Document:

ex10-1.htm

Exhibit 10.1

 

SEPARATION AND RELEASE AGREEMENT

 

This Separation and Release Agreement (this “Agreement”), delivered May 6, 2011 (the “Termination Date”), confirms the following understandings and agreements between Hampshire Group, Limited (the “Company”) and Howard L. Zwilling (hereinafter referred to as “you” or “your”).

 

In consideration of the promises set forth herein, you and the Company agree as follows:

 

1.           Opportunity for Review; Acceptance.  You have twenty-one (21) days to review and consider this Agreement (the “Review Period”).  To accept this Agreement, and the terms and conditions contained herein, prior to the expiration of the Review Period, you must execute and date this Agreement where indicated below and return the executed copy of the Agreement to the Company, to the attention of Diane Votteler.  Notwithstanding anything contained herein to the contrary, this Agreement will not become effective or enforceable for a period of seven (7) calendar days following the date of its execution (the “Revocation Period”), during which time you may revoke your acceptance of this Agreement by notifying the Company in writing.  To be effective, such revocation must be received by the Company no later than 5:00 p.m. on the seventh (7th) calendar day following its execution.  Provided that the Agreement is executed and you do not revoke it, the eighth (8th) day following the date on which this Agreement is executed shall be its effective date (the “Effective Date”).  In the event of your failure to execute and deliver this Agreement prior to the expiration of the Review Period, or otherwise revoke this Agreement during the Revocation Period, this Agreement will be null and void and of no effect, and the Company will have no obligations hereunder.

 

2.           Employment Status and Separation Payments.

 

(a)           Employment Status. You acknowledge your separation from employment with the Company and its direct and indirect parent(s), subsidiaries, and affiliates (collectively, with the Company, the “Company Group”) effective as of the Termination Date, and after the Termination Date you will not represent yourself as being an employee, officer, agent or representative of the Company or any other member of the Company Group.

 

(b)           Accrued Benefits. The Termination Date shall be the termination date of your employment for purposes of participation in and coverage under all benefit plans and programs sponsored by or through the Company and any other member of the Company Group, except as otherwise provided herein.  Within ten (10) business days following the Termination Date, you will be paid $6418.15 for 3.3 days of accrued, but unused vacation.

 

(c)           Separation Payments. In consideration of your release and waiver of claims set forth in paragraph 3 below, and subject to your execution and non-revocation of this Agreement, the Company will pay you $600,000 (the “Consideration”) within ten (10) business days of the Effective Date.

 

(d)           You acknowledge and agree that the payment(s) and other benefits provided pursuant to this paragraph 2 are in full discharge of any and all liabilities and obligations of the Company or any other member of the Company Group to you, monetarily or with respect to employee benefits or otherwise, including but not limited to any and all obligations arising under any alleged written or oral employment agreement, policy, plan or procedure of the Company or any other member of the Company Group and/or any alleged understanding or arrangement between you and the Company or any other member of the Company Group (other than claims for accrued and vested benefits under an employee benefit, insurance, or pension plan of the Company or any other member of the Company Group (excluding any employee benefit plan providing severance or similar benefits), subject to the terms and conditions of such plan(s)).

 

  

  

  

 

3.           Release and Waiver of Claims.

 

(a)           As used in this Agreement, the term “claims” will include all claims, covenants, warranties, promises, undertakings, actions, suits, causes of action, obligations, debts, accounts, attorneys’ fees, judgments, losses and liabilities, of whatsoever kind or nature, in law, equity or otherwise.

 

(b)           For and in consideration of the payments and benefits described in paragraph 2 above, and other good and valuable consideration, you, for and on behalf of yourself and your heirs, administrators, executors and assigns, effective the date hereof, do fully and forever release, remise and discharge each member of the Company Group and their successors and assigns, together with their respective officers, directors, partners, shareholders, employees and agents (collectively, and with the Company, the “Company Parties”) from any and all claims whatsoever up to the date hereof which you had, may have had, or now have against the Company Parties, whether known or unknown, for or by reason of any matter, cause or thing whatsoever, including any claim arising out of or attributable to your employment or the termination of your employment with the Company, whether for tort, breach of express or implied employment contract, intentional infliction of emotional distress, wrongful termination, unjust dismissal, defamation, libel or slander, or under any federal, state or local law dealing with discrimination based on age, race, sex, national origin, handicap, religion, disability or sexual orientation.  This release of claims includes, but is not limited to, all claims arising under the Age Discrimination in Employment Act (“ADEA”), Title VII of the Civil Rights Act, the Americans with Disabilities Act, the Civil Rights Act of 1991, the Family Medical Leave Act, and the Equal Pay Act, each as may be amended from time to time, and all other federal, state and local laws, the common law and any other purported restriction on an employer’s right to terminate the employment of employees.  The parties intend the release contained herein to be a general release of any and all claims to the fullest extent permissible by law.

 

(c)           You acknowledge and agree that as of the date you execute this Agreement, you have no knowledge of any facts or circumstances that give rise or could give rise to any claims under any of the laws listed in the preceding paragraph.

 

(d)           By executing this Agreement, you specifically release all claims relating to your employment and its termination under ADEA, a United States federal statute that, among other things, prohibits discrimination on the basis of age in employment and employee benefit plans.

 

  

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(e)           Notwithstanding the foregoing, nothing in this Agreement shall be a waiver of: (i) your rights with respect to payment of amounts under this Agreement, (ii) your right to benefits due to terminated employees under any employee benefit plan of the Company or any other member of the Company Group in which you participated (excluding any severance or similar plan or policy), in accordance with the terms thereof (including you rights to elect COBRA coverage), (iii) any claims that cannot be waived by law including, without limitation any claims filed with the Equal Employment Opportunity Commission, the U.S. Department of Labor, or claims under the ADEA that arise after the date of this Agreement; or (iv) your right of indemnification as provided by, and in accordance with the terms of, the Company’s by-laws or a Company insurance policy providing such coverage, as any of such may be amended from time to time.

 

(f)           You acknowledge and agree that by virtue of the foregoing, you have waived any relief available to you (including without limitation, monetary damages, equitable relief and reinstatement) under any of the claims and/or causes of action waived in this paragraph 2.  Therefore you agree that you will not accept any award or settlement from any source or proceeding (including but not limited to any proceeding brought by any other person or by any government agency) with respect to any claim or right waived in this Agreement.

