Document:

Exhibit
10.2

    

    Exhibit
A to Stock Purchase Agreement

    

    THE
SECURITIES REPRESENTED BY THIS WARRANT CERTIFICATE HAVE BEEN ACQUIRED FOR
INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”). THESE
SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR
AN EXEMPTION THEREFROM UNDER THE SECURITIES ACT OR UNDER STATE SECURITIES
LAWS.  THESE SECURITIES MAY NOT BE PLEDGED, SOLD, ASSIGNED,
TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO THE EXPRESS PROVISIONS
OF THIS WARRANT CERTIFICATE, AND NO SALE, ASSIGNMENT, TRANSFER, OR OTHER
DISPOSITION OF THESE SECURITIES SHALL BE VALID OR EFFECTIVE UNLESS AND UNTIL
SUCH PROVISIONS SHALL HAVE BEEN COMPLIED WITH.

    

    Date of
Issuance:  ________________

    CS CHINA
ACQUISITION CORP.1

     

    ______________Ordinary
Shares Purchase Warrants

     

    (Void
after ________)

    

    [CS China
Acquisition Corp.], a Cayman Islands corporation (the “Company”), for value
received, hereby certifies and agrees that _______________________ or its
registered assigns (the “Registered Holder”), is entitled to receive, subject to
the terms set forth below, to purchase from the Company, at any time or from
time to time on or after the date hereof but in no event after [insert date that
is 5 years from Date of Issuance stated above] at not later than 5:00 p.m. New
York time (such date and time, the “Expiration Time”), upon exercise of each
Warrant represented hereby, one (1) duly authorized, validly issued, fully paid
and nonassessable ordinary share of the Company, $.0001 par value per share (the
“Ordinary Shares”) at an exercise price equal to Six Dollars and Ten Cents
($6.10), subject to adjustment in certain cases as described herein. The shares
purchasable upon exercise of the Warrants represented by this Warrant
Certificate, and the purchase price per share, are hereinafter referred to as
the “Warrant Shares” and the “Exercise Price,” respectively.  The term
“Warrants” as used herein shall include the Warrants represented by this Warrant
Certificate and any other warrants delivered in substitution or exchange
therefor, as provided herein.  Notwithstanding the foregoing, the
Warrants may not be exercised unless the net income of the Company for its last
completed fiscal year prior to the date of exercise is at least Thirty Million
Dollars ($30,000,000), as determined in accordance with United States generally
accepted accounting principles from the financial statements of the Company for
such fiscal year included in the Company’s Annual Report on Form 20-F for such
fiscal year (the “Exercise Condition”).  A Warrant may be exercised
prior to the date that such Annual Report is filed in anticipation of the
Exercise Condition being satisfied, in which event, if the Exercise Condition is
satisfied, the Warrant Shares issuable upon such exercise shall be issued as
soon as practicable after such filing or, if the Exercise Condition is not
satisfied, such exercise shall be null, void and of no effect and any payment in
respect of the Exercise Price made by the Registered Holder shall be returned by
the Company.

     

    The
Warrants are the “Consideration Warrants” that have been issued pursuant to that
certain Stock Purchase Agreement dated September __, 2009, among the Company,
Asia Gaming & Resort, Ltd. and Spring Fortune Ltd (the “Purchase
Agreement”).

     

    
      
        
1 If
corporate name is to be changed at closing, use new name.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1.           Exercise.

     

    1.1           
Condition to
Exercise.  If, at the time of issuance of the Warrants
represented by this Warrant Certificate, the Registered Holder is an employee of
the Company or its subsidiaries, the Warrants may not be exercised unless, at
the time of exercise, the Registered Holder continues to be an employee of the
Company or its subsidiaries.  The foregoing condition shall not apply
to a Registered Holder who is an advisor, but not an employee, of the Company or
its subsidiaries at the time of issuance of the Warrants.  In the
event of the death of a Registered Holder who is an employee of the Company or
its subsidiaries, the Warrants may be exercised by the estate of the deceased
Registered Holder no later than six (6) months after an executor or other
representative has been appointed with respect to such estate, but in no event
later than the Exercise Time, in which event such representative shall submit to
the Company, together with a Notice of Exercise in the form of Annex A hereto (the
“Notice of Exercise”) in accordance with Section 1.2.1, evidence of such
appointment and the date thereof reasonably satisfactory to the
Company.  Notwithstanding the foregoing, the Warrants may not be
exercised unless all of the conditions required for exercise pursuant to this
Warrant Certificate have been satisfied.

     

    1.2           Method of
Exercise.

     

    1.2.1              The
Warrants may be exercised by the Registered Holder, in whole or in part, by
surrendering this Warrant Certificate, with a Notice of Exercise duly executed
by such Registered Holder or by such Registered Holder’s duly authorized
attorney, at the principal office of the Company set forth in Section 12 hereof,
or at such other office or agency as the Company may designate in writing
pursuant to Section 12 hereof (the “Company’s Office”), accompanied by payment
in full with good, cleared funds, in lawful money of the United States, of the
Exercise Price payable in respect of the number of Warrant Shares purchased upon
such exercise.

     

    1.2.2              Each
exercise of Warrants shall be deemed to have been effected immediately prior to
the close of business on the day on which the Notice of Exercise shall be dated
and directed to the Company (as evidenced by the applicable postmark or other
evidence of transmittal) as provided in Section 1.2.1 hereof. At such time, the
person or persons in whose name or names any certificates for Warrant Shares
shall be issuable upon such exercise shall be deemed to have become the holder
or holders of record of the Warrant Shares represented by such
certificates.

     

    1.2.3              Subject
to the provisions of the opening paragraph of this Warrant Certificate, as soon
as practicable after the exercise of the Warrants, in full or in part, and in
any event within ten (10) days thereafter, the Company, at its expense, will
cause to be issued in the name of, and delivered to, the Registered Holder, or
as such Registered Holder (upon payment by such Registered Holder of any
applicable transfer taxes) may direct:

     

    (a)           a
certificate or certificates for the number of full Warrant Shares to which such
Registered Holder shall be entitled upon such exercise plus, in lieu of any
fractional share to which such Registered Holder would otherwise be entitled,
cash in an amount determined pursuant to Section 3 hereof; and

     

    (b)           in
case such exercise is in part only, a new certificate or certificates (dated the
date hereof) of like tenor, representing in the aggregate on the face or faces
thereof such number of Warrants as equal (without giving effect to any
adjustment therein) the number of Warrants set forth on the face of this
Certificate minus the number of Warrants (i) exercised in accordance with this
Section 1.2.

