Document:

Unassociated Document

    Exhibit
      10.3

    MAKE
      GOOD ESCROW AGREEMENT 

     

    This
      Make
      Good Escrow Agreement (the "Make Good Agreement"), dated effective as of
      February 1, 2007, is entered into by and among Bronze Marketing, Inc., a Nevada
      corporation (the "Company"), Roth Capital Partners, LLC, as agent (“Roth”), Ms.
      Lifang Chen, in her individual capacity ("Make Good Pledgor"), and Wells Fargo
      Bank, National Association, as escrow agent ("Escrow Agent"). 

     

    WHEREAS,
      each of the investors in the private offering of securities of the Company
      (the
      "Investors") has entered into a Securities Purchase Agreement, dated February
      1,
      2007 (the "SPA"), evidencing their participation in the Company's private
      offering (the "Offering")
      of
      securities. As an inducement to the Investors to participate in the Offering
      and
      as set forth in the SPA, Make Good Pledgor agreed to place the Escrow Shares
      (as
      defined in Section 2 hereto) into escrow for the benefit of the Investors in
      the
      event the Company failed to satisfy certain After-Tax Net Income thresholds.
      

     

    WHEREAS,
      pursuant to the requirements of the SPA, the Company and Make Good Pledgor
      have
      agreed to establish an escrow on the terms and conditions set forth in this
      Make
      Good Agreement; 

     

    WHEREAS,
      Roth has agreed to act as agent for the Investors in connection with this Make
      Good Agreement pursuant to the terms and conditions of that certain Agency
      Agreement, dated as of the date hereof, by and among Roth and the
      Investors;

     

    WHEREAS,
      the Escrow Agent has agreed to act as escrow agent pursuant to the terms and
      conditions of this Make Good Agreement; and 

     

    WHEREAS,
      all capitalized terms used but not defined herein shall have the meanings
      assigned them in the SPA; 

     

    NOW,
      THEREFORE, in consideration of the mutual promises of the parties and the terms
      and conditions hereof, the parties hereby agree as follows: 

     

    1.
      Appointment of Escrow Agent.
      Make
      Good Pledgor and the Company hereby appoint Escrow Agent to act in accordance
      with the terms and conditions set forth in this Make Good Agreement, and Escrow
      Agent hereby accepts such appointment and agrees to act in accordance with
      such
      terms and conditions. 

     

    
      2.
        Establishment of Escrow.
        Within
        one Business Day following the execution of this Make Good Agreement, Make
        Good
        Pledgor shall deliver, or cause to be delivered, to the Escrow Agent
        certificates evidencing an aggregate of 39,473.68 shares of the Company’s Series
        B Voting Convertible Stock, which are automatically convertible into 39,473,672
        shares (as converted, the "Escrow Shares") of the Company's common stock,
        par
        value $0.001 per share (the “Common Stock”), along with bank signature stamped
        stock powers executed in blank (or such other signed instrument of transfer
        acceptable to the Company’s Transfer Agent). As used in this Make Good
        Agreement, “Transfer Agent” means Interwest Transfer Co., Inc., or such other
        entity hereafter retained by the Company as its stock transfer agent as
        specified in a writing from the Company to the Escrow Agent and Roth. The
        number
        of Escrow Shares equals the number of shares of Common Stock which are issuable
        upon the automatic conversion of the Company’s Series B Voting Convertible Stock
        in accordance with the terms of the Certificate of Designation filed by the
        Company with the Secretary of State of the State of Nevada, setting forth
        the
        rights, preferences and privileges of such Series B preferred stock (the
        “Certificate of Designation” and such conversion shares, the “Underlying
        Shares”).

       

    

    
      
        
        

      

      
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    3. Representations
      of Make Good Pledgor.
      Make
      Good Pledgor hereby represents and warrants to Roth as follows: 

     

    (i)
      All
      of the Escrow Shares are validly issued, fully paid and nonassessable shares
      of
      the Company, and free and clear of all pledges, liens and encumbrances. Upon
      any
      transfer of Escrow Shares to Investors hereunder, Investors will receive full
      right, title and authority to such shares as holders of Common Stock of the
      Company.

     

    (ii) Performance
      of this Make Good Agreement and compliance with the provisions hereof will
      not
      violate any provision of any applicable law and will not conflict with or result
      in any breach of any of the terms, conditions or provisions of, or constitute
      a
      default under, or result in the creation or imposition of any lien, charge
      or
      encumbrance upon, any of the properties or assets of Make Good Pledgor pursuant
      to the terms of any indenture, mortgage, deed of trust or other agreement or
      instrument binding upon Make Good Pledgor, other than such breaches, defaults
      or
      liens which would not have a material adverse effect taken as a whole.

     

    4.
      Disbursement of Escrow Shares. 

     

