Item 1.01 Entry into a Material Definitive Agreement

On November 16, 2022, EchoStar XXIV L.L.C. (the "Company"), a subsidiary of EchoStar Corporation, entered into an amendment (the "Amendment") to the Contract between the Company and Maxar Space LLC ("Maxar") for the Jupiter 3 Satellite Program (the "Contract").

Following Maxar's notification to the Company on November 8, 2022 that delivery of the Jupiter 3 Satellite (the "Satellite") will be further delayed, and as a result of cumulative delays totaling more than two years, the Company referenced its rights under the Contract and negotiated both additional compensation for past delays and a realignment of remedies to incentivize Maxar to deliver the Satellite in line with its current schedule. The Amendment provides relief to the Company on future payments under the Contract, including approximately $14 million in payments through orbit-raising, and $44.5 million, plus 6% interest on such amounts, in deferred in-orbit incentive payments. Additionally, the Amendment requires Maxar to pay additional liquidated damages in the event of further delay, provides for the Company's right to terminate beginning January 1, 2024 if the Satellite has not yet been delivered, and provides certain other compensation to the Company. Based on the current delivery schedule from Maxar, the Company continues to expect the launch of the Satellite to be in the first half of 2023.

In addition, the Company and Maxar will enter into an agreement under which the Company will provide Maxar with certain products and/or services during 2023 in exchange for payments that deliver a margin to the Company of at least $30 million.

This description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by this reference.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



Exhibit No. Description




  10.1+        Amendment No. 2 dated as of November 16, 2022 to the Contract
             between EchoStar XXIV L.L.C. and Maxar Space LLC for the Jupiter 3
             Satellite Program.

104          Cover Page Interactive Data File (formatted in Inline XBRL and
             contained in Exhibit 101).

+ Certain portions of this Exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K.

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