EXHIBIT (c)(6)
September 25, 1997
Xx. Xxxxx X. Xxxx
Chairman, President and CEO
OHM Corporation
00000 X.X. Xxxxx 000 Xxxx
Xxxxxxx, XX 00000
Xx. Xxxxxxx X. XxXxxx
President and CEO
International Technology Corporation
0000 Xxxxxxx Xxxxxxxxx
Xxxxxxxxxxx, XX 00000
Gentlemen:
In connection with a possible negotiated transaction (the "Transaction")
between OHM Corporation ("OHM") and International Technology Corporation ("ITX")
(each, a "Disclosing Party" or "Recipient," as the case may be), OHM and ITX are
each prepared to disclose to each other certain information which is non-public,
confidential or proprietary in nature ("Evaluation Material").
By execution of this letter agreement (the "Agreement"), each Recipient
agrees to treat all Evaluation Material provided by the Disclosing Party
confidentially (except as otherwise provided herein) and to observe the terms
and conditions set forth herein. For purposes of this Agreement, Evaluation
Material shall include all non-public confidential or proprietary in nature
information, regardless of the form in which it is communicated or maintained
(whether prepared by OHM, ITX or otherwise) that contains or otherwise reflects
information concerning the Disclosing Party that the Recipient or its
Representatives (as defined below) may be provided by or on behalf of the
Disclosing Party or its Representatives in the course of its evaluation of a
possible Transaction. The term "Evaluation Material" shall also include all
reports, analyses, notes or other information that are based on, contain or
reflect any Evaluation Material ("Notes"). The terms and conditions of this
Agreement shall not apply to those portions of the Evaluation Material that (i)
become generally available to the public other than as result of a disclosure by
the Recipient or any of its Representatives, (ii) were available to the
Recipient on a non-confidential basis prior to the disclosure of such Evaluation
Material to the Recipient pursuant to this Agreement, provided that the source
of such information was not known by the Recipient or any of its
Representatives, to be bound by a confidentiality agreement with or other
contractual, legal or fiduciary obligation of confidentiality to the Disclosing
Party or any of its affiliates with respect to such material or (iii) become
available on a non-confidential basis from a source other than the Disclosing
Party or its agents, advisors or representatives provided that the source of
such information was not known by the Recipient or any of its Representatives,
after inquiry, to be bound by a confidentiality agreement with or other
contractual, legal or fiduciary obligation of confidentiality to the Disclosing
Party or any of its affiliates with respect to such material.
Page 2 September 25, 1997
The Recipient agrees that it will not use the Evaluation Material for
any purpose other than determining whether it wishes to enter into a
Transaction. The Recipient agrees not to disclose or allow disclosure to others
of any Evaluation Material; except that the Recipient may disclose Evaluation
Material to its directors, officers, employees, partners, affiliates, agents,
advisors or representatives (hereinafter, "Representatives") to the extent
necessary to permit such Representatives to assist in making the determination
referred to in the prior sentence, provided, however, that the Recipient shall
inform its Representatives of the confidential nature of the Evaluation
Material. The Recipient's obligation of confidentiality and non-use hereunder
shall expire 24 months after the last receipt of Evaluation Material.
In addition, the Recipient will not make any disclosure that it is
having or has had discussions concerning a Transaction, that it has received
Evaluation Material or that it is considering a possible Transaction; provided
that the Recipient may make such disclosure if it has received the opinion of
counsel that such disclosure must be made in order that the Recipient not commit
a violation of law and, prior to such disclosure, it promptly advises and
consults with the Disclosing Party and its legal counsel concerning the
information proposed to be disclosed.
Although the Disclosing Party has endeavored to include in the
Evaluation Material information known to it which it believes to be relevant for
the purpose set forth herein, neither of the Disclosing Parties nor any of their
respective affiliates, agents, advisors or representatives (i) have made or make
any representation or warranty, expressed or implied, as to the accuracy or
completeness of the Evaluation Material or (ii) shall have any liability
whatsoever to the Recipient or its Representatives relating to or resulting from
the use of the Evaluation Material or any errors therein or omissions therefrom.
Furthermore, the Disclosing Party shall not be obligated to provide any
information concerning pricing, cost or bidding, which in such party's or its
counsel's opinion may involve or lead to involvement in violations of antitrust
or procurement laws.