    a. Fiscal
      Year Ended June 30, 2007.
      Make
      Good
      Pledgor agrees that if the After-Tax Net Income for the fiscal year ended June
      30, 2007 reported in the Company’s Annual Report on Form 10-K for the fiscal
      year ending June 30, 2007, as filed with the Commission (the “2007 Annual
      Report”) is less than $18,900,000 (the “2007 Guaranteed ATNI”), Roth
      shall provide written instruction (with a copy to the Company) and direct
      the Escrow Agent to instruct
      the
      Transfer Agent to transfer to each Investor (in such Investor's
      name) on a pro rata basis (based upon such Investor’s Investment Amount
      specified on Exhibit A attached hereto relative to the aggregate Investment
      Amounts of all Investors specified on Exhibit A attached hereto) for no
      additional consideration a number of shares of Common Stock as equals:
      [($18,900,000 - the actual After-Tax Net Income reported in the 2007 Annual
      Report)/$18,900,000] multiplied by 50% of the Underlying Shares which would
      be
      issuable in accordance with Section 6(a) of the Certificate of Designation
      (but
      without regard to any restrictions or caps on conversion contained in the
      Certificate of Designation or otherwise applicable to such Shares) upon a full
      conversion of such Investor’s Shares issued at Closing and then held at the time
      of such determination (the “2007
      Make
      Good Shares”). The Escrow Agent need only rely on the letter of instruction from
      Roth in this regard and will disregard any contrary instructions. The Escrow
      Agent shall be entitled to rely on the calculations provided by Roth in
      releasing the Escrow Shares for disbursement, with no further responsibility
      to
      calculate or confirm amounts. If the Company’s audited consolidated financial
      statements for the fiscal year ended June 30, 2007 specify that the 2007
      Guaranteed ATNI shall have been achieved, no transfer of the 2007 Make Good
      Shares shall be required by this Section and Roth shall provide written
      instruction (with a copy to the Company) to the Escrow Agent to return all
      2007
      Make Good Shares deposited with the Escrow Agent to the Make Good Pledgor within
      7 Business Days after the date which the 2007 Annual Report is filed with the
      Commission, provided that Escrow Agent is given notice of the 2007 Annual
      Report’s filing and results. Subject to the timing of the Transfer Agent,
      transfers of 2007 Make Good Shares required under this Section shall be made
      to
      Investors within 7 Business Days after the date which the 2007 Annual Report
      is
      filed with the Commission, provided that Escrow Agent is given notice of the
      2007 Annual Report’s filing and results. In the event that the 2007 Guaranteed
      ATNI is not achieved based on the Company's consolidated financial statements
      for the fiscal year ended June 30, 2007, as filed with the Commission, the
      Company has agreed that Roth will provide written instruction to the Escrow
      Agent and the Company with regard to the distribution of 2007 Make Good Shares,
      in an amount to each Investor as set forth on Exhibit
      A
      attached
      hereto. The Escrow Agent need only rely on the letter of instruction from Roth
      in this regard and will disregard any contrary instructions. The Escrow Agent
      shall be entitled to rely on the calculations provided by Roth in releasing
      the
      Escrow Shares for disbursement, with no further responsibility to calculate
      or
      confirm amounts. 

     

    
      
        
        

      

      
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    b. Fiscal
      Year Ending June 30, 2008.
      The
      Make Good Pledgor agrees that if the Company’s After-Tax Net Income for the
      fiscal year ended June 30, 2008 reported in the Company’s Annual Report on Form
      10-K for the fiscal year ending June 30, 2008, as filed with the Commission
      (the
“2008 Annual Report”) is less than $23,500,000 (the “2008 Guaranteed ATNI”),
      Roth shall provide written instruction (with a copy to the Company) and cause
      the Escrow Agent to instruct Transfer Agent to transfer to each Investor (in
      such Investor's name) on a pro rata basis (based upon such Investor’s
      Investment Amount relative to the aggregate Investment Amount of all Investors
      hereunder) for no additional consideration a number of shares of Common Stock
      as
      equals: [($23,500,000 - the actual After-Tax Net Income reported in the 2008
      Annual Report)/$23,500,000] multiplied by 50% of the Underlying Shares which
      would be issuable in accordance with Section 6(a) of the Certificate of
      Designation (but without regard to any restrictions or caps on conversion
      contained in the Certificate of Designation or otherwise applicable to such
      Shares) upon a full conversion of such Investor’s Shares issued at Closing and
      then held at the time of such determination (the “2008 Make Good Shares”). The
      Escrow Agent need only rely on the letter of instruction from Roth in this
      regard and will disregard any contrary instructions. The Escrow Agent shall
      be
      entitled to rely on the calculations provided by Roth in releasing the Escrow
      Shares for disbursement, with no further responsibility to calculate or confirm
      amounts. If the 2008 Annual Report indicates that the Company shall have
      satisfied the 2008 Guaranteed ATNI test specified above for such period, then
      no
      transfer to Investors of 2008 Make Good Shares shall be required by this Section
      and Roth shall provide written instruction (with a copy to the Company) to
      the
      Escrow Agent to return all 2008 Make Good Shares deposited with the Escrow
      Agent
      shall be returned to the Make Good Pledgor within 7 Business Days after the
      date
      which the Company’s 2008 Annual Report is filed with the Commission, provided
      that Escrow Agent is given notice of the 2008 Annual Report’s filing and
      results. Subject to the timing of the Transfer Agent, transfers of 2008 Make
      Good Shares required under this Section shall be made to Investors within 7
      Business Days after the date which the Company’s 2008 Annual Report is filed
      with the Commission, provided that Escrow Agent is given notice of the 2008
      Annual Report’s filing and results. In
      the
      event that the After-Tax
      Net Income
      reported
      in the Annual Report on Form 10-K of the Company for the fiscal year ending
      June
      30,
      2008,
      as
      filed with the Commission, is less than the 2008 Guaranteed ATNI,
      the
      Company has agreed that Roth will provide written instruction to the Escrow
      Agent and the Company with regard to the distribution of 2008 Make Good Shares,
      in an amount to each Investor as set forth on Exhibit
      A
      attached
      hereto. The Escrow Agent need only rely on the letter of instruction from Roth
      in this regard and will disregard any contrary instructions. The Escrow Agent
      shall be entitled to rely on the calculations provided by Roth in releasing
      the
      Escrow Shares for disbursement, with no further responsibility to calculate
      or
      confirm amounts. In
      the
      event that the After-Tax
      Net Income
      reported
      in the 2008 Annual Report is equal to or greater than the 2008 Guaranteed
      ATNI,
      Roth
      shall provide written instructions to the Escrow Agent and the Company for
      the
      release of the 2008 Make Good Shares to the Make Good Pledgor or to the
      registered holder of such shares who originally deposited such shares with
      the
      Escrow Agent. Notwithstanding anything to the contrary contained
      herein, in the event that the release of the 2007 Make Good Shares or
      the 2008 Make Good Shares to the Investors or the Make Good Pledgor is deemed
      to
      be an expense or deduction from revenues/income of the Company for the
      applicable year, as required under GAAP, then such expense or deduction shall
      be
      excluded for purposes of determining whether or not the 2007 Guaranteed
      ATNI or the 2008 Guaranteed ATNI has been achieved by
      the Company.

