Exhibit 10.8 POSEIDIS, INC. The undersigned hereby agrees that for a period commencing on August 26, 2005 and expiring on the later of (a) the date that all amounts owed to Cornell Capital Partners, LP (the "Investor"), or any successors or assigns,...Standby Equity Distribution Agreement • April 14th, 2006 • Poseidis Inc • Bottled & canned soft drinks & carbonated waters
The undersigned hereby agrees that for a period commencing on August 26, 2005 and expiring on the later of (a) the date that all amounts owed to Cornell Capital Partners, LP (the "Investor"), or any successors or assigns, under the Secured Convertible Debentures issued to the Investor pursuant to the Securities Purchase Agreement between Poseidis, Inc. (the "Company") and the Investor dated August 26, 2005 have been paid or (b) the termination of the Standby Equity Distribution Agreement dated August 26, 2005 between the Company and the Investor (the "Lock-up Period"), he, she or it will not, directly or indirectly, without the prior written consent of the Investor, issue, offer, agree or offer to sell, sell, grant an option for the purchase or sale of, transfer, pledge (except to the Investor), assign, hypothecate, distribute or otherwise encumber or dispose of any securities of the Company, including common stock or options, rights, warrants or other securities underlying, convertibl
