Document:

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                                                                 Exhibit 10.2.2

[LOGO OF BALLANTYNE OF OMAHA INC.]

                         [LOGO OF STRONG A DIVISION OF BALLANTYNE OF OMAHA INC.]

                                LETTER AGREEMENT

                                   May 1, 2001

BalCo Holdings, LLC
1125 South 103rd Street
Suite 450
Omaha, NE 68124

     Re: Rights Plan

Ladies and Gentlemen:

     Reference hereby is made to that certain Rights Agreement, dated as of
May 25, 2000, between Ballantyne of Omaha, Inc., a Delaware corporation
("Ballantyne"), and ChaseMellon Shareholder Services, L.L.C., now known as
Mellon Investor Services, LLC, as amended by the First Amendment to Rights
Agreement, dated April 30, 2001 (the "Rights Plan"). The execution and
delivery of this letter (this "Letter Agreement") by Ballantyne and BalCo
Holdings, LLC, a Delaware limited liability company ("BalCo") shall
constitute their acknowledgement, understanding and agreement with respect to
the matters specifically set forth herein, and the parties hereby acknowledge
that the mutual promises set forth herein constitute sufficient, good and
valuable consideration.

     BalCo hereby agrees that it will not sell, assign or otherwise transfer
the shares of stock of Ballantyne purchased by BalCo from GMAC Commercial
Credit LLC f/k/a BNY Financial Corporation (the "Stock") without first
obtaining the written consent of Ballantyne, and Ballantyne hereby agrees
that, upon receiving the consent of Ballantyne, which consent shall not be
unreasonably withheld, BalCo may sell, assign or otherwise transfer the Stock.

     Ballantyne hereby grants to BalCo an option exercisable during the 90
day period immediately following the date hereof, whereby BalCo can request
that the Rights Plan be (i) terminated at BalCo's sole cost and expense (such
expenses to include, without limitation, payment of the redemption price and
legal fees associated with the termination) or (ii) further amended to permit
BalCo to effect a resale of the Stock by it without causing the rights issued
under the Rights Plan to become exercisable; PROVIDED such resale is not made
to a competitor of Ballantyne or such other person or group that Ballantyne
may, in good faith, find objectionable.

     BalCo hereby agrees to pay all of the costs and expenses, including,
without limitation, the costs associated with any redemption required by the
Rights Plan and legal fees, incurred by Ballantyne in connection with the
termination.

                               [LOGO OF BTN NYSE]

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     This Letter Agreement constitutes the entire understanding of the
parties solely with respect to the subject matter specifically addressed
herein, and there are no other contemporaneous or prior agreements, promises,
covenants, obligations or other understandings between the parties with
respect to such subject matter. This Letter Agreement may be executed in any
number of counterparts, each of which shall constitute one original and,
together with all such counterparts, shall constitute one instrument binding
upon the parties hereto.

     Please execute this letter and the enclosed executed original copy of
the same as indicated and return one fully executed Letter Agreement to the
undersigned.

                                       Respectfully,

                                       BALLANTYNE OF OMAHA, INC.

                                       By /s/ John Wilmers
                                         -------------------------------------
                                       Name   John Wilmers
                                           -----------------------------------
                                       Title  President and C.E.O.
                                             ---------------------------------

ACKNOWLEDGED AND AGREED TO:

BALCO HOLDINGS, LLC

By McCarthy Group, Inc., a Nebraska
corporation, its Managing Member

By /s/ Michael R. McCarthy
   --------------------------------
   Michael R. McCarthy, Chairman<PAGE>

