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EXHIBIT "A" incorporated herein by reference. The Executive shall provide
such services in compliance with the requests of the Company's Board of
Directors, and the Executive shall report the progress of his efforts to
the Board of Directors on a regular basis. Executive shall perform the
services at Zapata's One Riverway offices or such other location(s) as the
Company may reasonably designate, and he shall be an independent consultant
and shall not be deemed for any purpose to be an employee, agent or servant
of the Company or Zapata Protein. The Company shall have no direction or
control of the Executive except in the results to be obtained.
2. Direct Compensation: As compensation for services rendered hereunder, the
Company shall pay the Executive the amounts due pursuant to Paragraph 5.B
of the Employment Agreement commencing on July 15, 1994, in a monthly
amount equal to Fourteen Thousand Five Hundred Eighty-Three and 33/100
Dollars ($14,583.33), until the earlier of: (a) January 15, 1995 or (b) the
sale of all or substantially all of the capital stock or assets of Zapata
Protein.
If the event in subparagraph 2(a) of this Agreement occurs first, the
Company shall pay any remaining amounts owed under Paragraph 5.B of the
Employment Agreement at the rate of Three Hundred Fifty-Eight Thousand Six
Hundred and No/100 Dollars ($358,600.00) per year until the full amount to
which the Executive is entitled under Paragraph 5.B of the Employment
Agreement is paid to the Executive.
If the event in subparagraph 2(b) of this Agreement occurs first, the
Company shall assign all of its rights and obligations under this Agreement
to Zapata Protein and/or its successor; provided, however, that if all or
substantially all of the capital stock or assets of Zapata Protein are sold
to a party with which the Executive has no relationship or interest of any
kind, including, but not limited to, a relationship or interest as an
investor, stockholder, officer or consultant, then the Company shall remain
liable for all remaining amounts payable to the Executive pursuant to
Paragraph 2(c) of this Agreement. Subject to the foregoing, the Executive
and Zapata Protein hereby consent to any such assignment pursuant to this
Agreement, and Zapata Protein agrees to pay or cause to be paid all
remaining amounts due to the Executive under Paragraph 5.B of the
Employment Agreement in the event of such assignment at a rate of One
Hundred Seventy-Five Thousand and No/100 Dollars ($175,000.00) per year
until the full amount to which the Executive is entitled under Paragraph
5.B of the Employment Agreement is paid to the Executive.
In no event shall the amounts payable hereunder pursuant to Paragraph 5.B
of the Employment Agreement be less than or exceed the total amount due
under Paragraph 5.B of the Employment Agreement as of July 15, 1994.
3. Reimbursement of Expenses: The Company shall reimburse the Executive for
all reasonable and necessary expenses he incurs under this Agreement. The
Company shall provide the Executive office space at One Riverway, Houston,
Texas 77056 (or at such other location(s) as the Company may reasonably
designate) and one reserved parking space for the duration
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