Version Lock-Up Agreement Sample Contracts

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EXECUTION VERSION LOCK-UP AGREEMENT This Lock-up Agreement (this "Agreement"), is dated as of July 9, 2010, and is made by and among the undersigned parties (each, a "Locked-Up Holder" and, collectively, the "Locked-Up Holders"), each solely in its...
Version Lock-Up Agreement • February 3rd, 2012 • Zazove Associates LLC • Radio broadcasting stations • New York

EXECUTION VERSION LOCK-UP AGREEMENT This Lock-up Agreement (this "Agreement"), is dated as of July 9, 2010, 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 certain shares of 6.25% Series A Cumulative Convertible Preferred Stock issued by Emmis Communications Corporation (the "Preferred Shares"). RECITALS A. On May 25, 2010, Emmis Communications Corporation ("Emmis") executed an agreement and plan of merger (the "Merger Agreement"), that if consummated would result in Emmis being taken private by Jeffrey H. Smulyan ("Smulyan"), Emmis' Chairman, Chief Executive Officer and President. The Merger Agreement provides for a series of transactions, each conditioned upon the other, including, (a) the exchange of outstanding Preferred Shares for new 12% PIK Senior Subordinated Notes due 2017 with a principal amount equal to 60% of the aggregate liquida

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