Document:

Amended and Restated Investment Agreement

 Exhibit 10.1 
 UNITED STATES BANKRUPTCY COURT 
 SOUTHERN DISTRICT OF NEW YORK 

 

							
	 	  	 	)	  	  	
	 In re:
	  	 	)	  	  	Chapter 11
		  	 	)	  	  	
	 DBSD NORTH AMERICA, INC., et al.,1
	  	 	)	  	  	Case No. 09-13061 (REG)
		  	 	)	  	  	
	 Debtors.
	  	 	)	  	  	Jointly Administered
	  
	  	 	)	  	  	

 ORDER AUTHORIZING AND 

APPROVING THE INVESTMENT AGREEMENT 

 
 Upon the motion (the
“Motion”) of the above-captioned debtors (the “Debtors”) for the entry of an order (this “Order”) approving and authorizing the Debtors’ entry into the Investment Agreement (defined below)
pursuant to sections 105(a) and 363(b) of title 11 of the United States Code (the “Bankruptcy Code”) and Rule 6004 of the Federal Rules of Bankruptcy Procedure; it appearing that the relief requested is in the best interests of the
Debtors’ estates, their creditors, and other parties in interest; the Court having jurisdiction to consider the Motion and the relief requested therein pursuant to 28 U.S.C. §§ 157 and 1334; consideration of the Motion and the relief
requested therein being a core proceeding pursuant to 28 U.S.C. § 157(b); venue being proper before this Court pursuant to 28 U.S.C. §§ 1408 and 1409; notice of the Motion having been adequate and appropriate under the circumstances;
and after due deliberation and sufficient cause appearing therefor, it is hereby ORDERED that: 
 1. The Motion is granted to
the extent set forth herein. 
  
  

	1	 The Debtors in these chapter 11 cases, together with the last four digits of each Debtor’s federal tax identification number, are: DBSD North
America, Inc. (6404); 3421554 Canada Inc. (4288); DBSD Satellite Management, LLC (3242); DBSD Satellite North America Limited (6400); DBSD Satellite Services G.P. (0437); DBSD Satellite Services Limited (8189); DBSD Services Limited (0168); New DBSD
Satellite Services G.P. (4044); and SSG UK Limited (6399). The service address for each of the Debtors is 11700 Plaza America Drive, Suite 1010, Reston, Virginia 20190. 

 2. The Investment Agreement, dated as of February 24, 2011, between DBSD North America,
Inc. and DISH Network Corporation (“DISH”), a copy of which is attached hereto as Exhibit A (collectively with all exhibits thereto, the “Investment Agreement”), is hereby approved. 

3. The Debtors are authorized to execute, deliver, perform under, consummate and implement the Investment Agreement and all related
agreements, instruments and documents, and to take any and all actions necessary and proper to implement the terms of such agreements, instruments and documents, as may be reasonably necessary or desirable to implement and perform under the
Investment Agreement and consummate the transactions contemplated thereby, and such agreements, instruments and documents shall be binding and enforceable against the Debtors and their estates and the other parties thereto in accordance with their
terms and subject to the conditions therein. 
 4. The Debtors are authorized to amend, modify or supplement the Investment
Agreement in accordance with its terms (subject to any applicable consent requirements) without further order of this Court or notice thereof to any party. 
 5. The Debtors are authorized to reimburse DISH and its affiliates for all Investor Transaction Expenses (as such term is defined in the Investment Agreement) in accordance with the terms of the
Investment Agreement without further order of the Court. 
 6. Any amounts owing to DISH and its affiliates under the Investment
Agreement, including, without limitation, those amounts described in sections 4.07(b) and 6.02 of the Investment Agreement, are entitled to administrative expense priority under section 503(b) of the Bankruptcy Code. 

  
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 7. The automatic stay provisions of section 362 of the Bankruptcy Code hereby are, to the
extent applicable, vacated and modified to the extent necessary without the need for any further order of this Court to permit DISH to issue notices, including, without limitation, notices under Article VI of the Investment Agreement, required or
permitted to be given to the Debtors under the terms of the Investment Agreement. 
 8. The Reverse Break-Up Fee (as defined in
the Investment Agreement) constitutes liquidated damages and not a penalty and shall be the exclusive remedy of the Company, its Affiliates and its Related Persons (each as defined in the Investment Agreement) after any Reverse Break-Up Fee
Termination (as defined in the Investment Agreement), other than any monetary remedy, to the extent in excess of the Reverse Break-Up Fee, available to the Company and any Company Subsidiaries for a willful and material breach (as defined in the
Investment Agreement) of the Investment Agreement by DISH. 
 9. The Company shall not, and shall cause each of its Related
Persons not to, bring any cause of action (other than for a willful and material breach of the Investment Agreement by DISH) against or otherwise seek remedies from, DISH or any Affiliate of DISH or any of their respective Related Persons, whether
at equity or in law, for breach of contract, in tort or otherwise, in the event that the Investment Agreement is terminated for any reason in accordance with a Reverse Break Fee Termination, and any claim, right or cause of action by the Company or
any other person against DISH, its Affiliates or their respective Related Persons in excess of the applicable Reverse Break-Up Fee is waived, released and forever discharged. 
 10. The Debtors shall be entitled to specific performance of the Investment Agreement in accordance with the provisions of Section 7.09 of the Investment Agreement. 

  
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 11. DISH shall be entitled to a separate and distinct vote, under any plan of reorganization
proposed for any of the Debtors, for each Subject Claim (as such term is defined in the Investment Agreement) that it acquires through the tender offer described in section 4.13 of the Investment Agreement. 

12. DISH shall be entitled to all rights and remedies contained in the Investment Agreement, including, but not limited to, those
contained in section 6.02(f) of the Investment Agreement. 
 13. This Order shall take effect immediately upon entry thereof.

 New York, New York 
 Dated: March 15, 2011 
  

					
	 /s/ Robert E. Gerber
	 	
	United States Bankruptcy Judge	 	

  
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 Exhibit B 

Investment Agreement 

  

 EXECUTION VERSION 

FIRST AMENDMENT TO AMENDED AND RESTATED INVESTMENT AGREEMENT 

FIRST AMENDMENT TO AMENDED AND RESTATED INVESTMENT AGREEMENT, dated as of March 15, 2011 (this “Amendment”),
between DBSD NORTH AMERICA, INC., a Delaware corporation (the “Company”) and DISH NETWORK CORPORATION, a Nevada corporation (“Investor”). 
 RECITALS 
 WHEREAS the Investor and Company are parties to that certain
Amended and Restated Investment Agreement, dated as of February 24, 2011 (the “Agreement”); 
 WHEREAS,
the Investor and ICO Global Communications (Holdings) Limited have entered into that certain Restructuring Support Agreement, dated as of March 15, 2011 (as amended, supplemented or otherwise modified from time to time, the “Support
Agreement”), and that certain Implementation Agreement dated as of March 15, 2011 (as amended, supplemented or otherwise modified from time to time, the “Implementation Agreement”); and 

WHEREAS the Investor and Company desire to amend the Agreement and certain of its exhibits pursuant to Section 6.03 of the Agreement
as set forth in this Amendment. 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Investor and Company hereby mutually agree as follows: 
  

	1.	Capitalized terms used herein but not otherwise defined shall have the meanings ascribed thereto in the Agreement. 

 

	2.	After the seventh paragraph in the Recitals of the Agreement the following paragraph shall be inserted: 

“WHEREAS, the Investor and ICO Global Communications (Holdings) Limited have entered into that certain Restructuring Support
Agreement, dated as of March 15, 2011 (as amended, supplemented or otherwise modified from time to time, the “Support Agreement”), and that certain Implementation Agreement dated as of March 15, 2011;” 

	3.	Section 1.01 of the Agreement is hereby amended and restated in its entirety to read as follows: 

“Purchase and Sale of Shares. On the terms and subject to the conditions set forth in this Agreement, at the Closing, the
Reorganized Company will issue, sell and deliver to Investor, and Investor will purchase and receive from the Reorganized Company, 10,000 shares (the “Shares”) of the common stock, par value $0.01 per share of the Reorganized
Company (the “Common Stock”) for an aggregate purchase price equal to (a) cash sufficient to (i) satisfy claims for all amounts due and owing (including principal and interest accrued and unpaid through Closing in
accordance with the terms therein) under those 7.5% Convertible Senior Secured Notes due 2009 (the “Notes”) not owned by Investor, issued under (and with such amounts determined in accordance with) that certain indenture dated
August 15, 2005, as supplemented and amended, among the Company, the guarantors named therein, and The Bank of New York Mellon (f/k/a The Bank of New York), as trustee (the “Note Indenture”), (ii) repay in full all of the
Company’s outstanding obligations under the Replacement DIP Facility, (iii) pay in cash 100% of each allowed general unsecured claim, not owned by Investor, against Debtors, including the general unsecured claim held by Sprint Nextel
Corporation (“Sprint”) against Satellite Services as and when allowed, (iv) pay in cash 100% of each allowed administrative claim (including cure amounts on contracts previously assumed) that are not being paid on a current and
regular basis, not owned by Investor, against the Debtors, and (v) the Net Equity Distribution (as defined below) (collectively, the “Cash Purchase Price”) payable as set forth below in Section 1.03, plus
(b) (i) the contribution to the Company of the allowed general unsecured claims and the allowed administrative claims against the Debtors owned by Investor, (ii) the contribution to the Company of the Notes owned by Investor and
(iii) the contribution to the Company of the amount owed under the Prepetition Credit Agreement (collectively, the “Investor Contributions” and, together with the Cash Purchase Price, the “Purchase Price”).
Following such contribution of the amounts owed under the Prepetition Credit Agreement and the other claims contributed pursuant to the Investor Contributions, none of the Debtors or any of their Affiliates party thereto shall have any further
obligations under the Prepetition Credit Agreement or under any such claims. The purchase and sale of the Shares, and the Investor Contributions are collectively referred to in this Agreement as the “Transaction”. For purposes of
this Agreement, “Net Equity Distribution” shall mean $290 million minus the sum of all amounts paid on or prior to the Closing Date to ICO Global Communications (Holdings) Limited pursuant to Section 2.2(b) of that certain
Implementation Agreement between ICO Global Communications (Holdings) Limited and Investor dated as of March 15, 2011 (as amended, supplemented or otherwise modified from time to time, the “Implementation Agreement”).

  

	4.	Sections 4.02(d)(ii) and (iii) of the Agreement are hereby amended and restated in its entirety to read as follows: 

 “(ii) during the three (3) business day period following such notification
described in clause (i), provide Investor a reasonable opportunity to make such adjustments in the terms and conditions of this Agreement as would permit the Company to accept Investor’s proposal notwithstanding such Alternative Proposal and
(iii) during the three (3) business day period following such notification described in clause (i), consider in good faith any changes to this Agreement proposed by Investor with respect to the Transaction.” 

 

	5.	Section 4.12(c) of the Agreement is hereby amended and restated in its entirety to read as follows: 

“Prior to April 11, 2011, the Debtors will file in the Chapter 11 Cases (i) the Plan, which Plan will
contain the terms contained in the Plan Term Sheet, will not contain terms that are inconsistent with those set forth in the Plan Term Sheet and will otherwise be in form and substance satisfactory to Investor and (ii) the Disclosure Statement.
The Debtors will not amend, supplement or otherwise modify any provision of the Plan or the Disclosure Statement (each as filed with the Bankruptcy Court) without the prior consent of Investor which will not be unreasonably withheld.”

  

	6.	Section 4.13(a) of the Agreement is hereby amended and restated in its entirety to read as follows: 

“Investor shall commence, no later that five (5) business days after the entry by the Bankruptcy Court of the Investment
Agreement Approval Order, a tender offer (the “Tender Offer”) for any and all of (i) the outstanding Notes, (ii) allowed general unsecured claims of the Debtors (other than Satellite Services) as set forth in Sections
2.21(b)(ii) of the Company Disclosure Letter, but only to the extent of the “Total Amount to Be Tendered” (as such amount is reflected in such Section of the Company Disclosure Letter), (iii) allowed general unsecured claims of
Satellite Services as set forth in Section 2.21(b)(i) of the Company Disclosure Letter, (iv) [Reserved] and (v) allowed non-ordinary course administrative claims of the Debtors relating to cure amounts for contracts previously assumed
as set forth in Section 2.21(b)(vi) of the Company Disclosure Letter (collectively, the “Subject Claims”), in each case pursuant to the terms set forth in the term sheet attached as Exhibit D hereto (the “Tender
Offer Term Sheet”) and this Section 4.13.” 
  

	7.	Section 5.02(f) of the Agreement is hereby amended and restated in its entirety to read as follows: 

“Filing of the Plan and the Disclosure Statement. Not later than April 11, 2011, the Company shall have filed in the
Chapter 11 Cases, the Plan and the Disclosure Statement.” 
  

	8.	Section 5.02(h) of the Agreement is hereby amended and restated in its entirety to read as follows: 

“Disclosure Statement Approval Order. Not later than May 23, 2011, the Bankruptcy Court shall have entered an order in
the Chapter 11 Cases approving the Disclosure 

	 	 
Statement, in form and substance not inconsistent with the provisions of this Agreement and which otherwise shall be in form and substance reasonably satisfactory to Investor (the
“Disclosure Statement Approval Order”), and the Company shall have complied with the Disclosure Statement Approval Order in all respects.” 

 

	9.	Section 5.02(j) of the Agreement is hereby amended and restated in its entirety to read as follows: 

“Confirmation Order. The Bankruptcy Court shall have entered the Confirmation Order in the Chapter 11 Cases not later than
July 7, 2011.” 
  

	10.	Section 5.02(m) of the Agreement is hereby amended and restated in its entirety to read as follows: 

“Excluding allowed claims (x) owed to the Debtors’ and the Creditors Committees’ retained professionals, (y) owed
in respect of fees of other professionals to the extent authorized to be paid on a current basis subsequent to the commencement of the Chapter 11 Cases and (z) relating to amounts owed under the Replacement DIP Facility, the total amount of
(i) any allowed administrative claims owed pursuant to sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code; (ii) any allowed priority tax claims owed pursuant to section 507(a)(8) of the Bankruptcy Code; (iii) any
cure claims pursuant to section 365(b) of the Bankruptcy Code and (iv) any other allowed claims accorded priority in right of payment under section 507(a) of the Bankruptcy Code, shall not exceed $14 million.” 

 

	11.	Exhibit A to the Agreement is hereby amended by Exhibit 1 to this Amendment attached hereto. 

 

	12.	Exhibit D to the Agreement is hereby amended by Exhibit 2 to this Amendment attached hereto. 

 

	13.	Investor shall cause the Tender Offer Documents to reflect the amendments set forth herein. 

 

	14.	Each individual executing this Amendment on behalf of an entity hereby represents and warrants to the other party or parties to this Amendment that (a) such
individual has been duly and validly authorized to execute and deliver this Amendment on behalf of such entity; and (b) this Amendment is and will be duly authorized, executed and delivered by such entity. 

 

	15.	This Amendment may be executed in any number of counterparts each of which shall be deemed an original and all of which shall constitute one and the same agreement.
This Amendment shall be deemed executed upon each party’s delivery of executed signature pages which may be delivered electronically or by facsimile with the same effect as originals. 

 IN WITNESS WHEREOF, the Company and Investor have duly executed this Amendment as of the
date first written above. 
  

			
	 DISH NETWORK CORPORATION

		
	 By:
	 	  

		 	Name:
		 	Title:
	
	 DBSD NORTH AMERICA, INC.

		
	 By:
	 	  

		 	Name:
		 	Title:

 [Signature Page to First
Amendment to Amended and Restated Investment Agreement] 

 Exhibit 1 
 Revised Plan Term Sheet 

 EXHIBIT A 

 
  
 DBSD NORTH AMERICA, INC., ET AL. 
 TERM SHEET FOR
PROPOSED RESTRUCTURING OF DBSD NORTH AMERICA, INC. 
 March 15, 2011 

 
  
 THIS TERM SHEET DOES NOT CONSTITUTE (NOR SHALL IT BE CONSTRUED AS) AN OFFER WITH RESPECT TO ANY SECURITIES OR A SOLICITATION OF ACCEPTANCES OR REJECTIONS AS TO ANY PLAN OF REORGANIZATION, IT BEING
UNDERSTOOD THAT SUCH A SOLICITATION, IF ANY, SHALL BE MADE ONLY IN COMPLIANCE WITH APPLICABLE PROVISIONS OF SECURITIES, BANKRUPTCY AND/OR OTHER APPLICABLE LAWS. THIS TERM SHEET DOES NOT ADDRESS ALL MATERIAL TERMS THAT WOULD BE REQUIRED IN CONNECTION
WITH ANY POTENTIAL FINANCIAL RESTRUCTURING AND ANY AGREEMENT IS SUBJECT TO THE EXECUTION OF DEFINITIVE DOCUMENTATION IN FORM AND SUBSTANCE CONSISTENT WITH THIS TERM SHEET AND OTHERWISE ACCEPTABLE TO DISH (DEFINED BELOW) AND THE DEBTORS (DEFINED
BELOW). THIS TERM SHEET HAS BEEN PRODUCED FOR DISCUSSION AND SETTLEMENT PURPOSES ONLY AND IS SUBJECT TO THE PROVISIONS OF RULE 408 OF THE FEDERAL RULES OF EVIDENCE AND OTHER SIMILAR APPLICABLE STATE AND FEDERAL RULES. THIS TERM SHEET AND THE
INFORMATION CONTAINED HEREIN IS STRICTLY CONFIDENTIAL AND SHALL NOT BE SHARED WITH ANY OTHER PARTY ABSENT THE PRIOR WRITTEN CONSENT OF DISH. 
 This term sheet (“Term Sheet”) describes certain of the principal terms of a proposed restructuring (the “Restructuring”) for the existing debt and other obligations of
DBSD North America, Inc. (“DBSD” and once reorganized, “Reorganized DBSD”) and certain of its affiliates (collectively, the “Debtors” and once reorganized, the “Reorganized
Debtors”). DBSD is currently a 99.84% owned subsidiary of ICO Global Communications (Holdings) Limited (“ICO Global”). As described in greater detail herein, the Restructuring shall be consummated through either a
modification to the Existing Plan1 or a new plan of
reorganization (with respect to either, the “Plan”) based on an aggregate investment as set forth in section 1.1 of the Investment Agreement (as defined below) by DISH Network Corporation (“DISH”), as more fully
described below. This Term Sheet has been produced for discussion and settlement purposes only. 
  

 

	1	 “Existing Plan” means the Debtors' Second Amended Joint Plan of Reorganization Pursuant to Chapter 11 of the United States Bankruptcy Code
(the "Existing Plan") (Docket No. 500). 

			
	Overview
	The Restructuring	  	Under the Plan, (A) DISH shall contribute (1) all of its Prepetition Facility Claims2 under that certain Amended and Restated Revolving Credit Agreement, dated as of April 7, 2008 (the “Credit
Agreement”) and (2) cash in an aggregate amount as set forth in section 1.1 of the Investment Agreement, in exchange for 100% of the equity capital of Reorganized DBSD, (B) the holders of the 7.5% Convertible Senior Secured Notes due 2009
(the “Senior Notes”) issued by DBSD under that certain indenture dated August 15, 2005 (as supplemented and amended, the “Indenture”) shall be unimpaired and paid in full in cash in accordance with the terms of the
Indenture, (C) general unsecured creditors shall receive a cash distribution as described below, and (D) holders of equity interests in DBSD shall receive a cash distribution from the Debtors in respect of their interests as described
below.
		
	Implementation of the

Restructuring
	  	 The Debtors and DISH shall mutually agree upon the definitive documentation required for the Restructuring (the “Definitive
Restructuring Documents”), which shall reflect the terms and conditions set forth herein and such other terms and conditions as shall be acceptable to the Debtors and DISH.

 
 The Debtors shall seek confirmation of the Plan as provided in the Definitive
Restructuring Documents.

		
	New DIP Facility	  	The Debtors and DISH shall enter into a replacement DIP facility (the “New DIP Facility”) of up to $87.5 million, the proceeds of which shall be used to (i)
repay in full in cash the obligations under the existing DIP facility provided by certain holders of Senior Note Claims (the “Old DIP Facility”),3 (ii) fund bankruptcy related costs, and (iii) provide working capital to the Debtors. Pursuant to Bankruptcy Code
section 364(c), the obligations under the New DIP Facility shall be entitled to superpriority claim status and shall be secured by (A) senior liens on all unencumbered assets of the Debtors and (B) junior liens on all assets of the Debtors, subject
to the prepetition and adequate protection liens of holders of secured claims under the Credit Agreement and the Indenture. The terms and conditions of the New DIP Facility are more fully set forth on the term sheet attached hereto as
Exhibit 1. The New DIP Facility shall be paid in full in cash by the Debtors

  

	2	 Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to them in Existing Plan. 

	3	 That certain Secured Super-Priority Debtor-in-Possession Credit Agreement, dated as of January 8, 2010, as amended. 

  
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		  	with proceeds provided by DISH as contemplated in the Investment Agreement.
	
	Securities Contemplated by the Plan
		
	New Capital Stock	  	 Pursuant to that certain amended and restated investment agreement between DBSD and DISH (as amended, the “Investment
Agreement”), the shares to be issued to DISH, when issued and delivered, will have been duly and validly authorized and will be duly and validly issued and delivered. Upon issuance, the shares will be fully paid and non-assessable, free of
preemptive or similar rights.
  
 As of the closing of the purchase and sale
of such shares on the effective date of the Plan (the “Effective Date”), the authorized capital stock of Reorganized DBSD will consist solely of 10,000 shares of common stock, of which 10,000 shares will be issued and outstanding
(the “New Common Stock”). As of the Effective Date, there will be no shares of capital stock or other equity interests of Reorganized DBSD issued, reserved for issuance or outstanding, other than the New Common
Stock.

	
	Treatment of Claims and Equity Interests
		
	Administrative, Priority Tax
and Other Priority Claims	  	On or as soon as practicable after the Effective Date, each holder of an allowed administrative, priority tax or other priority claim shall receive cash equal to the full amount
of its claim or otherwise be rendered unimpaired.
		
	Credit Agreement Claims	  	On the Effective Date, the Credit Agreement claims shall be satisfied in full by issuance to DISH of equity interests in Reorganized DBSD.
		
	Other Secured Claims	  	On the Effective Date, all secured claims other than Credit Agreement claims and New DIP Facility claims shall be reinstated and paid in full in cash in the ordinary course in
accordance with their terms as such claims become due.
		
	Senior Notes	  	The holders of Senior Notes shall be unimpaired and, on the Effective Date, shall be paid in full in cash, including accrued and unpaid interest, in accordance with the terms of
the Indenture.
		
	General Unsecured Claims
Against Debtors Other Than
New DBSD Satellite Services
G.P. (“Satellite Services”)	  	On or as soon as practicable after the Effective Date, each holder of an allowed general unsecured claim against Debtors other than Satellite Services, shall be unimpaired and
paid in full in cash in accordance with the terms of the document, agreement or instrument giving rise to such claim.
		
	General Unsecured Claim
Against Satellite Services	  	Sprint Nextel Corporation (“Sprint”) alleges to be the only holder of a general unsecured claim against Satellite Services pursuant to its claim which is
asserted in the amount of $104,194,649 and which has been designated as Claim No. 138 by the court-appointed claims agent (the “Sprint Claim”). DISH at its option may join in the objection to the Sprint Claim previously filed by the
Debtors (the “Sprint Objection”).

  
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		  	The Sprint Claim shall be unimpaired and paid in full and in cash if, as and when allowed.
		
	 Existing Equity in DBSD
	  	 On the Effective Date, all existing equity interests of DBSD shall be cancelled pursuant to the Plan and the holders thereof shall
each receive its pro rata share of the Net Equity Distribution in full satisfaction of such interests.
  
 For purposes of this Term Sheet, “Net Equity Distribution” shall mean $290 million minus the sum of all amounts paid on or prior to the Closing Date to ICO Global pursuant to Section 2.2(b) of
that certain Implementation Agreement between ICO Global and DISH dated as of March 15, 2011 (as amended, supplemented or otherwise modified from time to time, the “Implementation Agreement”) which shall be credited against ICO
Global’s distribution under the Plan.

		
	 Existing Equity in Debtor-Subsidiaries of DBSD
	  	On the Effective Date, all equity interests in any Debtor-subsidiary of DBSD shall be reinstated and unaffected by the Plan.
	
	 General Provisions

		
	 Board of Directors of Reorganized DBSD
	  	 The board of directors of Reorganized DBSD shall be comprised of five to ten members, with all members being designated by DISH in
its sole discretion on terms to be determined by DISH.
  
 Each new board
member shall be entitled to execute a D&O Indemnification Agreement in form and substance reasonably acceptable to such member and Reorganized DBSD upon his or her appointment.

		
	 Means for Implementation
	  	To the extent not explicitly set forth in the Definitive Restructuring Documents, the parties shall agree upon the precise mechanics for implementing each of the transactions
contemplated by the Restructuring and the Plan.
		
	 Documentation
	  	All documentation prepared in connection with the Restructuring, including without limitation, the Definitive Restructuring Documents, and any documents, motions, pleadings,
orders or the like prepared or filed in connection with the chapter 11 cases shall be in form and substance reasonably satisfactory to DISH and the Debtors.
		
	 Transition Services Agreement
	  	The provision of transition services by DBSD to ICO Global and vice versa shall be formalized in a transition services agreement on terms, including the fees to be earned by ICO
Global, that are mutually agreeable to DBSD, ICO Global and DISH. The agreement shall provide for appropriate transition periods and that all third party services shall be passed through at cost.
		
	 Employment Agreements and
	  	On the Effective Date, all employment agreements and employee

  
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	 Employee Compensation Programs
	  	compensation programs with certain of the Debtors’ employees shall be effective and binding on the reorganized Debtors; provided, however, that the identity of
such employees shall not differ from as set forth in the schedule provided to DISH prior to execution of the Investment Agreement and such employees’ annual salaries, bonuses, potential severance payments and other compensation shall not exceed
those amounts as set forth in the schedule provided to DISH prior to execution of the Investment Agreement.
		
	 Releases
	  	DISH shall provide a release to the existing directors and officers of the Debtors and their respective affiliates and advisors. DBSD and its affiliates, including ICO Global,
shall execute a release of any claims they may have against DISH, its respective officers and directors and its respective affiliates and advisors.
		
	 Tax Issues
	  	The Plan shall contain provisions regarding tax matters that are acceptable to the Debtors and DISH.
		
	 No Waiver
	  	Nothing herein shall affect in any way, nor be deemed a waiver of, any of the rights of the Debtors or DISH under the Credit Agreement or the Indenture or any other document or
under applicable law. Nothing herein is intended to waive, limit, or restrict the ability of any of the foregoing parties, in whatever capacity, to protect and preserve their rights, remedies and interests against the Debtors or any third party,
whether under the Credit Agreement, the Indenture or any other document or applicable law.
	
	 Conditions to Confirmation/Effective Date of the Plan

		
	 Conditions to Confirmation
	  	 The following are conditions precedent to confirmation of the Plan, each of which must be satisfied or waived by the Debtors and
DISH:
  
 The Bankruptcy Court shall have approved the adequacy of the
disclosure statement, provided the Debtors are required to solicit acceptances of the Plan.
  
 The Plan shall not have been modified or amended without the prior written consent of DISH.
  

The Investment Agreement shall not have been terminated and there shall not be any default or event of default thereunder that has not been waived in
accordance with the terms thereof.
  
 There shall not be any default or event
of default under the New DIP Facility that has not been waived in accordance with the terms thereof.

  
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		  	The Bankruptcy Court shall have entered an order, in form and substance reasonably satisfactory to DISH, confirming the Plan.
		
	Conditions to Effective Date	  	 The following are conditions precedent to the occurrence of the Effective Date, each of which must be satisfied or waived by the
Debtors and DISH:
  
 The confirmation order, in form and substance reasonably
satisfactory to the Debtors and DISH, shall have become a final order and shall be in full force and effect, not subject to any stay, and shall not have been amended or otherwise modified without the prior written consent of DISH. The confirmation
order shall, among other things, provide that the Debtors and the Reorganized Debtors are authorized without further board or shareholder approval or consent to take all actions, including entering into agreements and documents, necessary to
effectuate the Plan.
  
 All conditions set forth in Article V of the
Investment Agreement shall have been satisfied or waived in accordance with the terms thereof, including, without limitation, obtaining all authorizations, consents, and HSR, FCC and other regulatory approvals.

 
 No event shall have occurred or condition shall exist which constitutes an event of
default, or which upon notice, lapse of time, or both would become an event of default, under the New DIP Facility that has not been waived by DISH in accordance with the terms of the New DIP Facility.

		
	Proposed Sprint Settlement:
Waivers (i) by Sprint of
Claims Against Debtors,
DISH, ICO Global and Their
Assignees and Transferees;
and (ii) by ICO
Global, DISH
and Debtors of Claims
Against Sprint	  	Up to $40 million of the amounts paid by DISH to DBSD may be used to fund a settlement with Sprint on terms described herein and otherwise acceptable to DISH, the Debtors and
Sprint. If Sprint accepts such a settlement prior to the Effective Date then, effective upon consummation of the Plan, Sprint shall be deemed to have waived and released all rights to any distribution under the Plan and any and all claims and causes
of action (including, without limitation, Administrative Claims, Secured Claims and Priority Claims) it has or may have, including any interest accrued on and fees and expenses resulting from such claims or causes of action, whether known or
unknown, against, liabilities of, liens on, obligations of, rights against and interests in the Debtors, the Reorganized Debtors, DISH and ICO Global, and their respective shareholders, lenders, successors, assignees, transferees, assets and
properties, with respect to (i) any and all cost incurred or to be incurred by Sprint in connection with the relocation of broadcast auxiliary service licensees from the 1990-2025 MHz spectrum band, and (ii) any and all claims asserted in the
E.D.Va. Litigation (as defined below). For the avoidance of doubt, Sprint shall waive

  
 6 

			
		
		  	 and release any and all claims and causes of action it has or may have against the Debtors, the Reorganized Debtors, DISH and ICO
Global, and their respective shareholders, lenders, successors, assignees, transferees, assets and properties, under the Federal Communication Commissions’ Fifth Report and Order, Eleventh Report and Order, Sixth Report and Order, and
Declaratory Ruling, FCC No. 10-179, released September 29, 2010, 75 Fed. Reg. 67,227 (Nov. 2, 2010), 25 FCC Rcd 13874 (the “BAS Rulemaking”), and under any amendments to or modifications of the BAS Rulemaking, including any and
all claims and causes of action in connection with or arising or resulting from or upon any assignment or transfer of the Debtors’ spectrum licenses.
  

Effective upon consummation of the Plan, if Sprint has accepted such settlement, ICO Global, DISH and Debtors shall be deemed to have released and waived
any and all claims and causes of action they individually and/or collectively have or may have, including any interest accrued on and fees and expenses resulting from such claims or causes of action, whether known or unknown, against, liabilities
of, liens on, obligations of, and rights against Sprint, and its successors, assignees and transferees, and its assets and properties in connection with the relocation of broadcast auxiliary service licensees from the 1990-2025 MHz spectrum
band.

		
	Waiver by ICO Global of
Claims Against Debtors and
Their Assignees and
Transferees	  	 ICO Global shall fully release and waive any and all claims, except for the Prepetition ICO Claims (defined below), and causes of
action its has or may have, including any interest accrued on and fees and expenses resulting from such claims or causes of action, whether known or unknown, against, liabilities of, liens on, obligations of, rights against and interests in the
Debtors and the Reorganized Debtors, and their respective shareholders, lenders, successors, assignees, transferees, assets and properties.
  

“Prepetition ICO Claims” shall mean the two allowed prepetition unsecured claims against the Debtors held by ICO Global in the amount of
$403,104.26 and $215,421.75, respectively.

		
	Release of ICO Global	  	ICO Global shall be released by the Debtors and other parties in interest to the extent originally provided for in the plan that was confirmed by the Debtors on November 23,
2009.
		
	Withdrawal of Sprint’s
Actions Against ICO Global
and the Debtors	  	If Sprint has accepted the settlement described above, as soon as practicable following the Effective Date, Sprint shall file a notice of dismissal with prejudice of its civil
actions against (i) ICO Global currently pending in the United States District Court for the Eastern District of Virginia [case no. 10-01404], and (ii) New DBSD Satellite Services, G.P. (f/k/a New ICO Satellite Services, G.P.) currently pending in
the United States District Court for the

  
 7 

			
		
		  	Eastern District of Virginia [case no. 08-00651] (collectively, the “E.D.Va. Litigation”).
		
	Withdrawal of Petition for
Review by Debtors and ICO
Global	  	If Sprint has accepted the settlement described above, as soon as practicable following the Effective Date, each of the Debtors shall file a notice of dismissal with prejudice of
any appeal or review sought with respect to the BAS Rulemaking, filed in the D.C. Circuit on November 29, 2010 (Case No. 10-1401). As soon as practicable following the Effective Date, ICO Global shall file a notice of dismissal with prejudice of any
appeal or review sought with respect to the BAS Rulemaking, filed in the D.C. Circuit on October 12, 2010 (Case No. 10-1322).
		
	Transition Services and
Amended License Agreements	  	The Debtors and ICO Global shall implement the Transition Services Agreement and Amended and Restated License and Spectrum Coordination Agreement, each in the form attached to
the Implementation Agreement, between ICO Global and DISH, dated as of March 15, 2011 .

  
 8 

 Exhibit 2 
 Revised Tender Offer Term Sheet 

 EXHIBIT D 
 TENDER OFFER FOR CONVERTIBLE DEBT SECURITIES AND CERTAIN 
 OTHER CLAIMS OF
THE DEBTORS 
  

Term Sheet 
 This Term
Sheet1 summarizes certain material terms with regard to a
proposed tender offer (the “Tender Offer”) by Dish Network Corporation (“DISH”). Terms used and not defined herein shall have the meanings ascribed thereto in the Investment Agreement. 

 

			
	 Offeror
	  	 DISH

		
	 Claims Tendered for by DISH

and Purchase Price2
	  	 •    Any and all of the 7.5% Convertible Senior Secured Notes due
2009 (issued under that certain indenture dated August 15, 2005, as supplemented and amended, among DBSD North America, Inc. (the “Company”), the guarantors named therein, and The Bank of New York Mellon (f/k/a The Bank of New
York), as trustee) outstanding (the “Notes”) for all amounts in cash necessary to satisfy claims (including interest accrued and unpaid through (but not including) the Purchase Date) thereunder pursuant to the terms of the Note
Indenture
  

•    Any and all allowed general unsecured claims of the Company and 3421554 Canada
Inc., DBSD Satellite Management, LLC, DBSD Satellite North America Limited, DBSD Satellite Services Limited, DBSD Services Limited, DBSD Satellite Services G.P., and SSG UK Limited for 100% of the allowed claim amount in cash

 
 •    General
unsecured claim of New DBSD Satellite Services G.P. held by Sprint Nextel Corporation for $40 million in cash, subject to Sprint’s agreement to deliver the releases and waivers contemplated by the Plan

 
 •    Any and all
non-ordinary course allowed administrative claims relating to cure amounts on contracts previously assumed for 100% of the allowed claim amount in cash
  

All of the foregoing, other than the Notes, are referred to herein as the “Claims”

 

	1	 This term sheet will be replaced by copies of the Tender Offer Documents agreed to by Investor and the Company pursuant to Section 4.13 of the
Investment Agreement. 

	2	 The Tender Offer Documents will include a schedule of the claims falling within this provision to be provided by the Company based on the
representations contained in the Investment Agreement and this Exhibit D. 

			
	 Expiration Date
	  	11:59 pm, New York City time, 20 business days following commencement of the tender offer, provided that, the Expiration Date shall be subject to extension as set forth in
Section 4.13 of the Investment Agreement
		
	 Purchase Date
	  	Promptly, but in any event within three (3) business days, after the Expiration Date
		
	 Conditions to Closing of

Tender Offer
	  	 DISH’s obligation to purchase the Notes and the Claims tendered is conditioned on the satisfaction or written waiver by DISH of
only the following conditions:
  

•      no Restraints being in effect preventing the consummation of the tender
offer
  

•      the Investment Agreement or Replacement DIP Facility not having been
terminated and Investment Agreement Approval Order being in full force and effect
  
 •      Restriction period relating to the purchase of certain claims set forth in the “Amended Order (A) Restricting The Purchase Of Certain Claims Against The
Debtors And (B) Continuing Notification And Hearing Procedures For Relief From The Restrictions On The Purchase Of Certain Claims Against The Debtors” having expired by its terms or a subsequent order having been entered permitting the closing
of the tender offer

		
	 Withdrawal Rights
	  	Holders of Notes and Claims may withdraw their tenders on or before the Expiration Date
		
	 Note Covenants
	  	Covenants in Notes shall remain in effect after the completion of the tender offer

  
 2 

 EXECUTION VERSION 

 
  
 AMENDED & RESTATED INVESTMENT AGREEMENT 
 Dated as of February 24,
2011, 
 between 
 DBSD NORTH AMERICA, INC. 
 and 

DISH NETWORK CORPORATION 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	  
 ARTICLE I

 
 Purchase and Sale of the Shares; Closing

 
	 
   

   
 

	SECTION 1.01	  	Purchase and Sale of Shares	  	 	2	  
	SECTION 1.02	  	Closing	  	 	3	  
	SECTION 1.03	  	Transactions To Be Effected at the Closing	  	 	3	  
	  
 ARTICLE II

 
 Representations and Warranties

of the Company
  
	 
   

   
   
 

	SECTION 2.01	  	Organization, Standing and Power	  	 	4	  
	SECTION 2.02	  	Issuance of Securities	  	 	4	  
	SECTION 2.03	  	Capital Structure	  	 	5	  
	SECTION 2.04	  	Authority; Execution and Delivery; Enforceability	  	 	5	  
	SECTION 2.05	  	No Conflicts; Consents	  	 	6	  
	SECTION 2.06	  	Financial Statements	  	 	7	  
	SECTION 2.07	  	Absence of Certain Changes or Events	  	 	7	  
	SECTION 2.08	  	Certain Assets	  	 	8	  
	SECTION 2.09	  	Real Property	  	 	8	  
	SECTION 2.10	  	Intellectual Property	  	 	8	  
	SECTION 2.11	  	Permits	  	 	10	  
	SECTION 2.12	  	Communications Regulatory Matters	  	 	11	  
	SECTION 2.13	  	Insurance	  	 	12	  
	SECTION 2.14	  	Taxes	  	 	13	  
	SECTION 2.15	  	ERISA Compliance; Excess Parachute Payments	  	 	15	  
	SECTION 2.16	  	Litigation	  	 	17	  
	SECTION 2.17	  	Compliance with Applicable Laws	  	 	17	  
	SECTION 2.18	  	Contracts	  	 	17	  
	SECTION 2.19	  	Environmental Matters	  	 	18	  
	SECTION 2.20	  	Brokers; Schedule of Fees and Expenses	  	 	20	  
	SECTION 2.21	  	Claims of the Debtors	  	 	20	  
	  
 ARTICLE III

 
 Representations and Warranties of Investor

 
	 
   

   
 

	SECTION 3.01	  	Organization, Standing and Power	  	 	20	  
	SECTION 3.02	  	Authority; Execution and Delivery; Enforceability	  	 	21	  
	SECTION 3.03	  	No Conflicts; Consents	  	 	21	  

							
	SECTION 3.04	    	Litigation	  	 	21	  
	SECTION 3.05	    	Securities Act	  	 	22	  
	SECTION 3.06	    	Brokers; Schedule of Fees and Expenses	  	 	22	  
	SECTION 3.07	    	Sufficient Funds	  	 	22	  
	  
 ARTICLE IV

 
 Covenants

 
	 
   

   
 

	SECTION 4.01	    	Conduct of Business	  	 	22	  
	SECTION 4.02	    	Alternative Proposals	  	 	25	  
	SECTION 4.03	    	Access to Information	  	 	27	  
	SECTION 4.04	    	Antitrust Clearance and FCC Approval	  	 	27	  
	SECTION 4.05	    	Reasonable Best Efforts	  	 	28	  
	SECTION 4.06	    	Supplemental Disclosure	  	 	29	  
	SECTION 4.07	    	Fees and Expenses	  	 	30	  
	SECTION 4.08	    	Public Announcements	  	 	30	  
	SECTION 4.09	    	Resignation of Directors of the Company	  	 	30	  
	SECTION 4.10	    	Further Assurances	  	 	31	  
	SECTION 4.11	    	Restrictive Covenants; Employee Matters	  	 	31	  
	SECTION 4.12	    	Bankruptcy Matters	  	 	32	  
	SECTION 4.13	    	Tender Offer	  	 	34	  
	  
 ARTICLE V

 
 Conditions Precedent

 
	 
   

   
 

	SECTION 5.01	    	Conditions to Each Party’s Obligation	  	 	36	  
	SECTION 5.02	    	Conditions to Obligation of Investor	  	 	36	  
	SECTION 5.03	    	Conditions to Obligation of the Company	  	 	39	  
	SECTION 5.04	    	Waiver of Condition	  	 	40	  
	  
 ARTICLE VI

 
 Termination, Amendment and Waiver

 
	 
   

   
 

	SECTION 6.01	    	Termination	  	 	40	  
	SECTION 6.02	    	Effect of Termination	  	 	42	  
	SECTION 6.03	    	Amendments and Waivers	  	 	45	  
	  
 ARTICLE VII

 
 General Provisions

 
	 
   

   
 

	SECTION 7.01	    	Nonsurvival of Representations and Warranties	  	 	45	  
	SECTION 7.02	    	Assignment	  	 	45	  
	SECTION 7.03	    	No Third-Party Beneficiaries	  	 	45	  
	SECTION 7.04	    	Notices	  	 	45	  

  
 3 

							
	SECTION 7.05	    	Interpretation; Exhibits and Schedules; Certain Definitions	  	 	46	  
	SECTION 7.06	    	Counterparts	  	 	49	  
	SECTION 7.07	    	Entire Agreement	  	 	49	  
	SECTION 7.08	    	Severability	  	 	49	  
	SECTION 7.09	    	Specific Performance	  	 	49	  
	SECTION 7.10	    	Consent to Jurisdiction	  	 	50	  
	SECTION 7.11	    	Governing Law	  	 	50	  
	SECTION 7.12	    	Waiver of Jury Trial	  	 	50	  
	SECTION 7.13	    	No Recourse	  	 	50	  

  

			
	Exhibit A	 	Plan Term Sheet
	Exhibit B	 	Form of Investment Agreement Approval Order
	Exhibit C	 	Form of DIP Financing Approval Order
	Exhibit D	 	Tender Offer Term Sheet

  
 4 

 INDEX OF DEFINED TERMS 

 

					
	 363 Sales
	  	 	44	  
	 363 Sales Process
	  	 	44	  
	 401(k) Plans
	  	 	31	  
	 Affiliate
	  	 	46	  
	 Agreement
	  	 	1	  
	 Alternative Proposal
	  	 	26	  
	 Antitrust Agencies
	  	 	27	  
	 Appeals
	  	 	36	  
	 Approval Motions
	  	 	32	  
	 Approval Orders
	  	 	46	  
	 ATC
	  	 	12	  
	 Bankruptcy Code
	  	 	1	  
	 Bankruptcy Court
	  	 	1	  
	 Break-Up Fee
	  	 	41	  
	 Break-Up Fee Payment Date
	  	 	42	  
	 Cash Purchase Price
	  	 	3	  
	 Chapter 11 Cases
	  	 	1	  
	 Closing
	  	 	3	  
	 Closing Date
	  	 	3	  
	 Code
	  	 	12	  
	 Common Stock
	  	 	2	  
	 Commonly Controlled Entity
	  	 	15	  
	 Company
	  	 	1	  
	 Company Benefit Agreements
	  	 	16	  
	 Company Benefit Plans
	  	 	16	  
	 Company Board
	  	 	6	  
	 Company Charter
	  	 	6	  
	 Company Disclosure Letter
	  	 	4	  
	 Company Intellectual Property
	  	 	10	  
	 Company License Schedule
	  	 	11	  
	 Company Licenses
	  	 	11	  
	 Company Material Adverse Effect
	  	 	46	  
	 Company Pension Plan
	  	 	17	  
	 Company Subsidiary
	  	 	47	  
	 Condition Failure Notice
	  	 	39	  
	 Confirmation Order
	  	 	35	  
	 Consent
	  	 	6	  
	 Contract
	  	 	47	  
	 Convenience Class Claims
	  	 	3	  
	 Deadline
	  	 	39	  
	 Debtors
	  	 	1	  
	 DIP Commitment Letter
	  	 	47	  
	 DIP Financing Approval Order
	  	 	32	  
	 Disclosure Statement
	  	 	2	  

					
	 Disclosure Statement Approval Order
	  	 	38	  
	 Disqualified Individual
	  	 	16	  
	 Employee
	  	 	17	  
	 End Date
	  	 	41	  
	 Environmental Claim
	  	 	19	  
	 Environmental Laws
	  	 	19	  
	 ERISA
	  	 	17	  
	 Exchange Act
	  	 	17	  
	 Existing DIP Facility
	  	 	8	  
	 Expiration Date
	  	 	35	  
	 FCC
	  	 	11	  
	 FCC Consents
	  	 	7	  
	 FCC Order
	  	 	36	  
	 FCC Rules
	  	 	12	  
	 Financial Statements
	  	 	7	  
	 GAAP
	  	 	7	  
	 Governmental Entity
	  	 	6	  
	 Hazardous Materials
	  	 	19	  
	 HSR Act
	  	 	7	  
	 Intellectual Property
	  	 	10	  
	 International Rules
	  	 	12	  
	 Investment Agreement Approval Order
	  	 	32	  
	 Investor
	  	 	1	  
	 Investor Contributions
	  	 	3	  
	 Investor Material Adverse Effect
	  	 	47	  
	 Investor Transaction Expenses
	  	 	30	  
	 Investor’s Closing Certificate
	  	 	39	  
	 ITU
	  	 	12	  
	 ITU Rules
	  	 	12	  
	 Judgment
	  	 	6	  
	 Law
	  	 	6	  
	 Liens
	  	 	47	  
	 Note Indenture
	  	 	3	  
	 Notes
	  	 	3	  
	 Ofcom
	  	 	11	  
	 Original Agreement
	  	 	1	  
	 Parties
	  	 	1	  
	 Party
	  	 	1	  
	 Permits
	  	 	4	  
	 Permitted Liens
	  	 	8	  
	 person
	  	 	48	  
	 Plan
	  	 	2	  
	 Plan Term Sheet
	  	 	2	  
	 Prepetition Credit Agreement
	  	 	2	  
	 Prepetition Credit Agreement Credit
	  	 	43	  
	 Prior Plan
	  	 	48	  

  
 6 

					
	 Proceeding
	  	 	11	  
	 Purchase Price
	  	 	3	  
	 Related Person
	  	 	48	  
	 Release
	  	 	19	  
	 Releasees
	  	 	50	  
	 Reorganized Company
	  	 	2	  
	 Reorganized Company’s Closing Certificate
	  	 	36	  
	 Replacement DIP Facility
	  	 	1	  
	 Representatives
	  	 	25	  
	 Responsible Officer
	  	 	36	  
	 Restraints
	  	 	35	  
	 Restructuring
	  	 	1	  
	 Reverse Break Fee Termination
	  	 	43	  
	 Reverse Break-Up Fee
	  	 	42	  
	 Satellite Services
	  	 	1	  
	 Securities Act
	  	 	21	  
	 Shares
	  	 	2	  
	 Spectrum
	  	 	28	  
	 Sprint
	  	 	3	  
	 Subject Claims
	  	 	34	  
	 Subsidiary
	  	 	48	  
	 Superior Proposal
	  	 	26	  
	 Tax Return
	  	 	13	  
	 Taxes
	  	 	13	  
	 Taxing Authority
	  	 	13	  
	 Tender Conditions
	  	 	34	  
	 Tender Offer
	  	 	33	  
	 Tender Offer Documents
	  	 	34	  
	 Transaction
	  	 	3	  
	 UK Authorities
	  	 	11	  
	 UK Rules
	  	 	12	  
	 Unacceptable Conditions
	  	 	28	  

  
 7 

 INVESTMENT AGREEMENT 

This AMENDED AND RESTATED INVESTMENT AGREEMENT, dated as of February 24, 2011 (this “Agreement”), between DBSD
NORTH AMERICA, INC., a Delaware corporation (the “Company”) and DISH NETWORK CORPORATION, a Nevada corporation (“Investor”) amends the Investment Agreement dated as of February 1, 2011 (the “Original
Agreement”), between the Company and Investor. The Company and Investor may be referred to individually herein as a “Party”, and together, the “Parties”. 

