Lockup Agreement between Raytheon Aircraft Credit Corporation and Great Lakes Aviation, Ltd.

Contract Categories: Business Finance › Waiver Agreements
Summary

This agreement, dated December 31, 2002, is between Raytheon Aircraft Credit Corporation (RACC) and Great Lakes Aviation, Ltd. It restricts the undersigned from transferring or acquiring shares or options of Great Lakes Aviation until December 31, 2005, unless released under specific terms in the related Restructuring Agreement. The purpose is to limit changes in ownership or control of Great Lakes Aviation during this period.

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EX-10.18 14 dex1018.txt FORM OF LOCKUP AGREEMENT EXHIBIT 10.18 December 31, 2002 Raytheon Aircraft Credit Corporation 10511 East Central Avenue Wichita, Kansas 67206 Ladies and Gentlemen: This letter is delivered pursuant to Section 14(B)(31) of that certain Restructuring Agreement dated as of December 31, 2002 (the "Restructuring Agreement") by and between Raytheon Aircraft Credit Corporation ("RACC") and Great Lakes Aviation, Ltd. ("Great Lakes") and is for the benefit of RACC. The undersigned agrees not to (i) transfer any shares of capital stock of Great Lakes or any options to purchase shares of capital stock of Great Lakes that the undersigned now holds or may hereafter acquire before December 31, 2005 or (ii) purchase any additional shares of capital stock of Great Lakes before December 31, 2005; provided, however, that this letter may be released as provided in Section 14(B)(31) of the Restructuring Agreement. Best regards, - --------------------