Market Standoff. The holder hereof agrees that such holder shall not sell, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any Common Stock (or other securities) of the Company held by such holder (other than those included in the registration or acquired following the Company’s initial public offering) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Act; provided that (i) such agreement shall apply only to the Company’s IPO; and (ii) all officers and directors of the Company and holders of at least one percent (1%) of the Company’s voting securities enter into similar agreements. The holder agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter that are consistent with the holder’s obligations under Section 11 or that are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company, the holder shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Act. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of said one hundred eighty (180) day period. The holder agrees that any transferee of this Warrant shall be bound by Section 11. The underwriters of the Company’s stock are intended third party beneficiaries of Section 11 and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto.
Appears in 13 contracts
Samples: Warrant Agreement (Ambit Biosciences Corp), Warrant Agreement (Ambit Biosciences Corp), Warrant Agreement (Ambit Biosciences Corp)
Market Standoff. The holder hereof agrees that such holder To the extent requested by the Company or an underwriter of securities of the Company, the Holder and any permitted transferee thereof shall not not, without the prior written consent of the managing underwriters in the IPO (as hereafter defined), offer, sell, transfer, make any short sale of, grant or sell any option for the purchase of, lend, pledge, otherwise transfer or dispose of (directly or indirectly), enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership (whether any such transaction is described above or is to be settled by delivery of Securities or other securities, in cash, or otherwise), any Securities or other shares of stock of the Company then owned by the Holder or any transferee thereof, or enter into an agreement to do any hedging or similar transaction with the same economic effect as a sale, any Common Stock (or other securities) of the Company held by such holder (other than those included in the registration or acquired following the Company’s initial public offering) foregoing, for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not up to exceed one hundred eighty (180) 180 days following the effective date of a the registration statement of the Company filed under the Act; provided that (i) such agreement shall apply only to the Company’s IPO; and (ii) all officers and directors of the Company and holders of at least one percent (1%) of the Company’s voting securities enter into similar agreements. The holder agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter that are consistent with the holder’s obligations under Section 11 or that are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company, the holder shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any initial public offering of the Company’s securities pursuant to a registration statement Company (the “IPO”) filed under the Securities Act. For purposes of this paragraph, “Company” includes any wholly owned subsidiary of the Company into which the Company merges or consolidates. The Company may place restrictive legends on the certificates representing the shares subject to this paragraph and may impose stop-stop transfer instructions with respect to the Securities and such other shares of Common Stock stock of the Holder and any transferee thereof (and the shares or securities of every other securities) person subject to the foregoing restriction restriction) until the end of said one hundred eighty (180) day such period. The holder agrees that Holder and any transferee of this Warrant thereof shall be bound enter into any agreement reasonably required by Section 11the underwriters to the IPO to implement the foregoing within any reasonable timeframe so requested. The underwriters of the Company’s stock for any IPO are intended third party beneficiaries of Section 11 this paragraph and shall have the right, power and authority to enforce the provisions hereof of this paragraph as though they were a party parties hereto.
Appears in 4 contracts
Samples: Convertible Promissory Note (Gatsby Digital, Inc.), Secured Convertible Promissory Note (Marpai, Inc.), Convertible Promissory Note (Creci Inc.)
Market Standoff. The holder hereof agrees that such holder shall not sell, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any Common Stock (or other securities) Each of the Company held parties to this Agreement agree that, upon request by such holder (other than those included in the registration or acquired following managing underwriter of any Underwritten Offering by the Company’s initial public offering) Corporation, for a period specified of (a) fourteen (14) days prior to the expected date of effectiveness of any Underwritten Offering (such expected date to be indicated to the Stockholder in a notice by the representative of Corporation which may be amended at any time by the underwriters of Common Stock Corporation in good faith), and (or other securitiesb) of the Company not to exceed one hundred eighty (180) days following the effective date of a registration statement the Corporation’s initial underwritten public offering of its Common Stock on Form S-1 or similar form under the Securities Act on Form S-1 or similar form under the Securities Act, each party hereto shall not, unless otherwise agreed to by the managing underwriters, directly or indirectly sell, offer to sell, contract to sell (including, without limitation, any short sale), grant any option to purchase, or otherwise transfer or dispose of (other than to donees who agree to be similarly bound), any securities of the Company filed under Corporation held by it or enter into any hedging or other transaction that transfers the Acteconomic consequences of such investment, at any time during such period except such Common Stock included by the parties hereto in such registration; provided provided, however, that (i) such agreement shall apply only to the Company’s IPO; and (ii) all executive officers and directors of the Company Corporation and holders of at least one percent (1%) of the Company’s voting securities all other Persons with demand registration rights shall be required to enter into similar agreements. The holder In addition, each party hereto agrees to execute and deliver such other agreements as may be reasonably requested acknowledge the undertaking provided for in this Section 8.2 by the Company or the underwriter that are entering into customary written “lock-up” agreements, consistent with the holder’s obligations under Section 11 or that are necessary to give further effect theretoforegoing, with the managers of the relevant underwriting. In addition, if requested by order to enforce the Company or the representative of the underwriters of Common Stock (or other securities) of the Companyforegoing covenant, the holder shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Act. The Company Corporation may impose stop-transfer instructions with respect to the securities held by each party hereto (and the shares or securities of Common Stock (or other securities) every person subject to the foregoing restriction restriction) until the end of said one hundred eighty (180) day such period. The holder agrees that any transferee of this Warrant shall be bound by Section 11. The underwriters of the Company’s stock are intended third party beneficiaries of Section 11 and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto.
