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LOCK-UP/LEAK-OUT AGREEMENT

Lockup Agreement

LOCK-UP/LEAK-OUT AGREEMENT | Document Parties: SALESREPCENTRAL COM INC | Ralph Massetti You are currently viewing:
This Lockup Agreement involves

SALESREPCENTRAL COM INC | Ralph Massetti

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Title: LOCK-UP/LEAK-OUT AGREEMENT
Date: 3/26/2007
Industry: Computer Services     Sector: Technology

LOCK-UP/LEAK-OUT AGREEMENT, Parties: salesrepcentral com inc , ralph massetti
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Schedule “C”

 

LOCKUP/LEAK-OUT AGREEMENT

 

THIS LOCKUP AGREEMENT dated as of 3-20-2007 (the "Agreement") is made by and between SalesRepCentral.Com, Inc, a Nevada corporation (hereinafter referred to as the "Company"), and Ralph Massetti (hereinafter, referred to herein as the “Selling Shareholder”).

 

W I T N E S S E T H:

 

WHEREAS , pursuant to the terms and conditions of a certain Share Purchase Agreement by and between SalesRepCentral.Com, Inc., and 221 Fund, LLC., a Florida limited liability company, dated as of the date hereof among the Selling Shareholder and the Company (the "Share Purchase Agreement"), the Company has agreed to issue to the Selling Shareholder one million five hundred thousand (1,500,000) shares of common stock, as more fully described in said Share Purchase Agreement; and

 

WHEREAS , to induce the Company to execute and deliver the Share Purchase Agreement, the Selling Shareholder has agreed to (“Lock-up”) not offer for sale, sell assign, pledge, issue, distribute, grant any option or enter into any contract for sale of or otherwise dispose of (any such action being hereafter referred to as a “Transfer”) any shares for a period of six (6) months from the closing date of the stock purchase agreement. The selling sh


 
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