TM Capital Partners, L.L.C. 15425 Shady Grove Road, Suite 400 Rockville, Maryland 20850 March 7, 2000 Parade Holdings, Inc. 39 Broadway Suite 2250 New York, NY 10006 Re: Lock Up Agreement with Parade Holdings, Inc. Gentlemen: As part of the sale of...Lock Up Agreement • June 8th, 2000 • Parade Holdings Inc • Blank checks
As part of the sale of the shares of Common Stock of Parade Holdings, Inc. (the "Company") to the undersigned (the "Holder"), the Holder hereby represents, warrants, covenants and agrees, for the benefit of the Company and the holders of record (the "third party beneficiaries") of the Company's outstanding securities, including the Company's Common Stock, $.0001 par value (the "Stock") at the date hereof and during the pendency of this letter agreement that the Holder will not transfer, sell, contract to sell, devise, gift, assign, pledge, hypothecate, distribute or grant any option to purchase or otherwise dispose of, directly or indirectly, its shares of Stock of the Company owned beneficially or otherwise by the Holder except in connection with or following completion of a merger, acquisition or other transaction by the Company resulting in the Company no longer being classified as a blank check company as defined in Section 7(b)(3) of the Securities Act of 1933, as amended.
