Document:

Milliennium Group Worldwide Inc. Exhibit 10.1 8/17/2007

ESCROW AGREEMENT (PUBLIC OFFERING)

AGREEMENT
          made this  28 day of May, 2007 by and among The Millennium Group
Worldwide,

Inc., whose address is: 2825 North 10th Street, St. Augustine, Florida 32084, (the "lssuer") and Miami

Escrow Services, Inc., whose address is: 2520 SW 22nd Street, Suite 2-143, Coral Gables, Florida 33145,

(the "Escrow Agent").

WITNESSETH:

WHEREAS, the lssuer has filed with the Securities and Exchange Commission (the

"Commission") a registration statement (the "Registration Statement") covering a proposed public offering

of its securities as described on the information Sheet;

WHEREAS the lssuer proposes to offer the Securities for sale to the public with respect to the

Minimum Securities Amount and Minimum Dollar Amount and at the price per share or other unit all as

set forth on the information Sheet;

WHEREAS the lssuer proposes to establish an .escrow account (the "Escrow Account"), to

which subscription monies which are received by the Escrow Agent and the Escrow Agent is willing to

establish the Escrow Account on the terms and subject to the conditions hereinafter set forth; and

WHEREAS, the Escrow Agent will establish a bank account (the "Bank Account") at an FDlC

insured financial institution located in the State of Florida into which the subscription monies received by

the Escrow Agent are to be deposited to the Escrow Account;

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained,

the parties hereto hereby agree as follows:

1.

 Information Sheet. Each capitalized term not otherwise defined in this Agreement shall

have the meaning set forth for such term on the information sheet which is attached to this Agreement

and is incorporated by reference herein and made a part hereof (the "information Sheet").

2.

 Establishment of the Bank Account.

      2.1  The Escrow Agent shall establish a non-interest-bearing bank account at an FDlC insured

financial institution located in the State of Florida selected by the Escrow Agent, and bearing the

designation set forth on the Information Sheet (heretofore defined as the "Bank Account"). The purpose of

the Bank Account is for (a) the deposit of all subscription monies (checks, cash or wire transfers) which

are received by the Escrow Agent from prospective purchasers of the Securities, (b) the holding of

amounts of subscription monies which are collected through the banking system, and (c) the

disbursement of collected funds, all as described herein.

     2.2  On or before the date of the initial deposit in the Bank Account pursuant to this Agreement,

the lssuer shall notify the Escrow Agent in writing of the effective date of the Registration Statement (The

"Effective Date"), and the Escrow Agent shall not be required to accept any amounts for credit to the

Escrow Account or for deposit in the Bank Account prior to its receipt of such notification.

     2.3  The Offering Period, which shall be deemed to commence on the Effective Date, shall

consist of the number of calendar days or business days set forth on the information Sheet. The Offering

Period shall be extended by an Extension Period only if the Escrow Agent shall have received written

notice thereof at least five (5) business days prior to the expiration of the Offering Period. The Extension

Period, which shall be deemed to commence the next calendar day following the expiration of the

Offering Period, shall consist of the number of calendar days or business days set forth on the

information Sheet. The last day of the Offering Period, or the last day of the Extension Period (if the

Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the

"Termination Date". Except as provided in Section 4.3 hereof, after the Termination Date the lssuer shall

not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by

prospective purchasers.

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3. Deposits to the Bank Account.

     3.1  Upon the Escrow Agent's receipt of such monies, they shall be credited to the Escrow

Account. All checks delivered to the Escrow Agent shall be made payable to "Miami Escrow Services,

Inc., as Escrow Agent for the offering by the Issuer". Any check payable other than to the Escrow Agent

as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient

information to do so, then to the lssuer (together with any Subscription Information, as defined below or

other documents delivered therewith) as soon as practicable following receipt of such check by the

Escrow Agent, and such check shall be deemed not to have been delivered to the Escrow Agent pursuant

to the terms of this Agreement.

     3.2  Promptly after receiving subscription monies as described in Section 3.1, the Escrow Agent

shall deposit the same into the Bank Account. Amounts of monies so deposited are hereinafter referred to

as "Escrow Amounts". Simultaneously with each deposit to the Escrow Account or the Issuer, shall inform

the Escrow Agent in writing of the name and address of the prospective purchaser, the amount of

Securities subscribed for by such purchaser, and the aggregate dollar amount of such subscription

(collectively, the "Subscription Information").

