Termination and Release of Escrow Agreement Sample Contracts

TERMINATION AND RELEASE OF ESCROW AGREEMENT
Termination and Release of Escrow Agreement • August 6th, 2010 • Genesis Solar Corp • Blank checks

GENESIS SOLAR CORPORATION, a Colorado corporation (“Buyer”), and GENESIS ENERGY INVESTMENT PLC, an Hungarian entity operating as a public company whose common stock is traded on the Budapest Stock Exchange (“Seller”), and OPPENHEIM LAW FIRM, as escrow agent (“Escrow Agent”) are parties to that certain Escrow Agreement dated as of May 25, 2010 pursuant to which Buyer has deposited 14,146,093 shares of the Buyer’s common stock and certain other documents pursuant to the terms of said Escrow Agreement, and Seller has deposited certain documents, all as described in the Escrow Agreement.

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