ESCROW AGREEMENTEscrow Agreement • April 2nd, 2015 • Long Island Iced Tea Corp. • Beverages • New York
This ESCROW AGREEMENT (this “Agreement”) is being made and entered into as of [●], 2015, by and among LONG ISLAND ICED TEA CORP., a Delaware corporation (“Holdco”), PHILIP THOMAS, on behalf of the members of Long Island Brand Beverages LLC (the “Members”), in his capacity as the LIBB Representative under the Merger Agreement (as defined below) and herein (the “LIBB Representative”), and not in his personal capacity, and CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as escrow agent (the “Escrow Agent”). Capitalized terms used herein that are not otherwise defined herein shall have the meanings ascribed to such terms in the Merger Agreement.
November 7, 2014Long Island Iced Tea Corp. • April 2nd, 2015 • Beverages
Reference is made to those certain promissory notes (“Notes”), dated November 9, 2013, December 5, 2013 and April 1, 2014, made by Long Island Brands Beverages LLC. (“Company”) in favor of Cullen Agricultural Holding Corp.
August 15, 2014Long Island Iced Tea Corp. • April 2nd, 2015 • Beverages
Reference is made to those certain promissory notes (“Notes”), dated November 9, 2013, December 5, 2013 and April 1, 2014, made by Long Island Brands Beverages LLC. (“Company”) in favor of Cullen Agricultural Holding Corp.
March 4, 2015Long Island Iced Tea Corp. • April 2nd, 2015 • Beverages
Reference is made to those certain promissory notes (“Notes”), dated November 19. 2013, December 5, 2013 and April 1, 2014, made by Long Island Brands Beverages LLC. (“Company”) in favor of Cullen Agricultural Holding Corp.
