Exhibit 10.2


 



PORTIONS OF THIS EXHIBIT MARKED BY [**REDACTED**]
HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE


SECURITIES AND EXCHANGE COMMISSION










 


	INSAT-ST2/Ku/DTH/01/2012	Proprietary




 


Agreement No: INSAT-ST2 / Ku / DTH
/ 01 / 2012


 


between


 


Bharat Business Channel Limited


 


and


 


Satellite Communication and Navigation


Programme Office (SCNP)


Department of Space


Government of India


New BEL Road


Bangalore 560 231


 


for


 


Provision of Ku-band Space Segment
Capacity


in INSAT-ST2 System


 


Date: April 19, 2012


 


  


  




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	INSAT-ST2/Ku/DTH/01/2012	Proprietary




 


 AGREEMENT
FOR THE PROVISION OF Ku-BAND SPACE SEGMENT


CAPACITY IN THE INSAT-ST2 SYSTEM


 


This Agreement No: INSAT-ST2 / Ku / DTH / 01 / 2012
is entered into on this 19th day of April, 2012 by and between


 


THE PRESIDENT OF INDIA


acting through and represented by the


SECRETARY, DEPARTMENT OF SPACE, GOVERNMENT OF INDIA,


hereinafter referred to as “DOS” (which
expression shall unless excluded by or repugnant to the context be deemed to include its successor and assigns) of the ONE PART


 


and,


 


Bharat Business Channel Limited,


(an associate company of Videocon Industries Limited)


a company incorporated under the Companies Act 1956


having its registered office at


171-C Mittal Court, ‘C’ Wing, 17th Floor,


Nariman Point, Mumbai 400 021, India;


 


hereinafter referred to as “CUSTOMER”
(which expression shall unless excluded by or repugnant to the context be deemed to include its successor and assigns) of the OTHER
PART;


 


WITNESSES AS FOLLOWS:


 


WHEREAS, CUSTOMER has requested
Department of Space (DOS) for provision of Ku band capacity in INSAT-ST2 system for the purpose of meeting its Direct-to-Home (DTH)
broadcasting requirements; and


 


WHEREAS, DOS, through ANTRIX
having received the Ku band capacity in the ST2 satellite system from Singapore Telecommunications Limited, Singapore (herein after
referred to as “Singtel”) under an Agreement dated April 18, 2012 in order to provide the same to CUSTOMER, has agreed
to the request of CUSTOMER and has decided to make available to CUSTOMER, on a back to back provision basis, its space segment
capacity in the ST2 satellite system (henceforth, called as INSAT-ST2 Satellite system) for such purpose under appropriate terms
and conditions contained herein.


 


NOW, THEREFORE, in consideration
of these promises and of the mutual promises and of the Parties contained herein, the Parties hereto agree to be bound unconditionally
to the following terms and conditions:


 


 


 




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 ARTICLE 1. Definitions


 


As used in this Agreement:


 


“Antrix-SingTel Agreement”
means the Agreement dated 18.04.2012 entered into between Antrix Corporation Ltd. and Singapore Telecommunications Limited, Singapore
for lease of Ku-Band Space Segment Capacity.


 


“Capacity” means
the clean, interference free and bare Ku-band transponder capacity, with transponder frequency management, to be provided on the
Transponder(s).


 


“Commencement Date of
Service” means, subject to Article 2, shall be March 01, 2012 in respect of the Capacity for six (6) ST-2 Transponders; on
the K6A, K7A, K8A, K9A, K8B and K9B and shall be from 19th April 2012, the date of frequency allocation in respect of
ST-2 Transponders, K6B and K7B.


 


“Early Termination Charges”
means, in relation to Capacity that is cancelled (prior to the Commencement Date of Service) or terminated by the CUSTOMER prior
to the end of the applicable Service Period(s), 100% of all fees and charges (monthly recurring or otherwise) for the balance of
the Service Period(s).


 


“Payment Date” means
the due date specified in this Agreement for payment of any sum payable by the CUSTOMER to DOS under this Agreement.


 


“Power Equivalent Bandwidth”
- means the amount of total power used by the carriers, being represented as a bandwidth equivalent. In a single 54MHz transponder
transmission, the total PEB refers to the saturation power of the transponder."


 


“Service Charges”
means the recurring charges payable by the CUSTOMER in respect of the Capacity as per Exhibit B hereto.


 


“Service Period”
means the period(s) for which the CUSTOMER must acquire Capacity on the respective Transponder, commencing from the Commencement
Date of Service until 28 February 2015


 


“Serving Satellite”
means the satellite designated by SingTel to provide the Capacity, including the ST-2 Satellite or any satellite used in substitution
or replacement of the same.


 


“ST-2 Satellite”
means the communications spacecraft designated as ST-2 and operated by SingTel at the 88°E geostationary orbital location.


 


“ST-2 Transponders”
means the Transponders of 54MHz on the ST-2 Satellite as further described in Exhibit A.


 


 


 




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 SingTel shall mean “Singapore Telecommunications
Limited, Singapore, the satellite operator providing the transponder capacity on ST-2 satellite system.


 


“Transponder” means
any 54MHz Ku-band radio frequency transmission channels on the Serving Satellite through which SingTel shall provide the Capacity.


 


“Successfully Operating
Transponder” means a transponder which is operational and fully meets and satisfies the technical specifications as per Exhibit
— A hereto.


 


“Transponder Failure”
means, with respect to any Transponder, such Transponder fails to provide Capacity (or part thereof) that meets the technical specifications
as per Exhibit A in any material respect for any period of three (3) consecutive days. For purposes of this definition, measurement
of periods of failure shall commence when the signal has been vacated to permit verification of the existence of the failure by
DOS/SingTel.


