EX-4.2(H)



 Exhibit 4.2(h) 
 



 
 Agreement No: INSAT-ST21 Ku 1DTH 101 / 2015 Dated August 01, 2015 Ame ndment No. 1 dated June 24, 2016 (Revision in Withholding Tax
Percentage) Whereas DOS entered into an Agreement No: INSAT-ST2 1 Ku 1DTH I 01 /2015 dated August 01, 2015 with Videocon d2H Limited (hereinafter referred to as “CUSTOM ER~ ), for the provision of 10X54 MHz of Ku band space segment on INSAT-ST2
satellite for meeting its DTH requirements. AND NOW WHEREAS, the Central Board of Direct Taxes, Government of India has amended the Income-tax Rules, 1962, to include “37BC. Relaxation from deduction of tax at Higher rate under section
206AA” vide Notification no. 53/20 16,F.No.370 142/1 6/2016-TPL This amendment effective from June 24, 2016, provides a relaxation from deduction of withholding tax at higher rates under Section 206M, by virtue of which, the applicable
Withholding tax to Singter in respect of space segment charges is currently 10%. The reduction in WHT component has a direct bearing on the applicable space segment charges levied to the CUSTOMER Accordingly, both the parties in considerations of
the mutual covenants in the original Agreement have now agreed to amend the Agreement with effect from June 24,2016 as under; 1.2.3.The Withholding Tax applicable to Singtel, the satellite operator, shall stand amended from 20% of the transponder
provisioning charges to 10% of the transponder provisioning charges. Replace Article 5h, Fees and Charges of the Agreement with - “At the time of signing this agreement, CUSTOMER shall submit an irrevocable bank guarantee from a nationalized
bank or scheduled commercial bank of good national repute for a value of USD 5,495,850 in equivalent INR rupees,(equivalent to 25% of annual provision charges ) for the block of 10X54 MHz. Such a Bank Guarantee shall be valid for a term of entire
agreement term with a claim period of an additional three months. For this purpose , SSC includes Space Segment charges, applicable taxes and interest, if any for delayed remittance of SSC. CUSTOMER shall appropriately revise the bank guarantee
value proportionately in accordance with increases/decrease in bandwidth or increase/decrease in provisioning rates in future Replace Article Gc Taxes and Duties, Para 2, of the Agreement with - “As per existing provisions of the Income Tax
Act, 1961, DOS through Antrix is required to deduct and withhold tax on amounts payable to Singtel under its Agreement with Singtel, as aforesaid. DOS/Antrix is required by law. to deduct and withhold income tax at source on such payments to Singte!
at the prevalent rates , (10% of the transponder provisioning charges with effect from June 24, 2016). The Parties unconditionally agree that the amount/quantum of income tax that is required to be deducted at source. by OOS/Antrix, shall be paid by
the CUSTOMER to DOS/Antrix , over and above the full transponder provisioning charges and Antrix Contract Management Charges agreed between the Parties as per this Agreement. OOS/Antrix shall invoice the CUSTOMER on the full transponder provisioning
cost, as applicable and the CUSTOMER shall be liable to pay 







 



 
 the entire amounts under the Invoice to Antrix . For avoidance of any doubt. The CUSTOMER shall pay DOS/Antrix an Indian Rupee (INR)
equivalent of US$ 2950 per MHz per month. at the foreign exchange rate prevalent at the time of payment for the sub provisioning of 10 X 54 MHz Transponder capacity on ST-2, which includes the full cost of the transponder capacity, reimbursement of
Income Tax Withholding and Antrix Contract Management fees.” 4. Replace Exh ib it B Payment Schedule, Preamble of the agreement with - “Use of capacity on INSAT- ST2 satellite system: Bandwidth 10x54 MHz 10x54 MHz Service Term August 01,
2015 To June 23, 2016 June 24, 2016 To July 31, 2018 Revised Price (USD/MHz/Month) 3318 2950 Due date of Payment In advance. by the fifteenth(15th) day of the month in question, for the provision of capacity for that respective month In advance. by
the fifteenth (15th) day of the month in question, for the provision of capacity for that respective month Note: Payments to Antrix shall be made in INR, at the prevailing Customs notified FE rate , as per the details provided in the invoice: 5.
Replace 51. No.1 of Terms, Payment Schedule, Exhibit B of the Agreement with Upon signing of the agreement, CUSTOMER shall submit an irrevocable bank guarantee from a nationalized bank or scheduled commercial bank of good national repute for a value
of USD 5,495,850 in equivalent INR rupees,(equivalent to 25% of annual provision charges) for the block of 10x54 MHz. Such a Bank Guarantee shall be valid for a term of entire agreement term with a claim period of an additional three months. For
this purpose, SSC includes Space Segment charges, applicable taxes and interest. if any for delayed remittance of SSG. CUSTOMER shall appropriately revise the bank guarantee value proportionately in accordance with increases/decrease in bandwidth or
increase/decrease in provisioning rates in future. 6. Replace 51. No.5 of Terms, Payment Schedule, Exhibit B of the Agreement with With effect from June 24, 2016. the above price includes Withholding tax at the currently applicable rate at 10% and
Antrix Contract Management charges at 7.5%: 7. All other terms and conditions remain unchanged. For and On behalf of DEPARTMENT OF SPACE For and On behalf of CUSTOMER Authorised signatory Date 3/11/16 Authorised signatory with seal Date 24th June
2016