Document:

WARRANT
AGREEMENT

      
 

      Agreement made as of ________, 2011
between China VantagePoint Acquisition Company, a Cayman Islands limited life
exempted company, with offices at 465 Brickell Avenue, #617, Miami, FL 33131
(“Company”), and Continental Stock Transfer & Trust Company, a New York
corporation, with offices at 17 Battery Place, New York, New York 10004
(“Warrant Agent”).

      

      
        WHEREAS,
the Company is engaged in a public offering (“Public Offering”) of units, each
unit comprised of one subunit (“Subunit”) and one-half of a Public Warrant (as
defined below) (the “Units”).  Each Subunit is comprised of one
Ordinary Share (as defined below) and one-half of a Public
Warrant.  In connection with the Public Offering, the Company has
determined to issue and deliver up to (i) 2,500,000 Warrants included as part of
the Units and Subunits to the public investors (“Public Warrants”), (ii)
2,642,856 Warrants (the “Warrant Offering Warrants”), consisting of 1,500,000
Warrant Offering Warrants (the “Insider Warrants”) and 1,142,856 Warrant
Offering Warrants (the “EBC/Third Party Warrants”) and (iii) 175,000 Warrants to
EarlyBirdCapital, Inc. (“EBC”) or its designees (“Underwriter’s Warrants” and,
together with the Public Warrants and Warrant Offering Warrants, the
“Warrants”), each of such Warrants evidencing the right of the holder thereof to
purchase one ordinary share of the Company, par value $.001 per share (“Ordinary
Share”), for $5.00, subject to adjustment as described herein;
and
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      WHEREAS, the Company has filed with the
Securities and Exchange Commission a Registration Statement on Form S-1, No.
333-170006 (“Registration Statement”), for the registration, under the
Securities Act of 1933, as amended (“Act”) of, among other securities, the
Warrants and the Ordinary Shares issuable upon exercise of the Warrants;
and

      

      WHEREAS, the Company desires the
Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing
to so act, in connection with the issuance, registration, transfer, exchange,
redemption and exercise of the Warrants; and

      

      WHEREAS, the Company desires to provide
for the form and provisions of the Warrants, the terms upon which they shall be
issued and exercised, and the respective rights, limitation of rights, and
immunities of the Company, the Warrant Agent, and the holders of the Warrants;
and

      

      WHEREAS, all acts and things have been
done and performed which are necessary to make the Warrants, when executed on
behalf of the Company and countersigned by or on behalf of the Warrant Agent, as
provided herein, the valid, binding and legal obligations of the Company, and to
authorize the execution and delivery of this Agreement.

      

      NOW, THEREFORE, in consideration of the
mutual agreements herein contained, the parties hereto agree as
follows:

      

      1.           Appointment of Warrant
Agent.  The Company hereby appoints the Warrant Agent to act as
agent for the Company for the Warrants, and the Warrant Agent hereby accepts
such appointment and agrees to perform the same in accordance with the terms and
conditions set forth in this Agreement.

      

      
        
          
          

        

        
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      2.           Warrants.

      

      2.1.        Form of
Warrant.  Each Warrant shall be issued in registered form only,
shall be in substantially the form of Exhibit A hereto, the provisions of which
are incorporated herein and shall be signed by, or bear the facsimile signature
of, the Chief Executive Officer and Secretary of the Company and shall bear a
facsimile of the Company’s seal. In the event the person whose facsimile
signature has been placed upon any Warrant shall have ceased to serve in the
capacity in which such person signed the Warrant before such Warrant is issued,
it may be issued with the same effect as if he or she had not ceased to be such
at the date of issuance.

      

      2.2.        Effect of
Countersignature.  Unless and until countersigned by the
Warrant Agent pursuant to this Agreement, a Warrant shall be invalid and of no
effect and may not be exercised by the holder thereof.

      

      2.3.        Registration.

      

      2.3.1.       Warrant
Register.  The Warrant Agent shall maintain books (“Warrant
Register”), for the registration of original issuance and the registration of
transfer of the Warrants.  Upon the initial issuance of the Warrants,
the Warrant Agent shall issue and register the Warrants in the names of the
respective holders thereof in such denominations and otherwise in accordance
with instructions delivered to the Warrant Agent by the Company.

      

      2.3.2.       Registered
Holder.  Prior to due presentment for registration of transfer
of any Warrant, the Company and the Warrant Agent may deem and treat the person
in whose name such Warrant shall be registered upon the Warrant Register
(“registered holder”) as the absolute owner of such Warrant and of each Warrant
represented thereby (notwithstanding any notation of ownership or other writing
on the Warrant Certificate made by anyone other than the Company or the Warrant
Agent), for the purpose of any exercise thereof, and for all other purposes, and
neither the Company nor the Warrant Agent shall be affected by any notice to the
contrary.

      

      
        
          
          

        

        
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      2.4.        Detachability of
Warrants.  The securities comprising the Units will not be
separately transferable until 90 days after the date hereof unless EBC informs
the Company of its decision to allow earlier separate trading, but in no event
will EBC allow separate trading of the securities comprising the Units until the
Company files a Current Report on Form 8-K which includes an audited balance
sheet reflecting the receipt by the Company of the gross proceeds of the Public
Offering including the proceeds received by the Company from the exercise of the
over-allotment option, if the over-allotment option is exercised prior to the
filing of the Form 8-K. Once the Subunits and Warrants commence separate
trading, no fractional Warrants will be issued and only whole warrants will
trade. The Subunits will continue to trade as a Subunit consisting of one
Ordinary Share and one-half of a Warrant until the Company consummates an
initial Business Combination, at which time they will automatically separate and
the Subunits will no longer be outstanding. At such time, every
two one-half Warrants will automatically be combined to form a whole
Warrant and fractional Warrants will no longer exist. Accordingly,
notwithstanding any provision contained in this Warrant Agreement to the
contrary, if at such time a holder holds less than
two one-half Warrants upon consummation by the Company of its initial
Business Combination, the fractional interest in the Warrant shall be
lost.

       

      2.5         Warrant
Attributes.

       

      2.5.1        Insider
Warrants.  The Insider Warrants will be issued in the same form
as the Public Warrants but they (i) will be exercisable either for cash or on a
cashless basis at the holder’s option and (ii) will not be redeemable by the
Company, in either case as long as the Insider Warrants are held by
the initial purchasers thereof or their affiliates.

       

      2.5.2.       EBC/Third Party
Warrants.  The EBC/Third Party Warrants will be issued in the
same form as the Public Warrants, except that the Company will only be able to
call the EBC/Third Party Warrants for redemption on a cash basis with the prior
consent of EBC, provided that the EBC/Third Party Warrants are then held by the
initial purchaser thereof or its affiliates.  In the event that the
Company calls the EBC/Third Party Warrants for redemption on a cashless basis,
the Company will not be required to obtain the prior consent of
EBC.

       

      
        
          
          

        

        
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      2.5.3        Underwriter’s
Warrants.  The Underwriter’s Warrants will be issued in the
same form as the Public Warrants.

      

      3.           Terms and Exercise of
Warrants

      

      3.1.        Warrant
Price.  Each Warrant shall, when countersigned by the Warrant
Agent, entitle the registered holder thereof, subject to the provisions of such
Warrant and of this Warrant Agreement, to purchase from the Company the number
of Ordinary Shares stated therein, at the price of $5.00 per whole share,
subject to the adjustments provided in Section 4 hereof and in the last sentence
of this Section 3.1.  The term “Warrant Price” as used in this Warrant
Agreement refers to the price per share at which Ordinary Shares may be
purchased at the time a Warrant is exercised.  The Company in its sole
discretion may lower the Warrant Price at any time prior to the Expiration
Date.

      

      3.2.        Duration of
Warrants.  A Warrant may be exercised only during the period
(“Exercise Period”) commencing on the later of the consummation by the Company
of a merger, capital stock exchange, asset acquisition or other similar business
combination with an operating company (“Business Combination”) (as described
more fully in the Registration Statement) and ________, 2012, and terminating at
5:00 p.m., New York City time on the earlier to occur of (i) three years from
the consummation of the Business Combination, (ii) the Company’s liquidation of
the Trust Account (as defined in that certain Investment Management Trust
Agreement, dated as of the date hereof, by and between the Company and the
Warrant Agent as trustee thereunder) if the Company has not completed a Business
Combination within the required time periods and (iii) the Redemption Date as
provided in Section 6.2 of this Agreement (“Expiration Date”).  Except
with respect to the right to receive the Redemption Price (as set forth in
Section 6 hereunder), each Warrant not exercised on or before the Expiration
Date shall become void, and all rights thereunder and all rights in respect
thereof under this Agreement shall cease at the close of business on the
Expiration Date.  The Company in its sole discretion may extend the
duration of the Warrants by delaying the Expiration Date.

      

      
        
          
          

        

        
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      3.3.        Exercise of
Warrants.