 


ARTICLE 2. Transponder Capacity


 


	 	a.	In accordance with the terms and conditions of this Agreement, including all of its Exhibits (Exhibits A, B and C) which form part of this Agreement, DOS shall provide and the CUSTOMER shall take on lease the Capacity for the relevant Service Period


 


	 	b.	CUSTOMER and DOS agree that the transponder capacity shall be utilised in accordance with this Agreement and its Exhibits.


 


	 	c.	CUSTOMER and DOS agree that DOS make the Capacity available to CUSTOMER on a 24-hour, seven-day-per-week basis, for a period of three years (3) from the commencement date of Service until Feb 28, 2015.


 


ARTICLE 3. Interruption in the Provision of Capacity


 


	 	a.	No allowances or credits will be made, for whatever reason, for any single interruption (including planned outages by DOS), in the availability of the Capacity, which is less than one (1) hour duration.


 


Any single interruption in
the availability of the Capacity for reasons other than those mentioned in subparagraph c below which is one (1) hour duration
or more and which is attributable to the SingTel segment, shall be credited to CUSTOMER calculated in an amount equal to the applicable
annual charges (as reflected in Exhibit B) attributable to the affected channels of the Capacity, in one hour multiples for each
hour or major fraction thereof, of interruption. The length of interruption shall be measured from the time that the CUSTOMER notifies
DOS of the interruption, and CUSTOMER vacates its signal from the affected space segment to permit the verification of the existence
of the interruption or failure and SingTel’s confirms its occurrence until the time that DOS notifies the CUSTOMER that the
Capacity has been restored. Credit allowances are applied against future payments. However, if the interruption occurs during the
last month of service and there is no outstanding balance due, DOS will refund the amount of the credit allowance to CUSTOMER,
subject to such allowance by SingTel.


 


 


 




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	 	b.	No allowances or credits will be made for any interruption caused by an act or act of omission (including negligence) of CUSTOMER, its customers, contractors, lessees, agents, assignees or employees.


 


	 	c.	No interruption shall be deemed to have occurred for the purpose of this Article 3, and no allowances or credits will be made if the interruption is the result of, or attributable in whole or in part to:-


 


	 	(i)	failure or non-performance of CUSTOMER’S earth station facilities irrespective of who is operating or controlling the facilities;


 


	 	(ii)	equipment operated by CUSTOMER disrupting the communication system on the Serving Satellite or causing interference with or harm to other Transponders on the Serving Satellite, such that - (a) the other Transponders cease to be successfully operating transponders; or (b) it causes the failure of the communication systems of other users;


 


whereupon DOS shall permit
SingTel to, without liability to the CUSTOMER, immediately interrupt CUSTOMER’S use of the Capacity, or CUSTOMER shallupon
noticefrom DOS immediately


interrupt its transmissions
andsuspend itsuse of the Capacityto


the extent necessary to eliminate
the disruption, interference or harm specified in this subparagraph (c)(ii);


 


	 	(iii)	sun outages; or


 


	 	(iv)	a Force Majeure event; or


 


	 	(v)	outages arising from Capacity Testing and Emergency Testing of the Serving Satellite; or


 


	 	(vi)	other action taken by SingTel under the Antrix-SingTel Agreement.


 


 


 




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ARTICLE 4. Fees and Charges


 





	 	a.	The Service Charges payable under this Agreement are as per Exhibit B to this Agreement. All charges are invoiced and payable in Indian Rupees. The charges invoiced and payable will be benchmarked against the then prevailing exchange rate of US Dollar and all fluctuations in the exchange rate shall be borne by the CUSTOMER.


 


	 	b.	A suitable adjustment in the billing would be done on a quarterly basis to take care of the foreign exchange rate variation and the exchange rate applicable on the day of transaction of payment by ANTRIX to SingTel would be used as the reference. Exchange variations as above, shall be calculated and sent to CUSTOMER through a debit/credit note. The remittance of exchange variation(s) shall be made together with the monthly payment for the current month, as per the due date specified in the invoice. Any delay in payment shall attract late payment charges as mentioned in Article 4(e). Excess remittance, if any shall be adjusted in the subsequent payment.


 


	 	c.	Subject to the provisions of this Agreement, Service Charges are to be paid monthly in advance by CUSTOMER before the fifteenth day of the month, immediately prior to the month for which the provision of Capacity pertains to.


 


	 	d.	Service Charges apply from the commencement of the Service Period whether or not the CUSTOMER activates the Capacity.


 


	 	e.	For payments of any sum payable by the CUSTOMER under this Agreement (whether of Service Charges, Early Termination Charges or otherwise) not received by the applicable Payment Date, DOS will assess until such time as payment in full is made, a late payment charge of 2 percent (2%) per month.


 


	 	f.	Non-receipt or late receipt of invoice shall not absolve CUSTOMER from its liabilities to pay. In case CUSTOMER does not receive the invoices in time, CUSTOMER shall pay, within the due date, in accordance with the monthly amount mentioned in the invoice for the previous month or in Exhibit-B above. Appropriate adjustments shall be made in the subsequently monthly invoice, if required.


 


	 	g.	At the time of signing this agreement, CUSTOMER shall furnish a refundable interest-free caution deposit to ANTRIX for a value equivalent to the aggregate Service Charges for three (3) months. CUSTOMER shall suitably deposit additionally as and when further capacity is leased.


 


 


 




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ARTICLE
5. Taxes and Duties


 


	 	a.	All payments and charges payable by the CUSTOMER to DOS under the Agreement shall be subject to Tax Deduction at Source (TDS) as may be applicable as per the Indian Income Tax Act, as amended from time to time. CUSTOMER shall provide to ANTRIX, the Contract Manager of this Agreement, the original TDS certificate along with the payment. CUSTOMER shall mandatorily upload such TDS deductions in appropriate electronic format in the identified web portal as notified by the Income Tax Department from time to time before the earliest due date prescribed by the Income Tax Department failing which, the TDS made shall be construed as not paid and shall be payable by the CUSTOMER with interest as provided in Article 4e.


