Document:

Exhibit
        10.4

    

     

    SECURITIES
      ESCROW AGREEMENT

    

    THIS
      SECURITIES ESCROW AGREEMENT (the
      “Agreement”),
      dated
      February 7, 2007, is entered into by and among United National Film Corporation,
      a Nevada corporation (the “Company”),
      Vision Opportunity Master Fund, Ltd., a Cayman Islands company, as
      representative of the Purchasers (the “Purchaser
      Representative”),
      Fame
      Good International Limited (the “Principal
      Stockholder”),
      and
      Kramer Levin Naftalis & Frankel LLP, with an address at 1177 Avenue of the
      Americas, New York, New York 10036 (the “Escrow
      Agent”).
      Capitalized terms used but not defined herein shall have the meanings set forth
      in the Purchase Agreement (as defined below).

    

    WITNESSETH:

     

    WHEREAS,
      the Purchasers will be purchasing from the Company shares of Series A
      convertible preferred stock (the “Preferred
      Shares”),
      convertible into shares of the Company’s common stock, par value $0.0001 per
      share (the “Common
      Stock”),
      pursuant to a Series A Convertible Preferred Stock Purchase Agreement dated
      as
      of the date hereof by and among the Company and the Purchasers (the
“Purchase
      Agreement”);
      

     

    WHEREAS,
      as an inducement to the Purchasers to enter into the Purchase Agreement, the
      Principal Stockholder has agreed to place the “Escrow
      Shares”
(as
      hereinafter defined) into escrow for the benefit of the Purchasers in the event
      the Company fails to achieve the following financial performance thresholds
      for
      the 12-month period ending December 31, 2007 (“2007”)
      and
      December 31, 2008 (“2008”):
      

    

    (a) In
      2007,
      Earnings Per Share of $0.465 (the “2007
      Performance Threshold”),
      such
“Earnings
      Per Share”
to
      be
      calculated by dividing the Net Income, as defined in accordance with US GAAP
      and
      reported by the Company in its audited financial statements for 2007 (the
“2007
      financial statements”),
      by
      30,000,000 (the “Outstanding
      Shares”)
      which
      equals the aggregate number of shares of Common Stock and preferred stock
      convertible on a one-to-one basis of the Company immediately following the
      closing of the transaction contemplated by the Purchase Agreement;

    

    (b) In
      2008,
      Net Income, as defined in accordance with US GAAP and reported by the Company
      in
      its audited financial statements for 2008 (the “2008
      financial statements”)
      of
      $22,000,000 (the “2008
      Performance Threshold”);
      and

    

    WHEREAS,
      the Company, the Purchaser Representative and the Purchasers have requested
      that
      the Escrow Agent hold the Escrow Shares on the terms and conditions set forth
      in
      this Agreement and the Escrow Agent has agreed to act as escrow agent pursuant
      to the terms and conditions of this Agreement.

    

    NOW,
      THEREFORE, in consideration of the covenants and mutual promises contained
      herein and other good and valuable consideration, the receipt and legal
      sufficiency of which are hereby acknowledged and intending to be legally bound
      hereby, the parties agree as follows:

    
       

      
        
          
          

        

        
          -1-

          
            

          

        

        
          
          

      

    

    ARTICLE
      I

    TERMS
      OF
      THE ESCROW

    

    1.1 The
      parties hereby agree to establish an escrow account with the Escrow Agent
      whereby the Escrow Agent shall hold the Escrow Shares as contemplated by this
      Agreement. 

     

    1.2
       Upon
      the
      execution of this Agreement, the Principal Stockholder shall deliver to the
      Escrow Agent stock certificates evidencing 9,000,000 shares of Common Stock,
      along with updated stock powers executed in blank with signature medallion
      guaranteed (the “Escrow
      Shares”).

     

    

    1.3.
      The
      parties hereby agree that the Escrow Shares shall be delivered as set forth
      below:

     

    (i)  If
      the
      Company’s Earnings Per Share for 2007 is less than 50% of the 2007 Performance
      Threshold, the Escrow Shares shall be distributed on
      a pro
      rata basis to the Purchasers based on the number of Preferred Shares owned
      by
      such Purchasers as of the date thereof.
      Within
      one (1) business day of the Purchaser Representative’s receipt of the 2007
      financial statements, the Company and the Purchaser Representative shall provide
      written instruction to the Escrow Agent instructing the Escrow Agent to issue
      and deliver the Escrow Shares to the Purchasers on a pro rata basis to the
      Purchasers based on the number of Preferred Shares owned by such Purchasers
      as
      of the date thereof.

    

    (ii)  If
      the
      Company’s Earnings Per Share for 2007 is greater than or equal to 50% but less
      than 80% of the 2007 Performance Threshold, (a) the Escrow Agent shall deliver
      to the Purchasers, on a pro rata basis based on the number of Preferred Shares
      owned by such Purchasers as of the date thereof, the number of Escrow Shares
      equal to the total number of Escrow Shares multiplied by 200% of the percentage
      by which the 2007 Performance Threshold was not achieved (i.e., 200% of (x)
      100%
      minus (y) the percentage computed by dividing the Company’s Earnings Per Share
      for 2007 by the 2007 Performance Threshold) and (b) the remaining Escrow Shares
      shall remain in escrow with the Escrow Agent. By way of example, if the
      Company’s Earnings Per Share for 2007 is an amount equal to 60% of the 2007
      Performance Threshold, the Purchasers shall receive 80% of the Escrow Shares
      (200% of (100% - 60%)) and 20% of the
      Escrow
      Shares, in the aggregate, shall remain in escrow with the Escrow
      Agent.
      Within
      one (1) business day of the Purchaser Representative’s receipt of the 2007
      financial statements, the Company and the Purchaser Representative shall provide
      written instructions to the Escrow Agent instructing the Escrow Agent to deliver
      the applicable number of Escrow Shares to the Purchasers and to hold the
      remaining Escrow Shares in escrow.

