MANAGEMENT ESCROW AGREEMENTManagement Escrow Agreement • October 20th, 2008 • China Bio Energy Holding Group Co., Ltd. • Petroleum refining • New York
THIS MANAGEMENT ESCROW AGREEMENT (“Agreement”) is made as of October 14, 2008 by and among China Bio Energy Holding Group Co., Ltd. (the “Company”), the Purchaser whose name is set forth on Exhibit A to the Securities Purchase Agreement dated this same date (the “Purchaser” and together with the Company, the “Parties”) and Loeb & Loeb LLP, with offices at 345 Park Avenue, New York, NY 10154 (the “Escrow Agent”).
