Escrow agreement against seller’s creditors-in addition to or in lieu of bulk sales notification. THIS AGREEMENT is made as of [date] among _______________ (“Seller”), ___________ (“Buyer”), and____________ (“Escrowee”). WITNESSETH: WHEREAS, Buyer and Seller have entered into a contract dated as if [date], in which Buyer has agreed to purchase and Seller has agreed to sell the [assets of the business] owned by Seller, upon the terms and conditions set forth therein, including Seller’s obligation to pay the unassumed liabilities attributed to that business, and WHEREAS, the parties desire to execute an escrow agreement for the purpose of insuring payment of all of Seller’s debts that are attributable to the business and protecting the assets and other property to be transferred to Buyer free from any claims of Seller’s unpaid creditors. It is therefore agreed: 1. Deposit into Escrow. Escrowee acknowledges receipt, subject to collection, of $__________ [amount] (the “escrow fund”). 2. Disposition of Fund. Escrowee shall hold the escrow fund for up to [number] of months from the date of this agreement in an interest bearing account, separate and apart from his personal funds. The account shall be at a bank insured