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                                  Exhibit 10.1
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                               SEMTECH CORPORATION
                         LONG-TERM STOCK INCENTIVE PLAN
                            (As Amended and Restated)

1. THE PLAN

   (a) Purpose. The purpose of this Long-Term Stock Incentive Plan (the "Plan")
is to promote the longer-term financial success of Semtech Corporation (the
"Company") by providing a means to attract, retain and award individuals who can
and do contribute to such success. By using stock-based compensation, the
recipients of awards under the Plan will further identify their interests with
those of the Company's stockholders.

   (b) Effective Date. To serve this purpose, the Plan will become effective
upon its approval by the affirmative vote of a majority of the shares present or
represented by proxy at the Company's 1998 Annual Meeting of Stockholders.

2. ADMINISTRATION

   (a) Committee. The Plan shall be administered by a Committee, appointed by
the Board of Directors of the Company. So long as the Company's common stock,
par value $.01 per share ("Common Stock") remain registered under the Securities
Exchange Act of 1934, as amended (the "Exchange Act") and Section 16
Participants may receive awards, any committee authorized by the Board to
administer the Plan shall be comprised solely of two or more directors of the
Company who are Non-Employee Directors within the meaning of Rule 16b-3(b)(3)(i)
promulgated under the Exchange Act. Notwithstanding the foregoing, the Board of
Directors of the Company (the "Board") may assume, at its sole discretion,
administration of the Plan. The administrator of the Plan, whether a committee
of the Board or the full Board, is referred to herein as the "Plan
Administrator."

   (b) Powers and Authority. The Plan Administrator's powers and authority
include, but are not limited to, selecting individuals who are (1) employees of
the Company or any subsidiary of the Company or other entity in which the
Company has a significant equity or other interest as determined by the Plan
Administrator, or (2) members of the Board; determining the types and terms and
conditions of all awards granted, including performance and other earnout and/or
vesting contingencies; permitting transferability of awards to third parties;
interpreting the Plan's provisions; and administering the Plan in a manner that
is consistent with its purpose.

   (c) Award Prices. For Plan purposes, all stock options and stock appreciation
rights shall have an exercise price which shall reflect the average traded price
of a share of Common Stock, on the date as determined by the Plan Administrator,
or if the Common Stock is not traded on such date, the average price on the next
preceding day on which such Common Stock is traded. The applicable date shall be
the date on which the award is granted.

3. SHARES SUBJECT TO THE PLAN

  (a) Maximum Shares Available for Delivery. Subject to Section 3(c), the
maximum number of shares of Common Stock that may be delivered to participants
and their beneficiaries under the Plan shall be equal to the sum of (i)
2,000,000 shares of Common Stock; (ii) any shares of Common Stock available for
future awards under the Company's 1994 Long-Term Stock Incentive Plan as of the
effective date of this Plan; (iii) any shares of Common Stock available for
future awards under the Company's 1994 Non-Employee Directors Stock Option Plan
as of the effective date of this Plan; (iv) any shares of Common Stock that are
represented by awards granted under any prior plan of the Company, which are
forfeited, expire or are canceled without the delivery of shares of Common Stock
or which result in the forfeiture of shares of Common Stock back to the Company;
and (v) up to 2,000,000 additional shares of Common Stock, if authorized by the
Board, which are reacquired in the open market or in a private transaction after
the effective date of this Plan. Collectively the shares of Common Stock subject

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to this Plan are referred to herein as "Shares." In addition, any Shares granted
under the Plan which are forfeited back to the Company because of the failure to
meet an award contingency or condition shall again be available for delivery
pursuant to new awards granted under the Plan. Any Shares covered by an award
(or portion of an award) granted under the Plan, which is forfeited or canceled,
expires or is settled in cash, shall be deemed not to have been delivered for
purposes of determining the maximum number of Shares available for delivery
under the Plan. Likewise, if any stock option is exercised by tendering Shares,
either actually or by attestation, to the Company as full or partial payment in
connection with the exercise of a stock option under this Plan or any prior plan
of the Company, only the number of Shares issued net of the Shares tendered
shall be deemed delivered for purposes of determining the maximum number of
Shares available for delivery under the Plan. Further, Shares issued under the
Plan through the settlement, assumption or substitution of outstanding awards or
obligations to grant future awards as a condition of the Company acquiring
another entity shall not reduce the maximum number of Shares available for
delivery under the Plan.

  (b) Other Plan Limits. Subject to Section 3(c), the following additional
maximums are imposed under the Plan. The maximum number of Shares that may be
covered by stock options intended to comply with Section 422 of the Internal
Revenue Code of 1986, as amended (the "Code"), ("Incentive Stock Options") shall
be 2,000,000. The maximum number of Shares that may be issued in conjunction
with awards granted pursuant to Section 4(d) shall be 600,000 plus up to an
additional 600,000 to the extent that such Shares are reacquired by the Company
pursuant to Section 3(a). The maximum number of Shares that may be covered by
awards granted to any one individual pursuant to Sections 4(b) and 4(c) shall be
500,000 during any consecutive three calendar years. The maximum payment that
can be made for awards granted to any one individual pursuant to Sections 4(d)
and 4(e) shall be $2,500,000 for any single or combined performance goals
established for a specified performance period. If a payment under Sections 4(d)
or 4(e) is made in Shares, the value of such Shares for determining this maximum
individual payment amount will be the closing price of a Share on the first day
of the applicable performance period. A specified performance period for
purposes of this performance goal payment limit shall not exceed a sixty (60)
consecutive month period.

  (c) Payment Shares. Subject to the overall limitation on the number of Shares
that may be delivered under the Plan, the Plan Administrator may use available
Shares as the form of payment for compensation, grants or rights earned or due
under any other compensation plans or arrangements of the Company, including the
plan of any entity acquired by the Company.

