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LOCK-UP AGREEMENT

Lockup Agreement

LOCK-UP AGREEMENT | Document Parties: COMMUNITY PIONEERS LLC You are currently viewing:
This Lockup Agreement involves

COMMUNITY PIONEERS LLC

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Title: LOCK-UP AGREEMENT
Governing Law: Pennsylvania     Date: 12/28/2006

LOCK-UP AGREEMENT, Parties: community pioneers llc
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EXHIBIT 10.1

COMMUNITY PIONEERS, LLC
Lock-Up Agreement

 

 

Investors of Community Pioneers, LLC

December 18, 2006

in relation to the Initial Public Offering

 

c/o Community Pioneers, LLC

 

987 Valley View Road

 

New Holland, PA 17557

 

(717) 445-4669

 

Re:    Initial Public Offering of Preferred Units and Common Units of Community Pioneers, LLC

Ladies and Gentlemen:

          The undersigned prior to the initial public offering is owner of record or beneficially of certain Convertible Preferred Limited Liability Company Membership Units (“ Preferred Units ”) and/or Common Limited Liability Company Membership Units (“ Common Units ”) of Community Pioneers, LLC (the “ Company ”). The undersigned understands that the purchasers (the “ Investors ”) of the Company’s Preferred Units and/or Common Units in connection with the initial public offering will rely on the representations made hereby by the undersigned in respect to the undersigned’s ownership of Preferred Units and/or Common Units prior to the initial public offering.

          In consideration of the agreement of the Investors to purchase the Company’s Preferred Units and/or Common Units pursuant to the Company’s initial public offering, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees that during the period commencing on the date hereof and continuing to and including two years after the effectiveness of the registration statement filed by the Company (the “ Lock-Up Period ”), the undersigned will not, and will not cause any spouse, any immediate family member of the spouse or the undersigned living in the undersigned’s household or any Affiliate (as hereinafter defined) of the undersigned not to, (i) directly or indirectly, sell, offer, contract or grant any option to sell (including without limitation any short sale), pledge, lend, transfer, establish an open “put equivalent position” within the meaning of Rul


 
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