Exhibit 99.1
ESCROW AGREEMENT
Westamerica Bank agrees to hold subscription funds for investors on record in
the office of Xxxxxxxx Advisors, Inc. in an escrow account. All of the proceeds
shall be released to Xxxxxxxx Advisors, Inc. upon receipt of a letter from
Xxxxxxxx Advisors, Inc. stating:
1. Xxxxxxxx Advisors, Inc., has received subscriptions for at least
450,000 shares of common stock. (the "Minimum Offering").
If this event has not occurred by the close of business on December 31, 2001 (or
such subsequent date not later than 90 days thereafter as Xxxxxxxx Advisors,
Inc. specified to Westamerica Bank in writing prior thereto) all of the investor
funds will be returned by cashiers check payable to the individual investors as
reported by Xxxxxxxx Advisors, Inc., and delivered to Xxxxxxxx Advisors, Inc.
for delivery to the subscribers. Any interest earned on the funds will be
released to Xxxxxxxx Advisors, Inc., net any bank service charges.
Accepted 30th day of July, 2001
By: /s/ By: /s/
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Westamerica Bank Xxxxxxxx Advisors, Inc.
