Document:

Exhibit 10.10

 

ESCROW DEPOSIT AGREEMENT

 

This ESCROW DEPOSIT
AGREEMENT (this “Agreement”) dated as of this 29th day of September, 2017, by and among AGM
GROUP HOLDINGS, INC., a British Virgin Islands company (the “Company”), having an address at 1 Jinghua South
Road, Wangzuo Plaza East Tower, Room 2112, Beijing, People’s Republic of China 100020, NETWORK 1 FINANCIAL SECURITIES
INC. (the “Underwriter”), having an address at 2 Bridge Avenue, Suite 241, Red Bank, NJ 07701 and SIGNATURE
BANK (the “Escrow Agent”), a New York State chartered bank, having an office at 950 Third Ave, 9th Floor,
New York, NY 10022. All capitalized terms not herein defined shall have the meaning ascribed to them in that certain Prospectus,
dated September 19, 2017, including all attachments, schedules and exhibits thereto (the “Prospectus”).

 

W  I
 T  N  E  S  S  E  T  H:

 

WHEREAS, pursuant
to the terms of the Memorandum the Company desires to sell (the “Offering”) a minimum of $5,000,000 (the “Minimum
Amount”) and a maximum of $7,000,000 (the “Maximum Amount”) of its ordinary shares (the “Shares”).
Each Share is being sold at a price of $5.00 per Share, with a minimum investment of $500.00 (which minimum investment may be waived
by Company); and

 

WHEREAS, unless
the Minimum Amount is sold by 90 days from the effective date of the Registration Statement (the Termination Date”),
or up to 60 additional days if extended by agreement of the Company and the Underwriter (the “Final Termination Date”),
the Offering shall terminate and all funds shall be returned to the Investors in the Offering, and if the Minimum Amount is met,
the Offering may continue until the Termination Date or Final Termination Date as applicable; and

 

WHEREAS, the
Company and Underwriter desire to establish an escrow account with the Escrow Agent into which the Company and Underwriter shall
instruct Investors introduced to the Company by Underwriter (the “Investors”) to deposit checks and other instruments
for the payment of money made payable to the order of “Signature Bank as Escrow Agent for AGM Group Holdings, Inc.,”
and Escrow Agent is willing to accept said checks and other instruments for the payment of money in accordance with the terms hereinafter
set forth; and

 

WHEREAS, the
Company, as issuer, and Underwriter, as an introducing broker-dealer, represent and warrant to the Escrow Agent that they will
comply with all of their respective obligations under applicable state and federal securities laws and regulations with respect
to sale of the Offering; and 

 

WHEREAS, the
Company and Underwriter represent and warrant to the Escrow Agent that they have not stated to any individual or entity that the
Escrow Agent’s duties will include anything other than those duties stated in this Agreement; and

 

WHEREAS, the
Company and Underwriter warrant to the Escrow Agent that a copy of each document that has been delivered to Investors and third
parties that include Escrow Agent’s name and duties, has been attached hereto as Schedule I.

 

     

     

    

 

NOW, THEREFORE, IT IS AGREED as
follows:

 

1. Delivery
of Escrow Funds.

 

(a)  On
or prior to the date of the commencement of the Offering, the parties shall establish a non-interest bearing escrow account with
the Escrow Agent, which escrow account shall be entitled “AGM Group Holdings, Inc., Signature Bank, as Escrow Agent”
(the “Escrow Account”). Underwriter and the Company shall instruct Investors to deliver to Escrow Agent checks made
payable to the order of “Signature Bank, as Escrow Agent for AGM Group Holdings, Inc.,” or wire transfer to Signature
Bank, 950 Third Ave, 9th Floor, New York, NY 10022, ABA No. 026013576 for credit to Signature Bank, as Escrow Agent for AGM Group
Holdings, Inc., Account No. 1502984515, in each case, with the name and address of the individual or entity making payment. The
Underwriter shall forward any and all checks, drafts, and money orders so received by the Underwriter to the Escrow Agent by noon
of the next business day following the receipt, together with a written account of each purchaser which sets forth, among other
things, the name and address of the purchaser, the number of securities purchased and the amount paid therefor. Any checks received
which are made payable to any party other than the Escrow Agent, shall be returned to the Investor who submitted the check and
not accepted. In the event any Investor’s address is not provided to Escrow Agent by the Investor, then Underwriter and/or
the Company agree to promptly provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited
into the Escrow Account.