 


For the above purposes, information
pertaining to Antrix is provided as below:


 


	 	PAN Number:	AABCA4500B and	 
	 	 	 	 
	 	TAN Number :	BLRA01098G	 


 


	 	b.	Any commercial or service tax leviable for providing the provision capacity by any governmental authority shall be borne by the CUSTOMER. Antrix shall invoice the same along with the provision charges.


 


	 	c.	Any direct or indirect taxes and duties, including revision(s) if any, to the existing tariffs, levied by any governmental authority towards provision of transponder capacity shall be borne by the CUSTOMER.


 


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. As Singtel has not applied for and obtained a Permanent Account Number (PAN number) from
the Income Tax Authorities in India as per the Income Tax Act, 1961 as amended from time to time, DOS/Antrix is required by law,
to deduct and withhold income tax at source on such payments to SingTel at the prevalent rates, (currently 20% of the transponder
provisioning charges). The Parties unconditionally agree that the amount/quantum of income tax that is required to be deducted
at source, by DOS/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. DOS/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 DOS/Antrix. For avoidance of any doubt, the CUSTOMER shall pay DOS/Antrix an Indian Rupee (INR) equivalent of US$ 14,33,333.33
per month for 8 transponders of 54 MHz each, at the foreign exchange rate prevalent at the time of payment for the sub-provisioning
of 8 Transponders on ST-2, which includes the full cost of the transponder capacity, reimbursement of Income Tax Withholding and
Antrix Contract Management fees


 


 


 




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	 	d.	CUSTOMER shall indemnify DOS, ANTRIX & Singtel and hold DOS, ANTRIX & Singtel harmless at all times against all liabilities whatsoever incurred or suffered by ANTRIX in respect of any Taxes, imposts, duties, interests, penalties, charges or otherwise levied or imposed on ANTRIX & Singtel by reason of performance of this Agreement (including all reasonable professional fees being incurred thereof), by payment of the appropriate amount to ANTRIX on its first demand with proof of the demand by the relevant Tax Authority.


 


ARTICLE 6. Termination


 


	 	a.	Termination by CUSTOMER:


 


	 	(i)	Except as expressly provided otherwise in this Agreement, the CUSTOMER shall not terminate the Capacity and/or Agreement at any time after the date of this Agreement.


 


	 	(ii)	CUSTOMER may terminate the Capacity (in part or in full) at any time after the date of this Agreement by giving at least nine (9) months prior notice to DOS. In the notice, CUSTOMER shall specify the Effective Date of Termination (“ETD”). In the event of such termination in full or in part, as the case may be, the CUSTOMER shall pay DOS the Early Termination Charges as liquidated damages for such default and not as a penalty, in respect of that Capacity terminated.


 


	 	(iii)	Notwithstanding any of the provisions above, CUSTOMER agrees that such termination would be effective only upon acceptance by SingTel.


 


	 	b.	Termination by DOS


 


DOS shall not terminate this
Agreement either in whole or in part during the Service Period except for reasons in the paragraph below.


 


DOS may terminate the Capacity
and/or the Agreement with immediate effect by giving written notice to CUSTOMER in the event that:


 


 


 




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	 	(i)	CUSTOMER fails to pay any amount due hereunder for consecutively two (2) months and fails to cure such breach within twenty (20) days after receipt of written notice of such failure from DOS;


 


	 	(ii)	CUSTOMER breaches a provision of this Agreement, fails to perform any obligation hereunder or makes a representation and does not (in relation to a breach or failure that is reasonably capable of cure) cure such breach or failure within twenty (20) days after receipt of written notice from DOS.


 


In connection with the termination
of this Agreement for reasons set forth in paragraphs (a) and (b) above, the CUSTOMER shall, within fifteen (15) days of the termination
date, pay DOS Early Termination Charges.


 


	c.	 	CUSTOMER’S Acknowledgment


 


CUSTOMER acknowledges and agrees
that it accepts the Transponder Capacity with such pre-estimated liquidated damages related to cancellation and/or early termination
in view of space segment, transponder and/or satellite used for the provision of the Capacity contemplated under the Agreement
being a commodity in limited supply.


 


	d.	 	Vacation of Capacity Upon Termination


 


Upon expiration of this Agreement
or termination of the Capacity and/or this Agreement (in whole or in part) either by CUSTOMER or DOS, the use of the Capacity so
terminated / expired shall revert to DOS unconditionally.


 


ARTICLE 7. Payment


 


	 	a.	All invoices for payments due shall be sent to CUSTOMER at the following address:


 


Mr. Avanti Kanthaliya, Head Finance


Bharat Business Channel Limited


1st Floor, Tech Web Building


New Link Road


Oshiwara,


Mumbai, 400102, India


Fax No.-+9122 42555050


Mobile: +919987680055


Email: avanti.kanthaliya@d2h.com


 


	 	b.	All sums payable to DOS under this Agreement shall be paid, on or before the Payment Date, through RTGS (as per details given below):


 


 


 




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	Name of Company	: ANTRIX Corporation Limited
	Bank Name	: Canara Bank
	Account Type	: Current Account
	Branch address	: RMV Extension, Bangalore 560 080
	Account No	: 0888201000767
	MICR Code	: 560015048
	NEFT & RTGS IFS Code	: CNRB 0000888


 


The CUSTOMER shall inform Antrix
about the fund transfer (via email or telephone call) immediately after the fund is transferred in bank account followed by letter
by post to: :


 


Head Accounts and IFA


ANTRIX Corporation, ISRO HQ,


Department of Space


Antariksh Bhavan,


New BEL Road, Bangalore 560 231


 


	 	c.	Any installment of the Charges which remains unpaid at the relevant due date will bear interest at two per cent (2%) per month (hereinafter, the “Interest Rate”) calculated daily from such due date up to and including the date of receipt of payment by ANTRIX.


