OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC
Exhibit 1.2
OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC
November , 2007
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated
Xxxxxxx Xxxxx World Headquarters
4 World Financial Center
New York, New York 10080
| Re: | Och-Ziff Capital Management Group LLC Reserved Share Program |
Ladies and Gentlemen:
Reference is made to the Underwriting Agreement dated November , 2007 (the “Underwriting Agreement”) between Och-Ziff Capital Management Group LLC (the “Company”) and the Underwriters listed in Schedule I to the Underwriting Agreement. All capitalized terms used but not otherwise defined herein shall have the meanings given them in the Underwriting Agreement.
As part of the offerings contemplated by the Underwriting Agreement, Xxxxxxx Lynch, Xxxxxx, Xxxxxx & Xxxxx Incorporated (“Xxxxxxx Xxxxx”) has agreed to reserve out of the shares of the Company’s Class A Shares (“Shares”), set forth opposite its name on Schedule I to the Underwriting Agreement, up to 3% of the Shares for sale to persons designated by the Company (“Invitees”), as set forth in the Prospectus under the heading “Underwriting” (the “Reserved Share Program”). The Shares to be sold by Xxxxxxx Xxxxx pursuant to the Reserved Share Program (the “Reserved Shares”) will be sold by Xxxxxxx Xxxxx pursuant to the Underwriting Agreement at the public offering price. Any Reserved Shares not orally confirmed for purchase by such Invitees by the end of the first business day after the date of the Underwriting Agreement will be offered directly to the public by Xxxxxxx Xxxxx as set forth in the Prospectus.
In order to induce Xxxxxxx Xxxxx to conduct the Reserved Share Program, and in addition to and without limiting the representations, warranties, covenants and agreements of the Company contained in the Underwriting Agreement, the Company hereby agrees with Xxxxxxx Xxxxx as follows:
1. The Company represents and warrants to Xxxxxxx Xxxxx that (i) the Registration Statement, the Prospectus and any preliminary prospectus as amended or supplemented, if applicable, and as supplemented by any prospectus wrapper or other material prepared for distribution to Invitees in connection with the offering of Reserved Shares comply, and any further amendments or supplements thereto will comply, in all material respects with any applicable laws or regulations of jurisdictions outside the United States in which the Registration Statement, Prospectus or any preliminary
prospectus, as amended or supplemented, if applicable, and as supplemented by any prospectus wrapper or other material prepared for distribution to Invitees in connection with the offering of Reserved Shares, are distributed in connection with the Reserved Share Program, and that (ii) no authorization, approval, consent, license, order, registration or qualification of or with any government, governmental instrumentality or court, other than such as have been obtained, is necessary under the securities laws and regulations of foreign jurisdictions in which the Reserved Shares are offered or sold outside the United States in connection with the Reserved Share Program, assuming that materials relating to the Reserved Share Program have been distributed outside the United States as discussed in conversations, if any, between the Company and Xxxxxxx Xxxxx prior to the date of the Pricing Prospectus.
2. The Company covenants with Xxxxxxx Xxxxx that the Company will comply with all applicable securities and other applicable laws, rules and regulations in each jurisdiction outside the United States in which the Reserved Shares are offered or sold in connection with the Reserved Share Program, assuming that materials relating to the Reserved Share Program have been distributed outside the United States as discussed in conversations, if any, between the Company and Xxxxxxx Xxxxx prior to the date of the Pricing Prospectus.
3. The Company will pay all reasonable costs and expenses of the Underwriters, including the reasonable fees and expenses of Xxxxxxx Xxxxx’x counsel, in connection with matters related to the Reserved Share Program and all stamp duties, similar taxes or duties or other taxes, if any, incurred by the Underwriters in connection with the Reserved Share Program.
4. In connection with the offer and sale of the Reserved Shares, the Company agrees to indemnify and hold harmless the Underwriters, their affiliates and selling agents and each person, if any, who controls any Underwriter within the meaning of either Section 15 of the Act or Section 20 of the Exchange Act, from and against any and all loss, liability, claim, damage and expense (including, without limitation, any legal or other expenses reasonably incurred in connection with defending, investigating or settling any such action or claim), as incurred, (i) arising out of the violation of any applicable laws or regulations of jurisdictions outside the United States where Reserved Shares have been offered; (ii) arising out of any untrue statement or alleged untrue statement of a material fact contained in any prospectus wrapper or other material prepared by or with the consent of the Company for distribution to Invitees in connection with the offering of the Reserved Shares or caused by any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading; (iii) caused by the failure of any Invitee to pay for and accept delivery of Reserved Shares which have been orally confirmed for purchase by any Invitee by the end of the first business day after the date of the Underwriting Agreement; or (iv) related to, or arising out of or in connection with, the offering of the Reserved Shares; except that no indemnity shall be available under this paragraph 4 to any
indemnified party if such loss, liability, claim, damage or expense shall have been finally judicially determined to have been caused by the gross negligence or willful misconduct of the indemnified party.
5. The Company has not offered, or caused the Representatives to offer, Reserved Shares to any person with the specific intent to unlawfully influence (i) a customer or supplier of the Company or any of its affiliates to alter the customer’s or supplier’s level or type of business with any such entity or (ii) a trade journalist or publication to write or publish favorable information about the Company or any of its affiliates, or their respective businesses or products.
6. This Agreement is for the benefit of Xxxxxxx Xxxxx and each of the Underwriters and is enforceable to the same extent as if fully set forth in the Underwriting Agreement.
7. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SAID STATE.
8. This Agreement may be executed in one or more counterparts and, when a counterpart has been executed by each party, all such counterparts taken together shall constitute one and the same agreement.
| Very truly yours, | ||
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| Accepted as of the date hereof: | ||
| Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated | ||
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