Document:

Unassociated Document

    Exhibit
      4.2

    LOCK-UP
      AGREEMENT

    

    THIS
      LOCK-UP AGREEMENT (the "Agreement")
      is
      made and entered into on May 14, 2007 between the stockholders set forth on
      the
      signature page to this Agreement (each, a "Holder")
      and
      Intra-Asia Entertainment Corporation, a Nevada corporation (the "Company").

    

    RECITALS

    

    A. The
      Company has determined that it is advisable and in its best interest to enter
      into that certain Securities Purchase Agreement, dated May 14, 2007 (the
      "Purchase
      Agreement")
      with
      the Investors (the "Investors")
      and
      certain other parties named therein, pursuant to which the Company will issue
      and sell (and the Selling Stockholders (as defined in the Purchase Agreement)
      will sell) in a private offering securities of the Company (the "Offering").
      Capitalized terms used and not otherwise defined herein that are defined in
      the
      Purchase Agreement will have the meanings given such terms in the Purchase
      Agreement.

    

    B. In
      connection with the Offering, the Company has agreed to provide the Investors
      certain registration rights, and in furtherance thereof has agreed to file
      a
      registration statement to enable the Investors to resell the Securities which
      are the subject of the Offering.

    

    C. It
      is a
      condition to the Investors' respective obligations to close under the Purchase
      Agreement and provide the financing contemplating by the Offering that each
      Holder execute and deliver to the Company this Agreement. 

    

    D. In
      contemplation of, and as a material inducement for the Investors to enter into,
      the Purchase Agreement, each Holder and the Company have each agreed to execute
      and deliver this Agreement. 

    

    NOW,
      THEREFORE, for and in consideration of the mutual covenants and agreements
      set
      forth herein, and other good and valuable consideration, the receipt and
      sufficiency of which is hereby acknowledged, the parties, intending to be
      legally bound, agree as follows:

    

    1. Effectiveness
      of Agreement.
      This
      Agreement shall become null and void if the Purchase Agreement is terminated
      prior to Closing. 

    

    Each
      Holder has independently evaluated the merits of its decision to enter into
      and
      deliver this Agreement, and such Holder confirms that it has not relied on
      the
      advice of the Company, the Company’s legal counsel or any other
      person.

    

    2. Representations
      and Warranties.
      Each of
      the parties hereto, by their respective execution and delivery of this
      Agreement, hereby represents and warrants to the others and to all third party
      beneficiaries of this Agreement that (a) such party has the full right, capacity
      and authority to enter into, deliver and perform its respective obligations
      under this Agreement, (b) this Agreement has been duly executed and delivered
      by
      such party and is the binding and enforceable obligation of such party,
      enforceable against such party in accordance with the terms of this Agreement
      and (c) the execution, delivery and performance of such party’s obligations
      under this Agreement will not conflict with or breach the terms of any other
      agreement, contract, commitment or understanding to which such party is a party
      or to which the assets or securities of such party are bound.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    3. Beneficial
      Ownership.
      Each
      Holder hereby represents and warrants that it does not beneficially own (as
      determined in accordance with Section 13(d) of the Exchange Act of 1934, as
      amended, and the rules and regulations promulgated thereunder) any shares of
      Common Stock, or any economic interest therein or derivative therefrom, other
      than those shares of Common Stock specified on its signature page to this
      Agreement. For purposes of this Agreement the shares of Common Stock
      beneficially owned by such Holder as specified on its signature page to this
      Agreement plus any shares of Common Stock acquired during the Lockup Period
      (as
      defined below) are collectively referred to as the “Holder’s
      Shares.”

    

    4. Lockup.
      From
      and after the date of this Agreement and through and including the one-year
      anniversary of the date on which all “Registrable Securities” (as such term is
      defined in the Registration Rights Agreement entered into in connection with
      the
      Purchase Agreement), other than the 2007 Make Good Shares and 2008 Make Good
      Shares, have been registered for resale on Registration Statements declared
      effective by the Commission (plus one additional day for each Trading Day
      following the Effective Date of any Registration Statement during which either
      (1) the Registration Statement is not effective or (2) the prospectus
      forming a portion of the Registration Statement is not available for the resale
      of all Registrable Securities (as defined in the Registration Rights Agreement)
      required to be covered thereby) (the "Lockup
      Period"),
      each
      Holder irrevocably agrees it will not offer, pledge, sell, contract to sell,
      sell any option or contract to purchase, loan, purchase any option or contract
      to sell, grant any option, right or warrant to purchase or otherwise transfer
      or
      dispose of, directly or indirectly, or announce the offering of, any of its
      Holder’s Shares (including any securities convertible into, or exchangeable for,
      or representing the rights to receive, Holder’s Shares). In furtherance thereof,
      the Company will (x) place an irrevocable stop order on all Holder’s Shares
      covered by any registration statements, (y) notify its transfer agent in writing
      of the stop order and the restrictions on such Holder’s Shares under this
      Agreement and direct the transfer agent not to process any attempts by each
      Holder to resell or transfer any Holder’s Shares under such registration
      statements or otherwise in violation of this Agreement including under Rule
      144.

