Exhibit 4.1



 Exhibit 4.1 
 FOURTH SUPPLEMENTAL INDENTURE (this “Fourth Supplemental Indenture”), dated as of April 25, 2012, among INTELSAT JACKSON HOLDINGS S.A., a société anonyme
existing under the laws of Luxembourg (the “Issuer”), INTELSAT SUBSIDIARY (GIBRALTAR) LIMITED and INTELSAT NEW DAWN (GIBRALTAR) LIMITED, each a company incorporated under the laws of Gibraltar (together, the “New
Guarantors”) and each a subsidiary of the Issuer, and Wells Fargo Bank, National Association, a national banking association, as trustee under the indenture referred to below (the “Trustee”). 

RECITALS 
 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 September 30, 2010, providing for the issuance of the Issuer’s 7 1/4% Senior Notes due 2020 (the “Notes”), initially in the aggregate principal amount of $1,000,000,000; 
 WHEREAS, Section 4.11 of the Indenture provides that under certain circumstances the Issuer is required to cause the New Guarantors to execute and deliver to the Trustee a supplemental indenture
pursuant to which 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 New Guarantors desire to execute and deliver to the Trustee this Fourth Supplemental Indenture pursuant to which 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 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. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing and for other
good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantors, the Issuer 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 terms “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. 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 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, AND FOR THE AVOIDANCE OF DOUBT, THE APPLICABILITY OF ARTICLE 86 TO 94-8 OF THE AMENDED LUXEMBOURG LAW ON COMMERCIAL COMPANIES SHALL BE
EXECUTED. 
 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 affect the construction thereof.








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

					
	INTELSAT JACKSON HOLDINGS S.A.
		
	By:	 	 /s/ Phillip L. Spector

		 	Name:	 	Phillip L. Spector
		 	Title:	 	Deputy Chairman and Assistant Secretary
	
	 EXECUTED as a deed by
INTELSAT SUBSIDIARY (GIBRALTAR) LIMITED acting by:

		
	By:	 	 /s/ Louis B. Triay

		 	Name:	 	Louis B. Triay
		 	Title:	 	Director
		
	By:	 	 /s/ Tristan Cano

		 	Name:	 	Tristan Cano
		 	Title:	 	Director
	
	 EXECUTED as a deed by
INTELSAT NEW DAWN (GIBRALTAR) LIMITED acting by:

		
	By:	 	 /s/ Louis B. Triay

		 	Name:	 	Louis B. Triay
		 	Title:	 	Director
		
	By:	 	 /s/ Tristan Cano

		 	Name:	 	Tristan Cano
		 	Title:	 	Director









 
					
	 Wells Fargo Bank, National Association, as Trustee

		
	By:	 	 /s/ Martin Reed

		 	Name:	 	Martin Reed
		 	Title:	 	Vice President