    

    (iii)  If
      the
      Company’s Earnings Per Share for 2007 is greater than or equal to 80% but less
      than 100% of the 2007 Performance Threshold, (a) the Escrow Agent shall deliver
      to the Purchasers, on a pro rata basis based on the number of Preferred Shares
      owned by such Purchasers as of the date thereof, the number of Escrow Shares
      equal to the product of the number of Escrow Shares multiplied by the 2007
      Adjustment Percentage (as defined herein) and (b) the remaining Escrow Shares
      shall remain in the escrow with the Escrow Agent. For purposes of this Escrow
      Agreement: (a) “2007
      Adjustment Percentage”
means
      the percentage calculated by subtracting (x) 34.2% from (y) the quotient of
      (i)
      the Aggregate Purchase Price divided by (ii) the 2007 Actual Net Income
      multiplied by 5.0, multiplied by 100; (b) the “Aggregate
      Purchase Price”
means
      $23,969,999.36; and (c) the “2007
      Actual Net Income”
means
      the Earnings Per Share for 2007 multiplied by the Outstanding Shares. By way
      of
      example, if the Company’s Earnings Per Share for 2007 is an amount equal to 80%
      of the 2007 Performance Threshold, the Purchasers shall receive 8.8% of the
      Outstanding Shares from the Escrow Shares:

    

    $23,969,999.36
      / (($0.372 x 30,000,000) x 5.0)) x 100 = 43.0%

    

    43.0%
      -
      34.2% = 8.8%

     

    and of
      the remaining Escrow Shares will remain in escrow. Within one (1) business
      day of the Purchaser Representative’s receipt of the 2007 financial statements,
      the Company and the Purchaser Representative shall provide written instructions
      to the Escrow Agent instructing the Escrow Agent to deliver the applicable
      number of Escrow Shares to the Purchasers and to hold the remaining Escrow
      Shares in escrow.

    
       

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

      

    

    (iv)  If
      the
      Company’s Earnings Per Share for 2007 equals or exceeds the 2007 Performance
      Threshold, the 100% of the Escrow Shares shall be remain in escrow with the
      Escrow Agent.

     

    Notwithstanding
      anything to the contrary herein, only those Purchasers who own Preferred Shares
      acquired under the Purchase Agreement and remain shareholders of the Company
      at
      the time that any Escrow Shares become deliverable hereunder shall be entitled
      to their pro rata portion of such Escrow Shares. Any Escrow Shares not delivered
      to Purchasers because the Purchasers no longer hold Preferred Shares acquired
      under the Purchase Agreement shall remain in escrow with the Escrow
      Agent.

    

    1.4 With
      respect to the Escrow Shares remaining in escrow with the Escrow Agent following
      the distribution of Escrow Shares pursuant to Section 1.3 above (the
“Remaining
      Escrow Shares”),
      the
      parties hereby agree that the Remaining Escrow Shares shall be delivered as
      set
      forth below:

    

    (i)  In
      the
      event the Net Income reported by the Company in its 2008 financial statements
      (the “2008
      Actual Net Income”)
      is
      less than 50% of the 2008 Performance Threshold, the Remaining Escrow Shares
      shall be distributed on a pro rata basis to the Purchasers based on the number
      of Preferred Shares owned by such Purchasers as of the date thereof. Within
      one
      (1) business day of the Purchaser Representative’s receipt of the 2008 financial
      statements, the Company and the Purchaser Representative shall provide written
      instruction to the Escrow Agent instructing the Escrow Agent to issue and
      deliver the Remaining Escrow Shares to the Purchasers on a pro rata basis to
      the
      Purchasers based on the number of Preferred Shares owned by such Purchasers
      as
      of the date thereof. 

    

    (ii)  In
      the
      event the 2008 Actual Net Income is greater than or equal to 50% but less than
      80% of the 2008 Performance Threshold, (a) the Escrow Agent shall deliver to
      the
      Purchasers, on a pro rata basis based on the number of Preferred Shares owned
      by
      such Purchasers as of the date thereof, the number of Remaining Escrow Shares
      equal to the total number of Remaining Escrow Shares multiplied by 200% of
      the
      percentage by which the 2008 Performance Threshold was not achieved and (b)
      the
      Escrow Agent shall deliver to the Principal Stockholder the remaining Remaining
      Escrow Shares. By way of example, if the Company’s 2008 Actual Net Income for
      2008 is an amount equal to 60% of the 2008 Performance Threshold, the Purchasers
      shall receive 80% of the Remaining Escrow Shares (200% of (100% - 60%)) and
      the
      Principal Stockholder shall receive, in the aggregate, 20% of the Remaining
      Escrow Shares. Within one (1) business day of the Purchaser Representative’s
      receipt of the 2008 financial statements, the Company and the Purchaser
      Representative shall provide written instructions to the Escrow Agent
      instructing the Escrow Agent to deliver the applicable number of Remaining
      Escrow Shares to the Purchasers and the Principal Stockholder.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    

