Release Procedure. Within ten (10) business days after receiving all documents specified in Clause 3.1, the Escrow Agent shall effect the transfer of the corresponding number of shares according to the quantity and recipient information detailed in said written instruction. Handling fees and relevant taxes incurred shall be borne by the recipient, unless otherwise stipulated in the SPA.
Appears in 2 contracts
Sources: Escrow Agreement (Kaixin Holdings), Escrow Agreement (Kaixin Holdings)