Document:

ex10-2.htm

Exhibit 10.2

 

 

LOCK-UP AGREEMENT

 

May 18, 2015

 

	 	
Re:
	
Warrant Exchange Agreement, dated as of May 18, 2015 (the “Warrant Exchange Agreement”), between Catasys, Inc., a Delaware corporation (the “Company”), and the warrant holders signatory thereto (each, a “Holder” and, collectively, the “Holders”)

 

Ladies and Gentlemen:

 

Defined terms not otherwise defined in this letter agreement (the “Letter Agreement”) shall have the meanings set forth in the Warrant Exchange Agreement. Pursuant to Section 3 of the Warrant Exchange Agreement, the undersigned irrevocably agrees with the Company that, from the date hereof until the earlier of a) six (6) months after the Company files a S-1 or S-3 registration statement, or b) January 4, 2016 (such period, the “Restriction Period”), the undersigned will not offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any Affiliate of the undersigned or any person in privity with the undersigned or any Affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act with respect to, any shares of Common Stock or Common Stock Equivalents beneficially owned, held or hereafter acquired by the undersigned (the “Securities”). Beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act. In order to enforce this covenant, the Company shall impose irrevocable stop-transfer instructions preventing the Transfer Agent from effecting any actions in violation of this Letter Agreement.

 

Notwithstanding the foregoing, and subject to the conditions below, the undersigned may transfer the Securities in the transactions listed as (i)-(iv) below, provided that (1) no such transfer shall involve a disposition for value, (2) each such transfer shall not be required to be reported in any public report, announcement or filing made or to be made with the Securities and Exchange Commission or otherwise during the Restriction Period and (3) the undersigned does not otherwise voluntarily effect any public filing, announcement or report regarding any such transfer during the Restriction Period:

 

(i)     as a bona fide gift or gifts; 

 

(ii)     to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned;

 

(iii)     to any beneficiary of the undersigned pursuant to a will or other testamentary document or applicable laws of descent; or

 

 

 

 

 

(iv)     to any corporation, partnership, limited liability company or other entity all of the beneficial ownership interests of which are held by the undersigned or the immediate family of the undersigned.

 

The undersigned acknowledges that the execution, delivery and performance of this Letter Agreement is a material inducement to the Company to complete the transactions contemplated by the Warrant Exchange Agreement and that the Company shall be entitled to specific performance of the undersigned’s obligations hereunder. The undersigned hereby represents that the undersigned has the power and authority to execute, deliver and perform this Letter Agreement, that the undersigned has received adequate consideration therefor and that the undersigned will benefit from the closing of the transactions contemplated by the Warrant Exchange Agreement. 

 

This Letter Agreement may not be amended or otherwise modified in any respect without the written consent of each of the Company and the Holder. This Letter Agreement shall be construed and enforced in accordance with the laws of the State of New York without regard to the principles of conflict of laws. The undersigned hereby irrevocably submits to the exclusive jurisdiction of the United States District Court sitting in the Southern District of New York and the courts of the State of New York located in Manhattan, for the purposes of any suit, action or proceeding arising out of or relating to this Letter Agreement, and hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim that (i) it is not personally subject to the jurisdiction of such court, (ii) the suit, action or proceeding is brought in an inconvenient forum, or (iii) the venue of the suit, action or proceeding is improper. The undersigned hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by receiving a copy thereof sent to the Company at the address in effect for notices to it under the Warrant Exchange Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. The undersigned hereby waives any right to a trial by jury. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. 

 

By its signature below, the Transfer Agent hereby acknowledges and agrees that, reflecting this Letter Agreement, it has placed an irrevocable stop transfer instruction on all Securities beneficially owned by the undersigned until the end of the Restriction Period. This Letter Agreement shall be binding on successors and assigns of the undersigned with respect to the Securities and any such successor or assign shall enter into a similar agreement for the benefit of the Company.