     

    
      
        
        

      

      
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    2.           Shares to be Fully Paid;
Reservation of Shares. The Company covenants that all Ordinary Shares
which may be issued upon the exercise of the rights represented by this Warrant
Certificate will, upon issuance by the Company, be duly and validly issued,
fully paid and nonassessable, and free from preemptive rights and free from all
taxes, liens, duties and charges with respect thereto and, in addition, the
Company covenants that it will from time to time take all such action as may be
requisite to assure that the par value per share of the Ordinary Shares is at
all times equal to or less than the effective Exercise Price.  The
Company further covenants that, from and after the date hereof and during the
period within which the rights represented by this Warrant Certificate may be
exercised, the Company will at all times have authorized and reserved, free from
preemptive rights, out of its authorized but unissued Ordinary Shares, solely
for the purpose of effecting the exercise of the Warrants, a sufficient number
of Ordinary Shares to provide for the exercise of the rights represented by this
Warrant Certificate.  If at any time the number of authorized but
unissued Ordinary Shares shall not be sufficient to affect the exercise of the
Warrants, the Company shall take any and all corporate action as is necessary to
increase it’s authorized but unissued Ordinary Shares to such number of shares
as shall be sufficient for such purpose.  The Company will take all
such action within its control as may be necessary on its part to assure that
all such Ordinary Shares may be so issued without violation of any applicable
law or regulation, or of any requirements of any national securities exchange
upon which the Ordinary Shares of the Company may be listed.

     

    3.           Fractional Shares.
The Company shall not be required upon the exercise of the Warrants to issue any
fractional shares, but shall make an adjustment therefor in cash on the basis of
the Market Value for each fractional share of an Ordinary Share which would be
issuable upon exercise of the Warrants.

     

    4.           Requirements for
Transfer.

     

    4.1           Warrant Register. The
Company will maintain a register (the “Warrant Register”) containing the names
and addresses of the Registered Holder or Registered Holders. Any Registered
Holder of the Warrants or any portion thereof may change its address as shown on
the Warrant Register by written notice to the Company requesting such change,
and the Company shall promptly make such change. Until any of the Warrants are
transferred on the Warrant Register of the Company, the Company may treat the
Registered Holder as shown on the Warrant Register as the absolute owner of such
Warrants for all purposes, notwithstanding any notice to the contrary, provided,
however, that if and when any such Warrants are properly assigned in blank, the
Company may, but shall not be obligated to, treat the bearer hereof as the
absolute owner hereof for all purposes, notwithstanding any notice to the
contrary.

     

    4.2           Warrant
Agent.  Effective as of the Listing Date, the Company will
appoint Continental Stock Transfer & Trust Company or similar entity, as
agent (“Warrant Agent”) for the purpose of maintaining the Warrant Register
referred to in Section 4.1 hereof, issuing the Ordinary Shares issuable upon the
exercise of the Warrants, exchanging the Warrants, replacing the Warrants or any
or all of the foregoing. Thereafter, any such registration, issuance, exchange,
or replacement, as the case may be, may be made at the office of such
agent.

     

    4.3           Transfer. Except with
the consent of the Committee (as defined in the Purchase Agreement), the
Warrants and all rights hereunder are not transferable, in whole or in
part.  If consent of the Committee is granted, subject to the terms
and conditions of this Section 4, the Warrants and the rights thereunder may be
transferred at the principal office of the Company upon the surrender of this
Warrant Certificate with a properly executed Assignment Form in substantially
the form attached hereto as Annex B (the
“Assignment”) accompanied by an opinion of counsel reasonably satisfactory to
the Company that such transfer is in compliance with all federal and state
securities laws or that an exemption from such laws is available and applies to
such transfer.  Notwithstanding the foregoing, Warrants held by a
deceased employee of the Company or its subsidiaries may be transferred to such
deceased employee’s estate without the consent of the Committee, but only for
the purpose of exercising such Warrants within the time period specified in
Section 1.1.

     

    
      
        
        

      

      
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    4.4           Exchange of Warrants upon a
Transfer.

     

    4.4.1              On
surrender of this Warrant Certificate for exchange, properly endorsed on the
Assignment and subject to the provisions of this Warrant Certificate and
limitations on assignments and transfers as contained in this Section 4, the
Company at its expense shall issue to or on the order of the Registered Holder a
new certificate or certificates of like tenor, in the name of the Registered
Holder or as the Registered Holder (on payment by the Registered Holder of any
applicable transfer taxes) may direct, for the number of shares issuable upon
exercise hereof.

     

    5.   
        Adjustments of Exercise
Price and Number of Securities.  The Exercise Price and/or the
Warrant Shares shall be subject to adjustment from time to time in accordance
with this Section 5.  The Exercise Price and/or the Warrant Shares
shall be adjusted to reflect all of the following events that occur on or after
the date hereof.

     

    5.1           Subdivision, Stock Dividends
or Combinations.  In case the Company shall at any time
subdivide the outstanding Ordinary Shares or shall issue a stock dividend with
respect to the Ordinary Shares, the Exercise Price in effect immediately prior
to such subdivision or the issuance of such dividend shall be proportionately
decreased, and the number of Warrant Shares for which this Warrant Certificate
may be exercised immediately prior to such subdivision or the issuance of such
dividend shall be proportionately increased.   In case the
Company shall at any time combine the outstanding Ordinary Shares, the Exercise
Price in effect immediately prior to such combination shall be proportionately
increased, and the number of Warrant Shares for which the Warrants represented
by this Warrant Certificate may be exercised immediately prior to such
combination shall be proportionately decreased.  In each of the
foregoing cases, the adjustment shall be effective at the close of business on
the date of such subdivision, dividend or combination, as the case may
be.

     

    5.2           Reclassification, Exchange
or Substitution.  Upon any reclassification, exchange,
substitution or other event that results in a change of the number and/or class
of the securities issuable upon exercise or conversion of the Warrants
represented by this Warrant Certificate, the Registered Holder shall be entitled
to receive, upon exercise of the Warrants represented by this Warrant
Certificate, the number and kind of securities that Registered Holder would have
received if the Warrants represented by this Warrant Certificate had been
exercised immediately before the record date for such reclassification,
exchange, substitution, or other event.  The Company or its successor
shall promptly issue to Registered Holder a new warrant for such new
securities.  The new warrant shall provide for adjustments which shall
be as nearly equivalent as may be practicable to the adjustments provided for in
Section 5 including, without limitation, adjustments to the Exercise Price and
to the number of securities issuable upon exercise or conversion of the new
warrant. The provisions of this Section 5.2shall similarly apply to successive
reclassifications, exchanges, substitutions, or other events.

