Common use of Share Escrow Clause in Contracts

Share Escrow. (a) Simultaneous with the execution of this Agreement, the Company agrees to deliver twenty million (20,000,000) shares of Common Stock to the Share Escrow Agent to be held in Escrow pursuant to the terms of the Securities Joint Escrow Instructions annexed hereto as Exhibit B. (b) Simultaneous with the effectiveness of the Registration Statement, the Company shall deliver to the Transfer Agent and the Share Escrow Agent, the Securities Joint Escrow Instructions in the form annexed hereto as Exhibit B. (c) The Common Stock shall be maintained with the Share Escrow Agent until the termination of Purchaser's obligations under this Agreement ("Escrow Period"). At such time, the Share Escrow Agent, upon written notice from the Company, shall release the unissued share certificates back to the Transfer Agent for the Company within five (5) business days thereafter.

Share Escrow. (a) Simultaneous with the execution of this Agreement, the Company agrees to deliver twenty thirty million (20,000,00030,000,000) shares of Common Stock to the Share Escrow Agent to be held in Escrow Escrow, pursuant to the terms of the Securities Joint Escrow Instructions annexed hereto as Exhibit B. (b) Simultaneous with the effectiveness of the Registration Statement, the Company shall deliver to the Transfer Agent and the Share Escrow Agent, the Securities Joint Escrow Instructions in the form annexed hereto as Exhibit B. (c) The Common Stock shall be maintained with the Share Escrow Agent until the termination of Purchaser's obligations under this Agreement ("Escrow Period"). At such time, the Share Escrow Agent, upon written notice from the Company, shall release the unissued share certificates back to the Transfer Agent for the Company within five (5) business days Business Days thereafter.