----

----

----

----

|                                   |                                                                                       | Pages |
|----------------------------------------|--------------------------------------------------------------------------------------------|-------|
| RECITALS                               |                                                                                       | 5     |
| ARTICLE      1  -            | DEFINITIONS                                                                                | 6     |
| ARTICLE      2  -            | SUBJECT      OF THE AGREEMENT                                                              | 10    |
| ARTICLE      3  -            | CONTRACTUAL      DOCUMENTS                                                                 | 11    |
| ARTICLE      4  -            | ARIANESPACE'S      SERVICES                                                                | 12    |
| ARTICLE      5  -            | CUSTOMER'S      COMMITMENTS                                                                | 13    |
| ARTICLE      6  -            | LAUNCH      SCHEDULE                                                                       | 14    |
| ARTICLE      7  -            | COORDINATION      BETWEEN ARIANESPACE AND CUSTOMER                                         | 16    |
| ARTICLE      8  -            | REMUNERATION                                                                               | 17    |
| ARTICLE      9  -            | RESERVED                                                                                   | 19    |
| ARTICLE      10  -           | PAYMENT      FOR SERVICES                                                                  | 20    |
| ARTICLE      11  -           | LAUNCH      POSTPONEMENTS                                                                  | 24    |
| ARTICLE      12  -           | RIGHT      OF OWNERSHIP AND CUSTODY                                                        | 28    |
| ARTICLE      13  -           | REPLACEMENT      LAUNCH                                                                    | 29    |
| ARTICLE      14  -           | ALLOCATION      OF POTENTIAL LIABILITIES AND RISKS                                         | 31    |
| ARTICLE      15  -           | INSURANCE                                                                                  | 34    |
| ARTICLE      16  -           | OWNERSHIP      OF DOCUMENTS AND WRITTEN INFORMATION CONFIDENTIALITY/PUBLIC      STATEMENTS | 37    |
| ARTICLE      17  -           | PERMITS      AND AUTHORIZATIONS - GROUND STATIONS                                          | 39    |
| ARTICLE      18  -           | TERMINATION      BY CUSTOMER                                                               | 40    |
| ARTICLE      19  -           | TERMINATION      BY ARIANESPACE                                                            | 43    |
| ARTICLE      20  -           | APPLICABLE      LAW                                                                        | 44    |
| ARTICLE      21  -           | ARBITRATION                                                                                | 45    |
| ARTICLE      22  -           | COMPLIANCE      WITH U.S. LAWS AND DIRECTIVES                                              | 46    |
| ARTICLE      23  -           | MISCELLANEOUS                                                                              | 47    |
| ARTICLE      24  -           | EFFECTIVE      DATE                                                                        | 49    |
| ANNEX      1 – STATEMENT OF WORK |                                                                                       |

----

----

| WHEREAS | CUSTOMER      and ARIANESPACE entered into a Launch Services Agreement dated 5 September      2007 to launch TWENTY FOUR (24) Satellites through FOUR (4) Firm Launches,      with the option to launch TWENTY FOUR (24) additional Satellites by means      of the SOYUZ Launch Vehicle from the SOYUZ Launch Site in Kourou, or      Baikonur, and |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| WHEREAS | The      Parties have modified the Launch Services Agreement through Amendments #1      dated 9 July 2008 and #2 dated 24 June 2009,and |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|

| WHEREAS | The      Parties wish to hereby restate the entire Launch Services Agreement as      previously amended, including the terms and conditions, as set forth      herein, and |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| WHEREAS | CUSTOMER      has accepted such Launch Services, being aware of the particular risks      involved in any launch operation and of the complex nature of the      technologies involved, and the Parties have reached an agreement in      accordance with the terms and conditions set forth  herein. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| a) | any      individual or legal entity governed by private or public law that has      directed ARIANESPACE to proceed with the Launch Services or has any      interest in the Launch Services, including without limitation, a legal      interest in the Launch Vehicle shall be deemed to be an Associate of      ARIANESPACE; and |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | any      individual or legal entity governed by private or public law that has      directed CUSTOMER to proceed with the Launch Services, or has any interest      in the Satellite(s) to be launched, including without limitation,      insurers, any person or entity to whom CUSTOMER has sold or leased,      directly or indirectly, or otherwise agreed to provide any portion of the      Satellite(s) shall be deemed to be an Associate of    CUSTOMER. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

| 3.1 | This      Agreement consists of the following two parts which are contractually      binding between the Parties: the herein Terms and Conditions and Annex 1,      the Statement of Work, Rev 0 Issue 1 dated September 5th      2007, as may thereafter be amended from time to time by the Parties, which      Statement of Work is incorporated by reference and made a part      hereof. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | In      the event of any inconsistency between the Terms and Conditions and the      Annex,   the Terms and Conditions shall have precedence      over the Annex. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 4.1 | ARIANESPACE      shall, for the FOUR (4) Firm Launches and for the Optional Launch, if the      Launch Option has been exercised by CUSTOMER, perform the Services under      this Agreement including: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 4.1.1 | Launch      Services; |
|--|-------|-----------------------|

|   | 4.1.2 | Associated      Services: subject to any further additional orders of CUSTOMER, one or      more of the services as set forth in Part 6 of Annex 1 to    this | Agreement. |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|

| 4.2 | Launch      Services for each Firm and/or Optional Launch, except for Postlaunch      Services, shall be deemed to be completed by ARIANESPACE upon Lift-off or      upon Launch Failure. ARIANESPACE shall not assume any further liability      for said Launch Services, except as expressly provided in this Agreement.      In the event that, for any reason whatsoever, a Terminated Ignition occurs      followed by Launch Termination, ARIANESPACE shall postpone the Launch in      accordance with the conditions set forth in Article 11 of this      Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.3 | Launch      Option |
|-----|--------------------|

|  |   | ARIANESPACE      undertakes to maintain ONE (1) Launch Option available to CUSTOMER and to      be exercised by CUSTOMER in accordance with the terms of Article 6 and      subject to the conditions below. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |   | ARIANESPACE      shall be obligated for: |
|--|--------|------------------------------------------|

|  | (i) | ONE      (1) Optional Launch in addition to the FOUR (4) Firm Launches if noLaunch      Failure has occurred and/or no failure to accomplish the SatelliteMission      or the Launch Mission hasoccurred; |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |   | or |
|--|--------|----|

|  | (ii) | ONE      (1) Optional Launch in addition to the FOUR (4) Firm Launches and ONE (1)      Replacement Launch in case of one Launch Failure or one failure to the      Satellite Mission or to the Launch Mission has  occurred. |
|--|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4 | Launch      Site Selection |
|-----|----------------------------|

