Document:

EXHIBIT
      4.6

    

    SPECIMEN
      CLASS B WARRANT CERTIFICATE 

    

    
      	
              NUMBER

            	
              (SEE
                REVERSE LEGEND)

            	
              WARRANTS

            

    

    

    (THIS
      CLASS B WARRANT WILL BE VOID IF NOT EXERCISED PRIOR

    TO
      5:00
      P.M. NEW YORK CITY TIME, __________, 2011

    

    MIDDLE
      KINGDOM ALLIANCE CORP.

     

    CUSIP_____________

    CLASS
      B
      WARRANT

    

    THIS
      CERTIFIES THAT, for value received ____________is the registered holder of
      a
      Class B Warrant or Class B Warrants expiring ________, 2011 (the “Warrant”) to
      purchase one fully paid and non-assessable share of common stock, par value
      $.001 per share (the “Common Stock”), of Middle Kingdom Alliance Corp., a
      Delaware corporation (the “Company”) for each Warrant evidenced by this Class B
      Warrant Certificate. The Warrant entitles the holder thereof to purchase from
      the Company, commencing on the later of (i) the consummation by the Company
      of a
      merger, capital stock exchange, asset acquisition or other similar business
      combination or (ii) __________, 2007, such number of shares of Common Stock
      of
      the Company at the price of $5.00 per share, upon surrender of this Class B
      Warrant Certificate and payment of the Warrant Price at the office or agency
      of
      the Warrant Agent, Continental Stock Transfer & Trust Company (such payment
      to be made by check made payable to the Warrant Agent), but only subject to
      the
      conditions set forth herein and in the Warrant Agreement between the Company
      and
      Continental Stock Transfer & Trust Company. The
      Company shall not be obligated to deliver any securities pursuant to the
      exercise of a Warrant and shall have no obligation to settle a Warrant exercise
      unless a registration statement under the Securities Act of 1933, as amended,
      (the “Act”) with respect to the Common Stock is effective, subject to the
      Company satisfying its obligations under Section 7.4 of the Class B Warrant
      Agreement to use its best efforts. In the event that a registration statement
      with respect to the Common Stock 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. The Warrant
      Agreement provides that upon the occurrence of certain events the Warrant Price
      and the number of Warrant Shares purchasable hereunder, set forth on the face
      hereof, may, subject to certain conditions, be adjusted. The term Warrant Price
      as used in this Class B Warrant Certificate refers to the price per share at
      which Common Stock may be purchased at the time the Warrant is exercised.

    

    No
      fraction of a share of Common Stock will be issued upon any exercise of a
      Warrant. If the holder of a Warrant would be entitled to receive a fraction
      of a
      share of Common Stock upon any exercise of a Warrant, the Company shall, upon
      such exercise, round up to the nearest whole number the number of shares of
      Common Stock to be issued to such holder. 

    

    Upon
      any
      exercise of the Warrant for less than the total number of full shares of Common
      Stock provided for herein, there shall be issued to the registered holder hereof
      or his assignee a new Class B Warrant Certificate covering the number of shares
      of Common Stock for which the Warrant has not been exercised. 

    

    Class
      B
      Warrant Certificates, when surrendered at the office or agency of the Warrant
      Agent by the registered holder hereof in person or by attorney duly authorized
      in writing, may be exchanged in the manner and subject to the limitations
      provided in the Warrant Agreement, but without payment of any service charge,
      for another Class B Warrant Certificate or Class B Warrant Certificates of
      like
      tenor and evidencing in the aggregate a like number of Warrants.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Upon
      due
      presentment for registration of transfer of the Class B Warrant Certificate
      at
      the office or agency of the Warrant Agent, a new Class B Warrant Certificate
      or
      Class B Warrant Certificates of like tenor and evidencing in the aggregate
      a
      like number of Warrants shall be issued to the transferee in exchange for this
      Class B Warrant Certificate, subject to the limitations provided in the Warrant
      Agreement, without charge except for any applicable tax or other governmental
      charge.

    

    The
      Company and the Warrant Agent may deem and treat the registered holder as the
      absolute owner of this Class B Warrant Certificate (notwithstanding any notation
      of ownership or other writing hereon made by anyone), for the purpose of any
      exercise hereof, of any distribution to the registered holder, and for all
      other
      purposes, and neither the Company nor the Warrant Agent shall be affected by
      any
      notice to the contrary.

    

    This
      Warrant does not entitle the registered holder to any of the rights of a
      Stockholder of the Company until exercised.

    

    The
      Company reserves the right to call the Warrant, at any time prior to its
      exercise, with a notice of call in writing to the Warrant holders of record,
      giving 30 days' notice of such call at any time after the Warrant becomes
      exercisable if the last sale price of the Common Stock has been at least $16.00
      per share on each of 20 trading days within any 30 trading day period ending
      on
      the third business day prior to the date on which notice of such call is given.
      The call price of the Warrants is to be $.01 per Warrant. Any Warrant either
      not
      exercised, or tendered back to the Company by the end of the date specified
      in
      the notice of call, shall be canceled on the books of the Company and have
      no
      further value except for the $.01 call price.

    

    
      	
              By:

            	 	 
	 	 	 
	
              ____________________________

            	 	
              ______________________________

            
	
              President

            	 	
              Secretary

            

    

     

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    

    SUBSCRIPTION
      FORM

    To
      Be
      Executed by the Registered Holder in Order to Exercise Warrants

    

    The
      undersigned Registered Holder irrevocably elects to exercise ______________
      Warrants represented by this Class B Warrant Certificate, and to purchase the
      Common Stock issuable upon the exercise of such Warrants, and requests that
      Certificates for such shares shall be issued in the name of 

    

    --------------------------------------------------------------------------------

    (PLEASE
      TYPE OR PRINT NAME AND ADDRESS)

    

    --------------------------------------------------------------------------------

    

    --------------------------------------------------------------------------------

    

    --------------------------------------------------------------------------------

    (SOCIAL
      SECURITY OR TAX IDENTIFICATION NUMBER)

    

    and
      be
      delivered to 

    

    ____________________________________________________________

    (PLEASE
      PRINT OR TYPE NAME AND ADDRESS)

    

    

    --------------------------------------------------------------------------------

    and,
      if
      such number of Warrants shall not be all the Warrants evidenced by this Class
      B
      Warrant Certificate, that a new Class B Warrant Certificate for the balance
      of
      such Warrants be registered in the name of, and delivered to, the Registered
      Holder at the address stated below:

    

    

    Dated:
      _____________________

    ----------------------------------------

    (SIGNATURE)

     

    ----------------------------------------

    (ADDRESS)

     

    ----------------------------------------

     

    ----------------------------------------

    (TAX
      IDENTIFICATION NUMBER)

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    ASSIGNMENT

    To
      Be
      Executed by the Registered Holder in Order to Assign Warrants

    

    

    For
      Value
      Received, ___________________ hereby sell, assign, and transfer unto

     

     

    --------------------------------------------------------------------------------

    (PLEASE
      TYPE OR PRINT NAME AND ADDRESS)

    

    --------------------------------------------------------------------------------

    

    --------------------------------------------------------------------------------

    

    --------------------------------------------------------------------------------

    (SOCIAL
      SECURITY OR TAX IDENTIFICATION NUMBER)

    

    and
      be
      delivered to

    

    ____________________________________________________________

    (PLEASE
      PRINT OR TYPE NAME AND ADDRESS)

    

    ______________________
      of the Warrants represented by this Class B Warrant Certificate, and hereby
      irrevocably constitute and appoint _________________________________ Attorney
      to
      transfer this Class B Warrant Certificate on the books of the Company, with
      full
      power of substitution in the premises.

