Document:

THIS
amended and restated promissory NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION
OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO
THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.  

 

Amended
and Restated PROMISSORY NOTE

 

 

	Principal Amount:  $45,000	Dated as of March 31, 2012
	 	New York, New York

 

Infinity Cross Border
Acquisition Corporation, a blank check company formed as a British Virgin Islands business company with limited liability (“Maker”),
promises to pay to the order of the persons set forth on Exhibit A hereto or their registered assigns or successors in interest
(“Payees”), in the respective amounts set forth on Exhibit A
hereto, the aggregate principal sum of Forty Five Thousand Dollars ($45,000) in lawful money of the United States of America,
on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available
funds or as otherwise determined by Maker to such account as the Payees may from time to time designate by written notice in accordance
with the provisions of this Note.

 

1.          Principal.
The principal balance of this amended and restated promissory note (this “Note”) shall be payable on the
earlier of: (i) September 30, 2012 or (ii) the date on which Maker consummates an initial public offering of its securities (the
“Due Date”). The principal balance may be prepaid at any time.

 

2.           Interest.
No interest shall accrue on the unpaid principal balance of this Note.

 

3.           Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due
under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges
and finally to the reduction of the unpaid principal balance of this Note.

 

4.            Events
of Default. The following shall constitute an event of default (“Event of Default”):

 

(a)          Failure
to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business
days of the Due Date.

 

    	 

    	 

    

 

(b)          Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or
the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts
become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

 

(c)          Involuntary
Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker
in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering
the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period
of 60 consecutive days.

 

5.            Remedies.

 

(a)          Upon
the occurrence of an Event of Default specified in Section 4(a) hereof, Payees may, by written notice to Maker, declare this Note
to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable thereunder,
shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b)          Upon
the occurrence of an Event of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of this Note, and all other
sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action
on the part of Payees.

 

6.            Waivers.
Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor,
protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by
Payees under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting
any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or
sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and
Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution
issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payees.

 

7.           Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other
party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by the Payees, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted
by the Payees with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors,
or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

    	 

    	 

    

 

 

8.          Notices.
All notices, statements or other documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered
personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission
to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address
or fax number as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently
provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other
communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business
day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery
to an overnight courier service or five (5) days after mailing if sent by mail.

 

9.           Construction. THIS NOTE SHALL
BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE BRITISH VIRGIN ISLANDS, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS
THEREOF.

 

10.         Severability. Any provision
contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

11.         Trust
Waiver. Notwithstanding anything herein to the contrary, each of the Payees hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of or from the trust account in which the proceeds
of the initial public offering (the “IPO”) conducted by Maker (including the deferred underwriters discounts
and commissions) and the proceeds of the sale of the warrants issued in a private placement to occur prior to the effectiveness
of the IPO, as described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange
Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim
against the trust account for any reason whatsoever.

 

12.    Amendment; Waiver. Any amendment
hereto or waiver of any provision hereof may be made with, and only with, the written consent of Maker and the Payees. 

 

13.  
Assignment. No assignment or transfer of this Note or any rights or obligations hereunder
may be made by any party hereto (by operation of law or otherwise) without the prior written consent of the other party hereto
and any attempted assignment without the required consent shall be void.

 

    	 

    	 

    

 

14. Miscellaneous. This Note amends, restates
and supersedes in its entirety the original Promissory Note, dated April 12, 2011, between the Maker and the Payee.

 

    	 

    	 

    

 

IN WITNESS WHEREOF, Maker, intending to be legally bound hereby,
has caused this Note to be duly executed by the undersigned as of the day and year first above written.

