Common use of Appointment of Escrow Agent; Establishment of Account Clause in Contracts

Appointment of Escrow Agent; Establishment of Account. The Company hereby appoints the Escrow Agent to act as escrow agent in accordance with and subject to the terms and conditions of this Agreement for the sole and exclusive benefit of the Subscribers, and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with and subject to the terms and conditions hereof. Escrow Agent further agrees to establish the Escrow Account.

Appointment of Escrow Agent; Establishment of Account. The Company hereby appoints the Escrow Agent to act as escrow agent in accordance with and subject to the terms and conditions of this Agreement for the sole and exclusive benefit of the Subscribers, and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with and subject to the terms and conditions hereof. Escrow Agent further agrees to establish an escrow account designated as the "PowerTrader, Inc. - Special Account" (the "Escrow Account").