Document:

Exhibit
      4.1

    

    CERTIFICATE
      OF DESIGNATION OF THE RELATIVE RIGHTS AND PREFERENCES

    OF
      THE

    SERIES
      B CONVERTIBLE PREFERRED STOCK

    OF

    WUHAN
      GENERAL GROUP (CHINA), INC.

    

    The
      undersigned, the Chief Executive Officer of Wuhan General Group (China), Inc.,
      a
      Nevada corporation (the “Company”), in accordance with the provisions of the
      Nevada Revised Statutes, does hereby certify that, pursuant to the authority
      conferred upon the Board of Directors by the Articles of Incorporation of the
      Company, the following resolution creating a series of preferred stock,
      designated as Series B Convertible Preferred Stock, was duly adopted on
      September 4, 2008, as follows:

    

    RESOLVED,
      that pursuant to the authority expressly granted to and vested in the Board
      of
      Directors of the Company by provisions of the Articles of Incorporation of
      the
      Company (the “Articles of Incorporation”), there hereby is created out of the
      shares of the Company’s preferred stock, par value $0.0001 per share, of the
      Company authorized in Article IV of the Articles of Incorporation (the
“Preferred Stock”), a series of Preferred Stock of the Company, to be named
“Series B Convertible Preferred Stock,” consisting of Nine Million Three Hundred
      Fifty-Eight Thousand Three Hundred Seventy (9,358,370) shares, which series
      shall have the following designations, powers, preferences and relative and
      other special rights and the following qualifications, limitations and
      restrictions:

    

    1. Designation
      and Rank.
      The
      designation of such series of the Preferred Stock shall be the Series B
      Convertible Preferred Stock, par value $0.0001 per share (the “Series B
      Preferred Stock”). The maximum number of shares of Series B Preferred Stock
      shall be Nine Million Three Hundred Fifty-Eight Thousand Three Hundred Seventy
      (9,358,370) shares. The Series B Preferred Stock shall rank senior to the
      Company’s common stock, par value $0.0001 per share (the “Common Stock”), and to
      all other classes and series of equity securities of the Company which by their
      terms do not rank senior to the Series B Preferred Stock (“Junior Stock”). The
      Series B Preferred Stock shall be subordinate to and rank junior to (i) the
      Company’s Series A Convertible Preferred Stock, par value $0.0001 per share (the
“Series A Preferred Stock”), and to all other classes and series of equity
      securities of the Company which by their terms rank senior to the Series B
      Preferred Stock (“Senior Stock”) and (ii) all indebtedness of the Company now or
      hereafter outstanding.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    2. Dividends.

    

    (a) Except
      as
      provided in Section 2(b), the holders of Series B Preferred Stock shall not
      be
      entitled to receive any dividends.

    

    (b) If
      the
      Company shall at any time or from time to time after the initial issuance of
      the
      Series B Preferred Stock (the “Issuance Date”) make or issue to holders of
      Common Stock a dividend or other distribution payable in securities of the
      Company (including Common Stock), each outstanding share of Series B Preferred
      Stock will be entitled to receive a dividend equal to the Conversion Rate
      multiplied by the amount paid in respect of one share of Common Stock. Any
      dividend payable on the Series B Preferred Stock will have the same record
      and
      payment dates and terms as the dividend payable on the Common
      Stock.

    

    3. Voting
      Rights.

    

    (a) Class
      Voting Rights.
      The
      Series B Preferred Stock shall have the following class voting rights (in
      addition to the voting rights set forth in Section 3(b) hereof). So long as
      any
      shares of the Series B Preferred Stock remain outstanding, the Company shall
      not, without the affirmative vote or consent of the holders of at least
      seventy-five percent (75%) of the shares of the Series B Preferred Stock
      outstanding at the time, given in person or by proxy, either in writing or
      at a
      meeting, in which the holders of the Series B Preferred Stock vote separately
      as
      a class: (i) amend, alter or repeal the provisions of the Series B Preferred
      Stock, whether by merger, consolidation or otherwise, so as to adversely affect
      any right, preference, privilege or voting power of the Series B Preferred
      Stock; provided,
      however,
      that
      any creation and issuance of another series of Senior Stock or Junior Stock
      shall not be deemed to adversely affect such rights, preferences, privileges
      or
      voting powers; or (ii) amend the Articles of Incorporation or By-Laws of the
      Company so as to affect materially and adversely any right, preference,
      privilege or voting power of the Series B Preferred Stock; provided,
      however,
      that
      any creation and issuance of another series of Senior Stock or Junior Stock
      shall not be deemed to adversely affect such rights, preferences, privileges
      or
      voting powers.

    

    (b) General
      Voting
      Rights.
      Except
      with respect to transactions upon which the Series B Preferred Stock shall
      be
      entitled to vote separately as a class pursuant to Section 3(a) above and except
      as otherwise required by Nevada law, the Series B Preferred Stock shall have
      no
      voting rights. The Common Stock into which the Series B Preferred Stock is
      convertible shall, upon issuance, have all of the same voting rights as other
      issued and outstanding Common Stock of the Company, and none of the rights
      of
      the Preferred Stock.

     

    4. Liquidation
      Preference.

    

    (a) In
      the
      event of the liquidation, dissolution or winding up of the affairs of the
      Company, whether voluntary or involuntary, the holders of shares of Series
      B
      Preferred Stock then outstanding shall be entitled to receive, out of the assets
      of the Company available for distribution to its stockholders, an amount equal
      to $0.0001 per share (the “Liquidation Preference Amount”) of the Series B
      Preferred Stock before any payment shall be made or any assets distributed
      to
      the holders of the Common Stock or any other Junior Stock. If the assets of
      the
      Company are not sufficient to pay in full the Liquidation Preference Amount
      payable to the holders of outstanding shares of the Series B Preferred Stock
      or
      any other class of stock ranking pari passu, as to rights on liquidation,
      dissolution or winding up, with the Series B Preferred Stock, then all of said
      assets will be distributed among the holders of the Series B Preferred Stock
      and
      the other classes of stock ranking pari passu with the Series B Preferred Stock,
      if any, ratably in accordance with the respective amounts that would be payable
      on such shares if all amounts payable thereon were paid in full. The liquidation
      payment with respect to each outstanding fractional share of Series B Preferred
      Stock shall be equal to a ratably proportionate amount of the liquidation
      payment with respect to each outstanding share of Series B Preferred Stock.
      All
      payments for which this Section 4(a) provides shall be in cash, property (valued
      at its fair market value as determined by an independent appraiser reasonably
      acceptable to the holders of a majority of the Series B Preferred Stock) or
      a
      combination thereof; provided,
      however,
      that no
      cash shall be paid to holders of Junior Stock unless each holder of the
      outstanding shares of Series B Preferred Stock has been paid in cash the full
      Liquidation Preference Amount to which such holder is entitled as provided
      herein. After payment of the full Liquidation Preference Amount to which each
      holder is entitled, such holders of shares of Series B Preferred Stock will
      not
      be entitled to any further participation as such in any distribution of the
      assets of the Company.

     

    
      
         

      

      
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    (b) A
      consolidation or merger of the Company with or into any other corporation or
      corporations, or a sale of all or substantially all of the assets of the
      Company, or the effectuation by the Company of a transaction or series of
      related transactions in which more than 50% of the voting shares of the Company
      is disposed of or conveyed, shall not be deemed to be a liquidation,
      dissolution, or winding up within the meaning of this Section 4. In the event
      of
      the merger or consolidation of the Company with or into another corporation,
      the
      Series B Preferred Stock shall maintain its relative powers, designations and
      preferences provided for herein and no merger shall result which is inconsistent
      therewith.

    

    (c) Written
      notice of any voluntary or involuntary liquidation, dissolution or winding
      up of
      the affairs of the Company, stating a payment date and the place where the
      distributable amounts shall be payable, shall be given by mail, postage prepaid,
      no less than forty-five (45) days prior to the payment date stated therein,
      to
      the holders of record of the Series B Preferred Stock at their respective
      addresses as the same shall appear on the books of the Company.

    

    5. Conversion.
      Each
      holder of Series B Preferred Stock shall have the following conversion rights
      (the “Conversion Rights”):

    

    (a) Right
      to Convert.
      At any
      time on or after the Issuance Date, each holder of shares of Series B Preferred
      Stock may, at such holder’s option, subject to the limitations set forth in
      Section 7 herein, elect to convert (a “Conversion”) all or any portion of the
      shares of Series B Preferred Stock held by such person. Upon a Conversion,
      each
      share of Series B Preferred Stock that a holder elects to convert shall be
      converted into a number of fully paid and nonassessable shares of Common Stock
      equal to the quotient of (i) the Liquidation Preference Amount divided by (ii)
      the Conversion Price (as defined in Section 5(c) below) then in effect as of
      the
      date of the delivery by such holder of its notice of election to convert (the
      “Conversion Rate”). In the event of a liquidation, dissolution or winding up of
      the Company, the Conversion Rights shall terminate at the close of business
      on
      the last full day preceding the date fixed for the payment of any such amounts
      distributable on such event to the holders of Series B Preferred
      Stock.

     

    
      
         

      

      
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    (b) Mechanics
      of Conversion.
      The
      Conversion of Series B Preferred Stock shall be conducted in the following
      manner:

    

    (i) Holder’s
      Delivery Requirements.
      To
      convert Series B Preferred Stock into full shares of Common Stock on any date
      (the “Conversion Date”), the holder thereof shall (A) transmit by facsimile (or
      otherwise deliver), for receipt on or prior to 5:00 p.m., New York time on
      such
      date, a copy of a fully executed notice of conversion in the form attached
      hereto as Exhibit
      I
      (the
“Conversion Notice”), to the Company at (86) 027 5970 0010, Attention: Chief
      Executive Officer and to the Company’s legal counsel at (404) 962-6755, and (B)
      surrender to a common carrier for delivery to the Company as soon as practicable
      following such Conversion Date the original certificate(s) representing the
      shares of Series B Preferred Stock being converted (or an indemnification
      undertaking with respect to such shares in the case of their loss, theft or
      destruction) (the “Preferred Stock Certificate(s)”) and the originally executed
      Conversion Notice.

