This excerpt taken from the NDAQ 8-K filed Apr 28, 2005.
The SLP Entities
Silver Lake Partners II TSA, L.P.
Silver Lake Technology Investors II, L.L.C.
Silver Lake Partners TSA, L.P.
Silver Lake Investors, L.P.
Integral Capital Partners VI, L.P.
VAB Investors, LLC
Glenn H. Hutchins
c/o Silver Lake Partners
2725 Sand Hill Road, Suite 150
Menlo Park, CA 94025
April 22, 2005
The Board of Directors
The Nasdaq Stock Market, Inc.
One Liberty Plaza, New York, NY 10006
Ladies and Gentlemen;
This letter is provided pursuant to Section 5.03 of the Securities Purchase Agreement dated as of the date hereof (the Agreement) between The Nasdaq Stock Market, Inc. (the Company) and Norway Acquisition SPV, LLC.
In the event the Notes (as defined in the Agreement) are redeemed pursuant to Section 3.04 of the Indenture, dated as of the date hereof, between the Company and Law Debenture Trust Company of New York, as Trustee, I, Glenn H. Hutchins, will resign from all positions held by me as a member of the board of directors of the Company (the Board of Directors), effective as of the date the Notes are so redeemed, unless otherwise requested by the Board of Directors.