AMENDMENT
NO. 1


 


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. 1 (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 (the “Contract”) is entered into on this 25th day of September, 2012, 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 exercised
its option to convert one (1) Optional Launch to a Firm Launch with a Launch Date of [***];


 


WHEREAS, the Parties have agreed
to adjust the date by which Customer must exercise the remaining five (5) Optional Launches; and


 


WHEREAS, the Parties now desire
to amend Section 5 and Exhibit B 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 5.2.2
of the Contract is hereby modified by (i) deleting the date “[***]” immediately before the text “Customer shall
provide Contractor” in the first line and (ii) inserting the date “[***]” in place thereof.         



 


Article 3: Exhibit B of the
Contract is 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






 




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Article 4: The effective
date of this Amendment shall be the date when all of the following conditions have been fulfilled, as confirmed in writing promptly
upon occurrence:


 


		(A)	Signature of the Amendment by both Parties; and



 


		(B)	Receipt by the Customer of definitive evidence that the
Government(s) of the Russian Federation, Ukraine and/or Kazakhstan, as required, have authorized the continuation of the Dnepr
Launch Program.



 


Article 5: 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 6: All other provisions
of the Contract not expressly referred to in this Amendment remain in full force and effect.


 


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/ Vladimir A. Andreev
	 	 	 	 	 
	Name:	S. Scott Smith	 	Name:	Vladimir A. Andreev
	 	 	 	 	 
	Title:	
        Executive Vice President,

        Satellite Development &

        Operations
	 	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



 




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EXHIBIT B


 


LAUNCH SCHEDULE


 


	Launch Mission	 	Start Date of Launch Slot	 	Launch Date
	[***]	 	[***]	 	[***]
	 	 	 	 	 
	[***]	 	[***]	 	[***]
	 	 	 	 	 
	[***]	 	[***]	 	[***]
	 	 	 	 	 
	[***]	 	[***]	 	[***]
	 	 	 	 	 
	[***]	 	[***]	 	[***]
	 	 	 	 	 
	[***]	 	[***]	 	[***]


 


*** 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



 




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