Common use of Deposit of Proceeds Clause in Contracts

Deposit of Proceeds. The Company agrees to deliver to the Escrow Agent, immediately upon receipt thereof, all proceeds from the sale of the first 400,000 Shares sold in the Public Offering at the offering price of $0.50 per Share (a total of up to $200,000), together with a written account of each sale. The written account shall set forth, among other things, the names and addresses of the purchasers, the number of Shares purchased by each, the amount paid therefor, and whether the consideration received was in the form of cash or evidenced by a check.

Deposit of Proceeds. The Company agrees to deliver to the Escrow Agent, immediately upon receipt thereof, all proceeds from the sale of the first 400,000 Shares sold in the Public Offering at the offering price of $0.50 per Share (a total of up to $200,000500,000), together with a written account of each sale. The written account shall set forth, among other things, the names and addresses of the purchasers, the number of Shares purchased by each, the amount paid therefor, and whether the consideration received was in the form of cash or evidenced by a check.

Deposit of Proceeds. The Company agrees to deliver to the Escrow Agent, immediately upon receipt thereof, all proceeds from the sale of the first 400,000 200,000 Shares sold in the Public Offering at the offering price of $0.50 2.50 per Share (a total of up to $200,000500,000), together with a written account copy of the subscription agreements prepared by each salesubscriber. The written account subscription agreements shall set forth, among other things, the names and addresses of the purchaserspurchaser, the number of Shares purchased by each, and the amount paid therefor, and whether the consideration received was in the form of cash or evidenced by a check.

Deposit of Proceeds. The Company agrees to deliver to the Escrow Agent, immediately upon receipt thereof, all proceeds from the sale of the first 400,000 Shares sold in the Public Offering at the offering price of $0.50 1.00 per Share (a total of up to $200,000500,000), together with a written account of each sale. The written account shall set forth, among other things, the names and addresses of the purchasers, the number of Shares purchased by each, the amount paid therefor, and whether the consideration received was in the form of cash or evidenced by a check.