    (iii)  In
      the
      event the 2008 Actual Net Income is greater than or equal to 80% but less than
      100% of the 2008 Performance Threshold, (a) the Escrow Agent shall deliver
      to
      the Purchasers, on a pro rata basis based on the number of Preferred Shares
      owned by such Purchasers as of the date thereof, the number of Remaining Escrow
      Shares equal to the product of 90,000 multiplied by the product of (i) the
      percentage by which the 2008 Performance Threshold was not achieved and (ii)
      100
      and (b) the Escrow Agent shall deliver to the Principal Stockholder the
      remaining Remaining Escrow Shares; provided,
      however,
      that in
      the event the amount to be released by the Escrow Agent pursuant to this section
      exceeds the number of Remaining Escrow Shares then held by the Escrow Agent,
      the
      Escrow Agent shall deliver to the Purchasers, on a pro rata basis based on
      the
      number of Preferred Shares owned by such Purchasers as of the date thereof,
      all
      of the Remaining Escrow Shares. By way of example, if the Company’s 2008 Actual
      Net Income for 2008 is an amount equal to 90% of the 2008 Performance Threshold,
      the Purchasers shall receive 900,000 shares of Common Stock from the Remaining
      Escrow Shares (90,000 ((100% - 90%) x 100)) and the Principal Stockholder shall
      receive the remaining Remaining Escrow Shares. Within one (1) business day
      of
      the Purchaser Representative’s receipt of the 2008 financial statements, the
      Company and the Purchaser Representative shall provide written instructions
      to
      the Escrow Agent instructing the Escrow Agent to deliver the applicable number
      of Remaining Escrow Shares to the Purchasers and the Principal
      Stockholder.

    

    (iv) In
      the
      event the Company achieves 100% of the 2008 Performance Threshold, the Remaining
      Escrow Shares shall be returned to the Principal Stockholder at the address
      set
      forth in Section 5.3 hereof.

    

    Notwithstanding
      anything to the contrary herein, only those Purchasers who own Preferred Shares
      acquired under the Purchase Agreement and remain shareholders of the Company
      at
      the time that any Remaining Escrow Shares become deliverable hereunder shall
      be
      entitled to their pro rata portion of such Remaining Escrow Shares. Any
      Remaining Escrow Shares not delivered to Purchasers because the Purchasers
      no
      longer hold Preferred Shares acquired under the Purchase Agreement will be
      delivered to the Company.

    

    1.5. If
      the
      Company does not fully achieve the 2007 Performance Threshold for 2007 or the
      2008 Performance Threshold for 2008, the Company shall use best efforts to
      promptly cause the Escrow Shares or the Remaining Escrow Shares, as applicable,
      to be delivered to the Purchasers, including causing its transfer agent promptly
      to issue the certificates in the names of the Purchasers and causing its
      securities counsel to provide any written instruction required by the Escrow
      Agent in a timely manner so that the issuances and delivery contemplated above
      can be achieved within ten business days following delivery of the 2007
      financial statements or 2008 financial statements, as applicable, to the
      Purchaser Representative. 

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    

    1.6 The
      Company will provide the Purchaser Representative with (i) the Company’s audited
      financial statements for 2007, prepared in accordance with US GAAP, on or before
      April 30, 2008 and (ii) the Company’s audited financial statements for 2008,
      prepared in accordance with US GAAP, on or before April 30, 2009, so as to
      allow
      the Purchaser Representative the opportunity to evaluate whether the 2007
      Performance Threshold and/or the 2008 Performance Threshold were
      attained.

    

    1.7
       Upon
      the
      written request of the Company and Purchaser Representative, the Escrow Agent
      shall deliver the Escrow Shares and the Remaining Escrow Shares, as applicable,
      to each Purchaser and/or the Principal Stockholder pursuant to the written
      instructions of the Company and Purchaser Representative. 

    

    ARTICLE
      II

    REPRESENTATIONS
      OF THE PRINCIPAL STOCKHOLDER

    

    2.1 The
      Principal Stockholder hereby represents and warrants to the Purchasers and
      the
      Purchaser Representative as follows: 

    

    (i) The
      Escrow Shares are validly issued, fully paid and nonassessable shares of the
      Company. The Principal Stockholder is the record and beneficial owner of the
      Escrow Shares and has good title to the Escrow Shares, free and clear of all
      pledges, liens, claims and encumbrances, except encumbrances created by this
      Agreement. There are no restrictions on the ability of the Principal Stockholder
      to transfer the Escrow Shares or to enter into this Agreement other than
      transfer restrictions under applicable federal and state securities laws. Upon
      any delivery of Escrow Shares to the Purchasers hereunder, the Purchasers will
      acquire good and valid title to the Escrow Shares, free and clear of any
      pledges, liens, claims and encumbrances.

