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FORM OF LOCK-UP AGREEMENT

Lockup Agreement

FORM OF LOCK-UP AGREEMENT | Document Parties: PRIME RESOURCE INC | PRIME ACQUISITION, INC | BROADBAND MARITIME INC You are currently viewing:
This Lockup Agreement involves

PRIME RESOURCE INC | PRIME ACQUISITION, INC | BROADBAND MARITIME INC

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Title: FORM OF LOCK-UP AGREEMENT
Date: 1/19/2007

FORM OF LOCK-UP AGREEMENT, Parties: prime resource inc , prime acquisition  inc , broadband maritime inc
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LOCKUP AGREEMENT

 

 

Prime Resource, Inc.

61 Broadway, Suite 1905

New York, New York 10006

Attention: Mary Ellen Kramer, President

 

Ladies and Gentlemen:

 

Reference is made to the Agreement and Plan of Merger, dated as of January __, 2007, (the “ Merger Agreement ”) by and among BROADBAND MARITIME INC., a Delaware corporation (the “ Company ”), PRIME RESOURCE, INC., a Utah corporation (“ Parent ”) and PRIME ACQUISITION, INC., a Utah corporation and a wholly owned subsidiary of Parent (“ Merger Sub ”).

 

It is anticipated that following the consummation of the merger transaction contemplated by the Merger Agreement, Parent will file a Registration Statement on Form SB-2 (as the same may be hereafter prepared and amended, the “Registration Statement”) pursuant to which shares of the Parent’s unregistered common stock, no par value per share, (the “Common Stock”) issued as Merger Consideration pursuant to the Merger Agreement will be registered under the Securities Act of 1933, as amended (the “Act”) (the “Registration”).  The undersigned holds shares of Common Stock.

 

As an inducement to the Parent and the Merger Sub and each of the Parent Indemnifying Parties to enter into the Agreement, the undersigned hereby agrees that, without the prior written consent of the Messrs. Andrew Limpert, Terry Deru and Scott Deru, the undersigned will not, directly or indirectly, sell, offer to sell, contract to sell, pledge, grant any option for sale or purchase of,


 
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