Document:

ESCROW
        AGREEMENT

      

      This
        Escrow Agreement, dated as of August 28, 2008 (this “Escrow
        Agreement”),
        is
        entered into by and among Universal Travel Group, a Nevada corporation, with
        headquarters located at Shenzhen, the People’s Republic of China (the
“Company”),
        the
        investors listed on the Schedule of Buyers in the Securities Purchase Agreement
        dated August 15, 2008 (the “Buyers”),
        Jiangping Jiang (the “Principal
        Shareholder”)
        and
        Sichenzia Ross Friedman Ference LLP with an address at 61 Broadway,
        32nd
        Floor,
        New York, NY 10006 (the “Escrow
        Agent”).

      

      Capitalized
        terms used but not defined herein shall have the meanings set forth in the
        Securities Purchase Agreement (as defined below).

       

      WITNESSETH:

       

      WHEREAS,
        the Buyers will be purchasing from the Company and the Company will be selling
        to the Buyers an aggregate of 4,588,708 shares of the Company’s common stock,
        par value $0.001 per share (“Common
        Stock”),
        and
        warrants to acquire approximately 2,294,356 shares of Common Stock for a
        total
        aggregate purchase price of approximately $7,112,500 in a private placement
        financing transaction (the “Financing
        Transaction”)
        pursuant to a Securities Purchase Agreement dated of the date hereof (the
        “Closing
        Date”)
        by and
        among the Company and the Buyers (the “Securities
        Purchase Agreement”);

       

      WHEREAS,
        the Company and the Buyers desire to deposit all proceeds received from the
        Buyers in the Financing Transaction (the “Escrowed
        Funds”)
        with
        the Escrow Agent, to be held and disbursed by the Escrow Agent pursuant to
        this
        Agreement; and

       

      WHEREAS,
        Escrow Agent is willing to hold the Escrowed Funds in escrow subject to the
        terms and conditions of this Agreement.

       

      NOW,
        THEREFORE, in consideration of the mutual promises herein contained and
        intending to be legally bound, the parties hereby agree as follows:

       

      1. Appointment
        of Escrow Agent.
        The
        Company and each Buyer hereby appoint Escrow Agent as escrow agent in accordance
        with the terms and conditions set forth herein and the Escrow Agent hereby
        accepts such appointment.

       

      2. Delivery
        of the Escrowed Funds.

       

      a. The
        Company will direct each Buyer to deliver the Escrowed Funds to the Escrow
        Agent
        as follows:

      

      Citibank

      New
        York, NY 

      A/C
        of Sichenzia Ross Friedman Ference LLP

      A/C#:    
        92883436

      ABA#:  
        021000089

      SWIFT
        Code: CITIUS33

      REMARK:
        [COMPANY NAME/BUYER NAME]

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      b. The
        Escrowed Funds shall be forwarded to the Escrow Agent by wire transfer, together
        with the written account of subscription (the “Subscription”)
        in the
        form attached hereto as Exhibit
        B
        (the
“Subscription
        Information”).
        The
        Escrowed Funds to be wired shall be wired to the account set forth in Section
        2(a) above and the Subscription shall be faxed or emailed to the Escrow Agent
        in
        accordance with the information provided on Exhibit
        A.

       

      c. Simultaneously
        with each deposit, each Buyer shall provide the Escrow Agent with the
        Subscription Information, including the name, address and taxpayer
        identification number of each Buyer and of the aggregate principal amount
        of
        shares of Common Stock and attached warrants subscribed for by such
        Buyer.

       

      d. In
        the
        event a wire transfer is received by the Escrow Agent and the Escrow Agent
        has
        not received Subscription Information, the Escrow Agent shall notify the
        Buyer.
        If the Escrow Agent does not receive the Subscription Information by such
        Buyer
        prior to close of business on the fifth (5th)
        business day (days other than a Saturday or Sunday or other day on which
        the
        Escrow Agent is not open for business in the State of New York) after notifying
        the Buyer of receipt of said wire, the Escrow Agent shall return the funds
        to
        the Buyer.

       

      3. Escrow
        Agent to Hold and Disburse Escrowed Funds.
        The
        Escrow Agent will hold and disburse the Escrowed Funds received by it pursuant
        to the terms of this Agreement, as follows:

       

      a. Prior
        to
        any disbursement of the Escrowed Funds, the Escrow Agent shall allocate a
        portion of the Escrowed Funds and hold such portion in a separate escrow
        account
        to pay the fees and expenses in connection with investor or public relations
        in
        the aggregate amount of $500,000 (the “Public
        Relations Held-Back Escrowed Portion”).
        Additionally, the Escrow Agent shall allocate and hold $600,000 of the Escrowed
        Funds until the Company shall have identified and engaged a Chief Financial
        Officer (the “CFO
        Held-Back Escrowed Portion”).
        

       

      Unless
        otherwise specified herein, the term “Escrowed Funds” shall include the
        aggregate amount of the Public Relations Held-Back Escrowed Portion and CFO
        Held-Back Escrowed Portion. 

       

      b. At
        such
        time that Seven Million One Hundred and Twelve Thousand Five Hundred Dollars
        ($7,112,500) is deposited and upon receipt of joint instructions from the
        Company and the representative of the Buyers, in substantially the forms
        of
Exhibit
        C
        hereto,
        following the consummation of the Financing Transaction, the Escrow Agent
        shall
        release the Escrowed Funds, less the Public Relations Held-Back Escrowed
        Portion
        and the CFO Held-Back Escrowed Portion, to the Company. Thereafter, the Escrow
        Agent shall disburse the Public Relations Held-Back Escrowed Portion, from
        time
        to time, and the CFO Held-Back Escrowed Portion upon receiving the joint
        instructions from the Company and the representative of the Buyers in
        substantially the form of Exhibit
        C
        hereto.
        Access America Fund, L.P. is hereby appointed the representative of the Buyers
        for purposes of this paragraph 3(b). 

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      c. In
        the
        event this Agreement, the Escrowed Funds, or the Escrow Agent becomes the
        subject of litigation, or if the Escrow Agent shall desire to do so for any
        other reason, each of the Company and the Buyers authorizes the Escrow Agent,
        at
        its option, to deposit the Escrowed Funds (including the Public Relations
        Held-Back Escrowed Portion and the CFO Held-Back Escrow Portion) with the
        clerk
        of the court in which the litigation is pending, or a court of competent
        jurisdiction if no litigation is pending, and thereupon the Escrow Agent
        shall
        be fully relieved and discharged of any further responsibility with regard
        thereto. Each of the Company, and the Buyers further authorizes the Escrow
        Agent, if it receives conflicting claims to any of the Escrowed Funds, is
        threatened with litigation or if the Escrow Agent shall desire to do so for
        any
        other reason, to interplead all interested parties in any court of competent
        jurisdiction and to deposit the Escrowed Funds (including the Public Relations
        Held-Back Escrowed Portion and the CFO Held-Back Escrowed Portion) with the
        clerk of that court and thereupon the Escrow Agent shall be fully relieved
        and
        discharged of any further responsibility hereunder to the parties from which
        they were received.

       

      4. Exculpation
        and Indemnification of Escrow Agent.

       

      a. The
        Escrow Agent shall have no duties or responsibilities other than those expressly
        set forth herein. The Escrow Agent shall have no duty to enforce any obligation
        of any person to make any payment or delivery, or to direct or cause any
        payment
        or delivery to be made, or to enforce any obligation of any person to perform
        any other act. The Escrow Agent shall be under no liability to the other
        parties
        hereto or anyone else, by reason of any failure, on the part of any party
        hereto
        or any maker, guarantor, endorser or other signatory of a document or any
        other
        person, to perform such person’s obligations under any such document. Except for
        amendments to this Agreement referenced below, and except for written
        instructions given to the Escrow Agent by the Company and the Buyers relating
        to
        the Escrowed Funds, the Escrow Agent shall not be obligated to recognize
        any
        agreement between or among any of the Company and the Buyers, notwithstanding
        that references hereto may be made herein and whether or not it has knowledge
        thereof.

       

      b. The
        Escrow Agent shall not be liable to the Company, any Buyers 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 acting upon any order, notice, demand,
        certificate, opinion or advice of counsel (including counsel chosen by the
        Escrow Agent), 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 Escrow Agent to be genuine and
        to
        be signed or presented by the proper person or persons. The Escrow Agent
        shall
        not be bound by any of the terms thereof, unless evidenced by written notice
        delivered to the Escrow Agent signed by the proper party or parties and,
        if the
        duties or rights of the Escrow Agent are affected, unless it shall give its
        prior written consent thereto.

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      c. The
        Escrow Agent shall not be responsible for the sufficiency or accuracy of
        the
        form, or of the execution, validity, value or genuineness of, any document
        or
        property received, held or delivered to it hereunder, or of any signature
        or
        endorsement thereon, or for any lack of endorsement thereon, or for any
        description therein; nor shall the Escrow Agent be responsible or liable
        to the
        Company, any Buyer or to anyone else in any respect on account of the identity,
        authority or rights, of the person executing or delivering or purporting
        to
        execute or deliver any document or property or this Agreement. The Escrow
        Agent
        shall have no responsibility with respect to the use or application of the
        Escrowed Funds pursuant to the provisions hereof.

       

      d. The
        Escrow Agent shall have the right to assume, in the absence of written notice
        to
        the contrary from the proper person or persons, that a fact or an event,
        by
        reason of which an action would or might be taken by the Escrow Agent, does
        not
        exist or has not occurred, without incurring liability to the Company, any
        Buyer
        or to anyone else for any action taken or omitted to be taken or omitted,
        in
        good faith and in the exercise of its own best judgment, in reliance upon
        such
        assumption.

       

      e. To
        the
        extent that the Escrow Agent becomes liable for the payment of taxes, including
        withholding taxes, in respect of income derived from the investment of the
        Escrowed Funds, or any payment made hereunder, the Escrow Agent may pay such
        taxes; and the Escrow Agent may withhold from any payment of the Escrowed
        Funds
        (including the Public Relations Held-Back Escrowed Portion and CFO Held-Back
        Escrowed Portion) such amount as the Escrow Agent estimates to be sufficient
        to
        provide for the payment of such taxes not yet paid, and may use the sum withheld
        for that purpose. The Escrow Agent shall be indemnified and held harmless
        against any liability for taxes and for any penalties in respect of taxes,
        on
        such investment income or payments in the manner provided in Section
        4(f).

       

      f. The
        Escrow Agent will be indemnified and held harmless by the Company from and
        against all expenses, including all counsel fees and disbursements, or loss
        suffered by the Escrow Agent in connection with any action, suit or proceedings
        involving any claim, or in connection with any claim or demand, which in
        any
        way, directly or indirectly, arises out of or relates to this Agreement,
        or the
        services of the Escrow Agent hereunder, except for claims relating to gross
        negligence by Escrow Agent or breach of this Agreement by the Escrow Agent,
        or
        the monies or other property held by it hereunder. Promptly after the receipt
        by
        the Escrow Agent of notice of any demand or claim or the commencement of
        any
        action, suit or proceeding, the Escrow Agent shall, if a claim in respect
        thereof is to be made against the Company, notify each of them thereof in
        writing, but the failure by the Escrow Agent to give such notice shall not
        relieve any such party from any liability which the Company may have to the
        Escrow Agent hereunder. Notwithstanding any obligation to make payments and
        deliveries hereunder, the Escrow Agent may retain and hold for such time
        as it
        deems necessary such amount of monies or property as it shall, from time
        to
        time, in its sole discretion, deem sufficient to indemnify itself for any
        such
        loss or expense and for any amounts due it under Section 7.

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      g. For
        purposes hereof, the term “expense or loss” shall include all amounts paid or
        payable to satisfy any claim, demand or liability, or in settlement of any
        claim, demand, action, suit or proceeding settled with the express written
        consent of the Escrow Agent, and all costs and expenses, including, but not
        limited to, counsel fees and disbursements, paid or incurred in investigating
        or
        defending against any such claim, demand, action, suit or
        proceeding.

       

      5. Termination
        of Agreement and Resignation of Escrow Agent

       

      a. This
        Agreement shall terminate upon disbursement of all of the Escrowed Funds,
        provided that the rights of the Escrow Agent and the obligations of the Company
        and the Buyers under Section 4 shall survive the termination hereof.
        Notwithstanding the foregoing, in the event that the Escrow Agent does not
        receive any instructions with respect to the disbursement of any remaining
        Escrowed Funds by August 15, 2010, this Agreement shall terminate as of such
        date and all Escrowed Funds shall be returned to the Buyers pro rata in
        proportion to the numbers of shares of Common Stock purchased by each without
        interest thereon or deduction therefrom, except as permitted by paragraph
        7
        hereof.

       

      b. The
        Escrow Agent may resign at any time and be discharged from its duties as
        Escrow
        Agent hereunder by giving the Company and the Buyers at least five (5) business
        days written notice thereof (the “Notice
        Period”).
        As
        soon as practicable after its resignation, the Escrow Agent shall, if it
        receives notice from the Company and Buyers within the Notice Period, turn
        over
        to a successor escrow agent appointed by the Company and Buyers all Escrowed
        Funds (less such amount as the Escrow Agent is entitled to retain pursuant
        to
        Section 7) upon presentation of the document appointing the new escrow agent
        and
        its acceptance thereof. If no new agent is so appointed within the Notice
        Period, the Escrow Agent shall return the Escrowed Funds to the parties from
        which they were received without interest or deduction.

       

      6. Form
        of Payments by Escrow Agent

       

      a. Any
        payments of the Escrowed Funds, Public Relations Held-Back Escrowed Portion
        or
        CFO Held-Back Escrow Portion by the Escrow Agent pursuant to the terms of
        this
        Agreement shall be made by wire transfer unless directed to be made by check
        by
        the Escrowing Parties.