    

    (ii) The
      performance of this Agreement and compliance with the provisions hereof will
      not
      violate any provision of any law applicable to the Principal Stockholder 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 the Principal Stockholder pursuant to the terms of the certificate
      of
      incorporation or by-laws of the Company or any indenture, mortgage, deed of
      trust or other agreement or instrument binding upon the Principal Stockholder
      or
      affecting the Escrow Shares. No notice to, filing with, or authorization,
      registration, consent or approval of any governmental authority or other person
      is necessary for the execution, delivery or performance of this Agreement or
      the
      consummation of the transactions contemplated hereby by the Principal
      Stockholder.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    

    ARTICLE
      III

    COVENANTS

    

    3.1.
      If
      any Escrow Shares are distributed to the Purchasers hereunder, then the Company
      shall use commercially reasonable efforts to file a registration statement
      relating to the resale by the Purchasers of the Escrow Shares so distributed
      within 30 days following the date that the Company is obligated hereunder to
      deliver any such Escrow Shares to the Purchasers and the Company shall
      thereafter use commercially reasonable efforts to cause such registration
      statement to become effective. The Purchasers shall provide such information
      to
      the Company as the Company may reasonably request in order to prepare such
      registration statement, including, without limitation, delivery to the Company
      of selling stockholder questionnaires. The Company shall cause such registration
      statement to remain effective until each Purchaser has sold any Escrow Shares
      received by it thereunder or until each Purchaser is permitted to resell all
      of
      the Escrow Shares received hereunder at one time pursuant to Rule 144(k) of
      the
      Securities Act of 1933, as amended.

    

    3.2.
      In
      the event a Purchaser elects to receive shares of Common Stock from the Escrow
      Shares pursuant to Section 3.20 of the Purchase Agreement, the Principal
      Stockholder shall deliver to the Escrow Agent additional shares of Common Stock
      owned by it in the amounts released to such Purchaser within thirty (30) days
      of
      the release of such shares from escrow.

    

    ARTICLE
      IV

    MISCELLANEOUS

    

    4.1.
      The
      Company will pay Escrow Agent a total of $1,000.00 for all services rendered
      by
      Escrow Agent hereunder.

    

    4.2 No
      waiver
      or any breach of any covenant or provision herein contained shall be deemed
      a
      waiver of any preceding or succeeding breach thereof, or of any other covenant
      or provision herein contained. No extension of time for performance of any
      obligation or act shall be deemed an extension of the time for performance
      of
      any other obligation or act.

     

    4.3 All
      notices, communications and instructions required or desired to be given under
      this 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 following addresses: 

     

    
      
        	
                If
                  to Escrow Agent:

              	
                Kramer
                  Levin Naftalis & Frankel LLP

              
	 	
                1177
                  Avenue of the Americas

              
	 	
                New
                  York, New York 10036

              
	 	
                Attention:
                  Christopher S. Auguste, Esq.

              
	 	
                Tel
                  No.: (212) 715-9100

              
	 	
                Fax
                  No.: (212) 715-8000

              

      

    

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    If
      to the
      Company or the Principal Stockholder: 

    

      
        	 	
                Wuhan
                  Blower Co.

              
	 	
                Canglongdao
                  Science Park of Wuhan 

              
	 	
                East
                  Lake Hi-Tech Development Zone

              
	 	
                Wuhan,
                  Hubei 430200

              
	 	
                People’s
                  Republic of China

              
	 	
                Attention:
                  Xu Jie

              
	 	
                Tel.
                  No.: (86) 138 7113 6999

              
	 	
                Fax
                  No.: (86) 027 5970 0010

              

      

       

      
        
          	 	
                  With
                    a copy to:

                
	 	 
	
                	
                  Troutman
                    Sanders LLP

                
	 	
                  The
                    Chrysler Building

                
	 	
                  405
                    Lexington Avenue

                
	 	
                  New
                    York, New York 10174

                
	 	
                  Attention:
                    Henry I. Rothman, Esq.

                
	 	
                  Tel.
                    No.: (212) 704-6179 

                
	 	
                  Fax
                    No.: (212) 704-5950

                

        

      

    

    

    
      	
              If to
                the Purchaser

            	
              Vision
                Opportunity Master Fund, Ltd.

            
	
              Representative:

            	
              20
                W. 55th
                Street, 5th
                Floor

            
	 	
              New
                York, New York 10019

            
	 	
              Attention:
                Yiting Liu

            
	 	
              Tel.
                No.: (212) 849-8238

            
	 	
              Fax
                No.: (212) 867-1416

            

    

     

    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. 

    

     4.4 This
      Escrow Agreement shall be binding upon and shall inure to the benefit of the
      permitted successors and permitted assigns of the parties hereto.

    

    4.5 This
      Escrow Agreement is the final expression of, and contains the entire agreement
      between, the parties with respect to the subject matter hereof and supersedes
      all prior understandings with respect thereto. This Escrow Agreement may not
      be
      modified, changed, supplemented or terminated, nor may any obligations hereunder
      be waived, except by written instrument signed by the parties to be charged
      or
      by its agent duly authorized in writing or as otherwise expressly permitted
      herein.

     

    4.6 Whenever
      required by the context of this Escrow Agreement, the singular shall include
      the
      plural and masculine shall include the feminine. This Escrow Agreement shall
      not
      be construed as if it had been prepared by one of the parties, but rather as
      if
      both parties had prepared the same. Unless otherwise indicated, all references
      to Articles are to this Escrow Agreement.