 

4.           Knowing and Voluntary Waiver.  You expressly acknowledge and agree that you:

 

(a)           Are able to read the language, and understand the meaning and effect, of this Agreement;

 

(b)           Have no physical or mental impairment of any kind that has interfered with your ability to read and understand the meaning of this Agreement or its terms, and that you are not acting under the influence of any medication, drug or chemical of any type in entering into this Agreement;

 

(c)           Are specifically agreeing to the terms of the release contained in this Agreement because the Company has agreed to pay you the Consideration, which the Company has agreed to provide because of your agreement to accept it in full settlement of all possible claims you might have or ever had, and because of your execution of this Agreement;

 

(d)           Acknowledge that but for your execution of this Agreement, you would not be entitled to the Consideration;

 

(e)           Understand that, by entering into this Agreement, you do not waive rights or claims under ADEA that may arise after the date you execute this Agreement;

 

(f)           Had or could have the entire Review Period in which to review and consider this Agreement, and that if you execute this Agreement prior to the expiration of the Review Period, you have voluntarily and knowingly waived the remainder of the Review Period;

 

(g)           Were advised to consult with your attorney regarding the terms and effect of this Agreement; and

 

  

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(h)           Have signed this Agreement knowingly and voluntarily.

 

5.           No Suit.  You represent and warrant that you have not previously filed, and to the maximum extent permitted by law agree that you will not file, a complaint, charge or lawsuit against any of the Company Parties regarding any of the claims released herein.  If, notwithstanding this representation and warranty, you have filed or file such a complaint, charge or lawsuit, you agree that you shall cause such complaint, charge or lawsuit to be dismissed with prejudice and shall pay any and all costs required in obtaining dismissal of such complaint, charge or lawsuit, including without limitation the attorneys’ fees of any of the Company Parties against whom you have filed such a complaint, charge, or lawsuit.

 

6.           No Re-Employment.  You hereby agree to waive any and all claims to re-employment with the Company or any other member of the Company Group.  You affirmatively agree not to seek further employment with the Company or any other member of the Company Group.

 

7.           Successors and Assigns.  The provisions hereof shall inure to the benefit of your heirs, executors, administrators, legal personal representatives and assigns and shall be binding upon your heirs, executors, administrators, legal personal representatives and assigns.

 

8.           Severability.  If any provision of this Agreement shall be held by any court of competent jurisdiction to be illegal, void or unenforceable, such provision shall be of no force and effect.  The illegality or unenforceability of such provision, however, shall have no effect upon and shall not impair the enforceability of any other provision of this Agreement.

 

9.           Non-Disparagement.  You agree that you will make no disparaging or defamatory comments regarding any member of the Company Group or their respective current or former directors, officers or employees in any respect or make any comments concerning any aspect of your relationship with any member of the Company Group or the conduct or events which precipitated your termination of employment from any member of the Company Group.  Your obligations under this paragraph 9 shall not apply to disclosures required by applicable law, regulation or order of a court or governmental agency.

 

10.           Cooperation.

 

(a)           You agree that you will provide reasonable cooperation to the Company and/or any other member of the Company Group and its or their respective counsel in connection with any investigation, administrative proceeding or litigation relating to any matter that occurred during your employment in which you were involved or of which you have knowledge.  The Company agrees to reimburse you for reasonable out-of-pocket expenses incurred at the request of the Company with respect to your compliance with this paragraph.

 

(b)           You agree that, in the event you are subpoenaed by any person or entity (including, but not limited to, any government agency) to give testimony or provide documents (in a deposition, court proceeding or otherwise) which in any way relates to your employment by the Company and/or any other member of the Company Group, you will give prompt notice of such request to Diane Votteler (or his/her successor or designee) and will make no disclosure until the Company and/or the other member of the Company Group have had a reasonable opportunity to contest the right of the requesting person or entity to such disclosure.

 

  

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11.           Confidentiality.  The terms and conditions of this Agreement are and shall be deemed to be confidential, and shall not be disclosed by you to any person or entity without the prior written consent of the Company, except if required by law, and to your accountants, attorneys and/or immediate family, provided that, to the maximum extent permitted by applicable law, rule, code or regulation, they agree to maintain the confidentiality of the Agreement.

 

12.           Return of Property.  You agree that you will promptly return to the Company all property belonging to the Company and/or any other member of the Company Group, including but not limited to all proprietary and/or confidential information and documents (including any copies thereof) in any form belonging to the Company, cell phone, Blackberry, beeper, keys, card access to the building and office floors, Employee Handbook, phone card, computer user name and password, disks and/or voicemail code.  You further acknowledge and agree that the Company shall have no obligation to provide the Consideration referred to in paragraph 2 above unless and until you have satisfied all your obligations pursuant to this paragraph.

 

13.           Non-Admission.  Nothing contained in this Agreement will be deemed or construed as an admission of wrongdoing or liability on the part of you or any member of the Company Group.

 

14.           Entire Agreement.  This Agreement constitutes the entire understanding and agreement of the parties hereto regarding the termination of your employment.  This Agreement supersedes all prior negotiations, discussions, correspondence, communications, understandings and agreements between the parties relating to the subject matter of this Agreement.

 

15.           Governing Law; Jurisdiction.  EXCEPT WHERE PREEMPTED BY FEDERAL LAW, THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF [•], APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN THAT STATE.  EACH PARTY TO THIS AGREEMENT HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY SUIT, ACTION OR PROCEEDING UNDER OR IN CONNECTION WITH THIS AGREEMENT.

 

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth below.

 

	 	
HAMPSHIRE GROUP, LIMITED

	 
	 	 	 	 
	 	
By: 

	/s/ Heath L. Golden	 
	 	 	
Name: Heath L. Golden

	 
	 	 	
Title: President and Chief Executive Officer

	 
	 	 	 	 

 

	 	 	 	 
	 	
By: 

	/s/ Howard L. Zwilling	 
	 	 	
Name: Howard L. Zwilling

	 
	 	 	
Date: May 11, 2011ex4-4.htm

Exhibit 4.4

 

SUBSCRIPTION ESCROW AGREEMENT

 

THIS SUBSCRIPTION ESCROW AGREEMENT (this “Escrow Agreement”), dated as of ______________, is entered into by and between GILFORD SECURITIES INCORPORATED (the “Placement Agent”), GEOVAX LABS, INC. , a Delaware corporation (the “Company”) and  WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as escrow agent (the “Escrow Agent”).

 

WHEREAS, the Company has entered into a Placement Agency Agreement, dated _____________, with the Placement Agent pursuant to which the Placement Agent is authorized to solicit and collect subscription funds on behalf of the Company.

