(a) Parent agrees to deposit the Escrow Shares with the Escrow Agent on the date hereof. A share escrow agreement is a contract that allows a third party to hold money or anothe financial asset on behalf of someone else.The Escrow Agent will distribute the Escrow Amount to the Seller on the Final Payment Date, in accordance with to the terms of the Escrow Agreement. The Escrow Agent will maintain for each Stockholder a spreadsheet accounting record (each, an "Account") specifying the portion of the Escrow Cash and. A stock escrow agreement is a legal contract used to protect the interests of both a company and its shareholders. Form of Stock Escrow Agreement from Novus Capital Corp filed with the Securities and Exchange Commission.