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    4.7 The
      parties hereto expressly agree that this Escrow Agreement shall be governed
      by,
      interpreted under and construed and enforced in accordance with the laws of
      the
      State of New York, without regard to conflicts of law principles that would
      result in the application of the substantive laws of another jurisdiction.
      Any
      action to enforce, arising out of, or relating in any way to, any provisions
      of
      this Escrow Agreement shall only be brought in a state or Federal court sitting
      in New York City, Borough of Manhattan.

     

    4.8 The
      Escrow Agent’s duties hereunder may be altered, amended, modified or revoked
      only by a writing signed by the Company, the Principal Stockholder, the
      Purchaser Representative and the Escrow Agent.

     

    4.9 The
      Escrow Agent shall be obligated only for the performance of such duties as
      are
      specifically set forth herein and may rely and shall be protected in relying
      or
      refraining from acting on any instrument reasonably believed by the Escrow
      Agent
      to be genuine and to have been signed or presented by the proper party or
      parties. The Escrow Agent shall not be personally liable for any act the Escrow
      Agent may do or omit to do hereunder as the Escrow Agent while acting in good
      faith and in the absence of gross negligence, fraud and willful misconduct,
      and
      any act done or omitted by the Escrow Agent pursuant to the advice of the Escrow
      Agent’s attorneys-at-law shall be conclusive evidence of such good faith, in the
      absence of gross negligence, fraud and willful misconduct.

     

    4.10 The
      Escrow Agent is hereby expressly authorized to disregard any and all warnings
      given by any of the parties hereto or by any other person or corporation,
      excepting only orders or process of courts of law and is hereby expressly
      authorized to comply with and obey orders, judgments or decrees of any court.
      In
      case the Escrow Agent obeys or complies with any such order, judgment or decree,
      the Escrow Agent shall not be liable to any of the parties hereto or to any
      other person, firm or corporation by reason of such decree being subsequently
      reversed, modified, annulled, set aside, vacated or found to have been entered
      without jurisdiction.

     

    4.11 The
      Escrow Agent shall not be liable in any respect on account of the identity,
      authorization or rights of the parties executing or delivering or purporting
      to
      execute or deliver any documents or papers deposited or called for thereunder
      in
      the absence of gross negligence, fraud and willful misconduct.

     

    4.12 The
      Escrow Agent shall be entitled to employ such legal counsel and other experts
      as
      the Escrow Agent may deem necessary properly to advise the Escrow Agent in
      connection with the Escrow Agent’s duties hereunder, may rely upon the advice of
      such counsel, and may pay such counsel reasonable compensation therefor which
      shall be paid by the Escrow Agent. The
      Escrow Agent has acted as legal counsel for one of the Purchasers and may
      continue to act as legal counsel for such Purchaser from time to time,
      notwithstanding its duties as the Escrow Agent hereunder. The Company and the
      Purchasers consent to the Escrow Agent in such capacity as legal counsel for
      one
      of the Purchasers and waive any claim that such representation represents a
      conflict of interest on the part of the Escrow Agent. The Company and the
      Purchasers understand that the Escrow Agent is relying explicitly on the
      foregoing provision in entering into this Escrow
      Agreement.

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

    4.13 The
      Escrow Agent’s responsibilities as escrow agent hereunder shall terminate if the
      Escrow Agent shall resign by giving written notice to the Company and the
      Purchasers. In the event of any such resignation, the Purchasers and the Company
      shall appoint a successor Escrow Agent and the Escrow Agent shall deliver to
      such successor Escrow Agent any escrow funds and other documents held by the
      Escrow Agent.

     

    4.14 If
      the
      Escrow Agent reasonably requires other or further instruments in connection
      with
      this Escrow Agreement or obligations in respect hereto, the necessary parties
      hereto shall join in furnishing such instruments.

     

    4.15 It
      is
      understood and agreed that should any dispute arise with respect to the delivery
      and/or ownership or right of possession of the documents or the Escrow Shares
      held by the Escrow Agent hereunder, the Escrow Agent is authorized and directed
      in the Escrow Agent’s sole discretion (1) to retain in the Escrow Agent’s
      possession without liability to anyone all or any part of said documents or
      the
      Escrow Shares until such disputes shall have been settled either by mutual
      written agreement of the parties concerned by a final order, decree or judgment
      or a court of competent jurisdiction after the time for appeal has expired
      and
      no appeal has been perfected, but the Escrow Agent shall be under no duty
      whatsoever to institute or defend any such proceedings or (2) to deliver the
      Escrow Shares and any other property and documents held by the Escrow Agent
      hereunder to a state or Federal court having competent subject matter
      jurisdiction and located in the City of New York, Borough of Manhattan, in
      accordance with the applicable procedure therefor.

     

    4.16 The
      Company and each Purchaser agree jointly and severally to indemnify and hold
      harmless the Escrow Agent and its partners, employees, agents and
      representatives from any and all claims, liabilities, costs or expenses in
      any
      way arising from or relating to the duties or performance of the Escrow Agent
      hereunder or the transactions contemplated hereby or by the Purchase Agreement
      other than any such claim, liability, cost or expense to the extent the same
      shall have been determined by final, unappealable judgment of a court of
      competent jurisdiction to have resulted from the gross negligence, fraud or
      willful misconduct of the Escrow Agent.

