Common use of Escrow Arrangements; Form of Payment Clause in Contracts

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) and pending the Closings, the aggregate proceeds of the sale of the Convertible Debentures to Buyer(s) pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx Xxxxxxxx, Esq., as escrow agent (the “Escrow Agent”), pursuant to the terms of an escrow agreement between the Company, the Buyer(s) and the Escrow Agent in the form attached hereto as Exhibit B (the “Escrow Agreement”). Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Dates, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures to be issued and sold to such Buyer(s), minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Thousand Dollars ($20,000), which shall be paid directly from the gross proceeds held in escrow of the First Closing and (ii) the Company shall deliver to each Buyer, Convertible Debentures which such Buyer(s) is purchasing in amounts indicated opposite such Buyer’s name on Schedule I, duly executed on behalf of the Company.

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) and pending the Closings, the aggregate proceeds of the sale of the Convertible Debentures to Buyer(s) pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx XxxxxxxxDavid Gonzalez, Esq., as escrow agent (the “"Escrow Agent”"), pursuant to the terms xx xxx xxxxx of an escrow agreement between the Company, the Buyer(s) and the Escrow Agent in the form attached hereto as Exhibit B (the “"Escrow Agreement”"). Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Dates, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures to be issued and sold to such Buyer(s), minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Five Thousand Dollars ($20,0007,500), which shall be paid directly from the gross proceeds held in escrow of the First Closing and (ii) the Company shall deliver to each Buyer, Convertible Debentures which such Buyer(s) is purchasing in amounts indicated opposite such Buyer’s 's name on Schedule I, duly executed on behalf of the Company.

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) and pending the Closings, the aggregate proceeds of the sale of the Convertible Debentures to Buyer(s) pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx Dxxxx Xxxxxxxx, Esq., as escrow agent (the “"Escrow Agent”"), pursuant to the terms of an escrow agreement between the Company, the Buyer(s) and the Escrow Agent in the form attached hereto as Exhibit B (the “"Escrow Agreement”"). Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Dates, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures to be issued and sold to such Buyer(s), minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Ten Thousand Dollars ($20,000), 10,000) which shall be paid directly from the gross proceeds held in escrow of the First Closing and (ii) the Company shall deliver to each Buyer, Convertible Debentures which such Buyer(s) is purchasing in amounts indicated opposite such Buyer’s 's name on Schedule I, duly executed on behalf of the Company.

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) and pending the Closings, the aggregate proceeds of the sale of the Convertible Debentures to Buyer(s) pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx XxxxxxxxDavid Gonzalez, Esq., as escrow agent xx xxxxxx xgent (the “"Escrow Agent”"), pursuant to the terms of an escrow agreement between the Company, the Buyer(s) and the Escrow Agent in the form attached hereto as Exhibit B (the “"Escrow Agreement”"). Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Dates, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures to be issued and sold to such Buyer(s), minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Ten Thousand Dollars ($20,00010,000), which shall be paid directly from the gross proceeds held in escrow of the First Closing and (ii) the Company shall deliver to each Buyer, Convertible Debentures which such Buyer(s) is purchasing in amounts indicated opposite such Buyer’s 's name on Schedule I, duly executed on behalf of the Company.

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) and pending the ClosingsClosing, the aggregate proceeds of the sale of the Convertible Debentures to Buyer(s) pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx XxxxxxxxDavid Gonzalez, Esq., as escrow agent (the “"Escrow Agent”"), pursuant to the terms pursuaxx xx xxx xxxxs of an escrow agreement between the Company, the Buyer(s) and the Escrow Agent in the form attached hereto as Exhibit B (the “"Escrow Agreement”"). Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing DatesDate, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures to be issued and sold to such Buyer(s), minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Ten Thousand Dollars ($20,00010,000), which shall be paid directly from the gross proceeds held in escrow of the First Closing and (ii) the Company shall deliver to each Buyer, Convertible Debentures which such Buyer(s) is purchasing in amounts indicated opposite such Buyer’s 's name on Schedule I, duly executed on behalf of the Company.

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) and pending the Closings, the aggregate proceeds of the sale of the Convertible Debentures to Buyer(s) pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx XxxxxxxxDavid Gonzalez, Esq., as escrow agent xxxxxx xxxxx (the “"Escrow Agent”"), pursuant to the terms of an escrow agreement between the Company, the Buyer(s) and the Escrow Agent in the form attached hereto as Exhibit B (the “"Escrow Agreement”"). Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing DatesDate, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures to be issued and sold to such Buyer(s), minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Seven Thousand Five Hundred Dollars ($20,000), 7,500) which shall be paid directly from the gross proceeds held in escrow of the First Closing and (ii) the Company shall deliver to each Buyer, Convertible Debentures which such Buyer(s) is purchasing in amounts indicated opposite such Buyer’s 's name on Schedule I, duly executed on behalf of the Company.

