EXHIBIT 10.30
[AXSYS LETTERHEAD]
October 13, 1997
Xxxxxx Electric, Inc.
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Dear Ladies and Gentlemen:
I am writing this letter on behalf of Axsys Technologies, Inc.
(the "Company") to confirm our understanding of the arrangements
between the Company and you regarding certain expenses incurred in
connection with the underwriting described in the Underwriting
Agreement proposed to be entered into by the Company and the
Underwriters, a copy of which is attached hereto. Specifically, you
have agreed to reimburse the Company for 30.3% of the costs, fees and
expenses that it incurs in connection with the underwriting and that
are described in Section 4 of the proposed Underwriting Agreement.
Capitalized terms used in this letter shall have the meanings given to
them in the proposed Underwriting Agreement.
Please indicate your agreement by signing this letter where
indicated below and returning the signed letter to us. An extra copy
is included for your files.
Very truly yours,
AXSYS TECHNOLOGIES, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
Chairman and Chief Executive Officer
XXXXXX ELECTRIC, INC.
By: /s/ Xxxxx X. Xxxxx
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Xxxxx X. Xxxxx
Managing Director
