Investment of Subscription Proceeds; Compensation of Escrow Agent. The Company, the Placement Agent and the Escrow Agent further covenant, warrant and agree that: (a) The Escrow Agent shall deposit all Subscription Proceeds, at the written direction of the Company, in non-interest bearing accounts; and (b) The Placement Agent shall promptly pay to the Escrow Agent compensation, and reimburse the Escrow Agent for costs and expenses, including the Escrow Agent’s attorney’s fees, all in accordance with the provisions the Master Services Agreement entered into by and between the Placement Agent and the Escrow Agent contemporaneously herewith, which Master Services Agreement incorporated herein by reference and made a part hereof.
Appears in 6 contracts
Samples: Subscription Escrow Agreement (SlideBelts Inc.), Subscription Escrow Agreement (Hylete, Inc.), Subscription Escrow Agreement (Hylete, Inc.)