  (d) Adjustments for Corporate Transactions. The Plan Administrator may
determine that:

  (i) In the event that the outstanding shares of Common Stock of the Company
are changed into or exchanged for a different number or kind of shares or other
securities of the Company by reason of any recapitalization, reclassification,
stock split, stock dividend, combination or subdivision, appropriate adjustment
shall be made in the number of shares available under the Plan and under any
stock awards granted under the Plan. Such adjustment to outstanding stock awards
shall be made without change in the total price applicable to the unexercised
portion of such awards, and a corresponding adjustment in the applicable option
price per share shall be made. No such adjustment shall be made which would,
within the meaning of any applicable provisions of the Code, constitute a
modification, extension or renewal of any award or a grant of additional
benefits to the holder of an award.

  (ii) In case (A) the Company is merged or consolidated with another
corporation or other entity and the Company is not the surviving corporation,
(B) all or substantially all of the assets or more than 50% of the outstanding
voting stock of the Company is acquired by any other corporation or other entity
or (C) of a reorganization or liquidation of the Company, the Plan Administrator
or the governing body of any entity assuming the obligations of the Company,
shall, as to outstanding awards, either (x) make appropriate provision for the
protection of any such outstanding awards by the substitution on an equitable
basis of appropriate stock of the Company, or of the merged, consolidated or
otherwise reorganized corporation which will be issuable in respect of the
shares of Common Stock of the Company, provided that no additional benefits
shall be conferred upon participants as a result of such substitution, and the
excess of the aggregate fair market value of the shares subject to the awards
immediately after such substitution over the purchase price thereof is not more
than the excess of the aggregate fair market value of the shares subject to the
award immediately before such substitution over the purchase price thereof, or

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(y) upon written notice to the participants, provide that all unexercised awards
must be exercised within a specified number of days of the date of such notice
or they will be terminated. In any such case, the Plan Administrator may, in its
discretion, accelerate the exercise dates of outstanding awards; provided,
however, that subsections (iii) and (iv) of this paragraph (d) shall govern
acceleration of awards with respect to the events described therein. (iii) In
case of (A) any consolidation or merger involving the Company if the
shareholders of the Company immediately before such merger or consolidation do
not own, directly or indirectly, immediately following such merger or
consolidation, more than fifty percent (50%) of the combined voting power of the
outstanding voting securities or interests of the corporation (or its parent
corporation) or other entity resulting from such merger or consolidation in
substantially the same proportion as their ownership of the shares of Common
Stock immediately before such merger or consolidation; (B) any sale, lease,
license, exchange or other transfer (in one transaction or a series of related
transactions) of all, or substantially all, of the business and/or assets of the
Company or assets representing over 50% of the operating revenue of the Company;
or (C) any person (as such term is used in Sections 13(d) and 14(d) of the
Exchange Act who is not, on April 16, 1998, a "controlling person" (as defined
in Rule 405 promulgated under the Securities Act of 1933, as amended) (a
"Controlling Person") of the Company shall become (x) the beneficial owner
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of over
50% of the Company's outstanding Common Stock or the combined voting power of
the Company's then outstanding voting securities entitled to vote generally or
(y) a Controlling Person of the Company, all outstanding awards, regardless of
the date of grant of such awards, shall immediately become exercisable with
respect to 100% of the Shares subject to such awards. This paragraph 3(d)(iii)
shall apply only to awards granted prior to October 3, 2001 and to awards
granted on or after October 3, 2001 to participants who are non-employee
directors on the date of grant.

  (iv) In the event of the termination without cause of a participant within one
year following a Change in Control (as defined below) or a Constructive
Termination (as defined below) of a participant, all outstanding awards,
regardless of the date of grant of such awards, shall immediately become
exercisable with respect to 100% of the Shares subject to such awards.

For purposes of this paragraph 3(d)(iv), "Constructive Termination" shall mean
participant's voluntary termination within one year following participant's
knowledge of the occurrence of any of the following: (A) a reduction in
participant's base salary after a "Change in Control" (as defined below) from
that in effect immediately prior to the Change in Control; or (B) a material or
substantial reduction or change in job duties, responsibilities and requirements
after a Change in Control from participant's prior duties, responsibilities and
requirements immediately prior to the Change in Control. Notwithstanding the
foregoing, a termination shall not be treated as a Constructive Termination if
the participant shall have specifically consented in writing to the occurrence
of the event giving rise to the claim of Constructive Termination.

For purposes of this paragraph 3(d)(iv), "Change in Control" shall mean the
occurrence of any of the following events with respect to the Company: (A) any
consolidation or merger involving the Company if the shareholders of the Company
immediately before such merger or consolidation do not own, directly or
indirectly, immediately following such merger or consolidation, more than fifty
percent (50%) of the combined voting power of the outstanding voting securities
or interests of the corporation (or its parent corporation) or other entity
resulting from such merger or consolidation in substantially the same proportion
as their ownership of the shares of Common Stock immediately before such merger
or consolidation; (B) any sale, lease, license, exchange or other transfer (in
one transaction or a series of related transactions) of all, or substantially
all, of the business and/or assets of the Company or assets representing over
50% of the operating revenue of the Company; or (C) any person (as such term is
used in Sections 13(d) and 14(d) of the Exchange Act) who is not, on October 3,
2001, a Controlling Person of the Company shall become (x) the beneficial owner
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of over
50% of the Company's outstanding Common Stock or the combined voting power of
the Company's then outstanding voting securities entitled to vote generally or
(y) a Controlling Person of the Company.

This paragraph 3(d)(iv) shall apply only to awards granted on or after October
3, 2001 to participants who on the date of grant are other than non-employee
directors.

4. TYPES OF AWARDS

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  (a) General. An award may be granted singularly, in combination with another
award(s) or in tandem whereby exercise or vesting of one award held by a
participant cancels another award held by the participant. Any award granted
under the Plan shall be evidenced by a written agreement in form and substance
satisfactory to the Plan Administrator. These agreements must conform to the
Plan. The Plan Administrator may include such terms, consistent with the Plan,
as it determines in its discretion. Subject to Section 2(c), an award may be
granted as an alternative to or replacement of an existing award under the Plan
or under any other compensation plans or arrangements of the Company, including
the plan of any entity acquired by the Company. The types of awards that may be
granted under the Plan include:

  (b) Stock Option. A stock option represents a right to purchase a specified
number of Shares during a specified period at a price per Share which is no less
than that required by Section 2(c). A stock option may be in the form of an
incentive stock option or in a form which does not qualify for favorable federal
tax treatment. The Shares covered by a stock option may be purchased by means of
a cash payment or such other means as the Plan Administrator may from time to
time permit, including without limitation (i) tendering (either actually or by
attestation) Shares valued using the market price at the time of exercise, (ii)
authorizing a third party to sell Shares (or a sufficient portion thereof)
acquired upon exercise of a stock option and to remit to the Company a
sufficient portion of the sale proceeds to pay for all the Shares acquired
through such exercise and any tax withholding obligations resulting from such
exercise; (iii) crediting toward the purchase price amounts from individuals'
deferred compensation account balances, including accrued dividend equivalent
balances; or (iv) any combination of the above.