 

WHEREAS, the Company intends to raise cash funds from investors (the “Investors”) pursuant to a “registered direct” public offering (the “Offering”) of up to $10,000,000 (the “Maximum Amount”) of units (the “Units”), with each Unit consisting of one share of common stock (each, a “Share”), par value $0.001 per share (the “Common Stock”) and one five-year warrant to purchase one (1) additional share of Common Stock (each, a “Warrant”)

 

  

  

  

of the Company (the “Securities”), on a “best efforts” basis, pursuant to a Registration Statement on Form S-1 (as amended, the “Registration Statement”).

 

WHEREAS, the Company and the Placement Agent desire to deposit funds contributed by the Investors with the Escrow Agent, to be held for the benefit of the Investors and the Company until such time as subscriptions for the Securities have been deposited into escrow in accordance with the terms of this Escrow Agreement, and the Company and the Placement Agent are prepared to close on the transaction, in order to comply with the requirements of FINRA and those of applicable state securities laws.

 

WHEREAS, the Escrow Agent is willing to accept appointment as escrow agent upon the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

 

1. Escrow of Investor Funds.

 

     (a) On or before the commencement of the Offering, the Company shall establish an escrow account with the Escrow Agent (the “Escrow Account”). All funds received from Investors in payment for the Securities (“Investor Funds”) will be delivered to the Escrow Agent within one (1) business day following the day upon which such Investor Funds are received by the Company or the Placement Agent, and shall, upon receipt of good and collected funds by the Escrow Agent, be retained in the Escrow Account by the Escrow Agent and invested as stated below.

 

  

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Investors shall be requested to deliver immediately available funds via wire transfer or check payable to the Escrow Agent for the purchase of Units directly to the Escrow Agent for deposit into the Escrow Account. During the term of this Escrow Agreement, the Company and the Placement Agent shall cause all checks received by and made payable to each of them in payment for the Securities to be endorsed in favor of the Escrow Agent and delivered to the Escrow Agent for deposit in the Escrow Account promptly (and in no event later than noon of the next business day following the receipt). Investor Funds wired directly to the Escrow Account will use wire instructions provided by the Escrow Agent. Any check payable other than to the Escrow Agent as required hereby shall be returned to the prospective Investor or, if the Escrow Agent has insufficient information to do so, then to the Placement Agent (together with any Subscription Information or other documents delivered therewith), by noon of the next business day 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 Escrow Agreement.

 

     (b) Escrow Agent shall have no duty to make any disbursement, investment or other use of Investor Funds until and unless it has good and collected funds. In the event that any checks deposited in the Escrow Account are returned or prove uncollectible after the funds represented thereby have been released by the Escrow Agent, then the Company shall promptly reimburse the Escrow Agent for any and all costs incurred for such, upon request, and the Escrow Agent shall deliver the returned checks to the Company. The Escrow Agent shall be under no duty or responsibility to enforce collection of any check delivered to it hereunder. The Escrow Agent reserves the right to deny, suspend or terminate participation by an Investor to the extent the Escrow Agent deems it advisable or necessary to comply with applicable laws or to eliminate practices that are not consistent with the purposes of the Offering.

 

2. Identity of Investors. A copy of the Offering document is attached as Exhibit A to this Escrow Agreement. The Company or the Placement Agent shall furnish to the Escrow Agent with each delivery of Investor Funds, a list of the Investors who have paid for the Securities showing the name, address, tax identification number, amount of Securities subscribed for and the amount paid and deposited with the Escrow Agent. This information comprising the identity of Investors shall be provided to the Escrow Agent in the format set forth on  Exhibit B  to this Escrow Agreement (the “List of Investors”). All Investor Funds so deposited shall not be subject to any liens, claims or charges by the Company (including its Affiliates, Associates or Underwriters, all as defined by the NASAA Statement of Policy Regarding the Impoundment of Proceeds), the Placement Agent or the Escrow Agent, or judgments or creditors’ claims against the Company, until released to the Company as hereinafter provided. The Company understands and agrees that the Company shall not be entitled to any Investor Funds on deposit in the Escrow Account and no such funds shall become the property of the Company except when released to the Company pursuant to Section 3 of this Escrow Agreement. The Company, the Placement Agent and the Escrow Agent will treat all Investor information as confidential. The Escrow Agent shall not be required to accept any Investor Funds which are not accompanied by the information on the List of Investors.

 

3. Disbursement of Funds.

 

     (a) In the event the Escrow Agent receives written notice from the Company or the Placement Agent that the Company or such Placement Agent has rejected an Investor’s subscription, the Escrow Agent shall pay to the

 

  

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applicable Investor, promptly, but in no event later than five (5) business days after receiving notice of the rejection, by first class United States Mail at the address appearing on the List of Investors, or at such other address or fed wire instructions as are furnished to the Escrow Agent by the Investor in writing, all collected sums paid by the Investor for Securities and received by the Escrow Agent, together with the interest earned on such Investor Funds.

 

     (b) Once the Company and the Placement Agent have determined to consummate the offering described in the Offering Document, they shall both notify the Escrow Agent of the same in writing and the Escrow Agent shall pay out the Investor Funds and all earnings thereon when and as directed in writing by the Company and the Placement Agent.

 

     (c) If the notice to be provided to the Escrow Agent pursuant to Section 3(b) has not been received by the Escrow Agent before the Termination Date, the Escrow Agent shall promptly, but in no event later than five (5) business days after the Termination Date, refund to each Investor by first class United States Mail at the address appearing on the List of Investors, or at such other address or fed wire instructions as are furnished to the Escrow Agent by the Investor in writing, all sums paid by the Investor for Securities and received by the Escrow Agent, together with the interest earned on such funds in the Escrow Account, and shall then notify the Company and Placement Agent in writing of such refunds.

 

     (d) Prior to disbursement of the Investor Funds pursuant to Section 3(b) or Section 3(c), the Company and the Placement Agent will provide Escrow Agent with Schedule 1 to Exhibit F, a substantial form of which the Escrow Agent will send to the state securities regulators identified in such letter at the time the funds are to be disbursed.