     

    [Signature
      Page Follows]

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

     

    [SIGNATURE
      PAGE TO ESCROW AGREEMENT]

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of this
      ___
      day of February, 2007.

     

    
      	
              UNITED
                NATIONAL FILM CORPORATION

            	 	 	 
	
            	 	 	
            
	 	 	 	 
	By:  /s/ Xu Jie	 	 	 
	
              
                

              

              Name:
                Xu Jie

            	 	 	
            
	
              Title:
                President and Chief Executive Officer

            	 	 	
            

    
      	 	 	 	 
	
              PURCHASER
                REPRESENTATIVE:

            	 	 	 
	
            	 	 	 
	
              VISION
                OPPORTUNITY MASTER FUND, LTD.

            	 	 	 
	
            	 	 	
            
	 	 	 	 
	By:  /s/ Adam Benowitz	 	 	 
	
              
                

              

              Name: 
                Adam Benowitz

            	 	 	
            
	
              Title: 
                Portfolio Manager

            

    

     

    
      	 	 	 	 
	
              FAME
                GOOD INTERNATIONAL LIMITED

            	 	 	 
	
            	 	 	
            
	 	 	 	 
	By:  /s/ Xu Jie	 	 	 
	
              
                

              

              
                Name:
                  Xu Jie

              

            	 	 	
            
	
              
                Title:
                  Director

              

            

    

     

    
      	 	 	 	 
	
              ESCROW
                AGENT:

            	 	 	 
	 	 	 	 
	
              KRAMER
                LEVIN NAFTALIS & FRANKEL LLP

            	 	 	 
	
            	 	 	
            
	 	 	 	 
	By:  /s/ Christopher S.
              Augoste	 	 	 
	
              
                

              

              Name: 
                Christopher S. Augoste

            	 	 	
            
	
              Title: 
                Partner

            

    

     

    
      
        
        

      

      
        -10-Exhibit
      10.5

    ESCROW
      DEPOSIT AGREEMENT

     

    THIS
      ESCROW AGREEMENT (this “Agreement”)
      is
      made as of February 7, 2007, by and among United National Film Corporation,
      a
      Nevada corporation (the “Company”),
      Vision Opportunity Master Fund, Ltd. (“Vision”)
      and
      the
      other
      purchasers signatory hereto (collectively with Vision, the “Purchasers”),
      and
      Kramer Levin Naftalis & Frankel LLP, with an address at 1177 Avenue of the
      Americas, New York, New York 10036 (the “Escrow
      Agent”).
      Capitalized terms used but not defined herein shall have the meanings set forth
      in the Purchase Agreement (as defined below).

     

    WITNESSETH:

     

    WHEREAS,
      the Purchasers will be purchasing from the Company shares of Series A
      convertible preferred stock (the “Preferred
      Shares”),
      convertible into shares of the Company’s common stock, par value $0.0001 per
      share, pursuant to a Series A Convertible Preferred Stock Purchase Agreement
      dated as of the date hereof by and among the Company and the Purchasers (the
      “Purchase
      Agreement”);
      

     

    WHEREAS,
      the Company and the Purchasers have requested that the Escrow Agent hold the
      subscription amounts with respect to the purchase of the Preferred Shares in
      escrow until the Escrow Agent has received all closing documents and deliveries
      required under Article IV of the Purchase Agreement with respect to each
      Closing; and

     

    NOW,
      THEREFORE, in consideration of the covenants and mutual promises contained
      herein and other good and valuable consideration, the receipt and legal
      sufficiency of which are hereby acknowledged and intending to be legally bound
      hereby, the parties agree as follows:

     

    ARTICLE
      I

     

    TERMS
      OF
      THE ESCROW

     

    1.1.  
      The
      parties hereby agree to establish an escrow account with the Escrow Agent
      whereby the Escrow Agent shall hold the funds for the purchase of the Preferred
      Shares  as
      contemplated by the Purchase Agreement.

     

    1.2.  Upon
      the
      Escrow Agent’s receipt of the aggregate subscription amounts into its master
      escrow account, together with copies of counterpart signature pages of the
      Transaction Documents from each Purchaser and the Company and all other closing
      documents and deliveries required under Article IV of the Purchase Agreement,
      it
      shall advise the Company and Vision, or their designated attorney or agent,
      of
      the amount of funds it has received into its master escrow account.

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    1.3.  Wire
      transfers to the Escrow Agent shall be made as follows:

     

    
      	 	Bank:	
              Citibank, N.A.

              666 Fifth Avenue

              New York, NY 10103

            
	 	ABA No.: 	021000089
	 	Account Name:	Kramer Levin Naftalis & Frankel LLP IOLA
              Account
	 	Account No.: 	37317968
	 	Reference:	Wuhan Blower /
              Christopher S. Auguste 

    

     

    1.4.  The
      Company and Vision, promptly after being advised by the Escrow Agent that it
      has
      received the subscription amounts for the Closing, copies of counterpart
      signature pages of the Transaction Documents from each Purchaser and the Company
      and all other closing documents and deliveries required under Article IV of
      the
      Purchase Agreement, shall deliver to the Escrow Agent a Release Notice, in
      the
      form attached hereto as Exhibit
      A
      (the
“Release
      Notice”).

