Common use of Delivery of Proceeds Clause in Contracts

Delivery of Proceeds. 2.1 Concurrently with the execution of this agreement and the Closing of the Offering, Sprott shall deliver U.S.$1,220,000 (the "Proceeds") to the Escrow Agent in the form of a certified cheque made payable to "▇▇▇▇ & Berlis in Trust". 2.2 If Sprott fails to deliver the total aggregate Proceeds, the Escrow Agent shall have no obligations, liability or responsibility under this agreement whatsoever, and this agreement shall be of no force and effect.

Delivery of Proceeds. 2.1 Concurrently with the execution of this agreement and the Closing of the Offering, Sprott shall deliver U.S.$1,220,000 U.S.$10,380,000 (the "Proceeds") to the Escrow Agent in the form of a certified cheque made payable to "▇▇▇▇ & Berlis in Trust". 2.2 If Sprott fails to deliver the total aggregate Proceeds, the Escrow Agent shall have no obligations, liability or responsibility under this agreement whatsoever, and this agreement shall be of no force and effect.