Document:

Form of Warrant Purchase Agreement

 EXHIBIT 10.16 
 2020 CHINACAP ACQUIRCO, INC. 
 WARRANT 
 PURCHASE AGREEMENT 
 THIS WARRANT PURCHASE AGREEMENT (the
“Agreement”) is made as of                         , 2007 between 2020 ChinaCap Acquirco, Inc., a company
incorporated under the laws of Delaware (the “Company”), Win Wide International Ltd., an international business company incorporated under the laws of the British Virgin Islands (“Win Wide”), and G. George Lu (“Lu” and,
together with Win Wide, the “Purchasers”). Except as otherwise indicated herein, capitalized terms used herein are defined in Section 9 hereof. 
 WHEREAS, Lu, the Chief Executive Officer of the Company, Jianming Yu, a director of the Company, and Yanmei May Yang, the spouse of Lu (the “Insiders”), collectively own in the aggregate approximately
67% of the shares in Win Wide (the “Insiders’ Percentage Interest”). 
 WHEREAS, in furtherance of the Company’s
plan to obtain funding through an initial public offering (the “Offering”) of its units (the “Units”), each Unit consisting of one share of common stock (the “Unit Common Stock”) and one warrant to purchase one share of
common stock (the “Unit Warrants” or a “Unit Warrant”) and to demonstrate the commitment of the initial stockholders of the Company to this plan, the Purchasers desire to make an investment in the Company by purchasing a total of
2,000,000 warrants (the “Warrants”) on the terms and conditions described herein; and 
 WHEREAS, the consummation of this
Agreement is a condition to the closing of the Offering as described in the Underwriting Agreement by and between the Company and Morgan Joseph & Co. Inc. (the “Representative”), which Underwriting Agreement is filed as an exhibit
to the Company’s registration statement on Form S-1, SEC File No. 333-142255, filed with the Securities and Exchange Commission (the “Commission”), as the same has been and may be amended from time to time hereafter (the
“Registration Statement”). 
 NOW THEREFORE, in consideration of the mutual promises contained in this Agreement and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 
 1. AUTHORIZATION, PURCHASE AND SALE; TERMS OF THE WARRANTS. 
 A. Authorization of the Warrants. The Company has
authorized, and hereby ratifies such authorization by execution hereof, the issuance and sale to Win Wide of an aggregate of                  Warrants and the issuance
and sale to Lu of an aggregate of                  Warrants. Each Warrant shall, upon exercise and payment of the exercise price specified therein, entitle the holder
thereof to purchase one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”). 
 B.
Purchase and Sale of the Warrants. The Company shall sell to the Purchasers, and subject to the terms and conditions set forth herein, the Purchasers shall purchase from the Company, prior to the effectiveness of the Registration Statement, an
aggregate of 2,000,000 Warrants. The purchase price of each Warrant shall be $1.00 per warrant (the “Purchase Price”), which shall be paid in immediately available funds through wire transfers to the trust account (the “Trust
Account”) to be established pursuant to that certain Investment Management Trust Agreement by and between the Company and LaSalle Bank National Association (the “Escrow Agent”). The Purchase Price shall be wired to the Trust Account
by the Purchasers so as to be on deposit in the Trust Account not less than 24 hours prior to the effectiveness of the Registration Statement. 
  

 C. Terms of the Warrants and Transfer Restrictions on the Insiders. The Warrants shall carry
rights and terms identical to those possessed by the Unit Warrants described in the Registration Statement, subject to the following exceptions: the Warrants (i) will not be transferable, salable or assignable in any manner by the Purchasers,
until such time as the Company has completed a Business Combination, except as expressly provided in this Section 1.C., (ii) may be exercisable on a cashless basis so long as such warrants are held by Lu or by Win Wide or its Affiliates
and (iii) together with the shares of Common Stock underlying the Warrants, are and will be entitled to registration rights under the registration rights agreement (the “Registration Rights Agreement”) to be signed contemporaneously
herewith between Win Wide, the Initial Stockholders (as such term is defined in the Registration Statement) and the Company. In accordance with clause (i) above, prior to a Business Combination, Win Wide will not engage in certain transactions
which would result in a decrease of the Insiders’ Percentage Interest, including, but not limited to the following: (a) the issuance of any security, debt or equity, that would be given priority under a Bankruptcy (as defined below),
(b) a recapitalization of Win Wide, (c) a merger, unless Win Wide is the surviving company, and on the condition that upon the request and satisfaction of the Company’s counsel, the surviving company will sign an instrument agreeing
to be bound by the terms of this Agreement, (d) the dissolution or the voluntary filing of Bankruptcy, except, in the case of dissolution, if the plan of dissolution results in the Insiders owning a percentage of Warrants equal to the Insiders
Percentage Interest and any transferee agrees to be bound by the terms of this Agreement, and (e) the pledge of or placing of any lien or other encumbrance on the Warrants. Solely with respect to the shareholders of Win Wide that receive a
proportionate share of the Warrants consistent with terms set forth in clause (d) of the preceding sentence, the transfer restriction set forth in clause (i) shall not apply to (a) transfers resulting from the death of any such
shareholder of Win Wide, (b) transfers by operation of law, (c) any transfer for estate planning purposes to natural persons immediately related to the transferor by blood, marriage or adoption, or (d) transfers to any trust solely
for the benefit of such Win Wide shareholder transferor and/or natural persons immediately related to the transferor by blood, marriage or adoption; provided, however, that with respect to each of the transfers described in clauses (a), (b),
(c) or (d), prior to such transfer, each permitted transferee or the trustee or legal guardian for each permitted transferee (hereinafter collectively, “Permitted Transferees” or a “Permitted Transferee”) agrees in writing
to be bound by the terms of this Agreement. Should any of the aforesaid Win Wide shareholders transfer or sell Warrants to persons other than Permitted Transferees after the Company has completed a Business Combination, then such Warrants shall on
the date of such transfer immediately become redeemable under the same terms as the Unit Warrants. Except as specifically provided in this Agreement, the terms of the Warrants shall in all other respects be as set forth in the warrant agreement
between Continental Stock Transfer & Trust Company, as warrant agent, and the Company (the “Warrant Agreement”) relating to the Unit Warrants. In the event of any conflict between this Agreement and the Warrant Agreement, the
terms and provisions of which are incorporated herein by reference, this Agreement shall control. 
 2. THE CLOSING. The closing of the purchase and
sale of the Warrants to the Purchasers (the “Closing”) shall take place at the offices of the Representative prior to the effectiveness of the Registration Statement. At the Closing, the Company shall deliver to the Escrow Agent for
deposit, warrant certificates evidencing the Warrants to be purchased by Win Wide and Lu, registered in each Purchaser’s respective name according to the number of Warrants each has agreed to purchase, upon the payment of the aggregate purchase
price therefor, by wire transfer of immediately available funds to the Trust Account. 
 3. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. As a
material inducement to Win Wide and Lu to enter into this Agreement and purchase the Warrants, the Company hereby represents and warrants that: 
  

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 A. Organization and Corporate Power. The Company is a corporation duly organized, validly existing
and in good standing under the laws of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or
assets of the Company. The Company possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement. 
 B. Authorization; No Breach. 
 (i) The execution, delivery and performance of this
Agreement will have been duly authorized by the Company as of the Closing upon the approval by the Company and its Board of Directors. This Agreement constitutes a valid and binding obligation of the Company, enforceable in accordance with its terms
upon its execution. 
 (ii) The execution and delivery by the Company of this Agreement, the sale and issuance of the Warrants
hereunder, the issuance of the Common Stock upon exercise of the Warrants (except, with respect thereto, any filings required under Federal or state securities laws or issuance of one or more legal opinions in form and content reasonably
satisfactory to the Company pertaining to the availability of one or more exemptions with respect to the issuance of the Warrants under applicable securities laws) and the fulfillment of and compliance with the respective terms hereof and thereof by
the Company, do not and will not as of the Closing (a) conflict with, or result in breach of, the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest, charge or
encumbrance upon the Company’s capital stock or assets pursuant to, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court
or administrative or governmental body or agency pursuant to the Amended and Restated Certificate of Incorporation of the Company or the Amended and Restated Bylaws of the Company, or any material law, statute, rule or regulation to which the
Company is subject, or any agreement, order, judgment or decree to which the Company is subject, except for any filings required after the date hereof under Federal or state securities laws. 
 C. Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Warrants to be purchased hereunder and,
upon exercise of the Warrants, payment of the exercise price set forth therein and conformance with the other provisions relating to the exercise thereto, the Common Stock issuable upon exercise of such Warrants will be duly and validly issued,
fully paid, nonassessable, and each Purchaser will have or receive good title to such Securities (as defined in Section 4.C(i)), free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions
hereunder and under the other agreements contemplated hereby, (ii) transfer restrictions under Federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Purchasers. 
 D. Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority is
required in connection with the execution, delivery and performance by the Company of this Agreement, or the consummation by the Company of any other transactions contemplated hereby. 
 E. Disclosure. (i) The Company will provide the Purchasers with a copy of any and all amendments to the Registration Statement filed by the
Company with the Commission prior to the Closing; and (ii) to the best of the Company’s knowledge as of the date hereof, neither this Agreement nor the Registration Statement, taken as a whole, contains any untrue statement of a material
fact or omits to state a material fact necessary to make the statements herein or therein not misleading in light of the circumstances in which such statements were made. 
  