      

      3.3.1.       Payment.  Subject
to the provisions of the Warrant and this Warrant Agreement,  a
Warrant, when countersigned by the Warrant Agent, may be exercised by the
registered holder thereof by surrendering it, at the office of the Warrant
Agent, or at the office of its successor as Warrant Agent, in the Borough of
Manhattan, City and State of New York, with the subscription form, as set forth
in the Warrant, duly executed, and by paying in full the Warrant Price for each
full Ordinary Share as to which the Warrant is exercised and any and all
applicable taxes due in connection with the exercise of the Warrant, as
follows:

      

      (a)           in good
certified check or good bank draft payable to the order of the Company (or as
otherwise agreed to by the Company);

      

      (b)           in
the event of redemption pursuant to Section 6 hereof in which the Company’s
management has elected to force all holders of Warrants to exercise such
Warrants on a “cashless basis,” by surrendering the Warrants for that number of
Ordinary Shares equal to the quotient obtained by dividing (x) the product of
the number of Ordinary Shares underlying the Warrants, multiplied by the
difference between the Warrant Price and the “Fair Market Value” (defined below)
by (y) the Fair Market Value. Solely for purposes of this Section 3.3.1(b), the
“Fair Market Value” shall mean the average reported last sale price of the
Ordinary Shares for the 5 trading days ending on the third trading day prior to
the date on which the notice of redemption is sent to holders of Warrant
pursuant to Section 6 hereof; or

      

      (c)           with
respect to any Insider Warrants, so long as such Insider Warrants are held by
the initial purchasers thereof or their affiliates, by surrendering the Warrants
for that number of Ordinary Shares equal to the quotient obtained by dividing
(x) the product of the number of Ordinary Shares underlying the Warrants,
multiplied by the difference between the Warrant Price and the “Fair Market
Value” (defined below) by (y) the Fair Market Value. Solely for purposes of this
Section 3.3.1(c), the “Fair Market Value” shall mean the average reported last
sale price of the Ordinary Shares for the 5 trading days ending on the third
trading day prior to the date of exercise.

      

      
        
          
          

        

        
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      3.3.2.       Issuance of
Certificates.  As soon as practicable after the exercise of any
Warrant and the clearance of the funds in payment of the Warrant Price (if cash
is paid), the Company shall issue to the registered holder of such Warrant a
certificate or certificates for the number of full Ordinary Shares to which he
is entitled, registered in such name or names as may be directed by him, her or
it, and if such Warrant shall not have been exercised in full, a new
countersigned Warrant for the number of shares as to which such Warrant shall
not have been exercised.  Notwithstanding the foregoing, the Company
shall not be obligated to deliver any securities pursuant to the exercise of a
Warrant and shall have no obligation to settle such Warrant exercise unless (i)
a registration statement under the Act with respect to the Ordinary Shares is
effective, subject to the Company’s satisfying its obligations under Section 7.4
or (ii) in the opinion of counsel to the Company, the exercise of the Warrants
is exempt from the registration requirements of the Act and such securities are
qualified for sale or exempt from qualification under applicable securities laws
of the states or other jurisdictions in which the registered holders
reside.  In the event that a registration statement with respect to
the Ordinary Shares underlying a Warrant is not effective under the Act, the
holder of such Warrant shall not be entitled to exercise such Warrant and such
Warrant may have no value and expire worthless. In no event will the Company be
required to net cash settle the Warrant exercise.  Warrants may not be
exercised by, or securities issued to, any registered holder in any state in
which such exercise would be unlawful.

      

      3.3.3.       Valid
Issuance.  All Ordinary Shares issued upon the proper exercise
of a Warrant in conformity with this Agreement shall be validly issued, fully
paid and nonassessable.

      

      
        
          
          

        

        
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      3.3.4.       Date of
Issuance.  Each person in whose name any such certificate for
Ordinary Shares is issued shall for all purposes be deemed to have become the
holder of record of such shares on the date on which the Warrant was surrendered
and payment of the Warrant Price was made, irrespective of the date of delivery
of such certificate, except that, if the date of such surrender and payment is a
date when the share transfer books of the Company are closed, such person shall
be deemed to have become the holder of such shares at the close of business on
the next succeeding date on which the share transfer books are
open.

      

      4.           Adjustments.

      

      4.1.           Stock Dividends - Split
Ups.  If after the date hereof, and subject to the provisions
of Section 4.6 below, the number of outstanding Ordinary Shares is increased by
a stock dividend payable in Ordinary Shares, or by a split up of Ordinary
Shares, or other similar event, then, on the effective date of such stock
dividend, split up or similar event, the number of Ordinary Shares issuable on
exercise of each Warrant shall be increased in proportion to such increase in
outstanding Ordinary Shares.

      

      4.2.           Aggregation of
Shares.  If after the date hereof, and subject to the
provisions of Section 4.6, the number of outstanding Ordinary Shares is
decreased by a consolidation, combination, reverse stock split or
reclassification of Ordinary Shares or other similar event, then, on the
effective date of such consolidation, combination, reverse stock split,
reclassification or similar event, the number of Ordinary Shares issuable on
exercise of each Warrant shall be decreased in proportion to such decrease in
outstanding Ordinary Shares.

      

      4.3           Adjustments in Exercise
Price.  Whenever the number of Ordinary Shares purchasable upon
the exercise of the Warrants is adjusted as provided in Section 4.1 and 4.2
above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying
such Warrant Price immediately prior to such adjustment by a fraction (x) the
numerator of which shall be the number of Ordinary Shares purchasable upon the
exercise of the Warrants immediately prior to such adjustment, and (y) the
denominator of which shall be the number of Ordinary Shares so purchasable
immediately thereafter.

      

      
        
          
          

        

        
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      4.4.           Replacement of Securities
upon Reorganization, etc.  In the event of the exercise of this
Warrant for Ordinary Shares after any reclassification or reorganization of the
outstanding Ordinary Shares (other than a change covered by Section 4.1 or 4.2
hereof or that solely affects the par value of such Ordinary Shares), or any
merger or consolidation of the Company with or into another corporation (other
than a consolidation or merger in which the Company is the continuing
corporation and that does not result in any reclassification or reorganization
of the outstanding Ordinary Shares), or any sale or conveyance to another
corporation or entity of the assets or other property of the Company as an
entirety or substantially as an entirety in connection with which the Company is
dissolved, the Warrant holders shall thereafter have the right to receive, in
lieu of the Ordinary Shares of the Company receivable upon the exercise of the
rights represented hereby, the kind and amount of shares or other securities or
property (including cash) (the “Reorganization Consideration”) receivable upon
such reclassification, reorganization, merger or consolidation, or upon a
dissolution following any such sale or transfer, that the Warrant holder would
have received if such Warrant holder had exercised his, her or its Warrant(s)
immediately prior to such event; and if any reclassification also results in a
change in Ordinary Shares covered by Section 4.1 or 4.2, then such adjustment
shall be made pursuant to Sections 4.1, 4.2, 4.3 and this Section
4.4.  The provisions of this Section 4.4 shall similarly apply to
successive reclassifications, reorganizations, mergers or consolidations, sales
or other transfers.  For the purposes of clarity, a Warrant holder
must exercise the Warrant to receive the Reorganization Consideration, and the
Warrants may not be net cash settled.

      

      4.5.           Split-Ups. If after
the date hereof, and subject to the provisions of Section 4.6 below, the number
of outstanding Ordinary Shares is increased by a share dividend payable in
Ordinary Shares, or by a split-up of Ordinary Shares or other similar event,
then, on the effective date of such share dividend, split-up or similar event,
the number of Ordinary Shares issuable on exercise of each Warrant shall be
increased in proportion to such increase in the outstanding Ordinary Shares. A
rights offering to all holders of the Ordinary Shares entitling holders to
purchase Ordinary Shares at a price less than the “Fair Market Value” (as
defined below) shall be deemed a share dividend of a number of Ordinary Shares
equal to the product of (i) the number of Ordinary Shares actually sold in such
rights offering (or issuable under any other equity securities actually sold in
such rights offering that are convertible into or exercisable for the Ordinary
Shares) multiplied by (ii) the quotient of (x) the Fair Market Value less the
price per share of the Ordinary Shares paid in such rights offering divided by
(y) the Fair Market Value.

      

      
        
          
          

        

        
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      4.6           Extraordinary
Dividends.  If the Company, at any time while the Warrants (or
rights to purchase the Warrants) are outstanding and unexpired, shall pay a
dividend or make a distribution in cash, securities or other assets to the
holders of the Ordinary Shares on account of such Ordinary Shares (or other
shares of the Company’s capital stock into which the Warrants are convertible),
other than (a) as described in subsection 4.1 above, (b) Ordinary Cash Dividends
(as defined below), (c) to satisfy the redemption rights of the holders of the
Ordinary Shares in connection with a proposed initial Business Combination, (d)
as a result of the repurchase of Ordinary Shares by the Company in connection
with an initial Business Combination or (e) in connection with the redemption of
the Company’s shareholders or liquidation and the
distribution of its assets upon its failure to consummate a Business Combination
(any such non-excluded event being referred to herein as an “Extraordinary
Dividend”), then the Warrant Price shall be decreased, effective immediately
after the effective date of such Extraordinary Dividend, by the amount of cash
and the fair market value (as determined by the Company’s board of directors, in
good faith) of any securities or other assets paid on each share of the Ordinary
Shares in respect of such Extraordinary Dividend. For purposes of this
subsection 4.6, “Ordinary Cash Dividends” means any cash dividend or cash
distribution which, when combined on a per share of the Ordinary Shares basis,
with the per share amounts of all other cash dividends and cash distributions
paid on the Ordinary Shares during the 365-day period ending on the date of
declaration of such dividend or distribution (as adjusted to appropriately
reflect any of the events referred to in other subsections of this Section 4 and
excluding cash dividends or cash distributions that resulted in an adjustment to
the Warrant Price or to the number of Ordinary Shares issuable on exercise of
each Warrant) does not exceed $0.30 (being 5% of the offering price of the Units
in the Offering).

