Escrowed Property. 1.01 Each of the Stockholders agrees to deliver to Escrow Agent certificates representing the number of outstanding shares of common stock (the "Common Stock") of IWI set forth next to such stockholder's name on the signature page hereof (the "Escrow Certificates"). The Escrow Certificates delivered to the Escrow Agent are hereinafter referred to collectively as the "Escrowed Property." 1.02 The Escrow Agent agrees to hold or dispose of the Escrowed Property in accordance with the terms of this Escrow Agreement. 1.03 All dividends and other distributions (whether of cash, securities or other property) upon or in respect of any of the Escrowed Property and all property receivable in substitution or exchange therefor shall be included with and constitute part of the Escrowed Property. 1.04 All shares of Common Stock included in the Escrowed Property shall be voted in accordance with the instructions of the Stockholders.
Appears in 1 contract
Sources: Acquisition Agreement (Origin Investment Group Inc)
Escrowed Property. 1.01 Each of the Stockholders agrees to deliver to Escrow Agent certificates representing the number of outstanding shares of common stock stock, par value $.001 per share (the "Common Stock") ), of IWI Vizacom set forth next to such stockholder's name on the signature page hereof (the "Escrow CertificatesCertificate"). The Escrow Certificates delivered to the Escrow Agent are hereinafter referred to collectively as the "Escrowed Property."
1.02 The Escrow Agent agrees to hold or dispose of the Escrowed Property in accordance with the terms of this Escrow Agreement.
1.03 All dividends and other distributions (whether of cash, securities or other property) upon or in respect of any of the Escrowed Property and all property receivable in substitution or exchange therefor shall be included with and constitute part of the Escrowed Property.
1.04 All shares of Common Stock included in the Escrowed Property shall be voted in accordance with the instructions of the Stockholders.
Appears in 1 contract
Sources: Escrow Agreement (Vizacom Inc)