Appears in 2 contracts
Samples: Stockholders Agreement (Intermix Media, Inc.), Stockholders Agreement (Telecom Communications Inc)
Market Standoff. The holder hereof agrees that such holder To the extent requested by the Company or an underwriter of securities of the Company, each Holder and any permitted transferee thereof shall not not, without the prior written consent of the managing underwriters in the IPO (as hereafter defined), offer, sell, transfer, make any short sale of, grant or sell any option for the purchase of, lend, pledge, otherwise transfer or dispose of (directly or indirectly), enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership (whether any such transaction is described above or is to be settled by delivery of Securities or other securities, in cash, or otherwise), any Securities or other shares of stock of the Company then owned by such Holder or any transferee thereof, or enter into an agreement to do any hedging or similar transaction with the same economic effect as a sale, any Common Stock (or other securities) of the Company held by such holder (other than those included in the registration or acquired following the Company’s initial public offering) foregoing, for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not up to exceed one hundred eighty (180) 180 days following the effective date of a the registration statement of the initial public offering of the Company (the “IPO”) filed under the Securities Act. For purposes of this paragraph, “Company” includes any wholly owned subsidiary of the Company into which the Company merges or consolidates. The Company may place restrictive legends on the certificates representing the shares subject to this paragraph and may impose stop transfer instructions with respect to the Securities and such other shares of stock of each Holder and any transferee thereof (and the shares or securities of every other person subject to the foregoing restriction) until the end of such period. Each Holder and any transferee thereof shall enter into any agreement reasonably required by the underwriters to the IPO to implement the foregoing within any reasonable timeframe so requested; provided that (i) provided, however, the Holder and any transferee shall be required to enter into such agreement shall apply only to the Company’s IPO; and (ii) if all officers and directors of are subject to the same restrictions, and the Company and holders of at least uses commercially reasonable efforts to obtain a similar agreement from all stockholders individually owning more than one percent (1%) of the Company’s voting securities enter into similar agreements. The holder agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter that are consistent with the holder’s obligations under Section 11 or that are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of outstanding Common Stock (or other securities) of the Company, the holder shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to on a registration statement filed under the Act. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of said one hundred eighty (180) day period. The holder agrees that any transferee of this Warrant shall be bound by Section 11fully diluted basis. The underwriters of the Company’s stock for any IPO are intended third party beneficiaries of Section 11 this paragraph and shall have the right, power and authority to enforce the provisions hereof of this paragraph as though they were a party parties hereto.
Appears in 2 contracts
Samples: Warrant Agreement (Urgent.ly Inc.), Warrant Agreement (Urgent.ly Inc.)