                                                                 Exhibit 10.4.3

                              TERMINATION AGREEMENT

     This Termination Agreement is entered into on this 30th day of April, 2001,
by and between Ballantyne of Omaha, Inc., a Delaware corporation, with its
principal place of business located at 4350 McKinley Street, Omaha, Nebraska
68112 (hereinafter "Company") and Brad J. French of 1602 Clark Street, Fort
Calhoun, Nebraska 68023 (hereinafter "Executive").
     WHEREAS, the Company and Executive entered into an Employment Security
Agreement dated the 26th day of October, 1999, and
     WHEREAS, the parties hereto desire to terminate and cancel said Agreement.
     NOW, THEREFORE, in consideration of the mutual covenants and agreements of
the parties hereto, it is agreed by and between the parties as follows:
          1.   That certain Employment Security Agreement entered into between
          the parties on the 26th day of October, 1999, is hereby terminated and
          cancelled effective immediately, and each party is released from any
          and all further obligations thereunder.
          2.   Nothing herein contained shall in any way affect the rights of
          each of the parties under the Employment Agreement entered into on
          May 1, 1998, as amended on October 25, 1999, which shall remain in
          full force and effect.
     DATED at Omaha, Nebraska, this 30th day of April, 2001.

                                            BALLANTYNE OF OMAHA, INC.

                                       By:  /s/ John Wilmers
                                          ------------------------------------
                                          President

                                            /s/ Brad J. French
                                          -----------------------------------
                                          Executive<PAGE>

                                                                 Exhibit 10.4.6
                              TERMINATION AGREEMENT

     This Termination Agreement is entered into on this 30th day of
April, 2001, by and between Ballantyne of Omaha, Inc., a Delaware
corporation, with its principal place of business located at 4350 McKinley
Street, Omaha, Nebraska 68112 (hereinafter "Company") and John P. Wilmers of
17566 Baywood Drive, Omaha, Nebraska 68130 (hereinafter "Executive").
     WHEREAS, the Company and Executive entered into an Employment Security
Agreement dated the 26th day of October, 1999, and
     WHEREAS, the parties hereto desire to terminate and cancel said Agreement.
     NOW, THEREFORE, in consideration of the mutual covenants and agreements of
the parties hereto, it is agreed by and between the parties as follows:
          1.   That certain Employment Security Agreement entered into between
          the parties on the 26th day of October, 1999, is hereby terminated and
          cancelled effective immediately, and each party is released from any
          and all further obligations thereunder.
          2.   Nothing herein contained shall in any way affect the rights of
          each of the parties under the Employment Agreement entered into on
          January 1, 1997, as amended on October 25, 1999, which shall remain in
          full force and effect.
     DATED at Omaha, Nebraska, this 30th day of April, 2001.

                                            BALLANTYNE OF OMAHA, INC.

                                       By:  /s/ John Wilmers
                                          ------------------------------------
                                          President

                                            /s/ John Wilmers
                                          -----------------------------------
                                          Executive<PAGE>

                                                                 Exhibit 10.4.9

                              TERMINATION AGREEMENT

         This Termination Agreement is entered into on this 30th day of
April, 2001, by and between Ballantyne of Omaha, Inc., a Delaware
corporation, with its principal place of business located at 4350 McKinley
Street, Omaha, Nebraska 68112 (hereinafter "Company") and Ray F. Boegner,
1144 South 185th Circle, Omaha, Nebraska 68130 (hereinafter "Executive").
         WHEREAS, the Company and Executive entered into an Employment Security
Agreement dated the 26th day of October, 1999, and
         WHEREAS, the parties hereto desire to terminate and cancel said
Agreement.
         NOW, THEREFORE, in consideration of the mutual covenants and agreements
of the parties hereto, it is agreed by and between the parties as follows:
                  1. That certain Employment Security Agreement entered into
                  between the parties on the 26th day of October, 1999, is
                  hereby terminated and cancelled effective immediately, and
                  each party is released from any and all further obligations
                  thereunder.
                  2. Nothing herein contained shall in any way affect the rights
                  of each of the parties under the Employment Agreement entered
                  into on November 20, 1996, as amended on October 25, 1999,
                  which shall remain in full force and effect.
         DATED at Omaha, Nebraska, this 30th day of April, 2001.

                                            BALLANTYNE OF OMAHA, INC.

                                       By:  /s/  John Wilmers
                                          --------------------------------------
                                          President

                                            /s/  Ray F. Boegner
                                          --------------------------------------
                                          Executive

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