ESCROW AGREEMENT
THIS ESCROW AGREEMENT made as of the ____ day of ___________, 20______.
B E T W E E N:
________________________________
(hereinafter referred to as the “____________”)
OF THE FIRST PART;
AND:
_________________________________
(hereinafter referred to as the “____________”)
OF THE SECOND PART;
AND:
___________________________________
(hereinafter referred to as the “Agent”)
OF THE THIRD PART.
WHEREAS the parties hereto entered into a _______________ Agreement dated the
_____ day of __________, _________ for the _______________ (enter description of
transaction) by the _______________ and the ________________ by the _________________
of ___________________(the “Agreement”); and
AND WHEREAS the Agreement provides for security for certain obligations of the
______________ and the _______________ and the ____________ agreed that
________________ ($_______) Dollars be held in trust in an interest bearing Trust Account by
the Agent (the “Trust Account”) and for funds to be paid out of the Trust Account as provided by
the Agreement;
AND WHEREAS the parties wish to provide for the terms of escrow applicable to the
funds to be held in the Trust Account by the Agent.
NOW THEREFORE THIS AGREEMENT WITNESSETH:
1. The ______________ and ________________ hereby appoint the Agent, and the Agent
hereby agrees to act as escrow agent and trustee in accordance with the terms and conditions of
this Escrow Agreement.
2. The Agent shall hold and deal with all m