Exhibit 10.24
-------------
AMENDMENT NO. 11
TO THE
DIRECT BROADCASTING SATELLITE CONTRACT
BETWEEN
UNITED STATES SATELLITE BROADCASTING COMPANY, INC. (USSB)
AND
LOCKHEED XXXXXX CORPORATION
THROUGH
LOCKHEED XXXXXX ASTRO SPACE COMMERCIAL (ASTRO)
This Amendment is effective 30 September 1996.
WHEREAS, USSB has requested ASTRO to conduct additional studies requiring an
extension to the System Definition Phase and a resultant rescheduling of the
Construction Phase Commencement (CPC), and
WHEREAS, ASTRO is willing to perform the additional studies and to grant an
extension and resultant rescheduling of the CPC in accordance with the changes
made herein, and
WHEREAS, the Parties recognize and agree that, prior to the CPC, further changes
to this Contract will be required, including the change to a model of ASTRO's
Series A2100 satellite and changes to terms, conditions, delivery schedules,
prices, payments and the Exhibits.
NOW THEREFORE, in consideration of the promises and mutual convenants
hereinafter contained, the parties agree to the following:
I. In paragraph II TERMS, of Amendment No. 10, change the date satellite
construction shall commence to 1 December 1996 unless USSB notifies ASTRO
of its intent not to proceed no later than 1 December 1996.
II. 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 13, specified in Amendment No. 10, will be deferred for two
months due to the time required: (1) for ASTRO to perform the studies of
the alternatives outlined in USSB's letter dated September 16, 1996, (2)
for USSB to analyze the information provided by ASTRO and to determine the
manner it decides to proceed, and (3) for the Parties to further modify
this Contract to incorporate the changes required to accommodate USSB's
decision, including changes to a model of ASTRO's A2100 satellite, the
prices, payment schedule, delivery schedule, terms, conditions, and the
Contract's Exhibits prior to CPC.
III. In consideration of the extension to this Contract and for ASTRO's
performance of the studies of the alternatives specified in paragraph
II, above, USSB agrees to pay ASTRO the sum of US$50,000.00 on
18 October 1996.
IV. Except as modified herein, all terms and conditions of this Contract shall
be valid and in effect as specified through Amendment No. 10.
IN WITNESS THEREOF, the Parties have caused this Amendment No. 11 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
-------------------------- --------------------------------
X.X. Xxxxx, Manager Xxxxxx X. Xxxxxxx
Contracts, East Windsor Operations Executive Vice President
Lockheed Xxxxxx Astro Space
Commercial
