Common use of Establishment of Escrow Account Clause in Contracts

Establishment of Escrow Account. Upon the execution of this Agreement, the Principal Stockholders shall deliver to the Escrow Agent the Escrow Shares, along with a stock power executed in blank, signature medallion guaranteed or in other form and substance acceptable for transfer. The Escrow Agent shall hold the Escrow Shares and distribute the same as contemplated by this Agreement.

Appears in 3 contracts

Samples: Securities Escrow Agreement (BTCS Inc.), Securities Purchase Agreement (Fuelstream INC), Securities Escrow Agreement (Silver Pearl Enterprises, Inc.)

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Establishment of Escrow Account. Upon the execution of this Agreement, the Principal Stockholders Stockholder shall deliver to the Escrow Agent the Escrow Shares, along with a 3 stock power powers executed in blank, signature medallion guaranteed or in other form and substance acceptable for transfer. The Escrow Agent shall hold the Escrow Shares and distribute the same as contemplated by this Agreement.

Appears in 2 contracts

Samples: Securities Escrow Agreement (Westergaard Com Inc), Securities Escrow Agreement (Westergaard Com Inc)

Establishment of Escrow Account. Upon the execution of this Agreement, the Principal Stockholders Stockholder shall deliver to the Escrow Agent the Escrow Shares, along with a stock power executed in blank, signature medallion guaranteed or in other form and substance acceptable for transfer. The Escrow Agent shall hold the Escrow Shares and distribute the same as contemplated by this Agreement.

Appears in 2 contracts

Samples: Securities Escrow Agreement (Remediation Services, Inc.), Securities Escrow Agreement (Keyuan Petrochemicals, Inc.)

Establishment of Escrow Account. Upon the execution of this Agreement, the Principal Stockholders Escrow Agent shall deliver to the Escrow Agent the Escrow Reserved Shares, along with a stock power executed in blank, signature medallion guaranteed or in other form and substance acceptable for transfer. The Escrow Agent shall hold the Escrow Reserved Shares and distribute the same as contemplated by this Agreement.

Appears in 2 contracts

Samples: Stock Vesting Agreement (United American Petroleum Corp.), Stock Vesting Agreement (United American Petroleum Corp.)

Establishment of Escrow Account. Upon the execution of this Agreement, the Principal Adisn Stockholders shall deliver to the Escrow Agent the Escrow Shares, along with a stock power executed in blank, signature medallion guaranteed or in other form and substance acceptable for transfer. The Escrow Agent shall hold the Escrow Shares and distribute the same as contemplated by this Agreement.

Appears in 1 contract

Samples: Securities Escrow Agreement (CrowdGather, Inc.)

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Establishment of Escrow Account. Upon the execution of this Agreement, the Principal Stockholders Stockholder shall deliver to the Escrow Agent the Escrow Shares, along with a ___ stock power powers executed in blank, signature medallion guaranteed or in other form and substance acceptable for transfer. The Escrow Agent shall hold the Escrow Shares and distribute the same as contemplated by this Agreement.

Appears in 1 contract

Samples: Securities Escrow Agreement (Westergaard Com Inc)

Establishment of Escrow Account. Upon the execution of this Agreement, the Principal Stockholders Shareholder shall deliver to the Escrow Agent one or more Certificates representing the Escrow Shares, along with a stock power share transfer form executed in blank, signature medallion guaranteed blank or in other form and substance acceptable for transfer. The Escrow Agent shall hold the Escrow Shares in an escrow account (the “Escrow Account”) and distribute the same as contemplated by this Agreement.

Appears in 1 contract

Samples: Securities Escrow Agreement (China Dredging Group Co., Ltd.)

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