Common Contracts

2 similar Lock-Up Agreement contracts by Pangaea Logistics Solutions Ltd., Quartet Merger Corp.

LOCK-UP AGREEMENT
Lock-Up Agreement • February 4th, 2015 • Pangaea Logistics Solutions Ltd. • Deep sea foreign transportation of freight • New York

In connection with the Agreement and Plan of Reorganization (the “Merger Agreement”), dated as of April 30, 2014, by and among Quartet Merger Corp. (“Quartet”), Quartet Holdco Ltd. (“Holdco”), Quartet Merger Sub, Ltd., Pangaea Logistics Solutions Ltd. (“Company”) and the securityholders of the Company, to induce the parties to consummate the transactions contemplated by the Merger Agreement, the undersigned agrees not to, either directly or indirectly, during the “Restricted Period” (as hereinafter defined):

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LOCK-UP AGREEMENT
Lock-Up Agreement • May 1st, 2014 • Quartet Merger Corp. • Blank checks • New York

In connection with the Agreement and Plan of Reorganization (the “Merger Agreement”), dated as of April 30, 2014, by and among Quartet Merger Corp. (“Quartet”), Quartet Holdco Ltd. (“Holdco”), Quartet Merger Sub, Ltd., Pangaea Logistics Solutions Ltd. (“Company”) and the securityholders of the Company, to induce the parties to consummate the transactions contemplated by the Merger Agreement, the undersigned agrees not to, either directly or indirectly, during the “Restricted Period” (as hereinafter defined):

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