Common use of Escrow Arrangement Clause in Contracts

Escrow Arrangement. The Chemesis Milestone Shares will be registered in the name of GSRX and will be deposited into an escrow account maintained by Chemesis’ transfer agent, Odyssey Trust Company, pursuant to the terms of an escrow agreement to be entered into among Odyssey Trust Company, Chemesis and GSRX, and shall be released: (a) to Chemesis in the event that GSRX terminates the Option pursuant to Section 5.5 prior to the achievement of the Milestones by NVPR; or (b) to Chemesis in the event that NVPR terminates the Option pursuant to Section 5.2 (the “Escrow Arrangement”).