Regulations for Administration on Satellite Communication Services Article 13

Following the concession application has been reviewed and approved, the applicant is to post the performance bond with component government authorities within a sixty-day period from the date the approval notice has been delivered, and following the posting of the performance bond, the competent government authorities are to issue a launching consent letter. When failing to post the performance bond as stipulated, the competent government authorities are to revoke the applicant’s approval.The foresaid performance bond is set respectively to:1. The satellite fixed communications operation: at NT$ 7.5 million. 2. The satellite mobile communications operation: at NT$ 25 million.The foresaid performance bond shall be posted in the form of cash, local bank guarantee, and convertible certificates of time deposit with the claimant designated to the competent government authorities, or non-denominated government bonds.Of those posting the performance bond with local bank guarantee, the guaranteed period shall span from the date the performance bond is posted to over a three year and two month period following the date the consent letter is issued by competent government authorities.Of the foresaid performance guarantee period, the applicant is to file for an extension at the same time when filing for an extension to the validation period of the launching consent letter.The applicant’s performance bond posted meeting stipulations set by Article 23 may be requested for reimbursement.