     3.3  The Escrow Agent shall not be required to accept for credit to the Escrow Account or for

deposit into the Bank Account checks which are not accompanied by the appropriate Subscription

Information. Wire transfers representing payments by prospective purchasers shall not be deemed

deposited in the Escrow Account until the Escrow Agent has received in writing the Subscription

information required with respect to such payments.

      3.4  The Escrow Agent shall not be required to accept in the Escrow Account any amounts

representing payments by prospective purchasers, whether by check, or wire, except during the Escrow

Agent's regular business hours.

     3.5  Only those Escrow Amounts, which have been deposited in the Bank Account and which

have cleared the banking system and have been collected by the Escrow Agent, are herein referred to as

the "Fund".

     3.6  If the proposed offering is terminated before the Termination Date, the Escrow Agent shall

refund any portion of the Fund prior to disbursement of the Fund in accordance with Article 4 hereof upon

instructions in writing signed by the Issuer.

4. Disbursement from the Bank Account.

     4.1 Subject to Section 4.3 below, if by the close of regular banking hours on the Termination

Date the Escrow Agent determines that the amount in the Fund is less than the Minimum Dollar Amount

or the Minimum Securities Amount, as indicated by the Subscription information submitted to the Escrow

Agent, then in either such case, the Escrow Agent shall promptly refund to each prospective purchaser

the amount of payment received from such purchaser which is then held in the fund or which thereafter

clears the banking system, without interest thereon or deduction therefrom, by drawing checks on the  I

Bank Account for the amounts of such payments and transmitting them to the purchasers. In such event,

the Escrow Agent shall promptly notify the lssuer of its distribution of the Fund.

     4.2  Subject to Section 4.3 below, if at any time up to the close of regular banking hours on the

Termination Date, the Escrow Agent determines that the amount in the Fund is at least equal to the

Minimum Dollar Amount and represents the sale of not less than the Minimum Securities Amount, the 

Escrow Agent shall promptly notify the lssuer of such fact in writing. The Escrow Agent shall promptly

disburse the Fund, by drawing checks on the Bank Account in accordance with instructions in writing

signed by both the lssuer as to the disbursement of the Fund, promptly after it receives such instructions.

     4.3  [This provision applies only if a Collection Period has been provided for by the appropriate

indication on the information Sheet.] If the Escrow Agent has on hand at the close of business on the

Termination Date any uncollected amounts which when added to the fund would raise the amount in the

Fund to the Minimum Dollar Amount, and result in the Fund representing the sale of the Minimum

Securities Amount, the Collection Period (consisting of the number of business days set forth on the

information Sheet) shall be utilized to allow such uncollected amounts to clear the banking system.

During the Collection Period the Issuer shall not deposit, and the Escrow Agent shall not accept, any

additional amounts; provided, however, that such amounts as were received by the lssuer by the close of

I Page 2 of 7

business on the Termination Date may be deposited with the Escrow Agent by noon of the next business

day following the Termination Date. If at the close of business on the last day of the Collection Period an

amount sufficient to raise the amount in the fund to the Minimum Dollar Amount and which would result in

the fund representing the sale of the Minimum Securities Amount shall not have cleared the banking

system, the Escrow Agent shall promptly notify the lssuer in writing of such fact and shall promptly return

all amounts then in the fund, and any amounts which thereafter clear the banking system, to the

prospective purchasers as provided in Section 4.2 hereof.

     4.4  Upon disbursement of the Fund pursuant to the terms of this Article 4, the Escrow Agent

shall be relieved of all further obligations and released from all liability under this Agreement. It is

expressly agreed and understood that in no event shall the aggregate amount of payments made by the

Escrow Agent exceed the amount of the Fund.

     5.  Rights, Duties and Responsibilities of Escrow Agent. It is understood and agreed that the

duties of the Escrow Agent are purely ministerial in nature, and that:

     5.1  the Escrow Agent shall notify the lssuer of the Escrow Amounts which have been

deposited in the Bank Account and of the amounts, constituting the Fund, which have cleared the banking

system and have been collected by the Escrow Agent.