RECITALS 

WHEREAS the Parties desire to amend and restate the Original Agreement in its entirety pursuant to Section 6.03 of the
Original Agreement; 
 WHEREAS, the Company and 3421554 Canada Inc., DBSD Satellite Management, LLC, DBSD Satellite North
America Limited, DBSD Satellite Services G.P., DBSD Satellite Services Limited, DBSD Services Limited, New DBSD Satellite Services G.P. (“Satellite Services”), and SSG UK Limited (collectively, the “Debtors”) have
determined that a prompt restructuring of their debt would be in the best interests of their creditors; 
 WHEREAS, the Debtors
have commenced voluntary cases under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”),
jointly administered under Case No. 09-13061 (the “Chapter 11 Cases”); 
 WHEREAS, the Debtors and
Investor have engaged in good faith negotiations with the objective of reaching an agreement for a financial restructuring of the Debtors; 
 WHEREAS, concurrent with the execution of this Agreement, Investor, the Company and each of the other Debtors, as subsidiary guarantors, are entering into that certain debtor-in-possession financing
facility (the “Replacement DIP Facility”) pursuant to which Investor shall provide the Company with a term loan facility in an aggregate principal amount of $87.5 million; 

WHEREAS, the Debtors and Investor now desire to implement a financial restructuring of the Debtors (the “Restructuring”)
on the terms and 

 
conditions set forth herein and in the term sheet for a plan of reorganization for the Debtors (the “Plan Term Sheet”) attached hereto as Exhibit A; 

WHEREAS, each Party has reviewed, or has had the opportunity to review, the Plan Term Sheet and this Agreement with the assistance of
professional legal advisors of its own choosing; 
 WHEREAS, the Parties intend to consummate the Restructuring on the terms and
conditions set forth in this Agreement and in the Plan Term Sheet through, among other things, a chapter 11 plan of reorganization in form and substance not inconsistent with the Plan Term Sheet or this Agreement and which otherwise shall be in form
and substance reasonably satisfactory to Investor (the “Plan”) which will be filed in the Chapter 11 Cases, along with a disclosure statement describing the Plan in form and substance not inconsistent with the Plan Term Sheet or
this Agreement and which otherwise shall be in form and substance reasonably satisfactory to Investor (the “Disclosure Statement”) and shall be prosecuted by the Debtors, all within the time periods set forth herein; and 

WHEREAS, to expedite and support the implementation of the Restructuring, Investor is prepared to commit, on the terms and subject to the
conditions of this Agreement and applicable Law, to contribute to the Company (i) the amount owed under the Amended and Restated Revolving Credit Agreement, dated as of April 7, 2008, by and among Borrower, each of Borrower’s
subsidiaries, as guarantors, Wells Fargo Bank, N.A., as successor administrative agent, the Prepetition Lenders, and the Bank of New York Mellon (f/k/a the Bank of New York), as collateral agent (as amended, supplemented or modified from time to
time, the “Prepetition Credit Agreement”), (ii) cash in an amount necessary to fund consummation of the Plan, and (iii) the Investor Contributions (as defined herein), in exchange for 100% (or such lesser percentage as
Investor shall determine) of the equity of reorganized DBSD North America, Inc. (the “Reorganized Company”). 

NOW THEREFORE, in consideration of the promises and the mutual covenants and agreements set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 
 ARTICLE I

 Purchase and Sale of the Shares; Closing 
 SECTION 1.01 Purchase and Sale of Shares. On the terms and subject to the conditions set forth in this Agreement, at the Closing, the Reorganized Company will issue, sell and deliver to Investor,
and Investor will purchase and receive from the Reorganized Company, 10,000 shares (the “Shares”) of the common stock, par value $0.01 per share of the Reorganized Company (the “Common Stock”) for an

  
 2 

 
aggregate purchase price equal to (a) cash sufficient to (i) satisfy claims for all amounts due and owing (including principal and interest accrued and unpaid through Closing in
accordance with the terms therein) under those 7.5% Convertible Senior Secured Notes due 2009 (the “Notes”) not owned by Investor, issued under (and with such amounts determined in accordance with) that certain indenture dated
August 15, 2005, as supplemented and amended, among the Company, the guarantors named therein, and The Bank of New York Mellon (f/k/a The Bank of New York), as trustee (the “Note Indenture”), (ii) repay in full all of the
Company’s outstanding obligations under the Replacement DIP Facility, (iii) pay in cash 75% of each allowed general unsecured claim, not owned by Investor, against the Debtors other than Satellite Services, (iv) pay in cash 100% of
each allowed general unsecured convenience class claim in an amount of $50,000 or less (or a claim larger than $50,000 that the holder of such claim voluntarily agrees to reduce to $50,000) against the Debtors (“Convenience Class
Claims”), not owned by Investor, (v) pay in cash $40 million to Sprint Nextel Corporation (“Sprint”) for Sprint’s general unsecured claim against Satellite Services, if Sprint votes to accept the Plan and agrees
to such releases and conditions set forth in the Plan, unless such claim is transferred to Investor pursuant to Section 4.13, and (vi) pay in cash 100% of each allowed administrative claim (including cure amounts on contracts previously
assumed) that are not being paid on a current and regular basis, not owned by Investor, against the Debtors (collectively, the “Cash Purchase Price”) payable as set forth below in Section 1.03, plus (b) (i) the
contribution to the Company of the Convenience Class Claims, the allowed general unsecured claims, and the allowed administrative claims against the Debtors owned by Investor, (ii) the contribution to the Company of the Notes owned by Investor
and (iii) the contribution to the Company of the amount owed under the Prepetition Credit Agreement (collectively, the “Investor Contributions” and, together with the Cash Purchase Price, the “Purchase Price”).
Following such contribution of the amounts owed under the Prepetition Credit Agreement and the other claims contributed pursuant to the Investor Contributions, none of the Debtors or any of their Affiliates party thereto shall have any further
obligations under the Prepetition Credit Agreement or under any such claims. The purchase and sale of the Shares, and the Investor Contributions are collectively referred to in this Agreement as the “Transaction”. 

SECTION 1.02 Closing. The closing of the Transaction (the “Closing”) will take place at the offices of Skadden,
Arps, Slate, Meagher & Flom LLP, located at Four Times Square, New York New York at 10:00 a.m. on the second business day following the satisfaction (or, to the extent permitted by Law, waiver by each Party entitled to the benefits thereof)
of the conditions set forth in Article V (other than conditions which by their terms or nature are to be satisfied at the Closing, but subject to satisfaction of such conditions at the Closing), or at such other place, time and date as may be
agreed between the Company and Investor. The date on which the Closing occurs is referred to in this Agreement as the “Closing Date”, which Closing Date shall also be the effective date of the Plan. 

SECTION 1.03 Transactions To Be Effected at the Closing. At the Closing: 

(a) The Reorganized Company will deliver to Investor or one of its wholly owned Subsidiaries (as determined by Investor in its sole
discretion) (i) certificates representing 

  
 3 

 
the Shares, duly issued by the Reorganized Company and registered in the name of Investor and (ii) the Reorganized Company’s Closing Certificate (as defined in Section 5.02(b)).

 (b) Investor shall deliver to the Reorganized Company (i) the Cash Purchase Price by wire transfer of immediately
available funds to the account designated by the Company (which account shall be designated by the Company not less than one day prior to the Closing Date) and (ii) evidence reasonably satisfactory to the Parties that all debt under the
Prepetition Credit Agreement and all claims contributed pursuant to the Investor Contributions have been satisfied. 
 ARTICLE II

 Representations and Warranties 
 of the Company 
 The Company hereby represents and warrants to Investor
that, except as set forth in the disclosure letter, dated as of the date of this Agreement, from the Company to Investor (the “Company Disclosure Letter”) (which Company Disclosure Letter sets forth items of disclosure with specific
reference to the particular Section or subsection of this Agreement to which the information in the Company Disclosure Letter relates; provided, however, that any information set forth in one Section of the Company Disclosure Letter
shall be deemed to apply to each other Section or subsection thereof to which its relevance is reasonably apparent on its face): 
 SECTION 2.01 Organization, Standing and Power. Each of the Company and each Company Subsidiary (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction
in which it is organized and (b) has full corporate (limited liability company or partnership) power and authority and possesses all governmental franchises, licenses, permits, authorizations and approvals (other than Company Licenses,
“Permits”) necessary to enable it to own, lease or otherwise hold its properties and assets and to conduct its business as presently conducted, other than such Permits the lack of which, individually or in the aggregate, have not
had and would not reasonably be expected to have a Company Material Adverse Effect or have a material adverse effect on the ability of the Company to perform its obligations under this Agreement or to consummate the Transaction prior to the End
Date. Each of the Company and each Company Subsidiary is duly qualified to do business in each jurisdiction in which the conduct or nature of its business or the ownership, leasing or holding of its properties makes such qualification necessary,
except such jurisdictions where the failure to be so qualified or in good standing, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect or have a material adverse effect on the
ability of the Company to perform its obligations under this Agreement or to consummate the Transaction prior to the End Date. 

SECTION 2.02 Issuance of Securities. The Shares to be issued to Investor, when issued and delivered as provided herein, will have
been duly and validly authorized and 

  
 4 

 
will be duly and validly issued and delivered. Upon issuance, the Shares will be fully paid and non-assessable and free of preemptive or similar rights. 

SECTION 2.03 Capital Structure. 
 (a) As of the Closing, the authorized capital stock of the Reorganized Company will consist solely of 10,000 shares of Common Stock, of which 10,000 shares (or such other amount as Investor shall
determine) will be issued and outstanding. As of the Closing there will be no shares of capital stock or other equity interests of the Reorganized Company issued, reserved for issuance or outstanding, other than the Shares. 

(b) Section 2.03(b) of the Company Disclosure Letter sets forth for each Company Subsidiary the amount of its authorized capital
stock (or other equity interests), the amount of its outstanding capital stock and the record and beneficial owners of its outstanding capital stock (or other equity interests). As of the date hereof the Company, and as of the Closing the
Reorganized Company, directly or indirectly, has and will have good and valid title to the outstanding capital stock (or other equity interests) of each Company Subsidiary set forth as owned by the Company in Section 2.03(b) of the Company
Disclosure Letter, free and clear of all Liens. All the outstanding shares of capital stock (or other equity interests) of each Company Subsidiary have been duly authorized and validly issued and are fully paid and nonassessable. 

(c) Except for issuances of securities by the Reorganized Company as contemplated by this Agreement or the Plan, as of the date of this
Agreement, there are not any options, restricted shares, warrants, rights, convertible or exchangeable securities, “phantom” stock rights, stock appreciation rights, stock-based performance units, other stock based rights, commitments,
Contracts, arrangements or undertakings of any kind to which the Company, the Reorganized Company or any Company Subsidiary is a party or by which any of them is bound. 
 (d) Except for its interests in the Company Subsidiaries, the Company does not own, directly or indirectly, any capital stock, membership interest, partnership interest, joint venture interest or other
equity interest in any person. 
 SECTION 2.04 Authority; Execution and Delivery; Enforceability. 

(a) Subject to entry by the Bankruptcy Court of the Investment Agreement Approval Order, the Company has all requisite corporate power and
authority to execute and deliver this Agreement and, subject to entry of the Confirmation Order, to consummate the Transaction, the Restructuring and the other transactions contemplated hereby and thereby. The execution and delivery by the Company
of this Agreement and the consummation by the Company of the Transaction, the Restructuring and the other transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action on the part of the Company. The
Company has duly executed and delivered this Agreement and assuming the due authorization, execution and delivery by each of the other parties hereto and thereto, this 

  
 5 

 
Agreement constitutes the legal, valid and binding obligation of the Company and the Reorganized Company, enforceable against the Company and the Reorganized Company in accordance with its terms,
subject to entry by the Bankruptcy Court of the Investment Agreement Approval Order and, with respect to consummation, the Confirmation Order. 
 (b) No vote or approval by any stockholder or equityholder of the Company or any Company Subsidiary is required in connection with (i) the execution and delivery by the Company of this Agreement or
any other agreement to which it is, or is specified to be, a party or (ii) the consummation of the Transaction, the Restructuring and the other transactions contemplated hereby and thereby. 

(c) The board of directors of the Company (the “Company Board”) has duly authorized and approved the DIP Commitment
Letter and the transactions contemplated thereby and the execution and delivery by the Company of the DIP Commitment Letter and the consummation of the transactions contemplated thereby have been duly authorized by all necessary corporate action on
the part of the Company. 
 SECTION 2.05 No Conflicts; Consents. 

(a) The execution and delivery by the Company of this Agreement do not and the consummation of the Transaction, the Restructuring and the
other transactions contemplated hereby and thereby and compliance by the Company and the Reorganized Company with the terms hereof and thereof will not, conflict with, or result in any violation of or default (with or without the lapse of time or
the giving of notice, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to loss of a material benefit under, or increase, add to, accelerate or guarantee rights or entitlements of any person
under, or result in the creation of any Lien upon any of the properties or assets of the Company, the Reorganized Company or any Company Subsidiary under, any provision of (i) the certificate of incorporation of the Company (“Company
Charter”), the Company’s by-laws, or the comparable charter or organizational documents of any Company Subsidiary, (ii) any Contract to which the Company, the Reorganized Company or any Company Subsidiary is a party or by which
any of their respective properties or assets is bound or (iii) subject to the filings and other matters referred to in Section 2.05(b), any ruling, judgment, order or decree (“Judgment”) or statute, law (including common
law), ordinance, rule or regulation (“Law”) applicable to the Company, the Reorganized Company or any Company Subsidiary or their respective properties or assets, other than (x) any such item that would be discharged by the
Plan or (y) in the case of clauses (ii) and (iii) above, any such item that, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect or have a material adverse
effect on the ability of the Company to perform its obligations under this Agreement or to consummate the Transaction prior to the End Date. 
 (b) No consent, approval, license, permit, order or authorization (“Consent”) of, or registration, declaration or filing with, any Federal, state, local or foreign government or any court
of competent jurisdiction, administrative agency or commission or 

  
 6 

 
other governmental authority or instrumentality, domestic or foreign (a “Governmental Entity”), is required to be obtained or made by or with respect to the Company, the
Reorganized Company or any Company Subsidiary in connection with (A) the execution, delivery and performance of this Agreement or the consummation of the Transaction, the Restructuring or the other transactions contemplated hereby and thereby
or (B) the ownership by Investor of the Shares following the Closing, other than (i) compliance with and filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), and the
expiration or termination of any waiting period under the HSR Act applicable to the Transaction, (ii) the entry by the Bankruptcy Court of the Approval Orders and the Confirmation Order, (iii) the filing of the Amended Company Charter with
the Secretary of State of the State of Delaware, (iv) all required consents and approvals of the full FCC or an appropriate bureau or bureaus, or division or subdivision thereof for the Transaction, including without limitation all required
prior approvals for the transfer of control to Investor over the FCC authorizations held by the Company or by the licensee of each Company License and grants of the waivers listed in Section 2.05(b) of the Company Disclosure Letter
(collectively this clause (iv), the “FCC Consents”) and (v) such other items that are immaterial. 

SECTION 2.06 Financial Statements. 
 The Company has delivered to Investor true, accurate and complete copies of the audited balance sheet and statements of income and cash flows as of and for the twelve months ended December 31, 2008
unaudited balance sheet and statements of income and cash flows as of and for the three months ended March 31, 2009, and unaudited monthly statements of income and cash flows commencing on May 15, 2009 (collectively, the “Financial
Statements”) of each of the Debtors, which have been certified by their principal financial officer. The Financial Statements fairly present the financial condition of the Debtors as at such dates and the results of its operations for the
periods ended on such dates, subject to normal year end audit adjustments. The Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), applied on a consistent basis for the
periods involved (subject to the absence of footnote disclosure in the case of the financial statements for the twelve months ended December 31, 2010 included as part of the Financial Statements). 

SECTION 2.07 Absence of Certain Changes or Events. 
 (a) Except for the proceedings under the Chapter 11 Cases, since May 15, 2009, there has not occurred any event, development, condition or circumstance that, individually or in the aggregate, has had
or would reasonably be expected to have a Company Material Adverse Effect or have a material adverse effect on the ability of the Company to perform its obligations under this Agreement or to consummate the Transaction prior to the End Date.

 (b) Since May 15, 2009 to the date hereof, the Company has conducted its business only in the ordinary course consistent
with past practice, and during such period the 

  
 7 

 
Company and the Company Subsidiaries have not taken any actions which, if taken after the date hereof would require Investor’s Consent under Section 4.01 hereof. 

SECTION 2.08 Certain Assets. 
 (a) The Company or a Company Subsidiary has good and valid title to or the right to use all the assets reflected on the Financial Statements or thereafter acquired, other than those disposed of since the
date of the Financial Statements in the ordinary course of business consistent with past practice, in each case free and clear of all Liens except (i) mechanics’, carriers’, workmen’s, repairmen’s or other like Liens arising
or incurred in the ordinary course of business with respect to obligations that are not delinquent, (ii) Liens arising under original purchase price conditional sales contracts and equipment leases with third parties entered into in the
ordinary course of business, (iii) Liens for Taxes that are not yet due and payable or are being contested in good faith by appropriate proceedings and for which adequate reserves, in accordance with GAAP, have been established, (iv) Liens
that are released in connection with the Closing by operation of, as the case may be, the Plan, the Confirmation Order, the Bankruptcy Code or otherwise, (v) rights reserved to the lessors or licensors of any of the assets of the Company or any
Company Subsidiary, and the restrictions, conditions, restrictive covenants and limitations in respect thereof pursuant to the terms of any Contract, which, in each case, (X) do not constitute security interests or similar interests and,
(Y) individually or in the aggregate, do not materially detract from the value of, or impair the use of, such property to or by the business; (vi) Liens that secure debt that is reflected as a liability on the Financial Statements or Liens
the existence of which is referred to in the notes to the Financial Statements (which Liens in this clause (vi) will be fully discharged as of the repayment of the Company’s debtor-in-possession credit facility as in effect as of the date
of this Agreement (the “Existing DIP Facility”) or as of the Closing) and (vii) other imperfections of title or encumbrances, if any, that, individually or in the aggregate, do not materially impair, and could not reasonably be
expected materially to impair, the continued use and operation of the assets to which they relate in the conduct of the business of the Company and the Company Subsidiaries as presently conducted and as currently proposed by the Company to be
conducted (the Liens described in clauses (i) through (iii), (v) and (vii) above are referred to collectively as “Permitted Liens”). 
 (b) This Section 2.08 does not relate to real property or interests in real property, such items being the subject of Section 2.09, or to Intellectual Property, such items being the subject of
Section 2.10. 
 SECTION 2.09 Real Property. Neither the Company nor any Company Subsidiary owns any real property.

 SECTION 2.10 Intellectual Property. 
 (a) The Company or a Company Subsidiary (i) owns and possesses all right, title and interests in and to all owned Company Intellectual Property, free and clear of any Lien or other restriction (other
than Permitted Liens) or (ii) (A) has a valid right to use all Company 

  
 8 

 
Intellectual Property in connection with the conduct of the business of the Company and the Company Subsidiaries as presently conducted and as currently proposed by the Company to be conducted
and (B) has a valid right to use any other part or aspect of the Company Intellectual Property in connection with the conduct of the business of the Company and the Company Subsidiaries as presently conducted and as currently proposed by the
Company to be conducted, except with respect to foregoing clauses (i) and (ii), individually or in the aggregate, as has not had and would not reasonably be expected to have a Company Material Adverse Effect. 

(b) No portion of the Company Intellectual Property is or during the three-year period prior to the date of this Agreement has been
subject to any adverse, order, judgment, injunction, decree, ruling or charge. 
 (c) (i) No material action, suit, proceeding,
interference, opposition, reexamination, hearing, written claim or written demand is pending or, to the knowledge of the Company, is or during the three-year period prior to the date of this Agreement has been threatened against the Company or any
Company Subsidiary which challenges any aspect of the validity, enforceability, ownership, authorship, inventorship or use of any portion of the Company Intellectual Property and (ii) no material action, suit, proceeding, interference,
opposition, reexamination, hearing, written claim or written demand is pending or, to the knowledge of the Company, is or during the three-year period prior to the date of this Agreement has been threatened against the Company or any Company
Subsidiary which challenges any aspect of the validity, enforceability, ownership, authorship, inventorship or use of any other part or aspect of the Company Intellectual Property. 

(d) The Company and the Company Subsidiaries have taken commercially reasonable actions in accordance with normal industry practice to
protect, maintain and preserve the owned Company Intellectual Property and to maintain the confidentiality of the Company’s and the Company Subsidiaries’ trade secrets and other confidential owned Company Intellectual Property, except as,
individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect. 

(e) Except as, individually or in the aggregate, has not had and could not reasonably be expected to have a Company Material Adverse
Effect, the issued patents, registered trademarks and registered copyrights, and the applications for patents, trademarks and copyrights, that are owned Company Intellectual Property have been duly filed in, registered with or issued or granted by
the appropriate Governmental Entity, and have been prosecuted and maintained in accordance with the rules and regulations of those Governmental Entities. 
 (f) To the knowledge of the Company, no person is infringing the Company Intellectual Property or any other part or aspect of the Company Intellectual Property, except as, individually or in the
aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect. 

  
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 (g) Except as, individually or in the aggregate, has not had and would not reasonably be
expected to have a Company Material Adverse Effect, to the knowledge of the Company, the use by the Company or any Company Subsidiary of the Company Intellectual Property, or any portion thereof, does not violate, infringe or misappropriate the
Intellectual Property of any person. 
 (h) During the three year period prior to the date of this Agreement, neither the
Company nor any Company Subsidiary has received written notice of any material pending or threatened claims alleging violation, infringement or misappropriation of the Intellectual Property of any person. 

(i) Neither the Company nor any Company Subsidiary is a party to any license or other agreement or Contract that concerns Intellectual
Property, as to which the Company or any Company Subsidiary is in breach or default, or as to which the execution of this Agreement would give rise to a right of termination of any other party, in each case except as, individually or in the
aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect. 
 (j)
Definitions. As used in this Agreement: 
 (1) “Intellectual Property” means any and all domestic
and foreign intellectual property, including any and all (A) patents, patent applications and patent disclosures, together with all reissues, continuations, continuations-in-part, divisionals, revisions, extensions and reexaminations thereof,
(B) trademarks, service marks, logos, trade names, corporate names, domain names, trade dress, including all goodwill associated therewith, and all applications, registrations and renewals in connection therewith, (C) copyrights and
copyrightable works and all applications, registrations and renewals in connection therewith, (D) trade secrets and confidential or proprietary business information, whether or not subject to statutory registration (including confidential or
proprietary research and development, know-how, formulas, compositions, manufacturing and production processes and techniques, methods, schematics, technology, technical data, designs, drawings, flowcharts, block diagrams, specifications, customer
and supplier lists, pricing and cost information and business and marketing plans and proposals), and (E) proprietary rights in and to computer software (including source code, databases and related documentation). 

(2) “Company Intellectual Property” means any and all Intellectual Property used in the conduct of the
business of the Company and the Company Subsidiaries as presently conducted and as currently proposed by the Company to be conducted. 
 SECTION 2.11 Permits. The Company and the Company Subsidiaries (a) possess all Permits necessary or advisable to own or hold under lease and operate their respective assets and to conduct the
business of the Company and the Company Subsidiaries as presently 

  
 10 

 
conducted and as currently proposed to be conducted, which Permits are valid and in good standing, and (b) have complied with all terms and conditions of such Permits, except in each case
as, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect. There is no violation of, default (with or without the lapse of time or the giving of notice, or both) under, or event
giving to others any right of suspension, modification, revocation or nonrenewal of, any such Permit, except as, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect. There is
no event which, to the knowledge of the Company, has resulted or would reasonably be expected to result in the suspension, modification, revocation or nonrenewal of any such Permit, except as, individually or in the aggregate, has not had and would
not reasonably be expected to have a Company Material Adverse Effect. Neither the Company nor any Company Subsidiary has received written notice of any suit, action, proceeding or investigation (a “Proceeding”) relating to the
suspension, modification, revocation or nonrenewal of any such material Permits, and none of such material Permits will be subject to suspension, modification, revocation or nonrenewal as a result of the execution and delivery of this Agreement or
the consummation of the Transaction, the Restructuring or the other transactions contemplated hereby or thereby. 
 SECTION 2.12
Communications Regulatory Matters 
 (a) Section 2.12(a) of the Company Disclosure Letter (the “Company
License Schedule”) lists, as of the date hereof, all licenses and authorizations issued by the Federal Communications Commission (the “FCC”) or by the Office of Communications (“Ofcom”) or any other
regulatory authority of the United Kingdom (the “UK Authorities”) to the Company or any of the Company Subsidiaries (the “Company Licenses”), together with the name of the licensee or authorization holder and the
expiration date of the Company Licenses. The Company Licenses set forth on the Company License Schedule constitute all authorizations from the FCC and the UK Authorities necessary pursuant to applicable Law on the date hereof for the business
operations of the Company and its Subsidiaries as they are currently being conducted and are presently planned by the Company to be conducted. No challenges to any of the Company Licenses are pending or threatened. 

(b) Each Company License is valid and in full force and effect and has not been suspended, revoked, cancelled or adversely modified. No
Company License is subject to any pending regulatory proceeding (other than the transfer application proceeding initiated in FCC File Nos. SES-T/C-20091211-01575, SES-T/C-20091211-01576, SAT-T/C-20091211-00144 by the Company prior to the date hereof
to which certain Company Licenses are subject and other than those affecting the telecommunications industry generally or holders of similar licenses generally) before a Governmental Entity or judicial review, unless such pending regulatory
proceedings or judicial review would not, individually or in the aggregate, reasonably be likely to have a Company Material Adverse Effect or have a material adverse effect on the ability of the Company to perform its obligations under this
Agreement or to consummate the Transaction prior to the End Date. To the knowledge of the Company, no event, condition or circumstance would preclude any Company License from being renewed in the ordinary course

  
 11 

 
(to the extent that such Company License is renewable by its terms), except where the failure to be renewed has not had or would not reasonably be likely to have, individually or in the
aggregate, a Company Material Adverse Effect or have a material adverse effect on the ability of the Company to perform its obligations under this Agreement or to consummate the Transaction prior to the End Date. 

(c) The licensee of each Company License is in compliance with the terms of, and the FCC Rules that apply to, each Company License and
has fulfilled and performed all of its obligations with respect thereto, including all reports, notifications and applications required by the rules, regulations and orders of the FCC (collectively, the “FCC Rules”), the payment of
all regulatory fees and all funds to which contributions are required by the FCC Rules, the rules applicable to each Company License under the laws of the United Kingdom, including without limitation the rules and policies of the UK Authorities
(“UK Rules”), and the international Radio Regulations and rules, decisions and policies of the International Telecommunication Union (“ITU”) (the “ITU Rules” and together with the UK Rules, the
“International Rules”). No claims of violation of the FCC Rules or the International Rules have been filed or threatened to be filed before the FCC, any UK Authority, the ITU or any court. Without limitation, Satellite Services is
in compliance with the gating requirements to which its Ancillary Terrestrial Component (“ATC”) authorization is subject and that have not been waived; the satellite facilities listed on Section 2.12(c) of the Company
Disclosure Letter are adequate to satisfy, and capable of satisfying, the coverage and commercial availability requirements (as the latter has been waived in part);; and the satellite facilities listed in Section 2.12(c) of the Company
Disclosure Letter are duly registered in the ITU’s Master Register, and there are no challenges pending or threatened against such registration. 
 SECTION 2.13 Insurance. The Company and the Company Subsidiaries maintain policies of fire and casualty, general liability, workers’ compensation and other forms of insurance in such amounts,
with such deductibles and against such risks and losses as are, in the Company’s judgment, reasonable for the business and assets of the Company and the Company Subsidiaries. Other than with respect to any insurance policies which have been
rejected or otherwise terminated by the Company and/or any Company Subsidiary pursuant to the Chapter 11 Cases prior to the date hereof or otherwise with respect to any breaches of or non-payment of premiums with respect to any insurance policies
which breaches and/or non-payments preceded the filing of the Chapter 11 Cases with the Bankruptcy Court, (i) all of the insurance policies of the Company and/or any Company Subsidiary are in full force and effect, all premiums due and payable
thereon have been paid (other than retroactive or retrospective premium adjustments that are not yet, but may be, required to be paid with respect to any period ending prior to the Closing Date), and no written notice of cancellation or termination
has been received with respect to any such policy which has not been replaced on substantially similar terms prior to the date of such cancellation, and (ii) the activities and operations of the Company and the Company Subsidiaries have been
conducted in a manner so as to conform in all material respects to all applicable provisions of such insurance policies. Except for claims arising in the ordinary course of business, there are no pending or, to the knowledge of the Company,
threatened material claims under any such insurance policy. 

  
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 SECTION 2.14 Taxes. 

(a) As used in this Agreement: 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Taxes” (and, with correlative meaning, “Taxes”, “Taxable” and “Taxing”) means all
(i) Federal, state, local and foreign taxes, assessments, duties or similar charges of any kind whatsoever, including all corporate franchise, income, sales, use, ad valorem, receipts, value added, profits, license, withholding, employment,
excise, property, net worth, capital gains, transfer, stamp, documentary, social security, payroll, environmental, alternative minimum, occupation, recapture and other taxes, and including any interest, penalties and additions imposed with respect
to such amounts; (ii) liability for the payment of any amounts of the type described in clause (i) as a result of being a member of an affiliated, consolidated, combined, unitary or aggregate group or a transferee or successor; and
(iii) liability for the payment of any amounts as a result of an express or implied obligation to indemnify any other person with respect to the payment of any amounts of the type described in clause (i) or (ii). 

“Taxing Authority” means any Federal, state, local or foreign governmental body (including any subdivision, agency or
commission thereof), or any quasi-governmental body, in each case, exercising regulatory authority in respect of Taxes. 

“Tax Return” means all returns, declarations of estimated tax payments, reports, estimates, information returns and
statements, including any related or supporting information with respect to any of the foregoing, filed or to be filed with any Taxing Authority in connection with the determination, assessment, collection or administration of any Taxes. 

(b) Except as would not give rise to material liability to the Company and the Company Subsidiaries, all Taxes that the Company or any
Company Subsidiary is required by Law to withhold and collect have been duly withheld, collected and paid over to the appropriate Taxing Authority to the extent due and payable. 

(c) The Company and each Company Subsidiary has timely filed, or has caused to be timely filed on its behalf, all material Tax Returns
required to be filed by or on behalf of the Company and each Company Subsidiary in the manner prescribed by applicable Law, and all such Tax Returns are complete and correct. The Company and each Company Subsidiary has timely paid (or the Company
has paid on each such Company Subsidiary’s behalf) all material Taxes due and payable (other than Taxes being contested in good faith by appropriate proceedings for which adequate reserves, in accordance with GAAP, have been established), and,
in accordance with GAAP, the Financial Statements reflect an adequate 

  
 13 

 
reserve (excluding any reserve for deferred Taxes) for all material accrued Taxes that are not yet due and payable by the Company and each Company Subsidiary for all taxable periods and portions
thereof through the date of such financial statements. 
 (d) No Tax Return of the Company or any Company Subsidiary is under
audit or examination by any Taxing Authority, and no written or unwritten notice of such an audit or examination has been received by the Company or any Company Subsidiary. Each assessed deficiency resulting from any audit or examination relating to
Taxes by any Taxing Authority has been timely paid and there is no assessed deficiency, refund litigation, proposed adjustment or matter in controversy with respect to any material Taxes due and owing by the Company or any Company Subsidiary.

 (e) Other than agreements and documents filed in connection with the Chapter 11 Cases, there is no agreement or other
document currently in force extending, or having the effect of extending, the period of assessment or collection of any material Taxes of the Company or any Company Subsidiary, and no power of attorney with respect to any such Taxes has been
executed or filed with any Taxing Authority by or on behalf of the Company or any Company Subsidiary, other than powers of attorney that are not currently in force. 
 (f) No material Liens for Taxes exist with respect to any assets or properties of the Company or any Company Subsidiary, except for statutory liens for Taxes not yet due and payable or for Taxes that are
being contested in good faith by appropriate proceedings and for which adequate reserves, in accordance with GAAP, have been established. 
 (g) Neither the Company nor any Company Subsidiary is a party to or bound by any Tax sharing agreement, Tax indemnity obligation or similar agreement, arrangement or practice with respect to Taxes
(including any advance pricing agreement, closing agreement or other agreement relating to Taxes with any Taxing Authority), other than any such agreements among the Company and the Company Subsidiaries. 

(h) Except as would not give rise to material liability to the Company and the Company Subsidiaries, neither the Company nor any Company
Subsidiary has received any written notice of any claim by a Taxing Authority in a jurisdiction where the Company or any Company Subsidiary does not file Tax Returns to the effect that the Company or any Company Subsidiary is, or may be, subject to
Tax by that jurisdiction. 
 (i) Neither the Company nor any Company Subsidiary (i) is or has ever been a member of an
affiliated (within the meaning of Section 1504 of the Code), combined or unitary group of corporations filing a consolidated, combined or unitary Tax Return other than an affiliated, combined or unitary group of which ICO Global Communications
(Holdings) Limited is the common parent or (ii) is a successor to any other entity for Tax purposes by way of merger, liquidation or other transactions. 

  
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 (j) Within the two-year period ending on the Closing Date, neither the Company nor any
Company Subsidiary has constituted either a “distributing corporation” or a “controlled corporation” as such terms are defined in Section 355 of the Code in a distribution of stock qualifying or intended to qualify for
tax-free treatment (in whole or in part) under Section 355(a) or 361 of the Code. 
 (k) Neither the Company nor any
Company Subsidiary will be required to include an item of income in, or exclude an item of deduction from, Taxable income for any Taxable period ending after the Closing as a result of any election pursuant to Section 108(i) of the Code (or any
comparable provision of state, local or foreign Tax Law) made effective on or prior to the Closing. 
 (l) Neither the Company
nor any Company Subsidiary has participated in any “listed transaction” as defined in Treasury Regulation Section 1.6011-4(b)(2). 
 SECTION 2.15 ERISA Compliance; Excess Parachute Payments. 
 (a)
Section 2.15(a) of the Company Disclosure Letter contains a complete and correct list of each material Company Benefit Plan and material Company Benefit Agreement. Each material Company Benefit Plan and material Company Benefit Agreement has
been administered in compliance with its terms and applicable Law and the terms of any applicable collective bargaining agreements. 
 (b) The Company has received determination letters from the Internal Revenue Service for all Company Pension Plans intended to be tax qualified to the effect that such Company Pension Plans are qualified
and exempt from Federal income taxes under Sections 401(a) and 501(a), respectively, of the Code, or are in the form of a prototype plan that is the subject of a favorable opinion letter from the Internal Revenue Service, and no such determination
or opinion letter has been revoked nor, to the knowledge of the Company, has revocation been threatened, nor has any such Company Pension Plan been amended or failed to be amended since the date of its most recent determination or opinion letter or
application therefore in any respect that would materially adversely affect its qualification or materially increase its costs. 

(c) Neither the Company nor any other trade or business that, together with the Company or any Company Subsidiary, is treated as a single
employer under Section 414(b) or (c) of the Code (a “Commonly Controlled Entity”) has any liability under, any Company Pension Plan that is subject to Title IV of ERISA or Section 412 of the Code or is
otherwise a defined benefit pension plan. 
 (d) With respect to any material Company Benefit Plan that is an employee welfare
benefit plan, whether or not subject to ERISA, (i) each such material Company Benefit 

  
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Plan is either funded through an insurance company contract and is not a “welfare benefits fund” (as defined in Section 419(e) of the Code) or is unfunded and (ii) no such
material Company Benefit Plan provides benefits after termination of employment, except where the cost thereof is borne entirely by the former employee (or his eligible dependents or beneficiaries) or as required by Section 4980B(f) of the
Code. 
 (e) Neither the execution nor delivery of this Agreement, nor the consummation of the Transaction, the Restructuring or
the other transactions contemplated hereby will (i) entitle any Employees to any severance pay or increase in severance pay, (ii) accelerate the time of payment or vesting of, increase the amount payable of, or result in the payment,
funding or other material obligation to provide, compensation or benefits under any Company Benefit Plan or Company Benefit Agreement, nor (iii) result in any payment (whether in cash or property or the vesting of property) to any person who is
a “disqualified individual” (as defined in Treasury Regulation Section 1.280G-1) (each, a “Disqualified Individual”) with respect to the Company which would be deemed to be an “excess parachute
payment” (as defined in Section 280G(b)(1) of the Code) and no such Disqualified Individual is entitled to receive any additional payment (e.g., any tax gross-up or any other payment) from the Company, the Reorganized Company, any Company
Subsidiary in the event that the excise tax required by Section 4999(a) of the Code is imposed on such Disqualified Individual. No person is entitled to receive any additional payment (e.g., any tax gross-up or any other payment) from the
Company, the Reorganized Company, any Company Subsidiary or any other person in the event that the additional tax required by Section 409A of the Code is imposed on a person. 