     

    
      
        
        

      

      
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      c.
        The
        Make Good Pledgor’s obligation to transfer shares of Common Stock to Investors
        pursuant to Section 4.11 of the SPA shall not continue to run to the benefit
        of
        an Investor who shall have transferred or sold all or any portion of its
        shares
        of Series B Voting Convertible Preferred Stock or resulting Underlying Shares
        (the Underlying Shares and Series B Voting Convertible Preferred Stock are
        sometimes referred to collectively herein as the “Securities”), and that
        Investors shall not have the right to assign its rights to receive all or
        any
        such shares of Common Stock to other persons in conjunction with negotiated
        sales or transfers of any of its Securities. The
        2007
        Make Good Shares or 2008 Make Good Shares, as applicable, corresponding to
        Securities which have been transferred or sold by an Investor, shall, subject
        to
        the timing of the Transfer Agent, be returned to the Make Good Pledgor within
        7
        Business Days after the date which the Company’s 2007 Annual Report or 2008
        Annual Report, as applicable, is filed with the Commission.
        Roth
        shall provide Escrow Agent with specific notice of those Escrow Shares which
        shall be delivered back to the Make Good Pledgor for the above-listed reason.
        Escrow Agent will in turn notify the Transfer Agent of such instructions.
        Escrow
        Agent shall under no circumstances be responsible for instructions it does
        not
        receive or instructions it receives after Escrow Agent has instructed the
        Transfer Agent.

       

    

    
      
        
        

      

      
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    d. The
      Company and Made Good Pledgor covenant and agree, to provide the Escrow Agent
      with certified tax identification numbers by furnishing appropriate forms W-9
      or
      W-8 and such other forms and documents that the Escrow Agent may request,
      including appropriate W-9 or W-8 forms for each Investor. The Company and Make
      Good Pledgor understand that if such tax reporting documentation is not provided
      and certified to the Escrow Agent, the Escrow Agent may be required by the
      Internal Revenue Code of 1986, as amended, and the Regulations promulgated
      thereunder, to withhold a portion of any interest or other income earned on
      the
      investment of the Escrow Property.

     

    5.
      Duration.
      This
      Make Good Agreement shall terminate on the sooner of (i) the distribution of
      all
      the Escrow Shares or (ii) December 31, 2008. The Company agrees to promptly
      provide the Escrow Agent written notice of the filing with the Commission of
      any
      financial statements or reports referenced herein.

     

    6.
      Escrow Shares.
      If any
      Escrow Shares are deliverable to the Investors pursuant to the SPA and in
      accordance with this Make Good Agreement, (i) Make Good Pledgor covenants and
      agrees to execute all such instruments of transfer (including stock powers
      and
      assignment documents) as are customarily executed to evidence and consummate
      the
      transfer of the Escrow Shares from Make Good Pledgor to the Investors, to the
      extent not done so in accordance with Section 2, and (ii) following its receipt
      of the documents referenced in Section 6(i), the Company and Escrow Agent
      covenant and agree to cooperate with the Transfer Agent so that the Transfer
      Agent promptly reissues such Escrow Shares in the applicable Investor’s name and
      delivers the same as directed by such Investor. Until such time as (if at all)
      the Escrow Shares are required to be delivered pursuant to the SPA and in
      accordance with this Make Good Agreement, any dividends payable in respect
      of
      the Escrow Shares and all voting rights applicable to the Escrow Shares shall
      be
      retained by Make Good Pledgor. Should the Escrow Agent receive dividends or
      voting materials, such items shall not be held by the Escrow Agent, but shall
      be
      passed immediately on to the Make Good Pledgor and shall not be invested or
      held
      for any time longer than is needed to effectively re-route such items to the
      Make Good Pledgor. In
      the
      event that the Escrow Agent receives a communication requiring the conversion
      of
      the Escrow Shares to cash or the exchange of the Escrow Shares for that of
      an
      acquiring company, the Escrow Agent shall solicit and follow the written
      instructions of the Make Good Pledgor; provided that the cash or exchanged
      shares are instructed to be redeposited into the Escrow Account. Make Good
      Pledgor shall be responsible for all taxes resulting from any such conversion
      or
      exchange.
       

    

    
      
        
        

      

      
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    7.
      Interpleader. 
      Should
      any controversy arise among the parties hereto with respect to this Make Good
      Agreement or with respect to the right to receive the Escrow Shares, Escrow
      Agent and/or Roth shall have the right to consult and hire counsel and/or to
      institute an appropriate interpleader action to determine the rights of the
      parties. Escrow Agent and/or Roth are also each hereby authorized to institute
      an appropriate interpleader action upon receipt of a written letter of direction
      executed by the parties so directing either Escrow Agent or Roth. If Escrow
      Agent or Roth is directed to institute an appropriate interpleader action,
      it
      shall institute such action not prior to thirty (30) days after receipt of
      such
      letter of direction and not later than sixty (60) days after such date. Any
      interpleader action instituted in accordance with this Section 7 shall be filed
      in any court of competent jurisdiction in the State of New York or the State
      of
      California, and the Escrow Shares in dispute shall be deposited with the court
      and in such event Escrow Agent and Roth shall be relieved of and discharged
      from
      any and all obligations and liabilities under and pursuant to this Make Good
      Agreement with respect to the Escrow Shares and any other obligations hereunder.
      

