AMENDMENT
NO. 3


 


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. 3 (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 13th day of June, 2013, 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 and Contractor
entered into Amendment No. 1 to the Contract in which Customer exercised its option to convert one (1) Optional Launch to a Firm
Launch subject to certain conditions;


 


WHEREAS; Customer and Contractor entered
into Amendment No. 2 to the Contract under which the Contract Price could have been adjusted if Contractor did not meet certain
conditions;


 


WHEREAS,
Customer confirms to Contractor that Customer’s exercise of its
option to convert one (1) Optional Launch to a Firm Launch is effective; 


 


WHEREAS, the Parties now desire
to amend Amendment No. 2 to the Contract.


 


WHEREAS, Customer has agreed to
make certain Milestone Payments to Contractor; and


 


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:      Article 7 of Amendment
No. 2 to the Contract is hereby deleted and replaced in its entirety with the following:


 


“Contractor shall provide
to Customer [***] (the “[***]”).”


 


*** 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 3:       Article 8 of
Amendment No. 2 to the Contract is hereby deleted in its entirety.


 


Article 4:     The Parties
agree that Customer will make Non-Recurring Launch Service Milestone and Launch Service Milestone payments to Contractor as follows:


 


		·	Non-Recurring Launch Service Milestones



	 	o	[***]	 	US$[***]
	 	o	[***]	 	US$   [***]


		·	Launch Service Milestone Payment



	 	 	 	 	 
	 	o	[***]	 	US$[***]
	 	o	[***]	 	US$[***]
	 			Total    	US$[***]


 


Payment of the remaining [***] amount to
Contractor shall be contingent on Customer receiving [***] from Contractor.


 


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/ Alexander V. Serkin
	 	 	 	 	 
	Name:	S. Scott Smith	 	Name:	Alexander V. Serkin
	 	 	 	 	 
	Title:	Executive Vice President,	 	Title:	Director General
	 	Satellite Development & 

Operations	 	 	 







 


*** 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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