Share Transfer Agreement between Vinit Bansal and Globis Capital Partners, L.P. (Asia Automotive Acquisition Corporation)

Summary

Vinit Bansal agrees to transfer 12,000 shares of common stock in Asia Automotive Acquisition Corporation to Globis Capital Partners, L.P. for $300. Globis Capital Partners confirms it is acquiring the shares for investment purposes, is an accredited investor, and understands the shares are unregistered and subject to restrictions under the Securities Act. The agreement also acknowledges Globis Capital Partners' familiarity with the company's business and financial condition based on its SEC filings.

EX-10.2.4 12 k97355a3exv10w2w4.txt FORM OF LETTER AGREEMENT BET. VINIT BANSAL AND GLOBIS CAPITAL PARTNERS L.P. EXHIBIT 10.2.4 As of February 8, 2006 Globis Capital Partners, L.P. 60 Broad Street New York, NY 10004 Attn: Paul Packer Gentlemen: The undersigned hereby agrees to transfer to you 12,000 shares ("Shares") of common stock, par value $.001 per share, of Asia Automotive Acquisition Corporation ("Company"), a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with an automotive operating business that has its primary operating facilities located in Asia, in exchange for $300. By agreeing to the foregoing transfer, you understand that the Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act"); that you are acquiring the Shares for your account for investment purposes only; that you have no present intention of selling or otherwise disposing of the Shares in violation of the Securities Act; that you are an "accredited investor" as defined by Rule 501 of Regulation D promulgated under the Securities Act; and that, based solely on a review of the Registration Statement on Form S-1, as amended to date, filed with the SEC, you are familiar with the proposed business, management, financial condition, and affairs of the Company. Very truly yours, - ------------------------------------- Vinit Bansal Agreed to by: Globis Capital Partners, L.P. By: --------------------------------- Name: ------------------------------- Title: ------------------------------