Extract to table
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Extract to table / wire-transfer-instructions-letter.docx
wire-transfer-instructions-letter.docx
Parties
Skybridge Fintech Ltd
Financial Officer Skybridge Fintech Ltd
General Counsel Skybridge Fintech Ltd
Harkness LLP
Dates
January 14, 2024
January 15, 2024
January 26, 2024
Amounts
$60,000,000
$45,000,000
$15,000,000
$7,500.00
$44,992,500.00
$15,000,000.00
$30,000,000
$10,000,000
$5,000,000
Obligations
Capitalized terms used but not otherwise defined in this letter shall have the meanings ascribed to such terms in the Escrow Agreement
In the event that the Company provides superseding instructions for the Final Closing, such superseding instructions shall be delivered to the Escrow Agent no later than two (2) business days prior to the anticipated date of the Final Closing
For the avoidance of doubt, the escrow fee shall be deducted solely from the Initial Closing disbursement
Accordingly, the net disbursement amount to the Company in connection with the Initial Closing shall be Forty-Four Million Nine Hundred Ninety-Two Thousand Five Hundred Dollars ($44,992,500
The disbursement in connection with the Final Closing shall be remitted to the Company in full, without any further deduction, in the amount of Fifteen Million Dollars ($15,000,000
Authorization and Irrevocability The wire transfer instructions set forth in Section 2 of this letter are irrevocable and shall remain in full force and effect unless and until superseded by subsequent written instructions signed by an authorized officer of Skybridge Fintech Ltd