Common use of Liquidation of Company Clause in Contracts

Liquidation of Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Prospectus. WITNESS the execution of this Agreement as of the date first above written. TREMISIS ENERGY ACQUISITION CORPORATION By: _____________________________ Xxxxxxxx X. Xxxxx, Chairman INITIAL STOCKHOLDERS: ________________________________ Xxxxxxxx X. Xxxxx ________________________________ Xxxxx Xxxx ________________________________ Xxxxx X. Xxxxxxx ________________________________ Xxx Xxxxxx CONTINENTAL STOCK TRANSFER & TRUST COMPANY By:_______________________________ Name: Title: EXHIBIT A Name and Address of Number Stock Date of Initial Stockholder of Shares Certificate Number Insider Letter ------------------- --------- ------------------ -------------- Xxxxxxxx X. Xxxxx 733,334 1, 5, 9 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx Xxxx 133,334 2, 6, 10 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx X. Xxxxxxx 66,666 3, 7, 11 March 3, 2004 c/o Houlihan Xxxxx Xxxxxx & Xxxxx 000 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Xxx Xxxxxx 66,666 4, 8, 12 March 3, 2004 c/o Saybrook Capital, LLC 000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxx Xxxxxx, Xxxxxxxxxx 00000

Liquidation of Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Prospectus. WITNESS the execution of this Agreement as of the date first above written. TREMISIS ENERGY ACQUISITION CORPORATION By: _____________________________ Xxxxxxxx X. Xxxxx, Chairman INITIAL STOCKHOLDERS: ________________________________ Xxxxxxxx X. Xxxxx ________________________________ Xxxxx Xxxx ________________________________ Xxxxx X. Xxxxxxx ________________________________ Xxx Xxxxxx CONTINENTAL STOCK TRANSFER & TRUST COMPANY By:_______________________________ Name: Title: EXHIBIT A Name and Address of Number Stock Date of Initial Stockholder of Shares Certificate Number Insider Letter ------------------- --------- ------------------ -------------- Xxxxxxxx X. Xxxxx 733,334 641,667 1, 5, 9 5 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx Xxxx 133,334 116,667 2, 6, 10 6 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx X. Xxxxxxx 66,666 58,333 3, 7, 11 7 March 3, 2004 c/o Houlihan Xxxxx Xxxxxx & Xxxxx 000 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Xxx Xxxxxx 66,666 58,333 4, 8, 12 8 March 3, 2004 c/o Saybrook Capital, LLC 000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxx Xxxxxx, Xxxxxxxxxx 00000

Liquidation of Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination combination within the time period(s) specified in the Prospectus. WITNESS the execution of this Agreement as of the date first above written. TREMISIS ENERGY ACQUISITION CORPORATION INTERNATIONAL SHIPPING ENTERPRISES, INC. By: _____________________________ Xxxxxxxx X. XxxxxXxxxxxx, Chairman Chairman, Chief Executive Officer and President INITIAL STOCKHOLDERS: ________________________________ Xxxxxxxx X. Xxxxx ________________________________ Xxxxx Xxxx ________________________________ Xxxxx X. Xxxxxxx ________________________________ Xxx Xxxxxx XXXXXXXX XXXXXXX XXXXXXXX XXXXXXXXXXXXX XXXXXXXX XXXXXXXX JULIAN XXXXX XXXXXXXXX XXXX XXXXXXXXX CONTINENTAL STOCK TRANSFER & TRUST COMPANY By:_______________________________ : Name: Title: EXHIBIT A Name and Address of Initial Stockholder Number of Shares Stock Certificate Number Date of Initial Stockholder of Shares Certificate Number Insider Letter ------------------- --------- ------------------ -------------- Xxxxxxxx X. Xxxxx 733,334 1, 5, 9 March 3Xxxxxxx 6,705,882 1,6 October 8, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx Xxxx 133,334 2, 6, 10 March 3Xxxxxxxx Xxxxxxxxxxxxx 352,059 2,7 October 8, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx X. Xxxxxxx 66,666 3, 7, 11 March 3Xxxxxxxx Xxxxxxxx 25,147 3,8 October 8, 2004 c/o Houlihan Julian Xxxxx Xxxxxx & Xxxxx 000 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Xxx Xxxxxx 66,666 4, Xxxxxxxxx 25,147 4,9 October 8, 12 March 32004 Xxxx Xxxxxxxxx 16,765 5,10 October 8, 2004 c/o Saybrook Capital, LLC 000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxx Xxxxxx, Xxxxxxxxxx 000002004

Liquidation of Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Prospectus. WITNESS the execution of this Agreement as of the date first above written. TREMISIS ENERGY EVEREST ACQUISITION CORPORATION By: _____________________________ Xxxxxxxx X. Xxxxx, Chairman INITIAL STOCKHOLDERS: ________________________________ Xxxxxxxx X. Xxxxx ________________________________ Xxxxx Xxxx ________X. Xxxxxxx, Chief Executive Officer INITIAL STOCKHOLDERS: ________________________ Xxxxx X. Xxxxxxx ________________________ X. Xxxx McAfee ________________________ Xxxxxxxx Xxxx ________________________ Xxxx Xxxxxxx ________________________ Po Xxxx Xxx Xxxxxx CONTINENTAL STOCK TRANSFER & TRUST COMPANY By:________________________________ Name: Xxxxxx X. Xxxxxx Title: Chairman EXHIBIT A Name and Address of Initial Stockholder Number of Shares Stock Certificate Number Date of Initial Stockholder of Shares Certificate Number Insider Letter ------------------- --------- ------------------ -------------- Xxxxxxxx X. Xxxxx 733,334 1, 5, 9 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx Xxxx 133,334 2, 6, 10 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx X. Xxxxxxx 66,666 3, 7, 11 March 3, 2004 c/o Houlihan Xxxxx Xxxxxx & Xxxxx 000 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Xxx Xxxxxx 66,666 Xxxxxxx(1) 1,500,000 1 August 4, 82005 X. Xxxx McAfee(1) 1,500,000 0 Xxxxxx 0, 12 March 30000 Xxxxxxxx Xxxx (1) 400,000 3 August 4, 2004 c/o Saybrook Capital2005 Xxxx Xxxxxxx(1) 400,000 4 Xxxxxx 0, LLC 000 Xxxxxxxx Xxxxxxxxx0000 Xx Xxxx Xxx(1) 200,000 5 August 4, Xxxxx 000 Xxxxx Xxxxxx, Xxxxxxxxxx 000002005

