DEPOSIT INTO ESCROW. (a) As soon as practicable following the Closing, the Stockholders (or OPI on behalf of the Stockholders) shall deposit (i) into the Escrow Account (as defined in the Escrow Agreement) an aggregate of $100,000, to be held and distributed in accordance with the terms of the Escrow Agreement, and (ii) into the Escrow Deposit Box (as defined in the Escrow Agreement) certificates representing in the aggregate 20,000 shares of the Buyer's Preferred Stock (issued to the Stockholders in the Merger and, with respect to certain Stockholders, pursuant to the Exchange Agreements or otherwise), to be held and distributed in accordance with the terms of Section 8.2 of the Reorganization Agreement and the terms of the Escrow Agreement. (b) As soon as practicable following the Closing, the Buyer shall deposit $100,000 into the Escrow Account, to be held and disbursed in accordance with the terms of the Escrow Agreement.
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Sources: Acquisition Agreement (Bremen Bearings Inc), Merger Agreement (Bremen Bearings Inc)
DEPOSIT INTO ESCROW. (a) As soon as practicable following the Closing, the Stockholders (or OPI on behalf of the Stockholders) shall deposit (i) into the Escrow Account (as defined in the Escrow Agreement) an aggregate of $100,000, to be held and distributed in accordance with the terms of the Escrow Agreement, and (ii) into the Escrow Deposit Box (as defined in the Escrow Agreement) certificates representing in the aggregate 20,000 shares of the Buyer's Preferred Stock (issued to the Stockholders in the Merger and, with respect to certain Stockholders, pursuant to the Exchange Agreements or otherwise), to be held and distributed in accordance with the terms of Section 8.2 of the Reorganization Agreement hereof and the terms of the Escrow Agreement.
(b) As soon as practicable following the Closing, the Buyer shall deposit $100,000 into the Escrow Account, to be held and disbursed in accordance with the terms of the Escrow Agreement.
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