ARTICLE 1 ---------Satellite Purchase Agreement • November 13th, 1998 • American Mobile Satellite Corp • Communications services, nec
EXHIBIT 10.62a October 8, 1998 Mr. Ernest G. DeNigris African Continental Telecommunications Ltd. 57/63 Line Wall Road Gibraltar Copy By Telecopier: 973/543-2559 Dear Mr. DeNigris: Reference is made to (i) the Satellite Lease Agreement for the AMSC-1...Satellite Lease Agreement • November 13th, 1998 • American Mobile Satellite Corp • Communications services, nec
This letter agreement will confirm our understanding that, contingent upon receipt by American Mobile of $2,500,000 from TMI, American Mobile will refund to ACTEL $2,500,000 of the $7,500,000 Initial Payment received from ACTEL. ACTEL and American Mobile agree that: (1) the ACTEL Lease Agreement will in all cases be interpreted to account for this repayment; (2) in no event shall American Mobile be liable to ACTEL for repayment of any further portion of the Initial Payment, regardless of cause and whether the ACTEL Lease Agreement is terminated by American Mobile or ACTEL; and (3) no public statements or filings by ACTEL will assert any liability or cause for repayment.