(f) No Company Benefit Plan, Company Benefit Agreement nor any other agreement limits or restricts the right of the Company to merge,
amend or terminate any of the Company Benefit Plans or Company Benefit Agreements. 
 (g) As used in this Agreement: 

“Company Benefit Plans” means all bonus, pension, profit sharing, deferred compensation, incentive
compensation, stock ownership, stock purchase, stock appreciation, restricted stock, stock repurchase rights, stock option, “phantom” stock, “phantom” stock rights, performance, retirement, thrift, savings, stock bonus,
cafeteria, paid time off, perquisite, fringe benefit, vacation, change in control, retention, severance, disability, death benefit, hospitalization, medical and other welfare benefits and other employee benefit plans, programs, arrangements and
understandings, whether oral or written, formal or informal, funded or unfunded, maintained, contributed to or required to be maintained or contributed to by the Company or any Company Subsidiary, in each case, providing benefits to any Employee and
whether or not subject to Law. 
 “Company Benefit Agreements” means all (A) employment,
deferred compensation, severance, change in control, termination, employee 

  
 16 

 
benefit, Employee loan (other than Employee loans under any Company Pension Plan that includes a qualified cash or deferred arrangement within the meaning of Section 401(k) of the Code),
indemnification, retention, stock repurchase, stock option, consulting and similar agreements, commitments and obligations between the Company or any Company Subsidiary, on the one hand, and any Employee, on the other hand, (B) Contracts
between the Company or any Company Subsidiary, on the one hand, and any Employee, on the other hand, the benefits of which are contingent, or the terms of which are altered, upon the occurrence of transactions involving the Company or any Company
Subsidiary of the nature contemplated by this Agreement and (C) trust or insurance Contracts to fund or otherwise secure payment of any compensation or benefits to be provided to any Employee. 

“Company Pension Plan” means any Company Benefit Plan that is an “employee pension benefit plan” (as defined
in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)), whether or not subject to ERISA. 
 “Employee” means any current or former director, officer or employee of the Company or any Company Subsidiary. 
 SECTION 2.16 Litigation. Other than the pendency of the Chapter 11 Cases, there are no Proceedings pending or, to the knowledge of the Company, threatened against or affecting the Company or any
Company Subsidiary (and, to the knowledge of the Company, there is no basis for any such Proceeding) that, individually or in the aggregate, has had or would reasonably be expected to (i) have a Company Material Adverse Effect, (ii) have a
material adverse effect on the ability of the Company to perform its obligations under this Agreement or to consummate the Transaction prior to the End Date or (iii) materially impact the assets of the Company, nor are there any Judgments
outstanding against the Company or any Company Subsidiary that, individually or in the aggregate, has had or would reasonably be expected to (i) have a Company Material Adverse Effect, (ii) have a material adverse effect on the ability of
the Company to perform its obligations under this Agreement or to consummate the Transaction prior to the End Date or (iii) have a material adverse effect on the assets of the Company. 

SECTION 2.17 Compliance with Applicable Laws. The Company and the Company Subsidiaries and their operations are in compliance with
all applicable Laws, including those governing occupational health and safety, except for such failure to be in compliance as, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse
Effect. Neither the Company nor any Company Subsidiary has received any written communication during the two years prior to the date of this Agreement from a Governmental Entity that alleges that the Company or a Company Subsidiary is not in
compliance in any material respect with any applicable Law. 
 SECTION 2.18 Contracts. 

. 

  
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 (a) Section 2.18 of the Company Disclosure Letter lists all Contracts of the Company
and the Company Subsidiaries required to be filed pursuant to Rule 601(b)(10) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Other than with respect to any Contracts which have been rejected by the
Company and/or any Company Subsidiary pursuant to the Chapter 11 Cases prior to the date hereof or otherwise with respect to any of the breaches listed on Section 2.18(a) of the Company Disclosure Schedule which preceded the filing of the
Chapter 11 Cases with the Bankruptcy Court and cannot be cured by assumption pursuant to 365(b) of the Bankruptcy Code, none of the Company, any of the Company Subsidiaries or, to the knowledge of the Company, any other party thereto is in violation
of or in default under (nor, to the knowledge of the Company, does there exist any condition which upon the passage of time or the giving of notice or both would cause such a violation of or default under) any Contract, to which it is a party or by
which it or any of its properties or other assets is bound, except for violations or defaults that, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect. None of the Company or
any of the Company Subsidiaries has entered into any written or oral Contract with any Affiliate of the Company that is currently in effect other than Company Benefit Agreements and agreements between the Company and any Company Subsidiary or
between Company Subsidiaries. None of the Company or any of the Company Subsidiaries is a party to or otherwise bound by any agreement or covenant (A) restricting the Company’s or any of its Affiliates’ ability to compete or
restricting in any respect the research, development, distribution, sale, supply, license or marketing of products or services of the Company or any of its Affiliates, (B) containing a right of first refusal, right of first negotiation or right
of first offer for any material asset or business or (C) containing any indemnity obligations to third parties, in the case of clauses (A) through (C), that is material to the Company and the Company Subsidiaries, taken as a whole.

 (b) None of the Company or any Company Subsidiary is a party to any Contract requiring annual payments by the Company or any
Company Subsidiary in excess of $3 million, except for Contracts that may be terminated on less than 90 days notice without penalty (other than de minimis amounts). Since the commencement of the Chapter 11 Cases, the Company and the Company
Subsidiaries have made all payments required under their existing Contracts in the ordinary course of business. 
 SECTION 2.19
Environmental Matters. Except for such matters that, individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse Effect: 

(a) the Company and each of the Company Subsidiaries are in compliance with all Environmental Laws and neither the Company nor any of the
Company Subsidiaries has received any written (i) notice that alleges that the Company or any of the Company Subsidiaries is in violation of, or has liability under, any Environmental Law or (ii) request for information from a Governmental
Entity regarding the Company’s or any of the Company Subsidiaries’ clean up liability under or compliance with any Environmental Law; 

  
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 (b) there has been no Release (other than any Release to the extent the Company or any of
the Company Subsidiaries has received regulatory closure or certification of completion, or the Governmental Entity with jurisdiction over the Release has informed the Company or any of the Company Subsidiaries that no further investigation or
cleanup by the Company or any of the Company Subsidiaries is required, pursuant to Environmental Law) of or exposure to any Hazardous Material that would reasonably be expected to form the basis of any Environmental Claim against the Company or any
of the Company Subsidiaries; and 
 (c) Definitions. As used in this Agreement: 

(1) “Environmental Claim” means administrative, regulatory or judicial actions, suits, demands, directives, claims,
liens, Judgments, investigations, proceedings or written notices of noncompliance or violation by or from any person alleging liability (including liability or responsibility for the costs of enforcement proceedings, investigations, cleanup,
governmental response, removal or remediation, natural resources damages, property damages, personal injuries, medical monitoring, penalties, contribution, indemnification and injunctive relief) arising out of, based on or resulting from
(x) the presence or Release of, or exposure any Hazardous Materials; or (y) the failure to comply with any Environmental Law; 
 (2) “Environmental Laws” means all applicable Federal, state, local and foreign Laws, and Judgments issued, promulgated or entered into by any Governmental Entity governing or regulating
pollution or protection of natural resources, endangered or threatened species, human health (from exposure to Hazardous Materials), the climate or the environment (including ambient air, surface water, groundwater, land surface or subsurface
strata); 
 (3) “Hazardous Materials” means (x) any petroleum or petroleum products, radioactive materials
or wastes, asbestos, urea, formaldehyde, foam insulation and polychlorinated biphenyls; and (y) any other chemical, material, substance or waste that is prohibited, limited or regulated as hazardous, toxic, infectious or words of similar
import, or which can reasonably be expected to give rise to liability, under any Environmental Law; and 
 (4)
“Release” means any actual or threatened release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or active migration into or through the environment (including ambient air,
surface water, groundwater, land surface or subsurface strata) or within any building, structure, facility or fixture. 
 (d)
This Section 2.19 shall represent the sole and exclusive representations and warranties of the Company and any of the Companies Subsidiaries with respect to 

  
 19 

 
environmental, health and safety matters, including with respect to any matters arising under Environmental Laws or relating to Hazardous Materials. 

SECTION 2.20 Brokers; Schedule of Fees and Expenses. No broker, investment banker, financial advisor or other person, other than
Jeffries & Company, Inc., the fees and expenses of which will be paid by the Company or the Reorganized Company, is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with
the Transaction and the Restructuring based upon arrangements made by or on behalf of the Company. The Company has furnished to Investor a true and complete copy of all agreements between the Company and Jeffries & Company, Inc., relating
to the Transaction and the Restructuring. 
 SECTION 2.21 Claims of the Debtors. 

(a) The general claims bar date for the Chapter 11 Cases was June 30, 2009 at 5:00 p.m. and the governmental unit claims bar date for
the Chapter 11 Cases was November 11, 2009 at 5:00 p.m. 
 (b) Section 2.21(b) of the Company Disclosure Letter lists,
as of the date hereof, a true, correct and complete categorized list of all (i) general unsecured claims against Satellite Services, (ii) allowed general unsecured claims against the Debtors other than Satellite Services,
(iii) disallowed general unsecured claims against the Debtors, (iv) claims that have been paid, amended, superseded, and claims for which the Debtors show no liability or will otherwise seek to disallow, (v) pending general unsecured
claims against the Debtors, (vi) non-ordinary course administrative expense claims against the Debtors related to cure amounts for contracts assumed by an order of the Bankruptcy Court, (vii) other secured claims against the Debtors and
(viii) any other secured (other than those pursuant to the Prepetition Credit Agreement, the Existing DIP Facility and the Notes) and unsecured claims against the Debtors not included in (i) through (vii). 

ARTICLE III 

Representations and Warranties of Investor 
 Investor hereby represents and warrants to the Company that: 
 SECTION 3.01
Organization, Standing and Power. Investor is duly organized, validly existing and in good standing under the laws of the State of Nevada and has full corporate power and authority and possesses all Permits necessary to enable it to own,
lease or otherwise hold its properties and assets and to conduct its business as presently conducted, other than such Permits the lack of which, individually or in the aggregate, have not had and would not reasonably be expected to have an Investor
Material Adverse Effect. 

  
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 SECTION 3.02 Authority; Execution and Delivery; Enforceability. Investor has all
requisite corporate power and authority to execute and deliver this Agreement and the other agreements executed and delivered pursuant to the Transaction to which it is, or is specified to be, a party and to consummate the Transaction and the other
transactions contemplated hereby and thereby. The execution and delivery by Investor of this Agreement and the consummation by Investor of the Transaction and the other transactions contemplated hereby and thereby have been duly authorized by all
necessary corporate action on the part of Investor. Investor has duly executed and delivered this Agreement, assuming the due authorization, execution and delivery by each of the other parties hereto and thereto, this Agreement constitutes its
legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the rights of creditors generally and the availability of equitable
remedies. 
 SECTION 3.03 No Conflicts; Consents. 

(a) The execution and delivery by Investor of this Agreement does not, and the consummation of the Transaction and the other transactions
contemplated hereby and thereby and compliance by Investor with the terms hereof and thereof will not, violate any provision of Law or any order to which Investor or its assets are subject, nor conflict with, or result in any violation of or default
(with or without the lapse of time or the giving of notice, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to loss of a material benefit under, or increase, add to, accelerate or guarantee
rights or entitlements of any person under, or result in the creation of any Lien upon any of the properties or assets of Investor under, any provision of (i) the certificate of incorporation or organizational documents of Investor,
(ii) any Contract to which Investor is a party or by which any of its properties or assets is bound or (iii) subject to the filings and other matters referred to in Section 3.03(b), any Judgment or Law applicable to Investor or its
properties or assets other than, in the case of clauses (ii) and (iii) above, any such item that, individually or in the aggregate, has not had and would not reasonably be expected to have an Investor Material Adverse Effect. 

(b) No Consent of, permit from, or registration, declaration or filing with, any Governmental Entity or any other person is required to
be obtained or made by or with respect to Investor in connection with the execution, delivery and performance of this Agreement or the consummation of the Transaction or the other transactions contemplated hereby and thereby, other than
(i) compliance with and filings under the HSR Act, (ii) the entry by the Bankruptcy Court of the Approval Orders, the Confirmation Order and any other order by the Bankruptcy Court that may be required in connection with the Plan and the
Restructuring, (iii) any required consents and approvals of the FCC to the Transaction and (iv) such other item or items that, individually or in the aggregate, has not had and would not reasonably be expected to have an Investor Material
Adverse Effect. 
 SECTION 3.04 Litigation. As of the date of this Agreement, there are no Proceedings pending or, to the
knowledge of Investor, threatened against or adversely affecting Investor relating to the Transaction, the Restructuring or any of the transactions contemplated hereby and thereby. 

  
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 SECTION 3.05 Securities Act. The Shares purchased by Investor pursuant to this
Agreement are being acquired for investment only and not with a view to any public distribution thereof. Investor acknowledges that the sale of the Shares to Investor is not registered under the Securities Act of 1933, as amended (the
“Securities Act”) and, as a result, Investor may not offer to sell or sell the Shares so acquired by it without complying with the registration requirements of the Securities Act or an exception therefrom. 

SECTION 3.06 Brokers; Schedule of Fees and Expenses. No broker, investment banker, financial advisor or other person, other than
persons the fees and expenses of which will be paid by Investor, is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the Transaction and the Restructuring based upon
arrangements made by or on behalf of Investor. 
 SECTION 3.07 Sufficient Funds. Investor has of the date of this
Agreement and will have at the Closing sufficient immediately available funds necessary to consummate the transactions contemplated by this Agreement (including purchasing claims tendered to it pursuant to the Tender Offer (as defined below) and to
pay the Purchase Price). 
 ARTICLE IV 
 Covenants 
 SECTION 4.01 Conduct of Business. 

(a) Except for matters set forth in Section 4.01(a) of the Company Disclosure Letter or otherwise expressly permitted by this
Agreement or the Plan and subject to the effect of the Chapter 11 Cases on the Debtors (other than those matters which have been proposed, initiated or supported in any manner by the Company after the date hereof), from the date hereof to the
Closing Date (or such earlier date in the event this Agreement is terminated in accordance with its terms), the Company will, and will cause each Company Subsidiary to, conduct its business in the usual, regular and ordinary course in substantially
the same manner as previously conducted, and use commercially reasonable efforts to preserve intact its current business organization, keep available the services of its current officers and employees and keep its relationships with customers,
suppliers, licensors, licensees, distributors and others having business dealings with the Company or any Company Subsidiary to the end that its goodwill and ongoing business will be unimpaired at the Closing. In addition, and without limiting the
generality of the foregoing, except for matters set forth in Section 4.01(a) of the Company Disclosure Letter or otherwise expressly permitted or required by this Agreement or the Plan, from the date of this Agreement to the Closing Date
(unless this Agreement is earlier terminated or in accordance with the provisions hereof), the Company will not, and will not permit any Company Subsidiary to, do any of the following without the prior written consent of Investor (which consent
shall not be unreasonably withheld, delayed or conditioned): 

  
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 (i) amend its certificate of incorporation, by-laws or other comparable
charter or organizational documents, other than in accordance with this Agreement; 
 (ii) declare, set aside or
pay any dividend or make any other distribution to its equity holders, whether or not upon or in respect of any shares of its capital stock or other equity interest; 

(iii) redeem or otherwise acquire any shares of its capital stock or other equity interest or issue, deliver, sell or
grant any capital stock or other equity interest; 
 (iv) acquire or agree to acquire (A) by merging or
consolidating with, or by purchasing an equity interest in or portion of the assets of, or by any other manner, any business or any corporation, partnership, joint venture, association or other business organization or division thereof or
(B) any other assets except, with respect to this clause (B), purchases in the ordinary course of business consistent with past practice; 
 (v) except as required under applicable Law or the terms of any Company Benefit Plan or Company Benefit Agreement in effect on the date of this Agreement, (A) grant to any Employee any loan or
increase in any kind of compensation, benefits, perquisites, fringe benefits or any bonus or award, except for grants or increases in any of the foregoing that are made in the ordinary course of business consistent with past practice, (B) grant
to any Employee any severance, retention, change in control or termination pay or benefits, or pay any bonus to any Employee, (C) enter into any employment, change in control, loan, retention, consulting, indemnification, severance, termination
or similar agreement with any Employee, (D) take any action to secure the payment of compensation or benefits under any Company Benefit Plan or Company Benefit Agreement except in the ordinary course of business consistent with past practice,
(E) establish, adopt, enter into, terminate or amend any collective bargaining agreement or other labor union Contract, Company Benefit Plan or Company Benefit Agreement, (F) pay or provide to any Employee any benefit not provided for
under a Company Benefit Plan or Company Benefit Agreement as in effect on the date of this Agreement, other than the payment of base compensation in the ordinary course of business consistent with past practice, (G) grant any incentive awards
under any Company Benefit Agreement or Company Benefit Plan (including in respect of “phantom” stock, “phantom” stock options, stock appreciation rights, “phantom” stock rights, deferred stock units, performance stock
units or other stock based or stock related awards or the removal or modification of any restrictions in any Company Benefit Agreement or Company Benefit Plan or awards made thereunder) or (H) take any action to accelerate any rights or
benefits, including vesting and payment, or make any material determinations, under any Company Benefit Plan or Company Benefit Agreement or awards made thereunder; 

(vi) make any change in financial accounting methods, principles or practices materially affecting the reported
consolidated assets, liabilities or results of operations of 

  
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the Company, except insofar as may have been required by a change in GAAP or applicable Law; 
 (vii) sell (or agree to sell), lease (as lessor), license, abandon, cancel or otherwise dispose of or subject to any Lien any portion of its properties or assets; 

(viii) (A) incur any additional indebtedness for borrowed money or guarantee any such indebtedness of another person
(other than any such indebtedness or guarantees among the Company and the direct or indirect wholly owned Company Subsidiaries or among the direct or indirect wholly owned Company Subsidiaries), issue or sell any debt securities or warrants or other
rights to acquire any debt securities of the Company or any Company Subsidiary, guarantee any debt securities of another person, enter into any “keep well” or other agreement to maintain any financial statement condition of another person
or enter into any arrangement having the economic effect of any of the foregoing, except for borrowings under the Replacement DIP Facility consistent with the terms of the documentation thereto, or (B) make any loans, advances or capital
contributions to, or investments in, any other person, other than to or in the Company or any direct or indirect wholly owned Company Subsidiary; 
 (ix) make or agree to make any capital expenditure or expenditures, other than in the ordinary course, consistent with past practice, or in accordance with the budget set forth on Section 4.01(a) of
the Company Disclosure Letter; 
 (x) make or change any material Tax election or method of accounting for Tax
purposes, except insofar as may have been required by a change in GAAP or applicable Law, or settle or compromise any material Tax liability or refund; 
 (xi) (A) pay, discharge or satisfy any claims, liabilities or obligations (absolute, accrued, asserted or unasserted, contingent or otherwise), other than the repayment of the Existing DIP Facility
consistent with the terms of the Replacement DIP Facility and payment, discharge or satisfaction of liabilities (to the extent reflected or reserved against in, or contemplated by, the most recent consolidated financial statements of the Company
included in the Financial Statements or incurred since the date of the Financial Statements) in the ordinary course of business consistent with past practice, (B) cancel any material indebtedness (individually or in the aggregate) or waive any
claims or rights of substantial value or (C) waive the benefits of, or agree to modify in any manner, any confidentiality or similar agreement to which the Company or any Company Subsidiary is a party; 

(xii) other than those Contracts that have been listed on any supplement to the Prior Plan to be assumed or rejected,
assume or reject any Contract; 

  
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 (xiii) other than in the ordinary course of business consistent with past
practice, and consistent with FCC policies and rules, enter into, amend or terminate any Contract that provides for payments that exceed $100,000 in the aggregate; 

(xiv) adopt or authorize a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring,
recapitalization or other reorganization of the Company or any Company Subsidiary; 
 (xv) settle, compromise,
discharge or otherwise allow a claim as defined under Section 101(5) under the Bankruptcy Code in an amount that exceeds $50,000 as to any individual claim; 

(xvi) fail to maintain in full force and effect insurance policies covering the Company and the Company Subsidiaries and
their respective properties, assets and businesses in a form and amount consistent with the current insurance program applicable to the Company and any Company Subsidiary; or 

(xvii) authorize any of, or commit or agree to take any of, the foregoing actions. 

(b) Advice of Changes. The Company will promptly advise Investor in writing of any event, development, condition or circumstance
that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect. 

(c) Consultation. Subject to applicable Law, in connection with the continuing operation of the business of the Company and the
Company Subsidiaries between the date of this Agreement and the Closing, the Company will use commercially reasonable efforts to consult in good faith on a regular basis with the Representatives of Investor and report all material operational
developments and the status of ongoing operations pursuant to procedures reasonably requested by Investor or its Representatives. 
 SECTION 4.02 Alternative Proposals. 
 (a) The Company may, and may authorize
or permit any Company Subsidiary to, authorize or permit any officer, director or employee of, or authorize any investment banker, attorney or other advisor, agent or representative (collectively, “Representatives”) of, the Company
or any Company Subsidiary to, (i) directly or indirectly solicit or initiate any Alternative Proposal or (ii) directly or indirectly participate in any discussions or negotiations regarding, or furnish to any person any non-public
information with respect to, or take any other action to knowingly facilitate any inquiries or the making of any proposal that constitutes, or may reasonably be expected to lead to, any Alternative Proposal. The Company must reasonably promptly
provide to Investor any material non-public 

  
 25 

 
information concerning the Company or any Company Subsidiary that is provided to such person or its Representatives which was not previously provided to Investor. In no event shall any
refinancing or repayment of, or attempt to refinance or repay, the Replacement DIP Facility in cash and in full or the Prepetition Credit Agreement be deemed a breach of this Section 4.02 or other provision of this Agreement or the Replacement
DIP Facility. 
 (b) Prior to the termination of this Agreement in accordance with the terms hereof, none of the Company, any
Company Subsidiary, the Company Board nor any committee thereof may (i) approve or enter into any letter of intent, agreement in principle, acquisition agreement or similar agreement relating to any Alternative Proposal or (ii) approve,
file or support any plan of reorganization or liquidation, other than the Plan, provided, however, that if the Company, any Company Subsidiary, the Company Board or any committee thereof have validly and concurrently terminated this
Agreement pursuant to Section 6.01(a)(iv) having complied in full with the procedural requirements thereof, the Company may approve and enter into an agreement relating to a Superior Proposal. 

(c) The Company promptly after becoming aware of the receipt or delivery thereof, and in any case within 24 hours thereafter, will advise
Investor in writing of any Alternative Proposal or any inquiry with respect to, or that could reasonably be expected to lead to, any Alternative Proposal, the identity of the person making such Alternative Proposal or inquiry and a description in
reasonable detail of the material terms of any such Alternative Proposal. The Company will (i) keep Investor reasonably informed of the status (including any change to the terms thereof) of any such Alternative Proposal or inquiry and
(ii) provide to Investor, as soon as practicable, and in any case within 48 hours, after receipt or delivery thereof copies of all correspondence and other written material sent or provided to the Company from any third party in connection with
any Alternative Proposal or sent or provided by the Company to any third party in connection with any Alternative Proposal (unless such correspondence or written material has previously been provided to Investor). 

(d) The Company promptly, and in any case within 24 hours after a determination by the Company Board that any Alternative Proposal is a
Superior Proposal and its intention to approve such Superior Proposal, shall (i) notify Investor in writing of such determination, (ii) during the five (5) business day period following such notification described in clause (i),
provide Investor a reasonable opportunity to make such adjustments in the terms and conditions of this Agreement as would permit the Company to accept Investor’s proposal notwithstanding such Alternative Proposal and (iii) during the five
(5) business day period following such notification described in clause (i), consider in good faith any changes to this Agreement proposed by Investor with respect to the Transaction. 

(e) For purposes of this Agreement: 
 “Alternative Proposal” means any proposal by a third party to enter into and consummate any agreement for a Chapter 11 plan for any of the

  
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Debtors (other than the Plan) or any other transaction or series of transactions (including one or more sales under Section 363 of the Bankruptcy Code) relating to a purchase of 20% or more
of the equity securities or assets of the Company and the Company Subsidiaries, taken as a whole. 
 “Superior
Proposal” means any Alternative Proposal with terms that the Company Board determines in good faith, after consultation with the Company’s outside legal counsel and independent financial advisors, (i) to be more favorable from
a financial point of view to the Debtors’ constituents than would be obtained through the consummation of the Transaction and the Restructuring, taking into account all the terms and conditions of such Alternative Proposal (including all of the
terms, conditions, impact and all legal, financial, regulatory, fiduciary, timing and other aspects of such Acquisition Proposal), as well as all the terms and conditions of the Transaction and the Restructuring (including any proposal by Investor
to amend the terms and conditions of the Transaction or the Restructuring in effect as of the date of such determination), and (ii) is reasonably capable of being completed, taking into account all financial, regulatory, legal and other aspects
of such Alternative Proposal. To be considered a Superior Proposal, any Alternative Proposal (x) must provide for repayment in cash in full of (1) the Replacement DIP Facility upon its maturity and (2) any Subject Claims acquired by
Investor in the tender offer described in Section 4.13 below, in each case for the amount (including principal and interest) paid (plus any applicable accrued and unpaid interest in accordance with the terms of such Subject Claim through such
repayment date) for such Subject Claims by Investor in such tender offer, within five (5) business days after termination of this Agreement pursuant to Section 6.01(a)(iv) below and (y) that includes a “credit bid” by the
holders of the Notes as contemplated pursuant to section 363(k) of the Bankruptcy Code or otherwise pursuant to a plan of reorganization must provide that all obligations owed to Investor and any of its Affiliates pursuant to the Notes and the Note
Indenture shall be paid off in full in cash at closing of the transaction contemplated by such Alternative Proposal. 
 SECTION
4.03 Access to Information. Subject to applicable Law, the Company will, and will cause each of the Company Subsidiaries to, provide Investor and its Representatives reasonable access during the period following the entry of the Investment
Agreement Approval Order by the Bankruptcy Court through the Closing (or such earlier date in the event this Agreement is terminated in accordance with its terms) to the Company, the Company Subsidiaries and all the personnel, properties, books,
contracts, commitments, Tax Returns and records of the Company and the Company Subsidiaries, and, during such period the Company will, and will cause each of the Company Subsidiaries to, furnish promptly to Investor (a) a copy of each report,
schedule, statement and other document filed by it during such period pursuant to the requirements of Federal or state securities Laws or in the Chapter 11 Cases and (b) all other information concerning the Company, any Company Subsidiary, the
Transaction, the Restructuring or any other transaction contemplated hereby or thereby as Investor may reasonably request. 

SECTION 4.04 Antitrust Clearance and FCC Approval. Each of Investor and the Company will use reasonable best efforts to obtain
antitrust clearance and FCC approval. For purposes of this provision, this requirement shall include the following obligations. Each of Investor and the Company will, (a) within 15 days following the entry by the Bankruptcy Court 

  
 27 

 
of the Investment Agreement Approval Order, file with the United States Federal Trade Commission and the United States Department of Justice (together, the “Antitrust Agencies”)
the notification and report form, if any, required to be filed by them for the Transaction and the other transactions contemplated hereby pursuant to the HSR Act and (b) as soon as reasonably practicable following the entry of the Investment
Agreement Approval Order file all notices, applications and requests for FCC Approval required to be filed with the FCC. Any such notification, report, request or application will be in substantial compliance with the requirements of the HSR Act or
the FCC Rules, as applicable. Each of Investor and the Company will furnish to the other such necessary information and reasonable assistance as the other may request in connection with its preparation of any filing or submission that is necessary
under the HSR Act or by the FCC Rules. The Parties shall collaborate in the prompt retention of reputable economic experts and in the preparation of economic testimony to accompany the FCC application and support the Parties’ position before
the Antitrust Agencies; each Party shall make its officers, employees and counsel reasonably available for all meetings with FCC commissioners and FCC staff as well as the officials and staff of the Antitrust Agencies, including, to the extent
agreed to by the FCC and/or the Antitrust Agencies, meetings to be held within a week of the date of this Agreement, considered necessary or appropriate by the other Party. Each Party shall make its officers and employees available to submit written
testimony. At Investor’s request, and in the Investor’s sole and absolute discretion, Company shall join Investor in requesting that the FCC applications be acted on by the full Commission in the first instance (instead of a bureau or
bureaus, division or subdivision thereof). Each Party hereto shall promptly inform the other party of any material communication received by such party from any Governmental Entity regarding the transactions contemplated by this Agreement. Each
Party shall review and discuss in advance, and consider in good faith the view of the other in connection with any proposed written or oral communication with any Governmental Entity in connection with the transactions contemplated by this Agreement
(which, at the reasonable request of the other Party, shall be limited to such Party’s outside counsel). No Party shall, and each Party shall cause its Related Persons not to, participate in any meeting or other substantive communication with
any Governmental Entity regarding the transactions contemplated hereby unless such party first consults with the other in advance and, to the extent permitted by the Governmental Entity, affords the other a reasonable opportunity to participate in
or be present at such meeting or other communication. No Party shall agree to any voluntary extension of any statutory deadline or waiting period or to any voluntary delay of the consummation of the transactions contemplated by this Agreement by any
Governmental Entity without the prior written consent of the other party. 
 SECTION 4.05 Reasonable Best Efforts. Upon
the terms and subject to the conditions set forth in this Agreement, each of the parties hereto will use its reasonable best efforts to (i) obtain all necessary actions or nonactions, waivers and Consents from Governmental Entities and the
making of all necessary registrations and filings (including filings with Governmental Entities, if any) and the taking of all reasonable steps as may be necessary to obtain an approval or waiver from, or to avoid an action or proceeding by, any
Governmental Entity, (ii) obtain all necessary material Consents or waivers from third parties, and (iii) otherwise take such actions as are necessary to consummate the transactions contemplated hereby. Notwithstanding anything to the
contrary in this Agreement, Investor shall have sole and absolute discretion to reject conditions that materially impair Investor’s or the Company’s businesses, including, without limitation conditions that: (a) require the
disposition of any of 

  
 28 

 
Investor’s or the Company’s assets or the divestiture or set-aside of any kind of spectrum, bandwidth capacity or terrestrial network or satellite capacity (together,
“Spectrum”); (b) place restrictions of any kind on Investor’s or the Company’s pricing, decisions regarding investments or capital expenditures and timing of the same, marketing or technical characteristics of any
service or facilities, disposition or lease of any assets or Spectrum, or acquisition of any Spectrum; (c) impose prerequisites to, or restrictions upon, the Company’s or Investor’s provision of ATC service or Investor’s or the
Company’s use of any Spectrum; or (d) limit Investor’s or the Company’s freedom of action with respect to any of their respective businesses (collectively, “Unacceptable Conditions”). For purposes of the
foregoing sentence, references to (i) Investor shall mean either (A) Investor and its Subsidiaries (excluding the Company and its Subsidiaries), taken as a whole or (B) any Affiliate of Investor and such Affiliate’s Subsidiaries
(excluding Investor and its Subsidiaries and the Company and its Subsidiaries), taken as a whole, and (ii) the Company shall mean the Company and its Subsidiaries, taken as a whole. In connection with and without limiting the foregoing, the
Company will use its commercially reasonable efforts to defend any Proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the Transaction, the Restructuring and the other transactions contemplated hereby
and thereby, including seeking to have vacated or reversed any Judgment entered by any court or other Governmental Entity that would restrain, prevent or delay the Closing; provided, however, (x) at the Company’s request,
Investor will use reasonable best efforts to assist the Company in connection with any such Proceedings, (y) Investor will have the right to participate in any such Proceedings and (z) the Company will not settle any such Proceedings
without the prior written consent of Investor (such consent not to be unreasonably withheld, conditioned or delayed); provided further, that, notwithstanding the foregoing or anything contained in this Agreement to the contrary, the
Company shall not be required to appeal or otherwise challenge or seek reconsideration for any Judgment or other decision of the Bankruptcy Court, which decision to so appeal or challenge shall be in the sole discretion of the Company. 

SECTION 4.06 Supplemental Disclosure. 
 (a) The Company will have the continuing obligation (on a periodic basis) until the Closing to supplement or amend the Company Disclosure Letter with respect to any matter hereafter arising or discovered
that, if existing or known at the date of this Agreement, would have been required to be set forth or described in the Company Disclosure Letter; provided, however, that no supplement or amendment to such Company Disclosure Letter will
have any effect for the purpose of determining the satisfaction of the conditions set forth in Section 5.02(a). 
 (b) The
Company shall give notice to Investor, and Investor shall give notice to the Company, of (i) any representation or warranty made by it contained in this Agreement that is qualified as to materiality becoming untrue or inaccurate in any respect
or any such representation or warranty that is not so qualified becoming untrue or inaccurate in any material respect or (ii) the failure by it to comply with or satisfy in any material respect any covenant, condition or agreement to be
complied with or satisfied by it under this Agreement; provided, 

  
 29 

 
however, that no such notification will affect the representations, warranties, covenants or agreements of the parties or the conditions to the obligations of the parties under this
Agreement. 
 SECTION 4.07 Fees and Expenses. 
 (a) Except as otherwise provided in this Section 4.07 and Section 6.02 of this Agreement, all fees and expenses incurred in connection with the Transaction, the Restructuring and the other
transactions contemplated hereby, other than the fees and expenses associated with the Replacement DIP Facility, will be paid by the party incurring such fees or expenses, whether or not the Transaction or the Restructuring is consummated.

 (b) The Company agrees to reimburse Investor and its Affiliates for all reasonable out-of-pocket documented fees and expenses
(including all fees and expenses of counsel, accountants, consultants, financial advisors and investment bankers of Investor and its Affiliates) incurred by Investor and its Affiliates or on their behalf in connection with or related to the
authorization, preparation, negotiation, execution and performance of this Agreement and all other matters related to the Transaction, irrespective of whether such costs and expenses are incurred prior to, on or after the date hereof (collectively,
“Investor Transaction Expenses”). Upon entry of the Investment Agreement Approval Order by the Bankruptcy Court, all Investor Transaction Expenses incurred prior thereto shall become due and payable by the Company. From the date of
this Agreement to the Closing Date, any newly incurred Investor Transaction Expenses shall become due and payable on the first day of each month. 
 SECTION 4.08 Public Announcements. No Party shall make any press release or public announcement concerning the transactions contemplated by this Agreement without the prior written approval of the
other Party, unless a press release or public announcement is required by Law or order of the Bankruptcy Court. If any such announcement or other disclosure is required by Law or order of the Bankruptcy Court, the disclosing Party shall give the
non-disclosing Party prior notice of, and an opportunity to comment on, the proposed disclosure. The Parties acknowledge that the Debtors will file this Agreement with the Bankruptcy Court in connection with obtaining entry of the Investment
Agreement Approval Order. 
 SECTION 4.09 Resignation of Directors of the Company. As to each person serving as a member
of the Company Board or on the board of directors (or equivalent) of a Company Subsidiary immediately prior to the Closing, either (a) the Company will cause each such member to execute and deliver a letter prior to the Closing, which will not
be revoked or amended prior to the Closing, effectuating his or her resignation as a member of the Company Board or of the board of directors (or equivalent) of a Company Subsidiary effective immediately prior to the Closing or (b) the Plan
will effectuate the removal or replacement of such person as a member of the Company Board or of the board of directors (or equivalent) of a Company Subsidiary effective immediately prior to the Closing. 

  
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 SECTION 4.10 Further Assurances. From time to time, as and when requested by any
party, each party will execute and deliver, or cause to be executed and delivered, all such documents and instruments and will take, or cause to be taken, all such further or other actions, as such other party may reasonably deem necessary or
desirable to consummate the Transaction, the Restructuring and the other transactions contemplated hereby. 
 SECTION 4.11
Restrictive Covenants; Employee Matters. 
 (a) All information disclosed, whether before or after the date hereof,
pursuant to this Agreement or in connection with the Transaction and the other transactions contemplated by, or the discussions and negotiations preceding, this Agreement, to Investor or any of its Related Persons shall be kept confidential by such
receiving party and shall not be used by any such person for any other purpose except as reasonably necessary to consummate the Transaction and the other transactions contemplated hereby and as otherwise specifically contemplated by this Agreement,
except to the extent that (i) such information is known by the recipient when received, (ii) such information is or hereafter becomes publicly available other than through a violation of this Section 4.11(a), (iii) it is
necessary to disclose such information to a Governmental Entity having jurisdiction over the party from whom disclosure is sought; provided that the Party being asked to disclose such information shall, to the extent possible, notify the
other Party in advance of such disclosure and cooperate with such other Party in its efforts to seek a protective order of such information or otherwise limit disclosure, (iv) any requirement of Law requires otherwise, or (v) such duty as
to confidentiality is waived in writing in advance by the other party. For the avoidance of doubt, the parties hereby acknowledge and agree that neither party shall be required to disclose any information which such party reasonably believes the
disclosure of which would violate any applicable Law and that nothing in the foregoing provision shall limit the ability of Investor to share information or hold discussions regarding the Transaction and the other transactions contemplated hereby
with Sprint Nextel Corporation or any of its Affiliates and the Official Committee of Unsecured Creditors and any of its Representatives, members or constituents. 
 (b) Each party hereto agrees that from and after the date hereof and continuing through the Closing, the Parties shall not (and shall cause their Affiliates not to), directly or indirectly, as employee,
agent, consultant, director, equityholder, manager, co-partner or in any other capacity without the prior written consent of the other Party, recruit or solicit for employment or engagement (other than by a general solicitation advertisement,
posting or similar job solicitation process not targeting the employees of the other party), any person listed on Section 4.11(b) of the Company Disclosure Letter who is (or was during the one (1) year period preceding the date of hire or
other engagement with the new Party) employed by the other Party, provided, however, either Party (or its Affiliates) will not be precluded from hiring any person who: (i) was not employed by the other Party or its Affiliates
prior to commencement of employment discussions between such employee and the Party (or its Affiliates) or (ii) was known by the Party (or its Affiliates) prior to May 15, 2009. However, if, at the time of enforcement of this
Section 4.11(b), a court holds that the restrictions stated herein are unreasonable under the circumstances then existing, the Parties agree that the maximum period 

  
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or scope legally permissible under such circumstances will be substituted for the period or scope stated herein. 
 (c) At the request of Investor, the Company shall terminate all cash or deferred arrangements within the meaning of section 401(k) of the Code (the “401(k) Plans”) sponsored, maintained
or contributed to by the Company, effective not later than the day immediately preceding the Closing Date. Upon such request, the Company shall provide Investor with evidence that such 401(k) Plan(s) have been terminated pursuant to a resolution of
the Company’s Board of Directors (the form and substance of which shall be subject to review and reasonable approval by Investor) not later than the day immediately preceding the Closing Date. 

SECTION 4.12 Bankruptcy Matters. 
 (a) Promptly following execution of this Agreement (but in no event later than 48 hours thereafter), the Company will file with the Bankruptcy Court motions in form and substance reasonably satisfactory
to Investor (collectively, the “Approval Motions”), seeking entry of orders by the Bankruptcy Court, respectively, approving this Agreement and the Replacement DIP Facility pursuant to terms contemplated by the DIP Commitment
Letter. Among other things, the Approval Motions will seek approval of the execution by the Debtors of this Agreement and of the DIP Commitment Letter and the “DIP Loan Documents” referred to therein and authorization for the Debtors to
incur and perform their obligations thereunder and hereunder and to execute such other documentation as may be required with respect to the transactions contemplated by such agreements. 

(b) For purposes of this Agreement: 
 (i) “Investment Agreement Approval Order” means an order entered by the Bankruptcy Court approving this Agreement and authorizing the Company to enter into this Agreement, in the form
attached hereto as Exhibit B (together with such changes thereto as shall be reasonably acceptable to Investor). 
 (ii)
“DIP Financing Approval Order” means an order entered by the Bankruptcy Court approving the Replacement DIP Facility and authorizing the Debtors to execute, deliver and perform their obligations under the “DIP Loan
Documents” referred to in the DIP Commitment Letter, in the form attached hereto as Exhibit C (together with such changes thereto as shall be reasonably acceptable to Investor). 

(c) Prior to March 28, 2011, the Debtors will file in the Chapter 11 Cases (i) the Plan, which Plan will contain the terms
contained in the Plan Term Sheet, will not contain 

  
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terms that are inconsistent with those set forth in the Plan Term Sheet and will otherwise be in form and substance satisfactory to Investor and (ii) the Disclosure Statement. The Debtors
will not amend, supplement or otherwise modify any provision of the Plan or the Disclosure Statement (each as filed with the Bankruptcy Court) without the prior consent of Investor which will not be unreasonably withheld. 

(d) Each of the Debtors will not seek or consent to the dismissal of any Chapter 11 Case, will not seek to convert any Chapter 11 Case to
a case under Chapter 7 of the Bankruptcy Code and will not seek or consent to the appointment of a Chapter 11 trustee or an examiner with expanded powers to operate the businesses of the Debtors in any Chapter 11 Case. 

(e) The Debtors will file all pleadings with the Bankruptcy Court as are reasonably necessary or appropriate to attempt to secure entry
of the Approval Orders, the Disclosure Statement Approval Order and the Confirmation Order, will serve all parties entitled to notice of such pleadings under applicable provisions of the Bankruptcy Code and all related rules, and will diligently
pursue the issuance of such orders (including by presenting all evidence necessary to support the Approval Motions, the Disclosure Statement and the confirmation of the Plan, responding to objections and discovery requests made by any party in
interest and taking all such other actions as may be necessary to obtain the issuance of the Approval Orders, the Disclosure Statement Approval Order and the Confirmation Order). The Debtors will oppose and seek the dismissal of any appeal
(including a petition for certiorari, motion for rehearing, re-argument, reconsideration or revocation) of the Approval Orders, the Disclosure Statement Approval Order or the Confirmation Order. The Debtors will use their commercially reasonable
efforts to provide Investor at least three days in advance of filing (i) a draft of any motion, order, amendment, supplement or other pleading that the Debtors propose to file with the Bankruptcy Court seeking entry of the Approval Orders, the
Disclosure Statement Approval Order and the Confirmation Order and (ii) any other motion, order, amendment, supplement or other pleading that the Debtors propose to file with any other court in connection with an appeal (including a petition
for certiorari, motion for rehearing, reargument, reconsideration or revocation) of the Approval Orders, the Disclosure Statement Approval Order (unless not required by order of the Bankruptcy Court) or the Confirmation Order. The Debtors will use
their commercially reasonable efforts to cooperate with Investor with respect to all such motions, orders, amendments, supplements or other pleadings and shall, to the extent possible, incorporate the comments of Investor or its counsel into such
motion, order, amendment, supplement, motion or other pleading. Nothing herein will impair, limit or otherwise affect the right of Investor to file any motion, order, amendment, supplement or other pleading in connection with the Debtors’
efforts to seek entry of the Approval Orders, the Disclosure Statement Approval Order or the Confirmation Order, or any appeal (including a petition for certiorari, motion for rehearing, reargument, reconsideration or revocation) thereof.