 

4. Term of Escrow. The “Termination Date” shall be the earlier of (i) the one year anniversary of the date of this Escrow Agreement, (ii) such time as the Company and the Placement Agent provide the notice to Escrow Agent pursuant to Section 3(b); (iii) the Escrow Agent receives written notice from the Company or the Placement Agent that the Company is abandoning the further sale of the Securities; (iv) the date the Escrow Agent receives notice from the Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering, or (v) the date the Escrow Agent institutes an interpleader or similar action. After the Termination Date, the Company and the Placement Agent shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

 

5. Duty and Limitation on Liability of the Escrow Agent.

 

     (a) The Escrow Agent’s rights and responsibilities shall be governed solely by this Escrow Agreement. Neither the Offering document, nor any other agreement or document shall govern the Escrow Agent even if such other

 

  

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agreement or document is referred to herein, is deposited with, or is otherwise known to, the Escrow Agent.

 

     (b) The Escrow Agent shall be under no duty to determine whether the Company or the Placement Agent are complying with the requirements of the Offering or applicable securities or other laws in tendering the Investor Funds to the Escrow Agent. The Escrow Agent shall not be responsible for, or be required to enforce, any of the terms or conditions of any Offering document or other agreement between the Company or the Placement Agent and any other party.

 

     (c) The Escrow Agent may conclusively rely upon and shall be fully protected in acting upon any statement, certificate, notice, request, consent, order or other document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Escrow Agent shall have no duty or liability to verify any such statement, certificate, notice, request, consent, order or other document. Upon or before the execution of this Escrow Agreement, the Company and the Placement Agent shall deliver to the Escrow Agent authorized signers’ lists in the form of  Exhibit C-1 and  Exhibit C-2 to this Escrow Agreement.

 

     (d) The Escrow Agent shall be under no obligation to institute and/or defend any action, suit or proceeding in connection with this Escrow Agreement unless first indemnified to its satisfaction.

 

     (e) The Escrow Agent may consult counsel of its own choice with respect to any question arising under this Escrow Agreement and the Escrow Agent shall not be liable for any action taken or omitted in good faith upon the advice of such counsel.

 

     (f) The Escrow Agent shall not be liable for any action taken or omitted by it except to the extent that a court of competent jurisdiction determines that the Escrow Agent’s gross negligence or willful misconduct was the primary cause of loss.

 

     (g) The Escrow Agent is acting solely as escrow agent hereunder and owes no duties, covenants or obligations, fiduciary or otherwise, to any person by reason of this Escrow Agreement, except as otherwise explicitly set forth in this Escrow Agreement, and no implied duties, covenants or obligations, fiduciary or otherwise, shall be read into this Escrow Agreement against the Escrow Agent.

 

     (h) In the event of any disagreement between any of the parties to this Escrow Agreement, or between any of them and any other person, including any Investor, resulting in adverse or conflicting claims or demands being made in connection with the matters covered by this Escrow Agreement, or in the event that the Escrow Agent is in doubt as to what action it should take hereunder, the Escrow

 

  

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Agent may, at its option, refuse to comply with any claims or demands on it, or refuse to take any other action hereunder, so long as such disagreement continues or such doubt exists, and in any such event, the Escrow Agent shall not be or become liable in any way or to any person for its failure or refusal to act, and the Escrow Agent shall be entitled to continue so to refrain from acting until (i) the rights of all interested parties shall have been fully and finally adjudicated by a court of competent jurisdiction, or (ii) all differences shall have been adjudged and all doubt resolved by agreement among all of the interested persons, and the Escrow Agent shall have been notified thereof in writing signed by all such persons. Notwithstanding the foregoing, the Escrow Agent may in its discretion obey the order, judgment, decree or levy of any court, whether with or without jurisdiction and the Escrow Agent is hereby authorized in its sole discretion to comply with and obey any such orders, judgments, decrees or levies.

 

     (i) In the event that any controversy should arise with respect to this Escrow Agreement, the Escrow Agent shall have the right, at its option, to institute an interpleader action in any court of competent jurisdiction to determine the rights of the parties.

 

     (j) IN NO EVENT SHALL THE ESCROW AGENT BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL LOSSES OR DAMAGES OF ANY KIND WHATSOEVER (INCLUDING WITHOUT LIMITATION LOST PROFITS), EVEN IF THE ESCROW AGENT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES AND REGARDLESS OF THE FORM OF ACTION.

 

     (k) The parties agree that the Escrow Agent had no role in the preparation of the Offering documents, has not reviewed any such documents, and makes no representations or warranties with respect to the information contained therein or omitted therefrom.

 

     (l) The Escrow Agent shall have no obligation, duty or liability with respect to compliance with any federal or state securities, disclosure or tax laws concerning the Offering documents or the issuance, offering or sale of the Securities.

 

     (m) The Escrow Agent shall have no duty or obligation to monitor the application and use of the Investor Funds once transferred to the Company, that being the sole obligation and responsibility of the Company.

 

     (n) The Escrow Agent shall not be responsible or liable for any failure or delay in the performance of its obligation under this Escrow Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; wars; acts of terrorism; civil or military disturbances; sabotage; epidemic; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications services; accidents; labor disputes; acts of civil or military authority or governmental action; it being understood that the Escrow Agent shall use commercially reasonable efforts which are consistent with accepted practices in

 

  

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the banking industry to resume performance as soon as reasonably practicable under the circumstances.

 

6. Escrow Agent’s Fee.

 

     (a) Fee Agreement. The Escrow Agent shall be entitled to compensation for its services as stated in the fee schedule attached hereto as  Exhibit D , which compensation shall be paid separately by the Company. The fee agreed upon for the services rendered hereunder is intended as full compensation for the Escrow Agent’s services as contemplated by this Escrow Agreement; provided, however, that in the event that the conditions for the disbursement of funds under this Escrow Agreement are not fulfilled, or the Escrow Agent renders any material service not contemplated in this Escrow Agreement, or there is any assignment of interest in the subject matter of this Escrow Agreement, or any material modification hereof, or if any material controversy arises hereunder, or the Escrow Agent is made a party to any litigation relating to this Escrow Agreement, or the subject matter hereof, then the Escrow Agent shall be reasonably compensated for such extraordinary services and reimbursed for all costs and expenses, including attorney’s fees and expenses, occasioned by any delay, controversy, litigation or event, and the same shall be paid by the Company. The Company’s obligations under this Section 6 shall survive the resignation or removal of the Escrow Agent and the assignment or termination of this Escrow Agreement.

 

     (b) Compliance with FINRA. Escrow Agent acknowledges that its rights to the Investor Funds is subject to, and Escrow Agent shall have no rights to Escrow Funds in violation of, the rules and regulations of FINRA, including FINRA Notice to Members 87-61 which provides that (i) the Escrow Agent may not be paid a fee out of the Escrow Funds if it is necessary for the Escrow Agent to return the funds to the Investors due to the fact that a minimum amount has not been achieved; and (ii) that the Escrow Agent may not attach or otherwise place a lien on the Escrow Funds until and unless a minimum amount, if applicable, is achieved.

