FIRST AMENDMENT TO THE RESTRUCTURING AGREEMENT

FIRST AMENDMENT TO THE RESTRUCTURING AGREEMENT

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Exhibit 99.2

EXECUTION COUNTERPART

FIRST AMENDMENT TO THE RESTRUCTURING AGREEMENT

This FIRST AMENDMENT TO THE RESTRUCTURING AGREEMENT (this “Agreement”), dated as of July 28, 2006, is entered into by and among:

	(a)		Satélites Mexicanos, S.A. de C.V. (the “Company”);

	(b)		Servicios Corporativos Satelitales, S.A. de C.V. (“Servicios”);

	(c)		Loral Skynet Corporation and Loral SatMex Ltd. (collectively, “Loral”);

	(d)		Principia, S.A. de C.V. (“Principia” and, together with Loral, the “Supporting Equity Holders”);

	(e)		the undersigned beneficial owners (or investment managers or advisors with power to vote or dispose of all or substantially all of the relevant securities on behalf of the beneficial owners) of the Senior Secured Floating Rate Notes due June 30, 2004, identified on Exhibit A-1 hereto (the “Executing FRN Holders”), who together constitute Majority FRN Holders under the Restructuring Agreement (as defined below); and

	(f)		the undersigned beneficial owners (or investment managers or advisors with power to vote or dispose of all or substantially all of the relevant securities on behalf of the beneficial owners) of the 10-1/8% Senior Notes due November 1, 2004, identified on Exhibit A-2 hereto (the “Executing Noteholders” and, together with the Supporting Equity Holders and the Executing FRN Holders, the “Executing Holders,” and each, individually, an “Executing Holder”), who together constitute Majority Noteholders under the Restructuring Agreement.

Reference is made to the Restructuring Agreement (the “Restructuring Agreement”) dated March 31, 2006 among the Company, Servicios and the Supporting Holders (as defined therein).

Capitalized terms not otherwise defined in this Agreement shall have the meaning ascribed to them in the Restructuring Agreement.

WHEREAS, the parties hereto desire to amend certain of the provisions the Restructuring Agreement.

WHEREAS, pursuant to Section 13 of the Restructuring Agreement, Majority Noteholders and Majority FRN Holders may extend (a)(i) any “Target Date” or (ii) together with the Company, any “Outside Date” (for a period of up to thirty days) and (b) together with the Company, amend, modify or supplement certain other terms or conditions of the Restructuring Agreement.

WHEREAS, pursuant to Sections 5A(b) and 13 of the Restructuring Agreement, Loral, Majority Noteholders, Majority FRN Holders and the Company may amend, modify or supplement certain terms or conditions relating to Section 5A of the Restructuring Agreement.

NOW, THEREFORE, pursuant to Sections 5A(b) and 13 of the Restructuring Agreement:

Clause 1. Consent to Stipulation Amendment. The parties hereto consent to the amendment of the Stipulation, Agreement and Order (the “So-Ordered Stipulation”) dated April 27, 2006, Docket No. 24, entered in the 304 Proceeding solely for the purpose of amending the date by which the Company must obtain a final and non-appealable order assuming the Loral Settlement Agreements from “July 24, 2006” to “September 7, 2006.” The Executing FRN Holders authorize Xxxxxx Xxxxxx Xxxxxxxxx Xxxx and Xxxx LLP to execute on their behalf, and the Executing Noteholders authorize Akin Gump Xxxxxxx Xxxxx & Xxxx LLP to execute on their behalf, any documents necessary to effectuate such amendment to the So-Ordered Stipulation. The definition of “304 Stipulation” in the Restructuring Agreement shall be amended solely for the purpose of including such amendment to the So-Ordered Stipulation.

Clause 2. Certain Amendments to the Restructuring Agreement. The Restructuring Agreement shall be amended as follows: (the amendments contained in paragraphs F, G, H and I shall each be effective as of the applicable original Target Date):

A. The definition of “Chapter 11 Filing Deadline” is hereby amended to replace “July 14, 2006” with “August 14, 2006.”

B. The definition of “Outside Date”, with respect to the Concurso Plan Order, is hereby amended to replace “July 29, 2006” with “August 24, 2006.”

C. “Xxxxxx Xxxxxxx” is hereby added to the list of “Series A, Voting Committee designees (4)” in Schedule B-1 of the Term Sheet.

D. “or Xxxxxx Xxxxx” is hereby inserted after “Xxxxxxx Xxxxx S.” as an additional designee for the “Secretary of The Board” in Schedule B-1 of the Term Sheet.