    

    5. Third-Party
      Beneficiaries.
      Each
      Holder and the Company acknowledges and agrees that this Agreement is entered
      into for the benefit of and is enforceable by the Investors and their successors
      and assigns, who are intended third-party beneficiaries of this
      Agreement.

    

    6. No
      Additional Fees/Payment.
      Other
      than the consideration specifically referenced herein, the parties hereto agree
      that no fee, payment or additional consideration in any form has been or will
      be
      paid to any Holder in connection with this Agreement.

    

    7. Enumeration
      and Headings.
      The
      enumeration and headings contained in this Agreement are for convenience of
      reference only and shall not control or affect the meaning or construction
      of
      any of the provisions of this Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    8. Counterparts.
      This
      Agreement may be executed in facsimile and in any number of counterparts, each
      of which when so executed and delivered shall be deemed an original, but all
      of
      which shall together constitute one and the same agreement.

    

    9. Successors
      and Assigns.
      This
      Agreement and the terms, covenants, provisions and conditions hereof shall
      be
      binding upon, and shall inure to the benefit of, the respective heirs,
      successors and assigns of the parties hereto. 

    

    10. Severability.
      If any
      provision of this Agreement is held to be invalid or unenforceable for any
      reason, such provision will be conformed to prevailing law rather than voided,
      if possible, in order to achieve the intent of the parties and, in any event,
      the remaining provisions of this Agreement shall remain in full force and effect
      and shall be binding upon the parties hereto.

    

    11. Amendment.
      This
      Agreement may not be amended or modified in any manner except by a written
      agreement executed by each of the parties hereto if and only if such
      modification or amendment is consented to in writing by each Investor.

    

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

    

    13. No
      Strict Construction.
      The
      language used in this Agreement will be deemed to be the language chosen by
      the
      parties to express their mutual intent, and no rules of strict construction
      will
      be applied against any party.

    

    14. Remedies.
      The
      Company and the Investors shall have the right to specifically enforce all
      of
      the obligations of each Holder under this Agreement (without posting a bond
      or
      other security), in addition to recovering damages by reason of any breach
      of
      any provision of this Agreement and to exercise all other rights granted by
      law.
      Furthermore, each Holder recognizes that if it fails to perform, observe, or
      discharge any of its obligations under this Agreement, any remedy at law may
      prove to be inadequate relief to the Company or the Investors. Therefore, each
      Holder agrees that each of the Company and the Investors shall be entitled
      to
      seek temporary and permanent injunctive relief in any such case without the
      necessity of proving actual damages and without posting a bond or other
      security.

    

    15. Governing
      Law.
      The
      terms and provisions of this Agreement shall be construed in accordance with
      the
      laws of the State of New York and the federal laws of the United States of
      America applicable therein. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, each of the parties hereto has caused this Agreement as of
      the
      day and year first above written.

     

     

    
      	 	Name: 
	 	 
	 	Number of shares
              of Common Stock
              beneficially owned: 
	 	_____________________________________ 
	 	 
	 	INTRA-ASIA ENTERTAINMENT
              CORPORATION 
	 	 
	 	 
	 	By:_______________________________________
	 	Name: 
	 	
              Title:Unassociated Document

     

    
      Exhibit
        4.3

      

        CANCELLATION
          AGREEMENT

        

        CANCELLATION
          AGREEMENT, dated May 14, 2007 (this “Agreement”),
          by
          and among, INTRA-ASIA ENTERTAINMENT CORPORATION, a Nevada corporation (the
          “Company”),
          WEICHENG INTERNATIONAL INC. (“Weicheng”)
          and
          Foster Growth Ltd. (“Foster”).

