EX1A-8 ESCW AGMT 66 f1apos2019ex8-20_otis.htm AMENDMENT TO ESCROW AGREEMENT, DATED SEPTEMBER 20 2019, AMONG NORTH CAPITAL PRIVATE SECURITIES CORPORATION, OTIS WEALTH, INC. AND SERIES DROP 010, A SERIES OF OTIS GALLERY LLC

Exhibit 8.20

 

AMENDMENT TO THE ESCROW AGREEMENT

 

This Amendment to the Escrow Agreement (this “Amendment”) is entered into as of September 20, 2019 by North Capital Private Securities Corporation (“Placement Agent”), Otis Wealth, Inc. (the “Platform”), North Capital Private Securities Corporation (“Escrow Agent”), and Series Drop 010, a Series of Otis Gallery, LLC (“Issuer”). NCPS, Portal, Escrow Agent and the Issuer are sometimes referred to herein individually as a “Party” and collectively as the “Parties”.

 

WHEREAS:

 

A. The Parties heretofore entered into that certain Escrow Agreement dated as of September 11, 2019. Capitalized terms used herein without definition have the meaning set forth in the Escrow Agreement.

 

B. Exhibit A of the Escrow Agreement set the Minimum Offering Amount to be $12,500.

 

C. The Parties desire to amend the Escrow Agreement and set the Minimum Offering Amount to be $24,000.

 

NOW, THEREFORE, the Parties hereby agree as follows:

 

1.Amendment. The Minimum Offering Amount is hereby amended and set at $24,000. This Amendment may be executed by the Parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a number of copies hereof each signed by less than all, but together signed by the Parties.

 

[Signature Pages Follow]

 

 

 

 

Issuer: Series Drop 010, a Series of Otis Gallery LLC
By: Otis Wealth, Inc., its manager
   
By: /s/ Michael Karnjanaprakorn  
Name: Michael Karnjanaprakorn  
Title: Chief Executive Officer  
   
Platform: Otis Wealth, Inc.  
   
By: /s/ Michael Karnjanaprakorn  
Name: Michael Karnjanaprakorn  
Title: Chief Executive Officer  
   
North Capital Private Securities, as Escrow Agent
   
By: /s/ Stephanie Holt  
Name: Stephanie Holt  
Title: COO  
   
North Capital Private Securities, as Placement Agent
   
By: /s/ Stephanie Holt  
Name: Stephanie Holt  
Title: COO