购股选择权协议EARN

EARN-INAGREEMENT

ThisEARN-INAGREEMENT(this“Agreement”)ismadeandenteredintoasof【】,2008(the“EffectiveDate”),between【】,aresidentofthePeople'sRepublicofChina(the“Purchaser”)and【】,aresidentofSingapore(the“Seller”).PurchaserandSellerarealsoreferredtohereintogetherasthe“Parties”andindividuallyasa“Party.”

RECITALS

WHEREAS,pursuanttoaShareExchangeAgreementbyandamongaUnitedStates-domiciledpublicreportingshellcompany(the“ACompany”),【】,aBritishVirginIslandscompany(the“Company”)andtheSellerasthesoleshareholderoftheCompany,theShellCompanyisexpectedtoacquire100%oftheissuedandoutstandingcapitalstockofCompany(the“ExchangeAgreement”);

WHEREAS,PurchaserhasagreedwithSeller,asaninducementtothePurchaserincontinuingtoprovideservicesto【DomesticCompany】.(“DomesticCompany”),aPRCcompanythatisawhollyownedsubsidiaryof【HKCompany】(the“HKCompany”),aHongKongcompanywhichiswhollyownedbytheCompany,withPurchaserservingasitsChiefOperatingOfficer,toenterintothisAgreement;

WHEREAS,Selleristheholderof【】sharesoftheCompany'scommonstock(“BCommonStock”),andhasdeterminedthatitisinherbestinteresttoreceivebenefitsfromPurchaser'sperformanceasChiefOperatingOfficerof[DomesticCompany]anditssubsidiariesandwillenterintotheExchangeAgreementbasedonthepossibilityofobtainingsuchbenefits;

WHEREAS,upontheconsummationoftheExchangeAgreement,SellerwillbeissuedandholdsharesofcommonstockoftheShellCompany(the“CommonStock”),$【】parvaluepershare;

WHEREAS,SellerdesirestogranttoPurchaseranoptiontoacquire【】percent(【】%)ofthesharesofCommonStocktobeissuedtoherpursuanttotheExchangeAgreement(forpurposesofthisAgreement,includingtheCallRightdescribedherein,the“Seller'sSha”r)epsursuanttothetermsandconditionssetforthherein;

NOW,THEREFORE,theParties,inconsiderationoftheforegoingpremisesandtheterms,covenantsandconditionssetforthbelow,andothergoodandvaluableconsideration,receiptofwhichisacknowledged,herebyagreeasfollows:

AGREEMENT

1.DEFINITIONS;INTERPRETATION

TermsDefinedinthisAgreement.ThefollowingtermswhenusedinthisAgreementshallhavethe

followingdefinitions:

“BankruptcyLaw”meansanyLawofanyjurisdictionrelatingtobankruptcy,insolvency,corporatereorganization,companyarrangement,civilrehabilitation,specialliquidation,moratorium,readjustmentofdebt,appointmentofaconservator,trusteeorreceiver,orsimilardebtorrelief.

“BusinessDay”meansanydayonwhichcommercialbanksarerequiredtobeopenintheUnitedStates.

“CallPrice”means,withrespecttoanyexerciseoftheCallRight,parvalueor$【】pershareoftheSeller'sSharessubjecttoanyCallExerciseNotice.

“Conditions”meansConditions1through4,asdefinedbelow,intheaggregate.

“Condition1”means:theentrybyPurchaserand[DomesticCompany]intoabindingemploymentagreementforatermofnotlessthanfiveyearsforPurchasertoserveas[DomesticCompany]'sChiefOperatingOfficer.

“Condition2”meanstheUnitedStatesSecuritiesandExchangeCommissiondeclaringaregistrationstatementfiledbytheShellCompanyundertheSecuritiesActof1933effective.

“Condition3”means[DomesticCompany]anditssubsidiariesachievingnotlessthan$【】inafter-taxnetincome,asdeterminedunderUnitedStatesGenerallyAcceptedAccountingPrinciplesconsistentlyapplied(“USGAAP”)forthefiscalyearendedDecember31,2009.

