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Escrowed Shares

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Escrowed Shares
Shares in a publicly-traded company held by a third party on behalf of two parties to a transaction until certain conditions are filled. For example, a third party may hold escrowed shares that a potential acquiring company placed as the equivalent of earnest money for the target company. See also: Escrow Agent.


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A final resolution was passed that the existing release provisions governing 191,250 escrowed shares held by Mr.
35 million, the escrowed shares will be distributed pro-rata to investors who participated in the private placement.
It was also approved by approximately 82 percent of the shares other than shares owned by Harbinger's affiliates, any director or officer of SkyTerra and any of their respective affiliates and the Escrowed Shares (as defined in the Agreement).
 
 
 
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