In the event that the Recipient or anyone to whom the Recipient
transmits any Evaluation Material in accordance with this Agreement is requested
or required (by deposition, interrogatories, requests for information or
documents in legal proceedings, subpoenas, civil investigative demand or similar
process), in connection with any proceeding, to disclose any Evaluation
Material, the Recipient will give the Disclosing Party prompt written notice of
such request or requirement so that the Disclosing Party may seek an appropriate
protective order or other remedy and/or waive compliance with the provisions of
this Agreement, and the Recipient will cooperate with the Disclosing Party to
obtain such protective order. In the event that such protective order or other
remedy is not obtained or the Disclosing Party waives compliance with the
relevant provisions of this Agreement, the Recipient (or such other persons to
whom such request is directed) will furnish only that portion of the Evaluation
Material which, in the opinion of counsel, is legally required to be disclosed
and, upon the Disclosing Party's request, use best efforts to obtain assurances
that confidential treatment will be accorded to such information.
If the Recipient decides that it does not wish to explore a possible
Transaction, it will promptly notify Disclosing Party of that decision. In that
case, or if the Disclosing Party shall elect at any time to terminate further
access to the Evaluation Material for any reason, if the Disclosing Party
requests in writing, the Recipient will promptly redeliver to the Disclosing
Party all copies of
Page 3 September 25, 1997
the Evaluation Material and destroy all Notes. Notwithstanding the return or
destruction of Evaluation Material and Notes, the Recipient and its
Representatives will continue to be bound by its obligations of confidentiality
and other obligations hereunder.
The Recipient understands that the Disclosing Party shall have the right
to reject or accept any proposal by the Recipient, for any reason whatsoever, in
its sole discretion and neither the Disclosing Party nor any of its
Representatives shall have any claims whatsoever against the other Disclosing
Party or any of their respective directors, officers, stockholders, owners,
affiliates or agents arising out of or relating to the Transaction (other than
those against the parties to a definitive agreement in accordance with the terms
thereof). Each party hereto agrees that unless and until a definitive agreement
between OHM and ITX with respect to any Transaction has been executed and
delivered, neither party will be under any legal obligation of any kind
whatsoever with respect to such Transaction.
Each Recipient agrees that money damages would not be a sufficient
remedy for any breach of this Agreement by it or its Representatives, that in
addition to all other remedies, the Disclosing Party shall be entitled to
specific performance and injunctive or other equitable relief as a remedy for
any such breach, and the Recipient further agrees to waive, and to use its best
efforts to cause its Representatives to waive, any requirement for the securing
or posting of any bond in connection with such remedy. In the event of
litigation relating to this letter agreement, if a court of competent
jurisdiction determines that the Recipient or any of its Representatives have
breached this letter agreement, the Recipient shall be liable and pay to the
Disclosing Party the reasonable legal fees incurred by the Disclosing Party and
its Representatives in connection with such litigation, including any appeal
therefrom.
All modifications of, waivers of and amendments to this Agreement or any
part hereof must be in writing signed on behalf of each Disclosing Party. You
acknowledge that each Disclosing Party is intended to be benefited by this
Agreement and that each Disclosing Party shall be entitled to enforce this
Agreement and to obtain for itself the benefit of any remedies that may be
available for the breach hereof.
It is further understood and agreed that no failure or delay by either
Disclosing Party in exercising any right, power or privilege under this
Agreement shall operate as a waiver thereof nor shall any single or partial
exercise thereof preclude any other or further exercise of any right, power or
privilege hereunder.
Each of OHM and ITX hereby irrevocably and unconditionally submit to the
exclusive jurisdiction of any State or Federal court sitting in New York City
over any suit, action or proceeding arising out of or relating to this letter.
Each hereby agrees that service of any process, summons, notice or document by
U.S. registered mail addressed to either party shall be effective service of
process for any action, suit or proceeding brought against you in any such
court. Each party hereby irrevocably and unconditionally waives any objection to
the laying of venue of any such suit, action or proceeding brought in any such
court and any claim that any such suit, action or proceeding brought in any such
court has been brought in an inconvenient forum. Each party agrees that a final
judgment in any such suit, action or proceeding brought in any such court shall
be
Page 4 September 25, 1997
conclusive and binding upon either party and may be enforced in any court to
whose jurisdiction either party is or may be subject, by suit upon such
judgment.
In the event that any provision or portion of this letter is determined
to be invalid or unenforceable for any reason, in whole or in part, the
remaining provisions of this letter shall be unaffected thereby and shall remain
in full force and effect to the fullest extent permitted by applicable law.
This Agreement shall be governed by, and construed and enforced in
accordance with, the laws of the State of New York.
If you are in agreement with the foregoing, please so indicate by
signing, dating and returning one copy of this Agreement, which will constitute
our agreement with respect to the matters set forth herein.
Agreed and accepted:
OHM Corporation International Technology Corporation
By: /s/ By: /s/ Xxxxxxx X. Xx Xxxxx
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Title: VP Comp Director Title: CEO
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Date: 10/10/97 Date: Oct. 1, 1997
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