|  |   | The      Launch Site for the FOUR (4) Firm Launches shall be the SOYUZ launch      complex at the Baikonur Space Center (BSC), in Baikonur,      Kazakhstan. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |   | ARIANESPACE      shall inform CUSTOMER of the Launch Site selected for the Optional Launch,      if any, by written notice to be received no later than TWELVE (12) months      prior to the first day of the associated Launch Period as defined in      accordance with Article 6 herein. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |   | It      is hereby mutually understood by the Parties that none of the Firm      Launches or the Optional Launch provided under this Agreement shall be      performed on the first Soyuz to be launched from  CSG. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 5.1 | CUSTOMER      shall fulfill the technical commitments set forth in Part 3 of      Annex 1 to this Agreement including, without limitation, delivery of      the Satellite(s) to the Launch Site  within the time limits      consistent with the launch schedule set forth  herein. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | CUSTOMER      shall promptly notify ARIANESPACE in writing of any event that may cause a      delay to L. |
|-----|-----------------------------------------------------------------------------------------------------------|

| 5.3 | CUSTOMER      will have the possibility to exercise the Launch Option under      sub-paragraph 4.3 of Article 4 of this Agreement, in addition to the      TWENTY-FOUR (24) CUSTOMER Satellites to be launched through the FOUR (4)      Firm Launches under this Agreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | ARIANESPACE      becomes bankrupt or insolvent or has a receiving order made against it, or      takes the benefit of any status or legislation related to bankruptcy or      insolvent debtors, or if an order is made or resolution passed for the      winding-up ofARIANESPACE;  or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | If,      following a CUSTOMER request for a single Launch Period in accordance with      sub-paragraph 6.2.2, the first day of the nearest available Launch Period      proposed by ARIANESPACE is more than TWELVE (12) months later than the      first day of the Launch Period requested by  CUSTOMER. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 6.1 | Launch      Term |
|-----|------------------|

| 6.2 | Launch      Period |
|-----|--------------------|

|   | 6.2.1 | Firm      Launches |
|--------|-------|--------------------|

|  | (A) | Firm      Launch N° 1 |
|--|-----|----------------------------|

|  |   | (i)      CUSTOMER shall notify ARIANESPACE by written notice to be received no      later than THIRTEEN (13) months prior to the first day of the Launch      Period desired by CUSTOMER for the corresponding Firm Launch N°1, being      further agreed that the such Launch Period shall not be earlier than the      provisional Launch Period defined in sub-paragraph (A)(ii)      hereinafter. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |   | Within      ONE (1) month of receipt of CUSTOMER’s notice, ARIANESPACE shall inform      CUSTOMER whether a Launch Opportunity exists within the desired Launch      Period at CSG and if not will allocate the nearest subsequent Launch      Period within which a Launch Opportunity exists and reserve the same      Launch Period at BSC. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |   | (ii)For      the purpose of Article 10 and Article 18, the first day of the provisional      Launch Period of Firm Launch N°1 is January 05,  2010. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | B) | Firm      Launches N° 2, 3 and 4 |
|--|----|---------------------------------------|

|  |   | (i)      For each of the Firm Launches N° 2 and 3 and 4, CUSTOMER shall notify      ARIANESPACE by written notice to be received no later than TWELVE (12)      months prior to the first day of the Launch Period desired by CUSTOMER for      the corresponding Firm Launch, being further agreed that such Launch      Periods shall not be earlier than the respective provisional Launch      Periods defined in sub-paragraph (B) (ii)  hereinafter. |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |   | Within      ONE (1) month of receipt of CUSTOMER’s notice, ARIANESPACE shall inform      CUSTOMER whether a Launch Opportunity exists within the desired Launch      Period at CSG and if not will allocate the nearest subsequent Launch      Period within which a Launch Opportunity exists and reserve the same      Launch Period at BSC. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |   | (ii)      For the purpose of Article 10 and Article18: |
|--|--------|--------------------------------------------------------|

|  | · | The      provisional Launch Periods for Firm Launches N°2, 3 and 4 shall be as      follows: |
|--|--------|---------------------------------------------------------------------------------------------------|

----

|  | - | The      first day of the provisional Launch Period for Firm Launch N°2 is April      05, 2010; |
|--|---|------------------------------------------------------------------------------------------------------|

|  | - | The      first day of the provisional Launch Period for Firm Launch N°3 is June 05,      2010;  and |
|--|---|--------------------------------------------------------------------------------------------------------------------|

|  | - | The      first day of the provisional Launch Period for Firm Launch N°4 is August      05, 2010. |
|--|---|-------------------------------------------------------------------------------------------------------|

|   | 6.2.2 | Optional      Launch |
|--------|-------|----------------------|

|   | (i) | CUSTOMER      shall notify ARIANESPACE by written notice to be received no later than      TWELVE (12) months prior to the first day of the Launch Period desired by      CUSTOMER for the Optional Launch, being further agreed that such Launch      Period shall not be earlier than the provisional Launch Period defined in      sub-paragraph (ii) hereinafter. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | For      the purpose of Article 10 and Article 18, the provisional Launch Period      for the Optional Launch shall be defined at option exercise. The first day      of the provisional Launch Period shall not be earlier than EIGHTEEN (18)      months following option exercise. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3 | Taking      into account available Launch Opportunities, the Launch Slot within the      Launch Period shall be determined by mutual agreement of the Parties no      later than SIX (6) months prior to the first day of the Launch      Period. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.4 | Based      on a proposal made by ARIANESPACE, by mutual agreement of the Parties, the      Launch Day within the Launch Slot shall be determined, no later than THREE      months prior to the first day of the Launch  Slot. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.5 | In      the event that, for any reason whatsoever, the Parties fail to agree upon      the Launch Slot within the Launch Period or the Launch Day, ARIANESPACE      shall determine said Launch Slot or the Launch Day, taking into account      the available Launch Opportunities, and the requirements and respective      interests of the Parties. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.1 | CUSTOMER      and ARIANESPACE shall each designate a program director ("Program      Director") no later than ONE (1) month following  EDC. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | The      Program Directors shall supervise and coordinate the performance of the      Services and the technical commitments of the respective Parties within      the Launch Services schedule set forthherein. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.3 | Each      Program Director shall have sufficient powers to be able to settle any      technical issues that may arise during the performance of this Agreement,      as well as any day-to-day management issues.  Should the Program      Directors have unresolved technical issues, such issues will be escalated      to the respective senior technical management of the Parties. Should the      Program Directors have unresolved programmatic issues, such issues will be      escalated to the respective senior management of the    Parties. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4 | A      Party may replace its Program Director by prior written notice to the      other Party, signed by an authorized official, indicating the effective      date of designation of the new ProgramDirector. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 8.1 | The      remuneration to ARIANESPACE for the provision of Launch Services is a firm      fixed price, as follows: |
|-----|-------------------------------------------------------------------------------------------------------------------|

|   | A | For      the Firm Launch Services: |
|--------|---|------------------------------------|

|  | (i) | For      each of the three first FirmLaunches: |
|--|-----|------------------------------------------------|

