Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / escrow-release-instructions-final-closing.docx
escrow-release-instructions-final-closing.docx
Parties
HARKNESS LLP
Skybridge Fintech Ltd
Dates
January 26, 2024
January 15, 2024
January 14, 2024
Amounts
$15,000,000.00
$60,000,000.00
$45,000,000.00
$5,000,000.00
$10,000,000.00
$7,500.00
Obligations
The Final Closing Release Amount shall be disbursed in accordance with the wire transfer instructions set forth in Section 3 below
The following table sets forth a breakdown of the deposits made by each Final Closing Purchaser and the corresponding amounts to be released from the Escrow Account: The undersigned parties confirm and acknowledge that, upon completion of the release contemplated by this Instruction, the aggregate funds released from the Escrow Account under the Escrow Agreement shall total $60,000,000
Following the release of the Final Closing Release Amount, no further funds shall remain on deposit in the Escrow Account
In the event of any discrepancy between the wire transfer instructions set forth in this Section 3 and those set forth in the Wire Transfer Instructions Letter attached as Exhibit A, the wire transfer instructions set forth in this Section 3 shall control
1 of the Escrow Agreement, the Escrow Agent shall be entitled to verify the authenticity of this Instruction through reasonable callback procedures prior to effecting any release of funds
3 of the Escrow Agreement, and shall have no liability to any party arising from such reliance