Exhibit 10.18.3
March 5, 1998
The News Corporation Limited
New York, New York
Globo Comunicacoes e Participacoes, S.A.
Rio de Janeiro, Brazil
Grupo Televisa, S.A.
Mexico City, Mexico
PanAmSat International Systems, Inc.
Greenwich, Connecticut
Gentlemen:
Reference is made to that certain letter agreement dated February 29,
1996, as amended, by and among the entities recipients to this letter (also
referred to herein as the "parties") identified above (the "Letter Agreement").
In that connection, the parties acknowledge and, to the extent that it
may be required, consent to the following:
(1) PanAmSat International Systems, Inc., formerly known as PanAmSat
Corporation ("PanAmSat") and NetSat Servicos Ltda. (an entity that is owned by
The News Corporation Limited ("News"), Globo Comunicacoes e Participacoes, S.A.
("Globo"), and Tele-Communications International Inc. ("TINTA")) are about to
enter into a "Second Amended and Restated Transponder Purchase and Sale
Agreement," substantially in the form that has been reviewed by the parties or
their representatives (the "Brazil Agreement");
(2) PanAmSat and Sky Multi-Country Partners, previously referenced as
Multi-Country Partners GP (an entity that is owned by News, Globo, TINTA, and
Grupo Televisa, S. A. ("Televisa")), are about to enter into a "Transponder
Service Agreement," substantially in the form that has been reviewed by the
parties or their representatives (the "Multi-Country Agreement");
(3) The parties understand and agree that the combination of the
Brazil Agreement and the Multi-Country Agreement (together the "PAS-6
Agreements"), supersedes the Letter Agreement as to PAS-3 and PAS-6 and the
rights and obligations of the parties to the Letter Agreement relative thereto,
but that the rights and obligations of the parties to the Letter Agreement
relative to PAS-5, except as expressly set forth below, are unaffected and
remain binding.
(4) The parties acknowledge and agree that the negotiation of the
PAS-6 Agreements has responded to special circumstances regarding power
constraints that have appeared on PAS-6 that are not relevant to PAS-5 and that
it is neither anticipated nor required that the rights and obligations of the
parties vis-a-vis PAS-5 will reflect the PAS-6 Agreements.
This letter may be executed in several counterparts, each of which shall be
deemed an original, and all such counterparts together shall constitute but one
and the same instrument.
Please indicate your agreement of the foregoing by signing in the
appropriate place indicated below.
Notarized: THE NEWS CORPORATION
LIMITED
By:
Its
Notarized: GLOBO COMUNICACOES E
PARTICIPACOES, S.A.
By:
Its
Notarized: GRUPO TELEVISA, S.A.
By:
Its
and
By:
Its
and
By:
Its
Notarized: PANAMSAT INTERNATIONAL
SYSTEMS, INC.
By:
Its
