THIS ESCROW AGREEMENT, made and entered into as of this 15th day of March, 2001, by and between
RETRACTABLE TECHNOLOGIES, INC. (the "Company") and TEXAS BANK (the "Escrow Agent").
WHEREAS, the Company is offering investors up to 2,000,000 shares of Common Stock in a public offering
upon the terms and conditions set forth in a Prospectus, copies of which have been delivered to the Escrow
WHEREAS, The Company desires to make appropriate arrangements with the Escrow Agent for placing in
escrow certain monies paid by Subscribers for the purchase of such Common Stock and for the delivery of such
monies to the respective investor or the Company, as the case may be.
NOW, THEREFORE, in consideration of the mutual covenants and obligations herein contained, the parties
hereto, intending to be legally bound, and to set forth in this Agreement their respective rights, duties and
obligations in connection with the holding and delivery of the Escrow Funds, hereby agree as follows:
The following terms, wherever used in this Escrow Agreement, shall have the following meanings:
1.01 "Escrow Agent" shall mean TEXAS BANK.
1.02 "Escrow Account" shall mean the account established by the Company with Escrow Agent for the purpose
of receiving and holding Escrow Funds.
1.02 "Escrow Agreement" shall mean this Escrow Agreement and as appropriate, all amendments and
supplements thereof, if any.
1.03 "Escrow Funds" shall mean monies paid by Subscribers for the purchase of the Common Stock delivered to
the Escrow Agent pursuant to the Escrow Agreement.
1.04 "Offering" shall mean the Offering of the Common Stock pursuant to the terms of the Prospectus.
1.05 "Company" shall mean RETRACTABLE TECHNOLOGIES, INC., a Texas corporation.
1.06 "Prospectus" shall mean the Form SB-2 Registration Statement of the Company dated December 22, 2001
and as such may be subsequently amended.
1.07 "Subscriber" shall mean each person committing to purchase Comm