 


	 	d.	All bank charges (for remittance) by CUSTOMER’S bank shall be borne by CUSTOMER and the charges at the recipient bank shall be paid by ANTRIX.


 


	 	e.	CUSTOMER shall provide complete details related to the 'Tax deducted at Source' at the time of making payment against Antrix invoices by e-mail & registered post.


 


ARTICLE
8. Force Majeure


 


	 	a.	Neither of the Parties hereto shall be liable for any failure or delay in the performance of its obligations hereunder if such failure or delay is due to Force Majeure as defined in this Article, provided that notice thereof is given to the other Party within fifteen (15) calendar days after such event has occurred.


 





 




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	 	b.	The term “Force Majeure” as used in this article means an event beyond the reasonable control and without the fault or negligence of the party concerned, and includes without limitation, acts of God, meteorological/ atmospheric occurrences or disturbances (including sun outbursts, sun outages and electromagnetic storms) or other natural events; irreparable satellite component failure, regardless of the cause(s) of such failure; externally-caused interference; damage caused by space debris; acts of Government in its sovereign capacity, Governmental or regulatory authority (including any law, rule, order, regulation, or direction of any government or government instrumentality, or of any civil or military authority, or the failure to grant or continue, or any action to revoke or resulting in a materially adverse change to the terms of, the orbital slot and/or other licenses/authorizations/approvals required in respect of the Serving Satellite); national emergencies; insurrections riots; act of war; contractual obligations under the Antrix-SingTel Agreement, quarantine; restriction;, any transponder failure, (if applicable) and such other similar events.


 


In the event of failure or
delay in the performance of this Agreement arising out of an event of Force Majeure, which cannot be resolved within fifteen (15)
days after notification of the Force Majeure given pursuant to Article 8(a), then either Party shall be entitled to terminate this
Agreement to the extent only of the Capacity failure.


 


ARTICLE 9. Liability for
Damages and Limitation of Damages


 


	 	a.	To the extent permitted by law, and other than the remedies expressly provided for in this Agreement, DOS shall not be liable in any way to the CUSTOMER, whether in contract, tort (including negligence), statute or otherwise, for any direct or indirect economic or financial loss or damage (including loss of revenue or profits) howsoever caused or arising, including but not limited to any such loss or damage caused or arising from: (a) any breach or failure to perform any obligations under this Agreement; (b) any externally caused transmission interference, satellite failure, delay in the commencement or provision of the Capacity, loss or degradation as a result of a migration of capacity or satellite migration or satellite malfunction; (c) loss or destruction of any CUSTOMER equipment regardless of the cause (including where caused or contributed by one or more negligent acts or omissions of DOS and/or SingTel).


 


	 	b.	DOS shall not be liable to CUSTOMER for any loss or damage sustained by the CUSTOMER, its interconnecting carriers or its sub-customers, by reason of any failure in or breakdown of SingTel’s communication facilities or those of the CUSTOMER, underlying carriers, or third parties associated with providing the Capacity, or for any interruption or degradation of the Capacity whatsoever the duration or the cause of such failure, breakdown, interruption or degradation.


 


 


 




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	 	c.	If there is a Transponder Failure, owing to


 


	 	(i)	a fault not attributable to the CUSTOMER, DOS shall use its reasonable endeavors to restore or substitute the Capacity as soon


as reasonably practicable.
Substituted capacity provided shall have similar technical performance and other specifications as defined in Exhibit A.


 


	 	(ii)	a fault attributable to the CUSTOMER, DOS shall not be liable to the CUSTOMER for the resulting failure, disruption or degradation of Capacity and the CUSTOMER shall continue to be liable for all fees and charges payable by the CUSTOMER for the Capacity despite the failure, disruption or degradation of Capacity.


 


	 	d.	CUSTOMER shall indemnify and hold DOS and/or SingTel harmless from any loss, damage, liability or expense arising from:


 


	 	(i)	Any commission or omission on the part of CUSTOMER, its users, contractors, agents, employees or persons claiming through the CUSTOMER in connection with libel, slander, invasion of privacy, or infringement of copyright or any other claims or actions arising from the use of the Capacity by the CUSTOMER or the content carried thereon;


 


	 	(ii)	Infringement of patents arising from (a) combining with or using in connection with, the Capacity, apparatus and systems of CUSTOMER, its users, customers, contractors, lessees, agents or assignees; (b) use of the Capacity in a manner not contemplated by SingTel and over which SingTel exercises no control;


 


	 	(iii)	Violation of the laws of India or any other country or damage to any third party arising from the use of the Capacity by the CUSTOMER;


 


	 	(iv)	Failure on the part of the CUSTOMER to obtain and keep in force necessary permissions / licenses / clearances from any authority concerned.


 


	 	(v)	Non-compliance of any rules, terms and conditions laid down by TRAI, DOT, Ministry of Information and Broadcasting or any authority as may be applicable.


 


	 	e.	The provisions in this Article shall survive the expiry or termination of this Agreement.


 


	 	f.	No warranties, express, implied, or statutory, including any warranty of merchantability or fitness for a particular purpose, apply to the Capacity.


