October 3, 2006 Net Perceptions, Inc. One Landmark Square, 22nd Floor Stamford, Connecticut 06901 Re: Net Perceptions, Inc. - Lock-Up Agreement Ladies and Gentlemen: The undersigned, Warren B. Kanders, a director of Net Perceptions, Inc., a Delaware...Lock-Up Agreement • October 10th, 2006 • Kanders Warren B • Services-prepackaged software
The undersigned, Warren B. Kanders, a director of Net Perceptions, Inc., a Delaware corporation (the "Company"), in recognition of the benefit that this agreement will confer upon the Company, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, agrees that, until the third anniversary of the date hereof, the undersigned will not offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any shares of Common Stock of the Company, or any options or warrants to purchase any shares of Common Stock of the Company, or any securities convertible into, exchangeable for or that represent the right to receive shares of Common Stock of the Company, whether now owned or hereinafter acquired, owned directly or indirectly by the undersigned (including holding as a custodian) or with respect to which the undersigned has beneficial ownership within the rules and regulations of the Securities a