 

	 	Infinity China Cross border
	 	Acquisition Corporation
	 	 
	 	By:	/s/ Mark Chess	 
	 	 	Name: Mark Chess	 
	 	 	Title:   Vice President	 

 

 

    	 

    	 

    

 

Exhibit A 

 

	Payee	 	Amount	 
	 	 	 	 
	Infinity I-China Fund (Cayman), L.P.	 	$	21,010	 
	 	 	 	 	 
	Infinity I-China Fund (Israel), L.P.	 	$	10,719	 
	 	 	 	 	 
	Infinity I-China Fund (Israel 2), L.P.	 	$	9,162	 
	 	 	 	 	 
	Infinity I-China Fund (Israel 3), L.P.	 	$	4,109	 
	 	 	 	 	 
	Total	 	$	45,000[ ], 2012

Infinity Cross Border Acquisition
Corporation

c/o Infinity-C.S.V.C. Management Ltd.

3 Azrieli Center (Triangle
Tower)

42nd Floor, Tel Aviv, Israel, 67023

 

Re: Initial Public Offering

 

Ladies and Gentlemen:

     

This letter (“Letter
Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting
Agreement”) to be entered into by and between Infinity Cross Border Acquisition Corporation, a British Virgin Islands
business company (the “Company”), and EarlyBirdCapital, Inc., as representative of the several underwriters
(the “Underwriters”), relating to an underwritten initial public offering (the “Offering”),
of 5,000,000 of the Company’s units (the “Units”), each comprised of one ordinary share, no par
value, of the Company (the “Ordinary Shares”), and one warrant exercisable for one Ordinary Share (each,
a “Warrant”). The Units sold in the Offering shall be quoted and listed on the Nasdaq Capital Market
pursuant to a registration statement on Form F-1 and prospectus (the “Prospectus”) filed by the Company
with the Securities and Exchange Commission (the “Commission”). Certain capitalized terms used herein
are defined in paragraph 11 hereof.

     

In order to induce
the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Offering and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Infinity I-China Fund (Cayman), L.P., Infinity
I-China Fund (Israel), L.P., Infinity I-China Fund (Israel 2), L.P., Infinity I-China Fund (Israel 3), L.P. (the “Sponsors”)
and the undersigned individuals, each of whom is a member of the Company’s management team (each, a “Manager”
and collectively, the “Managers”), hereby agree with the Company as follows:

     

1. The Sponsors
and Managers hereby agree that if the Company seeks shareholder approval of a proposed Business Combination, then in connection
with such proposed Business Combination, the Sponsors and the Managers shall vote all Founder Shares and any Ordinary Shares owned
and/or acquired by it (or them) in the Offering or the secondary public market in favor of such proposed Business Combination.
The Sponsors and Managers hereby further agree that if the Company seeks to amend its amended and restated memorandum and articles
of association, the Sponsors and Managers will have the discretion to vote in any manner they choose.

     

2. The Sponsors
and Managers hereby agree that in the event that the Company fails to consummate a Business Combination within the Applicable Period,
the Sponsors and each Manager shall take all reasonable steps to cause the Company to: (i) cease all operations except for
the purpose of winding up, (ii) as promptly as reasonably possible, but no more than five business days after the expiration
of the Applicable Period, redeem the Ordinary Shares sold as part of the Units in the Offering, at a per-share price, payable in
cash, equal to the aggregate amount then on deposit in the Trust Account, net of taxes payable (less up to $50,000 of net interest
to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely extinguish
Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject
to applicable law and (iii) cease all operations except for the purposes of any winding up of the Company’s affairs
as promptly as reasonably possible following such redemption, subject in the case of (ii) and (iii) above to the Company’s
obligations under the laws of the British Virgin Islands to provide for claims of creditors and other requirements of applicable
law.

    	1

    	 

    
     

Each of the Managers,
the Sponsors and the Company will not propose any amendment to the Company's amended and restated memorandum and articles of association
that would affect the substance or timing of the Company's obligation, as described in Regulation 23 of the amended and restated
memorandum and articles of association, to redeem the Ordinary Shares held by Public Shareholders.

