Document:

Form of Escrow Agreement

 Exhibit 10.2 
 ESCROW AGREEMENT 
 This Agreement is dated as of the 22nd day of June, 2009 among Commonwealth
Biotechnologies, Inc., a Virginia corporation (the “Company”), the Subscribers identified on Schedule A hereto (each a “Subscriber” and collectively “Subscribers”), and Grushko & Mittman, P.C. (the “Escrow
Agent”): 
 W I T N E S S E T H: 
 WHEREAS, the Company and Subscribers have entered into a Subscription Agreement calling for the sale by the Company to the Subscriber of promissory notes
(“Notes”) for an aggregate purchase price of up to $369,950 in the amounts set forth on Schedule A hereto; and 
 WHEREAS, the
parties hereto require the Company to deliver the Notes against payment therefor, with such Notes to be delivered to the Escrow Agent, along with the other documents, instruments and payments hereinafter described, to be held in escrow and released
by the Escrow Agent in accordance with the terms and conditions of this Agreement; and 
 WHEREAS, the Escrow Agent is willing to serve as
escrow agent pursuant to the terms and conditions of this Agreement; 
 NOW THEREFORE, the parties agree as follows: 
 ARTICLE I 
 INTERPRETATION

 1.1. Definitions. Capitalized terms used and not otherwise defined herein that are defined in the Subscription Agreement shall
have the meanings given to such terms in the Subscription Agreement. Whenever used in this Agreement, the following terms shall have the following respective meanings: 
  

	 	•	 	 “Agreement” means this Agreement and all amendments made hereto and thereto by written agreement between the parties; 

  

	 	•	 	 “Closing Date” shall have the meaning set forth in Section 1 of the Subscription Agreement; 

  

	 	•	 	 “Legal Fees” shall have the meaning set forth in Section 8 of the Subscription Agreement; 

  

	 	•	 	 “Legal Opinion” means the original signed legal opinion referred to in Section 5 of the Subscription Agreement; 

  

	 	•	 	 “Notes” shall have the meaning set forth in Section 1 of the Subscription Agreement; 

  

	 	•	 	 “Purchase Price” shall mean up to $369,950; 

  

	 	•	 	 “Subscription Agreement” means the Subscription Agreement (and the exhibits and schedules thereto) entered into or to be entered into by the Company and
Subscribers in reference to the sale and purchase of the Notes; 

  

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	 	•	 	 Collectively, the executed Subscription Agreement, Notes, and Legal Opinion are referred to as “Company Documents”; and 

  

	 	•	 	 Collectively, the Subscriber executed Subscription Agreement is referred to as “Subscriber Documents”. 

 1.2. Entire Agreement. This Agreement along with the Company Documents and the Subscriber Documents constitute the entire agreement between the
parties hereto pertaining to the Company Documents and Subscriber Documents and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties. There are no warranties, representations and
other agreements made by the parties in connection with the subject matter hereof except as specifically set forth in this Agreement, the Company Documents and the Subscriber Documents. 
 1.3. Extended Meanings. In this Agreement words importing the singular number include the plural and vice versa; words importing the masculine
gender include the feminine and neuter genders. The word “person” includes an individual, body corporate, partnership, trustee or trust or unincorporated association, executor, administrator or legal representative. 
 1.4. Waivers and Amendments. This Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms and conditions
hereof may be waived, only by a written instrument signed by all parties, or, in the case of a waiver, by the party waiving compliance. Except as expressly stated herein, no delay on the part of any party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party of any right, power or privilege hereunder preclude any other or future exercise of any other right, power or privilege hereunder. 
 1.5. Headings. The division of this Agreement into articles, sections, subsections and paragraphs and the insertion of headings are for
convenience of reference only and shall not affect the construction or interpretation of this Agreement. 
 1.6. Law Governing this
Agreement. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts of laws principles that would result in the application of the substantive laws of another
jurisdiction. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state of New York. Both
parties and the individuals executing this Agreement and other agreements on behalf of the Company agree to submit to the jurisdiction of such courts and waive trial by jury. The prevailing party (which shall be the party which receives an award
most closely resembling the remedy or action sought) shall be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of this Agreement or any other agreement delivered in connection
herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law.
Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. 
 1.7. Specific Enforcement, Consent to Jurisdiction. The Company and Subscriber acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not
performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injuction or injunctions to prevent or cure breaches of the provisions of this Agreement and to enforce
specifically the terms and provisions hereof or thereof, this being in addition to any other remedy to which any of them may be entitled by law or equity. Subject to Section 1.6 hereof, each of the Company and Subscriber hereby waives, and
agrees not to assert in any such suit, action or proceeding, any claim that it is not 