E. The Company shall be permitted to amend, in its discretion, the form of Instrument of Accession attached as Annex B to the Restructuring Agreement with respect to any transferee of Securities held by any Supporting FRN Holders or any Supporting Noteholders such that the transferee is not obligated to be bound to the terms of the Restructuring Agreement with respect to any Securities it held prior to, or acquired after, (but not in connection with) executing the Accession Agreement; provided that the foregoing shall not apply to any Security that was previously bound by the Restructuring Agreement. Any such amended Instrument of Accession shall suffice for the purposes of Section 5(c) of the Restructuring Agreement.

F. The Target Date of “June 6, 2006” for completion of Target #7, “Approval from the SCT (i.e. By-laws)” shall become “July 28, 2006.”

G. The Target Date of “July 24, 2006” for completion of Target #10, “Authorization from COFECO” shall become “on or before the date of entry of the Chapter 11 Plan Order.”

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H. The Target Date of “May 9, 2006” for completion of Target #15, “Request of Servicios ‘quiebra’ to the Mexican Bankruptcy Court” shall become “on or before the date of entry of the Chapter 11 Plan Order.”

I. The Target Date of “May 17, 2006” for completion of Target #16, “Entering of a ‘quiebra‘ order of Servicios” shall become “on or before the Effective Date.”

J. Satmex will use its commercially reasonable best efforts to have the Chapter 11 Plan confirmed by the Bankruptcy Court include binding mutual releases for all claims (other than claims based on fraud, gross negligence, willful misconduct or criminal conduct, or claims or obligations contained in the Loral Settlement Agreements) by and among Satmex, Servicios, the Supporting Equity Holders, Loral Space & Communications Ltd., Loral Space & Communications Holdings Corporation (f/k/a Loral Space & Communications Corporation), Loral Skynet Network Services, Inc., Loral SpaceCom Corporation, Loral Skynet, a division of Loral SpaceCom Corporation, Space Systems/Loral, Inc., Loral Space & Communications Inc., and all holders of claims against Satmex. With respect to Loral’s rights hereunder, this provision is expressly made a part of Section 5A of the Restructuring Agreement.

Clause 3. Miscellaneous: Except as otherwise explicitly set forth herein, all provisions of the Restructuring Agreement shall remain in full force and effect in accordance with their terms, subject to the modifications, amendments and waivers contained in this Agreement. This Agreement may only be amended in accordance with the provisions of Sections 5(A)(b) and 13 of the Restructuring Agreement, as applicable, and may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall constitute one and the same agreement. This Agreement shall be governed by and construed in accordance with the first paragraph of Section 19 of the Restructuring Agreement. The individual holdings amounts contained on Exhibit A-1 and Exhibit A-2 shall be delivered on a confidential basis to counsel to the Company by counsel to the Ad Hoc FRN Committee (with respect to Exhibit A-1) and by counsel to the Ad Hoc Senior Note Committee (with respect to Exhibit A-2), and counsel to the Company shall not disclose such individual holdings amounts to any person or entity, including without limitation the Company, without the prior written consent of each individual holder whose individual holdings amount is being disclosed; provided, however, that this sentence shall not prevent counsel to the Company from disclosing the aggregate holdings amount of the Executing FRN Holders or the aggregate holdings amount of the Executing Noteholders.

[Remainder of Page Left Intentionally Blank]

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IN WITNESS WHEREOF, each of the parties to this Agreement has caused this Agreement to be executed and delivered by its duly authorized officers as of the date first written above.

Satélites Mexicanos, S.A. de C.V.

By:

/s/ Xxxxxxx Xxxxxx Addario

Name:

Xxxxxxx Xxxxxx Addario

Title:

EVP Finance & Administration

Xxxxxxx Xxxxx #86

Col. Lomas xx Xxxxxx

Xxxxxx X.X. 00000 Xxxxxx

Telephone:

(52) (00) 0000-0000

Fax:

(52) (00) 0000-0000

By:

/s/ Xxxxxx Xxxxx

Name:

Xxxxxx Xxxxx

Title:

General Counsel

Xxxxxxx Xxxxx #86

Col. Lomas xx Xxxxxx

Xxxxxx X.X. 00000 Xxxxxx

Telephone:

(52) (00) 0000-0000

Fax:

(52) (00) 0000-0000


	AS TO CLAUSE 2.J ONLY
	Servicios Corporativos Satelitales, S.A. de C.V.

