Release from Escrow. Upon receipt of written confirmation from MAG that all documents and instruments have been duly executed and delivered, the Escrow shall release (a) to the Company, the sum of $3,870,000, (b) to MAG, the Due Diligence Fee in the amount of $135,000 and legal fees in the amount of $25,000, (c) to Escrow the escrow fee in the amount of $5,000.
Appears in 2 contracts
Samples: Subscription Agreement (Multicell Technologies Inc.), Subscription Agreement (Multicell Technologies Inc.)
Release from Escrow. Upon receipt of written confirmation from MAG that all documents and instruments have been duly executed and delivered, the Escrow escrow holder shall release (a) to the Company, the sum of $3,870,0004,235,000, and (b) to MAG, the Due Diligence Fee in the amount of $135,000 250,000 and the legal fees in the amount of $25,000, (c) to Escrow the escrow fee in the amount of $5,00015,000.
Appears in 1 contract
Samples: Subscription Agreement (Universal Guardian Holdings Inc)
Release from Escrow. Upon receipt of written confirmation from MAG that all documents and instruments have been duly executed and delivered, the Escrow escrow holder shall release (a) to the Company, the sum of $3,870,000, 1,085,000 and (b) to MAG, the Due Diligence Fee in the amount of $135,000 100,000 and the legal fees in the amount of $25,000, (c) to Escrow the escrow fee in the amount of $5,000.15,000
Appears in 1 contract
Release from Escrow. Upon receipt of written confirmation from MAG that all documents and instruments have been duly executed and delivered, the Escrow escrow holder shall release (a) to the Company, the sum of $3,870,000, 455,000 and (b) to MAG, the Due Diligence Fee in the amount of $135,000 40,000, and the legal fees in the amount of $25,000, (c) to Escrow the escrow fee in the amount of $5,000.
Appears in 1 contract
Samples: Subscription Agreement (Invisa Inc)
Release from Escrow. Upon receipt of written confirmation from MAG that all documents and instruments have been duly executed and delivered, the Escrow escrow holder shall release (a) to the Company, the sum of $3,870,000, 9,580,000 and (b) to MAG, the Due Diligence Fee in the amount of $135,000 400,000, and the legal fees in the amount of $25,000, (c) to Escrow the escrow fee in the amount of $5,00020,000.
Appears in 1 contract
Release from Escrow. Upon receipt of written confirmation from MAG that all documents and instruments have been duly executed and delivered, the Escrow escrow holder shall release (a) to the Company, the sum of $3,870,000, 8,725,000 and (b) to MAG, the Due Diligence Fee in the amount of $135,000 270,000 and the legal fees in the amount of $25,000, (c) to Escrow the escrow fee in the amount of $5,000.
Appears in 1 contract