 

Each of the Managers
and the Sponsors acknowledges that he, she, or it has no right, title, interest or claim of any kind in or to any monies held in
the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect to the Founder Shares.
The Sponsors and the Managers hereby further waive, with respect to any Ordinary Shares held by it or them, as the case may be,
any redemption rights any of them may have in connection with the consummation of a Business Combination, including, without limitation,
any such rights available in the context of a shareholder vote to approve such Business Combination or in the context of a tender
offer made by the Company to purchase Ordinary Shares (although the Sponsors and the Managers shall be entitled to redemption and
liquidation rights with respect to any Ordinary Shares (other than the Founder Shares) they hold if the Company fails to consummate
a Business Combination within the Applicable Period).

     

3. During the
period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, none of the Sponsors
or the Managers shall: (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase
or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate
or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended,
and the rules and regulations of the Commission promulgated thereunder, with respect to any Units, Ordinary Shares, Warrants or
any securities convertible into, or exercisable, or exchangeable for, Ordinary Shares owned by him, her or it, (ii) enter
into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
of any Units, Ordinary Shares, Warrants or any securities convertible into, or exercisable, or exchangeable for, Ordinary Shares
owned by him, her or it, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or
(iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii).

     

4. In the event
of the liquidation of the Trust Account, each of the Sponsors, jointly and severally agree (for the purposes of this paragraph
4, the Sponsors shall be referred to as the “Indemnitors”) to indemnify and hold harmless the Company
against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all legal or
other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened,
or any claim whatsoever) to which the Company may become subject as a result of any claim by (i) any third party for services
rendered or products sold to the Company or (ii) a prospective target business with which the Company has discussed entering
into a Business Combination (a “Target”); provided, however, that such indemnification of the Company
by the Indemnitors shall apply only to the extent necessary to ensure that such claims by a third party for services rendered (other
than the Company’s independent public accountants) or products sold to the Company or a Target do not reduce the amount of
funds in the Trust Account to below $8.00 per Ordinary Share sold in the Offering (the “Offering Shares”),
and provided, further, that only if such third party or Target has not executed an agreement waiving claims against
and all rights to seek access to the Trust Account whether or not such agreement is enforceable. In the event that any such executed
waiver is deemed to be unenforceable against such third party, the Indemnitors shall not be responsible for any liability as a
result of any such third party claims. Notwithstanding any of the foregoing, such indemnification of the Company by the Indemnitors
shall not apply as to any claims under the Company’s obligation to indemnify the Underwriters against certain liabilities,
including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). The Indemnitors
shall have the right to defend against any such claim with counsel of their choice reasonably satisfactory to the Company if, within
15 days following written receipt of notice of the claim to the Indemnitors, the Indemnitors notify the Company in writing
that they shall undertake such defense.

    	2

    	 

    
     

5. To the extent
that the Underwriters do not exercise their over-allotment option to purchase an additional 750,000 Ordinary Shares (as described
in the Prospectus), the Sponsors and Managers agree that they shall return to the Company for cancellation, at no cost, the number
of Founder Shares held by the Sponsors and Managers determined by multiplying 1,437,500 by a fraction, (i) the numerator of
which is 750,000 minus the number of Ordinary Shares purchased by the Underwriters upon the exercise of their over-allotment option,
and (ii) the denominator of which is 750,000. The Sponsors and Managers further agree that to the extent that: (a) the
size of the Offering is increased or decreased and (b) the Sponsors and Managers have either purchased or sold Ordinary Shares
or an adjustment to the number of Founder Shares has been effected by way of a share split, share dividend, reverse share split,
contribution back to capital or otherwise, in each case in connection with such increase or decrease in the size of the Offering,
then: (i) the references to 750,000 in the numerator and denominator of the formula in the immediately preceding sentence
shall be changed to a number equal to 15% of the number of shares included in the Units issued in the Offering and (ii) the
reference to 1,437,500 in the formula set forth in the immediately preceding sentence shall be adjusted to such number of Ordinary
Shares that the Sponsors and Managers would have to return to the Company in order to hold 20% of the Company’s issued and
outstanding Ordinary Shares after the Offering (assuming the Underwriters do not exercise their over-allotment option).