 


	 	g.	To the extent that any of DOS’s limitations of liability in Article 9 are not permitted by law, then DOS aggregate cumulative liability to the CUSTOMER whether in contract, tort (including negligence or breach of statutory duty) or otherwise for any and all losses, damages or liabilities caused or arising from any breach, failure or default of DOS to perform any of its obligations or duties to the CUSTOMER with respect to the Capacity shall not in aggregate exceed the amount equal to only those fees and charges in respect of the Capacity which are prescribed and imposed with reference to any time frame or interval (but not usage) for the period of one month immediately preceding such breach, failure or default on the part of SingTel has arisen.


 


 


 




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 Article 10. Operational
Requirements


 


	 	a.	CUSTOMER shall be responsible to ensure that all the requisite clearances for operating the earth stations and terrestrial facilities, which use the Capacity, are obtained. These earth stations shall be operated and maintained in accordance with all the applicable provisions, including Satellite User’s Guide set out at Exhibit C, suggested by SingTel. The operations, procedures, technical standards and/or satellite access procedures are subject to change. DOS is not responsible to CUSTOMER if such a change affects or requires modification of any facility, CUSTOMER equipment, or CUSTOMER communication systems in order to be used with the Capacity. If such change can be reasonably expected: (i) to materially affect the operating or transmission characteristics of the Capacity, or (ii) to render any CUSTOMER equipment or CUSTOMER communications system incompatible with the Capacity, DOS shall use reasonable efforts to provide adequate notice, in writing, to allow Customer an opportunity to maintain uninterrupted Capacity. DOS shall have no obligation to change or modify any of its components, operations or procedures to be compatible with those of Customer.


 


		b.	Unless otherwise specified in the Agreement, DOS shall not provide any terrestrial facilities as part of the Capacity and CUSTOMER shall be solely responsible for the installation, licensing, and maintenance of any terrestrial facilities used to communicate with ST-2. CUSTOMER warrants to DOS that all licenses/approvals required to operate such terrestrial facilities, if any, have been obtained or shall be obtained prior to the start date of the Capacity. CUSTOMER shall indemnify DOS from and against any liabilities that SingTel may incur as a result of CUSTOMER'S failure to obtain such licenses/approvals.


 


	 	c.	For purposes of ensuring that the transmission by CUSTOMER is within the acceptable levels of operating parameters, DOS may monitor the transmission of the Capacity.


 


	 	d.	CUSTOMER shall ensure that any transmission facility used to access the Serving Satellite is at all times capable of ceasing transmission immediately upon CUSTOMER’S telephone and/or fax notice. DOS may, but is not obligated to, inspect CUSTOMER-provided facilities to confirm compliance with this requirement.


 


 


 




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	 	e.	CUSTOMER shall not interfere with the use of or cause harm to: (i) the Serving Satellite, transponder, or space segment; or (ii) any backup satellite, transponder, or space segment to which CUSTOMER is given access pursuant to the Agreement. DOS shall enable SingTel with the right to take immediate action, including suspending or terminating the Capacity on the affected transponder and/or space segment, in order to protect the provisioned Capacity and/or interests. If Capacity is so terminated and the cause of which is attributable to the Customer, CUSTOMER shall pay for: (i) any improper illumination charges assessed; (ii) Capacity received through the time of termination; and (iii) any Early Termination Charges stated in Article 6b above,


 


	 	f.	CUSTOMER’S transmissions to the Serving Satellite shall in all material respects comply with all laws applicable to it regarding the operation of the Serving Satellite, Transponder, and/or space segment, as well as any backup satellite, transponder, or space segment(s) to which CUSTOMER may be given access pursuant to the Agreement. DOS reserves the right to get the satellite frequency signals monitored to ensure that the technical standards required by SingTel are met.


 


	 	g.	DOS may at any time perform Capacity testing on the Serving Satellite (“Capacity Testing”) if DOS (i) provides CUSTOMER with a minimum of seven (07) hours prior notice, and (ii) makes reasonable efforts to coordinate such Capacity Testing with CUSTOMER to minimize disruption of CUSTOMER’S use of the Capacity. DOS will minimize Capacity Testing to the greatest extent practicable and will not perform such Capacity Testing unless necessary to: (i) maintain or initiate new Capacity on the Serving Satellite, and/or (ii) otherwise prudently manage its satellites.


 


	 	h.	DOS may, at its sole discretion and at any time, perform testing on the Serving Satellite other than Capacity Testing (“Emergency Testing”) in the following circumstances (i) for the purpose of restoring or determining the cause of an interruption to or failure of a component or subsystem on the Serving Satellite; (ii) in response to an order of any court, tribunal or other administration having appropriate jurisdiction; (iii) to determine the cause or source of any interference; (iv) to protect overall satellite performance; and/or (v) to properly coordinate with other satellite users or operators and, in such circumstances, DOS through SingTel will endeavor to provide CUSTOMER with as much notice of the Emergency Testing as practicable in the circumstances.


 


	 	i.	If DOS detects any Improper Illumination (as defined hereinafter) of any Transponder and/or space segment provided under this Agreement, it shall notify CUSTOMER by calling the CUSTOMER provided telephone number(s) for notice of Improper Illumination (“Customer Notification Number”). Within five (5) minutes of such notification, CUSTOMER shall take immediate corrective action to stop the Improper Illumination. DOS reserves the right to suspend or terminate the Capacity on the affected


 


 


 




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Transponder and/or space segment
for any Improper Illumination that continues beyond the five minute period but not exceeding forty five (45) minutes after notification
or attempted notification if there is no answer at the Customer Notification number (it being understood and agreed that it is
CUSTOMER’S responsibility to provide DOS with a Customer Notification number at which DOS can contact CUSTOMER twenty-four
hours per day, seven days a week, 365/366 days per year). In addition, DOS shall have the right to take immediate action, including
suspending or terminating the Capacity on the affected Transponder and/or space segment, in order to protect DOS’s services
and/or interests. If Capacity is so terminated, CUSTOMER shall pay for Capacity received through the time of termination and any
Early Termination Charges as stated in Article 6b.


