SEC Contract Filing

Filing Date: 2020-12-31

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>ex10-1.htm
<DESCRIPTION>FORM OF LOCK-UP AGREEMENT
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #1D2228"><A HREF="mkgi-8k_122820.htm">Monaker Group, Inc. 8k</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #1D2228">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; color: #1D2228"><B>Exhibit 10.1</B>&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">LOCK-UP AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">December 31, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Kingswood Capital Markets,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">division of Benchmark Investments, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">17 Battery Place, Suite 625<BR>
New York, NY 10017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Aegis Capital Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">810 7<SUP>th</SUP> Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">New York, NY 10019</P>

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 <TD STYLE="width: 7%; font: 12pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">Re:</FONT></TD>
 <TD STYLE="width: 78%; font: 12pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt">Underwriting Agreement, dated December 28, 2020, by and among Monaker Group, Inc., a Nevada corporation (the &#8220;<U>Company</U>&#8221;), Kingswood Capital Markets, division of Benchmark Investments, Inc. and Aegis Capital Corp., acting as representatives to the several underwriters (the &#8220;<U>Representatives</U>&#8221;).</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4.5pt; text-align: justify; text-indent: 0.5in">The undersigned
irrevocably agrees with the Company that, from the date hereof until 30 days following the date of the Underwriting Agreement (the
&#8220;<U>Underwriting Agreement</U>&#8221;) entered into by and among the Company and the Representatives (such period, the &#8220;<U>Restriction
Period</U>&#8221;), 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 (as defined in the Underwriting
Agreement) of the undersigned or any person in privity with the undersigned or any Affiliate of the undersigned), directly or indirectly,
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 Exchange Act of 1934, as amended (the &#8220;<U>Exchange Act</U>&#8221;), with respect to, any shares of common
stock of the Company or securities convertible, exchangeable or exercisable into, shares of common stock of the Company beneficially
owned, held or hereafter acquired by the undersigned (the &#8220;<U>Securities</U>&#8221;). 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 of the Company from effecting any actions in violation of this letter agreement. The
Representatives may consent to an early release from the Restriction Period if, in their sole and absolute discretion, the market
for the Securities would not be adversely impacted by sales and in cases of financial emergency. The restrictions contained in
this letter agreement shall not apply to the Securities to be sold pursuant to the Underwriting Agreement on behalf of the undersigned,
if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 4.5pt; text-align: justify; text-indent: 0.5in">The undersigned
acknowledges that the execution, delivery and performance of this letter agreement is a material inducement to the underwriters
to perform under the Underwriting Agreement and that the Representatives (which shall be a third party beneficiary of this letter
agreement) and the Company shall be entitled to specific performance of the undersigned&#8217;s obligations hereunder. The undersigned
hereby represents that the undersigned has the power and authority to execute,