Exhibit 99.1
FORM OF
ESCROW AGREEMENT
Between
BANK OF THE WEST
("ESCROW AGENT")
and
CIVILIAN CAPITAL, INC. (THE "UNDERWRITER")
and
XXXXX DEAD, INC. (THE "COMPANY")
I. The Parties.
Civilian Capital Inc., a corporation duly organized and in good standing
under the laws of Delaware (the "Underwriter") and Xxxxx Dead, Inc., a
corporation duly organized and in good standing under the laws of Delaware (the
"Company") (jointly and severally, the "Account Parties"), for the benefit of
investors in the Company's initial public offering of securities (the
"Investors") hereby appoint BANK OF THE WEST ("Escrow Agent") as their Escrow
Agent to render certain services as provided in this Escrow Agreement
("Agreement"), dated June __, 2003.
The Escrow Services under this Agreement will not begin until the Escrow
Agent has received the documentation necessary to establish an account (the
"Account") on its books and has received the escrow property in conformance with
this Agreement.
II. Purpose.
The purpose of this Escrow Agreement is to provide for the escrowing of proceeds
raised in an initial public offering of 900,000 shares of the Company's Series A
Preferred Stock (the "Shares") at a price of $8.75 per share (the "Offering"),
which is being conducted by the Underwriter on a best efforts, "all or none"
basis.
III. The Property.
The Escrow Agent is hereby constituted and appointed the escrow agent hereunder.
As soon as the Securities and Exchange Commission has declared effective the
Company's Registration Statement on Form SB-2 with respect to the Offering (the
"Offering Commencement Date"), the Company will notify the Underwriter and the
Escrow Agent, and will identify the date that is the Offering Commencement Date.
The Underwriter agrees, that at such point, it will deposit all subscriptions
received by it from the Investors ("Offering Proceeds") into an interest bearing
account (the "Escrow Account") to be established by the Escrow Agent for the
benefit of the Investors (the "Escrow Account"). At the time the Underwriter
makes a deposit for a particular Investor, it will forward to the Escrow Agent
the full name and address and taxpayer identification number for such Investor,
together with wire transfer information relating to the Investor's brokerage
account from which its investment in the Offering is being made (the "Brokerage
Account"). From time to time the Underwriter may deliver additional Offering
Proceeds to the Escrow Agent, together with the information referred to in the
preceding sentence. The Underwriter shall transfer to the Escrow Account the
Offering Proceeds from an Investor' Brokerage Account no later than noon of the
next day following the Underwriter's acceptance of an Investor's subscription.
All of the Offering Proceeds, together with any income earned or credited, shall
constitute the assets of the Escrow Account and may be referred to herein as the
"Assets". The Escrow Agent shall provide appropriate delivery instructions to
the Account Parties.
IV. Duration.
A. When the Escrow Agent has received Offering Proceeds representing all of the
Shares being sold in the Offering (an aggregate of $7,875,000), then the Escrow
Agent shall promptly notify the Company and the Underwriter, and, at the written
election of the Company (signed by its Chief Executive Officer), the Escrow
Agent will release such Offering Proceeds, together with all interest accrued
thereon, subject to deduction for expenses (including any fees charged by the
Escrow Agent), promptly to the Company. The written instruction from the Company
shall be accompanied by a written opinion of counsel to the
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Company and by a written confirmation from the Underwriter that all conditions
to the release of the Offering Proceeds have been satisfied.
B. If the Escrow Agent has not received Offering Proceeds representing all of
the Shares being sold in the Offering by close of business on the 90th day after
the Offering Commencement Date (the "Expiration Date"), which Expiration Date
may be extended for an additional 90 days if so elected in writing by the
Company and the Underwriter, with a copy of such election to extend the
Expiration Date to be delivered by the Company to the Escrow Agent, then the
Escrow Agent will release and return the Offering Proceeds to the Investors'
Brokerage Accounts, based on the amount of each Investor's subscription,
together with all interest accrued thereon and without deduction for any
expenses (including any fees charged by the Escrow Agent). Any such expenses,
including all fees charged by the Escrow Agent, shall be immediately payable by
the Company at such time.
V. Authorized Signers; Reliance by Escrow Agent.
A. The Account Parties agree that they shall provide such resolutions or
certifications and other documents as may be necessary to establish the Account
on the Books of the Escrow Agent. The Account Parties agree to provide, on
Exhibit "A," the names and specimen signatures of those who are authorized to
issue notices and instructions to the Escrow Agent and execute required
documents under this Agreement ("Authorized Signers"). This includes the
authority to act under Articles VI (Investments and Income), VIII
(Disbursements) and XII (Right to Consult with Account Parties). The Escrow
Agent is not liable in any respect on account of the identity, authority or
rights of persons executing or delivering, or purporting to execute or deliver,
any written document, notice or communication.