     

    8. Exculpation
      and Indemnification of Escrow Agent and Roth. 

     

    a. Escrow
      Agent is not a party to, and is not bound by or charged with notice of any
      agreement out of which this escrow may arise. Escrow Agent acts under this
      Make
      Good Agreement as a depositary only and is not responsible or liable in any
      manner whatsoever for the sufficiency, correctness, genuineness or validity
      of
      the subject matter of the escrow, or any part thereof, or for the form or
      execution of any notice given by any other party hereunder, or for the identity
      or authority of any person executing any such notice. Escrow Agent will have
      no
      duties or responsibilities other than those expressly set forth herein. Escrow
      Agent will be under no liability to anyone by reason of any failure on the
      part
      of any party hereto (other than Escrow Agent) or any maker, endorser or other
      signatory of any document to perform such person's or entity's obligations
      hereunder or under any such document. Except for this Make Good Agreement and
      instructions to Escrow Agent pursuant to the terms of this Make Good Agreement,
      Escrow Agent will not be obligated to recognize any agreement between or among
      any or all of the persons or entities referred to herein, notwithstanding its
      knowledge thereof. Roth’s sole obligation under this Make Good Agreement is to
      provide written instruction to Escrow Agent (following such time as the Company
      files certain periodic financial reports as specified in Section 4 hereof)
      directing the distribution of the Escrow Shares. Roth will provide such written
      instructions upon review of the relevant earnings per share and/or After-Tax
      Net
      Income amount reported in such periodic financial reports as specified in
      Section 4 hereof. Roth is not charged with any obligation to conduct any
      investigation into the financial reports or make any other investigation related
      thereto. In the event of any actual or alleged mistake or fraud of the Company,
      its auditors or any other person (other than Roth) in connection with such
      financial reports of the Company, Roth shall have no obligation or liability
      to
      any party hereunder.

     

    b. Escrow
      Agent will not be liable for any action taken or omitted by it, or any action
      suffered by it to be taken or omitted, absent gross negligence or willful
      misconduct. Escrow Agent may rely conclusively on, and will be protected in
      acting upon, any order, notice, demand, certificate, or opinion or advice of
      counsel (including counsel chosen by Escrow Agent), statement, instrument,
      report or other paper or document (not only as to its due execution and the
      validity and effectiveness of its provisions, but also as to the truth and
      acceptability of any information therein contained) which is reasonably believed
      by Escrow Agent to be genuine and to be signed or presented by the proper person
      or persons. The duties and responsibilities of the Escrow Agent hereunder shall
      be determined solely by the express provisions of this Make Good Agreement
      and
      no other or further duties or responsibilities shall be implied, including,
      but
      not limited to, any obligation under or imposed by any laws of the State of
      New
      York upon fiduciaries. THE
      ESCROW AGENT SHALL NOT BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY (I) DAMAGES,
      LOSSES OR EXPENSES ARISING OUT OF THE SERVICES PROVIDED HEREUNDER, OTHER THAN
      DAMAGES, LOSSES OR EXPENSES WHICH HAVE BEEN FINALLY ADJUDICATED TO HAVE DIRECTLY
      RESULTED FROM THE ESCROW AGENT’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, OR (II)
      SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES OR LOSSES OF ANY KIND WHATSOEVER
      (INCLUDING, WITHOUT LIMITATION, LOST PROFITS), EVEN IF THE ESCROW AGENT HAS
      BEEN
      ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES AND REGARDLESS OF THE
      FORM
      OF ACTION.

     

    
      
        
        

      

      
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    c. The
      Company and Make Good Pledgor each hereby, jointly and severally, indemnify
      and
      hold harmless each of Escrow Agent, Roth and any of their principals, partners,
      agents, employees and affiliates from
      and
      against any expenses, including reasonable attorneys' fees and disbursements,
      damages or losses suffered by Escrow Agent or Roth in connection with any claim
      or demand, which, in any way, directly or indirectly, arises out of or relates
      to this Make Good Agreement or the services of Escrow Agent or Roth hereunder;
      except, that if Escrow Agent or Roth is guilty of willful misconduct or gross
      negligence under this Make Good Agreement, then Escrow Agent or Roth, as the
      case may be, will bear all losses, damages and expenses arising as a result
      of
      its own willful misconduct or gross negligence. Promptly after the receipt
      by
      Escrow Agent or Roth of notice of any such demand or claim or the commencement
      of any action, suit or proceeding relating to such demand or claim, Escrow
      Agent
      or Roth, as the case may be, will notify the other parties hereto in writing.
      For the purposes hereof, the terms "expense" and "loss" will include all amounts
      paid or payable to satisfy any such claim or demand, or in settlement of any
      such claim, demand, action, suit or proceeding settled with the express written
      consent of the parties hereto, and all costs and expenses, including, but not
      limited to, reasonable attorneys' fees and disbursements, paid or incurred
      in
      investigating or defending against any such claim, demand, action, suit or
      proceeding. The provisions of this Section 8 shall survive the termination
      of
      this Make Good Agreement, and the resignation or removal of the Escrow Agent.
      

