Item 8.01 Other Events.

On June 30, 2009, Loral Space & Communications Inc. (the "Company" or "Loral") entered into a letter agreement (the "Agreement") with MHR Capital Partners Master Account LP, MHR Capital Partners (100) LP, MHR Institutional Partners LP, MHRA LP, MHRM LP, MHR Institutional Partners II LP, MHR Institutional Partners IIA LP, and MHR Institutional Partners III LP (collectively the "MHR Funds"). Pursuant to the Agreement, the MHR Funds deferred the Company's obligations under that certain Amended and Restated Registration Rights Agreement, dated December 23, 2008, by and among the Company and the MHR Funds, with respect to the listing of the Company's non-voting common stock on the NASDAQ Global Select Market, pending receipt of written notice from the MHR Funds, whereupon Loral has agreed to use its reasonable efforts to cause the non-voting common stock to be listed on the NASDAQ Global Select Market or such other securities exchange on which Loral common stock is then listed.

The foregoing discussion is qualified in its entirety by reference to the Agreement, a copy of which is attached to this Form 8-K as Exhibit 99.1, and is incorporated in this item by reference.

Item 9.01 Financial Statements and Exhibits.

99.1 Letter Agreement, dated as of June 30, 2009, by and among Loral Space & Communications Inc, MHR Capital Partners Master Account LP, MHR Capital Partners
(100) LP, MHR Institutional Partners LP, MHRA LP, MHRM LP, MHR Institutional Partners II LP, MHR Institutional Partners IIA LP and MHR Institutional Partners
III LP.

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