Common use of No Escrow Clause in Contracts

No Escrow. Payment for the Shares by Subscriber shall be received by the Company from each Subscriber by ACH electronic transfer, debit card, wire transfer of immediately available funds, or other means approved by the Company, prior to the Termination Date in the amount of Subscriber’s subscription. Tendered funds will not be held in escrow and will be immediately available to the Company upon acceptance of the subscription at each Closing Date. The Subscriber shall receive notice and evidence of the digital entry of the number of the Shares owned by Subscriber reflected on the books and records of the Company and verified by Wax, Inc. (the “Transfer Agent”), which books and records shall bear a notation that the Shares were sold in reliance upon Regulation A of the Securities Act. Upon instruction by the Subscriber, the Transfer Agent may record the Shares beneficially owned by the Subscriber on the books and records of the Company in the name of any other entity as designated by the Subscriber and in accordance with the Transfer Agent’s requirements.

No Escrow. Payment for the Shares by Subscriber shall be received by the Company from each Subscriber by ACH electronic transfer, debit card, wire transfer of immediately available funds, or other means approved by the Company, prior to the Termination Date in the amount of Subscriber’s subscription. Tendered funds will not be held in escrow and will be immediately available to the Company upon acceptance of the subscription at each Closing Date. The Subscriber shall receive notice and evidence of the digital entry of the number of the Shares owned by Subscriber reflected on the books and records of the Company and verified by Wax, Inc. Carta (the “Transfer Agent”), which books and records shall bear a notation that the Shares were sold in reliance upon Regulation A of the Securities Act. Upon instruction by the Subscriber, the Transfer Agent may record the Shares beneficially owned by the Subscriber on the books and records of the Company in the name of any other entity as designated by the Subscriber and in accordance with the Transfer Agent’s requirements.