THIS ESCROW AGREEMENT is entered into on 22 November 2024

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the Buyer)

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the Seller)

(3)            PARTY_3_NAME whose principal place of business is at PARTY_3_ADDRESS_SINGLE_LINE (the Escrow Agent)

Whereas

(A) The Seller and Buyer entered into an agreement (the Sale and Purchase Agreement) on DATE providing for the sale by the Seller to the Buyer of TARGET for the consideration and upon the terms and subject to the conditions set out in the Sale and Purchase Agreement.

(B) Under the Sale and Purchase Agreement, the Buyer has agreed to pay the sum of CURRENCY  to the Escrow Agents to hold for the Seller on the terms of this Agreement.

(C) This is the Escrow Agreement referred to in the Sale and Purchase Agreement.

Now it is agreed as follows:

1. Definitions

In this Agreement each expression defined in the Sale and Purchase Agreement shall, except where expressly defined otherwise in this Agreement or where the context otherwise requires, have the same meaning in this Agreement and the following expressions shall have the following meanings.

Escrow Period means the period of from PAYMENT_DATE to the day of Completion;

Escrow Account means account number ACCOUNT and designated as the Escrow Account: 

Escrow Amount means the sum of CURRENCY  referred to in the Sale and Purchase Agreement;