       

      b. All
        amounts referred to herein are expressed in United States Dollars and all
        payments by the Escrow Agent shall be made in such dollars.

       

      7. Compensation.
        Escrow
        Agent shall be entitled to the following compensation from the
        Company:

       

      a. Documentation
        Fee:
        The
        Company shall pay a documentation fee to the Escrow Agent of $2,000 which
        shall
        be payable upon release of the Escrowed Funds.

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      b. Fees:
        The
        Company shall pay a fee of $500 to the Escrow Agent at the Closing of the
        Financing Transaction. In addition, the Company shall pay a processing fee
        of
        $500 to the Escrow Agent for each disbursement made subsequent to the Closing
        from the Public Relations Held-Back Escrowed Portion and the CFO Held-Back
        Escrowed Portion.

       

      c. Interest:
        The
        Escrowed Funds, Public Relations Held-Back Escrowed Portion and CFP Held-Back
        Escrowed Portion shall be held in separate non-interest bearing escrow
        accounts.

       

      8. Notices.
        All
        notices, demands, consents, requests, instructions and other communications
        to
        be given or delivered or permitted under or by reason of the provisions of
        this
        Agreement or in connection with the transactions contemplated hereby shall
        be in
        writing and shall be deemed to be delivered and received by the intended
        recipient as follows: (i) if personally delivered, on the business day of
        such
        delivery (as evidenced by the receipt of the personal delivery service),
        (ii) if
        mailed certified or registered mail return receipt requested, two (2) business
        days after being mailed, (iii) if delivered by overnight courier (with all
        charges having been prepaid), on the business day of such delivery (as evidenced
        by the receipt of the overnight courier service of recognized standing),
        or (iv)
        if delivered by facsimile transmission, on the business day of such delivery
        if
        sent by 6:00 p.m. in the time zone of the recipient, or if sent after that
        time,
        on the next succeeding business day (as evidenced by the printed confirmation
        of
        delivery generated by the sending party’s telecopier machine). If any notice,
        demand, consent, request, instruction or other communication cannot be delivered
        because of a changed address of which no notice was given (in accordance
        with
        this Section 8), or the refusal to accept same, the notice, demand, consent,
        request, instruction or other communication shall be deemed received on the
        second business day the notice is sent (as evidenced by a sworn affidavit
        of the
        sender). All such notices, demands, consents, requests, instructions and
        other
        communications will be sent to addresses or facsimile numbers as applicable
        set
        forth on Exhibit
        A
        hereto.

       

      9. Further
        Assurances. From
        time
        to time on and after the date hereof, the Company, and each of the Buyers,
        if
        applicable, shall deliver or cause to be delivered to the Escrow Agent such
        further documents and instruments and shall do and cause to be done such
        further
        acts as the Escrow Agent shall reasonably request (it being understood that
        the
        Escrow Agent shall have no obligation to make any such request) to carry
        out
        more effectively the provisions and purposes of this Agreement, to evidence
        compliance herewith or to assure itself that it is protected in acting
        hereunder.

       

      10. Consent
        to Service of Process .
        The
        Company and each Buyer hereby irrevocably consent to the jurisdiction of
        the
        courts of the State of New York and of any Federal court located in such
        state
        in connection with any action, suit or proceedings arising out of or relating
        to
        this Agreement or any action taken or omitted hereunder, and waives personal
        service of any summons, complaint or other process and agrees that the service
        thereof may be made by certified or registered mail directed to it at the
        address listed on Exhibit
        A
        hereto.

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      11. Miscellaneous.

       

      a. This
        Agreement shall be construed without regard to any presumption or other rule
        requiring construction against the party causing such instrument to be drafted.
        The terms “hereby,” “hereof,” “hereunder,” and any similar terms, as used in
        this Agreement, refer to the Escrow Agreement in its entirety and not only
        to
        the particular portion of this Agreement where the term is used. The word
        “person” shall mean any natural person, partnership, corporation, government and
        any other form of business of legal entity. All words or terms used in this
        Agreement, regardless of the number or gender in which they were used, shall
        be
        deemed to include any other number and any other gender as the context may
        require. This Agreement shall not be admissible in evidence to construe the
        provisions of any prior agreement.

       

      b. This
        Agreement and the rights and obligations hereunder of the Company and each
        Buyer
        may not be assigned. This Agreement and the rights and obligations hereunder
        of
        the Escrow Agent may be assigned by the Escrow Agent, with the prior consent
        of
        the Company. This Agreement shall be binding upon and inure to the benefit
        of
        the respective successors, heirs and permitted assigns of each of the Company,
        the Escrow Agent, the Principal Shareholder and each Buyer. No other person
        shall acquire or have any rights under or by virtue of this Agreement. This
        Agreement may not be changed orally or modified, amended or supplemented
        without
        an express written agreement executed by the Escrow Agent, the Company and
        Buyers purchasing not less than seventy-five percent (75%) of the Common
        Stock.
        This Agreement is intended to be for the sole benefit of the parties hereto
        and
        their respective successors, heirs and permitted assigns, and none of the
        provisions of this Agreement are intended to be, nor shall they be construed
        to
        be, for the benefit of any third person.

       

      c. The
        Escrow Agent shall be entitled to employ such legal counsel and other experts
        as
        the Escrow Agent may deem necessary properly to advise the Escrow Agent in
        connection with the Escrow Agent’s duties hereunder, may rely upon the advice of
        such counsel, and may pay such counsel reasonable compensation therefor which
        shall be paid by the Escrow Agent. The
        Escrow Agent has acted as legal counsel for the Company and may continue
        to act
        as legal counsel for the Company from time to time, notwithstanding its duties
        as the Escrow Agent hereunder. The Company and the Buyers consent to the
        Escrow
        Agent in such capacity as legal counsel for the Company and waive any claim
        that
        such representation represents a conflict of interest on the part of the
        Escrow
        Agent. The Company and the Buyers understand that the Escrow Agent is relying
        explicitly on the foregoing provision in entering into this Escrow
        Agreement.

       

      d. This
        Agreement shall be governed by, and construed in accordance with, the internal
        laws of the State of New York. The representations and warranties contained
        in
        this Agreement shall survive the execution and delivery hereof and any
        investigations made by any party. The headings in this Agreement are for
        purposes of reference only and shall not limit or otherwise affect any of
        the
        terms thereof.

       

      12. Execution
        of Counterparts. This
        Agreement may be executed in a number of counterparts, by facsimile, each
        of
        which shall be deemed to be an original as of those whose signature appears
        thereon, and all of which shall together constitute one and the same instrument.
        This Agreement shall become binding when one or more of the counterparts
        hereof,
        individually or taken together, are signed by all the parties.

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      [REMAINDER
        OF PAGE INTENTIONALLY LEFT BLANK]

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      IN
        WITNESS WHEREOF, the parties have executed and delivered this Agreement on
        the
        day and year first above written.

       

      
        	
                ESCROW
                  AGENT:

              
	 
	
                Sichenzia
                  Ross Friedman Ference LLP

              
	 
	
                By:
                  

              	
                ______________________________

              
	 	
                Name:
                  Gregory Sichenzia

              
	 	
                Title:
                  Partner

              
	 	 
	
                
                  PRINCIPAL
                    SHAREHOLDER

                

              
	 	 
	
                By:
                  

              	
                ______________________________

              
	
                Name:
                  Jiangping Jiang

              
	 
	
                BUYER:

              
	 
	
                ACCESS
                  AMERICA FUND, LP

              
	 
	
                By:

              	
                _____________________________

              
	 	
                Name:

              
	 	
                Title:

              

      

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

      
        	
                BUYER:

              
	 
	
                CHINAMERICA
                  FUND LP

              
	 	 
	
                By:

              	
                _____________________________

              
	 	
                Name:

              
	 	
                Title:

              
	 	 
	
                BUYER:

              
	 
	
                POPE
                  INVESTMENT II LLC

              
	 	 
	
                By:

              	
                _____________________________

              
	 	
                Name:

              
	 	
                Title:

              
	 	 
	
                BUYER:

              
	 
	
                HELLER
                  CAPITAL INVESTMENTS, LLC

              
	 
	
                By:

              	
                _____________________________

              
	 	
                Name:

              
	 	
                Title:

              

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      
        	
                BUYER:

              
	 
	
                CGM
                  as C/F RONALD I. HELLER IRA

              
	 	 
	
                By:

              	
                _____________________________

              
	 	
                Name:

              
	 	
                Title:

              
	 	 
	
                BUYER:

              
	 
	
                INVESTMENT
                  HUNTER, LLC

              
	 	 
	
                By:

              	
                _____________________________

              
	 	
                Name:

              
	 	
                Title:

              
	 	 
	
                BUYER:

              
	 
	
                MARED
                  INVESTMENTS

              
	 	 
	
                By:

              	
                _____________________________

              
	 	
                Name:

              
	 	
                Title:

              

      

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      

      
        	
                BUYER:

              
	 
	
                HIGH
                  CAPITAL FUNDING, LLC

              
	 
	
                By:

              	
                _____________________________

              
	 	
                Name:

              
	 	
                Title:

              
	 	 
	
                BUYER:

              
	 
	
                MERRILL
                  LYNCH, PIERCE, FENNER & SMITH, FBO BEAU L.
                  JOHNSON

              
	 	 
	
                By:

              	
                _____________________________

              
	 	
                Name:

              

      

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

      Title:
        EXHIBIT A

      PARTIES
        TO AGREEMENT

      

      Sichenzia
        Ross Friedman Ference LLP

      61
        Broadway, 32nd
        Floor,

      New
        York,
        New York 10006

      Attention:
        Benjamin A. Tan, Esq.

      Tel
        No.:
        (212) 930- 9700

      Fax
        No.:
        (212) 930-9725

      

      Jianping
        Jiang

      c/o
        Universal Travel Group

      3/F
        Hualian Building,

      No.
        2008
        of Shennan Road Central

      Futian
        District,

      Shenzhen,
        PRC

      Tel.
        No.
        (86) 755-83668559

      Fax
        No.
        (86) 755-83668556

      

      Buyers

      

      Access
        America Fund, LP

      1800
        West
        Loop, Suite 485,

      Houston,
        TX 77027

      Tel:

      Fax:

      

      Chinamerica
        Fund LP

      2909
        St.
        Andrews Drive,

      Richardson,
        TX 75082

      Tel:

      Fax:

      

      Pope
        Investment II LLC

      5100
        Poplar Avenue, Suite 805,

      Memphis,
        TN 38137

      

      Heller
        Capital Investments, LLC

      700
        E.
        Palisade Avenue,

      Englewood
        Cliffs, NJ 07632

      Tel:

      Fax:

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      

      CGM
        as
        C/F Ronald I. Heller IRA

      700
        E.
        Palisade Avenue,

      Englewood
        Cliffs, NJ 07632

      Tel:

      Fax:

      

      Investment
        Hunter, LLC

      1048
        Texan Trail,

      Grapevine,
        TX 76051

      Tel:

      Fax:

      

      MARed
        Investments

      29719
        High Eschelon, 

      Fair
        Oaks
        Ranch, TX 78015

      Tel:

      Fax:

      

      High
        Capital Funding, LLC

      333
        Sandy
        Springs Circle, Suite 230,

      Atlanta,
        GA 30328

      Tel:

      Fax:

      

      Merrill
        Lynch, Pierce, Fenner & Smith, FBO Beau L. Johnson

      150
        Fauyetteville St., Suite 2000,

      Raleigh,
        NC 27601-2919

      Tel:

      Fax:

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        B

       

      SUBSCRIPTION
        INFORMATION

      
        	 	 	 
	
                Name
                  of Buyer

              	 	
                ____________________________________________________________

              
	
                 

                Address
                  of Buyer

              	 	
                ____________________________________________________________

              
	 	 	
                
                

                
                  ____________________________________________________________

                

              
	 	 	
                 

                
                  ____________________________________________________________

                

              
	
                Amount
                  of Shares and Warrants

                 

                Subscribed
                  (US$)

              	 	
                ____________________________________________________________

              
	
                 

                Subscription
                  Amount Submitted Herewith

              	 	
                ____________________________________________________________

              
	
                 

                Taxpayer
                  ID Number/

                Social
                  Security Number

              	 	
                ____________________________________________________________

              

      

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        C

       

      DISBURSEMENT
        REQUEST

       

      Pursuant
        to that certain Escrow Agreement dated effective as of August [ ] , 2008,
        among
        Universal Travel Group, [ ] and Sichenzia Ross Friedman Ference LLP, as Escrow
        Agent, the Escrowing Parties hereby request disbursement of funds in the
        amount
        and manner described below from account number _____________, styled
        ____________________________ Escrow Account.