     

    1.5.  Once
      the
      Escrow Agent receives the Release Notice executed by the Company and Vision,
      the
      Escrow Agent shall wire the subscription proceeds per the written instructions
      of the Company and Vision, net of fees, expenses and any other disbursements
      as
      set forth in the Release Notice.

     

    1.6.  Wire
      transfers to the Company shall be made pursuant to written instructions from
      the
      Company provided to the Escrow Agent.

     

    1.7.  Upon
      the
      written request from a Purchaser to the Escrow Agent, the Escrow Agent shall
      promptly return the subscription proceeds to each Purchaser pursuant to written
      wire instructions to be delivered by such Purchaser to the Escrow
      Agent.

     

    ARTICLE
      II

     

    MISCELLANEOUS

     

    2.1.  
      No
      waiver or any breach of any covenant or provision herein contained shall be
      deemed a waiver of any preceding or succeeding breach thereof, or of any other
      covenant or provision herein contained. No extension of time for performance
      of
      any obligation or act shall be deemed an extension of the time for performance
      of any other obligation or act.

     

    2.2.  All
      notices or other communications required or permitted hereunder shall be in
      writing, and shall be sent as set forth in the Purchase Agreement.

     

    2.3.  This
      Escrow Agreement shall be binding upon and shall inure to the benefit of the
      permitted successors and permitted assigns of the parties hereto.

     

    2.4.  This
      Escrow Agreement is the final expression of, and contains the entire agreement
      between, the parties with respect to the subject matter hereof and supersedes
      all prior understandings with respect thereto. This Escrow Agreement may not
      be
      modified, changed, supplemented or terminated, nor may any obligations hereunder
      be waived, except by written instrument signed by the parties to be charged
      or
      by its agent duly authorized in writing or as otherwise expressly permitted
      herein.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    2.5.  Whenever
      required by the context of this Escrow Agreement, the singular shall include
      the
      plural and masculine shall include the feminine. This Escrow Agreement shall
      not
      be construed as if it had been prepared by one of the parties, but rather as
      if
      both parties had prepared the same. Unless otherwise indicated, all references
      to Articles are to this Escrow Agreement.

     

    2.6.  The
      parties hereto expressly agree that this Escrow Agreement shall be governed
      by,
      interpreted under and construed and enforced in accordance with the laws of
      the
      State of New York, without regard to conflicts of law principles that would
      result in the application of the substantive laws of another jurisdiction.
      Any
      action to enforce, arising out of, or relating in any way to, any provisions
      of
      this Escrow Agreement shall only be brought in a state or Federal court sitting
      in New York City, Borough of Manhattan.

     

    2.7.  The
      Escrow Agent’s duties hereunder may be altered, amended, modified or revoked
      only by a writing signed by the Company, each Purchaser and the Escrow
      Agent.

     

    2.8.  The
      Escrow Agent shall be obligated only for the performance of such duties as
      are
      specifically set forth herein and may rely and shall be protected in relying
      or
      refraining from acting on any instrument reasonably believed by the Escrow
      Agent
      to be genuine and to have been signed or presented by the proper party or
      parties. The Escrow Agent shall not be personally liable for any act the Escrow
      Agent may do or omit to do hereunder as the Escrow Agent while acting in good
      faith and in the absence of gross negligence, fraud or willful misconduct,
      and
      any act done or omitted by the Escrow Agent pursuant to the advice of the Escrow
      Agent’s attorneys-at-law shall be conclusive evidence of such good faith, in the
      absence of gross negligence, fraud or willful misconduct.

     

    2.9.  The
      Escrow Agent is hereby expressly authorized to disregard any and all warnings
      given by any of the parties hereto or by any other person or corporation,
      excepting only orders or process of courts of law and is hereby expressly
      authorized to comply with and obey orders, judgments or decrees of any court.
      In
      case the Escrow Agent obeys or complies with any such order, judgment or decree,
      the Escrow Agent shall not be liable to any of the parties hereto or to any
      other person, firm or corporation by reason of such decree being subsequently
      reversed, modified, annulled, set aside, vacated or found to have been entered
      without jurisdiction.

     

    2.10.  The
      Escrow Agent shall not be liable in any respect on account of the identity,
      authorization or rights of the parties executing or delivering or purporting
      to
      execute or deliver the Purchase Agreement or any documents or papers deposited
      or called for thereunder in the absence of gross negligence, fraud or willful
      misconduct.

     

    2.11.  The
      Escrow Agent shall be entitled to employ such legal counsel and other experts
      as
      the Escrow Agent may deem necessary properly to advise the Escrow Agent in
      connection with the Escrow Agent’s duties hereunder, may rely upon the advice of
      such counsel, and may pay such counsel reasonable compensation therefor which
      shall be paid by the Escrow. The
      Escrow Agent has acted as legal counsel for one of the Purchasers and may
      continue to act as legal counsel for such Purchaser from time to time,
      notwithstanding its duties as the Escrow Agent hereunder. The Company and the
      Purchasers consent to the Escrow Agent in such capacity as legal counsel for
      one
      of the Purchasers and waives any claim that such representation represents
      a
      conflict of interest on the part of the Escrow Agent. The Company and the
      Purchasers understand that the Escrow Agent is relying explicitly on the
      foregoing provision in entering into this Escrow
      Agreement.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    2.12.  The
      Escrow Agent’s responsibilities as escrow agent hereunder shall terminate if the
      Escrow Agent shall resign by giving written notice to the Company and the
      Purchasers. In the event of any such resignation, the Purchasers and the Company
      shall appoint a successor Escrow Agent and the Escrow Agent shall deliver to
      such successor Escrow Agent any escrow funds and other documents held by the
      Escrow Agent.

