EXHIBIT 4.8
FORM OF LOCKUP AGREEMENT
------------------------
_____________, 1997
Xxxxxxx Investment Company, Inc.
000 X.X. Xxxxx Xxxxxx, Xxxxx 000
Xxxxxxxx, XX 00000
Re: Caring Products International, Inc.
Proposed Public Offering of Securities
Gentlemen:
In consideration of your agreeing to act as managing underwriter for the
public offering (the "Offering") of Units, consisting of Common Stock and
Warrants (or such other securities as may be reflected in the underwriting
agreement executed in connection with the Offering) of Caring Products
International, Inc. (the "Company"), pursuant to an effective registration
statement (the "Registration Statement") on Form SB-2 under the Securities
Act of 1933, as amended (the "Securities Act"), the undersigned agrees that,
if the Offering is closed:
1. Prior to one year from the effective date of the Registration
Statement (the "Effective Date"), the undersigned will not offer to sell,
sell, contract to sell, sell short or otherwise dispose of any shares of
Common Stock or other capital stock of the Company, or any other securities
convertible, exchangeable or exercisable for Common Stock or derivatives of
Common Stock owned by the undersigned, or request the registration for the
offer or sale of any of the foregoing (or as to which the undersigned has or
acquires the power to direct the disposition of) otherwise than:
(a) as a gift or gifts, provided the donee or donees thereof agree
with you in writing to be bound by the restrictions contained in this letter
agreement; or
(b) with your prior written consent.
2. Prior to five years from the Effective Date, the undersigned will
give you prior written notice of any sales made by the undersigned pursuant
to Rule 144 under the Securities Act, or similar provisions of law or
regulations enacted after the Effective Date.
This agreement shall be binding upon any pledgee or other transferee of
the undersigned with respect to the subject securities and shall also be
binding upon the heirs, legal representatives and assigns of the undersigned.
Any attempted sale, transfer or other disposition in violation of this
agreement shall be void.
Sincerely,
_______________________________________
[Name of Officer/Director]