 (c) Stock Appreciation Right. A stock appreciation right is a right to receive
a payment in cash, Shares or a combination, equal to the excess of the aggregate
market price at time of exercise of a specified number of Shares over the
aggregate exercise price of the stock appreciation rights being exercised.

  (d) Stock Award. A stock award is a grant of Shares or of a right to receive
Shares (or their cash equivalent or a combination of both) in the future. Each
stock award shall be subject to such conditions, restrictions and contingencies
as the Plan Administrator shall determine. These may include continuous service
and/or the achievement of performance goals. The performance goals that may be
used by the Plan Administrator for such awards shall consist of cash generation
targets, profit, revenue and market share targets, profitability targets as
measured by return ratios, and shareholder returns. The Plan Administrator may
designate a single goal criterion or multiple goal criteria for performance
measurement purposes with the measurement based on absolute Company or business
unit performances and/or on performance as compared with that of other
publicly-traded companies.

  (e) Cash Award. A cash award is a right denominated in cash or cash units to
receive a payment, which may be in the form of cash, Shares or a combination,
based on the attainment of pre-established performance goals and such other
conditions, restrictions and contingencies as the Plan Administrator shall
determine. The performance goals that may be used by the Plan Administrator for
such awards shall consist of cash generation targets, profits, revenue and
market share targets, profitability targets as measured by return ratios and
shareholder returns. The Plan Administrator may designate a single goal
criterion or multiple goal criteria for performance measurement purposes with
the measurement based on absolute Company or business unit performance and/or on
performance as compared with that of other publicly-traded companies.

  (f) Special Provisions for Incentive Stock Options. Stock Options granted
under the Plan which are intended to be Incentive Stock Options shall be
specifically designated as Incentive Stock Options and shall be subject to the
following additional terms and conditions: (i) Dollar Limitation. The aggregate
fair market value (determined as of the respective date or dates of the grant)
of the Shares with respect to which Incentive Stock Options granted to any
employee under the Plan (and under any other incentive stock option plans of the
Company and any parent corporation and subsidiary) are exercisable for the first
time shall not exceed $100,000 in any one calendar year. In the event that
Section 422 of the Code is amended to alter the limitation set forth therein so
that following such amendment such limitation shall differ from the limitation
set forth in this paragraph (i), the limitation of this paragraph (i) shall be
automatically adjusted accordingly.

  (ii) 10% Stockholder. If any employee to whom an Incentive Stock Option is
to be granted under the Plan is at the time of the grant of such option the
owner

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of stock possessing more than 10% of the total combined voting power of all
classes of stock of the Company or of any parent corporation or any subsidiary,
then the following special provisions shall be applicable to the Incentive Stock
Option granted to such individual:

   (A) The purchase price per Share subject to such Incentive Stock Options
shall not be less than 110% of the fair market value of one share of Common
Stock at the time of grant; and

   (B) The option exercise period shall not exceed five years from the date of
grant.

  (iii) Section 422. All Incentive Stock Options shall otherwise comply with the
provisions of Section 422 of the Code, as the same shall be amended from time to
time.

5. AWARD SETTLEMENT AND PAYMENTS

  (a) Dividends and Dividend Equivalents. An award may contain the right to
receive dividends or dividend equivalent payments which may be paid currently
credited to a participant's account. Any such crediting of dividends or dividend
equivalents or reinvestment in Shares may be subject to such conditions,
restrictions and contingencies as the Plan Administrator shall establish,
including the reinvestment of such credited amounts in Share equivalents.

  (b) Payments. Awards may be settled through cash payments, the delivery of
Shares, the granting of awards or combination thereof as the Plan Administrator
shall determine. Any award settlement, including payment deferrals, may be
subject to such conditions, restrictions and contingencies as the Plan
Administrator shall determine. The Plan Administrator may permit or require the
deferral of any award payment, subject to such rules and procedures as it may
establish, which may include provisions for the payment or crediting of
interest, or dividend equivalents, including converting such credits into
deferred Share equivalents.

6. PLAN AMENDMENT AND TERMINATION

  (a) Amendments. The Company's Board of Directors may amend this Plan as it
deems necessary and appropriate to better achieve the Plan's purpose; provided
however, that any amendment to the Plan which would require approval of the
Company's stockholders under applicable law, or under the rules or guidelines of
any exchange or automatic quotation system on which the Shares are traded or
included, then, in any of such events, such stockholder approval of any such
amendment shall also be obtained.

  (b) Plan Suspensions and Termination. The Board of Directors of the Company
may suspend or terminate this Plan at any time. Any such suspension or
termination shall not of itself impair any outstanding award granted under the
Plan or the applicable participant's rights regarding such award. If not earlier
terminated, this Plan shall terminate upon the tenth anniversary of the
effective date of the Plan. Unless an earlier termination is specified, awards
granted under the Plan shall terminate upon the tenth anniversary of their date
of grant.

7. MISCELLANEOUS

  (a) No Individual Rights. No person shall have any claim or right to be
granted an award under the Plan. Neither the Plan nor any action taken hereunder
shall be construed as giving any employee or other person any right to continue
to be employed by or to perform services for the Company, any subsidiary or
related entity. The right to terminate the employment of or performance of
services by any Plan participant at any time and for any reason is specifically
reserved to the employing entity.

  (b) Binding Arbitration. Any dispute or disagreement regarding participation
and/or an award recipient's rights under the Plan shall be settled solely by
binding arbitration in accordance with the applicable rules of the American
Arbitration Association.