 (f) Investor shall promptly take all actions as are reasonably requested by the Company to assist in obtaining the Bankruptcy
Court’s entry of the Investment Agreement Approval Order and, as applicable, the Confirmation Order and any other order reasonably necessary in connection with the transactions contemplated by this Agreement, including

  
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furnishing affidavits, financial information or other documents or information for filing with the Bankruptcy Court and making Investor’s employees and representatives available to testify
before the Bankruptcy Court. Furthermore, Investor covenants and agrees that it shall cooperate with the Company in connection with furnishing information or documents to satisfy any applicable requirements of adequate assurance of future
performance and adequate information under the Bankruptcy Code. 
 (g) The Debtors will keep Investor informed of any material
developments with respect to proceedings in the Bankruptcy Court relating to the Chapter 11 Cases. 
 SECTION 4.13 Tender
Offer. 
 (a) Investor shall commence, no later that five (5) business days after the entry by the Bankruptcy Court of
the Investment Agreement Approval Order, a tender offer (the “Tender Offer”) for any and all of (i) the outstanding Notes, (ii) allowed general unsecured claims of the Debtors (other than Satellite Services) as set forth
in Sections 2.21(b)(ii) of the Company Disclosure Letter, but only to the extent of the “Total Amount to Be Tendered” (as such amount is reflected in such Section of the Company Disclosure Letter), (iii) allowed general unsecured
claims of Satellite Services as set forth in Section 2.21(b)(i) of the Company Disclosure Letter, (iv) Convenience Class Claims and (v) allowed non-ordinary course administrative claims of the Debtors relating to cure amounts for
contracts previously assumed as set forth in Section 2.21(b)(vi) of the Company Disclosure Letter (collectively, the “Subject Claims”), in each case pursuant to the terms set forth in the term sheet attached as Exhibit D
hereto (the “Tender Offer Term Sheet”) and this Section 4.13. 
 (b) The Tender Offer shall be conducted
in accordance with and by means of an Offer to Purchase and such other necessary related letters of transmittal and ancillary agreements, which in each case shall be consistent with the terms set forth in the Tender Offer Term Sheet and this
Section 4.13 (the “Tender Offer Documents”). Promptly following the date hereof, Investor shall prepare drafts of the Tender Offer Documents. Following their completion, Investor shall provide such drafts to the Company and its
counsel for review and shall accept all reasonable comments thereon by the Company or its counsel (and to the extent Investor and the Company disagree concerning any such comments, they shall work together in good faith to resolve such disagreements
as soon as reasonably practicable). Investor shall take all actions with its reasonable control to ensure that the Tender Offer Documents conform to all requirements of applicable law and that the Tender Offer is conducted in accordance with
applicable law. The Company hereby consents to the Tender Offer and to the purchase of the Subject Claims in accordance with the terms of the Tender Offer. 
 (c) In connection with the Tender Offer, the Company shall furnish or cause to be furnished to Investor mailing labels, mailing lists, securities position listings, Depository Trust Company participant
information with respect to any of the Subject Claims, records of the amounts of Subject Claims, any available listing or computes files containing the names and 

  
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addresses of all Claimholders as of a recent date, and shall furnish or cause to be furnished to Investor such additional information (including, updated lists of Claimholders, and their
addresses, mailing labels and lists of securities positions) and assistance as Investor or its agents may reasonably request in communicating the Tender Offer to Claimholders. The Company shall, as promptly as practicable, provide to Investor all
information reasonably requested by Investor and concerning the Company for inclusion in the Tender Offer Documents necessary for such Tender Offer Documents and the Tender Offer to comply with applicable Law. 

(d) The obligation of Investor to accept for payment and pay for any Subject Claims tendered pursuant to the Tender Offer shall be
subject to the satisfaction, or written waiver by Investor, of the conditions (but only such conditions) identified in the section of the Tender Offer Term Sheet entitled “Conditions to Closing of Tender Offer” (the “Tender
Conditions”). Subject to the satisfaction, or written waiver by Investor, of the Tender Conditions as of the Expiration Date (as defined below), Investor shall accept and pay for any and all Subject Claims validly tendered and not properly
withdrawn pursuant to the Tender Offer as promptly as practicable, but in any event not later than three (3) business days, following the Expiration Date. Investor shall not (i) decrease the price to be paid with respect to any of the
Subject Claims, (ii) change the form of consideration payable in the Tender Offer, (iii) reduce the number or type of Subject Claims tendered for in the Tender Offer, ( iv) extend the Expiration Date at any time when all of the Tender
Conditions have been satisfied or waived in writing by Investor, (v) make any other modification to the terms of the Tender Offer that is material and adverse to the Company or any holders of Subject Claims or (vi) without the prior
written consent of the Company, make any other modification to the terms of the Tender Offer that is not otherwise covered by clauses (i)-(v) and which is adverse to the Company or any holders of Subject Claims. 

(e) Unless extended in accordance with the provisions of this Section 4.13(e), the Tender Offer shall expire at 11:59 p.m., New York
City time, on the date that is twenty (20) business days following the date on which the Tender Offer is commenced (the “Expiration Date”). If on or prior to the Expiration Date not all of the Tender Conditions have been
satisfied or waived in writing by Investor, Investor shall extend the Expiration Date for successive periods of five (5) business days each in order to permit the satisfaction of the Tender Conditions; provided, that Investor shall not be
required to extend the Expiration Date beyond the End Date (as defined below). In the event that any Restraint prohibits the consummation of the Tender Offer, the parties shall use reasonable best efforts to get such Restraint removed as promptly as
practicable. In addition, Investor shall extend the Tender Offer for any period or periods required by applicable law or order. In no event shall Investor terminate the Tender Offer prior to the Expiration Date without the prior written consent of
the Company. Notwithstanding the generality of the foregoing, Investor may refuse to extend the Expiration Date and/or terminate the Tender Offer prior to the Expiration Date if at any time any of the Tender Conditions has become incapable of being
satisfied. 

  
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 ARTICLE V 
 Conditions Precedent 
 SECTION 5.01 Conditions to Each Party’s
Obligation. The obligations of Investor and the Company to effect the Transaction are subject to the satisfaction (or waiver by Investor and the Company) on or prior to the Closing of the following conditions: 

(a) Confirmation Order. The Bankruptcy Court shall have entered an order in the Chapter 11 Cases confirming the Plan in form and
substance not inconsistent with the provisions of the Plan Term Sheet or this Agreement and which order shall be otherwise in form and substance reasonably satisfactory to Investor (the “Confirmation Order”). 

(b) No Injunctions or Restraints. No restraining order, preliminary or permanent injunction or other judgment, decree, ruling or
order issued by any court of competent jurisdiction or Law, other legal restraint or prohibition (collectively, “Restraints”) shall be in effect preventing the consummation of the Transaction, the Restructuring or the other
transactions contemplated hereby. 
 (c) HSR Waiting Period. Any waiting period under the HSR Act applicable to the
Transaction shall have expired or been terminated. 
 (d) FCC Consents. (1) The FCC Consents shall have been
obtained and shall be final and in full force and effect without any Unacceptable Condition; (2) the FCC shall not have reconsidered the decision or order approving the transfer of control to Investor over the FCC authorizations held by the
Company or by the licensee of each Company License (the “FCC Order”) on its own motion within thirty (30) days of release of the FCC Order or if the FCC Order has been released by a bureau or bureaus, or division or subdivision
thereof, forty (40) days from its release; and (3) the FCC and the applicable courts having jurisdiction over the matter shall have denied all petitions for reconsideration and applications for review and appeals (collectively,
“Appeals”) of the FCC Order (or of an FCC or court order affirming the FCC Order), or the periods for filing such Appeals shall have passed and no Appeal shall have been filed; provided that, Investor shall have the right, in its
sole and absolute discretion, to waive this condition if the FCC Consents shall have been obtained, despite the pendency of one or more Appeals. 
 SECTION 5.02 Conditions to Obligation of Investor. The obligation of Investor to effect the Transaction is subject to the satisfaction (or waiver by Investor) on or prior to the Closing of the
following conditions: 
 (a) Representations and Warranties. The representations and warranties of the Company in this
Agreement shall be true and correct (without giving effect to any qualifications 

  
 36 

 
or limitations as to materiality or Company Material Adverse Effect set forth therein) as of the date hereof and as of the Closing Date as though made on the Closing Date, except to the extent
such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct on and as of such earlier date (without giving effect to any qualifications or limitations as to
materiality or Company Material Adverse Effect set forth therein), except, in each case, where the failure of such representations and warranties to be so true and correct, individually or in the aggregate, has not had and would not reasonably be
expected to have a Company Material Adverse Effect. Investor shall have received a certificate signed on behalf of the Company by a director of the Company duly authorized to provide such certificate (the “Responsible
Officer”). 
 (b) Performance of Obligations of the Company. The Company shall have performed or complied in all
material respects with all obligations and covenants required by this Agreement to be performed or complied with by the Company prior to or on the day of the Closing, and Investor shall have received a certificate signed on behalf of the Company by
each of the Responsible Officer and the principal financial officer of the Company to such effect (such certificate, together with the certificate to be delivered in accordance with Section 5.02(a), the “Reorganized Company’s
Closing Certificate”). 
 (c) Absence of Proceedings. Except for Proceedings with respect to the Confirmation
Order, there shall not be pending any Proceeding before any Governmental Entity, (i) challenging or seeking to restrain or prohibit the Transaction, the Reorganization or any other transaction contemplated hereby, (ii) seeking to obtain
from Investor in connection with the Transaction, the Reorganization or any other transaction contemplated hereby any damages that would reasonably be expected to have a material adverse effect on the reasonably expected value of the Company and its
Subsidiaries to Investor, (iii) seeking to prohibit or limit the ownership or operation by Investor of any portion of the business or assets of the Company and the Company Subsidiaries, taken as a whole, in such a manner that would reasonably
be expected to have a material adverse effect on the reasonably expected value of the Company and its Subsidiaries to Investor or to compel Investor, Investor Related Persons, the Company or any Company Subsidiary to dispose of or hold separate any
portion of the business or assets of the Company and the Company Subsidiaries, taken as a whole, in each case as a result of the Transaction, the Reorganization or any of the other transactions contemplated hereby, (iv) seeking to impose
limitations on ability of Investor to acquire or hold, or exercise full rights of ownership of the Shares, including the right to vote the Shares on all matters properly presented to the stockholders of the Company, in each case in such a manner as
would reasonably be expected to have a material adverse effect on the reasonably expected value of the Company and its Subsidiaries to Investor, or (v) seeking to prohibit Investor from effectively controlling in any respect the business or
operations of the Company and the Company Subsidiaries, taken as a whole, in such a manner as would reasonably be expected to have a material adverse effect on the reasonably expected value of the Company and its Subsidiaries to Investor.

  
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 (d) Absence of Company Material Adverse Effect. From and after the date hereof, there
shall not have occurred any events, developments, conditions or circumstances that, individually or in the aggregate, have had or could reasonably be expected to have a Company Material Adverse Effect and no Company Licenses shall have been revoked
and there shall be no Proceeding instituted by a Governmental Entity pending or threatened in writing with respect to the revocation of any Company License. 
 (e) Approval Order. The DIP Financing Approval Order and the Investment Agreement Approval Order shall have been entered by the Bankruptcy Court not later than March 3, 2011 and become final
orders within thirty (30) days after such entry. 
 (f) Filing of the Plan and the Disclosure Statement. Not later
than March 28, 2011, the Company shall have filed in the Chapter 11 Cases, the Plan and the Disclosure Statement. 
 (g)
No Conversion of Cases. There shall not have occurred a dismissal or conversion of any Chapter 11 Case to a case under Chapter 7 of the Bankruptcy Code or the appointment of a Chapter 11 trustee or an examiner with expanded powers to operate
the businesses of the Debtors in any Chapter 11 Cases. 
 (h) Disclosure Statement Approval Order. Not later than
May 15, 2011, the Bankruptcy Court shall have entered an order in the Chapter 11 Cases approving the Disclosure Statement, in form and substance not inconsistent with the provisions of this Agreement and which otherwise shall be in form and
substance reasonably satisfactory to Investor (the “Disclosure Statement Approval Order”), and the Company shall have complied with the Disclosure Statement Approval Order in all respects. 

(i) No Modification of the Plan or Disclosure Statement. No provision of the Plan nor the Disclosure Statement (as filed with the
Bankruptcy Court) shall have been amended, supplemented or otherwise modified in a manner that is not in form and substance reasonably satisfactory to Investor and neither the Plan nor the Disclosure Statement shall have been withdrawn from the
Bankruptcy Court docket. 
 (j) Confirmation Order. The Bankruptcy Court shall have entered the Confirmation Order in the
Chapter 11 Cases not later than June 30, 2011. 
 (k) Final Order. The Confirmation Order shall have become a final
order, in full force and effect without reversal, modification or stay, not subject to a pending motion for reconsideration, revocation, reversal, modification, stay or appeal and the period for an appeal shall have expired; provided,
however, that if the Confirmation Order has not become a final order because a notice of appeal has been timely filed and the Parties are not stayed or enjoined 

  
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from consummating the Transaction or the Restructuring, the condition set forth in this Section 5.02(k) shall be deemed satisfied unless the effect of the appeal would reasonably be expected
to have a Company Material Adverse Effect (applied mutatis mutandis to the Reorganized Company and its direct and indirect subsidiaries, taken as a whole) or an Investor Material Adverse Effect, as determined by Investor. 

(l) The Replacement DIP Facility. There shall not have been any event of default under the Replacement DIP Facility that has not
been waived in accordance with the terms of the Replacement DIP Facility. 
 (m) Plan Claims Cap. Excluding allowed
claims (x) owed to the Debtors’ and the Creditors Committees’ retained professionals, (y) owed in respect of fees of other professionals to the extent authorized to be paid on a current basis subsequent to the commencement of the
Chapter 11 Cases and (z) relating to amounts owed under the Replacement DIP Facility, the total amount of (i) any allowed administrative claims owed pursuant to sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code;
(ii) any allowed priority tax claims owed pursuant to section 507(a)(8) of the Bankruptcy Code; (iii) any cure claims pursuant to section 365(b) of the Bankruptcy Code and (iv) any other allowed claims accorded priority in right of
payment under section 507(a) of the Bankruptcy Code, shall not exceed $10 million. 
 (n) No Other Transactions. The
Debtors shall not have filed or supported any plan of reorganization or liquidation with respect to the Debtors, other than the Plan, or any motion or motions to sell, or agree to sell, any material assets of the Debtors. 

Notwithstanding the foregoing, (x) in the event (1) a condition set forth in Section 5.02(e), 5.02(f), 5.02(h) or 5.02(j) is not satisfied
by the deadline applicable thereto (a “Deadline”) and (2) the Company has used reasonable, good faith efforts to satisfy such condition by the applicable Deadline, such applicable Deadline shall automatically be extended to the
date that is ten (10) business days after the date of such applicable Deadline as set forth in the relevant subsection of this Section 5.02 and (y) with respect to any of the conditions specified in Section 5.01(a) or clauses
(e), (f), (h) and (j) of this Section 5.02, such condition shall be deemed waived unless Investor gives written notice to the Company of the failure of such condition (a “Condition Failure Notice”) within five
(5) business days of becoming aware of facts to determine the failure of such condition (and the entry of an order, and the failure to enter an order meeting the requirements of this Agreement by any applicable date specified in this Article V,
shall each be deemed conclusive evidence of Investor being aware of facts to determine the failure of such condition). 

SECTION 5.03 Conditions to Obligation of the Company. The obligation of the Company to effect the Transaction is subject to the
satisfaction (or waiver by the Company) on or prior to the Closing of the following conditions: 

  
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 (a) Representations and Warranties. The representations and warranties of Investor in
this Agreement shall be true and correct (without giving effect to any qualifications or limitations as to materiality or Investor Material Adverse Effect set forth therein) as of the date hereof and as of the Closing Date as though made on the
Closing Date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct on and as of such earlier date (without giving effect to any
qualifications or limitations as to materiality or Investor Material Adverse Effect set forth therein), except, to the extent that the failure of such representations and warranties to be so true and correct has not had and would not reasonably be
expected to have, individually or in the aggregate, an Investor Material Adverse Effect. The Company shall have received a certificate signed on behalf of Investor by each of the chief executive officer and the chief financial officer of Investor to
such effect. 
 (b) Performance of Obligations of Investor. Investor shall have performed or complied in all material
respects with all obligations and covenants required by this Agreement to be performed or complied with by Investor prior to or on the day of the Closing, and the Company shall have received a certificate signed on behalf of Investor by each of the
chief executive officer and the principal financial officer of Investor to such effect (such certificate, together with the certificate to be delivered in accordance with Section 5.02(a), the “Investor’s Closing
Certificate”). 
 SECTION 5.04 Waiver of Condition. All conditions to the Closing shall be deemed to have been
satisfied or waived from and after the Closing. 
 ARTICLE VI 

Termination, Amendment and Waiver 
 SECTION 6.01 Termination. 
 (a) Notwithstanding anything to the contrary in
this Agreement, this Agreement may be terminated at any time prior to the Closing: 
 (i) by mutual written
Consent of the Company and Investor; 
 (ii) by the Company or Investor after delivery of, but not later than the
10th business day after delivery of, a Condition Failure Notice by Investor; 
 (iii) by either Party upon
material breach by the other Party of any of their respective representations, warranties, covenants or agreements made herein which (x) (A) would give rise to a failure of a condition to the terminating Party’s obligation hereunder,
and (B) cannot be cured by the breaching Party prior to the date of termination or (y) if capable of being cured, shall not have been cured (1) within 15 calendar days following

  
 40 

 
receipt of written notice from the terminating Party of such breach or (2) any shorter period of time that remains between the date the terminating Party provides written notice of such
breach and the End Date; provided that the terminating Party shall not have the right to terminate this Agreement pursuant to this Section 6.01(a)(iii) if it is then in material breach of any of its representations, warranties, covenants
or other agreements hereunder and such breach would give rise to the failure of a condition to the obligation of the other Party. 
 (iv) by the Company in connection with a bona fide written Alternative Proposal with terms that the Company Board determines in good faith, after having consulted with its outside legal counsel and its
independent financial advisors, to be a Superior Proposal; provided, however, that prior to notifying Investor of the termination of this Agreement pursuant to this Section 6.01(a)(iv), (x) the Company shall have given
Investor written notice of the terms of such Alternative Proposal (including the identity of the person making such Alternative Proposal) and of the good faith determination by the Company Board, after consultation with its outside legal counsel and
its financial advisors that the failure to take such action would be inconsistent with its fiduciary duties under applicable law, that such Alternative Proposal constitutes a Superior Proposal and (y) at least five business days after Investor
has received the notice referred to in clause (x) above, and taking into account any revised proposal made by Investor since receipt of the notice referred to in clause (x) above, the Company Board again has determined in good faith, after
consultation with its outside legal counsel and its independent financial advisors, that such Alternative Proposal remains a Superior Proposal; or 
 (v) by either Party, if the Closing does not occur on or prior to December 31, 2011 (the “End Date”); provided that the “End Date” shall instead be March 31, 2012 if
all of the conditions set forth in Sections 5.01 and 5.02 have been satisfied or waived in writing as of December 31, 2011 (or, if the Closing were to have taken place on such date, such conditions would have been satisfied, other than
conditions by their nature or their terms to be satisfied at the Closing) other than any of the conditions set forth in Section 5.01(c), Section 5.01(d) or Section 5.02(c); provided that a Party shall not have a right to terminate
this Agreement pursuant to this Section 6.01(a)(v) if such Party has breached in any material respect any of its obligations under this Agreement in any manner that has been a principal cause of or resulted in the failure to consummate the
transactions contemplated hereby. 
 (b) Any termination of this Agreement pursuant to any of Sections 6.01(a)(ii), (iii),
(iv) or (v) shall be by written notice thereof given to the other Party and, upon delivery of such notice or, in the case of a termination pursuant to Section 6.01(a)(i), upon such mutual written consent, this Agreement will be
terminated without further action by any Party. 

  
 41 

 SECTION 6.02 Effect of Termination. 

(b) If this Agreement is terminated in accordance with Section 6.01, this Agreement will become null and void and of no further force
and effect, without any liability or obligation on the part of Investor, the Company or any Company Subsidiary (or any of their respective directors, officers, employees, Affiliates or Representatives) under this Agreement, except for the provisions
of Sections 4.07, 4.08, 4.11(a), 6.01, 6.02, 7.03, 7.07, 7.09 (but only insofar as it relates to a surviving provision of this Agreement), 7.10, 7.11 and 7.12, which provisions will survive such termination; provided that, except as otherwise
set forth in this Section 6.02, no such termination of this Agreement shall relieve either Party of any liability of such Party with respect to a willful and material breach of any representation, warranty or covenant set forth in this
Agreement by such Party prior to such termination. For purposes of this Agreement, “willful and material breach” shall mean a material breach that is a consequence of an act or omission knowingly undertaken by the breaching party with the
primary purpose and intent of causing a breach of this Agreement, provided that neither any exercise by Investor of its rights and remedies as lender under the Replacement DIP Facility nor any failure or refusal of Investor as lender to grant any
consent or waiver under the Replacement DIP Facility shall be considered a willful and material breach under this Agreement. 

(c) If this Agreement is terminated by the Company pursuant to Section 6.01(a)(iv) after the entry of the Investment Agreement
Approval Order, the Company shall pay Investor a fee of $25 million (the “Break-Up Fee”) in cash by wire transfer (to an account designated in writing by Investor) either (i) two (2) business days following the
consummation of the Superior Proposal pursuant to which this Agreement was terminated or (ii) if such Superior Proposal is terminated or abandoned, thirty (30) days following the termination of the Superior Proposal pursuant to which this
Agreement was terminated (the “Break-Up Fee Payment Date”), provided that, Investor’s claim for the Break-Up Fee shall be deemed to have been incurred and shall accrue upon the date of termination of this Agreement pursuant to
a Superior Proposal by the Company. The Break-Up Fee, payable under the circumstances provided in the preceding sentence, and the Investor Transaction Expenses, payable under Section 6.02(c), constitute liquidated damages and not a penalty and
are, notwithstanding anything herein to the contrary, the exclusive remedy of Investor and its Affiliates after any termination of this Agreement pursuant to Section 6.01(a)(iv), other than any remedies available to Investor for a willful and
material breach of this Agreement by the Company. Investor shall not, and shall cause each of its Related Persons not to, bring any cause of action (other than for a willful and material breach of this Agreement by the Company) against or otherwise
seek remedies from, the Company or any Company Affiliate or any of their respective Related Persons or any counterparty to an Alternative Transaction or any of such counterparty’s Affiliates or its other their Related Persons (other than for
payment of the applicable Break-Up Fee when payable hereunder), whether at equity or in law, for breach of contract, in tort or otherwise, in the event that this Agreement is terminated for any reason in accordance with Section 6.01(a)(iv), and
any claim, right or cause of action by Investor or any other person against the Company, any Company Subsidiary, their Affiliates or its of their respective Related Persons in excess of the applicable Break-Up Fee is hereby fully waived, released
and forever discharged. 

  
 42 

 (d) In addition to any obligation of the Company and the Company Subsidiaries pursuant to
Section 4.07, if this Agreement is terminated by the Company pursuant to Section 6.01(a)(iv) after the entry of the Investment Agreement Approval Order, the Company shall reimburse Investor for any Investor Transaction Expenses not
previously paid pursuant to Section 4.07 in cash by wire transfer of immediately available funds no later than two (2) days after the date on which Investor has delivered to the Company reasonable detail and itemization with respect to
such Investor Transaction Expenses; or as to Investor Transaction Expenses incurred or invoiced after the Break-Up Fee Payment Date, within two (2) days after delivery to the company of such reasonable detail and itemization. 

(e) If there is a Reverse Break Fee Termination, Investor shall pay to the Company a fee of $25 million (the “Reverse
Break-Up Fee”). The Reverse Break-Up Fee, payable under the circumstances provided in this paragraph, constitutes liquidated damages and not a penalty and is, notwithstanding anything herein to the contrary, the exclusive remedy of
the Company, its Affiliates and its Related Persons after any Reverse Break Fee Termination, other than any monetary remedy, to the extent in excess of the Reverse Break-Up Fee, available to the Company and any Company Subsidiaries for a willful and
material breach of this Agreement by Investor as contemplated in Section 6.02(d)(ii) below. The Company shall not, and shall cause each of its Related Persons not to, bring any cause of action (other than for a willful and material breach of
this Agreement by Investor) against or otherwise seek remedies from, Investor or any Affiliate of Investor or any of their respective Related Persons, whether at equity or in law, for breach of contract, in tort or otherwise, in the event that this
Agreement is terminated for any reason in accordance with a Reverse Break Fee Termination, and any claim, right or cause of action (other than for a willful and material breach of this Agreement by Investor) by the Company or any other person
against Investor, its Affiliates or their respective Related Persons in excess of the applicable Reverse Break-Up Fee is hereby fully waived, released and forever discharged. When used herein, a “Reverse Break Fee Termination” means
a termination 
 (i) by either Party pursuant to Section 6.01(a)(v) if at the time of such termination
(1) all of the conditions set forth in Sections 5.01 and 5.02 (other than those conditions that by their nature or their terms are to be satisfied only at the Closing and the conditions set forth in Section 5.01(c), Section 5.01(d)
and Section 5.02(c)) have been satisfied or waived in writing as of such termination, (2) those conditions set forth in Sections 5.01 and 5.02 that by their nature or their terms are to be satisfied only at the Closing (not including, for
the avoidance of doubt, those set forth in Section 5.01(c), Section 5.01(d) and Section 5.02(c)) would have been satisfied had the Closing taken place on such termination date, and (3) any of the conditions set forth in
Section 5.01(c), Section 5.01(d) or Section 5.02(c) have neither been satisfied nor waived in writing; or 
 (ii) by the Company pursuant to Section 6.01(a)(iii) if at the time of such termination (1) all of the conditions set forth in Sections 5.01 and 5.02 (other than those conditions that by their
nature or their terms are to be satisfied only at 

  
 43 

 
the Closing) and (2) those conditions set forth in Sections 5.01 and 5.02 that by their nature or their terms are to be satisfied only at the Closing would have been satisfied had the
Closing taken place on such termination date, except in each case as the failure of a condition results from the material breach by Investor pursuant to which the Company is terminating this Agreement. 

For purposes of clauses (i) and (ii) immediately above, the condition set forth in Section 5.02(l) shall be deemed satisfied if there
shall not have been any unwaived event of default under the Replacement DIP Facility in accordance with the terms thereof other than the failure to repay in full all obligations under the Replacement DIP Facility on or before the Scheduled Maturity
Date (as defined in the DIP Commitment Letter). Any Reverse Break-Up Fee, may, at the sole and absolute discretion of the Company, be paid to the Company by either or a combination aggregating $25 million of the following: (x) a reduction in
principal amount of indebtedness outstanding under the Prepetition Credit Agreement (a “Prepetition Credit Agreement Credit”) and/or (y) cash by wire transfer (to an account designated in writing by the Company). In the event
the Reverse Break-Up Fee is paid to the Company by a Prepetition Credit Agreement Credit, Investor shall cause the Prepetition Credit Agreement and all documents entered into in connection therewith and all payment registers maintained in connection
with such Prepetition Credit Agreement to reflect such reduction and that reduction in principal shall be given effect for purposes of Section 2.7(a)(ii) of that certain Collateral Trust Agreement dated as of August 15, 2005, among ICO
Global Communications (Holdings) Limited, the Debtors, and The Bank of New York (f/k/a The Bank of New York Mellon), as collateral agent. 
 (f) In the event that (i) this Agreement is terminated other than (A) pursuant to Section 6.01(a)(iv) or (B) by the Company pursuant to Section 6.01(a)(iii) as a result of a
breach by Investor, and (ii) at the time of such termination Investor then holds a majority of the funded indebtedness of the Company, Investor shall have the right, in its discretion, to direct and require any Debtor to immediately develop and
implement one or more processes for the sale of any or all of its assets under Section 363 of the Bankruptcy Code (the “363 Sales Process”) and, subject to obtaining Bankruptcy Court approval and other required regulatory
consents and approval of the Investor, to execute any such sales (“363 Sales”), all with the goal of maximizing the value of and monetizing the Debtors’ assets. The development, implementation and execution of a 363 Sales
Process shall include, without limitation, creation of appropriate marketing materials, the solicitation of potentially interested parties, the establishment and provision of access to a data room, the filing and prosecution of motions or other
appropriate pleadings with the Bankruptcy Court seeking approval of the bidding procedures for any 363 Sale, and shall otherwise be reasonably satisfactory to the Investor provided, however, that such 363 Sales Process shall not preclude the Debtors
from pursuing a plan of reorganization (in addition to the 363 Sales Process) but the Debtors may not file, propose or seek to confirm any such plan unless, in an exercise of the Debtors’ fiduciary duties, it would maximize value for the
Debtors’ estates, taking into account timeframe, execution risk, total enterprise value, and other relevant factors, as compared to executing one or more 363 Sales. Any such 363 Sale shall be on terms and conditions that are reasonably
acceptable to the Investor. The Debtors agree to execute and deliver such agreements, documents and instruments as the Investor may reasonably request to effectuate the foregoing, such agreements, documents and instruments to be reasonably
acceptable to the Investor. 

  
 44 

 (g) Any amounts owing to Investor pursuant to Sections 4.07 and 6.02 of this Agreement shall
be allowed administrative expenses in the Chapter 11 Cases pursuant to sections 363(b) and 503(b) of the Bankruptcy Code. 

SECTION 6.03 Amendments and Waivers. This Agreement may not be amended except by an instrument in writing signed on behalf of each
of the Parties hereto. By an instrument in writing, Investor, on the one hand, or the Company, on the other hand, may waive any condition to such Party’s obligations under this Agreement and/or compliance by the other with any term or provision
of this Agreement that such other Party was or is obligated to comply with or perform. 
 ARTICLE VII 

General Provisions 
 SECTION 7.01 Nonsurvival of Representations and Warranties. None of the representations and warranties in this Agreement or in the Reorganized Company’s Closing Certificate shall survive the
Closing. 
 SECTION 7.02 Assignment. This Agreement and the rights and obligations hereunder will not be assignable or
transferable by any party without the prior written Consent of the other party hereto. Notwithstanding the foregoing, (a) Investor may assign any portion or all of its rights hereunder to one or more of its Affiliates without the prior written
consent of the Company and (b) Investor may assign any portion or all of its rights hereunder by way of security; provided, however, that such assignment shall not relieve Investor of any of its obligations hereunder. Any
attempted assignment in violation of this Section 7.02 will be void. Subject to the preceding sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and
assigns. 
 SECTION 7.03 No Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and
their permitted assigns and nothing herein expressed or implied shall give or be construed to give to any person, other than the parties hereto and such assigns, any legal or equitable rights hereunder. 

SECTION 7.04 Notices. All notices or other communications required or permitted to be given hereunder shall be in writing and
shall be delivered by hand or sent by facsimile or sent, postage prepaid, by registered, certified or express mail or overnight courier service and shall be deemed given when received, at the following addresses (or at such other address for a party
as shall be specified by like notice): 
  

	 	(i)	if to Investor, 

 9601 South
Meridian Boulevard 
 Englewood, Colorado 80112 
 Attention: General Counsel 
 Facsimile: (303) 723-1699 

  
 45 

 with a copy to: 
 Skadden Arps Slate Meagher & Flom LLP 
 4 Times Square 

New York, NY 10036-6522 
 Attention: Jay M. Goffman, Esq. 
 J. Eric Ivester, Esq.

 Howard L. Ellin, Esq. 

Sean C. Doyle, Esq. 
 Facsimile: (212) 735-2000 
  

	 	(ii)	if to the Company, 

 11700 Plaza
America 
 Drive Suite 1010 
 Reston, VA 20190 
 Attention: Board of Directors 

Facsimile: (703) 964-1401 
 with a copy to: 
 Kirkland & Ellis LLP 

300 North LaSalle Street 
 Chicago, IL 60654 
 Attention: Richard J. Campbell, P.C. 

Matthew J. Richards 
 Ryan B. Bennett 
 Facsimile: (312) 862-2200 

SECTION 7.05 Interpretation; Exhibits and Schedules; Certain Definitions. 

(a) When a reference is made in this Agreement to an Article, Section or Exhibit, such reference shall be to an Article of, a Section of,
or an Exhibit to, this Agreement unless otherwise indicated. The table of contents and headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the
words “include”, “includes”, “including” or “such as” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”. The word “will” shall be construed
to have the same meaning and effect as the word “shall.” The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to
any particular provision of this Agreement. The word “or” shall not be exclusive. The word “extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such phrase shall
not mean simply “if”. Whenever used in this Agreement, any noun or pronoun shall be deemed to include the plural as well as the singular and to cover all genders. This Agreement shall be construed without regard to any presumption or rule
requiring construction or interpretation against the party drafting or causing any instrument to be drafted. Unless a contrary intent is apparent, any Contract, 

  
 46 

 
instrument or Law defined or referred to herein or in any Contract or instrument that is referred to herein means such Contract, instrument or Law as from time to time amended, modified or
supplemented, including (in the case of Contracts or instruments) by waiver or Consent and (in the case of law) by succession of comparable successor law and references to all attachments thereto and instruments incorporated therein. References to a
person are also to its permitted successors and assigns. 
 (b) For all purposes of this Agreement: 

“Affiliate” of any person means another person that directly or indirectly, through one or more intermediaries, controls,
is controlled by, or is under common control with, such first person. 
 “Approval Orders” means, collectively,
the Investment Agreement Approval Order and DIP Financing Approval Order. 
 “Company Material Adverse
Effect” means a material adverse effect on the business, operations, property or condition (financial or otherwise) of the Company and the Company Subsidiaries, taken as a whole; provided that none of the following, either alone
or taken together with other changes or effects or whether arising directly or indirectly, shall be taken into account in determining whether there has been a Company Material Adverse Effect: (i) changes, or effects arising from or relating to
changes, in Laws, (ii) changes arising from or relating to, or effects of, weather or meteorological events; (iii) changes arising from or relating to, or effects of, the transactions contemplated by this Agreement or the announcement
thereof or the taking of any action in accordance with this Agreement; (iv) changes, or effects arising from or relating to changes, affecting the industries of which the business of the Company and the Company Subsidiaries is a part generally;
(v) changes arising from or relating to, or effects of, any motion, application, pleading or order filed under or in connection with, the Chapter 11 Cases or any motion, application, pleading or order filed by any Governmental Entity generally
applicable to communications satellites or rights with respect to the broadcast spectrum, (vi) changes, or effects arising from or relating to changes, in financial, banking, or securities markets (including (a) any disruption of any of
the foregoing markets, (b) any change in currency exchange rates, (c) any decline in the price of any security or any market index and (d) any increased cost of capital or pricing related to any financing), (vii) any failure, in
and of itself, to achieve any financial projections or financial forecasts which prior to the date hereof have been provided to Investor, though the parties acknowledge and agree that any of the underlying causes with respect to such failure, unless
otherwise excluded from consideration by operation of this definition, may be taken into account in determining whether there has been a Company Material Adverse Effect, or (viii) changes arising from or relating to, or effects of, any act(s)
of war or of terrorism; provided, however, that, with respect to the matters included in clauses (i), (ii) and (iv)-(viii), such matters may be taken into account in determining, there has been a Company Material Adverse Effect
only to the extent such matters affect the Company and the Company Subsidiaries in a manner that is 

  
 47 

 
adverse and disproportionate to other similarly situated companies in the communications industry. 
 “Company Subsidiary” means each subsidiary of the Company (including, on and after the Closing, each subsidiary of the Reorganized Company). 

“Contract” means any contract, lease, license, indenture, note, bond, agreement, permit, concession, franchise,
commitment or other legally binding arrangement. 
 “DIP Commitment Letter” means the commitment letter
(including the exhibits and annexes attached thereto), dated February 1, 2011, between Investor and the Company. 

“Investor Material Adverse Effect” means a material adverse effect on the ability of Investor to perform its obligations
under this Agreement to consummate the Transaction. 
 “Liens” means, collectively, all pledges, liens,
charges, mortgages, easements, leases, subleases, covenants, rights of way, options, claims, restrictions, encumbrances and security interests of any kind or nature whatsoever. 

“person” means any individual, firm, corporation, partnership, company, limited liability company, trust, joint venture,
association, Governmental Entity or other entity. 
 “Prior Plan” means Debtors’ Modified Second Amended
Joint Plan of Reorganization Pursuant to Chapter 11 of the United States Bankruptcy Code, dated January 6, 2011 or any prior version thereof filed with the Bankruptcy Court. 

“Related Person” means with respect to any person, all past, present and future directors, officers, members, managers,
stockholders, employees, controlling persons, agents, professionals, financial advisors, restructuring advisors, attorneys, accountants, investment bankers, Affiliates or representatives of (i) any such person and (ii) of any Affiliate of
such person. 
 A “Subsidiary” of any person means another person of which such first person,
(i) owns directly or indirectly an amount of the voting securities, other voting ownership or voting partnership interests sufficient to elect at least a majority of such other person’s board of directors or other governing body (or, if
there are no such voting interests, 50% 

  
 48 

 
or more of the equity interests), (ii) in the case of a partnership, serves as a general partner or (iii) in the case of a limited liability company, serves as a managing member.

 SECTION 7.06 Counterparts. This Agreement may be executed in one or more counterparts, all of which will be considered
one and the same agreement, and will become effective when one or more such counterparts have been signed by each of the parties and delivered to the other parties. Delivery of an executed counterpart of a signature page by facsimile or electronic
transmission (including by electronic transmission in portable document format (pdf)) will be effective as delivery of an original executed counterpart of this Agreement. 
 SECTION 7.07 Entire Agreement. This Agreement, taken together with the Investor Disclosure Letter and the Company Disclosure Letter (along with the Exhibits and Annexes hereto and thereto), contain
the entire agreement and understanding among the parties hereto with respect to the subject matter hereof and supersede all prior agreements and understandings relating to such subject matter (including the Original Agreement). None of the parties
shall be liable or bound to any other party in any manner by any representations, warranties or covenants relating to such subject matter except as specifically set forth herein. 

SECTION 7.08 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by
any rule or Law, or public policy, all other conditions and provisions of this Agreement will nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any
manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, said provision survives to the extent it is not so declared, and all of the other provisions of this
Agreement remain in full force and effect only if, after excluding the portion deemed to be unenforceable, the remaining terms provide for the consummation of the transactions contemplated hereby in substantially the same manner as originally set
forth at the later of the date this Agreement was executed or last amended, otherwise the parties hereto will negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable
manner to the end that the transactions contemplated hereby are fulfilled to the maximum extent possible under applicable Law. 

SECTION 7.09 Specific Performance. The Parties hereto hereby agree that irreparable damage would occur in the event that any
provision of this Agreement was not performed in accordance with its specific terms or was otherwise breached, and that money damages or other legal remedies would not be an adequate remedy for any such damages. Accordingly, the parties hereto
acknowledge and hereby agree that in the event of any breach or threatened breach by the Company, on the one hand, or Investor, on the other hand, of any of their respective covenants or obligations set forth in this Agreement, the Company, on the
one hand, and Investor, on the other hand, shall, in addition to any other remedies which may be available to them, be entitled to an injunction or injunctions to prevent or restrain breaches or threatened breaches of this Agreement by the other (as
applicable), and to specifically enforce the terms and provisions of this Agreement to prevent breaches or threatened breaches of, or to enforce compliance with, the covenants and obligations of the other under this Agreement, in all cases without
any requirement to post any bond in connection therewith. The Company, on the 

  
 49 

 
one hand, and Investor, on the other hand, hereby agree not to raise any objections to the availability of the equitable remedy of specific performance to prevent or restrain breaches or
threatened breaches of this Agreement by the Company, on the one hand, or Investor, on the other hand. 
 SECTION 7.10
Consent to Jurisdiction. Each party hereto (i) consents to submit itself to the exclusive jurisdiction and venue of the Bankruptcy Court and in the event that such court does not have or declines to exercise jurisdiction, to the
exclusive jurisdiction and venue of any state court or any Federal court located in the City of New York, Borough of Manhattan, in the event any dispute arises out of this Agreement or any transaction contemplated hereby, (ii) agrees that it
will not attempt to deny or defeat such exclusive jurisdiction by motion or other request for leave from any such court and (iii) agrees that it will not bring any action relating to this Agreement or any transaction contemplated hereby in any
court other than the Bankruptcy Court or, in the event that such court does not have or declines to exercise jurisdiction, in any state court or any Federal court sitting in the City of New York, Borough of Manhattan. Each of the parties to this
Agreement irrevocably consents to service of process in the manner provided for delivering notices in Section 7.04. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by
applicable Law. Each party further agrees that service of any process, summons, notice or document to such party’s respective address set forth above shall be effective service of process for any action, suit or proceeding in New York with
respect to any matters to which it has submitted to jurisdiction in this Section 7.10. 
 SECTION 7.11 Governing
Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York applicable to agreements made and to be performed entirely within such State, without regard to the conflicts of law principles
of such State. 
 SECTION 7.12 Waiver of Jury Trial. Each party hereby waives to the fullest extent permitted by
applicable Law, any right it may have to a trial by jury in respect to any litigation directly or indirectly arising out of, under or in connection with this Agreement or any transaction contemplated hereby. Each party (a) certifies that no
representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and (b) acknowledges that it and the other parties
hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 7.12. 
 SECTION 7.13 No Recourse. Notwithstanding anything that may be expressed or implied in this Agreement or any document or instrument in connection herewith or therewith or otherwise, the Parties
each acknowledge and agree that it has no right of recovery against, and no personal liability shall attach to, the former, current or future directors, officers, employees, agents, advisors, attorneys, representatives, Affiliates, general or
limited partners, securityholders, members, managers, trustees or controlling persons of the other Party (or any of their successors or assigns) or any Affiliate thereof or any former, current or future director, officer, employee, agent, advisor,
attorney, representative, Affiliate, general or limited partner, securityholder, member, manager, trustee or controlling person of any of the foregoing (or any of their successors or assigns) or any Affiliate thereof (collectively, the
“Releasees”), 

  
 50 

 
through the other Party or otherwise, whether by or through attempted piercing of the corporate veil, by or through a claim by or on behalf of the other Party against the Releasees, including
under the DIP Commitment Letter, by or through this Agreement, by the enforcement of any judgment or assessment or by any legal or equitable proceeding, by virtue of any statute, regulation or applicable Law, or otherwise. 

