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MODEL PROMOTIONAL SHARES LOCKING AGREEMENT Class B Issuer I.II. This Promotional Shares Locking Agreement (“Agreement “), which was entered into on the day of, 20, by and between (“Issuer “),
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Who needs model promotional shares lock-in?
01
Model promotional shares lock-in is needed by individuals or entities who are participating in promotional share programs offered by companies or organizations.
02
These programs typically involve certain conditions or restrictions on the shares, and the lock-in period refers to the period during which the shares cannot be sold or transferred.
03
Participants in such programs need to fill out the model promotional shares lock-in form to indicate their commitment to adhere to the lock-in period and any other relevant terms and conditions.
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What is model promotional shares lock-in?
Promotional shares lock-in refers to a restriction period during which certain shareholders, such as promoters or insiders, are required to hold on to their shares and are prohibited from selling them in the market.
Who is required to file model promotional shares lock-in?
The promoters or insiders of a company who hold promotional shares are required to file model promotional shares lock-in.
How to fill out model promotional shares lock-in?
Model promotional shares lock-in can typically be filled out online through the regulatory authority's website, following the specified guidelines and providing the necessary information.
What is the purpose of model promotional shares lock-in?
The purpose of model promotional shares lock-in is to ensure stability in the market by preventing major shareholders from dumping their shares immediately after an IPO or other event that could significantly impact the stock price.
What information must be reported on model promotional shares lock-in?
Information such as the name of the shareholder, number of shares held, lock-in period, and reason for lock-in must be reported on model promotional shares lock-in.
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