     5.2  The Escrow Agent shall not be required to accept from the lssuer any Subscription

information pertaining to prospective purchasers unless such Subscription information is accompanied by

checks or wire transfers meeting the requirements of Section 3.1, nor shall the Escrow Agent be required

to keep records of any information with respect to payments deposited by the lssuer except as to the

amount of such payments; however, the Escrow Agent shall notify the lssuer within a reasonable time of

any discrepancy between the amount set forth in any Subscription information and the amount delivered

to the Escrow Agent therewith. Such amount need not be accepted for deposit in the Escrow Account

until such discrepancy has been resolved.

     5.3  The Escrow Agent shall be under no duty or responsibility to enforce collection of any

check delivered to it hereunder. The Escrow Agent, within a reasonable time, shall return to the

Subscriber any check received which is dishonored, together with the Subscription Information, if any,

which accompanied such check.

     5.5  The Escrow Agent shall be entitled to rely upon the accuracy, act in reliance upon the

contents, and assume the genuineness of any notice, instruction, certificate, signature, instrument or

other document which is given to the Escrow Agent pursuant to this Agreement without the necessity of

the Escrow Agent verifying the truth or accuracy thereof. The Escrow Agent shall not be obligated to

make any inquiry as to the authority, capacity, existence or identity of any person purporting to give any

such notice or instructions or to execute any such certificate, instrument or other document.

     5.6  If the Escrow Agent is uncertain as to its duties or rights hereunder or shall receive

instructions with respect to the Bank Account, the Escrow Amounts of the Fund which, in its sole

determination, are in conflict either with other instructions received by it or with any provision of this

Agreement, it shall be entitled to hold the Escrow Amounts, the fund, or a portion thereof, in the Bank

Account pending the resolution of such uncertainty to the Escrow Agent's sole satisfaction, by final

judgment of a court or courts of competent jurisdiction or otherwise; or the Escrow Agent, at its sole

option, may deposit the fund (and any other Escrow Amounts that thereafter become part of the fund)

with the Clerk of a court of competent jurisdiction in a proceeding to which all parties in interest are joined.

Upon the deposit by the Escrow Agent of the Fund with the Clerk of any court, the Escrow Agent shall be

relieved of all further obligations and released from all liability hereunder.

     5.7  The Escrow Agent shall not be liable for any action taken or omitted hereunder, or for the

misconduct of any employee, agent or attorney appointed by it, except in the case of willful misconduct or

gross negligence. The Escrow Agent shall be entitled to consult with counsel of its own choosing and

shall not be liable for any action taken, suffered or omitted by it in accordance with the advice of such

counsel.

     5.8  The Escrow Agent shall have no responsibility at any time to ascertain whether or not any

security interest exists in the Escrow Amounts, the fund or any part thereof or to file any financing

statement under the Uniform Commercial Code with respect to the fund or any part thereof.

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6.      Amendment; Resignation. This Agreement may be altered or amended only with the

written consent of the lssuer and the Escrow Agent. The Escrow Agent may resign for any reason upon

three (3) business days' written notice to the Issuer. Should the Escrow Agent resign as herein provided,

it shall not be required to accept any deposit, make any disbursement or otherwise dispose of the Escrow

Amounts or the Fund, but its only duty shall be to hold the Escrow Amounts until they clear the banking

system and the Fund for a period of not more than five (5) business days following the effective date of

such resignation, at which time (a) if a successor escrow agent shall have been appointed and written

notice thereof (including the name and address of such successor escrow agent) shall have been given to

the resigning Escrow Agent by the lssuer and such successor Escrow Agent, then the resigning Escrow

Agent shall pay over to the successor escrow agent the Fund, less any portion thereof previously paid out

in accordance with this Agreement; or (b) if the resigning Escrow Agent shall not have received written

notice signed by the lssuer and a successor escrow agent, then the resigning Escrow Agent shall

promptly refund the amount in the Fund to each prospective purchaser, without interest thereon or

deduction therefrom, and the resigning Escrow Agent shall promptly notify the lssuer in writing of its

liquidation and distribution of the fund; whereupon, in either case, the Escrow Agent shall be relived of all

further obligations and released from all liability under this Agreement. Without limiting the provisions of

Section 8 hereof, the resigning Escrow Agent shall be entitled to be reimbursed by the lssuer for any

expenses incurred in connection with its resignation, transfer of the Fund to a successor escrow agent or

distribution of the fund pursuant to this Section 6.

