{"component": "clause", "props": {"groups": [{"size": 246, "samples": [{"hash": "9AJwIF2S7v1", "uri": "/contracts/9AJwIF2S7v1#lock-up", "label": "Securities Purchase Agreement (Megan Holdings Ltd.)", "score": 37.1560592651, "published": true}, {"hash": "2kuhfm2PcJL", "uri": "/contracts/2kuhfm2PcJL#lock-up", "label": "Securities Purchase Agreement (Megan Holdings Ltd.)", "score": 37.117729187, "published": true}, {"hash": "lbeWdDaEkQG", "uri": "/contracts/lbeWdDaEkQG#lock-up", "label": "Securities Purchase Agreement (Senmiao Technology LTD)", "score": 36.8685836792, "published": true}], "snippet": "The Company shall not amend, modify, waive or terminate any provision of any of the Lock-Up Agreements except to extend the term of the lock-up period and shall enforce the provisions of each Lock-Up Agreement in accordance with its terms. If any officer or director that is a party to a Lock-Up Agreement breaches any provision of a Lock-Up Agreement, the Company shall promptly use its best efforts to seek specific performance of the terms of such Lock-Up Agreement.", "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "the-lock", "type": "clause", "offset": [80, 88]}, {"key": "to-extend", "type": "clause", "offset": [110, 119]}, {"key": "term-of-the", "type": "clause", "offset": [124, 135]}, {"key": "the-provisions-of", "type": "clause", "offset": [169, 186]}, {"key": "in-accordance-with", "type": "definition", "offset": [210, 228]}, {"key": "a-party", "type": "clause", "offset": [275, 282]}, {"key": "agreement-breaches", "type": "clause", "offset": [296, 314]}, {"key": "provision-of-a", "type": "clause", "offset": [319, 333]}, {"key": "best-efforts", "type": "definition", "offset": [388, 400]}, {"key": "specific-performance", "type": "definition", "offset": [409, 429]}, {"key": "terms-of", "type": "definition", "offset": [437, 445]}], "hash": "0c4cc932df5e274d73348329f2965cd2", "id": 2}, {"size": 214, "samples": [{"hash": "3SO1321ZSs0", "uri": "/contracts/3SO1321ZSs0#lock-up", "label": "Investment Agreement", "score": 31.3408622742, "published": true}, {"hash": "cFD9RPcLsWH", "uri": "/contracts/cFD9RPcLsWH#lock-up", "label": "Investment Agreement (Advantego Corp)", "score": 29.8350448608, "published": true}, {"hash": "lkbGg6wPyze", "uri": "/contracts/lkbGg6wPyze#lock-up", "label": "Investment Agreement (United Cannabis Corp)", "score": 29.6899375916, "published": true}], "snippet": "The Company shall cause its officers, insiders, directors, and affiliates or other related parties under control of the Company, to refrain from selling Common Stock during each Pricing Period.", "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "related-parties", "type": "definition", "offset": [83, 98]}, {"key": "control-of-the-company", "type": "clause", "offset": [105, 127]}, {"key": "common-stock", "type": "clause", "offset": [153, 165]}, {"key": "pricing-period", "type": "definition", "offset": [178, 192]}], "hash": "0cd6792c1aee52f32a1d0df43689a747", "id": 3}, {"size": 157, "samples": [{"hash": "lh0Rf0zYqcG", "uri": "/contracts/lh0Rf0zYqcG#lock-up", "label": "Stockholders\u2019 Agreement (NET Power Inc.)", "score": 34.4483222961, "published": true}, {"hash": "aF8NFYp98fF", "uri": "/contracts/aF8NFYp98fF#lock-up", "label": "Stockholders' Agreement (Rice Acquisition Corp. II)", "score": 34.3086929321, "published": true}, {"hash": "8ehiSNmOIXx", "uri": "/contracts/8ehiSNmOIXx#lock-up", "label": "Business Combination Agreement (Rice Acquisition Corp. II)", "score": 34.3086929321, "published": true}], "snippet": "(a) Subject to Sections 7(b) and 7(c), each NET Power Holder agrees with the Company that it, he or she shall not Transfer any Lock-up Shares of such NET Power Holder (if any and to the extent applicable) until the end of the applicable Lock-up Period (the \u201cLock-up\u201d). For the avoidance of doubt, the Lock-up shall not apply to any Company Interests, warrants or other securities of the Company (whether acquired in the open market, directly from the Company, upon exercise of any warrants or otherwise) other than the Lock-up Shares. Nothing in this Section 7 shall prohibit a NET Power Holder from the establishment of a trading plan pursuant to Rule 10b5-1 promulgated under the Exchange Act, provided that such plan does not provide for the Transfer of Lock-Up Shares during the Lock-Up Period.