 

     (c) Escrow Compliance with NASAA Statement of Policy Regarding the Impoundment of Proceeds. Escrow Agent agrees to permit the appropriate representatives of state securities regulator authorities to inspect its records regarding the subject matter of this Escrow agreement at any reasonable time and where the records are located, and copy and record that which is inspected, upon two (2) business days’ notice and at the Company’s expense.

 

7. Investment of Investor Funds; Income Allocation and Reporting.

 

(a) The Escrow Agent shall invest the Investor Funds, including any and all interest and investment income, in the Wells Fargo Money Market Deposit Account (the “Account”) which is further described herein on  Exhibit E . Such Account is a type of bank (as such term is defined in Section 3(a)(6) of the Securities Act of 1933) accounts, including savings accounts and bank money market accounts, as well as those accounts permitted under Rule 15c2-4 under the Securities Exchange Act of 1934, that enable the Escrow Agent to promptly transmit or return the Escrow Funds to the person entitled thereto when the appropriate event or contingency has occurred in accordance with Section 3 hereof. Any interest received by the Escrow Agent with respect to the Investor Funds, including reinvested interest shall become part of the Investor Funds, and shall be disbursed pursuant to Section 3 of this Escrow Agreement. The Company and the Investors agree that for tax reporting purposes all interest or other taxable income earned on the Investor

 

  

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Funds in any tax year shall be taxable to the recipient, which shall be either the Investors or the Company.

 

     (b) The Escrow Agent shall be entitled to sell or redeem any such investments as the Escrow Agent deems necessary to make any payments or distributions required under this Escrow Agreement. The Escrow Agent shall have no responsibility or liability for any loss which may result from any investment or sale of investment made pursuant to this Escrow Agreement. The parties acknowledge that the Escrow Agent is not providing investment supervision, recommendations, or advice.

 

     (c) Upon or before the execution of this Escrow Agreement, the Company shall provide the Escrow Agent with a certified tax identification number by furnishing appropriate IRS form W-9 or W-8 and other forms and documents that the Escrow Agent may reasonably request. The Company understands that if such tax reporting documentation is not so certified to the Escrow Agent, the Escrow Agent may be required by the Internal Revenue Code of 1986, as amended, to withhold a portion of any interest or other income earned on the Investor Funds pursuant to this Escrow Agreement. The Company shall also provide tax reporting documentation for the Investors as the Escrow Agent may reasonably request.

 

     (d) The Company agrees to indemnify and hold the Escrow Agent harmless from and against any and all taxes, additions for late payment, interest, penalties and other expenses that may be assessed against the Escrow Agent on or with respect to the Investor Funds unless any such tax, addition for late payment, interest, penalties and other expenses shall be determined by a court of competent jurisdiction to have been primarily caused by the Escrow Agent’s gross negligence or willful misconduct. The terms of this paragraph shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

 

8. Notices. All notices, requests, demands, and other communications under this Escrow Agreement shall be in writing and shall be deemed to have been duly given (a) on the date of service if served personally on the party to whom notice is to be given, (b) on the day of transmission if sent by facsimile to the facsimile number given below, with written confirmation of receipt, (c) on the day after delivery to Federal Express or similar overnight courier or the Express Mail service maintained by the United States Postal Service, (d) on the fifth day after mailing, if mailed to the party to whom notice is to be given, by first class mail, registered or certified, postage prepaid, and properly addressed, return receipt requested, or (e) via electronic email with an attachment bearing authorized signature(s), to the party as follows:

 

If to the Company:

 

GeoVax Labs, Inc.

ATTN:  Mark Reynolds

1900 Lake Park Drive

Suite 380

Smyrna, Georgia  30090

Telephone:  (678) 384-7224

Facsimile:  (678) 384-7281

Email:  mreynolds@geovax.com

 

  

8

  

 

If to Placement Agent:

 

Gilford Securities Incorporated

ATTN: Ken Sorenson

777 Third Avenue

17th Floor

New York, New York  10017

Telephone:  (212) 940-9245

Facsimile:  (212) ________

Email:  ken.sorenson@gilfordsecurities.com

 

If to Escrow Agent:

 

Wells Fargo Bank, National Association

ATTN:  Stefan Victory

7000 Central Parkway

Suite 550

Atlanta, Georgia  30328

Telephone:  (770) 551-5117

Facsimile:  (770) 551-5118

Email:  stefan.victory@wellsfargo.com

 

Any party may change its address for purposes of this section by giving the other parties written notice of the new address in the manner set forth above.

 

9. Indemnification of Escrow Agent. The Company and the Placement Agent hereby jointly and severally indemnify, defend and hold harmless the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 9 shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

 

  

9

  

 

10. Resignation. The Escrow Agent may resign upon thirty (30) days’ advance written notice to the Company and the Placement Agent. If a successor escrow agent is not appointed within the thirty (30) day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent or interplead the Investor Funds with such court, whereupon the Escrow Agent’s duties hereunder shall terminate.

 

11. Successors and Assigns. Except as otherwise provided in this Escrow Agreement, no party hereto shall assign this Escrow Agreement or any rights or obligations hereunder without the prior written consent of the other parties hereto and any such attempted assignment without such prior written consent shall be void and of no force and effect. This Escrow Agreement shall inure to the benefit of and shall be binding upon the successors and permitted assigns of the parties hereto. Any corporation or association into which the Escrow Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business and assets in whole or in part, or any corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to which the Escrow Agent is a party, shall be and become the successor escrow agent under this Escrow Agreement and shall have and succeed to the rights, powers, duties, immunities and privileges as its predecessor, without the execution or filing of any instrument or paper or the performance any further act.

 

12. Governing Law; Jurisdiction. This Escrow Agreement shall be construed, performed, and enforced in accordance with, and governed by, the internal laws of the State of Delaware, without giving effect to the principles of conflicts of laws thereof.

 

13. Severability. In the event that any part of this Escrow Agreement is declared by any court or other judicial or administrative body to be null, void, or unenforceable, said provision shall survive to the extent it is not so declared, and all of the other provisions of this Escrow Agreement shall remain in full force and effect.

