Exhibit 10.3
 LORAL SPACE & COMMUNICATIONS INC.
2005 STOCK INCENTIVE PLAN
(Amended and Restated as of April 3, 2009)
 Purpose.
  Definitions.
  Affiliate
 Award
 Board
 Cause




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Change in Control
 Code
 Committee
 Company
 Disability
 2




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Dividend Equivalents
 Effective Date
 Eligible Person
 Employer
 Exchange Act
 Expiration Date
 Fair Market Value
 3




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Good Reason
 Initial Option Grant
 Mature Shares
 New Skynet
 New Skynet Sale Event New Skynet
 New SS/L
 New SS/L Sale Event
 Option
 Option Agreement
 4




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Other Stock-Based Awards
 Participant
 Plan
 Plan of Reorganization
 Proprietary Information provided
 Qualified Member
 Restricted Stock
 Restricted Stock Agreement
 Restricted Stock Unit
 Restricted Stock Unit Agreement
 5




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Rule 16b-3
 Section 409A
 Securities Act
 Senior Management Employee
 Settlement Date
 Stock
 Stock Appreciation Right SAR
 Administration.
 Authority of the Committee
 Manner of Exercise of Committee Authority .
 6




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Delegation
 Shares Available Under the Plan.
 Number of Shares Available for Delivery
 Share Counting Rules
 Eligibility; Limitations on Awards.
 7




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Grants to Eligible Persons
 162(m) Limitation
 Options.
 General
 Term
 Exercise Price
 Payment for Stock Section 402 of SOX
 Vesting
 8




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Transferability of Options
 Termination of Employment or Service
    Initial Option Grant
 9




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Stock Appreciation Rights.
 General
 Right to Payment.
 Term
 Grant Price
 Other Terms.
 Termination of Employment or Service
  10




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Restricted Stock.
 General
 Restrictions on Transfer
 Certificates
 11




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Termination of Employment or Service
 Restricted Stock Units
 General Dividend
Equivalents
 Conditions of Grant
 Settlement of Restricted Stock Units
 12




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Settlement Date(s)
 Creditors Rights
 Termination of Employment or Service
 Bonus Stock and Awards in Lieu of Obligations.
  Other Stock-Based Awards.
  Adjustment for Recapitalization, Merger, etc.
 Capitalization Adjustments
 13




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Fractional Shares
 Change in Control
 Change in Control of the Company
 New Skynet or New SS/L Sale Event/Subsidiary Employees
 New Skynet or New SS/L Sale Event/Corporate Headquarters Employees
 14




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Change in Control under Section 409A
 Use of Proceeds.
  Rights and Privileges as a Stockholder.
  Employment or Service Rights.
  Compliance With Laws.
  15




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Withholding Obligations.
  Amendment of the Plan or Awards.
 Amendment of Plan
 No Impairment of Rights
 Amendment of Stock Awards
 Termination or Suspension of the Plan.
 th
 Effective Date of the Plan.
  Miscellaneous.
 Awards to Participants Outside of the United States
 16




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No Liability of Committee Members provided however
 Payments Following Accidents or Illness
 Designation and Change of Beneficiary provided however
 17




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Governing Law
 Funding
 Reliance on Reports
 Titles and Headings
 Section 409A Compliance ab initio provided however
 18




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19