“Condition4”means[DomesticCompany]anditssubsidiariesachievingnotlessthan$【】inafter-taxprofits,asdeterminedunderUSGAAP,forthefiscalyearendingDecember31,2010.

“Condition5”means[DomesticCompany]anditssubsidiariesachievingnotlessthan$【】inafter-taxprofits,asdeterminedunderUSGAAP,forthefiscalyearendingDecember31,2011.

“GovernmentAuthority”meansany:(a)nation,principality,state,commonwealth,province,territory,county,municipality,districtorotherjurisdictionofanynature;(b)federal,state,local,municipal,foreignorothergovernment;(c)governmentalorquasigovernmentalauthorityofanynature(includinganygovernmentaldivision,subdivision,department,agency,bureau,branch,office,commission,council,board,instrumentality,officer,official,representative,organization,unit,bodyorPersonandanycourtorothertribunal);or(d)individual,Personorbodyexercising,orentitledtoexercise,anyexecutive,legislative,judicial,administrative,regulatory,police,militaryortaxingauthorityorpowerofanynature.

“Law”meansanyfederal,state,local,municipal,foreignorotherlaw,statute,legislation,constitution,principleofcommonlaw,resolution,ordinance,code,order,edict,decree,proclamation,treaty,convention,rule,regulation,permit,ruling,directive,pronouncement,requirement(licensingorotherwise),specification,determination,decision,opinionorinterpretationthatis,hasbeenormayinthefuturebeissued,enacted,adopted,passed,approved,promulgated,made,implementedorotherwiseputintoeffectbyorundertheauthorityofanyGovernmentAuthority.

“Person”meansanyindividual,firm,company,corporation,limitedliabilitycompany,unincorporatedassociation,partnership,trust,jointventure,governmentalauthorityorotherentity,andshallincludeanysuccessor(bymergerorotherwise)ofsuchentity.

Interpretation.

CertainTermsThewords“hereof,”“herein,”“hereunder”andsimilarwordsrefertothisAgreementasawholeandnottoanyparticularprovisionofthisAgreement.Theterm“including”isnotlimitedandmeans“includingwithoutlimitation.”

SectionReferences;TitlesandSubtitles.Unlessotherwisenoted,allreferencestoSectionshereinaretoSectionsofthisAgreement.Thetitles,captionsandheadingsofthisAgreementareinsertedforconvenienceofreferenceonlyandarenotintendedtobeapartofortoaffectthemeaningorinterpretationofthisAgreement.

ReferencetoEntities,Agreements,Statutes.Unlessotherwiseexpresslyprovidedherein,(i)referencestoaPersonincludeitssuccessorsandpermittedassigns,(ii)referencestoagreements(includingthisAgreement)andothercontractualinstrumentsshallbedeemedtoincludeallsubsequentamendments,restatementsandothermodificationstheretoorsupplementsthereofand(iii)referencestoanystatuteorregulationaretobeconstruedasincludingallstatutoryandregulatoryprovisionsconsolidating,amending,replacing,supplementingorinterpretingsuchstatuteorregulation.

2.

CALLRIGHT

CallRight.Purchasershallhave,duringtheExercisePeriod(asdefinedbelow),andwhenaConditionis

met,therightandoptiontopurchasefromtheSeller,andupontheexerciseofsuchrightandoptiontheSellershallhavetheobligationtoselltoPurchaser,aportionoftheSeller'sSharesidentifiedintheCallExerciseNotice(the“CallRight”).Purchasershallbepermittedtopurchase,andSellershallbeobligatedtosell,thefollowingnumberofSeller'sSharesupontheattainmentofthefollowingConditions:

Condition NumberofSeller'sSharesastowhichthereisaCallRight

However,incasethat[DomesticCompany]anditssubsidiariesachievenotlessthan$ 【】inafter-taxprofits,as

determinedunderUSGAAP,forthefiscalyearendingDecember31,2010,thenPurchasershallbepermittedtopurchaseandtheSellershallbeobligatedtosell,【】SharesownedbytheSelleranditshallbeconsideredthatbothCondition4andCondition5havebeenmet;forpurposeofavoidingdoubt,therewillbenomorecallrighttobegrantedtothePurchaserevenif[DomesticCompany]anditssubsidiariesachievesnotlessthan$ 【】inafter

taxprofits,asdeterminedunderUSGAAP,forthefiscalyearendingDecember31,2011.

