Common use of Lock Up by Xxxxxxx Clause in Contracts

Lock Up by Xxxxxxx. Xxxxxxx shall not sell, transfer or assign all or any of the shares of Consideration Stock for a period of two (2) years following the Closing, without the written consent of the Target Company, which consent may be withheld in the Target Company's sole discretion.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Vital Living Inc), Stock Purchase Agreement (Human Biosystems Inc), Stock Purchase Agreement (Sk Technologies Corp)

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Lock Up by Xxxxxxx. Xxxxxxx shall not sell, transfer or assign all or any of the shares of Consideration Stock for a period of two (2) years following the Closing, without the written consent of the Target Company, which consent may be withheld in the Target Company's sole discretion. The Consideration Stock shall be maintained in certificate form until Xxxxxxx is permitted to sell the Consideration Stock. Xxxxxxx shall allow Target Company or its representatives access to the certificates for the Consideration Stock for inspection during ordinary business hours upon reasonable notice until Xxxxxxx is permitted to sell the Consideration Stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Quintek Technologies Inc)

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