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Contract analysis / lock-up-waiver-request-ridgeline.docx
lock-up-waiver-request-ridgeline.docx
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1. Scope of Release. The early release shall apply solely with respect to up to 7,187,500
1. Scope of Release. The early release shall apply solely with respect to up to 7,187,500 shares of Common Stock in the aggregate (consisting of 6,250,000 base offering shares and up to 937,500 over-allotment option shares), to be sold by the Selling Stockholders in the Offering as described herein. All other restrictions imposed by the Lock-Up Agreements on shares of Common Stock not sold in the Offering, including
2. Effective Date of Release. The early release shall become effective as of October 12,
2. Effective Date of Release. The early release shall become effective as of October 12, 2023 (the anticipated pricing and trade date for the Offering), which is two (2) calendar days prior to the natural Lock-Up Expiration Date of October 14, 2023.
3. Purpose Limitation. The early release is requested solely to permit the Selling Stockh
3. Purpose Limitation. The early release is requested solely to permit the Selling Stockholders to (a) enter into an underwriting agreement with the underwriters of the Offering and (b) sell shares of Common Stock in the Offering in accordance with the terms of such underwriting agreement. The Selling Stockholders shall not be permitted to sell, transfer, or otherwise dispose of any released shares of Common Stock ot
4. Waiver of 14-Day Advance Notice Requirement. The Company further requests that Ridgeli
Standard
⚑ Commercial term
4. Waiver of 14-Day Advance Notice Requirement. The Company further requests that Ridgeline waive the 14-day advance notice requirement set forth in Section 3 of the Lock-Up Agreements with respect to this early release, in light of the de minimis nature of the two-calendar-day gap between the requested early release date and the natural Lock-Up Expiration Date. The Company believes that the advance notice requiremen