Document:

Strategic Collaboration Agreement, dated August 5, 1999

 Exhibit 10.40 
  
 STRATEGIC COLLABORATION AGREEMENT 
  
 THIS AGREEMENT is entered into this 5th day of August 1999, by and between DaimlerChrysler Aerospace AG (“DASA”), a German
corporation, acting through its Space Infrastructure Division, with offices located at Hunefeldstrasse 1-5, PO Box 105909, D-28059 Bremen, Germany (“DASA-RI”); and Spacehab, Inc., a Washington State corporation with offices located
at Suite 814, 300 D Street, S.W., Washington, D.C. 20024, U.S.A. (“Spacehab”) (DASA and Spacehab are hereafter collectively referred to as the “parties”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, Spacehab develops, owns and operates pressurized and unpressurized modules and other equipment for use in transportation, research and logistical
support on board the United States National Aeronautics and Space Administration (“NASA”) Space Shuttle; and 
  
 WHEREAS, DASA has been a shareholder in Spacehab since 1995; and 
  

WHEREAS, pursuant to a Collaboration Agreement effective July 24, 1995 (the “1995 Collaboration Agreement”), the parties have cooperated in
the joint pursuit of technological innovations and new business opportunities in the environment of space; and 
  
 WHEREAS, DASA has, as of August 2, 1999, entered into a Preferred Stock Purchase Agreement with Spacehab to increase its equity participation in Spacehab
to approximately Eleven and One-Half Percent (11.50%) through the acquisition of shares in a new class of preferred stock (the “Spacehab Stock”) with the view to becoming Spacehab’s leading strategic investor (the “Subscription
Agreement”); and 
  
 WHEREAS, the parties have agreed to
update and expand the scope of their Collaboration Agreement to reflect their current objectives in cooperating with one another on technical and financial grounds; 
  
 WHEREAS, the parties envisage also cooperating beyond the scope defined in this Collaboration Agreement and will be free to
propose additional business opportunities for one another’s consideration; 

 NOW, THEREFORE, in consideration for the mutual covenants and undertakings herein contained, the parties
have agreed as follows: 
  
 1. Exclusive Common Business
Segments. 
  
 1.1 The parties agree, during
the term hereof, to collaborate technically and financially in the following areas of mutual technological interest (the “Exclusive Common Business Segments”): 
  
 (a) Human space flight support and research services in the unpressurized domain, including the development
and procurement of required flight and ground hardware, software and related payloads; and 
  
 (b) Acquisition, preparation and performance of sounding rocket missions excluding, however, DASA-RI’s ongoing TEXUS and MAXUS
programs, and 
  
 (c) Inflatable structures
excluding, however, the Inflatable Reentry and Descent Technology and its applications. 
  
 Schedule 1.1 attached hereto and hereby incorporated into and made a part of this Agreement sets forth the parties’ agreed areas of collaboration within the Exclusive Common Business Segments as of the execution of this Agreement. It
is understood that, except as set forth in sections 1.5, 1.6 and 2.4.2 below, the parties’ engagement in new lines of business and activities falling within the Exclusive Common Business Segments beyond those addressed in Schedule 1.1 will
hereafter be decided by the parties’ Joint Management Committee pursuant to article 2 of this Agreement. The parties intend to invest jointly in the procurement of flight hardware and software as a prerequisite for offering to NASA and other
customers a commercial service based on these assets and will also pursue other upcoming business opportunities in the Exclusive Common Business Segments. 
  
 1.2 Within the framework of this cooperation, DAS A will receive and Spacehab will place with DASA-RI contracts (preferably development
contracts) with a value of at least $12 million (U.S.) by December 31, 2000 (“DASA-RI Minimum Contract Award”). 
  
 1.3 Based on their joint market assessment the parties agree that, during calendar year 2001 at least $13 million (U.S.) and in calendar
year 2002 and beyond an average of $26 million in annual revenues (but in no event less than an aggregate of $65 million by the end of 2003) will be generated for DASA-RI through the parties’ collaboration on the projects listed in Schedule 1.1
in sales to NASA and other customers. These revenues will be generated from (1) customer contracts for integration and operation services and (2) contracts for the leasing of hardware procured through the parties’ joint investments, if any

  

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(“DASA-RI Minimum Revenue”). These amounts are understood to be in addition to and not to include the value of the Minimum Contract Award
defined in section 1.2 above. The average annual and aggregate revenues generated referred to in the first sentence of this Section 1.3 are subject to unforeseen events beyond the control of Spacehab which prevent Spacehab from generating such
revenues despite Spacehab’s reasonable best efforts to do so. Spacehab will take reasonable best efforts to minimize the effects of any unforeseen events. 
  