 

(b) The
Underwriter agrees that it shall promptly deliver all monies received from the Investors for the payment of the Shares to the Escrow
Agent for deposit in the Escrow Account together with a written account of each sale, which account shall set forth, among other
things, the Investor's name and address, the number of securities purchased, the amount paid therefor, and whether the consideration
received was in the form of a check, draft, or money order. The collected funds deposited into the Escrow Account are referred
to as the “Escrow Funds.”

 

(c) The
Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow
Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole
duty of the Escrow Agent shall be to return the check to the Investor and advise the Company and Underwriter promptly thereof.

 

2. Release
of Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following:

 

(a) In
the event that the Company and Underwriter advise the Escrow Agent in writing that the Offering has been terminated (the “Termination
Notice”), the Escrow Agent shall promptly return the funds paid by each Investor to said Investor without interest or
offset by noon of the next business day after the Termination Date.

 

(b) If prior to
3:00 P.M. Eastern time on the Termination Date, the Escrow Agent receives written notice, in the form of Exhibit A, attached hereto
and made a part hereof, and signed by the Company and Underwriter, stating that the Termination Date has been extended to the Final
Termination Date (the “Extension Notice”), then the Termination Date shall be so extended. 

 

    	 	2	 

     

    

 

(c)  Provided
that the Escrow Agent does not receive the Termination Notice in accordance with Section 2(a) and there is the Minimum Amount deposited
into the Escrow Account on or prior to later of the Termination Date or the date stated in the Extension Notice, if any, received
by the Escrow Agent in accordance with Section 2(b) above, the Escrow Agent shall, upon receipt of written instructions, in the
form of Exhibit B, attached hereto and made a part hereof, or in a form and substance satisfactory to the Escrow Agent, received
from the Company and Underwriter, pay the Escrow Funds in accordance with such written instructions, such payment or payments to
be made by wire transfer within one (1) business day of receipt of such written instructions. Such instructions must be received
by the Escrow Agent no later than 3:00 PM Eastern Time on a Banking Day for the Escrow Agent to process such instructions that
Banking Day. In no event will the escrow amount be released to the Company until such amount is received by the Escrow Agent in
the Escrow Funds.

 

(d) If
by 3:00 P.M. Eastern time on the later of the Termination Date or the date stated in the Extension Notice, if any, that the Escrow
Agent has received in accordance with Section 2(b) above, the Escrow Agent has not received written instructions from the Company
and Underwriter regarding the disbursement of the Escrow Funds or the total amount of the Escrow Funds is less than the Minimum
Amount, then the Escrow Agent shall promptly return the Escrow Funds to the Investors without interest or offset by noon of the
next business day after the Termination Date, or the Final Termination as applicable. The Escrow Funds returned to each Investor
shall be free and clear of any and all claims of the Escrow Agent.

 

(e) The
Escrow Agent shall not be required to pay any uncollected funds or any funds that are not available for withdrawal.

 

(f) If
the Termination Date, Final Termination Date or any date that is a deadline under this Agreement for giving the Escrow Agent notice
or instructions or for the Escrow Agent to take action is not a Banking Day, then such date shall be the Banking Day that immediately
preceding that date. A “Banking Day” is any day other than a Saturday, Sunday or a day that a New York State
chartered bank is not legally obligated to be opened.

 

(g) The
escrow period (“Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the
earlier to occur of the following dates:

 

A. The date upon
which the Escrow Agent confirms that it has received in the Escrow Account the Minimum Amount;

 

B. The Termination
Date or Final Termination Date as applicable;

 

C. The date upon
which a determination is made by the Company and the Underwriter to terminate the Offering prior to the sale of the Minimum Amount.

