Common use of Establishment of Escrow Account Clause in Contracts

Establishment of Escrow Account. 2.1 The parties hereto shall establish a non- interest-bearing escrow account at the office of the Escrow Agent, and bearing the designation, set forth on the Information Sheet (the "Escrow Account"). 2.2 On or before the date of the initial deposit in the Escrow Account pursuant to this Agreement, the Issuer shall notify the Escrow Agent in writing of the effective date of the Registration Statement (the "Effective Date") and the Escrow Agent shall not be required to accept any amount for deposit in the Escrow Account prior to its receipt of such notification. 2.3 The Offering Period, which shall be deemed to commence on the Effective Date, shall consist of the number of calendar days or business days set forth on the Information Sheet. The Offering Period shall be extended by an Extension Period only if the Escrow Agent shall have received written notice thereof at least five (5) business days prior to the expiration of the Offering Period. The Extension Period, which shall be deemed to commence on the next calendar day following the expiration of the Offering Period, shall consist of the number of the calendar days or business days set forth on the Information Sheet. The last day of the Offering Period, or the last day of the Extension Period (if the Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the "Termination Date." After the Termination Date, the Issuer shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective purchasers.

Establishment of Escrow Account. 2.1 The parties hereto Parties shall establish a non- interestnon-interest bearing escrow account (the "Escrow Account") at the office of the Escrow Agent, and bearing the designation, designation set forth on the Information Sheet (the "Escrow Account")Sheet. 2.2 On or before the date of the initial deposit in the Escrow Account pursuant to this Agreement, the Issuer shall notify the Escrow Agent in writing of the effective date of the Registration Statement (the "Effective Date") and the Escrow Agent shall not be required to accept any amount for deposit in the Escrow Account prior to its receipt of such notification. 2.3 The Offering Period, which shall be deemed to commence on the Effective Date, shall consist of the number of calendar days or business days set forth on the Information Sheet. The Offering Period shall be extended by an Extension Period only if the Escrow Agent shall have received written notice thereof at least five (5) business days prior to the expiration of the Offering Period. The Extension Period, which shall be deemed to commence on the next calendar day following the expiration of the Offering Period, shall consist of the number of the calendar days or business days set forth on the Information Sheet. The last day of the Offering Period, or the last day of the Extension Period (if the Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the "Termination Date." After the Termination Date, the Issuer shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective purchasers.

Establishment of Escrow Account. 2.1 The parties hereto Escrow Agent shall establish a non- interest-bearing escrow bearing, FDIC-Insured Escrow account at the office of the Escrow AgentSovereign Bank, New York, NY, and bearing the designation, set forth on the Information Sheet Registration Statement (the "Escrow Account"). 2.2 On or before the date of the initial deposit in the Escrow Account pursuant to this Agreement, the The Issuer shall notify the Escrow Agent in writing of the effective date of the Registration Statement (the "Effective Date") and the Escrow Agent shall not be required to accept any amount for deposit in the Escrow Account prior to its receipt of such notification. 2.3 The Offering Period, which shall be deemed to commence on the Effective Date, shall consist of the number of calendar days or business days set forth on the Information SheetRegistration Statement. The Offering Period shall be extended by an Extension Period only if the Escrow Agent shall have received written notice thereof at least five (5) business days prior to the expiration of the Offering Period. The Extension Period, which shall be deemed to commence on the next calendar day following the expiration of the Offering Period, shall consist of the number of the calendar days or business days set forth on the Information Sheet. The last day of the Offering Period, or the last day of the Extension Period (if the Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the "Termination Date." After the Termination Date, the Issuer shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective purchasers.

Establishment of Escrow Account. 2.1 The parties hereto shall establish a non- interestnon-interest bearing escrow account at the office of the Escrow Agent, and bearing the designation, designation set forth on the Information Sheet (the "Escrow Account"). 2.2 On or before the date of the initial deposit in the Escrow Account pursuant to this Agreement, the Issuer shall notify the Escrow Agent in writing of the effective date of the Registration Statement (the "Effective Date") and the Escrow Agent shall not be required to accept any amount for deposit in the Escrow Account prior to its receipt of such notification. 2.3 The Offering Period, which shall be deemed to commence on the Effective Date, shall consist of the number of calendar days or business days set forth on the Information Sheet. The Offering Period shall be extended by an Extension Period only if the Escrow Agent shall have received written notice thereof at least five (5) business days prior to the expiration of the Offering Period. The Extension Period, which shall be deemed to commence on the next calendar day following the expiration of the Offering Period, shall consist of the number of the calendar days or business days set forth on the Information Sheet. The last day of the Offering Period, or the last day of the Extension Period (if the Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the "Termination Date." After the Termination Date, the Issuer shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective purchasers.

Establishment of Escrow Account. 2.1 The parties hereto shall establish a non- an interest-bearing escrow account at the office of the Escrow Agent, and bearing the designation, set forth on the Information Sheet (the "Escrow Account"). 2.2 On or before the date of the initial deposit in the Escrow Account pursuant to this Agreement, the Issuer shall notify the Escrow Agent in writing of the effective date of the Registration Statement (the "Effective Date") and the Escrow Agent shall not be required to accept any amount for deposit in the Escrow Account prior to its receipt of such notification. 2.3 The Offering Period, which shall be deemed to commence on the Effective Date, shall consist of the number of calendar days or business days set forth on the Information Sheet. The Offering Period shall be extended by an Extension Period only if the Escrow Agent shall have received written notice thereof at least five (5) business days prior to the expiration of the Offering Period. The Extension Period, which shall be deemed to commence on the next calendar day following the expiration of the Offering Period, shall consist of the number of the calendar days or business days set forth on the Information Sheet. The last day of the Offering Period, or the last day of the Extension Period (if the Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the "Termination Date." After the Termination Date, the Issuer shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective purchasers.

