Exhibit 10.5
LOCK UP AGREEMENT
The undersigned hereby agrees, pursuant to Section 1(b)(5) of the Stock
Purchase Agreement (the "Stock Purchase Agreement"), dated the date hereof, by
and among Xxxxxx Xxxxxxxxxx and Xxxxx Xxxxxxxx (collectively, the "Buyer"), and
Xxxxx X. Xxxxxxx and Xxx Xxxxx (collectively, the "Seller"), that for a period
commencing on the date hereof and expiring one (1) year from the date hereof
(the "Lock-up Period"), he, she, or it will not, directly or indirectly, without
the prior written consent of Buyer, issue, offer, agree or offer to sell, sell,
grant an option for the purchase or sale of, transfer, pledge, assign,
hypothecate, distribute, or otherwise encumber or dispose of the Lock Up Shares
(as defined in the Stock Purchase Agreement).
In order to enable the aforesaid covenants to be enforced, the undersigned
hereby consents to the placing of legends and/or stop-transfer orders with the
transfer agent of the Lock-Up Shares with respect to any of the Lock-Up Shares
registered in the name of the undersigned or beneficially owned by the
undersigned, and the undersigned hereby confirms the undersigned's investment in
the Company.
Dated: May ___, 2005
/s/ Xxx Xxxxx
Name: Xxx Xxxxx
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LOCK UP AGREEMENT
The undersigned hereby agrees, pursuant to Section 1(b)(5) of the Stock
Purchase Agreement (the "Stock Purchase Agreement"), dated the date hereof, by
and among Xxxxxx Xxxxxxxxxx and Xxxxx Xxxxxxxx (collectively, the "Buyer"), and
Xxxxx X. Xxxxxxx and Xxx Xxxxx (collectively, the "Seller"), that for a period
commencing on the date hereof and expiring one (1) year from the date hereof
(the "Lock-up Period"), he, she, or it will not, directly or indirectly, without
the prior written consent of Buyer, issue, offer, agree or offer to sell, sell,
grant an option for the purchase or sale of, transfer, pledge, assign,
hypothecate, distribute, or otherwise encumber or dispose of the Lock Up Shares
(as defined in the Stock Purchase Agreement).
In order to enable the aforesaid covenants to be enforced, the undersigned
hereby consents to the placing of legends and/or stop-transfer orders with the
transfer agent of the Lock-Up Shares with respect to any of the Lock-Up Shares
registered in the name of the undersigned or beneficially owned by the
undersigned, and the undersigned hereby confirms the undersigned's investment in
the Company.
Dated: May ___, 2005
/s/ Xxxxx X. Xxxxxxx
Name: Xxxxx X. Xxxxxxx
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LOCK UP AGREEMENT
The undersigned hereby agrees, that for a period commencing on the date hereof
and expiring one (1) year from the date hereof (the "Lock-up Period"), it will
not, directly or indirectly, without the prior written consent of Akid
Corporation, issue, offer, agree or offer to sell, sell, grant an option for the
purchase or sale of, transfer, pledge, assign, hypothecate, distribute, or
otherwise encumber or dispose of 225,000 of the shares of the common stock of
Akid Corporation held by the undersigned (the "Lock Up Shares").
In order to enable the aforesaid covenants to be enforced, the undersigned
hereby consents to the placing of legends and/or stop-transfer orders with the
transfer agent of the Lock-Up Shares with respect to any of the Lock-Up Shares
registered in the name of the undersigned or beneficially owned by the
undersigned, and the undersigned hereby confirms the undersigned's investment in
the Company.
Dated: May ___, 2005
CORPORATE MANAGEMENT SERVICES, INC.
By: /s/ Xxxx Xxxxxxx
-------------------------
Name: Xxxx Xxxxxxx
Title:Chief Executive Officer
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