What Is an Escrow Agreement?
As the name implies, escrow is the provision of items to the other party for temporary storage through oral or written documents.
Hosting
(Proposed agreement)
discuss
- Chinese name
- Hosting
- Foreign name
- trusteeship; deposit
- As the name implies, escrow is the provision of items to the other party for temporary storage through oral or written documents.
- Escrow agreement
- Party A: _________
- Party B: _________
- According to the standardization requirements of the competent authority, after consultation between Party A and Party B, Party A entrusted Party B to handle the share trust
- Hosting
- Article 1 Party A's share capital structure: According to the document No. _________ (_________), the total share capital of Party A's shares _________ shares, of which state shares (sponsor shares) _________%, accounting for _________% of the total shares; Social legal person shares _________ shares, accounting for _________% of total shares; internal employee shares _________ shares, accounting for _________% of total shares; social personal shares _________ shares, accounting for _________% of total shares. The trusteeship confirmation of _________ shares was made in this custody work. Party B beyond the trusteeship will not be recognized by the trusteeship.
- Article 2 Party A shall provide Party B with the following materials when handling the confirmation of share custody, and shall be responsible for its authenticity and accuracy:
- 1. Approval for the establishment of a joint stock company and the approval certificate after re-regulation
- 2. Confirmation document or approval regarding the share capital structure of a joint stock company
- 3 The company's articles of association and the accounting audit report on the confirmation of the company's shareholder structure
- 4 Stock company securities business contact, phone, address
- 5. Provide two disks of the registration database (3-inch floppy disks) and two copies of the written shareholder register corresponding to the disks confirmed by the seal of the company. The disk database contains the shareholder account number, shareholder name, ID number, number of shares held, and contact address. Board
- Agreement
- 6. Samples of stock company stocks and other possible stock receipts and explanation of each element of the stock or stock receipts; provide the seal and name of the manager used in the issuance of stocks
- 7. Provide all kinds of information of the legal person shareholder who handles the escrow procedure in Party B (copy of business license stamped with the official seal of the issuing authority, copy of the legal representative's qualification certificate, the original power of attorney, the manager's ID card, and the shareholder account
- 8. Dividends and dividends have not been distributed in the past years.
- Article 3 Party A is responsible for the release of various announcements during the share custody period. Any company that is released that involves Party B's rights and obligations shall notify Party B in writing in advance and may not be released until signed by Party B.
- Article 4 In the case of share custody, if the materials provided by the shareholders are incomplete or do not match the information of the original shareholders, they shall first register with Party A and issue a certificate of clearance before going to Party B for procedures.
- Article 5 Place of Share Custody: _________.
- Article 6 The time of share custody: from _________ month _________ month _________ to _________ year _________ month _________.
- Article 7 Expenses: Party B collects the escrow registration fee from Party A at 0.3% of the total actual issue price. This time, a total of _________ shares are held in custody, totaling RMB _________. Transferred into Party B's designated bank account at one time before the month _________; Party B charges Party A a monthly service fee of 0.5 yuan per shareholder per month the following month after the share custody, and the monthly service fee is transferred by Party A before the 1st of each month Party B designates a bank account.
- Article 8 Both parties A and B abide by this agreement, and neither party may unilaterally cancel it.
- Article 9 Matters not covered in this agreement shall be settled by both parties. The supplementary contents of the negotiation have the same effect as this agreement.
- Article 10 This agreement is in duplicate, and both parties A and B shall hold one copy, with equal effect.
- Article 11 This Agreement shall enter into force after it has been signed by a representative of the parties A and B or their authorized representatives.
- · Entrusted investment contract · Entrusted consulting contract · Entrusted planning contract · Entrusted production contract
- Party A (seal): _________ Party B (seal): _________
- Authorized representative (signed): _________ Authorized representative (signed): _________
- _________Year____month____day_________year____month____day