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 4. REPRESENTATIONS, WARRANTIES AND COVENANTS OF WIN WIDE. As a material inducement to the Company to enter into
this Agreement and issue and sell the Warrants to the Purchasers, each Purchaser hereby represents, warrants and covenants to the Company (which representations, warranties and covenants shall survive the Closing) that: 
 A. Organization and Corporate Power. Win Wide is an international business company organized, validly existing and in good standing under the laws
of the British Virgin Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the
Company. Win Wide possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement. 
 B. Authorization; No Breach. 
 (i) Each Purchaser has the full right, power and authority to enter into this
Agreement and this Agreement is a valid and legally binding obligation of the Purchasers enforceable against them in accordance with its terms.  
 (ii) The execution and delivery by the Purchasers of this Agreement and the fulfillment of and compliance with the respective terms hereof
by the Purchasers do not and shall not as of the Closing conflict with or result in a breach of the terms, conditions or provisions of any other agreement, instrument, order, judgment or decree to which a Purchaser is subject. 
 C. Investment Representations. 
 (i) The Purchasers are acquiring the Warrants and, upon exercise thereof, the Common Stock issuable upon such exercise (collectively, the “Securities”) for their own accounts, for investment only and not
with a view towards, or for resale in connection with, any public sale or distribution thereof. 
 (ii) Each Purchaser is an
“accredited investor” as defined in Rule 501(a)(3) of Regulation D. 
 (iii) Each Purchaser understands that the
Securities are being offered and sold in reliance on specific exemptions from the registration requirements of United States Federal and state securities laws and that the Company is relying in part upon the truth and accuracy of, and the
Purchasers’ compliance with, the representations, warranties and agreements of the Purchasers set forth herein in order to determine the availability of such exemptions and the eligibility of the Purchasers to acquire such Securities.

 (iv) The Purchasers initiated discussions with the Company relating to the purchase and sale of the Securities contemplated
by this Agreement on an unsolicited basis prior to the date of this Agreement. The Purchasers did not initiate such discussions, nor did the Purchasers decide to enter into this Agreement, as a result of any general solicitation or general
advertising within the meaning of Rule 502(c) under the Securities Act of 1933, as amended (the “Securities Act”), including the filing of the Registration Statement. 
 (v) The Purchasers have been furnished with all materials relating to the business, finances and operations of the Company and materials
relating to the offer and sale of the Securities which have been requested by the Purchasers. Each Purchaser has been afforded the opportunity to ask questions of the executive officers and directors of the Company. Each Purchaser understands that
his or its investment in the 

  

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Securities involves a high degree of risk. The Purchasers have sought such accounting, legal and tax advice as they have considered necessary to make an
informed investment decision with respect to their acquisition of the Securities. The Purchasers have received and reviewed a copy of the Registration Statement, including without limitation, the language therein under the caption “Risk
Factors”. 
 (vi) The Purchasers understand that no United States Federal or state agency or any other government or
governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the Offering of the
Securities. 
 (vii) The Purchasers are investors in securities of companies in the development stage and acknowledges that
they are able to fend for themselves, have knowledge and experience in financial and business matters, know of the high degree of risk associated with investments generally and particularly investments in the securities of companies in the
development stage such as the Company, are capable of evaluating the merits and risks of an investment in the Securities and are able to bear the economic risk of an investment in the Securities in the amount contemplated hereunder. The Purchasers
have adequate means of providing for their current financial needs and contingencies and will have no current or anticipated future needs for liquidity which would be jeopardized by the investment in the Securities. The Purchasers can afford a
complete loss of its investment in the Securities. 
 (viii) The Purchasers understand that although the Company intends to
register the Securities for resale in the Registration Statement, such registration of the Securities may not occur. In the event the Securities are not registered for resale in the Registration Statement, the Purchasers understand (a) that
such Securities, having not been registered under the Securities Act or any state securities laws, may not be offered for sale, sold, assigned or transferred unless subsequently registered thereunder or sold in reliance on an exemption therefrom;
and (b) except as specifically set forth in the Registration Rights Agreement, neither the Company nor any other person is under any obligation to register such Securities under the Securities Act or any state securities laws or to comply with
the terms and conditions of any exemption thereunder. In this regard, the Purchasers represent that they are familiar with Rule 144 adopted pursuant to the Securities Act, and understand the resale limitations imposed thereby and by the Securities
Act. Each Purchaser is able to bear the economic risk of his or its investment in the Securities for an indefinite period of time. 
 (ix) Without in any way limiting the representations set forth above, in the event the Securities are not registered for resale in the Registration Statement, the Registration Statement ceases to be effective for any reason or the Company
does not maintain a current prospectus in connection with the Registration Statement, the Purchasers agree not to make any disposition of all or any portion of the Securities unless and until: (a) there is then in effect a registration
statement under the Securities Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or (b)(1) the Purchasers shall have notified the Company of the proposed disposition and shall have
furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition and (2) if requested by the Company, the Purchasers shall have furnished the Company with an opinion of counsel, satisfactory to the
Company, that such disposition will not require registration of such Securities under the Securities Act. Notwithstanding the foregoing, the Purchasers also understand and acknowledge that the transfer or exercise of the Warrants is subject to the
specific conditions to such transfer or exercise as outlined herein, as to which the Purchasers specifically assent by their execution hereof. The Purchasers’ obligations under this Section 4.C(ix) shall survive the Closing for so long as
Win Wide, any Insider or any permitted transferee thereof holds such Securities. 
  

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 D. Rescission Right, Waiver and Indemnification. 
 (i) Each Purchaser understands and acknowledges that an exemption from the registration requirements of the Securities Act requires that
there be no general solicitation of purchasers of the Warrants. In this regard, if the Offering of the Units were deemed to be a general solicitation with respect to the Warrants, the offer and sale of such Warrants may not be exempt from
registration and, if not, each Purchaser may have a right to rescind his or its purchase of the Warrants. In order to facilitate the completion of the Offering, from which each Purchaser expects to benefit, and in order to protect the Company, its
stockholders and the Trust Account from claims that may adversely affect the Company or the interests of the Company’s stockholders and Trust Account from claims that may adversely affect the Company or the interests of its stockholders, each
Purchaser hereby agrees to waive, to the maximum extent permitted by applicable law, any claims, right to sue or rights in law or arbitration, as the case may be, to seek rescission of the purchase of the Warrants. Each Purchaser acknowledges and
agrees that this waiver is being made in order to induce the Company to sell the Warrants to each Purchaser. Each Purchaser agrees that the foregoing waiver of rescission rights shall apply to any and all known or unknown actions, causes of action,
suits, claims, or proceedings (collectively, “Claims”) and related losses, costs, penalties, fees, liabilities and damages, whether compensatory, consequential or exemplary, and expenses in connection therewith (collectively, “Losses
and Expenses”) including reasonable attorneys’ and expert witness fees and disbursements and all other expenses reasonably incurred in investigating, preparing or defending against any Claims, whether pending or threatened, in connection
with any present or future actual or asserted right to rescind the purchase of the Warrants hereunder or relating to the purchase of the Warrants and the transactions contemplated hereby. 
 (ii) The Purchasers agree not to seek recourse against the Trust Account for any reason whatsoever, including but not limited to, in
connection with the purchase of the Warrants, or any Claim that may arise now or in the future. 
 (iii) The Purchasers agree
to jointly and severally indemnify and hold harmless the Company, the Representative and the Trust Account against any and all Losses and Expenses whatsoever to which the Company, the Representative and the Trust Account may become subject for any
reason including as a result of the purchase of the Warrants by the Purchasers, including, but not limited to, any Claim by the Purchasers for rescission of the Warrants, but only to the extent necessary to ensure that such Losses and Expenses do
not reduce the amount in the Trust Account. To the extent that the foregoing indemnification by the Purchasers may be unenforceable for any reason, the Purchasers agree to make the maximum contribution permissible by applicable law to the payment
and satisfaction of any Losses and Expenses relating to Claims that may or will otherwise reduce the amount in the Trust Account. 
 (iv) The Purchasers acknowledge and agree that the stockholders of the Company, including those who purchase the Units in the Offering, are and shall be third-party beneficiaries of the foregoing provisions of this Section 4.D of this
Agreement. 
 (v) The Purchasers agree that to the extent any waiver of rights under this Section 4.D is ineffective as a
matter of law, the Purchasers have offered such waiver for the benefit of the Company as an equitable right that shall survive any statutory disqualification or bar that applies to a legal right. The Purchasers acknowledge the receipt and
sufficiency of consideration received from the Company hereunder in this regard. 
 (vi) The Purchaser’s obligations
under this Section 4.D shall survive the Closing until the expiration of an applicable statute of limitations. 
  

