Contract Number T70102100 (IA7-C15) [Amendment No. 1] - Playboy Entertainment Group Inc. and Loral SpaceCom Corp. d/b/a Loral Skynet
AMENDMENT No 1 TO CONTRACT Number T70102100 (IA7-C15)
This Amendment (the "Amendment") is made as of the 7th day of May 2004
("Effective Date").
WHEREAS, Playboy Entertainment Group, Inc. and Loral SpaceCom Corporation,
d/b/a Loral Skynet ("Loral") executed an agreement for the provision of service
on transponder 15 of the Telstar 7 satellite effective as of 1 March 2001 (the
"Agreement");
WHEREAS, Playboy Entertainment Group, Inc. subsequently transferred and
assigned the Agreement to Andrita Studios, Inc. effective as of 1 February 2004;
WHEREAS, Intelsat LLC, a company organized and existed under the laws of
Delaware, acquired the assets of Loral effective 17 March 2004, and, in
connection with that acquisition, the Agreement was assigned to Intelsat USA
Sales Corp. ("Intelsat"), a company also organized and existing under the laws
of Delaware effective on the same date, and CUSTOMER has validly consented to
said assignment;
WHEREAS Telstar 7 has been renamed Intelsat Americas 7 (IA-7);
WHEREAS Section 4 of the Agreement provides CUSTOMER with the option to
extend the term of service, and CUSTOMER and Intelsat now desire to extend such
term;
NOW THEREFORE, in consideration of the promises herein exchanged and for
other good and valuable consideration the receipt and sufficiency of which is
hereby acknowledged, the Parties agree to amend the Terms and Conditions to the
Agreement as described below:
A. All terms not otherwise defined herein shall have the meaning ascribed to
them in the Agreement.
B. All references to Skynet are replaced with "Intelsat," and all references
to Telstar 7 are replaced with IA-7.
C. The term of service under Section 4 of the Agreement is extended until 31
January 2013, CUSTOMER shall have the option to extend the term of service
under the Agreement to the end-of-life (EOL) of IA-7 by providing Intelsat
with notice no less than six (6) months prior to the expiration of the
current term (notice prior to July 31, 2013) at the monthly rate of
$145,000.00.
D. Section 7(ii) of the Agreement is deleted and replaced with:
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