Shares of [__]% Series H Cumulative Perpetual Preferred Stock1 and [____________] Warrants to Purchase [___________] Shares of Common Stock Crossroads Systems, Inc. PURCHASE AGREEMENTPurchase Agreement • November 3rd, 2014 • Crossroads Systems Inc • Computer peripheral equipment, nec • New York
As an inducement to the underwriters (the “Underwriters”) to execute a purchase agreement (the “Purchase Agreement”) providing for a public offering (the “Offering”) of the Series H Non-Convertible Perpetual Preferred Stock (the “Series H Preferred Shares”), of Crossroads Systems, Inc. and any successor (by merger or otherwise) thereto (the “Company”), the undersigned hereby agrees that without, in each case, the prior written consent of Northland Securities, Inc. (“Northland”) during the period specified in the second succeeding paragraph (the “Lock-Up Period”), the undersigned will not: (1) offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, make any short sale or otherwise transfer or dispose of, directly or indirectly, any shares of the Company’s Series F Preferred Stock, the Company’s Series H Preferred Shares, the Company’s common st