\n(b) Notwithstanding the provisions set forth in Section 7(a), any NET Power Holder or its Permitted Transferees may Transfer the Lock-up Shares of such NET Power Holder (if any and to the extent applicable) during the Lock-up Period (i) to any of such NET Power Holder\u2019s Permitted Transferees; or (ii) in connection with a liquidation, merger, stock exchange, reorganization, tender offer approved by the Board or a duly authorized committee thereof or other similar transaction which results in all of the Company\u2019s Stockholders having the right to exchange their shares of Common Stock (including any Company Interests exchangeable for shares of Common Stock in connection therewith) for cash, securities or other property subsequent to the Closing Date.\n(c) Notwithstanding the provisions set forth in Section 7(a), the retirement of shares of Class B Common Stock pursuant to Section 4.3(b) of the Charter shall not be deemed a Transfer for purposes of this Section 7.\n(d) With respect to Price-Based Lock-up Shares, notwithstanding anything contained herein to the contrary, if, following the Closing, the last sale price of the Class A Common Stock (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and similar transactions) (the \u201ctrading share price\u201d) on the principal exchange on which such securities are then listed or quoted, which as of the date hereof is the NYSE, for any 20 trading days within any 30 consecutive trading-day period commencing at least 15 days after the Closing, exceeds (i) $12.00 per share, then each of the NET Power Holders, together with its Permitted Transferees, may Transfer their Price-Based Lock-up Shares during the Lock-up Period without restriction under this Section 7 in an amount up to one-third of the Price-Based Lock-up Shares Beneficially Owned by such NET Power Holder and its Permitted Transferees, in each case, in the aggregate as of immediately following the Closing (the aggregate Price-Based Lock-up Shares, as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like, the \u201cNET Power Holders Price-Based Shares\u201d) during the Lock-Up Period without restriction under this Section 7, (ii) $14.00 per share, then each NET Power Holder, together with its Permitted Transferees, may Transfer up to an additional one-third of its NET Power Holders Price-Based Shares in excess of the NET Power Holders Price-Based Shares described in the foregoing clause (i) (i.e., up to two-thirds of its NET Power Holders Price-Based Shares in the aggregate) without restriction under this Section 7, and (iii) $16.00 per share, then each NET Power Holder, together with its Permitted Transferees, may Transfer any of its NET Power Holders Price-Based Shares without restriction under this Section 7.\n(e) With respect to Time-Based Lock-up Shares, notwithstanding anything contained herein to the contrary, if, following the Closing, the trading share price on the principal exchange on which such securities are then listed or quoted, which as of the date hereof is the NYSE, for any 20 trading days within any 30 consecutive trading-day period commencing at least six months after the date of Closing, exceeds $12.00 per share, then the NET Power Holders, together with their Permitted Transferees, may Transfer any of their Time-Based Lock-up Shares during the Lock-up Period without restriction under this Section 7.\n(f) Notwithstanding anything in this Agreement to the contrary, it is understood and agreed that, (i) if any Time-Based Lock-up Shares of any NET Power Holder or Lock-up Shares (as defined in the Sponsor Letter Agreement, \u201cSponsor Time-Based Lock-up Shares\u201d) of any Sponsor Party (as defined in the Sponsor Letter Agreement), are directly or indirectly (by waiver, amendment or otherwise) released from any of the restrictions on Transfer under this Section 7 or under the Sponsor Letter Agreement, as applicable, then the Time-Based Lock-up Shares of each other Stockholder Party, Sponsor Party or their Permitted Transferees, as applicable, shall, unless such person consents otherwise in writing, also be released in a proportionate manner, and at the same time or times, as the other Time-Based Lock-up Shares or Sponsor Time-Based Lock-up Shares subject to such release; and (ii) if any Price-Based Lock-up Shares of any NET Power Holder or Extended Lock-up Shares (as defined in the Sponsor Letter Agreement, \u201cSponsor Price-Based Lock-up Shares\u201d) of and Sponsor Party, are directly or indirectly (by waiver, amendment or otherwise) released from any of the restrictions on Transfer under this Section 7 or under the Sponsor Letter Agreement, as applicable, then the Price-Based Lock-up Shares of each other Stockholder Party, Sponsor Party or their Permitted Transferees, as applicable, shall, unless such person consents otherwise in writing, also be released in a proportionate manner, and at the same time or