Document:

Exhibit
      10.2

     

    MAKE
      GOOD ESCROW AGREEMENT 

     

    This
      Make
      Good Escrow Agreement (the "Make Good Agreement"), dated effective as of
      February 16, 2007, is entered into by and among Concept Ventures Corporation,
      a
      Nevada corporation (the "Company"), Roth Capital Partners, LLC, as agent
      (“Roth”), Mr. Jiada Hu, in his individual capacity ("Make Good Pledgor"), and
      Securities Transfer Corporation, 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
      16, 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 certain shares of
      the
      Company’s common stock, par value $0.001 per share (the “Common Stock”) 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
      three Business Days following the closing of the Offering, Make Good Pledgor
      shall deliver, or cause to be delivered, to the Escrow Agent certificates
      evidencing an aggregate of 3,601,309 shares
      of
      the Company’s Common Stock (the "Escrow Shares"), along with bank signature
      stamped stock powers executed in blank (or such other signed instrument of
      transfer acceptable to the Company’s Transfer Agent). One-half of the Escrow
      Shares (the “2007 Make Good Shares”) shall be pledged to secure the Company’s
      commitment to achieve the 2007 Guaranteed ATNI (as defined below) and one-half
      of the Escrow Shares (the “2008 Make Good Shares”) shall be pledged to secure
      the Company’s commitment to achieve the 2008 Guaranteed ATNI (as defined below).
      As used in this Make Good Agreement, “Transfer Agent” means Securities Transfer
      Corporation, 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. 

     

    
      
         

      

      
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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 December 31, 2007.
      Make
      Good
      Pledgor agrees that if the After-Tax Net Income for the fiscal year ended
      December 31, 2007 reported in the Company’s Annual Report on Form 10-K for the
      fiscal year ending December 31, 2007, as filed with the Commission (the “2007
      Annual Report”) is less than $5,678,000 (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 2007
      Make Good Shares that is equal to:
      

     

    (such
      Investor’s Investment Amount / (7.144 x (2.14 / ($40,562,110 / actual After-Tax
      Net Income reported in the 2007 Annual Report)))) - the number of Shares issued
      in the transaction to such Investor

     

    (the
      “2007
      Investor Shares”). Should the preceding formula yield a number equal to or less
      than zero, no transfer of 2007 Make Good Shares shall be made to Investors.
      In
      no event shall the failure by the Company to achieve the 2007 Guaranteed ATNI
      result in the delivery by the Make Good Pledgor to the Investors of a number
      of
      shares that is in excess of the number of 2007 Make Good Shares pledged
      hereunder. Subject to the timing of the Transfer Agent, transfers of 2007
      Investor Shares to the Investors as required under this Section shall be made
      to
      the 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. If the Company’s audited consolidated
      financial statements for the fiscal year ended December 31, 2007 specify that
      the 2007 Guaranteed ATNI shall have been achieved, no transfer of the 2007
      Investor Shares to the Investors 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. 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 December 31, 2008.
      The
      Make Good Pledgor agrees that if the Company’s After-Tax Net Income for the
      fiscal year ended December
      31,
      2008
      reported in the Company’s Annual Report on Form 10-K for the fiscal year ending
      December 31, 2008, as filed with the Commission (the “2008 Annual Report”) is
      less than $8,200,000 (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 specified on
Exhibit
      A
      attached
      hereto relative to the aggregate Investment Amount of all Investors hereunder)
      for no additional consideration a number of 2008 Make Good Shares that is equal
      to: 

     

    (such
      Investor’s Investment Amount / (4.986 x (2.14 / ($40,562,110 / actual After-Tax
      Net Income reported in the 2008 Annual Report)))) - the number of Shares issued
      in the transaction to such Investor

     

