Amendment to Letter Agreement between Motient Corporation, MR Acquisition Corp., and Rare Medium Group, Inc. (October 8, 2001)

Summary

Motient Corporation, MR Acquisition Corp., and Rare Medium Group, Inc. have agreed to amend their previous letter agreement dated October 1, 2001. The amendment changes all references to the date "October 8, 2001" in the original agreement to "October 12, 2001." All other terms of the original agreement remain unchanged. The amendment is governed by Delaware law and is effective upon signature by all parties.

EX-10.54B 6 ex1054b.txt OCTOBER 8, 2001 LETTER AGREEMENT EXHIBIT 10.54b Motient Corporation MR Acquisition Corp. 10802 Parkridge Blvd. Reston, Virginia 20191-5416 October 8, 2001 Rare Medium Group, Inc. 565 Fifth Avenue 29th Floor New York, NY 10017 Attention: General Counsel RE: Letter Agreement Ladies and Gentlemen: Reference is hereby made to the letter agreement dated October 1, 2001 by and among Motient Corporation ("Acquiror"), MR Acquisition Corp. ("Merger Sub") and Rare Medium Group, Inc. (the "Company," which, along with Acquiror and Merger Sub, is sometimes hereinafter referred to collectively as the "Parties") (the "Letter Agreement"). The Parties hereby acknowledge and agree that the date "October 8, 2001 wherever it appears in the Letter Agreement is amended to read "October 12, 2001." Except as expressly modified by this amendment, the Letter Agreement is hereby ratified and confirmed and shall remain in full force and effect. This amendment may be executed and delivered in two or more counterparts, and by the different Parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same amendment. This amendment shall be governed by, and construed in accordance with, the laws of the State of Delaware without regard to any principles of conflicts of law. Please acknowledge your understanding of and agreement with the foregoing by signing this amendment in the space provided below. Sincerely, MOTIENT CORPORATION By:/s/Walter V. Purnell, Jr. ------------------------- Name: Walter V. Purnell, Jr. Title: President and Chief Executive Officer MR ACQUISITION CORP. By:/s/Walter V. Purnell, Jr. Name: Walter V. Purnell, Jr. ---------------------- Title: President AGREED TO AND ACCEPTED This 8th day of October, 2001 RARE MEDIUM GROUP, INC. By:/s/Glenn Meyers - ------------------ Name: Glenn Meyers Title: Chairman and Chief Executive Officer