  (c) Unfunded Plan. The Plan shall be unfunded and shall not create (or be
construed to create) a trust or a separate fund or funds. The Plan shall not
establish any fiduciary relationship between the Company and any participant or

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beneficiary of a participant. To the extent any person holds any obligation of
the Company by virtue of an award granted under the Plan, such obligation shall
merely constitute a general unsecured liability of the Company and accordingly
shall not confer upon such person any right, title or interest in any assets of
the Company.

  (d) Other Benefit and Compensation Programs. Unless otherwise specifically
determined by the Plan Administrator, settlements of awards received by
participants under the Plan shall not be deemed a part of a participant's
regular, recurring compensation for purposes of calculating payments or benefits
from any Company benefit plan or severance program. Further, the Company may
adopt other compensation programs, plans or arrangements as it deems
appropriate.

  (e) No Fractional Shares. No fractional Shares shall be issued or delivered
pursuant to the Plan or any award, and the Plan Administrator shall determine
whether cash shall be paid or transferred in lieu of any fractional Shares, or
whether such fractional Shares or any rights thereto shall be canceled.

  (f) Special Provision Regarding Termination of Directorship. If a participant
that is a member of the Board terminates his or her services as a member of the
Board by reason of death, disability or retirement (as defined by the Plan
Administrator in the written agreement evidencing the award to such Board
member), an award granted hereunder held by such person shall be automatically
accelerated with respect to its exercisability and shall become immediately
exercisable in full for the remaining number of Shares subject to such award for
three years after the date of such termination or until the expiration of the
stated term of such award, whichever period is shorter, and thereafter such
award shall terminate; provided, however, that if such person dies or suffers a
disability during said three-year period after retirement such award shall
remain exercisable in full for a period of three years after the date of such
death or disability or until the expiration of the stated term of such award,
whichever period is shorter, and thereafter such award shall terminate. If a
participant that is a member of the Board terminates his or her services as a
member of the Board for any other reason, any portion of an award granted
hereunder held by such person which is not then exercisable shall terminate and
any portion of such award which is then exercisable may be exercised for three
months after the date of such termination or until the expiration of the stated
term of such award, whichever period is shorter, and thereafter such award shall
terminate; provided, however, that if such person dies or suffers a disability
during such three month period, such award may be exercised for a period of one
year after the date of such person's death or disability or until the expiration
of the stated term of such award, whichever period is shorter, in accordance
with its terms, but only to the extent exercisable on the date of such person's
death or disability.

                                                            01-03-02

                                       24Exhibit 4.2
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                                ESCROW AGREEMENT

     This Escrow Agreement (the "Escrow Agreement") dated as of June 11, 2002 is
by and among Wentworth II, Inc., a Delaware corporation (the "Company"), Key
Bank National Association, located at 3300 East First Avenue, Denver, Colorado
80206 (the "Escrow Agent") and Corporate Stock Transfer, Inc., a Colorado
corporation (the "Administrator").

                                    RECITALS

      WHEREAS, the Company is offering for sale to the public 50,000 shares
(the "Shares") of Common Stock, par value $0.01 per share, of the Company, at a
price of $1.00 per share;

     WHEREAS, the Shares are being offered on a "best efforts, all or none"
basis in accordance with the terms and conditions set forth in the prospectus
dated __________, 2002 (the "Prospectus") included in the Company's Registration
Statement on Form SB-2 (SEC File No. 333-74952), as amended (the "Registration
Statement");

      WHEREAS, the public offering of the Shares is subject to and is being
conducted in accordance with Rule 419 of the Securities Act of 1933, as amended
(the "Securities Act") pertaining to public offerings by companies commonly
referred to as "blank check companies";

     WHEREAS, the public offering of the Shares commenced on the date of the
Prospectus and will end the earlier of the receipt and acceptance by the Company
of subscriptions for 50,000 Shares or 90 days after the date of the Prospectus;

     WHEREAS, subscribers for Shares shall deposit with the Escrow Agent, by
check or wire transfer payment, the aggregate subscription price for the Shares
subscribed for;

     WHEREAS, all funds representing the subscription price of Shares subscribed
for shall be deposited and held in an escrow account (the "Escrow Account")
established by and maintained with the Escrow Agent as an insured depositary
institution within the meaning of Rule 419(b)(1)(i)(A) of the Securities Act;

     WHEREAS, the Company desires to appoint the Escrow Agent as the escrow
agent for the Escrow Account, on the terms and conditions set forth herein in
order to comply with the requirements of Rule 419 of the Securities Act and the
requirements of Section 11-51-302(6) of the Colorado Securities Act;

     WHEREAS, if subscriptions for 50,000 Shares have not been received and
accepted by the Company and $50,000 of funds have not been deposited into the
Escrow Account within 90 days after the date of the Prospectus, all funds and
interest, if any, shall be returned promptly to the subscribers;

<PAGE>

     WHEREAS, if subscriptions for 50,000 Shares have been received and accepted
by the Company and $50,000 of funds have been deposited into the Escrow Account
within 90 days after the date of the Prospectus, the Company will deposit into
the Escrow Account stock certificates in the name of each subscriber
representing the number of Shares purchased from the Company;

     WHEREAS, if subscriptions for 50,000 Shares have been received and accepted
by the Company and $50,000 of funds have been deposited into the Escrow Account
within 90 days after the date of the Prospectus, the escrowed funds and the
stock certificates deposited by the Company shall be held in the Escrow Account
for a period thereafter of up to 18 months after the date of the Prospectus (the
"Post-Offering Period") until the escrowed funds and the escrowed stock
certificates are released and delivered in accordance with the terms and
conditions set forth herein;

     WHEREAS, the escrowed Shares being held in the Escrow Account may not be
transferred except in accordance with the terms and conditions set forth herein;
and

     WHEREAS, the Administrator agrees to provide certain administrative
services in connection with establishing and maintaining the Escrow Account
including, but not limited to, receiving checks from and corresponding with
subscribers; and

     WHEREAS, the Escrow Agent agrees to serve as escrow agent in accordance
with the terms and conditions set forth herein.