|  | (ii) | For      the fourth Firm Launch: |
|--|------|----------------------------------|

|  | B  | For      the Optional Launch Services: |
|--|---------|----------------------------------------|

|  | (i) | The      firm fixed price of the Optional Launch Services exercised by CUSTOMER for      a Launch to take place on or prior to 31 December 2010  is: |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (ii) | The      price of the Optional Launch Services exercised by CUSTOMER for a Launch      to take place on or after 1 January 2011 up to and including 31 December      2013, shall be as follows: |
|--|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (iii) | The      price and terms and conditions applicable to the Optional Launch Services      requested by CUSTOMER for a Launch to occur after 31 December 2013, shall      be negotiated in good faith by theParties. |
|--|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.2 | With      respect to Articles 10 and 18, and for the Optional Launch, it is agreed      that the Launch Services prices as set forth in Sub-paragraph 8.1(B) (ii)      and the prices for Associated Services shall be escalated, prorata, on a      quarterly basis from 1 January 2011 to L* (L* being the first day of the      provisional Launch Period selected at Optional Launch exercise) by an      escalation rate of [*]% per quarter. Said escalation rate is      provisional. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | 50%      on a Western European producer price growth  index, |
|--------|--------|--------------------------------------------------------------|

|   | · | 25%      on a worldwide steel price growthindex, |
|--------|--------|--------------------------------------------------|

|   | · | 25%      on a Russian labor cost growthindex. |
|--------|--------|-----------------------------------------------|

| 8.3 | All      prices, expenses, and charges set forth in this Agreement shall be free      from any and all taxes and other duties of any country where the Services      or work are performed.  For the sake of clarification,      ARIANESPACE shall be responsible for all taxes or duties of any French tax      authority or the authority of any country where Services or work are      performed by ARIANESPACE and/or itssuppliers. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | 10.1 | Payment      of the remuneration under Paragraph 8.1 of Article 8 of this Agreement      shall be made in accordance with the following payment      schedule: |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1.1      For each Firm Launch Services: |
|--------|--------------------------------------------|

| DUE DATE                  |   | Total amount in US$ for each FirmLaunch referred in the sub-paragraph8.1 (A) of Article 8 of this Agreement |
|--------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| EDC                            |   | [*]                                                                                                                                                                                              |
| EDC      + 6 months            |   | [*]                                                                                                                                                                                              |
| EDC      + 12 months           |   | [*]                                                                                                                                                                                              |
| L*      - 9 months             |   | [*]                                                                                                                                                                                              |
| L*      - 6 months             |   | [*]                                                                                                                                                                                              |
| L*      - 3 months             |   | [*]                                                                                                                                                                                              |
| Launch      Associated Payment |   | [*][*]                                                                                                                                                                                           |
| Total                          |   | 52 500      000 for Launch 1, 2 and 358 500 000      for Launch4                                                                                                                  |

----

|   | 10.1.2      For the Optional Launch Services: |
|--------|-----------------------------------------------|

| DUE DATE                         |   |  Percentage of the Launch ServicesPrice for the Optional Launch referred inthe sub-paragraph 8.1 (B) of Article 8 ofthis Agreement  |
|---------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Optional      Launch Date of Exercise |   |   [*]%                                                                                                                                                                                                                        |
| L*      - 18 months                   |   |   [*]%                                                                                                                                                                                                                        |
| L*      - 15 months                   |   |    [*]%                                                                                                                                                                                                                  |
| L*      - 12 months                   |   |    [*]%                                                                                                                                                                                                                  |
| L*      - 9 months                    |   |    [*]%                                                                                                                                                                                                                  |
| L*      - 6 months                    |   |    [*]%                                                                                                                                                                                                                  |
| L*      - 3 months                    |   |    [*]%                                                                                                                                                                                                                  |
| Launch      Associated Payment        |   |   [*]%                                                                                                                                                                                                                        |
| TOTAL                                 |   | 100%                                                                                                                                                                                                                                    |

| 10.2 | Payment      for Associated Services |
|------|--------------------------------------|

|  | 10.2.1 | Payment      for Associated Services ordered by CUSTOMER under Part 6 of Annex 1      to this Agreement, for which a firm fixed price has been established,      shall be due as of the date set forth in said  Annex. |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 10.2.2 | Payment      for Associated Services ordered by CUSTOMER under Part 6 of Annex 1      to this Agreement, for which no total firm fixed price can be determined      in advance, shall be due on the date on which CUSTOMER terminates use of      the relevant Associated Services. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | Terms      and Conditions of Payment/ARIANESPACE'sInvoices |
|------|------------------------------------------------------------|

----

|  | 10.3.1 | Where      this Agreement determines a precise payment date, payment has to be made      at such date or within THIRTY (30) days from receipt of ARIANESPACE's      corresponding invoice, whichever is later, except for the first payment      provided under this Agreement, for which invoice will be presented and      paid within FIVE (5) business days following  EDC. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 10.3.2 | Where      the Agreement does not determine a precise payment date, payment has to be      made at the date when payment becomes due or within THIRTY (30) days of      receipt of ARIANESPACE corresponding invoice, whichever is      later. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 10.3.3 | ARIANESPACE      invoices shall be sent by electronic mailto: |
|--|--------|---------------------------------------------------------------|

|  | 10.3.4 | Payments      shall be made to the account designated on the relevant invoice by      electronic bank transfer, without charge to ARIANESPACE. A notice of such      payment shall be sent toARIANESPACE. |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 10.3.5 | CUSTOMER's      payments shall be in the amounts invoiced by ARIANESPACE, and shall be      made net, free and clear of any and all taxes, duties, or withholdings      that may be imposed in the Country of CUSTOMER and the Country from which      they are paid so that ARIANESPACE receives each such payment in its      entirety as if no such tax, duty, or withholding had been      made. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | Late      Payment |
|------|-------------------|

----

| 10.5 | Waiver      of Deferral, Withholding or Set-off |
|------|-------------------------------------------------|

