Appointment; Cash and Shares Placed in Escrow. Buyer and Representative hereby appoint the Escrow Agent as their escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment under the terms and conditions set forth herein. Contemporaneously with the execution and delivery of this Agreement, Buyer shall deliver or cause to be delivered to the Escrow Agent one or more newly issued certificates representing six hundred eighty-one thousand four hundred eighty-one (681,481) shares of Buyer’s Series B Non-Voting Convertible Preferred Stock or, following conversion, Conversion Shares (the “Escrow Shares”), registered in the name of the Stockholders, to be held in escrow under this Agreement.
Appointment; Cash and Shares Placed in Escrow. Buyer and Representative hereby appoint the Escrow Agent as their escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment under the terms and conditions set forth herein. Buyer shall deliver or cause to be delivered to the Escrow Agent cash and shares of Buyer Common Stock in the respective amounts set forth on Schedule 3. Schedule 3 shall be updated from time to time to reflect any release or deposit of cash or shares of Buyer Common Stock from or into the Escrow Fund.
Appointment; Cash and Shares Placed in Escrow. Parent, Merger Sub and the Company Members hereby appoint the Escrow Agent as their escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment under the terms and conditions set forth herein. Contemporaneously with the execution and delivery of this Agreement, Parent shall deliver or cause to be delivered to the Escrow Agent (a) $1,625,000 in cash (the “Escrow Cash”) and (b) one or more newly issued certificates representing such number of shares of Parent’s common stock with an aggregate value, based on the applicable Parent Common Stock Price, of $1,625,000 (the “Escrow Shares”), registered in the name of the Escrow Agent.
Appointment; Cash and Shares Placed in Escrow. Buyer and Seller hereby appoint the Escrow Agent as their escrow agent for the purposes set forth herein, and the Escrow Agent hereby accepts such appointment under the terms and conditions set forth herein. Buyer shall deliver or cause to be delivered to the Escrow Agent (a) one or more newly issued certificates representing 10,526,197 ordinary shares of Buyer (the “Initial Escrow Shares”) contemporaneously execution and delivery of this Agreement, registered in the name of the Escrow Agent, to be held in escrow under this Agreement, (b) $6,750,000 in cash on or before December 31, 2021 (the “Cash”), and (c) additional ordinary shares of Buyer in an amount determined in accordance with the Purchase Agreement on the one-year anniversary of the date of this Agreement (the “Adjustment Escrow Shares,” and together with the Initial Escrow Shares, the “Escrow Shares”).
