The Escrow Period. The Escrow Period shall begin with the effective date of the Offering (the "Effective Date) and shall terminate only at the same time or after The Escrow Agent has received a signed representation from the Company, together with other evidence acceptable to the Escrow Agent, that the requirements of paragraphs (e)l and (e)2 of Rule 419 of the Act have been met; and Consummation of an acquisition(s) meeting the requirements of paragraph (e)(2)(iii) of Rule 419 of the Act; or For as long as 180 days from the date of the offering Prospectus if the minimum number of 500,0000 shares is not sold.
The Escrow Period. The Escrow Period shall begin as of the signed date of this agreement (the “Effective Date”) and shall terminate on the first to occur of the following dates:
a. One year from effective date of this agreement.
b. Upon funding of $100,000 into the escrow account.
The Escrow Period. The Escrow Period shall begins with the effective date of the Offering (the "Effective Date") and shall terminate on the following dates:
a. The Company notifies the Escrow Agent that the offering has closed; or
b. The Company provides Escrow with notice and evidence that the companies post-effective amendment has been cleared by the SEC; or
c. The Company informs Xxxxxx that a merger candidate has not been found and the original registration has been in effect for 180 days.
The Escrow Period. The term of the Escrow Account (“Escrow Period”) shall begin on the Effective Date and shall terminate upon the earlier to occur of the following dates:
A. The date upon which the Escrow Agent confirms that the Escrow Agent has received in the Escrow Account gross proceeds of $5,000,000 in deposited funds (“Minimum Offering Amount”); or
B. The date of October 1, 2008 (unless extended as specified in the Offering Materials for an additional period of time with a copy of a letter from the Managing Broker-Dealer and the Issuer advising the Escrow Agent of such extension); or
C. The date upon which a determination is made by the Issuer to terminate the offering prior to the sale of the minimum number of the Units specified in the Offering Materials. During the Escrow Period, the Issuer is aware and understands that the Issuer is not entitled to any funds received into the Escrow Account and no amounts deposited in the Escrow Account shall become the property of the Issuer or any other entity, or be subject to the debts of the Issuer or any other entity.
The Escrow Period. The Escrow Period shall begin with the commencement of the Offering and shall terminate upon the earlier to occur of the following dates:
(i) The date upon which the Escrow Agent confirms that it has received in the Escrow Account subscriptions for ___________ in value of the Debentures and subscriptions therefor have been accepted by the Corporation;
(ii) The Expiration Date (unless extended as permitted in the Prospectus); or
(iii) The date upon which a determination is made by the Corporation and the Marketing Agent to terminate the Offering prior to the sale of __________ in value of the Debentures. During the Escrow Period, the Corporation is aware and understands that it is not entitled to any of the Escrow Funds and no amounts deposited in the Escrow Account shall become the property of the Corporation or any other entity, or be subject to the debts of the Corporation or any other entity, until such Escrow Funds are disbursed in accordance with Section 3 below.
The Escrow Period. The Escrow Period shall begin with the effective date of this Escrow Agreement (the “Effective Date”) and shall terminate on the first to occur of the following dates:
a. Default of the Agreement;
b. All Escrow Stock has been disbursed from the Escrow Account to Recipient in accordance with the milestones set forth in paragraphs 5a and 5b (below);
c. The filing by or against the Company of any petition under any bankruptcy, reorganization, insolvency, or other law providing for the relief of debtors or the making of any assignment for the benefit of creditors; or
d. A period of three (3) years has elapsed, in which event, any shares of Escrow Stock remaining in the Escrow Account shall be returned to Owner.
The Escrow Period. The Escrow Period shall begin with the effective date of the Offering (the "Effective Date") and shall terminate on the first to occur of the following dates: The date upon which the Escrow Agent confirms that it has received in the Escrow Account gross proceeds of $__25,000_____ in deposited funds; or The Company fully subscribes $___120,000_______ of its Offering; or On or before 180 days from the effective date of the Offering; or The date upon which a determination is made by the Company to terminate the offering period to receipt of $___25,000_____ in collected funds.
The Escrow Period. The Escrow Period shall begin as of the signed date of this agreement (the “Effective Date”) and shall terminate upon disbursement of all funds held in the escrow.
The Escrow Period. The PURCHASER shall have a ten (10) calendar day period (the "Period"), as measured from the date of this Agreement, to conduct due diligence on the Company, including the right of access to and review of the documents and items to be deposited with Escrow Agent as set forth below. During the Period, the Company or Sellers shall cause to be delivered to Escrow Agent the following: * A certified list of shareholders from the Company's transfer agent dated no earlier than October 1, 2008; * Copies of all corporate books and records, including financial information. * Stock certificates representing all 5,250,000 shares of stock to be delivered to Purchaser in certificate form duly endorsed for transfer, and all Shares in electronic from by DTC transfer to a broker account established by Escrow Agent. * All corporate records of the Company * The written and signed resignations of all officers and directors of the Company, and the due appointment of PURCHASER's designee(s) as new officers and directors of the Company At the end of the Period (or such sooner time within the Period that Purchaser elects to close), assuming Purchaser has not cancelled the transaction (see below), the following shall take place: * Escrow Agent shall deliver to Purchasers 5,200,000 restricted shares and free trading shares * Escrow Agent shall deliver to Sellers from Escrow of the Purchase Price of $275,000. By the end of the Period, Purchaser may elect to cancel the transaction by giving written notice to Sellers. Upon timely cancellation, the full purchase price shall be returned to the PURCHASER and Shares to Sellers, and no Party shall have any further rights or obligations hereunder.
The Escrow Period. For purposes of this Agreement the Escrow Period shall be defined as the period consisting of the date from which the Escrow Shares are deposited in escrow until the fourth anniversary of the date of the completion of the public offering.
