Exhibit 10.35
Amendment No. 2 to the
Administrative Services Agreement
by and between
United States Satellite Broadcasting Company, Inc. and
Xxxxxxx Broadcasting, Inc.
This Amendment No. 2 is entered into effective December 10, 1998.
WHEREAS, United States Satellite Broadcasting Company, Inc. ("USSB") and
Xxxxxxx Broadcasting, Inc. ("HBI") are parties to an Administrative Services
Agreement ("Agreement") dated effective July 1, 1996; and
WHEREAS, the Board of Directors of USSB on December 10, 1998, authorized
USSB to extend the Agreement for the period January 1, 1999 through December 31,
1999, at an Annual Administrative Services Fee of $1,750,000.
NOW, THEREFORE, the Agreement is hereby amended as follows:
1. TERM. The Agreement is hereby extended for twelve (12) months and
shall terminate at 11:59 p.m. on the 31st day of December, 1999, subject to
earlier termination as may be agreed to in a proposed transition services
agreement to be entered into between USSB and Xxxxxx Electronics Corporation.
2. COMPENSATION. For the period January 1, 1999 through December 31,
1999, the budgeted Annual Administrative Services Fee shall be $1,750,000.
All other terms of the Agreement shall remain the same.
United States Satellite Broadcasting Company, Inc.
By: /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
Its: President
Xxxxxxx Broadcasting, Inc.
By: /s/ C. Xxxxxx Xxxxxxxx
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C. Xxxxxx Xxxxxxxx
Its: Vice President/Controller