    (the
      “2008 Investor Shares”). Should the preceding formula yield a number equal to or
      less than zero, no transfer of 2008 Make Good Shares shall be made to Investors.
      In no event shall the failure by the Company to achieve the 2008 Guaranteed
      ATNI
      result in the delivery by the Make Good Pledgor to the Investors of a number
      of
      shares that is in excess of the number of 2008 Make Good Shares pledged
      hereunder. Subject to the timing of the Transfer Agent, transfers of 2008
      Investor Shares to the Investors as required under this Section shall be made
      to
      the Investors within 7 Business Days after the date which the 2008 Annual Report
      is filed with the Commission, provided that Escrow Agent is given notice of
      the
      2008 Annual Report’s filing and results. If the Company’s audited consolidated
      financial statements for the fiscal year ended December 31, 2008 specify that
      the 2008 Guaranteed ATNI shall have been achieved, no transfer of the 2008
      Investor Shares to the Investors 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 the Escrow Agent to the Make Good
      Pledgor within 7 Business Days after the date which the 2008 Annual Report
      is
      filed with the Commission, provided that Escrow Agent is given notice of the
      2008 Annual Report’s filing and results. 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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    c. Notwithstanding anything
      to the contrary contained herein, in the event that the release of any
      of the 2007 Make Good Shares or the 2008 Make Good Shares to the Investors
      or
      the Make Good Pledgor or any other party 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.

     

    d. The
      Make
      Good Pledgor’s obligation to transfer shares of Common Stock to Investors
      pursuant to Section 4.11 of the SPA shall continue to run to the benefit of
      an
      Investor who shall have transferred or sold all or any portion of its
      Securities, and Investors shall 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. 

     

    e. The
      Company and Make 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 upon the distribution of all the Escrow
      Shares in accordance with the terms of this Make Good Agreement. 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 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.

     

    
      
         

      

      
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    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.

     

    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.
      

     

    
      
         

      

      
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    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.

     

    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. 

     

    
      
         

      

      
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    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. 

     

    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.

     

    
      
         

      

      
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    18.
      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 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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    IN
      WITNESS WHEREOF, the parties have duly executed this Make Good Agreement as
      of
      the date set forth opposite their respective names.

     

    
      	 	 	 
	 	
              COMPANY:

               

              CONCEPT VENTURES  CORPORATION

            
	 
 	 
 	 
 
	
            	By:  	/s/ Jiada
              Hu
	 	
              

              Name:
                Jiada Hu

              Title:
                CEO and President

               

            
	 	
              Address:

               

              
                Room
                  2201 Tower A

                Cyber
                  Times Building

                Tian’an
                  Cyber Park, Futian District

                Shenzhen,
                  China 51804

                Attn:
                  Chairman

                Facsimile:
                  86-755-83475180

              

            

    

     

    
      	 	 	 
	 	MR. JIADA HU:
              
	 
 	 
 	 
 
	 	  	/s/ Jiada
              Hu
	 	
              
                

              

              Address:

               

            
	 	
              Room
                2201 Tower A

              Cyber
                Times Building

              Tian’an
                Cyber Park, Futian District

              Shenzhen,
                China 51804

              Facsimile:
                86-755-83475180

            

    

     

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              ESCROW AGENT:

               

              SECURITIES TRANSFER 

              CORPORATION, as
                Escrow Agent

            
	 
 	 
 	 
 
	 	By:  	/s/ Kevin
              Halter, Jr.
	 	
              

              Name:
                Kevin Halter, Jr. 

              Title:
                President 

               

            
	 	
              Address: 

               

              2591
                Dallas Parkway, Suite 102

              Frisco,
                Texas 75234

              Attn:
                Kevin Halter, Jr.

              Facsimile:
                469-635-0088

            

      	 	 	 
	 	
              AGENT:

               

              ROTH CAPITAL PARTNERS,
                LLC

            
	 
 	 
 	 
 
	 	By:  	/s/ Aaron
              Gurewitz
	 	
              
                

              

              Name:
                Aaron Gurewitz

              Title:
                Managing Director, Equity Markets

               

            
	 	
              Address:

               

              24 Corporate Plaza 

              Newport Beach, CA
                92660

            

     

    
      
         

      

      
        11Exhibit
      10.3

    

    ESCROW
      AGREEMENT

     

    This
      Escrow Agreement (this “Agreement”),
      entered into as of this 16th day of February, 2007, is by and among Concept
      Ventures Corporation, a Nevada corporation (the “Company”),
      Mr.
      Jiada Hu (the “Selling
      Stockholder”),
      Roth
      Capital Partners, LLC ( “Roth”)
      and
      Thelen Reid Brown Raysman & Steiner LLP (hereinafter referred to as the
“Escrow
      Agent”).
      All
      capitalized terms used but not defined herein shall have the meanings assigned
      them in the Securities Purchase Agreement (as hereinafter defined).

