Exhibit 10.26

 

[ORACLE USA, INC. LETTERHEAD]

 

September 8, 2005

 

Gregory B. Maffei

 

Dear Greg:

 

This letter amends your June 20, 2005, offer letter (the “Offer Letter”) as set
forth below.

 

The fourth and fifth sentences of the first paragraph of the Offer Letter are
hereby deleted and replaced with the following:

 

You will be eligible to participate in the standard compensation plan for your
position; for Oracle’s fiscal year 2006, you will be eligible to participate in
the fiscal year 2006 Executive Bonus Plan. This Bonus Plan and payments
thereunder are subject to the approval of and possible adjustment by the
Compensation Committee of the Board of Directors, which may impose additional
related terms and conditions.

 

In addition, the first sentence of the fifth paragraph of the Offer Letter
regarding severance is hereby deleted and replaced with the following:

 

If you are involuntarily terminated by Oracle other than for gross misconduct
after appropriate notice and time to cure, provided the Company deems your
actions capable of being cured (“Cause”), or if you resign for Good Reason (as
defined below), on or before May 31, 2006, you will execute a full release of
claims and, in exchange, receive as severance a cash lump sum payment of
$3,200,000 which shall be subjected to appropriate taxation. In the event your
employment ends under the foregoing circumstances and you receive the severance
payment indicated above, you will not be entitled to a pro-rated FY2006 bonus.

 

The second sentence of the fifth paragraph of the Offer Letter regarding
severance is hereby deleted in its entirety.

 

The rest of the terms of the Offer Letter remain unchanged.

 

In addition, to clarify your employment status, while you are an officer of
Oracle Corporation, you are an employee of Oracle USA, Inc.

 

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Please let me know if you have any questions.

 

Sincerely,

 

  /s/ Joyce Westerdahl Joyce E. Westerdahl Senior Vice President, Human
Resources

 

AGREED AND ACCEPTED:

       

GREGORY B. MAFFEI

        

Print Name

       

/s/ Gregory B. Maffei

     

09/08/05

Signature

     

Date

 

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