  
 51 

 IN WITNESS WHEREOF, the Company and Investor have duly executed this Agreement as of the
date first written above. 
  

			
	DISH NETWORK CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
		
		 	DBSD NORTH AMERICA, INC.
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to the
Amended & Restated Investment Agreement]Implementation Agreement

 Exhibit 10.2 
 EXECUTION COPY 
  

 
  

IMPLEMENTATION AGREEMENT 
 BETWEEN 
 ICO GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED 

AND 
 DISH
NETWORK CORPORATION 
 Dated as of March 15, 2011 

 
  

 

 Table of Contents 

ARTICLE I 

CERTAIN DEFINITIONS 
  

							
	 1.1
	  	 “Action”
	  	 	2	  
	 1.2
	  	 “Acquired Assets”
	  	 	2	  
	 1.3
	  	 “Alternative Plan”
	  	 	2	  
	 1.4
	  	 “Assets Call Closing Date”
	  	 	2	  
	 1.5
	  	 “Assets Call Notice”
	  	 	2	  
	 1.6
	  	 “Assets Call Right”
	  	 	2	  
	 1.7
	  	 “Assets Option Start Date”
	  	 	2	  
	 1.8
	  	 “Assets Put Closing Date”
	  	 	2	  
	 1.9
	  	 “Assets Put Notice”
	  	 	3	  
	 1.10
	  	 “Assets Put Right”
	  	 	3	  
	 1.11
	  	 “affiliate”
	  	 	3	  
	 1.12
	  	 “Agreement”
	  	 	3	  
	 1.13
	  	 “Bill of Sale”
	  	 	3	  
	 1.14
	  	 “business day”
	  	 	3	  
	 1.15
	  	 “Call Right”
	  	 	3	  
	 1.16
	  	 “Call Right End Date”
	  	 	3	  
	 1.17
	  	 “Capital Stock”
	  	 	3	  
	 1.18
	  	 “Claims”
	  	 	3	  
	 1.19
	  	 “Closing”
	  	 	3	  
	 1.20
	  	 “Closing Date”
	  	 	3	  
	 1.21
	  	 “Code”
	  	 	3	  
	 1.22
	  	 “Collateral Documents”
	  	 	3	  
	 1.23
	  	 “DBSD Territory”
	  	 	3	  
	 1.24
	  	 “DISH”
	  	 	4	  
	 1.25
	  	 “E.D.Va. Litigation
	  	 	4	  
	 1.26
	  	 “End Date”
	  	 	4	  
	 1.27
	  	 “Exchange Act”
	  	 	4	  
	 1.28
	  	 “FCC
	  	 	4	  
	 1.29
	  	 “FCC Approval”
	  	 	4	  
	 1.30
	  	 “Governmental Entity”
	  	 	4	  
	 1.31
	  	 “ICO Claims”
	  	 	4	  
	 1.32
	  	 “ICO Trademarks”
	  	 	4	  
	 1.33
	  	 “Implementation Date”
	  	 	4	  
	 1.34
	  	 “Indenture”
	  	 	4	  
	 1.35
	  	 “International Assets”
	  	 	4	  
	 1.36
	  	 “Investment Agreement”
	  	 	4	  
	 1.37
	  	 “Investment Agreement Approval Order”
	  	 	4	  
	 1.38
	  	 “Investment Agreement Approval Order Date”
	  	 	5	  
	 1.39
	  	 “ITU Filings”
	  	 	5	  
	 1.40
	  	 “ITU Priority Rights”
	  	 	5	  
	 1.41
	  	 “J&J Agreement”
	  	 	5	  

  
 i 

							
	 1.42
	  	 “Law”
	  	 	5	  
	 1.43
	  	 “License Agreement”
	  	 	5	  
	 1.44
	  	 “Lien”
	  	 	5	  
	 1.45
	  	 “Loss” or “Losses”
	  	 	5	  
	 1.46
	  	 “O&M Costs”
	  	 	5	  
	 1.47
	  	 “Option Term”
	  	 	5	  
	 1.48
	  	 “Party” and “Parties”
	  	 	5	  
	 1.49
	  	 “Permitted Exceptions”
	  	 	5	  
	 1.50
	  	 “person”
	  	 	5	  
	 1.51
	  	 “Plan Confirmation Date”
	  	 	6	  
	 1.52
	  	 “Plan Effective Date”
	  	 	6	  
	 1.53
	  	 “Pledge Agreement”
	  	 	6	  
	 1.54
	  	 “Post-Closing Period”
	  	 	6	  
	 1.55
	  	 “Pre-Closing Period”
	  	 	6	  
	 1.56
	  	 “Priority Rights”
	  	 	6	  
	 1.57
	  	 “Purchase Price”
	  	 	6	  
	 1.58
	  	 “Purchase Price Allocation”
	  	 	6	  
	 1.59
	  	 “Put/Call Assets”
	  	 	6	  
	 1.60
	  	 “Second Payment”
	  	 	6	  
	 1.61
	  	 “Reimbursement”
	  	 	6	  
	 1.62
	  	 “Seller”
	  	 	6	  
	 1.63
	  	 “Seller Disclosure Schedule”
	  	 	6	  
	 1.64
	  	 “Sprint”
	  	 	6	  
	 1.65
	  	 “Sprint Claims”
	  	 	6	  
	 1.66
	  	 “subsidiary”
	  	 	7	  
	 1.67
	  	 “Tax”
	  	 	7	  
	 1.68
	  	 “Tax Matters Agreement”
	  	 	7	  
	 1.69
	  	 “Tax Return”
	  	 	7	  
	 1.70
	  	 “Third Payment”
	  	 	7	  
	 1.71
	  	 “Trademarks”
	  	 	7	  
	 1.72
	  	 “Third Party Claim”
	  	 	7	  
	 1.73
	  	 “Transfer Taxes”
	  	 	7	  
	 1.74
	  	 “Transition Services Agreement”
	  	 	7	  
			
		  	ARTICLE II	  			
			
		  	ASSIGNMENT OF CERTAIN RIGHTS; PAYMENTS	  			
			
	 2.1
	  	 Assignment of Certain Claims and Rights
	  	 	8	  
	 2.2
	  	 Purchase Price
	  	 	8	  
	 2.3
	  	 Time and Place of Closing
	  	 	8	  
	 2.4
	  	 Deliveries by the Seller
	  	 	9	  
	 2.5
	  	 Delivery by DISH
	  	 	9	  

  
 ii 

							
			
		  	ARTICLE III	  			
			
		  	REPRESENTATIONS AND WARRANTIES OF THE SELLER	  			
			
	 3.1
	  	 Organization; Qualification
	  	 	9	  
	 3.2
	  	 Capital Structure
	  	 	10	  
	 3.3
	  	 Authority; Execution and Delivery; Enforceability
	  	 	10	  
	 3.4
	  	 No Violation
	  	 	10	  
	 3.5
	  	 Absence of Undisclosed Liens; Title and Related Matters
	  	 	11	  
	 3.6
	  	 Litigation
	  	 	11	  
	 3.7
	  	 J&J Agreement
	  	 	11	  
	 3.8
	  	 Priority Rights
	  	 	11	  
	 3.9
	  	 Brokers
	  	 	11	  
			
		  	ARTICLE IV	  			
			
		  	REPRESENTATIONS AND WARRANTIES OF DISH	  			
			
	 4.1
	  	 Organization; Qualification
	  	 	12	  
	 4.2
	  	 Authority; Execution and Delivery; Enforceability
	  	 	12	  
	 4.3
	  	 No Violation
	  	 	12	  
	 4.4
	  	 Financing
	  	 	12	  
	 4.5
	  	 Litigation
	  	 	13	  
	 4.6
	  	 Brokers
	  	 	13	  
			
		  	ARTICLE V	  			
			
		  	COVENANTS OF THE PARTIES	  			
			
	 5.1
	  	 Conduct of the Seller
	  	 	13	  
	 5.2
	  	 Access to Information
	  	 	14	  
	 5.3
	  	 Expenses
	  	 	15	  
	 5.4
	  	 Reasonable Best Efforts
	  	 	15	  
	 5.5
	  	 Further Assurances; Assistance by Affiliates
	  	 	16	  
	 5.6
	  	 Disclosure Supplements
	  	 	16	  
	 5.7
	  	 Public Announcements
	  	 	16	  
	 5.8
	  	 Assistance in Prosecuting ICO Claims
	  	 	16	  
	 5.9
	  	 Remittance of Certain Plan and Alternative Transaction Payments
	  	 	16	  
	 5.10
	  	 Claims against Second and Third Payments
	  	 	18	  
	 5.11
	  	 Pledge Agreement
	  	 	18	  
			
		  	ARTICLE VI	  			
			
		  	CALL RIGHT; ASSETS CALL RIGHT	  			
			
	 6.1
	  	 Call Right Defined
	  	 	18	  
	 6.2
	  	 Call Price
	  	 	18	  

  
 iii

							
	 6.3
	  	 Conditions to Closing of the Call Right
	  	 	19	  
	 6.4
	  	 Assets Call Right and Assets Put Right
	  	 	19	  
	 6.5
	  	 Assets Option Notice
	  	 	20	  
	 6.6
	  	 Deliveries by the Seller
	  	 	21	  
	 6.7
	  	 Deliveries by DISH
	  	 	21	  
	 6.8
	  	 Conditions to Closing of the Assets Call Right
	  	 	22	  
	 6.9
	  	 Certificates
	  	 	22	  
			
		  	ARTICLE VII	  			
			
		  	INDEMNIFICATION	  			
			
	 7.1
	  	 Survival of Representations, Warranties and Covenants
	  	 	23	  
	 7.2
	  	 Indemnification by the Seller
	  	 	23	  
	 7.3
	  	 Indemnification by DISH
	  	 	23	  
	 7.4
	  	 Notice of Claims
	  	 	23	  
	 7.5
	  	 Third Party Claims
	  	 	24	  
	 7.6
	  	 Mitigation of Losses
	  	 	25	  
			
		  	ARTICLE VIII	  			
			
		  	CLOSING CONDITIONS	  			
			
	 8.1
	  	 Conditions to Each Party’s Obligations to Effect the Transactions Contemplated Hereby
	  	 	25	  
	 8.2
	  	 Conditions to the Obligations of the Seller to Effect the Transactions Contemplated Hereby
	  	 	25	  
	 8.3
	  	 Conditions to the Obligations of DISH to Effect the Transactions Contemplated Hereby
	  	 	26	  
	 8.4
	  	 Certificates
	  	 	26	  
			
		  	ARTICLE IX	  			
			
		  	CERTAIN TAX MATTERS	  			
			
	 9.1
	  	 Purchase Price Allocation
	  	 	26	  
	 9.2
	  	 Transfer Taxes and Costs
	  	 	27	  
	 9.3
	  	 Pre-Closing Taxes
	  	 	27	  
	 9.4
	  	 Prorations
	  	 	27	  
	 9.5
	  	 Cooperation on Tax Matters
	  	 	28	  
			
		  	ARTICLE X	  			
			
		  	TERMINATION AND ABANDONMENT	  			
			
	 10.1
	  	 Termination
	  	 	28	  
	 10.2
	  	 Procedure and Effect of Termination
	  	 	29	  

  
 iv 

							
			
		  	ARTICLE XI	  			
			
		  	MISCELLANEOUS PROVISIONS	  			
			
	 11.1
	  	 Amendment and Modification
	  	 	29	  
	 11.2
	  	 Waiver of Compliance; Consents
	  	 	29	  
	 11.3
	  	 Notices
	  	 	30	  
	 11.4
	  	 Assignment
	  	 	30	  
	 11.5
	  	 Parent and Designated Affiliates and Subsidiaries
	  	 	31	  
	 11.6
	  	 No Third-Party Beneficiaries
	  	 	31	  
	 11.7
	  	 Consent to Jurisdiction
	  	 	31	  
	 11.8
	  	 Governing Law
	  	 	31	  
	 11.9
	  	 Counterparts
	  	 	31	  
	 11.10
	  	 Interpretation
	  	 	31	  
	 11.11
	  	 Entire Agreement
	  	 	32	  
	 11.12
	  	 Severability
	  	 	32	  
	 11.13
	  	 Specific Performance
	  	 	33	  
	 11.14
	  	 Waiver of Jury Trial
	  	 	33	  
	 11.15
	  	 No Recourse
	  	 	33	  

  

			
	Exhibit A	  	Bill of Sale
	Exhibit B	  	License Agreement
	Exhibit C	  	Tax Matters Agreement
	Exhibit D	  	Transition Services Agreement

  
 v 

 IMPLEMENTATION AGREEMENT 

IMPLEMENTATION AGREEMENT, dated as of March 15, 2011 (the “Agreement”), between ICO GLOBAL COMMUNICATIONS
(HOLDINGS) LIMITED, a Delaware corporation (the “Seller”), and DISH NETWORK CORPORATION, a Nevada corporation (“DISH”). The Seller and DISH may be referred to individually herein as a “Party”, and
together, the “Parties”. 
 RECITALS 

WHEREAS, DBSD North America Inc. (“DBSD”) and 3421554 Canada Inc., DBSD Satellite Management, LLC, DBSD Satellite North
America Limited, DBSD Satellite Services G.P., DBSD Satellite Services Limited, DBSD Services Limited, New DBSD Satellite Services G.P., and SSG UK Limited (collectively, including DBSD, the “Debtors”) have commenced voluntary cases
under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”), jointly administered under Case
No. 09-13061 (the “Chapter 11 Cases”); 
 WHEREAS, DISH and DBSD entered into an Amended and Restated
Investment Agreement, dated as of February 24, 2011, amended as of the date hereof by the First Amendment thereto (as amended from time to time, the “Investment Agreement”), between DBSD and DISH, amending and restating the
Investment Agreement, dated as of February 1, 2011, between DBSD and DISH on the terms and conditions set forth in the term sheet for a plan of reorganization for the Debtors (the “Plan Term Sheet”) attached to the Investment
Agreement as an exhibit; 
 WHEREAS, DBSD and DISH intend to consummate the restructuring on the terms and conditions set forth
in the Investment Agreement and in the Plan Term Sheet through, among other things, a chapter 11 plan of reorganization in form and substance consistent in all material respects with the Plan Term Sheet to the Investment Agreement and which
otherwise shall be in form and substance reasonably satisfactory to DISH (the “Plan”) which will be filed in the Chapter 11 Cases, along with a disclosure statement describing the Plan in form and substance not inconsistent with the
Plan Term Sheet or the Investment Agreement; and 
 WHEREAS, concurrent with the execution of this Agreement, the Seller and
DISH are entering into that certain Restructuring Support Agreement, dated as of March 15, 2011, between the Seller and DISH (the “Restructuring Support Agreement”) pursuant to which the Seller shall agree to support the
Plan and take certain actions in furtherance of the consummation of the Plan; and 
 WHEREAS, (i) DISH wishes to acquire
from the Seller, and the Seller wishes to sell to DISH, certain priority rights over DBSD’s G1 satellite, certain rights in the currently pending litigation against Sprint Nextel Corporation and the economic benefits and value, if any,

  
 1 

 
attributable to or received by the Seller and its affiliates in connection with any plan of reorganization of the Debtors, (ii) DISH wishes to acquire from the Seller, and the Seller wishes
to grant to DISH, an option to acquire all of the International Assets, to the extent such assets become available to DISH for acquisition, (iii) DISH wishes to acquire from the Seller, and the Seller wishes to grant to DISH, an option to
purchase all of the Seller’s equity interests in DBSD, to the extent such interests become available to DISH for acquisition, (iv) DISH wishes the Seller to enter into a license and spectrum coordination agreement and a transition services
agreement with DBSD which shall be effective upon consummation of the Plan, and (v) the Parties desire to provide certain indemnifications to each other, in each case, on the terms and subject to the conditions set forth in this Agreement.

 NOW, THEREFORE, in consideration of the foregoing premises and the respective representations, warranties, covenants,
agreements and conditions hereinafter set forth, and intending to be legally bound hereby, the Parties hereto agree as follows: 

ARTICLE I 

CERTAIN DEFINITIONS 
 As used in this Agreement each of the following terms shall have the following meaning: 
  

	 	1.1	“Action” means any administrative, regulatory, judicial or other formal proceeding by or before (or that could come before) any Governmental Entity or
arbitrator. 

  

	 	1.2	“Acquired Assets” shall have the meaning ascribed thereto in Section 9.1. 

 

	 	1.3	“Alternative Plan” shall have the meaning ascribed thereto in Section 5.9(a). 

 

	 	1.4	“Assets Call Closing Date” shall have the meaning ascribed thereto in Section 6.5. 

 

	 	1.5	“Assets Call Notice” shall have the meaning ascribed thereto in Section 6.4. 

 

	 	1.6	“Assets Call Right” shall have the meaning ascribed thereto in Section 6.4. 

 

	 	1.7	“Assets Option Start Date” shall have the meaning ascribed thereto in Section 6.5. 

 

	 	1.8	“Assets Put Closing Date” shall have the meaning ascribed thereto in Section 6.5. 

  
 2 

	 	1.9	“Assets Put Notice” shall have the meaning ascribed thereto in Section 6.5. 

 

	 	1.10	“Assets Put Right” shall have the meaning ascribed thereto in Section 6.4 

 

	 	1.11	“affiliate” shall have the meaning ascribed thereto in Section 11.10. 

 

	 	1.12	“Agreement” shall have the meaning ascribed thereto in the Introduction. 

 

	 	1.13	“Bill of Sale” shall have the meaning ascribed thereto in Section 6.6(a) and attached hereto as Exhibit A. 

 

	 	1.14	“business day” shall have the meaning ascribed thereto in Section 11.10. 

 

	 	1.15	“Call Right” shall have the meaning ascribed thereto in Section 6.1. 

 

	 	1.16	“Call Right End Date” shall mean the earlier of (i) the later of (x) three years from the date of this Agreement and (y) 30 days
following the consummation of the Plan (as amended or modified), and (ii) the consummation of the Plan (as amended or modified) or an Alternative Proposal, in either case pursuant to which the Capital Stock is cancelled.

  

	 	1.17	“Capital Stock” shall have the meaning ascribed thereto in Section 3.2. 

 

	 	1.18	“Claims” means any and all (i) claims, (ii) demands or (iii) causes of action (in the case of clause (iii), relating to or resulting
from an Action). 

  

	 	1.19	“Closing” shall mean the consummation of the transfer of the Priority Rights pursuant to Section 2.1(b) hereof. 

 

	 	1.20	“Closing Date” shall mean the date that the Closing occurs. 

 

	 	1.21	“Code” shall mean the Internal Revenue Code of 1986, as amended. 

 

	 	1.22	“Collateral Documents” shall mean, collectively, the Pledge Agreement, the “Collateral Trust Agreement” and all of the other “Secured
Debt Documents,” including without limitation the “Indenture,” as such terms are defined in the Pledge Agreement. 

  

	 	1.23	“DBSD Territory” means the United States, Canada, and Puerto Rico, and the ‘spill over’ areas including the adjacent coastal waters, into
Mexico, and into the Caribbean. 

  
 3 

	 	1.24	“DISH” shall have the meaning ascribed thereto in the Introduction. 

 

	 	1.25	“E.D.Va. Litigation” shall mean the civil action against the Seller currently pending in the United States District Court for the Eastern District of
Virginia (case no. 10-01404). 

  

	 	1.26	“End Date” shall have the meaning ascribed thereto in the Investment Agreement. 

 

	 	1.27	“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

 

	 	1.28	“FCC” shall mean the Federal Communications Commission. 

 

	 	1.29	“FCC Approval” shall mean all required consents and approvals of the full FCC or an appropriate bureau or bureaus, or division or subdivision thereto
for the transactions contemplated by Article VI. 

  

	 	1.30	“Governmental Entity” shall have the meaning ascribed thereto in Section 3.4. 

 

	 	1.31	“ICO Claims” shall mean all claims, counter-claims, cross-claims of any nature (whether or not asserted) against Sprint and its affiliates by the
Seller or its affiliates in connection with the E.D.Va. Litigation. 

  

	 	1.32	“ICO Trademarks” shall mean any and all Trademarks owned by the Seller or any of its affiliates that (i) include or incorporate the words
“ICO” or “ICO GLOBAL” (or any similar words) in any language, including the applications and registrations set forth on Section 1.32 of the Seller Disclosure Schedule. 

 

	 	1.33	“Implementation Date” means the earlier of either (i) the Investment Agreement Approval Order Date or (ii) the date on which DISH waives the
condition set forth in Section 8.3(d). 

  

	 	1.34	“Indenture” shall have the meaning ascribed in Section 1.22. 

 

	 	1.35	“International Assets” shall mean MEO Assets (as defined in the J&J Agreement), including the ITU Filings. 

 

	 	1.36	“Investment Agreement” shall have the meaning set forth in the Recitals. 

 

	 	1.37	“Investment Agreement Approval Order” shall have the meaning ascribed thereto in the Investment Agreement. 

  
 4 

	 	1.38	“Investment Agreement Approval Order Date” shall mean the date of entry by the Bankruptcy Court of the Investment Agreement Approval Order.

  

	 	1.39	“ITU Filings” shall mean the ownership and control of the MEO System ITU Filings, including those set forth in Section 1.39 of the Seller
Disclosure Schedule. 

  

	 	1.40	“ITU Priority Rights” means any and all rights for the operation of satellites in certain frequency bands that the Seller holds, directly or
indirectly, as a result of filings made on behalf of the Seller or any of its affiliates or their respective predecessors in interest with the International Telecommunications Union. 

 

	 	1.41	“J&J Agreement” shall mean such Letter Agreement, dated February 9, 2011, by and between the Seller and Jay and Jayendra (Pty) Ltd together
with all exhibits thereto. 

  

	 	1.42	“Law” shall have the meaning ascribed thereto in Section 3.4. 

 

	 	1.43	“License Agreement” shall mean that certain Amended and Restated License and Spectrum Coordination Agreement, by and between ICO Global Communications
(Operations) Limited and DBSD Services Limited attached hereto as Exhibit B. 

  

	 	1.44	“Lien” shall have the meaning ascribed thereto in Section 3.5. 

 

	 	1.45	“Loss” or “Losses” shall have the meaning set forth in Section 7.2. 

 

	 	1.46	“O&M Costs” shall have the meaning ascribed thereto in Section 6.5. 

 

	 	1.47	“Option Term” shall have the meaning ascribed in the J&J Agreement. 

 

	 	1.48	“Party” and “Parties” shall have the meaning ascribed thereto in the Introduction. 

 

	 	1.49	“Permitted Exceptions” shall mean as of the date of this Agreement (i) those exceptions to title to the International Assets listed in
Section 1.49 of the Seller Disclosure Schedule, (ii) Liens for Taxes not yet due and payable or for Taxes that the Seller is contesting in good faith through appropriate proceedings, (iii) Liens arising in the ordinary course of
business, and (iv) other Liens that are not material in amount or do not materially detract from the value of or materially impair the use of the property affected by such Lien. 

 

	 	1.50	“person” shall have the meaning ascribed thereto in Section 11.10. 

  
 5 

	 	1.51	“Plan Confirmation Date” shall mean the date the Bankruptcy Court enters the Confirmation Order (as defined in the Investment Agreement).

  

	 	1.52	“Plan Effective Date” shall mean the date that the transactions under the Plan and the Investment Agreement are substantially consummated.

  

	 	1.53	“Pledge Agreement” shall mean the Pledge Agreement, dated August 15, 2005, by and between the Sellers and The Bank of New York.

  

	 	1.54	“Post-Closing Period” shall have the meaning ascribed thereto in Section 9.4. 

 

	 	1.55	“Pre-Closing Period” shall have the meaning ascribed thereto in Section 9.4. 

 

	 	1.56	“Priority Rights” shall mean any and all priority rights over the Debtors for the operation of satellites and/or ancillary terrestrial component
systems in the DBSD Territory arising under the ITU Priority Rights and/or as a result of any licenses issued to the Seller or any of its affiliates or their respective predecessors in interest by any Government Entity. 

 

	 	1.57	“Purchase Price” shall have the meaning ascribed thereto in Section 2.2. 

 

	 	1.58	“Purchase Price Allocation” shall have the meaning ascribed thereto in Section 9.1. 

 

	 	1.59	“Put/Call Assets” shall have the meaning ascribed thereto in Section 6.4. 

 

	 	1.60	“Second Payment” shall have the meaning ascribed thereto in Section 2.2. 

 

	 	1.61	“Reimbursement” shall have the meaning ascribed in the J&J Agreement. 

 

	 	1.62	“Seller” shall have the meaning ascribed thereto in the Introduction. 

 

	 	1.63	“Seller Disclosure Schedule” shall have the meaning ascribed thereto in Article III. 

 

	 	1.64	“Sprint” shall mean the Sprint Nextel Corporation. 

  

	 	1.65	“Sprint Claims” shall have the meaning ascribed thereto in Section 7.3. 

  
 6 

	 	1.66	“subsidiary” shall have the meaning ascribed thereto in Section 11.10. 

 

	 	1.67	“Tax” shall mean any income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits,
environmental (including a tax under Section 59A of the Code), capital stock, franchise, profits, withholding, social security (or similar), unemployment, disability, real property, personal property, sales, use, transfer, real property
transfer, recording, registration, value added, alternative or add-on minimum, estimated, or other tax of any kind whatsoever, customs duty, fee or other similar assessment or charge in the nature of a tax, imposed by any Governmental Entity,
including any interest or penalty thereon or addition thereto, whether disputed or not and whether payable by reason of being a member of an affiliated, consolidated, combined or unitary group, any contract, assumption, transferee or successor
liability, operation of Law, Treasury Regulation Section 1.1502-6(a) (or any predecessor or successor thereof or any analogous or similar provision of Law) or otherwise. 

 

	 	1.68	“Tax Matters Agreement” shall mean the Tax Matters Agreement, by and between the Seller and DISH and attached hereto as Exhibit C.

  

	 	1.69	“Tax Return” means any report, return (including any information return), claim for refund, election, estimated Tax filing or payment, request for
extension, document, declaration or other information or filing required to be supplied to any Governmental Entity with respect to Taxes, including attachments thereto and amendments thereof. 

 

	 	1.70	“Third Payment” shall have the meaning ascribed thereto in Section 2.2. 

 

	 	1.71	“Trademarks” shall mean all United States, state and non-U.S. trademarks, service marks, trade names, assumed names, Internet domain names, designs,
logos, slogans, source identifiers and general intangibles of like nature, including all registrations and applications therefore and all common law rights relating thereto, including the goodwill associated therewith. 

 

	 	1.72	“Third Party Claim” shall have the meaning ascribed thereto in Section 7.5. 

 

	 	1.73	“Transfer Taxes” shall have the meaning ascribed thereto in Section 9.2. 

 

	 	1.74	“Transition Services Agreement” shall mean that certain Transition Space and Services Agreement, by and between the Seller and DBSD and attached hereto
as Exhibit D. 

  
 7 

 ARTICLE II 
 ASSIGNMENT OF CERTAIN RIGHTS; PAYMENTS 
 2.1 Assignment of Certain
Claims and Rights. On the terms and subject to the conditions set forth in this Agreement: 
 (a) on the Implementation
Date, the Seller will sell, convey, assign, transfer and deliver, or cause to be sold, conveyed, assigned, transferred and delivered, to DISH all of its and its affiliates’ direct or indirect right, title and interest in and to the ICO Claims;
and 
 (b) on the Closing Date, the Seller will sell, convey, assign, transfer and deliver, or cause to be sold, conveyed,
assigned, transferred and delivered, to DISH all of its and its affiliates’ direct or indirect right, title and interest in and to the Priority Rights. 
 2.2 Purchase Price. In consideration for the transactions contemplated by this Agreement, DISH shall pay to the Seller the following amounts in cash: 

(a) $35,000,000, which shall be payable to the Seller within five (5) calendar days after the Implementation Date (or in the event
such date is not a business day, the first business day following such date), in cash by wire transfer of immediately available funds to an account designated in writing by the Seller at least three (3) business days prior to the Implementation
Date (the “Initial Payment”); 
 (b) $279,536,000, which shall be payable to the Seller upon DISH’s having
ownership of greater than 50% of the Notes (as defined in the Indenture) and DISH’s performance of its obligations pursuant to Section 5.11 hereof, in cash by wire transfer of immediately available funds to the account designated by the
Seller pursuant to Section 2.2(a) unless otherwise directed by the Seller in writing (the “Second Payment”); provided, that if DISH has not met such condition with forty (40) calendar days of the Implementation
Date, the Seller shall have the right at any time thereafter to request in writing that the Second Payment be made and DISH shall make such payment within three (3) business days of receipt of such a written request; and 

(c) in consideration for the Call Right, DISH shall pay to the Seller an amount in cash equal to $10,000,000 payable to the Seller within
five (5) calendar days after the earlier of (x) the Plan Effective Date, or (y) the termination of the Investment Agreement following the Implementation Date (but in any event not earlier than the Closing Date) (or in the event such
date is not a business day, the first business day following such date), in cash by wire transfer of immediately available funds to an account designated in writing by the Seller pursuant to Section 2.2(a) unless otherwise directed by the
Seller in writing (the “Third Payment” together with the Initial Payment and the Second Payment, the “Purchase Price”). 
 2.3 Time and Place of Closing. Subject to the terms and conditions of this Agreement, the Closing will take place at the offices of Skadden, Arps, Slate, Meagher & Flom LLP, Four Times
Square, New York, New York, at 10:00 A.M. (local time), or at such other place or such other time as the Parties may mutually agree, on the Closing Date. 

  
 8 

 2.4 Deliveries by the Seller. 

(a) At Closing, the Seller shall deliver or cause to be delivered the following to DISH: 

(i) An instrument of transfer in customary form mutually agreed upon by the Parties effecting the transfer of the Priority
Rights. 
 (ii) The License Agreement, duly executed in counterpart, which delivery shall be irrevocable.

 (iii) The Transition Services Agreement, duly executed in counterpart, which delivery shall be irrevocable.

 (iv) The Tax Matters Agreement, duly executed in counterpart. 

2.5 Delivery by DISH. 
 (a) At Closing, DISH shall deliver to the Seller: 
 (i) The Initial
Payment. 
 (ii) The Tax Matters Agreement, duly executed in counterpart. 

(b) DISH shall deliver to the Seller the Second Payment and the Third Payment in accordance with Section 2.2(b) and
Section 2.2(c), respectively. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES OF THE SELLER 
 The Seller hereby represents
and warrants to DISH that, except as set forth in the disclosure letter, dated as of the date of this Agreement, from the Seller to DISH (the “Seller Disclosure Schedule”) (which Seller Disclosure Schedule sets forth items of
disclosure with specific reference to the particular Section or subsection of this Agreement to which the information in the Seller Disclosure Schedule relates; provided, however, that any information set forth in one Section of the
Seller Disclosure Schedule shall be deemed to apply to each other Section or subsection thereof to which its relevance is reasonably apparent on its face): 
 3.1 Organization; Qualification. 
 (a) The Seller is a
corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation and has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as
now being conducted or as presently contemplated to be conducted. 

  
 9 

 (b) The Seller is duly qualified or licensed and in good standing to do
business in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except in those jurisdictions where the failure to be so duly qualified or licensed
and in good standing would not, individually or in the aggregate, have a material adverse effect on the ability of the Seller to perform its obligations under this Agreement or to consummate the transactions contemplated herein in accordance with
the herewith. 
 3.2 Capital Structure. Section 3.2 of the Seller Disclosure Schedule sets forth for
DBSD the amount of its authorized capital stock (or other equity interests), the amount of its outstanding capital stock and the record and beneficial owners of its outstanding capital stock (or other equity interests). As of the date hereof, and as
of the date of the closing of the Call Right, if any, the Seller, directly or indirectly, has and will have good and valid title to all of the outstanding capital stock (or other equity interests) of DBSD (“Capital Stock”) set forth
as owned by the Seller in Section 3.2 of the Seller Disclosure Schedule, free and clear of all Liens, except with respect to the Collateral Documents. The Capital Stock has been duly authorized and validly issued and is fully paid and
nonassessable. As of the date of this Agreement, there are not any options, restricted shares, warrants, rights, convertible or exchangeable securities, “phantom” stock rights, stock appreciation rights, stock-based performance units,
other stock based rights, commitments, contracts, arrangements or undertakings of any kind to which DBSD is a party or by which DBSD is bound. 
 3.3 Authority; Execution and Delivery; Enforceability. The Seller has all requisite corporate power and authority to execute and deliver this Agreement and to consummate the transactions
contemplated hereby. The execution and delivery by the Seller of this Agreement and the consummation by the Seller of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of the Seller. The
Seller has duly executed and delivered this Agreement, and assuming the due authorization, execution and delivery by each of the other Party hereto, this Agreement constitutes the legal, valid and binding obligation of the Seller, enforceable
against the Seller in accordance with its terms. 
 3.4 No Violation. Except for the filings, permits,
authorizations, consents and approvals set forth in Section 3.4 of the Seller Disclosure Schedule or as may be required under the anti-competition laws or regulations of the European Union or any foreign jurisdiction in which the Seller or DISH
(directly or through affiliates, in each case) has material assets or conducts material operations, none of the execution, delivery or performance of this Agreement by the Seller or its affiliates, the consummation by the Seller or its affiliates of
the transactions contemplated hereby or compliance by the Seller or its affiliates with any of the provisions hereof will (i) conflict with or result in any breach of any provision of the certificate of incorporation, bylaws or similar
organizational documents of the Seller or any of its affiliates (but only to the extent that such affiliate must effectuate the transactions contemplated hereby), (ii) require any filing with, or permit, authorization, consent or approval of,
any federal, regional, state or local court, arbitrator, tribunal, administrative agency or commission or other governmental or other regulatory authority or agency, whether U.S. or foreign (a “Governmental Entity”),
(iii) result in a violation or breach of, or constitute (with or without due notice or lapse of time or both) a default (or give rise to any right of termination, amendment, cancellation or acceleration) under, or result in the creation of a
Lien on any assets 

  
 10 

 
of the Seller or its affiliates pursuant to, any of the terms, conditions or provisions of any note, bond, mortgage, indenture, lease, license, contract, agreement or other instrument or
obligation to which the Seller or any of its affiliates is a party or by which any of them or any of their properties or assets may be bound, or (iv) violate any order, writ, injunction, decree, judgment, permit, license, ordinance, law,
statute, rule or regulation (“Law”) applicable to the Seller or any of its affiliates (but only to the extent that such affiliate must effectuate the transactions contemplated hereby) or any of the assets of the Seller or its
affiliates, excluding from the foregoing clauses (ii), (iii) and (iv) such filings, permits, authorizations, consents, approvals, violations, breaches, defaults or Liens which are not, individually or in the aggregate, reasonably likely to
have a material adverse effect on the ability of the Seller to perform its obligations under this Agreement or to consummate the transactions contemplated in accordance hereof. 

3.5 Absence of Undisclosed Liens; Title and Related Matters. Except as set forth in Section 3.5 of the Seller
Disclosure Schedule, the Seller’s interest in each of the ICO Claim and the Priority Rights and, the International Assets, will, after giving effect to the transactions contemplated hereby and assuming the exercise of the Assets Call Right in
accordance with its terms, will be owned by DISH, directly or indirectly, in each case, free and clear of all liens, pledges, charges, security interests and other encumbrances (each a “Lien”) other than Permitted Exceptions.

 3.6 Litigation. Other than the pendency of the Chapter 11 Cases as of the date hereof, there are no
Actions pending or, to the knowledge of the Seller, threatened against or affecting the Seller or its affiliates (and, to the knowledge of the Seller, there is no basis for any such Action) that, individually or in the aggregate, has had or would
reasonably be expected to have a material adverse effect on the ability of the Seller to perform its obligations under this Agreement or to consummate the transactions contemplated hereby in accordance herewith, nor are there any judgments, orders
or decrees of any Governmental Entity outstanding against the Seller or its affiliates, individually or in the aggregate, has had or would reasonably be expected to have a material adverse effect on the ability of the Seller to perform its
obligations under this Agreement or to consummate the transactions contemplated hereby in accordance herewith. 

3.7 J&J Agreement. The Seller has provided DISH with a true, correct and complete copy of the J&J Agreement
as amended through the date hereof. 
 3.8 Priority Rights. The conveyance by the Seller of the Priority
Rights pursuant to this agreement for the operation of satellites and/or ancillary terrestrial component systems in the DBSD Territory, and the granting of covenants regarding interference with such operations, as contemplated in Section 8.1 of
the License Agreement, will not conflict with or result in any breach of any agreement to which the Seller is a party or by which the Seller is bound (including without limitation all agreements with Jay and Jayendra (Pty) Ltd.). 

3.9 Brokers. No broker, investment banker, financial advisor or other person, other than persons the fees and
expenses of which will be paid by the Seller, is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the transactions contemplated hereby based upon arrangements made by or on
behalf of the Seller. 

  
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 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES OF DISH 
 DISH represents and warrants to
the Seller as follows: 
 4.1 Organization; Qualification. DISH is a corporation duly organized, validly
existing, and in good standing under the laws of the jurisdiction of its incorporation and has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted or as presently
contemplated to be conducted. 
 4.2 Authority; Execution and Delivery; Enforceability. DISH has the
corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and
thereby have been duly and validly authorized by the Board of Directors of DISH and no other corporate proceedings on the part of DISH are necessary to authorize this Agreement or to consummate the transactions contemplated hereby. DISH has duly
executed and delivered this Agreement and assuming the due authorization, execution and delivery by each of the other Party hereto, this Agreement constitutes the legal, valid and binding obligation of DISH, enforceable against DISH in accordance
with its terms. 
 4.3 No Violation. Except as may be required under the anti-competition laws or
regulations of the European Union or any foreign jurisdiction in which the Seller or DISH (directly or through affiliates, in each case) has material assets or conducts material operations, none of the execution, delivery or performance of this
Agreement, the consummation by DISH of the transactions contemplated hereby or compliance by DISH with any of the provisions hereof will (i) conflict with or result in any breach of any provision of the certificate of incorporation, bylaws or
similar organizational documents of DISH or any of its affiliates, (ii) require any filing with, or permit, authorization, consent or approval of, any Governmental Entity, (iii) result in a violation or breach of, or constitute (with or
without due notice or lapse of time or both) a default (or give rise to any right of termination, amendment, cancellation or acceleration) under, or result in the creation of a Lien on any property or assets owned by DISH or any of its affiliates
pursuant to, any of the terms, conditions or provisions of any note, bond, mortgage, indenture, lease, license, contract, agreement or other instrument or obligation to which DISH or any of its affiliates is a party or by which any of them or any of
their properties or assets may be bound, or (iv) violate any order, writ, injunction, decree, judgment, permit, license, ordinance, law, statute, rule or regulation applicable to DISH, any of its affiliates or any of their properties or assets,
excluding from the foregoing clauses (ii), (iii) and (iv) such filings, permits, authorizations, consents, approvals, violations, breaches, defaults or Liens which are not, individually or in the aggregate, reasonably likely to materially
adversely affect the consummation of the transactions contemplated by this Agreement. 
 4.4 Financing. At
or prior to the Closing Date, DISH will have sufficient cash resources available to pay the Purchase Price. 

  
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 4 .5 Litigation. Other than the pendency of the Chapter 11 Cases, as
of the date hereof, there are no Actions pending or, to the knowledge of DISH, threatened against or affecting DISH or its affiliates (and, to the knowledge of DISH, there is no basis for any such Action) that, individually or in the aggregate, has
had or would reasonably be expected to have a material adverse effect on the ability of DISH to perform its obligations under this Agreement or to consummate the transactions contemplated hereby in accordance herewith, nor are there any judgments,
orders or decrees of any Governmental Entity outstanding against DISH or its affiliates, individually or in the aggregate, has had or would reasonably be expected to have a material adverse effect on the ability of DISH to perform its obligations
under this Agreement or to consummate the transactions contemplated hereby in accordance herewith. 
 4.6
Brokers. No broker, investment banker, financial advisor or other person, other than persons the fees and expenses of which will be paid by DISH, is entitled to any broker’s, finder’s, financial advisor’s or other similar fee
or commission in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of DISH. 

ARTICLE V 

COVENANTS OF THE PARTIES 
 5.1 Conduct of the Seller. 
 (a) Except as otherwise contemplated by this
Agreement, unless all the International Assets are sold pursuant to the J&J Agreement, from and after the date of this Agreement until the earlier of (x) the consummation of the transaction contemplated by the Assets Call Right or
(y) the termination of the Assets Call Right pursuant to Section 6.4 (the “Asset Covenant Termination Date”), the Seller will, and will cause its affiliates to, (1) use its reasonable best efforts to maintain and
operate the International Assets in accordance with current practice and in material compliance with all applicable laws, and (2) maintain good relationships with licensors, licensees, suppliers, contractors, distributors, customers and others
having significant business relationships with the Seller to the extent related to the International Assets. 
 (b) Without
limiting the generality of the foregoing and, except as otherwise expressly provided in this Agreement, 
 (i)
unless all the International Assets are sold pursuant to the J&J Agreement, from and after the date of this Agreement until the Asset Covenant Termination Date, without the prior written consent of DISH, the Seller will not nor will it permit
its affiliates to: 
 (1) permit any of its current insurance (or reinsurance) policies to be cancelled or
terminated or any of the coverage thereunder to lapse if such policy covers any International Assets or insures risks, contingencies or liabilities which could result in an impairment of any such International Assets, unless simultaneously with such
termination, cancellation or lapse, replacement policies providing coverage equal to or 

  
 13 

 
greater than the coverage remaining under those cancelled, terminated or lapsed policies are in full force and effect (it being understood that there shall be no obligation to extend such
insurance policies after the Closing Date); 
 (2) (A) sell, transfer, assign, convey or otherwise dispose of or
agree to sell, transfer, assign, convey or otherwise dispose of, any International Assets held by the Seller, except as pursuant to the J&J Agreement, (B) mortgage, pledge or otherwise encumber any International Assets held by the Seller
except for such mortgages or encumbrances which constitute Permitted Exceptions or pursuant to the J&J Agreement; or (C) fail to make maintenance payments for, or fail to make filings required to be made with applicable trademark offices to
maintain registrations or applications for any of the ICO Trademarks; or 
 (3) enter into, amend, supplement or
otherwise modify any license, contract or other agreement affecting the ICO Trademarks or the International Assets, including the J&J Agreement; 
 (ii) from and after the date of this Agreement until the earlier of (x) the Call Right End Date or (y) the Call Closing Date, without the prior written consent of DISH, the Seller will not and
will not permit its affiliates to: 
 (1) subject to the terms of the Pledge Agreement, (A) sell, transfer,
assign, convey or otherwise dispose of or agree to sell, transfer, assign, convey or otherwise dispose of, any Capital Stock held by the Seller or (B) mortgage, pledge, or otherwise encumber the Capital Stock held by the Seller; or 

(2) subject to Section 5.11, enter into, amend, supplement or otherwise modify any contract, or other agreement
relating to the Capital Stock; and 
 (iii) from and after the date of this Agreement, without the prior written
consent of DISH, the Seller will not and will not permit its affiliates to: 
 (1) settle, dismiss or otherwise
modify the ICO Claims or Sprint Claims; or 
 (2) assert any rights arising under the ITU Filings or any Priority
Right against DISH, DBSD or any of their affiliates or DBSD’s G1 satellite, or assign any rights under the ITU Filings (subject to the J&J Agreement) or any Priority Right to any person other than DISH. 