----

| 11.1 | Each      postponement of the Launch Period, the Launch Slot, the Launch Day or the      Launch Time, for whatever reason, shall, for each particular Firm and/or      Optional Launch under this Agreement, be governed solely by the terms and      conditions provided in this Article 11. The Parties hereto expressly      waive, renounce, and exclude any and all rights and remedies that may      arise at law or in equity with respect to postponements that are not      stated in this Article 11 or elsewhere in this Agreement, including but      not limited to any right to seek consequential, special, incidental or      punitive damages. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.2 | Postponements      requested by CUSTOMER |
|------|------------------------------------------|

|  | 11.2.1 | CUSTOMER      shall have the right for any reason whatsoever, at any time, to postpone      the Launch Period and, once determined, the Launch Slot or the Launch Day.      The CUSTOMER's written notice for postponement shall indicate the new      requested (i) Launch Period, or (ii) Launch Slot, or (ii) Launch Day, as      the case may be. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | after      the start of the related Launch Campaign,or |
|--------|-----|--------------------------------------------------------|

|   | (ii) | within      an intermediate period not exceeding FIFTEEN (15) days separating the last      day of the most recently completed Launch Campaign and the scheduled first      day of the related Launch Campaign, |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | 11.2.1.1 | If      the CUSTOMER's written request relates to a Launch Period or a Launch Slot      postponement, within ONE (1) week of receipt of such request, ARIANESPACE      shall inform CUSTOMER whether a Launch Opportunity exists within the      Launch Period, or within the Launch Slot requested, or will propose a new      Launch Period or Launch Slot. CUSTOMER shall have FIFTEEN (15) days      following receipt of ARIANESPACE's proposal to consent thereto in writing.      In the event ARIANESPACE’s counterproposal is not acceptable to CUSTOMER,      the Parties shall mutually agree within the TWO (2) following weeks to an      alternative Launch Opportunity as near as possible to CUSTOMER’s      request. |
|--------|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.2.1.2 | If      the CUSTOMER's written request relates to a Launch Day postponement, the      choice of a new Launch Day shall be made by mutual agreement of the      Parties, taking into account the technical needs and interests of CUSTOMER      and of ARIANESPACE, the time necessary for the revalidation of the launch      assembly complex consisting of the SOYUZ Launch Vehicle, the Launch Site,      and the payload preparation assembly (EPCU), and meteorological      forecasts. |
|--------|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.2.1.3 | Notwithstanding      the terms of 11.2.1 CUSTOMER can stop the final countdown sequence until      Launch Time – 20 seconds. In the event that CUSTOMER has requested such      postponement and technical reasons, including, without limitation,      meteorological reasons preventing ARIANESPACE from performing the      considered Launch on the Launch Day, the postponement shall be considered      to be a postponement of the LaunchDay. |
|--------|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |   | In      the event that any Firm Launch is postponed by CUSTOMER beyond 31 December      2011, the related Launch Associated Payment and Associated Services prices      related to services yet to be performed shall be escalated by [*] per      quarter from 01 January 2011 and pro rata to the revised Launch      Day. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 11.2.1.4 | In      the event that the aggregate duration of postponements requested by      CUSTOMER for the Optional Launch exceeds TWELVE (12) months, the related      Launch Associated Payment and Associated Services prices for services yet      to be performed shall be escalated by [*] per quarter, starting from the      first day of the Launch Period established in accordance with      Sub-paragraph 6.2.2(i) of Article 6 under this Agreement and pro rata to      the revised Launch Day. |
|--------|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.3 | Launch      postponement requested byARIANESPACE |
|------|--------------------------------------------------|

----

|  | (ii) | within      an intermediate period not exceeding FIFTEEN (15) days separating the last      day of the most recently completed Launch Campaign and the scheduled first      day of the related LaunchCampaign, |
|--|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 11.3.1 | ARIANESPACE      shall have the right to postpone the Launch Period and when determined,      the Launch Slot or the Launch Day for the following    reasons: |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | a) | ARIANESPACE      or its Associates encounter technical problems that prevent the Launch      and/or the Launch Mission from taking place under satisfactory conditions      of safety or reliability. |
|--|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | b) | ARIANESPACE      is requested to perform a replacement launch or to launch scientific      satellite(s) whose missions may be degraded in the event of      postponement. |
|--|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | c) | ARIANESPACE      postpones another contracted launch having an earlier  Launch      Period or Launch Slot than CUSTOMER's  Satellite(s). |
|--|----|----------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 11.3.2 | The      Parties shall determine by mutual agreement a new Launch Period and/or a      new Launch Slot as near as possible to the postponed one in accordance      with the following criteria: |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | - | Launch      Opportunities; |
|--------|---|----------------------------|

|   | - | launch      rank of Customer's Firm Launch or Optional  Launch; |
|--------|---|-----------------------------------------------------------------|

|  | 11.3.3 | Any      postponement by ARIANESPACE of the Launch Period, Launch Slot or Launch      Day due to CUSTOMER's non-fulfillment of its obligations under this      Agreement shall be considered to be requested by CUSTOMER in accordance      with Paragraph 11.2 above as of the date of ARIANESPACE's decision to      postpone the launch. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 11.4 | Any      postponement provided for in this Article 11 shall not modify the payment      schedule set forth in Paragraph 10.1 of Article 10 of this      Agreement. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 12.1 | The      obligations of ARIANESPACE under this Agreement are strictly limited to      the Services, and CUSTOMER acknowledges and agrees that at no time shall      it have any right of ownership of, any other right in, or title to, the      property that ARIANESPACE shall use in connection with the Launch      Services, or shall place at CUSTOMER's disposal for the purpose of this      Agreement, including, without limitation, the Launch Vehicle and the      Launch Site of ARIANESPACE. Said property shall at all times be considered      to be the sole property ofARIANESPACE. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.2 | ARIANESPACE      acknowledges and agrees that at no time shall it have any right of      ownership, or any other right in, or title to, the property that CUSTOMER      shall use for the Launch Services and the interface tests, including,      without limitation, the Satellites and all equipment, devices and software      to be provided by CUSTOMER on the Launch Site. Said property shall at all      times be considered to be the sole property of  CUSTOMER. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.3 | At      all times during the performance by the Parties of this Agreement, each      Party shall be deemed to have full custody and possession of its own      property. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 13.1 | Terms |
|------|-------|

|  | 13.1.1 | For      the Firm Launches and the Optional Launch, if any, CUSTOMER is entitled to      request a Replacement Launch from ARIANESPACE subject to the conditions      set forth in this Article 13. Any and all other rights and remedies of      CUSTOMER are excluded whatever theirnature. |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 13.1.2 | CUSTOMER      shall be entitled to have a Launch Slot for a Replacement Launch allocated      to it by ARIANESPACE within TWELVE (12) months following the month      ARIANESPACE has received a written request for Replacement Launch. Should      CUSTOMER request a Launch Period beyond such TWELVE (12) month period,      ARIANESPACE shall allocate the nearest Launch Opportunity, provided      however that in no way shall the Launch Period requested by CUSTOMER      extend beyond the THIRTY SIX (36) month period following the date of      request for a Replacement Launch. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 13.1.3 | The      written request for a Replacement Launch shall be received by ARIANESPACE      no later than the last day of the sixth full calendar month following the      month in which the cause of the Launch Failure or the cause of the failure      of either the Launch Mission or the Satellite(s) Mission has/have been      established, but in no event later than, in the case of a Satellite(s)      Mission failure, TWENTY-SEVEN (27) months following the date of      Launch. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 13.1.4 | ARIANESPACE      shall inform CUSTOMER, within the month following receipt of CUSTOMER's      request for a Replacement Launch, whether or not a Launch Opportunity      exists within the requested Launch Period and, in any event, shall      allocate a Launch Slot to CUSTOMER, the first day of which shall be before      the expiration of the TWELVE (12) calendar month period specified in      Sub-paragraph 13.1.2 of Article 13 of this Agreement if the Launch Period      requested by CUSTOMER is within that TWELVE (12) month period; otherwise      ARIANESPACE shall allocate to CUSTOMER the nearest existing Launch      Opportunity. The date allocated shall not begin earlier than the first day      of the Launch Period requested byCUSTOMER. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 13.1.5 | The      replacement Satellites shall be in accordance with the interface control      document (DCI) governing CUSTOMER'sSatellites. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------|