Establishment of Escrow Account. 2.1 The parties hereto shall establish a non- interest-an interest bearing escrow account at the office of the Escrow Agent, and bearing the designation, set forth on the Information Sheet (the "Escrow Account"). 2.2 On or before the date of the initial deposit in the Escrow Account pursuant to this Agreement, the Issuer shall notify the Escrow Agent in writing of the effective date of the Registration Statement (the "Effective Date") and the Escrow Agent shall not be required to accept any amount for deposit in the Escrow Account prior to its receipt of such notification. 2.3 The Offering Period, which shall be deemed to commence on the Effective Date, shall consist of the number of calendar days or business days set forth on the Information Sheet. The Offering Period shall be extended by an Extension Period only if the Escrow Agent shall have received written notice thereof at least five (5) business days prior to the expiration of the Offering Period. The Extension Period, which shall be deemed to commence on the next calendar day following the expiration of the Offering Period, shall consist of the number of the calendar days or business days set forth on the Information Sheet. The last day of the Offering Period, or the last day of the Extension Period (if the Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the "Termination Date." After the Termination Date, the Issuer shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective purchasers.

Establishment of Escrow Account. 2.1 1.1 The parties hereto shall establish a non- interest-bearing an escrow account at the office of the Escrow Agent, and bearing the designationdesignation "Global Enterprises (Nevada), set forth on the Information Sheet Inc. Escrow Account" (the "Escrow Account"). 2.2 1.2 On or before the date of the initial deposit in the Escrow Account pursuant to this Agreement, the Issuer Company shall notify the Escrow Agent in writing of the effective date of the Registration Statement (the "Effective Date") and the Escrow Agent shall not be required to accept any amount for deposit in the Escrow Account prior to its receipt of such notification. 2.3 1.3 The Offering Period, which shall be deemed to commence on the Effective Date, shall consist of the number of 90 calendar days or business days set forth on the Information Sheetdays. The Offering Period shall be extended by an (the "Extension Period Period") only if the Escrow Agent shall have received written notice thereof at least five (5) business days prior to the expiration of the Offering Period. The Extension Period, which shall be deemed to commence on the next calendar day following the expiration of the Offering Period, shall consist of the number of the 90 calendar days or business days set forth on the Information Sheetdays. The last day of the Offering Period, or the last day of the Extension Period (if the Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the "Termination Date." After the Termination Date, the Issuer Company shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective purchasers.

Establishment of Escrow Account. 2.1 The parties hereto shall establish a non- interestnon-interest bearing escrow account at the office of the Escrow Agent, and bearing the designation, set forth on the Information Sheet (the "Escrow Account"). 2.2 On or before the date of the initial deposit in the Escrow Account pursuant to this Agreement, the Issuer shall notify the Escrow Agent in writing of the effective date of the Registration Statement (the "Effective Date") and the Escrow Agent shall not be required to accept any amount for deposit in the Escrow Account prior to its receipt of such notification. 2.3 The Offering Period, which shall be deemed to commence on the Effective Date, shall consist of the number of calendar days or business days set forth on the Information Sheet. The Offering Period shall be extended by an Extension Period only if the Escrow Agent shall have received written notice thereof at least five (5) business days prior to the expiration of the Offering Period. The Extension Period, which shall be deemed to commence on the next calendar day following the expiration of the Offering Period, shall consist of the number of the calendar days or business days set forth on the Information Sheet. The last day of the Offering Period, or the last day of the Extension Period (if the Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the "Termination Date." After the Termination Date, the Issuer shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective purchasers.

Establishment of Escrow Account. 2.1 The parties hereto Escrow Agent shall establish a non- interest-bearing escrow trust account at the office on behalf of the Escrow Agent, purchasers in the Shares in the Offering and bearing the designation, designation set forth on the Information Sheet (the "Escrow Account"). 2.2 . On or before the date of the initial deposit in the Escrow Account pursuant to this Agreement, the Issuer shall notify the Escrow Agent in writing of the effective date of the Registration Statement (the "Effective Date") and the Escrow Agent shall not be required to accept any amount for deposit in the Escrow Account prior to its receipt of such notification. 2.3 2.2 The Offering Period, period during which Escrow Agent shall be deemed required to commence accept amounts for deposit in the Escrow Account (the "Escrow Deposit Period") shall begin on the Effective Date, Date and shall consist terminate upon the earlier to occur of the number following dates: (a) the date upon which a determination is made by the Issuer to terminate the Offering prior to the sale of calendar days or business days set forth on all of the Information Sheet. The Offering Period shall be extended by an Extension Period only if Shares, and such determination is communicated to the Escrow Agent shall have received written notice thereof at least five in writing or (5b) business days prior to the expiration of ninety (90) days from the Offering Period. The Extension Period, which shall be deemed to commence on Effective Date (unless extended as permitted in the next calendar day following Registration Statement for an additional ninety (90) days at the expiration sole discretion of the Offering PeriodIssuer, shall consist and with a copy of such extension to the Escrow Agent and the State Administrators), and all of the number Shares have not been sold during such 90-day period (or any period of the calendar days or business days set forth on the Information Sheetextension). The last day of the Offering Period, or the last day of the Extension Escrow Deposit Period (if the Escrow Agent has received written notice thereof as hereinabove provided), is referred to herein as the "Deposit Termination Date." After the Deposit Termination Date, the Issuer shall not depositdeliver to the Escrow Agent, and the Escrow Agent shall not acceptaccept and deposit in the Escrow Account, any additional amounts representing payments by prospective purchaserspurchasers of Shares.