EXHIBIT 10.15
TRANSPONDER LICENSES AGREEMENT
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THIS TRANSPONDER LICENSES AGREEMENT is made and entered effective as
of the 1st day of January, 1995, by and between Xxxxx Satellite Holdings, Inc.,
("Satellite Holdings"), Xxxxx Galactic Radio, Inc. ("JGR") and Mind Extension
University, Inc. ("ME/U").
RECITALS
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A. Satellite Holdings has entered into that certain G-5 Satellite
Transponder Service Agreement dated August 30, 1989, between Xxxxxx
Communications Galaxy, Inc. ("Xxxxxx") and itself (the "Transponder Agreement").
B. Pursuant to the Transponder Agreement, Satellite Holdings is
entitled to use Transponder No. 21, on domestic communications satellite G-5
(the "Transponder") on a full-time basis.
C. JGR and ME/U require use of the Transponder and Satellite
Holdings desires to accommodate such usage, all according to the terms and
conditions of this Agreement.
D. JGR and ME/U are hereafter referred to as the "Networks".
AGREEMENT
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In consideration of the foregoing and the mutual covenants and
agreements set forth herein, the parties hereby agree as follows:
1. Licenses. Satellite Holdings hereby grants to each of the
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Networks a license to use the Transponder on the terms and conditions set forth
in this Agreement. No Network shall have the right to preempt any other
Network.
2 Term. This Agreement shall commence on the effective date hereof
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and shall continue, unless otherwise terminated by Space Segment, through May 7,
2004.
3 Payments. Space Segment shall receive from each full-time
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Network the amount listed in Schedule A each month during the term of this
Agreement as a license fee. Partial months shall be pro-rated.
4. Termination. This Agreement may be terminated as to a Network at
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any time by Satellite Holdings by giving such Network at least thirty (30) days
prior written notice of its desire to terminate this Agreement; provided,
however, that Satellite Holdings agrees not to exercise its right to terminate
this Agreement in such a manner as to cause substantial disruption to uses
already scheduled to be made of the Transponder. In addition, this Agreement
may be terminated at any time by Satellite Holdings in the event that Xxxxxx
terminates its consent to the use of the Transponder as provided herein.
5. Representations. The Networks agree not to use the Transponder
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for any unlawful purpose, to at all times comply with applicable laws and
regulations relating to its use of the Transponder, and to comply with and be
bound by the terms and conditions of the Transponder Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first written above.
XXXXX SATELLITE HOLDINGS, INC.,
a Colorado corporation
By: /s/ Xxxxx X. Xxxxx
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XXXXX GALACTIC RADIO, INC.,
a Colorado corporation
By: /s/ Xxxxxxx X. Xxxxxx
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MIND EXTENSION UNIVERSITY, INC.
a Colorado corporation
By: /s/ Xxxxxxx X. Xxxxxx
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XXXXX SATELLITE HOLDINGS, INC.
SCHEDULE A
Monthly Amount Due From
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Calender Annual Monthly
Year Amount Amount JGR MEU
---- ------ ------ --- ---
1995 2,785,200 232,100 58,025 174,075
1996 2,785,200 232,100 58,025 174,075
1997 2,785,200 232,100 58,025 174,075
1998 2,785,200 232,100 58,025 174,075
1999 2,785,200 232,100 58,025 174,075
2000 2,785,200 232,100 58,025 174,075
2001 2,785,200 232,100 58,025 174,075
2002 2,785,200 232,100 58,025 174,075
2003 2,785,200 232,100 58,025 174,075
2004 928,400 77,367 19,342 58,025
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