     

    5.3           Reorganization, Merger
etc. In case of any merger or consolidation of the Company into or with
another corporation where the Company is not the surviving corporation, or sale,
transfer or lease (but not including a transfer or lease by pledge or mortgage
to a bona fide lender) of all or substantially all of the assets of the Company,
the Company, or such successor or purchasing corporation, as the case may be,
shall, as a condition to closing any such reorganization, merger or sale, duly
execute and deliver to the Registered Holder hereof a new warrant so that the
Registered Holder shall have the right to receive, at a total purchase price not
to exceed that payable upon the exercise or conversion of the unexercised
portion of this Warrant, and in lieu of the Warrant Shares theretofore issuable
upon exercise or conversion of this Warrant Certificate, the kind and amount of
shares of stock, other securities, money and property that would have been
receivable upon such reorganization, merger or sale by the Registered Holder
with respect to the Warrant Shares if the Warrants represented by this Warrant
Certificate had been exercised immediately before the consummation of such
transaction.  Such new warrant shall provide for adjustments that
shall be as nearly equivalent as may be practicable to the adjustments provided
for in this Section 5.  The provisions of this Section 5.3 shall
similarly apply to successive transactions of the type described in this Section
5.3.

     

    
      
        
        

      

      
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    5.4           
Certificate of
Adjustment.  In each case of an adjustment or readjustment of
the Exercise Price, the Company, at its own expense, shall compute such
adjustment or readjustment in accordance with the provisions hereof and prepare
a certificate showing such adjustment or readjustment, and shall mail such
certificate, by first class mail, postage prepaid, to the Registered
Holder.  The certificate shall set forth such adjustment or
readjustment, showing in detail the facts upon which such adjustment or
readjustment is based.  No adjustment of the Exercise Price shall be
required to be made unless it would result in an increase or decrease of at
least one cent, but any adjustments not made because of this sentence shall be
carried forward and taken into account in any subsequent adjustment otherwise
required hereunder.

     

    5.5           No
Impairment.  The Company shall not, by amendment of its
memorandum of association, articles of association or other organizational
documents, or through a reorganization, transfer of assets, consolidation,
merger, dissolution, issue, or sale of securities or any other voluntary action,
avoid or seek to avoid the observance or performance of any of the terms to be
observed or performed under this Warrant Certificate by the Company, but shall
at all times in good faith assist in carrying out all of the provisions of this
Section 5 and in taking all such action as may be necessary or appropriate to
protect the Registered Holder’s rights under this Section 5 against
impairment.

     

    5.6           Fractional
Shares.  No fractional shares shall be issuable upon exercise
or conversion of the Warrants represented by this Warrant Certificate and the
number of shares to be issued shall be rounded down to the nearest whole
share.  If a fractional share interest arises upon any exercise or
conversion of the Warrants represented by this Warrant Certificate, the Company
shall eliminate such fractional share interest by paying the Registered Holder
an amount computed by multiplying the fractional interest by the fair market
value of a full share or rounding up to the next whole share, as it determines
in its sole discretion.

     

    6.           Warrant Shares
Restriction.  No Warrant Shares may be sold, hypothecated or
otherwise sold by the Registered Holder prior to [one year after the Closing
Date under the Purchase Agreement2].  The
certificates representing the Warrant Shares shall bear a prominent legend to
such effect.

     

    7.           Redemption.

     

    7.1           Redemption.  Subject
to Section 7.4 hereof, not less than all of the outstanding Warrants may be
redeemed, at the option of the Company, at any time prior to their expiration,
at the office of the Warrant Agent, upon the notice referred to in Section 7.2,
at the price of $.01 per Warrant (“Redemption Price”), provided that the last
sales price of the Ordinary Shares has been at least $9.50 per share (subject to
adjustment in accordance with Section 5 hereof), on any twenty (20) trading days
within any thirty (30) trading day period ending on the third business day prior
to the date on which notice of redemption is given.

     

    7.2           Date Fixed for, and Notice
of, Redemption. In the event the Company shall elect to redeem all of the
Warrants, the Company shall fix a date for the redemption (the “Redemption
Date”). Notice of redemption shall be mailed by first class mail, postage
prepaid, by the Company not less than 30 days prior to the Redemption Date to
the registered holders of the Warrants to be redeemed at their last addresses as
they shall appear on the registration books. Any notice mailed in the manner
herein provided shall be conclusively presumed to have been duly given whether
or not the Registered Holder received such notice. 

     

    
      
        

      

    

    2 This
date will be inserted when known.

    

    
      
        
        

      

      
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    7.3           Exercise After Notice of
Redemption. The Warrants may be exercised, for cash at any time after
notice of redemption shall have been given by the Company pursuant to Section
7.2 hereof and prior to the Redemption Date, regardless of whether or not the
Exercise Condition has been satisfied. On and after the Redemption Date, the
Registered Holder of the Warrants shall have no further rights except to
receive, upon surrender of the Warrants, the Redemption Price.

     

    8.       
    Payment of
Taxes.  The Company will pay all taxes (other than taxes based
upon income or other taxes required by law to be paid by the holder) and other
governmental charges that may be imposed with respect to the issue or delivery
of Ordinary Shares upon exercise of the Warrants, excluding any tax or other
charge imposed in connection with any transfer involved in the issue and
delivery of Ordinary Shares in a name other than that in which the Warrants so
exercised were registered.

     

    9.     
      No Impairment. The
Company will not, by amendment of its Certificate of Incorporation or through
any reorganization, recapitalization, sale or transfer of assets, consolidation,
merger, dissolution, issue or sale of securities or any other voluntary action,
avoid or seek to avoid the observance or performance of any of the terms of this
Warrant Certificate but will at all times in good faith carry out all such terms
and take all such actions as may be reasonably necessary or appropriate in order
to protect the rights herein of the holder of the Warrants against dilution or
other impairment.

     

    10.           Notices of Record Date,
Etc.  In case the Company shall take a record of the holders of
its Ordinary Shares (or other stock or securities at the time deliverable upon
the exercise of the Warrants) for the purpose of entitling or enabling them to
receive any dividend or other distribution, or to receive any right to subscribe
for or purchase any shares of stock of any class or any other securities, or to
receive any other right; or of any capital reorganization of the Company, any
reclassification of the capital stock of the Company, any consolidation or
merger of the Company with or into another corporation (other than a
consolidation or merger in which the Company is the surviving entity), or any
transfer of all or substantially all of the assets of the Company; or of the
voluntary or involuntary dissolution, liquidation or winding-up of the Company,
then, and in each such case, the Company will mail or cause to be mailed to the
Registered Holder of the Warrants a notice specifying, as the case may be, (i)
the date on which a record is to be taken for the purpose of such dividend,
distribution or right, and stating the amount and character of such dividend,
distribution or right, or (ii) the effective date on which such reorganization,
reclassification, consolidation, merger, transfer, dissolution, liquidation or
winding-up is to take place, and the time, if any is to be fixed, as of which
the holders of record of Ordinary Shares (or such other stock or securities at
the time deliverable upon the exercise of the Warrants) shall be entitled to
exchange their Ordinary Shares (or such other stock or securities) for
securities or other property deliverable upon such reorganization,
reclassification, consolidation, merger, transfer, dissolution, liquidation or
winding-up.  The Company will cause such notice to be mailed at least
twenty (20) business days prior to the record date or effective date for the
event specified in such notice unless such prior notice is waived by the
Registered Holder.