        

        BACKGROUND

        

        On
          or
          about the date hereof, the Company has entered into a Share Exchange Agreement
          with Cabowise International Ltd. (the “BVI
          Company”),
          Weicheng, Foster, and the Stockholders named therein pursuant to which
          the
          Company is going to acquire from the Stockholders named therein all of
          the
          issued and outstanding capital stock of the BVI Company in exchange for
          an
          aggregate amount of 81,311,179 shares of the Company’s Common Stock (the
“Share
          Exchange Transaction”).

        

        The
          BVI
          Company is the holder of an option (the “Option”)
          to
          acquire from certain grantees an 85 percent (85%) interest (the “Interest”)
          in
          Beijing PKU Chinafront Technology Co., Ltd., a company organized under
          the laws
          of the People’s Republic of China (“PKU”).

        

        Weicheng,
          Foster, the Company and certain accredited investors (the “Investors”)
          are
          parties to a Securities Purchase Agreement (the “Securities
          Purchase Agreement”)
          pursuant to which Weicheng and Foster will sell to the Investors a total
          of
          28,333,333 shares (the “SPA
          Shares”)
          of the
          Common Stock of the Company held by Weicheng and Foster for a consideration
          of
          $6.8 million, in the aggregate, and the Company will sell to the Investors
          a
          total of 13,333,334 shares in consideration of $3.2 million. 

        

        Concurrent
          with the closing of the Share Exchange Transaction, an affiliate of the
          Company
          designated by the Company will exercise the Option and acquire the Interest
          in
          accordance with the terms of the Option. Also concurrent with the Closing,
          the
          transactions contemplated by the Securities Purchase Agreement will be
          consummated. 

        

        It
          is a
          condition precedent to the consummation of the Share Exchange Transaction
          and
          the transactions contemplated by the Securities Purchase Agreement that
          Weicheng
          and Foster enter into this Agreement which will effectuate the cancellation
          of
          15,328,369 shares (the “Subject
          Shares”)
          of
          Common Stock of the Company held by Weicheng constituting all of the capital
          stock of the Company held Weicheng other than the SPA Shares. Weicheng
          and
          Foster are entering into this Agreement, among other things, to induce
          the
          Investors to acquire from Weicheng and Foster the SPA Shares and Weicheng
          and
          Foster acknowledge that the Investors would not consummate the transactions
          contemplated by the Securities Purchase Agreement unless the transactions
          contemplated hereby are effectuated in accordance herewith. 

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        AGREEMENT

        

        NOW,
          THEREFORE, in consideration of the mutual promises herein contained and
          for
          other good and valuable consideration, the receipt and sufficiency of which
          is
          hereby acknowledged, the parties hereto agree as follows:

        

        1.  Cancellation
          of Subject Shares.
          Weicheng has delivered to the Company for cancellation stock certificates
          representing the Subject Shares along with duly executed medallion guaranteed
          stock powers covering the Subject Shares and hereby irrevocably instruct
          the
          Company and the Company’s transfer agent to cancel the Subject Shares such that
          the Subject Shares will no longer be outstanding on the stock ledger of
          the
          Company and such that Weicheng shall no longer have any interest in the
          Subject
          Shares whatsoever. The Company shall immediately deliver to the Company’s
          transfer agent irrevocable instructions providing for the cancellation
          of the
          Subject Shares. 

         

        2.  Release
          by Weicheng and Foster.
          For the
          consideration and mutual promises specified herein and other good and valuable
          consideration the receipt and sufficiency of which is hereby acknowledged,
          each
          of Weicheng and Foster on behalf of itself, its affiliates, agents, employees,
          assigns, representatives, heirs, and any person or entity that claims any
          right
          or interest through or on behalf of any of the foregoing (each a “Releasor”)
          hereby
          releases, forgives and forever discharges the Company, its respective
          subsidiaries, affiliates, successors, predecessors, or agents, and their
          present
          or former employees, officers, directors, attorneys and other agents, including,
          without limitation, the Investors (collectively, the “Representatives”)
          from
          any and all liabilities, obligations, claims, actions, covenants, contracts,
          agreements, promises, damages and demands whatsoever, whether known or
          unknown,
          suspected or unsuspected, matured or unmatured, both at law (including
          federal
          and state securities laws) and in equity, which Releasor now has or has
          ever had
          against the Company or any Representatives arising contemporaneously with
          or
          prior to the date of this Agreement on account of, arising out of, or in
          any way
          related to any matter, cause, event or omission occurring contemporaneously
          with
          or prior to the date of this Release, including without limitation, any
          claim by
          either Releasor of any interest in the Company as a result of the ownership
          or
          prior ownership of any SPA Shares or Subject Shares, as applicable. For
          the
          consideration and mutual promises specified herein and other good and valuable
          consideration the receipt and sufficiency of which is hereby acknowledged,
          each
          Releasor agrees for itself and anyone claiming for or through it or any
          third
          party, to waive, release, promise and agree not to bring or pursue any
          judicial,
          quasi-judicial or administrative action against the Company or any
          Representative for any reason whatsoever arising out of any claim released
          by
          this Agreement. Each Releasor further acknowledges and agrees that it has
          not
          already filed or otherwise commenced any such action and that it has not
          assigned, sold or given any of the rights he is releasing to any person
          or
          entity.