CallPeriod.TheCallRightshallbeexercisablebyPurchaser,bydeliveringaCallExerciseNoticeatanytimeduringtheperiod(the“ExercisePeriod”)commencingonthedaythatshallbe180dayssubsequenttothedatethattheExchangeAgreementisconsummatedandendingat6:30p.m.(NewYorktime)onthefifthanniversarydatetherefrom(suchdateortheearlierexpirationoftheCallRightisreferredtohereinasthe“ExpirationDate”).

ExerciseProcess.InordertoexercisetheCallRightduringtheExercisePeriod,thePurchasershalldelivertotheSeller,awrittennoticeofsuchexercisesubstantiallyintheformattachedheretoasAppendixA(a“CallExerciseNotice”)tosuchaddressorfacsimilenumbersetforththerein.TheCallExerciseNoticeshallindicatethenumberofSeller'sSharesastowhichPurchaseristhenexercisingitsCallRightandtheaggregateCallPrice.ProvidedtheCallExerciseNoticeisdeliveredinaccordancewithSection6.4tosuchSelleronorpriorto6:30p.m.(NewYorktime)onaBusinessDay,thedateofexercise(the“ExerciseDate”)oftheCallRightshallbethedateofsuchdeliveryofsuchCallExerciseNotice.IntheeventtheCallExerciseNoticeisdeliveredafter6:30p.m.(NewYorktime)onanydayoronadatewhichisnotaBusinessDay,theExerciseDateshallbedeemedtobethefirstBusinessDayafterthedateofsuchdeliveryofsuchCallExerciseNotice.ThedeliveryofaCallExerciseNoticeinaccordanceherewithshallconstituteabindingobligation(a)onthepartofsuchPurchasertopurchase,and(b)onthepartoftheSellertosell,theSeller'sSharessubjecttosuchCallExerciseNoticeinaccordancewiththetermsofthisAgreement.

CallPrice.IftheCallRightisexercisedpursuanttothisSection2,aspaymentfortheSeller'sSharesbeingpurchasedbythePurchaserpursuanttotheCallRight,suchPurchasershallpaytheaggregateCallPricetotheSeller(butnolaterthanfifteen(15)BusinessDaysoftheExerciseDate).

2.5DeliveryoftheShares.UponthereceiptofaCallExerciseNotice,theSellershalldeliver,ortakeallstepsnecessarytocausetobedelivered,theSeller'sSharesbeingpurchasedpursuanttosuchCallExerciseNotice.

3.

ENCUMBRANCES;TRANSFERS,SET-OFFANDWITHHOLDINGS

Encumbrances.UponexerciseoftheCallRight,theSeller'sSharesbeingpurchasedshallbesold,transferredanddeliveredtothePurchaserfreeandclearofanyclaim,pledge,charge,lien,preemptiverights,restrictionsontransfers(exceptasrequiredbysecuritieslawsoftheUnitedStates),proxies,votingagreementsandanyotherencumbrancewhatsoever.

Transfers.PriortotheExpirationDate,Sellershallcontinuetoown,freeandclearofanyhypothecation,

pledge,mortgageorotherencumbrance,exceptpursuanttothisAgreementandexceptinfavoroftheCollateralAgent(asdefinedbelow)forthebenefitofthePurchaser,suchamountoftheSeller'sSharesasmayberequiredfromtimetotimetoinorderforthePurchasertoexerciseitsCallRightinfull.

3.3. Set-off.ThePurchasershallbeabsolutelyentitledtoreceiveallSeller'sSharessubjecttotheexerciseof

aCallRight,andforthepurposesofthisAgreement,Sellerherebywaives,asagainstthePurchaser,allrightsofsetofforcounterclaimthatwouldormightotherwisebeavailabletotheSeller.

