ZelnickMedia Corporation New York, New York 10019
EXHIBIT
99.2.1
ZelnickMedia
Corporation
000
0xx Xxxxxx
Xxx
Xxxx, Xxx Xxxx 00000
Ladies
and Gentlemen:
In
connection with the agreement dated as of March 4, 2007 (the “Agreement”) by and
among ZelnickMedia Corporation (“ZelnickMedia”) and each of the undersigned
(each an “Interested Party” and collectively, the “Interested Parties”), with
respect to proposed changes in the board of directors of Take-Two Interactive
Software, Inc. (“Take-Two”) and the engagement of ZelnickMedia to provide
financial and management consulting services to Take-Two, each of the Interested
Parties severally agrees as of March 23, 2007 with ZelnickMedia to the amendment
of the Agreement (this “Amendment”) as follows:
1. Definitions.
Capitalized terms used herein and not defined upon first usage shall have the
meanings assigned such terms in the Agreement.
2. Amendment.
(a) In
the
paragraph immediately following Section 1(b) of the Agreement, the definition
of
“Meeting” shall be amended to read “that certain meeting of the stockholders of
Take-Two currently contemplated to be held on March 29, 2007, and any
adjournments or postponements thereof.”
(b) A
new
paragraph (d) is appended to the end of Section 2 of the Agreement as
follows:
“(d) execute
and deliver, on behalf of itself and its Affiliated Current Shareholders, as
promptly as practicable after the Meeting, two written consents of stockholders,
for the purpose of acting without a meeting, without prior notice and without
a
vote, in accordance with the certificate of incorporation and by-laws of
Take-Two, on the terms and subject to the conditions described in, and
substantially in the form attached to, the Group Schedule 13D as on file at
the
time of the Meeting.”
(c) The
word
“and” is deleted from the end of paragraph (b) of Section 2 of the
Agreement.
(d) The
word
“; and” is added to the end of paragraph (c) of Section 2 of the
Agreement.
(e) In
clause
(x) of the first sentence of Section 9 of the Agreement, the date “March 28,
2007” shall be deleted and the date “April 2, 2007” shall be
inserted.
3. Effect
on Remainder of Agreement.
Except
to
the extent modified in this Amendment, all of the terms and conditions of the
Agreement remain in full force and effect.
4. Counterparts.
This
Amendment may be executed and delivered by each party hereto in separate
counterparts, each of which when so executed and delivered shall be deemed
an
original and both of which taken together shall constitute one and the same
agreement.
*
* * *
*
IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered on the date and year first above written.
ZELNICKMEDIA CORPORATION | ||||
By: | /s/ XXX XXXXX | |||
Name:
Xxx Xxxxx
Title:
Vice President
|
INTERESTED
PARTY
OPPENHEIMERFUNDS, INC.* | ||||
By: | /s/ XXXXXXXXXXX XXXXX | |||
Name:
Xxxxxxxxxxx Xxxxx
Title:
Senior Vice President
|
*In
addition to shares of Common Stock reported by OppenheimerFunds, Inc. in the
Agreement as on loan or otherwise unavailable to vote, as of February 26, 2007,
OppenheimerFunds, Inc. advisory clients with whom OppenheimerFunds, Inc. shared
the power to vote or direct the vote had 3,117,020 shares on loan.
INTERESTED
PARTY
X. X. XXXX VALENCE PORTFOLIOS,
L.L.C.
By:
X. X. Xxxx & Co., L.P., as managing
member
|
||||
By: | /s/ XXXX XXXXXX | |||
Name:
Xxxx Xxxxxx
Title:
Managing Director
|
INTERESTED
PARTY
S.A.C.
CAPITAL ADVISORS, LLC
|
||||
By: | /s/ XXXXX XXXXXXXX | |||
Name:
Xxxxx Xxxxxxxx
Title:
Authorized Signatory
|
INTERESTED
PARTY
TUDOR
INVESTMENT CORPORATION
|
||||
By: | /s/ XXXXXX X. XXXX | |||
Name:
Xxxxxx X. Xxxx
Title:
Managing Director and General Counsel
|