Common use of Escrowed Property Clause in Contracts

Escrowed Property. 1.01 Each of the Stockholders has this day delivered to the Escrow Agent that number of Exchange Shares set forth next to his signature on the signature page hereof, which Exchange Shares aggregate 252,864 shares (hereinafter referred to collectively as the "Escrowed Property"). 1.02 The Escrow Agent acknowledges receipt of negotiable certificates for the Escrowed Property issued in the names of each of the Stockholders with blank stock powers attached properly executed by the Stockholders, and the Escrow Agent agrees to hold or dispose of the Escrowed Property and any other collateral 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.

Escrowed Property. 1.01 Each of the Stockholders has this day delivered to the Escrow Agent that number of Exchange Shares set forth next to his signature on the signature page hereof, which Exchange Shares aggregate 252,864 80,467 shares (hereinafter referred to collectively as the "Escrowed Property"). 1.02 The Escrow Agent acknowledges receipt of negotiable certificates for the Escrowed Property issued in the names of each of the Stockholders with blank stock powers attached properly executed by the Stockholders, and the Escrow Agent agrees to hold or dispose of the Escrowed Property and any other collateral 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.