     

6. (a) In
order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, each Sponsor and Manager
agrees, until the earliest of the Company’s Business Combination or liquidation, he, she or it shall present to the Company
for its consideration, prior to presentation to any other entity, any business opportunity with a value of $32 million or
more (determined according to commercially reasonable standards), subject to any pre-existing fiduciary or contractual obligations
he, she or it might have. Nothing contained herein shall override any Manager’s fiduciary obligations to any entity with
which he, she or it is currently directly or indirectly associated or affiliated or by whom he, she or it is currently employed.

          

(b) Each Sponsor
and Manager hereby agrees and acknowledges that: (i) each of the Underwriters and the Company would be irreparably injured
in the event of a breach by such Sponsor of its obligations under paragraph 6(a), (ii) monetary damages may not be an adequate
remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other
remedy that such party may have in law or in equity, in the event of such breach.

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7. (a) Each
of the Managers and the Sponsors acknowledges and agrees that until the earliest of: (i) one year after the completion of
the Company’s initial Business Combination or (ii) the Company consummates a liquidation, merger, share exchange or
other similar transaction that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares
for cash, securities or other property following consummation of the initial Business Combination (the “Lock-Up Period”),
the undersigned shall not, except as described in the Prospectus, (A) sell, offer to sell, contract or agree to sell, hypothecate,
pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase
a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder, with respect to the Founder
Shares, (B) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any of the Founder Shares, whether any such transaction is to be settled by delivery of the Ordinary Shares or
such other securities, in cash or otherwise, or (C) publicly announce any intention to effect any transaction specified in clause
(A) or (B); provided, however, if the last sales price of the Company’s Ordinary Shares reaches or exceeds
$9.60 for any 20 trading days within any 30-trading day period during the Lock-Up Period, 50% of the Founder Shares will be released
from the lock-up and, if the last sales price of the Company’s Ordinary Shares reaches or exceeds $12.00 for any 20 trading
days within any 30-trading day period during the Lock Up Period, the remaining 50% of the Founder Shares shall be released from
the lock-up (as the same may be adjusted for share splits, share dividends, reorganizations, recapitalizations and the like).

          

(b) Until after
the completion of the Company’s initial Business Combination (the “Warrant Lock-Up Period”), each
of the undersigned shall not, except as described in the Prospectus, (i) sell, offer to sell, contract or agree to sell, hypothecate,
pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase
a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder, with respect to the Sponsors
Warrants and the respective Ordinary Shares underlying the Sponsors Warrants, (ii) enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any of the Sponsors Warrants and
the respective Ordinary Shares underlying the Sponsors Warrants, whether any such transaction is to be settled by delivery of the
Ordinary Shares or such other securities, in cash or otherwise, or (iii) publicly announce any intention to effect any transaction
specified in clause (i) or (ii).

          

(c) Notwithstanding
the provisions of paragraphs 7(a) and 7(b) herein, each of the Managers and the Sponsors may transfer the Founder Shares and/or
Sponsors Warrants and the respective Ordinary Shares underlying the Sponsors Warrants (i) to the officers or directors of
the Company, any affiliates or family members of any of the Company’s officers or directors, any of the Sponsors, or any
affiliates of the Sponsors, including any member of management of any of the Sponsors; (ii) by gift to a member of one of
the members of the Sponsor’s immediate family or to a trust, the beneficiary of which is a member of one of the members of
the Sponsor’s immediate family, an affiliate of the Sponsors; (iii) in the case of any Manager, by virtue of the laws
of descent and distribution upon death of such Manager; (iv) in the case of any Manager, pursuant to a qualified domestic
relations order; or (v) by virtue of the laws of jurisdiction of incorporation of Sponsors upon dissolution of such Sponsors;
provided, however, that these permitted transferees enter into a written agreement with the Company agreeing to be
bound by the forfeiture restrictions and transfer restrictions in paragraphs 7(a) and 7(b) herein, as the case may be.