 


For the purposes of this Agreement,
“Improper Illumination” means (i) transmissions other than as specified in the transmission parameters set out in the
Satellite User Guide set out at Exhibit C, (ii) transmissions at an incorrect frequency, (iii) transmissions at excessive power
levels, and/or (iv) any illumination that could cause harm or interference to any Transponder or space segment on the Serving Satellite
or to any other satellite.


 


	 	j.	The
    CUSTOMER shall comply strictly with the link budget i.e. the technical calculation specified by SingTel
at Exhibit A.





 


ARTICLE 11:
GovernmentalRegulations


 


	 	a.	At all times during this agreement, the CUSTOMER agrees to comply and remain in compliance with all applicable laws, rules and regulations relating to or affecting the performance of its obligations hereunder and shall secure and maintain in full force and effect all licenses, permits and authorisations from all concerned Governmental agencies to the extent the same are required and necessary for the performance for the performance of its obligations to the satisfaction of DOS.


 


	 	b.	This agreement shall always be subject to the terms of the various broadcast guidelines and policies in force and of licenses, permits and authorisations as may be required from time to time.


 


ARTICLE 12. Use of
Capacity


 


	 	a.	CUSTOMER shall ensure that its utilisation of the Capacity is not and will not constitute a breach of any applicable laws, rules and regulations governing the CUSTOMER, and any order(s) and/or direction(s) imposed by the Indian Government and/or the concerned authorities in India, including those governing the content of programming of any television transmission that is transmitted by CUSTOMER.


 


 


 




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	 	b.	CUSTOMER shall further assure that it shall abide by the technical procedures laid down by DOS/SingTel for the usage of the Capacity, as detailed in Exhibit C, hereto.


 


ARTICLE 13. Availing of Transponder
Capacity


 


	 	a.	CUSTOMER shall ensure that its utilisation of the Capacity is not and will not constitute a breach of any applicable laws, rules and regulations imposed by any governmental and regulatory authorities either in India or in the countries where the obligation hereunder will be performed by CUSTOMER including those governing the content of programming of any television transmission that is transmitted by CUSTOMER.


 


		b.	CUSTOMER shall ensure that the availing of the Capacity does not and will not constitute a breach of any applicable laws, rules and regulations imposed by any governmental and regulatory authorities in countries outside India including those governing the content of programming of any television transmission that is transmitted by CUSTOMER. The CUSTOMER will offer full indemnity to DOS in this regard and keep DOS completely harmless against all costs, losses, injuries, damages, etc. that may arise on account of the CUSTOMER’S breach of any/all terms and conditions of this Agreement..


 


ARTICLE 14. Antrix-SingTel Agreement - Acknowledgement
of CUSTOMER


 


	 	a.	CUSTOMER hereby acknowledges and confirms that that ANTRIX has procured the Capacity i.e., the subject matter of this Agreement from SingTel under an Agreement dated April 18, 2012 only for the purpose of enabling DOS to provision this Capacity to the CUSTOMER for its DTH applications. CUSTOMER further acknowledges that it is the final beneficiary of capacity leased to DOS under the Antrix-SingTel Agreement. Further, CUSTOMER agrees and unconditionally accepts that DOS can provide this capacity if and only if such capacity is provided to DOS thorugh Antrix by SingTel.


 


	 	b.	The CUSTOMER having examined the Antrix-SingTel Agreement in detail confirms that it is aware of the legal and contractual terms and conditions of the Antrix-SingTel Agreement, including the strict nature thereof and unconditionally acknowledges that this Agreement has been executed on a back-to-back basis.


 


 


 




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	 	c.	The CUSTOMER hereby confirms and understands that terms and conditions placed upon it in this Agreement is a consequence of the terms and conditions placed upon Antrix under the Antrix-SingTel Agreement and for that reason, the CUSTOMER unequivocally agrees, confirms and acknowledges that any failure of or breach of any terms or conditions of this Agreement by the CUSTOMER, will as a consequence thereof, lead to a breach of the Antrix-SingTel Agreement. The CUSTOMER further acknowledges and confirms that in such an event, SingTel has certain rights and powers in respect of providing Capacity, including the stoppage of services and this situation may give rise to disputes between ANTRIX and SingTel.


 


	 	d.	The CUSTOMER hereby agrees, confirms and declares that it shall perform and satisfactorily fulfill all its obligations under this Agreement and ensure that there is no breach whatsoever hereof and in case of breach hereof leading to a negative impact upon DOS under the Antrix-SingTel Agreement, the CUSTOMER hereby unconditionally agrees to completely indemnify DOS against all costs, losses, liquidated or other damages, consequences, legal and attorney’s fees, penalties, etc. that may incur to DOS on account of action taken by SingTel under the Antrix-SingTel Agreement for breach thereof.


 


	 	e.	The CUSTOMER is aware that the Agreement dated April 18, 2012 between ANTRIX and Singtel is governed by the laws of England & Wales and the Arbitration in case of disputes, is to be conducted in London in accordance with UNCITRAL Arbitration Rules.


 


	 	f.	Therefore the Parties hereby unconditionally agree that in the event, any dispute(s) arise which may or may not lead to Arbitration between ANTRIX and Singtel, on account of the CUSTOMER’S default of any terms and/or conditions of this Agreement, the CUSTOMER shall keep and hold ANTRIX indemnified and harmless against all costs, injury, damages, losses, etc. that may incur upon ANTRIX, including costs of arbitration and dispute resolution, attorneys fees, other expenses, incidental or otherwise, whatsoever, related thereto.


 


ARTICLE
15.: Intentionally kept blank


 


ARTICLE
16. Assignment


 


CUSTOMER
shall not assign any of its rights or delegate any of its obligations hereunder.