	By:	/s/ Xxxxxx Xxxxxx Xxxxx Xxxxxx Maza

		Name:	Xxxxxx Xxxxxx Xxxxx Xxxxxx Maza
		Title:	Attorney-in-fact

		Xxxxxxx Xxxxx 00-X
`		Col. Lomas xx Xxxxxx
		Xxxxxx X.X. 00000 Xxxxxx
		Telephone:		(52) (00) 0000-0000
		Fax:		(52) (00) 0000-0000


AS TO CLAUSE 2.J ONLY
Principia, S.A. de C.V.

By:	/s/ Xxxxxx Xxxxxx Xxxxx Xxxxxx Maza

	Name:	Xxxxxx Xxxxxx Xxxxx Xxxxxx Maza
	Title:	Attorney-in-fact

	Xxxxxxx Xxxxx 00-X
	Col. Lomas xx Xxxxxx
	Xxxxxx X.X. 00000 Xxxxxx
	Telephone:		(52) (00) 0000-0000
	Fax:		(52) (00) 0000-0000


		SUPPORTING FRN HOLDER(S):

		* see below

		By:		/s/ XXXXXXXX X. XXXXX Name: XXXXXXXX X. XXXXX Title: AUTHORISED SIGNATORY

		The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.


		Contact Person:		Xxxx Xxxxxx
		Address:		Canyon Capital Partners
				0000 Xxxxxxxx Xxxxxxxxx
				Xxxxxxx Xxxxx, XX 00000
		Telephone:		000-000-0000
		Facsimile:
		E-mail:		xxxxxxx@xxxxxxxxxxxxxx.xxx


*		The Canyon Value Realization Fund (Cayman), Ltd.

		Canyon Value Realization Fund, L.P.

		Canyon Value Realization MAC 18, Ltd.

		Institutional Benchmarks Series (Master Feeder)

		Limited in Respect of The Centaur Series


		SUPPORTING FRN HOLDER(S):

		XXXXXX CAPITAL MANAGEMENT, INC, as agent on behalf of certain discretionary accounts

		By:		/s/ Xxxxx X. Xxxxxxxx Name: Xxxxx X. Xxxxxxxx Title: General Counsel & Chief Compliance Officer
		The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.


		Contact Person:		Xxxxx X. Xxxxxxxx
		Address:		000 Xxxxx Xxxxxx
				00^xx Xxxxx
				Xxx Xxxx, XX 00000
		Telephone:		(000) 000-0000
		Facsimile:		(000) 000-0000
		E-mail:		xxxxxxxxx@xxxxxxxxxxxxx.xxx


		SUPPORTING FRN HOLDER(S):

		XXXXXX XXXXXXX & CO INCORPORATED

		By:		/s/ Xxxxx X. Xxxxxxxxx Name: Xxxxx X. Xxxxxxxxx Title: Managing Director

		The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.


		Contact Person:		Xxxxxxxx Xxxxxxx
		Address:		0000 Xxxxxxxx
				Xxx Xxxx, Xxx Xxxx 00000
		Telephone:		000-000-0000
		Facsimile:		000-000-0000
		E-mail:		xxxxxxxx.xxxxxxx@xxxxxxxxxxxxx.xxx



		SUPPORTING FRN HOLDER(S):

		BLACK DIAMOND OFFSHORE, LTD
		By: Xxxxxxx Capital, L.P., its investment advisor
		By: Asgard Investment Corp, its general partner

		By:		/s/ Xxxxx X. Xxxxxxx

				Name: Xxxxx X. Xxxxxxx
				Title: President

		The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.


		Contact Person:		Xxxxx Xxxx
		Address:		0000 XxXxxxxx xxx
				Xxx 0000
				Xxxxxx,XX 00000
		Telephone:		000-000-0000
		Facsimile:		000-000-0000
		E-mail:		xxxxx@xxxxxxxxxxxxxx.xxx



SUPPORTING FRN HOLDER(S):


DOUBLE BLACK DIAMOND OFFSHORE LDC
By: Xxxxxxx Capital, L.P., its investment advisor
By: Asgard Investment Corp, its general partner

By:	/s/ Xxxxx X. Xxxxxxx

	Name: Xxxxx X. Xxxxxxx
	Title: President

The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.

Contact Person:		Xxxxx Xxxx
Address:		0000 XxXxxxxx xxx.
		Xxx 0000
		Xxxxxx,XX 00000
Telephone:		000-000-0000
Facsimile:		000-000-0000
E-mail:		xxxxx@xxxxxxxxxxxxxx.xxx



SUPPORTING FRN HOLDER(S):

Cedarview Capital Management, LP

By:	/s/ Xxxxxx Xxxxxxxxx

	Name: Xxxxxx Xxxxxxxxx
	Title: Managing Partner

The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.