Market Standoff. The holder hereof Each Holder hereby agrees that that, if so requested by the Company and the Underwriter’s Representative (if any), such holder Holder shall not sell, transfer, make any short sale of, loan, grant any option for the purchase of, or enter into otherwise transfer or dispose of any hedging or similar transaction with the same economic effect as a sale, any Common Stock (Registrable Securities or other securities) securities of the Company held by such holder (other than those included in “Market Standoff”) without the registration or acquired following the Company’s initial public offering) for a period specified by the representative of the underwriters of Common Stock (or other securities) prior written consent of the Company and the Underwriter’s Representative for such period of time (a) not to exceed one hundred eighty (180) 180 days following the effective date of a registration statement Registration Statement of the Company filed under the ActSecurities Act in the case of the Initial Public Offering or (b) commencing with the date the Company provides notice to the Holders of a proposed follow-on offering pursuant to Section 4.1 (including Registrations initiated pursuant to Section 3) and ending 90 days after the effective date of the Registration Statement or, in the event of a shelf registration, the date of the prospectus for such follow-on offering, as may be requested by the Underwriter’s Representative; provided provided, however, that (i) such agreement a Holder shall apply not be required to agree to a Market Standoff for a period of time that commences less than 30 days after the expiration of another period of time during which the Holder has agreed to a Market Standoff. The obligations of the Holders under this Section 12 shall be conditioned upon similar agreements being in effect with each other stockholder who is an officer, or director or, with respect only to the Company’s IPO; and (ii) all officers and directors Initial Public Offering, greater than 1% stockholder of the Company and holders of at least one percent (1%) of the Company’s voting securities enter into similar agreements. The holder agrees prior to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter that are consistent with the holder’s obligations under Section 11 or that are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company, the holder shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Act. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of said one hundred eighty (180) day period. The holder agrees that any transferee of this Warrant shall be bound by Section 11. The underwriters of the Company’s stock are intended third party beneficiaries of Section 11 and shall have the right, power and authority to enforce the provisions hereof as though they were a party heretoInitial Public Offering.
Appears in 2 contracts
Samples: Investor Rights Agreement (Jazz Pharmaceuticals Inc), Investor Rights Agreement (Jazz Pharmaceuticals Inc)
Market Standoff. The holder hereof Holder hereby agrees that such holder the Holder shall not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a salesale of, any shares of Common Stock (or other securities) of the Company held by such holder the Holder (other than those included in the registration or acquired following registration) during the Company’s initial public offering) for a 180-day period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred eighty (180) days following the effective date of a registration statement the initial public offering of the Company filed under (or such longer period, not to exceed 34 days after the Act; provided that (i) such agreement shall apply only to the Company’s IPO; and (ii) all officers and directors expiration of the 180-day period, as the underwriters or the Company and holders of at least one percent (1%) of the Company’s voting securities enter into shall request in order to facilitate compliance with FINRA Rule 2241 or NYSE Member Rule 472 or any successor or similar agreementsrule or regulation). The holder Holder agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter managing underwriters that are consistent with the holder’s obligations under Section 11 foregoing or that are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of the Company’s Common Stock (or other securities) securities of the Company), the holder Holder shall provide, within ten (10) 10 days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Act. The obligations described in this paragraph shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a transaction on Form S-4 or similar forms that may be promulgated in the future. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to the shares of such Common Stock (or other securitiessecurities of the Company) subject to the foregoing restriction until the end of said one hundred eighty (180) day such period. The holder Holder agrees that any transferee of this Warrant any of the Securities (or other securities of the Company) held by the Holder shall be bound by Section 11this paragraph. The underwriters of the Company’s stock are intended third third-party beneficiaries of Section 11 this paragraph and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto.
Appears in 1 contract
Market Standoff. The holder hereof agrees that such holder (a) Each Holder shall not sell, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any Common Stock (or other securities) of the Company held by such holder (other than those included in the registration or acquired following the Company’s initial public offering) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Act; provided that (i) such agreement shall apply only to the Company’s IPO; and (ii) all officers and directors of the Company and holders of at least one percent (1%) of the Company’s voting securities enter into similar agreements. The holder agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter that are consistent with the holder’s obligations under Section 11 or that are necessary to give further effect thereto. In additionagree, if requested by the Company or the representative of the underwriters and an underwriter of Common Stock (or other securities) of the Company, not to sell publicly any Common Stock (or other securities) of the holder shall provideCompany owned or held by such party, within ten (10) days other than securities included in the underwriting, without the consent of such requestunderwriter, such information as may be required by during the Company or such representative in connection with one hundred eighty (180) day period following the completion effective date of any the Company's registration statement for the initial public offering of the Company’s securities pursuant to a registration statement Company filed under the Securities Act. The , provided that:
(i) all other Holders, officers and directors of the Company and all stockholders holding in excess of 5% of the outstanding Common Stock (on an as converted basis) of the Company enter into similar agreements;
(ii) such agreement shall be in writing in a form satisfactory to the Company and such underwriter; and
(iii) the Company may impose stop-stop transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of said one hundred eighty (180) day period. The holder agrees that .
(b) If any transferee securities of this Warrant the Company held by a party who shall be bound by an agreement described in Section 11. The underwriters 9(a) above shall be released (the "Released Holder"), a number of securities held by each Holder shall be released equal to the product of the Company’s stock are intended third party beneficiaries number of securities held by such Holder multiplied by a fraction, the numerator of which shall be equal to the number of securities held by the Released Holder that were released and the denominator of which shall be the total number of securities held by the Released Holder. Notwithstanding the foregoing, this Section 11 and 9 shall have not be deemed to restrict any Holder from selling any Common Stock or any security convertible into or exchangeable or exercisable for Common Stock in any private transaction exempt from the right, power and authority to enforce registration requirements of the provisions hereof as though they were a party heretoSecurities Act.
