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Form of Lock-up Agreement

Lockup Agreement

Form of Lock-up Agreement | Document Parties: OXYSURE SYSTEMS INC You are currently viewing:
This Lockup Agreement involves

OXYSURE SYSTEMS INC

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Title: Form of Lock-up Agreement
Date: 5/21/2009

Form of Lock-up Agreement, Parties: oxysure systems inc
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Exhibit 10.9   Form of Lock-up Agreement

 

OxySure ®   Systems, Inc.

10880 John W. Elliot Drive

Suite 600

Frisco, TX  75034

 

Date: _______________

 

 

Ladies and Gentlemen:

 

           The undersigned, a beneficial owner of preferred stock of OxySure Systems, Inc. (the “Company”) with a par value of $.0005 (the “Shares”), understands that the Company intends to file with the U.S. Securities and Exchange Commission a registration statement  on Form S-1 (the “Registration Statement”), for the registration of the Company’s Common Stock.  As part of the disclosure included in the Registration Statement, the Company has affirmatively stated that there will be no trading of the Company’s securities until such time as the Company successfully implements its business plan as described in such Registration Statement, consummating a financing transaction or series of transactions.

 

In order to insure that the aforesaid disclosure is adhered to, the undersigned agrees that, during the period as defined below ( “the “Lock-Up Period”), the undersigned hereby agrees that he/she will not offer to sell, assign, pledge, hypothecate, grant any option for the sale of, or otherwise dispose of, directly or indirectly, any shares of Common stock of the Company owned by him/her, or subsequently acquired through the exercise of any options, warrants or rights, or conversion of any other security or by reason of any stock split or other distribution of stock, or grant options, warrants or rights, or conversion of any other security or by reason of any stock split or other distribution of stock, or grant


 
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