Contact Person:		Xxxxxx XxXxxxxx
Address:		000 Xxxxxxxxx Xxxxxx,
		00^xx Xxxxx
		Xxx Xxxx, XX 00000
Telephone:		(000) 000-0000
Facsimile:		(000)000-0000
E-mail:		xxxxxxxxx@xxxxxxxxxxxxxxxx.xxx



SUPPORTING FRN HOLDER(S):

Clinton Group, Inc. as Investment Manager for and on behalf of

CLINTON MULTISTRATEGY MASTERFUND, LTD

By:	/s/ Xxxxxxx X’Xxxxxx

	Name: Xxxxxxx X’Xxxxxx
	Title: Portfolio Manager

The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-1 to this Agreement.

Contact Person:		Xxxxxxx X’Xxxxxx
Address:		Clinton Group, Inc.
		0 Xxxx 00xx Xxxxxx, 00xx Xxx.
		Xxx Xxxx, XX 00000
Telephone:		000-000-0000
Facsimile:		000-000-0000
E-mail:		vdarp@clinton. com

SUPPORTING FRN HOLDER(S):

CONTINENTAL CASUALTY COMPANY


By:		/s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx
		Title: Authorized Signatory

The above-named Supporting FRN Holder(s) hereby represents that it is the beneficial owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the FRNs held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of, the aggregate principal amount of the FRNs listed next to its name on Exhibit A-l to this Agreement.


Contact Person:		Xxxxxxx Xxxxxx
Address:		000 Xxxxx Xxxxxx Xxxxxx
		Xxxxxxx, XX 00000
Telephone:		000-000-0000
Facsimile:		000-000-0000
E-mail:		xxxxxxx.xxxxxx@xxx.xxx

SUPPORTING FRN HOLDER(S):

Greenwich International, Ltd.


By:		/s/ Xxxxxxx X. Xxxxxxx Name: Xxxxxxx X. Xxxxxxx
		Title: Managing Director


Contact Person:		Xxxxxxxx Gorrilies
Address:		000 Xxxxxxxxx Xxxx
		Xxxxxxxxx, Xx. 00000
Telephone:		000-000-0000
Facsimile:		000-000-0000
E-mail:		xxxxxxxx.xxxxxxxxx@xxxxx.xxx

SUPPORTING FRN HOLDER(S):

POLYGON GLOBAL OPPORTUNITIES MASTER FUND


By		Polygon Investment Partners, LLP,
		as Investment Adviser

By:		/s/ Xxxx Xxxxxxx Name: Xxxx Xxxxxxx
		Title: Principal


Contact Person:		Xxxxx Xxxxx
Address:		000 Xxxxxxx Xxx
		XX, XX 00000
Telephone:		000-000-0000
Facsimile:
E-mail:		xxxxxx@xxxxxxxxxx.xxx

SUPPORTING FRN HOLDER(S):

TACONIC CAPITAL ADVISORS, LLC


By:		/s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx
		Title: Principal


Contact Person:		Xxxx Xxxxx
Address:		Taconic Capital Advisors
		000 Xxxx Xxxxxx, 0^xx Xx
		Xxx Xxxx, XX 00000
Telephone:		000-000-0000
Facsimile:		000-000-0000
E-mail:		xxxxxx@xxxxxxxxxx.xxx

SUPPORTING FRN HOLDER(S):

RESOLUTION MASTER FUND L.P.


By:		/s/ Xxx Xxxxxxx Name: Xxx Xxxxxxx
		Title: Managing Director


Contact Person:		Xxxxxxx Xxxxxxx
Address:		000 Xxxxx Xxx
		00^xx Xxxxx
		Xxx Xxxx, XX 00000
Telephone:		000-000-0000
Facsimile:		000-000-0000
E-mail:		xxxxxxxx@xxxxxxxxxxxxxxx.xxx


SUPPORTING NOTEHOLDER(S):

XXXXXX CAPITAL MANAGEMENT, INC, as agent on behalf of certain discretionary accounts

By:	/s/ Xxxxx X. Xxxxxxxx

	Name:	Xxxxx X. Xxxxxxxx
	Title:	General Counsel &
		Chief Compliance Officer

Xxxxxx Capital Management, Inc. hereby represents that it is the beneficially owner and/or investment advisor or manager/with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit A-2 to this Agreement.