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 5. CONDITIONS OF THE PURCHASER’S OBLIGATIONS AT THE CLOSING. The obligation of the Purchasers to purchase and
pay for the Warrants is subject to the fulfillment, at or before the Closing, of each of the following conditions: 
 A.
Representations and Warranties. The representations and warranties of the Company contained in Section 3, except for those stated to be made as of the date hereof, shall be true and correct in all material respects at and as of the Closing
as though then made, except to the extent of changes caused by the transactions expressly contemplated herein or in the prospectus contained in the Registration Statement. 
 B. Performance. The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are
required to be performed or complied with by it on or before the Closing. 
 C. Registration Statement. The Registration Statement
shall have been declared effective by the Commission and the closing of the Offering shall take place within four (4) Business Days of such effective date or, if the Registration Statement is declared effective before 2:00 p.m. on a Business
Day, the closing of the Offering shall take place within three (3) Business Days of such effective date. 
 6. CONDITIONS OF THE COMPANY’S
OBLIGATIONS AT THE CLOSING. The obligations of the Company to the Purchasers under this Agreement are subject to the fulfillment, at or before the Closing, of each of the following conditions: 
 A. Representations and Warranties. The representations and warranties of the Purchasers contained in Section 4 shall be true at and as of the
Closing as though then made. 
 B. Performance. The Purchasers shall have performed and complied with all agreements, obligations and
conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing. 
 C. Corporate
Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the issuance and sale of the Warrants hereunder. 
 7. TERMINATION. This Agreement may be terminated, or will terminate, as the case may be, at any time prior to the consummation of the Closing if the Offering is
not closed within the time periods described in the Underwriting Agreement after the Registration Statement is declared effective. 
 8. SURVIVAL
OF REPRESENTATIONS AND WARRANTIES. All of the representations and warranties contained herein shall survive the Closing for a period of six (6) months except as otherwise specifically provided herein. 
  

	9.	DEFINITIONS. For the purposes of this Agreement, the following terms have the meanings set forth: 

 “Affiliate” of any particular Person means any other Person controlling, controlled by or under common control with such particular Person,
where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership of voting securities, contract or otherwise. 
  

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 “Bankruptcy” means, with respect to any Person, 
 (i) the filing of an application by the Person for, or a consent to, the appointment of a trustee of the Person’s assets; 

(ii) the filing by the Person of a voluntary petition in bankruptcy or the filing of a pleading in any court of record admitting in
writing the Person’s inability to pay debts as they come due; 
 (iii) a general assignment by such Person for the
benefit of creditors; 
 (iv) the filing by the Person of an answer admitting the material allegations of, or the
Person’s consenting to, or defaulting in answering a bankruptcy petition filed against the Person in any bankruptcy proceeding; or 
 (v) the entry of an order, judgment or decree by any court of competent jurisdiction adjudicating the Person bankrupt or appointing a trustee, custodian, receiver or liquidator of such Person’s assets, which
order, judgment or decree continues unstayed and in effect for any period of sixty (60) days. 
 “Business Combination” means
a merger, stock exchange, asset acquisition or similar business combination of the Company with a target business or businesses which is its initial business combination and which meets the size, timing and other criteria outlined in the
Registration Statement. 
 “Business Day” means any day other than a Saturday, Sunday or Federal holiday in the United States.

 “Common Stock” means the Company’s Common Stock, par value $0.001 per share. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Person” means any individual, partnership, corporation, limited liability company, association, joint stock company, trust, joint venture,
unincorporated organization or governmental entity or any department, agency or political subdivision thereof. 
 “Securities Act”
means the Securities Act of 1933, as amended. 
 “Securities and Exchange Commission” or “Commission” means the United
States Securities and Exchange Commission. 
 10. MISCELLANEOUS. 
 A. Legends. 
 (i) The certificates evidencing the Warrants and, unless the
Registration Statement or any subsequent registration statement is then effective with respect to the Common Stock issuable upon exercise of the Warrants, the Common Stock, shall include the legend set forth below, which each Purchaser has read and
understands: 
 THESE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS 

  

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AMENDED, OR ANY STATE SECURITIES LAW, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. THESE SECURITIES ARE ALSO SUBJECT TO INVESTMENT REPRESENTATIONS AND RESTRICTIONS ON TRANSFER OR SALE PURSUANT TO A WARRANT PURCHASE AGREEMENT DATED
                    , 2007 (“PURCHASE AGREEMENT”) WHICH RESTRICTS THE TRANSFER THEREOF AS PROVIDED IN THE PURCHASE AGREEMENT, A COPY
OF WHICH CAN BE OBTAINED FROM THE COMPANY AT ITS EXECUTIVE OFFICES. 
 The certificates evidencing the Warrants shall also
include the following additional legend set forth below, which each Purchaser has read and understands: 
 FURTHER THESE SECURITIES SHALL BE
DEPOSITED INTO ESCROW AND SUBJECT TO THE TERMS OF THAT SECURITIES ESCROW AGREEMENT DATED                     , 2007 (“ESCROW
AGREEMENT”) WHICH ESCROW AGREEMENT RESTRICTS THE TRANSFER THEREOF, A COPY OF WHICH CAN BE OBTAINED FROM THE COMPANY AT ITS EXECUTIVE OFFICES. 
 (ii) By accepting the certificates bearing the aforesaid legend, each Purchaser agrees, prior to any permitted transfer of the Securities represented by the certificates and subject to the restrictions contained
herein, to give written notice to the Company expressing the desire to effect such transfer and describing briefly the proposed transfer. Upon receiving such notice, the Company shall present copies thereof to its counsel and the following
provisions shall apply: 
 (a) subject to the transfer restrictions contained elsewhere in this Agreement, if, in the
reasonable opinion of counsel to the Company, the proposed transfer of such Securities may be effected without violating the terms of this Agreement, or any applicable securities laws, the Company shall promptly thereafter notify such Purchaser,
whereupon such Purchaser shall be entitled to transfer such Securities, all in accordance with the terms of the notice delivered by the transferring Purchaser and upon such further terms and conditions as shall be required to ensure compliance with
this Agreement and all applicable securities laws, and, upon surrender of the certificate evidencing such Securities, in exchange therefor, a new certificate not bearing a legend of the character set forth above if such counsel reasonably believes
that such legend is no longer required under this Agreement; and 
 (b) subject to the transfer restrictions contained
elsewhere in this Agreement, if, in the reasonable opinion of counsel to the Company, the proposed transfer of such Securities may not be effected without registration under the Securities Act or the applicable state securities acts, a copy of such
opinion shall be promptly delivered to the transferring Purchaser, and such proposed transfer shall not be made unless such registration is then in effect. 
 (iii) The Company may, from time to time, make stop transfer notations in its records and deliver stop transfer instructions to its transfer agent to the extent its counsel considers it necessary to ensure compliance
with the Securities Act and the applicable state securities acts. 
  

