Alberta Lock-Up Agreement for Takeover Bid

Lock up the shares of a privately held Alberta corporation in connection with a takeover offer to purchase the shares with this downloadable template.

• The agreement must be signed by each of the shareholders, pursuant to a pre-acquisition agreement between the corporation and the offeror.
• Each shareholder agrees to deposit its shares and to surrender any options or warrants it has to purchase shares.
• Each shareholder agrees not to acquire any additional shares and not to dispose of any of its existing shares except in accordance with the offer.
• The shareholders will not exercise any rights or remedies they may have under Alberta law to delay, hinder or challenge the offer.

A share lock-up agreement ensures that every shareholder is prepared to accept the offer.