----

|  | 13.1.6 | For      any Replacement Launch, ARIANESPACE shall perform Launch Services which      are equivalent to those documented in Annex 1 for Optional      Launches. |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.2 | General      Conditions |
|------|-------------------------|

----

| 14.1 | Allocation      of Risks for loss, damage or bodily injury (including death) caused by one      Party and/or its Associates to the Other Party and/or its      Associates. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 14.1.1 | Due      to the particular nature of the Services, the Parties agree that any      liability of ARIANESPACE or of CUSTOMER arising from the defective, late,      or non-performance of ARIANESPACE's Services and CUSTOMER's technical      obligations under this Agreement is, in all circumstances, including      termination of this Agreement, in whole or in part, or a Launch Service      under this Agreement, strictly limited to the liability expressly provided      for in this Agreement. Except as provided in this Agreement, the Parties      hereto expressly waive, renounce, and exclude any and all rights and      remedies that may arise at law or in equity with respect to the Services,      including but not limited to any right to seek consequential, special,      incidental or punitive damages. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 14.1.2 | Each      Party shall bear any and all loss of or damage to property and any bodily      injury (including death) and all consequences, whether direct or indirect,      of such loss, damage or bodily injury (including death), and/or of a      Launch Mission failure and/or of a Satellite Mission failure, which it or      its Associates may sustain, directly or indirectly, arising out of or      relating to this Agreement or the performance of this Agreement. Each      Party irrevocably agrees to be bound by a no-fault, no-subrogation,      inter-party waiver of liability and indemnity for such loss or damage or      bodily injury (including death) and such consequences, and waives the      right to make any claims or to initiate any proceedings whether judicial,      arbitral, or administrative on account of any such loss, damage or bodily      injury (including death) and/or Launch Mission failure and/or Satellite      Mission failure against the other Party or that other Party's Associates      arising out of or relating to this Agreement for any reason      whatsoever. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 14.1.3 | In      the event that one or more Associates of a Party shall proceed against the      other Party and/or that Party's Associates as a result of such loss,      damage or bodily injury (including death) and/or Launch Mission failure      and/or Satellite Mission failure, the first Party shall indemnify, hold      harmless, dispose of any claim, and defend, when not contrary to the      governing rules of procedure, the other Party and/or its Associates, as      the case may be, from any liability, cost or expense, including attorneys'      fees, on account of such loss, damage or bodily injury (including death)      and/or Launch Mission failure and/or Satellite Mission failure, and shall      pay all costs and expenses and satisfy all judgments and awards which may      imposed on or rendered against that other Party and or its      Associates. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.2 | RESERVED. |
|------|-----------|

| 14.3 | Indemnification. |
|------|------------------|

| 14.4 | Liability      for Property Loss or Damages and Bodily Injury Suffered by Third      Parties. |
|------|-----------------------------------------------------------------------------------------------|

|  | 14.4.1 | Without      prejudice to Article 15, each Party shall be solely and entirely liable      for all property loss or damage or bodily injury (including death)      sustained, whether directly or indirectly, by any Third Party, which is      caused by such Party or its Associates arising out of or relating to the      performance of this Agreement. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 14.4.2 | In      the event of any proceeding, whether judicial, arbitral, administrative or      otherwise, by a Third Party against one of the Parties or its Associates      on account of any property loss or damage or bodily injury (including      death), caused by the other Party, its property or its Associates or its      (their) property, whether directly or indirectly, the latter Party shall      indemnify and hold harmless the former Party and/or the former Party's      Associates, as the case may be, and shall advance any funds necessary to      defend their interests. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.5 | Infringement      of Intellectual Property Rights of Third  Parties. |
|------|----------------------------------------------------------------------|

|  | 14.5.1 | ARIANESPACE      shall indemnify and hold CUSTOMER harmless with respect to any and all      claims resulting from an infringement or claim of infringement of patent      rights or any other intellectual property rights of any Third Party which      may arise from CUSTOMER's use of ARIANESPACE's Services, including,      without limitation, the use of any and all products, processes, articles      of manufacture, supporting equipment, facilities, and services by      ARIANESPACE in connection with said Services; provided however, that this      indemnification shall not apply to an infringement of rights as set forth      above that have been mainly caused by an infringement of a right of a      Third Party for which CUSTOMER is liable pursuant to Sub-paragraph 14.5.2      of Article 14 of this Agreement. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 14.5.2 | CUSTOMER      shall indemnify and hold ARIANESPACE harmless with respect to any and all      claims resulting from an infringement or claim of infringement of the      patent rights or any other intellectual property rights of any Third Party      arising out of or relating to CUSTOMER and its Associates with respect to      the design or manufacture of the Satellite, or ARIANESPACE's compliance      with specifications furnished by CUSTOMER with respect to the Launch      Mission and the Satellite Mission. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  | 14.5.3 | The      rights to indemnification provided hereunder shall be subject to the      following conditions: |
|--|--------|----------------------------------------------------------------------------------------------------------|

