Common use of Lock-Ups Clause in Contracts

Lock-Ups. The Company’s directors, executive officers, employees and shareholders holding at least ten percent (10%) of the outstanding Common Shares will enter into customary “lock-up” agreements (the “Lock-Up Agreements”) in favor of, and in form reasonably acceptable to, Aegis and the investors for a period of ninety (90) days from the closing date of the Placement (the “Closing Date”); provided, however, that any sales by parties to the lock-ups shall be subject to the lock-up agreements and provided further, that none of such shares shall be saleable in the public market until the expiration of the ninety (90) day period described above.

Lock-Ups. The Transaction Documents will provide, among other items, that the Company’s 's directors, executive officers, employees officers and shareholders holding at least ten percent (10%) of the outstanding Common Shares ordinary shares will enter into customary “"lock-up” " agreements (the “Lock-Up Agreements”) in favor of, and in form reasonably reasonable acceptable to, Aegis and the investors the underwriters for a period of ninety (90) days from the closing date of which the Placement (the “Closing Date”)Registration Statement is declared effective; provided, however, that any sales by parties to the lock-ups shall be subject to the lock-up agreements and provided further, that none of such shares shall be saleable in the public market until the expiration of the ninety (90) day period described above.