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) the Buyer and pending the ClosingsClosing, the aggregate proceeds of the sale of the Convertible Debentures Debenture to Buyer(s) the Buyer pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx Xxxxxxxx, Esq., as escrow agent (the “"Escrow Agent”"), pursuant to the terms of an escrow agreement between the Company, the Buyer(s) Buyer and the Escrow Agent in the form attached hereto as Exhibit B (the “"Escrow Agreement”"). Subject to the satisfaction of the terms and conditions of this Agreement, and in accordance with the Escrow Agreement, on the Closing DatesDate, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures Debenture to be issued and sold to such Buyer(s)the Buyer, minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Ten Thousand Dollars ($20,000), 10,000) which shall be paid directly from the gross proceeds held in escrow of the First Closing Closing, and (ii) the Company shall deliver to each the Buyer, a Convertible Debentures Debenture which such Buyer(s) the Buyer is purchasing in amounts the amount indicated opposite such the Buyer’s 's name on Schedule I, duly executed on behalf of the Company.

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) the Buyers and pending the ClosingsClosing, the aggregate proceeds of the sale of the Convertible Debentures to Buyer(s) the Buyers pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx XxxxxxxxDavid Gonzalez, Esq., as escrow agent (the “"Escrow Agent”"), pursuant to the terms pursuaxx xx xxx xxxxs of an escrow agreement between the Company, the Buyer(s) Buyers and the Escrow Agent in the form attached hereto as Exhibit B (the “"Escrow Agreement”"). Subject to the satisfaction of the terms and conditions of this Agreement, and in accordance with the Escrow Agreement, on the Closing DatesDate, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures to be issued and sold to such Buyer(s)the Buyers, minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Thousand Dollars outlined in Sections 6 ($20,000), g) and (h) which shall be paid directly from the gross proceeds held in escrow of the First Closing Closing, and (ii) the Company shall deliver to each Buyerthe Buyers, Convertible Debentures which such Buyer(s) is the Buyers are purchasing in amounts the amount indicated opposite such Buyer’s the Buyers name on Schedule I, duly executed on behalf of the Company.

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) and pending the Closings, the aggregate proceeds of the sale of the Convertible Debentures to Buyer(s) pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx Xxxxxxxx, Esq., as escrow agent (the “Escrow Agent”), pursuant to the terms of an escrow agreement between the Company, the Buyer(s) and the Escrow Agent in the form attached hereto as Exhibit B (the “Escrow Agreement”). Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Dates, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures to be issued and sold to such Buyer(s), minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Five Thousand Dollars ($20,0005,000), which shall be paid directly from the gross proceeds held in escrow of the First Closing and (ii) the Company shall deliver to each Buyer, Convertible Debentures which such Buyer(s) is purchasing in amounts indicated opposite such Buyer’s name on Schedule I, duly executed on behalf of the Company.

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) and pending the Closings, the aggregate proceeds of the sale of the Convertible Debentures to Buyer(s) pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx Xxxxxxxx, Esq., as escrow agent (the “"Escrow Agent”"), pursuant to the terms of an escrow agreement between the Company, the Buyer(s) and the Escrow Agent in the form attached hereto as Exhibit B (the “"Escrow Agreement”"). Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing DatesDate, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures to be issued and sold to such Buyer(s), minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Ten Thousand Dollars ($20,000), 10,000) which shall be paid directly from the gross proceeds held in escrow of the First Closing and (ii) the Company shall deliver to each Buyer, Convertible Debentures which such Buyer(s) is purchasing in amounts indicated opposite such Buyer’s 's name on Schedule I, duly executed on behalf of the Company.

Escrow Arrangements; Form of Payment. Upon execution hereof by Buyer(s) and pending the Closings, the aggregate proceeds of the sale of the Convertible Debentures to Buyer(s) pursuant hereto shall be deposited in a non-interest bearing escrow account with Xxxxx XxxxxxxxDavid Gonzalez, Esq., as escrow agent (the “"Escrow Agent”"), pursuant to the terms xx xxx xxxxx of an escrow agreement between the Company, the Buyer(s) and the Escrow Agent in the form attached hereto as Exhibit B (the “"Escrow Agreement”"). Subject to the satisfaction of the terms and conditions of this Agreement, on the Closing Dates, (i) the Escrow Agent shall deliver to the Company in accordance with the terms of the Escrow Agreement such aggregate proceeds for the Convertible Debentures to be issued and sold to such Buyer(s), minus the unpaid structuring fees and expenses of Yorkville Advisors Management, LLC of Twenty Ten Thousand Dollars ($20,00010,000), which shall be paid directly from the gross proceeds held in escrow of the First Closing and (ii) the Company shall deliver to each Buyer, Convertible Debentures which such Buyer(s) is purchasing in amounts indicated opposite such Buyer’s 's name on Schedule I, duly executed on behalf of the Company.