7.      Representations and Warranties. The Issuer hereby jointly and severally represent and

warrant to the Escrow Agent that:

     7.1 No party other than the parties hereto and the prospective purchasers have, or shall have,

any line, claim or security interest in the Escrow Amounts or the fund or any part thereof.

     7.2 No financing statement under the Uniform Commercial Code is on file in any jurisdiction

claiming a security interest in or describing (whether specifically or generally) the Escrow Amounts or the

fund or any part thereof.

     7.3 The Subscription information submitted with each deposit shall, at the time of submission

and at the time of the disbursement of the Fund, be deemed a representation and warranty that such

deposit represents a bona fide payment by the purchaser described therein for the amount of Securities

set forth in such Subscription Information.

     7.4 All of the information contained in the information Sheet is, as of the date hereof, and will

be, at the time of any disbursement of the Fund, true and correct.

8.

Fees and Expenses. The Escrow Agent shall be entitled to the Escrow Agent Fees set

forth on the information Sheet, payable as and when stated therein. In addition, the lssuer agrees to

reimburse the Escrow Agent for any reasonable expenses incurred in connection with this Agreement,

including, but not limited to, reasonable counsel fees. Upon receipt of the Minimum Dollar Amount, the

Escrow Agent shall have a lien upon the Fund to the extent of its fees for services as Escrow Agent.

9. 

Indemnification and Contribution.

     9.1 The lssuer referred to as the "lndemnitor” agrees to indemnify the Escrow Agent and its

officers, directors, employees, agents and shareholders (collectively referred to as the "lndemnitees")

against, and hold them harmless of and from, any and all loss, liability, cost, damage and expense,

including without limitation, reasonable counsel fees, which the lndemnitees may suffer or incur by reason

of any action, claim or proceeding brought against the lndemnitees arising out of or relating in any way to

this Agreement or any transaction to which this Agreement relates, unless such action, claim or

proceeding is the result of the willful misconduct or gross negligence of the indemnitees.

     9.2 If the indemnification provided for in Section 9.1 is applicable, but for reason is held to be

unavailable, the lndemnitor shall contribute such amounts as are just and equitable to pay, or to

reimburse the Indemnities for, the aggregate of any and all losses, liabilities, costs, damages and

expenses, including counsel fees, actually incurred by the lndemnitees as a result of or in connection

with, and any amount paid in settlement of, any action, claim or proceeding arising out of or relating in

any way to any actions or omissions of the Indemnitor.

Page 4 of 7

     9.3 The provisions of this Article 9 shall survive any termination of this Agreement, whether by

disbursement of the Fund, resignation of the Escrow Agent or otherwise.

     10.    Governing Law and Assignment. This Agreement shall be construed in accordance with

and governed by the laws of the State of Florida and shall be binding upon the parties hereto and their

respective successors and assigns; provided, however, that any assignment or transfer by any party of its

rights under this Agreement or with respect to the Escrow Amounts or the Fund shall be void as against

the Escrow Agent unless (a) written notice thereof shall be given to the Escrow Agent; and (b) the Escrow

Agent shall have consented in writing to such assignment or transfer.

     11.   Notices. All notices required to be given in connection with this Agreement shall be sent

by registered or certified mail, return receipt requested, or by hand delivery with receipt acknowledged, or

by the Express Mail service offered by the United States Post Office, and addressed, if to the Issuer at

their respective address set forth on the Information Sheet, and if to the Escrow Agent, at its address set

forth above.

     12.

   Severability. If any provision of this Agreement or the application thereof to any person

or circumstance shall be determined to be invalid or unenforceable, the remaining provisions of this

Agreement or the application of such provision to persons of circumstances other than those to which it is

held invalid or unenforceable shall not be affected thereby and shall be valid and enforceable to the fullest

extent permitted by law.

     13.    Execution in Several Counterparts. This Agreement may not be executed in several

counterparts or by separate instruments, all of such counterparts and instruments shall constitute one

agreement, binding on all of the parties hereto.

   14.      Entire Agreement. This Agreement constitutes the entire agreement between the parties

hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings

(written or oral) of the parties in connection therewith.

