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 an Acquisition Transaction within the time period(s) specified in the Registration Statement. WITNESS the execution of this Agreement as of the date first above written. By: Name: Title: By: Name: Title: WITNESS the execution of this Agreement as of the date first above written. AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Escrow Agent By: Name: Title: Selway Capital Holdings, LLC 2,200,000 [_____ ] Total 2,200,000 Selway Capital Holdings, LLC 431,250 (1) [_____ ] Total 431,250 [_____ ] Selway Capital Holdings, LLC 431,250 (1) [_____ ] Total 431,250 [_____ ] (1) Up to 56,250 shares (an aggregate of 112,500 shares) subject to forfeiture pursuant to Section 3.1 of this Agreement.

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 an Acquisition Transaction within the time period(s) specified in the Registration Statement. WITNESS the execution of this Agreement as of the date first above written. By: Name: Title: By: Name: Title: WITNESS the execution of this Agreement as of the date first above written. AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Escrow Agent By: Name: Title: Selway Capital Holdings, LLC 2,200,000 2,333,333 [_____ ] Total 2,200,000 2,333,333 Selway Capital Holdings, LLC 431,250 395,313 (1) [_____ ] Total 431,250 395,313 [_____ ] Selway Capital Holdings, LLC 431,250 395,312 (1) [_____ ] Total 431,250 395,312 [_____ ] (1) Up to 56,250 51,563 shares (an aggregate of 112,500 103,125 shares) subject to forfeiture pursuant to Section 3.1 of this Agreement.

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 an Acquisition Transaction within the time period(s) specified in the Registration Statement. WITNESS the execution of this Agreement as of the date first above written. By: Name: Title: By: Name: Title: WITNESS the execution of this Agreement as of the date first above written. AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Escrow Agent By: Name: Title: Selway Capital Holdings, LLC 2,200,000 2,333,333 [_____ ] Total 2,200,000 2,333,333 Selway Capital Holdings, LLC 431,250 287,500 (1) [_____ ] Total 431,250 287,500 [_____ ] Selway Capital Holdings, LLC 431,250 287,500 (1) [_____ ] Total 431,250 287,500 [_____ ] (1) Up to 56,250 37,500 shares (an aggregate of 112,500 75,000 shares) subject to forfeiture pursuant to Section 3.1 of this Agreement.