     

    11.           No Rights of
Stockholders.  Subject to other Sections of this Warrant
Certificate, the Registered Holder shall not be entitled to vote, to receive
dividends or subscription rights, nor shall anything contained herein be
construed to confer upon the Registered Holder, as such, any of the rights of a
stockholder of the Company, including without limitation any right to vote for
the election of directors or upon any matter submitted to stockholders, to give
or withhold consent to any corporate action (whether upon any recapitalization,
issuance of stock, reclassification of stock, change of par value or change of
stock to no par value, consolidation, merger, conveyance, or otherwise), to
receive notices, or otherwise, until the Warrants shall have been exercised as
provided herein.

     

    
      
        
        

      

      
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    12.           Replacement of Warrant
Certificate. Upon receipt of evidence reasonably satisfactory to the
Company of the loss, theft, destruction or mutilation of this Warrant
Certificate and (in the case of loss, theft or destruction) upon delivery of an
indemnity agreement reasonably satisfactory to the Company, or (in the case of
mutilation) upon surrender and cancellation of this Warrant Certificate, the
Company will issue, in lieu thereof, a new warrant certificate of like
tenor.

     

    13.           Mailing of Notices,
Etc.

     

    (a)           All
notices, requests, consents, and other communications in connection with these
Warrants shall be in writing and shall be deemed delivered (i) three (3)
business days after being sent by registered or certified mail, return receipt
requested, postage prepaid, (ii) one (1) business day after being sent via a
reputable overnight courier service guaranteeing next business day delivery in
the Holder’s country or region, or (iii) on actual receipt if delivered by
telecopier, in each case delivery shall be made to the intended recipient as set
forth below:

     

    If to the
Company:

     

    [Name,
Address, Attention, Fax No.]

     

    With a
copy to:

     

    Graubard
Miller

    The
Chrysler Building

    405
Lexington Avenue

    New York,
NY  10174

    Telecopier
No.: (212) 818-8881

    Attention:
David Alan Miller, Esq.

     

    If to the
Registered Holder:

    To the
address set forth in the Warrant Register as described in Section 4
hereof.

     

    (b)           All
notices and other communications from the Company to the Registered Holder of
the Warrants shall be (x) mailed by first-class certified or registered mail,
postage prepaid, and (y) sent by telecopier delivery, to the address and
telecopier number furnished to the Company in writing by the last Registered
Holder of these Warrants who shall have furnished an address to the Company in
writing. All notices and other communications from the Registered Holder of the
Warrants or in connection herewith to the Company shall be mailed by first-class
certified or registered mail, postage prepaid, to the Company’s office set forth
above. If the Company should at any time change the location of its principal
office to a place other than as set forth below, then it shall give prompt
written notice to the Registered Holder of the Warrants and thereafter all
references in the Warrants to the location of its principal office at the
particular time shall be as so specified in such notice.

     

    14.           Currency.  All
monetary amounts set forth in this Warrant Certificate are referenced in United
States dollars.

     

    15.           Change or Waiver. Any
term of this Warrant Certificate may be changed or waived only by an instrument
in writing signed by the party against which enforcement of the change or waiver
is sought.

     

    16.           Headings. The
headings in this Warrant Certificate are for purposes of reference only and
shall not limit or otherwise affect the meaning of any provision of this Warrant
Certificate.

     

    
      
        
        

      

      
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    17.           Severability.  If
any provision of this Warrant Certificate shall be held to be invalid and
unenforceable, such invalidity or unenforceability shall not affect any other
provision of this Warrant Certificate.

     

    18.           Governing Law and Submission
to Jurisdiction. This Warrant Certificate will be governed by and
construed in accordance with the law of the State of New York without regard to
principles of conflict or choice of laws of any jurisdiction, except to the
extent that the law of the Cayman Islands is mandatorily
applicable.  The parties hereby agree that any action, proceeding or
claim against it arising out of, or relating in any way to this Warrant
Certificate shall be brought and enforced in the courts of the State of New
York, and irrevocably submit to such jurisdiction, which jurisdiction shall be
exclusive.

     

    19.           Certificate. Upon
request by the Registered Holder of the Warrants, the Company shall promptly
deliver to such holder a certificate executed by its President or Chief
Financial Officer setting forth the total number of outstanding shares of
capital stock, convertible debt instruments and options, rights, warrants or
other agreements relating to the purchase of such capital stock or convertible
debt instruments, together with its calculation of the number of shares
remaining available for issuance upon exercise of the Warrants, and a
certificate of the accuracy of the statements set forth therein.

     

    20.           Supplements and
Amendments.  The Company may from time to time supplement or
amend this Warrant Certificate in order to cure any ambiguity, to correct or
supplement any provision contained herein which may be defective or inconsistent
with any provision herein, or to make any other provisions in regard to matters
or questions arising hereunder which the Company and the Registered Holder may
deem necessary or desirable.

     

    21.           Successors.  All
the covenants and provisions of this Warrant Certificate shall be binding upon
and inure to the benefit of the Company and the Registered Holder and their
respective successors and assigns hereunder.

     

    22.           Benefits of these
Warrants.  Nothing in this Warrant Certificate shall be
construed to give to any person, entity or corporation other than the Company
and the Registered Holder of the Warrants any legal or equitable right, remedy
or claim under this Warrant Certificate; and the rights under this Warrant
Certificate shall be for the sole and exclusive benefit of the Company and the
Registered Holder of the Warrants.

     

    IN
WITNESS WHEREOF, [CS CHINA ACQUISITION CORP.] has caused this Warrant
Certificate to be signed by its duly authorized officers under its corporate
seal and to be dated on the day and year first written above.

    

    
      	 
      	
              [CS
      CHINA ACQUISITION CORP.]

            
	 
      	 
      
	 
      	
              By:_________________________________

            
	 
      	
              Name:

            
	 
      	
              Title:

            

    

     

    
      
        
        

      

      
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    ANNEX
A

    

    NOTICE OF EXERCISE
FORM

    

    
      	
              To:

            	
              Dated:                                            
      

            

    

    

    In
accordance with the Warrant Certificate enclosed with this Form of Election to
Purchase, the undersigned hereby irrevocably elects to purchase _____________
Ordinary Shares, $.0001 par value per share, of [CS China Acquisition Corp.]
(“Company”) and encloses herewith $________ in cash, certified or official bank
check or checks or other immediately available funds, which sum represents the
aggregate Exercise Price (as defined in the Warrant Certificate) for the number
of Ordinary Shares to which this Form of Election to Purchase relates, together
with any applicable taxes payable by the undersigned pursuant to the Warrant
Certificate.