    

    (ii) Company’s
      Response.
      Upon
      receipt by the Company of a facsimile copy of a Conversion Notice, the Company
      shall immediately send, via facsimile or e-mail, a confirmation of receipt
      of
      such Conversion Notice to such holder. Upon receipt by the Company of the
      Preferred Stock Certificate(s) and the fully executed Conversion Notice (the
      “Conversion Documents”), the Company or its designated transfer agent (the
“Transfer Agent”), as applicable, shall, within three (3) trading days following
      the date of receipt by the Company of the fully executed Conversion Documents,
      issue and deliver to the Depository Trust Company (“DTC”) account on the
      Holder’s behalf via the Deposit Withdrawal Agent Commission System (“DWAC”) as
      specified in the Conversion Notice, registered in the name of the holder or
      its
      designee, for the number of shares of Common Stock to which the holder shall
      be
      entitled.
      Notwithstanding the foregoing to the contrary, the Company or its Transfer
      Agent
      shall only be obligated to issue and deliver the shares to the DTC on a holder’s
      behalf via DWAC if a registration statement providing for the resale of the
      shares of Common Stock issuable upon conversion of the Series B Preferred Stock
      is effective. If the number of shares of Preferred Stock represented by the
      Preferred Stock Certificate(s) submitted for conversion is greater than the
      number of shares of Series B Preferred Stock being converted, then the Company
      shall, as soon as practicable and in no event later than three (3) business
      days
      after receipt of the Preferred Stock Certificate(s) and at the Company’s
      expense, issue and deliver to the holder a new Preferred Stock Certificate
      representing the number of shares of Series B Preferred Stock not
      converted.

     

    
      
         

      

      
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    (iii) Dispute
      Resolution.
      In the
      case of a dispute as to the arithmetic calculation of the number of shares
      of
      Common Stock to be issued upon conversion, the Company shall cause its Transfer
      Agent to promptly issue to the holder the number of shares of Common Stock
      that
      is not disputed and shall submit the arithmetic calculations to the holder
      via
      facsimile or e-mail as soon as possible, but in no event later than two (2)
      business days after receipt of such holder’s Conversion Notice. If such holder
      and the Company are unable to agree upon the arithmetic calculation of the
      number of shares of Common Stock to be issued upon such conversion within one
      (1) business day of such disputed arithmetic calculation being submitted to
      the
      holder, then the Company shall within one (1) business day submit via facsimile
      or e-mail the disputed arithmetic calculation of the number of shares of Common
      Stock to be issued upon such conversion to the Company’s independent, outside
      accountant. The Company shall cause the accountant to perform the calculations
      and notify the Company and the holder of the results no later than seventy-two
      (72) hours from the time it receives the disputed calculations. Such
      accountant’s calculation shall be binding upon all parties absent manifest
      error. The reasonable expenses of such accountant in making such determination
      shall be paid by the Company, in the event the holder’s calculation was correct,
      or by the holder, in the event the Company’s calculation was correct, or equally
      by the Company and the holder in the event that neither the Company’s or the
      holder’s calculation was correct. The period of time in which the Company is
      required to effect conversions under this Certificate of Designation shall
      be
      tolled with respect to the subject conversion pending resolution of any dispute
      by the Company made in good faith and in accordance with this Section
      5(b)(iii).

     

    (iv) Record
      Holder.
      The
      person or persons entitled to receive the shares of Common Stock issuable upon
      a
      conversion of the Series B Preferred Stock shall be treated for all purposes
      as
      the record holder or holders of such shares of Common Stock on the Conversion
      Date.

    

    (v) Company’s
      Failure to Timely Convert.
      If
      within three (3) business days of the Company’s receipt of the Conversion
      Documents (the “Delivery Date”) the Transfer Agent shall fail to issue and
      deliver to a holder the number of shares of Common Stock to which such holder
      is
      entitled upon such holder’s conversion of the Series B Preferred Stock (a
“Conversion Failure”), the Company shall pay additional damages to such holder
      on each business day after such third (3rd)
      business day that such conversion is not timely effected in an amount equal
      to
      the lesser of (i) $1,000 per day or (ii) 0.5% of the product of (A) the number
      of shares of Common Stock not issued to the holder on a timely basis pursuant
      to
      Section 5(b)(ii) and to which such holder is entitled and (B) the Closing Price
      of the Common Stock on the last possible date which the Company could have
      issued such Common Stock to such holder without violating Section 5(b)(ii).
      If
      the Company fails to pay the additional damages set forth in this Section
      5(b)(v) within five (5) business days of the date incurred, then such payment
      shall bear interest at the rate of 2.0% per month (pro rated for partial months)
      until such payments are made. The term “Closing Price” shall mean as of any date
      the last closing price of the Common Stock on the NASDAQ Capital Market, other
      principal exchange on which the Common Stock is then traded or, if not traded
      on
      an exchange, the OTC Bulletin Board, as reported by Bloomberg, or, if no closing
      price is reported for the Common Stock by Bloomberg, the last closing trade
      price of the Common Stock as reported by Bloomberg, or, if no last closing
      trade
      price is reported for the Common Stock by Bloomberg, the average of the bid
      prices of any market makers for the Common Stock as reported in the “pink
      sheets” by the National Quotation Bureau, Inc. If the Closing Price cannot be
      calculated for the Common Stock on such date on any of the foregoing bases,
      the
      Closing Price of the Common Stock on such date shall be the fair market value
      as
      mutually determined by the Company and the holders of a majority of the
      outstanding shares of Series B Preferred Stock.

     

    
      
         

      

      
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    (c) Conversion
      Price.
      The
      term “Conversion Price” shall mean $0.0001, subject to adjustment under Section
      5(d) hereof. Notwithstanding any adjustment hereunder, at no time shall the
      Conversion Price be greater than $0.0001 per share except if it is adjusted
      pursuant to Section 5(d)(i).

    

    (d) Adjustments
      of Conversion Price.

    

    (i) Adjustments
      for Stock Splits and Combinations.
      If the
      Company shall at any time or from time to time after the filing of this
      Certificate of Designation, effect a stock split of the outstanding Common
      Stock, the Conversion Price shall be proportionately decreased. If the Company
      shall at any time or from time to time after the filing of this Certificate
      of
      Designation, combine the outstanding shares of Common Stock, the Conversion
      Price shall be proportionately increased. Any adjustments under this Section
      5(d)(i) shall be effective at the close of business on the date the stock split
      or combination becomes effective.

    

    (ii) Adjustments
      for Reclassification, Exchange or Substitution.
      If the
      Common Stock issuable upon conversion of the Series B Preferred Stock at any
      time or from time to time after the filing of this Certificate of Designation
      shall be changed to the same or different number of shares of any class or
      classes of stock, whether by reclassification, exchange, substitution or
      otherwise (other than by way of a stock split or combination of shares provided
      for in Section 5(d)(i), or a reorganization, merger, consolidation, or sale
      of
      assets provided for in Section 5(d)(iii)), then, and in each event, an
      appropriate revision to the Conversion Price shall be made and provisions shall
      be made (by adjustments of the Conversion Price or otherwise) so that the holder
      of each share of Series B Preferred Stock shall have the right thereafter to
      convert such share of Series B Preferred Stock into the kind and amount of
      shares of stock and other securities receivable upon reclassification, exchange,
      substitution or other change, by holders of the number of shares of Common
      Stock
      into which such share of Series B Preferred Stock might have been converted
      immediately prior to such reclassification, exchange, substitution or other
      change, all subject to further adjustment as provided herein.

    

    (iii) Adjustments
      for Reorganization, Merger, Consolidation or Sales of Assets.
      If at
      any time or from time to time after the filing of this Certificate of
      Designation there shall be a capital reorganization of the Company (other than
      by way of a stock split or combination of shares provided for in Section
      5(d)(i), or a reclassification, exchange or substitution of shares provided
      for
      in Section 5(d)(ii)), or a merger or consolidation of the Company with or into
      another corporation where the holders of the Company’s outstanding voting
      securities prior to such merger or consolidation do not own over 50% of the
      outstanding voting securities of the merged or consolidated entity, immediately
      after such merger or consolidation, or the sale of all or substantially all
      of
      the Company’s properties or assets to any other person (an “Organic Change”),
      then as a part of such Organic Change an appropriate revision to the Conversion
      Price shall be made if necessary and provision shall be made if necessary (by
      adjustments of the Conversion Price or otherwise) so that the holder of each
      share of Series B Preferred Stock shall have the right thereafter to convert
      such share of Series B Preferred Stock into the kind and amount of shares of
      stock and other securities or property of the Company or any successor
      corporation resulting from the Organic Change. In any such case, appropriate
      adjustment shall be made in the application of the provisions of this Section
      5(d)(iii) with respect to the rights of the holders of the Series B Preferred
      Stock after the Organic Change to the end that the provisions of this Section
      5(d)(iii) (including any adjustment in the Conversion Price then in effect
      and
      the number of shares of stock or other securities deliverable upon conversion
      of
      the Series B Preferred Stock) shall be applied after that event in as nearly
      an
      equivalent manner as may be practicable.

     

    
      
         

      

      
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    (e) No
      Impairment.
      The
      Company shall not, by amendment of its Articles of Incorporation or through
      any
      reorganization, transfer of assets, consolidation, merger, dissolution, issue
      or
      sale of securities or any other voluntary action, avoid or seek to avoid the
      observance or performance of any of the terms to be observed or performed
      hereunder by the Company, but will at all times in good faith assist in the
      carrying out of all the provisions of this Section 5 and in the taking of all
      such action as may be necessary or appropriate in order to protect the
      Conversion Rights of the holders of the Series B Preferred Stock against
      impairment. In the event a holder shall elect to convert any shares of Series
      B
      Preferred Stock as provided herein, the Company cannot refuse conversion based
      on any claim that such holder or any one associated or affiliated with such
      holder has been engaged in any violation of law, unless (i) an order from the
      Securities and Exchange Commission prohibiting such conversion or (ii) an
      injunction from a court, on notice, restraining and/or adjoining conversion
      of
      all or of said shares of Series B Preferred Stock shall have been
      issued.

    

    (f) Certificates
      as to Adjustments.
      Upon
      occurrence of each adjustment or readjustment of the Conversion Price or number
      of shares of Common Stock issuable upon conversion of the Series B Preferred
      Stock pursuant to this Section 5, the Company at its expense shall promptly
      compute such adjustment or readjustment in accordance with the terms hereof
      and
      furnish to each holder of such Series B Preferred Stock a certificate setting
      forth such adjustment and readjustment, showing in detail the facts upon which
      such adjustment or readjustment is based. The Company shall, upon written
      request of the holder of such affected Series B Preferred Stock, at any time,
      furnish or cause to be furnished to such holder a like certificate setting
      forth
      such adjustments and readjustments, the Conversion Price in effect at the time,
      and the number of shares of Common Stock and the amount, if any, of other
      securities or property which at the time would be received upon the conversion
      of a share of such Series B Preferred Stock. Notwithstanding the foregoing,
      the
      Company shall not be obligated to deliver a certificate unless such certificate
      would reflect an increase or decrease of at least one percent of such adjusted
      amount.