times, as the other Price-Based Lock-up Shares or Sponsor Price-Based Lock-up Shares subject to such release. In the event that the Sponsor Letter Agreement is amended or otherwise modified in a manner with respect to the Sponsor Time-Based Lock-up Shares or Sponsor Price-Based Lock-up Shares favorable to Sponsor and such amendment or modification, if applied to this Agreement with respect to the Time-Based Lock-up Shares or Price-Based Lock-up Shares, as applicable, would also be favorable to any of the NET Power Holders, each such NET Power Holder shall be afforded the benefits of, and this Agreement shall be deemed amended or modified to give effect to, such amendment or modification. In the event this Agreement is deemed amended or modified pursuant to the immediately preceding sentence, the Company shall notify each NET Power Holder within two (2) business days of the occurrence of such amendment or modification.\n(g) For the avoidance of doubt, this Section 7 shall in no way limit any restrictions on or requirements relating to the Transfer of the Company Interests Beneficially Owned by the NET Power Holders and their respective Permitted Transferees under applicable securities Laws or as otherwise set forth in this Agreement or the governing documents of the Company and OpCo as of the date hereof.", "snippet_links": [{"key": "subject-to-sections", "type": "clause", "offset": [4, 23]}, {"key": "power-holder", "type": "definition", "offset": [48, 60]}, {"key": "up-shares", "type": "definition", "offset": [132, 141]}, {"key": "to-the-extent", "type": "clause", "offset": [179, 192]}, {"key": "the-applicable", "type": "clause", "offset": [222, 236]}, {"key": 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"it-is-understood-and-agreed-that", "type": "definition", "offset": [4289, 4321]}, {"key": "any-time", "type": "definition", "offset": [4330, 4338]}, {"key": "sponsor-letter-agreement", "type": "definition", "offset": [4421, 4445]}, {"key": "sponsor-party", "type": "definition", "offset": [4491, 4504]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [4555, 4577]}, {"key": "restrictions-on-transfer", "type": "clause", "offset": [4639, 4663]}, {"key": "stockholder-party", "type": "definition", "offset": [4788, 4805]}, {"key": "in-writing", "type": "definition", "offset": [4913, 4923]}, {"key": "other-time", "type": "clause", "offset": [5007, 5017]}, {"key": "sponsor-price", "type": "definition", "offset": [5241, 5254]}, {"key": "in-the-event", "type": "clause", "offset": [5853, 5865]}, {"key": "otherwise-modified", "type": "clause", "offset": [5914, 5932]}, {"key": "amendment-or-modification", "type": "clause", "offset": [6067, 6092]}, {"key": "to-this-agreement", "type": "clause", "offset": [6105, 6122]}, {"key": "benefits-of", "type": "clause", "offset": [6321, 6332]}, {"key": "give-effect-to", "type": "definition", "offset": [6392, 6406]}, {"key": "pursuant-to-the", "type": "clause", "offset": [6498, 6513]}, {"key": "the-company-shall", "type": "clause", "offset": [6546, 6563]}, {"key": "business-days-of", "type": "clause", "offset": [6608, 6624]}, {"key": "relating-to", "type": "definition", "offset": [6780, 6791]}, {"key": "the-company-interests", "type": "clause", "offset": [6808, 6829]}, {"key": "applicable-securities-laws", "type": "clause", "offset": [6923, 6949]}, {"key": "agreement-or", "type": "definition", "offset": [6984, 6996]}, {"key": "governing-documents-of-the-company", "type": "clause", "offset": [7001, 7035]}], "hash": "18c87145942668a6d785329072cc5094", "id": 4}, {"size": 83, "samples": [{"hash": "auYc8GN1UVU", "uri": "/contracts/auYc8GN1UVU#lock-up", "label": "Underwriting Agreement (Roth CH Acquisition v Co.)", "score": 30.9206027985, "published": true}, {"hash": "b15OEyEUZmM", "uri": "/contracts/b15OEyEUZmM#lock-up", "label": "Underwriting Agreement (Roth CH Acquisition v Co.)", "score": 30.8959617615, "published": true}, {"hash": "dRtNbau9Tp0", "uri": "/contracts/dRtNbau9Tp0#lock-up", "label": "Underwriting Agreement (Roth CH Acquisition v Co.)", "score": 30.8548946381, "published": true}], "snippet": "During the period commencing on and including the date hereof and ending on and including the 180th day following the date of this Agreement, (the \u201cLock-Up Period\u201d) to not, without the prior written consent of the Representatives (which consent may be withheld at the sole discretion of the Representatives), directly or indirectly offer, sell (including in any short sale), assign, transfer, pledge, contract to sell, establish an open \u201cput equivalent position\u201d within the meaning of Rule 16a-1(h) under the Exchange Act or