RETAINED SHARE ESCROW AGREEMENTRetained Share Escrow Agreement • February 16th, 2007 • Ace Comm Corp • Services-computer integrated systems design • Maryland
THIS ESCROW AGREEMENT, dated as of March 24, 2005 (this “Escrow Agreement”), is by and among NOGA CONFINO of 1 Drake Road, Bockley Road, London (the “First Seller”), SPRINGREEL LIMITED (company number 538794), whose registered office is at Union Court, 1 Cook Street, Liverpool, Merseyside L2 4SJ (the “Second Seller,” together with the First Seller, the “Sellers”), ACE*COMM CORPORATION, a Maryland Corporation (“ACE*COMM”) and WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association, as escrow agent hereunder (“Escrow Agent”).