(c) Notwithstanding this Section 5.1, in no event with the Seller be required to undertake any actions that will require any
material capital expenditures or materially increase any operating expenses of the Seller with respect to the Capital Stock or the International Assets. 
 5.2 Access to Information. Subject to applicable Law, the Seller will, and will cause each of its affiliates to, provide DISH and its affiliates reasonable access, to information 

  
 14 

 
related to the transactions contemplated by this Agreement, during the period following the date of this Agreement to the Seller, its affiliates and all the personnel, properties, books,
contracts, commitments and records of the Seller and its affiliates, and, during such period the Seller will, and will cause its affiliates to, furnish promptly to DISH (a) a copy of each report, schedule, statement and other document filed by
it during such period pursuant to the requirements of Federal or state securities Laws or in the Chapter 11 Cases and (b) all other information concerning the Seller, its affiliates, the Transaction or any other transaction contemplated hereby
or thereby as DISH may reasonably request. 
 5.3 Expenses. Except as otherwise provided by this Agreement, whether or
not the transactions contemplated hereby are consummated, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby will be paid by the party incurring such costs and expenses. Notwithstanding the
foregoing, from and after the Implementation Date, DISH shall reimburse the Seller, such reimbursement not to exceed $1 million, for the Seller’s reasonable documented out-of-pocket expenses (including the reasonable fees of counsel) incurred
by it in connection with actions taken by it after the date hereof in connection with the transactions contemplated by this Agreement or the Plan. 
 5.4 Reasonable Best Efforts. 
 (a) Subject to the terms and conditions of
this Agreement and applicable Law, each of the Parties shall act in good faith and use reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable to consummate and
make effective the transactions contemplated by this Agreement as soon as practicable. Without limiting the foregoing, the Parties shall, and shall cause their respective affiliates, and use reasonable best efforts to cause their (and their
respective affiliates) directors, officers, employees, agents, attorneys, accountants and representatives, to (i) obtain all consents, approvals, waivers, licenses, permits, authorizations, registrations, qualifications or other permissions or
actions by, and give all necessary notices to, and make all filings with and applications and submissions to, any Governmental Entity or other person necessary in connection with the consummation of the transactions contemplated by this Agreement as
soon as reasonably practicable; (ii) provide all such information concerning such Party, its affiliates and its officers, directors, employees and partners as may be necessary or reasonably requested in connection with any of the foregoing;
(iii) avoid the entry of, or have vacated or terminated, any injunction, decree, order, or judgment that would restrain, prevent, or delay the consummation of the transactions contemplated hereby, including but not limited to defending through
litigation on the merits any claim asserted in any court by any person; and (iv) take any and all reasonable steps necessary to avoid or eliminate every impediment under any antitrust, competition, or trade regulation law that is asserted by
any Governmental Entity with respect to the transactions contemplated hereby so as to enable the consummation of such transactions to occur as expeditiously as possible. Notwithstanding the foregoing, DISH and its affiliates shall not be required to
take an action to obtain regulatory approval that it determines to be adverse to DISH, any of its affiliates or the International Assets. 
 (b) The Seller and DISH shall keep the other reasonably apprised of the status of matters relating to the completion of the transactions contemplated hereby, including promptly furnishing the other with
copies of notices or other communications received by either of them or 

  
 15 

 
by any of their respective affiliates, from any third party and/or any Governmental Entity with respect to the transactions contemplated by this Agreement. 

5.5 Further Assurances; Assistance by Affiliates. From time to time including following the Closing Date, without further
consideration, the Seller will, at its own expense, execute and deliver such documents to DISH as DISH may reasonably request in order effectively to consummate the transactions contemplated hereby and to vest in DISH title to the ICO Claims, the
Priority Rights, to the extent applicable, and subject to the exercise of the Call Right and Assets Call Right, as applicable, the Capital Stock held by the Seller and the International Assets (including, without limitation, assistance in the
reduction to possession of any thereof). From time to time, without further consideration, DISH will, at its own expense, execute and deliver such documents as the Seller may reasonably request in order effectively to consummate the transactions
contemplated hereby. 
 5.6 Disclosure Supplements. From time to time after the date of this Agreement and prior to the
Implementation Date, the Seller will promptly supplement or amend the schedules referred to in Article III with respect to any matter hereafter arising which, if existing or occurring at or prior to the date of this Agreement, would have been
required to be set forth or described in a schedule or which is necessary to correct any information in a schedule or in any representation and warranty of the Seller that has been rendered inaccurate thereby. For purposes of determining the
accuracy of the representations and warranties of the Seller contained in Article III and the accuracy of the representations and warranties of DISH contained in Article IV in order to determine the fulfillment of the conditions set forth in
Sections 8.3(a) and 8.2(a), respectively, the schedules delivered by the Seller and the schedules delivered by DISH shall be deemed to include only that information contained therein on the date of this Agreement and shall be deemed to exclude any
information contained in any subsequent supplement or amendment thereto. 
 5.7 Public Announcements. DISH and the Seller
agree that neither one of them will issue any press release or otherwise make any public statement or respond to any press inquiry with respect to this Agreement or the transactions contemplated hereby without prior consultation with the other
Party, except as may be required by applicable Law or the rules of any stock exchange on which such Party’s securities are listed. 
 5.8 Assistance in Prosecuting ICO Claims. From and after the Implementation Date, (i) the Seller shall and shall cause its affiliates to take all actions and make all filings reasonably
requested by DISH in connection with prosecution of the ICO Claims, at DISH’s expense, (ii) DISH shall have the right, but not the obligation, to conduct and control, through counsel of its choosing, the ICO Claims, and the Seller and its
affiliates shall not consent to the entry of judgment or enter into any settlement with respect to the ICO Claims without the prior written consent of DISH, (iii) any cash, rights or other consideration that the Seller receives with respect to
the ICO Claims shall be immediately transferred to DISH for no additional consideration and (iv) DISH may compromise or settle the ICO Claim without the consent of the Seller. 

5.9 Remittance of Certain Plan and Alternative Transaction Payments. 

  
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 (a) Notwithstanding (i) anything contained in the Plan (or any amendment thereto) to
the contrary or (ii) anything contained in any Alternative Proposal (as defined in the Investment Agreement) or any chapter 11 plan implementing any such Alternative Proposal (“Alternative Plan”), subject to the proviso below,
in the event that the Seller or any of its affiliates receives any payments, rights, assets, property or benefits, in respect of Capital Stock held by the Seller, asserted administrative claims or otherwise giving rise to an ICO Benefit Amount in
connection with the Plan (or any amendment thereto) or directly or indirectly in connection with any Alternative Proposal, including under any Alternative Plan (other than (1) the payments and benefits contemplated by this Agreement and
(2) any payments in respect of the claims against DBSD held by the Seller as set forth on Section 5.9(a) of the Seller Disclosure Schedule), the Seller shall cause DISH to be paid the ICO Benefit Amount in respect thereof promptly upon
receipt thereof, but, in any event not later than the later of (x) three business days following the consummation of the Plan (or any amendment thereto), an Alternative Plan (or any amendment thereto) or an Alternative Proposal and
(y) three business days after receipt of such ICO Benefit Amount, which payment shall be made, as applicable, by wire transfer of immediately available funds to an account designated by DISH or delivery of equity or debt securities or
derivative instruments with any necessary endorsements, as the case may be; provided, however, that the Seller shall have no obligation to pay any amount, or deliver any equity or debt securities or derivative instruments, to
DISH if such payment or delivery would be in violation of the Collateral Documents or any Law. In the event such payment or transfer would be in violation of the Collateral Documents or any Law, the Seller will hold such ICO Benefit Amount in trust
until such time as such ICO Benefit Amounts can be transferred to DISH without such violation. 
 (b) Promptly following
DBSD’s entry into any agreement that includes an ICO Benefit Amount described in Sections 5.9(c)(iii), (iv) or (v) hereof (collectively, the “Contractual Benefits”) relating to an Alternative Proposal, the Parties
shall cooperate in good faith to determine the net present value of the Contractual Benefits (the “Contractual Benefit Value”) to be realized by the Seller and its affiliates in connection with (i) such Alternative Proposal or
Alternative Plan, and (ii) any understandings, contracts or other agreements entered into between the proponent of such Alternative Proposal (or its designees and affiliates) and the Seller and its affiliates, with a view to mutually agreeing
to a Contractual Benefit Value prior to the consummation of such Alternative Proposal. In the event that the Parties are unable to mutually agree to the Contractual Benefit Value at least ten (10) business days prior to the anticipated
consummation of the Alternative Proposal, then the Parties shall appoint a mutually acceptable independent valuation expert of national reputation to make such determination; provided, however, that if the Parties are unable to agree
upon such a valuation expert within five (5) business days of the anticipated consummation of the Alternative Proposal, each shall appoint an independent valuation expert and the two experts shall agree within ten (10) days of both experts
being appointed on a third party independent valuation expert to determine any Contractual Benefit amount, if any. The independent valuation expert so selected shall be instructed to render its determination of the Contractual Benefit amount not
later than 30 business days following the consummation of the Alternative Proposal. The fees and expenses of such independent valuation expert shall be borne equally by each of the Parties. The Seller shall, no more than three (3) business days
after the final determination of the Contractual 

  
 17 

 
Benefit Value, cause DISH to be paid the Contractual Benefit Value by wire transfer of immediately available funds to an account designated by DISH. 

(c) For purposes of this Agreement, “ICO Benefit Amount” shall mean the following economic benefits received by the
Seller or its affiliates (other than DBSD and its subsidiaries), directly or indirectly, in connection with the consummation of the Plan (or any amendment thereto) or Alternative Proposal (including an Alternative Plan): (i) the amount of any
payment received by the Seller or any of its affiliates in immediately available funds, (ii) any equity or debt securities or derivative instruments received by the Seller or any of its affiliates, (iii) the value of any contractual
arrangements, including, but not limited to, asset sale agreements, indemnification arrangements, investment agreements, transition services agreements, spectrum coordination agreements, intellectual property licenses and pledge agreements,
(iv) the value of favorable pricing for services received by the Seller or its affiliates from DBSD or its affiliates, and (v) the value of any favorable pricing for services rendered by the Seller or any of its affiliates to DBSD and its
affiliates. 
 5.10 Claims against Second and Third Payments. DISH acknowledges and agrees that in no event shall DISH
nor any of its affiliates assert any claim to any portion of the Second Payment or the Third Payment in the event that DISH or its affiliates becomes a holder of Notes (as defined in the Indenture). 

5.11 Pledge Agreement. If at any time following the date hereof, DISH owns in excess of 50% of the aggregate principal amount of
the Notes (as defined in the Indenture) issued under the Indenture, each of DISH and the Seller shall promptly and, in any event, within three (3) business days of the acquisition of such Notes, effect the waiver of any and all applicable
restrictions in the Pledge Agreement with respect to the transactions contemplated hereunder and in the Restructuring Support Agreement. DISH shall not consent to the exercise of any remedies against the Seller of any breach of the Collateral
Documents. 
 ARTICLE VI 
 CALL RIGHT; ASSETS CALL RIGHT 
 6.1 Call Right Defined. Subject to
the provisions of the Pledge Agreement being waived with respect to, or otherwise no longer being applicable to, the Capital Stock held by the Seller, from such time, if it should ever occur, until the Call Right End Date (the “Call
Period”), the Seller hereby irrevocably grants to DISH the right to purchase free and clear of all Liens and encumbrances on the terms provided in this Section 6.1 (the “Call Right”) all but not less than all of the
Capital Stock held by the Seller (the “Call Shares”) at the Call Price. 
 6.2 Call Price. The purchase
price (the “Call Price”) to be paid by DISH for the Call Shares upon exercise of the Call Right will be an amount equal to $10.00. DISH may exercise its Call Right by giving written notice to the Seller of its intention to do so
(the “Call Notice”), specifying the date, no later than the later of (a) ninety (90) days after the date of the Call Notice and (b) five (5) business days after the

  
 18 

 
satisfaction or waiver of the conditions set forth in Section 6.3, on which the purchase of the Call Shares will be consummated (the “Call Closing Date”). The Seller
shall deliver to DISH, at DISH’s principal place of business or such other location as DISH may specify in the Call Notice, the certificates representing the Call Shares owned by the Seller free and clear of all Liens and encumbrances, which
certificates shall have affixed thereto stock powers in customary form (the “Stock Power”), representing the Call Shares and such transfer instruments and other documents as are reasonably requested by the Seller in order to effect
the Call Right. On the Call Closing Date, and upon the receipt of certificates representing the Call Shares and the duly executed Stock Power, DISH shall, subject to Section 6.3, deliver to the Seller the Call Price for the Call Shares
delivered by the Seller by wire transfer in immediately available funds no later than ten (10) days prior to the Call Closing Date to the account specified by the Seller. 
 6.3 Conditions to Closing of the Call Right. The obligation of DISH to purchase the Call Shares following delivery of the Call Notice is subject to the satisfaction of the following: 

(a) as of the Call Closing Date, (i) no action shall be pending or threatened against DISH, any affiliate of DISH, the Seller or any
affiliate of the Seller by any Governmental Entity that could result in the restraint or prohibitions of any such Person, in connection with this Agreement, the Investment Agreement or the consummation of the transactions contemplated by the Call
Right, and (ii) no temporary restraining order, preliminary or permanent injunction or other judgment or order issued by any court or agency of competent jurisdiction or other law, statute, regulation, rule, decree, legal restraint or
prohibition shall be in effect preventing the consummation of the transactions contemplated by the Call Right or restricting in any material way the ability of DISH or DBSD to conduct its business after the Call Closing Date substantially as being
conducted by DISH or DBSD immediately before the Call Closing Date; 
 (b) all necessary approvals of any Governmental Entity
shall have been obtained and shall be in full force and effect, including, but not limited to FCC Approval, on terms satisfactory to DISH, except for such approvals, the failure to obtain which would not adversely affect DISH; and 

(c) the representations and warranties set forth in Section 3.2 shall be true and correct in all material respects, as of the Call
Closing Date. 
 6.4 Assets Call Right and Assets Put Right. 

(a) Subject to the terms provided in Sections 6.4 through 6.9, DISH shall have the right to purchase from the Seller (the “Assets
Call Right”) all but not less than all of the International Assets (other than any such International Assets which are sold by the Seller or its affiliates pursuant to the J&J Agreement, the “Put/Call Assets”) at the
Assets Call Price; provided, however, that such Assets Call Right shall be exercisable only after the expiration or termination of the J&J Agreement or, in the event the purchase and sale as contemplated by the J&J Agreement is
consummated with respect to less than all of the International Assets, then from the date of such consummation, but only with respect to those International Assets not so purchased and sold. 

  
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 (b) Subject to the terms provided in Sections 6.4 through 6.9, the Seller shall have the
right to sell to DISH, and to require DISH to purchase from the Seller (the “Assets Put Right”) all but not less than all of the Put/Call Assets at the Assets Option Price. 

(c) The purchase price (the “Assets Option Price”) to be paid by DISH for the Put/Call Assets upon exercise of the
Assets Call Right or Assets Put Right will be an amount equal to $10.00. 
 6.5 Assets Option Notice. 

(a) The Seller shall provide written notice (the “Assets Option Notice”) to DISH within five (5) calendar days of
the earlier of (i) consummation of the purchase and sale contemplated by the J&J Agreement and (ii) the end of the Option Term (the “Assets Option Start Date”). DISH shall provide written notice to the Seller of its
future intention to exercise its Assets Call Right within ten (10) business days of receiving the Assets Option Notice (the “Assets Option Election Notice”). 

(b) If DISH does not provide an Assets Option Election Notice within ten (10) business days after receipt of the Assets Option
Notice, then both the Assets Call Right and Assets Put Right shall automatically terminate as of such date, without any liability or payment by or to any party arising from such termination. 

(c) If DISH does provide an Assets Option Election Notice within ten (10) business days after receipt of the Assets Option Notice,
then at any time after the Seller’s delivery of such Assets Option Election Notice and before December 31, 2011: 
 (i) DISH may exercise its Assets Call Right by giving written notice to the Seller of its intention to do so (the “Assets Call Notice”), specifying the date, no earlier than
January 1, 2012, and no later than January 31, 2012, on which the purchase of the Put/Call Assets will be consummated (the “Assets Call Closing Date”). On the Assets Call Closing Date, the Seller shall sell, convey,
assign, transfer and deliver, or cause to be sold, conveyed, assigned, transferred and delivered all of its direct or indirect right, title and interest in and to the Put/Call Assets and DISH shall accept such Put/Call Assets. 

(ii) The Seller may exercise its Assets Put Right by giving written notice to DISH of its intention to do so (the
“Assets Put Notice”), specifying the date, no later than the later of (a) five (5) business days after satisfaction or waiver of the conditions set forth in Section 6.8 and (b) December 31, 2011, on which
the purchase of the Put/Call Assets will be consummated (the “Assets Put Closing Date”). On the Assets Put Closing Date, the Seller shall sell, convey, assign, transfer and deliver, or cause to be sold, conveyed, assigned,
transferred and delivered all of its direct or indirect right, title and interest in and to the Put/Call Assets and DISH shall accept such Put/Call Assets. 

  
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 (d) If (i) DISH delivers an Assets Option Election Notice and (ii) the sale and
purchase of the assets contemplated by the J&J Agreement was not consummated, then DISH shall pay an amount equal to the Reimbursement for each calendar day starting from the Assets Option Start Date and ending on the earlier of (x) the
Assets Call Closing Date, (y) the Assets Put Closing Date, and (y) January 31, 2012. DISH shall pay the aggregate Reimbursement for each calendar month by the end of such month, commencing in the month in which the Assets Option Start
Date falls. If DISH fails to timely make any Reimbursement payment, and if such failure continues for ten (10) calendar days after written notice of such failure from the Seller, then DISH shall be in default of its Reimbursement obligations,
which shall entitle the Seller as its sole remedies to (i) terminate the Assets Call Right and (ii) collect from DISH any Reimbursement amounts through January 31, 2012. 

(e) If (i) DISH delivers an Assets Option Election Notice and (ii) the sale and purchase of the assets contemplated by the
J&J Agreement has been consummated, then the Seller will provide DISH with monthly invoices for all costs and expenses associated with operating and maintaining the Put/Call Assets (the “O&M Costs”) starting from the Assets
Option Start Date and ending on the earlier of (x) the Assets Call Closing Date, (y) the Assets Put Closing Date, and (y) January 31, 2012. DISH shall pay the invoiced O&M Costs for each calendar month within five
(5) business days of receiving such invoice. If DISH fails to timely make any invoice payment, and if such failure continues for ten (10) calendar days after written notice of such failure from the Seller, then DISH shall be in default of
its payment obligations, which shall entitle the Seller as its sole remedies to (i) terminate the Assets Call Right and (ii) collect from DISH any O&M Costs through January 31, 2012. 

(f) The Seller covenants in favor of DISH that the Seller shall utilize the amounts paid by DISH pursuant to Sections 6.5(d) or
(e) exclusively to discharge the O&M Costs. The Seller shall, on a monthly basis, provide DISH with reports and certificates confirming that the amounts paid pursuant to Sections 6.5(d) or (e) have been applied to settle only the
O&M Costs (and have not been utilized for any other purpose). DISH shall be entitled to request and to receive from the Seller such evidence thereof as DISH may reasonably request from time to time. 

6.6 Deliveries by the Seller. At the Assets Call Closing Date or the Assets Put Closing Date, the Seller shall deliver or cause to
be delivered the following to DISH: 
 (a) A duly executed bill of sale substantially in the form of Exhibit A to this
Agreement (the “Bill of Sale”). 
 (b) All consents obtained as contemplated by Section 5.4(a)(i) with
respect to the Put/Call Assets. 
 (c) Such other and further instruments of conveyance, assignment and transfer as DISH may
reasonably request for the effective conveyance and transfer of any of the Put/Call Assets. 
 6.7 Deliveries by DISH. At
the Assets Call Closing Date or the Assets Put Closing Date, DISH shall deliver the following to the Seller. 

  
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 (a) The Assets Put/Call Price. 

(b) All consents obtained as contemplated by Section 5.4(a)(i) with respect to such Put/Call Assets. 

(c) The certificates contemplated by Sections 8.2 and 8.4, with respect to such Put/Call Assets. 

6.8 Conditions to Closing of the Assets Call Right. The obligation of DISH to purchase the Put/Call Assets is subject to the
satisfaction of the following: 
 (a) To the extent required by applicable Law, each of the Parties and any other person
required in connection with the transactions contemplated in Sections 6.4 and 6.5 with respect to such Put/Call Assets to file all necessary filings with any Governmental Entity outside the U.S. shall have made such filings and such Governmental
Entities outside the U.S. shall have approved or cleared such filing and all such approvals or clearances shall have been received. 
 (b) No statute, rule, regulation, executive order, decree, ruling or injunction (temporary, preliminary or permanent) shall have been enacted, entered, promulgated or enforced by any Governmental Entity
which prohibits the consummation of the transactions in Sections 6.4 and 6.5 with respect to such Put/Call Assets or has the effect of making the acquisition of such Put/Call Assets by DISH or any of its affiliates illegal. 

(c) The representations or warranties of the Seller set forth in Section 3.5 shall be true and correct in all material respects with
respect to such Put/Call Assets. 
 (d) Receipt of the requisite approval of the transaction contemplated by Section 6.4
with respect to such Put/Call Assets by the United Kingdom’s Office of Communications on terms and conditions satisfactory to DISH. 
 (e) The Seller shall have performed and complied in all material respects, with respect to such Put/Call Assets, with all agreements and obligations required by this Agreement to be performed and complied
with by it on or prior to the Assets Call Closing Date or Assets Put Closing Date, as applicable. 
 (f) The Seller shall have
furnished a certificate of an executive officer of the Seller to evidence compliance with the conditions set forth in Sections 6.8(d) and (e) of this Agreement. 
 6.9 Certificates. Each of the Parties hereto will furnish to the other Party such certificates of such Party’s officers or others and such other documents to evidence fulfillment of the
conditions set forth in this Article VI as the other Party may reasonably request. 

  
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 ARTICLE VII 
 INDEMNIFICATION 
 7.1 Survival of Representations, Warranties and
Covenants. The representations and warranties contained in this Agreement and the covenants and agreements of DISH and the Seller contained herein shall survive the Closing. 

7.2 Indemnification by the Seller. From and after the Implementation Date and subject to the terms and conditions of this Article
VII, the Seller agrees to defend, indemnify and hold harmless DISH and its affiliates, and, if applicable, their respective directors, officers, employees, successors and assigns (the “DISH Indemnified Parties”) from and against any
and all obligations, claims, costs, expenses, losses, damages, liabilities, awards, judgments, costs and expenses (including reasonable attorneys’ and consultant fees and expenses), whether or not resulting from any third party claim) (this
excludes punitive, consequential or special damages, except to the extent awarded to a third party pursuant to a final non-appealable judgment) (collectively, “Losses” and individually, a “Loss”) arising or
resulting from any breach by the Seller of any of its representations, warranties, covenants or agreements in this Agreement. 

7.3 Indemnification by DISH. From and after the Implementation Date and subject to the terms and conditions of this Article VII,
DISH agrees to defend, indemnify and hold harmless the Seller and its affiliates, and, if applicable, their respective directors, officers, employees, successors and assigns (the “Seller Indemnified Parties”) from and against any
and all Losses arising or resulting from (a) any breach by DISH of any of its representations, warranties, covenants or agreements in this Agreement, (b) all claims against the Seller by Sprint in the E.D.Va. Litigation and all other
claims arising out of or based on the facts underlying the claims asserted in the E.D.Va. Litigation including, but not limited to all claims or causes of action relating to (i) any and all cost incurred or to be incurred by Sprint in
connection with the relocation of broadcast auxiliary service licensees from the 1990-2025 MHz spectrum band, and (ii) the FCC’s Fifth Report and Order, Eleventh Report and Order, Sixth Report and Order, and Declaratory Ruling, FCC
No. 10-179, released September 29, 2010, 75 Fed. Reg. 67,227 (Nov. 2, 2010), 25 FCC Rcd 13874 (the “BAS Rulemaking”), and under any amendments to or modifications of the BAS Rulemaking, including any and all claims and
causes of action in connection with or arising or resulting from or upon any assignment or transfer of spectrum licenses (collectively, the “Sprint Claims” and such indemnification, the “Sprint Indemnification”), or
(c) any successful claim made by the holder of any Note (as defined in the Indenture) in which any portion of the Purchase Price is paid to a holder of Notes and such payment offsets any payment obligations to such holder under the Collateral
Documents. 
 7.4 Notice of Claims. If any of the Persons to be indemnified under this Article VII (the
“Indemnified Party”) has suffered or incurred any Losses, the Indemnified Party shall so notify the party from whom indemnification is sought (the “Indemnifying Party”) promptly in writing describing the event
giving rise to such Losses, the basis upon which indemnity is being sought, the amount or estimated amount of the Losses, if known or reasonably capable of estimation, and the method of 

  
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computation of such Losses, all with reasonable particularity and containing a reference to the provisions of this Agreement in respect of which such Losses shall have occurred. If any action at
Law or suit in equity is instituted by or against a third party with respect to which the Indemnified Party intends to claim any liability as a Loss under this Article VII, the Indemnified Party shall promptly notify the Indemnifying Party of such
action or suit and tender to the Indemnifying Party the defense of such action or suit. A failure by the Indemnified Party to give notice and to tender the defense of the action or suit in a timely manner pursuant to this Section 7.4 shall not
limit the obligation of the Indemnifying Party under this Article VII, except (i) to the extent the rights of such Indemnifying Party is actually prejudiced thereby, (ii) to the extent expenses are incurred during the period in which
notice was not provided, and (iii) as provided by Section 7.1. In the event that the Indemnified Party commences an Action in order to recover Losses hereunder, upon final determination of a court of competent jurisdiction with respect
thereto, the non prevailing party in such Action shall reimburse the prevailing party’s reasonable costs and expenses (including reasonable attorney’s fees) incurred in connection with such Action. 

7.5 Third Party Claims 
 (a) The Indemnifying Party under this Article VII shall have the right, but not the obligation, to conduct and control, through counsel of its choosing, any third party claim, action, suit or proceeding
(a “Third Party Claim”), and the Indemnifying Party shall not consent to the entry of judgment or enter into any settlement with respect to a Third Party Claim without the prior written consent of the Indemnified Party (not to be
unreasonably withheld or delayed) unless the judgment or proposed settlement involves (i) only the payment of money, (ii) does not impose an injunction or other equitable relief upon the Indemnified Party and (iii) includes as a term
thereof the release of the Indemnified Party from all liability with respect to such Third Party Claim. No Indemnified Party may compromise or settle any Third Party Claim for which it is seeking indemnification hereunder without the consent of the
Indemnifying Party (which shall not be unreasonably withheld). The Indemnifying Party shall permit the Indemnified Party to participate in, but not control, the defense of any such action or suit through counsel chosen by the Indemnified Party;
provided that the fees and expenses of such counsel shall be borne by the Indemnified Party; provided, further, that such Indemnified Party shall have the right to employ separate counsel and to participate in the defense of
such action or proceeding, the reasonable fees and expenses of such separate counsel to be borne by the Indemnifying Party if, but only if, there is a conflict of interest between the Indemnified Party and the Indemnifying Party in the conduct of
the defense of such Third Party Claim. If the Indemnifying Party elects not to control or conduct the defense or prosecution of a Third Party Claim, the Indemnified Party shall control and conduct (at the Indemnifying Party’s expense) the Third
Party Claim and the Indemnifying Party nevertheless shall have the right to participate in the defense or prosecution of any Third Party Claim and, at its own expense, to employ counsel of its own choosing for such purpose. 

(b) The Parties hereto shall cooperate in the defense or prosecution of any Third Party Claim, with such cooperation to include
(i) the retention and the provision to the Indemnifying Party records and information that are reasonably relevant to such Third Party Claim, and (ii) the making available of employees on a mutually convenient basis for providing
additional information and explanation of any material provided hereunder, and (iii) providing 

  
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such other information, documentation and assistance as may be reasonably requested by the Indemnifying Party. 
 (c) The Indemnified Party shall have the right to request that the Indemnifying Party seek to dismiss the Indemnified Party for any Third Party Claims and the Indemnifying Party shall use its commercially
reasonable effort to cause such dismissal. 
 (d) In the event that an Indemnifying Party makes any payment in respect of
Section 7.3(c), the Seller shall cause DISH to be subrogated to all of the Seller’s right, title and interest arising in respect thereof, including any right, title or interest in any Notes or under the Collateral Documents or any payments
in respect thereof under the Plan. 
 7.6 Mitigation of Losses. The Parties shall have a duty to mitigate any Losses to
the extent required by applicable Law. 
 ARTICLE VIII 
 CLOSING CONDITIONS 
 8.1 Conditions to Each Party’s Obligations to
Effect the Transactions Contemplated Hereby. The respective obligations of each Party to effect the transactions contemplated by Sections 2.1 and 2.2, shall be subject to the fulfillment, at or prior to the Implementation Date, of the condition
that no statute, rule, regulation, executive order, decree, ruling or injunction (temporary, preliminary or permanent) shall have been enacted, entered, promulgated or enforced by any Governmental Entity which prohibits the consummation of the
transactions contemplated hereby substantially on the terms contemplated hereby or has the effect of making the acquisition of the International Assets or the Priority Rights by DISH or any of its affiliates illegal. 

8.2 Conditions to the Obligations of the Seller to Effect the Transactions Contemplated Hereby. The obligations of the Seller to
effect the transactions contemplated by Sections 2.1 and 2.2, shall be further subject to the fulfillment at or prior to the Implementation Date of the following conditions, any one or more of which may be waived by the Seller in writing:

 (a) The representations or warranties of DISH set forth in the Agreement shall be true and correct in all material respects.

 (b) DISH shall have performed and complied in all material respects with all agreements and obligations required by this
Agreement to be performed and complied with by it on or prior to the Implementation Date. 
 (c) Unless the Implementation Date
shall be the date hereof, DISH shall have furnished a certificate of an executive officer of DISH to evidence compliance with the conditions set forth in Sections 8.2(a) and (b) of this Agreement. 

  
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 8.3 Conditions to the Obligations of DISH to Effect the Transactions Contemplated
Hereby. The obligations of DISH to effect the transactions contemplated hereby, other than the transactions contemplated by Sections 2.1 and 2.2, shall be further subject to the fulfillment at or prior to the Implementation Date of the following
conditions, any one or more of which may be waived by DISH in writing: 
 (a) The representations or warranties of the Seller
set forth in the Agreement shall be true and correct in all material respects. 
 (b) The Seller shall have performed and
complied in all material respects with all agreements and obligations required by this Agreement to be performed and complied with by it on or prior to the Implementation Date. 

(c) Unless the Implementation Date shall be the date hereof, the Seller shall have furnished a certificate of an executive officer of the
Seller to evidence compliance with the conditions set forth in Sections 8.3(a) and (b) of this Agreement. 
 (d) The
Investment Agreement Approval Order shall have been entered by the Bankruptcy Court. 
 8.4 Certificates. Unless the
Implementation Date shall be the date hereof, each of the Parties hereto will furnish to the other Party such certificates of such Party’s officers or others and such other documents to evidence fulfillment of the conditions set forth in this
Article VIII as the other Party may reasonably request. 
 ARTICLE IX 

CERTAIN TAX MATTERS 
 9.1 Purchase Price Allocation. The Parties shall endeavor in good faith, as soon as is reasonably practicable, to allocate the Purchase Price (and any other consideration provided by DISH pursuant
to this Agreement as determined for federal income tax purposes) among the ICO Claims, the Priority Rights, the Assets Call Right, the Restructuring Support Agreement, the License Agreement, the Transition Services Agreement, the Tax Matters
Agreement and the Call Right (and any other assets acquired by DISH pursuant to this Agreement as determined for federal income Tax purposes) (collectively, the “Acquired Assets”) based on the fair market value of the respective Acquired
Assets (such allocation, as agreed upon by the Parties, the “Purchase Price Allocation”). The Parties shall revise the Purchase Price Allocation from time to time as mutually agreed to take into account any Purchase Price adjustment
(including without limitation, any indemnification payment made pursuant to Article VII). Except as required by applicable Law, each Party shall (i) be bound by the Purchase Price Allocation, as revised from time to time, for purposes of
determining any Taxes, (ii) prepare and file, and cause its affiliates to prepare and file, its Tax Returns (including, without limitation, Internal Revenue Service Form 8594 and any comparable form under state, local or foreign Tax Law) on a
basis consistent with the Purchase Price Allocation, and (iii) take no position, and cause its affiliates to take no position, inconsistent with the Purchase Price Allocation on any applicable Tax Return, in any

  
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proceeding before any taxing authority or otherwise. Each Party agrees to notify the other Party in the event that any Governmental Entity takes or proposes to take a position for Tax purposes
that is inconsistent with the Purchase Price Allocation, as revised from time to time. 
 9.2 Transfer Taxes and Costs.
All transfer, sales, use, value added, stamp, recording, registration, excise, or other similar Taxes and any related fees (including all real estate, patent and trademark transfer taxes and recording and notarial fees, if any) incurred in
connection with this Agreement and the transactions contemplated hereby (collectively, “Transfer Taxes”) shall be borne one-half by the Seller and one-half by DISH. Except as required by applicable Law, DISH shall prepare, execute
and file all applicable Tax Returns and other documentation on a timely basis as may be required to comply with the provisions of any such Tax Laws with reasonable assistance from the Seller’s employees, at no additional expense to DISH and, to
the extent required by applicable Law, the Seller shall execute or join in the execution of any such Tax Returns or other documentation. DISH shall provide to the Seller, and the Seller shall provide to DISH, all exemption certificates or resale
certificates with respect to the Transfer Taxes that may be provided for under applicable Law. Such certificates shall be in the form, and shall be signed by the proper party, as provided under applicable Law. 

9.3 Pre-Closing Taxes. The Seller shall be liable for all Taxes relating to or arising out of (i) the ICO Claims imposed with
respect to any taxable period (or portion thereof) ending on or before the Implementation Date, (ii) the Priority Rights imposed with respect to any taxable period (or portion thereof) ending on or before the Closing Date, and (iii) the
International Assets imposed with respect to any taxable period (or portion thereof) ending on or before the Assets Call Closing Date. 
 9.4 Prorations. All Taxes other than Transfer Taxes or Taxes based upon or related to income or receipts, including but not limited to, all personal property taxes, ad valorem obligations and
similar taxes imposed on a periodic basis, in each case levied with respect to the International Assets for a taxable period which includes (but does not end on) the Assets Call Closing Date, shall be apportioned between the Seller and DISH as of
the Assets Call Closing Date based on the number of days in such taxable period prior to the Assets Call Closing Date (the “Pre-Closing Period”) and the number of days in such taxable period following the Assets Call Closing Date
(the “Post-Closing Period”). The Seller shall be liable for the proportionate amount of such Taxes that is attributable to the Pre-Closing Period. Within ninety (90) days after the Assets Call Closing Date, the Seller and DISH
shall present a reimbursement to which each is entitled under this Section 9.4 together with such supporting evidence as is reasonably necessary to calculate the proration amount. The proration amount shall be paid by the Party owing it to the
other within ten (10) days after delivery of such statement. Thereafter, the Seller shall notify DISH upon receipt of any bill for personal property Taxes relating to the International Assets, part or all of which are attributable to the
Post-Closing Period, and shall promptly deliver such bill to DISH who shall pay the same to the appropriate taxing authority, provided that if such bill covers the Pre-Closing Period, the Seller shall also remit, prior to the due date of assessment,
to DISH payment for the proportionate amount of such bill that is attributable to the Pre-Closing Period. In the event that either the Seller or DISH shall thereafter make a payment for which it is entitled to reimbursement under this
Section 9.4, the other Party shall make such reimbursement promptly but in no event later than thirty (30) days after the presentation of a statement setting forth the amount of reimbursement to which the presenting

  
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Party is entitled along with such supporting evidence as is reasonably necessary to calculate the amount of reimbursement. Any payment required under this Section 9.4 and not made within ten
(10) days of delivery of the statement shall bear interest at the rate per annum determined, from time to time, under the provisions of Section 6621(a)(2) of the Code for each day until paid. 

9.5 Cooperation on Tax Matters. DISH and the Seller shall cooperate fully, as and to the extent reasonably requested by the other
Party, and shall retain and (upon the other Party’s request) furnish or cause to be furnished to the other Party, as promptly as practicable, such information and assistance relating to the ICO Claims, the Priority Rights and the International
Assets as is reasonably necessary for the preparation and filing of any Tax Return, claim for refund or other required or optional filings relating to Tax matters, for the preparation for any Tax audit, for the preparation for any Tax protest, or
for the prosecution or defense of any suit or other proceeding relating to Tax matters. Such cooperation shall also include making employees available on a reasonable and mutually convenient basis to provide additional information and explanation of
any material provided hereunder. 
 ARTICLE X 
 TERMINATION AND ABANDONMENT 
 10.1 Termination. This Agreement may
be terminated at any time: 
 (a) by mutual consent of the Parties; 

(b) by either Party if the Investment Agreement Approval Order has not been entered by the Bankruptcy Court on or prior to March 25,
2011, unless prior to such date DISH has waived in writing the condition contained in Section 8.3(d) and the Implementation Date has occurred; 
 (c) by either Party upon material breach by the other Party of any of their respective representations, warranties, covenants or agreements made herein which (A) would give rise to a failure of a
condition to the terminating Party’s obligation hereunder, and (B) cannot be cured by the breaching Party prior to the Implementation Date; provided, that the terminating Party shall not have the right to terminate this Agreement
pursuant to this Section 10.1(c) if it is then in material breach of any of its representations, warranties, covenants or other agreements hereunder and such breach would give rise to the failure of a condition to the obligation of the other
Party; or 
 (d) by either Party prior to the Implementation Date (i) if a statute, rule, regulation or executive order
shall have been enacted, entered or promulgated prohibiting the consummation of the transactions contemplated by this Agreement on the terms contemplated hereby; or (ii) if an order, decree, ruling or injunction shall have been entered
permanently restraining, enjoining or otherwise prohibiting the consummation of the transactions contemplated by this Agreement on the terms contemplated hereby and such order, decree, ruling or injunction shall have become final and non-appealable;
provided, that the Party seeking to terminate this Agreement pursuant to this Section 10.1(d)(ii) shall have used its reasonable best 

  
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efforts to remove such order, decree, ruling or injunction and shall not be in violation of Section 5.4; provided, further, that a Party shall not have a right to terminate
this Agreement pursuant to this Section 10.1(d) if such Party has breached in any material respect any of its obligations under this Agreement in any manner that has been a principal cause of or resulted in the failure to consummate the
transactions contemplated hereby. 
 10.2 Procedure and Effect of Termination. In the event of termination of this
Agreement and abandonment of the transactions contemplated hereby by either or both of the Parties pursuant to Section 10.1, written notice thereof shall forthwith be given to the other Party and this Agreement shall terminate and the
transactions contemplated hereby shall be abandoned, without further action by either of the Parties hereto. If this Agreement is terminated as provided herein: 
 (a) upon request therefor, each Party will redeliver all documents, work papers and other material of any other Party relating to the transactions contemplated hereby, whether obtained before or after the
execution hereof, to the Party furnishing the same; 
 (b) each Party hereto will use its best efforts to prevent disclosure to
third parties of all information received by either Party with respect to the business of the other Party or its affiliates (other than information which is a matter of public knowledge or which has heretofore been or is hereafter published in any
publication for public distribution or filed as public information with any Governmental Entity except (i) as may be required by Law; and (ii) as is permitted by this Agreement; and 

(c) neither Party hereto shall have any liability or further obligation to the other Party to this Agreement pursuant to this Agreement,
and the transfer contemplated by Section 2.1(a) hereof shall be deemed to be null and void. 
 ARTICLE XI 

MISCELLANEOUS PROVISIONS 
 11.1 Amendment and Modification. Subject to applicable Law, and unless otherwise expressly set forth herein, this Agreement may be amended, modified or supplemented only by written agreement of the
Seller and DISH at any time prior to the Closing Date with respect to any of the terms contained herein. 
 11.2 Waiver of
Compliance; Consents. Except as otherwise provided in this Agreement, any failure of either of the Parties to comply with any obligation, covenant, agreement or condition herein may be waived by the Party entitled to the benefits thereof only by
a written instrument signed by the Party granting such waiver, but such waiver or failure to insist upon strict compliance with such obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any
subsequent or other failure. Whenever this Agreement requires or permits consent by or on behalf of a Party, such consent shall be given in writing in a manner consistent with the requirements for a waiver of compliance as set forth in this
Section 11.2. 