 

During the Escrow Period,
the Company is aware and understands that pursuant to the terms herein it is not entitled to any funds received into escrow and
no amounts deposited in the Escrow Accounts shall become property of the Company or any other entity, or be subject to the debts
of the Company or any other entity.

 

    	 	3	 

     

    

 

3. Acceptance
by Escrow Agent. The Escrow Agent hereby accepts and agrees to perform its obligations hereunder, provided that:

 

(a) The
Escrow Agent may act in reliance upon any signature believed by it to be genuine, and may assume that any person who has been designated
by Underwriter or the Company to give any written instructions, notice or receipt, or make any statements in connection with the
provisions hereof has been duly authorized to do so. Escrow Agent shall have no duty to make inquiry as to the genuineness, accuracy
or validity of any statements or instructions or any signatures on statements or instructions. The names and true signatures of
each individual authorized to act singly on behalf of the Company and Underwriter are stated in Schedule II, which is attached
hereto and made a part hereof. The Company and Underwriter may each remove or add one or more of its authorized signers stated
on Schedule II by notifying the Escrow Agent of such change in accordance with this Agreement, which notice shall include
the true signature for any new authorized signatories.

 

(b) The
Escrow Agent may act relative hereto in reliance upon advice of counsel in reference to any matter connected herewith. The Escrow
Agent shall not be liable for any mistake of fact or error of judgment or law, or for any acts or omissions of any kind, unless
caused by its willful misconduct or gross negligence.

 

(c) Underwriter
and the Company agree to indemnify and hold the Escrow Agent harmless from and against any and all claims, losses, costs, liabilities,
damages, suits, demands, judgments or expenses (including but not limited to reasonable attorney’s fees) claimed against
or incurred by Escrow Agent arising out of or related, directly or indirectly, to this Escrow Agreement unless caused by the Escrow
Agent’s gross negligence or willful misconduct.

 

(d) In
the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder, the Escrow Agent shall be entitled to
(i) refrain from taking any action other than to keep safely the Escrow Funds until it shall be directed otherwise by a court of
competent jurisdiction, or (ii) deliver the Escrow Funds to a court of competent jurisdiction.

 

(e) The
Escrow Agent shall have no duty, responsibility or obligation to interpret or enforce the terms of any agreement other than Escrow
Agent’s obligations hereunder, and the Escrow Agent shall not be required to make a request that any monies be delivered
to the Escrow Account, it being agreed that the sole duties and responsibilities of the Escrow Agent shall be to the extent not
prohibited by applicable law (i) to accept checks or other instruments for the payment of money and wire transfers delivered to
the Escrow Agent for the Escrow Account and deposit said checks and wire transfers into the non-interest bearing Escrow Account,
and (ii) to disburse or refrain from disbursing the Escrow Funds as stated above, provided that the checks received by the Escrow
Agent have been collected and are available for withdrawal.

 

    	 	4	 

     

    

 

4. Escrow
Account Statements and Information. The Escrow Agent agrees to send to the Company and/or the Underwriter a copy of the Escrow
Account periodic statement, upon request in accordance with the Escrow Agent’s regular practices for providing account statements
to its non-escrow clients and to also provide the Company and/or Underwriter, or their designee, upon request other deposit account
information, including Escrow Account balances, by telephone or by computer communication, to the extent practicable. The Company
and Underwriter agree to complete and sign all forms or agreements required by the Escrow Agent for that purpose. The Company and
Underwriter each consent to the Escrow Agent’s release of such Escrow Account information to any of the individuals designated
by Company or Underwriter, which designation has been signed in accordance with Section 3(a) by any of the persons in Schedule
II. Further, the Company and Underwriter have an option to receive e-mail notification of incoming and outgoing wire transfers.
If this e-mail notification service is requested and subsequently approved by the Escrow Agent, the Company and Underwriter agrees
to provide a valid e-mail address and other information necessary to set-up this service and sign all forms and agreements required
for such service. The Company and Underwriter each consent to the Escrow Agent’s release of wire transfer information to
the designated e-mail address(es). The Escrow Agent’s liability for failure to comply with this section shall not exceed
the cost of providing such information.