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 B. Successors and Assigns. Except as otherwise expressly provided herein, all covenants and
agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not. Notwithstanding the foregoing or
anything to the contrary herein, the parties may not assign this Agreement. 
 C. Severability. Whenever possible, each provision of
this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of this Agreement. 
 D. Counterparts. This Agreement may
be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same Agreement. 
 E. Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a
substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than by limitation. 
 F. Governing Law. The general corporation law of the State of Delaware shall govern all issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement, without
giving effect to any choice of law or conflict of law rules or provisions that would cause the application of the laws of any jurisdiction other than the State of Delaware. 
 G. Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when delivered
personally to the recipient, sent to the recipient by reputable overnight courier service (charges prepaid), mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid, by facsimile transmission or by email
transmission (subject to electronic confirmation of receipt); provided, however, that an original copy of any notice, consent or request sent by facsimile transmission or by email transmission also shall be delivered to the addressee
of such notice, consent or request by Express Mail or similar private courier service within two (2) business days after such initial transmission. Such notices, demands and other communications shall be sent: 
 If to the Company or to Lu: 
 2020 China Cap
Acquirco, Inc. 
 c/o Surfmax Corporation 
 221 Boston Post Road East, Suite 410 
 Marlborough, Massachusetts 01752 
 Attention: G. George Lu 
 With a copy to: 
 Seyfarth Shaw LLP

 131 South Dearborn Street, Suite 2400 
 Chicago, Illinois 60603 
 (312) 460-5000 (telephone) 
 (312) 460-7000 (facsimile) 
 Attention: Michel J. Feldman, Esq. 
  

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 If to Win Wide: 
 Win Wide International Ltd. 
 c/o Surfmax Corporation 
 221 Boston Post Road East, Suite 410 
 Marlborough, Massachusetts 01752 
 Attention: G. George Lu 
 With a copy to: 
 Seyfarth Shaw LLP

 131 South Dearborn Street, Suite 2400 
 Chicago, Illinois 60603 
 (312) 460-5000 (telephone) 
 (312) 460-7000 (facsimile) 
 Attention: Michel J. Feldman, Esq. 
 H. No Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as
if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
 [signature pages follow] 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Warrant Purchase Agreement on the date
first written above. 

			
	
		
		 	 
		 	G. George Lu

			
	2020 CHINACAP ACQUIRCO, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	WIN WIDE INTERNATIONAL LTD.
		
	By:	 	 
	Name:	 	
	Title:Form of Registration Rights Agreement

 EXHIBIT 10.17 
 REGISTRATION RIGHTS AGREEMENT 
 THIS REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is entered into as of the                   day of
                    , 2007, by and among 2020 ChinaCap Acquirco, Inc., a Delaware corporation (the “Company”), and the
undersigned parties listed under Investors on the signature page hereto (each, an “Investor” and collectively, the “Investors”). 
 WHEREAS, the Investors currently hold all of the issued and outstanding securities of the Company; 
 WHEREAS, the Investors and the Company desire to enter into this Agreement to provide the Investors with certain rights relating to the registration of the Initial Investor Shares (as defined below), the Private
Placement Warrants (as defined below) and the Private Placement Warrant Shares (as defined below) held by them; 
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1.          DEFINITIONS; INTERPRETATION. As used herein, the word
“shares” may, as the context requires, be used in reference to units, warrants, rights, options or any other security, in addition to Common Stock. The following capitalized terms used herein have the following meanings: 

“Agreement” means this Agreement, as amended, restated, supplemented, or otherwise modified from time to time.

 “Business Combination” means the acquisition by the Corporation, whether by merger, capital stock
exchange, asset or stock acquisition or other similar type of transaction, of an operating business or businesses having collectively a fair market value of at least eighty percent (80%) of the Company’s net assets at the time of the
acquisition (provided that any acquisition of multiple operating businesses shall occur contemporaneously with one another) which (i) is located in the People’s Republic of China, the Hong Kong Special Administrative Region or the Macau
Special Administrative Region (collectively, “China”); (ii) has its principal operations located in China, or, (iii) in the view of the Board of Directors of the Company, would benefit from establishing operations in China.

 “Commission” means the Securities and Exchange Commission, or any other federal agency then administering
the Securities Act or the Exchange Act. 
 “Common Stock” means the common stock, par value $0.0001 per
share, of the Company. 
 “Company” is defined in the preamble to this Agreement. 
 “Demand Registration” is defined in Section 2.1.1. 

 “Demanding Holder” is defined in Section 2.1.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission
promulgated thereunder, all as the same shall be in effect at the time. 
 “First Release Date” means the
date the Private Placement Warrants may be distributed from escrow pursuant to Section 3 of that certain Securities Escrow Agreement dated as of the date hereof, by and among the parties thereto and LaSalle Bank National Association, a national
banking association. 
 “Form S-3” is defined in Section 2.3. 
 “Indemnified Party” is defined in Section 4.3. 
 “Indemnifying Party” is defined in Section 4.3. 
 “Initial Investor Shares” means all of the Common Stock held by the Investors before the IPO and the Private Placement
and any Common Stock issued as a dividend or other distribution with respect to or in exchange for or in replacement of such shares of Common Stock. 
 “Investor” is defined in the preamble to this Agreement. 
 “Investor Indemnified Party” is defined in Section 4.1. 
 “IPO” means the
Company’s initial public offering of securities. 
 Majority-in-interest” of Demanding Holders, or of any
other group of holders of Registrable Securities, means (i) after the First Release Date but prior to the Second Release Date, a majority-in-interest of the holders of Private Placement Warrants and Private Placement Warrant Shares, and
(ii) after the Second Release Date, a majority-in-interest of the holders of Registrable Securities. 
 “Maximum
Number of Shares” is defined in Section 2.1.3. 
 “Morgan Joseph” means Morgan
Joseph & Co. Inc. 
 “Notices” is defined in Section 6.3. 
 “Piggy-Back Registration” is defined in Section 2.2.1. 
 “Private Placement” means the sale by the Company of the Private Placement Warrants. 
 “Private Placement Warrant Shares” means the shares of Common Stock underlying the Private Placement Warrants.

 “Private Placement Warrants” means Warrants issued and delivered to Win Wide International Ltd. and

 G. George Lu. 
  

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 “Pro Rata” is defined in Section 2.1.3. 
 “Purchase Option” means the option to purchase 550,000 units, each unit consisting of one share of Common Stock and one
Common Stock purchase warrant, issued to Morgan Joseph or its designees in connection with the IPO (as may be transferred from time to time in accordance with its terms). 
 “Purchase Option Securities” means the securities underlying the Purchase Option that have been granted registration rights by the Company pursuant to the Purchase Option.

 “Register,” “registered” and “registration” mean a registration
effected by preparing and filing a registration statement or similar document in compliance with the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement becoming
effective. 
 “Registrable Securities” means the Private Placement Warrants, the Private Placement Warrant
Shares and the Initial Investor Shares. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when: (a) a Registration Statement with respect to the sale of such securities shall have become
effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred, new certificates for
them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution of them shall not require registration under the Securities Act; (c) such securities shall have ceased to be
outstanding, or (d) the Securities and Exchange Commission makes a definitive determination to the Company that the Registrable Securities are saleable under Rule 144(k). 
 “Registration Statement” means a registration statement filed by the Company with the Commission in compliance with the Securities Act and the rules and regulations promulgated
thereunder for a public offering and sale of Common Stock (other than a registration statement on Form S-4 or Form S-8, or their successors, or any registration statement covering only securities proposed to be issued in exchange for securities or
assets of another entity). 
 “Second Release Date” means the date the Initial Investor Shares may be
distributed from escrow pursuant to Section 3 of that certain Securities Escrow Agreement dated as of the date hereof, by and among the parties thereto and Continental Stock Transfer & Trust Company. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission
promulgated thereunder, all as the same shall be in effect at the time. 
 “Underwriter” means a securities
dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part of such dealer’s market-making activities. 
 2.          REGISTRATION RIGHTS. 
 2.1        Demand Registration. 
  