     

    The
undersigned hereby represents, warrants to, and agrees with, the Company
that:

    

    (i)           The
undersigned is acquiring the Warrant Shares for its own account and not with a
view towards the distribution thereof;

    

    (ii)           The
undersigned has received a copy of all reports and documents required to be
filed by the Company with the Commission pursuant to the Securities Exchange Act
of 1934, as amended, within the last 12 months and all reports issued by the
Company to its stockholders;

    

    (iii)           The
undersigned understands that it must bear the economic risk of the investment in
the Warrant Shares, which cannot be sold unless they are registered under the
Securities Act of 1933 (the “1933 Act”) or an exemption therefrom is available
thereunder;

    

    
      (iv)           The
undersigned is aware that the Company shall place stop transfer orders with its
transfer agent against the transfer of the Warrant Shares in the absence of
registration under the 1933 Act or an exemption therefrom as provided
herein;

    

    
       

    

    
      
        	 
      	
                Signature:_______________________

              
	 	 
	 
      	
                Address:________________________

              

      

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    ANNEX
B

    

    ASSIGNMENT
FORM

    

    FOR VALUE
RECEIVED, _________________________________ hereby sells, assigns and transfers
all of the rights of the undersigned under the attached Warrant Certificate with
respect to the number of Ordinary Shares covered thereby set forth below,
unto:

    

    
      
        
          
            
              
                
                  
                    
                      	
                              Name of Assignee

                            	 	
                              Address

                            	 	
                              No. of Shares

                            
	 	 	 	 	 
	 	 	 	 	 

                    

                  

                

              

            

          

        

      

    

    

    
      
        
          
            
              	 	
                      Dated:
      ________________________________

                    
	 	 
	 	
                      Signature:
      _____________________________

                    
	 	 
	 	
                      Dated:
      ________________________________

                    
	 	 
	 	
                      Witness:
      ______________________________

                    

            

          

        

      

    

     

    
      
        
        

      

      
        10Exhibit
10.3

      

      Exhibit
B to Stock Purchase Agreement

       

      ESCROW
AGREEMENT

       

      ESCROW
AGREEMENT (“Agreement”) dated [Closing Date] by and among SPRING FORTUNE
INVESTMENT LTD, a British Virgin Islands corporation (“Shareholder”), CS CHINA
ACQUISITION CORP. (“Purchaser”), and Continental Stock Transfer & Trust
Company, as escrow agent (the “Escrow Agent”).

       

      Shareholder,
Purchaser and Asia Gaming & Resort, Ltd., a Hong Kong corporation and
subsidiary of Shareholder (“AGRL”), are the parties to a Stock Purchase
Agreement dated as of September __, 2009 (the “Purchase Agreement”) pursuant to
which Purchaser has purchased from Shareholder all of the outstanding capital
stock of AGRL.  Pursuant to the Purchase Agreement, Purchaser is to be
indemnified in certain respects.  The parties desire to establish an
escrow fund as collateral security for the indemnification obligations under the
Purchase Agreement that is to consist of 9,315,0001 shares of Purchaser Stock
to be deposited by Shareholder (the “Escrow Shares”).  Capitalized
terms used herein that are not otherwise defined herein shall have the meanings
ascribed to them in the Purchase Agreement.

       

      The
parties agree as follows:

       

      1.           (a)           Concurrently
with the execution hereof, Shareholder is delivering to the Escrow Agent, to be
held in escrow pursuant to the terms of this Agreement, share certificates
issued in the name of Shareholder representing the Escrow Shares, together with
five (5) share transfer instruments separate from certificate executed in blank
by Shareholder, with medallion signature guaranties.  The Shares of
Purchaser Stock represented by the share certificates so delivered by
Shareholder to the Escrow Agent are herein referred to in the aggregate as the
“Escrow Fund.”

       

      (b)           The
Escrow Agent hereby agrees to act as escrow agent and to hold, safeguard and
disburse the Escrow Fund pursuant to the terms and conditions
hereof.  It shall treat the Escrow Fund as a trust fund in accordance
with the terms of this Agreement and not as the property of Purchaser. The
Escrow Agent’s duties hereunder shall terminate upon its distribution of the
entire Escrow Fund in accordance with this Agreement.

       

      (c)           Except
as herein provided, Shareholder and all Permitted Transferees (as hereinafter
defined and, together with Shareholder, the “Owners”) shall retain all of their
rights as shareholders of Purchaser with respect to the Purchaser Stock
constituting the Escrow Fund during the period any portion of the Escrow Fund is
held by the Escrow Agent (the “Escrow Period”), including, without limitation,
the right to vote its Purchaser Stock included in the Escrow Fund.

      

        

      
        1 This
number is 90% of the 10,350,000 shares that will be issued at
Closing.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      (d)           During
the Escrow Period, all dividends payable in cash with respect to the Purchaser
Stock included in the Escrow Fund shall be paid to the Owners, but all dividends
payable in stock or other non-cash property (“Non-Cash Dividends”) shall be
delivered to the Escrow Agent to hold in accordance with the terms
hereof.  As used herein, the term “Escrow Fund” shall be deemed to
include the Non-Cash Dividends distributed thereon, if any.

       

      (e)           During
the Escrow Period, no sale, transfer or other disposition may be made of any or
all of the Purchaser Stock in the Escrow Fund except (i) to a “Permitted
Transferee” (as hereinafter defined), (ii) by virtue of the laws of descent and
distribution upon death of any Owner, or (iii) pursuant to a qualified domestic
relations order; provided, however, that such permissive transfers may be
implemented only upon the respective transferee’s written agreement to be bound
by the terms and conditions of this Agreement.  As used in this
Agreement, the term “Permitted Transferee” shall include an entity in which (A)
Shareholder beneficially owns 100% of such entity’s voting and non-voting equity
securities, or (B) Shareholder is a general partner and in which Shareholder
beneficially owns 100% of all capital accounts of such entity.  In
connection with and as a condition to each permitted transfer, the Permitted
Transferee shall deliver to the Escrow Agent an assignment separate from
certificate executed by Shareholder, with medallion signature guaranty, or where
applicable, an order of a court of competent jurisdiction, evidencing the
transfer of shares to the Permitted Transferee, together with two (2)
assignments separate from certificate executed in blank by the Permitted
Transferee, with medallion signature guaranties, with respect to the shares
transferred to the Permitted Transferee.  Upon receipt of such
documents, the Escrow Agent shall deliver to Purchaser’s transfer agent the
original share certificate out of which the assigned shares are to be
transferred, together with the executed share transfer instrument separate from
certificate executed by Shareholder, or a copy of the applicable court order,
and shall request that Purchaser issue new certificates representing (x) the
number of shares, if any, that continue to be owned by the transferor, and (y)
the number of shares owned by the Permitted Transferee as the result of such
transfer.  Shareholder, the Purchaser and the Permitted Transferee
shall cooperate in all respects with the Escrow Agent in documenting each such
transfer and in effectuating the result intended to be accomplished
thereby.  During the Escrow Period, no Owner shall pledge or grant a
security interest in such Owner’s Purchaser Stock included in the Escrow Fund or
grant a security interest in such Owner’s rights under this
Agreement.

