EXHIBIT 2
LOCK-UP LETTER
▇▇▇▇▇▇▇▇▇ & Company, Inc.
▇▇▇▇▇▇▇ ▇▇▇▇ & Company L.L.C.
c/▇ ▇▇▇▇▇▇▇▇▇ & Company, Inc.
▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇
▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇
Ladies and Gentlemen:
As an inducement to the Underwriters (as defined below) to execute the
Underwriting Agreement (the "Underwriting Agreement") in connection with a
proposed public offering (the "Public Offering") by TransCoastal Marine
Services, Inc., a Delaware corporation (the "Company"), of shares of its common
stock, $.001 par value per share ("Common Stock"), the undersigned agrees that
for a period of one year (the "Lock-Up Period") after the date of the final
prospectus used to confirm sales made pursuant to the Public Offering, the
undersigned will not, without the prior written consent of ▇▇▇▇▇▇▇▇▇ & Company,
Inc., as a representative of the Underwriters to be named in the Underwriting
Agreement (the "Underwriters"), directly or indirectly, offer to sell, assign,
pledge, issue, distribute, sell, contract to sell, grant any option or enter
into any contract for the sale of, or otherwise voluntarily transfer or dispose
of, or announce any offer, sale, grant of any option to purchase or other
transfer or disposition of, any shares of Common Stock, or any other securities
of the Company or any security or other instrument which by its terms is
convertible into or exercisable or exchangeable for shares of Common Stock or
other securities of the Company, whether now owned or hereafter acquired by the
undersigned or with respect to which the undersigned has or hereafter acquires
the power of disposition, including, without limitation, any shares of Common
Stock issuable under any employee stock options or warrants. In addition, the
undersigned hereby irrevocably waives (i) any registration rights to which the
undersigned would be entitled in connection with the Public Offering and
(ii) any demand registration rights to which the undersigned would be entitled
to exercise during the Lock-Up Period.
In furtherance of the foregoing, the Company and its transfer agent and
registrar are hereby authorized to decline to make any transfer of any security
if such transfer would constitute a violation of breach of this agreement.
The provisions of this agreement shall be binding upon the undersigned and
the assigns, heirs, and personal representatives of the undersigned and shall
be for the benefit of the Company and the Underwriters.
Dated: October 29, 1997
Very truly yours,
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇.
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Print Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇.
(i)