     

     

    
      	
              Dated:
                _____________________

            	
              ----------------------------------------

            
	
            	
              (SIGNATURE)

            

    

    

    

    THE
      SIGNATURE TO THE ASSIGNMENT OF THE SUBSCRIPTION FORM MUST CORRESPOND TO THE
      NAME
      WRITTEN UPON THE FACE OF THIS CLASS B WARRANT CERTIFICATE IN EVERY PARTICULAR,
      WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE
      GUARANTEED BY A COMMERCIAL BANK OR TRUST COMPANY OR A MEMBER FIRM OF THE
      AMERICAN STOCK EXCHANGE, NEW YORK STOCK EXCHANGE, PACIFIC STOCK EXCHANGE OR
      CHICAGO STOCK EXCHANGE.

     

    
      
        
        

      

      -4-THE
      REGISTERED HOLDER OF THIS REPRESENTATIVES' UNIT PURCHASE OPTION BY ITS
      ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS
      REPRESENTATIVES' UNIT PURCHASE OPTION EXCEPT AS HEREIN PROVIDED AND THE
      REGISTERED HOLDER OF THIS REPRESENTATIVES' UNIT PURCHASE OPTION AGREES THAT
      IT
      WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS REPRESENTATIVES'
      UNIT PURCHASE OPTION FOR A PERIOD OF ONE HUNDRED EIGHTY (180) DAYS FOLLOWING
      THE
      EFFECTIVE DATE (DEFINED BELOW) TO ANYONE OTHER THAN (i) NEWBRIDGE SECURITIES
      CORPORATION, I-BANKERS SECURITIES INCORPORATED OR AN UNDERWRITER OR A SELECTED
      DEALER IN CONNECTION WITH THE OFFERING; OR (ii) A BONA FIDE OFFICER OR PARTNER
      OF NEWBRIDGE SECURITIES CORPORATION, I-BANKERS OR OF ANY SUCH UNDERWRITER OR
      SELECTED DEALER. 

    

    THIS
      REPRESENTATIVES' UNIT PURCHASE OPTION IS NOT EXERCISABLE PRIOR TO THE LATER
      OF
      THE CONSUMMATION BY MIDDLE KINGDOM ALLIANCE CORP. (THE “COMPANY”) OF A MERGER,
      CAPITAL STOCK EXCHANGE, ASSET ACQUISITION OR OTHER SIMILAR BUSINESS COMBINATION
      (THE “BUSINESS COMBINATION”) (AS DESCRIBED MORE FULLY IN THE COMPANY’S
      REGISTRATION STATEMENT FILED ON FORM S-1 (No. 333-133475).

    

    THIS
      REPRESENTATIVES' UNIT PURCHASE OPTION IS VOID AFTER 5:00 P.M. EASTERN TIME,
      _______________ 2011. 

    

    

    REPRESENTATIVES'
      UNIT PURCHASE OPTION

    

    FOR
      THE PURCHASE OF 1 UNIT 

    

    OF

    

    MIDDLE
      KINGDOM ALLIANCE CORP. 

    

    THIS
      CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of
      _________________ (“Holder”), as registered owner of this Representatives' Unit
      Purchase Option (the "Representatives' Unit Purchase Option") to Middle Kingdom
      Alliance Corp. (the “Company”), Holder is entitled, at any time or from time to
      time upon the later of the consummation of a Business Combination or
      _____________, 2007 (the “Commencement Date”), and at or before 5:00 p.m.,
      Eastern Time,_____________, 2011 (the “Expiration Date”), but not thereafter, to
      subscribe for, purchase and receive, in whole or in part, one (1) unit (the
      “Representatives' Unit”) of the Company. 

    

    
      	
              1)

            	
              REPRESENTATIVES'
                UNIT PURCHASE OPTION 

            

    

    

    a) The
      Representatives' Unit consists of up to a total of 18,000 Series A Units at
      a
      per-unit price of $8.80 and/or up to a total of 300,000 Series B Units at a
      per-unit price of $8.80. The Series A Units and Series B Units that would be
      issued upon the exercise of this Representatives’ Purchase Option are identical
      to the Units offered by the Company to the public as set forth in the Prospectus
      and Registration Statement filed with the Securities and Exchange Commission
      (the “Commission”) on Form S-1 (No. 333-133475) as amended, on April 21, 2006.

    

    b) This
      Representatives’ Purchase Option shall be exercisable, in whole or in part,
      commencing on the date the Registration Statement becomes effective (the
“Effective Date”) and expiring on the five-year anniversary of the Effective
      Date at an initial exercise price per Representatives’ Unit of $8.80, which is
      equal to one hundred twenty-five percent (125%) of the initial public offering
      price of a Firm Unit.

    

    c) The
      Representatives’ Class A and Class B Warrants will be identical to those offered
      to the public except that the Representatives' Class A and Class B Warrants
      shall have an exercise price of $8.80, which is equal to one hundred twenty-five
      percent (125%) of the exercise price of the warrants included in the Units
      offered to the public. The Class A and Class B Warrants may be exercised during
      the period commencing on the later of the completion by the Company of a
      business combination, as described more fully in the Registration Statement
      (“Business Combination”) or one year from the on the Effective Date and
      terminating on the five-year anniversary of the Effective Date or earlier upon
      redemption (the "Expiration Date").

    

    
      
        
        

      

      
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          1 of 12

        
          

        

      

      
        
        

      

    

    d) If
      the
      Expiration Date is a day on which banking institutions are authorized by law
      to
      close, then this Representatives' Unit Purchase Option may be exercised on
      the
      next succeeding day which is not such a day in accordance with the terms herein.
      During the period ending on the Expiration Date, the Company agrees not to
      take
      any action that would terminate the Representatives' Unit Purchase Option.
      This
      Representatives' Unit Purchase Option is initially exercisable at $100.00 per
      Unit so purchased; provided, however, that upon the occurrence of any of the
      events specified in Section 6 hereof, the rights granted by this
      Representatives' Unit Purchase Option, including the exercise price per Unit
      and
      the number of Units (and Common Stock, Class B Common Stock and Class A and
      Class B Warrants) to be received upon such exercise, shall be adjusted as
      therein specified. The term “Exercise Price” shall mean the initial exercise
      price or the adjusted exercise price, depending on the context. 