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(d) Further, each
Manager and the Sponsors agrees that after the Lock-Up Period or the Warrant Lock-Up Period, as applicable, has elapsed, the Founder
Shares and the Sponsors Warrants and the respective Ordinary Shares underlying such Warrants, shall only be transferable or saleable
pursuant to a sale registered under the Securities Act or pursuant to an available exemption from registration under the Securities
Act. The Company, each Manager and the Sponsors each acknowledge that pursuant to that certain registration rights agreement to
be entered into among the Company, the Managers and the Sponsors, each of the Managers and the Sponsors may request that a registration
statement relating to the Founder Shares, and the Sponsors Warrants and/or the Ordinary Shares underlying the Sponsors Warrants
be filed with the Commission prior to the end of the Lock-Up Period or the Warrant Lock-Up Period, as the case may be; provided,
however, that such registration statement does not become effective prior to the end of the Lock-Up Period or the Warrant
Lock-Up Period, as applicable.

          

(e) Each Manager,
the Sponsors and the Company understands and agrees that the transfer restrictions set forth in this paragraph 7 shall supersede
any and all transfer restrictions relating to: (i) the Founder Shares set forth in that certain Securities Purchase Agreement,
effective as of April 6, 2011, by and between the Company and the Sponsors, and (ii) the Sponsors Warrants set forth in that
certain Second Amended and Restated Sponsors Warrants Purchase Agreement, effective as of May [ ], 2012, by and between the Company
and the Managers. The Company will direct each of the certificates evidencing the Founder Shares to be legended with the applicable
transfer restrictions.

 

(f) Each of the Sponsors hereby agrees to
purchase a pro-rata portion of the Warrants sold in the Offering (“ Public Warrants ”) for an aggregate
of 40% of the Public Warrants, pursuant to a 10b5-1 Plan which shall be established on the effective date of the Offering, which
purchases shall commence on the later of 61 days from the effective date of the Offering or when the Public Warrants commence separate
trading and terminate on the earlier of such maximum number of Public Warrants being purchased by the Sponsors and Company’s
announcement of an initial Business Combination. Each of the Sponsors also agrees to purchase in a tender offer which will occur
after the Company’s announcement of an initial Business Combination, the remaining Public Warrants not previously purchased
by the Sponsors or their affiliates (the “Sponsor Tender Offer”). Each of the Sponsors further agrees
not to tender any of its Public Warrants or Sponsor Warrants in the Sponsor Tender Offer. The Sponsors also agree to deposit with
Continental Stock Transfer & Trust Company (“Escrow account”) $3,450,000 (representing $0.60 per
Public Warrant for up to 100% of the Public Warrants). Up to $920,000 representing the purchase price of $0.40 per Public Warrant
(including the full exercise of the over-allotment option) shall be transferred from the Escrow account to a broker administrating
the 10b5-1 Plan to purchase Public Warrants. The balance of the funds in the Escrow account shall be used to purchase Public Warrants
in the Sponsor Tender Offer. The Escrow account will be reduced to the extent the over-allotment option is not exercised or the
Sponsors purchase any Public Warrants pursuant to the 10b5-1 plan prior to the announcement of an initial Business Combination.
Each of the Sponsors further agrees that in the event the Company is unable to consummate the initial Business Combination, Continental
Stock Transfer & Trust Company shall distribute to holder of the Public Warrants an amount of $0.60 per Public Warrant not
previously purchased by the Sponsors, as promptly as reasonably possible but no more than five business days after at a price of
$0.60 per Public Warrant.

 

8. Each Manager’s
biographical information furnished to the Company is true and accurate in all material respects and does not omit any material
information with respect to such Manager’s background. The Manager’s questionnaire furnished to the Company is true
and accurate in all material respects. Each Manager represents and warrants that: such Manager is not subject to or a respondent
in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice
relating to the offering of securities in any jurisdiction; such Manager has never been convicted of, or pleaded guilty to, any
crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining
to any dealings in any securities and such Manager is not currently a defendant in any such criminal proceeding; and neither such
Manager nor the Sponsors has ever been suspended or expelled from membership in any securities or commodities exchange or association
or had a securities or commodities license or registration denied, suspended or revoked.