otherwise dispose of, or announce the offering of, or file any registration statement under the Securities Act in respect of, any Units, Common Stock, options, rights or warrants to acquire shares of Common Stock or securities exchangeable or exercisable for or convertible into shares of Common Stock (other than is contemplated by this Agreement with respect to the Public Units) or publicly announce any intention to do any of the foregoing. The Company will cause each of the Company\u2019s officers, directors and security holders prior to the Offering to furnish to the Representatives, prior to the Initial Closing Date, an Insider Letter, which contains, among other things, \u201clock-up\u201d restrictions on disposition of securities of the Company, and the Company shall not release any such party from such \u201clock-up\u201d restrictions without the prior written consent of the Representatives (which consent may be withheld at the sole discretion of the Representatives). Notwithstanding the foregoing, the Company may: (a) issue and sell the Private Units, (b) issue and sell the Optional Units on exercise of the option provided for in Section 3 hereof, (c) register with the Commission pursuant to the Registration Rights Agreement, in accordance with the terms of the Registration Rights Agreement, the resale of the Insider Shares, the Private Units, the Private Shares and the Private Warrants and shares of Common Stock underlying the Private Units and the Private Warrants and (d) issue securities in connection with a Business Combination; provided, further, that in no case shall the Company issue any shares of Common Stock, options, rights or warrants to acquire shares of Common Stock or securities exchangeable or exercisable for or convertible into shares of Common Stock, or any shares of preferred stock, in each case, that participate in any manner in the Trust Account or that vote as a class with the Common Stock on a Business Combination.", "snippet_links": [{"key": "during-the-period", "type": "clause", "offset": [0, 17]}, {"key": "commencing-on", "type": "clause", "offset": [18, 31]}, {"key": "date-hereof", "type": "clause", "offset": [50, 61]}, {"key": "following-the", "type": "definition", "offset": [104, 117]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [118, 140]}, {"key": "the-representatives", "type": "clause", "offset": [210, 229]}, {"key": "sole-discretion", "type": "clause", "offset": [268, 283]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [309, 331]}, {"key": "short-sale", "type": "definition", "offset": [362, 372]}, {"key": "contract-to-sell", "type": "clause", "offset": [401, 417]}, {"key": "an-open", "type": "clause", "offset": [429, 436]}, {"key": "put-equivalent-position", "type": "definition", "offset": [438, 461]}, {"key": "meaning-of", "type": "definition", "offset": [474, 484]}, {"key": "the-exchange-act", "type": "definition", "offset": [505, 521]}, {"key": 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Pursuant to the Insider Letter, and subject to the exceptions contained therein, Subscriber will agree not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Shares until the earlier to occur of: (A) one year after the completion of the Company\u2019s initial business combination or (B) the date on which the Company completes a liquidation, merger, stock exchange or other similar transaction after its initial business combination that results in all of its stockholders having the right to exchange their shares of Common Stock for cash, securities or other property. Notwithstanding the foregoing, if the last sale price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company\u2019s initial business combination the Shares will be released from the Lock-up.", "snippet_links": [{"key": "the-shares", "type": "clause", "offset": [29, 39]}, {"key": "contained-in", "type": "definition", "offset": [94, 106]}, {"key": "the-insider-letter", "type": "clause", "offset": [107, 125]}, {"key": "pursuant-to-the", "type": "clause", "offset": [127, 142]}, {"key": "subject-to-the", "type": "clause", "offset": [163, 177]}, {"key": "to-sell", "type": "clause", "offset": [234, 241]}, {"key": "otherwise-dispose-of", "type": "definition", "offset": [276, 296]}, {"key": "one-year", "type": "clause", "offset": [362, 370]}, {"key": "of-the-company", "type": "clause", "offset": [392, 406]}, {"key": "initial-business-combination", "type": "definition", "offset": [409, 437]}, {"key": "stock-exchange", "type": "definition", "offset": [508, 522]}, {"key": "similar-transaction", "type": "definition", "offset": [532, 