Common use of Identity of Investors Clause in Contracts

Identity of Investors. A copy of the Offering document is attached as Exhibit A to this Escrow Agreement. The Company or the Placement Agent shall furnish to the Escrow Agent with each delivery of Investor Funds, a list of the Investors who have paid for the Securities showing the name, address, tax identification number (if a U.S. citizen), amount of Securities subscribed for and the amount paid and deposited with the Escrow Agent. This information comprising the identity of Investors shall be provided to the Escrow Agent in the format set forth on Exhibit B to this Escrow Agreement (the “List of Investors”). Within one (1) business day after delivery of subscription agreements to the Placement Agent by the Escrow Agent, the Placement Agent shall update the List of Investors with information of any such Investors and deliver the updated List of Investors to the Company and the Escrow Agent. All Investor Funds so deposited shall not be subject to any liens or charges by the Company, the Placement Agent or the Escrow Agent, or judgments or creditors’ claims against the Company, until released to the Company as hereinafter provided. The Company understands and agrees that the Company shall not be entitled to any Investor Funds on deposit in the Escrow Account and no such funds shall become the property of the Company except when released to the Company pursuant to Section 3 of this Escrow Agreement. The Company, the Placement Agent and the Escrow Agent will treat all Investor information as confidential. The Escrow Agent shall not be required to accept any Investor Funds provided by the Company or Placement Agent which are not accompanied by the information on the List of Investors.

Identity of Investors. A copy of the Offering document is attached as Exhibit A to this Escrow Agreement. The Company or the Placement Agent Underwriter shall furnish to the Escrow Agent with each delivery of Investor Funds, a list of the Investors who have paid for the Securities showing the name, address, tax identification number (if a U.S. citizen), amount of Securities subscribed for and the amount paid and deposited with the Escrow Agent. This information comprising the identity of Investors shall be provided to the Escrow Agent in the format set forth on Exhibit B to this Escrow Agreement (the “List of Investors”). Within one (1) business day after delivery of subscription agreements to the Placement Agent Underwriter by the Escrow Agent, the Placement Agent Underwriter shall update the List of Investors with information of any such Investors and deliver the updated List of Investors to the Company and the Escrow Agent. All Investor Funds so deposited shall not be subject to any liens or charges by the Company, the Placement Agent Underwriter or the Escrow Agent, or judgments or creditors’ claims against the Company, until released to the Company as hereinafter provided. The Company understands and agrees that the Company shall not be entitled to any Investor Funds on deposit in the Escrow Account and no such funds shall become the property of the Company except when released to the Company pursuant to Section 3 of this Escrow Agreement. The Company, the Placement Agent Underwriter and the Escrow Agent will treat all Investor information as confidential. The Escrow Agent shall not be required to accept any Investor Funds provided by the Company or Placement Agent Underwriter which are not accompanied by the information on the List of Investors.