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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: SEC-ond-chance who wrote (80673)	10/1/2002 10:01:55 PM
From: SEC-ond-chance	Respond to of 122087

A day later...... Asia Fiber Holdings Ltd · SB-2 · On 2/12/2 · p. 159 SB-2 159th Page of 218 TOC Just 1st Just Previous Just Next Bottom Just 159th EXHIBIT E ESCROW AGREEMENT ESCROW AGREEMENT (this "Agreement"), dated as of________, 2001, by and between Asia Fiber Holdings Limited, a Delaware corporation with its principal place of business at Room 2105, 21/F West Tower, Shun Tak Centre, 200 Connaught Rd., Sheung Wan, Hong Kong (the "Company"); Kaplan Gottbetter & Levenson, LLP with its principal place of business at 630 Third Avenue, New York, NY 10017 (the "Escrow Agent"); and GEM Global Yield Fund Limited, a company with offices at Hunkins Waterfront Plaza, P.O. Box 556, Main Street, Nevis, West Indies (the "Purchaser"). RECITALS A. Simultaneously with the execution of this Agreement, the Purchaser and the Company entered into a Convertible Preferred Stock Purchase Agreement (the "Purchase Agreement"), dated as of the date hereof and incorporated herein by reference, pursuant to which the Company has agreed to issue and sell and the Purchaser has agreed to purchase certain of the Company's preferred stock (the "Preferred Stock") and in connection therewith the Company has agreed to issue certain of its warrants (the "Warrants," and together with the Preferred Stock, the "Securities"), and the Company has granted the Escrow Agent a power of attorney (the "Power of Attorney") with respect to the Securities and the Escrow Shares (collectively, the "Escrow Shares"). B. The Escrow Agent is willing to act as escrow agent pursuant to the terms of this Agreement with respect to the purchase of the Preferred Stock. C. All capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Purchase Agreement. NOW, THEREFORE, IT IS AGREED: 1. PROCEDURE FOR ESCROW. The procedures of the escrow shall be governed by the provisions of Article 2 of the Purchase Agreement and Exhibit D thereto. 2. TERMS OF ESCROW. The terms of the escrow shall be governed by Article 4 of the Purchase Agreement, Articles 4 and 5 of the Certificate of Designation and Article 2 of the Warrant. 3. DUTIES AND OBLIGATIONS OF THE ESCROW AGENT. (a) The parties hereto agree that the duties and obligations of the Escrow Agent shall be only those obligations herein specifically provided and no other. The Escrow Agent's duties are those of a depositary only, and the Escrow Agent shall incur no liability whatsoever, except as a direct result of its willful misconduct or gross negligence in the performance of its duties hereunder; E-1

To: SEC-ond-chance who wrote (80673)	10/2/2002 11:52:01 AM
From: Anthony@Pacific	Read Replies (14) \| Respond to of 122087

I will have one brief message shortly & only one.( that has been reviewed by my attornies ) God Bless A.I.E

To: SEC-ond-chance who wrote (80673)	10/2/2002 1:36:56 PM
From: StockDung	Read Replies (1) \| Respond to of 122087

DID YOU NOTICE THIS IN THE RECENT SEC WOLFSON CASE? BET THE SEC IS CLUELESS ABOUT THIS.... Investors Associates has a ton of cases against it. One involves Francine Lanaia, aka Francine McPherson, the wife of Glenn Michael Finanical boss Glenn Michael Lanaia. Also, did you notice that the headquarters of Glenn Michael is directly across the street from the address listed for Jeffrey Hischkorn at World Financial Group (534 Broadhollow and 535 Broadhollow, respectively). World Financial appears to be some sort of successor to Pacific Continental Securities Corp which the Connecticut SEC nailed for selling unregistered shares of Regis Possino's POS Uniforms for America.

To: SEC-ond-chance who wrote (80673)	10/2/2002 4:27:30 PM
From: StockDung	Respond to of 122087

Glenn Michael Financial, Inc. (CRD #37912, Melville, New York) and Francine Ann Lanaia (CRD #1415689, Registered Principal, Ft. Salanga, New York) submitted a Letter of Acceptance, Waiver, and Consent in which the respondents were censured and fined $10,500, jointly and severally. The firm was also fined $4,000, jointly and severally with another individual, and $19,500, individually. Without admitting or denying the allegations, the respondents consented to the described sanctions and to the entry of findings that the firm reported transactions late without the required symbol, executed transactions as bunched without reporting them as bunched, reported transactions with an incorrect modifier, and reported agency transactions as principal transactions. The firm also time-stamped order tickets inaccurately, and failed to include a notation of quotations from market makers on order tickets representing OTC Bulletin Board(r) (OTCBB) securities transactions. The firm, acting through Lanaia, permitted an individual to function as a registered representative and paid commissions to another individual during periods that they were "inactive" due to failure to complete the Regulatory Element of the NASD Continuing Education Program. The findings also stated that the firm, acting through Lanaia, failed to report customer complaints to the NASD as required. In addition, the NASD found that the firm, acting through another individual, made markets in a greater number of securities and OTCBB securities than was permitted in the firm's membership agreement. (NASD Case #C3A000039)