EX-99.C.IX 9 h68067a2exv99wcwix.htm EX-99.(C)(IX) exv99wcwix
Exhibit (c)(ix)
     
(MAXXAM LOGO)
 
 
 
1330 Post Oak Boulevard, Suite 2000
 
  Houston, Texas 77056-3058
 
  713-975-7600
September 24, 2009
WoodRock & Co.
Attention: John P. Dennis, III
4265 San Felipe, Suite 600
Houston, Texas 77027
Gentlemen:
     We refer to the Presentation dated August 19, 2009, and the Fairness Opinion dated August 24, 2009, of WoodRock & Co. (“WoodRock”) delivered to the Board of Directors of MAXXAM Inc. (“MAXXAM”). Please execute and return a counterpart of this letter to confirm our agreement that:
    the use of the term “solely” in the first sentence on page 3 of the Presentation was an error, made inadvertently, and that page 3 of the Presentation is hereby revised to delete the word “solely”; and
 
    the stockholders of MAXXAM Inc. are entitled to rely upon the Presentation, as well as the Fairness Opinion, of WoodRock in the same manner and to the same extent as members of the Board of Directors of MAXXAM Inc.
     Thank you for your prompt reply.
         
  Yours very truly,

MAXXAM Inc.

 
 
  By:   /s/ M. Emily Madison    
    M. Emily Madison, Vice President Finance   
       
 
Confirmed and Agreed
         
WoodRock & Co.

 
   
By:    /s/ John P. Dennis, III    
  John P. Dennis, III     
  Principal, Managing Director     
 
Date: 24 September 2009        

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