Agreement Not to Sell Shares
This agreement is between Information Network Radio, Inc. (the Company)
and its founding shareowners (the Cofounders).
The Cofounders agree not to sell any of their shares of the common
stock of the Company for a year after completion of the proposed public offering
by the Company of its shares to be commenced in 1999 (the Offering). During the
second year after completion of the Offering, the Cofounders agree not to sell
more than an aggregate of 2.5% of their shares during each quarter of that year,
except by registration as described in this Agreement.
At any time, following a year after completion of the Offering, the
Company determines to register for sale any of its common stock under the
federal Securities Act of 1933, as amended, it shall use its best efforts to
include in that registration all of their shares that the Cofounders shall have
requested to be registered. The Company will do all the actions with respect to
the registration of the Cofounders' shares as it does with respect to its other
shares being registered and will pay all costs of that action.
If any registration involves an underwriting, then the Cofounders will
have the right to have their shares included in the underwriting, before
inclusion of any other shares not being issued for the purpose by the Company.
These rights are not transferable by the cofounders, except to members
of their immediate families or by will or intestacy.
Cofounders: IN Radio
_______________________________ By: _______________________
N. Xxxx Xxxxxxx
_______________________________
Xxxxxxx X. Xxxxxxx
_______________________________
C. Xxxxxx Xxxxxxx
_______________________________
Xxxxxx X. Xxxxx
_______________________________
Xxxxxxx X. Xxxxx
EXHIBIT 99.2
