Examples of IPO Escrow Agreement in a sentence
This Agreement and the rights, duties and obligations of the holders of Registrable Securities hereunder may be freely assigned or delegated by such holder of Registrable Securities in conjunction with and to the extent of any legally permitted transfer of Registrable Securities by any such holder (subject to lock-up restrictions under the Lock-up Agreement and the Release Date under the IPO Escrow Agreement).
At the Closing, each Sponsor whose HMAUF Shares are held by the IPO Escrow Agent shall deliver irrevocable instructions to the IPO Escrow Agent to deliver to the Escrow Agent his or its Sponsor Earn-Out Shares and Sponsor Conditional Shares at the time such Shares would otherwise be delivered to such Sponsor under the IPO Escrow Agreement (the “Release Date”).
At the Closing, each Sponsor whose HMAUF Shares are held by the IPO Escrow Agent shall deliver irrevocable instructions to the IPO Escrow Agent to deliver to the Escrow Agent such Sponsor’s Conditional Shares at the time such Conditional Shares would otherwise be delivered to such Sponsor under the IPO Escrow Agreement.
Each Sponsor whose HMAUF Shares are held by the IPO Escrow Agent shall deliver irrevocable instructions to the IPO Escrow Agent to deliver to the Company such Sponsor’s Forfeited Shares at the time such Forfeited Shares would otherwise be delivered to such Sponsor under the IPO Escrow Agreement.
At the Closing, each Sponsor whose HMAUF Shares are held by the IPO Escrow Agent shall deliver irrevocable instructions to the IPO Escrow Agent to deliver to the Escrow Agent such Sponsor’s Earn-Out Shares at the time such Earn-Out Shares would otherwise be delivered to such Sponsor under the IPO Escrow Agreement.
Transferee hereby acknowledges and agrees to be fully bound by, and subject to, all of the covenants, terms and conditions of the IPO Escrow Agreement, the Letter Agreement, and the Registration Rights Agreement as though an original party thereto.
Under the terms of the IPO Escrow Agreement, 10% of the escrowed shares will be released from escrow as of the date of the Completion of the Qualifying Transaction (the “Initial Release”), and an additional 15% will be released on the dates 6 months, 12 months, 18 months, 24 months, 30 months and 36 months following the Initial Release.
Escrow Shares All of the Company’s common (“seed”) shares that were issued and outstanding prior to its IPO, being 2,500,000 common shares (which represent 29.41% of the presently issued shares of the Company), are currently held in escrow by the following holders pursuant to the IPO Escrow Agreement.
This Agreement, collectively with the Lock-Up Agreements, the IPO Escrow Agreement, the Escrow Agreement and the Reorganization Agreement, constitutes the entire agreement of the parties with respect to the subject matter contained herein and supersedes all prior agreements and undertakings, both written and oral, between the parties, or any of them, with respect to the subject matter hereof.