April __ , 2007
April
__
, 2007
VIA
U.S. MAIL
Xxxxx
Xxxxxxx
Freedom
Financial Holdings, Inc.
0000
Xxxxxxxxxxx Xxx, Xxxxx X
Fort
Xxxxx, IN 46825
|
Re:
|
Amended
Lock-Up Agreement
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Dear
Xx.
Xxxxxxx:
I
am a
shareholder of Freedom Financial
Holdings, Inc., a Maryland corporation (the “Company”). I am the holder of
____________________________ (______) shares of common stock of the Company
(the
“Shares”). In the third quarter of 2006 I agreed to the imposition of
restrictions on the sale of the Shares for a period of three hundred sixty
(360)
days after the closing date of the registration statement on Form SB-2 relating
to the public offering of common stock of the Company. I agreed to sell my
shares at a price not less than 120% of the initial public offering price.
I
understand that the Company is preparing to file an amendment to Form SB-2
and
that in connection with the filing and the rules and regulations promulgated
by
the Securities and Exchange Commission the shares to be sold by selling security
holders must be sold at a specific price, or within a particular price range
until the shares are traded on the Over The Counter Bulletin Board (“OTCBB”). I
hereby agree that I will not, directly or indirectly, offer, sell, grant any
options to purchase, or otherwise dispose of any Shares for a price other than
between $2.40 - $3.00 per share until the Company’s shares are traded on the
OTCBB, except that I may transfer any number of such shares to my children,
by
gift or otherwise, provided that any such shares will continue to be subject
to
the restrictions set forth in this letter.
I
hereby
consent to the Company informing the transfer agent of the Company of these
restrictions and understand that a stop transfer order will be placed at the
transfer agent to enforce the terms and conditions of this letter.
This
agreement shall be binding on the undersigned and its respective successors,
heirs, personal representatives, and assigns.
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Very
truly yours,
|
|
|
By:
___________________________
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