Common use of Property Deposited in Escrow Clause in Contracts

Property Deposited in Escrow. The Issuer and the Escrow Agent shall establish an attorney escrow account with Wachovia Bank (the "Depository") in Palm Beach, Florida and entitled "Smart Technology, Inc, IPO Escrow Account" (the "Escrow Account"). All Proceeds of subscriptions (together with a list setting forth the names and addresses of each subscriber and the amounts and dates of receipt of theft respective subscriptions and copies of the Subscription Agreement and Power of Attorney executed by the subscriber) for shares of limited issuer interest (the "Shares") in the Issuer received during the Offering Period (as defined in paragraph 3.6 below) shall be forwarded to the Escrow Agent by noon of the next business day after receipt of such subscriptions, with copies to the Issuer for determination of whether to accept such subscriptions. The Issuer shall deliver to all such prospective subscribers interim receipts for the amount of the funds deposited in the Escrow Account and copies of such receipts shall be delivered to the Escrow Agent, said interim receipts to be substantially in the form of Exhibit A hereto.

Property Deposited in Escrow. The Issuer and the Escrow Agent shall establish an attorney escrow account with Wachovia Bank (the "Depository") in Palm Beach, Florida and entitled "Smart Technology, Inc, New Millenium Packaging Inc IPO Escrow Account" (the "Escrow Account"). All Proceeds of subscriptions (together with a list setting forth the names and addresses of each subscriber and the amounts and dates of receipt of theft their respective subscriptions and copies of the Subscription Agreement and Power of Attorney executed by the subscriber) for shares of limited issuer interest (the "Shares") in the Issuer received during the Offering Period (as defined in paragraph 3.6 below) shall be forwarded to the Escrow Agent by noon of the next business day after receipt of such subscriptions, with copies to the Issuer for determination of whether to accept such subscriptions. The Issuer shall deliver to all such prospective subscribers interim receipts for the amount of the funds deposited in the Escrow Account and copies of such receipts shall be delivered to the Escrow Agent, said interim receipts to be substantially in the form of Exhibit A hereto.

Property Deposited in Escrow. The Issuer and the Escrow Agent shall establish an attorney escrow account with Wachovia Bank Citibank, N.A. (the "Depository") in Palm BeachBethesda, Florida and Maryland entitled "Smart Technology, Inc, ImagineNet Corp. IPO Escrow Account" (the "Escrow Account"). All Proceeds proceeds (the "Proceeds") of subscriptions (together with a list setting forth the names and addresses of each subscriber and the amounts and dates of receipt of theft their respective subscriptions and copies of the Subscription Agreement and Power of Attorney executed by the subscriber) for shares of limited issuer interest (the "Shares") in the Issuer received during the Offering Period (as defined in paragraph 3.6 2.6 below) shall be forwarded to the Escrow Agent by noon of the next business day after receipt of such subscriptions, with copies to the Issuer for determination of whether to accept such subscriptions. The Issuer shall deliver to all such prospective subscribers interim receipts for the amount of the funds deposited in the Escrow Account and copies of such receipts shall be delivered to the Escrow Agent, said interim receipts to be substantially in the form of Exhibit A hereto.