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 2.1.1.      Request for Registration.  At
any time and from time to time on or after the First Release Date, the holders of a Majority-in-interest held by the Investors or their transferees, may make a written demand for registration under the Securities Act of all or part of the Private
Placement Warrants and Private Placement Warrant Shares (the “First Demand Registration”); provided, however, such First Demand Registration may only be made in the event that the Private Placement Warrants or Private
Placement Warrant Shares are not currently registered under the Securities Act, pursuant to an effective Registration Statement. At any time and from time to time on or after the Second Release Date, the holders of a Majority-in-interest held
by the Investors or their transferees, may make a written demand for registration under the Securities Act of all or part of the Registrable Securities (the “Second Demand Registration” and together with the First Demand
Registration, a “Demand Registration”). Any demand for a Demand Registration shall specify the number of shares of Registrable Securities, as applicable, proposed to be sold and the intended method(s) of distribution
thereof. The Company will notify all holders of Registrable Securities of the Demand Registration, and each holder of Registrable Securities who wishes to include all or a portion of such holder’s Registrable Securities in the Demand
Registration (each such holder including shares of Registrable Securities in such registration, a “Demanding Holder”) shall so notify the Company within fifteen (15) days after the receipt by the holder of the notice from the
Company. Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand Registration, subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. The Company
shall not be obligated to effect more than one (1) Demand Registration prior to the Second Release Date under this Section 2.1.1. 
 2.1.2.      Effective Registration.  A registration will not count as a Demand Registration until the Registration Statement filed with the Commission with respect to
such Demand Registration has been declared effective and the Company has complied with all of its obligations under this Agreement with respect thereto; provided, however, that if, after such Registration Statement has been declared
effective, the offering of Registrable Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of the Commission or any other governmental agency or court, the Registration Statement with respect to such
Demand Registration will be deemed not to have been declared effective, unless and until, (i) such stop order or injunction is removed, rescinded or otherwise terminated, and (ii) a Majority-in-interest of the Demanding Holders thereafter
elect to continue the offering; provided, further, that the Company shall not be obligated to file a second Registration Statement until a Registration Statement that has been filed is counted as a Demand Registration or is terminated.

 2.1.3.      Underwritten Offering. If a majority-in-interest of the Demanding
Holders so elect and such holders so advise the Company as part of their written demand for a Demand Registration, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering. In
such event, the right of any holder to include its Registrable Securities in such registration shall be conditioned upon such holder’s participation in such underwriting and the inclusion of such holder’s Registrable Securities in the
underwriting to the extent provided herein. All Demanding Holders proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters selected for such
underwriting by a majority-in-interest of the holders initiating the Demand Registration. 
  

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 2.1.4.      Reduction of
Offering.  Subject to the registration rights set forth in the Purchase Option, which rights in no way shall be limited by the Maximum Number of Shares to be included in the Registration Statement pursuant to this Section 2.1.4,
if the Company (or the Demanding Holders pursuant to Section 2.1.3 hereunder) chooses to engage in an underwriter public offering of a Demand Registration and if the managing Underwriter or Underwriters for a Demand Registration that is to be
an underwritten offering advises the Company and the Demanding Holders in writing that the dollar amount or number of shares of Registrable Securities which the Demanding Holders desire to sell, taken together with all other shares of Common Stock
or other securities which the Company desires to sell and the shares of Common Stock, if any, as to which registration has been requested pursuant to written contractual piggy-back registration rights held by other stockholders of the Company who
desire to sell, exceeds the maximum dollar amount or maximum number of shares that can be sold in such offering without adversely affecting the proposed offering price, the timing, the distribution method, or the probability of success of such
offering (such maximum dollar amount or maximum number of shares, as applicable, the “Maximum Number of Shares”), then the Company shall include in such registration: (i) first, the Registrable Securities as to which Demand
Registration has been requested (pro rata in accordance with the number of shares that each such person has requested be included in such registration, regardless of the number of shares held by each such person (such proportion is referred
to herein as “Pro Rata”)) that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the shares of Common
Stock or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; and (iii) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses
(i) and (ii), the shares of Common Stock or other securities for the account of other persons that the Company is obligated to register pursuant to written contractual arrangements with such persons and that can be sold without exceeding the
Maximum Number of Shares. 
 2.1.4.      Withdrawal.    If a
Majority-in-interest of the Demanding Holders disapprove of the terms of any underwriting or are not entitled to include all of their Registrable Securities in any offering, such Majority-in-interest of the Demanding Holders may elect to withdraw
from such offering by giving written notice to the Company and the Underwriter or Underwriters of their request to withdraw prior to the effectiveness of the Registration Statement filed with the Commission with respect to such Demand Registration.
If the Majority-in-interest of the Demanding Holders withdraws from a proposed offering relating to a Demand Registration, then such registration shall not count as a Demand Registration provided for in Section 2.1.1. 
 2.2        Piggy-Back Registration. 
 2.2.1.      Piggy-Back Rights.  If at any time on or after the Second Release Date the
Company proposes to file a Registration Statement under the Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable for, or convertible into, equity securities, by the Company
for its own account or for stockholders of the Company for their account (or by the Company and by stockholders of the Company including, without limitation, pursuant to Section 2.1), other than a Registration Statement (i) filed in
connection with any employee stock option or other benefit plan, (ii) for an exchange 

  

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offer or offering of securities solely to the Company’s existing stockholders, (iii) for an offering of debt that is convertible into equity
securities of the Company or (iv) for a dividend reinvestment plan, then the Company shall (x) give written notice of such proposed filing to the holders of Registrable Securities as soon as practicable but in no event less than ten
(10) days before the anticipated filing date, which notice shall describe the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed managing Underwriter or
Underwriters, if any, of the offering, and (y) offer to the holders of Registrable Securities in such notice the opportunity to register the sale of such number of shares of Registrable Securities as such holders may request in writing within
fifteen (15) days following receipt of such notice (a “Piggy-Back Registration”). The Company shall cause such Registrable Securities to be included in such registration and shall use its best efforts to cause the managing
Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable Securities requested to be included in a Piggy-Back Registration to be included on the same terms and conditions as any similar securities of the Company and
to permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution thereof. All holders of Registrable Securities proposing to distribute their securities through a Piggy-Back
Registration that involves an Underwriter or Underwriters shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters selected for such Piggy-Back Registration. 
 2.2.2.      Reduction of Offering.  Subject to the registration rights set forth in the
Purchase Option, which rights in no way shall be limited by the Maximum Number of Shares to be included in the Registration Statement pursuant to this Section 2.2.2, if the managing Underwriter or Underwriters for a Piggy-Back Registration that
is to be an underwritten offering advises the Company and the holders of Registrable Securities in writing that the dollar amount or number of shares of Common Stock or other securities which the Company desires to sell, taken together with shares
of Common Stock or other securities, if any, as to which registration has been demanded pursuant to written contractual arrangements with persons other than the holders of Registrable Securities hereunder, the Registrable Securities as to which
registration has been requested under this Section 2.2, and the shares of Common Stock or other securities, if any, as to which registration has been requested pursuant to the written contractual piggy-back registration rights of other
stockholders of the Company, exceeds the Maximum Number of Shares, then the Company shall include in any such registration: 
 (i)        If the registration is undertaken for the Company’s account: (A) first, the shares of Common Stock or other securities that the Company desires to sell that can be sold without
exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other securities, if any, comprised of Registrable Securities
and Purchase Option Securities, as to which registration has been requested pursuant to the applicable written contractual piggy-back registration rights of such security holders, Pro Rata, that can be sold without exceeding the Maximum Number of
Shares; and (C) third, to the extent that the Maximum Number of shares has not been reached under the foregoing clauses (A) and (B), the shares of Common Stock or other securities for the account of other persons that the Company is
obligated to register pursuant to written contractual piggy-back registration rights with such persons and that can be sold without exceeding the Maximum Number of Shares; and 
  

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 (ii)      If the registration is a “demand”
registration undertaken at the demand of persons other than the holders of Registrable Securities or pursuant to written contractual arrangements with such persons, (A) first, the shares of Common Stock or other securities for the account of
the demanding persons that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other
securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), the
shares of Common Stock or other securities comprised of Registrable Securities, Pro Rata, as to which registration has been requested pursuant to the terms hereof that can be sold without exceeding the Maximum Number of Shares; and (D) fourth,
to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A), (B) and (C), the shares of Common Stock or other securities for the account of other persons that the Company is obligated to register
pursuant to written contractual arrangements with such persons, that can be sold without exceeding the Maximum Number of Shares. 
 2.2.3.      Withdrawal.  Any holder of Registrable Securities may elect to withdraw such holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration by giving
written notice to the Company of such request to withdraw prior to the effectiveness of the Registration Statement. The Company (whether on its own determination or as the result of a withdrawal by persons making a demand pursuant to written
contractual obligations) may also elect to withdraw a Registration Statement at any time prior to the effectiveness of the Registration Statement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the holders
of Registrable Securities in connection with such Piggy-Back Registration as provided in Section 3.3. 
 2.3      Registrations on Form S-3.  The holders may at any time and from time to time, request in writing that the Company register the resale of any or all of such Registrable Securities on
Form S-3 or any similar short-form registration which may be available at such time (“Form S-3”); provided, however, that the Company shall not be obligated to effect such request through an underwritten
offering. Upon receipt of such written request, the Company will promptly give written notice of the proposed registration to all other holders of Registrable Securities, and, as soon as practicable thereafter, effect the registration of all or
such portion of such holder’s or holders’ Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities or other securities of the Company, if any, of any other holder or holders
joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written notice from the Company; provided, further, that the Company shall not be obligated to effect any such
registration pursuant to this Section 2.3: (i) if Form S-3 is not available for such offering; or (ii) if the holders of the Registrable Securities, together with the holders of any other securities of the Company entitled to
inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at any aggregate price to the public of less than $500,000. Registrations effected pursuant to this Section 2.3 shall not be counted as
Demand Registrations effected pursuant to Section 2.1. 
 3.        REGISTRATION
PROCEDURES. 
  

