EXHIBIT 10.6
LOCK-UP AGREEMENT
THIS AGREEMENT is entered into on the 10TH day of August, 2001 between
EarthNetMedia, Inc., a Nevada Corporation, ("EarthNetMedia" or the "Company")
and Xx. Xxxx Xxxxx and Mr. Felizian Xxxx, residents of the City of Santa Monica,
California (Xx. Xxxxx and Xx. Xxxx hereinafter referred to as the
"Shareholders").
WITNESSETH:
WHEREAS, EarthnetMedia has filed Form SB-2 by which the Company will offer to
sell 100,000 Units to the public, and
WHEREAS, a Units consists of one share of Common Stock and forty Common Stock
Purchase Warrants, and,
WHEREAS, the Shareholders hold five million two hundred fifty two thousand
(5,252,000) capital common shares of the Company, and
WHEREAS, the Shareholders desire to transfer approximately 250,000 shares to
certain individuals ("Transfer to Individuals"),
NOW THEREFORE, for good and valuable consideration the receipt and sufficiency
of which are acknowledged, the parties agree as follows:
1. EarthNetMedia will not Transfer to Individuals until four (4) months after
the effective date of the Underwriting.
2. The Shareholders will not transfer or offer for sale any shares of the
Company which the Shareholders own for a period of twenty four (24) months
following the effective date of the Underwriting. Such lock-up period preempts
any statutory authority permitting the Shareholders to transfer or sell any
shares.
3. This Agreement shall be governed by and under the laws of the State of
California.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first written above.
/s/ XXXX XXXXX
______________________________________
By: Xxxx Xxxxx, President and Director
/s/ FELIZIAN XXXX
______________________________________
By: Felizian Xxxx, Treasurer and Chairman of Board of Directors
/s/ XXXX MA
______________________________________
By: Xxxx Ma, Secretary and Director
/s/ XXXX XXXXX
______________________________________
Xx. Xxxx Xxxxx, Shareholder
/s/ FELIZIAN XXXX
______________________________________
Mr. Felizian Xxxx, Shareholder