     

    9.
      Compensation of Escrow Agent.
      Escrow
      Agent shall be entitled to compensation for its services as stated in the fee
      schedule attached hereto as Exhibit
      B,
      which
      compensation shall be paid by the Company. The fee agreed upon for the services
      rendered hereunder is intended as full compensation for Escrow Agent's services
      as contemplated by this Make Good Agreement; provided,
      however,
      that in
      the event that Escrow Agent renders any material service not contemplated in
      this Make Good Agreement, or there is any assignment of interest in the subject
      matter of this Make Good Agreement, or any material modification hereof, or
      if
      any material controversy arises hereunder, or Escrow Agent is made a party
      to
      any litigation pertaining to this Make Good Agreement, or the subject matter
      hereof, then Escrow Agent shall be reasonably compensated by the Company for
      such extraordinary services and reimbursed for all costs and expenses, including
      reasonable attorney's fees, occasioned by any delay, controversy, litigation
      or
      event, and the same shall be recoverable from the Company. Prior
      to
      incurring any costs and/or expenses in connection with the foregoing sentence,
      Escrow Agent shall be required to provide written notice to the Company of
      such
      costs and/or expenses and the relevancy thereof and Escrow Agent shall not
      be
      permitted to incur any such costs and/or expenses which are not related to
      litigation prior to receiving written approval from the Company, which
      approval shall not be unreasonably withheld.

     

    
      
        
        

      

      
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    10.
      Resignation of Escrow Agent.
      At any
      time, upon ten (10) days' written notice to the Company, Escrow Agent may resign
      and be discharged from its duties as Escrow Agent hereunder. As soon as
      practicable after its resignation, Escrow Agent will promptly turn over to
      a
      successor escrow agent appointed by the Company the Escrow Shares held hereunder
      upon presentation of a document appointing the new escrow agent and evidencing
      its acceptance thereof. If, by the end of the 10-day period following the giving
      of notice of resignation by Escrow Agent, the Company shall have failed to
      appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares
      into the registry of any court having jurisdiction. 

     

    11.
      Records.
      Escrow
      Agent shall maintain accurate records of all transactions hereunder. Promptly
      after the termination of this Make Good Agreement or as may reasonably be
      requested by the parties hereto from time to time before such termination,
      Escrow Agent shall provide the parties hereto, as the case may be, with a
      complete copy of such records, certified by Escrow Agent to be a complete and
      accurate account of all such transactions. The authorized representatives of
      each of the parties hereto shall have access to such books and records at all
      reasonable times during normal business hours upon reasonable notice to Escrow
      Agent and at the requesting party’s expense. 

     

    12.
      Notice.
      All
      notices, communications and instructions required or desired to be given under
      this Make Good Agreement must be in writing and shall be deemed to be duly
      given
      if sent by registered or certified mail, return receipt requested, or overnight
      courier, to the addresses listed on the signature pages hereto.

     

    13.
      Execution in Counterparts.
      This
      Make Good Agreement may be executed in counterparts, each of which shall be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument. 

     

    14.
      Assignment and Modification.
      This
      Make Good Agreement and the rights and obligations hereunder of any of the
      parties hereto may not be assigned without the prior written consent of the
      other parties hereto. Subject to the foregoing, this Make Good Agreement will
      be
      binding upon and inure to the benefit of each of the parties hereto and their
      respective successors and permitted assigns. No other person will acquire or
      have any rights under, or by virtue of, this Make Good Agreement. No portion
      of
      the Escrow Shares shall be subject to interference or control by any creditor
      of
      any party hereto, or be subject to being taken or reached by any legal or
      equitable process in satisfaction of any debt or other liability of any such
      party hereto prior to the disbursement thereof to such party hereto in
      accordance with the provisions of this Make Good Agreement. This Make Good
      Agreement may be amended or modified only in writing signed by all of the
      parties hereto. 

     

    
      
        
        

      

      
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    15.
      Applicable Law.
      This
      Make Good Agreement shall be governed by and construed in accordance with the
      laws of the State of New York without giving effect to the principles of
      conflicts of laws thereof. 

     

    16.
      Headings.
      The
      headings contained in this Make Good Agreement are for convenience of reference
      only and shall not affect the construction of this Make Good Agreement.

     

    17.
      Attorneys' Fees.
      If any
      action at law or in equity, including an action for declaratory relief, is
      brought to enforce or interpret the provisions of this Make Good Agreement,
      the
      prevailing party shall be entitled to recover reasonable attorneys' fees from
      the other party (unless such other party is the Escrow Agent), which fees may
      be
      set by the court in the trial of such action or may be enforced in a separate
      action brought for that purpose, and which fees shall be in addition to any
      other relief that may be awarded.

     

    18.
      Authorized Signers.
      The
      Company will execute Exhibit
      C-1
      and
      deliver an executed Exhibit
      C-2
      to this
      Make Good Agreement concurrent with the execution hereof.

     

    19.
      Merger or Consolidation.
      Any
      corporation or association into which the Escrow Agent may be converted or
      merged, or with which it may be consolidated, or to which it may sell or
      transfer all or substantially all of its corporate trust business and assets
      as
      a whole or substantially as a whole, or any corporation or association resulting
      from any such conversion, sale, merger, consolidation or transfer to which
      the
      Escrow Agent is a party, shall be and become the successor escrow agent under
      this Make Good Escrow Agreement and shall have and succeed to the
      rights, powers, duties, immunities and privileges as its predecessor, without
      the execution or filing of any instrument or paper or the performance of any
      further act.

     

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        9

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have duly executed this Make Good Agreement as
      of
      the date set forth opposite their respective names.

     

    
      	 	 	 
	 	COMPANY:
	 	 
	 	BRONZE MARKETING,
              INC.
	 
