Business Sale and Acquisition Forms > Security Agreements

This sample Escrow and Stock Pledge Agreement form protects the seller of stock in a corporation, who is financing the sale of such stock by accepting a promissory note from the Purchaser, by securing and collateralizing Purchaser's obligations under the note with the stock being purchased.  Should Purchaser default under the note, the stock being pledged by the Purchaser is returned to Seller, though not as Seller's exclusive remedy with regard to Purchaser's default.  The Agreement furthermore addresses issues associated with the appointment and duties of an Escrow Agent to hold the pledged stock in escrow until the note is paid or the pledge agreement otherwise terminates.


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