Common use of Deposit; Balance Clause in Contracts

Deposit; Balance. Purchaser has made, by wire transfer to the Escrow Agent, the Deposit of Twenty Five Thousand Dollars ($25,000) toward the full Purchase Price of Ninety Thousand Dollars ($90,000.00); the Balance of $65,000 will be wire transferred to the Escrow Agent’s Escrow Account within 72 hours after this SPA is signed by both Parties, to purchase the Shares being sold by the Seller. The Purchase Price will be held in the Escrow Account until Closing (as defined in Section 3.01 of this Agreement) or until ordered released as per other sections of this Agreement. The Balance shall be fully refundable to Purchaser until the Closing, for any reason or no reason. In addition if, after signing this Agreement and prior to the Closing, the Purchaser discovers something material that was not previously disclosed to Purchaser, which changes the structure and intent of this Agreement and the transaction, and which the Seller cannot correct immediately, the Purchaser will notify the Seller of the subject of concern and their intention to terminate this Agreement and to request a refund of the Deposit, in writing, addressed to the individuals and addresses listed in Article VI, 6.09 of this Agreement. The Seller then shall have five (5) business days after receiving the request for the return of the Purchase Price, to correct the discrepancy, or the Purchase Price will be refunded to the Purchaser by the Escrow Agent, and this Agreement will be terminated with no liability of either party. The Seller has forwarded, for review by the Purchaser, any and all documents of INTB which Purchaser has requested.

Deposit; Balance. Purchaser has made, by wire transfer to the Escrow Agent, the Deposit of Twenty Five Fifty Thousand Dollars ($25,00050,000) toward the full Purchase Price of Ninety Two Hundred Forty Thousand Dollars ($90,000.00240,000.00); the Balance of $65,000 will be 5190,000 has been wire transferred to the Escrow Agent’s 's Escrow Account within at least 72 hours after this SPA is signed by both Partiesbefore the Closing, to purchase the Shares being sold by the SellerSellers. The Purchase Price will be held in the Escrow Account until Closing (as defined in Section 3.01 of this Agreement) or until ordered released as per other sections of this Agreement. The Balance shall be fully refundable to Purchaser until the Closing, for any a' ny reason or no reason. In addition if, after signing this Agreement and prior to the Closing, the Purchaser discovers something material materi a l that was not previously disclosed to PurchaserPurchaser , which changes the structure struc ture and intent of this Agreement Agreement. and the transactiontransaction , and which the Seller Sellers cannot correct immediatelyimme diately, the Purchaser Purc has e r will notify the Seller Sellers of the subject of concern and their intention to terminate this Agreement and to request a refund of the th e Deposit, in writing, addressed to the individuals and addresses listed in Article VI, 6.09 of this Agreement. The Seller Sellers then shall have five (5) business days after receiving the request for the return of the Purchase Price, . to correct the discrepancydiscrepancy , or the Purchase Price will be refunded to the Purchaser by the Escrow Agent, . and this Agreement will be terminated with no liability of either party. part y. The Seller has forwardedSellers have forwarded , for review by the Purchaser, any and all documents of INTB URSL which Purchaser has requested.