Lock-in Agreement for Shares of the Common Shares
of Dynacraft Golf Products, Inc.
By this Lock-in Agreement, all officers, directors and post-offering 5%
shareholders (the "Shareholders") of Dynacraft Golf Products, Inc. (the
"Company") agree not to sell or otherwise transfer any shares of the
Company's common stock which are held or come to be held by them (the
"Shares") for one year after the effectiveness of the pending registration
statement with the United States Securities and Exchange Commission (the
"Lock-in Period".)
1. This Lock-in Agreement shall cover all Shares, whether held
beneficially or of record, which presently are held or shall come to be held
during the Lock-in Period by virtue of the exercise of any options, warrants
or other rights (including a right of conversion), by the Shareholders,
except any Shares to be purchased in the offering being registered.
2. The Shareholders will cause:
A. A copy of this Lock-in Agreement to be available from the Company
or its transfer agent upon request and without charge.
B. A notice to be placed on the face of each stock certificate covered
by the terms of this Lock-in Agreement stating that the transfer of the
Shares evidenced by the certificate is restricted in accordance with the
conditions set forth on the reverse side of the certificate.
C. A typed legend to be placed on the reverse side of each stock
certificate representing stock covered by the Lock-in Agreement which states
that the sale or transfer of the shares evidenced by the certificate is
subject to certain restrictions until the date upon which the Lock-in Period
ends, pursuant to an agreement between the Shareholders and the Company,
which agreement is on file with the Company and the stock transfer agent from
which a copy is available upon request and without charge.
3. A manually signed copy of this Lock-in Agreement will be filed as
part of the registration documents.
Dynacraft Golf Products, Inc. by ___________________________, July ____, 1997
Xxxxx X. Xxxxxxx,
its Chief Financial Officer
Shareholders:
_________________________, July __, 1997 _______________________, July __, 1997
Xxxxxx X. Xxxxxxxxx, Xx. Xxxxxx X. Xxxxxxxxx, Xx.
Dynacraft Employee Stock Ownership Plan by ______________________, July __, 1997
its __________________
___________________ August __, 1997 ____________________, August __, 1997
Xxxx Xxxxxxx Xxxx Xxxx
___________________ August __, 1997 ____________________, August __, 1997
Xxxxx X. Xxxxxxx Xxxxx Xxxxxx
Exhibit 9
