LOCK UP AGREEMENTLock Up Agreement • March 29th, 2000 • Jyra Research Inc • Computer communications equipment
The undersigned, holders in the aggregate of 3,595,000 shares of common stock, $.001 par value of Path 1 Network Technologies Inc. ("Path 1") ("Shares"), hereby agree that until February 1, 2000, none of them shall either offer for sale or sell any Shares, except for Franklin S. Felber ("Felber") who has the right to sell Shares pursuant to the terms of a separate Option Agreement dated today (the "Option Agreement") between Felber and Jyra Research Inc. ("Jyra") pursuant to which Felber has granted to Jyra an irrevocable option to purchase up to 255,640 Shares. The restrictions agreed to herein shall automatically lapse and be of no force or effect in the event of any sales made in the context of a tender offer, merger, or other takeover involving Path 1.
OPTION AGREEMENTOption Agreement • March 29th, 2000 • Jyra Research Inc • Computer communications equipment
