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EXHIBIT 10.44
August 8, 1997
The O'Gara Company
0000 XxXxxxx Xxxxx
Xxxxxxxxx, Xxxx 00000
Attn: Xxxxxx X. X'Xxxx
Chairman
Dear Xx. X'Xxxx:
This letter agreement is delivered in connection with the execution and
delivery on today's date of that certain Plan and Agreement to Merge among the
O'Gara Company ("O'Gara"), VDE, INC., ("NEWCO"), Kroll Holdings, Inc. ("KHI")
and Xxxxx Xxxxx ("Kroll") (the "Merger Agreement"). Capitalized terms used but
not defined herein shall have the same meanings assigned to them in the Merger
Agreement.
In order to induce O'Gara and NEWCO to enter into the Merger Agreement,
American International Group, Inc. ("AIG") hereby agrees to be present (in
person or by proxy) at the meeting of the shareholders of KHI to be held
pursuant to Article XI of the Merger Agreement, and to vote or cause to be voted
at such meeting all shares of KHI Capital Stock owned by AIG and all other
shares of KHI Capital Stock the voting of which is controlled by AIG
("collectively, the "AIG Shares") in favor of approval and adoption of the
Merger Agreement and the consummation of the Merger, provided that the foregoing
obligations shall be subject to execution by the Company and AIG of a
registration rights agreement providing for one demand registration and
unlimited piggyback registrations for AIG at the cost and expense of O'Gara
(other than underwriting discounts, if any) for a period of three (3) years from
the Effective Time of the Merger, customary limitations with respect to
underwriter cutbacks, pending announcements or transactions involving the issuer
and other such matters and such other terms and conditions as are customary and
reasonably acceptable to the parties, and further subject to one nominee of AIG
being recommended by the Board of Directors of O'Gara for appointment to the
Board of Directors of O'Gara as of the Effective Time of the Merger.
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The O'Gara Company
August 8, 1997
Page 2
In addition, AIG agrees not to sell, transfer, convey, assign, pledge,
hypothecate or otherwise dispose of any of the AIG Shares, or the right to vote
the AIG Shares, to or for the benefit of any Person prior to the sooner of (x)
the termination of the Merger Agreement and (y) the Effective Time of the
Merger, unless any such transferee agrees to be bound by this Agreement.
Sincerely yours,
AMERICAN INTERNATIONAL GROUP, INC.
By: ______________________________
Name: ____________________________
Title: ___________________________
By: ______________________________
Name: ____________________________
Title: ___________________________
