RNAi Message Board - Msg: 18996401

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Biotech / Medical : RNAi

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To: tuck who wrote (24)	6/3/2003 12:43:08 AM
From: BulbaMan	Read Replies (1) of 671

From Ribozyme (Sirna) SCHEDULE 14A INFORMATION (filed with SEC 2/24/03) LOCK-UP AGREEMENTS. We have agreed to enter into agreements with each of our officers, continuing directors, and certain key employees, so that those stockholders will not sell or otherwise transfer or dispose of their ownership interests in RPI for a period of 180 days after the consummation of the Private Placement, other than for transfers to certain permitted transferees or in private resales. The investors also have agreed to enter into similar lock-up agreements. However, these agreements may be waived at any time by our board of directors, which, following consummation of the Private Placement, will have a majority of the directors designated by certain of the investors.

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