    

    (g) Issue
      Taxes.
      The
      Company shall pay any and all issue and other taxes, excluding federal, state
      or
      local income taxes, that may be payable in respect of any issue or delivery
      of
      shares of Common Stock on conversion of shares of Series B Preferred Stock
      pursuant hereto; provided,
      however,
      that
      the Company shall not be obligated to pay any transfer taxes resulting from
      any
      transfer requested by any holder in connection with any such
      conversion.

     

    
      
         

      

      
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    (h) Notices.
      All
      notices and other communications hereunder shall be in writing and shall be
      deemed given if delivered personally or by facsimile or three (3) business
      days
      following being mailed by certified or registered mail, postage prepaid,
      return-receipt requested, addressed to the holder of record at its address
      appearing on the books of the Company. The Company will give written notice
      to
      each holder of Series B Preferred Stock at least twenty (20) days prior to
      the
      date on which the Company closes its books or takes a record (I) with respect
      to
      any dividend or distribution upon the Common Stock, (II) with respect to any
      pro
      rata subscription offer to holders of Common Stock or (III) for determining
      rights to vote with respect to any Organic Change, dissolution, liquidation
      or
      winding-up and in no event shall such notice be provided to such holder prior
      to
      such information being made known to the public. The Company will also give
      written notice to each holder of Series B Preferred Stock at least twenty (20)
      days prior to the date on which any Organic Change, dissolution, liquidation
      or
      winding-up will take place and in no event shall such notice be provided to
      such
      holder prior to such information being made known to the public.

    

    (i) Fractional
      Shares.
      No
      fractional shares of Common Stock shall be issued upon conversion of the Series
      B Preferred Stock. In lieu of any fractional shares to which the holder would
      otherwise be entitled, the Company shall round the number of shares to be issued
      upon conversion up to the nearest whole number of shares.

    

    (j) Reservation
      of Common Stock.
      The
      Company shall, so long as any shares of Series B Preferred Stock are
      outstanding, reserve and keep available out of its authorized and unissued
      Common Stock, solely for the purpose of effecting the conversion of the Series
      B
      Preferred Stock, such number of shares of Common Stock
      equal to
      at least one hundred fifty
      percent (150%) of the aggregate number of shares of Common Stock as shall from
      time to time be sufficient to effect the conversion of all of the shares of
      Series B Preferred Stock then outstanding. The initial number of shares of
      Common Stock reserved for conversions of the Series B Preferred Stock and any
      increase in the number of shares so reserved shall be allocated pro rata among
      the holders of the Series B Preferred Stock based on the number of shares of
      Series B Preferred Stock held by each holder of record at the time of issuance
      of the Series B Preferred Stock or increase in the number of reserved shares,
      as
      the case may be. In the event a holder shall sell or otherwise transfer any
      of
      such holder’s shares of Series B Preferred Stock, each transferee shall be
      allocated a pro rata portion of the number of reserved shares of Common Stock
      reserved for such transferor. Any shares of Common Stock reserved and which
      remain allocated to any person or entity which does not hold any shares of
      Series B Preferred Stock shall be allocated to the remaining holders of Series
      B
      Preferred Stock, pro rata based on the number of shares of Series B Preferred
      Stock then held by such holder.

    

    (k) Retirement
      of Series B Preferred Stock; Delivery of Remainder Certificate.
      Conversion of Series B Preferred Stock shall be deemed to have been effected
      on
      the Conversion Date. Upon conversion of only a portion of the number of shares
      of Series B Preferred Stock represented by a certificate surrendered for
      conversion, the Company shall issue and deliver to such holder at the expense
      of
      the Company, a new certificate covering the number of shares of Series B
      Preferred Stock representing the unconverted portion of the certificate so
      surrendered as required by Section 5(b)(ii).

     

    
      
         

      

      
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    (l) Regulatory
      Compliance.
      If any
      shares of Common Stock to be reserved for the purpose of conversion of Series
      B
      Preferred Stock require registration or listing with or approval of any
      governmental authority, stock exchange or other regulatory body under any
      federal or state law or regulation or otherwise before such shares may be
      validly issued or delivered upon conversion, the Company shall, at its sole
      cost
      and expense, in good faith and as expeditiously as possible, endeavor to secure
      such registration, listing or approval, as the case may be.

    

    6. No
      Preemptive Rights.
      Except
      as provided in Section 5 hereof, no holder of the Series B Preferred Stock
      shall
      be entitled to rights to subscribe for, purchase or receive any part of any
      new
      or additional shares of any class, whether now or hereinafter authorized, or
      of
      bonds or debentures, or other evidences of indebtedness convertible into or
      exchangeable for shares of any class, but all such new or additional shares
      of
      any class, or any bond, debentures or other evidences of indebtedness
      convertible into or exchangeable for shares, may be issued and disposed of
      by
      the Board of Directors on such terms and for such consideration (to the extent
      permitted by law), and to such person or persons as the Board of Directors
      in
      their absolute discretion may deem advisable.

    

    7. Conversion
      Restriction.
      Notwithstanding anything to the contrary set forth in Section 5 of this
      Certificate of Designation, at no time may a holder of shares of Series B
      Preferred Stock convert shares of the Series B Preferred Stock if the number
      of
      shares of Common Stock to be issued pursuant to such conversion would cause
      the
      number of shares of Common Stock owned by such holder at such time to exceed,
      when aggregated with all other shares of Common Stock owned by such holder
      and
      its affiliates at such time, the number of shares of Common Stock which would
      result in such holder, its affiliates or any other persons whose beneficial
      ownership of Common Stock would be aggregated with or include such holder’s for
      purposes of Section 13(d) and Section 16 of the Exchange Act, beneficially
      owning (as determined in accordance with Section 13(d) of the Exchange Act
      and
      the rules thereunder) in excess of 9.9% of the then issued and outstanding
      shares of Common Stock; provided,
      however,
      that
      upon a holder of Series B Preferred Stock providing the Company with sixty-one
      (61) days notice (pursuant to Section 5(h) hereof) (the “Waiver Notice”) that
      such holder would like to waive Section 7 of this Certificate of Designation
      with regard to any or all shares of Common Stock issuable upon conversion of
      Series B Preferred Stock, this Section 7 shall be of no force or effect with
      regard to those shares of Series B Preferred Stock referenced in the Waiver
      Notice.

    

    8. Vote
      to Change the Terms of Preferred Stock.
      The
      affirmative vote at a meeting duly called for such purpose or the written
      consent without a meeting, of the holders of not less than seventy-five percent
      (75%) of the then outstanding shares of Series B Preferred Stock (in addition
      to
      any other corporate approvals then required to effect such action), shall be
      required for any change to this Certificate of Designation or the Company’s
      Articles of Incorporation which would amend, alter, change or repeal any of
      the
      powers, designations, preferences and rights of the Series B Preferred
      Stock.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    9. Lost
      or Stolen Certificates.
      Upon
      receipt by the Company of evidence satisfactory to the Company of the loss,
      theft, destruction or mutilation of any Preferred Stock Certificates
      representing the shares of Series B Preferred Stock, and, in the case of loss,
      theft or destruction, of any indemnification undertaking by the holder to the
      Company and, in the case of mutilation, upon surrender and cancellation of
      the
      Preferred Stock Certificate(s), the Company shall execute and deliver new
      preferred stock certificate(s) of like tenor and date; provided,
      however,
      that
      the Company shall not be obligated to re-issue Preferred Stock Certificates
      if
      the holder contemporaneously requests the Company to convert such shares of
      Series B Preferred Stock into Common Stock.

    

    10. Remedies,
      Characterizations, Other Obligations, Breaches and Injunctive
      Relief.
      The
      remedies provided in this Certificate of Designation shall be cumulative and
      in
      addition to all other remedies available under this Certificate of Designation,
      at law or in equity (including a decree of specific performance and/or other
      injunctive relief), no remedy contained herein shall be deemed a waiver of
      compliance with the provisions giving rise to such remedy and nothing herein
      shall limit a holder’s right to pursue actual damages for any failure by the
      Company to comply with the terms of this Certificate of Designation. Amounts
      set
      forth or provided for herein with respect to payments, conversion and the like
      (and the computation thereof) shall be the amounts to be received by the holder
      thereof and shall not, except as expressly provided herein, be subject to any
      other obligation of the Company (or the performance thereof). The Company
      acknowledges that a breach by it of its obligations hereunder will cause
      irreparable harm to the holders of the Series B Preferred Stock and that the
      remedy at law for any such breach may be inadequate. The Company therefore
      agrees that, in the event of any such breach or threatened breach, the holders
      of the Series B Preferred Stock shall be entitled, in addition to all other
      available remedies, to an injunction restraining any breach, without the
      necessity of showing economic loss and without any bond or other security being
      required.

    

    11. Specific
      Shall Not Limit General; Construction.
      No
      specific provision contained in this Certificate of Designation shall limit
      or
      modify any more general provision contained herein. This Certificate of
      Designation shall be deemed to be jointly drafted by the Company and all initial
      holders of the Series B Preferred Stock and shall not be construed against
      any
      person as the drafter hereof.

    

    12. Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of a holder of Series B Preferred Stock in the
      exercise of any power, right or privilege hereunder shall operate as a waiver
      thereof, nor shall any single or partial exercise of any such power, right
      or
      privilege preclude other or further exercise thereof or of any other right,
      power or privilege.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the undersigned has executed and subscribed this Certificate
      and does affirm the foregoing as true this 4th day of September,
      2008.

     

    
      	 	 	 
	 	WUHAN
              GENERAL
              GROUP (CHINA), INC.
	 
 	 
 	 
 
	 	By:  	/s/ Xu
              Jie
	 	
              Name:
                Xu Jie

              Title:
                President and Chief Executive
                Officer

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    EXHIBIT
      I

    

    

    WUHAN
      GENERAL GROUP (CHINA), INC.

    CONVERSION
      NOTICE

    

    

    Reference
      is made to the Certificate of Designation of the Relative Rights and Preferences
      of the Series A Preferred Stock of Wuhan General Group (China), Inc. (the
“Certificate of Designation”). In accordance with and pursuant to the
      Certificate of Designation, the undersigned hereby elects to convert the number
      of shares of Series A Preferred Stock, par value $0.0001 per share (the
“Preferred Shares”), of Wuhan General Group (China), Inc., a Nevada corporation
      (the “Company”), indicated below into shares of Common Stock, par value $0.0001
      per share (the “Common Stock”), of the Company, by tendering the stock
      certificate(s) representing the share(s) of Preferred Shares specified below
      as
      of the date specified below.

    

    

    
      	
              Name:

            	 	 
	 	 	 
	
              Date:

            	 	 
	 	 	 
	
              Number
                of Preferred Shares to be converted:

            	 	 
	 	 	 
	
              Stock
                certificate no(s). of Preferred Shares to be converted:

            	 	 
	 	 	 
	
              Number
                of shares of Common Stock

              to
                be issued:

            	 	 
	 	 	 
	
              Tax
                Identification Number:

            	 	 
	 	 	 
	
              If
                requesting electronic delivery of unrestricted Common Stock, DTC
                account
                information:

            	 	 
	 	 	 
	
              If
                certificated shares are be to delivered, address and delivery
                instructions:

            	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    
      	 	 By:
              	
               

            
	 	 	
              Name:
                

              Title:
                

            
	 	 	 
	 	 Date:Exhibit
      4.2

    

    THIS
      WARRANT AND THE SHARES OF SERIES B CONVERTIBLE PREFERRED STOCK ISSUABLE UPON
      EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
      AS
      AMENDED (THE "SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE
      SOLD,
      TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES
      ACT
      AND UNDER APPLICABLE STATE SECURITIES LAWS OR THE ISSUER SHALL HAVE RECEIVED
      AN
      OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT REGISTRATION
      OF
      SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE
      STATE SECURITIES LAWS IS NOT REQUIRED. 

    

    SERIES
      J
      WARRANT TO PURCHASE 

    

    SHARES
      OF
      SERIES B CONVERTIBLE PREFERRED STOCK 

    

    OF
      

    

    WUHAN
      GENERAL GROUP (CHINA), INC.

    

    (formerly
      known as UNITED NATIONAL FILM CORPORATION)

    

    Expires
      November 7, 2008 

     
      

    
      	
              No.:
                W-J-07- __ 

            	
               
                Number
                of Shares: ___________ 

            

    

    Date
      of
      Issuance: February 7, 2007 

    

    FOR
      VALUE
      RECEIVED, the undersigned, Wuhan General Group (China), Inc. (formerly known
      as
      United National Film Corporation), a Nevada corporation (together with its
      successors and assigns, the " Issuer
      "),
      hereby certifies that _______________________________ or its registered assigns
      is entitled to subscribe for and purchase, during the Term (as hereinafter
      defined), up to ____________________________________ (_____________) shares
      (subject to adjustment as hereinafter provided) of the duly authorized, validly
      issued, fully paid and non-assessable Series B Convertible Preferred Stock
      of
      the Issuer, at an exercise price per share equal to the Warrant Price then
      in
      effect, subject, however, to the provisions and upon the terms and conditions
      hereinafter set forth. Capitalized terms used in this Warrant and not otherwise
      defined herein shall have the respective meanings specified in Section 8 hereof.
      

    

    1. Term.
      The
      term of this Warrant shall commence on February 7, 2007 and shall expire at
      6:00
      p.m., Eastern Time, on November 7, 2008 (such period being the " Term
      ").
      

    

    2.  Method
      of Exercise; Payment; Issuance of New Warrant; Transfer and
      Exchange.
      

    

    (a)
       Time
      of Exercise.
      The
      purchase rights represented by this Warrant may be exercised in whole or in
      part
      during the Term. 

    

    (b)
       Method
      of Exercise.
      The
      Holder hereof may exercise this Warrant, in whole or in part, by the surrender
      of this Warrant (with the exercise form attached hereto duly executed) at the
      principal office of the Issuer, and by the payment to the Issuer of an amount
      of
      consideration therefor equal to the Warrant Price in effect on the date of
      such
      exercise multiplied by the number of shares of Warrant Stock with respect to
      which this Warrant is then being exercised, payable at such Holder's election
      by
      certified or official bank check or by wire transfer to an account designated
      by
      the Issuer . 

     
      

    (c)
       Issuance
      of Stock Certificates.
      In the
      event of any exercise of this Warrant in accordance with and subject to the
      terms and conditions hereof, certificates for the shares of Warrant Stock so
      purchased shall be dated the date of such exercise and delivered to the Holder
      hereof within a reasonable time (the “ Delivery
      Date “),
      and
      the Holder hereof shall be deemed for all purposes to be the holder of the
      shares of Warrant Stock so purchased as of the date of such exercise. The Holder
      shall deliver this original Warrant, or an indemnification reasonably acceptable
      to the Issuer undertaking with respect to such Warrant in the case of its loss,
      theft or destruction, at such time that this Warrant is fully exercised. With
      respect to partial exercises of this Warrant, the Issuer shall keep written
      records for the Holder of the number of shares of Warrant Stock exercised as
      of
      each date of exercise. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (d)
       Transferability
      of Warrant.
      Subject
      to Section 2(f) hereof, this Warrant may be transferred by a Holder, in whole
      or
      in part, without the consent of the Issuer. If transferred pursuant to this
      paragraph, this Warrant may be transferred on the books of the Issuer by the
      Holder hereof in person or by duly authorized attorney, upon surrender of this
      Warrant at the principal office of the Issuer, properly endorsed (by the Holder
      executing an assignment in the form attached hereto) and upon payment of any
      necessary transfer tax or other governmental charge imposed upon such transfer.
      This Warrant is exchangeable at the principal office of the Issuer for Warrants
      to purchase the same aggregate number of shares of Warrant Stock, each new
      Warrant to represent the right to purchase such number of shares of Warrant
      Stock as the Holder hereof shall designate at the time of such exchange. All
      Warrants issued on transfers or exchanges shall be dated the Original Issue
      Date
      and shall be identical with this Warrant except as to the number of shares
      of
      Warrant Stock issuable pursuant thereto. 

    

    (e)
       Continuing
      Rights of Holder.
      The
      Issuer will, at the time of or at any time after each exercise of this Warrant,
      upon the request of the Holder hereof, acknowledge in writing the extent, if
      any, of its continuing obligation to afford to such Holder all rights to which
      such Holder shall continue to be entitled after such exercise in accordance
      with
      the terms of this Warrant, provided
      that if
      any such Holder shall fail to make any such request, the failure shall not
      affect the continuing obligation of the Issuer to afford such rights to such
      Holder. 

    

    (f)
       Compliance
      with Securities Laws. 

    

    (i)
       The
      Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant
      and
      the shares of Warrant Stock to be issued upon exercise hereof are being acquired
      solely for the Holder's own account and not as a nominee for any other party,
      and for investment, and that the Holder will not offer, sell or otherwise
      dispose of this Warrant or any shares of Warrant Stock to be issued upon
      exercise hereof except pursuant to an effective registration statement, or
      an
      exemption from registration, under the Securities Act and any applicable state
      securities laws. 

    

    (ii) Except
      as
      provided in paragraph (iii) below, this Warrant and all certificates
      representing shares of Warrant Stock issued upon exercise hereof shall be
      stamped or imprinted with a legend in substantially the following form:

    

    THIS
      WARRANT AND THE SHARES OF SERIES B CONVERTIBLE PREFERRED STOCK ISSUABLE UPON
      EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
      AS
      AMENDED (THE "SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE
      SOLD,
      TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES
      ACT
      AND UNDER APPLICABLE STATE SECURITIES LAWS OR THE ISSUER SHALL HAVE RECEIVED
      AN
      OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT REGISTRATION
      OF
      SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE
      STATE SECURITIES LAWS IS NOT REQUIRED. 

     
      

    (iii)
       The
      Issuer agrees to reissue this Warrant or certificates representing any of the
      Warrant Stock, without the legend set forth above if at such time, prior to
      making any transfer of any such securities, the Holder shall give written notice
      to the Issuer describing the manner and terms of such transfer. Such proposed
      transfer will not be effected until: (a) either (i) the Issuer has received
      an
      opinion of counsel reasonably satisfactory to the Issuer, to the effect that
      the
      registration of such securities under the Securities Act is not required in
      connection with such proposed transfer, (ii) a registration statement under
      the
      Securities Act covering such proposed disposition has been filed by the Issuer
      with the Securities and Exchange Commission and has become effective under
      the
      Securities Act, (iii) the Issuer has received other evidence reasonably
      satisfactory to the Issuer that such registration and qualification under the
      Securities Act and state securities laws are not required, or (iv) the Holder
      provides the Issuer with reasonable assurances that such security can be sold
      pursuant to Rule 144 under the Securities Act; and (b) either (i) the Issuer
      has
      received an opinion of counsel reasonably satisfactory to the Issuer, to the
      effect that registration or qualification under the securities or "blue sky"
      laws of any state is not required in connection with such proposed disposition,
      or (ii) compliance with applicable state securities or "blue sky" laws has
      been
      effected or a valid exemption exists with respect thereto. The Issuer will
      respond to any such notice from a holder within three (3) Trading Days. In
      the
      case of any proposed transfer under this Section 2(f), the Issuer will use
      reasonable efforts to comply with any such applicable state securities or "blue
      sky" laws, but shall in no event be required, (x) to qualify to do business
      in
      any state where it is not then qualified, (y) to take any action that would
      subject it to tax or to the general service of process in any state where it
      is
      not then subject, or (z) to comply with state securities or “blue sky” laws of
      any state for which registration by coordination is unavailable to the Issuer.
      The restrictions on transfer contained in this Section 2(f) shall be in addition
      to, and not by way of limitation of, any other restrictions on transfer
      contained in any other section of this Warrant.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     
      

    (g) Accredited
      Investor Status.
      In no
      event may the Holder exercise this Warrant in whole or in part unless the Holder
      is an “accredited investor” as defined in Regulation D under the Securities Act.

    

    3.
       Stock
      Fully Paid; Reservation and Listing of Shares; Covenants.
      

    

    (a)
       Stock
      Fully Paid.
      The
      Issuer represents, warrants, covenants and agrees that all shares of Warrant
      Stock which may be issued upon the exercise of this Warrant or otherwise
      hereunder will, when issued in accordance with the terms of this Warrant, be
      duly authorized, validly issued, fully paid and non-assessable and free from
      all
      taxes, liens and charges created by or through the Issuer. The Issuer further
      covenants and agrees that during the period within which this Warrant may be
      exercised, the Issuer will at all times have authorized and reserved for the
      purpose of the issuance upon exercise of this Warrant a number of authorized
      but
      unissued shares of Series B Convertible Preferred Stock equal to at least one
      hundred percent (100%) of the number of shares of Series B Convertible Preferred
      Stock issuable upon exercise of this Warrant. 