 

5. Resignation
and Termination of the Escrow Agent. The Escrow Agent may resign at any time by giving 30 days’ prior written notice
of such resignation to Underwriter and the Company. Upon providing such notice, the Escrow Agent shall have no further obligation
hereunder except to hold as depositary the Escrow Funds that it receives until the end of such 30-day period. In such event, the
Escrow Agent shall not take any action, other than receiving and depositing Investors checks and wire transfers in accordance with
this Agreement, until the Company has designated a banking corporation, trust company, attorney or other person as successor. Upon
receipt of such written designation signed by Underwriter and the Company, the Escrow Agent shall promptly deliver the Escrow Funds
to such successor and shall thereafter have no further obligations hereunder. If such instructions are not received within 30 days
following the effective date of such resignation, then the Escrow Agent may deposit the Escrow Funds held by it pursuant to this
Agreement with a clerk of a court of competent jurisdiction pending the appointment of a successor. In either case provided for
in this Section, the Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising
with respect to the Escrow Funds.

 

6. Term;
Termination. This Agreement shall terminate upon the disbursement of all Escrow Funds in the Escrow Account (except with respect
to provisions hereof which are specifically intended to survive such termination). The Company and Underwriter may terminate the
appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect,
which date shall be at least 30 days from the date of such notice. In the event of such termination, the Company and Underwriter
shall, within 30 days of such notice, appoint a successor escrow agent and the Escrow Agent shall, upon receipt of written instructions
signed by the Company and Underwriter, turn over to such successor escrow agent all of the Escrow Funds; provided, however,
that if the Company and Underwriter fail to appoint a successor escrow agent within such 30-day period, such termination notice
shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow
Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and
Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the
Escrow Funds and under this Agreement.

 

    	 	5	 

     

    

 

7. Investment.
All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at Signature Bank.

 

8. Compensation.
Escrow Agent shall be entitled, for the duties to be performed by it hereunder, to a fee of $4,000.00, which fee shall be paid
by the Company upon the signing of this Agreement. In addition, the Company shall be obligated to reimburse Escrow Agent for all
fees, costs and expenses incurred or that become due in connection with this Agreement or the Escrow Account, including reasonable
attorney’s fees. Neither the modification, cancellation, termination or rescission of this Agreement nor the resignation
or termination of the Escrow Agent shall affect the right of Escrow Agent to retain the amount of any fee which has been paid,
or to be reimbursed or paid any amount which has been incurred or becomes due, prior to the effective date of any such modification,
cancellation, termination, resignation or rescission. To the extent the Escrow Agent has incurred any such expenses, or any such
fee becomes due, prior to any closing, the Escrow Agent shall advise the Company and the Company shall direct all such amounts
to be paid directly at any such closing. The Escrow Agent shall be entitled to a fee of $1,000 in the event the Agreement is amended
for any reason in accordance with Section 10(d).

 

9. Notices.
All notices, requests, demands and other communications required or permitted to be given hereunder shall be in writing and shall
be deemed to have been duly given if sent by hand-delivery, by facsimile (followed by first-class mail), by nationally recognized
overnight courier service or by prepaid registered or certified mail, return receipt requested, to the addresses set forth below:

 

If to Underwriter:

 

Network 1 Financial Securities,
Inc.

2 Bridge
Avenue, Suite 241

Red Bank,
NJ 07701

Attention:
Damon D. Testaverde, CEO

Fax: (732)
758-6671

 

With copy to:

 

Mei &
Mark LLP

818 18th
Street NW, Suite 410

Washington,
D.C., 20006

Attention:
Fang Liu, Esq.

 

If to the Company:

 

AGM Group Holdings, Inc.

