EXECUTION VERSION LOCK-UP AGREEMENTLock-Up Agreement • February 3rd, 2012 • First Derivative Traders, L.P. • Radio broadcasting stations • New York
This Lock-up Agreement (this "Agreement"), is dated as of December 12, 2011, and is made by and among the undersigned parties (each, a "Locked-Up Holder" and, collectively, the "Locked-Up Holders"), each solely in its capacity as a beneficial owner (as defined below) of shares of 6.25% Series A Cumulative Convertible Preferred Stock (the "Preferred Shares") and all holders of such shares, the "Preferred Shareholders") issued by Emmis Communications Corporation ("Emmis").
