EXHIBIT 10.26 FIRST AMENDMENT TO SECURITY AGREEMENT THIS FIRST AMENDMENT TO SECURITY AGREEMENT (this "Amendment"), is made as of January 30, 2003, by and between M&E Advisors L.L.C., as collateral agent for the Secured Parties (in such capacity,...

                                                                   EXHIBIT 10.26

                      FIRST AMENDMENT TO SECURITY AGREEMENT

                  THIS FIRST AMENDMENT TO SECURITY AGREEMENT (this "Amendment"),
is made as of January 30, 2003, by and between M&E Advisors L.L.C., as
collateral agent for the Secured Parties (in such capacity, together with any
successor in such capacity, the "Collateral Agent") and Motient Communications
Inc., a Delaware corporation (the "Pledgor").

                  WHEREAS, Collateral Agent and Pledgor are parties to that
certain Security Agreement dated as of January 27, 2003 (the Security
Agreement"), pursuant to which to Pledgor granted to the Secured Parties a
security interest in the Collateral to secure the full and punctual performance
of the Secured Obligations;

                  WHEREAS, Collateral Agent and Pledgor desire to make certain
modifications to the Security Agreement; and

                  WHEREAS, all capitalized terms used herein and not otherwise
defined herein shall have the meanings ascribed to such terms in the Security
Agreement.

                  NOW, THEREFORE, in consideration of the premises and the
mutual covenants and agreements herein contained, the parties hereto agree as
follows:

                  1. Exhibit B of the Security Agreement is hereby amended by
adding the following:

                           "6. All of Pledgor's right, title and interest in and
         to the cash and/or certificates of deposit in an aggregate amount of up
         to $1,125,000 to be deposited over a twelve (12) month period beginning
         January 2003 with Millennium Bank, N.A. as collateral for one or more
         letters of credit to be issued by Millennium Bank, N.A. in favor of
         Hewlett Packard Financial Services."

                  2. Except as expressly modified hereby, all other terms and
conditions of the Security Agreement shall remain in full force and effect in
accordance with their terms.

                  3. This Amendment may be executed in one or more counterparts,
each of which will be deemed at original and all of which together will
constitute one and the same instrument.



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                  IN WITNESS WHEREOF, each of the parties hereto has caused this
Amendment to be duly executed and delivered in its name and on its behalf, all
as of the day and year first above written.

                               MOTIENT COMMUNICATIONS INC.



                               By:     /s/  Xxxxxxxx X. Xxxxxxx
                               ----------------------------------------
                               Name:      Xxxxxxxx X. Xxxxxxx
                               Title:     V.P. Chief Financial Officer



                               M&E ADVISORS L.L.C., as Collateral
                               Agent

                               By:     /s/ Xxxx Xxxxxx
                               ----------------------------------------
                               Name:   Xxxx Xxxxxx
                               Title:   Investment Advisor