      

      
        
          
          

        

        
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      4.7           Aggregation of
Shares.  If after the date hereof, and subject to the provisions of
Section 4.6, the number of outstanding Ordinary Shares is decreased by a
consolidation, combination, reverse stock split or reclassification of Ordinary
Shares or other similar event, then, on the effective date of such
consolidation, combination, reverse stock split, reclassification or similar
event, the number of Ordinary Shares issuable on exercise of each Warrant shall
be decreased in proportion to such decrease in outstanding Ordinary
Shares.

      

      4.8           Adjustments in Warrant Price
and Redemption Threshold.  Whenever the number of Ordinary Shares
purchasable upon the exercise of the Warrants is adjusted, as provided in
subsection 4.1 and 4.2 above, the Warrant Price shall be adjusted (to the
nearest cent, but in no case below the par value of the shares) by multiplying
such Warrant Price immediately prior to such adjustment by a fraction (x) the
numerator of which shall be the number of Ordinary Shares purchasable upon the
exercise of the Warrants immediately prior to such adjustment, and (y) the
denominator of which shall be the number of Ordinary Shares so purchasable
immediately thereafter.  Whenever the Warrant Price is adjusted, the
Redemption Threshold (as defined below) shall be adjusted to equal 170% of the
Warrant Price.  “Redemption Threshold” shall initially mean
$8.50.

      

      4.9           Notices of Changes in
Warrant.  Upon every adjustment of the Warrant Price or the
number of shares issuable upon exercise of a Warrant, the Company shall give
written notice thereof to the Warrant Agent, which notice shall state the
Warrant Price resulting from such adjustment and the increase or decrease, if
any, in the number of shares purchasable at such price upon the exercise of a
Warrant, setting forth in reasonable detail the method of calculation and the
facts upon which such calculation is based.  Upon the occurrence of
any event specified in Sections 4.1, 4.2, 4.3 or 4.4, then, in any such event,
the Company shall give written notice to each Warrant holder, at the last
address set forth for such holder in the warrant register, of the record date or
the effective date of the event.  Failure to give such notice, or any
defect therein, shall not affect the legality or validity of such
event.

      

      
        
          
          

        

        
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      4.10.        No Fractional
Shares.  Notwithstanding any provision contained in this
Warrant Agreement to the contrary, the Company shall not issue fractional shares
upon exercise of Warrants.  If, by reason of any adjustment made
pursuant to this Section 4, the holder of any Warrant would be entitled, upon
the exercise of such Warrant, to receive a fractional interest in a share, the
Company shall, upon such exercise, round down to the nearest whole number the
number of the Ordinary Shares to be issued to the Warrant holder.

      

      4.11.        Form of
Warrant.  The form of Warrant need not be changed because of
any adjustment pursuant to this Section 4, and Warrants issued after such
adjustment may state the same Warrant Price and the same number of shares as is
stated in the Warrants initially issued pursuant to this
Agreement.  However, the Company may at any time in its sole
discretion make any change in the form of Warrant that the Company may deem
appropriate and that does not affect the substance thereof, and any Warrant
thereafter issued or countersigned, whether in exchange or substitution for an
outstanding Warrant or otherwise, may be in the form as so changed.

      

      4.12         Other
Events.  In case any event shall occur affecting the Company as
to which none of the provisions of preceding subsections of this Section 4 are
strictly applicable, but which would require an adjustment to the terms of the
Warrants in order to effectuate the intent and purpose of this Section 4, then,
in each such case, the Company shall appoint a firm of independent public
accountants, investment banking or other appraisal firm of recognized national
standing which shall give their opinion as to whether or not any adjustment to
the rights represented by the Warrants is necessary to effectuate the intent and
purpose of this Section 4 and, if they determine that an adjustment is
necessary, the terms of such adjustment.  The Company shall adjust the
terms of the Warrants in a manner that is consistent with any adjustment
recommended in such opinion.  Without limiting any other remedies
provided by this Agreement, at law or in equity, a Warrant holder shall have the
right to bring an action for specific performance to enforce the provisions of
this Section 4.

      

      
        
          
          

        

        
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      5.           Transfer and Exchange of
Warrants.

      

      5.1.           Registration of
Transfer.  The Warrant Agent shall register the transfer, from
time to time, of any outstanding Warrant upon the Warrant Register, upon
surrender of such Warrant for transfer, properly endorsed with signatures
properly guaranteed and accompanied by appropriate instructions for
transfer.  Upon any such transfer, a new Warrant representing an equal
aggregate number of Warrants shall be issued and the old Warrant shall be
cancelled by the Warrant Agent.  The Warrants so cancelled shall be
delivered by the Warrant Agent to the Company from time to time upon
request.

      

      5.2.           Procedure for Surrender of
Warrants.  Warrants may be surrendered to the Warrant Agent,
together with a written request for exchange or transfer, and thereupon the
Warrant Agent shall issue in exchange therefor one or more new Warrants as
requested by the registered holder of the Warrants so surrendered, representing
an equal aggregate number of Warrants; provided, however, that in the event that
a Warrant surrendered for transfer bears a restrictive legend, the Warrant Agent
shall not cancel such Warrant and issue new Warrants in exchange therefor until
the Warrant Agent has received an opinion of counsel for the Company stating
that such transfer may be made and indicating whether the new Warrants must also
bear a restrictive legend.

      

      5.3.           Fractional
Warrants.  The Warrant Agent shall not be required to effect
any registration of transfer or exchange which will result in the issuance of a
warrant certificate for a fraction of a warrant.

      

      5.4.           Service
Charges.  No service charge shall be made for any exchange or
registration of transfer of Warrants.

      

      
        
          
          

        

        
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      5.5.           Warrant Execution and
Countersignature.  The Warrant Agent is hereby authorized to
countersign and to deliver, in accordance with the terms of this Agreement, the
Warrants required to be issued pursuant to the provisions of this Section 5, and
the Company, whenever required by the Warrant Agent, will supply the Warrant
Agent with Warrants duly executed on behalf of the Company for such
purpose.

      

      6.           Redemption.

      

      6.1.           Redemption.  Subject
to Sections 6.4 and 6.5 hereof, the Warrants may be redeemed, at the option of
the Company, at any time while they are exercisable and prior to their
expiration, at the office of the Warrant Agent, upon the notice referred to in
Section 6.2, at the price of $.01 per Warrant (“Redemption Price”), provided
that the reported last sales price of the Ordinary Shares has been at least
$8.50 per share (subject to adjustment in accordance with Section 4 hereof), on
each of 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.

      

      6.2.           Date Fixed for, and Notice
of, Redemption.  In the event the Company shall elect to redeem
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.

      

      6.3.           Exercise After Notice of
Redemption.  The Warrants may be exercised, for cash (or on a
“cashless basis” in accordance with Section 3 of this Agreement) at any time
after notice of redemption shall have been given by the Company pursuant to
Section 6.2 hereof and prior to the Redemption Date.  In the event the
Company determines to require all holders of Warrants to exercise their Warrants
on a “cashless basis” pursuant to Section 3, the notice of redemption will
contain the information necessary to calculate the number of Ordinary Shares to
be received upon exercise of the Warrants, including the “Fair Market Value” in
such case. On and after the Redemption Date, the record holder of the Warrants
shall have no further rights except to receive, upon surrender of the Warrants,
the Redemption Price.

      

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

         

      

      6.4          Outstanding Warrants
Only. The Company understands that the redemption rights provided by this
Section 6 apply only to outstanding Warrants. To the extent a person holds
rights to purchase Warrants, such purchase rights shall not be extinguished by
redemption of the Warrants by the Company. However, once such purchase rights
are exercised, the Company may redeem the Warrants issued upon such exercise,
provided that the criteria for redemption are met, including the opportunity of
the Warrant holder to exercise its Warrants prior to redemption pursuant to
Section 6.3.

      

      The
provisions of this Section 6.4 may not be modified, amended or deleted without
the prior written consent of EBC.

      

      6.5         
Exclusion of Warrant
Offering Warrants.

          

      (a)           The
Company understands and acknowledges that the redemption rights provided for by
this Section 6 do not apply to the Insider Warrants if at the time of redemption
such warrants continue to be held by the initial purchasers thereof or their
permitted assigns.  However, once such Insider Warrants are
transferred other than to any permitted assign, the Company may redeem the
Insider Warrants, provided that the criteria for redemption are met, including
the opportunity of the Warrant holder to exercise prior to redemption pursuant
to Section 6.3.

      

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

         

      

      (b)           The
Company understands and acknowledges that the Company will only be able to call
the EBC/Third Party Warrants for redemption on a cash basis with the prior
consent of EBC, provided that the EBC/Third Party Warrants are then held by the
initial purchasers or their affiliates.  However, once such EBC/Third
Party Warrants are transferred other than to their affiliates, the Company will
no longer need the prior consent of EBC.  In the event that the
Company calls the EBC/Third Party Warrants for redemption on a cashless basis,
the Company will not be required to obtain the prior consent of
EBC.

       

      7.           Other Provisions Relating to
Rights of Holders of Warrants.

      

      7.1.           No Rights as
Shareholder.  A Warrant does not entitle the registered holder
thereof to any of the rights of a shareholder of the Company, including, without
limitation, the right to receive dividends, or other distributions, exercise any
preemptive rights to vote or to consent or to receive notice as shareholders in
respect of the meetings of shareholders or the election of directors of the
Company or any other matter.