1.4 Spacehab agrees that, except as permitted under section 2.4.2 below, during the term of this Agreement, it will not enter into
agreements with any third parties for engagement in work or cooperation falling within the Exclusive Common Business Segments. 
  
 1.5 The parties hereby agree that any program already in development by either party shall be exempted from the terms of this Agreement.

  
 1.6 DASA-RI shall be free to pursue new
business opportunities falling within the Exclusive Common Business Segments (except for projects in the United States in competition with business opportunities pursued by Spacehab), whether in Europe or elsewhere, without the participation of
Spacehab. 
  
 1.7 The parties may agree to
collaborate jointly with third parties in any activities which they jointly undertake within the Exclusive Common Business Segments. 
  
 2. Joint Management Committee. 
  
 2.1 The parties’ collaboration in the Exclusive Common Business Segments shall be conducted under the direction and oversight of a
Joint Management Committee (the “Committee”). 
  
 2.2 The Committee shall be comprised of an equal number of representatives designated by Spacehab and DASA-RI. They shall choose their own chairman and adopt procedural rules of governance. 
  
 2.3 The Committee shall meet at least four times a year and
shall operate by consensus. Meetings may be held by telephone or other electronic means by which all members present may hear and be heard by one another. 
  
 2.4 The Committee shall be responsible for overseeing the parties’ implementation of the schedule of agreed lines of business and
activities set forth in Schedule 1.1 hereto. To this end the Committee will periodically review all active joint projects. Spacehab will and DASA-RI, at its sole election, may 

  

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present to the Committee during the term hereof additional or new commercial opportunities not reflected or addressed in Schedule 1.1 but falling within the
Exclusive Common Business Segments. Such presentation will include a preliminary business plan indicating the key business parameters of the opportunity. Upon receipt of such a plan the Committee will do one of the following at its next meeting

  
 (a) Agree that the candidate project shall be
considered further, or 
  
 (b) Agree that the
candidate project should not be pursued as a joint project, in which case the proposing party shall be free to pursue the opportunity independently, or 
  
 (c) Fail to agree on either (a) or (b), in which case section 2.4.2 below shall apply. 
  
 2.4.1 In the case a decision is taken under paragraph (a)
above, a project manager from each party shall be assigned to draft a business plan and a project plan to include proposed investments by the parties, if any, as well as the development and operations structures for implementation of the
opportunity. The Committee shall review the completed business and project plan and either approve the project for implementation or decide that the project should not be pursued as a joint project. The Committee may approve complete implementation,
or require the project manager to return for incremental authorization at specific milestones in the project plan. 
  
 2.4.2 If the parties elect by consensus not to collaborate on any commercial opportunity within the Exclusive Common Business Segments,
the proposing party shall be free to pursue such commercial opportunity independently from the other party, including, should it so elect, jointly with one or more third parties. If the parties, following repeated good faith efforts, fail to reach
consensus on how to respond to any commercial opportunity within the Exclusive Common Business Segments presented to the Committee, the Committee shall refer the issue for resolution by the Chairman of Spacehab and the President of DASA-RI, who
shall meet and confer on the subject in good faith. If, following such effort to resolve a bona fide deadlock between the parties, the parties are still unable to reach consensus on how to respond to the commercial opportunity within the
Exclusive Common Business Segments, then either party shall be free to engage in the business opportunity in question. 
  

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 2.4.3 If the parties fail to reach consensus following the procedure defined in section
2.4.2 above, and one party elects to pursue the business opportunity on its own (the “Electing Party”), then the other party will have a right of first refusal to match bona fide proposals by third parties for subcontract work in
pursuit of such opportunity for the Electing Party. Spacehab expressly agrees in such instance, however, not to compete with a then existing business opportunity of DASA-RI in Europe. 
  
 2.5 As part of its consideration of any commercial opportunity for the parties falling within the Exclusive
Common Business Segments (other than in cases where one party is acting in the capacity of a contractor to the other party pursuant to Section 2.4.3), the Committee shall determine the parties’ respective ownership of intellectual property
interests (including rights to seek patent protection) in any technology which will be jointly developed as a result of the parties’ engagement in the commercial opportunity. 
  
 2.6 In their consideration of new commercial opportunities within the Exclusive Common Business Segments,
the parties, acting through their appointed members on the Committee, shall work in good faith to reach consensus. Neither party shall be entitled to abstain from good faith consideration of any opportunity brought before the Committee or
deliberately to block or hinder the achievement of consensus on any such issue. 
  
