AMENDMENT NO. 1 Dated October 12, 2011 to ESCROW AGREEMENT Dated July 18, 2011
ARROGENE NANOTECHNOLOGY, INC. 5777 West Century Blvd # 360B Los Angeles, CA 90045 | SRKP 16, INC. 4737 North Ocean Drive, Suite 207 Lauderdale by the Sea, FL 33308 |
GVC CAPITAL LLC 5350 S. Roslyn Street, Suite 400 Greenwood Village, CO 80111 | WESTPARK CAPITAL, INC. 1900 Avenue of the Stars, Suite 310 Los Angeles, CA 90067 |
STEELE STREET BANK & TRUST 55 Adams Street Denver, CO 80206 |
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AMENDMENT NO. 1
Dated October 12, 2011
to
ESCROW AGREEMENT
Dated July 18, 2011
The Escrow Agreement dated July 18, 2011, among Arrogene NanoTechnology, Inc. (“Arrogene”), SRKP 16, Inc. (“SRKP”), GVC Capital LLC (“GVC”), and WestPark Capital, Inc. (“WestPark”) is amended as follows:
1.
The “Minimum Offering” is 1,000,000 Units.
2.
The “Minimum Amount” is $1,000,000.
3.
The “Collection Date” is October 31, 2011.
4.
The “Escrow Termination Date” shall be the first to occur of the following:
(i)
October 31, 2011, (which date may be extended to December 15, 2011, by the Company and the Placement Agent by notice to the Escrow Agent); or
(ii)
The date the Escrow Agent receives a mutual written agreement of Arrogene, SRKP, GVC, and WestPark to terminate the Escrow.
IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as of the date and year first above written.
THE COMPANIES: Arrogene NanoTechnology, Inc. By: /s/ Maurizio Vecchione Maurizio Vecchione CEO | SRKP 16, INC By: /s/ Richard Rappaport Richard Rappaport President | ||
THE PLACEMENT AGENTS: GVC Capital LLC By: __/s/ Vicki D. E. Barone_____ Vicki D. E. Barone Senior Managing Partner |
WestPark Capital, Inc. By: /s/ Richard Rappaport Richard Rappaport CEO | ||
THE ESCROW AGENT: Steele Street Bank & Trust By: /s/ Geoffrey M. Long____ Geoffrey M. Long Vice President |
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