Exhibit 4.4
LOCK.UP AGREEMENT
-----------------
BY AND BETWEEN
VEQUITY CORPORATION AND CERTAIN OF ITS SHAREHOLDERS
This Lock-up Agreement (the "Agreement") is made and entered into by and
between Vequity Corporation ("Vequity") and the individual shareholders whose
names are subscribed hereto effective with respect to each named individual as
of the date affixed by the signature of the individual.
We, the undersigned shareholders of Vequity, hereby agree that we will not
sell or transfer any shares of the Common stock of Vequity owned or controlled
by us, except as authorized herein, sooner than the later of six months after
the date on which Vequity shall register with a national market to allow trading
in its shares or six months after the date on which Vequity elects in its sole
discretion to remove the legend that restricts trading of the shares that may be
sold in its public offering made pursuant to a Registration Statement filed with
the Securities and Exchange Commission.
Subject to the provisions of this paragraph, the undersigned shareholders
may, at any time, transfer his/her shares to immediate family members by
transfer or inheritance without breaching the terms of this Agreement. Immediate
family members shall mean the spouse or children of a shareholder. In addition
and further subject to the provisions of this paragraph, a shareholder may, at
any time, transfer its interest to an LLC, partnership, corporation, trust or
other entity controlled by such shareholder or such shareholder's immediate
family members without breaching the terms of this Agreement. In the event of
any transfer allowed by this paragraph the Transferee shall agree to and be
bound by the terms of this Agreement before such transfer shall be effective.
Vequity may refuse to recognize any attempted sale or transfer made in
contravention of this Agreement and may instruct its transfer agent not to
effect such a transfer. The parties specifically recognize that a breach of this
Agreement could cause irreparable harm to Vequity. Vequity shall be entitled to
any and all rights and remedies available at law or in equity, including without
limitation specific performance and equitable relief by way of injunction, as a
remedy for any breach of this obligation of confidentiality.
The parties specifically agree that this Agreement is intended to provide
each party with specific benefits and long term advantages and that each party
has received adequate consideration for the obligations imposed hereby.
This Agreement is made and entered into with respect to each party hereto
as of the date that such party signs the Agreement as set forth below.
LOCK.UP AGREEMENT SIGNATURES
Vequity Corporation
By: //Xxxxxx X. Xxxxx Date: ___________________
-----------------
Its: President
2
// Xxxxxx X. Xxxxx Date: ____________________
------------------
Xxxxxx X. Xxxxx
//Xxxxxxxx X. Xxxxx Date: ____________________
-------------------
Xxxxxxxx X. Xxxxx
//Xxxxxx X. Xxxxx Date: ____________________
-----------------
Xxxxxx X. Xxxxx for
Xxxxxx & Xxxxxxxx Xxxxx Children
//Xxx X. Xxxx Date: ___________________
-------------
Xxx X. Xxxx
//Xxxxxxx X. Call Date: ___________________
-----------------
Xxxxxxx X. Call
//Xxxx X. Xxxxx Date: ___________________
---------------
Xxxx X. Xxxxx
//Xxxxxxx X. Xxxxx Date: ___________________
------------------
Xxxxxxx X. Xxxxx
//Xxxxxxxxx X. Xxxxxx Date: ___________________
---------------------
Xxxxxxxxx X. Xxxxxx
//Xxxxxx X. Xxxxxxxxxx Date: ___________________
----------------------
Xxxxxx X. Xxxxxxxxxx
//Xxxx X. Xxxxxx Date: ___________________
----------------
Xxxx X. Xxxxxx
//J. Xxxxx Xxxxxxxx Date: ___________________
-------------------
J. Xxxxx Xxxxxxxx
3
