Document:

ex10_1.htm

    Exhibit
10.1

     

    
       

      
        
          
            
              
                
                  
                    	  	
                            TerreStar
      Networks

                            One
      Discovery Square

                            
                              12010 Sunset Hills Rd. Suite
      600

                              
                                Reston,
      VA
20190

                              

                            

                          

                  

                

              

            

          

        

      

       

    

    April 9,
2009

    

    VIA HAND
DELIVERY

    

    Jeffrey
W. Epstein

    12010
Sunset Hills Road

    Reston,
VA 20190

    

    

    Dear
Jeff:

    

    This
letter (“Letter
Agreement”) confirms our agreement concerning the extension of the term
of the employment agreement between TerreStar Networks Inc., a Delaware
corporation (the “Company”) and you, dated as
of January 15, 2008 (the “Employment Agreement”), as previously
amended by the letter agreement, dated May 20, 2008, and letter agreement
dated November 24, 2008.  This Letter Agreement serves to further
amend the Employment Agreement as set forth below as of this date.

    

    The
Company and you agree that the Employment Agreement is hereby amended in the
following regards:

    

    1.           Term of Employment;
Employment Period.

    

    Sections 2
and 5 of the Employment Agreement state that the Employment Agreement expires by
its terms on May 20, 2009, unless the Company and you mutually consent to a
renewal or extension of the Employment Period before that expiration
date.  The Company and you hereby agree to extend the Employment
Period for a one-year Renewal Term such that the Employment Agreement will
expire by its terms on May 20, 2010.

    

    2.           Miscellaneous.

    

    This
Letter Agreement shall be governed by, and construed in accordance with, the
laws of the Commonwealth of Virginia, without reference to principles of
conflict of laws.  Except as otherwise provided herein, capitalized
terms in this Letter Agreement shall have the meanings ascribed to them in the
Employment Agreement.  Except as modified by the terms of this Letter
Agreement, the Employment Agreement remains in full force and
effect.  This Letter Agreement shall not be modified, waived or
amended except by a written agreement executed by the parties hereto or their
respective successors and legal representatives.  This Letter
Agreement shall inure to the benefit of and be binding upon you, the Company and
its successors and assigns.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        
          
            
              
                
                  
                    	  	
                            TerreStar
      Networks

                            One
      Discovery Square

                            
                              12010 Sunset Hills Rd. Suite
      600

                              
                                Reston,
      VA
20190

                              

                            

                          

                  

                

              

            

          

        

      

       

    

    If the
foregoing terms are acceptable to you, please confirm your agreement by signing
your name below.  Your signature below will indicate that you are
entering into this Letter Agreement freely and with a full understanding of its
terms and effect.

    

    
      	 
      	
              Very
      truly yours,

            
	 
      	 
      
	 
      	
              /s/
      William Freeman

            
	 
      	
              William
      Freeman

            
	 
      	
              Chairman
      of the Board, TerreStar

              Corporation
      and TerreStar Networks Inc.

            
	 
      	 
      
	 
      	 
      
	 
      	 
      
	
              AGREED
      AND ACCEPTED:

            	 
      
	 
      	 
      	 
      
	
              /s/
      Jeffrey W. Epstein

            	 
      	 
      
	
              Jeffrey
      W. Epstein

            	 
      	 
      
	 
      	 
      	 
      
	
              Date:

            	
              April
      9, 2009ex10_2.htm

    Exhibit
10.2

    
       

      
        
          
            
              
                
                  
                    	  	
                            TerreStar
      Networks

                            One
      Discovery Square

                            
                              12010 Sunset Hills Rd. Suite
      600

                              
                                Reston,
      VA
20190

                              

                            

                          

                  

                

              

            

          

        

      

       

    

    

    April 9,
2009

    

    VIA HAND
DELIVERY

    

    Dennis
Matheson

    12010
Sunset Hills Road

    Reston,
VA 20190

    

    

    Dear
Dennis:

    

    This
letter (“Letter
Agreement”) confirms our agreement concerning the extension of the term
of the employment agreement between TerreStar Networks Inc., a Delaware
corporation (the “Company”) and you, dated as
of January 15, 2008 (the “Employment Agreement”), as previously
amended by the letter agreement, dated May 20, 2008, and letter agreement
dated November 24, 2008.  This Letter Agreement serves to further
amend the Employment Agreement as set forth below as of this date.

