Hawker Beechcraft, Inc. Election Agreement with Participant for Common Stock Purchase
This agreement is between Hawker Beechcraft, Inc. and an individual participant, allowing the participant to purchase shares of the company's common stock at $10 per share. The purchase can be made in specified amounts on certain dates using cash or retention program amounts. The participant agrees to sign related subscription or restricted stock agreements at the time of each purchase. The agreement is binding and cannot be revoked.
Exhibit 10.13
EXHIBIT A
FORM OF
HAWKER BEECHCRAFT, INC.
ELECTION AGREEMENT
This ELECTION AGREEMENT (the Election Agreement), is made as of March 20, 2007 (the Election Date), between Hawker Beechcraft, Inc., a Delaware corporation (the Company), and the other signatory hereto (the Participant).
I hereby agree to purchase shares of common stock of the Company at a price of $10 per share in the amounts and on the dates set forth below, using the following consideration:
1. Cash on the closing date of the Companys acquisition of the Hawker Beechcraft business (expected to occur on or about March 26, 2007) (the Closing Date): $ .
In connection with such purchase, I agree to execute as of the date of purchase the Subscription Agreement substantially in the form attached as Exhibit Fl to the Prospectus for the Hawker Beechcraft, Inc. Employee Equity Investment Plan, dated March 13, 2007 (the Prospectus).
2. Cash on or about April 26, 2007: $ .
In connection with such purchase, I agree to execute as of the date of purchase the Subscription Agreement substantially in the form attached as Exhibit F2 to the Prospectus.
3. Retention Program Amounts on the Closing Date: $ .
In connection with such purchase, I agree to execute as of the date of purchase the Restricted Stock Agreement substantially in the form attached as Exhibit G to the Prospectus.
This Election Agreement is binding and irrevocable.
IN WITNESS WHEREOF, the parties have signed this Election Agreement as of the date first written above.
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PARTICIPANT | HAWKER BEECHCRAFT, INC. |
Name: | ||