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9. As disclosed in
the Prospectus, the Sponsors (or affiliates) and/or Managers shall not be entitled to receive any compensation or other cash payment
prior to, or for services rendered in order to effectuate, the consummation of the Business Combination other than: up to $400,000
that may be paid to such persons as described in the Prospectus; repayment of an aggregate of $69,940 in loans made to the Company
by the Sponsor; repayment of loans made to the Company by the Sponsors or certain of the Company’s officers or directors
to fund working capital requirements between the Offering and consummation of the Business Combination as described in the Prospectus;
payment of an aggregate of $10,000 per month for office space, secretarial and administrative services pursuant to an Administrative
Services Agreement; reimbursement for any reasonable out-of-pocket expenses related to identifying, investigating and consummating
an initial Business Combination, so long as no proceeds of the Offering held in the Trust Account may be applied to the payment
of such expenses prior to the consummation of a Business Combination, except that the Company may, for purposes of funding its
working capital requirements (including paying such expenses), receive from the Trust Account all of the interest income generated
on the Trust Account to finance transaction costs in connection with a Business Combination, provided, that, if the Company
does not consummate a Business Combination, a portion of the working capital held outside the Trust Account may be used by the
Company to repay such loaned amounts so long as no proceeds from the Trust Account are used for such repayment.

   

10. The Sponsors,
and each Manager has full right and power, without violating any agreement to which he, she or it is bound (including, without
limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Letter
Agreement and each Manager, if an officer and/or director of the Company, hereby consents to being named in the Prospectus as an
officer and/or director of the Company.  

     

11. As
used herein, (i) “Applicable Period” shall mean 18 months from the closing of the Offering (or
21 months of the closing of the Offering if a definitive agreement is executed within 18 months from the closing of the Offering
but a Business Combination has not been consummated within such period); (ii) “Business
Combination” shall mean the acquisition, share exchange, share reconstruction and amalgamation or contractual control
arrangement with, purchase of all or substantially all of the assets of, or engagement in any other similar business combination
with one or more businesses or entities; (iii) “Founder Shares” shall mean the 1,437,500
Ordinary Shares of the Company acquired by the Sponsors for an aggregate purchase price of $25,000, prior to the consummation
of the Offering; (iv) “Public Shareholders” shall mean the holders of securities issued in the Offering;
(v) “Sponsors Warrants” shall mean the Warrants to purchase up to 4,000,000 Ordinary Shares of the Company
that are acquired by the Sponsors for an aggregate purchase price of $2.0 million, or $0.50 per Warrant (or up to 4,381,818
Sponsor Warrants if the Underwriters exercise their over-allotment option in full) in a private placement that shall occur simultaneously
with the consummation of the Offering; and (vi) “Trust Account” shall mean the trust fund into which
a substantially all of the net proceeds of the Offering shall be deposited and that will be held by Continental Stock Transfer
& Trust Company, as trustee. 

    	6

    	 

    

     

12. This Letter
Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and
supersede all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent
they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed,
amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument
executed by all parties hereto.

     

13. No party hereto
may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written consent
of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsors,
each of the Managers, and each of their respective successors, heirs, personal representatives and assigns.

     

14. This Letter
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The
parties hereto agree that any action, proceeding or claim arising out of or relating in any way to this Letter Agreement shall
be resolved through final and biding arbitration in accordance with the International Arbitration Rules of the American Arbitration
Association (“AAA”). The arbitration shall be brought before the AAA International Center for Dispute Resolution’s
offices in New York City, New York, will be conducted in English and will be decided by a panel of three arbitrators selected from
the AAA Commercial Disputes Panel and that the arbitrator panel’s decision shall be final and enforceable by any court having
jurisdiction over the party from whom enforcement is sought. The cost of such arbitrators and arbitration services, together with
the prevailing party’s legal fees and expenses, shall be borne by the non-prevailing party or as otherwise directed by the
arbitrators. Each of the undersigned hereby appoints, without power of revocation, Ellenoff Grossman & Schole LLP, 150 East
42nd Street, 11th Floor, New York, New York 10017, Fax No.: (212) 370-7889, Attn: Douglas Ellenoff, Esq., as its respective agent
to accept and acknowledge on its behalf service of any and all process which may be served in any arbitration, action, proceeding
or counterclaim in any way relating to or arising out of this Agreement.

