This Escrow Agreement for Shares is between an owner of certain shares and an escrow agent who agrees to hold these shares in escrow. This agreement sets out the specifics of the arrangement including its term, how the shares will be transferred to the agent and any obligations the shareholder agrees to undertake. It also sets forth the voting power of the escrowed shares and indemnification of the escrow agent. A written Escrow Agreement for Shares will prove useful in the event there are disagreements or misunderstandings about the location of issued shares and their voting powers.

This Escrow Agreement for Shares includes the following:

• Parties: Sets out the names of the escrow agent and the owner of the shares;
• Term: Commencement date and period of years the shares will be held in escrow;
• Transfer of Shares: Shares shall not be sold or pledged during the term of this agreement except for transfers due to shareholder's incapacity or death;
• Dividends: All dividends will be placed in an interest bearing account by the escrow agent;
• Voting: Shareholder shall have the right to vote the shares at any and all shareholders meetings;
• Indemnification/Fees: Shareholder agrees to hold the escrow agent harmless for any proceeding relating to this agreement and further agrees to pay all reasonable fees and costs the escrow agent may incur;
• Signatures: The issuing company, the shareholder and escrow agent must sign this agreement.

Protect yourself and your rights by purchasing this attorney-prepared form.

This attorney-prepared package includes:

1. General Information
2. Instructions and Checklist
3. Escrow Agreement for Shares

State Law Compliance: This form complies with the laws of all states