NET ELEMENT, INC. Form of Lock-Up Agreement April __, 2015Lock-Up Agreement • May 1st, 2015 • Net Element, Inc. • Services-computer processing & data preparation • New York
Contract Type FiledMay 1st, 2015 Company Industry JurisdictionThis Lock-Up Agreement is being delivered to you in connection with the Securities Purchase Agreement (the "Purchase Agreement"), dated as of April __, 2015 (the "Subscription Date") by and among Net Element, Inc. (the "Company") and the investors party thereto (the "Buyers"), with respect to the issuance of the Company's Series A Convertible Preferred Shares, par value $0.01 per share (the "Preferred Shares") convertible or redeemable into shares of common stock, par value $0.0001 per share, of the Company (the "Common Stock"). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Purchase Agreement.
NET ELEMENT, INC. April __, 2015Lock-Up Agreement • May 1st, 2015 • Net Element, Inc. • Services-computer processing & data preparation • New York
Contract Type FiledMay 1st, 2015 Company Industry JurisdictionThis Lock-Up Agreement is being delivered to you in connection with the Securities Purchase Agreement (the "Purchase Agreement"), dated as of April __, 2015 (the "Subscription Date") by and among Net Element, Inc. (the "Company") and the investors party thereto (the "Buyers"), with respect to the issuance of (i) senior convertible notes of the Company (the "Notes") convertible or redeemable into shares of common stock, par value $0.0001 per share, of the Company (the "Common Stock") and (ii) warrants (the "Warrants") which Warrants will be exercisable to purchase Common Stock. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Purchase Agreement.