Lock-up Letter. On or prior to the date hereof, BOFL shall have furnished to the Placement Agent an agreement in substantially the form of Exhibit C hereto from each director and executive officer of BOFL, and such agreement shall be in full force and effect at the time of each Closing. If any condition specified in this Section 6 shall not have been fulfilled, you may terminate this Agreement or, if you so elect, waive any such condition that has not been fulfilled or extend the time for its fulfillment. Any termination under this Section 6 shall be without liability to any party hereto, except pursuant to Sections 7 and 8, which shall survive the termination of this Agreement. Termination of this Agreement under this Section will be effective immediately upon our receipt of notice of termination from you.
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Sources: Placement Agent Agreement (Bank of Florida Corp), Placement Agent Agreement (Bank of Florida Corp)