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 3.1        Filings;
Information.    Whenever the Company is required to effect the registration of any Registrable Securities pursuant to Section 2, the Company shall use its best efforts to effect the registration and sale of such
Registrable Securities in accordance with the intended method(s) of distribution thereof as expeditiously as practicable, and in connection with any such request: 
 3.1.1.      Filing Registration Statement.  The Company shall, as expeditiously as possible and in any event within sixty (60) days after
receipt of a request for a Demand Registration pursuant to Section 2.1, prepare and file with the Commission a Registration Statement on any form for which the Company then qualifies or which counsel for the Company shall deem appropriate and
which form shall be available for the sale of all Registrable Securities to be registered thereunder in accordance with the intended method(s) of distribution thereof, and shall use its best efforts to cause such Registration Statement to become and
remain effective for the period required by Section 3.1.3; provided, however, that the Company shall have the right to defer any Demand Registration for up to thirty (30) days, and any Piggy-Back Registration for such period
as may be applicable to deferment of any demand registration to which such Piggy-Back Registration relates, in each case if the Company shall furnish to the holders a certificate signed by the Chief Executive Officer or Chairman of the Board of the
Company stating that, in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company and its stockholders for such Registration Statement to be effected at such time; provided,
further, the Company shall not have the right to exercise the right set forth in the immediately preceding proviso more than once in any 365-day period in respect of a Demand Registration hereunder. 
 3.1.2.      Copies.  The Company shall, prior to filing a Registration Statement or
prospectus, or any amendment or supplement thereto, furnish without charge to the holders of Registrable Securities included in such registration, and such holders’ legal counsel, copies of such Registration Statement as proposed to be filed,
each amendment and supplement to such Registration Statement (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such Registration Statement (including each preliminary
prospectus), and such other documents as the holders of Registrable Securities included in such registration or legal counsel for any such holders may request in order to facilitate the disposition of the Registrable Securities owned by such
holders. 
 3.1.3.      Amendments and Supplements.  The Company shall
prepare and file with the Commission such amendments, including post-effective amendments, and supplements to such Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Registration Statement
effective and in compliance with the provisions of the Securities Act until all Registrable Securities and other securities covered by such Registration Statement have been disposed of in accordance with the intended method(s) of distribution set
forth in such Registration Statement (which period shall not exceed the sum of one hundred eighty (180) days plus any period during which any such disposition is interfered with by any stop order or injunction of the Commission or any
governmental agency or court) or such securities have been withdrawn. 
 3.1.4.      Notification.  After the filing of a Registration Statement, the Company shall promptly, and in no event more than two (2) business days after such filing, notify the 

  

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holders of Registrable Securities included in such Registration Statement of such filing, and shall further notify such holders promptly and confirm such
advice in writing in all events within two (2) business days of the occurrence of any of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective amendment to such Registration Statement
becomes effective; (iii) the issuance or threatened issuance by the Commission of any stop order (and the Company shall take all actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any request by
the Commission for any amendment or supplement to such Registration Statement or any prospectus relating thereto or for additional information or of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus
so that, as thereafter delivered to the purchasers of the securities covered by such Registration Statement, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein not misleading, and promptly make available to the holders of Registrable Securities included in such Registration Statement any such supplement or amendment; except that before filing with the Commission a
Registration Statement or prospectus or any amendment or supplement thereto, including documents incorporated by reference, the Company shall furnish to the holders of Registrable Securities included in such Registration Statement and to the legal
counsel for any such holders, copies of all such documents proposed to be filed sufficiently in advance of filing to provide such holders and legal counsel with a reasonable opportunity to review such documents and comment thereon, and the Company
shall not file any Registration Statement or prospectus or amendment or supplement thereto, including documents incorporated by reference, to which such holders or their legal counsel shall object. 
 3.1.5.      State Securities Laws Compliance.  The Company shall use its best efforts to
(i) register or qualify the Registrable Securities covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United States as the holders of Registrable Securities included in such
Registration Statement (in light of their intended plan of distribution) may request and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be registered with or approved by such other
Governmental Authorities as may be necessary by virtue of the business and operations of the Company and do any and all other acts and things that may be necessary or advisable to enable the holders of Registrable Securities included in such
Registration Statement to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however, that the Company shall not be required to qualify generally to do business in any jurisdiction where it would
not otherwise be required to qualify but for this Section 3.1.5 or subject itself to taxation in any such jurisdiction. 
 3.1.6.      Agreements for Disposition.  The Company shall enter into customary agreements (including, if applicable, an underwriting agreement in customary form) and take such other actions as
are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities. The representations, warranties and covenants of the Company in any underwriting agreement which are made to or for the benefit of any
Underwriters, to the extent applicable, shall also be made to and for the benefit of the holders of Registrable Securities included in such Registration Statement. No holder of Registrable Securities included in such Registration Statement
shall be required to make any representations or warranties in the underwriting agreement and, if applicable, with respect to such holder’s organization, good standing, authority, title to Registrable Securities, lack of conflict of such sale
with such holder’s 

  

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material agreements and organizational documents, and with respect to written information relating to such holder that such holder has furnished in writing
expressly for inclusion in such Registration Statement. Holders of Registrable Securities shall agree to such covenants and indemnification and contribution obligations for selling stockholders as are customarily contained in agreements of that
type. Further, such holders shall cooperate fully in the preparation of the Registration Statement and other documents relating to any offering in which they include securities pursuant to Section 2 hereof. Each holder shall also
furnish to the Company such information regarding itself, the Registrable Securities held by such holder, as applicable, and the intended method of disposition of such securities as shall be reasonably required to effect the registration of the
Registrable Securities. 
 3.1.7.      Cooperation.  The principal executive
officer of the Company, the principal financial officer of the Company, the principal accounting officer of the Company and all other officers and members of the management of the Company shall cooperate fully in any offering of Registrable
Securities hereunder, which cooperation shall include, without limitation, the preparation of the Registration Statement with respect to such offering and all other offering materials and related documents, and participation in meetings with
Underwriters, attorneys, accountants and potential investors. 
 3.1.8.      Records.  The Company shall make available for inspection by the holders of Registrable Securities included in such Registration Statement, any Underwriter participating in any
disposition pursuant to such Registration Statement and any attorney, accountant or other professional retained by any holder of Registrable Securities included in such Registration Statement or by any Underwriter participating in such distribution,
all financial and other records, pertinent corporate documents and properties of the Company, as shall be necessary to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors and employees to
supply all information requested by any of them in connection with such Registration Statement. 
 3.1.9.      Opinions and Comfort Letters.  The Company shall furnish to each holder of Registrable Securities included in any Registration Statement a signed counterpart, addressed to such
holder, of (i) any opinion of counsel to the Company delivered to any Underwriter and (ii) any comfort letter from the Company’s independent public accountants delivered to any Underwriter. In the event no legal opinion is
delivered to any Underwriter, the Company shall furnish to each holder of Registrable Securities included in such Registration Statement, at any time that such holder elects to use a prospectus, an opinion of counsel to the Company to the effect
that the Registration Statement containing such prospectus has been declared effective and that no stop order is in effect. 
 3.1.10.    Earnings Statement.  The Company shall comply with all applicable rules and regulations of the Commission and the Securities Act, and make available to its stockholders, as soon as
practicable, an earnings statement covering a period of twelve (12) months, beginning within three (3) months after the effective date of the registration statement, which earnings statement shall satisfy the provisions of
Section 11(a) of the Securities Act and Rule 158 thereunder. 
  

