Common use of Escrow Period Clause in Contracts

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $7,200,000, representing the funds necessary to purchase the Shares (the “Investment Amount”); (b) September 30, 2008; or (c) the date on which the Placement Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $7,200,000_____________, representing the funds necessary to purchase the Shares (the “Investment AmountMaximum”); (b) September 30December 31, 20082010; or (c) the date on which the Placement Agent Underwriter and the Company notify the Escrow Agent in writing that the Offering has been terminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $7,200,00015,000,000, representing the funds necessary to purchase the Shares (the “Investment AmountMaximum”); (b) September 30November 22, 20082010; or (c) the date on which the Placement Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $7,200,00015,000,000, representing the funds necessary to purchase the Shares (the “Investment AmountMaximum”); (b) September 30January 31, 20082011; or (c) the date on which the Placement Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Escrow Period. The escrow period (the “Escrow Period”) Period shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the The date on upon which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $7,200,000, representing the 25,000,000 in deposited funds necessary to purchase the Shares (the "Maximum Offering Amount") (“Investment AmountContingency”);; or (b) September 30, 2008The expiration of 365 days from the date of commencement of the Offering; or (c) The date upon which a determination is made by the date on which the Placement Agent Company and the Company notify Underwriter to terminate the Escrow Agent in writing that the Offering has been terminatedOffering. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $7,200,000$ , representing the funds necessary to purchase the Shares (the “Investment Amount”); (b) September 30, 20082010; or (c) the date on which the Placement Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $7,200,00015,000,000, representing the funds necessary to purchase the Shares (the “Investment AmountMaximum”); (b) September 30December 31, 20082010; or (c) the date on which the Placement Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $7,200,00015,000,000, representing the funds necessary to purchase the Shares (the “Investment AmountMaximum”); (b) September November 30, 20082010; or (c) the date on which the Placement Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $7,200,00012,000,000, representing the funds necessary to purchase the Shares (the “Investment AmountMaximum”); (b) September 30December 31, 20082010; or (c) the date on which the Placement Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.

Escrow Period. The escrow period (the “Escrow Period”) shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates: (a) the date on which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $7,200,00012,000,000, representing the funds necessary to purchase the Shares (the “Investment AmountMaximum”); (b) September 30March 7, 20082011; or (c) the date on which the Placement Agent and the Company notify the Escrow Agent in writing that the Offering has been terminated. During the Escrow Period, the Company is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the property of the Company or any other entity, or be subject to the debts of the Company or any other entity.