Exhibit 10.2

 

 

AMENDMENT NO. 6

 

 

TO THE

 

 

CONTRACT FOR LAUNCH SERVICES

 

NO. IS-11-032

 

BETWEEN

 

IRIDIUM SATELLITE LLC

 

AND

 

INTERNATIONAL SPACE COMPANY KOSMOTRAS

 

 

 

*** Certain confidential information contained in this document, marked by
brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.

 

Execution Copy

Iridium & International Space Company Kosmotras Proprietary Information

 

 

--------------------------------------------------------------------------------

 

PREAMBLE

 

This Amendment No. 6 (the “Amendment”) to the Contract for Launch Services No.
IS-11-032, signed on June 14, 2011 between Iridium Satellite LLC and
International Space Company Kosmotras, as amended (the “Contract”) is entered
into on this 22nd day of June, 2015, by and between Iridium Satellite LLC, a
limited liability company organized and existing under the laws of Delaware,
having its office at 1750 Tysons Boulevard, Suite 1400, McLean, VA 22102
(“Customer”) and International Space Company Kosmotras, a Russian company,
having its office at 7, Sergey Makeev St., bld. 2, Moscow 123100, Russian
Federation (“Contractor”).

RECITALS

 

WHEREAS, Customer has elected not to exercise its option to convert the
remaining three (3) Optional Launches to Firm Launches;

 

WHEREAS, the Parties have agreed to revise the Launch Date for the Firm Launch;

 

WHEREAS, the Parties have agreed to revise certain Milestones set forth in
Exhibit C and Exhibit D; and

 

WHEREAS, the Parties now desire to amend Section 2, Exhibit B, Exhibit C and
Exhibit D of the Contract.

 

NOW, THEREFORE, in consideration of the foregoing, the agreements contained
herein, the payments to be made by Customer to Contractor under the Contract and
other good and valid consideration, the receipt and adequacy of which are hereby
expressly acknowledged, and intending to be legally bound, the Parties agree as
follows:

 

Article 1: Capitalized terms used but not defined in this Amendment shall have
the meanings ascribed thereto in the Contract.

 

Article 2: Section 1.4, as set forth below, is hereby added to the Contract”

 

“Section 1.4 Term.  This Contract shall commence on the Effective Date and
continue until the earlier of (a) completion of the last Additional Launch
procured by Customer or (b) termination by either Party in accordance with
Article 17.”

 

Article 3: Section 2.2 of the Contract is hereby deleted and replaced in its
entirety with the following:

 

 

*** Certain confidential information contained in this document, marked by
brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.

Execution Copy

Iridium & International Space Company Kosmotras Proprietary Information

2

 

--------------------------------------------------------------------------------

 

“2.2Additional Launches.

 

2.2.1

Customer may procure up to six (6) additional Launch(es) (“Additional Launches”)
using the next generation  RS-20V Launch Vehicle , that may be exercised at any
time through [***] subject to the availability of Launch Vehicles, that at the
time of such exercise are assigned a Launch Slot ending no later than [***]
(subject to available Launch Opportunities).  The Launch Service Price,
Milestones and Milestone Payments for such Additional Launch(es) under this
Section 2.2.1 shall be the same as set forth in Table D.2 of Exhibit D.  

 

2.2.2

Customer may procure up to three (3) Additional Launches, as follows:

 

(A)

Three (3) Additional Launches using the existing RS-20B Launch Vehicle, that may
be exercised at any time through [***], subject to the availability of Launch
Vehicles, that at the time of such exercise are assigned a Launch Slot ending no
later than [***] (subject to available Launch Opportunities); or

 

(B)

Three (3) Additional Launches using the next generation  RS-20V Launch Vehicle,
that may be exercised at any time through [***], subject to the availability of
Launch Vehicles, that at the time of such exercise are assigned a Launch Slot
ending no later than [***] (subject to available Launch Opportunities); or

 

(C)

Three (3) Additional Launches that are a combination of (A) and (B) above;
provided, however, the total number of Additional Launches procured under this
Section 2.2.2(C) shall not exceed three (3) Additional Launches in the
aggregate.

 

The Launch Service Price, Milestones and Milestone Payments for such Additional
Launch(es) under this Section 2.2.2 shall be the same as set forth in Exhibit D,
Tables D.1 and/or D.2, whichever is applicable.  

 

Article 4: Exhibit B of the Contract is hereby deleted and replaced in its
entirety with the Exhibit B attached hereto.

 

*** Certain confidential information contained in this document, marked by
brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.