    

    (b)
       Reservation.
      If any
      shares of Series B Convertible Preferred Stock required to be reserved for
      issuance upon exercise of this Warrant or as otherwise provided hereunder
      require registration or qualification with any Governmental Authority under
      any
      federal or state law before such shares may be so issued, the Issuer will in
      good faith use its best efforts as expeditiously as possible at its expense
      to
      cause such shares to be duly registered or qualified. If the Issuer shall list
      any shares of Series B Convertible Preferred Stock on any securities exchange
      or
      market it will, at its expense, list thereon, and maintain and increase when
      necessary such listing, of, all shares of Warrant Stock from time to time issued
      upon exercise of this Warrant or as otherwise provided hereunder (provided
      that
      such Warrant Stock has been registered pursuant to a registration statement
      under the Securities Act then in effect), and, to the extent permissible under
      the applicable securities exchange rules, all unissued shares of Warrant Stock
      which are at any time issuable hereunder, so long as any shares of Series B
      Convertible Preferred Stock shall be so listed. The Issuer will also so list
      on
      each securities exchange or market, and will maintain such listing of, any
      other
      securities which the Holder of this Warrant shall be entitled to receive upon
      the exercise of this Warrant if at the time any securities of the same class
      shall be listed on such securities exchange or market by the Issuer.

    

    (c)
       Covenants.
      The
      Issuer shall not by any action including, without limitation, amending the
      Articles of Incorporation or the by-laws of the Issuer, or through any
      reorganization, transfer of assets, consolidation, merger, dissolution, issue
      or
      sale of securities or any other action, avoid or seek to avoid the observance
      or
      performance of any of the terms of this Warrant, but will at all times in good
      faith assist in the carrying out of all such terms and in the taking of all
      such
      actions as may be necessary or appropriate to protect the rights of the Holder
      hereof against dilution (to the extent specifically provided herein) or
      impairment. Without limiting the generality of the foregoing, the Issuer will
      (i) not permit the par value, if any, of its Common Stock to exceed the then
      effective Warrant Price, (ii) not amend or modify any provision of the Articles
      of Incorporation or by-laws of the Issuer in any manner that would adversely
      affect the rights of the Holders of the Warrants, (iii) take all such action
      as
      may be reasonably necessary in order that the Issuer may validly and legally
      issue fully paid and nonassessable shares of Series B Convertible Preferred
      Stock, free and clear of any liens, claims, encumbrances and restrictions (other
      than as provided herein) upon the exercise of this Warrant, and (iv) use its
      best efforts to obtain all such authorizations, exemptions or consents from
      any
      public regulatory body having jurisdiction thereof as may be reasonably
      necessary to enable the Issuer to perform its obligations under this Warrant.
      

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     
      

    (d)
       Loss,
      Theft, Destruction of Warrants.
      Upon
      receipt of evidence satisfactory to the Issuer of the ownership of and the
      loss,
      theft, destruction or mutilation of any Warrant and, in the case of any such
      loss, theft or destruction, upon receipt of indemnity or security satisfactory
      to the Issuer or, in the case of any such mutilation, upon surrender and
      cancellation of such Warrant, the Issuer will make and deliver, in lieu of
      such
      lost, stolen, destroyed or mutilated Warrant, a new Warrant of like tenor and
      representing the right to purchase the same number of shares of Common Stock.
      

     
      

    4.
       Adjustment
      of Warrant Price.
      The
      price at which such shares of Warrant Stock may be purchased upon exercise
      of
      this Warrant shall be subject to adjustment from time to time as set forth
      in
      this Section 4. The Issuer shall give the Holder notice of any event described
      below which requires an adjustment pursuant to this Section 4 in accordance
      with
      the notice provisions set forth in Section 5. 

    

    (a)
       Recapitalization,
      Reorganization, Reclassification, Consolidation, Merger or Sale.
      

     
      

    (i)
       In
      case
      the Issuer after the Original Issue Date shall do any of the following (each,
      a
      " Triggering
      Event "):
      (a)
      consolidate or merge with or into any other Person and the Issuer shall not
      be
      the continuing or surviving corporation of such consolidation or merger, or
      (b)
      permit any other Person to consolidate with or merge into the Issuer and the
      Issuer shall be the continuing or surviving Person but, in connection with
      such
      consolidation or merger, any Capital Stock of the Issuer shall be changed into
      or exchanged for Securities of any other Person or cash or any other property,
      or (c) transfer all or substantially all of its properties or assets to any
      other Person, or (d) effect a capital reorganization or reclassification of
      its
      Capital Stock, then, and in the case of each such Triggering Event, proper
      provision shall be made to the Warrant Price and the number of shares of Warrant
      Stock that may be purchased upon exercise of this Warrant so that, upon the
      basis and the terms and in the manner provided in this Warrant, the Holder
      of
      this Warrant shall be entitled upon the exercise hereof at any time after the
      consummation of such Triggering Event, to the extent this Warrant is not
      exercised prior to such Triggering Event, to receive at the Warrant Price in
      effect at the time immediately prior to the consummation of such Triggering
      Event, in lieu of the Series B Convertible Preferred Stock issuable upon such
      exercise of this Warrant prior to such Triggering Event, the Securities, cash
      and property to which such Holder would have been entitled upon the consummation
      of such Triggering Event if such Holder had exercised the rights represented
      by
      this Warrant immediately prior thereto (including the right of a shareholder
      to
      elect the type of consideration it will receive upon a Triggering Event),
      subject to adjustments (subsequent to such corporate action) as nearly
      equivalent as possible to the adjustments provided for elsewhere in this Section
      4. Immediately upon the occurrence of a Triggering Event, the Issuer shall
      notify the Holder in writing of such Triggering Event Upon the Holder’s request,
      the continuing or surviving corporation as a result of such Triggering Event
      shall issue to the Holder a new warrant of like tenor evidencing the Holder’s
      rights hereunder. 

     
      

    (ii)
       In
      the
      event that the Holder has elected not to exercise this Warrant prior to the
      consummation of a Triggering Event, so long as the surviving entity pursuant
      to
      any Triggering Event is a company that has a class of equity securities
      registered pursuant to the Securities Exchange Act of 1934, as amended, and
      its
      common stock is listed or quoted on a national securities exchange, national
      automated quotation system or the OTC Bulletin Board, the surviving entity
      and/or each Person (other than the Issuer) which may be required to deliver
      any
      Securities, cash or property upon the exercise of this Warrant as provided
      herein shall assume, by written instrument delivered to, and reasonably
      satisfactory to, the Holder of this Warrant, (A) the obligations of the Issuer
      under this Warrant (and if the Issuer shall survive the consummation of such
      Triggering Event, such assumption shall be in addition to, and shall not release
      the Issuer from, any continuing obligations of the Issuer under this Warrant)
      and (B) the obligation to deliver to such Holder such Securities, cash or
      property as, in accordance with the foregoing provisions of this subsection
      (a),
      such Holder shall be entitled to receive, and the surviving entity and/or each
      such Person shall have similarly delivered to such Holder an opinion of counsel
      for the surviving entity and/or each such Person, which counsel shall be
      reasonably satisfactory to such Holder, or in the alternative, a written
      acknowledgement executed by the President or Chief Financial Officer of the
      Issuer, stating that this Warrant shall thereafter continue in full force and
      effect and the terms hereof (including, without limitation, all of the
      provisions of this subsection (a)) shall be applicable to the Securities, cash
      or property which the surviving entity and/or each such Person may be required
      to deliver upon any exercise of this Warrant or the exercise of any rights
      pursuant hereto. 

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     
      

     (b)
       Stock
      Dividends and Certain Other Distributions.
      If at
      any time the Issuer shall make or issue or set a record date for the holders
      of
      the Series B Convertible Preferred Stock for the purpose of entitling them
      to
      receive a dividend or other distribution of:

    

    
      
        (i)
          shares
          of
          Common Stock, 

      

    

     

    (ii)
       cash
      (other than a cash dividend payable out of earnings or earned surplus legally
      available for the payment of dividends under the laws of the jurisdiction of
      incorporation of the Issuer), 

    

    (iii)
       any
      evidences of its indebtedness, any shares of stock of any class or any other
      securities or property of any nature whatsoever (other than cash, Common Stock
      Equivalents or Additional Shares of Common Stock), or 

    

    (iv)
       any
      warrants or other rights to subscribe for or purchase any evidences of its
      indebtedness, any shares of stock of any class or any other securities or
      property of any nature whatsoever (other than cash, Common Stock Equivalents
      or
      Additional Shares of Common Stock), 

    

    then
      upon
      exercise of this Warrant, the Holder shall be entitled to receive the same
      dividend or other distribution as if the Holder had been a record holder of
      the
      number of shares of Warrant Stock so exercised on the applicable record
      date.

     
      

    (c)
       Issuance
      of Additional Shares of Common Stock.
      For a
      period of two (2) years following the Original Issue Date, in the event the
      Issuer shall issue any Additional Shares of Common Stock (otherwise than as
      provided in the foregoing subsections (a) through (b) of this Section 4), at
      a
      price per share less than the Warrant Price then in effect or without
      consideration, then the Warrant Price upon each such issuance shall be adjusted
      to the price equal to the consideration per share paid for such Additional
      Shares of Common Stock. 

    

    (d)
       
      Issuance
      of Common Stock Equivalents.
      For a
      period of two (2) years following the Original Issue Date, in the event the
      Issuer shall take a record of the holders of its Common Stock for the purpose
      of
      entitling them to receive a distribution of, or shall in any manner (whether
      directly or by assumption in a merger in which the Issuer is the surviving
      corporation) issue or sell, any Common Stock Equivalents, whether or not the
      rights to exchange or convert thereunder are immediately exercisable, and the
      price per share for which Common Stock is issuable upon such conversion or
      exchange shall be less than the Warrant Price in effect immediately prior to
      the
      time of such issue or sale, or if, after any such issuance of Common Stock
      Equivalents, the price per share for which Additional Shares of Common Stock
      may
      be issuable thereafter is amended or adjusted, and such price as so amended
      shall be less than the Warrant Price in effect at the time of such amendment
      or
      adjustment, then the Warrant Price then in effect shall be adjusted as provided
      in Section 4(c). No further adjustments of the number of shares of Series B
      Convertible Preferred Stock for which this Warrant is exercisable and the
      Warrant Price then in effect shall be made upon the actual issue of such Common
      Stock upon conversion or exchange of such Common Stock Equivalents.

