Tripartite escrow agreement, purchase price holdback

[On an e-stamp certificate of the value chargeable under Article 5 of the State schedule]

ESCROW AGREEMENT

THIS ESCROW AGREEMENT is made at [Place of signing the Escrow Agreement] on this [Day of the month the agreement is made] day of [month, year]

By and between

(1) [Name of the seller], [a company incorporated under the Companies Act 2013 bearing CIN [CIN] / son of [name], aged about [age] years], bearing Permanent Account Number [Seller's PAN], having its [registered office / residence] at [Seller's address], hereinafter called the “Seller”;

(2) [Name of the purchaser], a company incorporated under the Companies Act 2013 bearing Corporate Identity Number [CIN] and Permanent Account Number [Purchaser's PAN], having its registered office at [Purchaser's registered office address], hereinafter called the “Purchaser”; and

(3) [Name of the escrow agent], a [banking company constituted under [statute] / trusteeship company incorporated under the Companies Act 2013 bearing CIN [CIN]], acting through its [branch / office] at [Escrow agent's address], hereinafter called the “Escrow Agent”.