Capitol Acquisition Management LLC Ownership Transfer Restriction Agreement (2007)
This agreement, dated 2007, is between Capitol Acquisition Corp. and the owners of Capitol Acquisition Management LLC. The signatories agree not to transfer their ownership interests in Capitol Acquisition Management LLC to anyone except the founders of Capitol Acquisition Corp. or entities controlled by those founders. This restriction remains in place until the transfer restrictions on the company's securities, as described in the company's registration statement and escrow agreement, are lifted.
Exhibit 10.11
, 2007
Capitol Acquisition Corp.
509 7th Street, N.W.
Washington, D.C. 20004
Ladies and Gentlemen:
Each of the undersigned agrees that it will not transfer its ownership interests in Capitol Acquisition Management LLC to anyone other than the founders of Capitol Acquisition Corp. (“Company”) or entities of which such founders are the beneficial owners, or beneficiaries, of until the transfer restrictions (as more fully described in the Company’s Registration Statement relating to its initial public offering and in the Escrow Agreement filed as an exhibit to such Registration Statement) relating to the Company’s securities held by Capitol Acquisition Management LLC are removed.
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