Document:

EXHIBIT 4.1

               FORM OF REDEEMABLE WARRANT TO PURCHASE COMMON STOCK

  THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
  EITHER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE OR FOREIGN
      SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, OFFERED,
     PLEDGED OR OTHERWISE DISTRIBUTED FOR VALUE UNLESS THERE IS AN EFFECTIVE
        REGISTRATION STATEMENT UNDER SUCH ACT AND SUCH LAWS COVERING SUCH
   SECURITIES, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL ACCEPTABLE TO THE
  COMPANY STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT, OFFER, PLEDGE OR OTHER
           DISTRIBUTION FOR VALUE IS EXEMPT FROM THE REGISTRATION AND
           PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND SUCH LAWS.

No. W -                                                               WARRANTS
        -------------------

                        WARRANTS TO PURCHASE COMMON STOCK
                                       OF
                               VICOM INCORPORATED

                                            CUSIP        925808   11  5
                                                  ------------------------------
            Void after 3:00 p.m. Minneapolis Time on October 11, 2002

THIS IS TO CERTIFY THAT

("Holder"), is entitled to purchase, __________ shares of common stock ("Common
Stock"), $.01 par value per share, of the Company, subject to the provisions of
this Warrant, from Vicom, Incorporated, a Minnesota corporation ("Company"), at
any time on or before 3:00 p.m. Minneapolis time, on October 11, 2002, upon
compliance with and subject to the conditions set forth herein, at a purchase
price per share of $ 2.25 (in cash or fair market value of property acceptable
to the Company). The number of shares of Common Stock to be received upon the
exercise of this Warrant and the price to be paid for a share of Common Stock
may be adjusted from time to time as hereinafter set forth. The shares of the
Common Stock deliverable upon such exercise, and as adjusted from time to time,
are hereinafter sometimes referred to as "Warrant Stock", and the exercise price
of a share of Common Stock, in effect at any time and as adjusted from time to
time is hereinafter sometimes referred to as the "Exercise Price".

(a)  EXERCISE OF WARRANTS. Subject to the provisions of Section (j) hereof, this
     Warrant may be exercised in whole or in part at any time or from time to
     time on or before 3:00 p.m. Minneapolis time on October 11, 2002, or if
     such date is a day on which banking institutions are authorized by law to
     close, then on the next succeeding day which shall not be such a day, by
     presentation and surrender hereof to the Company or at the office of the
     its stock transfer agent, if any, with the Purchase Form annexed hereto
     duly executed and accompanied by payment of the Exercise Price (in cash or
     equivalent value) for the number of shares specified in such form, together
     with all

<PAGE>

     federal and state taxes applicable upon such exercise. If this Warrant
     should be exercised in part only, the Company shall, upon surrender of this
     Warrant for cancellation, execute and deliver a new Warrant evidencing the
     right hereunder. Upon receipt by the Company of this Warrant at the office
     or agency of the Company, in proper form for exercise, the Holder shall be
     deemed to be the Holder of record of the shares of Common Stock issuable
     upon such exercise, notwithstanding that the stock transfer books of the
     Company shall then be closed or that certificates representing such shares
     of Common Stock shall not then be actually delivered to the Holder.

(b)  RESERVATION OF SHARES. The Company hereby agrees that at all times
     subsequent hereto there shall be reserved for issuance and/or delivery upon
     exercise of this Warrant such number of shares of its Common Stock as shall
     be required for issuance or delivery upon exercise of this Warrant
     ("Warrant Stock").

(c)  FRACTIONAL SHARES. No fractional shares or scrip representing fractional
     shares shall be issued upon the exercise of this Warrant. With respect to
     any fraction of a share called for upon any exercise hereof, the Company
     shall pay to the Holder an amount in cash equal to such fraction multiplied
     by the current market value of such fractional share, determined as
     follows:

     (1)  If the Common Stock is listed on a national securities exchange or
          admitted to unlisted trading privileges on such exchange, the current
          value shall be the last reported sale price of the Common Stock on
          such exchange on the last business day prior to the date of exercise
          of this Warrant or, if no such sale is made on such day the average
          closing bid and asked prices for such day on such exchange; or

     (2)  If the Common Stock is not so listed or admitted to unlisted trading
          privileges, the current value shall be the mean of the last reported
          bid and asked prices reported by the NASDAQ Stock Market or, if not
          quoted, by the National Quotation Bureau, Inc. on the last business
          day prior to the day of the exercise of this Warrant; or

     (3)  If the Common Stock is not so listed or admitted to unlisted trading
          privileges and bid and asked prices are not so reported, the current
          value shall be an amount, not less that book value, determined in such
          reasonable manner as may be prescribed by the Board of Directors of
          the Company, such determination to be final and binding on the Holder.

