Common use of Indemnity Escrow Clause in Contracts

Indemnity Escrow. The Company shall, on the Closing Date, deposit into an escrow account, for the benefit of the Representative, with an escrow agent in the United States selected by the Representative, an amount equal to two hundred thousand dollars ($200,000) from the Offering proceeds to be released to the Underwriter Indemnified Parties in the connection with the payments of Company’s indemnification obligations pursuant to this Section 5. The escrow account will remain in place for a period of twelve (12) months from the date of the closing of the Offering. The Escrow Agreement shall be in the form of Exhibit C attached hereto, or as otherwise agreed by the Representative and the Company.

Indemnity Escrow. The Company shall, on the Closing Date, deposit into an escrow account, for the benefit of the Representative, with an escrow agent in the United States selected by the Representative, an amount equal to two five hundred thousand dollars ($200,000500,000) from the Offering proceeds to be released to the Underwriter Indemnified Parties in the connection with the payments of Company’s indemnification obligations pursuant to this Section 5. The escrow account will remain in place for a period of twelve eighteen (1218) months from the date of the closing of the Offeringthis Agreement. The Escrow Agreement shall be in the form of Exhibit C E, attached hereto, or as otherwise agreed by the Representative and the CompanyRepresentative.

Indemnity Escrow. The Company shall, on the Closing Date, deposit into an escrow account, for the benefit of the Representative, with an escrow agent in the United States selected by the Representative, an amount equal to two three hundred thousand dollars ($200,000300,000) from the Offering proceeds to be released to the Underwriter Indemnified Parties in the connection with the payments of Company’s indemnification obligations pursuant to this Section 5. The escrow account will remain in place for a period of twelve eighteen (1218) months from the date of the closing of the Offeringthis Agreement. The Escrow Agreement shall be substantially in the form of Exhibit C C, attached hereto, or as otherwise agreed by the Representative and the CompanyRepresentative.