Common use of Receipt and Deposit of Funds Clause in Contracts

Receipt and Deposit of Funds. Persons wishing to subscribe for Shares in the Offering are required to execute a Subscription Agreement. Prospective investors must pay cash for their subscription. The prospective investor must forward the Subscription Agreement and their subscription cash payment to the Escrow Agent. Funds received by the Escrow Agent pursuant to the Offering shall be held in escrow and deposited promptly and the Subscription Agreement shall be held for the benefit of the Company pending disbursement in accordance with the terms and conditions hereof. Checks and money orders should be made payable to "Gxxxx Xxxxxxx P.S.C. Escrow Account.” Recognizing that in some cases checks and money orders may be made payable to the Company, the Company does hereby appoint the Escrow Agent as its lawful attorney-in-fact for the purposes of endorsing said checks and money orders, which promptly upon receipt shall be deposited in a non-interest bearing escrow account for the benefit of the Company pending disbursement and release of the funds in accordance with the terms and conditions of this Agreement. The Escrow Agent shall be charged with the responsibility to exercise reasonable care and due diligence in the deposit of funds received by it pursuant to the Offering.

Receipt and Deposit of Funds. Persons wishing to subscribe for Shares in Securities interests under the Offering offering are required to execute a Subscription Agreement. Prospective investors must pay cash for their subscription. The prospective investor must forward the Subscription Agreement and their subscription cash payment to the Escrow Agent. Funds received by the Escrow Agent pursuant to the Offering shall be held in escrow and deposited promptly and the Subscription Agreement shall be held for the benefit of the Company Corporation pending disbursement in accordance with the terms and conditions hereof. Checks and money orders should be made payable to "Gxxxx Xxxxxxx P.S.C. Fifth Third Bank, K-Kitz, Inc. Escrow Account.” Recognizing that in some cases checks and money orders may be made payable to the CompanyCorporation, the Company Corporation does hereby appoint the Escrow Agent as its lawful attorney-in-fact for the purposes of endorsing said checks and money orders, which promptly upon receipt shall be deposited in a non-interest bearing escrow account for the benefit of the Company Corporation pending disbursement and release of the funds in accordance with the terms and conditions of this Agreement. The Escrow Agent shall be charged with the responsibility to exercise reasonable care and due diligence in the deposit of funds received by it pursuant to the Offering.

Receipt and Deposit of Funds. Persons wishing to subscribe for Shares in the Offering are required to execute a Subscription Agreement. Prospective investors must pay cash for their subscription. The prospective investor must forward the Subscription Agreement and their subscription cash payment to the Escrow Agent. Funds received by the Escrow Agent pursuant to the Offering shall be held in escrow and deposited promptly and the Subscription Agreement shall be held for the benefit of the Company pending disbursement in accordance with the terms and conditions hereof. Checks and money orders should be made payable to "Gxxxx Xxxxxxx P.S.C. “Property Management Corporation of America - Escrow Account.” Recognizing that in some cases checks and money orders may be made payable to the Company, the Company does hereby appoint the Escrow Agent as its lawful attorney-in-fact for the purposes of endorsing said checks and money orders, which promptly upon receipt shall be deposited in a non-interest bearing escrow account for the benefit of the Company pending disbursement and release of the funds in accordance with the terms and conditions of this Agreement. The Escrow Agent shall be charged with the responsibility to exercise reasonable care and due diligence in the deposit of funds received by it pursuant to the Offering.

Receipt and Deposit of Funds. Persons wishing to subscribe for Shares in Securities interests under the Offering offering are required to execute a Subscription Agreement. Prospective investors must pay cash for their subscription. The prospective investor must forward the Subscription Agreement and their subscription cash payment to the Escrow Agent. Funds received by the Escrow Agent pursuant to the Offering shall be held in escrow and deposited promptly and the Subscription Agreement shall be held for the benefit of the Company Corporation pending disbursement in accordance with the terms and conditions hereof. Checks and money orders should be made payable to "Gxxxx Xxxxxxx P.S.C. “National City Bank, Lodestar Mining, Inc. Escrow Account.” ”. Recognizing that in some cases checks and money orders may be made payable to the CompanyCorporation, the Company Corporation does hereby appoint the Escrow Agent as its lawful attorney-in-fact for the purposes of endorsing said checks and money orders, which promptly upon receipt shall be deposited in a non-interest bearing escrow account for the benefit of the Company Corporation pending disbursement and release of the funds in accordance with the terms and conditions of this Agreement. The Escrow Agent shall be charged with the responsibility to exercise reasonable care and due diligence in the deposit of funds received by it pursuant to the Offering.