Common use of TERMS OF THE ESCROW Clause in Contracts

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the 4,300 shares of Convertible Preferred Stock and the Warrants at the Closing as contemplated by the Purchase Agreement. (a) At the Closing, upon Escrow Agent's receipt of the Purchase Price for the Closing into its attorney trustee account from the Investors, together with executed counterparts of this Agreement, the Purchase Agreement and the Registration Rights Agreement,

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold receive the funds for certificates representing the purchase of the 4,300 shares of Convertible Preferred Common Stock and the Warrants Warrants, and certain other closing documents specified herein at the Closing as contemplated by the Purchase AgreementAgreement and notify the Investors of such receipt. (a) 1.2. At the Closing, upon the Company shall deliver to the Escrow Agent's receipt Agent the certificates representing the shares of Common Stock (or at the Purchase Price for the Closing into its attorney trustee account from the Investors, together with executed counterparts election of this Agreement, the Purchase Agreement and the Registration Rights Agreement,each of the

TERMS OF THE ESCROW. 1.1. The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the 4,300 shares of Convertible Preferred Stock and the Warrants at the Closing Escrow Shares as contemplated by the Purchase this Agreement. (a) At 1.2. Upon the Closing, upon Escrow Agent's receipt of the Purchase Price for the Closing into its attorney trustee account from the Investors, together with executed counterparts execution of this Agreement, the Purchase Agreement and Principal Shareholders shall deliver to the Registration Rights Agreement,Escrow Agent stock certificates evidencing an amount of Common Stock equal to one million (1,000,000) shares as set forth on Schedule A hereto (the “Escrow Shares”), along with updated stock powers executed in blank. 1.3. The Escrow Shares shall be delivered as set forth below:

TERMS OF THE ESCROW. 1.1. 1.1 The parties hereby agree to establish an escrow account with the Escrow Agent whereby the Escrow Agent shall hold the funds for the purchase of the 4,300 shares of Convertible Preferred Stock and the Warrants at the Closing Escrow Shares as contemplated by the Purchase this Agreement. (a) At 1.2 Upon the Closing, upon Escrow Agent's receipt of the Purchase Price for the Closing into its attorney trustee account from the Investors, together with executed counterparts execution of this Agreement, the Purchase Agreement and Principal Stockholder shall deliver to the Registration Rights Agreement,Escrow Agent stock certificates evidencing 9,000,000 shares of Common Stock, along with updated stock powers executed in blank with signature medallion guaranteed (the “Escrow Shares”).