       

      2.           Indemnification Claims
Procedure.

       

      (a)           Purchaser,
acting through the current or former members of Purchaser’s Board of Directors
who have been appointed by Purchaser to take all necessary actions and make all
decisions on behalf of Purchaser with respect to its rights to indemnification
under Article VII of the Purchase Agreement (the “Committee”), may make a claim
for indemnification pursuant to the Purchase Agreement (“Indemnification Claim”)
against the Escrow Shares in the Escrow Fund by giving notice (a “Notice”) to
Shareholder (with a copy to the Escrow Agent) specifying (i) the covenant,
representation, warranty, agreement, undertaking or obligation contained in the
Purchase Agreement which it asserts has been breached or otherwise entitles
Purchaser to indemnification and (ii) in reasonable detail, the nature and
dollar amount of any Indemnification Claim.  The Committee also shall
deliver to the Escrow Agent (with a copy to Shareholder), concurrently with its
delivery to the Escrow Agent of the Notice, a certification as to the date on
which the Notice was delivered to Shareholder.

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

       

      (b)           If
Shareholder shall give a notice to the Committee (with a copy to the Escrow
Agent) (a “Counter Notice”), within 30 days following the date of receipt (as
specified in the Committee’s certification) by Shareholder of a copy of the
Notice, disputing whether the Indemnification Claim is indemnifiable under the
Purchase Agreement, the Committee and Shareholder shall attempt to resolve such
dispute by voluntary settlement as provided in Section 2(c) below. If no Counter
Notice with respect to an Indemnification Claim is received by the Escrow Agent
from Shareholder within such 30-day period, the Indemnification Claim shall be
deemed to be an Established Claim (as hereinafter defined) for purposes of this
Agreement.

       

      (c)           If
Shareholder delivers a Counter Notice to the Escrow Agent, the Committee and
Shareholder shall, during the period of 60 days following the delivery of such
Counter Notice or such greater period of time as the parties may agree to in
writing (with a copy to the Escrow Agent), attempt to resolve the dispute with
respect to which the Counter Notice was given.  If the Committee and
Shareholder shall reach a settlement with respect to any such dispute, they
shall jointly deliver written notice of such settlement to the Escrow Agent
specifying the terms thereof.  If the Committee and Shareholder shall
be unable to reach a settlement with respect to a dispute, such dispute shall be
resolved by arbitration pursuant to Section 2(d) below.

       

      (d)           If
the Committee and Shareholder cannot resolve a dispute prior to expiration of
the 60-day period referred to in Section 2(c) above (or such longer period as
the parties may have agreed to in writing), then such dispute shall be submitted
(and either party may submit such dispute) to arbitration as set forth in
Section 7 hereof.

       

      (e)           As
used in this Agreement, “Established Claim” means any (i) Indemnification Claim
deemed established pursuant to the last sentence of Section 2(b) above, (ii)
Indemnification Claim resolved in favor of Purchaser by settlement pursuant to
Section 2(c) above, resulting in a dollar award to Purchaser, (iii)
Indemnification Claim established by the decision of an arbitrator pursuant to
Section 2(d) above, resulting in a dollar award to Purchaser, (iv) Third Party
Claim that has been sustained by a final determination (after exhaustion of any
appeals) of a court of competent jurisdiction, or (v) Third Party Claim that the
Committee and Shareholder have jointly notified the Escrow Agent has been
settled in accordance with the provisions of the Purchase
Agreement.

       

      (f)           (i)           Promptly
after an Indemnification Claim becomes an Established Claim, the Committee and
Shareholder shall jointly deliver a notice to the Escrow Agent (a “Joint
Notice”) directing the Escrow Agent to pay to Purchaser, and the Escrow Agent
promptly shall pay to Purchaser, an amount equal to the aggregate dollar amount
of the Established Claim (or, if at such time there remains in the Escrow Fund
less than the full amount so payable, the full amount remaining in the Escrow
Fund).

      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

       

      (ii)           Payment
of an Established Claim shall be made from Escrow Shares pro rata from the
account maintained on behalf of each Owner.  For purposes of each
payment, such shares shall be valued at the “Fair Market Value” (as defined
below).  However, in no event shall the Escrow Agent be required to
calculate Fair Market Value or make a determination of the number of shares to
be delivered to Purchaser in satisfaction of any Established Claim; rather, such
calculation shall be included in and made part of the Joint
Notice.  The Escrow Agent shall transfer to Purchaser out of the
Escrow Fund that number of Purchaser Stock necessary to satisfy each Established
Claim, as set out in the Joint Notice.  Any dispute between the
Committee and Shareholder concerning the calculation of Fair Market Value or the
number of shares necessary to satisfy any Established Claim, or any other
dispute regarding a Joint Notice, shall be resolved between the Committee and
Shareholder in accordance with the procedures specified in Section 2(d) above,
and shall not involve the Escrow Agent.   Each transfer of shares
in satisfaction of an Established Claim shall be made by the Escrow Agent
delivering to Purchaser one or more share certificates held in each Owner’s
account evidencing not less than such Owner’s pro rata portion of the aggregate
number of shares specified in the Joint Notice, together with share transfer
instruments separate from certificate executed in blank by such Owner and
completed by the Escrow Agent in accordance with instructions included in the
Joint Notice.  Upon receipt of the share certificates and share
transfer assignments, Purchaser shall deliver to the Escrow Agent new
certificates representing the number of shares owned by each Owner after such
payment.  The parties hereto (other than the Escrow Agent) agree that
the foregoing right to make payments of Established Claims in Purchaser Stock
may be made notwithstanding any other agreements restricting or limiting the
ability of any Owner to sell any shares of Purchaser Stock or
otherwise.  The Committee and Shareholder shall be required to
exercise utmost good faith in all matters relating to the preparation and
delivery of each Joint Notice.  As used herein, “Fair Market Value”
means the average reported last sale price for the Purchaser Stock for the ten
trading days ending on the last trading day prior to (x) the day the Established
Claim is paid with respect to Indemnification Claims paid on or before the
thirtieth day after Purchaser files its Annual Report on Form 20-F for the
fiscal year ending December 31, 2010 (the “Escrow Termination Date”), and (y)
the Escrow Termination Date with respect to shares constituting the Pending
Claims Reserve (as hereinafter defined) on the Escrow Termination
Date.