3.4 EscrowofSeller'sShares

UponexecutionofthisAgreement,SellershalldelivertoGlobalLawOffice,asCollateralAgent(the“CollateralAgent”),certificatesrepresentingSeller'sShares.ThecertificatesrepresentingtheSeller'sShares(togetherwithdulyexecutedstockpowersinblank)shallbeheldbytheCollateralAgent.

UponreceiptofaCallExerciseNotice,theCollateralAgentshallpromptlydelivertheSeller'sSharesbeingpurchasedpursuanttosuchCallExerciseNoticeinaccordancewiththeinstructionssetforththereinandinaccordancewithanyother【Lock-UporMakeGoodAgreement】inplacebetweenthePurchaserorSellerandotherthirdparty.IntheeventthattheCollateralAgentshallreceivenoticefromthePartiesthattheConditionshavenotbeenmet,theSeller'sSharesshallbedistributedinaccordancewiththeirinstructions.

REPRESENTATIONSANDWARRANTIES.

RepresentationsandWarrantiesbySeller.SellerrepresentsandwarrantstoPurchaserthat:

DueAuthorization.TheexecutionanddeliveryofthisAgreementandtheconsummationofthetransactionscontemplatedhereundertobecarriedoutbyithavebeendulyauthorizedbyallnecessaryactiononthepartofSeller.ThisAgreement,andallagreementsanddocumentsexecutedanddeliveredpursuanttothisAgreement,constitutevalidandbindingobligationsofsuchSeller,enforceableagainstsuchSellerinaccordancewithitsterms,subjecttoapplicableBankruptcyLawsandotherlawsorequitableprinciplesofgeneralapplicationaffectingtherightsofcreditorsgenerally.

NoConflicts.NeithertheexecutionordeliveryofthisAgreementbytheSellernorthefulfillmentorcompliancebytheSellerwithanyofthetermshereofshall,withorwithoutthegivingofnoticeand/orthepassageoftime,(i)conflictwith,orresultinabreachoftheterms,conditionsorprovisionsof,orconstituteadefaultunder,(A)theorganizationalorcharterdocumentsoftheSelleror(B)anycontractoranyjudgment,decreeorordertowhichSellerissubjectorbywhichtheSellerisbound,or(ii)requireanyconsent,license,permit,authorization,approvalorotheractionbyanyPersonorGovernmentAuthoritywhichhasnotyetbeenobtainedorreceived.Theexecution,deliveryandperformanceofthisAgreementbytheSellerorcompliancewiththeprovisionshereofbytheSellerdoesnot,andshallnot,violateanyprovisionofanyLawtowhichtheSellerissubjectorbywhichitisbound.

NoActions.Therearenolawsuits,actions(ortothebestknowledgeoftheSeller,investigations),claimsordemandsorotherproceedingspendingor,tothebestoftheknowledgeoftheSeller,threatenedagainsttheSellerwhich,ifresolvedinamanneradversetotheSeller,wouldadverselyaffecttherightorabilityoftheSellertocarryoutitsobligationssetforthinthisAgreement.

Title.SellerownstheSeller'sSharesfreeandclearofanyclaim,pledge,charge,lien,preemptiverights,restrictionsontransfers,proxies,votingagreementsandanyotherencumbrancewhatsoever,exceptascontemplatedbythisAgreement.TheSellerhasnotenteredintoorisapartytoanyagreementthatwouldcausetheSellertonotownsuchSeller'sSharesfreeandclearofanyencumbrance,exceptascontemplatedbythisAgreement.

RepresentationsandWarrantiesbyPurchaser.ThePurchaserrepresentsandwarrantstotheSellerthat:

DueAuthorization.TheexecutionanddeliveryofthisAgreementandtheconsummationofthetransactionscontemplatedhereundertobecarriedoutbyithavebeendulyauthorizedbyallnecessaryactiononthepartofthePurchaser.ThisAgreement,andallagreementsanddocumentsexecutedanddeliveredpursuanttothisAgreement,constitutevalidandbindingobligationsofPurchaser,enforceableagainstPurchaserinaccordancewithitsterms,subjecttoapplicableBankruptcyLawsandotherlawsorequitableprinciplesofgeneralapplicationaffectingtherightsofcreditorsgenerally.