     NOW, THEREFORE, in consideration of the mutual agreements set forth below,
the parties hereby agree as follows:

     1.   Appointment of Escrow Agent and Establishment of Escrow Account.
          ----------------------------------------------------------------

     The Company hereby appoints the Escrow Agent as the escrow agent hereunder
in accordance with the terms and conditions set forth herein, and the Escrow
Agent hereby accepts such appointment. The Escrow Agent shall establish and
maintain the separate Escrow Account in the name of "Wentworth II, Inc. Escrow
Account" as an insured depositary institution within the meaning of Rule
419(b)(1)(i)(A) of the Securities Act. The Escrow Account shall not bear
interest until subscriptions for 50,000 Shares have been received and accepted
by the Company. After such receipt and acceptance the Escrow Account shall bear
interest. The Escrow Account shall be maintained and administered and the
escrowed funds and the escrowed securities shall be released and delivered in
accordance with the terms and conditions set forth herein.

     2.   Deposit of Funds.
          ----------------

     (a) All funds received by the Escrow Agent from subscribers for the Shares
shall be deposited and held in the Escrow Account. The Escrow Agent is hereby
empowered on behalf of the Company to endorse and collect all checks, drafts, or
other instruments received on account of subscriptions for Shares. Any check
returned unpaid to the Escrow Agent shall be returned by the Escrow Agent to the
subscriber. In such cases, the Escrow Agent shall promptly notify the Company of
such return. The Escrow Agent shall provide information to the Company as to the
funds deposited into the Escrow Account and the collection status of such funds.
As used herein, "collection" means the normal process by which a bank clears
checks and collects

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funds thereon. The Company shall provide information to the Escrow Agent as to
each subscriber's name, address, number of Shares subscribed for and the
subscription price paid therefor, and such other information concerning the
subscribers as the Escrow Agent may reasonably request.

     (b) If the Company rejects any subscription for which the Escrow Agent has
collected funds from the subscriber, the Escrow Agent shall promptly issue a
refund check to the rejected subscriber. If the Company rejects any subscription
for which the Escrow Agent has not collected funds but has submitted the
subscriber's check for collection, the Escrow Agent shall, upon receipt of
written instructions from the Company, promptly issue a check for the amount of
the subscriber's check to the rejected subscriber after the Escrow Agent has
cleared such funds. If the Escrow Agent has not submitted a rejected
subscriber's check for collection, the Escrow Agent shall, upon receipt of
written instructions from the Company, promptly remit the subscriber's check
directly to the subscriber.

     (c) All funds received by the Escrow Agent pursuant to this Escrow
Agreement and deposited and held in the Escrow Account may be invested in
short-term United States government securities, including treasury bills, cash
and cash equivalents.

     (d) The Administrator may act on behalf of the Company or the Escrow Agent,
as applicable, with respect to administrative services related to establishing
and maintaining the Escrow Account and related to issuances of shares of the
Company including, but not limited to, (i) receiving checks from subscribers and
delivering them to the Escrow Agent for deposit in the Escrow Account, (ii)
sending checks to subscribers, (iii) receiving correspondence or documentation
related to any subscription for shares in the Company and responding to such
correspondence or documentation, (iv) keeping records of subscriptions and
issuances of shares, including maintaining a share transfer ledger, (v)
receiving share certificates for deposit in the Escrow Account from the Company,
(vi) transmitting share certificates to subscribers from the Escrow Account,
(vii) acting as a liason between the Escrow Agent and the Company and (viii)
other matters incidental or related to the foregoing administrative matters.

     3. Status of Funds. Until all funds in the Escrow Account are disbursed in
accordance with the terms and conditions of this Escrow Agreement, all funds
deposited into the Escrow Account shall be considered the property of the
subscribers. The funds deposited and held in the Escrow Account shall not become
the property of the Company or subject to its debts or obligations, unless and
until such funds have been disbursed to the Company in accordance with the terms
and conditions of this Escrow Agreement. The Escrow Agent shall not make any
disbursements of funds from the Escrow Account except as expressly provided
herein.

     4. Return of Funds if the Offering is not Fully Subscribed. If
subscriptions for all 50,000 Shares have not been received and accepted by the
Company and $50,000 of funds have not been deposited into the Escrow Account
within 90 days after the date of the Prospectus, all funds and interest thereon,
if any, shall be returned promptly to the subscribers without deduction,
penalty, or expense.

                                       3
<PAGE>

     5.   Deposit of Certificates if the Offering is Fully Subscribed.
          ------------------------------------------------------------

     If subscriptions for all 50,000 Shares have been received and accepted by
the Company and $50,000 of funds have been deposited into the Escrow Account
within 90 days after the date of the Prospectus, the Company shall deposit into
the Escrow Account share certificates issued in the names of each subscriber for
the number of Shares sold by the Company to each subscriber. The share
certificates certificates shall be held in the Escrow Account during the
Post-Offering Period and shall not be released or delivered by the Escrow Agent
except as expressly provided herein.

     6. Retention of Funds in the Escrow Account if the Offering is Fully
        Subscribed.
        -----------------------------------------------------------------

     If subscriptions for all 50,000 Shares have been received and accepted by
the Company and $50,000 of funds have been deposited into the Escrow Account
within 90 days after the date of the Prospectus, the funds shall be held in the
Escrow Account during the Post-Offering Period and shall not be disbursed by the
Escrow Agent except as expressly provided herein.

     7.   Transfer of Securities Held in the Escrow Account.
          --------------------------------------------------

     The shares held in the Escrow Account shall not be transferred other than
by will or the laws of descent and distribution, or pursuant to a qualified
domestic relations order as defined by the Internal Revenue Code of 1986 as
amended or Title I of the Employee Retirement Income Security Act, or the rules
thereunder. In no event, however, shall any shares held in the Escrow Account be
released or delivered by the Escrow Agent except as expressly provided elsewhere
herein.

     8. Distributions from the Escrow Account.
        -------------------------------------

     (a) The Escrow Agent shall make distributions of the funds held in the
Escrow Account during the Post-Offering Period in accordance with the
instructions set forth in Schedule A attached hereto.

     (b) The Escrow Agent shall make distributions of the share certificates
held in the Escrow Account during the Post-Offering Period in accordance with
the instructions set forth in Schedule B attached hereto.

