Agreement Not to Sell Shares Sample Contracts

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Agreement Not to Sell Shares This agreement is between Information Network Radio, Inc. (the Company) and its founding shareowners (the Cofounders). The Cofounders agree not to sell any of their shares of the common stock of the Company for a year...
Agreement Not to Sell Shares • June 29th, 1999 • Information Network Radio Inc • Radio broadcasting stations

The Cofounders agree not to sell any of their shares of the common stock of the Company for a year after completion of the proposed public offering by the Company of its shares to be commenced in 1999 (the Offering). During the second year after completion of the Offering, the Cofounders agree not to sell more than an aggregate of 2.5% of their shares during each quarter of that year, except by registration as described in this Agreement.

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