  

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personally subject to the jurisdiction of such court, that the suit, action or proceeding is brought in an inconvenient forum or that the venue of the suit,
action or proceeding is improper. Nothing in this Section shall affect or limit any right to serve process in any other manner permitted by law. 
 ARTICLE II 
 DELIVERIES TO THE ESCROW AGENT 
 2.1. Company Deliveries. On or before the Closing Date, the Company shall deliver the Company Documents to the Escrow Agent. 
 2.2. Subscriber Deliveries. On or before the Closing Date, each Subscriber shall deliver to the Escrow Agent the executed Subscription Agreement.

 2.3. Intention to Create Escrow Over Company Documents and Subscriber Documents. The Subscriber and Company intend that the Company
Documents and Subscriber Documents shall be held in escrow by the Escrow Agent pursuant to this Agreement for their benefit as set forth herein. 
 2.4. Escrow Agent to Deliver Company Documents and Subscriber Documents. The Escrow Agent shall hold and release the Company Documents and Subscriber Documents only in accordance with the terms and conditions of this Agreement.

 ARTICLE III 
 RELEASE
OF COMPANY DOCUMENTS AND SUBSCRIBER DOCUMENTS 
 3.1. Release of Escrow. Subject to the provisions of Section 4.2, the Escrow
Agent shall release the Company Documents and Subscriber Documents as follows: 
 (a) On the Closing Date, the Escrow Agent will
simultaneously release the Company Documents to the Subscriber and release the Subscriber Documents to the Company. 
 (b) Notwithstanding
the above, upon receipt by the Escrow Agent of joint written instructions (“Joint Instructions”) signed by the Company and the Subscriber, it shall deliver the Company Documents and Subscriber Documents in accordance with the terms of the
Joint Instructions. 
 (c) Notwithstanding the above, upon receipt by the Escrow Agent of a final and non-appealable judgment, order, decree
or award of a court of competent jurisdiction (a “Court Order”), the Escrow Agent shall deliver the Company Documents and Subscriber Documents in accordance with the Court Order. Any Court Order shall be accompanied by an opinion of
counsel for the party presenting the Court Order to the Escrow Agent (which opinion shall be satisfactory to the Escrow Agent) to the effect that the court issuing the Court Order has competent jurisdiction and that the Court Order is final and
non-appealable. 
 3.2. Acknowledgement of Company and Subscriber; Disputes. The Company and the Subscriber acknowledge that the only
terms and conditions upon which the Company Documents and Subscriber Documents are to be released are set forth in Sections 3 and 4 of this Agreement. The Company and the Subscriber reaffirm their agreement to abide by the terms and conditions of
this Agreement with respect to the release of the Company Documents and Subscriber Documents. Any dispute with respect to the release of the Company Documents and Subscriber Documents shall be resolved pursuant to Section 4.2 or by agreement
between the Company and Subscriber. 
  

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 ARTICLE IV 
 CONCERNING THE ESCROW AGENT 
 4.1. Duties and Responsibilities of the Escrow Agent. The Escrow
Agent’s duties and responsibilities shall be subject to the following terms and conditions: 
 (a) The Subscriber and Company
acknowledge and agree that the Escrow Agent (i) shall not be responsible for or bound by, and shall not be required to inquire into whether either the Subscriber or Company is entitled to receipt of the Company Documents and Subscriber
Documents pursuant to, any other agreement or otherwise; (ii) shall be obligated only for the performance of such duties as are specifically assumed by the Escrow Agent pursuant to this Agreement; (iii) may rely on and shall be protected
in acting or refraining from acting upon any written notice, instruction, instrument, statement, request or document furnished to it hereunder and believed by the Escrow Agent in good faith to be genuine and to have been signed or presented by the
proper person or party, without being required to determine the authenticity or correctness of any fact stated therein or the propriety or validity or the service thereof; (iv) may assume that any person believed by the Escrow Agent in good
faith to be authorized to give notice or make any statement or execute any document in connection with the provisions hereof is so authorized; (v) shall not be under any duty to give the property held by Escrow Agent hereunder any greater
degree of care than Escrow Agent gives its own similar property; and (vi) may consult counsel satisfactory to Escrow Agent, the opinion of such counsel to be full and complete authorization and protection in respect of any action taken,
suffered or omitted by Escrow Agent hereunder in good faith and in accordance with the opinion of such counsel. 
 (b) The Subscriber and
Company acknowledge that the Escrow Agent is acting solely as a stakeholder at their request and that the Escrow Agent shall not be liable for any action taken by Escrow Agent in good faith and believed by Escrow Agent to be authorized or within the
rights or powers conferred upon Escrow Agent by this Agreement. The Subscriber and Company, jointly and severally, agree to indemnify and hold harmless the Escrow Agent and any of Escrow Agent’s partners, employees, agents and representatives
for any action taken or omitted to be taken by Escrow Agent or any of them hereunder, including the fees of outside counsel and other costs and expenses of defending itself against any claim or liability under this Agreement, except in the case of
gross negligence or willful misconduct on Escrow Agent’s part committed in its capacity as Escrow Agent under this Agreement. The Escrow Agent shall owe a duty only to the Subscriber and Company under this Agreement and to no other person.

