Document ID: 12142

Text:
| 2.4.2.| The remaining Twenty Five Thousand ( $25,000 ) will be released immediately upon the filing of the Companys quarterly report on Form 10-Q for the period ended September 30, 2017 (the Immediate Report) to the Seller , and in accordance with the wire transfer instructions for the Seller set forth on Exhibit E, provided that such Immediate Report is timely filed with the Securities and Exchange Commission (SEC or the Commission). In the event that the Immediate Report is not timely filed with the SEC, Purchasers shall notify the Escrow Agent in writing to release $25,000 to the Purchaser or as otherwise instructed in the release notice within 5 business days upon the occurrence of such failure. The Escrow Agent shall notify the Seller within 2 business days upon receipt of the release notice. The Seller shall notify the Purchasers and the Escrow Agent in writing within 5 business days upon the receipt of such notification from the Escrow Agent if it considers itself has satisfied its obligation under Section 3.14 of this Agreement and thus disputes such release. If the Seller timely notifies the Escrow Agent about the dispute, the Escrow Agent shall withhold $25,000 until the dispute is resolved and the Seller and Purchasers have to come to a mutual agreement about the release of $25,000. If the Seller does not or fails to notify the Escrow Agent within 5 business days of the receipt of the notice from the Escrow Agent, the Escrow Agent shall promptly release $25,000 pursuant to the release notice from the Purchasers. ---|---|---

Named Entities:
14
17
Principal

Tokenized Text:
|
2
.
4
.
2
.
|
The
remaining
Twenty
Five
Thousand
(
$
25
,
000
)
will
be
released
immediately
upon
the
filing
of
the
Companys
quarterly
report
on
Form
10-Q
for
the
period
ended
September
30
,
2017
(
the
Immediate
Report
)
to
the
Seller
,
and
in
accordance
with
the
wire
transfer
instructions
for
the
Seller
set
forth
on
Exhibit
E
,
provided
that
such
Immediate
Report
is
timely
filed
with
the
Securities
and
Exchange
Commission
(
SEC
or
the
Commission
)
.
In
the
event
that
the
Immediate
Report
is
not
timely
filed
with
the
SEC
,
Purchasers
shall
notify
the
Escrow
Agent
in
writing
to
release
$
25
,
000
to
the
Purchaser
or
as
otherwise
instructed
in
the
release
notice
within
5
business
days
upon
the
occurrence
of
such
failure
.
The
Escrow
Agent
shall
notify
the
Seller
within
2
business
days
upon
receipt
of
the
release
notice
.
The
Seller
shall
notify
the
Purchasers
and
the
Escrow
Agent
in
writing
within
5
business
days
upon
the
receipt
of
such
notification
from
the
Escrow
Agent
if
it
considers
itself
has
satisfied
its
obligation
under
Section
3
.
14
of
this
Agreement
and
thus
disputes
such
release
.
If
the
Seller
timely
notifies
the
Escrow
Agent
about
the
dispute
,
the
Escrow
Agent
shall
withhold
$
25
,
000
until
the
dispute
is
resolved
and
the
Seller
and
Purchasers
have
to
come
to
a
mutual
agreement
about
the
release
of
$
25
,
000
.
If
the
Seller
does
not
or
fails
to
notify
the
Escrow
Agent
within
5
business
days
of
the
receipt
of
the
notice
from
the
Escrow
Agent
,
the
Escrow
Agent
shall
promptly
release
$
25
,
000
pursuant
to
the
release
notice
from
the
Purchasers
.
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