  
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 11.3 Notices. All notices or other communications required or permitted to be given
hereunder shall be in writing and shall be delivered by hand or sent by facsimile or sent, postage prepaid, by registered, certified or express mail or overnight courier service and shall be deemed given when received, at the following addresses (or
at such other address for a Party as shall be specified by like notice): 
  

	 	(i)	if to DISH, 

9601 South Meridian Boulevard 
 Englewood, Colorado 80112 
 Attention: General Counsel 

Facsimile:(303) 723-1699 
 with a copy to: 
 Skadden Arps Slate Meagher & Flom LLP

 4 Times Square 
 New York, New York 10036-6522 
 Attention: Jay M. Goffman, Esq.

 J. Eric Ivester, Esq. 
 Howard L. Ellin, Esq. 
 Sean C. Doyle, Esq. 

Facsimile: (212) 735-2000 
  

	 	(ii)	if to the Seller, 

ICO Global Communications (Holdings) Limited 

2300 Carillon Point 
 Kirkland, Washington 98033 
 Attention: General Counsel 

Telephone: (425) 828-8404 
 Facsimile:(425) 828-8061 
 with a copy to: 

Morrison & Foerster LLP 
 425 Market Street 
 San Francisco, California, 94105 

Attention: Robert Townsend 
 Telephone: (415) 268-7080 
 Facsimile:(415) 268-7522

 11.4 Assignment. This Agreement and the rights and obligations hereunder will not be assignable or transferable by any
party without the prior written Consent of the other Party hereto. Notwithstanding the foregoing, (a) DISH may assign any portion or all of its rights hereunder to one or more of its affiliates without the prior written consent of the Seller
and (b) DISH may assign any portion or all of its rights hereunder by way of security; provided, however, 

  
 30 

 
that such assignment shall not relieve DISH of any of its obligations hereunder. Any attempted assignment in violation of this Section 11.4 will be void. Subject to the preceding sentences,
this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns. 
 11.5 Parent and Designated Affiliates and Subsidiaries. Anything in this Agreement to the contrary notwithstanding, the Seller agrees that DISH may cause its subsidiaries designated by DISH to
carry out all or part of the transactions contemplated by this Agreement or own or take possession of any International Assets at the discretion of DISH or its parent without further approval of the Seller; provided, however,
that no such designation shall affect or diminish the liability of DISH under this Agreement. 
 11.6 No Third-Party
Beneficiaries. This Agreement is for the sole benefit of the Parties hereto and their permitted assigns and nothing herein expressed or implied shall give or be construed to give to any person, other than the parties hereto and such assigns, any
legal or equitable rights hereunder. 
 11.7 Consent to Jurisdiction. Each Party hereto (i) consents to submit
itself to the exclusive jurisdiction and venue of any state court or any Federal court located in the City of New York, Borough of Manhattan, in the event any dispute arises out of this Agreement or any transaction contemplated hereby,
(ii) agrees that it will not attempt to deny or defeat such exclusive jurisdiction by motion or other request for leave from any such court and (iii) agrees that it will not bring any action relating to this Agreement or any transaction
contemplated hereby other than in any state court or any Federal court sitting in the City of New York, Borough of Manhattan. Each of the Parties to this Agreement irrevocably consents to service of process in the manner provided for delivering
notices in Section 11.3. Nothing in this Agreement will affect the right of any Party to this Agreement to serve process in any other manner permitted by applicable Law. Each Party further agrees that service of any process, summons, notice or
document to such Party’s respective address set forth above shall be effective service of process for any action, suit or proceeding in New York with respect to any matters to which it has submitted to jurisdiction in this Section 11.7.

 11.8 Governing Law. This Agreement shall be governed by the laws of the State of New York (regardless of the laws that
might otherwise govern under applicable principles of conflicts of law) as to all matters, including, but not limited, to matters of validity, construction, effect, performance and remedies. 

11.9 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. 
 11.10 Interpretation. When a reference is made in this
Agreement to an Article, Section or Exhibit, such reference shall be to an Article of, a Section of, or an Exhibit to, this Agreement unless otherwise indicated. The table of contents and headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include”, “includes”, “including” or “such as” are used in this Agreement, they shall be
deemed to be followed by the words “without 

  
 31 

 
limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall.” The words “hereof”, “herein” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The word “or” shall not be exclusive. The word “extent”
in the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply “if”. As used in this Agreement: (i) the term “person” shall mean and include an
individual, a partnership, a joint venture, a corporation, a trust, an unincorporated organization and a government or any department or agency thereof; (ii) the term “subsidiary” when used in reference to any other person shall mean
any corporation of which outstanding securities having ordinary voting power to elect a majority of the Board of Directors of such corporation are owned directly or indirectly by such other person; (iii) the term “affiliate” shall
have the meaning set forth in Rule 12b-2 of the General Rules and Regulations promulgated under the Exchange Act; provided that for purposes of this Agreement, the term “affiliate” shall not include any of the Debtors; and (iv) the
term “business day” means each day which is not a day on which banking institutions in New York, New York are authorized or obligated by law or executive order to close. Whenever used in this Agreement, any noun or pronoun shall be deemed
to include the plural as well as the singular and to cover all genders. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be
drafted. Unless a contrary intent is apparent, any contract, instrument or Law defined or referred to herein or in any contract or instrument that is referred to herein means such contract, instrument or Law as from time to time amended, modified or
supplemented, including (in the case of contracts or instruments) by waiver or consent and (in the case of law) by succession of comparable successor law and references to all attachments thereto and instruments incorporated therein. References to a
person are also to its permitted successors and assigns. 
 11.11 Entire Agreement. This Agreement, including the
exhibits hereto and the documents, schedules, certificates and instruments referred to herein embodies the entire agreement and understanding of the parties hereto in respect of the transactions contemplated by this Agreement. There are no
restrictions, promises, representations, warranties, covenants or undertakings, other than those expressly set forth or referred to herein or therein. This Agreement supersedes all prior agreements and understandings between the parties with respect
to such transactions. 
 11.12 Severability. If for any reason any term or provision of this Agreement is held to be
invalid or unenforceable, all other valid terms and provisions hereof shall remain in full force and effect, and all of the terms and provisions of this Agreement shall be deemed to be severable in nature. If for any reason any term or provision
containing a restriction set forth herein is held to cover an area or to be for a length of time which is unreasonable, or in any other way is construed to be too broad or to any extent invalid, such term or provision shall not be determined to be
null, void and of no effect, but to the extent the same is or would be valid or enforceable under applicable law, any court of competent jurisdiction shall construe and interpret or reform this Agreement to provide for a restriction having the
maximum enforceable area, time period and other provisions (not greater than those contained herein) as shall be valid and enforceable under applicable Law. 

  
 32 

 11.13 Specific Performance. The Parties hereto hereby agree that irreparable damage
would occur in the event that any provision of this Agreement was not performed in accordance with its specific terms or was otherwise breached, and that money damages or other legal remedies would not be an adequate remedy for any such damages.
Accordingly, the Parties hereto acknowledge and hereby agree that in the event of any breach or threatened breach by the Seller, on the one hand, or DISH, on the other hand, of any of their respective covenants or obligations set forth in this
Agreement, the Seller, on the one hand, and DISH, on the other hand, shall, in addition to any other remedies which may be available to them, be entitled to an injunction or injunctions to prevent or restrain breaches or threatened breaches of this
Agreement by the other (as applicable), and to specifically enforce the terms and provisions of this Agreement to prevent breaches or threatened breaches of, or to enforce compliance with, the covenants and obligations of the other under this
Agreement, in all cases without any requirement to post any bond in connection therewith. The Seller, on the one hand, and DISH, on the other hand, hereby agree not to raise any objections to the availability of the equitable remedy of specific
performance to prevent or restrain breaches or threatened breaches of this Agreement by the Seller, on the one hand, or DISH, on the other hand. 
 11.14 Waiver of Jury Trial. Each party hereby waives to the fullest extent permitted by applicable Law, any right it may have to a trial by jury in respect to any litigation directly or indirectly
arising out of, under or in connection with this Agreement or any transaction contemplated hereby. Each party (a) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other
party would not, in the event of litigation, seek to enforce the foregoing waiver and (b) acknowledges that it and the other parties hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and
certifications in this Section 11.14. 
 11.15 No Recourse. Notwithstanding anything that may be expressed or
implied in this Agreement or any document or instrument in connection herewith or therewith or otherwise, the Parties each acknowledge and agree that it has no right of recovery against, and no personal liability shall attach to, the former, current
or future directors, officers, employees, agents, advisors, attorneys, representatives, affiliates, general or limited partners, securityholders, members, managers, trustees or controlling persons of the other Party (or any of their successors or
assigns) or any affiliate thereof or any former, current or future director, officer, employee, agent, advisor, attorney, representative, affiliate, general or limited partner, securityholder, member, manager, trustee or controlling person of any of
the foregoing (or any of their successors or assigns) or any affiliate thereof (collectively, the “Releasees”), through the other Party or otherwise, whether by or through attempted piercing of the corporate veil, by or through a
claim by or on behalf of the other Party against the Releasees by or through this Agreement, by the enforcement of any judgment or assessment or by any legal or equitable proceeding, by virtue of any statute, regulation or applicable Law, or
otherwise. 

  
 33 

 IN WITNESS WHEREOF, the Seller and DISH have caused this Agreement to be signed by their
respective duly authorized officers as of the date first above written. 
  

			
	DISH NETWORK CORPORATION
		
	By:	 	/s/ Robert Rehg
		 	Name: Robert Rehg
		 	Title: SVP
	
	 ICO GLOBAL COMMUNICATIONS
 (HOLDINGS) LIMITED

		
	By:	 	/s/ Benjamin Wolff
		 	Name: Benjamin Wolff
		 	Title President and Chief Executive Officer

 [Signature Page to the Implementation Agreement] 

 Exhibit A 

Bill of Sale 

 EXECUTION VERSION 

BILL OF SALE AND ASSIGNMENT 
 This BILL OF SALE AND ASSIGNMENT (this “Bill of Sale”), made, executed and delivered on
[                    ] by ICO Global Communications, a Delaware corporation (“Seller”). Capitalized terms used but not
otherwise defined herein shall have the meaning ascribed thereto in the Agreement (as defined below). 
 W I T N E S S E T H:

 WHEREAS, Seller and DISH Network Corporation (“Buyer”) are parties to the Implementation Agreement, dated as
of March 15, 2011 (the “Agreement”), providing the Buyer, among other things, an option to acquire all but no less than all of the Seller’s International Assets; 

WHEREAS, Buyer and Seller now desire to carry out the intent and purpose of the Agreement by Seller’s execution and delivery to
Buyer of this Bill of Sale evidencing the sale, transfer, conveyance, assignment and delivery to Buyer of all but no less than all of the International Assets as described in Schedule 1 attached hereto (the “Transferred Assets”);
and 
 WHEREAS, it is the parties’ intention to reflect the entirety of the sale, transfer, conveyance, assignment and
delivery of the Transferred Assets by the execution of this Bill of Sale. 
 NOW, THEREFORE, in consideration of the foregoing
premises and mutual covenants and agreements contained herein and in the Agreement and for other good and valuable consideration, the receipt, adequacy and legal sufficiency of which are hereby acknowledged, Seller does hereby irrevocably and
unconditionally, effective as of the Assets Call Closing Date or Asset Put Closing Date, as applicable (the “Transfer Date”), corresponding to this Bill of Sale, convey, sell, transfer, grant, assign and deliver unto Buyer and its
successors and assigns, forever, all of Seller’s right, title and interest in, to and under the Transferred Assets, subject to the terms and conditions of the Agreement. 
 TO HAVE AND TO HOLD the Transferred Assets, unto Buyer, its successors and assigns, FOREVER. From and after the Transfer Date, Seller shall have no right, title or interest in or to the Transferred
Assets. 
 Seller hereby constitutes and appoints Buyer as its true and lawful attorney in fact in connection with the
transactions contemplated by this Bill of Sale, with full power of substitution, in the name and stead of Seller but on behalf of and for the benefit of Buyer, to demand and receive the Transferred Assets hereby conveyed, assigned and transferred,
and to give receipt and releases for and in respect of the same and any part thereof, and from time to time to institute and prosecute, in the name of Seller or otherwise, for the benefit of Buyer, proceedings at law, in equity or otherwise, which
Buyer reasonably deems proper in order to collect or reduce to possession or endorse any of the Transferred Assets, and to do all acts and things in relation to the Transferred Assets which Buyer reasonably deems desirable. Subject to the foregoing,
from time to time, at Buyer’s request and without further consideration, Seller shall execute and deliver to Buyer such 

 
other instruments of sale, transfer, conveyance, assignment and confirmation, provide such materials and information and take such other actions as reasonably necessary in order to more
effectively transfer, convey and assign to Buyer, and to confirm or perfect the title of Buyer to the Transferred Assets and to assist Buyer in exercising and protecting all rights with respect thereto. 

In the event that any provision of this Bill of Sale is constructed to conflict with a provision in the Agreement, the provision in the
Agreement shall be deemed to be controlling. 
 This Bill of Sale shall be governed by and construed in accordance with the laws
of the State of New York without regard to its conflicts of laws principles that would mandate the application of the laws of another jurisdiction. 

 IN WITNESS WHEREOF, this Bill of Sale has been duly executed and delivered by a duly
authorized representative of Seller on the date first above written. 
  

			
	ICO GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED
		
	By	 	 
		 	Name:
		 	Title:

 [Signature Page to Bill of
Sale] 

 Exhibit B 

License Agreement 

 EXECUTION VERSION 

AMENDED AND RESTATED LICENSE AND SPECTRUM COORDINATION AGREEMENT 

This Amended and Restated License and Spectrum Coordination Agreement (“Agreement”) is entered into as of __________,
2011 (“Execution Date”) by and between ICO Global Communications (Operations) Limited, a Cayman Islands company, with offices at 2300 Carillon Point, Kirkland, WA 98033 U.S.A. (“Licensee”), and DBSD Services Limited
(f/k/a ICO Services Limited), a corporation formed under the laws of England and Wales, with offices at 269 Argyll Avenue, Slough Trading Estate, Slough, Berkshire SL1 4HE, Great Britain (“Licensor”). The parties hereto are
sometimes collectively referred to as the “Parties” and individually referred to as a “Party.” 

RECITALS 

WHEREAS, Licensee and Licensor entered into that certain License Agreement dated as of August 3, 2005 (“Original License
Agreement”); 
 WHEREAS, Licensor officially changed its name to “DBSD Services Limited” effective
May 14, 2009; 
 WHEREAS, DBSD North America Inc. (“DBSD”) and 3421554 Canada Inc., DBSD Satellite
Management, LLC, DBSD Satellite North America Limited, DBSD Satellite Services G.P., DBSD Satellite Services Limited, DBSD Services Limited, New DBSD Satellite Services G.P., and SSG UK Limited (collectively, the “Debtors”) have
commenced voluntary cases under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York, jointly administered under Case No. 09-13061 (the “Chapter 11
Cases”); 
 WHEREAS, DISH Network Corporation (“DISH“) and DBSD entered into an Amended and Restated
Investment Agreement dated as of February 24, 2011 (the “Investment Agreement”), between DBSD and DISH, amending and restating the Investment Agreement dated as of February 1, 2011, between DBSD and DISH on the terms and
conditions set forth in the term sheet for a plan of reorganization for the Debtors (the “Plan Term Sheet”) attached to the Investment Agreement as an exhibit; 

WHEREAS, DBSD and DISH intend to consummate the restructuring on the terms and conditions set forth in the Investment Agreement and in
the Plan Term Sheet through, among other things, a chapter 11 plan of reorganization in form and substance consistent in all material respects with the Plan Term Sheet to the Investment Agreement and which otherwise shall be in form and substance
reasonably satisfactory to DISH (the “Plan”) which will be filed in the Chapter 11 Cases, along with a disclosure statement describing the Plan in form and substance not inconsistent with the Plan Term Sheet or the Investment
Agreement; and 
 WHEREAS, in connection with the Plan, Licensee and Licensor now desire to update the Original License
Agreement to reflect Licensor’s name change and to include some additional terms, and therefore desire to amend and restate the Original License Agreement in its entirety. 

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, Licensee and Licensor hereby agree as follows: 
 AGREEMENT 

1. DEFINITIONS. 
 1.1 “Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common
control with, such specified Person. For purposes of this definition, “control” (including the terms “controlled by” and “under control with”) with respect to the relationship between or among two or more Persons, means
the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person whether through the ownership of securities, as trustee or executor, by contract or otherwise, including the ownership,
directly or indirectly, of securities having the power to elect a majority of the board of directors or similar body governing the management and policies of such Person (whether or not another Person has similar rights upon the occurrence of
specified events). For purposes of this Agreement, no Debtors shall be considered Affiliates of Licensee. 
 1.2
“DBSD Territory” means the United States, Canada, and Puerto Rico, and the ‘spill over’ areas including the adjacent coastal waters, into the Atlantic and Pacific Oceans, Mexico and the Caribbean. 

1.3 “Effective Date of the Agreement” is defined in Section 7.1 of this Agreement. 

1.4 “Enabled Satellite” means any satellite that was owned by Licensee or any of its Subsidiaries on the
Effective Date of the Agreement and (a) continues to be owned by Licensee or any of its Subsidiaries, or (b) has subsequently been transferred to a Licensee Transferee. 

1.5 “GEO Satellite” is defined in Section 8.1 of this Agreement. 

1.6 “ITU” means the International Telecommunication Union. 

1.7 “License” is defined in Section 2 of this Agreement. 

1.8 “Licensed Patent” means (a) all patents and pending patent applications assigned to Licensor as of the
effective date of the Original License Agreement that are related to communications, including the list of patents and patent applications in Schedule A to the Original License Agreement, and (b) all patent applications (and patents issuing
thereon) assigned to Licensor and entitled to the priority date of the patents and patent applications described in (a), including the list of patents and patent applications in Schedule A to this Agreement. 

1.9 “Licensed Product” means any product, system, combination, or other article which is, or the use of which is,
covered by one or more Licensed Patents. 

  
 2 

 1.10 “Licensed Process” means any process covered by one or more
Licensed Patents. 
 1.11 “Licensee’s Business” means, from and after the Effective Date of this
Agreement, (a) the business of Licensee and its Subsidiaries as such business may be conducted by Licensee or its Subsidiaries from time to time and (b) a Licensee Transferee’s operation or deployment of an Enabled Satellite
(i.e., no aspect of the business of any Licensee Transferee is licensed hereunder except the operation and deployment of an Enabled Satellite). “Licensee’s Business” shall never include offering or granting a license or a
sublicense to the Licensed Patents to any person or entity (except for a transfer of this Agreement in whole or in part to a Licensee Transferee as expressly set forth in Section 8.4(c) (Assignment) below). 

1.12 “Licensee Transferee” is defined in Section 8.4(c) of this Agreement. 

1.13 “Licensor Transferee” is defined in Section 8.4(b) of this Agreement. 

1.14 “Ofcom” is defined in Section 5.1(a) of this Agreement. 

1.15 “Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, governmental authority or other entity. 
 1.16 “Priority Rights”
means any and all rights for the operation of satellites in certain frequency bands that Licensee holds, directly or indirectly, as a result of filings made on behalf of Licensee or any of its Affiliates or their respective predecessors in interest
with the ITU and/or as a result of any licenses issued to Licensee or any of its Affiliates by any governmental administration, including without limitation the United Kingdom. 

1.17 “Subsidiary” means any corporation, company, or other entity more than fifty percent (50%) of whose
outstanding shares or stock entitled to vote for the election of directors (other than any shares or stock whose voting rights are subject to restriction) is owned or controlled by either Party hereto, directly or indirectly, now or hereafter but
only so long as such Subsidiary is owned or controlled by a Party hereto. Any entity shall be deemed to be a Subsidiary under this Agreement at any time the requisite conditions of being a Subsidiary are met. Licensee’s Subsidiaries shall not
include any of the Debtors or the Debtors’ Subsidiaries. 
 1.18 “Systems” is defined in
Section 8.1 of this Agreement. 
 2. LICENSE GRANTS. Subject to the terms
of this Agreement, Licensor grants to Licensee and its Subsidiaries a nontransferable (except for a transfer of this Agreement in whole or in part to a Licensee Transferee as expressly set forth in Section 8.4(c) (Assignment) below),
non-sublicensable, nonexclusive, royalty-free, fully paid-up right and license under the Licensed Patents, to practice the Licensed Patents in the Geographic Territory (defined below) in connection with Licensed Products, Licensed Processes, and
Enabled Satellites, in the course of Licensee’s Business (the “License”). The “Geographic Territory” shall include all parts of the world other than the United States, Puerto Rico, the U.S. Virgin Islands, and Canada.
The foregoing License shall include immunity for customers of Licensee or its Subsidiaries with respect to their use of Licensed Products, Licensed Processes, and Enabled Satellites in the 

  
 3 

 
Geographic Territory. For avoidance of doubt: (i) it shall be a material breach of this agreement for Licensee or any of its Subsidiaries or any Licensee Transferee to practice the Licensed
Patents in the United States, Puerto Rico, the U.S. Virgin Islands, or Canada and (ii) Licensee and its Subsidiaries have no right to offer or grant a license or a sublicense to the Licensed Patents to any person or entity (except for a
transfer of this Agreement in whole or in part to a Licensee Transferee as expressly set forth in Section 8.4(c) (Assignment) below). 
 3. OWNERSHIP. Licensor shall retain ownership of all right, title and interest in and to the Licensed Patents, subject to the license rights granted herein.
Except for the non-exclusive licenses in and to the Licensed Patents expressly granted in this Agreement, no other rights in Licensed Patents are granted to Licensee under this Agreement. Nothing in this Agreement shall affect Licensor’s rights
to transfer its ownership in any or all of the Licensed Patents subject to the terms of this Agreement; for purposes of clarity, Licensor may transfer its ownership in any or all of the Licensed Patents without consent of Licensee, any Subsidiary of
Licensee, or any Licensee Transferee. 
 4. NO ADDITIONAL FEES AND
PAYMENTS. The rights and licenses granted under this Agreement are royalty-free and fully paid-up and there shall be no fees or payments due either Party under this Agreement. All costs and expenses relating to the
obligations of either Party shall be borne by the Party incurring such expenses. 
 5. REPRESENTATION
AND WARRANTY; DISCLAIMER. 
 5.1 Licensee hereby
represents and warrants that: 
  

	 	(a)	The conveyance by Licensee of Priority Rights pursuant to this agreement for the operation of satellites and/or ancillary terrestrial component systems in the DBSD
Territory, and the granting of covenants regarding interference with such operations, as contemplated in Section 8.1, will not conflict with or result in any breach of any agreement to which Licensee is a party or by which Licensee is
bound (including without limitation all agreements with Jay and Jayendra (Pty) Ltd.). 

  

	 	(b)	Neither Licensee nor any of its Subsidiaries owns, or has the right to grant a license or sublicense to, any patents or pending patent applications that are used in or
necessary for the business of Licensor and its Subsidiaries as such business may be conducted by Licensor or its Subsidiaries as of or following the Effective Date. 

5.2 EXCEPT AS EXPRESSLY SET FORTH IN SECTION 5.1, NEITHER PARTY MAKES ANY REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS,
IMPLIED OR STATUTORY, REGARDING THIS AGREEMENT, AND EACH PARTY SPECIFICALLY DISCLAIMS ALL SUCH WARRANTIES, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, VALIDITY AND NONINFRINGEMENT. WITHOUT
LIMITING THE GENERALITY OF THE FOREGOING, LICENSEE ACKNOWLEDGES AND AGREES 

  
 4 

 
THAT THE LICENSE GRANTED IN THIS AGREEMENT AND THE LICENSED PATENTS ARE PROVIDED “AS IS.” 
 6. LIMITATION OF LIABILITY. TO THE MAXIMUM EXTENT PERMITTED BY LAW, NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY INDIRECT,
INCIDENTAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY OR SPECIAL DAMAGES, INCLUDING WITHOUT LIMITATION LOST PROFITS OR REVENUE, WHETHER OR NOT SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND WHETHER OR NOT SUCH DAMAGES COULD HAVE BEEN
FORESEEN OR PREVENTED. 
 7. TERM AND TERMINATION. 

7.1 TERM. The term of this Agreement shall commence on the “Effective Date” of the
Plan, as such date is defined and established pursuant to the terms of the Plan (“Effective Date of the Agreement”) and shall continue in full force and effect, subject only to termination as expressly set forth in
Section 7.2, until: (a) all Licensed Patents and any other proprietary and legal rights in or to the Licensed Patents have expired or ended, and (b) the Priority Rights have expired or been terminated by the International
Telecommunication Union. Notwithstanding the foregoing and unless earlier terminated as expressly set forth in Section 7.2, the License shall terminate on the date on which all Licensed Patents and any other proprietary and legal rights
in or to the Licensed Patents have expired or ended. 
 7.2 TERMINATION. Licensor
may terminate, at its option, any or all of Licensee’s rights, any or all of the rights of any Licensee Subsidiary, or any or all of the rights of any Licensee Transferee hereunder upon written notice to the Licensee, such Licensee Subsidiary,
or such Licensee Transferee, as applicable, at any time upon or after: 
  

	 	(a)	the filing by Licensee, such Licensee Subsidiary, or such Licensee Transferee of a petition in bankruptcy or insolvency; 

 

	 	(b)	any adjudication that Licensee, such Licensee Subsidiary, or such Licensee Transferee is bankrupt or insolvent; 

 

	 	(c)	the filing by Licensee, such Licensee Subsidiary, or such Licensee Transferee of any petition or answer seeking reorganization, readjustment, or arrangement of its
business under any law relating to bankruptcy or insolvency; 

  

	 	(d)	the appointment of a receiver for all or substantially all of Licensee’s, such Licensee Subsidiary’s, or such Licensee Transferee’s property;

  

	 	(e)	the making by Licensee, such Licensee Subsidiary, or such Licensee Transferee of any assignment for the benefit of creditors; 

 

	 	(f)	the institution of any proceedings for the liquidation or winding up of Licensee’s, such Licensee Subsidiary’s, or such Licensee Transferee’s business or
for the termination of its corporate charter; 

  
 5 

	 	(g)	Licensee, such Licensee Subsidiary, or such Licensee Transferee commits a material breach of this Agreement (including but not limited to a breach of its obligations
under Section 8.1 of this Agreement, or practicing the Licensed Patents in the United States, Puerto Rico, the U.S. Virgin Islands or Canada) and does not correct such breach within thirty (30) days after receiving written notice
from Licensor complaining thereof. 

 For the avoidance of doubt, the termination by Licensor pursuant to this
Section 7.2 of any or all of the rights of Licensee, any Licensee Subsidiary, or any Licensee Transferee hereunder shall not operate to terminate the rights of any other Person granted rights hereunder in the absence of the applicability
of one or more of the foregoing clauses (a) through (g) to such other Person. 
 7.3 Survival. The
following Sections shall survive termination or expiration of this Agreement: Section 1 (Definitions), Section 3 (Ownership), Section 5 (Disclaimer of Warranties), Section 6 (Limitation of Liability),
and Section 8 (Miscellaneous). Any termination of Licensee’s rights hereunder pursuant to Section 7.2 shall not affect the rights of any Licensee Transferee which became a Licensee Transferee prior to such termination in
accordance herewith. 
 8. MISCELLANEOUS. 

8.1 Spectrum Coordination. In connection with the operation of the Enabled Satellites by Licensee, any Licensee Subsidiary
and any Licensee Transferee, and operation of the Licensor’s geostationary-orbit satellite (the “GEO Satellite” and together with the Enabled Satellites and any ancillary terrestrial component thereto, the
“Systems”) by Licensor and any Licensor Transferee, from and after the Effective Date of the Agreement, the Parties agree as follows: 
  

	 	(a)	Licensee will accept, and bind any successor(s)-in-interest to any Priority Rights to accept, any and all interference in the DBSD Territory from any System, satellite
system and/or ancillary terrestrial component system operated by Licensor or any Licensor Transferee for service in the DBSD Territory, now or in the future, notwithstanding any Priority Rights. 

 

	 	(b)	To the fullest extent allowed by the option agreement between Licensee and Jay & Jayendra (Pty) Ltd, dated February 9, 2011, with respect to operations of
Licensee or its successors-in-interest in territories outside the DBSD Territory, and without any limitation to Licensee’s obligations with respect to operations of Licensee or its successors-in-interest in the DBSD Territory: Licensee will not
cause, and will bind any successor(s)-in-interest to any Priority Rights to not cause, any harmful interference into any System, satellite system and/or ancillary terrestrial component system operated by DBSD or any Licensor Transferee for service
in the DBSD Territory, including without limitation into any mobile High Definition video carriers, now or in the future, notwithstanding any Priority Rights. 

  
 6 

	 	(c)	“Harmful interference” into a communications link, including without limitation into a mobile High Definition video carrier, means interference that degrades
the Carrier-to-Interference ratio of that link by 6% or more or interference that reduces the availability of that link by 0.1% or more. 

  

	 	(d)	Licensee shall not assert, and will bind any successor(s)-in-interest not to assert, any Priority Rights against Licensor concerning interference into the DBSD
Territory. 

  

	 	(e)	For purposes of clarity, Jay and Jayenda (Pty) Ltd. and its Affiliates are considered Licensee’s successors-in-interest under this provision.

  

	 	(f)	The agreements and commitments contained in this Section 8.1 shall be binding on (i) Licensee, any Licensee Subsidiaries and any Licensee Transferees,
irrespective of the manner by which Licensee’s Business and/or the Enabled Satellites operating on Licensee’s System are transferred to such Licensee Subsidiaries or Licensee Transferees, and (ii) Licensor and any Licensor
Transferees, irrespective of the manner by which Licensor’s business and/or the GEO Satellite operating on Licensor’s System are transferred to such Licensor Transferees. 

 

	 	(g)	The Parties shall work together in good faith, following the Effective Date of the Agreement, to jointly formulate a more detailed operational agreement consistent with
the terms of this Section 8.1 and to deliver such coordination agreement not later than one (1) year after the Effective Date of the Agreement, and provided that this Section 8.1 shall remain in full force and effect
until such operational agreement is effective, or if such operational agreement is not reached or does not become effective. 

 8.2 Governing Law. This Agreement shall be governed by the laws of the State of New York without reference to any conflict of laws principles that would require the application of the laws
of any other jurisdiction. 
 8.3 Entire Agreement. This Agreement constitutes the entire Agreement and
understanding between the Parties and supersedes any prior agreement and understanding relating to the subject matter of this Agreement. For the avoidance of doubt, the terms and conditions of the Original License Agreement shall be and remain in
full force and effect from the Execution Date thereof until the Effective Date of the Agreement. As of the Effective Date of the Agreement, this Agreement shall supersede and replace in its entirety the Original License Agreement, and the Original
License Agreement shall terminate. This Agreement may be modified or amended only by a written instrument executed by the Parties. 
 8.4 Assignment. Neither Party may assign any of its rights or subcontract or otherwise delegate any of its duties under this Agreement to any third party without the prior written consent of
the other Party, which may be given or withheld in the other Party’s sole discretion. Notwithstanding the foregoing: 

  
 7 

	 	(a)	Nothing in this Agreement shall affect Licensor’s rights to transfer its ownership in any or all of the Licensed Patents subject to the terms of this Agreement;
for purposes of clarity, Licensor may transfer its ownership in any or all of the Licensed Patents without consent of Licensee, any Subsidiary of Licensee or any Licensee Transferee. 

 

	 	(b)	Licensor may, without the consent of Licensee, assign its rights and delegate its duties under this Agreement in connection with a merger, consolidation, change of
control, lease or sale of all or substantially all of its assets including its GEO Satellite (any Person assigned the Licensor’s rights under this Agreement is a “Licensor Transferee”); provided that:

  

	 	(i)	The Licensor Transferee agrees to be bound by the terms and conditions of this Agreement; 

 

	 	(ii)	The Licensor Transferee agrees to assume and perform the Licensor’s duties under this Agreement in connection with the GEO Satellite its acquires; and

  

	 	(iii)	Any Licensor Transferee may further assign its rights under this Agreement only in accordance with this Section 8.4(b). 

 

	 	(c)	Licensee may, without the consent of Licensor, assign this Agreement: (x) in whole, in connection with a merger, consolidation, change of control or sale of all
Enabled Satellites to the Person that results from such merger or consolidation or acquires control of the Licensee or possession of all Enabled Satellites or (y) in part, in connection with a sale of less than all Enabled Satellites to the
Person that acquires possession of the applicable Enabled Satellites (in each case, a “Licensee Transferee”); provided, that: 

  

	 	(i)	The Licensee Transferee agrees to be bound by the terms and conditions of this Agreement and delivers a signed copy of this agreement to the Licensor (in the case of a
sale of less than all Enabled Satellites, such copy to expressly apply only to the Enabled Satellite(s) being acquired); 

  

	 	(ii)	In the case of a sale of less than all Enabled Satellites, the Licensee Transferee shall receive only an assignment-in-part of the portion of this Agreement that
relates to the Enabled Satellite(s) it acquires; 

  

	 	(iii)	The Licensee Transferee agrees to assume and perform the Licensee’s duties under this Agreement in connection with the Enabled Satellite(s) it acquires;

  

	 	(iv)	The rights and License assigned to any Licensee Transferee shall only extend to the Enabled Satellite(s) it acquires (and not to such Licensee Transferee’s other
business, products, or satellites); and 

  

	 	(v)	Any Licensee Transferee may further assign this Agreement only in accordance with this Section 8.4(c). 

  
 8 

 8.5 Waiver. Failure or delay of either Party to enforce any provision of this
Agreement or any right hereunder shall in no way be considered a waiver of such provision or right. No term or provision hereof shall be deemed waived, and no breach excused, unless such waiver or consent is in writing and signed by the Party
claimed to have waived or consented. A waiver or consent given by a Party on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion. 

8.6 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and
all of which together shall constitute the same instrument. 
 8.7 Independent Relationship. Nothing in this
Agreement is intended to or should be construed to create a joint venture or partnership between the Parties. 
 8.8
Notice. Each Party must deliver all notices, consents, and approvals required or permitted under this Agreement in writing to the other Party at the address listed on the first page of this Agreement by certified or registered mail (postage
prepaid and return receipt requested), or by a nationally-recognized overnight carrier. Notice shall be effective upon receipt or refusal of delivery. Each Party may change its address for receipt of notice by giving notice of such change to the
other Party. 
 8.9 Severability. The provisions of this Agreement are severable, and in the event that any
provision of this Agreement is held to be invalid, illegal, or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

[signature page follows] 

  
 9 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed by their
authorized representatives as of the Execution Date written above. 
  

									
	ICO Global Communications (Operations) Limited (Licensee)	 		 	DBSD Services Limited (Licensor)
			
	Signed:	 		 	Signed:
					
	By:	 	 	 		 	By:	 	 
	Title:	 	 	 		 	Title:	 	 
	Date:	 	 	 		 	Date:	 	 

 Exhibit C 

Tax Matters Agreement 

 EXECUTION VERSION 

TAX MATTERS AGREEMENT 
 between 
 ICO GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED 

and 
 DISH
NETWORK CORPORATION 
 Dated as of March [•], 2011 

 TABLE OF CONTENTS 

 

					
	 ARTICLE I DEFINITIONS
	  	2
	 1.01
	 	General	  	2
	 1.02
	 	Interpretation	  	4
		
	 ARTICLE II TAX RETURNS, TAX ATTRIBUTES AND SECTION 338(H)(10) ELECTION
	  	4
	 2.01
	 	Tax Returns; Tax Payments	  	4
	 2.02
	 	Tax Assets and Other Tax Attributes	  	4
	 2.03
	 	Section 338(h)(10) Election	  	5
	 2.04
	 	Prior Agreements	  	5
	 2.05
	 	Amended Returns	  	5
		
	 ARTICLE III TAX CONTESTS AND THIRD-PARTY CLAIMS
	  	6
	 3.01
	 	Notice	  	6
	 3.02
	 	Control and Participation in Tax Contests	  	6
		
	 ARTICLE IV COOPERATION AND CONFIDENTIALITY
	  	6
	 4.01
	 	Cooperation; Retention of and Access to Information	  	6
	 4.02
	 	Confidentiality	  	7
		
	 ARTICLE V MISCELLANEOUS PROVISIONS
	  	8
	 5.01
	 	Notices	  	8
	 5.02
	 	Governing Law	  	9
	 5.03
	 	Further Assurances	  	9
	 5.04
	 	Survival	  	9
	 5.05
	 	Implementation Agreement	  	9

 TAX MATTERS AGREEMENT 

THIS TAX MATTERS AGREEMENT (this “Agreement”) is entered into between ICO GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED, a
Delaware corporation (“ICO”) and DISH NETWORK CORPORATION, a Nevada corporation (“DISH”, and together with ICO, the “Parties”). Capitalized terms used in this Agreement and not otherwise defined
herein shall have the meanings ascribed to such terms in the Implementation Agreement, dated as of March [•], 2011, by and among the Parties (the “Implementation Agreement”). 

RECITALS 

WHEREAS, ICO is the common parent corporation of the ICO Affiliated Group that includes DBSD North America Inc. (“DBSD”)
and certain of its Subsidiaries; 
 WHEREAS, DISH and DBSD entered into an Amended and Restated Investment Agreement, dated as
of February 24, 2011 (the “Investment Agreement”), amending and restating the Investment Agreement dated as of February 1, 2011, between DBSD and DISH on the terms and conditions set forth in the term sheet for a plan of
reorganization for the Debtors (the “Plan Term Sheet”) attached to the Investment Agreement as an exhibit; 

WHEREAS, DISH and DBSD intend to consummate the restructuring on the terms and conditions set forth in the Investment Agreement and in
the Plan Term Sheet through, among other things, a chapter 11 plan of reorganization in form and substance consistent in all material respects with the Plan Term Sheet and which otherwise shall be in form and substance reasonably satisfactory to
DISH (the “Plan”) which will be filed in the Chapter 11 Cases, along with a disclosure statement describing the Plan in form and substance not inconsistent with the Plan Term Sheet or the Investment Agreement; 

WHEREAS, DISH and ICO entered into the Implementation Agreement, pursuant to which, among other things, ICO granted to DISH the right to
purchase all of the outstanding Capital Stock of DBSD held by ICO (the “Call Right”); 
 WHEREAS, ICO will
include DBSD in its 2010 and subsequent U.S. federal and state consolidated (or combined) income tax returns through the Effective Date, and after which time DBSD will cease to be a member of the ICO Affiliated Group (the
“Deconsolidation”); and 
 WHEREAS, the Parties desire to provide for and agree upon the allocation between the
Parties of liabilities for Taxes of DBSD and its Subsidiaries and to provide for and agree upon other matters relating to Taxes of DBSD and its Subsidiaries. 
 NOW, THEREFORE, in consideration of the foregoing premises and the respective representations, warranties, covenants, agreements and conditions set forth below, and intending to be legally bound hereby,
the Parties hereto agree as follows: 

 ARTICLE I 
 DEFINITIONS 
 1.01 General. As used in this Agreement, the
following terms shall have the following meanings: 
 “Agreement” shall have the meaning set forth in the
Preamble to this Agreement. 
 “Call Right” shall have the meaning set forth in the Recitals. 

“CNOL” shall mean a consolidated net operating loss (as defined in Treasury Regulations Section 1.1502-21(e)).

 “Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Deconsolidation” shall have the meaning set forth in the Recitals. 

“DBSD Companies” shall mean DBSD and its Subsidiaries. 

“Effective Date” shall mean the date, as reasonably determined by ICO, in consultation with DISH, immediately prior to
the date on which the Code and Treasury Regulations issued thereunder (or analogous provisions of state law) applicable to filing consolidated income Tax Returns cease to permit ICO to include DBSD in ICO’s U.S. federal and state consolidated
(or combined) income Tax Returns. 
 “Final Determination” shall mean a “determination” within the
meaning of Section 1313 of the Code or any similar provision of state, local or foreign Tax law. 
 “Governmental
Entity” shall mean any nation or government, any state, municipality or other political subdivision thereof and any entity, body, agency, commission, department, board, bureau or court, whether domestic, foreign or multinational, exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any official thereof. 
 “ICO” shall have the meaning set forth in the Preamble to this Agreement. 
 “ICO Affiliated Group” shall mean an affiliated group of corporations within the meaning of Section 1504(a) of the Code, of which ICO is the common parent corporation, that files
consolidated federal income Tax Returns, and any similar consolidated, affiliated, combined or unitary group under any comparable provision of state, local or foreign Tax Law. 
 “ICO’s Knowledge” shall mean the actual knowledge of Timothy P. Leybold as of the date of this Agreement. 

  
 2 

 “Implementation Agreement” shall have the meaning set forth in the Preamble
to this Agreement. 
 “Investment Agreement” shall have the meaning set forth in the Recitals. 

“Parties” shall have the meaning set forth in the Preamble to this Agreement. 

“Plan” shall have the meaning set forth in the Recitals. 

“Plan Term Sheet” shall have the meaning set forth in the Recitals. 

“Post-Closing Period” shall mean any Taxable Period (or portion thereof) beginning after the Effective Date. 

“Pre-Closing Period” shall mean any Taxable Period (or portion thereof) that ends on or before the Effective Date.

 “Subsidiary” shall mean, with respect to any person, any another person of which such first person,
(i) owns directly or indirectly an amount of the voting securities, other voting ownership or voting partnership interests sufficient to elect at least a majority of such other person’s board of directors or other governing body (or, if
there are no such voting interests, 50% or more of the equity interests), (ii) in the case of a partnership, serves as a general partner or (iii) in the case of a limited liability company, serves as a managing member. 

“Tax” or “Taxes” shall mean (i) all taxes, charges, fees, duties, levies, imposts, rates or other
assessments or governmental charges of any kind imposed by any federal, state, local or foreign Governmental Entity, including, without limitation, whether disputed or not and including any interest, penalties, charges or additions attributable
thereto, income, gross receipts, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, custom duties, property, sales, use, license, capital stock, transfer, franchise, registration, payroll, withholding, social
security, unemployment, disability, value added, alternative or add-on minimum or other taxes and unclaimed property assessments, (ii) liability for the payment of any amount of the type described in clause (i) above arising as a result of
being (or having been) a member of any group or being (or having been) included or required to be included in any Tax Return related thereto, and (iii) liability for the payment of any amount of the type described in clauses (i) or
(ii) above as a result of any express or implied obligation to indemnify or otherwise assume or succeed to the liability of any other Person. 
 “Tax Asset” shall mean any net operating loss, net capital loss, investment tax credit, foreign tax credit, research and experimentation credit, charitable deduction, credit related to
alternative minimum tax, or any other loss, credit, deduction or Tax attribute which could reduce any Tax. 
 “Tax
Contest” shall have the meaning set forth in Section 3.01. 
 “Tax Item” shall mean, with
respect to any Tax, any item of income, gain, loss, deduction or credit, or other attribute that may have the effect of increasing or decreasing any Tax. 

  
 3 

 “Tax Return” shall mean any return, report, certificate, form or similar
statement or document (including any related supporting information or schedule attached thereto and any information return, claim for refund or declaration of estimated Tax), or any amendment to any of the foregoing, supplied to or filed with, or
required to be supplied to or filed with, a Governmental Entity, or any bill for or notice related to ad valorem or other similar Taxes received from a Governmental Entity, in each case, in connection with the determination, assessment or collection
of any Tax or the administration of any laws, regulations or administrative requirements relating to any Tax. 