    

    The
Company and you agree that the Employment Agreement is hereby amended in the
following regards:

    

    1.           Term of Employment;
Employment Period.

    

    Sections 2
and 5 of the Employment Agreement state that the Employment Agreement expires by
its terms on May 20, 2009, unless the Company and you mutually consent to a
renewal or extension of the Employment Period before that expiration
date.  The Company and you hereby agree to extend the Employment
Period for a one-year Renewal Term such that the Employment Agreement will
expire by its terms on May 20, 2010.

    

    2.           Miscellaneous.

    

    This
Letter Agreement shall be governed by, and construed in accordance with, the
laws of the Commonwealth of Virginia, without reference to principles of
conflict of laws.  Except as otherwise provided herein, capitalized
terms in this Letter Agreement shall have the meanings ascribed to them in the
Employment Agreement.  Except as modified by the terms of this Letter
Agreement, the Employment Agreement remains in full force and
effect.  This Letter Agreement shall not be modified, waived or
amended except by a written agreement executed by the parties hereto or their
respective successors and legal representatives.  This Letter
Agreement shall inure to the benefit of and be binding upon you, the Company and
its successors and assigns.

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      
        
          
            
              
                
                  
                    	  	
                            TerreStar
      Networks

                            One
      Discovery Square

                            
                              12010 Sunset Hills Rd. Suite
      600

                              
                                Reston,
      VA
20190

                              

                            

                          

                  

                

              

            

          

        

      

      
 

    

    If the
foregoing terms are acceptable to you, please confirm your agreement by signing
your name below.  Your signature below will indicate that you are
entering into this Letter Agreement freely and with a full understanding of its
terms and effect.

    

    
      	 
      	
              Very
      truly yours,

            
	 
      	 
      
	 
      	
              /s/
      Jeffrey W. Epstein

            
	 
      	
              Jeffrey
      W. Epstein

            
	 
      	
              President,
      TerreStar Networks Inc.

            
	 
      	 
      
	 
      	 
      
	 
      	 
      
	
              AGREED
      AND ACCEPTED:

            	 
      
	 
      	 
      	 
      
	
              /s/
      Dennis Matheson

            	 
      	 
      
	
              Dennis
      Matheson

            	 
      	 
      
	 
      	 
      	 
      
	
              Date:

            	
              April
      9, 2009ex10_3.htm

    Exhibit
10.3

     

    
      
        
          
            
              
                
                  
                    	 
    	
                            TerreStar
      Networks

                            One
      Discovery Square

                            
                              12010 Sunset Hills Rd. Suite
      600

                              
                                Reston,
      VA
20190

                              

                            

                          

                  

                

              

            

          

        

      

       

      

      April 9,
2009

      

      VIA HAND
DELIVERY

      

      Douglas
Brandon

      12010
Sunset Hills Road

      Reston,
VA 20190

      

      

      Dear
Doug:

      

      This
letter (“Letter
Agreement”) confirms our agreement concerning the severance and other
benefits to which you may become entitled in the event that your employment with
TerreStar Networks Inc., a Delaware corporation (the “Company”), or its successor
terminates, as more fully described below.

      

      The
Company and you agree as follows:

      

      Should
the Company terminate your employment without Cause (as defined below), you
shall be entitled to receive a severance benefit, equal to 6 months of your base
salary in effect at that time, subject to all applicable deductions and
withholdings.  You shall also be entitled to receive this severance
benefit in the event of a Change of Control, as defined in the Company’s 2006
Equity Incentive Plan, that results in your employment being terminated without
Cause by the Company or its successor or the acquirer of substantially all the
assets of the Company (or a parent entity to such successor or acquirer) (such
successor, acquirer, and parent entity to the successor or acquirer,
collectively, the “Successor”) coincident with
or within 60 days after the closing of the Change of Control transaction (or
within 60 days after the occurrence of a Change of Control if such Change of
Control occurs in the absence of a closing).  For this purpose, if
your employment continues with the Company’s Successor following the Change of
Control transaction, you shall not be entitled to receive the severance benefit
solely on account of your employment with the Company having
terminated.

