Stock Transfer Agreement between Chun Yi Hao and Mitchell Metzman for Asia Automotive Acquisition Corporation Shares

Summary

Chun Yi Hao agrees to transfer 10,000 shares of common stock in Asia Automotive Acquisition Corporation to Mitchell Metzman for $250. Metzman acknowledges that the shares are unregistered, will be held for investment purposes, and will not be sold in violation of securities laws. He also confirms he is an accredited investor and is familiar with the company's business and financial condition based on its SEC filings.

EX-10.2.16 25 k97355a4exv10w2w16.txt LETTER AGREEMENT BET. CHUN YI HAO AND MITCHELL METZMAN EXHIBIT 10.2.16 As of February 8, 2006 Mitchell Metzman 4808 Moorland Lane Suite 109 Bethesda, MD 20814 Gentlemen: The undersigned hereby agrees to transfer to you 10,000 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 $250. 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, /s/ Chun Yi Hao - ---------------- Chun Yi Hao Agreed to: Mitchell Metzman /s/ Mitchell Metzman - ---------------------