 


 


 




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ARTICLE 17:Sub-lease


 


CUSTOMER
shall not sublease the transponder capacity. For the purposes of this clause, the channels turned around by the CUSTOMER,
time slots allotted to third parties, etc. shall not be construed as sub-lease.


 


ARTICLE 18. Confidentiality


 


Each Party agrees that it will not disclose
(by itself or through any employee or officer) this Agreement or the contents thereof to any person whatsoever, other than as may
be required for the performance of obligations or enforcement of the provisions of this Agreement or as specified herein or as
may be required in pursuance of any law, regulation, rule or order of any authority (legislative, executive or judicial.). This
clause shall continue for the entire duration of this Agreement and for a period of one (1) year after the termination or expiry
of this Agreement, including any extension thereof.


 


ARTICLE 19. Governing Law


 


This Agreement and the rights
and responsibilities of the Parties hereunder, shall be subject to and construed in accordance with the laws of India.


 


ARTICLE 20. Arbitration


 


	 	a.	Any dispute, controversy or claim arising out of or relating to this Agreement or the breach, termination or invalidity thereof, shall be first attempted to be resolved by mutual negotiations between the Parties. In the event, the Parties are not able to arrive at an amicable resolution of their disputes within 30 days of receipt of a written notice of such dispute(s), then the dispute(s) shall be referred to arbitration in accordance with the Arbitration and Conciliation Act, 1996.


 


	 	b.	The Arbitration shall be conducted by a Sole Arbitrator appointed mutually by the Parties. The place of arbitration shall be Bangalore and the Courts in Bangalore alone shall have jurisdiction in that regard. The language to be used in the arbitration proceedings shall be English. The considered decision or award of the arbitral tribunal shall be final and binding upon the Parties to the arbitration proceeding. The costs of the arbitration shall be shared by the Parties or as may be directed by the Arbitral Tribunal.


 


ARTICLE 21. Notices


 


Any communication concerning this Agreement
by each party to the other shall, unless otherwise provided herein, be sufficiently made if sent by registered post acknowledgement
due or by hand-delivery with due acknowledgement or by facsimile immediately followed by registered post to the address hereinafter
specified, confirmed subsequently by registered post.


 


 


 




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	CUSTOMER	:	Bharat Business Channel Limited
	 	 	To the Attn of Mr. Himanshu Patil - C.O.O.
	 	 	1st Floor, Tech Web Building
	 	 	New Link Road
	 	 	Oshiwara,
	 	 	Mumbai, 400102, India
	 	 	Fax No. - +9122 42555050
	 	 	 
	 	 	Mobile No. : +9198202 21518
	 	 	Email id: himanshu.patil@d2h.com
	 	 	 
	DOS	:	Director
	 	 	Satellite Communication Navigation Programme Office,
	 	 	Antariksh Bhavan, New BEL Road
	 	 	Bangalore 560 231
	 	 	Tel: +91 80 2341 5301
	 	 	Email: nprao@isro.gov.in


 


ARTICLE 22. Full Agreement


 


This Agreement constitutes the full
understanding and agreement of the Parties concerning the subject matter thereof, and any prior oral or written agreements and
understandings of the Parties concerning the subject matter of this Agreement are hereby superseded and terminated except the Non-disclosure
Agreement, which shall remain in force during the tenure of this agreement.


 


ARTICLE 23. Amendment


 


The terms and conditions of this Agreement
shall not be varied except by mutual agreement of the Parties in writing.


 


In witness whereof the undersigned,
duly authorised, have signed this Agreement.


 


	For and On Behalf of	For and On Behalf of
	DEPARTMENT OF SPACE	CUSTOMER
	 	 
	/s/ N. Prahlad Rao	/s/ Rajkumar N. Dhoot
	
        Authorised
signatory

        Date: 19/4/2012
	
        Authorised
        signatory Rajkumar N. Dhoot

        Date: 19/4/2012



 





	 	 




 




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Exhibit-A


 








INSAT-ST2 at 88° E


 





SYSTEM CHARACTERISTICS


 





	ST-2

Transponder	 	Uplink Freq 

(GHz)	 	Dnlink Freq 

(GHz)	 	Polarization

Uplink/Downlink
	K6A	 	[**Redacted**]	 	[**Redacted**]	 	[**Redacted**]
	K7A	 	[**Redacted**]	 	[**Redacted**]	 	[**Redacted**]
	K8A	 	[**Redacted**]	 	[**Redacted**]	 	[**Redacted**]
	K9A	 	[**Redacted**]	 	[**Redacted**]	 	[**Redacted**]
	K8B	 	[**Redacted**]	 	[**Redacted**]	 	[**Redacted**]
	K9B	 	[**Redacted**]	 	[**Redacted**]	 	[**Redacted**]
	K6B	 	[**Redacted**]	 	[**Redacted**]	 	[**Redacted**]
	K7B	 	[**Redacted**]	 	[**Redacted**]	 	[**Redacted**]




 


	Polarization	:	[**Redacted**]
	 	 	 
	Each Transponder Bandwidth	:	54 MHz (usable)
	 	 	 
	Coverage Area	:	[**Redacted**]
	 	 	 
	Nominal EIRP	:	As per attached plots
	 	 	 
	Output power	:	[**Redacted**]
	 	 	 
	Automatic Level Control	:	[**Redacted**]
	 	 	 
	Satellite Receive G/T	:	As per attached plots
	 	 	 
	Saturation Flux Density	:	[**Redacted**]
	 	 	 
	Polarisation Discrimination	:	[**Redacted**]


 


 


 




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INSAT ST-2 K2 EIRP footprint:





 


[**Redacted**]


 


                  K2


(54 MHz Transponders)





 


[**Redacted**]



 


 


 




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Exhibit-B


Payment Schedule


 


The Monthly Recurring Charges payable
for 8 transponders of 54 MHz each is US $ 14,33,333.33 per
month (USD Fourteen Lakhs Thirty Three Thousand Three Hundred and Thirty Three and Thirty Three cents only)


 


Terms:


 


	 	1.	Upon signing of the contract, CUSTOMER will require to deposit with DOS a refundable interest-free caution deposit of Rs.21.50 Crores (25% of annual provision rate payment (assuming INR-$ exchange rate as 50) which shall be returned after completion of provision period or upon termination of this contract, whichever is earlier. The caution deposit shall be amended as and when additional transponders are provided to the CUSTOMER.


