Common use of Purpose Hereof Clause in Contracts

Purpose Hereof. In order to facilitate the purchase of the Shares, FPC shall deposit all funds received by it from the sale of the Shares to Investors (the "Escrow Funds") with TAO, and TAO shall hold the Escrow Funds and not release them to FPC until such time as is described below.

Appears in 2 contracts

Sources: Escrow Agreement (Freewillpc Com Inc), Escrow Agreement (Freewillpc Com Inc)