B. The Escrow Agent is entitled to rely on, and shall be fully protected in
relying on: (1) the instructions and notices from any one of the Authorized
Signers from each of the Account Parties, acting alone, until such time as their
authority is revoked in writing, or until successors have been appointed and
identified by notice in the manner described in Article XX, below, (2) any
notice, instruction, instrument, electronic or telephonic transmission, or
signature (including, without limitation, any faxed copy of any such notice,
instruction or instrument) believed by the Escrow Agent in good faith to be
genuine, valid and sufficient, and (3) the information contained in such notices
and instructions. The Escrow Agent has no obligation, duty or responsibility
whatsoever to investigate or determine the accuracy or truthfulness of the
information contained therein.
C. The Escrow Agent may, but is not obligated to, accept oral, electronic, or
facsimile notices and instructions from Authorized Signers. Authorized Signers
will provide the Escrow Agent with written confirmation of all oral notices and
instructions to the Escrow Agent, but the Escrow Agent need not await receipt of
written confirmation of any oral notice or instructions before acting upon them.
A failure on an Authorized Signer's part to provide the Escrow Agent with
written confirmation of any oral notices or instructions shall not invalidate
such notice or instructions, and the Escrow Agent shall incur no liability for
having acted in good faith in the absence of such written confirmation.
VI. Investments and Income.
A. The Escrow Agent shall invest the moneys deposited with the Escrow Agent (and
income earned thereon except as specified below), in government money market
mutual funds only and in compliance with Rule 15c-2(4) of the Securities
Exchange Act of 1934, as amended. The Escrow Agent shall have no liability or
responsibility whatsoever for any loss resulting from any investment made in
compliance with the terms and provisions of this Agreement.
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B. Earnings on the Account will be reported to the appropriate tax authorities
for the account of the Company or the Investors, as the case may be, on IRS Form
1099 or such other substitute form as applicable. The Underwriter shall cause
each Investor to provide the appropriate tax form (W8 or W9) to the Escrow Agent
or such other substitute tax form as applicable, and the Company shall
separately provide to the Escrow Agent its Federal Tax I.D. No. and the
appropriate tax form.
C. Any party hereto that is not a United States corporation must execute the
attached Addendum to this Agreement which is incorporated herein and made a part
hereof.
VII. Authorization to Invest in Mutual Funds Serviced by Escrow Agent and
Affiliates.
Subject to the provisions of the first sentence of Article VI.A, the Escrow
Agent and its Affiliates provide a variety of services to multiple mutual funds,
including but not limited to the Eureka Funds (the "Funds"). These services may
include, but are not limited to, acting as investment adviser, investment
sub-advisor, sponsor, distributor, administrator, custodian, transfer agent,
sub-transfer agent, registrar, shareholder servicer, interfund lending servicer,
special management servicer, fund accountant and other capacities. The Account
Parties understand and agree that, in addition to the compensation paid to the
Escrow Agent for providing services to the Account, the Escrow Agent and its
Affiliates may receive as compensation from the Funds, the Funds' distributor,
any selling agent of the Funds or their distributor, or any other person or
entity, any and all fees which may be paid by the Funds for services rendered to
the Funds or which may be paid as distribution charges or sales compensation ,
including front-end or contingent deferred sales charges, and fees paid pursuant
to a plan established under Rule 12b-1 of the Securities and Exchange Commission
under the Investment Company Act of 1940.
1. Escrow Agent's Authorization to Invest in Mutual Funds Serviced by Escrow
Agent and Affiliates.
If the Account Parties have authorized the Escrow Agent to invest Account assets
in its discretion, they authorize the Escrow Agent to exercise its discretion in
investing Account Assets in the Funds without prior notice to the Account
Parties whenever it is appropriate to the Account's Investment Objective and the
Account Parties acknowledge receipt of a Prospectus of the Funds.
2. Escrow Agent and Affiliates Authorized to Receive Compensation from the Funds
and Others.
