LienGen Trust, N.A.

This Escrow Agreement (the “Agreement”) is made between Meridian Construction Group (the “General Contractor”), represented by David Reinholt, and Vanguard Mechanical Systems (the “Subcontractor”), each an authorized party, and LienGen Trust, N.A., a federally chartered depository institution acting as escrow agent.

The General Contractor shall irrevocably deposit into the escrow account, held at LienGen Trust routing 021000021, the principal sum of $412,800.00 (the “Escrowed Funds”), to be released to the Subcontractor upon satisfaction of the conditions set forth in Section 4.

The work shall be performed at the site commonly known as 1500 Cedar Ridge Blvd, Austin, TX 78745, in the jurisdiction of the State of TX. This Agreement shall be governed by, and construed in accordance with, the laws of that State, including its statutory lien and prompt-payment provisions.

HVAC rough-in for outpatient wing, floors 2–4.

1. Delivery of a signed conditional lien waiver in the form prescribed by the State of TX.
2. Written acceptance of substantial completion by the General Contractor.
3. Absence of any unresolved statutory lien claim against the Escrowed Funds within the notice period required by applicable law.
4. ACH settlement to the Subcontractor’s beneficiary account on file with LienGen Trust.

LienGen Trust shall assess a flat escrow servicing fee of $125.00, netted from the Escrowed Funds at disbursement. Standard ACH settlement occurs within 1–2 business days of the release trigger.