Exhibit 10.26
AMENDMENT NO. 13
TO THE
DIRECT BROADCAST SATELLITE CONTRACT ("CONTRACT")
DATED JUNE 15, 0000
XXXXXXX
XXXXXX XXXXXX SATELLITE BROADCASTING COMPANY, INC. ("USSB")
AND
LOCKHEED XXXXXX CORPORATION
THIS AMENDMENT NO. 13 is effective December 31, 1996.
WHEREAS, USSB has decided to proceed with the Construction Phase Commencement
("CPC") for the three (3) channel spacecraft described in Exhibit A1 of the
Contract under a separate contract with Lockheed Xxxxxx Corporation (hereinafter
referred to as "Contractor"); and
WHEREAS, USSB has agreed to purchase the three (3) channel spacecraft described
in Exhibit A1 of the Contract under the separate contract; and
WHEREAS, USSB requires additional time to evaluate its alternatives with regard
to the 8 channel spacecraft described in Exhibit A2 of the Contract and requests
an extension of the System Definition Phase before authorizing Contractor to
begin CPC of the eight (8) channel spacecraft; and
WHEREAS, Contractor is willing to grant such an extension and reschedule the CPC
for the remaining eight (8) channel spacecraft in accordance with the changes
made herein.
NOW THEREFORE, in consideration of the promises and mutual covenants hereinafter
contained, USSB and Contractor (hereinafter referred to as "Parties") agree to
the following:
I. All references to the three (3) channel spacecraft, including Exhibit A1,
are deleted from this Contract.
II. Change the date of Spacecraft CPC and the date USSB must notify
Contractor of its intent not to proceed to December 31, 1997.
III. All other dates specified in the Contract's ARTICLE 3. DELIVERABLE ITEMS
AND DELIVERY SCHEDULE and ARTICLE 4. PAYMENT, beginning with the CPC
payment number thirteen (13), are delayed twelve (12) months from the
date specified in Amendment 12. Thus, payment number thirteen (13) is
due on December 31, 1997; and payment number fourteen (14) is due on
January 31, 1998, and so forth, through payment number 56.
IV. Prior to CPC for the eight (8) channel spacecraft, the Parties agree to
modify the Articles and Exhibits of this Contract. Such modifications
shall, at a minimum, include revising Exhibit A2 to specify Contractors
Series A2100 spacecraft as well as appropriate adjustments to the
delivery schedule, price, and progress payment plan. In the event that
the Parties do not agree to such modifications as evidenced by a written
amendment to this Contract by the date of CPC, but in no event later than
December 31, 1997, this Contract shall be considered terminated for the
convenience of USSB in accordance with Article 15. Neither Party shall
have any other obligations to the other Party and all payments made by
USSB to Contractor shall be retained in their entirety by Contractor.
V. IN WITNESS THEREOF, the Parties have caused this Amendment No. 13 to be
signed by their duly authorized officer or representative.
Lockheed Xxxxxx Corporation United States Satellite
Broadcasting Company, Inc.
By: /s/ X.X. Xxxxx By: /s/ Xxxxxx X. Xxxxxxx
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X.X. Xxxxx, Manager Xxxxxx X. Xxxxxxx
Contracts, East Windsor Operations Executive Vice President
Lockheed Xxxxxx Telecommunications