Document:

oxbt_ex102.htm

EXHIBIT 10.2

 

OXYGEN BIOTHERAPEUTICS, INC.

 

 

December [__], 2011

 

Oxygen Biotherapeutics, Inc.

ONE Copley Parkway, Suite 490

Morrisville, NC 27560

Telephone:  919-855-2100

	
  

	
Re:  Oxygen Biotherapeutics, Inc. - Lock-Up Agreement

 

Dear Sirs:

 

This Lock-Up Agreement is being delivered to you in connection with the Securities Purchase Agreement (the "Purchase Agreement"), dated as of December 6, 2011 by and among Oxygen Biotherapeutics, Inc. (the "Company") and the investors party thereto (the "Buyers"), with respect to the issuance of (i) Series A Convertible Preferred Shares of the Company (the "Preferred Shares") convertible or redeemable into shares of common stock, par value $0.0001 per share, of the Company (the "Common Stock") and (ii) warrants which will be exercisable to purchase shares of Common Stock.  Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Purchase Agreement.

 

In order to induce the Buyers to enter into the Purchase Agreement, the undersigned agrees that, commencing on the date hereof and until ninety (90) days after the earlier of (i) the date that no Initial Preferred Shares are outstanding and (ii) the Additional Closing Date (the "Lock-Up Period"), the undersigned will not (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase, make any short sale or otherwise dispose of or agree to dispose of, directly or indirectly, any shares of Common Stock, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities and Exchange Act of 1934, as amended and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to any shares of Common Stock owned directly by the undersigned (including holding as a custodian) or with respect to which the undersigned has beneficial ownership within the rules and regulations of the Securities and Exchange Commission, or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any shares of Common Stock, owned directly by the undersigned (including holding as a custodian) or with respect to which the undersigned has beneficial ownership within the rules and regulations of the Securities and Exchange Commission, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, (collectively, the "Undersigned’s Shares").

 

  

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The foregoing restriction is expressly agreed to preclude the undersigned or any affiliate of the undersigned from engaging in any hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of the Undersigned’s Shares even if the Undersigned’s Shares 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 any of the Undersigned’s Shares or with respect to any security that includes, relates to, or derives any significant part of its value from the Undersigned’s Shares.

 

Notwithstanding the foregoing, the undersigned may transfer the Undersigned’s Shares (i) as a bona fide gift or gifts, provided that the donee or donees thereof agree to be bound in writing by the restrictions set forth herein or (ii) to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned, provided that the trustee of the trust agrees to be bound in writing by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition for value.  For purposes of this Lock-Up Agreement, “immediate family” shall mean any relationship by blood, marriage or adoption, not more remote than first cousin.  The undersigned now has, and, except as contemplated by clauses (i) or (ii) above, for the duration of this Lock-Up Agreement will have, good and marketable title to the Undersigned’s Shares, free and clear of all liens, encumbrances, and claims whatsoever.  The undersigned also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar against the transfer of the Undersigned’s Shares except in compliance with the foregoing restrictions.

 

The undersigned understands and agrees that this Lock-Up Agreement is irrevocable and shall be binding upon the undersigned’s heirs, legal representatives, successors, and assigns.

 

This Lock-Up Agreement may be executed in two counterparts, each of which shall be deemed an original but both of which shall be considered one and the same instrument.

 

This Lock-Up Agreement will be governed by and construed in accordance with the laws of the State of New York, without giving effect to any choice of law or conflicting provision or rule (whether of the State of New York, or any other jurisdiction) that would cause the laws of any jurisdiction other than the State of New York to be applied.  In furtherance of the foregoing, the internal laws of the State of New York will control the interpretation and construction of this Lock-Up Agreement, even if under such jurisdiction's choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply.

 

  

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Very truly yours,

 

	
  

	
______________________________

	
  

	
Exact Name of Stockholder

 

	
  

	
______________________________

	
  

	
Authorized Signature

 

	
  

	
______________________________

	
  

	
Title

	

Agreed to and Acknowledged:

	 

 

	OXYGEN BIOTHERAPEUTICS, INC.	 
	 	 	 
	
By: 

	 	 
	 	Name:	 
	 	Title:	 

 

  

3hometreass2ex441_1252011.htm

 

Exhibit 4.1

__________________

 

Name of Investor

HOME TREASURE FINDERS, INC.

SUBSCRIPTION TO COMMON SHARES

The undersigned hereby subscribes for ____________ shares of common stock (No Par Value) of home Treasure Finders, Inc. (the “Shares”), a corporation organized under the laws of the State of Colorado (the “Company” or the “Corporation”), for $0.10 per share and agrees to pay for said Shares in cash in the amount of $_________ upon acceptance by the Corporation of this subscription and payment for Shares. Certificates for such Shares shall be issued to the undersigned as fully paid and non-assessable.