 2.7 The Spacehab Executive Committee and/or Board of Directors and the DASA-RI Board of Management shall have final authority on behalf of
the respective party hereto to accept or reject any major determination by the Joint Management Committee, including any financial commitments required from the parties hereto, but they shall have no authority to alter or amend any such
determination. 
  
 3. Executive Exchange Program. Both
parties agree to exchange executive level representatives of their companies for a period of up to three months each with the goal to achieve a better understanding of each other’s structures and processes and thereby to optimize the efficiency
of the collaboration. 
  
 4. Term. 
  
 4.1 The term of this Agreement shall commence concurrently
with the initial closing of the Subscription Agreement and shall remain in effect until the earliest of the following: 
  
 (a) Following the expiration of four (4) years from the effective date of this Agreement, upon sixty (60) days prior written notice of
termination by either party (the “Notifying Party”) to the other (the “Notified Party”); 
  

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 (b) In the event that the DASA-RI Minimum Revenue is not met in 2001 or in 2002, upon
thirty (30) days prior written notice of termination by DASA-RI to Spacehab; or 
  
 (c) In the event that the DASA-RI Minimum Contract Award is not met by December 31, 2000, upon thirty (30) days prior written notice of
termination by DASA-RI to Spacehab; 
  
 (d)
Immediately upon written notice of termination by the Notifying Party in the event the Notified Party breaches any material undertaking hereunder or in the Subscription Agreement and fails to cure such breach within fifteen (15) days of receiving
notice of default from the Notifying Party. 
  
 4.2 In the event of termination of this Agreement pursuant to paragraph (a) above, the parties will promptly enter into good faith negotiations to reach a mutual agreement on the discontinuation of joint projects and they will ensure that
ongoing contractual obligations toward third parties are professionally fulfilled or wound up. 
  
 5. Notices. Any notices provided under this Agreement shall be given in writing by facsimile, confirmed by registered mail postage prepaid, and shall be addressed as follows: 
  

			
	If to DASA-RI:	  	DaimlerChrysler Aerospace AG
	 	  	Space Infrastructure
	 	  	1-5 Huenefeldstrasse
	 	  	D-28199 Bremen
	 	  	Germany
	 	  	Attention: Dr. Eckart Wolff
	 	  	Fax No.: 011-49-421-539-5000
		
	If to Spacehab:	  	Spacehab, Incorporated
	 	  	300 D Street, S.W., Suite 814
	 	  	Washington, DC 20024
	 	  	Attention: President
	 	  	Fax No.: (202) 488-3100

  

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 Notices provided in accordance with the terms hereof shall be deemed received upon receipt of the facsimile copy. Any
changes to the foregoing addresses during the term hereof shall be promptly notified to the other party in accordance with the terms of this provision. 
  
 6. Dispute Resolution. All disputes arising out of the interpretation or enforcement of this Agreement and not settled previously in an amicable
manner shall be finally settled under the rules of conciliation and arbitration of the International Chamber of Commerce by a panel of three arbitrators appointed in accordance with said rules. The arbitration proceeding shall take place in London,
England, or at such other location as the parties may mutually agree, and shall be conducted in the English language. The arbitration award shall be final and binding on the parties. Judgment upon the award may be entered in any court of appropriate
jurisdiction upon application by a party hereto. 
  
 7.
Miscellaneous Provisions. 
  
 7.1
Governing Law. This Agreement, and any disputes arising under it, shall be governed by the laws of the State of New York without reference to the conflict of laws provisions thereof. 
  
 7.2 Assignment. Neither party hereto may assign any
of its rights or delegate or otherwise transfer any of its duties under this Agreement without the prior written consent of the other party. This provision shall not apply in the event of any reorganization of either party or merger or acquisition
of a party with or by a third party where the reorganized, merged or successor party is qualified to perform the terms of this Agreement. 
  
 7.3 Waiver. The waiver of any right hereunder shall not be deemed to constitute a waiver of such right on any future occasion.

  
 7.4 Entire Agreement. This Agreement
constitutes the full understanding of the parties regarding the subject matter hereof and supersedes all previous representations, communications and understandings of the parties, whether written or oral, including, but not limited to, the 1995
Collaboration Agreement, provided, however, that the Subscription Agreement, and the Non- Disclosure Agreement executed by the parties on March 30, 1999, shall survive in full force and effect in accordance with their terms.

  

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 IN WITNESS WHEREOF, the parties hereto have affixed their signatures and seals below the first date
indicated above, intending to be bound thereby. 
  