     

    BACKGROUND

     

    The
      Company, the Selling Stockholder and the purchasers listed in Exhibit
      A
      (the
“Purchasers”)
      have
      entered into a Securities Purchase Agreement (the “Purchase
      Agreement”)
      pursuant to which each Purchaser has agreed to purchase from the Company and
      the
      Selling Stockholder, and the Company and the Selling Stockholder have agreed
      to
      sell to each Purchaser, the number of shares of the common stock, par value
      $0.001 per share, of the Company identified therein (the “Shares”).
      The
      Company, the Selling Stockholder and the Purchasers have agreed to establish
      an
      escrow on the terms and conditions set forth in this Agreement. Roth has acted
      as placement agent in connection with the transactions contemplated by the
      Purchase Agreement. The Escrow Agent has agreed to act as escrow agent pursuant
      to the terms and conditions of this Agreement. 

     

    AGREEMENT

     

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

     

    1.  Appointment
      of Escrow Agent.
      The
      Company, the Selling Stockholder and Roth hereby appoint the Escrow Agent as
      escrow agent to act in accordance with the Purchase Agreement and the terms
      and
      conditions set forth in this Agreement, and the Escrow Agent hereby accepts
      such
      appointment and agrees to act in accordance with such terms and
      conditions.

     

    2.  Establishment
      of Escrow.
      All
      amounts instructed in the funds flow memorandum attached hereto as Exhibit
      C
      to be
      provided to the Escrow Agent shall be deposited with the Escrow Agent in
      immediately available funds by federal wire transfer or cashiers check to the
      account set forth in Exhibit
      B
      to this
      Agreement, such funds being referred to herein as the “Escrow
      Funds”.
      

     

    3.  Segregation
      of Escrow Funds.
      The
      Escrow Funds shall be segregated from the assets of the Escrow Agent and held
      in
      trust for the benefit of the Company, the Selling Stockholder and the Purchasers
      in accordance herewith.

    
      
         

      

      
         

        
          

        

      

       

    

     

    4.  Receipt
      and Investment of Funds.

     

    (a)  The
      Escrow Agent agrees to place the Escrow Funds in a non-interest bearing and
      federally insured depository account. Subject to Section 7(c) hereof, the Escrow
      Agent shall have no liability for any loss resulting from the deposit of the
      Escrow Funds.

     

    (b)  The
      Escrow Agent shall cause to be prepared all income and other tax returns and
      reports as the Escrow Agent, in its sole discretion, deems necessary or
      advisable in order to comply with all tax and other laws, rules and regulations
      applicable to the Escrow Funds.

     

    5.  Disbursement
      of the Escrow Funds.

     

    (a)  The
      Escrow Agent shall continue to hold the Escrow Funds delivered for deposit
      hereunder by the Purchasers until the earlier of: (1) receipt of a joint written
      notice from the Company and Roth, evidencing termination under Section 6.5(a)
      of
      the Purchase Agreement, (2) receipt of a written notice from the Company, the
      Selling Stockholder or Roth evidencing termination under Section 6.5(b) of
      the
      Purchase Agreement (each of (1) and (2), a “Termination
      Election”)
      or (3)
      receipt of a joint written notice from the Company, the Selling Stockholder
      and
      Roth that the conditions to closing under the Purchase Agreement have been
      satisfied and to disburse the Escrow Funds in accordance with Section 5(b)
      below.

     

    (b)  If
      the
      Escrow Agent receives a Termination Election prior to its receipt of the notice
      contemplated under Section 5(a)(3), then the Escrow Agent shall return the
      Escrow Funds delivered by the Purchasers as directed by the Purchasers. If
      the
      Escrow Agent receives the notice contemplated under Section 5(a)(3) prior to
      a
      Termination Election, then the Escrow Agent shall disburse the Escrow Funds
      in
      accordance with the funds flow memorandum attached hereto as Exhibit
      C.
      

     

    6.  Interpleader.
      Should
      any controversy arise among the parties hereto with respect to this Agreement
      or
      with respect to the right to receive the Escrow Funds, the Escrow Agent shall
      have the right to consult counsel and/or to institute an appropriate
      interpleader action to determine the rights of the parties. The Escrow Agent
      is
      also hereby authorized to institute an appropriate interpleader action upon
      receipt of a written letter of direction executed by the parties so directing
      the Escrow Agent. If the Escrow Agent 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 6 shall be filed in any court of competent jurisdiction in New York,
      New
      York, and the portion of the Escrow Funds in dispute shall be deposited with
      the
      court and in such event the Escrow Agent shall be relieved of and discharged
      from any and all obligations and liabilities under and pursuant to this
      Agreement with respect to that portion of the Escrow Funds.