 (c) The Subscriber and Company jointly and severally agree to reimburse the Escrow Agent for outside counsel fees, to the extent
authorized hereunder and incurred in connection with the performance of its duties and responsibilities hereunder. 
 (d) The Escrow Agent
may at any time resign as Escrow Agent hereunder by giving five (5) days prior written notice of resignation to the Subscriber and the Company. Prior to the effective date of the resignation as specified in such notice, the Subscriber and
Company will issue to the Escrow Agent a Joint Instruction authorizing delivery of the Company Documents and Subscriber Documents to a substitute Escrow Agent selected by the Subscriber and Company. If no successor Escrow Agent is named by the
Subscriber and Company, the Escrow Agent may apply to a court of competent jurisdiction in the State of New York for appointment of a successor Escrow Agent, and to deposit the Company Documents and Subscriber Documents with the clerk of any such
court. 
 (e) The Escrow Agent does not have and will not have any interest in the Company Documents and Subscriber Documents, but is serving
only as escrow agent, having only possession thereof. The Escrow Agent shall not be liable for any loss resulting from the making or retention of any investment in accordance with this Escrow Agreement. 
  

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 (f) This Agreement sets forth exclusively the duties of the Escrow Agent with respect to any and all
matters pertinent thereto and no implied duties or obligations shall be read into this Agreement. 
 (g) The Escrow Agent shall be permitted
to act as counsel for the Subscriber in any dispute as to the disposition of the Company Documents and Subscriber Documents, in any other dispute between the Subscriber and Company, whether or not the Escrow Agent is then holding the Company
Documents and Subscriber Documents and continues to act as the Escrow Agent hereunder. 
 (h) The provisions of this Section 4.1 shall
survive the resignation of the Escrow Agent or the termination of this Agreement. 
 4.2. Dispute Resolution: Judgments. Resolution of
disputes arising under this Agreement shall be subject to the following terms and conditions: 
 (a) If any dispute shall arise with respect
to the delivery, ownership, right of possession or disposition of the Company Documents and Subscriber Documents, or if the Escrow Agent shall in good faith be uncertain as to its duties or rights hereunder, the Escrow Agent shall be authorized,
without liability to anyone, to (i) refrain from taking any action other than to continue to hold the Company Documents and Subscriber Documents pending receipt of a Joint Instruction from the Subscriber and Company, or (ii) deposit the
Company Documents and Subscriber Documents with any court of competent jurisdiction in the State of New York, in which event the Escrow Agent shall give written notice thereof to the Subscriber and the Company and shall thereupon be relieved and
discharged from all further obligations pursuant to this Agreement. The Escrow Agent may, but shall be under no duty to, institute or defend any legal proceedings which relate to the Company Documents and Subscriber Documents. The Escrow Agent shall
have the right to retain counsel if it becomes involved in any disagreement, dispute or litigation on account of this Agreement or otherwise determines that it is necessary to consult counsel. 
 (b) The Escrow Agent is hereby expressly authorized to comply with and obey any Court Order. In case the Escrow Agent obeys or complies with a Court
Order, the Escrow Agent shall not be liable to the Subscriber and Company or to any other person, firm, corporation or entity by reason of such compliance. 
 ARTICLE V 
 GENERAL MATTERS 
 5.1. Termination. This escrow shall terminate upon the release of all of the Company Documents and Subscriber Documents or at any time upon the
agreement in writing of the Subscriber and Company. 
 5.2. Notices. All notices, demands, requests, consents, approvals, and other
communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid,
(iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by
written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine,
at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal
business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall
first occur. The addresses for such communications shall be: 
  