 	 
 	 
 
	 	By:  	/s/ Timothy
              P. Halter
	 	 	
              
Name:
              Timothy P. Halter
	 	 	Title: President
	 	 	 
	 	 	 
	 	Address:
	 	 
	 	No
              8, Huaye Road, Dongbang Industrial     
              Park,
                Changshu, China, 215534

              Attn:
                Chairman

              Facsimile:
                86-512-52687771

            
	 	 	 
	 	 

    

    
      
        	 	 	 
	 	MS. LIFANG CHEN:
                
	 
 	 
 	 
 
	 	By:  	/s/ Lifang
                Chen
	 	 	
                

              
	 	 	 
	 	Address:
	 	 
	 	
                
                  No
                    8, Huaye Road, Dongbang Industrial     

                  Park,
                    Changshu, China, 215534

                  Facsimile:
                    86-512-52687771

                

              
	 	 	 
	 	 

      

    

     

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      FOLLOWS]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	 	ESCROW
              AGENT:
	 	 
	 	WELLS FARGO BANK, NATIONAL
              ASSOCIATION,
              as
              Escrow Agent
	 
 	 
 	 
 
	 	By:  	/s/
              Kyle Lim
	 	 	
              
Name:
              Kyle Lim 
	 	 	Title: Assistant Vice President 
	 	 	 
	 	 	 
	 	Address:   707 Wilshire Blvd,
              17th
              Floor
              Los
                Angeles, CA 90017

              Facsimile:
                (213) 614-3306

            
	 	 	
               

            
	 	 

    

    
      
        	 	 	 
	 	AGENT:
	 	 
	 	ROTH CAPITAL PARTNERS,
                LLC
	 
 	 
 	 
 
	 	By:  	/s/ Aaron M. Gurewitz
	 	 	
                
Name:
                Aaron M. Gurewitz
	 	 	Title: Managing Director
	 	 	 
	 	
                Address:

                c/o Roth Capital Partners, LLC

                24 Corporate Plaza

                Newport Beach, CA 92660

                949-720-5703EXHIBIT 10.4

                            CLOSING ESCROW AGREEMENT

      THIS  CLOSING   ESCROW   AGREEMENT,   dated   January  25,  2007  ("ESCROW
Agreement"),  is entered into by and between  Bronze  Marketing,  Inc., a Nevada
corporation,  and its subsidiaries (the "COMPANY"),  Roth Capital Partners,  LLC
("ROTH")  and Thelen  Reid Brown  Raysman & Steiner  LLP,  as escrow  agent (the
"ESCROW  AGENT").  The Company and Roth are sometimes  collectively  referred to
herein as the "ESCROW PARTIES".

      WHEREAS,  concurrently  herewith  the Company and certain  investors  (the
"INVESTORS") are entering into a Securities Purchase Agreement,  dated as of the
date hereof (the  "PURCHASE  AGREEMENT"),  pursuant to which each  Investor  (as
defined  therein) has agreed to purchase  from the Company,  and the Company has
agreed  to sell to each  Investor,  the  number  of  Shares  identified  therein
(capitalized terms used and not otherwise defined herein shall have the meanings
given such terms on Annex A to this Escrow Agreement);

      WHEREAS, pursuant to the Purchase Agreement, the Company and the Investors
have agreed to establish an escrow on the terms and conditions set forth in this
Escrow Agreement;

      WHEREAS,  Roth  has  acted  as  placement  agent  in  connection  with the
transactions contemplated by the Purchase Agreement; and

      WHEREAS, the Escrow Agent is willing to accept appointment as Escrow Agent
for only the expressed duties outlined herein.

      NOW, THEREFORE, in consideration of the premises set forth above and other
good and valuable  consideration,  the receipt of which is hereby  acknowledged,
the parties hereto agree as follows:

1.  PROCEEDS TO BE  ESCROWED.  A copy of the  Purchase  Agreement is attached as
Exhibit A. All  amounts  provided  by the  Investors  in  connection  with their
acquisition  of the  Shares  as set  forth in the  Purchase  Agreement  shall be
deposited  directly  with the Escrow  Agent in  immediately  available  funds by
federal  wire  transfer,  such funds  being  referred  to herein as the  "ESCROW
FUNDS." The Escrow  Funds  shall be retained in escrow by the Escrow  Agent in a
separate account and invested as stated below.

2. IDENTITY OF INVESTORS. Concurrent with the execution of the Escrow Agreement,
the Company shall  furnish to the Escrow Agent the  information  comprising  the
identity  of the  Investors  in the format set forth in the "LIST OF  INVESTORS"
attached  as Exhibit B, or in an  electronic  spreadsheet  format  with the same
information.  All Escrow Funds shall remain the  property of the  Investors  and
shall not be subject to any liens or charges by the Company or the Escrow  Agent
or judgments or creditors'  claims  against the Company,  until  released to the
Company as  hereinafter  provided.  Escrow  Agent  will not use the  information
provided  to it by the  Company  for  any  purpose  other  than to  fulfill  its
obligations  as Escrow  Agent.  The Company and the Escrow  Agent will treat all
Investor information as confidential.

<PAGE>

3. DISBURSEMENT OF FUNDS.

      (a) The Escrow Agent shall continue to hold the Escrow Funds delivered for
deposit  hereunder  by an Investor  until the earlier of: (1) receipt of a joint
written notice from the Company and the Investors  evidencing  termination under
Section 6.5(a) of the Purchase  Agreement,  (2) receipt of a written notice from
the Company or such Investor evidencing  termination under Section 6.5(b) of the
Purchase  Agreement  (each of (1) and (2),  a  "TERMINATION  ELECTION")  and (3)
receipt of both (x)  written  notice  from the Company  that the  conditions  to
closing under Section 5.1 of the Purchase  Agreement have been satisfied and (y)
joint written notice from the Company and Roth to effect the Closing.

      (b) If the Escrow  Agent  receives  a  Termination  Election  prior to its
receipt of the notices contemplated under Section 3(a)(3), then the Escrow Agent
shall  return the Escrow Funds  delivered  by such  Investor as directed by such
Investor.  If the Escrow Agent receives the notices  contemplated  under Section
3(a)(3) prior to a Termination  Election,  then the Escrow Agent shall  disburse
the  portion  of the  Escrow  Funds  for  which  the  foregoing  is the  case in
accordance with Exhibit C to this Escrow Agreement.