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 3.1.11.    Listing.  The Company shall use its best
efforts to cause all Registrable Securities included in any registration to be listed on such exchanges or otherwise designated for trading in the same manner as similar securities issued by the Company are then listed or designated or, if no such
similar securities are then listed or designated, in a manner satisfactory to the holders of a majority of the Registrable Securities included in such registration. 
 3.2      Obligation to Suspend Distribution.   Upon receipt of any notice from the Company of the happening of any event of the kind described
in Section 3.1.4(iv), or, in the case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension by the Company, pursuant to a written insider trading compliance program adopted by the Company’s Board of
Directors, of the ability of all “insiders” covered by such program to transact in the Company’s securities because of the existence of material non-public information, each holder of Registrable Securities included in any
registration shall immediately discontinue disposition of such Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until such holder receives the supplemented or amended prospectus contemplated by
Section 3.1.4(iv) or the restriction on the ability of “insiders” to transact in the Company’s securities is removed, as applicable, and, if so directed by the Company, each such holder will deliver to the Company all copies,
other than permanent file copies then in such holder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. 
 3.3      Registration Expenses.   The Company shall bear all costs and expenses
incurred in connection with any Demand Registration pursuant to Section 2.1, any Piggy-Back Registration pursuant to Section 2.2, and any registration on Form S-3 effected pursuant to Section 2.3, and all expenses incurred in
performing or complying with its other obligations under this Agreement, whether or not the Registration Statement becomes effective, including, without limitation: (i) all registration and filing fees; (ii) fees and expenses of compliance
with securities or “blue sky” laws (including fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities); (iii) printing expenses; (iv) the Company’s internal expenses
(including, without limitation, all salaries and expenses of its officers and employees); (v) the fees and expenses incurred in connection with the listing of the Registrable Securities as required by Section 3.1.11; (vi) National
Association of Securities Dealers, Inc. fees; (vii) fees and disbursements of counsel for the Company and fees and expenses for independent certified public accountants retained by the Company (including the expenses or costs associated with
the delivery of any opinions or comfort letters requested pursuant to Section 3.1.9); (viii) the fees and expenses of any special experts retained by the Company in connection with such registration and (ix) the fees and expenses of
one legal counsel selected by the holders of a Majority-in-interest of the Registrable Securities included in such registration. The Company shall have no obligation to pay any underwriting discounts or selling commissions attributable to the
Registrable Securities being sold by the holders thereof, which underwriting discounts or selling commissions shall be borne by such holders. Additionally, in an underwritten offering, all selling stockholders and the Company shall bear the
expenses of the underwriter pro rata in proportion to the respective amount of shares each is selling in such offering. 
 3.4       Information.   The holders of Registrable Securities shall provide such information as may reasonably be requested by the Company, or the managing Underwriter, if 

  

 11 

 
any, in connection with the preparation of any Registration Statement, including amendments and supplements thereto, in order to effect the registration of
any Registrable Securities under the Securities Act pursuant to Section 2 and in connection with the Company’s obligation to comply with federal and applicable state securities laws. 
 4.        INDEMNIFICATION AND CONTRIBUTION. 
 4.1      Indemnification by the Company.   The Company agrees to indemnify and hold
harmless each Investor and each other holder of Registrable Securities, and each of their respective officers, employees, affiliates, directors, partners, members, attorneys and agents, and each person, if any, who controls an Investor and each
other holder of Registrable Securities (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) (each, an “Investor Indemnified Party”), from and against any expenses, losses, judgments,
claims, damages or liabilities, whether joint or several, arising out of or based upon any untrue statement (or allegedly untrue statement) of a material fact contained in any Registration Statement under which the sale of such Registrable
Securities was registered under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained in the Registration Statement, or any amendment or supplement to such Registration Statement, or arising out of or based
upon any omission (or alleged omission) to state a material fact required to be stated therein or necessary to make the statements therein not misleading, or any violation by the Company of the Securities Act or any rule or regulation promulgated
thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any such registration; and the Company shall promptly reimburse the Investor Indemnified Party for any legal and any other expenses
reasonably incurred by such Investor Indemnified Party in connection with investigating and defending any such expense, loss, judgment, claim, damage, liability or action; provided, however, that the Company will not be liable in any
such case to the extent that any such expense, loss, claim, damage or liability arises out of or is based upon any untrue statement or allegedly untrue statement or omission or alleged omission made in such Registration Statement, preliminary
prospectus, final prospectus, or summary prospectus, or any such amendment or supplement, in reliance upon and in conformity with information furnished to the Company, in writing, by such selling holder expressly for use therein. The Company also
shall indemnify any Underwriter of the Registrable Securities, their officers, employees, affiliates, directors, partners, members and agents and each person who controls such Underwriter on substantially the same basis as that of the
indemnification provided above in this Section 4.1. 
 4.2      Indemnification by
Holders of Registrable Securities.   Each selling holder of Registrable Securities will, in the event that any registration is being effected under the Securities Act pursuant to this Agreement of any Registrable Securities held
by such selling holder, indemnify and hold harmless the Company, each of its directors and officers and each Underwriter (if any), and each other selling holder and each other person, if any, who controls another selling holder or such Underwriter
or the Company within the meaning of the Securities Act or the Exchange Act, against any losses, claims, judgments, damages or liabilities, whether joint or several, insofar as such losses, claims, judgments, damages or liabilities (or actions in
respect thereof) arise out of or are based upon any untrue statement or allegedly untrue statement of a material fact contained in any Registration Statement under which the sale of such Registrable Securities was registered under the Securities
Act, any preliminary prospectus, final 

  

 12 

 
prospectus or summary prospectus contained in the Registration Statement, or any amendment or supplement to the Registration Statement, or arise out of or
are based upon any omission or the alleged omission to state a material fact required to be stated therein or necessary to make the statement therein not misleading, if the statement or omission was made in reliance upon and in conformity with
information furnished in writing to the Company by such selling holder expressly for use therein, and shall reimburse the Company, its directors and officers, and each other selling holder or controlling person for any legal or other expenses
reasonably incurred by any of them in connection with investigation or defending any such loss, claim, damage, liability or action. Each selling holder’s indemnification obligations hereunder shall be several and not joint and shall be limited
to the amount of any net proceeds actually received by such selling holder from the sale of Registrable Securities which gave rise to such indemnification. 
 4.3      Conduct of Indemnification Proceedings.   Promptly after receipt by any person of any notice of any loss, claim, damage or liability
or any action in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such person (the “Indemnified Party”) shall, if a claim in respect thereof is to be made against any other person for indemnification
hereunder, notify such other person (the “Indemnifying Party”) in writing of the loss, claim, judgment, damage, liability or action; provided, however, that the failure by the Indemnified Party to notify the Indemnifying Party shall
not relieve the Indemnifying Party from any liability which the Indemnifying Party may have to such Indemnified Party hereunder, except and solely to the extent the Indemnifying Party is actually prejudiced by such failure. If the Indemnified Party
is seeking indemnification with respect to any claim or action brought against the Indemnified Party, then the Indemnifying Party shall be entitled to participate in such claim or action, and, to the extent that it elects, jointly with all other
Indemnifying Parties, to assume control of the defense thereof with counsel satisfactory to the Indemnified Party. After notice from the Indemnifying Party to the Indemnified Party of its election to assume control of the defense of such claim
or action, the Indemnifying Party shall not be liable to the Indemnified Party for any legal or other expenses subsequently incurred by the Indemnified Party in connection with the defense thereof other than reasonable costs of investigation;
provided, however, that in any action in which both the Indemnified Party and the Indemnifying Party are named as defendants, the Indemnified Party shall have the right to employ separate counsel (but no more than one such separate counsel) to
represent the Indemnified Party and its controlling persons who may be subject to liability arising out of any claim in respect of which indemnity may be sought by the Indemnified Party against the Indemnifying Party, with the fees and expenses of
such counsel to be paid by such Indemnifying Party if, based upon the written opinion of counsel of such Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests
between them. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, consent to entry of judgment or effect any settlement of any claim or pending or threatened proceeding in respect of which the Indemnified Party
is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such judgment or settlement includes an unconditional release of such Indemnified Party from all liability arising out of such claim or
proceeding. 
 4.4      Contribution. 
 4.4.1.      If the indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable
to any Indemnified Party in respect of any loss, claim, damage, liability or 

  

