On the Closing Date, the Purchaser will transfer to the Escrow Agent 10,360,962 shares of common stock of the Parent Company (the “ Escrow Amount”), and the Escrow Agent will hold the Escrow Amount pursuant to the terms and conditions of the Escrow Agreement. The Escrow Agent will pay the Escrow Amount to the Seller in accordance with the Escrow Agreement and the terms and conditions of the within Agreement.
escrows