HOLDBACK FUNDS AGREEMENTHoldback Funds Agreement • August 7th, 2006 • Kronos Inc • Services-prepackaged software • Massachusetts
This HOLDBACK FUNDS AGREEMENT (this “Agreement”) is dated as of the 31st day of July, 2006, by and among Kronos Incorporated, a Massachusetts corporation (the “Buyer”), Brian Ascher, a natural person (the “Securityholder Representative”) acting as representative of the Indemnifying Securityholders (as defined below), and U.S. Bank National Association, a national banking association (the “Escrow Agent”), as escrow agent.