The Account Parties agree that (a) the Escrow Agent and its Affiliates can
receive compensation and other benefits for providing services to the Funds
which are in addition to the fees the Escrow Agent receives for providing
services to the Account, (b) the Escrow Agent and its Affiliates may receive
such compensation and other benefits even if the Escrow Agent and its Affiliates
are not in privity of contract with one or more of the Funds, and even if such
fees, distribution charges, or sales compensation are initially paid to another
party prior to being paid to the Escrow Agent and its Affiliates, and (c) the
Escrow Agent need not reduce its Account fees by any compensation or other
benefits the Escrow Agent or its Affiliates receive in connection with the
investment of Assets in the Funds. Depending on the type of investment service
selected, if the Account Parties or the Escrow Agent transfers Assets between
the Funds, the amount of compensation or value of other benefits received by the
Escrow Agent and its Affiliates may increase or decrease.
3. Purchase and Sale of Securities Through Affiliates.
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To the extent permitted by applicable law, the Funds may purchase securities
through or from the Escrow Agent and its Affiliates and may engage in repurchase
transactions with the Escrow Agent and its Affiliates.
VIII. Disbursements.
A. The Escrow Agent shall disburse Account income and Account principal in
accordance with the provisions of Article IV above.
B. All disbursements will be made only as authorized under Article IV or as
otherwise permitted and instructed by Authorized Signers, and the Escrow Agent
shall be fully protected in making such disbursements in such fashion and in
such amounts as provided herein.
C. The Escrow Agent is not responsible for verifying that a disbursement made as
directed under this Agreement is lawful, authorized or appropriate under any
other document or arrangement, or for the application of any disbursement made
from the Account.
D. The Escrow Agent is not required to disburse amounts unless good funds are
available. The Escrow Agent is not required to create an overdraft to disburse
funds.
E. Disbursements may be made pursuant to a mediation or as ordered by an
arbitrator following an arbitration as provided for in Article XV below, or as
ordered by a court of competent jurisdiction following notice of such order
given to the Account Parties by the Escrow Agent.
IX. Duties of the Escrow Agent; Scope of Duties.
The Escrow Agent's duties and their scope are as set forth below or as more
fully set forth in other parts of this Agreement.
A. The Escrow Agent will receive, hold and account for assets only as delivered
to it in conformance with this Agreement. The Escrow Agent has no responsibility
to notify any party of another party's failure to deliver assets to the Escrow
Agent or to enforce the delivery of any assets to it.
B. This Agreement sets forth all of the duties of the Escrow Agent with respect
to any and all matters pertinent thereto, and no implied duties or obligations
whatsoever shall be read into this Agreement. The duties of the Escrow Agent are
ministerial in nature and not discretionary, except as provided in Articles VI
and VII.
C. The Escrow Agent's sole duties hereunder are to invest and disburse the
Escrow Property in accordance with the terms and provisions of this Agreement.
D.Upon the complete disbursement of the Escrow Property in accordance with the
terms and provisions of this Agreement, the Escrow Agent is fully released from
all further obligations or liabilities hereunder.
E.Nothing contained herein shall be construed to create any obligation or
liability whatsoever on the part of the Escrow Agent to anyone other than the
Account Parties. There are no third party beneficiaries to this Escrow.
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F.The Escrow Agent is not bound in any respect whatsoever by any agreement or
contract (other than this Agreement) between the Account Parties (whether or not
the Escrow Agent has knowledge thereof).
X. Reports by the Escrow Agent.
A. The Escrow Agent is not responsible for verifying or authenticating any
property, or the value of any property delivered to it, other than cash or such
similar funds. The Escrow Agent will report the value of money market mutual
funds provided by the Escrow Agent and utilized under this Agreement. The Escrow
Agent will provide market values of the assets in the Account in its periodic
reports for publicly-held or publicly-traded securities, using its normal
pricing services. All other assets, if any, will be reported at the cost or
value as provided to the Escrow Agent by the Account Parties.
B. The Escrow Agent will provide periodic statements to the Account Parties, or
agents of the Account Parties, as so identified. Such statements will set forth
the holdings, the market values (as set forth above) and the transactions, if
any, including purchases, sales or any other disbursement, and income received.
C. The Account Parties have sixty (60) days to object in writing to such
reports. If no written notice has been received by the Escrow Agent within this
period, an acceptance of such reports shall be deemed to have occurred.
D. Pursuant to and in accordance with applicable state securities laws and
regulations, the Escrow Agent shall grant to state securities laws
administrators the right, at reasonable times and upon reasonable notice, to
inspect and make copies of all records relating to this Escrow and the Account,
wherever such records are located.
