Agreement Relating to the “INTELSAT” in the United States

Article IV. (Juridical Personality)

(a) INTELSAT shall possess juridical personality. It shall enjoy the
full capacity necessary for the exercise of its functions and the
achievement of its purposes, including the capacity to:

(i)Conclude agreements with States or international organizations;

(ii)Contract;

(iii)Acquire and dispose of property; and

(iv)Be a party to legal proceedings.

(b) Each Party shall take such action as is necessary within its
jurisdiction for the purpose of making effective in terms of its own law
the provisions of this Article.

Article V. (FINANCIAL PRINCIPLES)

(a) INTELSAT shall be the owner of the INTELSAT space segment and of
all other property acquired by INTELSAT. The financial interest in
INTELSAT of each Signatory shall be equal to the amount arrived at by the
application of its investment share to the valuation effected pursuant to
Article 7 of the Operating Agreement.

(b) Each Signatory shall have an investment share corresponding to
its percentage of all utilization of the INTELSAT space segment by all
Signatories as determined in accordance with the provisions of the
Operating Agreement. However, no Signatory, even if its utilization of
the INTELSAT space segment is nil, shall have an investment share less
than the minimum established in the Operating Agreement.

(c) Each Signatory shall contribute to the capital requirements of
INTELSAT, and shall receive capital repayment and compensation for use of
capital in accordance with the provisions of the Operating Agreement.

(d) All users of the INTELSAT space segment shall pay utilization
charges determined in accordance with the provisions of this Agreement
and the Operating Agreement. The rates of space segment utilization
charge for each type of utilization shall be the same for all applicants
for space segment capacity for that type of utilization.

(e) The separate satellites and associated facilities referred to in
paragraph (e) of Article III of this Agreement may be financed and owned
by INTELSAT as part of the INTELSAT space segment upon the unanimous
approval of all the Signatories. If such approval is withheld, they shall
be separate from the INTELSAT space segment and shall be financed and
owned by those requesting them. In this case the financial terms and
conditions set by INTELSAT shall be such as to cover fully the costs
directly resulting from the design, development, construction and
provision of such separate satellites and associated facilities as well
as an adequate part of the general and administrative costs of INTELSAT.

Article VI. (STRUCTURE OF INTELSAT)

(a) INTELSAT shall have the following organs:

(i)The Assembly of Parties;
(ii)The Meeting of Signatories;
(iii)The Board of Governors; and
(iv)An executive organ, responsible to the Board of Governors.

(b) Except to the extent that this Agreement or the Operating
Agreement specifically provides otherwise, no organ shall make
determinations or otherwise act in such a way as to alter, nullify, delay
or in any other manner interfere with the exercise of a power or the
discharge of a responsibility or a function attributed to another organ
by this Agreement or the Operating Agreement.

(c) Subject to paragraph (b) of this Article, the Assembly of
Parties, the Meeting of Signatories and the Board of Governors shall each
take note of and give due and proper consideration to any resolution,
recommendation or view made or expressed by another of these organs
acting in the exercise of the responsibilities and functions attributed
to it by this Agreement or the Operating Agreement.