1 Jinghua South Road, Wangzuo Plaza
East Tower

Room 2112

Beijing, People’s Republic
of China 100020

Attention:
Mr. Wenjie Tang, CEO

 

    	 	6	 

     

    

 

With copy to:

 

Ortoli Rosenstadt
LLP

501 Madison
Avenue, 14th Floor

New York,
NY 10022

	 	Attention:	William S. Rosenstadt, Esq.
		 	Mr. Mengyi “Jason” Ye,
    Esq.

 

If to Escrow Agent:

 

Signature Bank

950 Third Ave, 9th Floor

New York, NY 10022

Attention: John Gonzalez,
Senior Vice President

Fax: +1 646 822 1520

 

With copy to:

 

Signature
Bank

565 Fifth
Avenue, 8th Floor

New York,
New York 10017

Attention:
General Counsel

Fax: +1 646
758-8188

 

10. General.

 

(a) This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York applicable to agreements
made and to be entirely performed within such State, without regard to choice of law principles and any action brought hereunder
shall be brought in the courts of the State of New York, located in the County of New York. Each party hereto irrevocably waives
any objection on the grounds of venue, forum nonconveniens or any similar grounds and irrevocably consents to service of process
by mail or in any manner permitted by applicable law and consents to the jurisdiction of said courts. EACH OF THE PARTIES HERETO
HEREBY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF THE TRANSACTIONS CONTEMPLATED
BY THIS AGREEMENT.

 

(b) This
Agreement sets forth the entire
agreement and understanding of the parties with respect to the matters contained herein and supersedes all prior agreements, arrangements
and understandings relating thereto.

 

(c) All
of the terms and conditions of this Agreement shall be binding upon, and inure to the benefit of and be enforceable by, the parties
hereto, as well as their respective successors and assigns.

 

    	 	7	 

     

    

 

(d) This
Agreement may be amended, modified, superseded or canceled, and any of the terms or conditions hereof may be waived, only by a
written instrument executed by each party hereto or, in the case of a waiver, by the party waiving compliance. The failure of any
party at any time or times to require performance of any provision hereof shall in no manner affect its right at a later time to
enforce the same. No waiver of any party of any condition, or of the breach of any term contained in this Agreement, whether by
conduct or otherwise, in any one or more instances shall be deemed to be or construed as a further or continuing waiver of any
such condition or breach or a waiver of any other condition or of the breach of any other term of this Agreement. No party may
assign any rights, duties or obligations hereunder unless all other parties have given their prior written consent.

 

(e) If
any provision included in this Agreement proves to be invalid or unenforceable, it shall not affect the validity of the remaining
provisions.

 

(f) This
Agreement and any modification or amendment of this Agreement may be executed in several counterparts or by separate instruments
and all of such counterparts and instruments shall constitute one agreement, binding on all of the parties hereto.

 

11. Regulatory
Compliance.

 

(a)  The
Company and Underwriter agree to observe and comply, to the extent applicable, with all anti-money laundering laws, rules and regulations
including, without limitation, regulations issued by the Office of Foreign Assets Control (“OFAC”) of the United
States Department of Treasury and the Financial Crimes Enforcement Network of the U.S. Department of Treasury. Company and Underwriter
represent and warrant to Escrow Agent that (i) no Investor shall be located in an OFAC sanctioned country; (ii) no Investor shall
be a person listed on OFAC’s list of Specially Designated Nationals and Blocked Persons, or other government sanctioned list;
and (iii) except as otherwise specifically provided in this Section, none of the escrow funds shall originate from an OFAC sanctioned
country. Company and Underwriter acknowledge and agree that if Escrow Agent receives a “hit” or “alert”
in connection with a Investor, Company and/or Underwriter shall provide Escrow Agent with the name, address and date of birth of
such Investor or person within a timely manner. In the event that the Escrow Agent is unable to clear the “hit” or
“alert” using such information, Company and Underwriter agree to reasonably cooperate with Escrow Agent and provide
such additional information as Escrow Agent may reasonably request in order to evaluate the subject transfer. Additionally, if
Escrow Agent receives a funds transfer that originated from an OFAC sanctioned country, Company and Underwriter shall provide Escrow
Agent with evidence of OFAC approval, reasonably satisfactory to Escrow Agent, appropriate for the specific sanctions program that
permits the subject funds transfer (“OFAC Approval”). Company and Underwriter further acknowledge and agree
that Escrow Agent shall “block” or “reject” (as the case may be) any monies or funds without liability
hereunder, unless and until the “hit” or “alert” is cleared, such Investor’s or person transferring
funds on behalf of Investor’s identity has been verified to Escrow Agent’s reasonable satisfaction, or the OFAC Approval
has been provided to and verified by Escrow Agent. Funds rejected by the Escrow Agent are returned to the Investor and will be
rejected if required by the regulation or as Escrow Agent deems necessary. Escrow Agent shall not be obligated to accept funds
that are received from third parties on behalf of, or for the benefit of, Investor.