 


	 	2.	ANTRIX shall use reasonable endeavours to deliver an invoice to CUSTOMER fifteen (15) Business Days prior to the payment due date. The CUSTOMER shall make the payment as per Article 4c.


 


	 	3.	Non-receipt or late receipt of invoice shall not absolve CUSTOMER from its liabilities to pay. In case CUSTOMER does not receive the invoices in time, CUSTOMER shall pay, within the due date, in accordance with the monthly amount mentioned in the invoice for the previous month or in Exhibit B above. Appropriate adjustments shall be made in the subsequently monthly invoice, if required.


 


	 	4.	For the avoidance of doubt, the obligation of CUSTOMER to pay the Charges shall arise regardless of whether an invoice or other notice of such payment from ANTRIX has been given to CUSTOMER.


 


	 	5.	Above price is exclusive of service tax and educational cess. NOCC charges shall be remitted from customer directly to concerned authorities.


 


	 	6.	All payments and charges payable by the CUSTOMER to DOS under the Agreement shall be subject to Indian Income Tax withholding, deductible at source, as may be applicable. CUSTOMER shall provide to ANTRIX the original TDS certificate along with the payment, as outlined in Article 5a.


 


	 	7.	Any direct or indirect taxes and duties, including revision(s) if any, to the existing tariffs, levied by any governmental authority towards provision of transponder capacity shall be borne by the CUSTOMER. ANTRIX shall invoice the same along with the provision charges.


 


 


 




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	 	8.	CUSTOMER shall be liable to pay the provision charges based on the Rupee/Dollar conversion rate applicable on date of invoicing to CUSTOMER. In the event of a variation between the Rupee/Dollar conversion rate at which ANTRIX has invoiced the CUSTOMER and the rate on the date of payment by ANTRIX to Singapore Telecommunications Limited, such variation shall be adjusted on a quarterly basis and shall be payable by/reimbursed to CUSTOMER, as appropriate. Exchange variations as above, shall be calculated and sent to CUSTOMER through a debit/credit note. The remittance of exchange variation(s) shall be made together with the monthly payment for the current month, as per the due date specified in the invoice. Any delay in payment shall attract late payment charges as mentioned in Article 4(e). Excess remittance, if any shall be adjusted in the subsequent payment.


 


	 	9.	The CUSTOMER shall pay to DOS 15 days before the beginning of the relevant period the provision charges through RTGS (as per details given below):


 


	Name of Company	: ANTRIX Corporation Limited
	Bank Name	: Canara Bank
	Account Type	: Current Account
	Branch address	: RMV Extension, Bangalore 560 080
	Account No.	: 0888201000767
	MICR Code	: 560015048
	NEFT & RTGS IFS Code	: CNRB 0000888


 


	 	10.	The CUSTOMER shall inform Antrix about the fund transfer (vide email or telephone call) immediately after the fund is transferred in bank account followed by letter by Post to:


 


Head Accounts & IFA


Antrix Corporation Ltd


Antariksh Bhavan


New BEL Road


Bangalore 560 231.


 


	 	11.	Antrix Corporation Limited, a 100% owned company of Department of Space, shall be the Contract Manager to administer the above said agreement in its entirety and is vested with all powers under this agreement including issue of legal notice and initiating other legal measures.


 


 


 




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 Exhibit
C


 


Satellite User Guide


 


CUSTOMER shall observe the following operating procedures
required to initialize an earth station and commence normal carrier operations on the space segment of the ST-2 Satellite.


 


	 	a.	Transmitted Carrier(s): - The transmitted carrier(s) shall be operated within accepted industry standards and shall be within allocated satellite bandwidth.


 


	 	b.	Transmit Power: - DOS shall authorize a particular transmit power (EIRP) of the transmitting earth station. If the CUSTOMER calculates the particular transmit power, DOS shall review and approve the particular level before CUSTOMER commences access to the satellite.


 


	 	c.	Carrier Dispersal: - CUSTOMER is required to provide enough modulation at all times such that the downlink power flux density at the surface of the earth from the ST-2 Satellite shall not exceed the limits set by the ITU Radio regulations.


 


	 	d.	Polarization Isolation (Transmitting earth station) :- Isolation between orthogonal cross-polarized signals shall be at least 30dB.


The polarization adjustment of the earth station
antenna relative to the satellite shall be maintained to an accuracy of +1.0 Degree.


 


	 	e.	Carrier Line Up : - A line up test with ST-2 Satellite must be performed for each uplink antenna and each carrier assigned. Once the line-up test for the given carrier and antenna is completed, the carrier may not need to be re-tested even though it is not operated continuously.


 


The line-up test includes two parts. The first part
includes the normal cross polarization checks and adjustments of the uplink earth station antenna and the calibration of the carrier’s
uplink power level and frequency to assure the correct receive level (C+N/N) as specified in the transmission plan and/or link
budget. The second part includes the normal coordination with the adjacent satellites to assure compliance with coordination agreements
and to ensure no harmful interference to adjacent satellites is created by operation of the carrier on ST-2 Satellite.


 


 


 




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