Common use of Irrevocable Commitments Clause in Contracts

Irrevocable Commitments. Prior to the Closing Date, the Purchasers will be delivering (i) executed signature pages to this Agreement and the other Transaction Documents to the Placement Agents (who will deliver such signature pages to the Company) and (ii) their respective Subscription Amounts, by wire transfer to the account provided below, to the Escrow Agent to be held and disbursed in the manner provided in the Escrow Agreement. Each Purchaser acknowledges and agrees that, subject to applicable law, their commitments to purchase Units hereunder will be irrevocable upon delivery of their Subscription Amounts (and signature pages to the Transaction Documents) as provided above, and the Subscription Amounts will only be returned to the Purchasers (if ever) in the manner described in the Escrow Agreement. All Subscription Amounts should be delivered by the Purchasers to the Escrow Agent by wire transfer to the following account: Wire Transfer to: Bank: Commerce Bank 58▇-▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ABA#: 02▇-▇▇▇-▇▇▇ Swift#: CBNAUS 33 Title of Account: Rubin, Bailin, Ortoli, Mayer & Ba▇▇▇ ▇LP Account #7916582815 Reference: Ma▇▇▇ ▇etroleum Corporation

Irrevocable Commitments. Prior to the Closing Date, the Purchasers will be delivering (i) executed signature pages to this Agreement and the other Transaction Documents to the Placement Agents (who will deliver such signature pages to the Company) and (ii) their respective Subscription Amounts, by wire transfer to the account provided below, to the Escrow Agent to be held and disbursed in the manner provided in the Escrow Agreement. Each Purchaser acknowledges and agrees that, subject to applicable law, their commitments to purchase Units hereunder will be irrevocable upon delivery of their Subscription Amounts (and signature pages to the Transaction Documents) as provided above, and the Subscription Amounts will only be returned to the Purchasers (if ever) in the manner described in the Escrow Agreement. All Subscription Amounts should be delivered by the Purchasers to the Escrow Agent by wire transfer to the following account: Wire Transfer to: Bank: Commerce Bank 58▇▇▇-▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ABA#: 02▇▇▇-▇▇▇-▇▇▇ Swift#: CBNAUS 33 Title of Account: Rubin, Bailin, Ortoli, Mayer & Ba▇▇▇▇▇ ▇LP LLP Account #7916582815 Reference: Ma▇▇▇▇▇ ▇etroleum Petroleum Corporation