XI. Right of the Escrow Agent to Consult with Counsel.
The Escrow Agent has the right to consult with counsel in connection with its
duties hereunder and is fully protected by any act, suffered or permitted by it
in good faith in accordance with the advice of such counsel.
XII. Right of the Escrow Agent to Consult with Account Parties.
A. Notwithstanding the receipt of written instructions, if the Escrow Agent is
uncertain as to its duties or rights hereunder, Escrow Agent has the right (but
not the obligation) to request clarification or confirmation by the Account
Parties of any proposed disbursement of any portion of the Account assets or any
other proposed action with respect to the Account prior to taking such action.
B. In the event that, within ten (10) business days after such request the
Escrow Agent has not received notice from any Account Party objecting to such
proposed action, such action shall be deemed confirmed by the Account Parties.
C. In addition, if the Escrow Agent is uncertain as to its duties or rights
hereunder, the Escrow Agent also has the right (but not the obligation) to
refrain from taking any action other than to use its best efforts to keep safely
and preserve the Account (and to keep cash or cash equivalents invested in money
market mutual funds or such other funds or investments as jointly instructed by
the Account Parties in writing) until the Escrow Agent has been directed to
disburse all or any portion of the Account pursuant to a mediation or
arbitration as provided in Article XV, below, or pursuant to an order, decree or
judgment of a court of competent jurisdiction.
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D. If any dispute is not resolved by the parties hereto within ninety (90) days,
the Escrow Agent has the right (but not the obligation) to interplead the
Account assets with a court of competent jurisdiction. Upon the successful
deposit of Account assets with the court, the Escrow Agent is relieved from any
further obligation under this Agreement.
E. The Escrow Agent's reasonable costs and expenses, including, but without
limitation, the fees and expenses of its legal counsel incurred in connection
therewith shall be payable by the Account Parties as provided in Article XIII,
below.
XIII. Compensation. Expenses.
A. The Escrow Agent shall be compensated in accordance with the schedule
attached hereto as Exhibit "B" and incorporated herein by reference. The Fee
Schedule shall be signed by an Authorized Signer as set forth in Article VI,
above.
B. The fees of the Escrow Agent will be paid by the Company, of which a deposit
of $____________ shall be paid by the Company on or prior to the Offering
Commencement Date.
C. The obligation of the Account Parties to pay due and payable fees, costs and
expenses owing to the Escrow Agent shall survive both the termination of this
Agreement and the transactions contemplated hereunder and the resignation or
removal of the Escrow Agent.
XIV. Limitation of Liability; Indemnification.
A. The Escrow Agent is not liable for any mistake of fact or error in judgment,
or for any acts or omissions of any kind made in good faith and believed by it
to be authorized or within the rights or powers conferred by this Agreement. The
Escrow Agent is not responsible for any expense, loss, damage or cost
("damages") arising out of or relating to its performance under this Agreement
other than those money damages actually incurred by the parties to this
Agreement which result directly from the Escrow Agent's gross negligence or
willful misconduct. The Escrow Agent is not responsible for the acts or
omissions of any other parties, employees or agents (including but not limited
to the amount, accuracy, timeliness of delivery or due authorization of any
instructions) or the acts or omissions of any other person or entity. The Escrow
Agent is not liable for and will be excused from any failure or delay in
performing its obligations under this Agreement if: (i) such failure or delay is
caused by circumstances beyond the Escrow Agent's reasonable control (including
but not limited to legal constraint, emergency conditions, action or inaction of
governmental, civil or military authority, fire, labor dispute, war, riot,
theft, natural disaster, or equipment failure, or (ii) the Escrow Agent
reasonably believed that its action would have violated any law, guideline, rule
or regulation of any governmental authority. No such failure or delay will
constitute a breach of this Agreement.
B. The Account Parties, jointly and severally, covenant and agree to indemnify,
defend and hold the Escrow Agent, its parent, subsidiaries, affiliates, and
their respective directors, officers, employees and agents (the "Indemnified
Parties") harmless against any loss, liability, expense, cost, damage, penalty,
action or suit, including, without limitation, claims of third parties and the
reasonable fees, charges and expenses of Escrow Agent's outside and internal
legal counsel, arising out of or in connection with the subject matter of this
Agreement, including, without limitation, transactions directly or indirectly
related hereto, except that the Escrow Agent is not indemnified against any
loss, liability or expense arising out of the Escrow Agent's gross negligence or
willful misconduct.
