EXHIBIT 4.14



 Exhibit 4.14 
 FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”) dated as of December 11, 2009, among Intelsat Subsidiary (Gibraltar) Limited and Intelsat New Dawn (Gibraltar)
Limited, each a company incorporated under the laws of Gibraltar (the “New Guarantors”), each a subsidiary of INTELSAT JACKSON HOLDINGS, LTD., an exempted company incorporated with limited liability under the laws of Bermuda (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 October 20, 2009, providing for the issuance of the Issuer’s 8 1/2% Senior Notes due 2019 (the “Notes”), initially in the aggregate principal amount of $500,000,000; 
 WHEREAS the New Guarantors desire to execute and deliver to the Trustee this First Supplemental Indenture pursuant to which each of the New Guarantors 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 First 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 First 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 Guarantors 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 First 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 First 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 First Supplemental Indenture refer to this First Supplemental Indenture as a whole and not
to any particular section hereof. 
 2. Agreement to Guarantee. Each of the New Guarantors 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 Guarantors 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 First 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 FIRST 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 First
Supplemental Indenture. 
 7. Counterparts. The parties may sign any number of copies of this First 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 First Supplemental Indenture to be
duly executed as of the date first above written. 
  

					
	EXECUTED as a deed by INTELSAT
SUBSIDIARY (GIBRALTAR) LIMITED acting by:
		
		 	 /s/ Andrew Stimson

		 	Name:	 	Andrew Stimson
		 	Title:	 	Director
		
		 	 /s/ Simon Van de Weg

		 	Name:	 	Simon Van de Weg
		 	Title:	 	Director/Secretary
	
	EXECUTED as a deed by INTELSAT NEW DAWN (GIBRALTAR) LIMITED acting by:
		
		 	 /s/ Andrew Stimson

		 	Name:	 	Andrew Stimson
		 	Title:	 	Director
		
		 	 /s/ Simon Van de Weg

		 	Name:	 	Simon Van de Weg
		 	Title:	 	Director/Secretary
	
	INTELSAT JACKSON HOLDINGS, LTD.
		
	By:	 	 /s/ Andrew Stimson

		 	Name:	 	Andrew Stimson
		 	Title:	 	Director



  
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	 WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

		
	By:	 	 /s/ Martin Reed

		 	Name:	 	Martin Reed
		 	Title:	 	Vice President



  
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