       

      (iii)           Notwithstanding
anything herein to the contrary, at such time as an Indemnification Claim has
become an Established Claim, Shareholder shall have the right to substitute for
the Escrow Shares that otherwise would be paid in satisfaction of such claim
(the “Claim Shares”), cash in an amount equal to the Fair Market Value of the
Claim Shares (“Substituted Cash”).  In such event (i) the Joint Notice
shall include a statement describing the substitution of Substituted Cash for
the Claim Shares, and (ii) substantially contemporaneously with the delivery of
such Joint Notice, Shareholder shall cause currently available funds to be
delivered to the Escrow Agent in an amount equal to the Substituted
Cash.  Upon receipt of such Joint Notice and Substituted Cash, the
Escrow Agent shall (y) in payment of the Established Claim described in the
Joint Notice, deliver the Substituted Cash to Shareholder in lieu of the Claim
Shares, and (z) cause the Claim Shares to be returned to
Shareholder.

      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

       

      (g)           On
the date that is one (1) year after the date of this Agreement, the Escrow
Agent, upon receipt of written notice from Shareholder to such effect, a copy of
which shall also be delivered to the Committee, shall distribute and deliver to
each Owner certificates representing Escrow Shares placed in such Owner’s
account in the Escrow Fund less that number of shares in such Owner’s account
equal to the sum of (i) the number of shares applied in satisfaction of
Indemnification Claims made prior to that date, (ii) the number of shares in the
Pending Claims Reserve allocated to such Owner’s account, as provided in the
following sentence, and (iii) 1,552,500 shares.  If, at such time,
there are any Indemnification Claims with respect to which Notices have been
received but which have not been resolved pursuant to Section 2 hereof or in
respect of which the Escrow Agent has not been notified of, and received a copy
of, a final determination (after exhaustion of any appeals) by a court of
competent jurisdiction, as the case may be (in either case, “Pending Claims”),
and which, if resolved or finally determined in favor of Purchaser, would result
in a payment to Purchaser, the Escrow Agent shall retain in the Pending Claims
Reserve that number of shares of Purchaser Stock having a Fair Market Value
equal to the dollar amount for which indemnification is sought in such
Indemnification Claim, allocated pro rata from the account maintained on behalf
of each Owner.  The Committee shall certify to the Escrow Agent the
Fair Market Value to be used in calculating the Pending Claims Reserve and the
number of Purchaser Stock to be retained therefor.  Thereafter, if any
Pending Claim becomes an Established Claim, the Committee and Shareholder shall
deliver to the Escrow Agent a Joint Notice directing the Escrow Agent to deliver
to Purchaser the number of shares in the Pending Claims Reserve in respect
thereof determined in accordance with Section 2(f) above and to deliver to each
Owner the remaining shares in the Pending Claims Reserve allocated to such
Pending Claim, all as specified in a Joint Notice. If any Pending Claim is
resolved against Purchaser, the Committee and Shareholder shall deliver to the
Escrow Agent a Joint Notice directing the Escrow Agent to pay to each Owner its
pro rata portion of the number of shares allocated to such Pending Claim in the
Pending Claims Reserve.

       

      (h)           On
the first Business Day after the Escrow Termination Date, upon receipt of a
Joint Notice, the Escrow Agent shall distribute and deliver to each Owner
certificates representing Escrow Shares placed in such Owner’s account in the
Escrow Fund less that number of shares in such Owner’s account equal to the sum
of (i) the number of shares applied in satisfaction of Indemnification Claims
made prior to that date and (ii) the number of shares in the Pending Claims
Reserve allocated to such Owner’s account, as provided in the following
sentence.  If, at such time, there are any Pending Claims, and which,
if resolved or finally determined in favor of Purchaser, would result in a
payment to Purchaser, the Escrow Agent shall retain in the Pending Claims
Reserve that number of Purchaser Stock having a Fair Market Value equal to the
dollar amount for which indemnification is sought in such Indemnification Claim,
allocated pro rata from the account maintained on behalf of each
Owner.  The Committee shall certify to the Escrow Agent the Fair
Market Value to be used in calculating the Pending Claims Reserve and the number
of Purchaser Stock to be retained therefor.  Thereafter, if any
Pending Claim becomes an Established Claim, the Committee and Shareholder shall
deliver to the Escrow Agent a Joint Notice directing the Escrow Agent to deliver
to Purchaser the number of shares in the Pending Claims Reserve in respect
thereof determined in accordance with Section 2(f) above and to deliver to each
Owner the remaining shares in the Pending Claims Reserve allocated to such
Pending Claim, all as specified in a Joint Notice. If any Pending Claim is
resolved against Purchaser, the Committee and Shareholder shall deliver to the
Escrow Agent a Joint Notice directing the Escrow Agent to pay to each Owner its
pro rata portion of the number of shares allocated to such Pending Claim in the
Pending Claims Reserve.

       

      (i)           As
used herein, the “Pending Claims Reserve” shall mean, at the time any such
determination is made, that number of Escrow Shares in the Escrow Fund having a
Fair Market Value equal to the sum of the aggregate dollar amounts claimed to be
due with respect to all Pending Claims (as shown in the Notices of such
Claims).

      
        
           

        

        
          -5-

          
            

          

        

        
           

        

      

       

      3.           The
Escrow Agent, the Committee and Shareholder shall cooperate in all respects with
one another in the calculation of any amounts determined to be payable to
Purchaser, Shareholder and the Owners in accordance with this Agreement and in
implementing the procedures necessary to effect such payments.

       

      4.           (a)           The
Escrow Agent undertakes to perform only such duties as are expressly set forth
herein.  It is understood that the Escrow Agent is not a trustee or
fiduciary and is acting hereunder merely in a ministerial capacity.

       

      (b)           The
Escrow Agent shall not be liable for any action taken or omitted by it in good
faith and in the exercise of its own best judgment, and may rely conclusively
and shall be protected in 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
notice or demand, or any waiver, modification, termination or rescission of this
Agreement unless evidenced by a writing 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 have given its prior written consent
thereto.

       

      (c)           The
Escrow Agent’s sole responsibility upon receipt of any notice requiring any
payment to Shareholder pursuant to the terms of this Agreement or, if such
notice is disputed by the Committee or Shareholder, the settlement with respect
to any such dispute, whether by virtue of joint resolution, arbitration or
determination of a court of competent jurisdiction, is to pay to Purchaser the
amount specified in such notice, and the Escrow Agent shall have no duty to
determine the validity, authenticity or enforceability of any specification or
certification made in such notice.

