Common use of Appointment of Escrow Agent and Creation of Account Clause in Contracts

Appointment of Escrow Agent and Creation of Account. The Company hereby appoints the Escrow Agent as escrow agent hereunder and directs it to hold those assets described in Exhibit A attached hereto, together with any additional assets which may be deposited with the Escrow Agent from time to time to be held pursuant to this Agreement and any additions thereto (collectively, the "Escrow Assets"), in a separate account in the name of "SB Merger Corp. - Stock Escrow Account" (the "Escrow Account"). The Escrow Account shall be administered and distributed in accordance with the terms set forth below. Contemporaneously with the closing of the Offering, the Company shall deposit with the Escrow Agent those assets listed on Exhibit A. 1. Initial Deposit into Escrow Account. Certificates representing all Shares sold by the Company shall be deposited directly in the Escrow Account by the Company.

Appointment of Escrow Agent and Creation of Account. The Company hereby appoints the Escrow Agent as escrow agent hereunder and directs it to hold those assets described in Exhibit A attached hereto, together with any additional assets which may be deposited with the Escrow Agent from time to time to be held pursuant to this Agreement and all income earned from investment of the assets described in Exhibit A and any additions thereto (collectively, the "Escrow Assets"), in a separate account in the name of "SB Merger Corp. - Stock Escrow Account" (the "Escrow Account"). The Escrow Account shall be invested, administered and distributed in accordance with the terms set forth below. Contemporaneously with the closing of the Offering, the Company shall deposit with the Escrow Agent those assets listed on Exhibit A. 1. Initial Deposit into Escrow Account. Certificates representing all Shares sold by the Company shall be deposited directly in the Escrow Account by the Company.

Appointment of Escrow Agent and Creation of Account. The Company hereby appoints the Escrow Agent as escrow agent hereunder and directs it to hold those assets described in Exhibit A attached hereto, together with any additional assets which may be deposited with the Escrow Agent from time to time to be held pursuant to this Agreement and any additions thereto (collectively, the "Escrow Assets"), in a separate account in the name of "SB Merger Corp. Able One Capital, Inc. - Stock Escrow Account" (the "Escrow Account"). The Escrow Account shall be administered and distributed in accordance with the terms set forth below. Contemporaneously with the closing of the Offering, the Company shall deposit with the Escrow Agent those assets listed on Exhibit A. 1. Initial Deposit into Escrow Account. Certificates representing all Shares sold by the Company shall be deposited directly in the Escrow Account by the Company.