 13 

 
action referred to herein, then each such Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable
by such Indemnified Party as a result of such loss, claim, damage, liability or action in such proportion as is appropriate to reflect the relative fault of the Indemnified Parties and the Indemnifying Parties in connection with the actions or
omissions which resulted in such loss, claim, damage, liability or action, as well as any other relevant equitable considerations. The relative fault of any Indemnified Party and any Indemnifying Party shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by such Indemnified Party or such Indemnifying Party and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 
 4.4.2.      The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.4 were determined by pro rata allocation or by any other method of allocation
which does not take account of the equitable considerations referred to in the immediately preceding Section 4.4.1. The amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to
in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Party in connection with investigating or defending any such action or
claim. Notwithstanding the provisions of this Section 4.4, no holder of Registrable Securities shall be required to contribute any amount in excess of the dollar amount of the net proceeds (after payment of any underwriting fees,
discounts, commissions or taxes) actually received by such holder from the sale of Registrable Securities which gave rise to such contribution obligation. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 
 5.        RULE 144 COVENANT. The Company covenants that it shall file any reports required to be filed by it under the Securities Act and the Exchange Act and shall take such
further action as the holders of Registrable Securities may reasonably request, all to the extent required from time to time to enable such holders to sell Registrable Securities without registration under the Securities Act within the limitation of
the exemptions provided by Rule 144 under the Securities Act, as such Rules may be amended from time to time, or any similar Rule or regulation hereafter adopted by the Commission. 
 6.        MISCELLANEOUS. 
 6.1      Other Registration Rights. Except with respect to those securities issued or issuable upon exercise of that certain Purchase Option to be issued to
Morgan Joseph or its designees in connection with the IPO on                              2007,
the Company represents and warrants that no person, other than a holder of the Registrable Securities, has any right to require the Company to register any shares of the Company’s Common Stock for sale or to include shares of the Company’s
Common Stock in any registration filed by the Company for the sale of shares of Common Stock for its own account or for the account of any other person. 
 6.2      Assignment; No Third Party Beneficiaries.   This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated
by the 

  

 14 

 
Company in whole or in part. This Agreement and the rights, duties and obligations of the holders of Registrable Securities hereunder may be freely
assigned or delegated by such holder of Registrable Securities in conjunction with and to the extent of any transfer of Registrable Securities by any such holder. This Agreement and the provisions hereof shall be binding upon and shall inure to
the benefit of each of the parties, to Morgan Joseph and its successors and the permitted assigns of the Investor or holder of Registrable Securities or of any assignee of the Investor or holder of Registrable Securities. This Agreement is not
intended to confer any rights or benefits on any persons that are not party hereto other than as expressly set forth in Article 4 and this Section 6.2. 
 6.3      Notices.   All notices, demands, requests, consents, approvals or other communications (collectively, “Notices”)
required or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and shall be personally served, delivered by reputable air courier service with charges prepaid, or transmitted by hand delivery,
telegram, telex or facsimile, addressed as set forth below, or to such other address as such party shall have specified most recently by written notice. Notice shall be deemed given on the date of service or transmission if personally served or
transmitted by telegram, telex or facsimile; provided, that if such service or transmission is not on a business day or is after normal business hours, then such notice shall be deemed given on the next business day. Notice otherwise sent as
provided herein shall be deemed given on the next business day following timely delivery of such notice to a reputable air courier service with an order for next-day delivery. 
 To the Company: 
 2020 ChinaCap Acquirco, Inc. 
 c/o Surfmax Corporation 
 221 Boston Post Road East, Suite 410 
 Marlborough, MA 01752 
 Attn:          G. George Lu, CEO 
 Fax:           (508) 624-4988 
 Email:         george@georgelu.com 
 with a copy to: 
 Seyfarth Shaw LLP 
 131 S. Dearborn Street. Suite 2400 
 Chicago, Illinois 60603-5577 
 Attn:  Michel Feldman, Esq. 
 To an Investor, to: 
 Their
address of record on the books of the Company 
 A copy of any notice sent hereunder shall be sent to: 
 Morgan Joseph & Co. Inc. 
 600 Fifth Avenue, 19th Floor 
 New York, New York 10020 
 Attn:    Scott George 

  

 15 

 
Telephone: (312) 284-2505 
 Fax: (312) 284-2515 
 Email:  SGeorge@morganjoseph.com 
 and: 
 Ungaretti &
Harris LLP 
 Three First National Plaza 
 Suite 3500 
 Chicago, IL 60602 
 Attn:  Gary I. Levenstein, Esq 
 6.4      Severability.  This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or
enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable. 
 6.5      Counterparts.  This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which taken together shall constitute one and the same
instrument. 
 6.6      Entire Agreement.  This Agreement (including all
agreements entered into pursuant hereto and all certificates and instruments delivered pursuant hereto and thereto) constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes all prior and
contemporaneous agreements, representations, understandings, negotiations and discussions between the parties, whether oral or written. 
 6.7      Modifications and Amendments.  No amendment, modification or termination of this Agreement shall be binding upon any party unless executed in writing by such
party. Notwithstanding the foregoing, any and all parties must obtain the consent of Morgan Joseph to amend or modify this Agreement. 
 6.8      Titles and Headings.  Titles and headings of sections of this Agreement are for convenience only and shall not affect the construction of any provision of this
Agreement. 
 6.9      Waivers and Extensions.  Any party to this Agreement
may waive any right, breach or default which such party has the right to waive, provided that such waiver will not be effective against the waiving party unless it is in writing, is signed by such party, and specifically refers to this
Agreement. Waivers may be made in advance or after the right waived has arisen or the breach or default waived has occurred. Any waiver may be conditional. No waiver of any breach of any agreement or provision herein contained shall
be deemed a waiver of any preceding or succeeding breach thereof nor of any other agreement or provision herein contained. No waiver or extension of time for performance of any obligations or acts shall be deemed a waiver or extension of the
time for performance of any other obligations or acts. 
  

 16 

 6.10      Remedies Cumulative.  In the
event that the Company fails to observe or perform any covenant or agreement to be observed or performed under this Agreement, the Investor or any other holder of Registrable Securities may proceed to protect and enforce its rights by suit in equity
or action at law, whether for specific performance of any term contained in this Agreement or for an injunction against the breach of any such term or in aid of the exercise of any power granted in this Agreement or to enforce any other legal or
equitable right, or to take any one or more of such actions, without being required to post a bond. None of the rights, powers or remedies conferred under this Agreement shall be mutually exclusive, and each such right, power or remedy shall be
cumulative and in addition to any other right, power or remedy, whether conferred by this Agreement or now or hereafter available at law, in equity, by statute or otherwise. 
 6.11      Governing Law.  This Agreement shall be governed by, interpreted under, and construed in accordance with the internal laws of the State of
New York applicable to agreements made and to be performed within the State of New York, without giving effect to any choice-of-law provisions thereof that would compel the application of the substantive laws of any other jurisdiction. Each of the
parties hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern
District of New York (each, a “New York Court”), and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. Each of the parties hereby waives any objection to such exclusive jurisdiction and that such
courts represent an inconvenient forum. 
 6.12      Waiver of Trial by
Jury.  Each party hereby irrevocably and unconditionally waives the right to a trial by jury in any action, suit, counterclaim or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with or
relating to this Agreement, the transactions contemplated hereby, or the actions of the Investor in the negotiation, administration, performance or enforcement hereof. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 17 

 IN WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be
executed and delivered by their duly authorized representatives as of the date first written above. 
  

			
	 2020 CHINACAP ACQUIRCO, INC.

		
	 By:
	 	  

		 	 Name:G. George Lu

		 	 Title:  Chief Executive Officer

 - Signature page of the Investors immediately follows - 
  

 18 

 INVESTORS: 
  

															
	 WIN WIDE INTERNATIONAL LTD.
	 		    	 2020 STRATEGIC INVESTMENTS, LLC
	 	
				
	 By:
	 	  
	    	 By:
	 	  

	 Name:
	 	  
	    	 Name:
	 	  

	 Its:
	 	  
	    	 Its:
	 	  

						
	 FAME MOUNT LIMITED
	 		    		 		 		 	
						
	 By:
	 	  
	    		 		 		 	
	 Name:
	 	  
	    		 		 		 	
	 Its:
	 	  
	    		 		 		 	
				
	  
	 		    	  
	 	
	 G. George Lu
	 		    	 Yanmei May Yang
	 	
				
	  
	 		    	  
	 	
	 Louis Koo
	 		    	 Yuxiao Zhang
	 	
				
	  
	 		    	  
	 	
	 Jianming Yu
	 		    	 William Hsu
	 	
				
	  
	 		    	  
	 	
	 William Sharp
	 		    	 Jun Lei
	 	
				
	  
	 		    		 	
	 Donald Sull
	 		    		 		 		 	

  

 19

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