STOCK PLEDGE DEED AND STOCK ESCROW AGREEMENTStock Pledge Deed and Stock Escrow Agreement • March 8th, 2013 • VelaTel Global Communications, Inc. • Radiotelephone communications • Hong Kong
The parties to this Stock Pledge Deed and Stock Escrow Agreement (“Stock Pledge Agreement”), entered into as of March 3, 2013, are China Motion Holdings Limited and ChinaMotion InfoServices Limited (collectively, “Seller”) and Gulfstream Capital Partners, Ltd. (“Buyer”). Seller is also referred to herein as “Interim Escrow Agent.” Subject to future amendment, the Parties intend that the material terms of this Stock Pledge Agreement shall also apply to a “Substitute Escrow Agent.” Interim Escrow Agent and Substitute Escrow Agent are sometimes referred to collectively as “Escrow Agent.” Buyer, Seller and Escrow Agent are sometimes referred to herein jointly as the “Parties,” and Buyer and Seller are sometimes referred to herein jointly as the “Business Parties.”