    

    
      	
              2)

            	
              EXERCISE
                OF REPRESENTATIVES' UNIT PURCHASE
                OPTION

            

    

    

    a) Exercise
      Procedure.
      In
      order to exercise this Representatives' Unit Purchase Option, the exercise
      form
      attached hereto must be duly executed and completed and delivered to the
      Company, together with this Representatives' Unit Purchase Option and payment
      of
      the Exercise Price for the Units being purchased payable by wire transfer in
      federal (same day) funds or by certified or bank cashier’s check(s) in New York
      Clearing House funds. If the subscription rights represented hereby shall not
      be
      exercised at or before 5:00 p.m., Eastern time, on the Expiration Date, this
      Representatives' Unit Purchase Option shall become and be void without further
      force or effect, and all rights represented hereby shall cease and expire.
      

    

    b) Legend.
      Each
      certificate for the securities purchased under this Representatives' Unit
      Purchase Option shall bear a legend as follows unless such securities have
      been
      registered under the Securities Act of 1933, as amended (the “Act”):

     

    “The
      securities represented by this certificate have not been registered under the
      Securities Act of 1933, as amended (the “Act”) or applicable state law. The
      securities may not be offered for sale, sold or otherwise transferred except
      pursuant to an effective registration statement under the Act, or pursuant
      to an
      exemption from registration under the Act and applicable state law.”

     

    c) Cashless
      Exercise.
      

    

    i) In
      lieu
      of the payment of the Exercise Price multiplied by the number of Units for
      which
      this Representatives' Unit Purchase Option is exercisable (and in lieu of being
      entitled to receive Common Stock and Warrants) in the manner required by Section
      2(a), the Holder shall have the right (but not the obligation) to convert any
      exercisable but unexercised portion of this Representatives' Unit Purchase
      Option into Units (the “Conversion Right”) as follows: upon exercise of the
      Conversion Right, the Company shall deliver to the Holder (without payment
      by
      the Holder of any of the Exercise Price in cash) that number of Common Stock
      and
      Warrants comprising that number of Units equal to the quotient obtained by
      dividing (x) the “Value” (as defined below) of the portion of the
      Representatives' Unit Purchase Option being converted by (y) the Current Market
      Value (as defined below). The “Value” of the portion of the Representatives'
      Unit Purchase Option being converted shall equal the remainder derived from
      subtracting (a) (i) the Exercise Price multiplied by (ii) the number of Units
      underlying the portion of this Representatives' Unit Purchase Option being
      converted from (b) the Current Market Value of a Unit multiplied by the number
      of Units underlying the portion of the Representatives' Unit Purchase Option
      being converted. 

    

    ii) As
      used
      herein, the term “Current Market Value” per Unit at any date means the remainder
      derived from subtracting (x) the exercise price of the Warrants multiplied
      by
      the number of shares of Common Stock issuable upon exercise of the Warrants
      underlying one Unit from (y) the Current Market Price of the Common Stock
      multiplied by the number of shares of Common Stock underlying the Warrants
      and
      the Common Stock issuable upon exercise of one Unit. The “Current Market Price”
of a share of Common Stock shall mean (i) if the Common Stock is listed on
      a
      national securities exchange or quoted on the Nasdaq National Market, Nasdaq
      SmallCap Market or NASD OTC Bulletin Board (or successor such as the Bulletin
      Board Exchange), the last sale price of the Common Stock in the principal
      trading market for the Common Stock as reported by the exchange, Nasdaq or
      the
      NASD, as the case may be; (ii) if the Common Stock is not listed on a national
      securities exchange or quoted on the Nasdaq National Market, Nasdaq SmallCap
      Market or the NASD OTC Bulletin Board (or successor such as the Bulletin Board
      Exchange), but is traded in the residual over-the-counter market, the closing
      bid price for the Common Stock on the last trading day preceding the date in
      question for which such quotations are reported by the Pink Sheets, LLC or
      similar publisher of such quotations; and (iii) if the fair market value of
      the
      Common Stock cannot be determined pursuant to clause (i) or (ii) above, such
      price as the Board of Directors of the Company shall determine, in good faith.
      

    

    
      
        
        

      

      
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          2 of 12

        
          

        

      

      
        
        

      

    

    iii) The
      Cashless Exercise Right may be exercised by the Holder on any business day
      on or
      after the Commencement Date and not later than the Expiration Date by delivering
      the Representatives' Unit Purchase Option with the duly executed exercise form
      attached hereto with the cashless exercise section completed to the Company,
      exercising the Cashless Exercise Right and specifying the total number of Units
      the Holder will purchase pursuant to such Cashless Exercise Right. 

    

    d) Notwithstanding
      anything to the contrary contained in this Representatives' Unit Purchase
      Option, in no event will the Company be required to net cash settle the exercise
      of the Representatives' Unit Purchase Option or the Warrants underlying the
      Unit
      Purchase Option. The holder of the Representatives' Unit Purchase Option and
      the
      Warrants underlying the Representatives' Unit Purchase Option will not be
      entitled to exercise the Representatives' Unit Purchase Option or the Warrants
      underlying such Unit Purchase Option unless a registration statement is
      effective, or an exemption from the registration requirements is available
      at
      such time and, if the holder is not able to exercise the Representatives' Unit
      Purchase Option or underlying Warrants, the Representatives' Unit Purchase
      Option and/or the underlying Warrants, as applicable, will expire
      worthless

    

    
      	
              3)

            	
              TRANSFER
                

            

    

    

    a)  Restrictions—General.
      The
      registered Holder of this Representatives' Unit Purchase Option, by its
      acceptance hereof, agrees that it will not sell, transfer, assign, pledge or
      hypothecate this Representatives' Unit Purchase Option for a period of one
      hundred eighty (180) days following the Effective Date to anyone other than
      (i)
      Newbridge Securities Corporation ("Newbridge"), I-Bankers Securities
      Incorporated (“I-Bankers”) or an underwriter or a selected dealer in connection
      with the Offering; or (ii) a bona fide officer or partner of Newbridge,
      I-Bankers or of any such underwriter or selected dealer. On and after the first
      anniversary of the Effective Date, transfers to others may be made subject
      to
      compliance with or exemptions from applicable securities laws. In order to
      make
      any permitted assignment, the Holder must deliver to the Company the assignment
      form attached hereto duly executed and completed, together with the
      Representatives' Unit Purchase Option and payment of all transfer taxes, if
      any,
      payable in connection therewith. The Company shall within five business days
      transfer this Representatives' Unit Purchase Option on the books of the Company
      and shall execute and deliver a new Representatives' Unit Purchase Option or
      Representatives' Unit Purchase Options of like tenor to the appropriate
      assignee(s) expressly evidencing the right to purchase the aggregate number
      of
      Units purchasable hereunder or such portion of such number as shall be
      contemplated by any such assignment. 