     

    7.  Exculpation
      and Indemnification of Escrow Agent.

     

    (a)  The
      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. The Escrow Agent acts under
      this 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 or depositing the Escrow
      Funds. The Escrow Agent will have no duties or responsibilities other than
      those
      expressly set forth herein. The Escrow Agent will be under no liability to
      anyone by reason of any failure on the part of any party hereto (other than
      the
      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 Agreement and instructions to the Escrow Agent
      pursuant to the terms of this Agreement, the 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.

     

    
      
         

      

      
        2

        
          

        

      

       

    

     

    (b)  The
      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, in good faith and in the exercise
      of its own best judgment, and 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 the 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 the 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 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.

     

    (c)  The
      Escrow Agent will be indemnified and held harmless by the Company and the
      Selling Stockholder from and against any expenses, including reasonable
      attorneys’ fees and disbursements, damages or losses suffered by the Escrow
      Agent in connection with any claim or demand, which, in any way, directly or
      indirectly, arises out of or relates to this Agreement or the services of the
      Escrow Agent hereunder; except, that if the Escrow Agent is guilty of willful
      misconduct, fraud or gross negligence under this Agreement, then the Escrow
      Agent will bear all losses, damages and expenses arising as a result of such
      willful misconduct, fraud or gross negligence. For this purpose, the term
“attorneys' fees” includes fees payable to any counsel retained by the Escrow
      Agent in connection with its services under this Agreement and, with respect
      to
      any matter arising under this Agreement as to which the Escrow Agent performs
      legal services, its standard hourly rates and charges then in effect. Promptly
      after the receipt by the Escrow Agent of notice of any such demand or claim
      or
      the commencement of any action, suit or proceeding relating to such demand
      or
      claim, the Escrow Agent 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 7 shall survive
      the
      termination of this Agreement.

    
      
         

      

      
        3

        
          

        

      

       

    

     

    (d)  The
      Selling Stockholder and Roth acknowledge that they know that the Escrow Agent
      has represented the Company in connection with this Agreement and that it may
      continue to represent the Company in that connection and in connection with
      the
      transactions contemplated by this Agreement and the Purchase Agreement and
      the
      transactions relating to the Company’s alternative public offering, including,
      but not limited to, in connection with any disputes that may arise under any
      such agreements or transactions. The Escrow Agent shall not be precluded from
      or
      restricted in any way from representing the Company or any of its affiliates
      or
      otherwise acting as attorneys for the Company or any of its affiliates in any
      matter, except for any legal proceeding or other matter related to this
      Agreement. The Escrow Agent shall be permitted to represent the Company in
      any
      and all legal matters pertaining to the Purchase Agreement and the Company’s
      alternative public offering, whether or not there is a dispute between the
      Purchasers and the Company with respect to any such matter. The Selling
      Stockholder and Roth consent to any such representation and waive any conflict
      or appearance of conflict with respect to any such representation.

     

    8.  Resignation
      of Escrow Agent.
      At any
      time, upon ten (10) days’ written notice to the parties hereto, the Escrow Agent
      may resign and be discharged from its duties as Escrow Agent hereunder. As
      soon
      as practicable after its resignation, the Escrow Agent will promptly turn over
      to a successor escrow agent appointed by the parties hereto all monies and
      property 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 the Escrow Agent, the
      parties hereto shall have failed to appoint a successor escrow agent, the Escrow
      Agent may interplead the Escrow Funds into the registry of any court having
      jurisdiction.

     

    9.  Method
      of Distribution by Escrow Agent.
      All
      disbursements by the Escrow Agent pursuant to this Agreement will be made by
      wire transfer of immediately available funds in accordance with the funds flow
      memorandum attached hereto as Exhibit
      C.

     

    10.  Records.
      The
      Escrow Agent shall maintain accurate records of all transactions hereunder.
      Promptly after the termination of this Agreement or as may reasonably be
      requested by the parties hereto from time to time before such termination,
      the
      Escrow Agent shall provide the parties hereto, as the case may be, with a
      complete copy of such records, certified by the 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 the
      Escrow Agent.

