Exhibit 4.7



 Exhibit 4.7 
 FOURTH SUPPLEMENTAL INDENTURE (this “Fourth Supplemental Indenture”) dated as of July 15, 2008, among INTELSAT SATELLITE GALAXY 18, INC., a Delaware Corporation (the “New
Guarantor”), a subsidiary of INTELSAT CORPORATION (or its successor), a Delaware corporation (the “Issuer”), the Issuer and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee under the
indenture referred to below (the “Trustee”). 
 W I T N E S S E T H: 
 WHEREAS the Issuer and the existing Guarantors have heretofore executed and delivered to the Trustee an Indenture (as amended, supplemented or otherwise
modified, the (“Indenture”) dated as of July 3, 2006, providing for the issuance of the Issuer’s 9% Senior Notes due 2016 (the “Notes”), initially in the aggregate principal amount of
$575,000,000; 
 WHEREAS Section 4.11 of the Indenture provides that under certain circumstances the Issuer is required to cause the New
Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor shall unconditionally guarantee all the Issuer’s obligations under the Notes pursuant to a Guarantee on the terms and conditions set
forth herein; 
 WHEREAS the Indenture provides that in connection with this Fourth Supplemental Indenture, the Issuer shall have delivered
to the Trustee an Officers’ Certificate and an Opinion of Counsel, and such Officers’ Certificate and Opinion of Counsel have been delivered to the Trustee on the date hereof; and 
 WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee and the Issuer are authorized to execute and deliver this Fourth Supplemental
Indenture; 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby
acknowledged, the New Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of the Notes as follows: 
 1. Defined Terms. As used in this Fourth Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto are used herein as therein defined, except that the term
“Holders” in this Fourth Supplemental Indenture shall refer to the term “Holders” as defined in the Indenture and the Trustee acting on behalf of and for the benefit of such Holders. The words “herein,”
“hereof” and “hereby” and other words of similar import used in this Fourth Supplemental Indenture refer to this Fourth Supplemental Indenture as a whole and not to any particular section hereof. 
 2. Agreement to Guarantee. The New Guarantor hereby agrees, jointly and severally with all existing Guarantors, to unconditionally guarantee the
Issuer’s obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture and to be bound by all other applicable provisions of the Indenture and the Notes applying to a Guarantor and to
perform all of the obligations and agreements of a Guarantor under the Indenture. 







 3. Notices. All notices or other communications to the New Guarantor shall be given as provided in
Section 11.02 of the Indenture. 
 4. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly
amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Fourth Supplemental Indenture shall form a part of the Indenture for all
purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 5. Governing Law.
THIS FOURTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 6.
Trustee Makes No Representation. The Trustee makes no representation as to the validity or sufficiency of this Fourth Supplemental Indenture. 
 7. Counterparts. The parties may sign any number of copies of this Fourth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 8. Effect of Headings. The Section headings herein are for convenience only and shall not effect the construction thereof. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Fourth Supplemental Indenture to be duly executed
as of the date first above written. 
  

					
	INTELSAT SATELLITE GALAXY 18, INC.
		
	By:	 	/s/ Anita Beier
		 	Name:	 	Anita Beier
		 	Title:	 	Controller
	
	INTELSAT CORPORATION
		
	By:	 	/s/ Anita Beier
		 	Name:	 	Anita Beier
		 	Title:	 	Controller
	
	 WELLS FARGO BANK, NATIONAL
     ASSOCIATION, as Trustee

		
	By:	 	/s/ Julie Salovitch-Miller
		 	Name:	 	Julie Salovitch-Miller
		 	Title:	 	Vice President


  
  
  
  
  
 [Fourth Supplemental Indenture]