     IN WITNESS THEREOF, the undersigned have executed this Agreement as of the day and

year first above written.

Signed, sealed and delivered

ISSUER:

in the presence of:

THE MILLENNIUM GROUP WORLDWIDE, INC

_____________________________

By:_____________________________

Print Name:____________________

Print Name:______________________

Title:____________________________

______________________________

Print Name:_____________________

(ESCROW AGENT3 SIGNATURE ON THE FOLLOWING PAGE)

Page 5 of 7

ESCROW AGENT:

Page 6 of 7

ESCROW AGREEMENT INFORMATION SHEET

1.

The lssuer

Name: The Millennium Group Worldwide, Inc.

Address: 2825 North 10th street, St. Augustine, Florida 32084

State of Incorporation of Organization: Florida

2.

The Securities

Description of the securities to be offered (e.g., shares of or warrants for common stock, debentures, units

consisting share and warrants, etc.)________________________________________________________

____________________________________________________________________________________

Par value, if any _________________________________________________________________

Offering price per share/unit/other ___________________________________________________

3. 

Minimum Amounts Required for Disbursement of the Escrow Account

Aggregate dollar amount which must be collected before the Escrow Account may be disbursed to the

lssuer

("Minimum Dollar Amount") 

$3,000,000.00

Total amount of securities which must be subscribed for before the Escrow Account may be disbursed to

the Issuer ("Minimum Securities Amount")

$3,000,000.00

4.

Plan of Distribution of the Securities

Offering Period:

calendar/business days

Extension Period, if any;

calendar/business days

Collection Period, if any 10

business days

5. 

Title of Escrow Account: 

Miami Escrow Services, Inc.

Escrow Agent for the offering by: The Millennium Group Worldwide, Inc.

6. Professional Accounting Fees

$10,000.00 based on approximately 500 subscribers plus out of pocket

costs subject to adjustment if more than 500 subscribers. Out of pocket costs

incurred by the Escrow Agent including postage and stationery.ex10-1.htm

    
      

    

    Exhibit
      10.1 

    

    Biometrics
      Investors, L.L.C.

    95
      Revere
      Drive, Suite A

    Northbrook,
      Illinois 60062

    August
      15, 2007

    

    Sequiam
      Corporation

    300
      Sunport Lane

    Orlando,
      Florida 32809

    

    
      	
               

            	
              Re:

            	
              Agreement
                dated March 30, 2007 (the “Agreement”) between Biometrics
                Investors, L.L.C., a Delaware limited liability company
                (“Biometrics”), and Sequiam Corporation, a California corporation
                (“Sequiam”), and certain other documents, instruments and
                agreements executed in connection therewith (collectively, the “Loan
                Documents”)

            

    

    

    Gentlemen:

    

    In
      consideration of the consummation of
      the transactions contemplated  in that certain Membership Interest
      Purchase Agreement (the “Purchase Agreement”) dated on or about August
      15, 2007 by and among Nicholas VandenBrekel (“VandenBrekel”) and the
      members of Biometrics, and the transactions entered into in connection with
      the
      Purchase Agreement, effective as of the date hereof Biometrics hereby waives
      the
      Event of Default arising from the payment by Sequiam in May of 2007 of
      approximately $250,000 in satisfaction of amounts owed to VandenBrekel, which
      payment was made in violation of that certain Subordination Agreement dated
      March 30, 2007, by and among Mark Mroczkowski, VandenBrekel and Biometrics
      (the
“ExistingDefault”).

    

    This
      letter in no event constitutes a modification or an alteration of the terms,
      conditions or covenants of the Agreement or any other Loan
      Document.  This letter shall not, nor shall it be construed to,
      obligate Biometrics to waive any Events of Default other than the Existing
      Default.  The Credit Agreement and all other Loan Documents remain in
      full force and effect in accordance with their terms notwithstanding the waiver
      set forth herein.  Biometrics reserves and preserves all of its rights
      and remedies under the Agreement in respect of any Events of Default other
      than
      the Existing Default.

    

    Capitalized
      terms used in this letter without definition have the meanings ascribed thereto
      in the Agreement.

    

    Very
      truly yours,

    

    BIOMETRICS
      INVESTORS,
      L.L.C.

    

    

    By:                                                                

    Name:                                                                           

    Title:

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