(d)  EXCHANGE, ASSIGNMENT OR LOSS OF WARRANT. This Warrant is exchangeable,
     without expense, at the option of the Holder, upon presentation and
     surrender hereof to the Company or at the office of its stock transfer
     agent, if any, for other Warrants of different denominations entitling the
     Holder thereof to purchase in the aggregate the same number of shares of
     Common Stock purchasable hereunder. Subject to Section (j) hereof,
     assignment of this Warrant shall be made by surrender of this Warrant to
     the Company or at the office of its stock transfer agent, if any, with the
     Assignment Form annexed hereto duly executed and funds sufficient to pay
     any transfer tax; whereupon the Company shall, without charge, execute and
     deliver a new Warrant in the name of the assignee named in such instrument
     of assignment, and this Warrant shall promptly be canceled. Subject to
     Section (j) hereof, Warrant may be divided upon presentation hereof at the
     office of the Company or at the office of its stock transfer agent, if any,
     together with a written notice specifying the names and denominations in
     which new Warrants are to be issued and signed by the Holder hereof. The
     terms "Warrant" and "Warrants" as used herein include any Warrants issued
     in substitution of evidence satisfactory to it of the loss, theft,
     destruction or mutilation of this Warrant, and (in the case of loss, theft
     or destruction) of reasonably satisfactory indemnification, and upon
     surrender and cancellation of this Warrant, if mutilated, the Company will
     execute and deliver a new Warrant of like tenor and date. Any such new
     Warrant executed and delivered shall constitute an additional contractual
     obligation on the part of the Company whether or not this Warrant is so
     lost, stolen, destroyed or mutilated shall be at any time enforceable by
     anyone.

(e)  Rights of the Holder. THE HOLDER SHALL NOT, BY VIRTUE HEREOF, BE ENTITLED
     TO ANY RIGHTS OF A SHAREHOLDER IN THE COMPANY, EITHER AT LAW OR EQUITY, AND
     THE RIGHTS OF THE HOLDER ARE LIMITED TO THOSE EXPRESSED IN THE WARRANT AND
     ARE NOT ENFORCEABLE AGAINST THE COMPANY EXCEPT TO THE EXTENT SET FORTH
     HEREIN.

     REFERENCE IS MADE TO THE FURTHER PROVISIONS OF THIS WARRANT SET FORTH ON
     THE REVERSE HEREOF WHICH SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS
     THOUGH FULLY SET FORTH HEREIN.

     DATED: APRIL 11, 2000                          VICOM, INCORPORATED

                                            BY: JAMES L. MANDEL, CHIEF EXECUTIVE
                                            OFFICER

                                            PIERCE MCNALLY, SECRETARY

<PAGE>

                              ADDITIONAL PROVISIONS

(f)  ADJUSTMENTS TO EXERCISE PRICE AND NUMBER OF SHARES. Anything in this
     Section (f) to the contrary notwithstanding, in case the Company shall at
     any time issue Common Stock or Convertible Securities by way of dividend or
     other distribution on any stock of the Company or subdivide or other
     distribution on any stock of the Company or subdivide or combine the
     outstanding shares of Common Stock, the Company shall equitably adjust the
     terms of this Warrant.

(g)  OFFICER'S CERTIFICATES. Whenever the Exercise Price shall be adjusted as
     required by the provisions of Section (f) hereof, the Company shall
     forthwith file in the custody of its Secretary or an Assistant Secretary at
     its principal office, and with its stock transfer agent, if any, an
     officer's certificate showing the adjusted Exercise Price determined as
     herein provided and setting forth in reasonable detail the fact requiring
     such adjustment. Each such officer's certificates shall be available at all
     reasonable times for inspection by the Holder and the Company shall,
     forthwith after each such adjustment, deliver a copy of such certificate to
     the Holder. Such certificate shall be conclusive as to the correctness of
     such adjustment.