    

    (e) Superseding
      Adjustment.
      If, at
      any time after any adjustment of the Warrant Price then in effect shall have
      been made pursuant to Section 4(d) as the result of any issuance of Common
      Stock
      Equivalents, and such Common Stock Equivalents, or the right of conversion
      or
      exchange in such Common Stock Equivalents, shall expire, and all of such or
      the
      right of conversion or exchange with respect to all of such Common Stock
      Equivalents shall not have been converted or exercised, then such previous
      adjustment shall be rescinded and annulled and the Warrant Price then in effect
      shall be adjusted to the Warrant Price in effect immediately prior to the
      issuance of such Common Stock Equivalents, subject to any further adjustments
      pursuant to this Section 4. 

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    (f) Other
      Provisions applicable to Adjustments under this Section.
      The
      following provisions shall be applicable to the making of adjustments of the
      number of shares of Common Stock for which this Warrant is exercisable and
      the
      Warrant Price then in effect provided for in this Section 4: 

    

    (i)
       Computation
      of Consideration.
      To the
      extent that any Additional Shares of Common Stock or any Common Stock
      Equivalents (or any warrants or other rights therefor) shall be issued for
      cash
      consideration, the consideration received by the Issuer therefor shall be the
      amount of the cash received by the Issuer therefor, or, if such Additional
      Shares of Common Stock or Common Stock Equivalents are offered by the Issuer
      for
      subscription, the subscription price, or, if such Additional Shares of Common
      Stock or Common Stock Equivalents are sold to underwriters or dealers for public
      offering without a subscription offering, the initial public offering price
      (in
      any such case subtracting any amounts paid or receivable for accrued interest
      or
      accrued dividends and without taking into account any compensation, discounts
      or
      expenses paid or incurred by the Issuer for and in the underwriting of, or
      otherwise in connection with, the issuance thereof). In connection with any
      merger or consolidation in which the Issuer is the surviving corporation (other
      than any consolidation or merger in which the previously outstanding shares
      of
      Common Stock of the Issuer shall be changed to or exchanged for the stock or
      other securities of another corporation), the amount of consideration therefor
      shall be, deemed to be the fair value, as determined reasonably and in good
      faith by the Board, of such portion of the assets and business of the
      nonsurviving corporation as the Board may determine to be attributable to such
      shares of Common Stock or Common Stock Equivalents, as the case may be. The
      consideration for any Additional Shares of Common Stock issuable pursuant to
      any
      warrants or other rights to subscribe for or purchase the same shall be the
      consideration received by the Issuer for issuing such warrants or other rights
      plus the additional consideration payable to the Issuer upon exercise of such
      warrants or other rights. The consideration for any Additional Shares of Common
      Stock issuable pursuant to the terms of any Common Stock Equivalents shall
      be
      the consideration received by the Issuer for issuing warrants or other rights
      to
      subscribe for or purchase such Common Stock Equivalents, plus the consideration
      paid or payable to the Issuer in respect of the subscription for or purchase
      of
      such Common Stock Equivalents, plus the additional consideration, if any,
      payable to the Issuer upon the exercise of the right of conversion or exchange
      in such Common Stock Equivalents. In the event of any consolidation or merger
      of
      the Issuer in which the Issuer is not the surviving corporation or in which
      the
      previously outstanding shares of Common Stock of the Issuer shall be changed
      into or exchanged for the stock or other securities of another corporation,
      or
      in the event of any sale of all or substantially all of the assets of the Issuer
      for stock or other securities of any corporation, the Issuer shall be deemed
      to
      have issued a number of shares of its Common Stock for stock or securities
      or
      other property of the other corporation computed on the basis of the actual
      exchange ratio on which the transaction was predicated, and for a consideration
      equal to the fair market value on the date of such transaction of all such
      stock
      or securities or other property of the other corporation. In the event any
      consideration received by the Issuer for any securities consists of property
      other than cash, the fair market value thereof at the time of issuance or as
      otherwise applicable shall be as determined in good faith by the Board. In
      the
      event Common Stock is issued with other shares or securities or other assets
      of
      the Issuer for consideration which covers both, the consideration computed
      as
      provided in this Section 4(f)(i) shall be allocated among such securities and
      assets as determined in good faith by the Board. 

     
      

    (ii)
       When
      Adjustments to Be Made.
      The
      adjustments required by this Section 4 shall be made whenever and as often
      as
      any specified event requiring an adjustment shall occur, except that any
      adjustment of the number of shares of Common Stock for which this Warrant is
      exercisable that would otherwise be required may be postponed up to, but not
      beyond the date of exercise if such adjustment either by itself or with other
      adjustments not previously made adds or subtracts less than one percent (1%)
      of
      the shares of Common Stock for which this Warrant is exercisable immediately
      prior to the making of such adjustment. Any adjustment representing a change
      of
      less than such minimum amount (except as aforesaid) which is postponed shall
      be
      carried forward and made as soon as such adjustment, together with other
      adjustments required by this Section 4 and not previously made, would result
      in
      a minimum adjustment or on the date of exercise. For the purpose of any
      adjustment, any specified event shall be deemed to have occurred at the close
      of
      business on the date of its occurrence. 

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    (iii)
       Fractional
      Interests.
      In
      computing adjustments under this Section 4, fractional interests in Common
      Stock
      shall be taken into account to the nearest one one-hundredth (1/100 th
      )
      of a
      share. 

    

    (iv)
       When
      Adjustment Not Required.
      If the
      Issuer shall take a record of the holders of its Common Stock for the purpose
      of
      entitling them to receive a dividend or distribution or subscription or purchase
      rights and shall, thereafter and before the distribution to stockholders
      thereof, legally abandon its plan to pay or deliver such dividend, distribution,
      subscription or purchase rights, then thereafter no adjustment shall be required
      by reason of the taking of such record and any such adjustment previously made
      in respect thereof shall be rescinded and annulled. 

     
      

    (g)
       Form
      of Warrant after Adjustments.
      The
      form of this Warrant need not be changed because of any adjustments in the
      Warrant Price or the number and kind of Securities purchasable upon the exercise
      of this Warrant. 

    

    (i) Escrow
      of Warrant Stock.
      If
      after any property becomes distributable pursuant to this Section 4 by reason
      of
      the taking of any record of the holders of Common Stock, but prior to the
      occurrence of the event for which such record is taken, and the Holder exercises
      this Warrant, any shares of Common Stock issuable upon exercise by reason of
      such adjustment shall be held in escrow for the Holder by the Issuer to be
      issued to the Holder upon and to the extent that the event actually takes place,
      upon payment of the current Warrant Price. Notwithstanding any other provision
      to the contrary herein, if the event for which such record was taken fails
      to
      occur or is rescinded, then such escrowed shares shall be cancelled by the
      Issuer and escrowed property returned. 

     
      

    5.
       Notice
      of Adjustments.
      Whenever the Warrant Price or Warrant Share Number shall be adjusted pursuant
      to
      Section 4 hereof (for purposes of this Section 5, each an " adjustment
      "),
      the
      Issuer shall cause its Chief Financial Officer to prepare and execute a
      certificate setting forth, in reasonable detail, the event requiring the
      adjustment, the amount of the adjustment, the method by which such adjustment
      was calculated (including a description of the basis on which the Board made
      any
      determination hereunder), and the Warrant Price and Warrant Share Number after
      giving effect to such adjustment, and shall cause copies of such certificate
      to
      be delivered to the Holder of this Warrant promptly after each adjustment.
      Any
      dispute between the Issuer and the Holder of this Warrant with respect to the
      matters set forth in such certificate may at the option of the Holder of this
      Warrant be submitted to a national or regional accounting firm reasonably
      acceptable to the Issuer and the Holder, provided
      that
      the
      Issuer shall have ten (10) days after receipt of notice from such Holder of
      its
      selection of such firm to object thereto, in which case such Holder shall select
      another such firm and the Issuer shall have no such right of objection. The
      firm
      selected by the Holder of this Warrant as provided in the preceding sentence
      shall be instructed to deliver a written opinion as to such matters to the
      Issuer and such Holder within thirty (30) days after submission to it of such
      dispute. Such opinion shall be final and binding on the parties hereto. The
      costs and expenses of the initial accounting firm shall be paid equally by
      the
      Issuer and the Holder and, in the case of an objection by the Issuer, the costs
      and expenses of the subsequent accounting firm shall be paid in full by the
      Issuer. 

    

    6.
       Fractional
      Shares.
      No
      fractional shares of Warrant Stock will be issued in connection with any
      exercise hereof, but in lieu of such fractional shares, the Issuer shall make
      a
      cash payment therefor equal in amount to the product of the applicable fraction
      multiplied by the Per Share Market Value then in effect.

    

    7. Registration
      Rights.
      The
      Holder of this Warrant is entitled to the benefit of certain registration rights
      with respect to the shares of Warrant Stock issuable upon the exercise of this
      Warrant pursuant to that certain Registration Rights Agreement, of even date
      herewith, by and among the Company and Persons listed on Schedule I thereto
      (the
“ Registration
      Rights Agreement “)
      and
      the registration rights with respect to the shares of Warrant Stock issuable
      upon the exercise of this Warrant by any subsequent Holder may only be assigned
      in accordance with the terms and provisions of the Registrations Rights
      Agreement. 

    

    8. Definitions.
      For the
      purposes of this Warrant, the following terms have the following meanings:
      

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    "
      Additional
      Shares of Common Stock "
      means
      all shares of Common Stock issued by the Issuer after the Original Issue Date,
      and all shares of Other Common, if any, issued by the Issuer after the Original
      Issue Date, except: (i) securities issued (other than for cash) in connection
      with a merger, acquisition, or consolidation, (ii) securities issued pursuant
      to
      the conversion or exercise of convertible or exercisable securities issued
      or
      outstanding on or prior to the date of the Purchase Agreement or issued pursuant
      to the Purchase Agreement (so long as the conversion or exercise price in such
      securities are not amended to lower such price and/or adversely affect the
      Holders), (iii) the Warrant Stock, (iv) securities issued in connection with
      bona fide strategic license agreements or other partnering arrangements so
      long
      as such issuances are not for the purpose of raising capital, (v) Common Stock
      issued or the issuance or grants of options to purchase Common Stock pursuant
      to
      the Issuer’s equity incentive plans outstanding as they exist on the date of the
      Purchase Agreement, (vi) the issuance or grants of options to purchase Common
      Stock to employees, officers or directors of the Issuer pursuant to any equity
      incentive plan duly adopted by the Board or a committee thereof established
      for
      such purpose so long as such issuances in the aggregate do not exceed ten
      percent (10)% of the issued and outstanding shares of Common Stock as of the
      Original Issue Date and the specified price at which the options may be
      exercised is equal to or greater than the Per Share Market Value as of the
      date
      of such grant, and (vii) any warrants, shares of Common Stock or other
      securities issued to a placement agent and its designees for the transactions
      contemplated by the Purchase Agreement or in any other sales of the Issuer’s
      securities and any securities issued in connection with any financial advisory
      agreements of the Issuer and the shares of Common Stock issued upon exercise
      of
      any such warrants or conversions of any such other securities. 

