RELIANT ESCROW SHARES

RELIANT ESCROW SHARES. Means 100% of the shares of Thane Common Stock issued to the Controlling Stockholders pursuant to the Merger in accordance with Section 2.8 of the Agreement. The Reliant Escrow Shares are to be deposited by the Controlling Stockholders in connection with the Closing into escrow pursuant to the Escrow Agreement in order to (i) secure the indemnification obligations of the Corporation and the Controlling Stockholders pursuant to Article IX ... hereof, (ii) secure the repayment by the Controlling Stockholders of amounts loaned to them by Thane pursuant to the terms of each of their respective Employment Agreements and (iii) secure the Corporation's satisfaction of certain performance targets established by Thane, the Corporation and the Controlling Stockholders. View More