1
EXHIBIT 10.2(B)(d)
THIRD AMENDMENT TO MEDIA NETWORK SERVICES AGREEMENT
This Third Amendment to the Media Network Services Agreement (the
"Third Amendment") is made and entered as of this day 15th of December, 2000, by
and between 7-Eleven, Inc. formerly known as The Southland Corporation
("7-Eleven) and NGN Next Generation Network formerly known as Xxxxxx Media Corp.
and The Xxxxxx Group, Inc. ("NGN").
WHEREAS, 7-Eleven and NGN entered in that certain Media Network
Services Agreement on or about April 18, 1995 (the "Media Agreement") as amended
by the First Amendment dated April 1, 1998 ("First Amendment"), and the second
Amendment dated December 14, 1999 ("Second Amendment") and
WHEREAS, 7-Eleven and NGN desire to amend the Media Agreement a third
time for the purposes set forth below.
NOW, THEREFORE, for and in consideration of the mutual covenants,
promises and conditions contained herein, the parties agree to amend the Media
Agreement as follows:
1. Section 2 - HARDWARE AND HARDWARE INSTALLATION.
The hardware Installation Rollout Schedule referenced in section 2.03
of the Media Agreement ("Installation Schedule") as previously amended by the
First Amendment and the Second Amendment is amended as follows:
Section 2.01 (d) of the Second Amendment is deleted in its
entirety.
Section 2.01 (f) of the Second Amendment is amended to state:
"(f) 7-Eleven agrees to delete and waive the
liquidated damages of $150,000 under section 2 (d) of the Second Amendment
provided that NGN: (i) pays 7-Eleven the Program Fee set forth in section
6.02(a) of the Third Amendment by December 15, 2000.
2. Section 6 - PROGRAM FEE.
Section 6.02(a) of the Second Amendment is amended to state:
(a) For the 2000 Fee Year only, NGN will pay to 7-Eleven on
December 15, 2000, by wire transfer, the amount of $
1,500,000 which represents a partial payment of the
difference between the Program Fees paid and the Annual
Minimum Payment. The balance of all Program Fees for the
2000 Fee Year due to 7-Eleven will be paid by NGN on or
before January 31, 2001. Program Fees for all subsequent
Fee Years will be paid according to the Media Agreement."
2
Except as provided by this Third Amendment, all of the terms and
conditions in the Media Agreement shall remain in fill force and effect and it
constitutes the legal and binding obligations of NGN and 7-Eleven.
The Third Amendment, along with the Media Agreement and First Amendment
and Second Amendment between the parties supersedes all prior agreements or
representations, whether written or oral or through any course of dealing
between the parties.
IN WITNESS WHEREOF, the parties have executed this Third Amendment as of the day
and year first set out above.
7-ELEVEN, INC.
Attest: ____________________ By: _____________________________
Assistant Secretary
Its: ____________________________
NGN NEXT GENERATION NETWORK
By: _______________________________
Its: ______________________________