(h)  NOTICES TO WARRANT HOLDERS. So long as this Warrant shall be outstanding
     and unexercised (i) if the Company shall pay any dividend or make any
     distribution upon the Common Stock or (ii) if the Company shall offer to
     the Holders of Common Stock for subscription or purchase by them any shares
     of stock of any class or any other rights or (iii) if any capital
     reorganization of the Company, reclassification of the capital stock of the
     Company, consolidation or merger of the Company with or into another
     corporation, sale, lease or transfer of all or substantially all of the
     property and assets of the Company to another corporation, or voluntary or
     involuntary dissolution, liquidation or winding up of the Company shall
     cause to be delivered to the Holder, at least ten (10) days prior to the
     date specified in (x) or (y) below, as date on which (x) a record is to be
     taken for the pursue of such dividend, distribution or rights, or (y) such
     reclassification, reorganization, consolidation, merger, conveyance, lease,
     dissolution, liquidation or winding up is to take place and the date, if
     any, is to be fixed as of Common Stock of record shall be entitled to
     exchange their shares of Common Stock for securities or other property
     deliverable upon such reclassification, reorganization, consolidation,
     merger, conveyance, dissolution, liquidation or winding up.

(i)  RECLASSIFICATION, REORGANIZATION OR MERGER. In case of any
     reclassification, capital reorganization or other change of outstanding
     shares of Common Stock of the company (other than a change in par value, or
     from no par value to par value, or as a result of an issuance of Common
     Stock by way of dividend or other distribution or of a subdivision of
     combination) or in case of any consolidation of merger or the Company with
     or into another corporation (other than a merger with a subsidiary in which
     merger the Company is the continuing corporation and which does not result
     in any reclassification, capital reorganization or other change of
     outstanding shares of Common Stock of the class issuable upon exercise of
     this Warrant) or in case of any sale or conveyance to another corporation
     of the property of the Company as an entirety or substantially as an
     entirety, the Company shall cause an effective provision to be made so that
     the Holder shall have the right thereafter, by exercising this Warrant, to
     purchase the kind and amount of shares of stock and other securities and
     property receivable upon such reclassification, capital reorganization or
     other change, consolidation, merger, sale or conveyance. Any such provision
     shall include a provision for adjustments which shall be nearly equivalent
     as may be practicable to the adjustments provided for in this Warrant. The
     foregoing provisions of this Section (i) shall similarly apply to
     successive reclassifications, capital reorganization and changes of shares
     of Common Stock and to successive consolidations, mergers, sales or
     conveyances. If in any such capital reorganization or reclassification,
     consolidation or merger, sale or conveyance, additional shares of Common
     Stock shall be issued in exchange, conversion, substitution or payment, in
     whole or in part, for or of a security of the Company other than Common
     Stock, any such issue shall be treated as issue of Common Stock covered by
     the provisions of subsection (f) hereof with the amount of the
     consideration received upon the issue thereof being determined by the Board
     of Directors of the Company, such determination to be final and binding on
     the Holder.

<PAGE>

(j)  TRANSFER AND EXERCISE TO COMPLY WITH SECURITIES ACT OF 1933

     (1)  This Warrant may not be sold, transferred or otherwise disposed of
          except to a person who, in the opinion of counsel for the Company, is
          a person to whom this Warrant or such Warrant Stock may legally be
          transferred pursuant to Section (d) hereof without registration and
          without the delivery of a current prospectus under the Securities Act
          with respect thereto and then only against receipt of an agreement of
          such person to comply with the provisions of this Section (j) with
          respect to any resale or other disposition of such securities.

     (2)  This Warrant may be exercised only if a registration statement
          covering the Warrant Stock has been declared effective by the U.S.
          Securities and Exchange Commission or an exemption from registration
          has been established to the satisfaction of legal counsel of the
          Company.

