Document:

EX-10.3

 

Exhibit 10.3

Amended and Restated Lock-Up Agreement

                    , 2007

Immunosyn Corporation

4225 Executive Square, Suite 260

La Jolla, California 92037

     Re: Offering of Common Stock

Dear Sirs:

     In order to induce Immunosyn Corporation, a Delaware corporation (the “Company”), to register
my shares of the Company’s Common stock, par value $0.0001 per share (“Common Stock”), the
undersigned hereby agrees that for a period of twelve (12) months following the effective date of
the prospectus (the “Prospectus”) filed by the Company with the Securities and Exchange Commission
in connection with such offering, the undersigned will not, without the prior written consent of
the Company, directly or indirectly:

     (i) offer, sell, assign, transfer, pledge, contract to sell, sell any option or contract to
purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase,
lend or otherwise dispose of, any shares of Common Stock including, without limitation, Common
Stock which may be deemed to be beneficially owned by the undersigned in accordance with the rules
and regulations promulgated under the Securities Act of 1933 (the “Securities Act”) and the
Securities Exchange Act of 1934, as the same may be amended or supplemented from time to time, or
securities convertible into or exercisable or exchangeable for Common Stock (collectively, the
“Shares”),

     (ii) enter into any swap, hedge or similar agreement or arrangement that transfers to another,
in whole or in part, any of the economic risk of ownership of the Shares, or

     (iii) engage in any short selling of the Shares.

Nothing contained herein will be deemed to restrict or prohibit the transfer of the Shares (i) as a
bona fide gift, provided the recipient thereof agrees in writing to be bound by the terms thereof
(ii) as a distribution to partners, retired partners or the estates of such partners or retired
partners of shareholders of the undersigned, provided that the distributees thereof agree in
writing to be bound by the terms thereof, (iii) as a transfer into a revocable trust pursuant to
the transferor’s estate plan, provided the trustee agrees on behalf of all beneficiaries of the
trust that they shall be bound by the terms of this agreement.

     Any person to whom the Shares are transferred from the undersigned from and after the date
hereof shall be bound by the terms of this Agreement.

     In order to enable the aforesaid covenants to be enforced, the undersigned hereby consents to
the placing of legends and/or stop-transfer orders with the transfer agent of the Shares.

Shareholder’s Initials                     

 

 

     The undersigned understands that the Company is relying upon this Agreement in proceeding
towards registration of my Shares. The undersigned further understands that this Agreement is
irrevocable and shall be binding upon the undersigned’s heirs, legal representatives, successors
and assigns.

     Notwithstanding the foregoing, the Company will use reasonable efforts to arrange for a
registered broker dealer to act as an agent (the “Agent”) for all shareholders who execute this
Agreement (collectively “Selling Shareholders”), for the sale of their Shares unrestricted by this
Agreement during the lock-up period, on the following terms and conditions:

     1) During the lock-up period, Selling Shareholders may submit one or more limit orders to the
Agent for sales of their Shares at prices designated by the Selling Shareholder. Such orders shall
be deemed “good until cancelled.”

     2) The Agent will have sole discretion to determine at all times whether there is sufficient
market support for any sales by the Selling Shareholders within their limit orders.

     3) If the Agent determines there is sufficient market interest, the Agent will attempt to
execute the Selling Shareholders’ orders.

     4) If there is insufficient market interest in all of the Selling Shareholders’ Shares within
a specific limit, the Agent will allocate the number of Shares sold among all of the Selling
Shareholders on a proportionate basis in accordance with the number of each Selling Shareholder’s
Shares offered at or above this limit.

     5) At any time during the lock-up the Company may declare a hold on the selling of all Shares
by the Selling Shareholders provided such hold shall apply to all Selling Shareholders.

     The following parties and transactions shall not be subject to this Agreement:

     (i) the sale or transfers by Argyll Biotechnologies LLC; or

     (ii) sales or transfers by Argyll Equities LLC.

     The Selling Shareholder further agrees to execute any additional documents that the Company
deems necessary to implement the transactions contemplated by this Agreement.

