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ARTICLE 1

ARTICLE 1

 

Modify Article 1 of the Agreement as follows:

1. Include the following subparagraph in paragraph 2:

"INTERSPUTNIK is an open international organization".

2. Add new paragraphs 3 and 4:

"3. For the purpose of this Agreement

"Member of the Organization" means a Government for which this Agreement has become effective;

"Operating Agreement" means the Operating Agreement of the INTERSPUTNIK International Organization of Space Communications;

"Signatory" means a telecommunications entity and/or Telecommunications Administration appointed by a Member of the Organization under Article 2 hereof for which the Operating Agreement has become effective ;

"Space segment of the Organization" means communication satellites with transponders, satellite-borne systems and ground control facilities providing normal operation of the satellites and owned or leased by the Organization;

"Share capital" means the Organization's own capital formed by the Signatories to support the activity of the Organization.

"Property of the Organization" means anything that irrespective of its nature can be the subject of a right of ownership, inclusive contracting and other rights, revenues and interests.

4. According to the provisions hereof the Operating Agreement is concluded."