Common Contracts
2 similar Lock-Up Agreement contracts by Abits Group Inc
ABITS GROUP INC LOCK-UP AGREEMENT September 10, 2026Lock-Up Agreement • September 17th, 2026 • Abits Group Inc • Finance services
The undersigned understands that Abits Group Inc, a British Virgin Islands company (the “Company”), entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) on 10, 2026 with each purchaser (each, a “Purchaser”, and collectively “Purchasers”) identified on the signature page of the Securities Purchase Agreement, providing for the private placement (the “Transaction”) of one or more promissory notes of the Company (the “Notes”) convertible as set forth in the Notes, into ordinary shares, no par value per share, of the Company (the “Shares”), and that in connection therewith, the Company expects to enter into a registration rights agreement with the Purchasers.
ABITS GROUP INC LOCK-UP AGREEMENT September 11, 2026Lock-Up Agreement • September 17th, 2026 • Abits Group Inc • Finance services
Notwithstanding the foregoing, the undersigned agrees that any Additional Ordinary Shares issued to the undersigned pursuant to Section 2.3 of that certain Securities Purchase Agreement, dated as of August 5, 2026, by and among ARC Group International Ltd., the undersigned, the other Sellers party thereto and the Company (the “ARC SPA”) (such shares, the “Acquisition Shares”) shall be subject to the restrictions set forth in clauses (1) through (4) above for a period commencing on the date of issuance of such Acquisition Shares and ending on the date that is nine (9) months thereafter (the “Extended Lock-Up Period”). To the extent the Extended Lock-Up Period extends beyond the Lock-Up Period, the Extended Lock-Up Period shall control with respect to the Acquisition Shares, and references below to the Lock-Up Period shall, with respect to the Acquisition Shares, mean the Extended Lock-Up Period.