4. DUTY AND  LIMITATION ON LIABILITY OF THE ESCROW  AGENT.  The sole duty of the
Escrow  Agent shall be to receive the Escrow  Funds and to hold them  subject to
release, in accordance herewith,  and the Escrow Agent shall be under no duty to
determine  whether  the Company is  complying  with  requirements  of the Escrow
Agreement or the Purchase Agreement. The Escrow Agent may conclusively rely upon
and  shall be  protected  in acting  upon any  statement,  certificate,  notice,
request,  consent,  order or other document  believed by it to be genuine and to
have been signed or presented  by the proper party or parties.  The Escrow Agent
shall  have no duty or  liability  to verify  any such  statement,  certificate,
notice,  request,  consent, order or other document, and its sole responsibility
shall be to act only as expressly set forth in the Escrow Agreement.  The Escrow
Agent shall be under no  obligation  to institute or defend any action,  suit or
proceeding in connection with the Escrow Agreement  unless first  indemnified to
its  satisfaction.  The Escrow Agent may consult  counsel of its own choice with
respect to any question  arising under the Escrow Agreement and the Escrow Agent
shall not be liable for any action taken or omitted in good faith upon advice of
such counsel.

In no event shall the Escrow Agent be liable,  directly or  indirectly,  for any
(a) damages or expenses arising out of the services  provided  hereunder,  other
than damages which result from the Escrow  Agent's  gross  negligence or willful
misconduct or (b) special or consequential damages, even if the Escrow Agent has
been advised of the possibility of such damages.

The Escrow Agent shall be obligated only to perform the duties  specifically set
forth in this Escrow  Agreement,  which shall be deemed  purely  ministerial  in
nature,  and shall under no  circumstances  be deemed to be a  fiduciary  to the
Company,  Roth,  any  Investor or any other  person.  The Escrow Agent shall not
assume any  responsibility  for the failure of the Company or Roth to perform in
accordance  with this Escrow  Agreement.  This Escrow  Agreement  sets forth all
matters  pertinent  to the  escrow  contemplated  hereunder,  and no  additional
obligations  of the Escrow Agent shall be implied by nor inferred from the terms
of any other agreement, including, without limitation, the Purchase Agreement.

                                       2
<PAGE>

Under no  circumstances  shall the Escrow  Agent be expected or required to use,
risk or advance  its own funds in the  performance  of its duties or exercise of
its rights hereunder.

5. ESCROW  AGENT'S FEE.  The Escrow Agent shall not be entitled to  compensation
for its services;  provided,  however, that in the event that the conditions for
the disbursement of funds under the Escrow  Agreement are not fulfilled,  or the
Escrow  Agent  renders  any  material  service  not  contemplated  in the Escrow
Agreement,  or there is any  assignment of interest in the subject matter of the
Escrow  Agreement,  or any  material  modification  hereof,  or if any  material
controversy  arises  hereunder,  or the  Escrow  Agent  is made a  party  to any
litigation  pertaining to the Escrow  Agreement,  or the subject  matter hereof,
then the Escrow Agent shall be  reasonably  compensated  by the Company for such
extraordinary  services and  reimbursed  for all costs and  expenses,  including
reasonable attorney's fees, occasioned by any delay, controversy,  litigation or
event, and the same shall be recoverable from the Company.

6.  INTERPLEADER.  The Escrow  Agent may at any time  commence  an action in the
nature of  interpleader  or other legal  proceedings  and may deposit the Escrow
Funds with the clerk of the court. In the event of any dispute  regarding who is
entitled to the Escrow Funds at any time,  the Escrow Agent may determine not to
release the Escrow  Funds to either any Investor or the Company and may commence
an  interpleader  action  as  aforesaid  or may  cause  the  Escrow  Funds to be
deposited  with a court of  competent  jurisdiction  whereupon it shall cease to
have any  further  obligation  hereunder.  Upon any  delivery  or deposit of the
Escrow  Funds as provided in this  Section 5, the Escrow Agent shall be released
and discharged from any further obligation under this Agreement.

7.  INVESTMENT  OF PROCEEDS.  The Escrow Funds shall be credited by Escrow Agent
and recorded in a  non-interest  bearing escrow  account.  The Company agrees to
indemnify and hold Escrow Agent  harmless from and against any taxes,  additions
for late payment,  interest,  penalties and other  expenses that may be assessed
against Escrow Agent on or with respect to any payment or other activities under
this Escrow Agreement unless any such tax, addition for late payment,  interest,
penalties  and  other  expenses  shall  arise  out of or be  caused by the gross
negligence or willful misconduct of the Escrow Agent.

The  Company   acknowledges  that  Escrow  Agent  is  not  providing  investment
supervision, recommendations or advice.

8. NOTICES.  All notices,  requests,  demands and other communications under the
Escrow Agreement shall be in writing and shall be deemed to have been duly given
(a) on the date of service if served  personally  on the party to whom notice is
to be  given,  (b) on  the  day  of  transmission  if  sent  by  facsimile/email
transmission to the facsimile  number/email  address given below, and telephonic
confirmation of receipt is obtained  promptly after  completion of transmission,
(c) on the day after delivery to Federal Express or similar overnight courier or
the Express Mail service  maintained by the United States Postal  Service or (d)
on the fifth day after  mailing,  if mailed to the party to whom notice is to be
given,  by first class mail,  registered  or  certified,  postage  prepaid,  and
properly addressed, return receipt requested, to the party as follows:

                                       3
<PAGE>

      If to the Company:      Bronze Marketing, Inc.
                              No 8, Huaye Road, Dongbang Industrial Park
                              Changshu, China, 215534
                              Attn: Chairman
                              Facsimile:  86-512-52687771

      If to Escrow Agent:     Thelen Reid Brown Raysman & Steiner LLP
                              701 8th Street NW
                              Washington, D.C. 20001
                              Attn.:  Joseph R. Tiano, Jr., Esq.
                              Facsimile:  (202) 508-4321

Any party may change its address for  purposes of this  paragraph  by giving the
other party written notice of the new address in the manner set forth above.