       

      
        	
                Please
                  disburse to:

              	
                ___________________________

              
	 	 
	
                Amount
                  to disburse:

              	
                ___________________________

              
	 	 
	
                Form
                  of distribution:

              	
                ___________________________

              
	 	 
	
                Payee:

              	 
	 	 
	
                Name:

              	
                ___________________________

              
	
                Address:

              	
                ___________________________

              
	
                City/State:

              	
                ___________________________

              
	
                Zip:

              	
                ___________________________

              
	 	 
	
                Please
                  disburse to:

              	
                ___________________________

              
	 	 
	
                Amount
                  to disburse:

              	
                ___________________________

              
	 	 
	
                Form
                  of distribution:

              	
                ___________________________

              
	 	 
	
                Payee:

              	 
	 	 
	
                Name:

              	
                ___________________________

              
	
                Address:

              	
                ___________________________

              
	
                City/State:

              	
                ___________________________

              
	
                Zip:

              	
                ___________________________

              
	 	 

      

      
        Subscriptions
          Accepted From 

      

      
        	
                 

              	 
	
                Buyer

              	
                Amount

              
	
                ___________________________

              	
                __________________________

              
	
                ___________________________

              	
                __________________________

              
	
                ___________________________

              	
                __________________________

              
	
                ___________________________

              	
                __________________________

              
	
                Total:

              	
                __________________________

              
	
                Statement
                  of event or condition which calls for this request for
                  disbursement:

              	 
	
                _______________________________________________________________________________

              
	
                _______________________________________________________________________________

              

      

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

       

      
        	 	
                UNIVERSAL
                  TRAVEL GROUP

              
	 	 
	
                Date:
                  _________________________

              	
                By:
                  _________________________

              
	 	
                Name:

              
	 	
                Title:

              
	 	 
	
                 

              	
                Access
                  America Fund, LP 

              
	 	 
	
                Date:
                  _________________________

              	
                By:
                  __________________________

              
	 	
                Name:

              
	 	
                Title:
                  

              

      

       

      
        
          
          

        

        
          17REGISTRATION
      RIGHTS AGREEMENT

    

    REGISTRATION
      RIGHTS AGREEMENT
      (this
“Agreement”),
      dated
      as of August 28, 2008, by and among Universal Travel Group, a Nevada
      corporation, with headquarters located at Shennan Road, Hualian Center, Room
      301-309, Shenzhen, the People’s Republic of China (the “Company”),
      and
      the investors listed on the Schedule of Buyers attached hereto (each, a
“Buyer”
and
      collectively, the “Buyers”).

    

    BACKGROUND

    

    A. In
      connection with the Securities Purchase Agreement by and among the parties
      hereto of even date herewith (the “Securities
      Purchase Agreement”),
      the
      Company has agreed, upon the terms and subject to the conditions of the
      Securities Purchase Agreement, to issue and sell to each Buyer (i) shares (the
      “Common
      Shares”)
      of the
      Company's common stock, par value $0.001 per share (the “Common
      Stock”),
      and
      (ii) warrants (the “Warrants”)
      which
      will be exercisable to purchase shares of Common Stock (as exercised, the
“Warrant
      Shares”)
      in
      accordance with the terms of the Warrants.

    

    B. In
      accordance with the terms of the Securities Purchase Agreement, the Company
      has
      agreed to provide certain registration rights under the Securities Act of 1933,
      as amended, and the rules and regulations thereunder, or any similar successor
      statute (collectively, the “1933
      Act”),
      and
      applicable state securities laws. 

    

    NOW,
      THEREFORE,
      in
      consideration of the premises and the mutual covenants contained herein and
      other good and valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged, the Company and each of the Buyers hereby agree as
      follows:

    

    1. Definitions.
      

    

    Capitalized
      terms used herein and not otherwise defined herein shall have the respective
      meanings set forth in the Securities Purchase Agreement. As used in this
      Agreement, the following terms shall have the following meanings:

    

    (a) “Additional
      Effective Date”
means
      the date the Additional Registration Statement is declared effective by the
      SEC.

    

    (b) “Additional
      Effectiveness Deadline”
means
      the date which is one hundred and eighty (180) calendar days after the
      Additional Filing Date.

    

    (c) “Additional
      Filing Date”
means
      the date on which the Additional Registration Statement is filed with the
      SEC.

    

    (d) “Additional
      Filing Deadline”
means
      if Additional Registrable Securities are required to be included in the
      Additional Registration Statement, the later of (i) ninety (90) days after
      the
      Initial Effective Date or the last preceding Additional Effective Date, as
      the
      case may be, or (ii) six (6) months after the Initial Effective Date or the
      last
      preceding Additional Effective Date in the event the SEC were to deem the former
      ninety-day period in (i) as premature for filing the Additional Registration
      Statement or (iii) the date which is six (6) weeks after substantially all
      of
      the Registrable Securities registered under the immediately preceding
      Registration Statement are sold, as applicable.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (e) “Additional
      Registrable Securities”
means,
      (i) any Cutback Shares not previously included on a Registration Statement
      and
      (ii) any share capital of the Company issued or issuable with respect to the
      Cutback Shares, as a result of any stock split, stock dividend,
      recapitalization, exchange or similar event or otherwise.

    

    (f) “Additional
      Registration Statement”
means
      a
      registration statement or registration statements of the Company filed under
      the
      1933 Act covering any Additional Registrable Securities.

    

    (g) “Additional
      Required Registration Amount”
means
      any Additional Registrable Securities not previously included on a Registration
      Statement.

    

    (h) “Business
      Day”
means
      any day other than Saturday, Sunday or any other day on which commercial banks
      in The City of New York are authorized or required by law to remain
      closed.

    

    (i) “Closing
      Date”
shall
      have the meaning set forth in the Securities Purchase Agreement.

    

    (j) “Cutback
      Shares”
means
      the Additional Required Registration Amount of Registrable Securities not
      included in all Registration Statements previously declared effective hereunder
      as a result of a limitation on the maximum number of shares of Common Stock
      of
      the Company permitted to be registered by the staff of the SEC pursuant to
      Rule
      415.

    

    (k) “Effective
      Date”
means
      the Initial Effective Date and the Additional Effective Date, as
      applicable.

    

    (l) “Effectiveness
      Deadline”
means
      the Initial Effectiveness Deadline and the Additional Effectiveness Deadline,
      as
      applicable.

    

    (m) “Eligible
      Market”
means
      the Over The Counter Bulletin Board, American Stock Exchange, the New York
      Stock
      Exchange, Inc., The NASDAQ Global Select Market, the NASDAQ Global Market or
      The
      NASDAQ Capital Market.

    

    (n) “Filing
      Deadline”
means
      the Initial Filing Deadline and the Additional Filing Deadline, as
      applicable.

    

    (o) “Initial
      Effective Date”
means
      the date that the Registration Statement has been declared effective by the
      SEC.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (p) “Initial
      Effectiveness Deadline”
means
      the earlier of (I) the date which is one hundred eighty (180) calendar days
      after the Closing Date and (II) the date which is five (5) Business Days after
      the Company learns that no review of the Registration Statement will be made
      by
      the staff of the SEC or that the staff of the SEC has no further comments on
      the
      Registration Statement.

    

    (q) “Initial
      Filing Deadline”
means
      forty-five (45) calendar days after the Closing Date.

    

    (r) “Initial
      Registrable Securities”
means
      (i) the Common Shares, (ii) the Warrant Shares issued or issuable upon exercise
      of the Warrants, and (iii) any capital stock of the Company issued or issuable,
      with respect to the Common Shares, the Warrant Shares, and the Warrants, as
      a
      result of any stock split, stock dividend, recapitalization, exchange or similar
      event or otherwise, without regard to any limitations on exercise of the
      Warrants.

    

    (s) “Initial
      Required Registration Amount”
(I)
      the
      sum of (i) the number of Common Shares issued and (ii) the number of Warrant
      Shares issued and issuable pursuant to the Warrants as of the trading day
      immediately preceding the applicable date of determination, or (II) such other
      amount as may be permitted by the staff of the SEC pursuant to Rule 415, but
      not
      less than the number of Common Shares issued.

    

    (t) “Initial
      Registration Statement”
means
      a
      registration statement or registration statements of the Company filed under
      the
      1933 Act covering the Initial Registrable Securities.

    

    (u) “Investor”
means
      a
      Buyer, any transferee or assignee thereof to whom a Buyer assigns its rights
      under this Agreement and who agrees to become bound by the provisions of this
      Agreement in accordance with Section 9 and any transferee or assignee thereof
      to
      whom a transferee or assignee assigns its rights under this Agreement and who
      agrees to become bound by the provisions of this Agreement in accordance with
      Section 9.

    

    (v) “Person”
means
      an individual, a limited liability company, a partnership, a joint venture,
      a
      corporation, a trust, an unincorporated organization and a government or any
      department or agency thereof.

    

    (w) “register,”
      “registered,”
and
      “registration”
refer
      to a registration effected by preparing and filing one or more Registration
      Statements (as defined below) in compliance with the 1933 Act and pursuant
      to
      Rule 415, and the declaration or ordering of effectiveness of such Registration
      Statement(s) by the SEC.

    

    (x) “Registrable
      Securities”
means
      the Initial Registrable Securities and the Additional Registrable
      Securities.

    

    (y) “Registration
      Statement”
means
      a
      registration statement or registration statements of the Company filed under
      the
      1933 Act covering the Registrable Securities.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (z) “Required
      Holders”
means
      the holders of at least a majority of the Registrable Securities.

    

    (aa) “Required
      Registration Amount”
means
      either the Initial Required Registration Amount or the Additional Required
      Registration Amount, as applicable.

    

    (bb) “Rule
      415”
means
      Rule 415 of Regulation C under the 1933 Act or any successor rule providing
      for
      offering securities on a continuous or delayed basis.

    

    (cc) “SEC”
means
      the United States Securities and Exchange Commission.

    

    2. Registration.

    

    (a) Initial
      Mandatory Registration.
      The
      Company shall prepare, and, as soon as practicable but in no event later than
      the Initial Filing Deadline, file with the SEC the Initial Registration
      Statement on Form S-3 covering the resale of all of the Initial Registrable
      Securities. In the event that Form S-3 is unavailable for such a registration,
      the Company shall use such other form as is available for such a registration
      on
      another appropriate form reasonably acceptable to the Required Holders, subject
      to the provisions of Section 2(e). The Initial Registration Statement prepared
      pursuant hereto shall register for resale at least the number of shares of
      Common Stock equal to the Initial Registrable Securities determined as of the
      date the Initial Registration Statement is initially filed with the SEC, subject
      to adjustment as provided in Section 2(f). The Initial Registration Statement
      shall contain the “Selling Stockholders” section and “Plan of Distribution”
attached hereto as Annex
      I.
      The
      Company shall use its commercially reasonable efforts to have the Initial
      Registration Statement declared effective by the SEC as soon as practicable,
      but
      in no event later than the Initial Effectiveness Deadline provided that in
      the
      event that the Company is unable to register for resale under Rule 415 all
      of
      the Initial Registrable Securities on the Registration Statement that it has
      agreed to file pursuant to the first sentence of this Section 2(a) due to limits
      imposed by the SEC’s interpretation of Rule 415, then the Company shall be
      obligated to include in such Initial Registration Statement (which may be a
      subsequent Registration Statement if the Company needs to withdraw the Initial
      Registration Statement and refile a new Initial Registration Statement in order
      to rely on Rule 415) only such limited portion of the Registrable Securities
      (equivalent to the Initial Required Registration Amount) as the SEC shall
      permit. Any exclusion of Registrable Securities shall be made pro rata among
      the
      Investors in proportion to the number of Registrable Securities held by such
      Investors. By 9:30 a.m. New York time on the Business Day following the Initial
      Effective Date, the Company shall file with the SEC in accordance with Rule
      424
      under the 1933 Act the final prospectus to be used in connection with sales
      pursuant to such Initial Registration Statement.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (b) Additional
      Mandatory Registrations.
      The
      Company shall prepare, and, as soon as practicable but in no event later than
      the Additional Filing Deadline, file with the SEC an Additional Registration
      Statement on Form S-3 covering the resale of all of the Additional Registrable
      Securities not previously registered in an Initial Registration Statement or
      a
      preceding Additional Registration Statement as the case may be. To the extent
      the staff of the SEC does not permit the aforesaid Additional Registrable
      Securities to be registered on an Additional Registration Statement, the Company
      shall file Additional Registration Statements successively trying to register
      on
      each such Additional Registration Statement the maximum number of remaining
      Additional Registrable Securities until the Additional Required Registration
      Amount has been registered with the SEC. In the event that Form S-3 is
      unavailable for such a registration, the Company shall use such other form
      as is
      available for such a registration on another appropriate form reasonably
      acceptable to the Required Holders, subject to the provisions of Section 2(e).
      The Company shall use its commercially reasonable efforts to have each
      Additional Registration Statement declared effective by the SEC as soon as
      practicable, but in no event later than the Additional Effectiveness Deadline.
      By 9:30 a.m. New York time on the Business Day following the Additional
      Effective Date, the Company shall file with the SEC in accordance with Rule
      424
      under the 1933 Act the final prospectus to be used in connection with sales
      pursuant to such Additional Registration Statement.

    

    (c) Allocation
      of Registrable Securities.
      The
      number of Registrable Securities included in any Registration Statement and
      each
      increase or decrease in the number of Registrable Securities included therein
      shall be allocated pro rata among the Investors based on the number of
      Registrable Securities held by each Investor at the time the Registration
      Statement covering such number of Registrable Securities or increase or decrease
      thereof is declared effective by the SEC. In the event that an Investor sells
      or
      otherwise transfers any of such Investor's Registrable Securities, each
      transferee shall be allocated a pro rata portion of the then remaining number
      of
      Registrable Securities included in such Registration Statement for such
      transferor. Any shares of Common Stock included in a Registration Statement
      and
      which remain allocated to any Person which ceases to hold any Registrable
      Securities covered by such Registration Statement shall be allocated to the
      remaining Investors, pro rata based on the number of Registrable Securities
      then
      held by such Investors which are covered by such Registration Statement. In
      no
      event shall the Company include any securities other than Registrable Securities
      on any Registration Statement without the prior written consent of the Required
      Holders.

    

    (d) Legal
      Counsel.
      Subject
      to Section 5 hereof, the Required Holders shall have the right to select one
      legal counsel to review and oversee any registration pursuant to this Section
      2
      (“Legal
      Counsel”).
      The
      Company and Legal Counsel shall reasonably cooperate with each other in
      performing the Company's obligations under this Agreement.