    

    b) Restrictions—Securities.
      The
      securities evidenced by this Representatives' Unit Purchase Option shall not
      be
      transferred unless and until (i) the Company has received the opinion of counsel
      for the Holder that the securities may be transferred pursuant to an exemption
      from registration under the Act and applicable state securities laws, the
      availability of which is established to the reasonable satisfaction of the
      Company (the Company hereby agreeing that the opinion of Cozen O'Connor shall
      be
      deemed satisfactory evidence of the availability of an exemption); or (ii)
      a
      registration statement or a post-effective amendment to the Registration
      Statement relating to such securities has been filed by the Company and declared
      effective by the Commission and compliance with applicable state securities
      law
      has been established.

    

    
      	
              4)

            	
              NEW
                PURCHASE OPTIONS TO BE ISSUED

            

    

    

    a) Partial
      Exercise.
      Subject
      to the restrictions in Section 3 hereof, this Representatives' Unit Purchase
      Option may be exercised or assigned in whole or in part. In the event of the
      exercise or assignment hereof in part only, upon surrender of this
      Representatives' Unit Purchase Option for cancellation, together with the duly
      executed exercise or assignment form and funds sufficient to pay any Exercise
      Price and/or transfer tax, the Company shall cause to be delivered to the Holder
      without charge a new Representatives' Unit Purchase Option of like tenor to
      this
      Representatives' Unit Purchase Option in the name of the Holder evidencing
      the
      right of the Holder to purchase the number of Units purchasable hereunder as
      to
      which this Representatives' Unit Purchase Option has not been exercised or
      assigned. 

    

    
      
        
        

      

      
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          3 of 12

        
          

        

      

      
        
        

      

    

    b) Loss,
      Theft, Destruction.
      Upon
      receipt by the Company of evidence satisfactory to it of the loss, theft,
      destruction or mutilation of this Representatives' Unit Purchase Option and
      of
      reasonably satisfactory indemnification or the posting of a bond, the Company
      shall execute and deliver a new Representatives' Unit Purchase Option of like
      tenor and date. Any such new Representatives' Unit Purchase Option executed
      and
      delivered as a result of such loss, theft, mutilation or destruction shall
      constitute a substitute contractual obligation on the part of the Company.
      

    

    
      	
              5)

            	
              REGISTRATION
                RIGHTS

            

    

    

    a) Demand
      Registration.

    

    i) The
      Company, upon written demand (the “Initial Demand Notice”) of the Holder(s) of
      at least 51% of the Representatives' Unit Purchase Options and/or the underlying
      Units and/or the underlying securities (the “Majority Holders”), agrees to
      register on one occasion, all or any portion of the Representatives' Unit
      Purchase Options requested by the Majority Holders in the Initial Demand Notice
      and all of the securities underlying such Representatives' Unit Purchase
      Options, including the Units, Common Stock, the Warrants, and the Common Stock
      underlying the Warrants (collectively, the “Registrable Securities”). On such
      occasion, the Company will file a registration statement or a post-effective
      amendment to the Registration Statement covering the Registrable Securities
      within forty days after receipt of the Initial Demand Notice and use its best
      efforts to have such registration statement or post-effective amendment declared
      effective as soon as possible thereafter. The demand for registration may be
      made at any time during a period of five years beginning on the Effective Date.
      The Company covenants and agrees to give written notice of its receipt of any
      Initial Demand Notice by any Holder(s) to all other registered Holders of the
      Representatives' Unit Purchase Options and/or the Registrable Securities within
      ten days from the date of the receipt of any such Initial Demand Notice.

    

    ii) The
      Company shall bear all fees and expenses attendant to registering the
      Registrable Securities, including the expenses of any legal counsel selected
      by
      the Holders to represent them in connection with the sale of the Registrable
      Securities, but the Holders shall pay any and all underwriting commissions.
      The
      Company agrees to use its reasonable best efforts to qualify or register the
      Registrable Securities in such states as are reasonably requested by the
      Majority Holder(s); provided, however, that in no event shall the Company be
      required to register the Registrable Securities in a state in which such
      registration would cause (i) the Company to be obligated to qualify to do
      business in such state, or would subject the Company to taxation as a foreign
      corporation doing business in such jurisdiction or (ii) the principal
      stockholders of the Company to be obligated to escrow their shares of capital
      stock of the Company. The Company shall cause any registration statement or
      post-effective amendment filed pursuant to the demand rights granted under
      Section 5(a)(i) to remain effective for a period of nine consecutive months
      from
      the effective date of such registration statement or post-effective amendment.
      

    

    b)
      Piggy-Back
      Registration. 

    

    i) In
      addition to the demand right of registration, the Holders of the
      Representatives' Unit Purchase Options shall have the right for a period of
      seven years commencing on the Effective Date, to include the Registrable
      Securities as part of any other registration of securities filed by the Company
      (other than in connection with a transaction contemplated by Rule 145(a)
      promulgated under the Act or pursuant to Form S-8); provided, however, that
      if,
      in the written opinion of the Company’s managing underwriter or underwriters, if
      any, for such offering, the inclusion of the Registrable Securities, when added
      to the securities being registered by the Company or the selling stockholder(s),
      will exceed the maximum amount of the Company’s securities which can be marketed
      (i) at a price reasonably related to their then current market value, and (ii)
      without materially and adversely affecting the entire offering, then the Company
      will still be required to include the Registrable Securities, but may require
      the Holders to agree, in writing, to delay the sale of all or any portion of
      the
      Registrable Securities for a period of 90 days from the effective date of the
      offering, provided, further, that if the sale of any Registrable Securities
      is
      so delayed, then the number of securities to be sold by all stockholders in
      such
      public offering during such 90 day period shall be apportioned pro rata among
      all such selling stockholders, including all holders of the Registrable
      Securities, according to the total amount of securities of the Company owned
      by
      said selling stockholders, including all holders of the Registrable Securities.
      

