Exhibit 10.2
LOCK-UP AGREEMENT
ADVANCED COMMUNICATIONS TECHNOLOGIES, INC
The undersigned hereby agrees that:
For a period commencing on the date hereof and expiring one (1) year
after the date hereof, he, she or it will not, directly or indirectly, without
the prior written consent of Advanced Communications Technologies, Inc. (the
"Company") issue, offer, agree or offer to sell, grant an option for the
purchase or sale of, transfer, pledge, assign, hypothecate, distribute or
otherwise encumber of dispose of the securities of the Company set forth below
issued to the undersigned on or about the date hereof, or any beneficial
interest therein (collectively, the "Securities"), whether or not such
Securities are eligible for sale under applicable federal and state securities
laws, except pursuant to the volume limitations described in Rule 144 of the
General Rules and Regulations under the Securities Act of 1933. The foregoing
agreement shall not apply to any sale or transfer, or agreement to sell or
transfer, in connection with any merger, consolidation, sale of control or
similar transaction approved by the Company's Board of Directors. In addition,
this Lock-Up Agreement shall terminate at such time as Cornell Capital Partners
no longer holds debt of the Company or shares of the Company's preferred stock,
if earlier.
Securities to which this Lock-Up Agreement applies: ___________ shares of
Common Stock.
Dated: June __, 2005
Signature:
--------------------------------------
Print Name:___________________________
Address:______________________________
--------------------------------------
