Common use of Share Release Clause in Contracts

Share Release. The Shareholder and Company agree that Shareholder Shares will be subject to the following lock-up and release schedule (the “Schedule”): DATE PERCENT OF SHARES RELEASED 12 month anniversary of Shareholder Share issuance date 20% 13 month anniversary of Shareholder Share issuance date 15% 14 month anniversary of Shareholder Share issuance date 15% 15 month anniversary of Shareholder Share issuance date 15% 16 month anniversary of Shareholder Share issuance date 15% 17 month anniversary of Shareholder Share issuance date 10% 18 month anniversary of Shareholder Share issuance date 10%

Appears in 1 contract

Sources: Lock Up and Share Release Agreement (Adex Media, Inc.)

Share Release. The Shareholder and Company agree that Shareholder the Shares will be subject to the following lock-up and release schedule (the “Schedule”): DATE PERCENT OF SHARES RELEASED 12 month anniversary of Shareholder Share issuance date 20% 13 month anniversary of Shareholder Share issuance date 15% 14 month anniversary of Shareholder Share issuance date 15% 15 month anniversary of Shareholder Share issuance date 15% 16 month anniversary of Shareholder Share issuance date 15% 17 month anniversary of Shareholder Share issuance date 10% 18 month anniversary of Shareholder Share issuance date 10%

Appears in 1 contract

Sources: Lock Up and Share Release Agreement (Adex Media, Inc.)