Common use of Stockholder Lock-Ups Clause in Contracts

Stockholder Lock-Ups. The Company has caused to be delivered to the Underwriter prior to the date of this Agreement a letter, in the form of Exhibit B hereto (the “Lock-Up Agreement”), from each individual or entity listed on Schedule III. The Company will enforce the terms of each Lock-Up Agreement and issue stop-transfer instructions to its transfer agent and registrar 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. If the Underwriter, in its sole discretion, agrees to release or waive the restrictions of any Lock-Up Agreement between an officer or director of the Company and the Underwriter provides the Company with notice of the impending release or waiver at least three business days before the effective date of such release or waiver, the Company agrees to announce the impending release or waiver by means of a press release substantially in the form of Exhibit E hereto, issued through a major news service, at least two business days before the effective date of the release or waiver.

Appears in 1 contract

Samples: Purchase Agreement (Venaxis, Inc.)

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Stockholder Lock-Ups. The Company has caused to be delivered to the Underwriter you prior to the date of this Agreement a letter, in the form of Exhibit B A hereto (the “Lock-Up Agreement”), from each individual or entity listed on Schedule IIIIV. The Company will enforce the terms of each Lock-Up Agreement and issue stop-transfer instructions to its the transfer agent and registrar 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. If the Underwriter, in its sole discretion, agrees to release or waive the restrictions of any Lock-Up Agreement between an officer or director of the Company and the Underwriter and provides the Company with notice of the impending release or waiver at least three business days before the effective date of such release or waiver, the Company agrees to announce the impending release or waiver by means of a press release substantially in the form of Exhibit E heretorelease, issued through a major news service, at least two business days before the effective date of the release or waiver.

Appears in 1 contract

Samples: Purchase Agreement (Uni-Pixel)

Stockholder Lock-Ups. The Company has caused to be delivered to the Underwriter you prior to the date of this Agreement a letter, in the form of Exhibit B A hereto (the “Lock-Up Agreement”), from each individual or entity listed on Schedule III. I. The Company will enforce the terms of each Lock-Up Agreement and issue stop-transfer instructions to its transfer agent and registrar 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. If the Underwriter, Underwriter in its sole discretion, agrees to release or waive the restrictions of any Lock-Up Agreement between an officer or director of the Company and the Underwriter and provides the Company with notice of the impending release or waiver at least three business days before the effective date of such release or waiver, the Company agrees to announce the impending release or waiver by means of a press release substantially in the form of Exhibit E B hereto, issued through a major news service, at least two business days before the effective date of the release or waiver.

Appears in 1 contract

Samples: Purchase Agreement (Liqtech International Inc)

Stockholder Lock-Ups. The Company has caused to be delivered to the Underwriter you prior to the date of this Agreement a letter, in the form of Exhibit B hereto (the “Lock-Up Agreement”), from each individual or entity listed on Schedule IIIII. The Company will enforce the terms of each Lock-Up Agreement and issue stop-transfer instructions to its the transfer agent and registrar 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. If the Underwriter, in its sole discretion, agrees to release or waive the restrictions of any Lock-Up Agreement between an officer or director of the Company and the Underwriter and provides the Company with notice of the impending release or waiver at least three business days before the effective date of such release or waiver, the Company agrees to announce the impending release or waiver by means of a press release release, substantially in the form of Exhibit E C hereto, issued through a major news service, at least two business days before the effective date of the release or waiver.

Appears in 1 contract

Samples: Purchase Agreement (Research Frontiers Inc)

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Stockholder Lock-Ups. The Company has caused to be delivered to the Underwriter prior to the date of this Agreement a letter, in the form of Exhibit B A hereto (the “Lock-Up Agreement”), from each individual or entity listed on Schedule III. The Company will enforce the terms of each Lock-Up Agreement and issue stop-transfer instructions to its transfer agent and registrar 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. If the Underwriter, in its sole discretion, agrees to release or waive the restrictions of any Lock-Up Agreement between an officer or director of the Company and the Underwriter provides the Company with notice of the impending release or waiver at least three business days before the effective date of such release or waiver, the Company agrees to announce the impending release or waiver by means of a press release substantially in the form of Exhibit E D hereto, issued through a major news service, at least two business days before the effective date of the release or waiver.

Appears in 1 contract

Samples: Purchase Agreement (Venaxis, Inc.)

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