|   | 14.5.3.1 | The      Party seeking indemnification shall promptly advise the other Party of the      filing of any suit, or of any written or oral claim against it, alleging      an infringement of any Third Party's rights, which it may receive relating      to this Agreement. |
|--------|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 14.5.3.2 | The      Party sued or against whom the claim is otherwise made shall take no steps      in the dispute with the Third Party, nor shall it reach a compromise or      settlement, without the prior written approval of the other Party, which      approval shall not be unreasonably withheld or  delayed. |
|--------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 14.5.4 | The      indemnifying Party shall assist in and assume, when not contrary to the      governing rules of procedure, the defense of any claim or suit and/or      settlement thereof, shall take all other steps which it may reasonably be      expected to take, given the circumstances, and the obligations incurred by      it under this Article 14, to avoid, settle, or otherwise terminate the      dispute, and shall pay all litigation and administrative costs and      expenses incurred in connection with the defense of any such suit,      including fees and expenses of legal counsel, shall satisfy any judgments      rendered by a court of competent jurisdiction in such suits, and shall      make all settlement payments. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 14.5.5 | In      the event that ARIANESPACE, with respect to the Launch Services, and      CUSTOMER, with respect to the Satellites, shall be the subject of the same      court action or the same proceedings based on alleged infringements of      patent rights or any other intellectual property rights of a Third Party      pursuant to both Sub-paragraphs 14.5.1 and 14.5.2 hereof, ARIANESPACE and      CUSTOMER shall jointly assume the defense and shall bear all damages,      costs and expenses on a 50:50 basis during the court proceeding, subject      to pro rata adjustment according to their respective liability as      determined after the court proceeding. In the event of any problems in      implementing the pro rata allocation of the amounts referred to in the      immediately preceding sentence, the Parties shall undertake in good faith      to resolve such problems. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 14.5.6 | Neither      Party's execution or performance of this Agreement grants any rights to or      under any of either Party's respective patents, proprietary information,      and/or data, to the other Party or to any Third Party, unless such grant      is expressly recited in a separate written document duly executed by or on      behalf of the granting Party. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 15.1.1 | ARIANESPACE      shall, for all Launch Missions under this Agreement, take out an insurance      policy at no cost to CUSTOMER, to protect itself and CUSTOMER against      liability for property loss or damage and bodily injury (including death)      that Third Parties may sustain and that is caused  by |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  |  (i) | activities      of CUSTOMER and ARIANESPACE, their contractors, sub contractors, agents      and/or suppliers, related to the launch services contract, at the Launch      Site, and |
|--|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (ii) | the      Launch Vehicle, and/or the Satellite(s), and/or their components or any      part thereof. |
|--|------|-----------------------------------------------------------------------------------------------------|

|   | 1) | The      Government of France and, if relevant, the Government of      Russia. |
|--------|----|--------------------------------------------------------------------------------|

|   | 2) | The      Centre National d'Etudes Spatiales "C.N.E.S.", ROSCOSMOS if relevant, and      any launching state as such term is defined in the Convention on      International Liability for Damage Caused by Space Objects of      1972. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3) | The      auxiliaries of any kind, whom ARIANESPACE and/or the C.N.E.S and/or      ROSCOSMOS if relevant, would call for in view of the preparation and the      execution of the launchingoperations. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4) | The      European Space Agency "E.S.A." but only in its capacity as owner of      certain facility and/or outfits located at the Centre Spatial Guyanais in      Kourou and made available to ARIANESPACE and/or to the C.N.E.S. and/or, if      relevant, ROSCOSMOS, for the purpose of the preparation and the execution      of the launches. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5) | The      firms, who have participated in the design and/or in the execution or      manufacturing and/or who have provided the components of the Satellite(s),      Launch Vehicle, of its support equipment including propellants and other      products either liquid or gaseous necessary for the functioning of the      said Satellite(s) or Launch Vehicle or support equipment, their      contractors, sub-contractors andsuppliers. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6) | CUSTOMER      on whose behalf ARIANESPACE executes or performs the Launch Services as      well as its contractors, sub-contractors and  suppliers. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7) | Provided      they act within the scope of their duties, the officers and directors,      legal representatives, managing director, employees, agents and interim      staff employed by ARIANESPACE or by any of additional insured mentioned in      the preceding sub-paragraphs from 1 to 6  (inclusive). |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.1.2 | The      insurance referred to in Paragraph 15.1 shall come into effect as      follows: |
|--------|------------------------------------------------------------------------------------------|

|  |  (i) | for      Paragraph 15.1.1 (i) above, as of the day CUSTOMER, its contractors, sub      contractors, agents and/or suppliers arrive at the Launch Site until seven      (7) days after the Launch,and |
|--|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (ii) | for      Paragraph 15.1.1 (ii) above, as of the day of the Launch concerned, and      shall be maintained for a period of the lesser of TWELVE (12) months or so      long as all or any part of the Launch Vehicle, and/or the Satellite(s),      and/or their components remain inorbit. |
|--|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 15.1.3  | The      insurance policy shall be in the amountof: |
|--------------|-----------------------------------------------------|

|   | (i) | Under      Paragraph 15.1.1 (i) above, SIXTY MILLION NINE HUNDRED AND EIGHTY THOUSAND      Euros (€ 60 980 000), |
|--------|-----|------------------------------------------------------------------------------------------------------------------------|

|  | (ii) | Under      Paragraph 15.1.1 (ii) above, SIXTY MILLION NINE HUNDRED AND EIGHTY      THOUSAND Euros (€ 60 980 000). ARIANESPACE shall settle all liabilities,      and shall indemnify and hold CUSTOMER harmless from property loss or      damage and bodily injury (including death) arising from the Services when      caused to Third Parties by the Launch Vehicle, and/or the Satellite(s),      and/or their components or any part thereof including during the period      provided for in Paragraph 15.1.2 (ii) above for any amount in excess of      the insured limits of said insurancepolicy. |
|--|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.2.1 | ARIANESPACE      shall, for all Launch Missions under this Agreement, take out an insurance      policy at no cost to CUSTOMER, to protect itself and CUSTOMER against      liability for property loss or damage and bodily injury (including death)      that Third Parties may sustain and that is caused  by |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | activities      of CUSTOMER and ARIANESPACE, their contractors, sub contractors, agents      and/or suppliers, related to the launch services contract, at the Launch      Site, and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (ii) | the      Launch Vehicle, and/or the Satellite(s), and/or their components or any      part thereof. |
|--|------|-----------------------------------------------------------------------------------------------------|

|   | 1) | The      Government of Russia and, if relevant, the Government of      France, |
|--------|----|--------------------------------------------------------------------------------|

|   | 2) | ROSCOSMOS      and any launching state as such term is defined in the Convention on      International Liability for Damage Caused by Space Objects of      1972. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3) | The      auxiliaries of any kind, whom ARIANESPACE and/or ROSCOSMOS, would call for      in view of the preparation and the execution of the launching      operations. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4) | KBOM      and Kosmotrans but only in their capacity as owner of certain facilities      and/or outfits located at BAÏKONUR launch site and made available to      ARIANESPACE and/or ROSCOSMOS, for the purpose of the preparation and the      execution of the launches. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5) | The      firms, who have participated in the design and/or in the execution or      manufacturing and/or who have provided the components of the Satellite(s),      Launch Vehicle, of its support equipment including propellants and other      products either liquid or gaseous necessary for the functioning of the      said Satellite(s) or Launch Vehicle or support equipment, their      contractors, sub-contractors andsuppliers. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6) | CUSTOMER      on whose behalf ARIANESPACE executes or performs the Launch Services as      well as its contractors, sub-contractors and  suppliers. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 7) | Provided      they act within the scope of their duties, the officers and directors,      legal representatives, managing director, employees, agents and interim      staff employed by ARIANESPACE or by any of additional insured mentioned in      the preceding sub-paragraphs from 1 to 6  (inclusive). |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 15.2.2 | The      insurance referred to in Paragraph 15.2.1 shall come into effect as      follows: |
|--------|--------------------------------------------------------------------------------------------|