551]}, {"key": "the-right-to-exchange", "type": "clause", "offset": [638, 659]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [666, 688]}, {"key": "for-cash", "type": "definition", "offset": [689, 697]}, {"key": "securities-or-other-property", "type": "clause", "offset": [699, 727]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [729, 758]}, {"key": "the-common-stock", "type": "clause", "offset": [786, 802]}, {"key": "as-adjusted", "type": "definition", "offset": [839, 850]}, {"key": "stock-splits", "type": "clause", "offset": [855, 867]}, {"key": "stock-dividends", "type": "definition", "offset": [869, 884]}, {"key": "any-20", "type": "definition", "offset": [939, 945]}, {"key": "trading-days", "type": "clause", "offset": [946, 958]}, {"key": "trading-day-period", "type": "definition", "offset": [973, 991]}, {"key": "after-the-company", "type": "definition", "offset": [1021, 1038]}, {"key": "the-lock", "type": "clause", "offset": [1103, 1111]}], "hash": "8a3c89c4d29d9f5631dd26273f1f2ab2", "id": 7}, {"size": 663, "samples": [{"hash": "6onaMY9kvfi", "uri": "/contracts/6onaMY9kvfi#lock-up", "label": "Subscription Agreement (Tidewise Acquisition Corp)", "score": 35.3586578369, "published": true}, {"hash": "cgPzkMtozbQ", "uri": "/contracts/cgPzkMtozbQ#lock-up", "label": "Founder Share Subscription Agreement (Aussie Aussie Acquisition Corp)", "score": 35.3230667114, "published": true}, {"hash": "2Ef0TnOUC17", "uri": "/contracts/2Ef0TnOUC17#lock-up", "label": "Securities Subscription Agreement (BurTech Acquisition Corp II)", "score": 35.3039016724, "published": true}], "snippet": "Subscriber acknowledges that the Securities will be subject to lock-up provisions (the \u201cLock-up\u201d) contained in the Insider Letter.", "snippet_links": [{"key": "the-securities", "type": "definition", "offset": [29, 43]}, {"key": "subject-to", "type": "clause", "offset": [52, 62]}, {"key": "contained-in", "type": "definition", "offset": [98, 110]}, {"key": "the-insider-letter", "type": "clause", "offset": [111, 129]}], "hash": "7a1e572c9ded0da2d939abb2d26f4e00", "id": 1}, {"size": 127, "samples": [{"hash": "b9VP5vLAnRo", "uri": "/contracts/b9VP5vLAnRo#lock-up", "label": "Underwriting Agreement (Capitol Investment Corp. 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If Citigroup Global Markets Inc., in its sole discretion, agrees to release or waive the restrictions set forth in a lock-up letter described in Section 6(m) hereof for a Sponsor or an officer or director of the Company and provides the Company with notice of the impending release or waiver at least three Business Days before the effective date of the release or waiver, the Company agrees to announce the impending release or waiver by a press release substantially in the form of Exhibit B hereto through a major news service at least two Business Days before the effective date of the release or waiver.", "snippet_links": [{"key": "the-company-will", "type": "clause", "offset": [0, 16]}, {"key": "consent-of", "type": "clause", "offset": [48, 58]}, {"key": "citigroup-global-markets-inc", "type": "clause", "offset": [59, 87]}, {"key": "contract-to-sell", "type": "clause", "offset": [103, 119]}, {"key": "otherwise-dispose-of", "type": "definition", "offset": [138, 158]}, {"key": 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{"hash": "cyIBb8AzcSp", "uri": "/contracts/cyIBb8AzcSp#lock-up", "label": "Underwriting Agreement (Viveve Medical, Inc.)", "score": 26.1950721741, "published": true}], "snippet": "During the period commencing on and including the date hereof and ending on and including the 90th day following the date of this Agreement, (the \u201cLock-Up Period\u201d) the Company will not, without the prior written consent of the Representative (which consent may be withheld at the sole discretion of the Representative), directly or indirectly offer, sell (including, without limitation, any short sale), assign, transfer, pledge, contract to sell, establish an open \u201cput equivalent position\u201d within the meaning of Rule 16a-1(h) under the Exchange Act, or otherwise dispose of, or announce the offering of, or file any registration statement under the Securities Act in respect of, any Common Stock, options, rights or warrants to acquire Common Stock or securities exchangeable or exercisable for or convertible into Common Stock (other than as contemplated by this Agreement with respect to the Stock) or publicly announce any intention to do any of the foregoing; provided, however, that the Company may (i) issue Common Stock and options to purchase Common Stock, shares of Common Stock underlying options granted and other securities, each