curm_ex46.htm

EXHIBIT 4.6
 
FORM OF LOCK-UP AGREEMENT
 
_______, 2015
 
Maxim Group LLC
405 Lexington Avenue
New York, NY 10174
 
Re: Public Offering of CüR Media, Inc.
 
Ladies and Gentlemen:
 
The undersigned, a holder of common stock, par value $0.0001 ("Common Stock"), or rights to acquire Common Stock, of CüR Media, Inc. (the "Company"), understands that you are the representative (the "Representative") of the several underwriters (collectively, the "Underwriters") named or to be named in the final form of Schedule A to the underwriting agreement (the "Underwriting Agreement") to be entered into among the Underwriters and the Company, providing for the public offering (the "Public Offering") of units of the Company's securities (each a "Unit" and collectively, the "Units"), each Unit consisting of one share of Common Stock and one warrant to purchase one share of Common Stock (the "Securities") pursuant to a registration statement filed or to be filed with the U.S. Securities and Exchange Commission (the "SEC"). Capitalized terms used herein and not otherwise defined shall have the meanings set forth for them in the Underwriting Agreement.
 
In consideration of the Underwriters' agreement to enter into the Underwriting Agreement and to proceed with the Public Offering of the Securities, and for other good and valuable consideration, receipt of which is hereby acknowledged, the undersigned hereby agrees, for the benefit of the Company, the Representative and the other Underwriters that, without the prior written consent of the Representative, the undersigned will not, during the period specified in the following paragraph (the "Lock-Up Period"), directly or indirectly, unless otherwise provided herein, (a) offer, sell, agree to offer or sell, solicit offers to purchase, grant any call option or purchase any put option with respect to, pledge, encumber, assign, borrow or otherwise dispose of or transfer (each a "Transfer") any Relevant Security (as defined below) or otherwise publicly disclose the intention to do so, or (b) establish or increase any "put equivalent position" or liquidate or decrease any "call equivalent position" (in each case within the meaning of Section 16 of the Securities Exchange Act of 1934 and the rules and regulations thereunder) with respect to any Relevant Security or otherwise enter into any swap, derivative or other transaction or arrangement that Transfers to another, in whole or in part, any economic consequence of ownership of a Relevant Security, whether or not such transaction is to be settled by the delivery of Relevant Securities, other securities, cash or other consideration, or otherwise publicly disclose the intention to do so. It is understood that nothing in this agreement will prevent the undersigned from exercising any stock option, warrant, or other security convertible into shares of Common Stock. As used herein, the term "Relevant Security" means any share of Common Stock, warrant to purchase Common Stock or any other security of the Company or any other entity that includes or is convertible into, or exercisable or exchangeable for, Common Stock or any other equity security of the Company, in each case owned beneficially or otherwise by the undersigned on the date set forth on the front cover of the final prospectus used in connection with the Public Offering of the Securities (the "Effective Date") or acquired by the undersigned during the Lock-Up Period. 
 
The Lock-Up Period will commence on the Effective Date and continue and include the date one hundred eighty (180) days after the Effective Date.
 
	 
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In addition, the undersigned further agrees that, without the prior written consent of the Representative, during the Lock-Up Period the undersigned will not: (i) file or participate in the filing with the SEC of any registration statement or circulate or participate in the circulation of any preliminary or final prospectus or other disclosure document, in each case with respect to any proposed offering or sale of a Relevant Security, or (ii) exercise any rights the undersigned may have to require registration with the SEC of any proposed offering or sale of a Relevant Security.
 
In furtherance of the undersigned's obligations hereunder, the undersigned hereby authorizes the Company during the Lock-Up Period to cause any transfer agent for the Relevant Securities to decline to transfer, and to note stop transfer restrictions on the stock register and other records relating to, Relevant Securities for which the undersigned is the record owner and the transfer of which would be a violation of this Lock-Up Agreement and, in the case of Relevant Securities for which the undersigned is the beneficial but not the record owner, agrees that during the Lock-Up Period it will cause the record owner to cause the relevant transfer agent to decline to transfer, and to note stop transfer restrictions on the stock register and other records relating to, such Relevant Securities to the extent such transfer would be a violation of this Lock-Up Agreement.
 
Notwithstanding the foregoing, the undersigned may transfer the undersigned's Relevant Securities: 
 
		(i) 	as a bona fide gift or gifts,

			 
		(ii) 	to any trust for the direct or indirect benefit of the undersigned or a member of members of 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, partnership, limited liability company, trust or other business entity that is a direct or indirect affiliate (as defined in Rule 405 under the Securities Act of 1933) of the undersigned, (2) to limited partners, limited liability company members or stockholders of the undersigned, or (3) in connection with a sale, merger or transfer of all or substantially all of the assets of the undersigned or any other change of control of the undersigned, not undertaken for the purpose of avoiding the restrictions imposed by this Lock-Up Agreement,

			 
		(iv) 	if the undersigned is a trust, to the beneficiary of such trust,

			 
		(v) 	by testate or intestate succession,

			 
		(vi) 	by operation of law, such as pursuant to a qualified domestic order or in connection with a divorce settlement, or

			 
		(vii) 	pursuant to the Underwriting Agreement, or

			 
		(viii) 	upon the written approval of the Representative,


 
provided, in the case of clauses (i)-(vi), that (A) such transfer shall not involve a disposition for value, (B) the transferee agrees in writing with the Underwriters and the Company to be bound by the terms of this Lock-Up Agreement, and (C) such transfer would not require any filing under Section 16(a) of the Exchange Act and no such filing is voluntarily made. 
 
	 
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For purposes of this Lock-Up Agreement, "immediate family" shall mean any relationship by blood, marriage or adoption, not more remote than first cousin.
 
Notwithstanding anything contained herein to the contrary, in the event that the closing sale price of a share of the Company's Common Stock as traded on the OTC Markets OTCQB marketplace (or such other exchange or stock market on which the Common Stock may then be listed or quoted) equals or exceeds 150% of the Public Offering price (appropriately adjusted for any stock split, reverse stock split, stock dividend or other reclassification or combination of the Common Stock occurring after the date hereof) for at least twenty (20) consecutive trading days, then the undersigned shall be released from all obligations under this Lock-Up Agreement with respect to 25% of the Relevant Securities owned by the undersigned.
 
The undersigned hereby represents and warrants that the undersigned has full power and authority to enter into this Lock-Up Agreement and that this Lock-Up Agreement has been duly authorized (if the undersigned is not a natural person) and constitutes the legal, valid and binding obligation of the undersigned, enforceable in accordance with its terms. Upon request, the undersigned will execute any additional documents necessary in connection with the enforcement hereof. Any obligations of the undersigned shall be binding upon the successors and assigns of the undersigned from the date of this Lock-Up Agreement.
 
The undersigned understands that, if the Underwriting Agreement does not become effective, or if the Underwriting Agreement (other than the provisions thereof which survive termination) shall terminate or be terminated prior to payment for and delivery of the Securities to be sold thereunder, the undersigned shall be released from all obligations under this Lock-Up Agreement.
 
The undersigned, whether or not participating in the Public Offering, understands that the Underwriters are entering into the Underwriting Agreement and proceeding with the Public Offering in reliance upon this Lock-Up Agreement. 
 
This Lock-Up Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of laws principles thereof. Delivery of a signed copy of this Lock-Up Agreement by facsimile or e-mail/.pdf transmission shall be effective as the delivery of the original hereof.
    	 
	Very truly yours,	 

	 	 	 	 
		Signature:		 

	 
	Name (printed):
Title (if applicable):
Entity (if applicable):
		 



 
 
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