     (c) The parties agree that all records relating to transactions made
pursuant to the Escrow Agreement and the Escrow Account shall be available, at
all reasonable times, for inspection, examination and reproduction by any party
hereto, or any representative of any of the parties hereto, and such persons are
authorized to examine and audit the Escrow Account pursuant hereto and the
Escrow Agent is expressly authorized and directed to permit such examination and
audit.

     9. Exculpation and Indemnification of Escrow Agent and Administrator.
        -----------------------------------------------------------------

     9.1. The Escrow Agent and the Administrator shall have no duties or
responsibilities other than those expressly set forth herein. The Escrow Agent
and the Administrator shall have no duty to enforce any obligation of any person
to make any payment or delivery, or to direct or cause any payment or delivery
to be made, or to enforce any obligation of any person to perform any other act.
The Escrow Agent and the Administrator shall be under no liability to the other
parties hereto or to anyone else by reason of any failure on the part of any
party hereto or any maker, guarantor, endorser or other signatory of any
document or

                                       4
<PAGE>

any other person to perform such person's obligations under such document.
Except for amendments to this Agreement referred to below, and except for
instructions given to the Escrow Agent or the Administrator by the Company and
the subscribers relating to the Escrow Account, the Escrow Agent or the
Administrator, as applicable, shall not be obligated to recognize any agreement
between any and all of the persons referred to herein, notwithstanding that
references thereto may be made herein and whether or not it has knowledge
thereof.

     9.2. The Escrow Agent and the Administrator shall not be liable to the
Company or to anyone else for any action taken or omitted by it, or any action
suffered by it to be taken or omitted, in good faith and in the exercise of its
own best judgment. The Escrow Agent and the Administrator may rely conclusively
and shall be protected in acting upon any order, notice, demand, certificate,
opinion or advice of counsel (including counsel chosen by the Escrow Agent),
statement, instrument, report or other paper or document (not only as to its due
execution and the validity and effectiveness of its provisions, but also as to
the truth and acceptability of any information therein contained), which is
believed by the Escrow Agent or the Administrator, as applicable, to be genuine
and to be signed or presented by the proper person or persons. The Escrow Agent
and the Administrator shall not be bound by any notice or demand, or any waiver,
modification, termination or rescission of this Escrow Agreement or any of the
terms thereof, unless evidenced by a writing delivered to the Escrow Agent or
the Administrator, as applicable, signed by the proper party or parties and, if
the duties or rights of the Escrow Agent or the Administrator, as applicable,
are affected, unless it shall give its prior written consent thereto.

     9.3. The Escrow Agent and the Administrator shall not be responsible for
the sufficiency or accuracy of the form of, or the execution, validity, value or
genuineness of, any document or property received, held or delivered by it
hereunder, or of any signature or endorsement thereon, or for any lack of
endorsement thereon, or for any description therein, nor shall the Escrow Agent
or the Administrator be responsible or liable to the other parties hereto or to
anyone else in any respect on account of the identity, authority or rights of
the persons executing or delivering or purporting to execute or deliver any
document or property pursuant to the provisions of this Agreement. Except as
specifically provided for herein, the Escrow Agent and the Administrator shall
have no responsibility with respect to the use or application of any funds or
other property paid or delivered by the Escrow Agent or the Administrator
pursuant to the provisions hereof. The Escrow Agent and the Administrator shall
not be liable to the Company or to anyone else for any loss which may be
incurred by reason of any investment of any monies which it holds hereunder
provided the Escrow Agent or the Administrator, as applicable, has complied with
the provisions of Section 2 hereunder.

     9.4. The Escrow Agent and the Administrator shall have the right to assume
in the absence of written notice to the contrary from the proper person or
persons that a fact or an event by reason of which an action would or might be
taken by the Escrow Agent or the Administrator, as applicable, does not exist or
has not occurred, without incurring liability to the other parties hereto or to
anyone else for any action taken or omitted, or any action suffered by it to be
taken or omitted, in good faith and in the exercise of its own best judgment, in
reliance upon such assumption.

                                       5
<PAGE>

     9.5. To the extent that the Escrow Agent or the Administrator becomes
liable for the payment of taxes, including withholding taxes, in respect of
income derived from the investment of funds held hereunder or any payment made
hereunder, the Escrow Agent or the Administrator, as applicable, may pay such
taxes. The Escrow Agent or the Administrator, as applicable, may withhold from
any payment of monies held by it hereunder such amount as the Escrow Agent or
the Administrator, as applicable, estimates to be sufficient to provide for the
payment of such taxes not yet paid, and may use the sum withheld for that
purpose. The Escrow Agent and the Administrator shall be indemnified and held
harmless against any liability for taxes and for any penalties or interest in
respect of taxes, on such investment income or payments in the manner provided
in Section 9.6.

     9.6. The Escrow Agent and the Administrator will be indemnified and held
harmless by the Company from and against any and all expenses, including
reasonable counsel fees and disbursements, or loss suffered by the Escrow Agent
or the Administrator, as applicable, in connection with any action, suit or
other proceeding involving any claim, or in connection with any claim or demand,
which in any way, directly or indirectly, arises out of or relates to this
Escrow Agreement, the services of the Escrow Agent or the Administrator, as
applicable, hereunder, the monies or other property held by it hereunder or any
income earned from investment of such monies; provided, that such expenses or
loss are not as a result of the Escrow Agent or the Administrator, as
applicable, acting, or omitting to take action, in bad faith or with willful
misconduct or gross negligence. Promptly after the receipt by the Escrow Agent
or the Administrator, as applicable, of notice of any demand or claim or the
commencement of any action, suit or proceeding, the Escrow Agent or the
Administrator, as applicable, shall, if a claim in respect thereof is to be made
against the Company, notify the Company thereof in writing, but the failure by
the Escrow Agent or the Administrator, as applicable, to give such notice shall
not relieve the Company from any liability which the Company may have to the
Escrow Agent or the Administrator hereunder. For the purposes hereof, the term
"expense or loss" shall include all amounts paid or payable to satisfy any
claim, demand or liability, or in settlement of any claim, demand, action, suit
or proceeding settled with the express written consent of the Escrow Agent, and
all costs and expenses, including, but not limited to, reasonable counsel fees
and disbursements, paid or incurred in investigating or defending against any
such claims, demand, action, suit or proceeding.

