0001137091-08-000217 Sample Contracts

FUNDS ESCROW AGREEMENT
Funds Escrow Agreement • May 5th, 2008 • General Environmental Management, Inc • Hazardous waste management • New York

This Funds Escrow Agreement (this “Agreement”) is dated as of October 31, 2007 among General Environmental Management, Inc., a Nevada corporation (the “GEVM-NV”), General Environmental Management, Inc., a Delaware corporation (the “GEVM-DE”), General Environmental Management of Rancho Cordova, LLC (“Rancho”), GEM Mobile Treatment Services Inc. (“GEM”)(collectively, the “Company”), Valens U.S. SPV I, LLC (“Valens US”), Valens Offshore SPV II, Corp. (“Valens Offshore” and together with Valens US, the “Purchasers”) and Loeb & Loeb LLP (the “Escrow Agent”).

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