Appears in 1 contract
Samples: Preferred Stock and Warrant Purchase Agreement (Numatics Inc)
Market Standoff. The holder hereof Holder and transferee of the Shares issuable hereunder hereby agrees that that, in connection with the initial public offering of any securities of the Company under the Securities Act for the account of the Company, if so requested by the Company or any representative of the underwriters (the “Managing Underwriter”), such holder Holder or transferee shall not lend, offer, pledge, sell, transfercontract to sell, make sell any short sale of, option or contract to purchase or grant any option for the or warrant to purchase of, or enter into otherwise transfer any hedging or similar transaction with the same economic effect as a sale, any Common Stock (or other securities) securities of the Company held by such holder (other than those included in during the registration or acquired following the Company’s initial public offering) for a period specified by the representative Company’s Board of Directors at the request of the underwriters of Common Stock Managing Underwriter (or other securities) of the Company “Market Standoff Period”), with such period not to exceed one hundred eighty (180) 180 days following the effective date of a the registration statement of the Company filed under the ActSecurities Act for the initial public offering of its securities; provided that (i) such agreement shall apply only to the Company’s IPO; and (ii) all officers and directors of the Company and holders of at least one percent (1%) of the Company’s voting securities enter are bound by and have entered into similar agreements. The holder Holder further agrees that this Warrant and the Shares are subject to the terms and conditions of the Lock-Up Agreement entered into between the Holder and Gxxxxxx, Sxxxx & Co. and Lxxxxx Brothers Inc. (the “Underwriter Lockup”) and agrees to execute and deliver such other agreements as may be enter into any additional agreement reasonably requested by the Company or the underwriter that are consistent with the holder’s obligations under Section 11 or that are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company, the holder shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative Managing Underwriters to effect the foregoing in connection with the completion of any public offering of IPO. In order to enforce the Company’s securities pursuant to a registration statement filed under foregoing covenant, the Act. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) securities subject to the foregoing restriction restrictions until the end of said one hundred eighty (180) day period. The holder agrees that any transferee of this Warrant shall be bound by Section 11. The underwriters of such Market Standoff Period or such specified in the Company’s stock are intended third party beneficiaries of Section 11 and shall have the right, power and authority to enforce the provisions hereof as though they were a party heretoUnderwriter Lockup.
Appears in 1 contract
Samples: Warrant Agreement (Glu Mobile Inc)
Market Standoff. The holder hereof Registered Holder hereby agrees that such holder that, if so requested by the Company and the Underwriter’s Representative (as defined below), if any, the Registered Holder shall not sell, transfer, make any short sale of, loan, grant any option for the purchase of, or enter into any hedging otherwise transfer or similar transaction with the same economic effect as a sale, any Common Stock (dispose of this Warrant or other securities) securities of the Company held by such holder (other than those included in “Market Standoff”) without the registration or acquired following the Company’s initial public offering) for a period specified by the representative of the underwriters of Common Stock (or other securities) prior written consent of the Company and the Underwriter’s Representative for such period of time (a) not to exceed one hundred eighty (180) days following the effective date of a registration statement Registration Statement of the Company filed under the ActSecurities Act in the case of the Company’s initial public offering or (b) commencing with the date the Company provides notice to the Registered Holder of a proposed follow-on offering and ending 90 days after the effective date of the Registration Statement or, in the event of a shelf registration, the date of the prospectus for such follow-on offering, as may be requested by the Underwriter’s Representative; provided provided, however, that the Registered Holder shall not be required to agree to a Market Standoff for a period of time that commences less than thirty (i30) such agreement days after the expiration of another period of time during which the Registered Holder has agreed to a Market Standoff. The obligations of the Registered Holder under this Section 5 shall apply be conditioned upon similar agreements being in effect with each other stockholder of the Company who is an officer, or director or, with respect only to the Company’s IPO; and (ii) all officers and directors initial public offering, greater than 1% stockholder of the Company and holders prior to such initial public offering. For purposes of at least one percent (1%) of this Warrant, the Company“Underwriter’s voting securities enter into similar agreements. The holder agrees to execute and deliver such other agreements as may be reasonably requested by Representative” is the Company or representative the underwriter that are consistent with or underwriters selected for the holder’s obligations under Section 11 or that are necessary to give further effect thereto. In addition, if requested by the Company or the representative underwriting of the underwriters of Common Stock (or other securities) of the Company, the holder shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any a public offering of the Company’s securities pursuant to a registration statement filed under the Act. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of said one hundred eighty (180) day period. The holder agrees that any transferee of this Warrant shall be bound by Section 11. The underwriters of the Company’s stock are intended third party beneficiaries of Section 11 and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto.
