Amendment to 1997 Shareholders' Agreement Between Zapata Corporation and Malcolm I. Glazer Family Limited Partnership
This letter agreement, dated November 11, 2002, is between Zapata Corporation and the Malcolm I. Glazer Family Limited Partnership. It confirms that the Glazer Partnership will not participate in Zapata's self-tender offer and does not plan to pursue a going private transaction. The agreement also amends the 1997 Shareholders' Agreement to change its governing law from Delaware to Nevada, while affirming that all other terms remain unchanged and in effect. Any future going private transaction will require special committee approval and a fairness opinion.
Exhibit 10(q)
The Malcolm I. Glazer Family Limited Partnership
639 Isbell Road
Suite # 390
Reno, Nevada 89509
November 11, 2002
Zapata Corporation
100 Meridian Centre, Suite 350
Rochester, New York 14618
Attention: Leonard DiSalvo, Vice President - Finance
Dear Len:
THE MALCOLM I. GLAZER FAMILY LIMITED PARTNERSHIP | ||
By: | Malcolm I. Glazer GP, Inc., General Partner | |
By: | /s/ Malcolm I. Glazer | |
Name: | Malcolm I. Glazer | |
Title: | President | |
/s/ Malcolm I. Glazer | ||
Malcolm I. Glazer |
ZAPATA CORPORATION | ||
By: | /s/ Leonard DiSalvo | |
Name: | Leonard DiSalvo | |
Title: | Vice President - Finance |