      

      7.2.           Lost, Stolen, Mutilated, or
Destroyed Warrants.  If any Warrant is lost, stolen, mutilated,
or destroyed, the Company and the Warrant Agent may on such terms as to
indemnity or otherwise as they may in their discretion impose (which shall, in
the case of a mutilated Warrant, include the surrender thereof), issue a new
Warrant of like denomination, tenor, and date as the Warrant so lost, stolen,
mutilated, or destroyed.  Any such new Warrant shall constitute a
substitute contractual obligation of the Company, whether or not the allegedly
lost, stolen, mutilated, or destroyed Warrant shall be at any time enforceable
by anyone.

      

      7.3.           Reservation of Ordinary
Shares.  The Company shall at all times reserve and keep
available a number of its authorized but unissued Ordinary Shares that will be
sufficient to permit the exercise in full of all outstanding Warrants issued
pursuant to this Agreement.

      

      
        
          
          

        

        
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      7.4.           Registration of Ordinary
Shares.  The Company agrees that prior to the commencement of
the Exercise Period, it shall use its best efforts to file with the Securities
and Exchange Commission a post-effective amendment to the Registration
Statement, or a new registration statement, for the registration, under the Act,
of, and it shall use its best efforts to take such action as is necessary to
qualify for sale, in those states in which the Warrants were initially offered
by the Company, the Ordinary Shares issuable upon exercise of the
Warrants.  In either case, the Company will use its best efforts to
cause the same to become effective and to maintain the effectiveness of such
registration statement until the expiration of the Warrants in accordance with
the provisions of this Agreement.  In addition, the Company agrees to
use its best efforts to register such securities under the blue sky laws of the
states of residence of the existing warrant holders to the extent an exemption
is not available.

      

      8.           Concerning the Warrant Agent
and Other Matters.

      

      8.1.           Payment of
Taxes.  The Company will from time to time promptly pay all
taxes and charges that may be imposed upon the Company or the Warrant Agent in
respect of the issuance or delivery of Ordinary Shares upon the exercise of
Warrants, but the Company shall not be obligated to pay any transfer taxes in
respect of the Warrants or such shares.

      

      
        
          
          

        

        
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      8.2.        Resignation, Consolidation,
or Merger of Warrant Agent.

      

      8.2.1.       Appointment of Successor
Warrant Agent.  The Warrant Agent, or any successor to it
hereafter appointed, may resign its duties and be discharged from all further
duties and liabilities hereunder after giving sixty (60) days’ notice in writing
to the Company.  If the office of the Warrant Agent becomes vacant by
resignation or incapacity to act or otherwise, the Company shall appoint in
writing a successor Warrant Agent in place of the Warrant Agent.  If
the Company shall fail to make such appointment within a period of 30 days after
it has been notified in writing of such resignation or incapacity by the Warrant
Agent or by the holder of the Warrant (who shall, with such notice, submit his
Warrant for inspection by the Company), then the holder of any Warrant may apply
to the Supreme Court of the State of New York for the County of New York for the
appointment of a successor Warrant Agent at the Company’s cost.  Any
successor Warrant Agent, whether appointed by the Company or by such court,
shall be a corporation organized and existing under the laws of the State of New
York, in good standing and having its principal office in the Borough of
Manhattan, City and State of New York, and authorized under such laws to
exercise corporate trust powers and subject to supervision or examination by
federal or state authority.  After appointment, any successor Warrant
Agent shall be vested with all the authority, powers, rights, immunities,
duties, and obligations of its predecessor Warrant Agent with like effect as if
originally named as Warrant Agent hereunder, without any further act or deed;
but if for any reason it becomes necessary or appropriate, the predecessor
Warrant Agent shall execute and deliver, at the expense of the Company, an
instrument transferring to such successor Warrant Agent all the authority,
powers, and rights of such predecessor Warrant Agent hereunder; and upon request
of any successor Warrant Agent the Company shall make, execute, acknowledge, and
deliver any and all instruments in writing for more fully and effectually
vesting in and confirming to such successor Warrant Agent all such authority,
powers, rights, immunities, duties, and obligations.

      

      8.2.2.       Notice of Successor Warrant
Agent.  In the event a successor Warrant Agent shall be
appointed, the Company shall give notice thereof to the predecessor Warrant
Agent and the transfer agent for the Ordinary Shares not later than the
effective date of any such appointment.

      

      8.2.3.       Merger or Consolidation of
Warrant Agent.  Any corporation into which the Warrant Agent
may be merged or with which it may be consolidated or any corporation resulting
from any merger or consolidation to which the Warrant Agent shall be a party
shall be the successor Warrant Agent under this Agreement without any further
act.

      

      8.3.        Fees and Expenses of Warrant
Agent.

      

      8.3.1.       Remuneration.  The
Company agrees to pay the Warrant Agent reasonable remuneration for its services
as such Warrant Agent hereunder and will reimburse the Warrant Agent upon demand
for all expenditures that the Warrant Agent may reasonably incur in the
execution of its duties hereunder.

      

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

         

      

      8.3.2.       Further
Assurances.  The Company agrees to perform, execute,
acknowledge, and deliver or cause to be performed, executed, acknowledged, and
delivered all such further and other acts, instruments, and assurances as may
reasonably be required by the Warrant Agent for the carrying out or performing
of the provisions of this Agreement.

      

      8.4.        Liability of Warrant
Agent.

      

      8.4.1.       Reliance on Company
Statement.  Whenever in the performance of its duties under
this Warrant Agreement, the Warrant Agent shall deem it necessary or desirable
that any fact or matter be proved or established by the Company prior to taking
or suffering any action hereunder, such fact or matter (unless other evidence in
respect thereof be herein specifically prescribed) may be deemed to be
conclusively proved and established by a statement signed by the President or
Chairman of the Board of the Company and delivered to the Warrant
Agent.  The Warrant Agent may rely upon such statement for any action
taken or suffered in good faith by it pursuant to the provisions of this
Agreement.

      

      8.4.2.       Indemnity.  The
Warrant Agent shall be liable hereunder only for its own gross negligence,
willful misconduct or bad faith.  The Company agrees to indemnify the
Warrant Agent and save it harmless against any and all liabilities, including
judgments, costs and reasonable counsel fees, for anything done or omitted by
the Warrant Agent in the execution of this Agreement except as a result of the
Warrant Agent’s fraud, dishonesty, gross negligence, willful misconduct, or bad
faith.

      

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

         

      

      8.4.3.       Exclusions.  The
Warrant Agent shall have no responsibility with respect to the validity of this
Agreement or with respect to the validity or execution of any Warrant (except
its countersignature thereof); nor shall it be responsible for any breach by the
Company of any covenant or condition contained in this Agreement or in any
Warrant; nor shall it be responsible to make any adjustments required under the
provisions of Section 4 hereof or responsible for the manner, method, or amount
of any such adjustment or the ascertaining of the existence of facts that would
require any such adjustment; nor shall it by any act hereunder be deemed to make
any representation or warranty as to the authorization or reservation of any
Ordinary Shares to be issued pursuant to this Agreement or any Warrant or as to
whether any Ordinary Shares will when issued be valid and fully paid and
nonassessable.

      

      8.5.        Acceptance of
Agency.  The Warrant Agent hereby accepts the agency
established by this Agreement and agrees to perform the same upon the terms and
conditions herein set forth and among other things, shall account promptly to
the Company with respect to Warrants exercised and concurrently account for, and
pay to the Company, all moneys received by the Warrant Agent for the purchase of
Ordinary Shares through the exercise of Warrants.

      

      8.6.        Waiver.  The
Warrant Agent hereby waives any and all right, title, interest or claim of any
kind (“Claim”) in or to any distribution of the Trust Account (as defined in
that certain Investment Management Trust Agreement, dated as of the date hereof,
by and between the Company and the Warrant Agent as trustee thereunder), and
hereby agrees not to seek recourse, reimbursement, payment or satisfaction for
any Claim against the Trust Account for any reason whatsoever.

      

      9.           Miscellaneous
Provisions.

      

      9.1.        Successors.  All
the covenants and provisions of this Agreement by or for the benefit of the
Company or the Warrant Agent shall bind and inure to the benefit of their
respective successors and assigns.

      

      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

         

      

      9.2.        Notices.  Any
notice, statement or demand authorized by this Warrant Agreement to be given or
made by the Warrant Agent or by the holder of any Warrant to or on the Company
shall be sufficiently given when so delivered if by hand or overnight delivery
or if sent by certified mail or private courier service within five days after
deposit of such notice, postage prepaid, addressed (until another address is
filed in writing by the Company with the Warrant Agent), as
follows:

      

      China
VantagePoint Acquisition Company

      465
Brickell Avenue, # 617

      Miami, FL
33131

      Attn:  Chief
Executive Officer

      

      Any
notice, statement or demand authorized by this Agreement to be given or made by
the holder of any Warrant or by the Company to or on the Warrant Agent shall be
sufficiently given when so delivered if by hand or overnight delivery or if sent
by certified mail or private courier service within five days after deposit of
such notice, postage prepaid, addressed (until another address is filed in
writing by the Warrant Agent with the Company), as follows:

      

      Continental
Stock Transfer & Trust Company

      17
Battery Place

      New York,
New York 10004

      Attn:  Compliance
Department

      

      with a
copy in each case to:

       

      Loeb
& Loeb LLP

      345 Park
Avenue

      New York,
NY 10154

      Attn:  Mitchell
S. Nussbaum, Esq.

      

      and

      

      Graubard
Miller

      The
Chrysler Building

      405
Lexington Avenue

      New York,
New York 10174

      Attn:  David
Alan Miller, Esq.