    

    
      
        
        

      

      
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    ii) The
      Company shall bear all fees and expenses attendant to registering the
      Registrable Securities, including the expenses of any legal counsel selected
      by
      the Holders to represent them in connection with the sale of the Registrable
      Securities but the Holders shall pay any and all underwriting commissions
      related to the Registrable Securities. In the event of such a proposed
      registration, the Company shall furnish the then Holders of outstanding
      Registrable Securities with not less than fifteen days written notice prior
      to
      the proposed date of filing of such registration statement. Such notice to
      the
      Holders shall continue to be given for each applicable registration statement
      filed (during the period in which the Representatives' Unit Purchase Option
      is
      exercisable) by the Company until such time as all of the Registrable Securities
      have been registered and sold. The holders of the Registrable Securities shall
      exercise the “piggy-back” rights provided for herein by giving written notice,
      within ten days of the receipt of the Company’s notice of its intention to file
      a registration statement. The Company shall cause any registration statement
      filed pursuant to the above “piggyback” rights to remain effective for at least
      nine months from the date that the Holders of the Registrable Securities are
      first given the opportunity to sell all of such securities. 

     

    

    c)
      Indemnification.

    

    i) The
      Company shall indemnify the Holder(s) of the Registrable Securities to be sold
      pursuant to any registration statement hereunder and each person, if any, who
      controls such Holders within the meaning of Section 15 of the Act or Section
      20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
      against all loss, claim, damage, expense or liability (including all reasonable
      attorneys’ fees and other expenses reasonably incurred in investigating,
      preparing or defending against litigation, commenced or threatened, or any
      claim
      whatsoever whether arising out of any action between the Underwriter and the
      Company or between the Underwriter and any third party or otherwise) to which
      any of them may become subject under the Act, the Exchange Act or otherwise,
      arising from such registration statement but only to the same extent and with
      the same effect as the provisions pursuant to which the Company has agreed
      to
      indemnify the Underwriters contained in Section 5 of the Underwriting Agreement
      between the Company, Newbridge, I-Bankers and the other Underwriters named
      therein dated the Effective Date. 

    

    The
      Holder(s) of the Registrable Securities to be sold pursuant to such registration
      statement, and their successors and assigns, shall severally, and not jointly,
      indemnify the Company, its officers and directors and each person, if any,
      who
      controls the Company within the meaning of Section 15 of the Act or Section
      20(a) of the Exchange Act, against all loss, claim, damage, expense or liability
      (including all reasonable attorneys’ fees and other expenses reasonably incurred
      in investigating, preparing or defending against any claim whatsoever) to which
      they may become subject under the Act, the Exchange Act or otherwise, arising
      from information furnished by or on behalf of such Holders, or their successors
      or assigns, in writing, for specific inclusion in such registration statement
      to
      the same extent and with the same effect as the provisions contained in Section
      5 of the Underwriting Agreement pursuant to which the Underwriters have agreed
      to indemnify the Company. 

    

    ii) Nothing
      contained in this Representatives' Unit Purchase Option shall be construed
      as
      requiring the Holder(s) to exercise their Representatives' Unit Purchase Options
      or Warrants underlying such Representatives' Unit Purchase Options prior to
      or
      after the initial filing of any registration statement or the effectiveness
      thereof.

    

    
      
        
        

      

      
        Page
          5 of 12

        
          

        

      

      
        
        

      

    

    iii) The
      Company shall furnish Newbridge and I-Bankers, as Representatives of the
      Holders, participating in any of the foregoing offerings, a signed counterpart,
      addressed to the participating Holders, of (i) an opinion of counsel to the
      Company, dated the Effective Date of such registration statement (and, if such
      registration includes an underwritten public offering, an opinion dated the
      date
      of the closing under any underwriting agreement related thereto), and (ii)
      a
“cold comfort” letter dated the Effective Date of such registration statement
      (and, if such registration includes an underwritten public offering, a letter
      dated the date of the closing under the underwriting agreement) signed by the
      independent public accountants who have issued a report on the Company’s
      financial statements included in such registration statement, in each case
      covering substantially the same matters with respect to such registration
      statement (and the prospectus included therein) and, in the case of such
      accountants’ letter, with respect to events subsequent to the date of such
      financial statements, as are customarily covered in opinions of issuer’s counsel
      and in accountants’ letters delivered to underwriters in underwritten public
      offerings of securities. 

    

    The
      Company shall also deliver promptly to Newbridge and I-Bankers, as
      Representatives of the Holders participating in the offering, the correspondence
      and memoranda described below and copies of all correspondence between the
      Commission and the Company, its counsel or auditors and all memoranda relating
      to discussions with the Commission or its staff with respect to the registration
      statement and permit the as Representatives to do such investigation, upon
      reasonable advance notice, with respect to information contained in or omitted
      from the registration statement as it deems reasonably necessary to comply
      with
      applicable securities laws or rules of the National Association of Securities
      Dealers, Inc. (the “NASD”). Such investigation shall include access to books,
      records and properties and opportunities to discuss the business of the Company
      with its officers and independent auditors, all to such reasonable extent and
      at
      such reasonable times and as often as Newbridge and I-Bankers, as
      Representatives of the Holders, shall reasonably request. The Company shall
      not
      be required to disclose any confidential information or other records to
      Newbridge and I-Bankers, as Representatives of the Holders, or to any other
      person, until and unless such persons shall have entered into reasonable
      confidentiality agreements (in form and substance reasonably satisfactory to
      the
      Company), with the Company with respect thereto.

    

    iv) The
      Company shall enter into an underwriting agreement with the managing
      underwriter(s), if any, selected by any Holders whose Registrable Securities
      are
      being registered pursuant to this Section 5, which managing underwriter shall
      be
      reasonably acceptable to the Company. Such agreement shall be reasonably
      satisfactory in form and substance to the Company, each Holder and such managing
      underwriters, and shall contain such representations, warranties and covenants
      by the Company and such other terms as are customarily contained in agreements
      of that type used by the managing underwriter. The Holders shall be parties
      to
      any underwriting agreement relating to an underwritten sale of their Registrable
      Securities and may, at their option, require that any or all the
      representations, warranties and covenants of the Company to or for the benefit
      of such underwriters shall also be made to and for the benefit of such Holders.
      Such Holders shall not be required to make any representations or warranties
      to
      or agreements with the Company or the underwriters except as they may relate
      to
      such Holders and their intended methods of distribution. Such Holders, however,
      shall agree to such covenants and indemnification and contribution obligations
      for selling stockholders as are customarily contained in agreements of that
      type
      used by the managing underwriter. Further, such Holders shall execute
      appropriate custody agreements and otherwise cooperate fully in the preparation
      of the registration statement and other documents relating to any offering
      in
      which they include securities pursuant to this Section 5. Each Holder shall
      also
      furnish to the Company such information regarding itself, the Registrable
      Securities held by it, and the intended method of disposition of such securities
      as shall be reasonably required to effect the registration of the Registrable
      Securities. 

    

    v) Notwithstanding
      anything contained in this Section 5 to the contrary, the Company shall have
      no
      obligation pursuant to Sections 5(a) or 5(b) for the registration of Registrable
      Securities held by any Holder (i) where such Holder would then be entitled
      to
      sell under Rule 144 within any three-month period (or such other period
      prescribed under Rule 144 as may be provided by amendment thereof) all of the
      Registrable Securities then held by such Holder, and (ii) where the number
      of
      Registrable Securities held by such Holder is within the volume limitations
      under paragraph (e) of Rule 144 (calculated as if such Holder were an affiliate
      within the meaning of Rule 144). 