									
	 DAIMLERCHRYSLER AEROSPACE
	 	 	 	 SPACEHAB, INCORPORATED

	 AG 08.02.99
	 	 	 	 
					
	 By:
	 	/s/ Illegible	 	 	 	 By:
	 	/s/ Illegible
					
	 Title: 
	 	 	 	 	 	 Title: 
	 	 

  

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 Schedule 1.1 
  
 AGREED AREAS OF COLLABORATION WITHIN 
 EXCLUSIVE COMMON BUSINESS SEGMENTS 
 AS OF THE EXECUTION OF THIS AGREEMENT 
  
 It is agreed that Spacehab shall, by December 31, 2000, award contracts to
DASA-RI for work within the following areas of collaboration valued in the aggregate at no less than $12 million (U.S.): 
  

	1.	Consolidated Resupply/ISS Logistics 

  

	2.	ISS Services 

  
 (a) Commercial Station Reboost and Resupply Service 
  
 (b) Carrier Hardware Interface Adapters 
  

	3.	External ISS Research Facilities 

  
 (a) Quick External Science Tray 
  
 (b) Commercial Attached Payload Service 
  
 (c) EXPRESS/TEF 
  

	4.	Experiment Integration Services/ISS Research Services 

  

	5.	ISS Research Facilities 

  
 (a) Space-DRUMSTM 
  
 (b) TEMPUS 
  

	6.	X-37 Cradle 

  

	7.	Spacehab Universal Communication System (provided DASA co-invests in the system), excepting developments and projects on said system already in process in accordance with Section
1.5 of the Agreement.Guaranty Agreement, between the Registrant and Southtrust Bank

 Exhibit 10.41 
  
 GUARANTY AGREEMENT 
  
 This Guaranty Agreement (the “Guaranty”) is made and given as of the 30th day of August, 2001, by SPACEHAB, INCORPORATED, a Washington
state corporation whose address is 300 D Street SW, Suite 814, Washington, DC 20024 (hereafter referred to as the “Guarantor”) to SOUTHTRUST BANK, an Alabama banking corporation (the “Bank”). 
  
 A. Astrotech Florida Holdings, Inc. (“Borrower”) and the Bank are
parties to a Credit Agreement (the “Credit Agreement”) of even date herewith relating to an Acquisition and Construction Loan (the “Construction Loan”) in the amount of up to $20,000,000.00 that is subject to renewal and
conversion as a Term Loan (the “Term Loan”) of up to $20,000,000.00 (collectively, the “Loan”) pursuant to the Credit Agreement. The Construction Loan is evidenced by Borrower’s Acquisition and Construction Loan Note of even
date herewith in the principal amount of up to $20,000,000.00 and the Term Loan shall be evidenced by Borrower’s Term Loan Note in the amount of up to $20,000,000.00 (collectively, the “Note”). Capitalized terms not expressly defined
herein shall have the meanings ascribed thereto in the Credit Agreement (the Credit Agreement, the Note and all documents executed in connection with the transactions contemplated thereby being referred to collectively as the “Loan
Documents”). 
  
 B. The Bank has required this Guaranty from
Guarantor as a condition of and as consideration for Bank’s entering into the Credit Agreement and Bank would not enter into the Credit Agreement or make the Loan to Borrower without being given this Guaranty. 
  
 In consideration of and as an inducement to Bank’s entering into the
Credit Agreement, the undersigned Guarantor hereby absolutely and unconditionally guarantees to the Bank payment and collection in full of all sums due to Bank under and pursuant to the Note and the Loan Documents including, without limitation, all
interest and expenses payable to Bank thereunder, whether at maturity or otherwise and the full performance of all obligations of the Borrower under the Notes and the Loan Documents all within the applicable grace or curative periods provided in the
Loan Documents (all of the foregoing guarantied obligations of the Borrower being referred to collectively as the “Obligations”). Guarantor’s obligations hereunder shall be unconditional irrespective of, among other things, the lack
of genuiness, validity, regularity or enforceability of the Loan Documents or of the obligations of the Borrower evidenced thereby, any and all suretyship defenses otherwise available to Guarantor which are hereby expressly waived and any other bar
to the enforceability of this Guaranty or of the Loan Documents against either the Guarantor or the Borrower, as the case may be. Guarantor shall, in an Event of Default under the Loan Documents, pay all amounts due to the Bank under the Loan
Documents on demand by the Bank without defense or set off, and Bank shall not be required, as a condition of such payment, to first proceed to preserve, utilize or exhaust any other right or remedy against the Borrower, any other guarantor or any
collateral or security. 
  