     

    2.13.  If
      the
      Escrow Agent reasonably requires other or further instruments in connection
      with
      this Escrow Agreement or obligations in respect hereto, the necessary parties
      hereto shall join in furnishing such instruments.

     

    2.14.  It
      is
      understood and agreed that should any dispute arise with respect to the delivery
      and/or ownership or right of possession of the documents or the escrow funds
      held by the Escrow Agent hereunder, the Escrow Agent is authorized and directed
      in the Escrow Agent’s sole discretion (1) to retain in the Escrow Agent’s
      possession without liability to anyone all or any part of said documents or
      the
      escrow funds until such disputes shall have been settled either by mutual
      written agreement of the parties concerned by a final order, decree or judgment
      or a court of competent jurisdiction after the time for appeal has expired
      and
      no appeal has been perfected, but the Escrow Agent shall be under no duty
      whatsoever to institute or defend any such proceedings or (2) to deliver the
      escrow funds and any other property and documents held by the Escrow Agent
      hereunder to a state or Federal court having competent subject matter
      jurisdiction and located in the City of New York, Borough of Manhattan, in
      accordance with the applicable procedure therefor.

     

    2.15.  The
      Company and each Purchaser agree jointly and severally to indemnify and hold
      harmless the Escrow Agent and its partners, employees, agents and
      representatives from any and all claims, liabilities, costs or expenses in
      any
      way arising from or relating to the duties or performance of the Escrow Agent
      hereunder or the transactions contemplated hereby or by the Purchase Agreement
      other than any such claim, liability, cost or expense to the extent the same
      shall have been determined by final, unappealable judgment of a court of
      competent jurisdiction to have resulted from the gross negligence, fraud or
      willful misconduct of the Escrow Agent.

     

    [SIGNATURE
      PAGES FOLLOW]

    
      
        
        

      

      
        -4-

        
          

        

      

       

    

     

    [SIGNATURE
      PAGE TO ESCROW AGREEMENT]

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of this
      ___
      day of February, 2007.

     

    
      	UNITED
              NATIONAL FILM CORPORATION	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/ Xu Jie	 	 	 
	 	
              

              Name: 
                Xu Jie

              Title:
                President and Chief Executive Officer

            	 	 	
            

    

     

    
      
        	
                ESCROW
                  AGENT:

                 

                
                  KRAMER
                    LEVIN NAFTALIS & FRANKEL LLP

                

              	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/ Christopher S. Auguste	 	 	 
	 	
                

                Name:
                  Christopher S. Auguste

                Title:
                  Partner

              	 	 	
              

      

       

    

    [PURCHASERS’
      SIGNATURE PAGES FOLLOW]

    
      
        
        

      

      
        -5-

        
          

        

      

       

    

     

     

    
      
        
        

      

      
        -6-

        
          

        

      

       

    

     

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    
      Exhibit
        A to

    

    Escrow
      Agreement

     

    RELEASE
      NOTICE

     

    The
      UNDERSIGNED, pursuant to the Escrow Agreement dated as of February ___, 2007
      among the Company, the Purchasers signatory thereto and Kramer Levin Naftalis
      & Frankel LLP, as Escrow Agent (the “Escrow
      Agreement”),
      hereby notify the Escrow Agent that each of the conditions precedent to the
      purchase and sale of the Preferred Shares has
      been
      satisfied or waived in accordance with Article IV of the Purchase Agreement.
      The
      Company hereby confirms that all of its respective representations and
      warranties contained in the Purchase Agreement remain true and correct and
      authorize the release by the Escrow Agent of the funds to be released as
      described in the Escrow Agreement and as set forth below. This Release Notice
      shall not be effective until executed by the Company and Vision. 

     

    Capitalized
      terms used herein and not defined shall have the meanings ascribed to such
      terms
      in the Escrow Agreement.

     

    This
      Release Notice may be signed in one or more counterparts, each of which shall
      be
      deemed an original.

     

    Please
      release the $____________
      that
      has
      been deposited in the escrow account pursuant to the Escrow Agreement according
      to the following instructions:

     

    [to
      be completed]

    
      
        
        

      

      
        -8-

        
          

        

      

       

    

     

    IN
      WITNESS WHEREOF, the undersigned have caused this Release Notice to be duly
      executed and delivered as of this ___ day of February, 2007.

    
       

      
        	UNITED
                NATIONAL FILM CORPORATION	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	
                

                Name:
                  

                Title:
                  

              	 	 	
              

      

       

      
        
          	
                  VISION
                    OPPORTUNITY MASTER FUND, LTD. 

                	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	
                  

                  Name:
                    

                  Title:
                    

                	 	 	
                

        

         

        
          
            
            

          

          
            -9-

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