C. Anything in this Escrow Agreement to the contrary notwithstanding, in no
event shall the Escrow Agent be liable for special, indirect or consequential
loss or damage of any kind whatsoever (including,
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but not limited to lost profits), even if the Escrow Agent has been advised of
the likelihood of such loss or damage and regardless of the form of action.
D. The obligations of the Account Parties to indemnify, defend and hold the
Indemnified Parties harmless shall survive both the termination of this
Agreement and the transactions contemplated hereunder and the resignation of the
Escrow Agent.
XV.Arbitration; Provisional Remedies.
It is understood and agreed that upon the request of any party to this
Agreement, any dispute, claim, or controversy of any kind, whether in contract
or in tort, statutory or common law, legal or equitable now existing or
hereinafter arising between the parties in any way arising out of, pertaining to
or in connection with this Agreement shall be resolved through a two-step
dispute resolution process administered by Judicial Arbitration & Mediation
Services, Inc. ("J-A-M-S") as follows:
A. Step I - Mediation. At the request of any party to the dispute, claim or
controversy, the matter shall be referred to the nearest office of J-A-M-S for
mediation; that is, an informal, non-binding conference or conferences between
the parties in which a retired judge or justice for the J-A-M-S panel will seek
to guide the parties to a resolution of the case.
B. Step II - Arbitration. Should any dispute, claim or controversy remain
unresolved at the conclusion of the Step I Mediation Phase, then all such
remaining matters shall be resolved by final and binding arbitration before a
different judicial panelist, unless the parties shall agree to have the mediator
panelist act as arbitrator. The hearing shall be conducted at a location
determined by the arbitrator in Los Angeles, California, and shall be
administered by and in accordance with the then existing Rules of Practice and
Procedure of Judicial Arbitration & Mediation Service, Inc., and judgment upon
any award rendered by the arbitrator may be entered by any State or Federal
Court having jurisdiction thereof. The arbitrator shall determine which is the
prevailing party and shall include in the award that party's reasonable
attorney's fees and costs.
As soon as practicable after selection of the arbitrator, the arbitrator or
his/her designated representative shall determine a reasonable estimate of
anticipated fees and costs of the arbitrator, and render a statement to each
party setting forth that party's pro-rata share of said fees and costs.
Thereafter, each party shall, within ten (10) days of receipt of the statement,
deposit the said sum with the arbitrator. Failure of any party to make such a
deposit shall result in a forfeiture by the non-depositing party of their right
to prosecute or defend the claim which is the subject of the arbitration, but
shall not otherwise serve to xxxxx, stay or suspend the arbitration proceedings.
C. Provisional Remedies, Self-Help and Foreclosure. No provision of, or the
exercise of any right(s) under this Article XV, nor any other provision of the
dispute resolution provision set forth in this Article XV, shall limit the right
of any party to exercise self-help remedies such as set off, to foreclose
against any real or personal property collateral, or obtain provisional or
ancillary remedies such as injunctive relief or the appointment of a receiver
from any court having jurisdiction before, during or after the pendency of any
arbitration. The institution and maintenance of an action for provisional
remedies, pursuit of provisional or ancillary remedies, or exercise of self help
remedies shall not constitute a waiver of the right of any party, including the
plaintiff, to submit the controversy or claim to arbitration.
D. The Account Parties agree that any of the proceedings under this Article XV
shall, for the purposes of Section 47 of the California Civil Code, be a
judicial proceeding.
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XVI. Waiver of Jury Trial.
THE ACCOUNT PARTIES AND THE ESCROW AGENT EACH SHALL WAIVE THEIR RESPECTIVE
RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING
OUT OF OR RELATED TO THIS AGREEMENT, IN ANY ACTION, PROCEEDING OR OTHER
LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES HERETO AGAINST ANY OTHER
PARTY OR PARTIES, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR
OTHERWISE. THE PARTIES HERETO EACH AGREE THAT ANY SUCH CLAIM OR CAUSE OF ACTION
SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING,
THE PARTIES HERETO FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY
IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM OR OTHER
PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR
ENFORCEABILITY OF THIS AGREEMENT OR ANY PROVISION HEREOF. THIS WAIVER SHALL
APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO
THIS AGREEMENT.
XVII. Resignation or Removal.
A. The Escrow Agent may resign upon thirty (30) days' written notice to the
Account Parties. Upon expiration of the thirty (30) days' written notice, the
Escrow Agent is fully released from any further obligation to perform any duties
whatsoever imposed on the Escrow Agent hereunder, except for rendering
statements until all Account assets are transferred out of the Account.