    

    vi) Each
      Holder agrees, that upon receipt of any written notice from the Company of
      the
      happening of any event as a result of which the prospectus included in the
      Registration Statement, as then in effect, includes an untrue statement of
      a
      material fact or omits to state a material fact required to be stated therein
      or
      necessary to make the statements therein not misleading in light of the
      circumstances then existing, such Holder will immediately discontinue
      disposition of Registrable Securities pursuant to the Registration Statement
      covering such Registrable Securities until such Holder’s receipt of the copies
      of a supplemental or amended prospectus, and, if so desired by the Company,
      such
      Holder shall deliver to the Company (at the expense of the Company) or destroy
      (and deliver to the Company a certificate of such destruction) all copies,
      other
      than permanent file copies then in such Holder’s possession, of the prospectus
      covering such Registrable Securities current at the time of receipt of such
      notice. 

     

    
      
        
        

      

      
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              6)

            	
              ADJUSTMENTS
                

            

    

    

    a)
      Exercise
      Price and Number of Securities.
      The
      Exercise Price and the number of Units underlying the Representatives' Unit
      Purchase Option shall be subject to adjustment from time to time as hereinafter
      set forth: 

    

    i) If
      after
      the date hereof, and subject to the provisions of Section 6(c) below, the number
      of shares of outstanding common stock is increased by a stock dividend payable
      in common stock or by a split-up of common stock or other similar event, then,
      on the effective date thereof, the number of shares of common stock underlying
      each of the Units purchasable hereunder shall be increased in proportion to
      such
      increase in outstanding shares. In such case, the number of shares of common
      stock, and the exercise price applicable thereto, underlying the Warrants
      underlying each of the Units purchasable hereunder shall be adjusted in
      accordance with the terms of the Warrants. For example, if prior to a Business
      Combination the Company declares a two-for-one stock dividend and at the time
      of
      such dividend this Representatives' Unit Purchase Option is for the purchase
      of
      one Unit at $100.00 per whole Unit (each Warrant underlying the Units is
      exercisable for $8.80 per share), upon effectiveness of the dividend, this
      Representatives' Unit Purchase Option will be adjusted to allow for the purchase
      of one Unit at $100.00 per Unit, each Unit entitling the holder to receive
      of up
      to a total of 18,000 Series A Units and/or up to a total of 300,000 Series
      B
      Units. For the Series A Units, the Holder shall receive two shares of Common
      Stock and eight Class A Warrants (each Class A Warrant exercisable for $4.40
      per
      share). For the Series B Units, the Holder shall receive two Class B Common
      Shares and two Class B Warrants (each Class B Warrant exercisable for $4.40
      per
      share).

    

    ii) If
      after
      the date hereof, and subject to the provisions of Section 6(c), the number
      of
      outstanding shares of common stock is decreased by a consolidation, combination
      or reclassification of the common stock or other similar event, then, on the
      effective date thereof, the number of shares of common stock underlying each
      of
      the Units purchasable hereunder shall be decreased in proportion to such
      decrease in outstanding shares. In such case, the number of shares of common
      stock, and the exercise price applicable thereto, issuable upon exercise of
      the
      Warrants included in each of the Units purchasable hereunder shall be adjusted
      in accordance with the terms of the Warrants. 

    

    iii) In
      case
      of any reclassification or reorganization of the outstanding common stock other
      than a change covered by Section 6(a)(i) or 6(a)(ii) hereof or that solely
      affects the par value of such common stock, or in the case of 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 common stock), or in the case of any sale or conveyance to another
      corporation or entity of the property of the Company as an entirety or
      substantially as an entirety in connection with which the Company is dissolved,
      the Holder of this Representatives' Unit Purchase Option shall have the right
      thereafter (until the expiration of the right of exercise of this
      Representatives' Unit Purchase Option) to receive upon the exercise hereof,
      for
      the same aggregate Exercise Price payable hereunder immediately prior to such
      event, the kind and amount of shares of stock or other securities or property
      (including cash) receivable upon such reclassification, reorganization, merger
      or consolidation, or upon a dissolution following any such sale or transfer,
      by
      a Holder of the number of Common Stock of the Company obtainable upon exercise
      of this Representatives' Unit Purchase Option and the underlying Warrants
      immediately prior to such event; and if any reclassification also results in
      a
      change in Common Stock covered by Section 6(a)(i) or 6(a)(ii), then such
      adjustment shall be made pursuant to Sections 6(a)(i), 6(a)(ii) and this Section
      6(a)(iii). The provisions of this Section 6(a)(iii) shall similarly apply to
      successive reclassifications, reorganizations, mergers or consolidations, sales
      or other transfers. 

    

    iv) This
      form
      of Representatives' Unit Purchase Option need not be changed because of any
      change pursuant to this Section, and Representatives' Unit Purchase Options
      issued after such change may state the same Exercise Price and the same number
      of Units as are stated in the Representatives' Unit Purchase Options initially
      issued pursuant to this Agreement. The acceptance by any Holder of the issuance
      of new Representatives' Unit Purchase Options reflecting a required or
      permissive change shall not be deemed to waive any rights to an adjustment
      occurring after the Commencement Date or the computation thereof. 

    

    
      
        
        

      

      
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          7 of 12

        
          

        

      

      
        
        

      

    

    b)
      Substitute
      Representatives' Unit Purchase Option.
      In case
      of any consolidation of the Company with, or merger of the Company with, or
      merger of the Company into, another corporation (other than a consolidation
      or
      merger which does not result in any reclassification or change of the
      outstanding common stock), the corporation formed by such consolidation or
      merger shall execute and deliver to the Holder a supplemental Representatives'
      Unit Purchase Option providing that the holder of each Representatives' Unit
      Purchase Option then outstanding or to be outstanding shall have the right
      thereafter (until the stated expiration of such Representatives' Unit Purchase
      Option) to receive, upon exercise of such Representatives' Unit Purchase Option,
      the kind and amount of shares of stock and other securities and property
      receivable upon such consolidation or merger, by a holder of the number of
      common stock of the Company for which such Representatives' Unit Purchase Option
      might have been exercised immediately prior to such consolidation, merger,
      sale
      or transfer. Such supplemental Representatives' Unit Purchase Option shall
      provide for adjustments which shall be identical to the adjustments provided
      in
      Section 6. The above provision of this Section shall similarly apply to
      successive consolidations or mergers. 

