Lockup Agreement between Andrew J. Befumo and Continental Alloy Wheel Corporation

Summary

Andrew J. Befumo, the sole shareholder of Continental Alloy Wheel Corporation, agrees not to sell his 10,000,000 shares of common stock until the company completes a merger or acquisition and is no longer considered a "blank check" company. This agreement is made to assure potential investors that the shareholder will not sell his shares prematurely, providing stability during the company's transition period.

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EX-10.1 3 ex10_1.htm LOCKUP AGREEMENT ex10_1.htm
Continental Alloy Wheel Corporation S-1/A
 
Exhibit 10-1
 
Andrew J. Befumo
1629 K Street NW
Washington, DC 20006

October 24, 2011

The undersigned sole shareholder of Continental Alloy Wheel Corporation (the “Company”) hereby affirms his ownership of 10,000,000 shares of $0.001 par value common stock of the Company.  The undersigned hereby agrees with prospective subscribers to shares of the Company, as a material inducement to such subscribers to subscribe for shares, not to sell his respective shares of the Company’s common stock until such time as the Company has successfully consummated a merger or acquisition and the Company is no longer classified as a “blank check” company.
 
/s/ Andrew J. Befumo
  
Andrew J. Befumo