pursuant to any director or employee stock option plan, stock ownership plan or dividend reinvestment plan of the Company in effect on the date hereof and described in the General Disclosure Package; (ii) issue Common Stock pursuant to the conversion of securities or the exercise of warrants, which securities or warrants are outstanding on the date hereof and described in the General Disclosure Package; (iii) adopt a new equity incentive plan, and file a registration statement on Form S-8 under the Securities Act to register the offer and sale of securities to be issued pursuant to such new equity incentive plan, and issue securities pursuant to such new equity incentive plan (including, without limitation, the issuance of shares of Common Stock upon the exercise of options or other securities issued pursuant to such new equity incentive plan), provided that (1) such new equity incentive plan satisfies the transaction requirements of General Instruction A.1 of Form S-8 under the Securities Act and (2) this clause (iii) shall not be available unless each recipient of shares of Common Stock, or securities exchangeable or exercisable for or convertible into Common Stock, pursuant to such new equity incentive plan shall be contractually prohibited from selling, offering, disposing of or otherwise transferring any such shares or securities during the remainder of the Lock-Up Period. The Company will cause each person and entity listed in Schedule D to furnish to the Representative, prior to the Closing Date, a \u201clock-up\u201d agreement, substantially in the form of Exhibit A hereto. In addition, the Company will direct the transfer agent to place stop transfer restrictions upon any such securities of the Company that are bound by such \u201clock-up\u201d agreements.", "snippet_links": [{"key": "during-the-period", "type": "clause", "offset": [0, 17]}, {"key": "commencing-on", "type": "clause", "offset": [18, 31]}, {"key": "date-hereof", "type": "clause", "offset": [50, 61]}, {"key": "following-the", "type": "definition", "offset": [103, 116]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [117, 139]}, {"key": "the-company-will", "type": "clause", "offset": [164, 180]}, {"key": "the-representative", "type": "clause", "offset": [223, 241]}, {"key": "sole-discretion", "type": "clause", "offset": [280, 295]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [320, 342]}, {"key": "without-limitation", "type": "clause", "offset": [367, 385]}, {"key": "short-sale", "type": "definition", "offset": [391, 401]}, {"key": "contract-to-sell", 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"Stop Transfer Instructions"], ["agreement-to-lock-up", "Agreement to Lock-Up"], ["permitted-transfers", "Permitted Transfers"], ["exceptions", "Exceptions"]], "parents": [["restrictions-on-transfer", "Restrictions on Transfer"], ["covenants", "Covenants"], ["miscellaneous", "Miscellaneous"], ["lock-up", "Lock-Up"], ["other-agreements-of-the-parties", "Other Agreements of the Parties"]], "title": "Lock-Up", "id": "lock-up", "related": [["lock-ups", "Lock-Ups", "<strong>Lock-Ups</strong>"], ["lockup", "Lockup", "Lockup"], ["lock-up-period", "Lock-Up Period", "<strong>Lock-Up</strong> Period"], ["lock-up-agreement", "Lock-Up Agreement", "<strong>Lock-Up</strong> Agreement"], ["company-lock-up", "Company Lock-Up", "Company <strong>Lock-Up</strong>"]], "related_snippets": [], "updated": "2026-05-17T04:23:05+00:00", "also_ask": ["What are the most effective carve-outs to negotiate in a Lock-Up clause?", "Which drafting elements are essential to ensure the Lock-Up is enforceable?", "What are the primary legal risks or loopholes that could undermine a Lock-Up?", "How do Lock-Up periods and terms compare across jurisdictions or deal types?", "What factors do courts consider when determining the reasonableness of a Lock-Up clause?"], "drafting_tip": "Specify the lock-up period, enumerate restricted actions, and identify affected parties to prevent circumvention, ensure clarity, and facilitate enforcement.", "explanation": "A Lock-Up clause restricts certain parties from selling, transferring, or otherwise disposing of specified securities or assets for a predetermined period. Typically used in the context of initial public offerings (IPOs) or mergers and acquisitions, this clause prevents insiders, such as company executives or major shareholders, from flooding the market with shares immediately after a transaction. By temporarily limiting the ability to sell, the Lock-Up clause helps stabilize the market price and maintain investor confidence during critical periods."}, "json": true, "cursor": ""}}