 

    	 	8	 

     

    

 

(b) Company
and Underwriter shall provide to the Escrow Agent such information regarding the Company and Underwriter, any prospective or actual
Investor, or any person transferring funds on behalf of any prospective or actual Investor as the Escrow Agent may require to enable
the Escrow Agent to comply with its obligations under the Bank Secrecy Act of 1970, as amended (the “BSA”),
or any regulations enacted pursuant to the BSA or any regulations, guidance, supervisory directive or order of the New York State
Department of Financial Services or Federal Deposit Insurance Corporation. The Escrow Agent shall not make any payment of all or
any portion of the Escrow Funds to any person unless and until such person has provided to the Escrow Agent such documents as the
Escrow Agent may require to enable the Escrow Agent to comply with its obligations under the BSA.

 

(c) To
help the United States government fight funding of terrorism and money laundering activities, Federal law requires all financial
institutions to obtain, verify, and record information that identifies each person who opens an account. When an account is opened,
and from time to time as may be required by the Escrow Agent’s internal policies and procedures, the Escrow Agent shall be
entitled to ask for information that will allow the Escrow Agent to identify relevant parties. For a non-individual person such
as a business entity, a charity, a trust, or other legal entity, the Escrow Agent may ask for documentation to verify its formation
and existence as a legal entity. The Escrow Agent may also ask to see financial statements, licenses, identification, and authorization
documents from individuals claiming authority to represent the entity or other relevant documentation. Company and Underwriter
acknowledge that a portion of the identifying information set forth herein is being requested by the Escrow Agent in connection
with Title III of the USA Patriot Act, Pub.L. 107-56 (the “Act”), and each party agrees to provide any additional
information requested by the Escrow Agent in its sole discretion in connection with the Act or any other legislation, regulation,
regulatory order or published guidance to which the Escrow Agent is subject, in a timely manner.

 

12. Form
of Signature. The parties hereto agree to accept a facsimile transmission copy of their respective actual signatures as evidence
of their actual signatures to this Agreement and any modification or amendment of this Agreement; provided, however,
that each party who produces a facsimile signature agrees, by the express terms hereof, to place, promptly after transmission of
his or her signature by fax, a true and correct original copy of his or her signature in overnight mail to the address of the other
party.

 

13.  No
Third-Party Beneficiaries. This Agreement is solely for the benefit of the parties and their respective successors and permitted
assigns, and no other person has any right, benefit, priority, or interest under or because of the existence of this Agreement.

 

    	 	9	 

     

    

 

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

 

	AGM
    GROUP HOLDINGS, INC.	 	NETWORK 1 FINANCIAL
    SECURITIES INC.
	 	 	 	 	 	 	 
