Subscription Transaction Sample Clauses

Subscription Transaction. Immediately prior to the Closing, the Company shall (A) release, or obtain the consent of the applicable subscription holders necessary to release, the $2,500,000.00 held in escrow in connection with outstanding subscription receipts between the Company and the holders of such receipts, and (B) complete all other actions in order to effect all outstanding subscriptions for shares of common stock (the “Subscription Transaction”).