Exhibit 10(w)
[SUPERIOR TELECOM INC. LETTERHEAD]
As of May 1, 1998
The Alpine Group, Inc.
0000 Xxxxxxxx, Xxxxx 0000
Xxx Xxxx, XX 00000-0000
Re: Services Agreement dated as of October 2, 1996 by and between
The Alpine Group, Inc. and Superior Telecom Inc., as amended by
letter agreement dated as of May 1, 1997 (as so amended the "Agreement")
Gentlemen:
This will memorialize our agreement to extend the captioned Agreement for
a term commencing as of the date hereof and expiring April 30, 1999, it being
understood that in consideration for your rendering the services provided for
under the Agreement, the undersigned shall continue to pay to you the annual
$2,717,000 service fee and other reimbursable amounts as payable thereunder
in the manner provided for under the Agreement.
The terms of this extension have been approved by the Audit Committee of
the Board of Directors of Superior Telecom Inc.
As modified hereby the Agreement is hereby expressly ratified and
confirmed.
If the foregoing conforms with your understanding of the agreement reached
between us, kindly execute a copy of this letter so indicating.
Very truly yours,
Agreed to as of the date first
hereinabove set forth SUPERIOR TELECOM INC.
THE ALPINE GROUP, INC.
By: /s/ Bragi X. Xxxxx By: /s/ Xxxxxx X. Xxxxxx
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Bragi X. Xxxxx Xxxxxx X. Xxxxxx
Its: Executive Vice President Its: President and
Chief Executive Officer