Execution Copy

Iridium & International Space Company Kosmotras Proprietary Information

3

 

--------------------------------------------------------------------------------

 

 

Article 5: Exhibit C of the Contract is hereby deleted and replaced in its
entirety with the Exhibit C attached hereto.

 

Article 6: Exhibit D of the Contract is hereby deleted and replaced in its
entirety with the Exhibit D attached hereto.

 

Article 7: This Amendment may be executed and delivered (including via facsimile
or other electronic means) in one or more counterparts, each of which shall be
deemed to be an original, but all of which shall constitute one and the same
agreement.

 

Article 8: All other provisions of the Contract not expressly referred to in
this Amendment remain in full force and effect.

 

 

*** Certain confidential information contained in this document, marked by
brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.

Execution Copy

Iridium & International Space Company Kosmotras Proprietary Information

4

 

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the Parties have executed this Amendment by their duly
authorized officers as of the date set forth in the Preamble.

 

For Customer

 

For Contractor

 

IRIDIUM SATELLITE LLC

 

INTERNATIONAL SPACE COMPANY

KOSMOTRAS

 

Signature:

/s/ S. Scott Smith

 

 

Signature:

 

/s/ Alexander V. Serkin

Name:

S. Scott Smith

 

Name:

Alexander V. Serkin

Title:

Chief Operating Officer

 

Title:

Director General

 

*** Certain confidential information contained in this document, marked by
brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.

Execution Copy

Iridium & International Space Company Kosmotras Proprietary Information

5

 

--------------------------------------------------------------------------------

 

EXHIBIT B

LAUNCH SCHEDULE

 

 

Launch Mission

Start Date of Launch Slot

Launch Date

First Launch (L1)

[***]

[***]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*** Certain confidential information contained in this document, marked by
brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.

Execution Copy

Iridium & International Space Company Kosmotras Proprietary Information

6

 

--------------------------------------------------------------------------------

 

EXHIBIT C

MILESTONE PAYMENT SCHEDULE

 

 

Table C.1 identifies the non-recurring Milestone Payments for the Launch Mission
and Satellite Dispenser Design and Development Payment Milestones.

 

Table C.1 – Non-Recurring Launch Service Milestones

 

Milestone

Milestone Due Date

Milestone Payment %

Milestone Payment (US$)

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

 

Total

[***]

[***]

 

 

*** Certain confidential information contained in this document, marked by
brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.

Execution Copy

Iridium & International Space Company Kosmotras Proprietary Information

7

 

--------------------------------------------------------------------------------

 

EXHIBIT C

MILESTONE PAYMENT SCHEDULE (CONTINUED)

 

 

Table C.2 identifies the recurring Milestone Payments for the Optional Launch
converted to a Firm Launch by Customer.

 

Table C.2 Launch Service Milestone Payments

 

No

Payment Date

Milestone

Milestone Payment (%)

Milestone Payments (US$)

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Launch Service Price

[***]

[***]

 

[***].

 

 

 

*** Certain confidential information contained in this document, marked by
brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.

Execution Copy

Iridium & International Space Company Kosmotras Proprietary Information

8

 

--------------------------------------------------------------------------------

 

EXHIBIT D

ADDITIONAL LAUNCH PRICE

 

 

Table D.1 identifies the recurring Milestone Payments for each of the Additional
Launches using the existing RS-20B Launch Vehicle procured by Customer under
Section 2.2.2(A) and/or (C), whichever is applicable.

Table D.1 Additional Launch Service Milestone Payments

 

No

Payment Date

Milestone

Milestone Payment (%)

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Launch Service Price

100%

 

[***].  

 

*** Certain confidential information contained in this document, marked by
brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.

Execution Copy

Iridium & International Space Company Kosmotras Proprietary Information

9

 

--------------------------------------------------------------------------------

 

EXHIBIT D

ADDITIONAL LAUNCH PRICE (CONTINUED)

 

 

Table D.2 identifies the recurring Milestone Payments for each of the Additional
Launches using the next generation RS-20V Launch Vehicle procured by Customer
under Section 2.2.1 and/or Section 2.2.2(B) and/or (C), whichever is applicable.

 

Table D.2 Additional Launch Service Milestone Payments

 

No

Payment Date

Milestone

Milestone Payment (%)

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

[***]

Launch Service Price

100%

 

[***].

 

[***].

 

[***].

 

*** Certain confidential information contained in this document, marked by
brackets, has been omitted and filed separately with the Securities and Exchange
Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended.

Execution Copy

Iridium & International Space Company Kosmotras Proprietary Information

10