|  |  (i) | for      Paragraph 15.2.1 (i) above, as of the day CUSTOMER, its contractors, sub      contractors, agents and/or suppliers begin the launch campaign and until      its end, |
|--|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (ii) | for      Paragraph 15.2.1 (ii) above, as of Intentional Ignition and shall be      maintained for a period of the lesser of TWELVE (12) months or so long as      all or any part of the Launch Vehicle, and/or the Satellite(s), and/or      their components remain inorbit. |
|--|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15.2.3 | The      insurance policy shall be in the amountof: |
|--------|-----------------------------------------------------|

|  | (i) | Under      Paragraph 15.2.1 (i) above, SIXTY MILLION United States Dollars (US      $60,000,000.), |
|--|-----|----------------------------------------------------------------------------------------------------|

|  | (ii)  | Under      Paragraph 15.2.1 (ii) above, ONE HUNDRED MILLION United States Dollars (US      $100,000,000). |
|--|------------|-----------------------------------------------------------------------------------------------------------|

----

| 16.1 | Title      to all documents, data, and written information furnished to CUSTOMER by      ARIANESPACE or its Associates during the performance of this Agreement      shall remain exclusively withARIANESPACE. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.2 | Title      to all documents, data, and written information furnished to ARIANESPACE      by CUSTOMER or its Associates during the performance of this Agreement      shall remain exclusively with CUSTOMER or with said Associates as to their      respective documents, data, and written  information. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.3 | Each      Party shall use the documents, data, and written information supplied to      it by the other Party or the other Party's Associates solely for the      performance of this Agreement and any activities directly related      thereto. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.4 | To      the extent necessary for the performance of this Agreement, each Party      shall be entitled to divulge to its own Associates the documents, data,      and written information received from the other Party or from the other      Party's Associates in connection herewith, provided that such receiving      person shall have first agreed to be bound by the nondisclosure and use      restrictions of this Agreement. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.5 | Subject      to the provisions of Paragraph 16.4, neither Party shall divulge any      documents, data, or written information that it receives from the other      Party or the other Party's Associates, but shall protect all such      documents and written information that are marked with an appropriate and      valid proprietary or confidentiality legend from unauthorized disclosure      except as provided herein, in the same manner as the receiving Party      protects its own confidential information; provided, however, that each      Party shall have the right to use and duplicate such documents, data, and      written information for any Party purpose subject to the nondisclosure      requirements and use restrictions provided  herein. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.6 | The      obligation of the Parties to maintain the confidentiality of documents,      data, and written information shall not apply to documents, data, and      written information that: |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | - | are      not properly marked as confidential or  proprietary; |
|--------|---|---------------------------------------------------------------|

|   | - | are      in the public domain; |
|--------|---|--------------------------------|

|   | - | shall      come into public use, by publication or otherwise, and due to no fault of      the receiving Party; |
|--------|---|----------------------------------------------------------------------------------------------------------------|

|   | - | the      receiving Party can demonstrate were legally in its possession at the time      of receipt; |
|--------|---|------------------------------------------------------------------------------------------------------|

----

|   | - | are      rightfully acquired by the receiving Party from Third    Parties; |
|--------|---|----------------------------------------------------------------------------|

|   | - | are      commonly disclosed by ARIANESPACE or its  Associates; |
|--------|---|----------------------------------------------------------------|

|   | - | are      inherently disclosed in any product or provision of any service marketed      by ARIANESPACE or its Associates; |
|--------|---|--------------------------------------------------------------------------------------------------------------------------|

|   | - | are      independently developed by the receivingParty; |
|--------|---|---------------------------------------------------------|

|   | - | are      approved for release by written authorization of the disclosing Party;      or |
|--------|---|-----------------------------------------------------------------------------------------|

|   | - | are      required, but only to the extent necessary, to be disclosed pursuant to      governmental or judicial order, in which event the Party concerned shall      notify the other Party of any such requirement and the information      required to be disclosed prior to such  disclosure. |
|--------|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.7 | The      provisions of this Article 16 shall survive the completion of performance      of Services under this Agreement and shall remain in full force and effect      for a period of FIVE (5) years after the term of this Agreement. However,      each Party shall be entitled to destroy documents, data, and written      information received from the other Party, or to return such documents,      data, or written information to the other Party, at any time after      Launch. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.8 | This      Agreement and each part hereof shall be considered to be confidential by      both Parties. Except when disclosed to Associates, any disclosure of the      same by one Party shall require the prior written approval of the other      Party, which approval shall not be unreasonably withheld or      delayed. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16.9  | Nothing      contained herein shall be deemed to prohibit either Party from disclosing      this Agreement, in whole or in part, or information relating thereto (i)      as may be required by the rules and regulations of a government agency      with jurisdiction over the disclosing Party or a stock exchange on which      the disclosing Party’s shares are then listed, (ii) as may be required by      a subpoena or other legal process (iii) in any action to enforce its      rights under this Agreement, (iv) to its lenders under appropriate      assurances of confidentiality for the benefit of the disclosing Party or      (v) to its auditors, attorneys and other professional advisors in the      ordinary course, provided that such auditors, attorney and advisors have      contractual or professional obligations to maintain the confidentiality of      the disclosed material. The disclosing Party shall use reasonable efforts      to disclose only such information as it believes in good faith it is      legally required to disclose pursuant to clauses (i) or (ii), above, and      will seek, to the extent reasonably available under applicable rules, to      obtain confidential treatment for any information either Party reasonably      considers trade secrets and that is required to be disclosed. For the      purpose of herein above items (i) through (v), the disclosing Party shall      provide the other Party with a reasonable opportunity in advance of      disclosure to request redactions or deletions of specific terms and      provisions of the Agreement and shall accommodate those requests to the      extent reasonably consistent with applicable confidential treatment      rules. |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 17.1 | The      obligations of ARIANESPACE are limited to the Services set forth in this      Agreement. CUSTOMER shall be obligated to obtain all required permits,      authorizations, or notices of non-opposition from all national or      international, public or private authorities having jurisdiction over the      Satellites and the SatelliteMission. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.2 | CUSTOMER      shall also be obligated to obtain all required government permits and      authorizations for delivery of the Satellites and all equipment, devices      and software to be provided by CUSTOMER on the Launch Site in order to      prepare the Satellite for launch, from its country of origin to the Launch      Site, and, the use of the Satellite's ground stations. ARIANESPACE shall      make its reasonable efforts to inform CUSTOMER of any specifically      required government permits and authorizations and shall assist CUSTOMER      in obtaining such documentation. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.3 | ARIANESPACE      agrees to assist and support CUSTOMER and its Associates, at no expense,      with any administrative matters related to the importation to the Launch      Site of the Satellites and all equipment, devices and software to be      provided by CUSTOMER on the Launch Site in order to prepare the Satellites      for launch, and their storage and possible return, as well as to the      entry, stay, and departure of CUSTOMER and its  Associates. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 18.1 | CUSTOMER      shall have the right to terminate (“Termination for Convenience”) any      particular Launch or Services, in whole or in part, under this Agreement      at any time, for any reason whatsoever, prior to the Launch concerned.      CUSTOMER's right is not subject to any condition, and shall cover      termination situations for reasons of convenience as well as those of      delay or impossibility of performance in which one of the Parties may find      themselves. Notice of Termination for Convenience shall be given by      registered letter or prepaid international courier service, with      confirmation of receipt, and termination shall take effect THIRTY (30)      days from receipt of such letter by ARIANESPACE.  In case of      such termination, ARIANESPACE shall immediately stop Services as directed      in the notice of termination and make its reasonable best efforts to      mitigate costs. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.2 | In      case of Termination for Convenience by CUSTOMER, ARIANESPACE shall be      entitled for the Launch Services terminated to the following termination      fees, which shall be the sole remedy available to ARIANESPACE for any and      all impacts associated with suchtermination. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 18.2.1 | Basic      termination fees for the Firm Launches depending of the date of      termination as follows: |
|--|--------|---------------------------------------------------------------------------------------------------------|

