Intelsat UK Financial Services Ltd. Watch

from S-4 9 pages [Form of Exchange Agent Agreement]

from S-4/A 4 pages Fourth Supplemental Indenture (This “Fourth Supplemental Indenture”) Dated as of December 28, 2005, Among Intelsat Uk Financial Services Ltd., a Company Organized Under the Laws of England and Wales (The “New Guarantor”), Intelsat Subsidiary Holding Company, Ltd., a Company Organized Under the Laws of Bermuda (The “Issuer”) and Wells Fargo Bank, National Association, a National Banking Association, as Trustee Under the Indenture Referred to Below (The “Trustee”)