CARSUNLIMITED COM INC
SB-2/A, EX-10.1, 2000-10-30
BUSINESS SERVICES, NEC
Previous: CARSUNLIMITED COM INC, SB-2/A, EX-10, 2000-10-30
Next: CARSUNLIMITED COM INC, SB-2/A, EX-24, 2000-10-30



                                    AGREEMENT


     THIS AGREEMENT is made and entered into this 28th day of July, 2000, by and
between  Carsunlimited.com,  Inc.,  a  Nevada  Corporation (the "Company"), Paul
Greco  Family  Ltd., Partnership, The Greco Family Ltd, Partnership and Nicholas
Boscia.

     WHEREAS,  the  undersigned  are  the  shareholders of 1,525,000 shares (the
"Shares") of common Stock, $.001 par value per share (the "Common Stock") of the
Company,  a  Nevada  Corporation;  and

     WHEREAS,  in  order  to  facilitate  the  consummation  of the transactions
contemplated  by  an SB-2 Registration by the Company, the undersigned desire to
"lock  Up""  their  collective  1,525,000  shares of Common Stock of the Company
("Lock up Shares"), out of the 3,120,000 shares registered. The lock up shall be
for  a  period  of  ten  consecutive  months commencing if, and when the Company
become  a  publically trading entity on a  US regulated stock exchange. Pursuant
to  an instruction from the Company's President to the Company's transfer agent,
said shares shall be released by the Company's transfer agent pro rata on a date
certain  each  month  until  the  shares  have all been released, to wit: 73,500
shares  of the 735,000 shares to be issued to Paul Greco Family Ltd. Partnership
shall  be  released each month; 73,500 shares of the 735,000 shares to be issued
to  Greco  Family Ltd. Partnership shall be released each month and 5,000 shares
of  the  50,000  shares  to  be issued to Nicholas Boscia shall be released each
month.

     NOW,  THEREFORE,  in consideration of the foregoing premises and the mutual
covenants  agreements,  representatives  and  warranties  contained  herein, the
undersigned hereby agrees (i) not to sell, assign, transfer, convey or otherwise
alienate  the  1,525,000  lock  up  shares  of the Company's Common Stock, for a
period  of  one,  two,  three,  four,  five,  six,  seven,  eight,  nine and ten
consecutive months after the Company has become a publically trading entity on a
US  Stock  Exchange as set forth above herein; and (ii) that a legend reflecting
the  foregoing  "Lock  up"  restriction  may  be  placed  on  the certificate(s)
representing  the  shares  of  common stock subject to the 'lock up" provisions.

     IN  WITNESS  WHEREOF,  the undersigned has duly executed and delivered this
Agreement  as  of  the  day  and  year  first  written  above.



Paul  Greco  Family  Ltd. Partnership                             735,000 Shares
/s___________________________
By:  Paul  Greco,  Managing  Partner

Greco Family Ltd. Partnership                                     735,000 Shares
/s___________________________
By:  Margaret  Greco,  Managing  Partner

Nicholas Boscia                                                    50,000 Shares
/s___________________________
By:  Nicholas  Boscia




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission