Extract to table
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Extract to table / lock-up-side-letter-10b5-1.docx
lock-up-side-letter-10b5-1.docx
Parties
Arbor Health Technologies Inc
Harkness LLP
Quivorn LLP
Calloway Pierce Securities LLC
Velthorn Capital Partners Inc
Pemberton Wallis LLC
Hartfield Securities LLC
Dates
February 8, 2024
August 6, 2024
September 1, 2023
February 27, 2023
November 10, 2023
Amounts
$0.001
Obligations
In the event that any additional pre-existing Rule 10b5-1 trading plan of a Lock-Up Agreement signatory is identified after the date hereof, the Company shall promptly notify the Representative in writing of such plan, including its material terms and the identity of the plan holder
Any such additional plan shall not benefit from the authorization granted in this Side Letter and shall not operate during the Lock-Up Period absent separate written consent from the Representative, in the Representative's sole discretion
For the avoidance of doubt, automatic termination provisions contained within the original terms of the Pre-Existing Plan (including, without limitation, automatic termination upon the sale of all shares subject to the plan, upon the expiration of the plan term, or upon the occurrence of certain events specified in the plan as adopted) shall not require the prior written consent of the Representative and shall not constitute a modification, amendment, or termination requiring such consent
Sales of shares of common stock under each Pre-Existing Plan during the Lock-Up Period shall not exceed the aggregate share amounts specified in Section 2 above
Specifically, aggregate sales under the Rourke Plan during the Lock-Up Period shall not exceed 500,000 shares of common stock, and aggregate sales under the Tsujimoto Plan during the Lock-Up Period shall not exceed 350,000 shares of common stock
For purposes of this limitation, all shares sold under a Pre-Existing Plan on or after February 8, 2024, through and including August 6, 2024, shall be counted toward the applicable aggregate limit, regardless of whether such sales occur before or after the date of this Side Letter