    

    (e) Ineligibility
      for Form S-3.
      In the
      event that Form S-3 is not available for the registration of the resale of
      Registrable Securities hereunder, the Company shall (i) register the resale
      of
      the Registrable Securities on Form S-1 or on another appropriate form reasonably
      acceptable to the Required Holders and (ii) undertake to register the
      Registrable Securities on Form S-3 as soon as such form is available, provided
      that the Company shall maintain the effectiveness of the Registration Statement
      then in effect until such time as a Registration Statement on Form S-3 covering
      the Registrable Securities has been declared effective by the SEC.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (f) Sufficient
      Number of Shares Registered.
      In the
      event the number of shares available under a Registration Statement filed
      pursuant to Section 2(a) is insufficient to cover all of the Registrable
      Securities required and permitted by the SEC to be covered by such Registration
      Statement or an Investor's allocated portion of the Registrable Securities
      pursuant to Section 2(b), the Company shall amend the applicable Registration
      Statement, or file a new Registration Statement (on the short form available
      therefor, if applicable), or both, so as to cover at least the Required
      Registration Amount as of the trading day immediately preceding the date of
      the
      filing of such amendment or new Registration Statement, in each case, as soon
      as
      practicable, but in any event not later than fifteen (15) days after the
      necessity therefore arises. The Company shall use its commercially reasonable
      efforts to cause such amendment and/or new Registration Statement to become
      effective as soon as practicable following the filing thereof. For purposes
      of
      the foregoing provision, the number of shares available under a Registration
      Statement shall be deemed “insufficient to cover all of the Registrable
      Securities” if at any time the number of shares of Common Stock available for
      resale under such Registration Statement is less than the number of Registrable
      Securities. The calculation set forth in the foregoing sentence shall be made
      without regard to any limitations on the exercise of the Warrants and such
      calculation shall assume that the Warrants are then exercisable into shares
      of
      Common Stock.

    

    (g) Effect
      of Failure to File and Obtain and Maintain Effectiveness of Registration
      Statement.
      If (i)
      a Registration Statement covering all the Registrable Securities required to
      be
      covered thereby and required to be filed by the Company pursuant to this
      Agreement is (A) not filed with the SEC on or before the respective Filing
      Deadline (a “Filing
      Failure”)
      or (B)
      not declared effective by the SEC on the respective Effectiveness Deadline,
      (an
“Effectiveness
      Failure”) or
      (ii)
      on any day after the respective Effective Date sales of all the Registrable
      Securities included on such Registration Statement cannot be made (other than
      during an Allowable Grace Period (as defined in Section 3(r)) pursuant to such
      Registration Statement or otherwise (including, without limitation, because
      of a
      failure to keep such Registration Statement effective, to disclose such
      information as is necessary for sales to be made pursuant to such Registration
      Statement, to register a sufficient number of shares of Common Stock or to
      maintain the listing of the Common Stock) (a “Maintenance
      Failure”)
      then,
      as partial relief for the damages to any holder by reason of any such delay
      in
      or reduction of its ability to sell the underlying shares of Common Stock (which
      remedy shall not be exclusive of any other remedies available at law or in
      equity), (A) the Company shall pay to each holder of Registrable Securities
      relating to such Registration Statement an amount in cash equal to two percent
      (2.0%) of the aggregate Purchase Price (as such term is defined in the
      Securities Purchase Agreement) of such Investor's Registrable Securities
      included in such Registration Statement on each of the following dates: (i)
      the
      day of a Filing Failure; (ii) the day of an Effectiveness Failure; and (iii)
      the
      initial day of a Maintenance Failure; and (B) the Company shall pay to each
      holder of Registrable Securities relating to such Registration Statement an
      amount in cash equal to one percent (1.0%) of the aggregate Purchase Price
      of
      such Investor's Registrable Securities included in such Registration Statement
      on each of the following dates: (i) on the thirtieth day after the date of
      a
      Filing Failure and every thirtieth day thereafter (pro rated for periods
      totaling less than thirty days) until such Filing Failure is cured; (ii) on
      the
      thirtieth day after the date of an Effectiveness Failure and every thirtieth
      day
      thereafter (pro rated for periods totaling less than thirty days) until such
      Effectiveness Failure is cured; and (iii) on the thirtieth day after the date
      of
      a Maintenance Failure and every thirtieth day thereafter (pro rated for periods
      totaling less than thirty days) until such Maintenance Failure is cured. The
      payments to which a holder shall be entitled pursuant to this Section 2(g)
      are
      referred to herein as “Registration
      Delay Payments.”
      Registration Delay Payments shall be paid on the later of (I) the dates set
      forth above or (II) the third Business Day after the event or failure giving
      rise to the Registration Delay Payments is cured. In the event the Company
      fails
      to make Registration Delay Payments in a timely manner, such Registration Delay
      Payments shall bear interest at the rate of one and one-half percent (1.5%)
      per
      month (prorated for partial months) until paid in full. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    3. Related
      Obligations.

    

    At
      such
      time as the Company is obligated to file a Registration Statement with the
      SEC
      pursuant to Section 2(a), 2(b), 2(e) or 2(f), the Company will use its
      commercially reasonable efforts to effect the registration of the Registrable
      Securities in accordance with the intended method of disposition thereof and,
      pursuant thereto, the Company shall have the following obligations:

    

    (a) The
      Company shall submit to the SEC, within three (3) Business Days after the
      Company learns that no review of a particular Registration Statement will be
      made by the staff of the SEC or that the staff of the SEC has no further
      comments on a particular Registration Statement, as the case may be, a request
      for acceleration of effectiveness of such Registration Statement to a time
      and
      date not later than 48 hours after the submission of such request. The Company
      shall keep each Registration Statement effective pursuant to Rule 415 at all
      times during the period in which any of the Warrants are outstanding (the
“Registration
      Period”).
      The
      Company shall ensure that each Registration Statement (including any amendments
      or supplements thereto and prospectuses contained therein) shall not contain
      any
      untrue statement of a material fact or omit to state a material fact required
      to
      be stated therein, or necessary to make the statements therein (in the case
      of
      prospectuses, in the light of the circumstances in which they were made) not
      misleading.

    

    (b) The
      Company shall prepare and file with the SEC such amendments (including
      post-effective amendments) and supplements to a Registration Statement and
      the
      prospectus used in connection with such Registration Statement, which prospectus
      is to be filed pursuant to Rule 424 promulgated under the 1933 Act, as may
      be
      necessary to keep such Registration Statement effective at all times during
      the
      Registration Period, and, during such period, comply with the provisions of
      the
      1933 Act with respect to the disposition of all Registrable Securities of the
      Company covered by such Registration Statement until such time as all of such
      Registrable Securities shall have been disposed of in accordance with the
      intended methods of disposition by the seller or sellers thereof as set forth
      in
      such Registration Statement. In the case of amendments and supplements to a
      Registration Statement which are required to be filed pursuant to this Agreement
      (including pursuant to this Section 3(b)) by reason of the Company filing a
      report on Form 10-K, Form 10-Q or Form 8-K or any analogous report under the
      Securities Exchange Act of 1934, as amended (the “1934
      Act”),
      the
      Company shall have incorporated such report by reference into such Registration
      Statement, if applicable, or shall file such amendments or supplements with
      the
      SEC on the same day on which the 1934 Act report is filed which created the
      requirement for the Company to amend or supplement such Registration
      Statement.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (c) The
      Company shall (A) permit Legal Counsel to review and comment upon (i) a
      Registration Statement at least five (5) Business Days prior to its filing
      with
      the SEC and (ii) all amendments and supplements to all Registration Statements
      (except for Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current
      Reports on Form 8-K and any similar or successor reports) within a reasonable
      number of days prior to their filing with the SEC, and (B) not file any
      Registration Statement or amendment or supplement thereto in a form to which
      Legal Counsel reasonably objects. The Company shall furnish to Legal Counsel,
      without charge and upon Legal Counsel’s reasonable request, (i) copies of any
      correspondence from the SEC or the staff of the SEC to the Company or its
      representatives relating to any Registration Statement, (ii) promptly after
      the
      same is prepared and filed with the SEC, one copy of any Registration Statement
      and any amendment(s) thereto, including financial statements and schedules,
      all
      documents incorporated therein by reference, if requested by Legal Counsel
      and
      not otherwise available on the EDGAR system, and all exhibits and (iii) upon
      the
      effectiveness of any Registration Statement, one copy of the prospectus included
      in such Registration Statement and all amendments and supplements thereto.
      The
      Company shall reasonably cooperate with Legal Counsel in performing the
      Company's obligations pursuant to this Section 3.

    

    (d) The
      Company shall furnish to each Investor whose Registrable Securities are included
      in any Registration Statement, without charge, (i) promptly after the same
      is
      prepared and filed with the SEC, at least one copy of such Registration
      Statement and any amendment(s) thereto, including financial statements and
      schedules, all documents incorporated therein by reference, if requested by
      an
      Investor and not otherwise available on the EDGAR system, all exhibits and
      each
      preliminary prospectus, (ii) upon the effectiveness of any Registration
      Statement, such number of copies of the prospectus included in such Registration
      Statement and all amendments and supplements thereto as such Investor may
      reasonably request and (iii) such other documents, including copies of any
      preliminary or final prospectus, as such Investor may reasonably request from
      time to time in order to facilitate the disposition of the Registrable
      Securities owned by such Investor. 

    

    (e) The
      Company shall use its commercially reasonable efforts to (i) register and
      qualify, unless an exemption from registration and qualification applies, the
      resale by Investors of the Registrable Securities covered by a Registration
      Statement under such other securities or “blue sky” laws of all applicable
      jurisdictions in the United States, (ii) prepare and file in those jurisdictions
      such amendments (including post-effective amendments) and supplements to such
      registrations and qualifications as may be necessary to maintain the
      effectiveness thereof during the Registration Period, (iii) take such other
      actions as may be necessary to maintain such registrations and qualifications
      in
      effect at all times during the Registration Period, and (iv) take all other
      actions reasonably necessary or advisable to qualify the Registrable Securities
      for sale in such jurisdictions; provided, however, that the Company shall not
      be
      required in connection therewith or as a condition thereto to (x) qualify to
      do
      business in any jurisdiction where it would not otherwise be required to qualify
      but for this Section 3(e), (y) subject itself to general taxation in any such
      jurisdiction, or (z) file a general consent to service of process in any such
      jurisdiction. The Company shall promptly notify Legal Counsel and each Investor
      who holds Registrable Securities of the receipt by the Company of any
      notification with respect to the suspension of the registration or qualification
      of any of the Registrable Securities for sale under the securities or “blue sky”
laws of any jurisdiction in the United States or its receipt of actual notice
      of
      the initiation or threatening of any proceeding for such purpose.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (f) The
      Company shall notify Legal Counsel and each Investor in writing of the happening
      of any event, as promptly as practicable after becoming aware of such event,
      as
      a result of which the prospectus included in a Registration Statement, as then
      in effect, includes an untrue statement of a material fact or omission to state
      a material fact required to be stated therein or necessary to make the
      statements therein, in the light of the circumstances under which they were
      made, not misleading (provided that in no event shall such notice contain any
      material, nonpublic information), and, subject to Section 3(r), promptly prepare
      a supplement or amendment to such Registration Statement to correct such untrue
      statement or omission, and deliver ten (10) copies of such supplement or
      amendment to Legal Counsel and each Investor (or such other number of copies
      as
      Legal Counsel or such Investor may reasonably request). The Company shall also
      promptly notify Legal Counsel and each Investor in writing (i) when a prospectus
      or any prospectus supplement or post-effective amendment has been filed, and
      when a Registration Statement or any post-effective amendment has become
      effective (notification of such effectiveness shall be delivered to Legal
      Counsel and each Investor by facsimile on the same day of such effectiveness
      and
      by overnight mail), (ii) of any request by the SEC for amendments or supplements
      to a Registration Statement or related prospectus or related information, and
      (iii) of the Company's reasonable determination that a post-effective amendment
      to a Registration Statement would be appropriate. By 9:30 a.m. New York City
      time on the date following the date any post-effective amendment has become
      effective, the Company shall file with the SEC in accordance with Rule 424
      under
      the 1933 Act the final prospectus to be used in connection with sales pursuant
      to such Registration Statement.

    

    (g) The
      Company shall use its commercially reasonable efforts to prevent the issuance
      of
      any stop order or other suspension of effectiveness of a Registration Statement,
      or the suspension of the qualification of any of the Registrable Securities
      for
      sale in any jurisdiction and, if such an order or suspension is issued, to
      obtain the withdrawal of such order or suspension at the earliest possible
      moment and to notify Legal Counsel and each Investor who holds Registrable
      Securities being sold of the issuance of such order and the resolution thereof
      or its receipt of actual notice of the initiation or threat of any proceeding
      for such purpose.

