INDEMNIFICATION SHARES ESCROW AGREEMENTIndemnification Shares Escrow Agreement • May 29th, 2015 • Akoustis Technologies, Inc. • Services-prepackaged software • New York
Contract Type FiledMay 29th, 2015 Company Industry JurisdictionThis Indemnification Shares Escrow Agreement (the “Agreement”) is entered into as of May 22, 2015, by and among Akoustis Technologies, Inc. (formerly known as Danlax, Corp.), a Nevada corporation (the “Parent”), Jeffrey B. Shealy, a North Carolina resident (the “Indemnification Representative”), and CKR Law LLP, as escrow agent (the “Escrow Agent”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Merger Agreement (as defined below).