Certain major shareholders including directors of the company have extended and increased the formal strategic Voluntary Lock-Up Agreement to over 75,000,000 shares effective immediately. The Voluntary Lock-Up Agreement stipulates that these shareholders shall not assign, deal in, pledge, sell, trade or transfer in any manner whatsoever, or agree to do so in the future, any of the shares or any beneficial interest in them, on or before December 31, 2017. This undertaking will be construed in accordance with and governed by the laws of the Province of Ontario and the laws of Canada applicable in Ontario.
dynaCERT’s President and CEO, Jim Payne, states, “We are very pleased by the continued support and commitment of the directors and major shareholders involved in the Voluntary Lock-up Agreement. By increasing and extending the agreement to the end of 2017, this reaffirms their confidence in dynaCERT’s ability to increase shareholder value as we continue growth of production and global expansion along with research and development of future product suite.”