Common use of Indemnification Escrow Clause in Contracts

Indemnification Escrow. The Company agrees to set aside from the gross proceeds raised pursuant to this Offering, an aggregate amount of $400,000, to be placed in an escrow under the terms of an indemnification escrow agreement to be entered into as of the date hereof between the Company, the Representative, and a mutually appointed escrow agent, for a period of 12 months from the date hereof (the “Indemnification Escrow Agreement”).

Indemnification Escrow. The Company agrees to set aside from the gross proceeds raised pursuant to this Offering, an aggregate amount of $400,00050,000, to be placed in an escrow the Escrow Account under the terms of an indemnification escrow agreement the Escrow Agreement to be entered into as of the date hereof between the Company, the Representative, and a mutually appointed escrow agentthe Escrow Agent, for a period of 12 18 months from the date hereof (the “Indemnification Escrow Agreement”)hereof.