     

    11.  Matters
      Relating to Roth.
      The
      Company and the Selling Stockholder agree to indemnify Roth to the same extent
      that they indemnify the Escrow Agent hereunder. Furthermore, Roth shall be
      entitled to the same exculpatory provisions applicable to the Escrow Agent,
      as
      set forth more specifically in Section 7 herein.

     

    12.  Notice.
      All
      notices, requests, demands and other communications under this 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:

    
      
         

      

      
        4

        
          

        

      

       

    

     

    If
      to the
      Escrow
      Agent:                     Thelen
      Reid Brown Raysman & Steiner LLP 

    701
      Eighth Street, N.W.

    Washington,
      DC 20001 

    Attention:
      Louis A. Bevilacqua, Esq.

    Facsimile:
      (202) 654-1804

    E-mail:
      lbevilacqua@thelen.com 

     

    If
      to the
      Company:                             Concept
      Ventures Corporation

    Room
      2201
      Tower A, Cyber Times Building

    Tian’an
      Cyber Park, Futian District

    Shenzhen,
      China 518040

    Attention:
      Mr. Jiada Hu

    Facsimile:
      86-755-8347-5180

    

    If
      to the
      Selling                      To
      the
      address specified in the Purchase Agreement

    Stockholder:
      

    

    If
      to
      Roth:                                            Roth
      Capital Partners, LLC

    24
      Corporate Plaza

    Newport
      Beach, CA 92660

    Attention:
      Gordon Roth    

    Facsimile:
      949-720-7241

    

    or
      to
      such other address and to the attention of such other person as any of the
      above
      may have furnished to the other parties in writing and delivered in accordance
      with the provisions set forth above.

     

    13.  Execution
      in Counterparts; Facsimile Execution.
      This
      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. Facsimile execution and delivery of this Agreement is legal, valid
      and binding for all purposes.

     

    14.  Assignment
      and Modification.
      This
      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 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 Agreement. No portion of the Escrow Funds 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
      Agreement. This Agreement may be changed or modified only in writing signed
      by
      all of the parties hereto.

     

    
      
         

      

      
        5

        
          

        

      

       

    

     

    15.  APPLICABLE
      LAW.
      THIS
      AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
      THE
      STATE OF NEW YORK, USA APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED THEREIN.
      THE PARTIES EXPRESSLY WAIVE SUCH DUTIES AND LIABILITIES, IT BEING THEIR INTENT
      TO CREATE SOLELY AN AGENCY RELATIONSHIP AND HOLD THE ESCROW AGENT LIABLE ONLY
      IN
      THE EVENT OF ITS WILLFUL MISCONDUCT, FRAUD, OR GROSS NEGLIGENCE. ANY LITIGATION
      CONCERNING THE SUBJECT MATTER OF THIS AGREEMENT SHALL BE EXCLUSIVELY PROSECUTED
      IN THE COURTS OF NEW YORK COUNTY, NEW YORK, USA, AND ALL PARTIES CONSENT TO
      THE
      EXCLUSIVE JURISDICTION AND VENUE OF THOSE COURTS.

     

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

     

    [Signature
      Page Follows]

     

    
      
         

      

      
        6

        
          

        

      

       

    

    IN
      WITNESS WHEREOF, the parties have duly executed this Agreement as of the date
      first above written.

    
      	 	 	 
	The
              Company:	
              CONCEPT
                VENTURES CORPORATION

            
	 
 	 
 	 
 
	
            	By:  	/s/
              Jiada Hu
	 	
              
                

              

              Name:
                Jiada Hu

              Title:
                CEO and President

            

    

    

    
      	 	 	 
	Selling
              Stockholder:	
              MR.
                JIADA HU

            
	 
 	 
 	 
 
	
            	
            	/s/
              Jiada Hu
	 	
              
                

              

               

            

    

    
      	 	 	 
	Roth:	
              ROTH
                CAPITAL PARTNERS, LLC

            
	 
 	 
 	 
 
	
            	By:  	/s/
              Aaron Gurewitz
	 	
              
                

              

              Name:
                Aaron Gurewitz

              Title:
                Managing Director, Equity
                Markets

            

    

     

    
      	 	 	 
	Escrow
              Agent:	
              THELEN
                REID BROWN RAYSMAN & STEINER
                LLP

            
	 
 	 
 	 
 
	
            	By:  	/s/
              Louis A. Bevilacqua
	 	
              
                

              

              Name:
                Louis A. Bevilacqua

              Title:
                Partner

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