    

    c)
      Fractional
      Interests.
      The
      Company shall not be required to issue certificates representing fractions
      of
      Common Stock, Class B Common Stock or Warrants upon the exercise of the
      Representatives' Unit Purchase Option, nor shall it be required to issue scrip
      or pay cash in lieu of any fractional interests, it being the intent of the
      parties that all fractional interests shall be eliminated by rounding any
      fraction up to the nearest whole number of Warrants, Common Stock, Class B
      Common Stock or other securities, properties or rights. 

    

    
      	
              7)

            	
              RESERVATION
                AND LISTING

            

    

    

    a)
      The
      Company shall at all times reserve and keep available out of its authorized
      Common Stock and Class B Common Stock, solely for the purpose of issuance upon
      exercise of the Representatives' Unit Purchase Options or the Warrants
      underlying the Representatives' Unit Purchase Option, such number of shares
      of
      Common Stock, Class B Common Stock or other securities, properties or rights
      as
      shall be issuable upon the exercise thereof. The Company covenants and agrees
      that, upon exercise of the Representatives' Unit Purchase Options and payment
      of
      the Exercise Price therefor, all Common Stock, Class B Common Stock and other
      securities issuable upon such exercise shall be duly and validly issued, fully
      paid and non-assessable and not subject to preemptive rights of any stockholder.
      The Company further covenants and agrees that upon exercise of the Warrants
      underlying the Representatives' Unit Purchase Options and payment of the
      respective Warrant exercise price therefor, all Common Stock and other
      securities issuable upon such exercise shall be duly and validly issued, fully
      paid and non-assessable and not subject to preemptive rights of any stockholder.
      

    

    b)
      As
      long
      as the Representatives' Unit Purchase Options shall be outstanding, the Company
      shall use its best efforts to cause all (i) Units, Common Stock and Class B
      Common Stock issuable upon exercise of the Representatives' Unit Purchase
      Options; (ii) Warrants issuable upon exercise of the Representatives' Unit
      Purchase Options; and (iii) Common Stock issuable upon exercise of the Warrants
      included in the Units issuable upon exercise of the Representatives' Unit
      Purchase Option to be listed (subject to official notice of issuance) on all
      securities exchanges (or, if applicable on the Nasdaq National Market, SmallCap
      Market, OTC Bulletin Board or any successor trading market) on which the Units,
      the Common Stock, Class B Common Stock or the Public Warrants issued to the
      public in connection herewith may then be listed and/or quoted. 

    

    
      	
              8)

            	
              CERTAIN
                NOTICE REQUIREMENTS

            

    

    

    a)
      Right
      to Notice.
      Nothing
      herein shall be construed as conferring upon the Holders the right to vote
      or
      consent as a stockholder for the election of directors or any other matter,
      or
      as having any rights whatsoever as a stockholder of the Company. If, however,
      at
      any time prior to the expiration of the Representatives' Unit Purchase Options
      and their exercise, any of the events described in Section 8(b) shall occur,
      then, in one or more of said events, the Company shall give written notice
      of
      such event at least fifteen days prior to the date fixed as a record date or
      the
      date of closing the transfer books for the determination of the stockholders
      entitled to such dividend, distribution, conversion or exchange of securities
      or
      subscription rights, or entitled to vote on such proposed dissolution,
      liquidation, winding up or sale. Such notice shall specify such record date
      or
      the date of the closing of the transfer books, as the case may be.
      Notwithstanding the foregoing, the Company shall deliver to each Holder a copy
      of each notice given to the other stockholders of the Company at the same time
      and in the same manner that such notice is given to the stockholders.

    

    
      
        
        

      

      
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          8 of 12

        
          

        

      

      
        
        

      

    

    b)
      Enumerated
      Events.
      The
      Company shall be required to give the notice described in this Section 8 upon
      one or more of the following events: (i) if the Company shall take a record
      of
      the holders of its common stock for the purpose of entitling them to receive
      a
      dividend or distribution payable otherwise than in cash, or a cash dividend
      or
      distribution payable otherwise than out of retained earnings, as indicated
      by
      the accounting treatment of such dividend or distribution on the books of the
      Company; or (ii) the Company shall offer to all the holders of its common stock
      any additional shares of capital stock of the Company or securities convertible
      into or exchangeable for shares of capital stock of the Company, or any option,
      right or warrant to subscribe therefor; or (iii) a dissolution, liquidation
      or
      winding up of the Company (other than in connection with a consolidation or
      merger) or a sale of all or substantially all of its property, assets and
      business shall be proposed. 

    

    c)
      Change
      in Exercise Price.
      The
      Company shall, promptly after an event requiring a change in the Exercise Price
      pursuant to Section 6 hereof, send notice to the Holders of such event and
      change (the “Price Notice”). The Price Notice shall describe the event causing
      the change and the method of calculating same and shall be certified as being
      true and accurate by the Company’s President and Chief Financial
      Officer.

    

    d)
      Notice
      Delivery.
      All
      notices, requests, consents and other communications under this Representatives'
      Unit Purchase Option shall be in writing and shall be deemed to have been duly
      made when hand delivered, or sent via confirmed facsimile transmission, email
      or
      receipted overnight courier (: (i) If to the registered Holder of the
      Representatives' Unit Purchase Option, to the address of such Holder as shown
      on
      the books of the Company; or (ii) If to the Company, to the following address
      or
      to such other address as the Company may designate by notice to the Holders:
      

    

    Middle
      Kingdom Alliance Corp.

    333
      Sandy
      Springs Circle, Suite 223

    Atlanta,
      GA 30328

    Attn:
      David Rapaport, Secretary and General Counsel

    Fax:
      404-257-9125

    Email:
      drapaport@highcapus.com

    

    
      	
              9)

            	
              MISCELLANEOUS

            

    

    

    a)
      Amendments.
      The
      Company, Newbridge and I-Bankers may from time to time supplement or amend
      this
      Representatives' Unit Purchase Option without the approval of any of the Holders
      in order to cure any ambiguity, to correct or supplement any provision contained
      herein that may be defective or inconsistent with any other provisions herein,
      or to make any other provisions in regard to matters or questions arising
      hereunder that the Company, Newbridge and I-Bankers may deem necessary or
      desirable and that the Company, Newbridge and I-Bankers deem shall not adversely
      affect the interest of the Holders. All other modifications or amendments shall
      require the written consent of and be signed by the party against whom
      enforcement of the modification or amendment is sought. 

    

    b)
      Headings.
      The
      headings contained herein are for the sole purpose of convenience of reference,
      and shall not in any way limit or affect the meaning or interpretation of any
      of
      the terms or provisions of this Representatives' Unit Purchase Option.

    

    c)
      Entire
      Agreement.
      This
      Representatives' Unit Purchase Option (together with the other agreements and
      documents being delivered pursuant to or in connection with this
      Representatives' Unit Purchase Option) constitutes the entire agreement of
      the
      parties hereto with respect to the subject matter hereof, and supersedes all
      prior agreements and understandings of the parties, oral and written, with
      respect to the subject matter hereof. 

