Replies to post #9 on Modern Medical Modalities Corp.(fka MODM)

[AliAngel]

Escrow and Indemnification (page 6)


Pursuant to the Asset Purchase Agreement, we agreed that $300,000 of the cash portion of the purchase price will be placed in an escrow account in order to secure NJIP against claims for losses or damages arising out of any breaches of our representations and warranties and other items customary for a transaction of this type.




Consequences to Shareholders (page 6)


Our shareholders will not receive any cash, stock or other property in connection with or as a result of the Asset Sale.




Interests of Directors and Management in the Asset Sale (page 7