     
      

    "
      Articles
      of Incorporation "
      means
      the Articles of Incorporation of the Issuer as in effect on the Original Issue
      Date, and as hereafter from time to time amended, modified, supplemented or
      restated in accordance with the terms hereof and thereof and pursuant to
      applicable law. 

    

    “
      Board
      "
      shall
      mean the Board of Directors of the Issuer. 

    

    "
      Capital
      Stock "
      means
      and includes (i) any and all shares, interests, participations or other
      equivalents of or interests in (however designated) corporate stock, including,
      without limitation, shares of preferred or preference stock, (ii) all
      partnership interests (whether general or limited) in any Person which is a
      partnership, (iii) all membership interests or limited liability company
      interests in any limited liability company, and (iv) all equity or ownership
      interests in any Person of any other type. 

     
      

    "
      Common
      Stock "
      means
      the Common Stock, $0.0001 par value per share, of the Issuer and any other
      Capital Stock into which such stock may hereafter be changed. 

    

    "
      Common
      Stock Equivalent "
      means
      any Convertible Security or warrant, option or other right to subscribe for
      or
      purchase any Additional Shares of Common Stock or any Convertible Security.
      

    

    "
      Convertible
      Securities "
      means
      evidences of Indebtedness, shares of Capital Stock or other Securities which
      are
      or may be at any time convertible into or exchangeable for Additional Shares
      of
      Common Stock. The term "Convertible Security" means one of the Convertible
      Securities. 

    

    "
      Governmental
      Authority "
      means
      any governmental, regulatory or self-regulatory entity, department, body,
      official, authority, commission, board, agency or instrumentality, whether
      federal, state or local, and whether domestic or foreign. 

    

    "
      Holders
      "
      mean
      the Persons who shall from time to time own any Warrant. The term "Holder"
      means
      one of the Holders. 

    

    "
      Independent
      Appraiser "
      means a
      nationally recognized or major regional investment banking firm or firm of
      independent certified public accountants of recognized standing (which may
      be
      the firm that regularly examines the financial statements of the Issuer) that
      is
      regularly engaged in the business of appraising the Capital Stock or assets
      of
      corporations or other entities as going concerns, and which is not affiliated
      with either the Issuer or the Holder of any Warrant. 

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    "
      Issuer
      "
      means
      Wuhan General Group (China), Inc. (formerly known as United National Film
      Corporation), a Nevada corporation, and its successors. 

    

    "
      Majority
      Holders "
      means
      at any time the Holders of Warrants exercisable for a majority of the shares
      of
      Warrant Stock issuable under the Warrants at the time outstanding. 

    

    "
      Original
      Issue Date "
      means
      February 7, 2007. 

    

    "
      OTC
      Bulletin Board "
      means
      the over-the-counter electronic bulletin board. 

    

    "
      Other
      Common "
      means
      any other Capital Stock of the Issuer of any class which shall be authorized
      at
      any time after the date of this Warrant (other than Common Stock) and which
      shall have the right to participate in the distribution of earnings and assets
      of the Issuer without limitation as to amount. 

     
      

    “
      Outstanding
      Common Stock “
means,
      at any given time, the aggregate amount of outstanding shares of Common Stock,
      assuming full exercise, conversion or exchange (as applicable) of all options,
      warrants and other Securities which are convertible into or exercisable or
      exchangeable for, and any right to subscribe for, shares of Common Stock that
      are outstanding at such time. 

    

    "
      Person
      "
      means
      an individual, corporation, limited liability company, partnership, joint stock
      company, trust, unincorporated organization, joint venture, Governmental
      Authority or other entity of whatever nature. 

    

    "
      Per
      Share Market Value "
      means
      on any particular date (a) the last closing price per share of the Common Stock
      on such date on the NASDAQ Capital Market or another registered national stock
      exchange on which the Common Stock is then listed, or if there is no such price
      on such date, then the closing price on such exchange on the date nearest
      preceding such date, or (b) if the Common Stock is not listed then on a
      registered national stock exchange, the last closing bid price per share of
      the
      Common Stock on such date on the OTC Bulletin Board, or if there is no such
      price on such date, then the closing bid price on the OTC Bulletin Board on
      the
      date nearest preceding such date, or (c) if the Common Stock is not listed
      then
      on the OTC Bulletin Board or any registered national stock exchange, the last
      closing bid price for a share of Common Stock in the over-the-counter market,
      as
      reported by the OTC Bulletin Board or in the National Quotation Bureau
      Incorporated (or similar organization or agency succeeding to its functions
      of
      reporting prices) at the close of business on such date, or (d) if the Common
      Stock is not then reported by the OTC Bulletin Board or the National Quotation
      Bureau Incorporated (or similar organization or agency succeeding to its
      functions of reporting prices), then the average of the "Pink Sheet" quotes
      for
      the five (5) Trading Days preceding such date of determination, or (e) if the
      Common Stock is not then publicly traded the fair market value of a share of
      Common Stock as determined by an Independent Appraiser selected in good faith
      by
      the Majority Holders; provided
      ,
      however
      ,
      that
      the Issuer, after receipt of the determination by such Independent Appraiser,
      shall have the right to select an additional Independent Appraiser, in which
      case, the fair market value shall be equal to the average of the determinations
      by each such Independent Appraiser; and provided
      ,
      further
      that
      all
      determinations of the Per Share Market Value shall be appropriately adjusted
      for
      any stock dividends, stock splits or other similar transactions during such
      period. The determination of fair market value by an Independent Appraiser
      shall
      be based upon the fair market value of the Issuer determined on a going concern
      basis as between a willing buyer and a willing seller and taking into account
      all relevant factors determinative of value, and shall be final and binding
      on
      all parties. In determining the fair market value of any shares of Common Stock,
      no consideration shall be given to any restrictions on transfer of the Common
      Stock imposed by agreement or by federal or state securities laws, or to the
      existence or absence of, or any limitations on, voting rights. 

    

    "
      Purchase
      Agreement "
      means
      the Series A Convertible Preferred Stock Purchase Agreement dated as of February
      7, 2007, among the Issuer and the Purchasers. 

    

    "
      Purchasers
      "
      means
      the purchasers of the Series A Convertible Preferred Stock and the Warrants
      issued by the Issuer pursuant to the Purchase Agreement. 

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     
      

    "
      Securities
      "
      means
      any debt or equity securities of the Issuer, whether now or hereafter
      authorized, any instrument convertible into or exchangeable for Securities
      or a
      Security, and any option, warrant or other right to purchase or acquire any
      Security. "Security" means one of the Securities. 

    

    "
      Securities
      Act "
      means
      the Securities Act of 1933, as amended, or any similar federal statute then
      in
      effect. 

    

    "
      Series
      B Convertible Preferred Stock "
      means
      the Series B Convertible Preferred Stock, par value $0.0001 per share, of the
      Issuer and any other Capital Stock into which such stock may hereafter be
      changed.

    

    "
      Subsidiary
      "
      means
      any corporation at least 50% of whose outstanding Voting Stock shall at the
      time
      be owned directly or indirectly by the Issuer or by one or more of its
      Subsidiaries, or by the Issuer and one or more of its Subsidiaries.

    

    "
      Term
      "
      has the
      meaning specified in Section 1 hereof. 

    

    "
      Trading
      Day "
      means
      (a) a day on which the Common Stock is traded on the NASDAQ Capital Market
      or
      another national securities exchange on which the Common Stock is then listed,
      or (b) if the Common Stock is not traded on the NASDAQ Capital Market or another
      national securities exchange, the OTC Bulletin Board, or (c) if the Common
      Stock
      is not traded on the NASDAQ Capital Market or another national securities
      exchange or the OTC Bulletin Board, a day on which the Common Stock is quoted
      in
      the over-the-counter market as reported by National Quotation Bureau
      Incorporated (or any similar organization or agency succeeding its functions
      of
      reporting prices); provided
      ,
      however
      ,
      that in
      the event that the Common Stock is not listed or quoted as set forth in (a),
      (b)
      or (c) hereof, then Trading Day shall mean any day except Saturday, Sunday
      and
      any day which shall be a legal holiday or a day on which banking institutions
      in
      the State of New York are authorized or required by law or other government
      action to close.

    

    "
      Voting
      Stock "
      means,
      as applied to the Capital Stock of any corporation, Capital Stock of any class
      or classes (however designated) having ordinary voting power for the election
      of
      a majority of the members of the Board of Directors (or other governing body)
      of
      such corporation, other than Capital Stock having such power only by reason
      of
      the happening of a contingency. 

    

    "
      Warrants
      "
      means
      the Warrants issued and sold pursuant to the Purchase Agreement, including,
      without limitation, this Warrant, and any other warrants of like tenor issued
      in
      substitution or exchange for any thereof pursuant to the provisions of Section
      2(c) or 2(d) hereof or of any of such other Warrants. 

    

    "
      Warrant
      Price "
      initially means $2.33, as such price may be adjusted from time to time as shall
      result from the adjustments specified in this Warrant, including Section 4
      hereto. 

    

    "
      Warrant
      Share Number "
      means
      at any time the aggregate number of shares of Warrant Stock which may at such
      time be purchased upon exercise of this Warrant, after giving effect to all
      prior adjustments and increases to such number made or required to be made
      under
      the terms hereof. 

    

    "
      Warrant
      Stock "
      means
      Common Stock or Series B Convertible Preferred Stock, as the case may be,
      issuable upon exercise of any Warrant or Warrants or otherwise issuable pursuant
      to any Warrant or Warrants. 

