Common use of Amendment; Resignation Clause in Contracts

Amendment; Resignation. This Agreement may be altered or amended only with the written consent of the Company and the Escrow Agent. The Escrow Agent may resign for any reason upon three (3) business days’ written notice to the Company. Should the Escrow Agent resign as herein provided, it shall not be required to perform any duties under this Agreement. Successor escrow agent shall have been appointed and written notice thereof (including the name and address of such successor escrow agent) shall have been given to the resigning Escrow Agent by the Company and such successor Escrow Agent, then the resigning Escrow Agent shall deliver over to the successor escrow agent the Shares, less any portion thereof previously delivered in accordance with this Agreement; or (b) if the resigning Escrow Agent shall not have received written notice signed by the Company and a successor escrow agent, then the resigning Escrow Agent shall promptly refund the amount in the Fund to each prospective purchaser, without interest thereon or deduction therefrom, and the resigning Escrow Agent shall promptly notify the Company In writing of its liquidation and distribution of the fund; whereupon, in either case, the Escrow Agent shall be relived of all further obligations and released from all liability under this Agreement. Without limiting the provisions of Section 8 hereof, the resigning Escrow Agent shall be entitled to be reimbursed by the Company for any expenses incurred in connection with its resignation, transfer of the Fund to a successor escrow agent or distribution of the fund pursuant to this Section.

Amendment; Resignation. This Agreement may be altered or amended only with the written consent of the Company and the Escrow Agent. The Escrow Agent may resign for any reason upon three (3) business days’ ' written notice to the Company. Should the Escrow Agent resign as herein provided, it shall not be required to perform any duties under this Agreement. Successor escrow agent shall have been appointed and written notice thereof (including the name and address of such successor escrow agent) shall have been given to the resigning Escrow Agent by the Company and such successor Escrow Agent, then the resigning Escrow Agent shall deliver turn over to the a successor escrow agent appointed by the SharesCompany, less any portion thereof previously delivered in accordance with this Agreementall monies and property, including the Share Certificates, held hereunder upon presentation of the documentation appointing the new escrow agent and its acceptance thereof; or (b) if the resigning Escrow Agent shall not have received written notice signed by the Company and a successor escrow agent, then the resigning Escrow Agent shall promptly refund deposit the amount in the Fund to each prospective purchaser, without interest thereon or deduction therefrom, and the resigning Escrow Agent shall promptly notify the Company In writing of its liquidation and distribution of the fundAccount with any court it deems appropriate; whereupon, in either case, the Escrow Agent shall be relived relieved of all further obligations and released from all liability under this Agreement. Without limiting the provisions of Section Article 8 hereof, the resigning Escrow Agent shall be entitled to be reimbursed by the Company for any reasonable expenses incurred in connection with its resignation, transfer of the Fund to a successor escrow agent or distribution of the fund Fund pursuant to this SectionArticle 6.

Amendment; Resignation. This Agreement may be altered or amended only with the written consent of the Company Issuer, the Underwriter and the Escrow Agent. The Escrow Agent may resign for any reason upon three (3) business days’ ' written notice to the CompanyIssuer and the Underwriter. Should the Escrow Agent resign as herein provided, it shall not be required to perform accept any duties under this Agreement. Successor deposit, make any disbursement or otherwise dispose of the Fund, but its only duty shall be to hold the Fund for a period of not more than five (5) business days following the effective date of such resignation, at which time (a) if a successor escrow agent shall have been appointed and written notice thereof (including the name and address of such successor escrow agent) shall have been given to the resigning Escrow Agent by the Company Issuer, the Underwriter and such successor Escrow Agent, then the resigning Escrow Agent shall deliver over to the successor escrow agent the Shares, less any portion thereof previously delivered in accordance with this Agreement; or (b) if the resigning Escrow Agent shall not have received written notice signed by the Company and a successor escrow agent, then the resigning Escrow Agent shall promptly refund the amount in the Fund to each prospective purchaser, without interest thereon or deduction therefrom, and the resigning Escrow Agent shall promptly notify the Company In Issuer and the Underwriter in writing of its liquidation and distribution of the fundFund; whereupon, in either case, the Escrow Agent shall be relived relieved of all further obligations and released from all liability under this Agreement. Without limiting the provisions of Section 8 hereof, the resigning Escrow Agent shall be entitled to be reimbursed by the Company Issuer and the Underwriter for any expenses incurred in connection with its resignation, transfer of the Fund to a successor escrow agent or distribution of the fund Fund pursuant to this SectionSection 6.