NoConflicts.NeithertheexecutionordeliveryofthisAgreementbyPurchasernorthefulfillmentorcompliancebyPurchaserwithanyofthetermshereofshall,withorwithoutthegivingofnoticeand/orthepassageoftime,(i)conflictwith,orresultinabreachoftheterms,conditionsorprovisionsof,orconstituteadefaultunder,(A)theorganizationalorcharterdocumentsofPurchaseror(B)anycontractoranyjudgment,decreeorordertowhichPurchaserissubjectorbywhichPurchaserisbound,or(ii)requireanyconsent,license,permit,authorization,approvalorotheractionbyanyPersonorGovernmentAuthoritywhichhasnotyetbeenobtainedorreceived.Theexecution,deliveryandperformanceofthisAgreementbyPurchaserorcompliancewiththeprovisionshereofbyPurchaserdoesnot,andshallnot,violateanyprovisionofanyLawtowhichPurchaserissubjectorbywhichitisbound.

NoActions.Therearenolawsuits,actions(ortothebestknowledgeofPurchaser,investigations),claimsordemandsorotherproceedingspendingor,tothebestoftheknowledgeofPurchaser,threatenedagainstPurchaserwhich,ifresolvedinamanneradversetoPurchaser,wouldadverselyaffecttherightorabilityofPurchasertocarryoutitsobligationssetforthinthisAgreement.

EVENTSOFDEFAULTANDTERMINATION

5.1 EventsofDefault.TheoccurrenceatanytimewithrespecttoaParty(the“DefaultingParty”)ofanyof

thefollowingeventsshallconstituteaneventofdefault(an“EventofDefault”)withrespecttosuchparty:

FailuretoPayorDeliver.ThefailurebyaPartytomake,whendue,anypaymentunderthisAgreementordelivertheSeller'sSharesinaccordancewiththisAgreement,ifsuchfailureisnotremediedonorbeforethethirdBusinessDayafternoticeofsuchfailureisgiventotheDefaultingParty;

RreachofAgreement.ThefailurebyaPartytocomplywithorperformanyagreement,covenantorobligation(otherthanafailuredescribedinSection5.1(a))tobecompliedwithorperformedbysuchPartyinaccordancewiththisAgreementifsuchfailureisnotremediedonorbeforethetenthRusinessDayafternoticeofsuchfailureisgiventotheDefaultingParty;or

Bankruptcy.AParty(1)isdissolved(otherthanpursuanttoaconsolidation,amalgamationormerger);(2)becomesinsolventorisunabletopayitsdebtsorfailsoradmitsinwritingitsinabilitygenerallytopayitsdebtsastheybecomedue;(3)makesageneralassignment,arrangementorcompositionwithorforthebenefitofitscreditors;(4)institutesorhasinstitutedagainstitaproceedingseekingajudgmentofinsolvencyorbankruptcyoranyreliefunderanyBankruptcyLaw,orapetitionispresentedforitswinding-uporliquidation,andinthecaseofanysuchproceedingorpetitioninstitutedorpresentedagainstit,suchproceedingorpetition(A)resultsinajudgmentofinsolvencyorbankruptcyortheentryofanorderforrelieforthemakingofanorderforitswinding-up

