FORM OF SPONSOR LOCK-UP AGREEMENTForm of Sponsor Lock-Up Agreement • February 28th, 2018 • Stellar Acquisition III Inc. • Blank checks • New York
THIS LOCK-UP AGREEMENT (this “Agreement”) is made and entered into as of ___, 2018 by and between (i) Stellar Acquisition III Inc., a Republic of Marshall Islands corporation, which will be known after the consummation of the transactions contemplated by the Merger Agreement (as defined below) as “Phunware, Inc.” (including any successor entity thereto, including the Successor after the Conversion (as such terms are defined in the Merger Agreement), the “Purchaser”), and (ii) the undersigned (“Holder”). Any capitalized term used but not defined in this Agreement will have the meaning ascribed to such term in the Merger Agreement.