Liquidation of Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Prospectus. WITNESS the execution of this Agreement as of the date first above written. TREMISIS ENERGY ACQUISITION CORPORATION By: _____________________________ Xxxxxxxx X. Xxxxx, Chairman INITIAL STOCKHOLDERS: ________________________________ Xxxxxxxx X. Xxxxx ________________________________ Xxxxx Xxxx ________________________________ Xxxxx X. Xxxxxxx ________________________________ Xxx Xxxxxx CONTINENTAL STOCK TRANSFER & TRUST COMPANY By:_______________________________ Name: Title: EXHIBIT A Name and Address of Number Stock Date of Initial Stockholder of Shares Certificate Number Insider Letter ------------------- --------- ------------------ -------------- Xxxxxxxx X. Xxxxx 733,334 1,008,334 1, 5, 9 9, 13 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx Xxxx 133,334 183,334 2, 6, 10 10, 14 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx X. Xxxxxxx 66,666 91,666 3, 7, 11 11, 15 March 3, 2004 c/o Houlihan Xxxxx Xxxxxx & Xxxxx 000 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Xxx Xxxxxx 66,666 91,666 4, 8, 12 12, 16 March 3, 2004 c/o Saybrook Capital, LLC 000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxx Xxxxxx, Xxxxxxxxxx 00000

Liquidation of Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Prospectus. WITNESS the execution of this Agreement as of the date first above written. TREMISIS ENERGY ACQUISITION CORPORATION By: _____________________________ Xxxxxxxx X. Xxxxx, Chairman INITIAL STOCKHOLDERS: ________________________________ Xxxxxxxx X. Xxxxx ________________________________ Xxxxx Xxxx ________________________________ Xxxxx X. Xxxxxxx ________________________________ Xxx Xxxxxx CONTINENTAL AMERICAN STOCK TRANSFER & TRUST COMPANY By:_______________________________ Name: Title: EXHIBIT A Name and Address of Number Stock Date of Initial Stockholder of Shares Certificate Number Insider Letter ------------------- --------- ------------------ -------------- Xxxxxxxx X. Xxxxx 733,334 641,667 1, 5, 9 5 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx Xxxx 133,334 116,667 2, 6, 10 6 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx X. Xxxxxxx 66,666 58,333 3, 7, 11 7 March 3, 2004 c/o Houlihan Xxxxx Xxxxxx & Xxxxx 000 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Xxx Xxxxxx 66,666 58,333 4, 8, 12 8 March 3, 2004 c/o Saybrook Capital, LLC 000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxx Xxxxxx, Xxxxxxxxxx 00000

Liquidation of Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination combination within the time period(s) specified in the Prospectus. WITNESS the execution of this Agreement as of the date first above written. TREMISIS ENERGY BUILDER ACQUISITION CORPORATION CORP. By: _____________________________ Xxxxxxxx Xxxxxxx X. XxxxxXxxxxx, Chairman and Chief Executive Officer INITIAL STOCKHOLDERS: ________________________________ Xxxxxxxx Xxxxxxx X. Xxxxxx Xxxxxxx X. Xxxxx ________________________________ Xxxxx Xxxx ________________________________ Xxxxxxx X. Xxxxxx Xxxxx X. Xxxxxxx ________________________________ Xxx Xxxxxx Xxxxxxxx CONTINENTAL STOCK TRANSFER & TRUST COMPANY By:_______________________________ : Name: Xxxxxx X. Xxxxxx Title: Chairman EXHIBIT A Name and Address of Initial Stockholder Number of Shares Stock Certificate Number Date of Initial Stockholder of Shares Certificate Number Insider Letter ------------------- --------- ------------------ -------------- Xxxxxxxx Xxxxxxx X. Xxxxxx Revocable Trust UTA dated January 24, 2001 0000 Xxxxxxx Xxxxxxxxx, XX Xxxxxxxxxxx, XX 00000 2,500,000 001 July , 2006 Xxxxxxx X. Xxxxx 733,334 10000 Xxx Xxxxxxxx Xxxxx Xxxxxxxxxxx, 5XX 00000 78,125 002 July , 9 March 32006 Xxxxxxx X. Xxxxxx 0000 Xxxxx Xxxxxxx Xx Englewood, 2004 0000 XxxxxxxxCO 80113 78,125 003 July , Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx Xxxx 133,334 2, 6, 10 March 3, 2004 0000 Xxxxxxxx, Xxxxx 000 Xxx Xxxx, Xxx Xxxx 00000 Xxxxx X. Xxxxxxx 66,666 3, 7, 11 March 3, 2004 c/o Houlihan Xxxxx Xxxxxx & Xxxxx 000 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Xxx Xxxxxx 66,666 4, 8, 12 March 3, 2004 c/o Saybrook Capital, LLC 000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxx Xxxxxx, Xxxxxxxxxx 000002006