Exhibit 99.2
ADDITIONAL SHARE ISSUANCE AND LOCKUP AGREEMENT
----------------------------------------------
THIS ADDITIONAL SHARE ISSUANCE AND LOCKUP AGREEMENT (this
"Agreement")
is entered into as of August ___, 2005,
between ______________
( "Stockholder")
and China Digital Wireless, Inc., a Nevada
corporation (the "Company").
W I T N E S S E T H:
WHEREAS, Stockholder
currently owns shares of the Company's common
stock, par value $0.001 per share (the "Common Stock"), and/or securities
convertible into or exercisable or
exchangeable for Common Stock; and
WHEREAS, the Company
and Stockholder desire
that the Company issue to
Stockholder _______ shares (the "Shares") of
Common Stock, in consideration for
Stockholder agreeing to certain restrictions on transfer with respect to a
portion of the Company's securities owned by Stockholder as further set
forth
herein.
NOW, THEREFORE,
in consideration of and subject to the mutual
agreements, terms and conditions herein
contained, the receipt
and sufficiency
of which are hereby acknowledged, the
Company and Stockholder agree as follows:
1.
ISSUANCE OF SHARES
1.1 Issuance
and Delivery of Shares. Subject to the terms and
conditions set forth herein, the Company hereby agrees to issue
to Stockholder
the Shares. The Company shall deliver to Stockholder a certificate or
certificates evidencing the Shares or otherwise
instruct the Company's transfer
agent to issue the Shares to Stockholder
within five days of
the Effective Date
(defined below).
1.2 Legend.
Any certificate(s) evidencing the Shares shall bear a
legend restricting transfer under the Securities Act of 1933,
as amended (the
"Securities Act"), and acknowledging the restrictions on transfer set
forth
herein.
2.
LOCKUP AGREEMENT
2.1 Lockup.
Without
the prior written consent of the Company,
Stockholder will not, from the Effective Date
until the earlier of (i) 180 days
after the date of this Agreement and (ii) the date that The American Stock
Exchange ("AMEX") has approved the Company's application for listing of the
Common Stock, directly or indirectly:
(a) offer, pledge,
announce the intention to sell, sell,
assign, transfer,
encumber, 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,
or otherwise transfer or
dispose of, directly or indirectly, any Common Stock or any
securities
1
<PAGE>
convertible into or
exercisable
or exchangeable for Common Stock
(including
without
limitation,
Common Stock
or any securities
convertible into or
exercisable or exchangeable for Common Stock that
may be deemed to be beneficially owned by the undersigned in
accordance
with the rules and
regulations of the
U.S. Securities
and Exchange
Commission) (collectively, the "Lockup Shares");
(b) enter into any swap or other agreement that transfers,
in
whole or in part, any of the economic consequences of ownership of
any
Lockup Shares, whether
any such transaction described in clause (1) or
(2) above is to be settled by delivery of Lockup Shares or such other
securities, in cash or otherwise; or
(c) make any demand for, or exercise any right with respect
to, the registration of any Lockup Shares;
provided that this agreement will not prevent the transfer of
Lockup Shares by
Stockholder as a gift or gifts to family
members or charitable
organizations to
the extent that any donee thereof
agrees in writing to
be bound by the terms of
this Section 2; and provided further, that the restrictions set forth in this
Section 2 shall only apply to 75% of the
Lockup Shares owned by
Stockholder on
the date of this Agreement (after taking
into account the issuance of the Shares
pursuant to this Agreement). The remaining 25% of the Lockup Shares owned
by
Stockholder on the date of this Agreement,
and any additional
shares of Common
Stock or any securities convertible into or exercisable or exchangeable for
Common Stock acquired by Stockholder after
the date of this Agreement, shall not
be subject to such the restrictions set
forth in this Section 2.
2.2 Consent to Decline Transfers. Stockholder agrees and consents
that
the Company and its transfer agent and registrar are hereby authorized to
decline to make any transfer of Common
Stock or any security convertible into or
exercisable or exchangeable for Common
Stock if such transfer would constitute a
violation or breach of this Agreement.
2.3 Release
of Shares.
At any time and from
time to time during
the
term of this Agreement, the Company may, in its sole
discretion and upon notice
to Stockholder, reduce the percentage of
Stockholder's
Lockup Shares that
are
subject to the restrictions of this Section 2; provided that any remaining
Lockup Shares will continue to be subject
to the restrictions in
this Section 2
for the remainder of the term set forth in
Section 2.1.
3.
EFFECTIVE DATE OF THIS AGREEMENT
This Agreement
shall become
e