Exhibit 10.1

Confidential treatment has been requested for portions of this exhibit and such
portions have been filed separately with the Commission. The copy filed herewith
omits the information for which confidential treatment has been requested and
replaces it with [***].

Space Systems/Loral

3825 Fabian Way

Palo Alto, CA 94303-4604

USA

 

     26 August 2009      In Reply Cite:      TS/SMS/09/65

[***]

TerreStar Networks Inc.

12010 Sunset Hills Road

Suite 600

Reston, VA 20190

 

Subject:    TerreStar-2 Satellite Program; Stop Work and Restart Reference:   
a) Telecon between [***] and [***] on 26 August 2009

Dear Mr. [***]:

During the Reference a) telecom, the following terms for the TerreStar-2 Restart
were agreed upon:

 

  1. The price for the Restart will be $23.986M. This price is based upon not
having to perform more than one off-site thermal vacuum test for other SS/L
spacecraft. The payment schedule for the above-stated amount will be provided in
a subsequent letter.

 

  2. As date for the availability of the SS/L thermal vacuum testing facility
for TS-2 is not known at this time, the target “ready to ship” date is estimated
to be in the fourth quarter of 2011. There will be no liquidated damages
associated with the “ready to ship” date.

 

  3. The above price does not include the price for the replacement batteries.
The price for the batteries will be determined upon the establishment of the
approximate ship date of the spacecraft.

 

  4. Receipt of the payment of Milestone T2-15, [***], in the amount of [***] is
to be wired to SS/L’s account as soon as possible but no later than 3 weeks from
the date of this agreement.

Please indicate your concurrence with these terms below. Should you have
questions on this matter, please contact [***] on [***] or [***] on [***] (fax:
[***]).

 

Very truly yours,       CONCUR   

 

         TerreStar Networks Inc.          Jeffrey W. Epstein          President
         August 27, 2009

R.A. Haley

Senior Vice President and

Chief Financial Officer

 

1

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

Confidential treatment has been requested for portions of this exhibit and such
portions have been filed separately with the Commission. The copy filed herewith
omits the information for which confidential treatment has been requested and
replaces it with [***].

 

Space Systems/Loral

3825 Fabian Way

Palo Alto, CA 94303-4604

USA

 

     23 September 2009      In Reply Cite:      TS/SMS/09/67

[***]

TerreStar Networks Inc.

12010 Sunset Hills Road

Suite 600

Reston, VA 20190

 

Subject:    TerreStar-2 Satellite Program; Stop Work and Restart Payment Plan
Reference:    a) TS-2 Restart Agreement, dated 26 August 2009

Dear Mr. [***]:

In Item 1 of the Reference a) agreement, SS/L stated that a payment schedule for
the Restart Effort would be provided in a subsequent letter. This matter has
been discussed between [***] of TerreStar and [***] of SS/L and verbal agreement
was reached on the following payment plan:

 

No.

   STOP/STORE/RESTART
(RS) MILESTONES   AMOUNT   INOICE DATE

RS 1

   [***]     [***]   [***]

RS 2

   [***]     [***]   [***]

RS 3

   [***]     [***]   [***]

RS 4

   [***]     [***]   [***]

RS 5

   [***]     [***]   [***]

RS 6

   [***]     [***]   [***]    Total Restart=   $ 23,986,000  

Payment is due 30 days after receipt of invoice.

Please provide your written concurrence below. Should you have questions on this
matter, please contact [***] on [***] or [***] on [***] (fax: [***]).

 

Very truly yours,       CONCUR   

 

         TerreStar Networks Inc.          Jeffrey W. Epstein          President
         October 2, 2009

S.M. Smith

Cc: [***]

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

Confidential treatment has been requested for portions of this exhibit and such
portions have been filed separately with the Commission. The copy filed herewith
omits the information for which confidential treatment has been requested and
replaces it with [***].