 The Guarantor expressly waives
acceptance of this Guaranty by the Bank, presentment and demand for payment, protest, notice of protest and notice of dishonor or non payment of any obligation of the Borrower other than as set forth above; any right to require suit against the
Borrower or any other party before enforcing this Guaranty; any right to have security applied 

 
before enforcing this Guaranty; and any right of subrogation to the Bank’s rights against the Borrower until Borrower’s obligations to the Bank are
paid in full. 
  
 The Guarantor hereby consents and agrees that
renewals and extensions of time of payment, surrender, release, exchange, substitution, dealing with or taking of additional collateral security, taking or release of other guaranties, abstaining from taking advantage of or realizing upon any
collateral security or other guaranties and any and all other forebearances or indulgences granted by the Bank to the Borrower or any other party may be made, granted and effected by the Bank without notice to the Guarantor and without in any manner
affecting its liability hereunder. 
  
 Subject to any applicable
curative period provided in the Credit Agreement, in the event that a petition in bankruptcy or for an arrangement or reorganization of the Borrower under the bankruptcy laws or for the appointment of a receiver for the Borrower or any of its
property is filed by or against the Borrower, or if the Borrower shall make an assignment for the benefit of creditors or shall become insolvent, all indebtedness of the Borrower shall, for the purposes of this Guaranty, be deemed to have become
immediately due and payable. 
  
 Any notice to Guarantor by the
Bank at any time shall not imply that such notice or any further or similar notice was required. 
  
 The Guarantor further agrees to pay to the Bank any and all costs, expenses and reasonable attorneys’ fees paid or incurred by the Bank in collecting
or endeavoring to collect the indebtedness of the Borrower or in enforcing or endeavoring to enforce this Guaranty whether out of court, in trial, on appeal, in bankruptcy or otherwise. 
  
 The Guarantor further covenants and agrees with the Bank that during such time as this Guaranty is in effect, the Guarantor
will make no material adverse change in its financial status as determined by the Bank in the exercise of its reasonable discretion. In the event of any breach of said covenant and agreement, all obligations of the Borrower under the Notes and the
Loan Documents, regardless of their terms shall, at the Bank’s discretion, be deemed for the purposes of this Guaranty to have become matured, and at the Bank’s election, the Guarantor shall promptly pay and perform all of obligations of
Borrower to the Bank, and the Bank may take any action deemed necessary or advisable to enforce this Guaranty. 
  
 In the event of any breach of the covenants and agreements of Guarantor under this Guaranty which (except for a payment default for which no curative
period is applicable) are not cured within thirty (30) days after the earlier to occur of actual notice by Guarantor or receipt of written notice by Guarantor of such breach from Bank, all obligations of the Borrower under the Notes and the Loan
Documents, regardless of their terms shall, at the Bank’s discretion, be deemed for the purposes of this Guaranty to have become matured, and at the Bank’s election, the Guarantor shall promptly pay and perform all of the obligations of
Borrower to the Bank, and the Bank may take any action deemed necessary or advisable to enforce this Guaranty. 
  
 The provisions of this Guaranty are for the benefit of Bank and its respective successors and assigns, and nothing herein contained shall impair as
between any obligor and Bank the obligations of any obligor under the Loan Documents. 

 This Guaranty contains the entire agreement of the parties with respect to the subject matter hereof and
supersedes all prior agreements relating to such subject matter and cannot be amended or supplemented, except by a written agreement signed by such Guarantor and Bank. 
  
 In the event that any one or more of the provisions contained in this Guaranty shall be determined to be invalid, illegal or
unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision or provisions in every other respect and of the remaining provisions of this Guaranty shall not be in any way impaired. 
  
 The failure of Bank to enforce any right or remedy hereunder, or promptly to
enforce any such right or remedy, shall not constitute a waiver thereof, nor give rise to any estoppel against Bank, nor excuse Guarantor from Guarantor’s obligations hereunder. Any waiver of any such right or remedy must be in writing and
signed by Bank. 
  
 This Guaranty shall not expire until all of
the Obligations to Bank have been satisfied. This Guaranty shall be binding upon the Guarantor and its respective heirs, executors, administrators and assigns jointly and severally, and shall inure to the benefit of the Banks, its successors and
assigns. The terms “Guarantor” and any pronouns referring thereto and used herein shall be construed in the masculine, feminine, neuter, singular or plural as the context may require. 
  
 IN WITNESS WHEREOF, this Guaranty has been executed and delivered to
the Banks by the undersigned Guarantor as of the day and year first written above. 
  

			
	SPACEHAB, INCORPORATED
		
	By:	 	/s/    JULIA PULZONE        
	 Name:
	 	Julia Pulzone
	 Its:
	 	Chief Financial Officer

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