      

      Subject
to the condition described in the next sentence, the severance benefit will
commence being paid within 30 days after your last day of employment with us (or
our Successor) and will be paid pro rata in accordance the normal pay cycle of
the Company (or the employing entity) in effect when your employment
terminates.  Payment of this severance benefit is in consideration for
and conditional upon your execution and nonrevocation of a mutual release
agreement, in form and substance acceptable to the Company (or our Successor),
within 21 days after your termination of employment (or within such other time
period as may be required by applicable law), by which you release the Company
(and our Successor) and related persons from any claims, obligations
and liabilities of any type whatsoever, except for the provision of this
severance benefit.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          
            
              
                
                  
                    
                      	 
    	
                              TerreStar
      Networks

                              One
      Discovery Square

                              
                                12010 Sunset Hills Rd. Suite
      600

                                
                                  Reston,
      VA
20190

                                

                              

                            

                    

                  

                

              

            

          

        

         

      

       

      If your
employment with the Company or its Successor terminates under the conditions
described above that give rise to the payment of the severance benefit under
this Letter Agreement, any outstanding, then-unvested stock options, shares of
restricted stock or restricted stock units, or other rights to acquire equity
securities of the Company or its parent corporation (collectively, the “Award Shares”) awarded to you
under any plan of the Company or its parent corporation shall become fully
vested effective immediately prior to the effective time of your termination of
employment; provided, however, that such vesting acceleration and your rights
with respect to those Award Shares shall be conditioned upon the mutual release
agreement described above becoming effective.  The provisions of this
paragraph serve to amend any provision in an applicable award agreement or plan
document to the contrary, whether now or hereafter existing.

      

      You will
not be eligible for this severance benefit or the vesting acceleration of Award
Shares under this Letter Agreement should you voluntarily resign from the
Company or its Successor or if your employment is terminated for
Cause.  In addition, you will not be eligible for this severance
benefit or the vesting acceleration of Award Shares, except as otherwise may be
provided in the applicable award agreement or plan under which such Award Shares
are granted, in the event that your employment with the Company or its Successor
terminates as a result of your death or total disability.  Termination
for Cause for purposes
of this Letter Agreement shall mean termination on account of your willful and
continued failure to substantially perform your job duties, engaging in illegal
conduct or gross misconduct, personal dishonesty or breach of fiduciary duty to
the Company or violation of any law, rule or regulation, other than traffic
violations, misdemeanors or similar offenses.

      

      Notwithstanding
the foregoing, if payment of the severance benefit arises on account of your
separation from service while you are a “specified employee” (as defined under
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and determined in
good faith by the Company’s Compensation and Stock Option Committee), then to
the extent that a severance benefit payment constitutes a payment of “deferred
compensation” (as defined under Treasury Regulation Section 1.409A1(b)(1), after
giving effect to the exemptions in Treasury Regulation Sections 1.409A-1 (b)(3)
through (b)(12)) that is scheduled to be paid within 6 months after such
separation from service, the severance benefit payment shall accrue without
interest and shall be paid within 15 days after the end of the 6-month period
beginning on the date of such separation from service or, if earlier, within 15
days after the appointment of the personal representative or executor of your
estate following your death.  For this purpose, the right to a series
of installment payments shall be treated as a right to a series of separate
payments.  “Termination of employment,” or words of similar import, as
used in this Letter Agreement,
means for purposes of any payments under this Letter Agreement that are payments
of deferred compensation subject to Section 409A of the Code, your “separation
from service” as defined in Section 409A of the Code.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          
            
              
                
                  
                    
                      	 
    	
                              TerreStar
      Networks

                              One
      Discovery Square

                              
                                12010 Sunset Hills Rd. Suite
      600

                                
                                  Reston,
      VA
20190

                                

                              

                            

                    

                  

                

              

            

          

        

         

      

       

      The
Company agrees that, if your employment with the Company terminates, you are not
required to seek other employment or to attempt in any way to reduce any amounts
payable to you by the Company pursuant to this Letter
Agreement.  Further, the amount of any payment or benefit provided for
in this Letter Agreement shall not be reduced by any compensation earned by you
as the result of employment by another employer or by retirement
benefits.

      

      This
Letter Agreement shall constitute the entire understanding of the parties with
respect to the subject matter herein and shall supersede any and all existing
oral or written agreements, representations or warranties between you and the
Company or any of its affiliated entities relating to the terms of your
employment by the Company, but shall not supersede that certain Employee
Proprietary Information and Inventions Agreement between the Company and you
dated May 10, 2007, nor any other similar agreement by which you are bound
containing similar obligations (collectively, the “Confidentiality
Agreements”).  Nothing contained in this Letter Agreement is
intended to change the fact that your employment with the Company is “at will”
and may be terminated by either you or the Company at any
time.  Nothing in this Letter Agreement shall prevent or limit your
continuing or future participation in any benefit, bonus, incentive or other
plan or program provided by the Company and for which you may qualify, nor shall
anything herein limit or otherwise negatively affect such rights as you may have
under any stock option or other agreement with the Company or any of its
affiliated companies.  Except as otherwise provided herein, amounts
and benefits which are vested benefits or which you are otherwise entitled to
receive under any plan, program, agreement or arrangement of the Company at or
subsequent to the date that your employment terminates shall be payable in
accordance with such plan, program, agreement or arrangement.

