In a typical escrow share
arrangement, specific shareholders place all or a portion of their shares in escrow with the return of the shares conditioned on the achievement of certain performance goals.
Assuming a specified cash return is achieved from the subsequent resale of certain shares of common stock issued by Jaguar to one of Napo's existing secured creditors in connection with the merger, as described further below, the Napo Holders will be entitled to receive their pro rata share of the Escrow Shares
following the release of the Escrow Shares
If Telenor wins the arbitration tribunal ruling, it would have the right to take the escrow shares
and pay Vimpelcom a sum Telenor has said was about 15 billion crowns ($2.
will be released in whole or in part to former Neuromed stockholders based upon the outcome and timing of the FDA's review of the New Drug Application (NDA) of the product candidate Exalgo, which has a February 22,