[Signature Page Follows]

Shareholder’s Initials                     

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SIGNATURE BLOCK FOR A NATURAL PERSON

	 	 	 	 	 
	 	 	 
	 
	 	 	 	 
	Name:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Please Print	 	 
	 
	 	 	 	 
	Date:

	 	                                        	 	 

SIGNATURE BLOCK FOR A CORPORATION, PARTNERSHIP, TRUST OR OTHER ENTITY

Name of corporation, partnership, trust or other entity, including type of entity and jurisdiction
of organization:

	 	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 

	 	Please Print	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Name:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Please Print	 	 
	 
	 	 	 	 
	Title:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Please Print	 	 
	 
	 	 	 	 
	Date:<PAGE>

                                                                 Exhibit 10.122f
                                                                   Tiffany & Co.
                                                             Report on Form 10-K

                          AMENDMENT NO. 5 TO GUARANTEE

     This Amendment No. 5 to that certain Guarantee, dated April 3, 1996, as
amended by Amendment No. 1, dated as of November 18, 1998, Amendment No. 2,
dated October 15, 1999, Amendment No. 3, dated July 16, 2002, and Amendment No.
4, dated December 9, 2005 (the "Guarantee") in respect of certain obligations of
Tiffany & Co. Japan Inc., Japan Branch ("Borrower"), to American Family Life
Assurance Company of Columbus, Japan Branch ("Lender"), is made as of this 31st
day of May, 2006.

                                    AGREEMENT

     Except as otherwise provided herein, capitalized terms used herein which
are not defined herein shall have the meanings set forth in the Guarantee.

     In consideration of the covenants, conditions and agreements hereinafter
set forth, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Borrower, Guarantor and Lender
hereby agree as follows:

1.   Section 13(n) of the Guarantee is hereby deleted in its entirety and
replaced with the following:

               "(n) The Guarantor will not, and will not permit any consolidated
          Subsidiary to, enter into any Derivative Transactions other than (i)
          Derivative Transactions (other than equity or equity index swaps,
          equity or equity index options and bond options) which are
          complementary to the business of the Guarantor and its consolidated
          Subsidiaries and are for the sole purpose of managing and protecting
          against the Guarantor's, or the consolidated Subsidiary's (as the case
          may be) exposure to interest rate, currency and/or commodity price
          fluctuations and (ii) equity or equity index swaps, equity or equity
          index options and bond options which are related solely to equity
          stock or bonds issued by the Guarantor or bonds issued by any
          consolidated Subsidiary."

2.   Section 13 of the Guarantee is further amended by deleting the definition
of "Derivative Transactions" in its entirety and replacing it with the following
new definition:

               "Derivative Transactions" shall mean, (a) any transaction
          (including an agreement with respect thereto) by the Guarantor or any
          of its consolidated Subsidiaries which is a rate swap transaction,
          basis swap, forward rate transaction, forward contract, commodity
          swap, commodity option, equity or equity index swap, equity or equity
          index option, bond option, interest rate option, foreign exchange
          transaction, cap transaction, floor transaction, collar transaction,
          currency swap transaction, cross-currency rate swap transaction,
          currency option or any other similar transaction (including any option
          with respect to any of these transactions) and (b) any combination of
          any of these transactions."

3.   This Amendment shall become effective immediately upon the signature by
each of Borrower, Guarantor and Lender. In all other respects, the Agreement and
the Guarantee shall remain in full force and effect.

4.   Each of the Borrower and Guarantor hereby (a) reaffirms and admits the
validity, enforceability and continuation of the Agreement and the Guarantee and
(b) agrees and admits that as of the date hereof it has no valid defenses to or
offsets against any of their respective obligations thereunder.

5.   This Amendment may be executed in any number of counterparts, each of
which shall be an original and all of which shall constitute one agreement. It
shall not be necessary in making proof of this Amendment to produce or account
for more than one counterpart signed by the party to be charged.

<PAGE>

6.   This Amendment shall be governed and interpreted in accordance with the
laws of Japan and hereby incorporates the provisions of Sections 16(a) and 16(b)
of the Guarantee.

     The parties have caused this Amendment No. 5 to be duly executed as of the
date first written above.

                                       TIFFANY & CO. JAPAN INC., Japan Branch

                                       By:  /s/ Michael W. Connolly
                                           ----------------------------------

                                       TIFFANY & CO.

                                       By:  /s/ Michael W. Connolly
                                            ---------------------------------

                                       AMERICAN FAMILY LIFE ASSURANCE COMPANY OF
                                       COLUMBUS, Japan Branch

                                       By:  /s/ Yuji Arai
                                            ---------------------------------
                                            Yuji Arai
                                            Senior Vice President

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