      

      This
Letter Agreement shall inure to the benefit of and be binding upon the parties
hereto and their respective heirs, representatives, successors and
assigns.  This Letter Agreement shall not be assignable by you (but
any payments due under this Letter Agreement which would be payable at a time
after your death shall be paid to your estate).  The Company shall
require any successor, whether direct or indirect, by purchase, merger,
consolidation or otherwise, to all or substantially all of the business and/or
assets of the Company expressly to assume and agree to perform this Letter
Agreement in the same manner and to the same extent that the Company would have
been required to perform it if no such succession had taken place.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          
            
              
                
                  
                    
                      	 
    	
                              TerreStar
      Networks

                              One
      Discovery Square

                              
                                12010 Sunset Hills Rd. Suite
      600

                                
                                  Reston,
      VA
20190

                                

                              

                            

                    

                  

                

              

            

          

        

         

         

        Any
controversy, dispute or claim of whatever nature arising out of, or in relation
to, this Letter Agreement shall be resolved first by prompt, informal, good
faith negotiations
by the parties.  If a mutually satisfactory resolution is not reached
by such good faith negotiations within 45 days, the parties agree that such
controversy, dispute or claim shall be resolved exclusively through final and
binding arbitration before a single neutral arbitrator in Fairfax County,
Virginia in accordance with the Employment Dispute Resolution Rules of the
American Arbitration Association then in effect.  The parties agree
that any award rendered by the arbitrator shall be final and binding, and that
judgment upon the award may be entered in any court having jurisdiction
thereof..  The parties further acknowledge and agree that, due to the
nature of the confidential information, trade secrets, and intellectual property
belonging to the Company and its affiliates to which you have or will be given
access, and the likelihood of significant harm that the Company and its affiliates would
suffer in the event that such information was disclosed to third parties,
nothing in this paragraph shall preclude the Company from going to court to seek
injunctive relief to prevent you from violating the obligations established
under the Confidentiality Agreements.  This agreement to arbitrate
does not include claims that, by law, may not be subject to mandatory
arbitration.  These dispute resolution provisions shall survive the
expiration or termination of this Letter Agreement and of your
employment.

      

      

      This
Letter Agreement shall be governed by, and construed in accordance with, the
laws of the Commonwealth of Virginia applicable to agreements made and to be
performed in that Commonwealth, without reference to its principles of conflict
of laws.

      

      This
Letter Agreement shall not be modified, waived or amended except by a written
agreement executed by the parties hereto or their respective successors and
legal representatives.  Any provision of this Letter Agreement which
is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be deemed severable from the remainder of this Letter Agreement,
and the remaining provisions contained in this Letter Agreement shall be
construed to preserve to the maximum permissible extent the intent and purposes
of this Letter Agreement.

      

      This
Letter Agreement may be executed in any number of counterparts, by original
signature or facsimile, each of which so executed shall be deemed to be an
original, and such counterparts will together constitute but one Letter
Agreement.

      

      {Signature page
follows}

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          
            
              
                
                  
                    
                      	 
    	
                              TerreStar
      Networks

                              One
      Discovery Square

                              
                                12010 Sunset Hills Rd. Suite
      600

                                
                                  Reston,
      VA
20190

                                

                              

                            

                    

                  

                

              

            

          

        

         

         

      

      If the
foregoing terms are acceptable to you, please confirm your agreement by signing
your name below.  Your signature below will indicate that you are
entering into this Letter Agreement freely and with a full understanding of its
terms and effect.

      

      
        	 
      	
                Very
      truly yours,

              
	 
      	 
      
	 
      	
                /s/
      Jeffrey W. Epstein

              
	 
      	
                Jeffrey
      W. Epstein

              
	 
      	
                President,
      TerreStar Networks Inc.

              
	 
      	 
      
	 
      	 
      
	 
      	 
      
	
                AGREED
      AND ACCEPTED:

              	 
      
	 
      	 
      	 
      
	
                /s/
      Douglas Brandon

              	 
      	 
      
	
                Douglas
      Brandon

              	 
      	 
      
	 
      	 
      	 
      
	
                Date:

              	
                April
      9, 2009

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