         

        3.  Representations
          by Weicheng and Foster.

         

        (a)  Weicheng
          owns the Subject Shares, of record and beneficially, free and clear of
          all
          liens, claims, charges, security interests, and encumbrances of any kind
          whatsoever. Weicheng has sole control over the Subject Shares or sole
          discretionary authority over any account in which they are held. 

         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

         

        (b)  Except
          for the SPA Shares and the Subject Shares, neither Weicheng or Foster (i)
          owns
          of record or beneficially any share of the Company’s Common Stock, and (ii) has
          any subscription, warrant, option, convertible security, or other right
          (contingent or other) to purchase or otherwise acquire securities, including
          equity or debt securities, of the Company.

         

        (c)  Each
          of
          Weicheng and Foster has full right, power and authority to execute, deliver
          and
          perform this Agreement and to carry out the transactions contemplated hereby.
          This Agreement has been duly and validly executed and delivered by each
          of
          Weicheng and Foster and constitutes a valid, binding obligation of each
          of
          Weicheng and Foster, enforceable against each in accordance with its terms
          (except as such enforceability may be limited by laws affecting creditor's
          rights generally).

         

        4.  Third
          Party Beneficiary.
          The
          parties to this Agreement acknowledge and agree that the Investors are
          intended
          third party beneficiaries to this Agreement. The Investors shall have the
          right
          to enforce this Agreement as if they were a party hereto and the Investors
          shall
          be entitled to any and all available remedies at law or in equity in the
          event
          of a breach of this Agreement by any party hereto.

         

        5.  Miscellaneous.
          All
          representations, warranties and agreements in this Agreement shall survive
          the
          date hereof until the expiration of the applicable statute of limitations.
          This
          Agreement shall be binding upon the parties’ their respective successors,
          representatives, heirs and estate, as applicable. This Agreement may be
          executed
          in one or more counterparts, all of which shall be considered one and the
          same
          agreement and shall become effective when one or more counterparts have
          been
          signed by each of the parties and delivered to the other party, it being
          understood that all parties need not sign the same counterpart. Facsimile
          execution and delivery of this Agreement is legal, valid and binding execution
          and delivery for all purposes. This Agreement shall be governed in all
          respects,
          including validity, interpretation and effect, by the internal laws of
          the State
          of New York, without regard to the conflicts of law principles thereof.
          This
          Agreement may not be amended except by an instrument in writing signed
          by each
          of the parties hereto. This Agreement constitutes the entire agreement
          of the
          parties with respect to the subject matter hereof and supersedes in its
          entirety
          any other agreement relating to or granting any rights with respect to
          the
          subject matter hereof.

         

        

         

        [Signature
          Page Follows]

         

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

        IN
          WITNESS WHEREOF, the parties hereto have executed this Agreement as of
          the date
          first above written.

         

        
          	 	 	 
	 	INTRA-ASIA
                  ENTERTAINMENT CORPORATION
	 
 	 
 	 
 
	  	By:  	/s/ 
	 	
                  
Name:
	 	Title: 

        
          	 	 	 
	 	WEICHENG
                  INTERNATIONAL INC.
	 
 	 
 	 
 
	 	By:  	/s/ 
	 	
                  
Name:
	 	Title: 

        
          	 	 	 
	 	FOSTER
                  GROWTH LTD.
                  
	 
 	 
 	 
 
	 	By:  	/s/ 
	 	
                  
Name:
	 	Title: 

        

         

        
          
            
            

          

          
            4

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