Information contained herein, marked with [*], is being filed pursuant to a
request for confidential treatment.
AMENDMENT NUMBER 1
TO THE
PAS-5 SATELLITE PURCHASE CONTRACT
BETWEEN
▇▇▇▇▇▇ AIRCRAFT COMPANY
AND
PANAMSAT CORPORATION
This Amendment Number 1 to the PAS-5 Satellite Purchase Contract (hereinafter
referred to as the "Contract") is effective as of the date signed (the later
date if the signing date is different for each Party) by and between:
PANAMSAT CORPORATION, a Delaware corporation (hereinafter referred to as
"Buyer"), with its principal place of business at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇,
▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, and
▇▇▇▇▇▇ AIRCRAFT COMPANY, a Delaware corporation, acting through its ▇▇▇▇▇▇ SPACE
AND COMMUNICATIONS COMPANY (hereinafter referred to as "▇▇▇▇▇▇"), with offices
located at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇.
WHEREAS, the parties hereby agree to amend the Terms & Conditions and the
Exhibit B Spacecraft Technical Specifications including the PAS-5 Antenna
Coverages and City Specifications; and
NOW, THEREFORE, in consideration of the mutual benefit to be derived, the
Parties hereby agree that the Contract is amended as follows:
1. With respect to the Spacecraft Technical Specifications, the specifications
have been defined and the Ku Band payload modified per the direction of the
Buyer. As a result, the total KU Band operating output power
******************** and ******************************************************.
Replace Exhibit B, Appendix A, with Exhibit B, Appendix A, Amendment 1.
Throughout the Contract, the number of Ku-Band transponders shall be changed to
six (6) Medium, 60 watt and eighteen (18) High Powered, 110 watt Ku-Band
transponders on pages 1, 4, 5, 6, & 16.
The information below, marked with [*], is being filed pursuant to a request for
confidential treatment.
The Useful Commercial Life definition on page 7 is amended from "...eighteen
(18)..." and changed to "...twenty-one (21) or more Ku-Band Equivalents are
Failed Transponders".
The section 4.2.1.1 definition of "Successfully Operating Payload" shall be
amended to state "The Ku-Band Payload shall be deemed to be Successfully
Operating if a number of Ku-Band transponders that represent twenty-two (22) or
more Ku-Band Equivalents are Successfully Operating Transponders (as defined
below)".
Replace each amended section with "Amendment 1".
2. With respect to the PAS-5 Satellite Purchase Contract price, ******* the
price ********************** with a corresponding ******* in the Phase 2
Progress Payments to ******************************* in Incentive Obligation
payments. Replace section 4.1 with section 4.1, Amendment 1.
3. With respect to the ************* PAS-5 Satellite Purchase Contract price
*******, sections 11.1.2(c), 11.2.2(c), 15.3.9, and 15.3.11 shall be changed
from ************* to **************. Section 12.4 liability limit for ▇▇▇▇▇▇
shall *********************. All sections shall be replaced with "Amendment 1".
4. With respect to the Progress Payment Schedule, ****************************
******************************************; and, replace the Exhibit 4.1 Payment
Schedule with Exhibit 4.1, Amendment 1.
5. With respect to the Incentive Obligation payments, ******** the section
4.2.2.1 example figured using a *************************** from the
************************ ********* payload modification). This ******** only
applies in the event PanAmSat selects the ********* launcher for which case the
spacecraft specified Operational Lifetime has been ********* years from 15.0
years because of the payload modification changes. For the remaining designated
launch vehicles, the specified operational lifetime remains 15 years and the
Incentive Obligation payments ***************************************** for the
payload modification for a total of ***************.
The percentage of the Incentive Obligation payments attributable to the payload
shall be based on Ku-Band Equivalents and amended as follows:
C-Band ***
Medium Powered Ku-Band ***
High Powered Ku-Band ***
The information below, marked with [*], is being filed pursuant to a request for
confidential treatment.
The definition of Specified Operational Lifetime is amended accordingly. Also,
replace 4.2.2.1 and 4.2.2.3 with 4.2.2.1 and 4.2.2.3, Amendment 1.
6. With respect to the spacecraft delivery schedule, all delivery dates shall
be ******************. Replace section 3.1.3 with section 3.1.3, Amendment 1.
For clarity and continuity, the new Contract pages are designated with
"Amendment 1" in the lower right hand corner. Additionally, changes on each new
page have been underlined with deletions noted with a caret.
There is no modification to the Contract except as expressly set forth above.
IN WITNESS WHEREOF, the Parties have executed this Amendment 1 to the PAS-5
Contract.
▇▇▇▇▇▇ AIRCRAFT COMPANY, ACTING PANAMSAT CORPORATION
THROUGH ITS ▇▇▇▇▇▇ SPACE AND
COMMUNICATIONS COMPANY
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇ By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇
-------------------------- --------------------------
▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇
Title: Manager, Major Commercial Title: President
Contracts
Date: 8/29/96 Date: 9/3/96