Appears in 1 contract
Samples: Senior Secured Note and Warrant Purchase Agreement (Jazz Pharmaceuticals Inc)
Market Standoff. The holder hereof Purchaser hereby agrees that such holder Purchaser shall not not, to the extent requested by the Corporation or the underwriters managing any underwritten public offering of common stock (or other securities) of the Corporation, offer, sell, transfercontract to sell, make any short sale of, loan or grant any option for the to purchase of, or enter into otherwise dispose of any hedging or similar transaction with the same economic effect as a sale, any Common Stock (or other securities) of the Company held by such holder (other than those included in the registration or acquired following the Company’s initial public offering) for Stock during a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred eighty (180) days following the effective date of a registration statement statement, or such longer period as may be agreed to by the holders of a majority of the Company outstanding Registrable Securities (as such term is defined in the Rights Agreement between the Purchaser and the holders of Series A Preferred Stock dated February 7, 1997) of the Corporation filed under the Securities Act; provided provided, however, that (i) such agreement shall apply be applicable only to the Company’s IPO; and first two (ii2) all officers and directors such registration statements of the Company and holders of at least one percent (1%) of the Company’s voting securities enter into similar agreements. The holder agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter that are consistent with the holder’s obligations under Section 11 or that are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock Corporation which cover shares (or other securities) to be sold on behalf of the CompanyCorporation to the public in an underwritten public offering. In order to enforce the foregoing covenant, the holder shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Act. The Company Corporation may impose stop-transfer instructions with respect to the Stock of Purchaser (and the shares or securities of Common Stock (or every other securities) person subject to the foregoing restriction restriction) until the end of said one hundred eighty (180) day such period.
5. The holder agrees that Except as amended herewith, all other paragraphs of the Agreement shall continue in full force and effect. In the event of any transferee conflict between the provisions of the Agreement and this Amendment, the provisions of this Warrant shall be bound Amendment will govern.
6. This Amendment, the Agreement and the documents referred to herein constitute the entire agreement among the parties as to the matters addressed herein and therein, including but not limited to the employment severance benefits granted by Section 11. The underwriters of the Company’s stock are intended third party beneficiaries of Section 11 and shall have Corporation to the right, power and authority to enforce the provisions hereof as though they were a party heretoPurchaser.
Appears in 1 contract
Samples: Restricted Stock Purchase Agreement (Skystream Networks Inc)
Market Standoff. The holder hereof Each Holder hereby agrees that such holder Holder shall not sell, sell or otherwise transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a salesale with respect to, any Common Stock (or other securities) of the Company JVCO Equity Securities held by such holder Holder (other than those any JVCO Equity Securities included in the registration or acquired following registration) during the Company’s initial public offering) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred eighty (180) days day period following the effective date of a registration statement of the Company filed under the Act; Securities Act (or such other period as may be requested by the Company or an underwriter to accommodate regulatory restrictions on (a) the publication or other distribution of research reports and (b) analyst recommendations and opinions, including, without limitation, the restrictions contained in FINRA Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto), provided that (i) such agreement shall apply only to the Company’s IPO; and (ii) all officers and directors of the Company and holders of at least one percent (1%) of the Company’s voting securities enter into similar agreementsare similarly bound. The holder agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter that are consistent with the holder’s obligations under described in this Section 11 or that are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company, the holder 4.09 shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant not apply to a registration statement filed under relating solely to employee benefit plans on Form S-l or Form S-8 or similar forms that may be promulgated in the Actfuture, or a registration relating solely to a transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions and may stamp each such certificate with the second legend set forth in Section 4.08 hereof with respect to the shares of Common Stock (or other securities) securities subject to the foregoing restriction until the end of said such one hundred eighty (180) day period. The holder Each Holder agrees that any transferee to execute a market standoff agreement with said underwriters in customary form consistent with the provisions of this Warrant shall be bound by Section 114.09. The underwriters If there is any release from such agreement of the Companyany Holder’s stock are intended third party beneficiaries Shares subject to such restrictions, then each other Holder may sell, transfer or otherwise dispose of Section 11 and shall have the right, power and authority an equal percentage of such Holder’s Shares originally subject to enforce the provisions hereof as though they were a party heretosuch restrictions.
Appears in 1 contract