Common use of Cancellation of Subscriptions Clause in Contracts

Cancellation of Subscriptions. (a) The Company may cancel any Investor’s offer to purchase Securities (the “Subscription”), in whole or in part. If all or any portion of the total purchase price for such rejected or canceled Subscription has been delivered to the Escrow Agent, the Company’s Authorized Representative will either direct a refund through the Connect Account or instruct Escrow Agent to refund some or all of the Escrow Funds from the Escrow Account in the form of Exhibit “C” attached hereto and, as applicable, in compliance with Regulation CF, 17 C.F.R. 227.304