The undersigned represents and warrants as follows:

1. The Shares are being acquired by the undersigned for the undersigned's own account and not on behalf of any other person.

1. The Shares are being acquired for investment purposes only and not for distribution.

2. The undersigned acknowledges that the Company is real estate lead referral business which has not yet generated any revenue.

4. The undersigned has been given the opportunity to review (and to have the undersigned's attorney, accountant, and/or financial advisor review) the Corporation's prospectus on Form S-1 together with its Articles of Incorporation and Bylaws which documents have been filed with the U.S. Securities and Exchange Commission (“SEC”), and are available for viewing and copying on the SEC’s website: www.sec.gov.

5. The undersigned has been given the opportunity to discuss the business, financial condition, and affairs of the Corporation with its management. The undersigned has reviewed this information and his/her contemplated investment with his legal, investment, financial, and tax and accounting advisors to the extent the undersigned deems such review necessary. As a result, the undersigned is cognizant of the financial condition, capitalization, and proposed operations and financing of the Company, and the undersigned has available full information concerning its affairs and has been able to evaluate the merits and risks of the investment in the Shares.

6. That the undersigned understands the special risks of an investment in the Shares, in particular, those special risks due to its business of real estate lead generation with lack of operating history, and due to its limited capitalization.

 

 

  

Exhibit 4.1 -- Page 1

  

7. The undersigned acknowledges that an investment in the Shares is one of high risk and is suitable only for investors who can withstand the risk of loss of their entire investment. The undersigned further acknowledges that he or she will only make an investment in the Shares after having completed his or her own due diligence investigation and after consulting with his or her own legal, financial and investment advisors to the extent the undersigned deems appropriate.

8.. The undersigned acknowledges and understands that there is currently no market for the Shares.

9.. The Company has given the undersigned the opportunity to ask questions of and to receive answers from persons acting on the Company's behalf concerning the terms and conditions of this trans-action and the undersigned also has been given the opportunity to obtain any additional information regarding the Company which the Company possesses or can acquire without unreasonable effort or expense. The Company has furnished the undersigned with any information regarding the Company requested in writing by the undersigned.

10. This Subscription Agreement shall be irrevocable unless it is rejected by the Company.

11. The undersigned acknowledges and represents that he or she is a knowledgeable investor who can fend for himself or herself and has adequate means to make the investment in the Shares; and that, in connection with the purchase of the Shares, he or she has obtained investment advice from outside sources, including his or her investment adviser and private attorney and/or accountant as he or she deemed necessary to make an informed investment decision.

12. The undersigned is not a member of the National Association of Securities Dealers, Inc., nor affiliated with an NASD member broker-dealer firm except as follows:

        ____________________________________________________________.

   

13. This Agreement may be amended or modified only in writing signed by the parties hereto. No evidence shall be admissible in any court concerning any alleged oral amendment hereof. This Agreement fully integrates all prior agreements and understandings between the parties concerning its subject matter.

14. This Agreement binds and inures to the benefit of the representatives, successors and permitted assigns of the respective parties hereto.

15. Each party hereto agrees for itself, its successors and permitted assigns to execute any and all instruments necessary for the fulfillment of the terms of this Agreement.

16. This Agreement is made under, shall be construed in accordance with and shall be governed by the laws of the State of Colorado.

 

 

  

Exhibit 4.1 -- Page 2

  

 

17. The undersigned hereby tenders the amount set forth above, in cash, in full payment for the Shares.

18. By the undersigned's execution below, it is acknowledged and understood that the Company is relying upon the accuracy and completeness hereof in complying with certain obligations under applicable securities laws. The undersigned recognizes that the sale of the Shares by the Company will be based upon his/her representations and warranties set forth herein and the statements made by it herein.

IN WITNESS WHEREOF, subject to acceptance by the Company, the undersigned has completed this Subscription Agreement to evidence the undersigned's subscription to purchase the Shares as set forth above.

 

“The undersigned acknowledges that Standard Registrar and Transfer Agency is acting only as an escrow agent in connection with the offering of the securities described herein, and has not endorsed, recommended or guaranteed the purchase, value or repayment of such Interests.”

 

Date:

__________________________________

SIGNATURE OF SUBSCRIBER

__________________________________

PRINTED NAME OF SUBSCRIBER

__________________________________

SOCIAL SECURITY NUMBER  OF SUBSCRIBER

__________________________________

STREET ADDRESS

__________________________________

CITY  STATE ZIP 

 

__________________________________

SIGNATURE OF SPOUSE

(if purchasing jointly)

__________________________________

PRINTED NAME OF SPOUSE

(if applicable)

ACCEPTED BY:

HOME TREASURE FINDERS, INC.

DATE:__________________________

BY: ______________________________

  COREY WIEGAND, PRESIDENT

 

  

  

Exhibit 4.1 -- Page 3

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