EX-4.14
from S-1/A
2 pages
These Instructions Are Given to You Pursuant to a Funds Escrow Agreement Among Powercold Corporation (The “Company”), Laurus Master Fund, Ltd., and Loeb & Loeb Llp as Escrow Agent. Subject to the Terms Set Forth Below, You Are Instructed to Disburse or Allocate $5,000,000 of the Investor’s Funds Received by You to and on the Company’s Behalf as Follows: 1. $4,798,500 the Company Pursuant to the Following Wire Instructions: The Northern Trust Company 801 South Canal Street Chicago, Il 60607 Aba 071000152 Credit Account No. 57711 Legg Mason Further Credit To: Account No. 366-03685 Powercold Corporation 2. $175,000 – Laurus Capital Management, L.L.C. (Management Fees) North Fork Bank New York, Ny 10022 Aba Number: 021-407912 for Credit To: Laurus Capital Management, L.L.C. Account Number: 2774045278 3. $24,500 - Laurus Capital Management, L.L.C. (Due Diligence and Legal Fees:) Northfork Bank New York, Ny 10022 Aba Number: 021-407912 for Credit To: Laurus Capital Management, L.L.C. Account Number: 2774045278 4. $2,000 – Loeb & Loeb Llp (Escrow Agent Fee) Bank: Citibank, N.A. Aba No: 021000089 Acct. No.: 02674308 Reference: Laurus Escrow Arrangement 2
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