Common use of Disbursement of the Escrow Funds Clause in Contracts

Disbursement of the Escrow Funds. The Escrow Agent shall hold the sum of the Purchase Price until the total funds raised by the Company exceed the minimum offering amount set forth in the Registration Statement, specifically $20,000.00 (the “Minimum Offering Amount”). This period shall be defined as the “Escrow Period”. Upon expiration of the Escrow Period, upon written instructions from the Company, the Escrow Agent shall disburse the total of funds raised by the Company to the Company; provided, however, that, if, after 365 days from the date the Registration Statement is deemed effective (the “Offering Period”), the Company has not raise sufficient funds to meet the Minimum Offering Amount, the sum of the Purchase Price shall be immediately returned to the Subscribing Stockholder unless otherwise request, in writing, by the Subscribing Stockholder. The Escrow Agent shall have no further duties hereunder after the disbursement of the sum Purchase Price in accordance with this Section 3.

Disbursement of the Escrow Funds. The Escrow Agent shall hold the sum of the Purchase Price until the total funds raised by the Company exceed the minimum offering amount set forth in the Registration Statement, specifically $20,000.00 (the “Minimum Offering Amount”). This period shall be defined as the “Escrow Period”. Upon expiration of the Escrow Period, upon written instructions from the Company, the Escrow Agent shall disburse the total of funds raised by the Company to the Company; provided, however, that, if, after 365 180 days from the date the Registration Statement is deemed effective (the “Offering Period”), the Company has not raise sufficient funds to meet the Minimum Offering Amount, the sum of the Purchase Price shall be immediately returned to the Subscribing Stockholder unless otherwise request, in writing, by the Subscribing Stockholder. The Escrow Agent shall have no further duties hereunder after the disbursement of the sum Purchase Price in accordance with this Section 3.

Disbursement of the Escrow Funds. The Escrow Agent shall hold the sum of the Purchase Price until the total funds raised by the Company exceed the minimum offering amount set forth in the Registration Statement, specifically $20,000.00 (the “Minimum Offering Amount”). This period shall be defined as the “Escrow Period”. Upon expiration of the Escrow Period, upon written instructions from the Company, the Escrow Agent shall disburse the total of funds raised by the Company to the Company; provided, however, that, if, after 365 360 days from the date the Registration Statement is deemed effective (the “Offering Period”), the Company has not raise sufficient funds to meet the Minimum Offering Amount, the sum of the Purchase Price shall be immediately returned to the Subscribing Stockholder unless otherwise request, in writing, by the Subscribing Stockholder. The Escrow Agent shall have no further duties hereunder after the disbursement of the sum Purchase Price in accordance with this Section 3.