    

    (h) If
      any
      Investor is required under applicable securities laws to be described in the
      Registration Statement as an underwriter, at the reasonable request of such
      Investor, the Company shall furnish to such Investor, on the date of the
      effectiveness of the Registration Statement and thereafter from time to time
      on
      such dates as an Investor may reasonably request (i) a letter, dated such date,
      from the Company's independent certified public accountants in form and
      substance as is customarily given by independent certified public accountants
      to
      underwriters in an underwritten public offering, addressed to the Investors,
      and
      (ii) an opinion, dated as of such date, of counsel representing the Company
      for
      purposes of such Registration Statement, in form, scope and substance as is
      customarily given in an underwritten public offering, addressed to the
      Investors.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (i) If
      any
      Investor is required under applicable securities laws to be described in the
      Registration Statement as an underwriter, the Company shall make available
      for
      inspection by (i) such Investor, (ii) Legal Counsel and (iii) one firm of
      accountants or other agents retained by Legal Counsel (collectively, the
“Inspectors”),
      all
      pertinent financial and other records, and pertinent corporate documents and
      properties of the Company (collectively, the “Records”),
      as
      shall be reasonably deemed necessary by each Inspector, and cause the Company's
      officers, directors and employees to supply all information which any Inspector
      may reasonably request; provided, however, that each Inspector shall agree
      to
      hold in strict confidence and shall not make any disclosure (except to an
      Investor) or use of any Record or other information which the Company determines
      in good faith to be confidential, and of which determination the Inspectors
      are
      so notified, unless (a) the disclosure of such Records is necessary to avoid
      or
      correct a misstatement or omission in any Registration Statement or is otherwise
      required under the 1933 Act, (b) the release of such Records is ordered pursuant
      to a final, non-appealable subpoena or order from a court or government body
      of
      competent jurisdiction, or (c) the information in such Records has been made
      generally available to the public other than by disclosure in violation of
      this
      Agreement. Each Investor agrees that it shall, upon learning that disclosure
      of
      such Records is sought in or by a court or governmental body of competent
      jurisdiction or through other means, give prompt notice to the Company and
      allow
      the Company, at its expense, to undertake appropriate action to prevent
      disclosure of, or to obtain a protective order for, the Records deemed
      confidential. Nothing herein (or in any other confidentiality agreement between
      the Company and any Investor) shall be deemed to limit the Investors' ability
      to
      sell Registrable Securities in a manner which is otherwise consistent with
      applicable laws and regulations.

    

    (j) The
      Company shall hold in confidence and not make any disclosure of information
      concerning an Investor provided to the Company unless (i) disclosure of such
      information is necessary to comply with federal or state securities laws, (ii)
      the disclosure of such information is necessary to avoid or correct a
      misstatement or omission in any Registration Statement, (iii) the release of
      such information is ordered pursuant to a subpoena or other final,
      non-appealable order from a court or governmental body of competent
      jurisdiction, or (iv) such information has been made generally available to
      the
      public other than by disclosure in violation of this Agreement or any other
      agreement. The Company agrees that it shall, upon learning that disclosure
      of
      such information concerning an Investor is sought in or by a court or
      governmental body of competent jurisdiction or through other means, give prompt
      written notice to such Investor and allow such Investor, at the Investor's
      expense, to undertake appropriate action to prevent disclosure of, or to obtain
      a protective order for, such information.

    

    (k) [Reserved.]
      

    

    (l) The
      Company shall cooperate with the Investors who hold Registrable Securities
      being
      offered and, to the extent applicable, facilitate the timely preparation and
      delivery of certificates (not bearing any restrictive legend) representing
      the
      Registrable Securities to be offered pursuant to a Registration Statement and
      enable such certificates to be in such denominations or amounts, as the case
      may
      be, as the Investors may reasonably request and registered in such names as
      the
      Investors may request.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (m) If
      requested by an Investor, the Company shall as soon as practicable (i)
      incorporate in a prospectus supplement or post-effective amendment such
      information as an Investor reasonably requests to be included therein relating
      to the sale and distribution of Registrable Securities, including, without
      limitation, information with respect to the number of Registrable Securities
      being offered or sold, the purchase price being paid therefor and any other
      terms of the offering of the Registrable Securities to be sold in such offering;
      (ii) make all required filings of such prospectus supplement or post-effective
      amendment after being notified of the matters to be incorporated in such
      prospectus supplement or post-effective amendment; and (iii) supplement or
      make
      amendments to any Registration Statement if reasonably requested by an Investor
      holding any Registrable Securities.

    

    (n) The
      Company shall use its commercially reasonable efforts to cause the Registrable
      Securities covered by a Registration Statement to be registered with or approved
      by such other governmental agencies or authorities as may be necessary to
      consummate the disposition of such Registrable Securities.

    

    (o) Unless
      available on the EDGAR system, the Company shall make generally available to
      its
      security holders as soon as practical, but not later than ninety (90) days
      after
      the close of the period covered thereby, an earnings statement (in form
      complying with, and in the manner provided by, the provisions of Rule 158 under
      the 1933 Act) covering a twelve-month period beginning not later than the first
      day of the Company's fiscal quarter next following the Effective Date of a
      Registration Statement.

    

    (p) The
      Company shall otherwise use its commercially reasonable efforts to comply with
      all applicable rules and regulations of the SEC in connection with any
      registration hereunder.

    

    (q) Within
      two (2) Business Days after a Registration Statement which covers Registrable
      Securities is ordered effective by the SEC, the Company shall deliver, and
      shall
      cause legal counsel for the Company to deliver, to the transfer agent for such
      Registrable Securities (with copies to the Investors whose Registrable
      Securities are included in such Registration Statement) confirmation that such
      Registration Statement has been declared effective by the SEC in the form
      attached hereto as Exhibit
      A.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (r) Notwithstanding
      anything to the contrary herein, at any time after the Effective Date, the
      Company may delay the disclosure of material, non-public information concerning
      the Company the disclosure of which at the time is not, in the good faith
      opinion of the Board of Directors of the Company and its counsel, in the best
      interest of the Company and, in the opinion of counsel to the Company, otherwise
      required (a “Grace
      Period”);
      provided, that the Company shall promptly (i) notify the Investors in writing
      of
      the existence of material, non-public information giving rise to a Grace Period
      in conformity with the provisions of this Section 3(r) (provided that in each
      notice the Company will not disclose the content of such material, non-public
      information to the Investors) and the date on which the Grace Period will begin,
      and (ii) notify the Investors in writing of the date on which the Grace Period
      ends; and, provided further, that no Grace Period shall exceed five (5)
      consecutive days and during any three hundred sixty five (365) day period such
      Grace Periods shall not exceed an aggregate of twenty (20) days and the first
      day of any Grace Period must be at least five (5) trading days after the last
      day of any prior Grace Period (each, an “Allowable
      Grace Period”).
      For
      purposes of determining the length of a Grace Period above, the Grace Period
      shall begin on and include the date the Investors receive the notice referred
      to
      in clause (i) and shall end on and include the later of the date the Investors
      receive the notice referred to in clause (ii) and the date referred to in such
      notice. The provisions of Section 3(g) hereof shall not be applicable during
      the
      period of any Allowable Grace Period. Upon expiration of the Grace Period,
      the
      Company shall again be bound by the first sentence of Section 3(f) with respect
      to the information giving rise thereto unless such material, non-public
      information is no longer applicable. Notwithstanding anything to the contrary,
      the Company shall cause its transfer agent to deliver unlegended shares of
      Common Stock to a transferee of an Investor in accordance with the terms of
      the
      Securities Purchase Agreement in connection with any sale of Registrable
      Securities with respect to which an Investor has entered into a contract for
      sale, and delivered a copy of the prospectus included as part of the applicable
      Registration Statement, prior to the Investor's receipt of the notice of a
      Grace
      Period and for which the Investor has not yet settled. 

    

    (s) Neither
      the Company nor any Subsidiary or affiliate thereof shall identify any Buyer
      as
      an underwriter in any public disclosure or filing with the SEC, the Financial
      Industry Regulatory Authority, Inc. or any Eligible Market and any Buyer being
      deemed an underwriter by the SEC shall not relieve the Company of any
      obligations it has under this Agreement or any other Transaction Document
(as
      defined in the Securities Purchase Agreement); provided,
      however,
      that
      the foregoing shall not prohibit the Company from including the disclosure
      found
      in the “Plan of Distribution” section attached hereto as Exhibit
      B
      in the
      Registration Statement.
      

    

    4. Obligations
      of the Investors.

    

    (a) At
      least
      five (5) Business Days prior to the first anticipated filing date of a
      Registration Statement, the Company shall notify each Investor in writing of
      the
      information the Company requires from each such Investor if such Investor elects
      to have any of such Investor's Registrable Securities included in such
      Registration Statement. It shall be a condition precedent to the obligations
      of
      the Company to complete any registration pursuant to this Agreement with respect
      to the Registrable Securities of a particular Investor that such Investor shall
      furnish to the Company such information regarding itself, the Registrable
      Securities held by it and the intended method of disposition of the Registrable
      Securities held by it as shall be reasonably required to effect the
      effectiveness of the registration of such Registrable Securities and shall
      execute such documents in connection with such registration as the Company
      may
      reasonably request. 

    

    (b) Each
      Investor, by such Investor's acceptance of the Registrable Securities, agrees
      to
      cooperate with the Company as reasonably requested by the Company in connection
      with the preparation and filing of any Registration Statement hereunder, unless
      such Investor has notified the Company in writing of such Investor's election
      to
      exclude all of such Investor's Registrable Securities from such Registration
      Statement.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (c) Each
      Investor agrees that, upon receipt of any notice from the Company of the
      happening of any event of the kind described in Section 3(g) or the first
      sentence of 3(f), such Investor will immediately discontinue disposition of
      Registrable Securities pursuant to any Registration Statement(s) covering such
      Registrable Securities until such Investor's receipt of copies of the
      supplemented or amended prospectus as contemplated by Section 3(g) or the first
      sentence of 3(f) or receipt of notice that no supplement or amendment is
      required. Notwithstanding anything to the contrary, the Company shall cause
      its
      transfer agent to deliver unlegended shares of Common Stock to a transferee
      of
      an Investor in accordance with the terms of the Securities Purchase Agreement
      in
      connection with any sale of Registrable Securities with respect to which an
      Investor has entered into a contract for sale prior to the Investor's receipt
      of
      a notice from the Company of the happening of any event of the kind described
      in
      Section 3(g) or the first sentence of 3(f) and for which the Investor has not
      yet settled.

    

    (d) Each
      Investor covenants and agrees that it will comply with the prospectus delivery
      requirements of the 1933 Act as applicable to it or an exemption therefrom
      in
      connection with sales of Registrable Securities pursuant to the Registration
      Statement.

    

    5. Expenses
      of Registration.

    

    All
      reasonable expenses, other than underwriting discounts and commissions, incurred
      in connection with registrations, filings or qualifications pursuant to Sections
      2 and 3, including, without limitation, all registration, listing and
      qualifications fees, printers and accounting fees, and fees and disbursements
      of
      counsel for the Company shall be paid by the Company. The Company is not liable
      to the Investors for the fees and disbursements of Legal Counsel in connection
      with registration, filing or qualification pursuant to Sections 2 and 3 of
      this
      Agreement.

    

    6. Indemnification.

    

    In
      the
      event any Registrable Securities are included in a Registration Statement under
      this Agreement:

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    (a) To
      the
      fullest extent permitted by law, the Company will, and hereby does, indemnify,
      hold harmless and defend each Investor, the directors, officers, partners,
      members, employees, agents, representatives of, and each Person, if any, who
      controls any Investor within the meaning of the 1933 Act or the 1934 Act (each,
      an “Indemnified
      Person”),
      against any losses, claims, damages, liabilities, judgments, fines, penalties,
      charges, costs, reasonable attorneys' fees, amounts paid in settlement or
      expenses, joint or several (collectively, “Claims”),
      incurred in investigating, preparing or defending any action, claim, suit,
      inquiry, proceeding, investigation or appeal taken from the foregoing by or
      before any court or governmental, administrative or other regulatory agency,
      body or the SEC, whether pending or threatened, whether or not an indemnified
      party is or may be a party thereto (“Indemnified
      Damages”),
      to
      which any of them may become subject insofar as such Claims (or actions or
      proceedings, whether commenced or threatened, in respect thereof) arise out
      of
      or are based upon: (i) any untrue statement or alleged untrue statement of
      a
      material fact in a Registration Statement or any post-effective amendment
      thereto or in any filing made in connection with the qualification of the
      offering under the securities or other “blue sky” laws of any jurisdiction in
      which Registrable Securities are offered (“Blue
      Sky Filing”),
      or
      the omission or alleged omission to state a material fact required to be stated
      therein or necessary to make the statements therein not misleading, (ii) any
      untrue statement or alleged untrue statement of a material fact contained in
      any
      preliminary prospectus if used prior to the effective date of such Registration
      Statement, or contained in the final prospectus (as amended or supplemented,
      if
      the Company files any amendment thereof or supplement thereto with the SEC)
      or
      the omission or alleged omission to state therein any material fact necessary
      to
      make the statements made therein, in the light of the circumstances under which
      the statements therein were made, not misleading, (iii) any violation or alleged
      violation by the Company of the 1933 Act, the 1934 Act, any other law,
      including, without limitation, any state securities law, or any rule or
      regulation thereunder relating to the offer or sale of the Registrable
      Securities pursuant to a Registration Statement or (iv) any violation of this
      Agreement (the matters in the foregoing clauses (i) through (iv) being,
      collectively, “Violations”)
      provided the Indemnified Claims do not exceed, with respect to each Investor,
      the net proceeds of sale of the relevant Registrable Securities in that
      Registration Statement. Subject to Section 6(c), the Company shall reimburse
      the
      Indemnified Persons, promptly as such expenses are incurred and are due and
      payable, for any legal fees or other reasonable expenses incurred by them in
      connection with investigating or defending any such Claim. Notwithstanding
      anything to the contrary contained herein, the indemnification agreement
      contained in this Section 6(a): (i) shall not apply to a Claim by an Indemnified
      Person arising out of or based upon a Violation which occurs in reliance upon
      and in conformity with information furnished in writing to the Company by such
      Indemnified Person for such Indemnified Person expressly for use in connection
      with the preparation of the Registration Statement or any such amendment thereof
      or supplement thereto, if such prospectus was timely made available by the
      Company pursuant to Section 3(d); and (ii) shall not apply to amounts paid
      in
      settlement of any Claim if such settlement is effected without the prior written
      consent of the Company, which consent shall not be unreasonably withheld or
      delayed. Such indemnity shall remain in full force and effect regardless of
      any
      investigation made by or on behalf of the Indemnified Person and shall survive
      the transfer of the Registrable Securities by the Investors pursuant to Section
      9.

