CONFIDENTIAL

12

INTELSAT,

in

the proportion

utilization of the space segment

which

through

earth stations in the Hong Kong SAR bears to

the total utilization of the PRC as measured

by INTELSAT; and

(ii) in return for the entity contributing to

INTELSAT

capital

requirements

and

utilization charges in the same proportion,

to pay such entity the same proportion of

the payments it receives from INTELSAT in

accordance with Article V(c) of the

Agreement.

(c) Any such entity participating in the investment

share should be permitted by the CPG to send

representatives (in addition to those from the

SAR Government) to attend any relevant meetings

of the Assembly of Parties, as part of the PRC

delegation, and to attend as alternates all

Meetings of Signatories, all meetings of the

Board of Governors and its support committees,

namely Budget and Accounts Review and technical

and planning committees and any other committee

or working group.

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