Common use of Escrowed Documents Clause in Contracts

Escrowed Documents. a. Subject to the provisions and conditions herein, the following documents are deposited in escrow with Escrow Agent and Escrow Agent is hereby instructed to hold said instruments and accept payments and stock for application as hereinafter provided, and to deliver the described two Quit Claim Deeds to APC or its designated agent upon satisfaction of all conditions set forth in paragraph 2 below, or, in the event of default, to deliver the contents of the escrow to Pace or his agent: i. Quit Claim Deed dated April 9, 2010, from JBM to APC conveying coal rights in J▇▇▇▇▇ Basin County, Montana (the “JBM Quit Claim Deed”). ii. Quit Claim Deed dated April 9, 2010, from Pace to APC conveying other mineral rights in J▇▇▇▇▇ Basin County, Montana (the “Pace Quit Claim Deed” and, together with the JBM Quit Claim Deed, the “Quit Claim Deeds”). iii. Mortgage and Security Agreement dated April 9, 2010 (the “Mortgage”), which secures the payments and other obligations due from APC to JBM and Pace under the following agreements: 1. Coal Agreement, as amended by that certain Assignment and Assumption of Coal Agreement, dated as of March 31, 2010, by and among JBM, Future Gas, and Teen Glow Makeup, Inc., and as further amended by the Amended Coal Agreement. 2. Second Amended Coal Promissory Note. 3. Mineral Agreement, as amended by that certain Assignment and Assumption of Mineral Agreement, dated as of March 31, 2010, by and among Pace, Future Gas, and Teen Glow Makeup, Inc., and as further amended by the Amended Mineral Agreement. 4. Second Amended Mineral Promissory Note. 5. Stock Agreement, dated as of February 4, 2010, by and between Pace and Future Gas, as amended by that certain Assignment and Assumption of Stock and Consulting Agreements, dated as of March 31, 2010, by and between Pace and Future Gas (the “Assignment Agreement”). 6. Consulting Agreement, dated as of February 4, 2010, by and between Pace and Future Gas (the “Consulting Agreement”), as amended by the Assignment Agreement, and by the Amendment To Consulting Agreement dated December 11, 2012.

Appears in 1 contract

Sources: Escrow Agreement (American Power Corp.)

Escrowed Documents. a. Subject to the provisions and conditions herein, the following documents are deposited in escrow with Escrow Agent and Escrow Agent is hereby instructed to hold said instruments and accept payments and stock for application as hereinafter provided, and to deliver the described two Quit Claim Deeds to APC or its designated agent upon satisfaction of all conditions set forth in paragraph 2 below, or, in the event of default, to deliver the contents of the escrow to Pace or his agent: i. Quit Claim Deed dated April 9, 2010, from JBM to APC conveying coal rights in J▇▇▇▇▇ Basin County, Montana (the “JBM Quit Claim Deed”). ii. Quit Claim Deed dated April 9, 2010, from Pace to APC conveying other mineral rights in J▇▇▇▇▇ Basin County, Montana (the “Pace Quit Claim Deed” and, together with the JBM Quit Claim Deed, the “Quit Claim Deeds”). iii. Mortgage and Security Agreement dated April 9, 2010 (the “Mortgage”), which secures the payments and other obligations due from APC to JBM and Pace under the following agreements: 1. Coal Agreement, as amended by that certain Assignment and Assumption of Coal Agreement, dated as of March 31, 2010, by and among JBM, Future Gas, and Teen Glow Makeup, Inc., and as further amended by the Amended Coal Agreement. 2. Second Coal Agreement Promissory Note as amended by the Amended Coal Promissory Note. 3. Mineral Agreement, as amended by that certain Assignment and Assumption of Mineral Agreement, dated as of March 31, 2010, by and among Pace, Future Gas, and Teen Glow Makeup, Inc., and as further amended by the Amended Mineral Agreement. 4. Second Mineral Agreement Promissory Note as amended by the Amended Mineral Promissory Note. 5. Stock Agreement, dated as of February 4, 2010, by and between Pace and Future Gas, as amended by that certain Assignment and Assumption of Stock and Consulting Agreements, dated as of March 31, 2010, by and between Pace and Future Gas (the “Assignment Agreement”). 6. Consulting Agreement, dated as of February 4, 2010, by and between Pace and Future Gas (the “Consulting Agreement”), as amended by the Assignment Agreement, and by the Amendment To Consulting Agreement dated December 11, 2012.

Appears in 1 contract

Sources: Escrow Agreement (American Power Corp.)