OFFICER, DIRECTOR AND SECURITYHOLDER LOCK-UP AGREEMENTLock-Up Agreement • August 9th, 2006 • Lavin Philip T • Services-commercial physical & biological research • Delaware
Contract Type FiledAugust 9th, 2006 Company Industry JurisdictionThe undersigned (the “Securityholder”) understands that IT&E International Group, Inc. (the “Company”) has entered into that certain Agreement and Plan of Merger of even date hereof (the “Merger Agreement”) by and among the Company IT&E Merger Sub, Inc., IT&E Acquisition Co., Inc., Averion Inc. (“Averion”), Securityholder and the other signatories thereto in part based on the undersigned’s entry into this Letter Agreement (the “Letter Agreement”). Pursuant to the Merger Agreement, the Company paid the undersigned certain consideration, including shares of Series E Convertible Preferred Stock, Subordinated Promissory Notes and shares of the Company’s common stock, par value $0.001 per share (“Common Stock”).
OFFICER, DIRECTOR AND SECURITYHOLDER LOCK-UP AGREEMENTLock-Up Agreement • August 4th, 2006 • It&e International Group • Services-commercial physical & biological research • Delaware
Contract Type FiledAugust 4th, 2006 Company Industry JurisdictionThe undersigned (the “Securityholder”) understands that IT&E International Group, Inc. (the “Company”) has entered into that certain Agreement and Plan of Merger of even date hereof (the “Merger Agreement”) by and among the Company IT&E Merger Sub, Inc., IT&E Acquisition Co., Inc., Averion Inc. (“Averion”), Securityholder and the other signatories thereto in part based on the undersigned’s entry into this Letter Agreement (the “Letter Agreement”). Pursuant to the Merger Agreement, the Company paid the undersigned certain consideration, including shares of Series E Convertible Preferred Stock, Subordinated Promissory Notes and shares of the Company’s common stock, par value $0.001 per share (“Common Stock”).