| Effective Date of Termination |   | Termination FeesPercentage of LaunchServices Price for eachLaunch  referred to in Sub-paragraph 8.1 (A) of Article 8of this Agreement |   |
|----------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| On      or before C-21 months                |   | [*]%                                                                                                                                                                                                                            |   |
| From      C-21 to C-18 months                |   | [*]%                                                                                                                                                                                                                            |   |
| From      C-18 to C-15 months                |   | [*]%                                                                                                                                                                                                                            |   |
| From      C-15 to C-10 months                |   | [*]%                                                                                                                                                                                                                            |   |
| From      C-10 to C-7 months                 |   | [*]%                                                                                                                                                                                                                            |   |
| After      C-7 months (*)                    |   | [*]%      ([*]%) (*)                                                                                                                                                                                                            |   |

----

|  | 18.2.2 | Basic      termination fees for the Optional Launch depending of the date of      termination as follows: |
|--|--------|-----------------------------------------------------------------------------------------------------------|

| Effective Date of Termination |   | Termination FeesPercentage of LaunchServices Price for theOptional Launch  referred toin Sub-paragraph 8.1 (B) and8.2 of Article 8 of thisAgreement |   |
|----------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| On      or before C-21 months                |   | [*]%                                                                                                                                                                                                                                               |   |
| From      C-21 to C-18 months                |   | [*]%                                                                                                                                                                                                                                               |   |
| From      C-18 to C-15 months                |   | [*]%                                                                                                                                                                                                                                               |   |
| From      C-15 to C-10 months                |   | [*]%                                                                                                                                                                                                                                               |   |
| From      C-10 to C-7 months                 |   | [*]%                                                                                                                                                                                                                                               |   |
| After      C-7 months                        |   | [*]%                                                                                                                                                                                                                                               |   |

|  | 18.2.3 | Plus      (i) any other amount(s) due including, without limitation, late payment      interest under the Agreement at the effective date of termination, and      (ii) the price of those Associated Services provided, at CUSTOMER's cost,      which have actually been performed as of the date of      termination. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 18.2.4 | Termination      fees are due by CUSTOMER to ARIANESPACE as of the effective date of      termination and payable within THIRTY (30) days of receipt by CUSTOMER of      the corresponding invoice from ARIANESPACE. Any sums paid by CUSTOMER (to      the exclusion of interest for late payment) prior to the effective date of      termination of the launch concerned shall be credited to the above      termination fees amount. Any amount paid by CUSTOMER in excess of said      termination fees shall be refunded by ARIANESPACE to    CUSTOMER. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18.3 | In      the event that the aggregate of all postponements requested by ARIANESPACE      under Sub-paragraph 11.3.1 of Article 11 of this Agreement should result      in ARIANESPACE delaying any one CUSTOMER's Launch Services under this      Agreement by more than TWELVE (12) months, CUSTOMER shall have the right,      upon THIRTY (30) days prior written notice to ARIANESPACE to terminate      (“Termination for Cause”) the Launch Services  concerned. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| 19.1 | In      the event that CUSTOMER fails to comply with its payment obligations      pursuant to the payment schedule and other payment dates set forth in this      Agreement for the Launch Services under this Agreement, and does not pay      within SEVEN (7) days after the date of receipt of a written notice to      that effect issued after expiry of the total SIXTY (60) days late payment      period referred to in Paragraph 10.4 of Article 10, ARIANESPACE shall be      entitled to terminate the Launch Services or the Launch Service Agreement      by registered letter or prepaid international courier service, with      confirmation of receipt. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19.2 | In      the event of termination by ARIANESPACE pursuant to the provisions of this      Article 19, the Termination Fees set forth in Paragraph 18.2 of Article 18      of this Agreement shall apply.  Any sums paid by CUSTOMER (to      the exclusion of interest for late payment) prior to the effective date of      termination of the launch concerned shall be credited to the above      referred termination fees amount. Any amount paid by CUSTOMER in excess of      said termination fees shall be refunded by ARIANESPACE to      CUSTOMER. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

| 22.1 | General |
|------|---------|

| 22.2 | Compliance      with U.S. Export Control Laws |
|------|-----------------------------------------------|

----

| 23.1 | Working      language |
|------|-----------------------|

| 23.2 | Notices |
|------|---------|

| ARIANESPACE                                                                                                                                                        | CUSTOMER                                                                                                                                                                             |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                               |                                                                                                                                                                                 |
| Boulevard      de l’Europe – BP 17791006      EVRY- COURCOURONNESCedex      - FRANCE Attention:  [*]Telephone:      [*]E-mail:      [*] | Globalstar,      Inc.461      South Milpitas Blvd.Milpitas,      CA  95035  U.S.A. Attention:   [*]Telephone:  [*]E-mail:      [*] |

| 23.3 | Waiver |
|------|--------|

----

| 23.4 | Headings |
|------|----------|

| 23.5 | Assignment |
|------|------------|

| 23.6 | Entire      Agreement and Modifications |
|------|-----------------------------------------|

| 23.7 | Registration      of CUSTOMER's Satellites |
|------|--------------------------------------------|

----

|        ARIANESPACE                                 |                             | GLOBALSTAR,      INC.         |
|---------------------------------------------------------|----------------------------------|-------------------------------|
|        Name: Jean-Yves LE GALL                     |                             | Name:      Anthony J. NAVARRA |
|        Title: Chairman and Chief Executive Officer |                             | Title:      President         |
|                                                    |                             |                          |
|        Signature                              | /s/       Jean-Yves LE GALL |                          | Signature |  /s/       Anthony J.NAVARRA |

----

----