orliquidationor(B)isnotdismissed,discharged,stayedorrestrainedineachcasewithin30daysoftheinstitutionorpresentationthereof;(5)hasaresolutionpassedforitswinding-up,officialmanagementorliquidation(otherthanpursuanttoaconsolidation,amalgamationormerger);(6)seeksorbecomessubjecttotheappointmentofanadministrator,provisionalliquidator,conservator,receiver,trustee,custodianorothersimilarofficialforitorforallorsubstantiallyallitassets;(7)hasasecuredpartytakepossessionofallorsubstantiallyallitsassetsorhasadistress,execution,attachment,sequestrationorotherlegalprocesslevied,enforcedorsuedonoragainstallorsubstantiallyallitsassetsandsuchsecuredpartymaintainspossession,oranysuchprocessisnotdismissed,discharged,stayedorrescinded,ineachcasewithin30daysthereafter;(8)causesorissubjecttoanyeventwithrespecttoitwhich,undertheapplicableLaw,hasananalogouseffecttoanyoftheeventsdescribedinclauses(1)through(7);or(9)takesanyactioninfurtheranceof,orindicatingitsconsentto,approvalof,oracquiescencein,anyoftheforegoingacts.

Termination.IfatanytimeanEventofDefaultwithrespecttoaPartyhasoccurredandiscontinuing,theotherpartymayterminatethisAgreementanddeemtheExpirationDatetohaveoccurredbygivingwrittennoticetotheDefaultingPartyspecifyingtherelevantEventofDefault.

MISCELLANEOUS.

GoverningLaw;Jurisdiction.ThisAgreementshallbeconstruedaccordingto,andtherightsofthePartiesshallbegovernedby,thelawsoftheStateofNewYork,withoutreferencetoanyconflictoflawsprinciplethatwouldcausetheapplicationofthelawsofanyjurisdictionotherthanNewYork.EachPartyherebyirrevocablysubmitstotheexclusivejurisdictionofthefederalandstatecourtssittingintheCityofNewYork,fortheadjudicationofanydisputehereunderorinconnectionherewith,andagreesnottoassertinanysuit,actionorproceeding,anyclaimthatitisnotpersonallysubjecttothejurisdictionofsuchcourt,thatsuch,suit,actionorproceedingisbroughtinaninconvenientforum,orthatthevenueofsuchsuit,actionorproceedingisimproper.

SuccessorsandAssigns.NoPartymayassignthisAgreementoranyrightsorobligationshereunderwithoutthepriorwrittenconsentoftheotherParty.Theprovisionshereofshallinuretothebenefitof,andbebindingupon,thesuccessorsandpermittedassignsoftheParties.

EntireAgreement;Amendment.ThisAgreementconstitutesthefullandentireunderstandingandagreementbetweenandamongthePartieswithregardtothesubjectmatterhereof.AnytermofthisAgreementmaybeamendedonlywiththewrittenconsentofeachParty.

NoticesandOtherCommunications.Anyandallnotices,requests,demandsandothercommunicationsrequiredorotherwisecontemplatedtobemadeunderthisAgreementshallbeinwritingandshallbeprovidedbyoneormoreofthefollowingmeansandshallbedeemedtohavebeendulygiven(a)ifdeliveredpersonally,whenreceived,(b)iftransmittedbyfacsimile,onthedateoftransmissionwithreceiptofatransmittalconfirmation,or(c)ifbyaninternationallyrecognizedovernightcourierservice,oneBusinessDayafterdepositwithsuchcourierservice.Allsuchnotices,requests,demandsandothercommunicationsshallbeaddressedtosuchaddressorfacsimilenumberasapartymayhavespecifiedtotheotherpartiesinwritingdeliveredinaccordancewiththisSection6.4.

DelaysorOmissions.Nodelayoromissiontoexerciseanyright,powerorremedyaccruingtoanyPersonhereunder,uponanybreachordefaultunderthisAgreement,shallimpairanysuchright,powerorremedynorshallitbeconstruedtobeawaiverofanysuchbreachordefault,oranacquiescencetherein,oroforinanysimilarbreachordefaultthereafteroccurring;norshallanywaiverofanysinglebreachordefaultbedeemedawaiverofanyotherbreachordefaulttheretoforeorthereafteroccurring.Anywaiver,permit,consentorapprovalofanykindorcharacteronthepartofanyPersonhereunderofanybreachordefaultunderthisAgreement,oranywaiveronthepartofanyPersonofanyprovisionsorconditionsofthisAgreement,mustbeinwritingandshallbeeffectiveonlytotheextentspecificallysetforthinsuchwritin