ·

            	
              “Liquidation
                Date”
                means the earliest date on which both (a) the Trust Account has been
                liquidated and distributed to the Public Shareholders and (b) the
                Company
                has completed its voluntary winding-up.

            

    

     

    
      	 	
              ·

            	
              “Public
                Shareholders”
                means purchasers of Ordinary Shares in the IPO or in the secondary
                market,
                including any of the Company’s officers or directors and their affiliates
                to the extent that they purchase or acquire Ordinary Shares in the
                IPO or
                in the secondary market.

            

    

     

    
      	 	
              ·

            	
              “Target
                Business”
                means one or more operating businesses having its primary operations
                in
                Asia (including, without limitation, each country located in the
                Eastern,
                Southern and

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    South
      Eastern subregions of Asia, but specifically excluding North Korea), which,
      after completion of the IPO, the Company may target for a Business
      Combination.

     

    
      	 	
              ·

            	
              “Trust
                Account”
                means the trust account established under the Investment Management
                Trust
                Agreement, dated as of [________], 2008, by and between the Company
                and [__________________].

            

      	 	 	 

    

     

    
      	 	 	 	ASM SPAC(1) LIMITED 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	
            	 	 	By: 
	
            	 	 	
              
                

              

              Name:

              Title:

            
	 	 	 	 
	Accepted and agreed: 	 	 	 
	 	 	 	 
	ASM ACQUISITION COMPANY
              LIMITED 	 	 	 
	 	 	 	 
	By: 	 	 	 
	
              
                
Name:
Title:  

            	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

    

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    Exhibit
      A

     

    [NASD
      Questionnaire]

     

     

    

    

    
      
        
        

      

      
        A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]