	By:	/s/ Wenjie
    Tang	 	By:	/s/ Damon D.
    Testaverde
	 	Name:	Wenjie Tang	 	 	Name:  	Damon D. Testaverde
	 	Title:  	CEO	 	 	Title:	CEO
	 	 	 	 	 	 	 
	SIGNATURE BANK	 	 	 	 
	 	 	 	 	 	 	 
	By:	/s/ John Gonzalez	 	 	 	 
	 	Name:	John Gonzalez	 	 	 	 
	 	Title:	Senior Vice President	 	 	 	 
	 	 	 	 	 	 	 
	By:	/s/ Stephen
    Fay	 	 	 	 
	 	Name:	Stephen Fay	 	 	 	 
	 	Title:	Senior Client Associate Officer	 	 	 	 

 

    	 	10	 

     

    

 

Schedule
I

 

OFFERING
DOCUMENTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	11	 

     

    

 

 

Schedule
II

 

The
Escrow Agent is authorized to accept instructions signed or believed by the Escrow Agent to be signed by any one of the following
on behalf of the Company and Underwriter.

 

AGM
Group Holdings, Inc.

 

	Name	 	True
    Signature
	 	 	 
	Wenjie
    Tang	 	/s/
    Wenjie Tang

 

Network
1 Financial Securities Inc.

 

	Name	 	True
    Signature
	 	 	 
	Damon
    D. Testaverde	 	
	 	 	 

  

    	 	12	 

     

    

 

Exhibit
A

 

FORM
OF ESCROW RELEASE NOTICE

 

Date:

 

Signature
Bank

950
Third Ave, 9th Floor

New
York, NY 10022

Attention:
John Gonzalez, Group Director & SVP

 

Dear
Mr. Gonzalez:

 

In
accordance with the terms of Section 2(c) of an Escrow Deposit Agreement dated as of ________ __, 20__ (the "Escrow Agreement"),
by and between AGM Group Holdings, Inc. (the "Company"), Signature Bank (the "Escrow Agent")
and Network 1 Financial Securities, Inc. ("Underwriter"), the Company and Underwriter hereby notify the Escrow
Agent that the closing will be held on ___________ for gross proceeds of $_________.

 

PLEASE
DISTRIBUTE FUNDS BY WIRE TRANSFER AS FOLLOWS (wire instructions attached):

 

________________________:                                $

 

________________________:                                $

 

________________________:                                $

 

 

Very
truly yours,

 

	AGM
    Group Holdings, Inc.	 
	 	 	 
	By:	            	 
	Name:	 	 
	Title:	 	 
	 	 	 
	Network
    1 Financial Securities, Inc.	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:From: Thomas Lindholm IORG [mailto:thomas.lindholm@intreorg.com] 
Sent: Wednesday, October 11, 2017 12:15 PM
To: 'Redgie Green'
Subject: FW: Resignation Letter

 

Redgie, 

Thank you for your service as Director. I wish you the best in your endeavors.  

Regards, 

Tom 

Thomas E. Lindholm

Executive Director

 

 

 

Intreorg Systems, Inc. 

556 Silicon Drive, Suite 103

Southlake, Texas 76092

 

Phone: 817-313-5005

Email: thomas.lindholm@intreorg.com

Website: www.intreorg.com

Skype: telindholm

 

From: Redgie Green [mailto:reg@bajabb.com] 
Sent: Wednesday, October 11, 2017 8:08 AM
To: 'Tom Lindholm'
Subject: Resignation Letter

 

Tom - Effective today, please accept my resignation as a Director of the company.  My resignation is as a result of:

 

a) continuing concerns about not having a Board populated properly with qualified non interested Directors

b) refusal to accept or even seek alternative legal advice about the issue of delinquency in the company's SEC filings, and filing a form 15

c)  The failure of the company to review the internal controls and procedures, which are obviously ineffective when the financials are not completed, and solve the problem with outside accountants

d)  Continuing threats by a shareholder who appears to want to assert control, and has two contracts with the company through controlled entities

e) failure to engage IP counsel and independent software analysts to review the technology which is the subject of a License agreement, prior to renewing

f)  refusal of the company to accept my offers to bring financing into the company

g) refusal to seek independent legal counsel review and advice on the new proposed consulting agreement with a major shareholde'rs controlled company, which effectively grants control of most corporate functions to the consultant

 

There are other concerns but the above is enough.

 

Best Regards,

Redgie Green

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