An escrow agent should provide the parties with a receipt for the escrow property, a copy of the escrow agreement and keep complete and accurate records. Appointment of Escrow Agent.A share escrow agreement is a contract that allows a third party to hold money or anothe financial asset on behalf of someone else. Escrow Agent shall deliver the Escrow to Seller or Purchaser, as the case may be as follows: i. To Seller, upon completion of the closing under the Contract. A stock escrow agreement is a legal contract used to protect the interests of both a company and its shareholders. An escrow agreement, in this case, allows an issuer to secure the funds, with investors protected if financial performance is not up to scratch. ABC CORPORATION, a New York corporation (the "Purchaser"). New York contracts typically allow Seller to keep. Buyer's deposit on default.