Another term that was very cleary broken was that Lauda, Blazed and Minerjones would keep the bitcoin at a specific address, however the bitcoin was moved out of the escrow address very early on.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
Hello.
I am one of the escrows for the NVO-ICO. The 2-of-3 multi-signature address for this project will be:
3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z
Lauda,
17/05/2017
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2
iQEcBAEBCAAGBQJZHJdIAAoJEPTjrTxS+ZrbuQcH/ia4aFdQQe9+p6EnuuYed7gY
eubk16Pkzx21l8JcljJYadIDYW51TI76IukSFwYmoLfG3HoRTexwD02ZYa0bA4oO
cm4kaikbf3U9CU32uJ6jklthpc8HbrLs2H+BJMrcA/1dofQKhXntDHUqPQFuTqlR
JitQ3uzLlJ1OFyiRXOpO5kvSD1lGLUS2rXugULZrXZExT0xcA39j+du9QfdC/26N
lFl9y/HA+XSRgf618dSPmxpv6JtORtERvS4kklZvVFIjIxuNy/+kwE2t1qO1Xz1Q
x2UBkbGATrw3MYPbck5TLdcbLNOdX3321r2K8YY7K2CKNCe4zbP0td+gKTPQLEc=
=n++w
-----END PGP SIGNATURE-----
Agreed. Any movement of funds should have been publicly explained and new messages signed. It is very clear there was wrongdoing here.