		Contact Person:		Xxxxx X. Xxxxxxxx
		Address:		000 Xxxxx Xxxxxx
				00^xx Xxxxx
				Xxx Xxxx, XX 00000
		Telephone:		(000) 000-0000
		Facsimile:		(000) 000-0000
		E-mail:		xxxxxxxxx@xxxxxxxxxxxxx.Xxx


ATLANTIC PACIFIC MANAGEMENT GROUP LLC

By:	/s/ Xxx X. Xxxxxxxx

	Name:	Xxx X. Xxxxxxxx
	Title:	Managing Director
		Indian Harbor Capital Management
		Advisor of Account

Atlantic Pacific Management Group LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.


		Contact Person:		Xxxxx Xxxx
		Address:		c/o Gramercy Advisors LLC
				00 Xxxxxx Xxxxxx
				Xxxxxxxxx, XX 00000
		Telephone:		(000) 000-0000
		Facsimile:		(000) 000-0000
		E-mail:		xxxxx@xxxxxxxx.xxx


LPETE LLC

By:	/s/ Xxx X. Xxxxxxxx

	Name:	Xxx X. Xxxxxxxx
	Title:	President
		LPETE LLC

LPETE LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.


		Contact Person:		Xxxxx Xxxx
		Address:		c/o Gramercy Advisors LLC
				00 Xxxxxx Xxxxxx
				Xxxxxxxxx, XX 00000
		Telephone:		(000) 000-0000
		Facsimile:		(000) 000-0000
		E-mail:		xxxxx@xxxxxxxx.xxx


SSGDP LLC

By:	/s/ Xxx X. Xxxxxxxx

	Name:	Xxx X. Xxxxxxxx
	Title:	President SSGDP LLC

SSGDP LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.

Contact Person:			Xxxxx Xxxx
Address:			c/o Gramercy Advisors LLC
			00 Xxxxxx Xxxxxx
			Xxxxxxxxx, XX 00000
Telephone:			(000) 000-0000
Facsimile:			(000) 000-0000
E-mail:			xxxxx@xxxxxxxx.xxx


DRALLI LLC

By:	/s/ Xxx X. Xxxxxxxx

	Name:	Xxx X. Xxxxxxxx
	Title:	Managing Director
		Gramercy Investment Management
		LLC, Sole Manager of the Company

DRALLI LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.

Contact Person:			Xxxxx Xxxx
Address:			c/o Gramercy Advisors LLC
			00 Xxxxxx Xxxxxx Xxxxxxxxx, XX 00000
Telephone:			(000) 000-0000
Facsimile:			(000) 000-0000
E-mail:			xxxxx@xxxxxxxx.xxx


GRAMERCY EMERGING MARKETS FUND

By:	/s/ Xxx X. Xxxxxxxx

	Name:	Xxx X. Xxxxxxxx
	Title:	Director
		Gramercy Emerging Markets Fund

Gramercy Emerging Markets Fund hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.

Contact Person:			Xxxxx Xxxx
Address:			c/o Gramercy Advisors LLC
			00 Xxxxxx Xxxxxx Xxxxxxxxx, XX 00000
Telephone:			(000) 000-0000
Facsimile:			(000) 000-0000
E-mail:			xxxxx@xxxxxxxx.xxx


HFR EM SELECT MASTER TRUST

By:	/s/ Xxx X. Xxxxxxxx

	Name: Xxx X. Xxxxxxxx
	Title: Co-Managing Partner, Gramercy
	Advisors by Power of Attorney

HFR EM Select Master Trust hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.

Contact Person:		Xxxxx Xxxx
Address:		c/o Gramercy Advisors LLC
		00 Xxxxxx Xxxxxx Xxxxxxxxx, XX 00000
Telephone:		(000) 000-0000
Facsimile:		(000) 000-0000
E-mail:		xxxxx@xxxxxxxx.xxx


KAPALI LLC

By:	/s/ Xxx X. Xxxxxxxx

	Name:	Xxx X. Xxxxxxxx
	Title:	President
		KAPALI LLC

KAPALI LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.

Contact Person:		Xxxxx Xxxx
Address:		c/o Gramercy Advisors LLC
		00 Xxxxxx Xxxxxx
		Xxxxxxxxx, XX 00000
Telephone:		(000) 000-0000
Facsimile:		(000) 000-0000
E-mail:		xxxxx@xxxxxxxx.xxx


LMC RECOVERY FUND LLC

By:	/s/ Xxx X. Xxxxxxxx

	Name:	Xxx X. Xxxxxxxx
	Title:	Co-Managing Partner
		Gramercy Advisors LLC
		Investment Manager of Account

LMC Recovery Fund LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.