    

    (b) In
      connection with any Registration Statement in which an Investor is
      participating, each such Investor agrees to severally and not jointly indemnify,
      hold harmless and defend, to the same extent and in the same manner as is set
      forth in Section 6(a), the Company, each of its directors, officers, partners,
      members, employees, agents, representatives of, and each Person, if any, who
      controls the Company within the meaning of the 1933 Act or the 1934 Act (each,
      an “Indemnified
      Party”),
      against any Claim or Indemnified Damages to which any of them may become
      subject, under the 1933 Act, the 1934 Act or otherwise, insofar as such Claim
      or
      Indemnified Damages arise out of or are based upon any Violation, in each case
      to the extent, and only to the extent, that such Violation occurs in reliance
      upon and in conformity with written information furnished to the Company by
      such
      Investor expressly for use in connection with such Registration Statement;
      and,
      subject to Section 6(c), such Investor will reimburse any legal or other
      expenses reasonably incurred by an Indemnified Party in connection with
      investigating or defending any such Claim; provided, however, that the indemnity
      agreement contained in this Section 6(b) and the agreement with respect to
      contribution contained in Section 7 shall not apply to amounts paid in
      settlement of any Claim if such settlement is effected without the prior written
      consent of such Investor, which consent shall not be unreasonably withheld
      or
      delayed; provided, further, however, that an Investor shall be liable under
      this
      Section 6(b) for only that amount of a Claim or Indemnified Damages as does
      not
      exceed the net proceeds to such Investor as a result of the sale of Registrable
      Securities pursuant to such Registration Statement. Such indemnity shall remain
      in full force and effect regardless of any investigation made by or on behalf
      of
      such Indemnified Party and shall survive the transfer of the Registrable
      Securities by the Investors pursuant to Section 9. Notwithstanding anything
      to
      the contrary contained herein, the indemnification agreement contained in this
      Section 6(b) with respect to any preliminary prospectus shall not inure to
      the
      benefit of any Indemnified Party if the untrue statement or omission of material
      fact contained in the preliminary prospectus was corrected on a timely basis
      in
      the prospectus, as then amended or supplemented.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    (c) Promptly
      after receipt by an Indemnified Person or Indemnified Party under this Section
      6
      of notice of the commencement of any action or proceeding (including any
      governmental action or proceeding) involving a Claim, such Indemnified Person
      or
      Indemnified Party shall, if a Claim in respect thereof is to be made against
      any
      indemnifying party under this Section 6, deliver to the indemnifying party
      a
      written notice of the commencement thereof, and the indemnifying party shall
      have the right to participate in, and, to the extent the indemnifying party
      so
      desires, jointly with any other indemnifying party similarly noticed, to assume
      control of the defense thereof with counsel mutually satisfactory to the
      indemnifying party and the Indemnified Person or the Indemnified Party, as
      the
      case may be; provided, however, that an Indemnified Person or Indemnified Party
      shall have the right to retain its own counsel with the fees and expenses of
      not
      more than one counsel for such Indemnified Person or Indemnified Party to be
      paid by the indemnifying party, if, in the reasonable opinion of the Indemnified
      Person or the Indemnified Party, as the case may be, the representation by
      such
      counsel of the Indemnified Person or Indemnified Party and the indemnifying
      party would be inappropriate due to actual or potential differing interests
      between such Indemnified Person or Indemnified Party and any other party
      represented by such counsel in such proceeding. In the case of an Indemnified
      Person, legal counsel referred to in the immediately preceding sentence shall
      be
      selected by the Investors holding at least a majority in interest of the
      Registrable Securities included in the Registration Statement to which the
      Claim
      relates. The Indemnified Party or Indemnified Person shall cooperate fully
      with
      the indemnifying party in connection with any negotiation or defense of any
      such
      action or Claim by the indemnifying party and shall furnish to the indemnifying
      party all information reasonably available to the Indemnified Party or
      Indemnified Person which relates to such action or Claim. The indemnifying
      party
      shall keep the Indemnified Party or Indemnified Person fully apprised at all
      times as to the status of the defense or any settlement negotiations with
      respect thereto. No indemnifying party shall be liable for any settlement of
      any
      action, claim or proceeding effected without its prior written consent,
      provided, however, that the indemnifying party shall not unreasonably withhold,
      delay or condition its consent. No indemnifying party shall, without the prior
      written consent of the Indemnified Party or Indemnified Person, consent to
      entry
      of any judgment or enter into any settlement or other compromise which does
      not
      include as an unconditional term thereof the giving by the claimant or plaintiff
      to such Indemnified Party or Indemnified Person of a release from all liability
      in respect to such Claim or litigation and such settlement shall not include
      any
      admission as to fault on the part of the Indemnified Party or Indemnified
      Person. Following indemnification as provided for hereunder, the indemnifying
      party shall be subrogated to all rights of the Indemnified Party or Indemnified
      Person with respect to all third parties, firms or corporations relating to
      the
      matter for which indemnification has been made. The failure to deliver written
      notice to the indemnifying party within a reasonable time of the commencement
      of
      any such action shall not relieve such indemnifying party of any liability
      to
      the Indemnified Person or Indemnified Party under this Section 6, except to
      the
      extent that the indemnifying party is prejudiced in its ability to defend such
      action.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    (d) The
      indemnification required by this Section 6 shall be made by periodic payments
      of
      the amount thereof during the course of the investigation or defense, as and
      when bills are received or Indemnified Damages are incurred.

    

    (e) The
      indemnity agreements contained herein shall be in addition to (i) any cause
      of
      action or similar right of the Indemnified Party or Indemnified Person against
      the indemnifying party or others, and (ii) any liabilities the indemnifying
      party may be subject to pursuant to the law.

    

    7. Contribution.

    

    To
      the
      extent any indemnification by an indemnifying party is prohibited or limited
      by
      law, the indemnifying party agrees to make the maximum contribution with respect
      to any amounts for which it would otherwise be liable under Section 6 to the
      fullest extent permitted by law; provided, however, that: (i) no Person involved
      in the sale of Registrable Securities which Person is guilty of fraudulent
      misrepresentation (within the meaning of Section 11(f) of the 1933 Act) in
      connection with such sale shall be entitled to contribution from any Person
      involved in such sale of Registrable Securities who was not guilty of fraudulent
      misrepresentation; and (ii) contribution by any seller of Registrable Securities
      shall be limited in amount to the net amount of proceeds received by such seller
      from the sale of such Registrable Securities pursuant to such Registration
      Statement.

    

    8. Reports
      Under the 1934 Act.
      

    

    With
      a
      view to making available to the Investors the benefits of Rule 144 promulgated
      under the 1933 Act or any other similar rule or regulation of the SEC that
      may
      at any time permit the Investors to sell securities of the Company to the public
      without registration (“Rule
      144”),
      the
      Company agrees to:

    

    (a) make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144;

    

    (b) file
      with
      the SEC in a timely manner all reports and other documents required of the
      Company under the 1933 Act and the 1934 Act so long as the Company remains
      subject to such requirements and the filing of such reports and other documents
      is required for the applicable provisions of Rule 144; and

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    (c) furnish
      to each Investor so long as such Investor owns Registrable Securities, promptly
      upon request, (i) a written statement by the Company, if true, that it has
      complied with the reporting requirements of Rule 144, the 1933 Act and the
      1934
      Act, (ii) a copy of the most recent annual or quarterly report of the Company
      and such other reports and documents so filed by the Company, and (iii) such
      other information as may be reasonably requested to permit the Investors to
      sell
      such securities pursuant to Rule 144 without registration.

    

    9. Assignment
      of Registration Rights.
      

    

    The
      rights under this Agreement shall be automatically assignable by the Investors
      to any transferee of all or any portion of such Investor's Registrable
      Securities if: (i) the Investor agrees in writing with the transferee or
      assignee to assign such rights, and a copy of such agreement is furnished to
      the
      Company within a reasonable time after such assignment; (ii) the Company is,
      within a reasonable time after such transfer or assignment, furnished with
      written notice of (a) the name and address of such transferee or assignee,
      and
      (b) the securities with respect to which such registration rights are being
      transferred or assigned; (iii) immediately following such transfer or assignment
      the further disposition of such securities by the transferee or assignee is
      restricted under the 1933 Act and applicable state securities laws; (iv) at
      or
      before the time the Company receives the written notice contemplated by clause
      (ii) of this sentence the transferee or assignee agrees in writing with the
      Company to be bound by all of the provisions contained herein; and (v) such
      transfer shall have been made in accordance with the applicable requirements
      of
      the Securities Purchase Agreement.

    

    10. Amendment
      of Registration Rights.

    

    Provisions
      of this Agreement may be amended and the observance thereof may be waived
      (either generally or in a particular instance and either retroactively or
      prospectively), only with the written consent of the Company and the Required
      Holders. Any amendment or waiver effected in accordance with this Section 10
      shall be binding upon each Investor and the Company. No such amendment shall
      be
      effective to the extent that it applies to less than all of the holders of
      the
      Registrable Securities. No consideration shall be offered or paid to any Person
      to amend or consent to a waiver or modification of any provision of this
      Agreement unless the same consideration also is offered to all of the parties
      to
      this Agreement.

    

    11. Currency.
      Unless
      otherwise indicated, all dollar amounts referred to in this Agreement are in
      United States Dollars. All amounts owing under this Agreement or any Transaction
      Document (as defined in the Securities Purchase Agreement) shall be paid in
      US
      dollars. All amounts denominated in other currencies shall be converted in
      the
      US dollar equivalent amount in accordance with the Exchange Rate on the date
      of
      calculation. “Exchange
      Rate”
means,
      in relation to any amount of currency to be converted into US dollars pursuant
      to this Agreement, the US dollar exchange rate as published in the Wall Street
      Journal on the relevant date of calculation.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    12. Judgment
      Currency.

    

    a) If
      for
      the purpose of obtaining or enforcing judgment against the Company in any court
      in any jurisdiction it becomes necessary to convert into any other currency
      (such other currency being hereinafter in this Section 12 referred to as the
      “Judgment
      Currency”)
      an
      amount due in US dollars under this Agreement, the conversion shall be made
      at
      the Exchange Rate prevailing on the Business Day immediately
      preceding:

    

    i) the
      date
      of actual payment of the amount due, in the case of any proceeding in the courts
      of New York or in the courts of any other jurisdiction that will give effect
      to
      such conversion being made on such date: or 

    

    ii) the
      date
      on which the foreign court determines payment should be made, in the case of
      any
      proceeding in the courts of any other jurisdiction (the date as of which such
      conversion is made pursuant to this Section being hereinafter referred to as
      the
“Judgment
      Conversion Date”).

    

    b) If
      in the
      case of any proceeding in the court of any jurisdiction referred to in Section
      12(a)(ii) above, there is a change in the Exchange Rate prevailing between
      the
      Judgment Conversion Date and the date of actual payment of the amount due,
      the
      applicable party shall pay such adjusted amount as may be necessary to ensure
      that the amount paid in the Judgment Currency, when converted at the Exchange
      Rate prevailing on the date of payment, will produce the amount of US dollars
      which could have been purchased with the amount of Judgment Currency stipulated
      in the judgment or judicial order at the Exchange Rate prevailing on the
      Judgment Conversion Date.

    

    c) Any
      amount due from the Company under this provision shall be due as a separate
      debt
      and shall not be affected by judgment being obtained for any other amounts
      due
      under or in respect of this Agreement.

    

    13. Miscellaneous.

    

    (a) A
      Person
      is deemed to be a holder of Registrable Securities whenever such Person owns
      or
      is deemed to own of record such Registrable Securities. If the Company receives
      conflicting instructions, notices or elections from two or more Persons with
      respect to the same Registrable Securities, the Company shall act upon the
      basis
      of instructions, notice or election received from the record owner of such
      Registrable Securities.

     

    (b) Any
      notices, consents, waivers or other communications required or permitted to
      be
      given under the terms of this Agreement must be in writing and will be deemed
      to
      have been delivered: (i) upon receipt, when delivered personally; (ii) upon
      receipt, when sent by facsimile (provided confirmation of transmission is
      mechanically or electronically generated and kept on file by the sending party);
      or (iii) one Business Day after deposit with a nationally recognized overnight
      delivery service, in each case properly addressed to the party to receive the
      same. The addresses and facsimile numbers for such communications shall
      be:

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    

      
        	 	
                If
                  to Company:

              
	 	 
	 	
                Universal
                  Travel Group

              
	 	
                Attention:

              	
                Ms.
                  Jiangping Jiang 

              
	 	
                Address:
                  

              	
                3/F
                  Hualian Building, No. 2008 Shennan Road, 

              
	 	 	
                Central
                  Futian District, 

              
	 	
                City
                  & State:

              	
                Shenzhen,
                  The People’s Republic of China

              
	 	
                Telephone:

              	
                86-755-83668559

              
	 	
                Fax:

              	
                86-755-83668556

              
	 	
                Email:

              	
                01@cnutg.cn

              
	 	 
	 	
                With
                  a copy (which will not constitute notice) to:

              
	 	 
	 	
                Sichenzia
                  Ross Friedman Ference LLP

              
	 	
                Attention:

              	
                Benjamin
                  Tan, Esq.

