If I am the multi-family office, it feels odd to r

If I am the multi-family office, it feels odd to read I am not allowed to sell unless I have a 10b-5 plan because I do not have insider information. Even if you think the rule applies to me, I own zero share before the lock-up agreement, so there is no way I would have created such plan.

Also it feels odd that I do no need to sign the lock-up agreement. I am quite sure the ‘undersigned’ in the agreement is the transfer agent.

“By its signature below, the transfer agent of the Company hereby acknowledges and agrees that, reflecting this letter agreement, it has placed an irrevocable stop transfer instruction on all Securities beneficially owned by the undersigned until the end of the Restriction Period.”

The first signature on Page D-3 is for the transfer agent and the second signature is for IPIX. IMHO the definition makes it clear whom the agreement is for.

““Lock-Up Agreement” means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors and officers of the Company, in the form of Exhibit D attached hereto.”