Transfer of Service Agreement - Loral SpaceCom Corp., Playboy Entertainment Group Inc. and Andrita Studios Inc.
TRANSFER OF SERVICE AGREEMENT
Playboy Entertainment Group, Inc., ("Former Customer"), having its principal
place of business at 2706 Media Center Drive, Los Angeles, CA 90065, requests
that Loral SpaceCom Corporation, doing business as Loral Skynet(R) ("SKYNET"),
transfer and assign the following service to Andrita Studios, Inc. ("New
Customer"), having its principal place of business at 3030 Andrita St., Los
Angeles, CA 90065.
Service to be transferred and assigned: SKYNET Transponder Service, as described
in Agreement T70102100 between SKYNET and Former Customer, dated effective March
1, 2001 (the "Agreement"). Service under this Agreement consists of one 36MHz
37W C-band Fully Protected transponder (the "Service") on the Telstar 7
satellite, which Service began October 1, 2001 and shall continue through
January 31, 2010 at a monthly rate of $*****
The transfer and assignment will be effective as of February 1, 2004. This
Transfer of Service Agreement acknowledges that Former Customer has paid for
Service provided through January 31, 2004. The Service is not to be interrupted
or relocated at the time the transfer is made.
New Customer agrees to assume all obligations of Former Customer at the time of
transfer. These obligations may include and are not limited to: (1) all
outstanding indebtedness for the Service, (2) the unexpired portion of the
original term of Service and revenue commitment(s), and (3) any unexpired
termination liability(ies). Notwithstanding the foregoing, Former Customer
agrees to remain jointly and severally liable with New Customer for any and all
payment obligations assumed by New Customer hereunder.
FORMER CUSTOMER FORMER CUSTOMER
By: /s/ Alexandra Shepard By: /s/ Alexandra Shepard
(Signature of Authorized Representative) (Signature of Authorized Representative)
Print: Alexandra Shepard Print: Alexandra Shepard
Title: Sr. VP Title: Sr. VP
Date: 2-4-04 Date: 2-4-04
Agreed to by SKYNET:
By: Sandra James
(Signature of Authorized Representative)
Print: Sandra James
Title: Director, Customer Contracts
Date: 4 Feb 04
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