     

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

     

16. This Letter
Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Period or (ii) the liquidation of the Trust Account;
provided, however, that this Letter Agreement shall earlier terminate in the event that the Offering is not consummated
and closed by [ ], 2012, provided further that paragraph 4 of this Letter Agreement shall survive such liquidation.

    	7

    	 

    
 

17. The Sponsors are
hereby granted the right (but not the obligation) to purchase up to $10,000,000 of the Ordinary Shares in the open market, if the
Company structures the Business Combination to require a shareholder vote and the Company is no longer a foreign private issuer.
Such purchases may commence two business days after the Company files a preliminary proxy statement relating to the Business Combination
and shall end on the business day immediately preceding the record date for the meeting of shareholders at which such Business
Combination is to be approved. These purchases will be made in accordance with Rule 10b5-1 under the Exchange Act and the broker’s
purchase obligation will otherwise be subject to applicable law, including Regulation M which may prohibit purchases under certain
circumstances. The price per share at which such purchases will be made will not be more than the per-share amount held in the
trust account (less taxes payable) as reported in the preliminary proxy statement. These purchases will be made until the earlier
of the expiration of the buyback period or until the purchases reach the maximum set by the Sponsors, not to exceed $10,000,000
in total. The Sponsors will not have any discretion or influence over these purchases. Unless the Business Combination is approved
by the Public Shareholders, the Sponsors may not resell these shares. However, the Sponsors will be entitled to participate in
any liquidating distributions with respect to the Ordinary Shares purchased in the open market in the event the Company does not
consummate the Business Combination. In the event the Sponsors do not purchase the full $10,000,000 of Ordinary Shares through
open market purchases, the Sponsors shall have the right (but not the obligation) to purchase from the Company Ordinary Shares
in a private placement at a purchase price of $8.00 per share until they have spent an aggregate of $10,000,000 in the open market
purchases described above and the private placement.

 

 

If instead the Company
offers redemption under the tender offer rules in connection with the Business Combination, then the Sponsors are hereby granted
the right (but not the obligation) to purchase from the Company up to 1,250,000 Ordinary Shares in a private placement at a purchase
price of $8.00 per share, for an aggregate of $10,000,000.

 

In either case, the
definitive agreement relating to the private placement will be entered into concurrently with the definitive agreement for the
Business Combination, and the closing of the private placement purchase will occur simultaneously with the consummation of the
Business Combination. For the purposes of clarity, no commissions, fees or other compensation will be payable in connection with
the private placement.

 

[Signature page follows]

    	8

    	 

    
 

	 	 	 	 	 
	 	
        Sincerely,

        

        

        Infinity I-China Fund (Cayman), L.P.

        

         
	 
	 	By:  	 	 
	 	 	 	 
	 	
        Sincerely,

        

        

        Infinity I-China Fund (Israel), L.P.

        

         
	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 
	 	
        Sincerely,

        

        

        Infinity I-China Fund (Israel 2), L.P.

        

         
	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 
	 	
        Sincerely,

        

        

        Infinity I-China Fund (Israel 3), L.P.

        

         
	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 

 

	 	MANAGERS
	 	
         

         

        By: /s/_________________

        Amir Gal-Or

	 	
         

         

        By: /s/_________________

        Avishai Silvershatz

         

	 	
         

         

        By: /s/_________________

        Kersten Hui

 

	 	
         

         

        By: /s/_________________

        Limei Zhao

	 	
         

         

        By: /s/_________________

        Mark Chess

	 	
         

         

        By: /s/_________________

        Mark B. Segall

 

    	Letter Agreement Signature Pages

    	 

    
 

	Acknowledged and Agreed:

Infinity cross border acquisition corporation

 	 	 
	By:  	 /s/   	 	 
	 	 	 	 
	 	 	 	 

 

 

    	Letter Agreement Signature Pages

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