Contact Person:		Xxxxx Xxxx
Address:		c/o Gramercy Advisors LLC
		00 Xxxxxx Xxxxxx
		Xxxxxxxxx, XX 00000
Telephone:		(000) 000-0000
Facsimile:		(000) 000-0000
E-mail:		xxxxx@xxxxxxxx.xxx

PALLMALL LLC

PALLMALL LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.


Contact Person:		Xxxxx Xxxx
Address:		c/o Gramercy Advisors LLC
		00 Xxxxxx Xxxxxx
		Xxxxxxxxx, XX 00000
Telephone:		(000) 000-0000
Facsimile:		(000) 000-0000
E-mail:		xxxxx@xxxxxxxx.xxx

UVIADO LLC

UVIADO LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.


Contact Person:		Xxxxx Xxxx
Address:		c/o Gramercy Advisors LLC
		00 Xxxxxx Xxxxxx
		Xxxxxxxxx, XX 00000
Telephone:		(000) 000-0000
Facsimile:		(000) 000-0000
E-mail:		xxxxx@xxxxxxxx.xxx

GRNPARK LLC

GRNPARK LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.


Contact Person:		Xxxxx Xxxx
Address:		c/o Gramercy Advisors LLC
		00 Xxxxxx Xxxxxx
		Xxxxxxxxx, XX 00000
Telephone:		(000) 000-0000
Facsimile:		(000) 000-0000
E-mail:		xxxxx@xxxxxxxx.xxx

KADESI LLC

KADESI LLC LLC hereby represents that it is the beneficially owner and/or investment advisor or manager (with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.


Contact Person:		Xxxxx Xxxx
Address:		c/o Gramercy Advisors LLC
		00 Xxxxxx Xxxxxx
		Xxxxxxxxx, XX 00000
Telephone:		(000) 000-0000
Facsimile:		(000) 000-0000
E-mail:		xxxxx@xxxxxxxx.xxx

HARBINGER CAPITAL PARTNERS
MASTER FUND I, LTD.
(f/k/a XXXXXXX DISTRESSED INVESTMENT
MASTER FUND, LTD.)


By:		Harbinger Capital Partners Offshore
		Manager, LLC, as investment manager


By:		/s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx
		Title: Senior Managing Director

Harbinger Capital Partners Master Fund I, Ltd. (f/k/a Xxxxxxx Distressed Investment Master Fund, Ltd.) hereby represents that it is the beneficially owner and/or investment advisor or manager (with-the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit B to this Agreement.


Contact Person:		Xxxxxx X. Xxxxxxx
Address:		Harbinger Capital Partners
		000 Xxxxxxx Xxxxxx, 00^xx Xxxxx
		Xxx Xxxx, XX 00000
Telephone:		(000) 000-0000
Facsimile:		(000) 000-0000
E-mail:		xxxxxxxx@xxxxxxx.xxx

W/ copy to:

Xxx Xxxxxxxxxx Xxxxxxx Xxxxx
Xxxxxxxxxx, XX 00000
Attn: Legal Department


		[Form of Signature Block for Noteholder]

		XXXXXX XXXXXXX & CO. INCORPORATED

		By:		/s/ Xxxxx X.Xxxxxxxxx

				Name: Xxxxx X.Xxxxxxxxx
				Title: Managing Director

		Xxxxxx Xxxxxxx & Co. Incorporated hereby represents that it is the beneficially owner and/or investment advisor or manager/with the power to vote and dispose of all or substantially all of the Senior Notes held on behalf of their beneficial owner) of discretionary accounts for holders of beneficial owners of the aggregate principal amount of the Senior Notes listed next to its name on Exhibit A-2 to this Agreement.


		Contact Person:		Xxxxxxxx Xxxxxxx
		Address:		0000 Xxxxxxxx
				Xxx Xxxx, Xxx Xxxx 00000
		Telephone:		000-000-0000
		Facsimile:		000-000-0000
		E-mail:		xxxxxxxx.xxxxxxx@xxxxxxxxxxxxx.xxx

AS TO CLAUSES 1, 2.J AND 3 ONLY
Loral Skynet Corporation and Loral SatMex Ltd.,
(collectively, “Loral”)

/s/ Xxxxx Xxxxx

Name: Xxxxx Xxxxx
Title: Vice President & Asst. Secretary