ex10_38.htm


    
       EXHIBIT
10.38 

    

    
 

    LOCK-UP
AGREEMENT

     

     

     GLOBAL
HUNTER SECURITIES, LLC 

     601
Poydras Street, Suite 2025 

     New
Orleans, LAS  70130 

     Facsimile:  504-212-1610 

     Attn:  Daniel
O. Conwill, IV 

     

     Re:           SinoHub,
Inc. 

     

     Ladies
and Gentlemen: 

     

     This
Agreement is delivered in furtherance of the offering by SinoHub, Inc. (the
“Company”) of its securities (the “Offering”) on the terms and conditions set
forth in the Securities Purchase Agreement (the “Purchase Agreement”), dated
September 10, 2008, between the Company and investors in the Offering (the
“Investors”). 

     

     The
undersigned executive officer of the Company, in order to induce the Investors
to enter into the Purchase Agreement, hereby agrees that, without the prior
written consent of the Investors holding a majority of the shares of the
Company’s common stock purchased pursuant to the Purchase Agreement, the
undersigned will not (directly or indirectly) offer, pledge, sell, contract to
sell, sell any option or contract to purchase, purchase any option or contract
to sell, sell stock short, grant any option, right or warrant to purchase, lend
or otherwise transfer or dispose of any shares of the Company’s common stock
(“Common Stock”) now owned of record or beneficially or hereafter acquired
directly or beneficially by the undersigned or with respect to which the
undersigned has or hereafter acquires the power of disposition (the “Lock-Up
Shares”) or enter into any swap or other arrangement that transfers any economic
consequences of ownership of Common Stock, or enter into any other agreement or
transaction that would have the same effect as any of the foregoing prohibited
actions, commencing on the date hereof and, subject to the occurrence of a
closing of the Offering, continuing for a period of one year following the
effective date of the registration statement to be filed by the Company in
connection with the Offering; provided, however that an aggregate of 100,000
shares of Common Stock held by the undersigned shall not be subject to the
restrictions contained in this letter may be sold under the requirements of Rule
144 under the Securities Act of 1933. 

     

     In
furtherance of the foregoing, the Company shall, and shall cause its transfer
agent and registrar to decline to make any transfer of the Lock-Up Shares if
such transfer would constitute a violation or breach of this letter
agreement. 

     

     The
undersigned acknowledges that each of the Investors is a third party beneficiary
of this letter agreement. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


     This
letter agreement is irrevocable and will be binding on the undersigned and the
respective successors, heirs, personal representatives, and assigns of the
undersigned and may only be amended by mutual agreement of the undersigned,
Global Hunter Securities LLC, and the Investors holding a majority of the shares
of the Company’s common stock purchased pursuant to the Purchase
Agreement.  This letter agreement shall terminate and be of no force
and effect in the event an initial closing of the Offering has not taken
place. 

     

     [The
remainder of this page in intentionally blank.  The signature page
follows.] 

     

     

     

    
 

     

    
      
         


      

      
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                 Dated:
      September 21,
      2008 

              	
                 /s/Henry
      T. Cochran 

              	 
      
	 
      	
                 Signature 

              	 
      
	 
      	 
      	 
      
	 
      	
                 Henry
      T. Cochran 

              	 
      
	 
      	
                 Printed
      Name of Person Signing 

              	 
      


      

    

     

     

    
 

    
      
         


      

      
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                 Dated:
      September 21,
      2008 

              	
                 /s/Lei
      Xia 

              	 
      
	 
      	
                 Signature 

              	 
      
	 
      	 
      	 
      
	 
      	
                 Lei
      Xia 

              	 
      
	 
      	
                 Printed
      Name of Person Signing 

              	 
      


      

    

     

     

     

     

     

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