Common use of Closing in Escrow Clause in Contracts

Closing in Escrow. The Remainder of this Page is Intentionally left Blank PLAN OF EXCHANGE BY WHICH ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, INC. (A FLORIDA CORPORATION) SHALL ACQUIRE GUANGDONG GOLDEN SAND & GREEN LAND ECOLOGY AND ENVIRONMENT PROTECTION DEVELOPMENT CO., LTD. (A CORPORATION ORGANIZED UNDER THE LAWS OF THE P.R. CHINA) THIS PLAN OF EXCHANGE is made and dated this 26th day of June, 2003, to supersede all previous agreements, if any between the parties. This Agreement anticipates extensive due diligence by both parties, and may be terminated by written notice, at any time (i) by mutual consent; (ii) by either party during the due diligence phase.