Lock-Up Agreement between Goldspan Resources Inc., SJE Mining LLC, and SJE Members (August 8, 2014)
Goldspan Resources Inc., SJE Mining LLC, and SJE's equity owners, Eric Stevenson and Steven Jones, agree that SJE and its members will not sell, transfer, or otherwise dispose of 200 million shares of Goldspan's common stock received under a prior Asset Purchase Agreement for two years from the closing date. The company will instruct its transfer agent to note this restriction on the share certificate. The agreement is binding for two years and can only be amended in writing by all parties.
EXHIBIT 10.1
LOCK-UP AGREEMENT
This Lock-Up Agreement (the Agreement) is entered into this 8th day of August 2014 amongst Goldspan Resources Inc. (the Company), SJE Mining LLC (SJE), Eric Stevenson and Steven Jones, the equity owners of SJE (the Members).
WHEREAS, on July 31, 2014, the Company entered into an Asset Purchase Agreement (the Purchase Agreement) with SJE which provided in part for SJE to receive 200 million shares of the Companys common stock (the Shares); and
WHEREAS, the parties have determined that it is in the best interests of the Company and the Companys shareholders to Lock-Up the Shares for a period of two years from the closing date of the Purchase Agreement (the Closing Date).
NOW THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration it is agreed:
1.
SJE and the Members agree not to trade, transfer, sell, convey or in any way encumber the Shares for a period of two years commencing on the Closing Date.
2.
The Company is hereby authorized to instruct the Companys Transfer Agent to note on the SJE share certificate that the Shares are subject to the terms and conditions of this Agreement.
3.
This agreement represents the entire agreement between the parties with respect to the Lock-Up and supersedes any other agreements whether oral or in writing entered into between the parties.
4.
This Agreement may not be amended with the written consent of all signatories hereto.
This Agreement is entered into the date set forth above.
Goldspan Resources Inc. |
| SJE Mining LLC | |
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/s/ Phillip Allen |
| /s/ Eric Stevenson | |
BY: | Phillip Allen, president |
| Eric Stevenson, Managing Member |
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/s/ Steven Jones |
| /s/ Eric Stevenson | |
Steven Jones |
| Erick Stevenson |
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