    

    d)
      Binding
      Effect.
      This
      Representatives' Unit Purchase Option shall inure solely to the benefit of,
      and
      shall be binding upon, the Holder and the Company and their permitted assignees,
      respective successors, legal representative and assigns, and no other person
      shall have or be construed to have any legal or equitable right, remedy or
      claim
      under or in respect of or by virtue of this Representatives' Unit Purchase
      Option or any provisions herein contained.

    

    
      
        
        

      

      
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          9 of 12

        
          

        

      

      
        
        

      

    

    e)
      Governing
      Law.
      This
      Representatives' Unit Purchase Option shall be governed by and construed and
      enforced in accordance with the laws of the State of Florida, without giving
      effect to conflict of laws. The Company hereby agrees that any action,
      proceeding or claim against it arising out of, relating in any way to this
      Agreement shall be brought and enforced in the courts of the State of Florida
      of
      the United States of America for the Southern District of Florida, 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 inconvenient 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 8(d) hereof. Such mailing
      shall be deemed personal service and shall be legal and binding upon the Company
      in any action, proceeding or claim. The Company agrees that the prevailing
      party(ies) in any such action shall be entitled to recover from the other
      party(ies) all of its reasonable attorneys’ fees and expenses relating to such
      action or proceeding and/or incurred in connection with the preparation
      therefor.

    

    f)
      Waivers.
      The
      failure of the Company or the Holder to at any time enforce any of the
      provisions of this Representatives' Unit Purchase Option shall not be deemed
      or
      construed to be a waiver of any such provision, nor to in any way affect the
      validity of this Representatives' Unit Purchase Option or any provision hereof
      or the right of the Company or any Holder to thereafter enforce each and every
      provision of this Representatives' Unit Purchase Option. No waiver of any
      breach, non-compliance or non-fulfillment of any of the provisions of this
      Representatives' Unit Purchase Option shall be effective unless set forth in
      a
      written instrument executed by the party or parties against whom or which
      enforcement of such waiver is sought; and no waiver of any such breach,
      non-compliance or non-fulfillment shall be construed or deemed to be a waiver
      of
      any other or subsequent breach, non-compliance or non-fulfillment. 

    

    g)
      Counterparts.
      This
      Representatives' Unit Purchase Option may be executed in one or more
      counterparts, and by the different parties hereto in separate counterparts,
      each
      of which shall be deemed to be an original, but all of which taken together
      shall constitute one and the same agreement, and shall become effective when
      one
      or more counterparts has been signed by each of the parties hereto and delivered
      to each of the other parties hereto. 

    

    h)
      Exchange
      Agreement.
      As a
      condition of the Holder’s receipt and acceptance of this Representatives' Unit
      Purchase Option, Holder agrees that, at any time prior to the complete exercise
      of this Representatives' Unit Purchase Option by Holder, if the Company,
      Newbridge and I-Bankers enter into an agreement (the “Exchange Agreement”)
      pursuant to which they agree that all outstanding Representatives' Unit Purchase
      Options will be exchanged for securities or cash or a combination of both,
      then
      Holder shall agree to such exchange and become a party to the Exchange
      Agreement.

    

    IN
      WITNESS WHEREOF, the Company has caused this Representatives' Unit Purchase
      Option to be signed by its duly authorized officer this __________day of
      __________________ 2006. 

    

    

    

    
      	 	
              MIDDLE
                KINGDOM ALLIANCE CORP.

              

              

              By:
                ________________________________

              Print
                Name: _________________________

              Title:
                _______________________________

            

    

    

    

    
      
        
        

      

      
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          12

        
          

        

      

      
        
        

      

    

    Form
      To Be Used To Exercise Representatives' Unit Purchase
      Option

    

    
      	TO:	
              Middle
                Kingdom Alliance Corp.

            

    

    333
      Sandy
      Springs Circle, Suite 223

    Atlanta,
      GA 30328

    Attn:
      David Rapaport, Secretary and General Counsel)

    

    Date:
      __________________, 20___

    

    The
      undersigned hereby elects irrevocably to exercise all or a portion of the within
      Representatives' Unit Purchase Option and to purchase ____________ Series A
      Units and/or _________ Series B Units of Middle Kingdom Alliance Corp. and
      hereby makes payment of $_____________(at the rate of $__________per Unit)
      in
      payment of the Exercise Price pursuant thereto. Please issue the Common Stock
      and Warrants as to which this Representatives' Unit Purchase Option is exercised
      in accordance with the instructions given below. 

    or
      

    The
      undersigned hereby elects irrevocably to convert its right to purchase
      ____________ Series A Units and/or _________ Series B Units purchasable under
      the within Representatives' Unit Purchase Option by surrender of the unexercised
      portion of the attached Representatives' Unit Purchase Option (with a “Value”
based of $________based on a “Market Price” of $___________). Please issue the
      securities comprising the Units as to which this Representatives' Unit Purchase
      Option is exercised in accordance with the instructions given below.

    

    ____________________________________

    [Authorized
      Signature]

    

    ____________________________________

    [Print
      Name]

    

    ____________________________________

    [Signature
      Guaranteed]

    

    INSTRUCTIONS
      FOR REGISTRATION OF SECURITIES

    

    Name:
       _________________________________________________

    [Print
      in
      Block Letters]

    

    Address: _________________________________________________

    _________________________________________________

    

    NOTICE:
      THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE
      FACE OF THE WITHIN REPRESENTATIVES' UNIT PURCHASE OPTION IN EVERY PARTICULAR
      WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE
      GUARANTEED BY A BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR BY
      A
      FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES
      EXCHANGE.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    Form
      To Be Used To Assign Representatives' Unit Purchase
      Option

    

    ASSIGNMENT

    

    (To
      be
      executed by the registered Holder to effect a transfer of the within
      Representatives' Unit Purchase Option) 

    

    FOR
      VALUE
      RECEIVED, _________________________ does hereby sell, assign and transfer unto
      _____________________the right to purchase___________ Series A Units and/or
      _____________ Series B Units of Middle Kingdom Alliance Corp. (the “Company”)
      evidenced by the within Representatives' Unit Purchase Option and does hereby
      authorize the Company to transfer such right on the books of the Company.

    

    Date:
      ________________________, 20___

    

    

    ____________________________________

    [Authorized
      Signature]

    

    

    ____________________________________

    [Print
      Name]

    

    

    ____________________________________

    [Signature
      Guaranteed]

    

    NOTICE:
      THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE
      FACE OF THE WITHIN REPRESENTATIVES' UNIT PURCHASE OPTION IN EVERY PARTICULAR
      WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE
      GUARANTEED BY A BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR BY
      A
      FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]