    

    9. Other
      Notices.
      In case
      at any time: 

    

    
      	
               
                

            	
              (A)
                

            	
              the
                Issuer shall make any distributions to the holders of Common Stock
                or
                Series B Convertible Preferred Stock; or

            

    

    

    
      	
               
                

            	
              (B)
                

            	
              the
                Issuer shall authorize the granting to all holders of its Common
                Stock or
                Series B Convertible Preferred Stock of rights to subscribe for or
                purchase any shares of Capital Stock of any class or other rights;
                or
                

            

    

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    
      	
               
                

            	
              (C)
                

            	
              there
                shall be any reclassification of the Capital Stock of the Issuer;
                or
                

            

    

    

    
      	
               
                

            	
              (D)
                

            	
              there
                shall be any capital reorganization by the Issuer; or
                

            

    

    

    
      	
               
                

            	
              (E)
                

            	
              there
                shall be any (i) consolidation or merger involving the Issuer or
                (ii)
                sale, transfer or other disposition of all or substantially all of
                the
                Issuer's property, assets or business (except a merger or other
                reorganization in which the Issuer shall be the surviving corporation
                and
                its shares of Capital Stock shall continue to be outstanding and
                unchanged
                and except a consolidation, merger, sale, transfer or other disposition
                involving a wholly owned Subsidiary); or

            

    

    

    
      	
               
                

            	
              (F)
                

            	
              there
                shall be a voluntary or involuntary dissolution, liquidation or winding-up
                of the Issuer or any partial liquidation of the Issuer or distribution
                to
                holders of Common Stock or Series B Convertible Preferred Stock;
                

            

    

    

    then,
      in
      each of such cases, the Issuer shall give written notice to the Holder of the
      date on which (i) the books of the Issuer shall close or a record shall be
      taken
      for such dividend, distribution or subscription rights or (ii) such
      reorganization, reclassification, consolidation, merger, disposition,
      dissolution, liquidation or winding-up, as the case may be, shall take place.
      Such notice also shall specify the date as of which the holders of Common Stock
      of record shall participate in such dividend, distribution or subscription
      rights, or shall be entitled to exchange their certificates for Common Stock
      for
      securities or other property deliverable upon such reorganization,
      reclassification, consolidation, merger, disposition, dissolution, liquidation
      or winding-up, as the case may be. Such notice shall be given at least twenty
      (20) days prior to the action in question and not less than ten (10) days prior
      to the record date or the date on which the Issuer's transfer books are closed
      in respect thereto. This Warrant entitles the Holder to receive copies of all
      financial and other information distributed or required to be distributed to
      the
      holders of the Common Stock or Series B Convertible Preferred Stock.

    

    10. Amendment
      and Waiver.
      Any
      term, covenant, agreement or condition in this Warrant may be amended, or
      compliance therewith may be waived (either generally or in a particular instance
      and either retroactively or prospectively), by a written instrument or written
      instruments executed by the Issuer and the Majority Holders; provided
      ,
      however
      ,
      that no
      such amendment or waiver shall reduce the Warrant Share Number, increase the
      Warrant Price, shorten the period during which this Warrant may be exercised
      or
      modify any provision of this Section 10 without the consent of the Holder of
      this Warrant. No consideration shall be offered or paid to any person to amend
      or consent to a waiver or modification of any provision of this Warrant unless
      the same consideration is also offered to all holders of the Warrants.

     
      

    11.
       Governing
      Law; Jurisdiction.
      This
      Warrant shall be governed by and construed in accordance with the internal
      laws
      of the State of New York, without giving effect to any of the conflicts of
      law
      principles which would result in the application of the substantive law of
      another jurisdiction. This Warrant shall not be interpreted or construed with
      any presumption against the party causing this Warrant to be drafted. The Issuer
      and the Holder agree that venue for any dispute arising under this Warrant
      will
      lie exclusively in the state or federal courts located in New York County,
      New
      York, and the parties irrevocably waive any right to raise forum
      non conveniens or
      any
      other argument that New York is not the proper venue. The Issuer and the Holder
      irrevocably consent to personal jurisdiction in the state and federal courts
      of
      the state of New York. The Issuer and the Holder consent to process being served
      in any such suit, action or proceeding by mailing a copy thereof to such party
      at the address in effect for notices to it under this Warrant and agrees that
      such service shall constitute good and sufficient service of process and notice
      thereof. Nothing in this Section 11 shall affect or limit any right to serve
      process in any other manner permitted by law. The Issuer and the Holder hereby
      agree that the prevailing party in any suit, action or proceeding arising out
      of
      or relating to this Warrant or the Purchase Agreement, shall be entitled to
      reimbursement for reasonable legal fees from the non-prevailing party. The
      parties hereby waive all rights to a trial by jury. 

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    

    12. Notices.
      Any
      notice, demand, request, waiver or other communication required or permitted
      to
      be given hereunder shall be in writing and shall be effective (a) immediately
      upon hand delivery, telecopy or facsimile at the address or number designated
      below (if delivered on a business day during normal business hours where such
      notice is to be received), or the first business day following such delivery
      (if
      delivered other than on a business day during normal business hours where such
      notice is to be received) or (b) on the second business day following the date
      of mailing by express courier service, fully prepaid, addressed to such address,
      or upon actual receipt of such mailing, whichever shall first occur. The
      addresses for such communications shall be: 

     
      

    
      	
              If
                to the Issuer: 

            	
              Wuhan
                General Group (China), Inc.

              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) 27 5970 0069

              Fax
                No.: (86) 027 5970 0010 

            

    

     
      

    
      	
              with
                copies (which copies 

              shall
                not constitute notice) 

              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 any Holder:  
                

            	
              At
                the address of such Holder set forth in the Company’s records, with copies
                to Holder’s counsel or as specified in writing by such Holder with copies
                to: 

            

    

     
      

    
      	
              with
                copies (which copies 

              shall
                not constitute notice) 

              to:
                

            	
              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 

            

    

     
      

    Any
      party
      hereto may from time to time change its address for notices by giving written
      notice of such changed address to the other party hereto. 

     
      

    13.
       Warrant
      Agent.
      The
      Issuer may, by written notice to each Holder of this Warrant, appoint an agent
      having an office in New York, New York for the purpose of issuing shares of
      Warrant Stock on the exercise of this Warrant pursuant to subsection (b) of
      Section 2 hereof or replacing this Warrant pursuant to subsection (d) of Section
      3 hereof, or any of the foregoing, and thereafter any such issuance or
      replacement, as the case may be, shall be made at such office by such
      agent.

    

    14.
       Remedies.
      The
      Issuer stipulates that the remedies at law of the Holder of this Warrant in
      the
      event of any default or threatened default by the Issuer in the performance
      of
      or compliance with any of the terms of this Warrant are not and will not be
      adequate and that, to the fullest extent permitted by law, such terms may be
      specifically enforced by a decree for the specific performance of any agreement
      contained herein or by an injunction against a violation of any of the terms
      hereof or otherwise. 

    

    15. Successors
      and Assigns.
      This
      Warrant and the rights evidenced hereby shall inure to the benefit of and be
      binding upon the successors and assigns of the Issuer, the Holder hereof and
      (to
      the extent provided herein) the Holders of Warrant Stock issued pursuant hereto,
      and shall be enforceable by any such Holder or Holder of Warrant Stock.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    

    16.
       Modification
      and Severability.
      If, in
      any action before any court or agency legally empowered to enforce any provision
      contained herein, any provision hereof is found to be unenforceable, then such
      provision shall be deemed modified to the extent necessary to make it
      enforceable by such court or agency. If any such provision is not enforceable
      as
      set forth in the preceding sentence, the unenforceability of such provision
      shall not affect the other provisions of this Warrant, but this Warrant shall
      be
      construed as if such unenforceable provision had never been contained herein.
      

     
      

    17.
       Headings.
      The
      headings of the Sections of this Warrant are for convenience of reference only
      and shall not, for any purpose, be deemed a part of this Warrant. 

    

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK] 

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the Issuer has executed this Series J Warrant as of the day
      and
      year first above written. 

     

    
      	
               
                

            	
               
                

            	
               
                

            
	
               
                

            	
              WUHAN
                GENERAL GROUP (CHINA), INC. 

            
	
               
                

               
                

            	
               
                

               
                

            	
               
                

               
                

            
	
               
                

            	
              By:  
                

            	
               

               

            
	
               
                

            	
              Name:
                Xu Jie 

              Title:
                President and Chief Executive Officer

            

    

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    EXERCISE
      FORM

     

    SERIES
      J
      WARRANT 

    WUHAN
      GENERAL GROUP (CHINA), INC. 

    

    The
      undersigned _______________, pursuant to the provisions of the within Warrant,
      hereby elects to purchase _____ shares of Series B Convertible Preferred Stock
      of Wuhan General Group (China), Inc. covered by the within Warrant.

     
      

    
      	
              Dated:
                _________________ 

            	
               
                

            	
              Signature
                 
                

            	
              ___________________________
                

            
	
               
                

            	
               
                

            	
               
                

            	
               
                

            
	 	
               
                

            	
              Address
                

            	
              _____________________
                

              _____________________
                

            

    

     
      

    

    The
      undersigned is an “accredited investor” as defined in Regulation D under the
      Securities Act of 1933, as amended. 

     
      

    ASSIGNMENT
      

    

    FOR
      VALUE
      RECEIVED, _________________ hereby sells, assigns and transfers unto
      __________________ the within Warrant and all rights evidenced thereby and
      does
      irrevocably constitute and appoint _____________, attorney, to transfer the
      said
      Warrant on the books of the within named corporation. 

     
      

    
      	
              Dated:
                _________________ 

            	
               
                

            	
              Signature
                 
                

            	
              ___________________________
                

            
	
               
                

            	
               
                

            	
               
                

            	
               
                

            
	 	
               
                

            	
              Address
                

            	
              _____________________
                

              _____________________
                

            

    

     
      

    PARTIAL
      ASSIGNMENT 

    

    FOR
      VALUE
      RECEIVED, _________________ hereby sells, assigns and transfers unto
      __________________ the right to purchase _________ shares of Warrant Stock
      evidenced by the within Warrant together with all rights therein, and does
      irrevocably constitute and appoint ___________________, attorney, to transfer
      that part of the said Warrant on the books of the within named corporation.
      

     
      

    
      	
              Dated:
                _________________ 

            	
               
                

            	
              Signature
                 
                

            	
              ___________________________
                

            
	
               
                

            	
               
                

            	
               
                

            	
               
                

            
	 	
               
                

            	
              Address
                

            	
              _____________________
                

              _____________________
                

            

    

     
      

     
      

    FOR
      USE
      BY THE ISSUER ONLY: 

    

    This
      Warrant No. W-___ canceled (or transferred or exchanged) this _____ day of
      ___________, _____, shares of Series B Convertible Preferred Stock issued
      therefor in the name of _______________, Warrant No. W-_____ issued for ____
      shares of Series B Convertible Preferred Stock in the name of _______________.
      

     

    
      
         

      

      
        15

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