| ESCROW SERVICES AGREEMENT This Escrow Services Agreement (this “Agreement”) is made and entered into as of January , 2021, by and between Prime Trust, LLC (“Prime Trust”, or “Escrow Agent”) and Hygienic Dress League Corp. (“Issuer”). RECITALS WHEREAS, Issuer proposes to offer for sale to investors as disclosed in its offering materials (the “Offering”), securities pursuant to either a) Rule 506 promulgated by the U.S. Securities and Exchange Commission (“SEC”) under the Securities Act of 1933, as amended (the “Act”); b) Regulation A+ promulgated by the SEC as modified by final rules adopted per Title IV of the Jumpstart Our Business Startups (JOBs) Act; or c) another federal or state exemption from registration, either directly (“issuer direct”) and/or through one or more registered broker-dealers as a selling group, the equity and/or debt securities of Issuer (the “Securities”) up to the maximum amount of $30,000,000 USD (the “Maximum Amount of the Offering”). WHEREAS, Issuer desires to establish an Escrow Account in which funds received from prospective investors (“Subscribers”) will be held during the Offering, subject to the terms and conditions of this Agreement. Prime Trust agrees to serve as Escrow Agent with respect to such Escrow Account in accordance with the terms and conditions set forth herein to be held at a FDIC insured bank (the “Bank”), in a segregated account as defined below. AGREEMENT NOW THEREFORE, in consideration of the foregoing, it is hereby agreed as follows: |
1. | Establishment of Escrow Account. Prior to the date the offering commences (the “Commencement Date”), the Escrow Agent shall establish an account at the Bank, for the benefit of investors in the offering (the “Escrow Account”). The Escrow Account shall be a segregated, deposit account at the Bank. All parties agree to maintain the Escrow Account and escrowed funds in a manner that is compliant with SEC Rules I Ob-9 and 15c2-4, promulgated under the Securities Exchange Act of 1934, as amended. |