 

 

*** SIGNATURE PAGE FOLLOWS***

 

 

2 

 

 

This Letter Agreement may be executed in two or more counterparts, all of which when taken together may be considered one and the same agreement.

 

 

	
 
	
 

Signature

 

	
 
	
 

Print Name

 

	
 
	
 

Position in Company

 

Address for Notice:

 

	
 
	
 

	
 
	
 

	
 
	
 

	
 
	
 

	
 
	
 

Number of shares of Common Stock

 

	
 

Number of shares of Common Stock underlying subject to warrants, options, debentures or other convertible securities

 

By signing below, the Company agrees to enforce the restrictions on transfer set forth in this Letter Agreement.

 

	
 
	
 

 

	
By: 
	
 
	
 

Name:

Title:

 

 

Acknowledged and agreed to

as of the date set forth above:

 

	
American Stock Transfer & Trust Co. LLC
	
 

 
	
By:
	
 
	
 

Name:

Title:   

 

 

3Exhibit 10.5

 

TAKE-TWO INTERACTIVE SOFTWARE, INC.
 SECOND AMENDMENT TO
 RESTRICTED STOCK AGREEMENT

 

This Second Amendment (this “Second Amendment”) to the Restricted Stock Agreement, dated as of May 20, 2011 and previously amended by the Amendment made effective as of December 2, 2014 (together, the “Agreement”), by and between Take-Two Interactive Software, Inc. (the “Company”) and ZelnickMedia Corporation (the “Participant”), is made effective as of April 24, 2015.

 

WHEREAS, the Company and the Participant are parties to the Agreement; and

 

WHEREAS, the Company and the Participant now desire to amend the Agreement in order to amend the vesting dates applicable to certain Shares of Restricted Stock granted pursuant to the Agreement.

 

NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the parties hereto hereby agree as follows:

 

1.                                      Capitalized Terms.  Capitalized terms that are not defined in this Second Amendment shall have the meanings ascribed thereto in the Agreement.

 

2.                                      Amendment to the Agreement.  The vesting table contained in Section 3(c)(i) of the Agreement is hereby amended in its entirety to read as follows:

 

	
Vesting Date
    	
 
    	
Shares Vested
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
April 1, 2012
    	
 
    	
275,000
    	
 
    
	
April 1, 2013
    	
 
    	
275,000
    	
 
    
	
April 1, 2014
    	
 
    	
275,000
    	
 
    
	
May 20, 2015
    	
 
    	
275,000
    	
 
    

 

3.                                      Ratification and Confirmation.  Except as specifically amended hereby, the Agreement is hereby ratified and confirmed in all respects and remains in full force and effect, it being the intention of the parties hereto that this Second Amendment and the Agreement be read, construed and interpreted as one and the same instrument.  In the event of any conflict between the terms of this Second Amendment and the terms of the Agreement, the terms of this Second Amendment shall control.

 

4.                                      Affirmations of the Participant.  By the Participant’s signature below, the Participant represents to and agrees with the Company that the Participant hereby accepts this Second Amendment subject to all of the terms and provisions hereof. The Participant has reviewed this Second Amendment in its entirety, has had an opportunity to obtain the advice of counsel prior to executing this Second Amendment and fully understands all of the provisions of this Second Amendment.

 

1

 

5.                                      Governing Law.  This Second Amendment shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws.

 

6.                                      Headings.  Section headings are for convenience only and shall not be considered a part of this Second Amendment.

 

7.                                      Counterparts.  This Second Amendment may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract.

 

*  *  *

 

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IN WITNESS WHEREOF, the parties have executed this Second Amendment to the Agreement on the 24th April 2015.

 

 

	
 
    	
TAKE-TWO INTERACTIVE SOFTWARE, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daniel Emerson
    
	
 
    	
Name: Daniel Emerson
    
	
 
    	
Title: Executive Vice President and General   Counsel
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
ZELNICKMEDIA CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Karl Slatoff
    
	
 
    	
Name: Karl Slatoff
    
	
 
    	
Title: Partner
    

 

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