              
	 	
                Telephone:

              	
                (212)
                  930 9700

              
	 	
                Fax:

              	
                (212)
                  930 9725

              
	 	
                Email:

              	
                btan@srff.com

              
	 	 
	 	
                If
                  to Legal Counsel:

              
	 	 
	 	
                Secore
                  & Waller, L.L.P.

              
	 	
                Attention:

              	
                Joan
                  Conway Waller

              
	 	
                Address:

              	
                12222
                  Merit Drive, Suite 1350

              
	 	 	
                Dallas,
                  Texas 75251

              
	 	
                Telephone:

              	
                (972)
                  776-0200

              
	 	
                Fax:

              	
                (972)
                  776-0240

              
	 	
                Email:

              	
                jo@secorewaller.com,

              

      

    

     

    If
      to a
      Buyer, to its address and facsimile number set forth on the Schedule of Buyers
      attached hereto, with copies to such Buyer's representatives as set forth on
      the
      Schedule of Buyers, or to such other address and/or facsimile number and/or
      to
      the attention of such other Person as the recipient party has specified by
      written notice given to each other party five (5) days prior to the
      effectiveness of such change. Written confirmation of receipt (A) given by
      the
      recipient of such notice, consent, waiver or other communication, (B)
      mechanically or electronically generated by the sender's facsimile machine
      containing the time, date, recipient facsimile number and an image of the first
      page of such transmission or (C) provided by a courier or overnight courier
      service shall be rebuttable evidence of personal service, receipt by facsimile
      or receipt from a nationally recognized overnight delivery service in accordance
      with clause (i), (ii) or (iii) above, respectively.

    

    (c) Failure
      of any party to exercise any right or remedy under this Agreement or otherwise,
      or delay by a party in exercising such right or remedy, shall not operate as
      a
      waiver thereof.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    (d) All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be governed by the internal laws of the State of New
      York, without giving effect to any choice of law or conflict of law provision
      or
      rule (whether of the State of New York or any other jurisdictions) that would
      cause the application of the laws of any jurisdictions other than the State
      of
      New York. Each party hereby irrevocably submits to the exclusive jurisdiction
      of
      the state and federal courts sitting in The City of New York, Borough of
      Manhattan, for the adjudication of any dispute hereunder or in connection
      herewith or with any transaction contemplated hereby or discussed herein, and
      hereby irrevocably waives, and agrees not to assert in any suit, action or
      proceeding, any claim that it is not personally subject to the jurisdiction
      of
      any such court, that such suit, action or proceeding is brought in an
      inconvenient forum or that the venue of such suit, action or proceeding is
      improper. Each party hereby irrevocably waives personal service of process
      and
      consents to process being served in any such suit, action or proceeding by
      mailing a copy thereof to such party at the address for such notices to it
      under
      this Agreement and agrees that such service shall constitute good and sufficient
      service of process and notice thereof. Nothing contained herein shall be deemed
      to limit in any way any right to serve process in any manner permitted by law.
      If any provision of this Agreement shall be invalid or unenforceable in any
      jurisdiction, such invalidity or unenforceability shall not affect the validity
      or enforceability of the remainder of this Agreement in that jurisdiction or
      the
      validity or enforceability of any provision of this Agreement in any other
      jurisdiction. The Company hereby appoints Sichenzia Ross Friedman Ference LLP
      with offices at 61 Broadway, 32nd
      Floor,
      New York, NY 10006, as its agent for service of process in New York.
EACH
      PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO
      REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN
      CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION
      CONTEMPLATED HEREBY.

    

    (e) This
      Agreement, the other Transaction Documents and the instruments referenced herein
      and therein constitute the entire agreement among the parties hereto with
      respect to the subject matter hereof and thereof. There are no restrictions,
      promises, warranties or undertakings, other than those set forth or referred
      to
      herein and therein. This Agreement, the other Transaction Documents and the
      instruments referenced herein and therein supersede all prior agreements and
      understandings among the parties hereto with respect to the subject matter
      hereof and thereof.

    

    (f) Subject
      to the requirements of Section 9, this Agreement shall inure to the benefit
      of
      and be binding upon the permitted successors and assigns of each of the parties
      hereto.

    

    (g) The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning hereof.

    

    (h) This
      Agreement may be executed in identical counterparts, each of which shall be
      deemed an original but all of which shall constitute one and the same agreement.
      This Agreement, once executed by a party, may be delivered to the other party
      hereto by facsimile transmission of a copy of this Agreement bearing the
      signature of the party so delivering this Agreement.

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    (i) Each
      party shall do and perform, or cause to be done and performed, all such further
      acts and things, and shall execute and deliver all such other agreements,
      certificates, instruments and documents, as any other party may reasonably
      request in order to carry out the intent and accomplish the purposes of this
      Agreement and the consummation of the transactions contemplated
      hereby.

    

    (j) All
      consents and other determinations required to be made by the Investors pursuant
      to this Agreement shall be made, unless otherwise specified in this Agreement,
      by the Required Holders, determined as if all of the Warrants held by Investors
      then outstanding have been exercised for Registrable Securities without regard
      to any limitations on exercise of the Warrants. 

    

    (k) The
      language used in this Agreement will be deemed to be the language chosen by
      the
      parties to express their mutual intent and no rules of strict construction
      will
      be applied against any party. 

    

    (l) This
      Agreement is intended for the benefit of the parties hereto and their respective
      permitted successors and assigns, and is not for the benefit of, nor may any
      provision hereof be enforced by, any other Person.

    

    (m) The
      obligations of each Buyer hereunder are several and not joint with the
      obligations of any other Buyer, and no provision of this Agreement is intended
      to confer any obligations on any Buyer vis-à-vis any other Buyer. Nothing
      contained herein, and no action taken by any Buyer pursuant hereto, shall be
      deemed to constitute the Buyers as a partnership, an association, a joint
      venture or any other kind of entity, or create a presumption that the Buyers
      are
      in any way acting in concert or as a group with respect to such obligations
      or
      the transactions contemplated herein.

     

    *
      * * * *
      *

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      each
      Buyer and the Company have caused their respective signature page to this
      Registration Rights Agreement to be duly executed as of the date first written
      above.

    

    
      	 	
              COMPANY:

            
	 	 
	 	
              UNIVERSAL
                TRAVEL GROUP

            
	 	 
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            	
              Jiangping
                Jiang

            
	 	 	
              Title:

            	
              Chief
                Executive Officer

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      each
      Buyer and the Company have caused their respective signature page to this
      Registration Rights Agreement to be duly executed as of the date first written
      above.

    
      

      
        	 	
                BUYER:

              
	 	 
	 	 
	 	
                ACCESS
                  AMERICA FUND, LP

              
	 	 
	 	 
	 	
                By:

              	 	 
	 	 	
                Name:

              
	 	 	
                Title:

              
	 	 	 
	 	 	 
	 	
                BUYER:

              
	 	 	 
	 	 	 
	 	
                CHINAMERICA
                  FUND LP

              
	 	 	 
	 	 	 
	 	
                By:

              	 	 
	 	 	
                Name:

              
	 	 	
                Title:

              
	 	 	 
	 	
                BUYER:

              
	 	 	 
	 	 	 
	 	
                POPE
                  INVESTMENT II LLC

              
	 	 	 
	 	 	 
	 	
                By:

              	 	 
	 	 	
                Name:

              
	 	 	
                Title:

              

      

       

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

       

      
        	 	
                BUYER:

              
	 	 	 
	 	 	 
	 	
                HELLER
                  CAPITAL INVESTMENTS, LLC

              
	 	 	 
	 	 	 
	 	
                By:

              	 	 
	 	 	
                Name:

              
	 	 	
                Title:

              
	 	 	 
	 	 	 
	 	
                BUYER:

              
	 	 	 
	 	 	 
	 	
                CGM
                  as C/F RONALD I. HELLER IRA

              
	 	 	 
	 	 	 
	 	
                By:

              	 	 
	 	 	
                Name:

              
	 	 	
                Title:

              
	 	 	 
	 	 	 
	 	
                BUYER:

              
	 	 	 
	 	 	 
	 	
                INVESTMENT
                  HUNTER, LLC

              
	 	 	 
	 	 	 
	 	
                By:

              	 	 
	 	 	
                Name:

              
	 	 	
                Title:

              

      

       

      
        
          
          

        

        
          24

          
            

          

        

        
          
          

        

      

       

      
        	 	
                BUYER:

              
	 	 	 
	 	 	 
	 	
                MARED
                  INVESTMENTS

              
	 	 	 
	 	 	 
	 	
                By:

              	 	 
	 	 	
                Name:

              
	 	 	
                Title:

              
	 	 	 
	 	 	 
	 	
                BUYER:

              
	 	 	 
	 	 	 
	 	
                HIGH
                  CAPITAL FUNDING, LLC

              
	 	 	 
	 	 	 
	 	
                By:

              	 	 
	 	 	
                Name:

              
	 	 	
                Title:

              
	 	 	 
	 	 	 
	 	
                BUYER:

              
	 	 	 
	 	 	 
	 	
                MERRILL
                  LYNCH, PIERCE, FENNER & 

                SMITH,
                  FBO BEAU L. JOHNSON

              
	 	 	 
	 	 	 
	 	
                By:

              	 	 
	 	 	
                Name:

              
	 	 	
                Title:

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      
        SCHEDULE
          OF BUYERS

        

        

          
            	
                    Buyer

                  	 	
                    Address and Facsimile

                    Number

                  	 	
                    Number of Common
                      Shares

                  	 	
                    Number of Warrant
                      Shares

                  	 	
                    Purchase Price

                  	 	
                    Legal Representative’s

                    Address and Facsimile

                    Number

                  	 
	
                    Access
                      America Fund, LP

                     

                  	 	 
                    	
                    
                    

                    1800
                      West Loop South, Suite 485, Houston, TX 77027

                    Fax:

                  	 	 	
                    
                    

                    645,161

                  	 	 	
                    
                    

                    322,581

                  	 
                    	
                    
                    

                    $

                  	
                    
                    

                    1,000,000

                  	 	 	
                    Access
                      America Fund, LP

                    1800
                      West Loop South, Suite 485, Houston, TX 77027

                    Fax:

                  	 
	
                    Chinamerica
                      Fund LP

                  	 	 	
                    
                    

                    2909
                      At. Andrews Drive, Richardson, TX 75082

                    Fax:

                  	 	 	
                    
                    

                    645,161

                  	 	 	
                    
                    

                    322,581

                  	 
                    	
                    
                    

                    $

                  	
                    
                    

                    1,000,000

                  	 	 	
                    Access
                      America Fund, LP

                    1800
                      West Loop South, Suite 485, Houston, TX 77027

                    Fax:

                  	 
	
                    Pope
                      Investments II LLC

                  	 	 	
                    
                    

                    5100
                      Poplar Avenue, Suite 805, Memphis, TN 38137

                    Fax:
                      

                  	 
                     	 
                    	
                    
                    

                    1,935,484

                  	 
                     	  	
                    
                    

                    967,742

                  	 
                     	
                    
                    

                    $

                  	
                    
                    

                    3,000,000

                  	 
                    	 	
                    Access
                      America Fund, LP

                    1800
                      West Loop South, Suite 485, Houston, TX 77027

                    Fax:

                  	 
	
                    Heller
                      Capital Investments, LLC

                  	 	 	
                    
                    

                    700
                      E. Palisade Avenue, Englewood Cliffs, NJ 07632

                    Fax:

                  	 	 	
                    
                    

                    350,000

                  	 	 	
                    
                    

                    175,000

                  	 	
                    
                    

                    $

                  	
                    
                    

                    542,500

                  	 	 	
                    Access
                      America Fund, LP

                    1800
                      West Loop South, Suite 485, Houston, TX 77027

                    Fax:

                  	 
	
                    CGM
                      as C/F Ronald I. Heller IRA

                  	 	 	
                    
                    

                    700
                      E. Palisade Avenue, Englewood Cliffs, NJ 07632

                    Fax:

                  	 	 	
                    
                    

                    150,000

                  	 	 	
                    
                    

                    75,000

                  	 	
                    
                    

                    $

                  	
                    
                    

                    232,500

                  	 	 	
                    Access
                      America Fund, LP

                    1800
                      West Loop South, Suite 485, Houston, TX 77027

                    Fax:

                  	 
	
                    Investment
                      Hunter, LLC

                  	 	 	
                    
                    

                    1048
                      Texan Trail, Grapevine, TX 76051

                    Fax:

                  	 	 	
                    
                    

                    645,161

                  	 	 	
                    
                    

                    322,581

                  	 	
                    
                    

                    $

                  	
                    
                    

                    1,000,000

                  	 	 	
                    Access
                      America Fund, LP

                    1800
                      West Loop South, Suite 485, Houston, TX 77027

                    Fax:

                  	 
	
                    MARed
                      Investments

                  	 	 	
                    29719
                      High Eschelon, Fair Oaks Ranch, TX 78015

                    Fax:

                  	 	 	
                    129,032

                  	 	 	
                    64,516

                  	 	
                    $

                  	
                    200,000

                  	 	 	
                    Access
                      America Fund, LP

                    1800
                      West Loop South, Suite 485, Houston, TX 77027

                    Fax: 

                  	 
	
                    High
                      Capital Funding. LLC

                  	 	 	
                    333
                      Sandy Springs Circle, Suite 230, Atlanta, GA 30328

                    Fax: 

                  	 	 	
                    75,806

                  	 	 	
                    37,903

                  	 	
                    $
 	
                    117,500

                  	 	 	
                    Access
                      America Fund, LP

                    1800
                      West Loop South, Suite 485, Houston, TX 77027

                    Fax: 

                  	 
	
                    Merrill
                      Lynch, Pierce, Fenner & Smith, FBO Beau L. Johnson

                  	 	 	
                    150
                      Fauyetteville St., Suite 2000, Raleigh, NC 27601-2919

                    Fax: 

                  	 	 	
                    12,903

                  	 	 	
                    6,452

                  	 	
                    $
 	
                    20,000

                  	 	 	
                    Access
                      America Fund, LP

                    1800
                      West Loop South, Suite 485, Houston, TX 77027

                    Fax: 

                  	 
	
                    TOTAL

                  	 	 	 	 	 	
                    4,588,708

                  	 	 	
                    2,294,356

                  	 	
                    $ 

                  	
                    7,112,500

                  	 	 	 	 

          

           

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    FORM
      OF NOTICE OF EFFECTIVENESS

    OF
      REGISTRATION STATEMENT

    

    American
      Stock Transfer and Trust Co.