     9.7. Notwithstanding anything herein to the contrary, no party to this
Agreement shall be indemnified for violations of Section 11-51-302(6)(b) of the
Colorado Securities Act.

     10. Termination of Escrow Agreement and Resignation of Escrow Agent.
         ---------------------------------------------------------------

     10.1. This Escrow Agreement shall terminate on the final disposition of the
monies and property held in the Escrow Account hereunder, provided that the
rights of the Escrow Agent and the Administrator and the obligations of the
other parties hereto under Sections 9 and 11 shall survive the termination
hereof.

     10.2. The Escrow Agent may resign at any time and be discharged from its
duties as Escrow Agent hereunder by giving the Company and the subscribers at
least 30 days' notice thereof. As soon as practicable after its resignation, the
Escrow Agent shall turn over to a

                                       6
<PAGE>

successor escrow agent appointed by the Company all monies and property held
hereunder upon presentation of the document appointing the new escrow agent and
its acceptance thereof. If no new Escrow Agent is so appointed within the 60-day
period following such notice of resignation, the Escrow Agent may deposit the
aforesaid monies and property with any court it deems appropriate.

     10.3. The Administrator may resign at any time and be discharged from its
duties as the Administrator hereunder by giving the Company and the subscribers
at least 30 days' notice thereof. As soon as practicable after its resignation,
the Administrator shall turn over to a successor administrator appointed by the
Company all records, documents or other property of the Company held hereunder
upon presentation of the document appointing the new administrator and its
acceptance thereof. If no new administrator is so appointed within the 60-day
period following such notice of resignation, the administrator may deposit the
aforesaid records, documents and property with the Company.

     11. Form of Payments by Escrow Agent.
         --------------------------------

     11.1. Any payments by the Escrow Agent to subscribers or to the persons
other than the Company pursuant to the terms of this Escrow Agreement shall be
made by check, payable to the order of each respective subscriber or other
person.

     11.2. All amounts referred to herein are expressed in United States Dollars
and all payments by the Escrow Agent shall be made in such dollars.

     12. Compensation.
         ------------

     12.1. For services rendered, the Escrow Agent shall receive an annual fee
of $250 as compensation. The Escrow Agent shall also be entitled to
reimbursement from the Company for all expenses paid or incurred by it in the
administration of its duties hereunder, including, but not limited to, all
counsel, advisors' and agents' fees and disbursements and all reasonable taxes
or other governmental charges. No such fee, reimbursement for costs and
expenses, indemnification or any damages incurred by the Escrow Agent or any
monies whatsoever shall be paid out of or chargeable to the subscription funds
held in the Escrow Account.

     12.2. For services rendered, the Administrator shall receive an annual fee
of $500 as compensation. The Administrator shall also be entitled to
reimbursement from the Company for all expenses paid or incurred by it in the
administration of its duties hereunder, including, but not limited to, all
counsel, advisors' and agents' fees and disbursements and all reasonable taxes
or other governmental charges. No such fee, reimbursement for costs and
expenses, indemnification or any damages incurred by the Adminstrator or any
monies whatsoever shall be paid out of or chargeable to the subscription funds
held in the Escrow Account.

                                       7
<PAGE>

     13.  Notices.
          --------

     Unless expressly provided herein to the contrary, notices hereunder shall
be in writing, and delivered by telecopier, overnight express mail, first-class
postage prepaid, delivered personally or by receipted courier service. All such
notices which are mailed shall be deemed delivered upon receipt and all such
notices shall be addressed as follows (or to such other address as any party
hereto may from time to time designate by notice duly given in accordance with
this paragraph):

        If to the Company, to:

                Wentworth II, Inc.
                650 So. Cherry Street, Suite 420
                Denver, CO 80246

        If to the Escrow Agent, to:

                Key Bank National Association
                3300 East First Avenue
                Denver, Colorado 80206

        If to the Administrator, to:

                Corporate Stock Transfer, Inc.
                3200 Cherry Creek Drive South, Suite 430
                Denver, Colorado 80209

        14.      Miscellaneous.
                 -------------

     (a) Choice of Law and Jurisdiction. This Escrow Agreement shall be governed
by and construed in accordance with the law of the State of Colorado as applied
to agreements made and to be performed entirely in Colorado. The parties to this
Agreement hereby agree that jurisdiction over such parties and over the subject
matter of any action or proceeding arising under this Agreement may be exercised
by a competent court of the State of Colorado or by a United States Court
sitting in Denver, Colorado exclusively. The parties agree that delivery or
mailing of any process or other papers in the manner provided herein, or in such
other manner as may be permitted by law, shall be valid and sufficient service
thereof.

     (b) Benefits and Assignment. Nothing in this Agreement, expressed or
implied, shall give or be construed to give any person, firm or corporation,
other than the parties hereto and their successors and assigns, any legal claim
under any covenant, condition or provision hereof, all the covenants,
conditions, and provisions contained in this Agreement being for the sole
benefit of the parties hereto and their successors and assigns. No party may
assign any of its rights or obligations under this Escrow Agreement without (i)
the written consent of all the other parties, which consent may be withheld in
the sole discretion of the party whose consent is sought and (ii) the written
agreement of the transferee that it will be bound by the provisions of this
Agreement.

                                       8
<PAGE>

     (c) Counterparts. This Agreement may be executed in several counterparts,
each one of which shall constitute an original, and all
collectively shall constitute but one instrument.

     (d) Amendment and Waiver. This Agreement may be modified only by a written
amendment signed by all the parties hereto, and no waiver of any provision
hereof shall be effective unless expressed in a writing signed by the party to
be charged.

     (e) Headings. The headings of the sections hereof are included for
convenience of reference only and do not form part of this Agreement.

     (f) Entire Agreement. This Agreement contains the complete agreement of the
parties with respect to its subject matter and supersedes and replaces any
previously made proposals, representation, warranties or agreements with respect
thereto by any of the parties hereto.

              [THE REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK]

                                       9
<PAGE>

     IN WITNESS WHEREOF, the parties have duly executed this Escrow Agreement as
of the date first written above.

