HOLD-BACK SHARE ESCROW AGREEMENTHold-Back Share Escrow Agreement • January 22nd, 2004 • Evolving Systems Inc • Services-computer programming services • Colorado
This Hold-Back Share Escrow Agreement (this "Agreement"), dated as of November 3, 2003 (the "Closing Date"), by and among: Evolving Systems, Inc., a Delaware corporation ("Parent"); John M. Cullen, Jr., an individual resident of the state of Ohio, in his capacity as the representative of the Company Shareholders ("Representative"), and in his capacity as one of the Company Shareholders, and each other shareholder of CMS Communications, Inc., an Ohio corporation ("Company"), listed as a signatory hereto (collectively with John M. Cullen, Jr., the "Company Shareholders"); and Wells Fargo Bank West, N.A., as escrow agent ("Escrow Agent").
