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Exhibit 10.1
90 DAY LOCK-UP AGREEMENT
August 21, 1997
INTERMET CORPORATION
XXXXXXXXX, XXXXXX & XXXXXXXX
SECURITIES CORPORATION
PRUDENTIAL SECURITIES CORPORATION
INTERSTATE/XXXXXXX LANE CORPORATION
As Representatives of the
Several Underwriters
c/x Xxxxxxxxx, Xxxxxx & Xxxxxxxx
Securities Corporation
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Sirs:
The undersigned understands that Xxxxxxxxx, Lufkin & Xxxxxxxx Securities
Corporation, Prudential Securities Incorporated and Interstate/Xxxxxxx Lane
Corporation (the "Representatives") of the several underwriters (the
"Underwriters"), propose to enter into an Underwriting Agreement with Intermet
Corporation (the "Company") and certain stockholders of the Company (the
"Selling Stockholders"), providing for the public offering by the Underwriters,
including the Representatives, of common stock, $0.10 par value per share (the
"Common Stock") of the Company (the "Public Offering").
In consideration of the Underwriters' agreement to purchase and undertake
the Public Offering of the Company's Common Stock and for other good and
valuable consideration, receipt of which is hereby acknowledged, the
undersigned agrees not to, directly or indirectly, offer, sell, contract to
sell, grant any option to purchase or otherwise dispose of any Common Stock or
any securities convertible into or exercisable or exchangeable for such Common
Stock or, in any manner, transfer all or a portion of the Common Stock, without
the prior written consent of Xxxxxxxxx, Xxxxxx & Xxxxxxxx Securities
Corporation, for a period of 90 days after the commencement of the Public
Offering, except (i) to the Underwriters pursuant to the Underwriting
Agreement, (ii) shares of Common Stock disposed of as bona fide gifts, and
(iii) shares of Common Stock transferred pursuant to will, the laws of descent
and distribution, or to decree of divorce; provided, however, that any shares
of Common Stock transferred pursuant to items (ii) and (iii) of this letter
shall be subject to the same 90-day restriction set forth in this letter and
prior to such transfer the transferor thereof shall deliver to the
Representatives the
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written acknowledgment of the transferee that it has
received such shares of Common Stock subject to such restrictions.
The undersigned hereby represents and warrants that the undersigned has
full power and authority to enter into this letter agreement, and that, upon
request, the undersigned will execute any additional documents necessary or
desirable in connection with the enforcement hereof. All authority herein
conferred or agreed to be conferred shall survive the death or incapacity of
the undersigned and any obligations of the undersigned shall be binding upon
the heirs, personal representatives, successors, and assigns of the
undersigned.
Very truly yours,
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(Signature)
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(Name - Please Type)
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(Address)
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(Social Security or Taxpayer No.)