    6201
      15th
      Avenue

    Brooklyn,
      NY 11219

    Attention:
      Mr Wilbert Myles

    

    Re: UNIVERSAL
      TRAVEL GROUP

    

    Ladies
      and Gentlemen:

    

    [We
      are][I am] counsel to UNIVERSAL TRAVEL GROUP,
      a
      Nevada corporation (the “Company”),
      and
      have represented the Company in connection with that certain Securities Purchase
      Agreement, dated as of August [·],
      2008
      (the
“Securities Purchase
      Agreement”),
      entered into by and among the Company and the buyers named therein (such buyers
      and their transferees, provided such transfer is in accordance with Section
      9 of
      the Registration Rights Agreement (defined below), are collectively referred
      to
      as the “Holders”)
      pursuant to which the Company issued to the Holders its shares of the Company's
      Common Stock, par value $0.001 per share (the “Common
      Stock”)
      and
      warrants exercisable for shares of Common Stock (the “Warrants”).
      Pursuant to the Securities Purchase Agreement, the Company also has entered
      into
      a Registration Rights Agreement with the Holders (the “Registration
      Rights Agreement”)
      pursuant to which the Company agreed, among other things, to register the resale
      of the Registrable Securities (as defined in the Registration Rights Agreement),
      including the shares of Common Stock issuable upon exercise of the Warrants
      under the Securities Act of 1933, as amended (the “1933
      Act”).
      In
      connection with the Company's obligations under the Registration Rights
      Agreement, on [·],
      2008
      the Company filed a Registration Statement on Form S-1 (File No.
      333-[·])
      (the
“Registration
      Statement”)
      with
      the Securities and Exchange Commission (the “SEC”)
      relating to the Registrable Securities which names each of the Holders as a
      selling stockholder thereunder. 

    

    In
      connection with the foregoing, [we][I] advise you that a member of the SEC's
      staff has advised [us][me] by telephone that the SEC has
      entered an order declaring the Registration Statement effective under the 1933
      Act at [ENTER
      TIME OF EFFECTIVENESS]
      on
[ENTER
      DATE OF EFFECTIVENESS]
      and we
      have no knowledge, after telephonic inquiry of a member of the SEC's staff,
      that
      any stop order suspending its effectiveness has been issued or that any
      proceedings for that purpose are pending before, or threatened by, the SEC
      and
      the Registrable Securities are available for resale under the 1933 Act pursuant
      to the Registration Statement.

    

    This
      letter shall serve as our standing instruction to you that the shares of Common
      Stock are freely transferable by the Holders pursuant to the Registration
      Statement. You need not require further letters from us to effect any future
      legend-free issuance or reissuance of shares of Common Stock to the Holders
      as
      contemplated by the Company's Irrevocable Transfer Agent Instructions dated
      [·],
      2008.
      

    

      
        	 	
                Very
                  truly yours,

              
	 	 
	 	
                [ISSUER'S
                  COUNSEL]

              
	 	 
	 	 
	 	
                By:_____________________

              

      

    CC: [LIST
      NAMES OF HOLDERS]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEX
      I

    SELLING
      STOCKHOLDERS

    

    The
      shares of common stock being offered by the selling stockholders are those
      previously issued to the Selling Stockholders and those issuable to the Selling
      Stockholders upon exercise of the warrants. For additional information regarding
      the issuances of common stock and the warrants, see “Private Placement of Common
      Shares and Warrants” above. We are registering the shares of common stock in
      order to permit the selling stockholders to offer the shares for resale from
      time to time. Except for the ownership of the shares of common stock and the
      warrants, the selling stockholders have not had any material relationship with
      us within the past three years.

    

    The
      table
      below lists the selling stockholders and other information regarding the
      beneficial ownership of the shares of common stock by each of the selling
      stockholders. The second column lists the number of shares of common stock
      beneficially owned by each selling shareholder, based on its ownership of the
      shares of common stock and the warrants, as of [·],
      2008,
      assuming exercise of the warrants held by the selling stockholders on that
      date,
      without regard to any limitations on exercise.

    

    The
      third
      column lists the shares of common stock being offered by this prospectus by
      the
      selling stockholders.

    

    In
      accordance with the terms of registration rights agreements with the holders
      of
      the shares of common stock and the warrants, this prospectus generally covers
      the resale of at least the sum of (i) the number of shares of common stock
      issued and (ii) the number of shares of common stock issued and issuable upon
      exercise of the related warrants, determined as if the outstanding warrants
      were
      exercised, as applicable, in full, as of the trading day immediately preceding
      the date this registration statement was initially filed with the SEC. The
      fourth column assumes the sale of all of the shares offered by the selling
      stockholders pursuant to this prospectus.

    

    Under
      the
      terms of the warrants, a selling stockholder may not exercise the warrants,
      to
      the extent such exercise would cause such selling stockholder, together with
      its
      affiliates, to beneficially own a number of shares of common stock which would
      exceed 9.99% of our then outstanding shares of common stock following such
      exercise, excluding for purposes of such determination shares of common stock
      issuable upon exercise of the warrants which have not been exercised. The number
      of shares in the second column does not reflect this limitation. The selling
      stockholders may sell all, some or none of their shares in this offering. See
      “Plan of Distribution.”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Name of Selling Stockholder

            	 	
              Number of Shares of

              Common Stock Owned

              Prior to Offering

            	 	
              Maximum Number of Shares

              of Common Stock to be Sold

              Pursuant to this Prospectus

            	 	
              Number of Shares of

              Common Stock Owned

              After Offering

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    

     

    (1)
      [·]
      [has][share] voting and investment power over these securities. [·]
      disclaim[s] beneficial ownership over the securities held by [·].
      The
      selling stockholder acquired the securities offered for its own account in
      the
      ordinary course of business, and at the time it acquired the securities, it
      had
      no agreements, plans or understandings, directly or indirectly to distribute
      the
      securities. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    PLAN
      OF DISTRIBUTION

    

    We
      are
      registering the shares of common stock previously issued and the shares of
      common stock issuable upon exercise of the warrants to permit the resale of
      these shares of common stock by the holders of the common stock and warrants
      from time to time after the date of this prospectus. We will not receive any
      of
      the proceeds from the sale by the selling stockholders of the shares of common
      stock. We will bear all fees and expenses incident to our obligation to register
      the shares of common stock.

    

    The
      selling stockholders may sell all or a portion of the shares of common stock
      beneficially owned by them and offered hereby from time to time directly or
      through one or more underwriters, broker-dealers or agents. If the shares of
      common stock are sold through underwriters or broker-dealers, the selling
      stockholders will be responsible for underwriting discounts or commissions
      or
      agent's commissions. The shares of common stock may be sold in one or more
      transactions at fixed prices, at prevailing market prices at the time of the
      sale, at varying prices determined at the time of sale, or at negotiated prices.
      These sales may be effected in transactions, which may involve crosses or block
      transactions, 

    

    
      	
            	·	
              on
                any national securities exchange or quotation service on which the
                securities may be listed or quoted at the time of
                sale;

            

    

    

    
      	
            	·	
              in
                the over-the-counter market;

            

    

    

    
      	
            	·	
              in
                transactions otherwise than on these exchanges or systems or in the
                over-the-counter market;

            

    

     

    
      	
            	·	
              through
                the writing of options, whether such options are listed on an options
                exchange or otherwise;

            

    

    

    
      	
            	·	
              in
                ordinary brokerage transactions and transactions in which the
                broker-dealer solicits purchasers;

            

    

    

    
      	
            	·	
              in
                block trades in which the broker-dealer will attempt to sell the
                shares as
                agent but may position and resell a portion of the block as principal
                to
                facilitate the transaction;

            

    

    

    
      	
            	·	
              in
                purchases by a broker-dealer as principal and resale by the broker-dealer
                for its account;

            

    

    

    
      	
            	·	
              on
                an exchange distribution in accordance with the rules of the applicable
                exchange;

            

    

     

    
      	
            	·	
              in
                privately negotiated transactions;

            

    

    

    
      	
            	·	
              in
                short sales;

            

    

    

    
      	
            	·	
              in
                sales pursuant to Rule 144;

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	·	
              broker-dealers
                may agree with the selling securityholders to sell a specified number
                of
                such shares at a stipulated price per
                share;

            

    

    

    
      	
            	·	
              a
                combination of any such methods of sale;
                and

            

    

    

    
      	
            	·	
              any
                other method permitted pursuant to applicable
                law.

            

    

    

    
      If the
        selling stockholders effect such transactions by selling shares of common
        stock
        to or through underwriters, broker-dealers or agents, such underwriters,
        broker-dealers or agents may receive commissions in the form of discounts,
        concessions or commissions from the selling stockholders or commissions from
        purchasers of the shares of common stock for whom they may act as agent or
        to
        whom they may sell as principal (which discounts, concessions or commissions
        as
        to particular underwriters, broker-dealers or agents may be in excess of
        those
        customary in the types of transactions involved). In connection with sales
        of
        the shares of common stock or otherwise, the selling stockholders may enter
        into
        hedging transactions with broker-dealers, which may in turn engage in short
        sales of the shares of common stock in the course of hedging in positions
        they
        assume. The selling stockholders may also sell shares of common stock short
        and
        deliver shares of common stock covered by this prospectus to close out short
        positions and to return borrowed shares in connection with such short sales.
        The
        selling stockholders may also loan or pledge shares of common stock to
        broker-dealers that in turn may sell such shares.

    

    

    The
      selling stockholders may pledge or grant a security interest in some or all
      of
      the warrants or shares of common stock owned by them and, if they default in
      the
      performance of their secured obligations, the pledgees or secured parties may
      offer and sell the shares of common stock from time to time pursuant to this
      prospectus or any amendment to this prospectus under Rule 424(b)(3) or other
      applicable provision of the Securities Act of 1933, as amended, amending, if
      necessary, the list of selling stockholders to include the pledgee, transferee
      or other successors in interest as selling stockholders under this prospectus.
      The selling stockholders also may transfer and donate the shares of common
      stock
      in other circumstances in which case the transferees, donees, pledgees or other
      successors in interest will be the selling beneficial owners for purposes of
      this prospectus.

    

    The
      selling stockholders and any broker-dealer participating in the distribution
      of
      the shares of common stock may be deemed to be “underwriters” within the meaning
      of the Securities Act, and any commission paid, or any discounts or concessions
      allowed to, any such broker-dealer may be deemed to be underwriting commissions
      or discounts under the Securities Act. At the time a particular offering of
      the
      shares of common stock is made, a prospectus supplement, if required, will
      be
      distributed which will set forth the aggregate amount of shares of common stock
      being offered and the terms of the offering, including the name or names of
      any
      broker-dealers or agents, any discounts, commissions and other terms
      constituting compensation from the selling stockholders and any discounts,
      commissions or concessions allowed or reallowed or paid to
      broker-dealers.

    

    Under
      the
      securities laws of some states, the shares of common stock may be sold in such
      states only through registered or licensed brokers or dealers. In addition,
      in
      some states the shares of common stock may not be sold unless such shares have
      been registered or qualified for sale in such state or an exemption from
      registration or qualification is available and is complied with.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    There
      can
      be no assurance that any selling stockholder will sell any or all of the shares
      of common stock registered pursuant to the registration statement, of which
      this
      prospectus forms a part.

    

    The
      selling stockholders and any other person participating in such distribution
      will be subject to applicable provisions of the Securities Exchange Act of
      1934,
      as amended, and the rules and regulations thereunder, including, without
      limitation, Regulation M of the Exchange Act, which may limit the timing of
      purchases and sales of any of the shares of common stock by the selling
      stockholders and any other participating person. Regulation M may also restrict
      the ability of any person engaged in the distribution of the shares of common
      stock to engage in market-making activities with respect to the shares of common
      stock. All of the foregoing may affect the marketability of the shares of common
      stock and the ability of any person or entity to engage in market-making
      activities with respect to the shares of common stock.

    

    We
      will
      pay all expenses of the registration of the shares of common stock pursuant
      to
      the registration rights agreement, estimated to be $[·]
      in
      total, including, without limitation, Securities and Exchange Commission filing
      fees and expenses of compliance with state securities or “blue sky” laws;
      provided, however, that a selling stockholder will pay all underwriting
      discounts and selling commissions, if any. We will indemnify the selling
      stockholders against liabilities, including some liabilities under the
      Securities Act, in accordance with the registration rights agreements, or the
      selling stockholders will be entitled to contribution. We may be indemnified
      by
      the selling stockholders against civil liabilities, including liabilities under
      the Securities Act, that may arise from any written information furnished to
      us
      by the selling stockholder specifically for use in this prospectus, in
      accordance with the related registration rights agreements, or we may be
      entitled to contribution.

    

    Once
      sold
      under the registration statement, of which this prospectus forms a part, the
      shares of common stock will be freely tradable in the hands of persons other
      than our affiliates.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]