Suite # 7Shareholder Agreement • April 24th, 2000 • Acs Acquisitions Inc • Non-operating establishments
In consideration of the sale of the shares of Common Stock of ACS Acquisition Corporation (the "Company") to the undersigned (the "Holders"), the Holders hereby represent, warrants, covenants and agrees, for the benefit of the Company and any holders of record (the "third party beneficiaries") of the Company's outstanding securities, including the Company's Common Stock, $.001 par value (the "Stock") at the date hereof and during the pendency of this letter agreement, that the Holders 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 Holders except in connection with or following completion of a merger, acquisition or other transaction of or by the Company meeting the definition of a business combination as defined in the Company's registration statement on Form 10-SB or otherwise comply
