ESCROW AGREEMENTEscrow Agreement • August 20th, 2009 • Colonial Commercial Corp • Wholesale-hardware & plumbing & heating equipment & supplies • New York
ESCROW AGREEMENT dated as of this 20th day of August 2009, by and among Colonial Commercial Corp., a New York corporation (the “Company”), AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, a financial institution chartered under the laws of the State of New York (the “Agent”) and the Investors executing this agreement (the “Investors”).
DEPOSITARY AGREEMENTDepositary Agreement • August 20th, 2009 • Colonial Commercial Corp • Wholesale-hardware & plumbing & heating equipment & supplies • New York
Colonial Commercial Corp. (the “Purchaser”), is offering to purchase any and all of the outstanding shares of convertible preferred stock, $.05 par value per share, (the “Preferred Stock” or “Shares”), of Colonial Commercial Corp., Cusip # 195621 503, Tax ID # 11-2037182 (the “Company”), for $1.25 per share of Preferred Stock (the “Offer Price”), net to the seller in cash upon the terms and conditions set forth in the Offer to Purchase dated August 20, 2009 (the “Offer to Purchase”) and in the related Letter of Transmittal, copies of which are attached hereto as Exhibit A and Exhibit B, respectively, and which, together with any amendments or supplements thereto constitute the “Offer”. The “Expiration Date” for the Offer shall be 12:00 Midnight New York City time, on September 22, 2009 unless and until the Purchaser shall have extended the period of time during which the Offer is open, in which event the term “Expiration Date” shall mean the latest time and date at which the Offer, as
