Non-Recourse Principal Stockholder Stock Pledge Agreement Sample Contracts

NON-RECOURSE PRINCIPAL STOCKHOLDER STOCK PLEDGE AGREEMENT

Non-Recourse Principal Stockholder Stock Pledge Agreement • March 1st, 2011 • International Surf Resorts, Inc. • Services-business services, nec • New York

• Contract Type
  Non-Recourse Principal Stockholder Stock Pledge Agreement
• Filed
  March 1st, 2011
• Company
  International Surf Resorts, Inc.
• Industry
  Services-business services, nec
• Jurisdiction
  New York

THIS NON-RECOURSE PRINCIPAL STOCKHOLDER STOCK PLEDGE AGREEMENT is entered into as of February ___, 2011, by and between [●], as pledgor (the “Pledgor”), and Broadband Capital Management LLC, in its capacity as collateral agent (the “Pledgee”) on behalf and for the benefit of the purchasers (the “Purchasers”) signatory to that certain Securities Purchase Agreement (the "Purchase Agreement") with International Surf Resorts, Inc. (the “Company”) dated the date hereof.