B. The Escrow Agent may be removed upon thirty (30) days' written notice from
Account Parties to the Escrow Agent.
C. In the event of resignation or removal, a successor shall be appointed by the
Account Parties to receive the assets as of the end of the effective date of
resignation or removal.
D. In the event the Account Parties fail to appoint a successor within the
thirty-day period, the Escrow Agent may pay over, or otherwise deliver the
Escrow assets to a court of competent jurisdiction.
XVIII. Modification.
This Agreement shall not be modified or amended except by a written instrument
signed by all of the parties hereto.
XIX. Governing Law.
(a) This Agreement shall be governed by the laws of the State of California
applicable to contracts negotiated and entered into and performed wholly within
the State. The parties designate Los Angeles, California, as the exclusive
jurisdiction for any dispute arising hereunder, and agree that any such dispute,
if not heard as provided for in Article XV, above, shall be heard and determined
before an appropriate federal or state court located in Los Angeles, California.
The parties acknowledge that such courts have the jurisdiction to hear and
determine any such dispute, and the parties hereto waive any and all objections
that they may have as to personal jurisdiction or venue in any of such courts.
XX. Notices; Form.
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A. Unless otherwise agreed to by the parties hereto, all notices required to be
given hereunder shall be in writing, shall be sent by national overnight courier
service or by certified or registered mail, return receipt requested. Such
notices shall be sent to the applicable party or parties at the addresses
following their signatures below or to such other address as may be furnished in
writing by the parties.
B. Any such notice shall be deemed to have been received (1) in the case of
national overnight courier service, on the next business day after the date
sent, and (2) in the case of mail, on the third business day following posting.
C. Notices to the Escrow Agent shall be in a manner acceptable to the Escrow
Agent.
XXI. Entire Agreement; Severability; Binding Effect.
A. This Agreement contains the entire agreement of the parties hereto and
supersedes any prior or oral agreements among them concerning the subject matter
contained herein. There are no representations, agreements, arrangements, or
understandings, oral or written, between and among the parties relating to the
subject matter contained in this Agreement which are not fully expressed herein.
B. If any section, sentence, clause or provision of this Agreement shall for any
reason whatsoever be held to be invalid or unenforceable, the invalidity or
unenforceability of such section, clause or provision shall not affect any of
the remaining provisions of this Agreement.
C. This Agreement shall inure to the benefit of, and be binding upon, the
assigns, successors in interest, personal representatives, estates, heirs, and
legatees of each of the parties hereto.
XXII. Representations of the Parties.
Each of the parties hereto hereby represents and warrants that as of the date
hereof: (a) it has the power and authority to execute and deliver this Agreement
and to perform its obligations hereunder, and all such actions have been duly
and validly authorized by all necessary proceedings; and (b) this Agreement has
been duly authorized, executed and delivered by it, and constitutes a legal,
valid and binding agreement of it.
IN WITNESS HEREOF, the parties have executed this Agreement as of the date
first above written.
ACCOUNT PARTIES:
XXXXX DEAD, INC. CIVILIAN CAPITAL, INC.
By: By:
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NAME: NAME:
--------------------------- ------------------------------
TITLE: TITLE:
-------------------------- -----------------------------
DATE: DATE:
--------------------------- ------------------------------
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ADDRESS: ADDRESS:
-------------------------- -------------------------
Tel. No.: Tel No.:
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FAX No.: FAX No.:
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ESCROW AGENT:
BANK OF THE WEST
By: By:
------------------------------- ------------------------------
NAME: NAME:
----------------------------- ----------------------------
TITLE: TITLE:
---------------------------- ---------------------------
DATE: DATE:
----------------------------- ----------------------------
ADDRESS: Tel No.:
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FAX No.:
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35.
EXHIBIT A
AUTHORIZED SIGNERS
:
--------------------------
ACCOUNT PARTY
NAME SPECIMEN SIGNATURE
1
-------------------------------- ----------------------------------------
2
-------------------------------- ----------------------------------------
3
-------------------------------- ----------------------------------------
4
-------------------------------- ----------------------------------------
36.
:
--------------------------
ACCOUNT PARTY
NAME SPECIMEN SIGNATURE
1
-------------------------------- ----------------------------------------
2
-------------------------------- ----------------------------------------
3
-------------------------------- ----------------------------------------
4
-------------------------------- ----------------------------------------
37.
EXHIBIT 99.1
EXHIBIT B
FEE SCHEDULE
ACCEPTED:
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Account Party Account Party
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Authorized Signer Authorized Signer
