EXHIBIT 10.14.5 [ARIANESPACE LETTERHEAD] CD RADIO INC. Mr. Robert Briskman SENIOR VICE-PRESIDENT President, Systems Group MARKETING-CUSTOMER'S SERVICE 1001 22nd Street, NW AND INTERNATIONAL AFFAIRS Washington, DC 20037 USA Evry, August 30, 1996 DGC/RJ/cpL96246 Subject: Launch Opportunity Reservation Agreement 95.5.921 between Arianespace and CD Radio ("The LORA") Dear Mr. Briskman, As discussed, we are pleased to revise certain terms of the LORA as follows: - The Launch Period reserved for CD Radio under Article 1 of the LORA is changed to 1 May 1999 up to and including 30 October 1999. - Notwithstanding the terms of Article 6 of the LORA, the reservation for the Launch Period referred to hereabove shall be valid until 31st December 1996. - The above amendments to the LORA are made notwithstanding the provisions of Article 5 of the LORA and all other terms thereof remain unchanged. Could you kindly confirm your approval of the above terms by returning an executed copy of this letter. Best regards, Dr. Ralph-Werner Jaeger CD Radio Inc. ------------------------------------- Mr. Robert D. Briskman President, Systems Group