     (3)  The Company may cause the following legend to be set forth on each
          certificate representing Warrant Stock or any other security issued or
          issuable upon exercise of this Warrant, unless counsel for the Company
          is in the opinion as to any such certificate that such legend is
          unnecessary: "The securities represented by this certificate may not
          be offered for sale, sold or otherwise transferred except pursuant to
          an effective registration statement under the Securities Act of 1933
          (the "Act"), or pursuant to an exemption from registration under the
          Act the availability of which is to be established, upon compliance
          with and subject to the conditions set forth herein, to the
          satisfaction of the Company."

     (4)  The Warrants may be redeemed by the Company, in whole or in part, at a
          redemption price of $.01 (one cent) per Warrant, at the option of the
          Company, at any time following a period of ten consecutive trading
          days during which the closing price of the Common Stock has equaled or
          exceeded $ 2.83 per share (subject to adjustment as set forth in
          Section (f) of this Warrant) and if a registration statement covering
          the resale of the Warrant Stock then is effective under the Securities
          Act of 1933, as amended, upon notice of such redemption given by the
          Company to the Holder not less than thirty (30) days prior to the date
          fixed for redemption mailed to the Holder of Warrants at their last
          registered address. If notice of such redemption shall have been given
          to the Holder, the exercise rights of the Warrants identified for
          redemption shall expire at the close of business on such date of
          redemption.

(k)  APPLICABLE LAW. This Warrant shall be governed by, and construed in
     accordance with the laws of the State of Minnesota.

(l)  PRIOR WARRANT NULL AND VOID. This Warrant replaces and supersedes Holder's
     prior Warrant exercisable at $8.75 per share.

<PAGE>

                                  PURCHASE FORM

     WARRANT APRIL 11, 2000 THROUGH OCTOBER 11, 2002 _________@ $2.25/SHARE

The undersigned hereby irrevocably elects to exercise this Warrant to the extent
of purchasing _______ shares of Vicom, Incorporated Common Stock and hereby
makes payments of $______________ in payment of actual exercise price thereof.

Name
--------------------------------------------------------------------------------
                  (Please type or print name in block letters)

Address
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Signature
--------------------------------------------------------------------------------

Dated:                              Signature(s):
       -----------                                  ----------------------------

                                    Signature(s):
                                                    ----------------------------
Guaranteed

         NOTICE: The Signature(s) to the Purchase Form or the Assignment Form
         must correspond to the name as within upon the face of this Warrant
         Certificate in every particular without alteration or enlargement or
         any change whatsoever. Signature(s) should be guaranteed by a
         commercial bank or trust company, or by a member firm of any national
         securities exchange whose signature is known to the Warrant Agent.

                                 ASSIGNMENT FORM

         FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto

Name
--------------------------------------------------------------------------------
                  (Please type of print name in block letters)

Address
--------------------------------------------------------------------------------

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the right to purchase Common Stock represented by this Warrant to the extent of
__________ shares as to which such right is exercisable and hereby does
irrevocably constitute and appoint, ____________________ attorney, to transfer
the same on the books of the Company with full power of substitution.

Dated:                                Signature(s):
       -----------                                  ----------------------------
                                      Signature(s):
                                                    ----------------------------
                                      GuaranteedExhibit 4.2
                                                                    -----------

                                     FORM OF

                                ESCROW AGREEMENT

     This Escrow Agreement (the "Escrow Agreement") dated as of _______, 2002 is
by and among Wentworth III, Inc., a Delaware corporation (the "Company"), Key
Bank National Association, World Trade Center Branch, located at 1675 Broadway,
Suite 200, Denver, Colorado 80202 (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. 333-75044), 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 III, 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

                                      -2-

<PAGE>

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 $500 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 III, Inc.
               650 So. Cherry Street, Suite 420
               Denver, CO 80246

          If to the Escrow Agent, to:

               Key Bank National Association, World Trade Center Branch
               1675 Broadway, Suite 200
               Denver, Colorado 80202

          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 III, INC.

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

ESCROW AGENT

KEY BANK NATIONAL ASSOCIATION, WORLD TRADE CENTER BRANCH

By:
    ------------------------------
    Name:
    Title:

ADMINISTRATOR

CORPORATE STOCK TRANSFER, INC.

By:
    ------------------------------
    Name:
    Title:

           [SIGNATURE PAGE TO ESCROW AGREEMENT OF WENTWORTH III, 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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