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	(a)	If to the Company, to: 

 Commonwealth
Biotechnologies, Inc. 
 601 Biotech Drive 
 Richmond, VA 23235 
 Attn, Dr. ‘Richard J. Freer, Ph.D., COO 
 Fax: (804) 648-2641 
 With a copy by telecopier only to: 
 Kaufman and Canoles, P.C. 
 Three James Center, 12th Floor 
 1051 East Cary Street 
 Richmond, VA 23219 
 Attn: Bradley A. Haneberg, Esq. 
 Fax: (804) 771-5777 
  

	(b)	If to the Subscribers, to: the addresses and fax numbers listed on Schedule A hereto 

  

	(c)	If to the Escrow Agent, to: 

 Grushko & Mittman, P.C. 
 551 Fifth Avenue, Suite 1601 
 New York, New York 10176 
 Fax: 212-697-3575 
 or to such other address as any of them shall give to the others by notice made pursuant to this
Section 5.2. 
 5.3. Assignment; Binding Agreement. Neither this Agreement nor any right or obligation hereunder shall be
assignable by any party without the prior written consent of the other parties hereto. This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective legal representatives, successors and assigns.

 5.4. Invalidity. In the event that any one or more of the provisions contained herein, or the application thereof in any
circumstance, is held invalid, illegal, or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be in any way
impaired thereby, it being intended that all of the rights and privileges of the parties hereto shall be enforceable to the fullest extent permitted by law. 
 5.5. Counterparts/Execution. This Agreement may be executed in any number of counterparts and by different signatories hereto on separate counterparts, each of which, when so executed, shall be deemed an
original, but all such counterparts shall constitute but one and the same instrument. This Agreement may be executed by facsimile transmission and delivered by facsimile transmission. 
  

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 5.6. Agreement. Each of the undersigned states that he has read the foregoing Escrow Agreement and
understands and agrees to it. 
  

			
	COMMONWEALTH BIOTECHNOLOGIES, INC.
	the “Company”
		
	By:	 	  

 “SUBSCRIBERS” 
  

					
	  
	 		 	  

	ALPHA CAPITAL ANSTALT	 		 	CHESTNUT RIDGE PARTNERS L.P.
			
	  
	 		 	  

	CENTURION MICROCAP, LP	 		 	BRIO CAPITAL L.P.
			
	  
	 		 	  

	BRIO CAPITAL SELECT LLC	 		 	ASSAMEKA CAPITAL

  

	
	ESCROW AGENT:
	
	  

	GRUSHKO & MITTMAN, P.C.

  

 7Tripartite Agreement on the Transfer of Rights and Obligations

 Exhibit 4.17 
 [English Translation] 
 Tripartite Agreement 
 On the Transfer of Rights and Obligations 
 Relating to the Interconnection
and 
 Settlement Arrangements 
 Among 
 China Mobile Communications Corporation, 
 China Tietong Telecommunications Corporation 
 and 
 China Mobile Limited 

 This Agreement is entered into by and among the following three parties in Beijing: 
  

	
	Party A: China Mobile Communications Corporation (“CMCC”)
	Legal Representative: Wang Jianzhou
	Address: 29 Finance Avenue, Xicheng District, Beijing
	
	Party B: China Tietong Telecommunications Corporation (“Tietong”)
	Legal Representative: Zhao Jibin
	Address: 2 Guangningbo Street, Xicheng District, Beijing
	
	Party C: China Mobile Limited (“CML”)
	Legal Representative: Wang Jianzhou
	Address: The Center, 99 Queen’s Road Central, Hong Kong

 Whereas: 
  

	1.	Party B is consolidated into Party A pursuant to the Announcement on Deepening the Reform of the Structure of the Telecommunications Sector in Mainland China jointly issued by the
Ministry of Industry and Information Technology, the National Development and Reform Commission and the Ministry of Finance; 

  

