PLACEMENT OF PURCHASE FUNDS IN escrow. The Company shall cause the Shareholders to deliver the Purchase Funds delivered pursuant to the Subscriptions for the Issuance Shares to the Escrow Agent to be held in accordance with the terms of this Agreement. While the Purchase Funds are in escrow, the Company will not issue, deliver, transfer, assign, option, dispose of, pledge or encumber any interest in the Issuance Shares.
Appears in 6 contracts
Samples: Escrow Agreement (Baoshinn Corp), Escrow Agreement (Baoshinn Corp), Escrow Agreement (Baoshinn Corp)
