WAIVER OF LEAK-OUT AND LOCKUP AGREEMENTLeak-Out and Lockup Agreement • January 3rd, 2014 • Adaptive Medias, Inc. • Services-advertising
THIS WAIVER OF LEAK-OUT AND LOCKUP AGREEMENT (the “Waiver”) is made and entered into as of December 31, 2013 (the “Effective Date”), by Adaptive Medias, Inc. (f/k/a Mimvi, Inc.), a Nevada corporation (the “Company”), in favor of Qayed Shareef (the “Shareholder”) in order to waive the provisions of that certain Leak-Out and Lockup Agreement between the Company and Shareholder dated July 1, 2013 (the “Agreement”). For all purposes of this Waiver, “Shareholder” includes any affiliate, controlling person of Shareholder, agent, representative, or other person with whom Shareholder is acting in concert.
