Escrow agreement for Share Options where escrow amount is held in an escrow arrangement for a period of time and is paid to the Seller upon notification by the Buyer.
By a share option agreement, the Seller grants to the Buyer a call option and are required to execute and/or deliver certain documents to the Escrow Agent.
The Seller and the Buyer have agreed to appoint the Escrow Agent to hold the Escrow Amount and the Escrow Agent agrees to such appointment on the terms and subject to the conditions of this Agreement.
The Escrow Agent confirms that it is holding the Escrow Amount on behalf of the Seller and the Buyer on the terms and subject to the conditions of this Agreement.
The Buyer shall deposit the following Escrow Amount and the Escrow Account shall be paid by the Buyer to the Seller or its nominees from the date of this Agreement.
This Agreement should be carefully read by the Buyer, Seller and Escrow Agent.
This Agreement should be signed by the authorised signatory.
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share option agreement,
exercise of option,
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