AMENDMENT AGREEMENT TO ESCROW AGREEMENT
AMENDMENT AGREEMENT TO ESCROW AGREEMENT
THIS AMENDMENT ESCROW AGREEMENT (this “Agreement”) dated August 9, 2004, is made by and among Rapa Mining, Inc. (the “Company”) and Xxxxxx X. Emas Esq. (the “Escrow Agent”).
The Company and the Escrow Agent entered into an Escrow Agreement dated July 16, 2004.
NOW, THEREFORE, in consideration of the agreements and understandings contemplated, the parties hereto agree as follows:
1. The Agreement is amended by replacing sections 1 and 2 as follows:
1.
Escrow Deposit. Upon the Effective Date, the Company may accept subscriptions for its shares of common stock from qualified investors. The Company shall instruct all subscribers (each a “Subscriber”) to make their checks, bank drafts or money orders for the purchase of such shares payable to the Escrow Agent in trust and to deliver such payment to the Escrow Agent. The Escrow Agent shall deposit all subscription funds received into a non-interest bearing attorney’s trust account in accordance with the requirements of the Florida Bar.
2.
Release of Funds to Subscribers. If the Company does not complete the Minimum Offering within 180 days from the Effective Date, the Escrow Agent shall forthwith promptly return each subscriber’s respective subscription funds.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first written above.
COMPANY:
Rapa Mining, Inc.
per: /S/ Xxxxx Xxxxxxx
__________________________
Authorized Signatory
ESCROW AGENT:
Xxxxxx X. Emas
per: /S/ Xxxxxx X. Emas
________________________
Xxxxxx X. Emas, Esq.
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