      

      and

      

      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

         

      

      EarlyBirdCapital,
Inc.

      275
Madison Avenue, Suite 1203

      New York,
New York 10016

      Attn:  David
M. Nussbaum, Chairman

      

      9.3.           Applicable
Law.  The validity, interpretation, and performance of this
Agreement and of the Warrants shall be governed in all respects by 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 Company hereby agrees that any action, proceeding
or claim against it arising out of or relating in any way to this Agreement
shall be brought and enforced in the courts of the State of New York or the
United States District Court for the Southern District of New York, and
irrevocably submits to such jurisdiction, which jurisdiction shall be
exclusive.  The Company hereby waives any objection to such exclusive
jurisdiction and that such courts represent an inconvenience
forum.  Any such process or summons to be served upon the Company may
be served by transmitting a copy thereof by registered or certified mail, return
receipt requested, postage prepaid, addressed to it at the address set forth in
Section 9.2 hereof.  Such mailing shall be deemed personal service and
shall be legal and binding upon the Company in any action, proceeding or
claim.

      

      9.4.           Persons Having Rights under
this Agreement.  Nothing in this Agreement expressed and
nothing that may be implied from any of the provisions hereof is intended, or
shall be construed, to confer upon, or give to, any person or corporation other
than the parties hereto and the registered holders of the Warrants and, for the
purposes of Sections 4, 6.4, 7.4 and 9.2 hereof, EBC, any right, remedy, or
claim under or by reason of this Warrant Agreement or of any covenant,
condition, stipulation, promise, or agreement hereof.  EBC shall be
deemed to be a third-party beneficiary of this Agreement with respect to
Sections 4, 6.4, 7.4 and 9.2 hereof.  All covenants, conditions,
stipulations, promises, and agreements contained in this Warrant Agreement shall
be for the sole and exclusive benefit of the parties hereto  (and EBC
with respect to Sections 4, 6.4, 7.4 and 9.2 hereof) and their successors and
assigns and of the registered holders of the Warrants.

      

      
        
          
          

        

        
          22

          
            

          

        

        
          
          

        

         

      

      9.5.           Examination of the Warrant
Agreement.  A copy of this Agreement shall be available at all
reasonable times at the office of the Warrant Agent in the Borough of Manhattan,
City and State of New York, for inspection by the registered holder of any
Warrant.  The Warrant Agent may require any such holder to submit his
Warrant for inspection by it.

      

      9.6.           Counterparts.  This
Agreement may be executed in any number of original or facsimile counterparts
and each of such counterparts shall for all purposes be deemed to be an
original, and all such counterparts shall together constitute but one and the
same instrument.

      

      9.7.           Effect of
Headings.  The Section headings herein are for convenience only
and are not part of this Warrant Agreement and shall not affect the
interpretation thereof.

      

      9.8           
Amendments.  This
Agreement may be amended by the parties hereto without the consent of any
registered holder for the purpose of curing any ambiguity, or of curing,
correcting or supplementing any defective provision contained herein or adding
or changing any other provisions with respect to matters or questions arising
under this Agreement as the parties may deem necessary or desirable and that the
parties deem shall not adversely affect the interest of the registered
holders.  All other modifications or amendments, including any
amendment to increase the Warrant Price or shorten the Exercise Period, shall
require the consent of the registered holders of a majority of the then
outstanding Warrants, either in writing or pursuant to a meeting of the Warrant
holders.  Notwithstanding the foregoing, the Company may lower the
Warrant Price or extend the duration of the Exercise Period pursuant to Sections
3.1 and 3.2, respectively, without the consent of the registered
holders.

       

      
        
           

        

        
          23

          
            

          

        

        
           

        

      
 

      IN WITNESS WHEREOF, this Agreement has
been duly executed by the parties hereto as of the day and year first above
written.

       

      
        
          
            
              	
                      CHINA
      VANTAGEPOINT ACQUISITION

                    
	
                      COMPANY

                    
	 
      	 
      
	
                      By:

                    	 
        
	 
      	
                      Name:

                    
	 
      	
                      Title:

                    
	 
      	 
      
	
                      CONTINENTAL
      STOCK TRANSFER

                    
	
                        &
      TRUST COMPANY

                    
	 
      	 
      
	
                      By:

                    	  
      
	 
      	
                      Name:

                    
	 
      	
                      Title:

                    

            

          

        

      

       

      
        
           

        

        
          24INVESTMENT
MANAGEMENT TRUST AGREEMENT

     

    This
INVESTMENT MANAGEMENT TRUST AGREEMENT (this “Agreement”) is made
as of [●], 2011 by and between China VantagePoint Acquisition Company, its
principal place of business at 465 Brickell Avenue, #617, Miami, FL 33131, (the
“Company”) and
Continental Stock Transfer & Trust Company located at 17 Battery Place, New
York, New York 10004 (the “Trustee”).

     

    WHEREAS,
the Company’s Registration Statement on Form S−1, No. 333-170006 (the “Registration
Statement”), relating to the Company’s initial public offering of
securities (“IPO”) has been
declared effective as of the date hereof by the Securities and Exchange
Commission (the “Effective
Date”);

     

    WHEREAS,
EarlyBirdCapital, Inc. is acting as the underwriter (the “Underwriter”) in the
IPO;

     

    WHEREAS,
the Company will complete a public offering of an aggregate of
2,642,856 warrants at a price of $0.35 per warrant (the “Warrant Offering”) immediately prior
to with the completion of the IPO; and

     

    WHEREAS,
as described in the Registration Statement, and in accordance with the Company’s
Amended and Restated Memorandum and Articles of Association, an aggregate of
$15,000,000 of the net proceeds of the IPO and the Warrant Offering ($17,171,250
if the Underwriter’s over-allotment option is exercised in full), will be
delivered to the Trustee to be deposited and held in a trust account for the
benefit of the Company and the holders of the Company’s ordinary shares, par
value $0.001, issued in the IPO.  The amount to be delivered to the
Trustee will be referred to herein as the “Property,” and the
parties for whose benefit the Trustee shall hold the Property will be referred
to together with the Company as the “Beneficiaries”;
and

     

    WHEREAS,
the Company and the Trustee desire to enter into this Agreement to set forth the
terms and conditions pursuant to which the Trustee shall hold the
Property.

     

    NOW,
THEREFORE, in consideration of the premises herein contained and other good and
valuable consideration, the sufficiency of which is hereby acknowledged, the
parties agree as follows:

     

    1.     Agreement
and Covenants of Trustee

     

    The
Trustee hereby agrees and covenants to:

     

    (a)  Hold the
Property in trust for the Beneficiaries in accordance with the terms of this
Agreement in a segregated trust account (the “Trust Account”)
established by the Trustee at a branch of CitiBank, N.A.;

     

    (b)  Manage,
supervise and administer the Trust Account subject to the terms and conditions
set forth herein;

     

    (c)  In
a timely manner, upon the instruction of the Company, to invest and reinvest the
Property in United States “government securities” within the meaning of Section
2(a)(16) of the Investment Company Act of 1940 having a maturity of 180 days or
less and/or in any open ended investment company registered under the Investment
Company Act of 1940 that holds itself out as a money market fund, selected by
the Company meeting the conditions of Rule 2a-7 promulgated under the Investment
Company Act of 1940;

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (d)  Collect
and receive, when due, all principal and income arising from the Property, which
shall become part of the Property, as such term is used herein;

     

    (e)  Promptly
notify the Company of all communications received by it with respect to any
Property requiring action by the Company;

     

    (f) 
 Supply any necessary information or documents as may be requested by the
Company in connection with the Company’s preparation of its tax
returns;

     

    (g)  Participate
in any plan or proceeding for protecting or enforcing any right or interest
arising from the Property if, as and when instructed and suitably indemnified by
the Company and/or the Underwriter to do so, in the sole discretion of the
Trustee;

     

    (h)  Render
to the Company, and to such other person as the Company may instruct, monthly
written statements of the activities of and amounts in the Trust Account
reflecting all receipts and disbursements of the Trust Account;

     

    (i)   Commence
liquidation of the Trust Account only after receipt of and only in accordance
with the terms of a letter (the “Termination Letter”),
in a form substantially similar to that attached hereto as either Exhibit A or
Exhibit B, signed on behalf of the Company by its Chief Executive Officer or
Chairman or other authorized officer, and complete the liquidation of the Trust
Account and distribute the Property in the Trust Account only as directed in the
Termination Letter and the other documents referred to therein (including the
“Instruction Letter” from the Company and the Underwriter with respect to the
transfer of the funds held in the Trust Account upon consummation of a Business
Combination); provided, however, that in the event that a Termination Letter has
not been received by the Trustee by the 18-month anniversary of the closing
(“Closing”) of the IPO (“First Date”), or the 24-month anniversary of the
Closing (“Last Date”) in the event that a definitive agreement for a Business
Combination has been executed on or prior to the First Date but the Business
Combination has not been consummated by the Last Date, the Trust Account shall
be liquidated in accordance with the procedures set forth in the Termination
Letter attached as Exhibit B hereto and distributed to the stockholders of
record, other than with regard to the shares issued prior to the IPO, on the
Last Date; and

     

    (j)   Distribute
the funds as directed in any Tax Disbursement Letter, Disbursement Letter or
Repurchase Notification Letter (each as defined in paragraph 3(c)
below).

