Department of Financial Trading - Washington, DC

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Department of Financial Trading

The Department of Financial Trading is established to promote investor confidence in the securities and capital markets by providing more structure and ...

depft.org/The is established to promote investor confidence in the securities and capital markets by providing more structure and government oversight. The mission of the ...

www.depft.org/glossary.phpRestricted Stock. Insider holdings that are under some other kind of sales restriction. Restricted stock must be traded in compliance with special regulations.

Penny stocks are low-priced stocks that typically start out at less than one dollar per share. They are sold on the premise of significant potential growth.

depft.org/developments.php401(k) Contributions Hit 10-Year High. The average 401(k) savings hit a 10-year high at the end of 2010 to nearly $72,000, an increase of nearly 12 percent from ...

CONTENT EXAMPLE:

PRIVATE STOCK PURCHASE AND ESCROW AGREEMENT
decree, the Regulator shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason of such
decree being subsequently reversed, modified, annulled, set aside, vacated or found to have been entered without jurisdiction.
5.10 The Regulator shall not be liable in any respect on account of the identity, authorization or rights of the parties executing or
delivering or purporting to execute or deliver this Agreement or any documents or papers deposited or called for thereunder.
5.11 The Regulator shall be entitled to employ such legal counsel and other experts as the Regulator may deem necessary
properly to advise the Regulator in connection with the Regulator’s duties hereunder, may rely upon the advice of such counsel,
and may pay such counsel reasonable compensation therefor which shall be paid by the Escrow Agreement. The Regulator has
acted as legal counsel for the Issuer, and may continue to act as legal counsel to the Issuer, from time to time, notwithstanding
its duties as the Regulator hereunder. The Seller and Purchasers consent to the Regulator in such capacity as legal counsel for
the Issuer and waive any claim that such representation represents a conflict of interest on the part of the Regulator. The Seller
and Purchasers understand that the Regulator is relying explicitly on the foregoing provision in entering into this Agreement.
5.12 The Regulator’s responsibilities as Regulator hereunder shall terminate if the Regulator shall resign by written notice to the
Seller and the Purchasers. In the event of any such resignation, the Purchasers and the Seller shall appoint a successor Regulator.
5.13 If the Regulator reasonably requires other or further instruments in connection with this Agreement or obligations in
respect hereto, the necessary parties hereto shall join in furnishing such instruments.
5.14 It is understood and agreed that should any dispute arise with respect to the delivery and/or ownership or right of
possession of the documents or the escrow funds held by the Regulator hereunder, the Regulator is authorized and directed in
the Regulator’s sole discretion (1) to retain in the Regulator’s possession without liability to anyone all or any part of said
documents or the escrow funds until such disputes shall have been settled either by mutual written agreement of the parties
concerned by a final order, decree or judgment or a court of competent jurisdiction after the time for appeal has expired and no
appeal has been perfected, but the Regulator shall be under no duty whatsoever to institute or defend any such proceedings or
(2) to deliver the escrow funds and any other property and documents held by the Regulator hereunder to a state or Federal court
having competent subject matter jurisdiction in accordance with the applicable procedure therefor.
5.15 The Seller and each Purchaser agree jointly and severally to indemnify and hold harmless the Regulator and its partners,
employees, agents and representatives from any and all claims, liabilities, costs or expenses in any way arising from or relating
to the duties or performance of the Regulator hereunder or the transactions contemplated hereby other than any such claim,
liability, cost or expense to the extent the same shall have been determined by final, unappealable judgment of a court of
competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Regulator.

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