       

      (d)           The
Escrow Agent shall not be liable for any action taken by it in good faith and
believed by it to be authorized or within the rights or powers conferred upon it
by this Agreement, and may consult with counsel of its own choice and shall have
full and complete authorization and indemnification under Section 4(g), below,
for any action taken or suffered by it hereunder in good faith and in accordance
with the opinion of such counsel.

       

      (e)           The
Escrow Agent may resign at any time and be discharged from its duties as escrow
agent hereunder by its giving the other parties hereto written notice and such
resignation shall become effective as hereinafter provided.  Such
resignation shall become effective at such time that the Escrow Agent shall turn
over the Escrow Fund to a successor escrow agent appointed jointly by the
Committee and Shareholder.  If no new escrow agent is so appointed
within the 60 day period following the giving of such notice of resignation, the
Escrow Agent may deposit the Escrow Fund with any court it reasonably deems
appropriate.

      
        
           

        

        
          -6-

          
            

          

        

        
           

        

      

       

      (f)           The
Escrow Agent shall be indemnified and held harmless by Shareholder from and
against any expenses, including counsel fees and disbursements, or loss suffered
by the Escrow Agent in connection with any action, suit or other proceeding
involving any claim which in any way, directly or indirectly, arises out of or
relates to this Agreement, the services of the Escrow Agent hereunder, or the
Escrow Fund held by it hereunder, other than expenses or losses arising from the
gross negligence or willful misconduct of the Escrow Agent.  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 notify
the other parties hereto in writing.  In the event of the receipt of
such notice, the Escrow Agent, in its sole discretion, may commence an action in
the nature of interpleader in the United States District Court for the Southern
District of New York.

       

      (g)           The
Escrow Agent shall be entitled to reasonable compensation from Shareholder for
all services rendered by it hereunder.  The Escrow Agent shall also be
entitled to reimbursement from Shareholder for all expenses paid or incurred by
it in the administration of its duties hereunder including, but not limited to,
all counsel, advisors’ and agents’ fees and disbursements and all taxes or other
governmental charges.

       

      (h)           From
time to time on and after the date hereof, the Committee and Shareholder shall
deliver or cause to be delivered to the Escrow Agent such further documents and
instruments and shall do or cause to be done such further acts as the Escrow
Agent shall reasonably 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.

       

      (i)           Notwithstanding
anything herein to the contrary, the Escrow Agent shall not be relieved from
liability hereunder for its own gross negligence or its own willful
misconduct.

       

      5.           This
Agreement expressly sets forth all the duties of the Escrow Agent with respect
to any and all matters pertinent hereto. No implied duties or obligations shall
be read into this Agreement against the Escrow Agent. The Escrow Agent shall not
be bound by the provisions of any agreement among the parties hereto except this
Agreement and shall have no duty to inquire into the terms and conditions of any
agreement made or entered into in connection with this Agreement, including,
without limitation, the Purchase Agreement.

       

      6.           This
Agreement shall inure to the benefit of and be binding upon the parties and
their respective heirs, successors, assigns and legal representatives shall be
governed by and construed in accordance with the law of New York applicable to
contracts made and to be performed therein.  This Agreement cannot be
changed or terminated except by a writing signed by the Committee, Shareholder
and the Escrow Agent.

       

      7.           All
disputes arising under this Agreement between the Committee and Shareholder,
including a dispute arising from a party’s failure or refusal to sign a Joint
Notice, shall be submitted to arbitration to the American Arbitration
Association in New York City. The Committee and Shareholder each hereby consents
to the exclusive jurisdiction of the federal and state courts sitting in New
York County, New York, with respect to any claim or controversy arising out of
this Agreement. Service of process in any action or proceeding brought against
the Committee or Shareholder in respect of any such claim or controversy may be
made upon it by registered mail, postage prepaid, return receipt requested, at
the address specified in Section 8, with copies delivered by nationally
recognized overnight carrier to Graubard Miller, The Chrysler Building, 405
Lexington Avenue, New York, N.Y. 10174-1901, Attention:  David Alan
Miller, Esq., and to [Shareholder to specify name and address of party to be
copied on its behalf].

      
        
           

        

        
          -7-

          
            

          

        

        
           

        

      

       

      8.           All
notices and other communications under this Agreement shall be in writing and
shall be deemed given if given by hand or delivered by nationally recognized
overnight carrier, or if given by telecopier and confirmed by mail (registered
or certified mail, postage prepaid, return receipt requested), to the respective
parties as follows:

       

      
        	
              	
                A.

              	
                If
      to the Committee, to it at:

              

      

       

      with a
copy to:

       

      Graubard
Miller

      The
Chrysler Building

      405
Lexington Avenue

      New York,
New York  10174-1901

      Attention:  David
Alan Miller, Esq.

      Telecopier
No.: 212-818-8881

       

      
        	
              	
                B.

              	
                If
      to Shareholder, to it at:

              

      

       

      [To
follow]

       

      with a
copy to:

       

      [To
follow]

       

      
        	
              	
                C.

              	
                If
      to the Escrow Agent, to it at:

              

      

       

      Continental
Stock Transfer & Trust Company

      17 Battery Place

      New York, New York 1004

      Attention:  Steven G.
Nelson

      Telecopier No.:

       

      or to
such other person or address as any of the parties hereto shall specify by
notice in writing to all the other parties hereto.

       

      9.           (a)           If
this Agreement requires a party to deliver any notice or other document, and
such party refuses to do so, the matter shall be submitted to arbitration as
provided for herein.

       

      (b)           All
notices delivered to the Escrow Agent shall refer to the provision of this
Agreement under which such notice is being delivered and, if applicable, shall
clearly specify the aggregate dollar amount due and payable to
Purchaser.

      
        
           

        

        
          -8-

          
            

          

        

        
           

        

      

       

      (c)           This
Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original instrument and all of which together shall constitute a
single agreement.

       

      IN
WITNESS WHEREOF, each of the parties hereto has duly executed this Agreement on
the date first above written.

      

      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  SPRING
      FORTUNE INVESTMENT LTD

                                
	 
      	 
      
	
                                  By:

                                	 
      
	
                                  Name:

                                	 
      
	
                                  Title:

                                	 
      
	 
      	 
      
	
                                  CS
      CHINA ACQUISITION CORP.

                                
	 
      	 
      
	 
      	 
      
	 
      	 
      
	
                                  ESCROW
      AGENT:

                                
	 
      
	
                                  CONTINENTAL
      STOCK TRANSFER

                                
	
                                  &
      TRUST COMPANY

                                
	 
      	 
      
	
                                  By:

                                	 
      
	
                                  Name:

                                	 
      
	
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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]