 

14. Amendments; Waivers. This Escrow Agreement may be amended or modified, and any of the terms, covenants, representations, warranties, or conditions hereof may be waived, only by a written instrument executed by the parties hereto, or in the case of a waiver, by the party waiving compliance. Any waiver by any party of any condition, or of the breach of any provision, term, covenant, representation, or warranty contained in this Escrow Agreement, in any one or more instances, shall not be deemed to be nor construed as further or continuing waiver of any such condition, or of the breach of any other provision, term, covenant, representation, or warranty of this Escrow Agreement. The Company and the Placement Agent agree that any requested waiver, modification or amendment of this Escrow Agreement shall be consistent with the terms of the Offering.

 

  

10

  

 

15. Entire Agreement. This Escrow Agreement contains the entire understanding among the parties hereto with respect to the escrow contemplated hereby and supersedes and replaces all prior and contemporaneous agreements and understandings, oral or written, with regard to such escrow.

 

16. References to Escrow Agent. No printed or other matter in any language (including, without limitation, the Offering document, any supplement or amendment relating thereto, notices, reports and promotional material) which mentions the Escrow Agent’s name or the rights, powers, or duties of the Escrow Agent shall be issued by the Company or the Placement Agent, or on the Company’s or Placement Agent’ behalf unless the Escrow Agent shall first have given its specific written consent thereto.

 

17. Section Headings. The section headings in this Escrow Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Escrow Agreement.

 

18. Counterparts. This Escrow Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute the same instrument.

 

 

[REMAINDER OF PAGE INTENTIONALLY BLANK]

 

  

11

  

 

IN WITNESS WHEREOF, the parties hereto have caused this Escrow Agreement to be executed the day and year first set forth above.

 

	
COMPANY:

	  	  
	  	  	  	  	  
	
GEOVAX LABS, INC.

	  	  
	  	  	  	  	  
	
By:

	  	  	  	  
	  	  	  	  	  
	
Name:

	  	  	  	  
	  	  	  	  	  
	
Title:

	  	  	  	  
	  	  	
(Authorized Officer)

	  	  
	  	  	  	  	  
	
PLACEMENT AGENT:

	  	  
	  	  	  	  	  
	  	  	  	  	  
	  	  	  	  	  
	
GILFORD SECURITIES INCORPORATED

	  	  
	  	  	  	  	  
	
By:

	  	  	  	  
	  	  	  	  	  
	
Name:

	  	  	  	  
	  	  	  	  	  
	
Title:

	  	  	  	  
	  	  	
(Authorized Officer)

	  	  
	  	  	  	  	  
	
ESCROW AGENT:

	  	  
	  	  	  	  	  
	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Escrow Agent

	  	  	  	  	  
	
By:

	  	  	  	  
	  	  	  	  	  
	
Name:

	  	  	  	  
	  	  	  	  	  
	
Its:

	  	  	  	  
	  	  	
(Authorized Officer)

	  	  

 

  

12

  

 

EXHIBIT A

 

COPY OF OFFERING DOCUMENT

 

  

13

  

 

EXHIBIT B

 

LIST OF INVESTORS

 

     Pursuant to the Escrow Agreement dated                      by and between GeoVax Labs, Inc. (the “Company”), Gilford Securities Incorporated, (the “Placement Agent”) and Wells Fargo Bank, National Association, as escrow agent (the “Escrow Agent”), the Company and the Placement Agent hereby certify that the following Investors have paid money for the purchase of the Securities (as defined in the Escrow Agreement), and the money has been deposited with the Escrow Agent:

	
1.

	  	
Name of Investor

	  	  	  
	  	  	
[Address]

	  	  	  
	  	  	
[Tax Identification Number]

	  	  	  
	  	  	
[Amount of Securities Subscribed For]

	  	  	  
	  	  	
[Amount of Money Paid and Deposited with Escrow Agent]

	  	  	  
	
2.

	  	
Name of Investor

	  	  	  
	  	  	
[Address]

	  	  	  
	  	  	
[Tax Identification Number]

	  	  	  
	  	  	
[Amount of Securities Subscribed For]

	  	  	  
	  	  	
[Amount of Money Paid and Deposited with Escrow Agent]

	  	  	
Company:

	  	  	  	  
	  	  	
By:

	  	  	  	  
	  	  	
Its:

	  	  	  	  
	  	  	
Date:

	  	  	  	  
	  	  	  	  	  	  	  
	  	  	
Placement Agent:

	  	  	  	  
	  	  	
By:

	  	  	  	  
	  	  	
Its:

	  	  	  	  
	  	  	
Date:

	  	  	  	  

 

  

14

  

 

EXHIBIT C-1

 

CERTIFICATE AS TO AUTHORIZED SIGNATURES

 

The specimen signatures shown below are the specimen signatures of the individuals who have been designated as authorized representatives of GeoVax Labs, Inc. and are authorized to initiate and approve transactions of all types for the escrow account or accounts established under the Escrow Agreement to which this Exhibit C-1 is attached, on behalf of GeoVax Labs, Inc.

 

	
Name / Title

	  	
Specimen Signature

	  	  	  
	  	  	  
	  	  	  
	
Name

	  	
Signature

	  	  	  
	  	  	  
	
  Title

	  	  
	  	  	  
	  	  	  
	  	  	  
	
Name

	  	
Signature

	  	  	  
	  	  	  
	
  Title

	  	  
	  	  	  
	  	  	  
	  	  	  
	
Name

	  	
Signature

	  	  	  
	  	  	  
	
  Title

	  	  
	  	  	  
	  	  	  
	  	  	  
	
Name

	  	
Signature

	  	  	  
	  	  	  
	
  Title

	  	  

 

  

15

  

 

EXHIBIT C-2

 

CERTIFICATE AS TO AUTHORIZED SIGNATURES

 

The specimen signatures shown below are the specimen signatures of the individuals who have been designated as authorized representatives of and are authorized to initiate Gilford Securities Incorporated and approve transactions of all types for the escrow account or accounts established under the Escrow Agreement to which this Exhibit C-2 is attached, on behalf of Gilford Securities Incorporated.