“Taxable Period” shall mean, with respect to any Tax, the year, or shorter period, if applicable, with respect to which
the Tax is incurred as provided under applicable Tax Law. 
 “Treasury Regulations” shall mean the regulations
promulgated from time to time under the Code as in effect for the relevant Taxable Period. 
 1.02 Interpretation. For
all purposes of this Agreement: (i) the terms defined in this Agreement include the plural as well as the singular; (ii) all references in this Agreement to “Preamble”, “Recitals”, “Articles”,
“Sections” and other subdivisions are to the designated Preamble, Recitals, Articles, Sections and other subdivisions of the body of this Agreement; (iii) pronouns of either gender or neuter include, as appropriate, the other pronoun
forms; (iv) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section or other subdivision; (v) “or”
is not exclusive; (vi) “including” shall be deemed to be followed by “but not limited to”; and (vii) any definition of or reference to any statute shall be construed as referring also to any rules and regulations
promulgated thereunder. 
 ARTICLE II 
 TAX RETURNS, TAX ATTRIBUTES AND SECTION 338(H)(10) ELECTION 
 2.01
Tax Returns; Tax Payments. For all Taxable Periods of the DBSD Companies ending on or before the Effective Date, the DBSD Companies shall, and ICO shall permit the DBSD Companies to, join in ICO’s consolidated federal income Tax Returns
and any applicable joint, consolidated, combined, group or unitary Tax Returns under any comparable provision of state, local or foreign Tax law. ICO shall include the income of the DBSD Companies on such Tax Returns (including any deferred Tax
Items triggered into income by Treasury Regulations Section 1.1502-13 and any excess loss account taken into income under Treasury Regulations Section 1.1502-19 arising as a consequence of the Deconsolidation), and shall remit, or cause to
be remitted, to the applicable Governmental Entity in a timely manner any Taxes due in respect of any such Tax Returns. All Tax Returns described in this Section shall be prepared and filed in a manner consistent with prior practice, except to the
extent required by applicable Law. 
 2.02 Tax Assets and Other Tax Attributes. ICO hereby represents that to ICO’s
Knowledge: 

  
 4 

 (a) as of the date hereof, the income Tax liability of the DBSD Companies
for Pre-Closing Periods ending on or before the date hereof (including any liability for Taxes of any member of the ICO Affiliated Group under Treasury Regulations Section 1.1502-6), but excluding any liability for Taxes potentially arising out of
the transactions contemplated herein or any related agreement, is zero ($0); and 
 (b) as of the date hereof,
the amount of the CNOL of the ICO Affiliated Group which is attributable to the DBSD Companies determined in accordance with Treasury Regulations Section 1.1502-21 (the “DBSD NOL”) is expected to be one hundred and thirty eight
million dollars ($138,000,000); 
 (c) as of the date hereof, the amount of certain Tax Assets and the adjusted
Tax basis of certain assets of the DBSD Companies, as determined for federal income Tax purposes, are expected to be as follows: 
 (i) start-up expenditures capitalized under Section 195 of the Code – one hundred and twenty four million dollars ($124,000,000); and 

(ii) other expenses and losses capitalized for federal income Tax purposes – seventy million dollars ($70,000,000);
and 
 (d) except to the extent required by applicable Law or a Final Determination, neither ICO nor any member
of the ICO Affiliated Group shall make any Tax election, or adopt any Tax position in any Tax Return (including, but not limited to, treating the stock of any of the DBSD Companies as worthless under Section 165 of the Code) that is
inconsistent with prior Tax elections or Tax positions and that would materially reduce or would be expected to materially reduce the amount of the DBSD NOL which would be allocable to DBSD as of the date hereof. 

2.03 Section 338(h)(10) Election. Provided that ICO reasonably determines, in consultation with DISH, that the acquisition of
DBSD from ICO is a qualified stock purchase within the meaning of Section 338 of the Code, ICO shall, at DISH’s election, join with DISH in making a Section 338(h)(10) election, provided that ICO is indemnified and held harmless on an
after-tax basis for any incremental Taxes for which it is liable as a result of making the election under Section 338(h)(10) of the Code. For purposes of this Section 2.02, incremental Taxes include Taxes which ICO would be required to pay
as a result of ICO being unable to use the net operating losses and other tax attributes to which ICO would otherwise have been entitled to use to reduce its taxable income if the Section 338(h)(10) election had not been made. 

2.04 Prior Agreements. Except as set forth in this Agreement and in consideration of the mutual indemnities and other obligations
of this Agreement, any and all prior Tax sharing or allocation agreements or practices between the DBSD Companies, on the one hand, and ICO or any member of the ICO Affiliated Group, on the other hand, shall be terminated as of the Effective Date,
and neither the DBSD Companies nor ICO or any member of the ICO Affiliated Group shall have any continuing rights or obligations thereunder. 
 2.05 Amended Returns. ICO shall not, and shall not permit any member of the ICO Affiliated Group to, file any amended Tax Return that includes any of the DBSD

  
 5 

 
Companies to the extent such amended Tax Return materially and adversely affects any Tax liability (including any Tax Asset or the adjusted Tax basis of any asset) of DISH for any Post-Closing
Period, without the prior written consent of DISH, such consent not to be unreasonably withheld, conditioned or delayed. 

ARTICLE III 
 TAX CONTESTS AND THIRD-PARTY CLAIMS 
 3.01 Notice. In the
event any Taxing authority informs ICO or DISH of any proposed or actual audit, examination, adjustment, claim, assessment, or demand concerning any Tax Return of the ICO Affiliated Group or DISH, as applicable, which includes any of the DBSD
Companies and which may affect the Tax liability (including any Tax Asset or the adjusted Tax basis of any asset) of the other Party (a “Tax Contest”), the Party so informed shall notify the other Party of such Tax Contest promptly,
but not later than ten (10) days after receiving such notice. Any such notice shall be accompanied by a copy of any written notice or other document received from the applicable Taxing authority with respect to such Tax Contest. 

3.02 Control and Participation in Tax Contests. With respect to any Tax Contest of ICO or DISH, as the case may be, such Party
shall have the sole responsibility and control over the handling of such Tax Contest; provided, however, that such Party shall not resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted or assessed, or
otherwise enter into any Final Determination, in connection with or as a result of such Tax Contest that affects, or may affect, the Tax liability (including any Tax Asset or the adjusted Tax basis of any asset) of the other Party, without the prior
written consent of such other Party, such consent not be unreasonably withheld, delayed or conditioned; and provided, further, that such other Party shall be allowed, at its own cost and expense, to participate in the handling of such
Tax Contest with respect to any item that may affect the Tax liability (including any Tax Asset or the adjusted Tax basis of any asset) of such other Party, subject to the first Party’s sole responsibility and control over the handling of such
Tax Contest. 
 ARTICLE IV 
 COOPERATION AND CONFIDENTIALITY 
 4.01 Cooperation; Retention of
and Access to Information. 
 (a) As promptly as practicable after the Effective Date, and in no event later
than seventy-five (75) days prior to the due date for filing the federal income Tax Return of the ICO Affiliated Group for the Taxable Period that includes the Effective Date (taking into account any extensions thereof), ICO shall provide DISH
with its good faith determinations (along with any supporting records, documents, work papers, accounting data and other information, including computer data, reasonably necessary for the preparation of any Tax Return of, or with respect to, the
DBSD Companies or the defense of any proposed or actual audit, examination, adjustment, claim, assessment, or demand in respect of the DBSD Companies), in accordance with applicable Tax Law, as of the Effective Date, of: 

  
 6 

 (i) the DBSD NOL (including any analogous net operating loss as determined
for applicable state, local or foreign income Tax purposes); 
 (ii) the adjusted basis for Tax purposes of each
asset of each of the DBSD Companies; and 
 (iii) the amount of each Tax Asset of each of the DBSD Companies
(including the amount of any Tax Asset of the ICO Affiliated Group attributable to any of the DBSD Companies). 

(b) Each of ICO and DISH hereby agrees that it shall not take any position on any Tax Return filed by such Party, in
connection with any audit, examination, adjustment, claim, assessment, or demand or otherwise that is inconsistent with the determinations of the amount of the DBSD NOL, the adjusted Tax basis of assets and the amount of any Tax Assets of the DBSD
Companies provided under Section 4.01(a), unless otherwise required by applicable Tax Law or a Final Determination. 
 (c) Upon the request of either Party, ICO and DISH shall provide each other, and shall cause their respective Affiliates, officers, employees, agents, auditors and representatives reasonably to provide
each other, with such cooperation and information (including access to books and records and making available employees who are knowledgeable on the relevant Tax matters) relating to the DBSD Companies or the ICO Affiliated Group as any of the
Parties reasonably may request of the other Party, including (i) in preparing and filing any Tax Return or claim for refund or credit of any Taxes, (ii) in resolving all disputes, audits, examinations, adjustments, claims, assessments or
demands relating to Taxes, (iii) in DISH’s determining whether to make a Section 338(h)(10) election and (iv) in connection with all other matters covered in this Agreement. 

(d) ICO and DISH agree (A) to retain all books and records with respect to Tax matters pertinent to the DBSD
Companies relating to any Taxable Period beginning before the Effective Date and which are in their possession, or in the possession of the DBSD Companies, at the Effective Date until expiration of the applicable statute of limitations (and, to the
extent notified by DISH or ICO, any waiver or extensions thereof) of the respective Taxable Periods, and to abide by all record retention agreements entered into with any Taxing authority, and (B) to give the other party reasonable written
notice prior to transferring, destroying or discarding any such books and records and, if the other party so requests, the party in possession of such records shall allow the other party to take possession of such books and records. 

4.02 Confidentiality. Each Party shall hold and cause its directors, officers, employees, advisors and consultants to hold in
strict confidence, unless compelled to disclose by judicial or administrative process or, in the opinion of its counsel, by other requirements of Law, all information (other than any such information relating solely to the business or affairs of
such Party) concerning the other Party hereto furnished to it by such other Party or its representatives pursuant to this Agreement (except to the extent that such information can be shown to have been (x) in the public domain through no fault
of such Party, (y) later lawfully acquired from other sources not known to be under the duty of confidentiality by the Party to which it was 

  
 7 

 
furnished, or (z) independently developed), and each Party shall not release or disclose such information to any other Person, except its directors, officers, employees, auditors, attorneys,
financial advisors, bankers and other consultants who shall be advised of and agree to be bound by the provisions of this Section 4.02. Each Party shall be deemed to have satisfied its obligations to hold confidential information
concerning or supplied by the other Party if it exercises the same care as it takes to preserve confidentiality for its own similar information. 
 ARTICLE V 
 MISCELLANEOUS PROVISIONS 

5.01 Notices. All notices or other communications required or permitted to be given hereunder shall be in writing and shall be
delivered by hand or sent by facsimile or sent, postage prepaid, by registered, certified or express mail or overnight courier service and shall be deemed given when received, at the following addresses (or at such other address for a Party as shall
be specified by like notice): 
  

	 	(i)	if to DISH, 

 9601 South
Meridian Boulevard 
 Englewood, Colorado 80112 
 Attention: Matthew Sheers 
 Facsimile: (303) 723-3367 

with a copy to: 
 Skadden Arps Slate Meagher & Flom LLP 
 4 Times Square 

New York, New York 10036-6522 
 Attention: Steven J. Matays, Esq. 
 Facsimile: (212) 735-2000 

 

	 	(ii)	if to the Seller, 

 ICO Global
Communications (Holdings) Limited 
 2300 Carillon Point 

Kirkland, Washington 98033 
 Attention: General Counsel 
 Telephone: (425) 828-8404 

Facsimile: (425) 828-8061 
 with a copy to: 

  
 8 

 Morrison & Foerster LLP 

425 Market Street 
 San Francisco, California 94105 
 Attention: Robert Townsend 

Telephone: (415) 268-7080 
 Facsimile: (415) 268-7522 
 5.02 Governing Law. This Agreement shall
be governed by the laws of the State of New York (regardless of the laws that might otherwise govern under applicable principles of conflicts of law) as to all matters, including, but not limited, to matters of validity, construction, effect,
performance and remedies. 
 5.03 Further Assurances. Subject to the provisions hereof, the Parties hereto shall make,
execute, acknowledge and deliver such other instruments and documents, and take all such other actions, as may be reasonably required in order to effectuate the purposes of this Agreement. 

5.04 Survival. Notwithstanding any other provision of this Agreement to the contrary, all representations, covenants and
obligations contained in this Agreement shall survive until the expiration of the applicable statute of limitations with respect to any such matter (including extensions thereof). 

5.05 Implementation Agreement. The provisions of the Implementation Agreement shall apply in relevant part to this Agreement,
including Sections 11.1 (Amendment and Modification), 11.2 (Waiver of Compliance; Consents), 11.4 (Assignment), 11.6 (No Third-Party Beneficiaries), 11.7 (Consent to Jurisdiction), 11.9 (Counterparts), 11.11 (Entire Agreement), 11.12 (Severability),
11.13 (Specific Performance) and 11.14 (Waiver of Jury Trial). 

*        *        * 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 9 

 IN WITNESS WHEREOF, the Parties hereto have duly executed this Agreement as of the day and
year first above written. 
  

			
	ICO GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	DISH NETWORK CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page to Tax
Matters Agreement] 

 Exhibit D 

Transition Services Agreement 

 EXECUTION VERSION 

TRANSITION SPACE AND SERVICES AGREEMENT 
 This TRANSITION SPACE AND SERVICES AGREEMENT (“Agreement”), dated as of __________, 2011 (the “Effective Date”), including any schedules hereto, is entered into between
DBSD NORTH AMERICA, INC., a Delaware corporation (“DBSD”), and each of its direct and indirect subsidiaries (together with DBSD, the “Company”), and ICO GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED, a Delaware
corporation, and each of its subsidiaries (collectively, “Global”). The Company and Global may be referred to herein as the “Parties” or each a “Party.” 

WHEREAS, DBSD North America Inc. (“DBSD”) and 3421554 Canada Inc., DBSD Satellite Management, LLC, DBSD Satellite North
America Limited, DBSD Satellite Services G.P., DBSD Satellite Services Limited, DBSD Services Limited, New DBSD Satellite Services G.P., and SSG UK Limited (collectively, the “Debtors”) have commenced voluntary cases under Chapter
11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of New York, jointly administered under Case No. 09-13061 (the “Chapter 11 Cases”); 

WHEREAS, DISH Network Corporation (“DISH“) and DBSD entered into an Amended and Restated Investment Agreement dated as
of February 24, 2011 (the “Investment Agreement”), between DBSD and DISH, amending and restating the Investment Agreement dated as of February 1, 2011, between DBSD and DISH on the terms and conditions set forth in the term sheet
for a plan of reorganization for the Debtors (the “Plan Term Sheet”) attached to the Investment Agreement as an exhibit; 
 WHEREAS, DBSD and DISH intend to consummate the restructuring on the terms and conditions set forth in the Investment Agreement and in the Plan Term Sheet through, among other things, a chapter 11 plan of
reorganization in form and substance consistent in all material respects with the Plan Term Sheet to the Investment Agreement and which otherwise shall be in form and substance reasonably satisfactory to DISH (the “Plan”) which will
be filed in the Chapter 11 Cases, along with a disclosure statement describing the Plan in form and substance not inconsistent with the Plan Term Sheet or the Investment Agreement; and 

WHEREAS, in connection with the Plan, the Parties wish to enter into a Transition Services Agreement. 

NOW, THEREFORE, in consideration of the premises set forth herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties hereto, intending to be legally bound hereby, agree that this is the Transition Services Agreement provided for in the Plan, and further agree as follows: 

	1.	SERVICES 

 a. Services.

 i. Subject to the terms and conditions of this Agreement, Global shall provide to the Company the services
that are set forth in Schedule A (the “Global Services”), and the Company shall provide to Global the services that are set forth in Schedule B (the “Company Services” and together with the
Global Services, the “Services”) during the applicable term for each category of Services pursuant to the terms hereof and on the terms set forth in Schedule A and Schedule B, respectively. 

ii. The Parties may add additional services to Schedule A and Schedule B by mutual written agreement, and
upon such additions, said services shall be included in the Services. 
 iii. For the purposes of this Agreement
(i) the Services set forth in Schedule B.3 shall be referred to as “Space Segment Services,” (ii) the Services set forth in Schedule B.5 shall be referred to as “Public Relations Services,”
(and together with the Space Segment Services, the “Additional Services”), and (iii) all Services set forth in Schedule A and Schedule B other than Space Segment Services and Public Relations Services shall
together be referred to as “General Services.” 
 b. Office Space and SAN. 

i. Subject to the terms and conditions of this Agreement, Global shall, and shall cause its
subsidiaries or affiliates to, provide the Company’s employees and consultants with access to and use of the office spaces (“Office Spaces”) and satellite access node (“SAN”) set forth in Schedule C (the
“Occupied Premises”). If Global leases a new Office Space in the Bellevue, WA area, such new Office Space shall be added to Schedule C and the Bellevue, WA Office Space currently listed on Schedule C shall be removed
from Schedule C. Subject to obtaining the necessary third-party consents, Global shall assign and the Company shall assume the leases for Reston, VA (10th Floor), Las Vegas, NV (Industrial Space), El Segundo, CA (222 N. Sepulveda) and Walnut Creek, CA which are among the
Occupied Premises (upon the effectiveness of the assignment, the “Assigned Premises”). Global shall take any action reasonably requested by the Company to effectuate assignment of the Assigned Premises to the Company. 

ii. Subject to the terms and conditions of this Agreement, the Company shall, and shall cause its subsidiaries or
affiliates to, provide Global’s employees and consultants with access to and use of the Assigned Premises. 

iii. The Costs (as defined below) of each Office Space shall be allocated between (A) the Party providing such Office
Space and (B) the Party receiving access to and use of such Office Space and/or receiving services from the other Party’s employees and consultants who are using such Office Space, as set forth in Schedule C (such allocations, the
“Rent Allocations”); provided, that the Rent Allocations for Office Space shall be adjusted every three months to reflect the then current utilization of such Office Space by all Company and Global employees and consultants
working from such Office Space including employees and 

 
consultants who are 100% allocated to the Company or Global (as reasonably determined by the Party holding the Office Space lease). 

iv. The Rent Allocations for the SAN shall be as set forth in Schedule C; provided, that the Rent
Allocations for the SAN shall be adjusted every three months to reflect the Parties’ then current utilization of the SAN (as reasonably determined by the Party holding the SAN lease). 

v. The costs included in Rent Allocations shall include all direct and indirect costs and overhead of each Office Space
and the SAN including, without limitation, all rent, fees, taxes, utilities, insurance, internet charges, telephone and fax charges, copying expenses, equipment rental expense, and supplies costs (collectively, the “Costs”).

 vi. If the Parties are unable to agree on the Costs or Rent Allocations with respect to a particular Office
Space or the SAN, the Party receiving use of such Office Space or the SAN may terminate its use of such Office Space or the SAN on thirty (30) days’ written notice to the other Party; provided that, each time the Rent Allocations
change, if a Party does not object to Rent Allocations invoiced by the other Party within thirty (30) days of the delivery of the first invoice reflecting such changed Rent Allocation, such Party shall be deemed to have agreed thereto.

 vii. If either Party obtains access to additional office space and the other Party wishes to share a portion
of such additional office space during the term of this Agreement in exchange for paying a share of the Costs, the Parties shall negotiate such an arrangement in good faith. Such additional office space may be added to Schedule C upon the
mutual consent of the Parties. 
 c. Service Providers. 

i. Subject to Section 1(e) below, the Parties shall provide the Services to each other through individuals
holding the positions set forth in Schedule D and Schedule E (the “Service Providers”). The Party employing or retaining a Service Provider shall determine the compensation and benefits of such Service Provider.

 ii. The Compensation (as defined below) of each Service Provider shall be allocated between (A) the Party
providing Services and (B) the Party receiving Services, as set forth in Schedule D and Schedule E (such allocations, the “Service Provider Allocations”); provided, that the Service Provider Allocations
shall be adjusted every three months to reflect each Party’s then current utilization of each Service Provider (as reasonably determined by the Party employing or retaining such Service Provider). 

iii. The compensation and benefits subject to Service Provider Allocations shall include all costs related to each Service
Provider, including, without limitation, salary or hourly wages or consulting fees, bonuses, benefits, taxes and other withholdings required by law (collectively, the “Compensation”), but shall not include equity compensation.

 iv. If the Parties are unable to agree on the Compensation or Service Provider Allocations with respect to a
particular Service Provider, the Party receiving the Services from 

 
such Service Provider (“Service Receiver”) shall be entitled to terminate receipt of Services from such Service Provider on thirty (30) days’ written notice to the
other Party and shall not be liable for such Service Provider’s Compensation paid or accrued following the expiration of such 30-day period; provided that each time the Compensation or Service Provider Allocation for a Service Provider
changes, if a Party does not object to the Compensation or Service Provider Allocation for such Service Provider within thirty (30) days of the delivery of the first invoice reflecting such changed Compensation or Service Provider Allocation,
such Party shall be deemed to have agreed thereto. 
 d. Transition of Service Providers. 

i. On or before the Effective Date, Global shall extend an offer of employment to (or shall assume any consulting
contract, which the Company shall assign, for) the individuals holding the positions listed in Schedule D who are employed or engaged by the Company as of the Effective Date, and the Parties shall cooperate to transition such employees to
Global. 
 ii. On or before the Effective Date, the Company shall extend an offer of employment to the
individuals holding the positions listed in Schedule E who are employed or engaged by Global as of the Effective Date, and the Parties shall cooperate to transition such employees to the Company. 

iii. Notwithstanding the foregoing, the Company and Global shall each be liable for their Service Provider Allocation of
any and all costs and liabilities relating to such transitioned employees’ employment by Global or the Company, as the case may be, arising prior to, or out of or in connection with, such transition (including any termination or severance
amounts). 
 e. No Obligation to Maintain Specific Service Providers. The Parties acknowledge that the individuals
holding the positions listed in Schedule D and Schedule E may terminate their employment or other service relationship with either Party, and neither Party is under any obligation to the other Party to maintain the employment or
service relationship with any such individual. A Party may utilize its own personnel and/or the personnel of its affiliates as Service Providers hereunder. In addition, the inclusion of any Service Provider under this Agreement shall not alter his
or her at-will status and/or other terms of the service relationship with the Party or Parties. Each Party shall have the right to determine which individuals it employs or retains as Service Providers. 

f. Reductions, Transition. 
 i. The Company may reduce or eliminate its use of all or any portion of the Occupied Premises, except for the Assigned Premises, upon not less than thirty (30) days prior written notice to Global;
provided, however, that the Company may reduce or eliminate its use of all or any portion of the Occupied Premises upon less than thirty (30) days prior written notice if the Company agrees to pay and pays all costs incurred by
Global with respect to such reduction or termination pursuant to the applicable lease agreement. Global may reduce or eliminate its provision of all or any portion of the Occupied Premises, other than the premises designated to

 
become Assigned Premises, upon not less than thirty (30) days prior written notice or if an applicable lease agreement expires or is terminated. Global shall provide the Company with as much
advance notice as possible of any such reduction or elimination of Global’s provision of any portion of the Occupied Premises, not less than thirty (30) days’ notice. 

ii. Each Service Receiver may from time to time reduce or terminate receipt of services from any
particular Service Provider upon not less than sixty (60) days prior written notice to the other Party without affecting the other Services to be provided hereunder and shall remain obligated to pay its allocated portion of the Compensation for
such Service Provider through and including the sixtieth (60th) day after delivery of such notice; provided, that if the employment or retention of a Service Provider is terminated within sixty (60) days of delivery of a Service Receiver’s
written notice of intent to reduce or eliminate receipt of services from such Service Provider, then the Service Receiver shall be liable, in an amount reflecting its Service Provider Allocations, for any severance or other termination payments
payable to such Service Provider. 
 iii. The Parties shall cooperate in a commercially reasonable manner as is
necessary to allow for orderly transition of the Services and the Occupied Premises. 
 g. Authorization and Scope of Agency
Capacity. Certain Global Services may require Global to act as the Company’s agent, and certain Company Services may require the Company to act as Global’s agent. Accordingly, the Parties agree as follows: 

i. To the extent necessary to carry out the Global Services, the Company hereby appoints Global to act as its agent and
attorney-in-fact, subject to the Company’s control, and Global consents to act as the Company’s agent and attorney-in-fact, subject to the Company’s control. Global’s authority as agent and attorney-in-fact does not include
authority to commit to any obligations on the Company’s behalf or to compromise any claims belonging to the Company without specific additional written authorization. 

ii. To the extent necessary to carry out the Company Services, Global hereby appoints the Company to act as its agent and
attorney-in-fact, subject to Global’s control, and the Company consents to act as Global’s agent and attorney-in-fact, subject to Global’s control. The Company’s authority as agent and attorney-in-fact does not include authority
to commit to any obligations on Global’s behalf or to compromise any claims belonging to Global without specific additional written authorization. 
 h. Intellectual Property. 
 i. Certain Global Services may
require Global to use the Company’s intellectual property, and certain Company Services may require the Company to use Global’s intellectual property. The Company hereby grants to Global a nonexclusive, royalty-free license (the
“Company License”) to use the Company’s trademarks, trade names, domain names, know-how and processes solely in connection with providing Global Services to the Company. Global hereby grants to the Company a nonexclusive,
royalty-free license (the “Global License”) to use Global’s patents, trademarks, trade names, domain names, know-how and processes solely in connection with providing Company Services to Global. The Global License and Company

 
License shall terminate upon the expiration of the General Services Period and/or Additional Services Period (as those terms are defined below). 

ii. Notwithstanding the foregoing, nothing in this Section 1(h) shall grant either the Company or Global, as
the case may be, any rights with respect to any intellectual property otherwise covered by the Amended License Agreement (as defined below). The Parties agree that (i) intellectual property created by either of them based upon and derived from
intellectual property that is the subject of the Company License, the Global License or the License (as defined in and granted under the Amended License Agreement), as the case may be, will continue to be owned by the Licensor thereof and
(ii) intellectual property created by either of them in connection with the provision of Services hereunder and not based upon and derived from intellectual property that is the subject of the Company License, the Global License or the License,
as the case may be, shall, as between the parties to this Agreement, be the property of the applicable Service Provider. 
 i.
Standard of Care. Unless otherwise agreed by the Parties in writing, a Party providing Services hereunder shall use commercially reasonable efforts to perform the Services in a manner that is substantially similar in all material respects to
the manner in which such Services were performed before the Effective Date, including with respect to level of service, priority of service, timeliness, quality and other relevant standards. Unless otherwise mutually agreed by the Parties in
writing, with respect to any Service, a Service Receiver will use such Services only for the purpose of conducting the operations of the business or activity substantially in the same manner as conducted and operated prior to the Effective Date and
will not use the Services for any other purposes. 
 j. Representatives. Each Party will from time to time designate to
the other Party in writing an individual who will be responsible for overseeing the performance of the Services and otherwise exercising the rights and responsibilities of such Party hereunder, including without limitation negotiating in good faith
in the first instance to resolve any disputes arising hereunder. 
  

	2.	PAYMENT 

 a. Payment for
Occupied Space. Global shall pay all Costs of the Occupied Premises, and the Company shall promptly reimburse Global for the amount of such Costs reflecting the Company’s Rent Allocations. The Company shall pay all Costs of the Assigned
Premises, and Global shall promptly reimburse the Company for the amount of such Costs reflecting Global’s Rent Allocations. 
 b. Payment for Services. Global shall pay all Compensation of the Service Providers employed or retained by Global, and the Company shall promptly reimburse Global for the amount of such
Compensation reflecting the Company’s Service Provider Allocations. The Company shall pay all Compensation of the Service Providers employed or retained by the Company, and Global shall promptly reimburse the Company for the amount of such
Compensation reflecting Global’s Service Provider Allocations. 
 c. Payment for Other Costs. The Service Receiver
shall reimburse the other Party for the other Party’s actual documented costs (including without limitation actual documented 

 
reasonable out of pocket amounts paid to third parties) reasonably incurred by the performing Party in performing Services for the Service Receiver. For the avoidance of doubt, employee business
and travel expenses, including, without limitation, transportation, tolls, parking expenses, lodging, meals, business entertainment, faxes, photocopies, internet charges, data ports, shipping, business telephone calls and foreign transaction fees,
actually paid, directly or by way of reimbursement, by the performing Party and incurred as a consequence of Services being performed on behalf of the Service Receiver shall be reimbursed by the Service Receiver pursuant to this
Section 2(c). 
 d. Invoicing. Each Party shall invoice the other Party monthly for the charges due under
this Agreement, and payment shall be due thirty (30) calendar days after receipt of the invoice. Each Party’s invoice shall set forth in reasonable detail, with reasonable supporting documentation attached thereto: (i) the Services
rendered by each Service Provider to the other Party, (ii) the Compensation and/or other costs incurred by the Party with respect to each Service Provider; (iii) the other Party’s Service Provider Allocations; (iv) the Office
Space and/or SAN access provided to the other Party; (v) the Costs of such Office Space and/or SAN incurred by the Party; and (vi) the other Party’s Rent Allocations. 

 

	3.	TERM AND TERMINATION 

 a.
Term. This Agreement shall commence on the Effective Date and shall terminate (i) for General Services, on the close of business six (6) months from the Effective Date, subject to an earlier termination by either Party or extension
as expressly permitted by this Section 3 (such period being referred to as the “General Services Period”) and (ii) for Space Segment Services and Public Relations Services, on the close of business two
(2) years from the Effective Date, subject to an earlier termination by either Party or an extension by mutual written agreement as expressly permitted by this Section 3 (such period, as so adjusted, being referred to as the
“Additional Services Period”); provided that: 
 i. Either Party may
terminate the General Services Period on the earlier of (A) the thirtieth (30th) day following delivery to the other Party of written notice given not earlier than the ninetieth (90th) day after the Effective Date, or (B) the tenth
(10th) day following deliver to the other Party of
written notice given anytime after a material breach of this Agreement by such other Party if such other Party fails to cure such material breach within ten (10) days of the delivery of such notice; 

ii. Either Party may terminate the Additional Services Period on the thirtieth (30th) day following delivery to the other Party of written notice
given anytime after a material breach of this Agreement by such other Party if such other Party fails to cure such material breach within thirty (30) days of the delivery of such notice; 

iii. Either Party may terminate the General Services Period and/or Additional Services Period at such time as the Company
does not own or operate any in-orbit satellites; provided, that (A) each Party shall provide seventy five (75) days’ prior written notice of its intention to terminate the Additional Services Period under this
Section 3(a)(iii) as to either or both of the Additional Services, and (B) each Party shall provide sixty (60) days prior written notice of its intention to terminate the General Services Period under this
Section 3(a)(iii); 

 
provided, further, that the termination of the Additional Services Period as to one of the Additional Services under this Section 3(a)(iii) shall not affect the
obligation of the Company to provide the other Additional Services for the period that would otherwise be applicable. 
 iv. The Parties may extend the General Services, Space Segment Services and/or Public Relations Services as applicable, by mutual written agreement; 

v. The Company agrees that after the termination of the initial Additional Services Period, if such term is not extended
by mutual consent and so long as the initial Additional Services Period with respect to Space Segment Services has not been terminated under Section 3(a)(ii) or (iii), the Company will permit Global to have reasonable access to
Mr. Bob Day during normal business hours (such access not to exceed the most recent portion of Mr. Day’s time allocated to Global pursuant to Section 1(c)(ii)) for matters related to transition of the Space Segment
Services for a period of 12 months following the termination of Space Segment Services, on commercially reasonable terms and conditions to be agreed to by the Parties, provided, that Mr. Day continues to be employed by the Company; and

 vi. Following a termination of this Agreement (or any particular Service or use of Office Space or the SAN),
the Parties shall no longer be obligated to provide the Services or use of Office Space or the SAN (or such particular Service or Office Space or the SAN); provided, that all payment obligations accrued pursuant to Section 2 prior
to such termination, together with Section 5, shall survive such termination. 
  

	4.	TERMINATION OF OTHER AGREEMENTS 

The Parties hereby agree that all business or contractual arrangements and agreements (whether written or oral) between the Company and/or
its affiliates, on the one hand, and Global and/or its affiliates, on the other, in effect prior to the Effective Date, including, but not limited to, those business or contractual arrangements listed on Schedule F (collectively, the
“Existing Contracts”), shall be deemed terminated without any further action and will be of no further force and effect as of the Effective Date. Each Party hereby agrees, on behalf of itself and its affiliates, that any and all
obligations owed to the other Party or such Party’s affiliates under an Existing Contract shall be deemed forever waived and released. For the avoidance of doubt, from and after the Effective Date, the only business or contractual arrangements
in effect between the Parties and/or their affiliates shall be (a) this Agreement and (b) the Amended and Restated License Agreement of even date herewith by and between Global and DBSD Services Limited (f/k/a ICO Services Limited) (the
“Amended License Agreement”). Global hereby represents that, to the best of its knowledge, there are no business or contractual arrangements or agreements between the Company and/or its affiliates, on the one hand, and Global and/or
its affiliates on the other, in effect as of the date hereof other than this Agreement, the Amended License Agreement and those listed on Schedule F. 
  

	5.	MISCELLANEOUS 

 a.
Confidentiality. The Parties acknowledge that during the term of this Agreement, each of them and their agents, employees, affiliates and representatives may obtain or have access to certain Confidential Information (as defined below). Each
Party agrees that it shall not, 

 
and shall cause its agents, employees, affiliates and representatives not to, reveal to any other person any such Confidential Information without the prior written consent of the other Party;
provided, that such undertaking shall not apply to: 
 i. disclosure of Confidential Information that is
or has become generally available to the public other than as a result of disclosure by or at the direction of a Party or a Party’s representatives or the representatives of any affiliate of any Party in violation of this Agreement; 

ii. disclosures of Confidential Information to the extent necessary or required under any applicable law or regulation
(including, without limitation, any rule, regulation or policy statement of any national securities exchange, market, or automated quotation system) or in connection with any audit or judicial process regarding any legal action, suit or proceeding
arising out of or relating to this Agreement, after giving prior written notice to the other parties to this Agreement to the extent practicable under the circumstances, and subject to having undertaken any reasonably available arrangements to
protect confidentiality (for example, seeking a protective order in relation to such Confidential Information); 

iii. disclosure of Confidential Information obtained from a third party who is lawfully authorized to disclose such
information free from any obligation of confidentiality; 
 iv. disclosure of information that is independently
developed by a Party without reference to any Confidential Information; and 
 v. disclosure of information that
is known to the receiving Party without any obligation of confidentiality prior to its receipt from the disclosing Party. 

“Compete” means, with respect to any Person, to provide satellite or integrated ancillary terrestrial telecommunications or mobile
communications services to unaffiliated third parties in the United States of America (including Puerto Rico and the U.S. Virgin Islands) or Canada as a material portion of the business of such Person or a material portion of the business of its
affiliates, taken as a whole, or of a material affiliate. 
 “Confidential Information” means any information concerning the
organization, business, technology, trade secrets, know-how, finance, transactions or affairs of a Party (whether conveyed in written, oral or in any other form and whether such information has been furnished before, on or after the date of this
Agreement) that is not known to the public or otherwise publicly available. 
 b. Audits. Each Party shall be entitled,
at any time during the term of this Agreement and for a period of twelve (12) months after termination, upon ten (10) days prior written notice, to reasonably audit or reasonably investigate any or all aspects of the Services and the
Office Spaces and SAN that the other Party has agreed to perform or provide to or for such Party under this Agreement. Each party may conduct no more than one (1) such audit during a twelve (12) month period. All such audits and
investigations shall be performed during reasonable business hours, shall be conducted at the requesting Party’s expense, and may be conducted either by the requesting Party’s officers or employees or by third parties retained by or on
behalf of the requesting Party. The provisions of this Section 5.b shall, with respect to each category of 

 
Services, survive the termination or expiration of such category of Services for a period of twelve (12) months. 
 c. Indemnification; Limitation on Liability. 
 i. Each Party
providing Services under this Agreement (each, an “Indemnifying Party”) shall defend, indemnify and hold harmless the Service Receiver, such Service Receiver’s affiliates, partners, officers, employees, agents, subcontractors
and permitted assigns (each “Indemnified Party”) from and against any and all losses, liabilities, claims, litigation, damages, penalties, actions, demands or expenses, including the reasonable fees and expenses of counsel
(collectively, “Losses”) incurred by such Indemnified Party to the extent arising out of, in connection with or by reason of a third party claim to the extent arising out of, in connection with or by reason of fraud, gross
negligence, or willful misconduct by the Indemnifying Party. 
 ii. In the absence of fraud, gross negligence, or
willful misconduct by an Indemnifying Party, the liability under this Agreement of such Indemnifying Party, whether arising from contract, tort, warranty, negligence or otherwise, shall be limited to the amounts paid by the Indemnified Party for
Services received under this Agreement by such Indemnified Party. 
 III. NOTWITHSTANDING ANYTHING TO THE
CONTRARY CONTAINED HEREIN, EXCEPT IN THE CASE OF FRAUD, GROSS NEGLIGENCE, OR WILLFUL MISCONDUCT BY AN INDEMNIFYING PARTY AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY INDEMNIFYING PARTY OR ITS AFFILIATES BE LIABLE TO THE
INDEMNIFIED PARTY FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES IN CONNECTION WITH THIS AGREEMENT, INCLUDING, BUT NOT LIMITED TO, LOST TIME, LOST MONEY, LOST PROFITS OR GOODWILL, REGARDLESS OF THE FORM OF THE
ACTION OR THE BASIS OF THE CLAIM, EVEN IF A PARTY OR ITS AFFILIATE HAS BEEN APPRISED OF THE POSSIBILITIES OF SUCH DAMAGES, AND WHETHER OR NOT SUCH DAMAGES COULD HAVE BEEN FORESEEN OR PREVENTED. 

d. Governing Law; Service of Process; Waiver of Trial by Jury. 

i. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving
effect to any choice of law or conflict of law rules or provisions that would cause the application of the laws of any jurisdiction other than the State of New York. 

ii. Each Party hereby consents to process being served in any such proceeding by the mailing of a copy thereof by
registered or certified mail, postage prepaid, to the address specified in Section 5.g or in any other manner permitted by law. 
 iii. EACH PARTY HERETO HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVES ANY RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUCH ACTION OR PROCEEDING. 

 e. Further Assurances. Each Party shall give such further assurance, provide such
further information, take such further actions and execute and deliver such further documents and instruments as are, in each case, within its power to give, provide and take so as to give full force and effect to the provisions of this Agreement,
including without limitation enforcing any confidentiality obligations of the Service Providers for the benefit of the other Party. 
 f. Assignment; Binding Effect. This Agreement shall not be assignable or otherwise transferable by either Party hereto, without the prior written consent of the other Party, and any purported
assignment or other transfer without such consent shall be void and unenforceable; provided, that either Party shall have the right to assign its rights under this Agreement to receive Services (but not its obligations under this Agreement to
provide Services) to a person who acquires (whether by merger, stock acquisition, sale of substantially all assets or otherwise) the business of such Party to which such Services relate and who does not Compete with such Party. 

g. Notices. All notices, requests, waivers and other communications made pursuant to this Agreement shall be in writing and shall
be deemed to have been effectively given (i) when personally delivered to the Party to be notified; (ii) when sent by confirmed facsimile to the Party to be notified at the number set forth below; (iii) three (3) business days
after deposit in the United States mail postage prepaid, by certified or registered mail return receipt requested and addressed to the Party to be notified as set forth below; or (iv) one (1) business day after deposit with a national
overnight delivery service, postage prepaid, addressed to the Party to be notified as set forth below with next-business-day delivery guaranteed, in each case as follows: 

If to the Company to: 
 DBSD North America, Inc. 
 11700 Plaza America Drive, Suite 1010

 Reston, Virginia 20190 

Attention: General Counsel 
 Telephone: (703) 964-1400 
 Facsimile: (703) 964-1401

 With a copy (which shall not constitute notice) to: 

Skadden Arps Slate Meagher & Flom LLP 

4 Times Square 
 New York, NY 10036-6522 
 Attention: Jay M. Goffman, Esq.

 J. Eric Ivester, Esq. 
 Howard L. Ellin, Esq. 
 Sean C. Doyle, Esq. 

Facsimile: (212) 735-2000 

 If to Global to: 

ICO Global Communications (Holdings) Limited 

2300 Carillon Point 
 Kirkland, WA 98033 
 Attention: General Counsel 

Telephone: (425) 828-8404 
 Facsimile: (425) 828-8061 
 With a copy (which shall not
constitute notice) to: 
 Morrison & Foerster LLP 

425 Market Street 
 San Francisco, CA 94105-2482 
 Attention: Robert Townsend

 Telephone: (415) 268-7080 

Facsimile: (415) 268-7522 
 A Party may change its address for purposes of notice hereunder by giving ten (10) days’ notice of such change to the other Party in the manner provided in this Section 5.g.

 h. Amendments. The provisions of this Agreement may not be amended or waived except by a writing signed by each of the
Parties hereto. 
 i. Relationship of the Parties. 

i. For purposes of this Agreement, the Company and its affiliates, on the one hand, and Global and its affiliates on the
other, are and shall be deemed to be independent contractors, and anything in this Agreement to the contrary notwithstanding, nothing herein shall create or be deemed to create a relationship between the Parties as partners, joint ventures,
co-owners, an association or an entity separate and apart from each Party itself, nor shall this Agreement cause any Party or any Service Provider to be deemed an employee or agent, legal or otherwise, of the other Party for any purposes whatsoever.
Except to the extent set forth herein, no Party is authorized to make any statements or representations on behalf of any other Party or in any way obligate the other Party, except as expressly authorized in writing by such other Party. 

ii. The Service Providers of one Party shall be and remain that Party’s sole obligation, and that Party alone shall
(A) be obligated to pay for and to provide any and all compensation and benefits owed to said Service Providers, including without limitation, salaries, wages, bonuses, retirement contributions, federal, state and local withholdings, and
workers’ compensation, disability and unemployment insurance, and (B) provide the other Party with suitable evidence thereof upon that Party’s request. 

iii. No Service Provider of one Party may act as an agent or employee of the other Party, nor may any Service Provider be
entitled to make any agreements or commitments or incur any obligations which bind the other Party. No Service Provider of one Party may hold himself or herself out as having the authority to bind the other Party in any way. 

 j. Third Party Beneficiaries. The terms and provisions of this Agreement are intended
solely for the benefit of the Parties to this Agreement, and their respective successors and permitted assigns, and are not intended to confer third party beneficiary rights upon any other person, association or entity, legal or otherwise.

 k. Severability. The invalidity, illegality or unenforceability of any provisions of this Agreement in any
jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other jurisdiction, it being
intended that all rights and obligations of the Parties hereunder shall be enforceable to the fullest extent permitted by law. 

l. Headings. The headings of the various sections of this Agreement have been inserted for convenience of reference only and shall
not be deemed to be a part of this Agreement. 
 m. Entire Agreement; Waiver; Remedies Cumulative. This Agreement
(together with the documents attached as Schedules hereto and any documents or agreements specifically contemplated hereby) supersedes all prior discussions and agreements among either of the Parties hereto (and their affiliates) with respect to the
subject matter hereof and contains the entire understanding of the Parties with respect to the subject matter hereof. All remedies provided by this Agreement are in addition to all other remedies available to the Parties in law or equity.

 n. Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts shall for
all purposes be deemed to be an original, and both of such counterparts shall together constitute but one and the same instrument. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed and delivered as of
the day and year first above written. 
  

			
	DBSD NORTH AMERICA, INC., for itself and each of its subsidiaries
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	ICO GLOBAL COMMUNICATIONS (HOLDINGS) LIMITED, for itself and each of its subsidiaries
		
	By:	 	 
		 	Name:
		 	Title:

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