Escrow AgreementEscrow Agreement • September 2nd, 2010 • Allied Defense Group Inc • Ordnance & accessories, (no vehicles/guided missiles) • Delaware
This Escrow Agreement (this “Agreement”) is made as of September 1, 2010, by and among U.S. Bank National Association (“Escrow Agent”), Chemring Group PLC, a company organized under the laws of England and Wales (“Chemring”), The Allied Defense Group, Inc., a Delaware corporation (“ADG”), Mecar USA, Inc., a Delaware corporation (“USA”), and ARC Europe, SA, a Société anonyme organized under the laws of Belgium (“ARC,” and together with ADG and USA, the “ADG Parties”). Terms not otherwise defined herein shall have the respective meanings ascribed to them in the Purchase Agreement (as defined below). If the terms of this Agreement conflict in any way with the provisions of the Purchase Agreement, then the provisions of the Purchase Agreement shall control. This Agreement shall become effective as of the Effective Time.