	2.	 Party A and Party B executed the Interconnection and Settlement Arrangement Agreement between China Mobile Communications Corporation and Railway Communication Co.,
Ltd. on January 29, 2002; Annex 1: Supplementary Agreement to the Interconnection and Settlement Arrangement Agreement between China Mobile Communications Corporation and Railway Communication Co., Ltd. on Opening Up Tietong’s Account Card
Dial-up Service on March 29, 2002 (expired); Annex 2: Interconnection and Settlement Arrangement Agreement in Connection with the Land Cellular Mobile Network of CMCC and the IP Phone Network of Railway Communication Co., Ltd. on April 29,
2002; the Supplementary Agreement between China Mobile Communications Corporation and Railway Communication Co., Ltd. in Connection with Access to Long Distance Call Networks Selected by Mobile Subscribers for Calls to Mobile Subscribers of Another
Locations on September 9, 2002 (expired); the Supplementary Agreement on Opening Up Tietong’s IDD, 197 Long Distance Call and 197300 Account Card Dial-up Businesses on May 15, 2003; the Memorandum on Opening Up Tietong’s IP Phone
Business, Internet Dial-up 

  

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Access Business, Calling Card Business and Business Stations on March 9, 2004; the Supplementary Agreement on Sharing of Charges by Tietong’s 4007
Calling and Called Parties on February 4, 2005; the Agreement for the Trial Interconnection in Chongqing, Shenyang and Changchun between CMCC’s Land Cellular Telecommunications Network and Tietong’s 800MHz Pilot iDEN for the Trial
Commercial Operation (the “Trial Interconnection Agreement”) on April 20, 2005; the Supplementary Agreement on Opening Up Tietong’s Provincial Voice Mailbox Business (102199) on December 21, 2005; the Supplementary
Agreement to the Trial Interconnection Agreement (Opening Up Tietong’s iDEN Business in Qinhuangdao) on July 9, 2007; the Agreement between Tietong and CMCC on Internet Backbone Network Direct Interconnection (Direct Interconnection to
2.5G in Beijing) on August 4, 2006; and the Agreement between CMCC and Tietong on Internet Backbone Network Capacity Expansion (Capacity Expansion to 1G in Beijing) on December 27, 2007. A total of 12 agreements have been executed, of
which two have expired and the remaining are still in effect, and they are hereinafter collectively referred to as the “Interconnection and Settlement Arrangement Agreements between Party A and Party B”; and 

 

	3.	The rights and obligations of Party A under the Interconnection and Settlement Arrangement Agreements between Party A and Party B shall be transferred and assigned to Party C after
the consolidation of Party B into Party A. Pursuant to the relevant provisions of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Hong Kong Listing Rules”), the interconnection and settlement
arrangements between Party B and Party C shall constitute a connected transaction of Party C and Party C shall enter into a written agreement in relation to any such transaction. 

 THEREFORE, following amicable consultations, Party A, Party B and Party C have reached the following agreements: 
  

			
	Article 1	  	The parties agree that all the rights and obligations of Party A under the Interconnection and Settlement Arrangement Agreements between Party A and Party B be transferred and assigned to Party
C.
		
	Article 2	  	All inter-network businesses opened up to each other by Party A and Party B by means of joint announcements shall be carried out by Party B and Party C in accordance with such joint
announcements, unless otherwise agreed by Party B and Party C in writing.
		
	Article 3	  	No party shall disclose any content of this Agreement to any other party without the written consent from the other two parties, except that Party C may do so in compliance with the Hong Kong
Listing Rules or as otherwise required by the relevant laws and regulations.
		
	Article 4	  	Any matters that are not addressed under this Agreement shall be solved through discussions among the three parties hereto. Supplementary agreements may be entered into when
necessary.
		
	Article 5	  	This Agreement shall be executed in six (6) counterparts, two (2) of which be retained by each party hereto.
		
	Article 6	  	This Agreement shall come into effect on the date when it has been duly executed by the legal representative of each other or its authorized representative, and shall be valid until December 31,
2009. This Agreement shall be extended automatically for one year, unless any of the parties gives a written notice to the other two parties three (3) months before the expiration of this Agreement, notifying that it will not renew this Agreement.

  

	
	Party A: China Mobile Communications Corporation
	Legal representative or its authorized representative: /s/ WEI Lihong
	Date: November 13, 2008
	
	Party B: China Tietong Telecommunications Corporation
	Legal representative or its authorized representative: /s/ WANG Guizhi
	Date: November 13, 2008
	
	Party C: China Mobile Limited
	Legal representative or its authorized representative: /s/ LI Wei
	Date: November 13, 2008

  

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