9. INDEMNIFICATION OF ESCROW AGENT. The Escrow Parties hereby indemnify and hold
harmless  the Escrow Agent from and against any and all loss,  liability,  cost,
damage and expense,  including,  without  limitation,  reasonable  counsel fees,
which the  Escrow  Agent may suffer or incur by reason of any  action,  claim or
proceeding  brought  against the Escrow Agent  arising out of or relating in any
way to the Escrow  Agreement or any  transaction  to which the Escrow  Agreement
relates  unless such action,  claim or  proceeding  is the result of the willful
misconduct or gross negligence of the Escrow Agent.

10.  SUCCESSORS  AND  ASSIGNS.  Except  as  otherwise  provided  in  the  Escrow
Agreement,  no party hereto  shall assign the Escrow  Agreement or any rights or
obligations  hereunder  without the prior  written  consent of the other parties
hereto,  each Investor and Roth and any such attempted  assignment  without such
prior  written  consent  shall be void and of no force and  effect.  The  Escrow
Agreement shall inure to the benefit of and shall be binding upon the successors
and permitted assigns of the parties hereto.

11.  GOVERNING  LAW;  JURISDICTION.  The Escrow  Agreement  shall be  construed,
performed and enforced in accordance  with, and governed by the internal laws of
the State of New York,  without  giving effect to the principles of conflicts of
laws thereof.

12. SEVERABILITY. In the event that any part of the Escrow Agreement is declared
by any court or other  judicial  or  administrative  body to be null,  void,  or
unenforceable, said provision shall survive to the extent it is not so declared,
and all of the other  provisions  of the Escrow  Agreement  shall remain in full
force and effect.

13. AMENDMENTS;  WAIVERS.  The Escrow Agreement may be amended or modified,  and
any of the terms,  covenants,  representations,  warranties or conditions hereof
may be waived, only by a written instrument executed by each of the Company, the
Escrow Agent,  Roth and each Investor.  Any waiver by any party of any condition
or of the breach of any provision,  term,  covenant,  representation or warranty
contained in the Escrow  Agreement,  in any one or more instances,  shall not be
deemed  to be nor  construed  as  further  or  continuing  waiver  of  any  such
condition,   or  of  the  breach  of  any  other  provision,   term,   covenant,
representation or warranty of the Escrow Agreement.

                                       4
<PAGE>

14. ENTIRE  AGREEMENT.  The Escrow Agreement  contains the entire  understanding
among the parties  hereto  with  respect to the escrow  contemplated  hereby and
supersedes   and  replaces  all  prior  and   contemporaneous   agreements   and
understandings, oral or written, with regard to such escrow.

15.  SECTION  HEADINGS.  The section  headings in the Escrow  Agreement  are for
reference  purposes only and shall not affect the meaning or  interpretation  of
the Escrow Agreement.

16. COUNTERPARTS. The Escrow Agreement may be executed in counterparts,  each of
which shall be deemed an original,  but all of which shall  constitute  the same
instrument.

17. RESIGNATION.  Escrow Agent may resign upon 30 days advance written notice to
the  Company.  If a successor  escrow agent is not  appointed  within the 30-day
period  following such notice,  Escrow Agent may petition any court of competent
jurisdiction  to name a successor  escrow agent or  interplead  the Escrow Funds
with such court, whereupon Escrow Agent's duties hereunder shall terminate.

18. THIRD-PARTY BENEFICIARIES. This Agreement is intended for the benefit of the
parties hereto and their respective  successors and permitted assigns and is not
for the  benefit  of, nor may any  provision  hereof be  enforced  by, any other
person or entity, except for the Investors and Roth.

                            [Signature page follows]

                                       5
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused the Escrow Agreement to
be executed the day and year first set forth above.

BRONZE MARKETING, INC.

/s/Timothy P. Halter
--------------------
By: Timothy P. Halter
Its: President

THELEN REID BROWN RAYSMAN & STEINER LLP

By: /s/Joseph R. Tiano
    ---------------------------
Name: Joseph R. Tiano, Esq.
Title: Partner

ROTH CAPITAL PARTNERS, LLC

By: /s/ Aaron M. Gurewitz
    --------------------------------
Name: Aaron M. Gurewitz
Title: Managing Director, Equity Capital Markets

                                       6
<PAGE>

                                     Annex A

                                  DEFINED TERMS

"BUSINESS  DAY"  means any day  except  Saturday,  Sunday and any day which is a
federal legal holiday or a day on which banking institutions in the State of New
York  or the  State  of  Utah  are  authorized  or  required  by  law  or  other
governmental action to close.

"CLOSING"  means the closing of the purchase and sale of the Shares  pursuant to
Article II of the Purchase Agreement.

"CLOSING  DATE" means the Business Day on which all of the  conditions set forth
in Sections 5.1 and 5.2 of the Purchase  Agreement are satisfied,  or such other
date as the parties thereto may agree.

"INVESTMENT AMOUNTS" means, with respect to each Investor, the Investment Amount
indicated on such Investor's signature page to the Purchase Agreement.

"INVESTORS"  means  the  investors  identified  on the  signature  pages  to the
Purchase Agreement.

"SHARES"  means  the  shares  of  Series B Voting  Convertible  Preferred  Stock
issuable  to the  Investors  pursuant  to this  Agreement,  having  the  rights,
preferences and privileges set forth in the Certificate of Designation.

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