SEVENTHCAI INC 4300 N. MILLER RD. SUITE 120 SCOTTSDALE, ARIZONA 85251-3620 February 7, 2000 Carl P. Ranno Esq. 2816 East Windrose Drive Phoenix, Arizona 85032 Re: Lock-Up Agreement with Seventhcai, Inc. Gentlemen, In consideration of the sale to the...Lock-Up Agreement • July 11th, 2000 • Seventhcai Inc
In consideration of the sale to the holder by Seventhcai, Inc., (Company) of its Common Stock ($.0001 par value), the undersigned holder warrants, covenants and agrees for the benefit of the Company not to sell, offer to sell, solicit an offer to buy, contract to sell, make any short sale, pledge, grant, grant any option to purchase, or otherwise transfer or dispose of, any shares of Common stock, or any securities convertible into or exercisable or exchangeable for Common Stock, owned directly or beneficially by the undersigned or with respect to which the undersigned has the power of disposition, except in connection with or following a completed merger or acquisition by the Company and the Company is no longer classified as a blank check company pursuant to Section 7 (b) (3) of the Securities Act of 1933, as amended.