     

    It is
agreed that the Trustee shall be entitled to reasonable compensation for acting
a paying agent under section (i), (j) and the Trustee is relieved of any
liability resulting from following the payment instructions of the
Company.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    2.      Agreements
and Covenants of the Company

     

    The
Company hereby agrees and covenants to:

    (a)  Give
all instructions to the Trustee hereunder in writing, signed by the Company’s
Chief Executive Officer.  In addition, except with respect to its
duties under paragraph 1(i) above, the Trustee shall be entitled to rely on, and
shall be protected in relying on, any verbal or telephonic advice or instruction
which it in good faith believes to be given by any one of the persons authorized
above to give written instructions, provided that the Company shall promptly
confirm such instructions in writing;

     

    (b)  Subject
to the provisions of Section 6(h) of this Agreement, hold the Trustee harmless
and indemnify the Trustee from and against any and all expenses, including
reasonable counsel fees and disbursements, or loss suffered by the Trustee in
connection with any action, suit or other proceeding brought against the Trustee
involving any claim, or in connection with any claim or demand which in any way
arises out of or relates to this Agreement, the services of the Trustee
hereunder, or the Property or any income earned from investment of the Property,
except for expenses and losses resulting from the Trustee’s gross negligence or
willful misconduct.  Promptly after the receipt by the Trustee of
notice of demand or claim or the commencement of any action, suit or proceeding,
pursuant to which the Trustee intends to seek indemnification under this
paragraph, it shall notify the Company in writing of such claim (hereinafter
referred to as the “Indemnified
Claim”).  The Trustee shall have the right to conduct and
manage the defense against such Indemnified Claim, provided, that the Trustee
shall obtain the consent of the Company with respect to the selection of
counsel, which consent shall not be unreasonably withheld.  The
Company may participate in such action with its own counsel;

     

    (c)  Pay
the Trustee an initial acceptance fee, an annual fee and a transaction
processing fee for each disbursement made pursuant to Sections
3(a),  3(b) and 3(c) as set forth on Schedule A hereto, which fees
shall be subject to modification by the parties from time to time.  It
is expressly understood that the Property shall not be used to pay such fees and
further agreed that said transaction processing fees shall be deducted by the
Trustee from the disbursements made to the Company pursuant to Section
2(b).  The Company shall pay the Trustee the initial acceptance fee
and first year’s fee at the consummation of the IPO and thereafter on the
anniversary of the Effective Date. The Trustee shall refund to the Company the
annual fee (on a pro rata basis) with respect to any period after the
liquidation of the Trust Fund.  The Company shall not be responsible
for any other fees or charges of the Trustee except as set forth in this Section
3(c) and as may be provided in Section 3(b) hereof (it being expressly
understood that the Property shall not be used to make any payments to the
Trustee under such Sections).

     

    (d)  In
connection with any vote of the Company’s shareholders regarding a Business
Combination, provide to the Trustee an affidavit or certificate of a firm
regularly engaged in the business of soliciting proxies and tabulating
stockholder votes (which firm may be the Trustee) verifying the vote of the
Company’s stockholders regarding such Initial Business Combination;

     

    (e)  In
all cases, provide the Underwriter with a copy of any Termination Letters and/or
any other correspondence that it sends to the Trustee with respect to any
proposed withdrawal from the Trust Account promptly after it issues the same;
and

     

    3.    Limited
Distribution of Income and Trust Account Property.

     

    (a)  Upon
written request from the Company, which may be given from time to time in a form
substantially similar to that attached hereto as Exhibit C (a “Tax Disbursement
Letter”), the Trustee shall distribute to the Company interest earned on
the Property in an amount necessary to cover any income tax obligation owed by
the Company;

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (b)  Upon
written request from the Company, which may be given from time to time in a form
substantially similar to that attached hereto as Exhibit D (a “Disbursement
Letter”), the Trustee shall distribute to the Company interest earned on
the Property in an amount requested by the Company to cover expenses related to
investigating and selecting a target business and other working capital
requirements; provided, however, that the Company will not be allowed to
withdraw interest income earned on the Trust Account unless there are sufficient
funds available to pay the Company’s tax obligations on such interest income or
otherwise then due at that time; and

     

    (c)  Pursuant
to the Company’s 10b5-1 Plan, upon written request from the Company, which may
be given from time to time commencing 61 days after the date hereof and ending
on the date immediately prior to (i) the date on which a vote is held to approve
a proposed Business Combination or (ii) the commencement of a tender offer in
connection with a proposed Business Combination, in a form substantially similar
to that attached as Exhibit E (a “Repurchase Notification
Letter”), the Trustee shall distribute to the Company the amount
necessary for it to purchase up to 1,250,000 subunits (or up to 1,437,500
subunits if the over-allotment option in the IPO is exercised in full (in either
case, such amount being referred to as the “Maximum Amount”)), at
prices (including commissions) not to exceed $5.70 per share (such price being
referred to as the “Maximum Price”). It
is agreed that the Trustee shall be entitled to reasonable compensation for
acting a tender agent and/or paying agent under this section and the Trustee is
relieved of any liability resulting from following the instruction of the
Company in connection therewith.; and

     

    (d)  The
limited distributions referred to in paragraphs 3(a) and 3(b) above shall
be made only from interest and any other income collected on the Property.
Except as provided in paragraphs 3(a), 3(b) and 3(c) above, no other
distributions from the Trust Account shall be permitted except in accordance
with paragraph 1(i) hereof.

     

    4.     Limitations
of Liability.

     

    The
Trustee shall have no responsibility or liability to:

     

    (a)  take
any action with respect to the Property, other than as directed in
paragraphs 1 and 3 hereof and the Trustee shall have no liability to any
party except for liability arising out of its own gross negligence or willful
misconduct;

     

    (b)  institute
any proceeding for the collection of any principal and income arising from, or
institute, appear in or defend any proceeding of any kind with respect to, any
of the Property unless and until it shall have received written instructions
from the Company given as provided herein to do so and the Company shall have
advanced or guaranteed to it funds sufficient to pay any expenses incident
thereto;

     

    (c)   change
the investment of any Property, other than in compliance with paragraph
1(c);

     

    (d)  refund
any depreciation in principal of any Property;

     

    (e)   assume
that the authority of any person designated by the Company to give instructions
hereunder shall not be continuing unless provided otherwise in such designation,
or unless the Company shall have delivered a written revocation of such
authority to the Trustee;

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (f)   the
other parties hereto or to anyone else for any action taken or omitted by it, or
any action suffered by it to be taken or omitted, in good faith and in the
exercise of its own best judgment, except for its gross negligence or willful
misconduct.  The Trustee may rely conclusively and shall be protected
in acting upon any order, notice, demand, certificate, opinion or advice of
counsel (including counsel chosen by the Trustee, which may be issuer’s
counsel), statement, instrument, report or other paper or document (not only as
to its due execution and the validity and effectiveness of its provisions, but
also as to the truth and acceptability of any information therein contained)
which is believed by the Trustee, in good faith, to be genuine and to be signed
or presented by the proper person or persons.  The Trustee shall not
be bound by any notice or demand, or any waiver, modification, termination or
rescission of this Agreement or any of the terms hereof, unless evidenced by a
written instrument delivered to the Trustee signed by the proper party or
parties and, if the duties or rights of the Trustee are affected, unless it
shall give its prior written consent thereto;

     

    (g)  verify
the correctness of the information set forth in the Registration Statement or to
confirm or assure that any acquisition made by the Company or any other action
taken by it is as contemplated by the Registration Statement;

     

    (h)  subject
to the requirements of paragraph 3 of this Agreement, pay any taxes on behalf of
the Trust Account to any governmental entity or taxing authority;

     

    (i)    file
local, state and/or Federal tax returns or information returns with any taxing
authority on behalf of the Trust Account and payee statements with the Company
documenting the taxes, if any, payable by the Company or the Trust Account,
relating to the income earned on the Property.

     

    (j)    pay
any taxes on behalf of the Trust Account (it being expressly understood that the
Property shall not be used to pay any such taxes and that such taxes, if any,
shall be paid by the Company from funds not held in the Trust Account or from
income earned on the Trust Account).

     

    (k)   imply
obligations, perform duties, inquire or otherwise be subject to the provisions
of any agreement or document other than this Agreement and that which is
expressly set forth herein.

     

    (l)    verify
calculations, qualify or otherwise approve Company requests for distributions
pursuant to Sections 1(i), 1(j), 3(a), 3(b) or 3(c) above..

     

    5.      Termination.

     

    This
Agreement shall terminate as follows:

     

    (a)   If
the Trustee gives written notice to the Company that it desires to resign under
this Agreement, the Company shall use its reasonable efforts to locate a
successor trustee during which time the Trustee shall act in accordance with
this Agreement.  At such time that the Company notifies the Trustee
that a successor trustee has been appointed by the Company and has agreed to
become subject to the terms of this Agreement, the Trustee shall transfer the
management of the Trust Account to the successor trustee, including but not
limited to the transfer of copies of the reports and statements relating to the
Trust Account, whereupon this Agreement shall terminate; provided, however,
that, in the event that the Company does not locate a successor trustee within
ninety days of receipt of the resignation notice from the Trustee, the Trustee
may submit an application to have the Property deposited with the United States
District Court for the Southern District of New York and upon such deposit, the
Trustee shall be immune from any liability; or

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (b)  At
such time that the Trustee has completed the liquidation of the Trust Account in
accordance with the provisions of paragraph 1(i) hereof, and distributed the
Property in accordance with the provisions of the Termination Letter, this
Agreement shall terminate except with respect to paragraph 2(b); or

     

    (c)   If, upon obtaining the prior consent of
EarlyBirdCapital, Inc., the Company may give written notice to the Trustee that
it desires to terminate this Agreement and appoint a successor
trustee.  At such time that the Company notifies the Trustee
that it desires to terminate this Agreement and appoint a successor trustee, the
Trustee shall transfer the management of the Trust Account to the successor
trustee, including but not limited to the transfer of copies of the reports and
statements relating to the Trust Account, whereupon this Agreement shall
terminate.  In addition, it is understood and agreed that applicable
termination fees at the Trustee’s prevailing rates and all expenses incurred by
the Trustee in connection with this transaction shall be payable and
reimbursable to the Trustee, and the Company shall pay the Trustee said amounts
upon demand.  It being expressly understood that the Property shall
not be used to pay such fees.