 

	
Name / Title

	  	
Specimen Signature

	  	  	  
	  	  	  
	  	  	  
	
Name

	  	
Signature

	  	  	  
	  	  	  
	
  Title

	  	  
	  	  	  
	  	  	  
	  	  	  
	
Name

	  	
Signature

	  	  	  
	  	  	  
	
  Title

	  	  
	  	  	  
	  	  	  
	  	  	  
	
Name

	  	
Signature

	  	  	  
	  	  	  
	
  Title

	  	  
	  	  	  
	  	  	  
	  	  	  
	
Name

	  	
Signature

	  	  	  
	  	  	  
	
  Title

	  	  

 

  

16

  

 

	 	
EXHIBIT D

 

ESCROW AGENT FEES

	

 

Wells Fargo Corporate Trust Services

Schedule of Fees for Escrow Agent Services

GeoVax Labs, Inc Subscription Escrow

Approximately $10 million

Page 1 of 2

	
Acceptance Fee:

	
$500

Initial Fees as they relate to Wells Fargo Bank acting in the capacity of Escrow Agent – includes review of the Escrow Agreement; acceptance of the escrow appointment; setting up of Escrow Account(s) and accounting records; and coordination of receipt of funds for deposit to the Escrow Account(s). Acceptance Fee payable at time of Escrow Agreement execution.

	
Escrow Account Administration Fee:

	
$3,500

For ordinary administrative services by Escrow Agent – includes daily routine account management; investment transactions; incoming cash transactions processing (including wire and check processing); monitoring claim notices pursuant to the agreement; disbursement of funds in accordance with the agreement; tax reporting for one entity; and providing trust account statements to all applicable parties. This fee is payable in advance per escrow account established per year, with the first installment due at the time of Escrow Agreement execution. The fee covers a full year or any part thereof and therefore will not be prorated or refunded in a year of early termination.

	
Disbursements and Tax Reporting (as applicable):

	  

These charges will apply as applicable should the subscription fail and funds must be returned to investors.

	
Disbursement of Funds, per check or wire:

	
$25.00

	
Tax Reporting, per investor:

	
$25.00

 

	
Out-of-Pocket Expenses

	
At Cost

We will charge for out-of-pocket expenses in response to specific tasks assigned by the client or provided for in the escrow agreement. Possible expenses would be, but are not limited to, express mail and messenger charges, travel expenses to attend closing or other meetings.  There are no charges for indirect out-of-pocket expenses.

	
Account Administration:

	  

 

This account relationship will be managed in our Atlanta office by:

 

Stefan Victory

Vice President and Relationship Manager

Wells Fargo Bank, N.A., Corporate Trust Services

7000 Central Parkway NE, Suite 550, Atlanta, GA 30328

Tel: 770-551-5117 Fax: 770-551-5118

Email: stefan.victory@wellsfargo.com

	
On-Line Statements:

	
Included

Web based access to PDF monthly account statements with email notification when new reports are available.

 

  

17

  

 

	
Wells Fargo Corporate Trust Services

  

Schedule of Fees for Escrow Agent Services

GeoVax Labs, Inc Subscription Escrow

Approximately $10 million

Page 2 of 2

	

 

 

NOTE: This Schedule of Fees is subject to periodic review and adjustment by Wells Fargo. Nothing contained herein shall be deemed to be Wells Fargo’s acceptance of appointment as escrow agent or such other related capacity, which is contingent upon final review, acceptance, and execution of governing documents. Appointment is subject to due diligence and conflict check.

 

Wells Fargo’s bid is based on the following assumptions:

 

	
·

	
Number of Escrow Accounts to be established:  One (1)

 

	
·

	
Number of Deposits to Escrow Account:  Not more than Two Hundred (200)

 

	
·

	
Number of Withdrawals from Escrow Account: Not more than Two Hundred (200)

 

	
·

	
Term of Escrow: Not more than One (1) Year

 

	
·

	
Appointment subject to receipt of requested due diligence information as per the USA Patriot Act

 

	
·

	
This proposal assumes that balances in the account will be invested in a Wells Fargo Money Market Demand Account (MMDA) or Institutional Money Market Account (IMMA)

 

	
·

	
All funds will be received from or distributed to a domestic or an approved foreign entity

 

	
·

	
If the account(s) does not open within three (3) months of the date shown below, this proposal will be deemed to be null and void

 

	
·

	
The charges for performing services not contemplated at the time of the execution of the governing documents, or not specifically covered elsewhere in this schedule, will be determined by appraisal in amounts commensurate with the service to be provided

 

	
·

	
Should anticipated documentation change substantially or the transaction become increasingly complex prior to final closing, Wells Fargo reserves the right to adjust its fees

 

	
·

	
Billings over 30 days past due are subject to a 1.5% per month late payment penalty on balance due.

 

Dated:                      August 31, 2010

 

By:

Susan Thorpe

Vice President, Business Development

Wells Fargo Corporate Trust and Escrow Services

301 East Pine Street, Suite 1150, Orlando, FL 32801

Office: 407-514-2570 / Cell: 407-810-1044

susan.thorpe@wellsfargo.com

 

 

  

18

  

 

EXHIBIT E

 

AGENCY AND CUSTODY ACCOUNT DIRECTION

 FOR CASH BALANCES

 WELLS FARGO MONEY MARKET DEPOSIT ACCOUNTS

 

Direction to use the following Wells Fargo Money Market Deposit Accounts for Cash Balances for the escrow account or accounts (the “Account”) established under the Escrow Agreement to which this Exhibit E is attached.

 

You are hereby directed to deposit, as indicated below, or as I shall direct further in writing from time to time, all cash in the Account in the following money market deposit account of Wells Fargo Bank, National Association:

 

Wells Fargo Money Market Deposit Account (MMDA)

 

I understand that amounts on deposit in the MMDA are insured, subject to the applicable rules and regulations of the Federal Deposit Insurance Corporation (FDIC), in the basic FDIC insurance amount of $250,000 per depositor, per insured bank. This includes principal and accrued interest up to a total of $250,000.

 

I acknowledge that I have full power to direct investments of the Account.

 

I understand that I may change this direction at any time and that it shall continue in effect until revoked or modified by me by written notice to you.

	  	  	  
	  	  	  
	
 Authorized Representative

	  	  
	
GeoVax Labs, Inc.

	  	  
	  	  	  
	  	  	  
	
 Date

	  	  

 

  

19

  

 

EXHIBIT F

 

NOTIFICATION OF RELEASE OF PROCEEDS

 

TO: The Securities Administrators Identified on Schedule 1 Hereto

 

     The undersigned Escrow Agent is releasing the proceeds of the following offering to the issuer or other person entitled to them, in accordance with the terms of the Subscription Escrow Agreement under which such proceeds were held:

 

GEOVAX LABS, INC.