 

EXHIBIT E – TerreStar Satellite Program – TerreStar 2

Payment Plan and Termination Liability Amounts

(not including Orbital Performance Incentive Payments)

January 12, 2010        (US$)

[***]

 

Payment Number

 

TerreStar 2 Time

Payment Due Dates

 

Payments

 

Cumulative Payment Amount
& Termination Liability
Amount **

 

Time Payments / Program
Milestones

T2-1

    [***]   [***]   [***]

T2-2

    [***]   [***]   [***]

T2-3

    [***]   [***]   [***]

T2-4

    [***]   [***]   [***]

T2-5

    [***]   [***]   [***]

T2-5a

    [***]   [***]   [***]

T2-6

    [***]   [***]   [***]

T2-7

    [***]   [***]   [***]

T2-8

    [***]   [***]   [***]

T2-8a

    [***]   [***]   [***]

T2-9

    [***]   [***]   [***]

T2-10

    [***]   [***]   [***]

T2-10a

    [***]   [***]   [***]

T2-11

    [***]   [***]   [***]

T2-11a

    [***]   [***]   [***]

T2-12

    [***]   [***]   [***]

T2-13

    [***]   [***]   [***]

T2-13a

    [***]   [***]   [***]

T2-14

    [***]   [***]   [***]

T2-15

    [***]   [***]   [***]

T2-15a

    [***]   [***]   [***]

T2-15b

    [***]   [***]   [***]

T2-15c

    [***]   [***]   [***]

T2-15d

    [***]   [***]   [***]

T2-16

  [***]   [***]   [***]   [***]

T2-17

  [***]   [***]   [***]   [***]

T2-18

  [***]   [***]   [***]   [***]

T2-19

    [***]   [***]   [***]

T2-19a

    [***]   [***]   [***]

T2-20

    [***]   [***]   [***]

T2-21

    [***]   [***]   [***]

T2-22

    [***]   [***]   [***]

T2-23

    [***]   [***]   [***]

T2-24

  [***]   [***]   [***]   [***]

T2-25

  [***]   [***]   [***]   [***]

T2-26

    [***]   [***]   [***]

T2-27

    [***]   [***]   Launch Satellite         Complete IOT **

Total Satellite Amount =

  218,717,357    

 

** Orbital Performance Incentive amounts shall be paid in accordance with
Article 13.

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

Confidential treatment has been requested for portions of this exhibit and such
portions have been filed separately with the Commission. The copy filed herewith
omits the information for which confidential treatment has been requested and
replaces it with [***].

 

TerreStar 2 Program

Contract Change Request/Notice

 

Contract Number    Effectivity    Number N/A    TerreStar-2    TS2-CCN-01R
Subject/Title       Date submitted Program Restart    February 25, 2010
Document(s) Affected       Terms and Conditions; Exhibit E       Paragraph
Number    Description of Change    various       Description of Changes      

Terms and Conditions:

 

  1. Article 3 – Deliverable Item and Delivery Schedule

Under the “Delivery Date” column of Item 1 of Article 3.1, replace “March 4,
2009” with “TBD (estimated October 2011)”.

 

  2. Article 4 – Price

Under the “TerreStar 2 Amount” column of Item 1 o Article 4, replace
“$191,697,000” with “$218,717,357*”,

Under Item 5 of Article 3.1, add the following footnote: “* This Price does not
include the price for the replacement batteries. The price of the batteries will
be determined upon the establishment of the date of the shipment of the
spacecraft.

 

  3. Article 22 – Liquidated Damages for Late Satellite Delivery

The title and contents of this Article are deleted.

Exhibit E

Delete the Exhibit E dated “November 16, 2007”, and replace with the attached
Exhibit E, dated January 12, 2010.

 

Justification                The changes reflect agreements between TererStar
and Space Systems/Loral in SS/L letter (-65), dated 26 August 2009, and SS/L
letter (-67), dated 23 September 2009, regarding the Restart of the TerreStar 2
Program (letters attached). However, the estimated delivery date of December
2011 set forth in the 26 August 2009 letter has been revised to “TBD (estimated
October 2011” by this CCN. Contract Impacts               

The Contract impacts are set forth above.

           

SS/L Contract Manager

  

Customer Approval

Name

  

Signature

   Date   

Name

  

Signature

   Date

LOGO [g43623g01q69.jpg]

 

S. Smith

      2/25/10    Vincent Loiacono       2/25/2010

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