Attachment rider

rider

SUBMISSION FOR THE RECORD submitted by Loral

rider

2006-06-20

This document pretains to SAT-MOD-20011130-00118 for Modification on a Satellite Space Stations filing.

IBFS_SATMOD2001113000118_509949

PIECEWE081 IWECTED JUN 20 2006 - FCC MAILROOM A Member of The LORAL Global Alliance George F. Wazeter Director, Regulatory Affairs 500 Hills Drive PO Box 7018 Bedminster NJ 07921 Tel 908470-2350 Fax 908-470-2453 E mail gfw@loralskvnet corn June 19,2006 Ms. Marlene H. Dortch Secretary Federal Communications Commission 445 I zthStreet, sw Washington, D.C. 20554 Subject: Bond Reduction for Telstar 11N Call Sign S2357, 37.5"W.L. File No. SAT-MOD-2001 1130-001 18 Dear Ms. Dortch: Loral Skynet Corporation' (Loral) hereby submits five copies of the attached bond rider in the amount of $2.25 Million This new amount reflects a reduction of $750,000 based on the Commission's finding that Loral has met the satellite construction contract milestone, September 28, 2005, for the spacecraft. On June 2, 2006, the International Bureau determined that Loral met the Construction Contract milestone for this space station and that Loral is entitled to reduce the amount of the bond. for this satellite, by $750,000. See Public Notice DA 06-1 196, released June 2, 2006. Please contact me if you have any questions in this matter. Sincerely, ' On September 30, 2005, the Commission approved Loral's application for change in control from Loral Orion, Inc. DIP to Loral Skynet Corp. See Public Notice, Authorizations Granted Applications ofLoral Spnce & Communications Ltd (DIP) for the Transfer of Control of Licenses and Authorizations Held by L o r d Orion, Inc. (DIP), L o r d SpaceCom Corporation (DIP) and Lord Skynet Network Services, Inc (DIP) to Loral Space R Communications Inc., File No. SAT-T/C-20050628-00140.

ace usa Westchester Fire Insurance Company Surety Company ACE Companies Rider to be attached to and form a part of Bond Number KO7169681 on behalf of Loral Orion, Inc. (Principal), and in favor United States Treasury, (Obligee), executed by the Company indicated above (Surety) in the amount of Three Million and NOA00--- ----- ---- (Dollars) -($3,000,000.00). The Principal and the Surety hereby consent to changing the said bond as follows: Bond Amount: From: Three Million and NO/1OO-------($3,000,000.00)-------Dollars To: Two Million, Two Hundred and Fifty Thousand and N0/100- ($2,250,000.00)--- Dollars This change is effective 2"d day of June , 2006. Nothing herein contained shall vary, alter or extend any provision or condition of the bond other than as above stated. Signed, sealed and dated this 14th day of June , 2006 p-.. Loral Orion, Inc. ;Witness or Atdest 0 Whness or Attest I Title: Atthey-in-Fac t

.m -- I rT-1 - - -_-_-- THE BACK OF THIS DOCUMENT LISTS VARIOUS SECURITY FEATURES - - 7 -r--- - ---- THAT WILL PROTECT AGAINST COPY COUNTERFEIT AND ALTERA' _I" >f,!'- I_.-_ * --- ,I

STATE OF NEW JERSEY COUNTY OF MORRIS On June 14th3 2006 before me personally came Mary Lawrence to me known to be an Attorney-in-Fact of Westchester Fire Insurance Company, the corporation described in the withln instrument, and she acknowledged that she executed the within instrument as the act of the said Westchester Fire Insurance Company in accordance with authority duly conferred upon her by said company. PRINCIPAL ACKNOWLEDGEMENT STATE OF COUNTY OF Onthis I# & A dayof J ,2OOb, before me personally came $*Hd 13. $TWK to me known to be an A s S cSTWT)KWJ' RCfi of L o&A L 0 oA , \ c the corporation described in the within instrument, and he/she executed the within instrument as the act of the said 1-6 * A \ 0c L O I-L. A, in accordance with authority duly conferred upon h i d h e r by said company.

WESTCHESTER FIRE INSURANCE COMPANY FINANCIAL STATEMENT DECEMBER 31,2005 BONDS fl.655,482,596 - SHORT TERM INVESTMENTS 93,489,235 i1a.g4ti,a55 STOCKS REAL ESTATE 0 CASH ON HAND AND IN BANK 275,775 PREMIUM IN COURSE OF COLLECTION' 123,588.897 INTEREST ACCRUED 17,757,019 OTHER ASSETS 233.090.132 TOTAL ASSETS $2,242,630,509 LIABILITIES RESERVE FOR UNEARNED PREMIUMS $427,660,175 RESERVE FOR LOSSES 1,297,014,793 RESERVE FOR TAXES 23,619,231 FUNDS HELD UNDER REINSURANCE TREATIES 0 OTHER LIABILITIES (45,aa4,056) 70TAL LIABILITIES 1,702,610,143 CAPITAL: SPECIAL SURPLUS 213.300.000 CAPITAL: 926,592 SHARES. $4.85 PAR VALUE 4,503,611 CAPITAL: PAIDIN 160,938,389 SURPLUS (UNASSIGNED) 161,278,306 SURPLUS TO POLICYHOLDERS 540,020,366 TOTAL $2,242,830,509 CWCLUDES PREMlUM MORE THAN 90 DAYS DUE.) STATE OF PENNSYLVANIA COUNTY OF PHILADELPHIA John P. Taylor, being duly sworn, says that he is Vice President of Westchaster Fire Insurance Company and that to the best of his knowledge and belief the foregoing is a true and correct statement of the said Company's financial condition as of the 31 S I of Decarnber, 2005. day lay of MI,2008. . Y a / x 9 My commission &ires

111 1 ., , ace usa Westchester Fire Insurance Company Insurance Cornpany Loral Orion, Inc. Policy Holder KO7169681 Policy Number Marsh USA Inc. BrokerlProducer POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE You should be aware that under the Terrorism Risk Insurance Act of 2002 (“The Act”) effective November 28, 2002, any losses caused by certified acts of terrorism under your existing coverage may be partially reimbursed by the United States under a formula established by federal law (applicability is subject to the terms and conditions of each individual policy). The Act was specifically designed to address the ability of businesses and individuals to obtain property and casualty insurance for terrorism and to protect consumers by addressing market disruptions and ensure the continued availability of terrorism coverage. Under the terms of The Act, you may now have the right to purchase insurance coverage for losses arising out of acts of terrorism, as defined in Section 102(1) of the Act: The term “act of terrorism” means any act that is certified by the Secretary of the Treasury, in concurrence with the Secretary of State, and the Attorney General of the United States-to be an act of terrorism, to be a violent act or an act that is dangerous to human life, property: or infrastructure; to have resulted in damage within the United States, our outside the United States in the case of an air carrier or vessel or the premises of a United States mission; and to have been committed by an individual or individuals acting on behalf of any foreign person or foreign interest, as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. Responsibility for Compensation under The Act is shared between insurance companies covered by The Act and the United States. Under the formula set forth in The Act, the United States pays 90% of covered terrorism losses exceeding the statutorily established deductible, which is paid by the insurance company providing the coverage. We are providing you with the terrorism coverage required by The Act. We have not established a separate price for this coverage; however, the portion of your premium that is reasonably a. attributable to such coverage is:


Document Created: 2006-07-03 15:44:30
Document Modified: 2006-07-03 15:44:30
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