Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 519

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 519
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 to, the registration of any Parent Common Stock or any security convertible into or exercisable or exchangeable for Parent Common Stock; (4) grant any proxies or powers of attorney with respect to any Securities, deposit any Securities into a voting trust or enter into a voting agreement or similar arrangement or commitment with respect to any Securities; or (5) publicly disclose the intention to do any of the foregoing (each of the foregoing restrictions, the “ Lock-Up Restrictions ”); provided, however, and for the avoidance of doubt, that the Lock-Up Restrictions and the Lock-Up Period (as defined below) shall not apply to, and the following securities shall not constitute “Securities” as defined herein, (i) 600,000 shares of the Parent Common Stock issuable to Jackson Investment Group, LLC (“ JIG ”) upon the exchange of certain shares of Series I Preferred Stock, par value $0.00001 per share, of the Company and (ii) the shares of Parent Common Stock that are issuable to JIG upon the exchange of any shares of common stock of the Company owned by JIG at the effective time of the Merger. Notwithstanding the terms of the foregoing paragraph, the Lock-Up Restrictions shall automatically terminate and cease to be effective on the date that is the one (1) year anniversary of the Effective Time. The period during which the Lock-Up Restrictions apply to the Securities shall be deemed the “ Lock-Up Period ” with respect thereto. The undersigned agrees that the Lock-Up Restrictions preclude the undersigned from engaging in any hedging or other transaction with respect to any then-subject Securities which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of such Securities even if such Securities would be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions would include without limitation any short sale or any purchase, sale or grant of any right (including without limitation any put or call option) with respect to such Securities or with respect to any security that includes, relates to, or derives any significant part of its value from such Securities. Notwithstanding the foregoing, the undersigned may transfer any of the Securities (i) as a bona fide gift or gifts or charitable contribution(s), (ii) to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned, (iii) if the undersigned is a corporation, partnership, limited liability company, trust or other business entity (1) to another corporation