     

    6.      Miscellaneous.

     

    (a)   The Company and the Trustee each
acknowledge that the Trustee will follow the security procedures set forth below
with respect to funds transferred from the Trust Account. The Company and the
Trustee will each restrict access to confidential information relating to such
security procedures to authorized persons. Each party must notify the other
party immediately if it has reason to believe unauthorized persons may have
obtained access to such confidential information, or of any change in its
authorized personnel. In executing funds transfers, the Trustee will rely
upon all information supplied to
it by the Company, including, account names, account numbers, and all other identifying
information relating to a
Beneficiary, Beneficiary’s bank or intermediary bank. Except for any liability arising out
of the Trustee’s gross negligence, fraud or willful misconduct, the
Trustee shall not be liable for any loss, liability or expense resulting from
any error in the information or
transmission of the funds. This Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of New York,
without giving effect to conflict
of law principles that would result in the application of the substantive laws
of another jurisdiction.  It may be executed in several original or
facsimile counterparts, each one of which shall constitute an original,
and together shall constitute but one instrument.

     

    (b)  This
Agreement contains the entire agreement and understanding of the parties hereto
with respect to the subject matter hereof.  Except for Sections 1(i),
1(j), 3(a), 3(b) and 3(c), this Agreement or any provision hereof may only be
changed, amended or modified by a writing signed by each of the parties hereto;
provided, however, that no such change, amendment or modification may be made
without the prior written consent of the Underwriter, which the parties
specifically agree is and shall be a third party beneficiary for purposes of
this Agreement.  As to any claim, cross-claim or counterclaim in any
way relating to this Agreement, each party waives the right to trial by
jury.  The Trustee may require from Company counsel an opinion as to
the propriety of any proposed amendment.

     

    (c)   The
parties hereto consent to the jurisdiction and venue of any state or federal
court located in the City of New York for purposes of resolving any disputes
hereunder.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

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

     

    if to the
Trustee, to:

     

    Continental
Stock Transfer & Trust Company

    17
Battery Place, 8th
Floor

    New York,
NY 10004

    Attention:
Accounting Department

    Fax No.:
[212 616 7620

    

    if to the
Company, to:

     

    China
VantagePoint Acquisition Company

    465
Brickell Avenue, #617

    Miami, FL
33131

    Fax No.:
212-656-1485

    Attn: Wei
Li, Chief Executive Officer

    

    in either
case with a copy to:

     

    EarlyBirdCapital,
Inc.

    275
Madison Avenue, 27th
Floor

    New York,
NY 10016

    Fax No:
[  •  ]

    Attn:
Steven Levine

    

    and

       

    Loeb & Loeb LLP

    345 Park Avenue

    New York, NY 10154

    Fax No.: (212) 407-4990

    Attn: Mitchell S. Nussbaum,
Esq.

     

    and

    

    Graubard Miller

    The Chrysler Buidling

    405 Lexington Avenue, 19th
Floor

    New York,
NY 10174

    Fax No.:
(212) 818-8000

    Attn: David Alan Miller,
Esq.

    

    (e)   This
Agreement may not be assigned by the Trustee without the prior written consent
of the Company and the Underwriter.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    (f)   Each
of the Trustee and the Company hereby represents that it has the full right and
power and has been duly authorized to enter into this Agreement and to perform
its respective obligations as contemplated hereunder.

     

    (g)  The
Trustee waives any right of set-off or any right, title, interest or claim of
any kind that the Trustee may have against the Property held in the Trust
Account, and acknowledges and agrees that it shall not make any claims or
proceed against the Trust Account, including by way of set-off, and shall not be
entitled to any funds in the Trust Account under any circumstance. In the event
the Trustee has a claim against the Company under this Agreement, including,
without limitation, under paragraph 2(b), the Trustee will pursue such
claim solely against the Company and not against the Property held in the Trust
Account.

     

    [Signature Page
Follows]

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties have duly executed this Investment Management Trust
Agreement as of the date first written above.

     

    CONTINENTAL
STOCK TRANSFER AND TRUST COMPANY

     

    
      
        
          
            	
                    By:

                  	 
      	 
      
	 
      	
                    Name:

                  	 
      
	 
      	
                    Title:

                  	 
      

          

        

      

    

     

    CHINA
VANTAGEPOINT ACQUISITION COMPANY

     

    
      
        
          
            
              
                
                  
                    
                      	
                              By:

                            	 
      	 
      
	 
      	
                              Name:
      Wei Li

                            	 
      
	 
      	
                              Title:
      Chief Executive Officer

                            	 
      

                    

                  

                

              

            

          

        

      

    

     

    (Signature
Page to Investment Management Trust Agreement)

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
A

     

    [LETTERHEAD
OF COMPANY]

     

    [date]

     

    [Transfer
Agent]

    [Address]

     

    Re: Trust Account No. [●]
Termination Letter

     

    Gentlemen:

     

    Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between China
VantagePoint Acquisition Company (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”), dated as
of [●], 2011 (the “Trust Agreement”),
this is to advise you that the Company has entered into an agreement (the “Business Agreement”)
with [●] (the “Target
Business”) to consummate a business combination with the Target Business
(the “Business
Combination”) on or about [●].  The Company shall notify you at
least 48 hours in advance of the actual date of the consummation of the Business
Combination (the “Consummation
Date”).

     

    In
accordance with the terms of the Trust Agreement, we hereby authorize you to
commence liquidation of the Trust Account to the effect that, on the
Consummation Date, all of funds held in the Trust Account will be immediately
available for transfer to the account or accounts that the Company shall direct
on the Consummation Date.

     

    On the
Consummation Date: (i) counsel for the Company shall deliver to you written
notification that the Business Combination has been consummated and (ii) the
Company shall deliver to you [(a) [an affidavit] [a certificate] of _________,
which verifies the vote of the Company’s shareholders in connection with the
Business Combination and (b)]1 joint written instructions from the Company
and EarlyBirdCapital, Inc., the underwriter of the Company’s initial public
offering, with respect to the transfer of the funds held in the Trust Account
(the “Instruction
Letter”).  You are hereby directed and authorized to transfer
the funds held in the Trust Account immediately upon your receipt of written
notice from counsel and the Instruction Letter in accordance with the terms of
the Instruction Letter.  In the event that certain deposits held in
the Trust Account may not be liquidated by the Consummation Date without
penalty, you will notify the Company of the same, and the Company and the
Underwriter shall jointly direct you as to whether such funds should remain in
the Trust Account and be distributed after the Consummation Date to the Company
or be distributed immediately and the penalty incurred.  Upon the
distribution of all the funds in the Trust Account pursuant to the terms hereof,
the Trust Agreement shall be terminated and the Trust Account
closed.

     

    In the
event that the Business Combination is not consummated on the Consummation Date
described in the notice thereof and we have not notified you on or before the
original Consummation Date of a new Consummation Date, then, upon the Trustee’s
receipt of written instruction from the Company, the funds held in the Trust
Account shall be reinvested as soon as reasonably practical as provided in the
Trust Agreement, but in no event later than __ business days following the
Consummation Date set forth in the notice.

     

    
      
        

      

      
        1 Include
only if there is a shareholder vote.

      

    

    
      
         

      

      
        A-1

        
          

        

      

      
         

      

    

     

    Very
truly yours,

     

    CHINA
VANTAGEPOINT ACQUISITION COMPANY

     

    
      
        
          
            
              
                
                  
                    	
                            By:

                          	 
      	 
	 
      	
                            Name:

                          	 
	 
      	
                            Title:

                          	 

                  

                

              

            

          

        

      

    

     

    Affirmed:

     

    
      
        
          
            
              	
                      By:

                    	 
      	 
	 
      	
                      Name:

                    	 
	 
      	
                      Title:

                    	 

            

          

        

      

    

     

    cc:   EarlyBirdCapital,
Inc.

    

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

    

     

    Exhibit
B

     

    [LETTERHEAD
OF COMPANY]

     

    [date]

     

    [Trustee]

    [Address]

     

    Re: Trust Account No. [●]
Termination Letter

     

    Gentlemen:

     

    Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between China
VantagePoint Acquisition Company (the “Company”) and
[_____________] (the “Trustee”), dated as
of [●], 2011 (the “Trust Agreement”),
this is to advise you that (i) the Company has been unable to effect a Business
Combination within the time frame specified in the Amended and Restated Articles
of Association of the Company, (ii) the Company’s existence expired in
accordance with the terms of its Amended and Restated Articles of Association on
[●]; and (iii) the Company is proceeding to dissolve and liquidate.

     

    Capitalized
terms used but not defined herein shall have the meanings given them in the
Trust Agreement.

