Insider Lock-Up Agreements. The Company’s directors and officers will enter into customary “lock-up” agreements in favor of the Representative pursuant to which such persons and entities will agree, for a period of at least 180 days from the Closing (“D&O Lockup Period”), that they will neither offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any securities of the Company without Representative’s prior written consent.
Insider Lock-Up Agreements. The Company’s directors and officers and any other holder of five (5%) percent or more of the outstanding shares of Common Stock as of the effective date of the Registration Statement, will enter into customary “lock-up” agreements in favor of the Representative pursuant to which such persons and entities will agree, for a period of one hundred and eighty (180) days from the Closing (“D&O Lockup Period”), that they will neither offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any securities of the Company without Representative ‘s prior written consent.
Insider Lock-Up Agreements. The Company shall cause each of its officers, directors and beneficial owners of 10% or more of its securities (collectively, the “Insiders”) to execute and deliver a twelve-month Lock-Up Agreement, in the form attached hereto as Exhibit F.
Insider Lock-Up Agreements. The Company shall have delivered to the Investor agreements in form and substance reasonably acceptable to the Investor providing for the lock-up of the shares held by Xxxxx Xxxxxxx, Xxxxx Xxxxxxx and Xxxx Xxxxxxxxxx and their respective affiliates.
Insider Lock-Up Agreements. The Company’s directors and officers, and each holder of Common Stock and Common Stock Equivalents holding, on a fully diluted basis, of 5% or more of the Company’s issued and outstanding Common Stock, will enter into the Lock-Up Agreements.
Insider Lock-Up Agreements. The Company has caused to be delivered to you prior to the date of this Agreement a letter, in the form of Exhibit A hereto (the “Lock-Up Agreement”), from each individual or entity listed on Schedule IV. The Company will enforce the terms of each Lock-Up Agreement and issue stop-transfer instructions to the transfer agent for the Common Stock with respect to any transaction or contemplated transaction that would constitute a breach of or default under the applicable Lock-Up Agreement.
Insider Lock-Up Agreements. Within five (5) business days of the Effective Date, or such other date as the parties mutually agree, the Company shall use its commercially reasonable efforts to cause each of the directors and officers of the Company (collectively, the “Insiders”) to enter into a lock-up agreement, upon customary terms and conditions, between each Insider and Xx. Xxxxxx (each, a “Lock-Up Agreement”). Pursuant to such Lock-Up Agreement, each Insider will agree not to sell, transfer, pledge or otherwise dispose of any shares of common stock of the Company or securities exchangeable or convertible into shares of common stock of the Company, subject in all circumstances to customary limitations and exceptions for agreements of this type, and for a period of no more than one year from the Effective Date.
Insider Lock-Up Agreements. The Company shall cause each of its officers, directors and beneficial owners of 10% or more of its securities (collectively, the “Insiders”) to execute and deliver a Lock-Up Agreement (collectively, the “Lock-Up Agreements”) in which such Insiders agree not to sell any securities owned by them for a per share price of less than $8.00 for a period of One Hundred and Eighty (180) days from the Closing Date. Furthermore, and notwithstanding the foregoing, the Insiders shall agree that until such time as at least 50% of the shares of Common Stock underlying the Preferred Shares sold in this Offering are registered under an effective registration statement pursuant to Section 6 below, the Insiders may not sell in excess of 20% of their respective holdings at the minimum per share price of $8.00 and the balance of such holdings (80%) may not be sold for a per share price less than $10.00. All dollar amounts in this Section shall be subject to adjustment for stock splits, reverse stock splits and similar transactions. The Company shall not amend, waiver or terminate any provision of any of the Lock-Up Agreements except to extend the term of the lock-up period and shall enforce the provisions of each Lock-Up Agreement in accordance with its terms. If any officer, or directors that is a party to a Lock-Up Agreement breaches any provision of a Lock-Up Agreement, the Company shall promptly use its best efforts to seek specific performance of the terms of the Lock-Up Agreement.
Insider Lock-Up Agreements. The Insiders and DJ shall have delivered to PFO and the Company an executed Insider Lock-Up Agreement.
Insider Lock-Up Agreements. On or prior to the Effective Date, the Company obtained a lock-up agreement, in a form acceptable to the Executive, acting reasonably, from each of the directors and officers of the Company and its Affiliates (collectively, the “Insiders”) whereby the Insiders agree not to sell, transfer, pledge or otherwise dispose of any Shares of the Company or securities exchangeable or convertible into Shares of the Company until November 6, 2020.