                                         COMPANY

                                         WENTWORTH II, INC.

                                         By:  /s/ Kevin R. Keating
                                              ---------------------------------
                                              Name:    Kevin R. Keating
                                              Title:   President

ESCROW AGENT

KEY BANK NATIONAL ASSOCIATION

By:  /s/ Denise Garcia
     ---------------------------------
     Name:  Denise Garcia
     Title: VP

ADMINISTRATOR

CORPORATE STOCK TRANSFER, INC.

By:  /s/ Carylyn Bell
     ---------------------------------
     Name:  Carylyn Bell
     Title: President

           [SIGNATURE PAGE TO ESCROW AGREEMENT OF WENTWORTH II, INC.]

<PAGE>

                                   SCHEDULE A
                                   ----------

          1. Release of Escrow Assets to the Company. Funds and interest, if
any, held in the Escrow Account (the "Escrow Assets") shall be released to the
Company in accordance with the following:

               (a) The Escrow Agent shall not release the Escrow Assets to the
Company prior to:

                    (i)  receipt by the Escrow Agent of a signed representation
                         from the Company, together with other evidence
                         acceptable to the Escrow Agent, that the Company has
                         completed a transaction or series of transactions in
                         which the Company has entered into a specific line of
                         business, and a written confirmation that the fair
                         market value (as determined by the Company, based upon
                         standards generally accepted by the financial
                         community, including revenues, earnings, cash flow and
                         book value) of the business(es) or net assets to be
                         acquired exceeds eighty percent of the maximum offering
                         proceeds described in the Registration Statement, as
                         required by the Registration Statement and in which at
                         least 50% of the gross offering proceeds is committed
                         to a specific line of business (as defined in Section
                         11-51-302(6) and Rule 51-3.4 promulgated thereunder);
                         and

                    (ii) the satisfaction of all other conditions required to be
                         satisfied by the Company for the release of the Escrow
                         Assets, including all those set forth in (A) Rule
                         419(e) of the Securities Act and (B) the provisions of
                         Section 11-51-302(6) and Rule 51-3.4 promulgated under
                         the Colorado Securities Act, including the expiration
                         of more than nine (9) days after the receipt by the
                         Colorado Commissioner of Securities of a notice of the
                         proposed release of funds or upon the authorization of
                         the Commissioner of any earlier release.

The Escrow Agent shall not be responsible for the sufficiency or accuracy of the
form of, or the execution, validity, value or genuineness of, any document
received in connection with this Section 1(a) of this Schedule A, or of any
signature or endorsement thereon, or for any lack of endorsement thereon, or for
any description therein, nor shall the Escrow Agent be responsible or liable to
the other parties to this Agreement or to anyone else in any respect on account
of the identity, authority or rights of the persons executing or delivering or
purporting to execute or deliver any such document.

          (b) Subject to Section 1(a) above, the Escrow Agent shall release to
the Company, promptly after the Company has deposited stock certificates
representing the 50,000 Shares into the Escrow Account, an amount equal to 10%
of the funds held in the Escrow Account.

<PAGE>

          (c) Subject to Section 1(a) above, the Escrow Agent shall release to
the Company the balance of the funds held in the Escrow Account and interest, if
any (after deducting therefrom the amount of funds and interest, if any,
disbursed to the subscribers in accordance with the provisions of paragraph 2
below), promptly upon receipt by the Escrow Agent of a certificate of an
authorized officer of the Company representing and warranting that:

               (i) The Company has filed a post-effective amendment to its
Registration Statement (the "Post-Effective Amendment") with the Securities and
Exchange Commission ("SEC"); the Post-Effective Amendment has been declared
effective by the SEC; and within five business days after the effective date of
the Post-Effective Amendment, the Company has sent a copy of the prospectus
contained therein to the subscribers by first class mail or equally prompt
means; and

               (ii) The Company has consummated a business combination with an
operating business in compliance with the requirements of Rule 419 of the
Securities Act within 18 months after the date of the Prospectus.

          2. Disbursement of Funds to the Subscribers. Funds and interest, if
any, held in the Escrow Account (after deducting therefrom the amount of funds
and interest, if any, released to the Company in accordance with the provisions
of paragraph 1(b) above) shall be disbursed to the subscribers in accordance
with the following:

          (a) If the Company has not received written notification from any
subscriber by the 45th business day following the effective date of the
Post-Effective Amendment to the Company's Registration Statement that such
subscriber has elected to remain an investor, the Escrow Agent shall send to
such subscriber, within five business days, such subscriber's pro rata share of
the funds and interest, if any, held in the Escrow Account.

          (b) If the Company has not consummated a business combination meeting
the requirements of Rule 419 of the Securities Act within 18 months after the
date of the Prospectus, the Escrow Agent shall send to each subscriber, within
five business days after such date, each subscriber's pro rata share of the
funds and interest, if any, held in the Escrow Account.

<PAGE>

                                   SCHEDULE B
                                   ----------

          1. Delivery of Certificates to the Subscribers. Share certificates
held in the Escrow Account shall be delivered to the subscribers in accordance
with the following:

               (a) The Escrow Agent shall deliver to each subscriber identified
by the Company as having timely elected to remain an investor, promptly after
receipt by the Escrow Agent of the officer's certificate described in paragraph
1(c) of Schedule A to the Escrow Agreement, the share certificates registered in
the name of each such subscriber.

          2. Return of Certificates to the Company. Share certificates held in
the Escrow Account shall be returned to the Company in accordance with the
following:

               (a) The Escrow Agent shall return all of the share certificates
to the Company if the Company has not consummated a business combination with an
operating business in compliance with the requirements of Rule 419 of the
Securities Act within 18 months after the date of the Prospectus.

               (b) The Escrow Agent shall return to the Company all share
certificates registered in the name of any subscriber identified in a notice
from an authorized officer of the Company as not having timely elected to remain
an investor, provided that such subscriber's pro rata share of the funds, and
interest, if any, held in the Escrow Account on account of the purchase of the
Shares has been returned to such subscriber in accordance with paragraph 2(a) of
Schedule A to the Escrow Agreement.

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