     

    In
accordance with the terms of the Trust Agreement, we hereby authorize and
request that you commence liquidation of the Trust Account as part of the
Company’s plan of dissolution and distribution.  In connection with
this liquidation, you are hereby authorized to establish a record date for the
purposes of determining the stockholders of record entitled to receive their per
share portion of the Trust Account.  The record date shall be within
10 days of the liquidation date, or as soon thereafter as is
practicable.  Company has appointed [●] to serve as its designated
paying agent (the “Designated Paying
Agent”). You will notify the Company and the Designated Paying Agent in
writing as to when all of the funds in the Trust Account will be available for
immediate transfer (the “Transfer
Date”).  The Designated Paying Agent shall thereafter notify
you as to the account or accounts of the Designated Paying Agent that the funds
in the Trust Account should be transferred to on the Transfer Date so that the
Designated Paying Agent may commence distribution of such funds in accordance
with the Company’s instructions.

    
      
         

      

      
        B-1

        
          

        

      

      
         

      

    

    You shall
have no obligation to oversee the Designated Paying Agent’s distribution of the
funds.  Upon the payment to the Designated Paying Agent of all the
funds in the Trust Account, the Trust Agreement shall be terminated and the
Trust Account closed.

     

    Very
truly yours,

     

    CHINA
VANTAGEPOINT ACQUISITION COMPANY

    
       

      
        
          
            
              
                
                  
                    
                      	
                              By:

                            	 
      	 
	 
      	
                              Name:

                            	 
	 
      	
                              Title:

                            	 

                    

                  

                

              

            

          

        

      

    

     

    Affirmed:

    
       

      
        
          
            
              
                
                  
                    
                      	
                              By:

                            	 
      	 
	 
      	
                              Name:

                            	 
	 
      	
                              Title:

                            	 

                    

                  

                

              

            

          

        

      

    

     

    cc:   EarlyBirdCapital,
Inc.

    
      
         

      

      
        B-2

        
          

        

      

      
         

      

    

    Exhibit
C

     

    [LETTERHEAD
OF COMPANY]

     

    [date]

     

    [Trustee]

    [Address]

     

    Re: Trust Account No. [●] Tax
Disbursement Letter

     

    Gentlemen:

     

    Pursuant
to paragraph 3(a)(i) of the Investment Management Trust Agreement between China
VantagePoint Acquisition Company (the “Company”) and
[______________] (the “Trustee”) dated as of
[●] (the “Trust
Agreement”), this is to advise you that the Trust Account, as defined in
the Trust Agreement, has incurred a total of [●] in taxes (the “Tax Payments”) for
the period from [●], 200[●] to [●], 200[●] (the “Tax Period”) as a
result of interest and other income earned on the Property, as defined in the
Trust Agreement or other tax obligations of the Company, in each case during the
Tax Period.

     

    In
accordance with the terms of the Trust Agreement, we hereby authorize you to
distribute from the Trust Account interest income earned on  the
Property (as defined in the Trust Agreement) equal to the aggregate Tax Payments
on such dates, in such amounts and to such payees as indicated on the Schedule
of Tax Payments attached hereto as Schedule 1.  All checks should be
delivered to the Company at [address].

     

    Very
truly yours,

     

    CHINA
VANTAGEPOINT ACQUISITION COMPANY

    
       

      
        
          
            
              
                
                  
                    
                      	
                              By:

                            	 
      	 
	 
      	
                              Name:

                            	 
	 
      	
                              Title:

                            	 

                    

                  

                

              

            

          

        

      

    

     

    Authorized
Counsel Signatory:

    
       

      
        
          
            
              
                
                  
                    
                      	
                              By:

                            	 
      	 
	 
      	
                              Name:

                            	 
	 
      	
                              Title:

                            	 

                    

                  

                

              

            

          

        

      

    

     

    cc:   EarlyBirdCapital,
Inc.

    
      
         

      

      
        C-1

        
          

        

      

      
         

      

    

    Schedule
1

     

    Schedule
of Tax Payments

    

    Payment
Date:  [●]

    Amount:  [●]

    Payee:  [●]

    

    Payment
Date: [●]

    Amount:  [●]

    Payee:  [●]

    

    Payment
Date:  [●]

    Amount:  [●]

    Payee:  [●]

    
      
         

      

      
        C-2

        
          

        

      

      
         

      

    

    Exhibit
D

     

    [LETTERHEAD
OF COMPANY]

     

    [date]

     

    [Trustee]

    [Address]

     

    Re: Trust Account No. [●]
Disbursement Letter

     

    Gentlemen:

     

    Pursuant
to paragraph 3(b) of the Investment Management Trust Agreement between
China VantagePoint Acquisition Company (the “Company”) and
[_____________________] dated as of [●] (the “Trust Agreement”), we
hereby authorize you to disburse from the Trust Account interest income earned
on the Property, as defined in the Trust Agreement, equal to $[●], to [●] via
wire transfer on [●], 200[●].  The Company needs such funds to cover
its expenses relating to investigating and selecting a target business and other
working capital requirements.

     

    Very
truly yours,

     

    CHINA
VANTAGEPOINT ACQUISITION COMPANY

    
       

      
        
          
            
              
                
                  
                    
                      	
                              By:

                            	 
      	 
	 
      	
                              Name:

                            	 
	 
      	
                              Title:

                            	 

                    

                  

                

              

            

          

        

      

    

     

    Authorized
Counsel Signatory:

    
       

      
        
          
            
              
                
                  
                    
                      	
                              By:

                            	 
      	 
	 
      	
                              Name:

                            	 
	 
      	
                              Title:

                            	 

                    

                  

                

              

            

          

        

      

    

     

    cc:   EarlyBirdCapital,
Inc.

    
      
         

      

      
        E-1

        
          

        

      

      
         

      

    

    

    Exhibit
E

    [LETTERHEAD
OF COMPANY]

     

    [date]

     

    [Trustee]

    [Address]

     

    Re: Trust Account No. [●]
Purchases of Subunits

     

    Gentlemen:

     

    Pursuant
to paragraph 3(c) of the Investment Management Trust Agreement between
China VantagePoint Acquisition Company (the “Company”) and
[_________] dated as of [●] (the “Trust Agreement”),
pursuant to the instructions attached hereto as Schedule A, you are instructed
to distribute funds held in the Trust Account to those shareholders listed on
Schedule A, from whom the Company has made purchases of Subunits at a price of
$___ per Subunit, including commissions (the “Purchase Price”)
pursuant to the Company’s 10b5-1 Plan.  The Purchase Price is equal to
or below the Maximum Price (as defined in the Trust
Agreement).  Additionally, the Subunits, together with any Subunits
previously purchased by the Company pursuant to paragraph 3(c) of the Trust
Agreement, do not exceed the Maximum Amount (as defined in the Trust
Agreement).

     

    CHINA
VANTAGEPOINT ACQUISITION COMPANY

    
       

      
        
          
            
              
                
                  
                    
                      	
                              By:

                            	 
      	 
	 
      	
                              Name:

                            	 
	 
      	
                              Title:

                            	 

                    

                  

                

              

            

          

        

      

    

     

    Authorized
Counsel Signatory:

    
       

      
        
          
            
              
                
                  
                    
                      	
                              By:

                            	 
      	 
	 
      	
                              Name:

                            	 
	 
      	
                              Title:

                            	 

                    

                  

                

              

            

          

        

      

    

    

    cc:   EarlyBirdCapital,
Inc.

    
      
         

      

      
        E-2

        
          

        

      

      
         

      

    

    SCHEDULE
A TO INVESTMENT MANAGEMENT TRUST AGREEMENT:

    SCHEDULE
OF FEES

    

    Schedule
of fees pursuant to Section 3(c) of Investment Management Trust Agreement
between
China VantagePoint Acquisition Company

     

     and

    Continental
Stock Transfer & Trust Company

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        Fee Item

                                      	 	 	
                                        Time and method of payment

                                      	 	
                                        Amount

                                      	 
	
                                        Initial
      acceptance fee, legal review, establishment of bank and investment
      accounts

                                      	 	 	
                                        Initial
      closing of IPO by wire transfer

                                      	 	$	3,000	 
	
                                        Annual
      fee

                                      	 	 	
                                        First
      year, initial closing of IPO by wire transfer; thereafter on the
      anniversary of the effective date of the IPO by wire transfer or
      check

                                      	 	$	10,000	 
	
                                        Transaction
      processing fee for disbursements to Company under Sections 3(a), 3(b) and
      Schedule 1

                                      	 	 	
                                        Deduction
      by Trustee from disbursement made to Company under Section 3(a), 3(b) and
      Schedule 1

                                      	 	$	250	 
	
                                         Paying
      Agent services as required service pursuant to section 1(i) and
      3(c)

                                      	 	 	
                                        Billed
      to Compoany upon delivery of service pursuant to section 1(i) and
      3(c)

                                      	 	
                                        Prevailing
      rates

                                      	 

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 
      	 
      	
                                        Agreed:

                                      	 
	
                                        Dated:  _________,
      2011

                                      	 
      	 
	 	 	 	 	 
	 
      	 
      	 
      	 
      	 
	 
      	 
      	
                                        By:

                                      	 
      	 
	 
      	 
      	 
      	
                                        Authorized
      Officer

                                      	 
	 
      	 
      	 
      	 
      	 
	 
      	 
      	
                                        Continental
      Stock Transfer & Trust Co.

                                      	 
	 
      	 
      	 
      	 
      	 
	 
      	 
      	
                                        By:

                                      	
                                         

                                      	 
	 
      	 
      	 
      	
                                        Authorized
      Officer

                                      	 

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        E-3

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