 

Units Consisting of One Share of Common Stock

 and One Warrant to Acquire an Additional Share

Maximum: $10,000,000

 

Date:                     , 20__

 

ESCROW AGENT:

 

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Escrow Agent

	  	  	  	  	  
	
By:

	  	  	  	  
	  	  	  	  	  
	
Its:

	  	  	  	  
	  	  	  	  	  
	
Date:

	  	  	  	  
	  	  	  	  	  
	
Name:

	  	  	  	  
	  	  	  	  	  
	
(Authorized Officer)

	  	  

 

  

20

  

SCHEDULE 1

 

SECURITIES ADMINISTRATORS TO BE NOTIFIED

 

KANSAS

 

Office of the Securities Commissioner

618 South Kansas Avenue

Topeka, Kansas 66603-3804

	  	  	  
	
Telephone:

	  	
(785) 296-3307

	
Facsimile:

	  	
(785) 296-6872

	
Email:

	  	
securities@securities.state.ks.us

	  	  	  
	
ATTENTION:

	  	
Mr. Steven C. Wassom

	  	  	
Director of Finance and Administration

	  	  	
Telephone No.: (785) 296-3307

	  	  	
Kansas File No.: 20115-131

 

MASSACHUSETTS

 

Secretary of the Commonwealth, Securities Division

One Ashburton Place

Room 1701

Boston, Massachusetts 02108

	  	  	  
	
Telephone:

	  	
(617) 727-3548

	
Facsimile:

	  	
(617) 248-0177

	
Web:

	  	
www.state.ma.us/sec/sct/sctidx.htm

	  	  	  
	
ATTENTION:

	  	
Mr. Peter Cassidy

	  	  	
Director of Corporate Finance

 

  

21

  

 

MICHIGAN

 

Department of Labor and Economic Growth

Office of Financial and Insurance Regulation

Ottawa Building, 3 rd  Floor

611 West Ottawa Street

Lansing, Michigan 48933-1070

	  	  	  
	
Telephone:

	  	
(517) 373-0220

	
Facsimile:

	  	
(517) 335-4978

	
Email:

	  	
ofir-sec-info@michigan.gov

	
Web:

	  	
www.michigan.gov/ofir

 

Mailing Address for General Correspondence:

 

Office of Financial and Insurance Regulation

P.O. Box 30220

Lansing, Michigan 48909-7720

 

Mailing Address for Other Securities Filings:

 

Office of Financial and Insurance Regulation

Ottawa Building, 3 rd  Floor

611 West Ottawa Street

Lansing, Michigan 48933-1070

	  	  	  
	
ATTENTION:

	  	
Ms. Anne Brown

	  	  	
Telephone No.: (517) 241-7590

Email: BrownA8@michigan.gov

	  	  	
Michigan File No.: 154826

 

 

MINNESOTA

 

Department of Commerce

85 East 7th Place East

Suite 500

St. Paul, Minnesota 55101

	  	  	  
	
Telephone:

	  	
(651) 296-4973

	
Facsimile:

	  	
(651) 284-4106

	
Email:

	  	
securities.commerce@state.mn.us

	
Web:

	  	
www.commerce.state.mn.us

	  	  	  
	
ATTENTION:

	  	
Mr. Dan Sexton

	  	  	
Supervisor, Securities Registration and Licensing

	  	  	
Telephone No.: (651) 296-4520

	  	  	
Email: dan.sexton@state.mn.us

	  	  	
Minnesota File No.: R-52459

  

22

  

 

NORTH CAROLINA

 

Department of the Secretary of State, Securities Division

 

Regular Mail:

 

P.O. Box 29622

Raleigh, North Carolina 27626-0622

 

Overnight Mail:

 

Old Revenue Complex

2 S. Salisbury Street

Raleigh, North Carolina 27601

	  	  	  
	
Telephone:

	  	
(919) 733-3924

	
Facsimile:

	  	
(919) 821-0818

	
Web:

	  	
www.sosnc.com

	  	  	  
	
ATTENTION:

	  	
Mr. Perry R. Boseman

	  	  	
Director of Securities Registration

	  	  	
Telephone No.: (919) 733-3924

	  	  	
Email: pboseman@sosnc.com

	  	  	
North Carolina File No.: 45325

 

PENNSYLVANIA

 

Pennsylvania Securities Commission

Eastgate Office Building

1010 North 7th Street

2nd Floor

Harrisburg, Pennsylvania 17102-1410

	  	  	  
	
Telephone:

	  	
(717) 787-8062

	
Facsimile:

	  	
(717) 783-5125

	
Email:

	  	
pscwebmaster@state.pa.us

	  	  	  
	
ATTENTION:

	  	
Mr. Brian Ardire

	  	  	
Counsel

	  	  	
Telephone No.: (717) 783-4183

	  	  	
Docket No.: 10-8-004C

 

  

23

  

TEXAS

 

Texas Securities Board

208 East 10th Street

5th Floor

Austin, Texas 78701

 

Mailing Address:

 

P.O. Box 13167

Austin, Texas 78711-3167

	  	  	  
	
Telephone:

	  	
(512) 305-8300

	
Facsimile:

	  	
(512) 305-8310

	  	  	  
	
ATTENTION:

	  	
Mr. Oscar Gonzalez

	  	  	
Telephone No.: (512) 305-8300

	  	  	
Email: ogonzalez@ssb.state.tx.us

 

  

24

  

 

WASHINGTON

 

Department of Financial Institutions, Securities Division

150 Israel Road, SW

Tumwater, Washington 98504-1200

 

Mailing Address:

 

P.O. Box 9033

Olympia, Washington 98507-9033

	  	  	  
	
Telephone:

	  	
(360) 902-8760

	
Facsimile:

	  	
(360) 902-0524

	
Web:

	  	
www.dfi.wa.gov/sd

	  	  	  
	
ATTENTION:

	  	
Mr. Manuel I. Casem

	  	  	
Financial Examiner

	  	  	
Telephone No.: (360) 902-8736

	  	  	
Email: mcasem@dfi.wa.gov

	  	  	
File No.: 70014639

 

WISCONSIN

 

Department of Financial Institutions, Securities Division

345 W. Washington Avenue

4th Floor

Madison, Wisconsin 53703

 

Mailing Address:

 

P.O. Box 1768

Madison, Wisconsin 53701-1768

	  	  	  
	
Telephone:

	  	
(608) 266-1064

	
Facsimile:

	  	
(608) 264-7979

	
Web:

	  	
www.wdfi.org/fi/securities

	  	  	  
	
ATTENTION:

	  	
Ms. Marjorie Sandee

	  	  	
Securities Examiner Bureau of Registration & Enforcement

	  	  	
Telephone No.: (608) 266-3364

	  	  	
Email: Marjorie.sandee@dfi.wisconsin.gov

 

 

25

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