February 17,1999
MAI Technologies, Inc.
000 Xxx Xxxx Xxxxxx
Xxxxxxxxxx, Xxx Xxxx 00000
Dear Ladies and Gentlemen:
Reference is made to the Agreement and Plan of Merger, dated as of August
26, 1998 (the "Merger Agreement"), among DRS Technologies, Inc., a Delaware
corporation ("DRS"), DRS Merger Sub, Inc., a New York corporation ("Merger
Sub"), and NAI Technologies, Inc. ("NAI"), as amended by the letter agreement,
dated December 22, 1998, and the letter agreement dated January 21, 1999, among
DRS, Merger Sub and NAI. Initially capitalized terms used herein without
definition shall have the meanings assigned to them in the Merger Agreement.
DRS, Merger Sub and NAI wish to extend the date for the consummation of the
Merger from February 17, 1999 to February 22, 1999. Accordingly, DRS, Merger Sub
and NAI each hereby agrees that the Merger Agreement be and hereby is amended as
follows:
1. Section 10.1(b)(i) of the Merger Agreement is hereby amended so that the
reference to "February 17, 1999" appearing in the first sentence of clause
(i) is replaced with "February 22, 1999"; and
2. Section 10.2(c) of the Merger Agreement is hereby amended so that the
reference to "February 17, 1999" appearing in clause (i) of the proviso at
the end of subsection (c) is replaced with "February 22, 1999."
Except as specifically amended hereby, the Merger Agreement shall, in all
respects, remain in full force and effect.
NAI Technologies, Inc.
February 17, 1999
Page 2
Please sign where noted below to confirm the foregoing agreement.
Very Truly Yours,
DRS TECHNOLOGIES, INC.
By: /s/ XXXX X. XXXX
---------------------------------
Name: Xxxx X. Xxxx, Esq.
Title: Executive Vice President and
General Counsel
ACCEPTED AND AGREED:
NAI TECHNOLOGIES, INC. DRS MERGER SUB, INC.
By: /s/ XXXXXXX X. XXXXXXXXX By: /s/ XXXX XXXXXXXX XXXX
------------------------- ---------------------------------
Name: Xxxxxxx X. Xxxxxxxxx Name: Xxxx Xxxxxxxx Xxxx
Title: Executive Vice President, Title: Vice President & Secretary
Chief Financial Officer,
Secretary & Treasurer