Document:

Memorandum of Agreement on Settlement dated as of February 25, 2005

 Exhibit 10.5 
  
 Pages where confidential treatment has been requested are stamped “Confidential Treatment Requested.” The redacted materials have
been separately filed with the SEC; the appropriate section has been marked at the appropriate place with a “*.” 
  
 MEMORANDUM OF AGREEMENT 
 ON
SETTLEMENT 
  
 THIS MEMORANDUM OF AGREEMENT ON SETTLEMENT (this
“MOA”) is entered into as of this 25th day of February, 2005 by and between WorldSpace, Inc., a company
organized under the laws of the State of Delaware, USA, with its principal place of business at 2400 N Street, NW, Washington, DC 20037, USA, WorldSpace Satellite Company Ltd., a company organized under the laws of the British Virgin Islands, with
its principal place of business at Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, the British Virgin Islands, here WSI and WSC shall act jointly and severally as one Party [fax number+12029696560] and Alcatel Space (“Alcatel”), a
company organized under the laws of the Republic of France, having its registered office at 12, rue de la Baume 75008 Paris – FRANCE [fax number +33155661021]. 
  
 WorldSpace, Inc. and WorldSpace Satellite Company Ltd. are collectively referred to herein as “WorldSpace.” 
  
 WorldSpace and Alcatel are collectively referred to herein as the “Parties” and
individually as a “Party.” 
  
 PREAMBLE 
  
 WorldSpace and Alcatel entered into and executed (i) the Amended and Restated IOD Contract
dated October 8, 1995 and several amendments thereto (the “IOD Contract”); (ii) the WorldStar DAVB End-to-End System Contract dated November 9, 1995 and several amendments thereto (the “End-to-End Contract”) and (iii) the
WorldStar On-Station Operations Services Contract dated June 26, 1996 and several amendments thereto (the “OSOS Contract”). 
  
 The IOD Contract, End-to-End Contract and OSOS Contract are collectively referred to herein as “the Contracts”. 
  
 WorldSpace owes certain amounts to Alcatel with respect to the Contracts (the
“Outstanding Payable”), and the Parties desire to settle the Outstanding Payable and to terminate the Contracts. 
  
 ASTRIUM is a French space company presently responsible for storing F3 satellite and F4 platform equipment pursuant to a subcontract entered into between Alcatel and
Astrium. 
  
 WorldSpace is planning an Initial Public Offering
(“IPO”) of its common stock, as described in Exhibit 1 attached hereto. 
  
 The Parties are entering into this MOA intending to be bound hereby, it being understood, however, that certain provisions hereof shall not become effective and binding on the Parties until the Effective Date (as defined in Article 6).

  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 1/13 

 NOW, THEREFORE, in consideration of the above and of the mutual covenants and obligations
hereinafter set forth, the Parties hereby agree as follows: 
  
 Article
1 – MOA Documents 
  
 This MOA consists of this writing
dated the day and year first written above. In addition, the following shall constitute exhibits to this MOA, pursuant to the procedure below: 
  

	 	•	 	Exhibit 1 : Description of Initial Public Offering terms and conditions 

  

	 	•	 	Exhibit 2 : F3 and F4 certificates of final acceptance 

  

	 	•	 	Exhibit 3 : F3 and F4 storage and maintenance contracts 

  

	 	•	 	Exhibit 4 : F3 Certificate of Title 

  

	 	•	 	Exhibit 5 : F4 Certificate of Title 

  
 Article 2 – Debt Settlement 
  
 For the purpose of the debt settlement provisions of this MOA, the Parties have agreed to reduce the amounts outstanding owed in all respects by
WorldSpace to Alcatel through 31 March 2005, from US$ twenty-six (26) million to US$ nineteen (19) million (the “Settlement Amount”). WorldSpace shall pay such Settlement Amount to Alcatel in accordance with Article 3 hereafter.

  
 WorldSpace further agrees that, in the event “*”
                 requests payment from Alcatel with respect to a claim for price adjustments pursuant to the “*”
                 between Alcatel and “*”                  (the “*”
                 Claim”), the Parties shall jointly enter into negotiations with “*”
                 and use commercially reasonable efforts to eliminate or reduce the amount claimed. The Parties further agree that WorldSpace will be liable for payment
of such portion of the “*”                  Claim equal to the lesser of the total amount thereof as finally determined and US$ two (2.0) million, if and when
it becomes due, and acknowledge that such payment would be in addition to the Settlement Amount. Notwithstanding the above, Alcatel has indicated to WorldSpace that, to its knowledge and belief, Alcatel has had no communication from “*”
                 in the last two years suggesting that “*”                  has
an intention to pursue such claim. 
  
 Article 3 – Payment Agreement

  
 The Parties agree to the following payment arrangements
in full settlement of the Settlement Amount: 
  

	 	3.1	WorldSpace has paid Alcatel in 2005 the amount of US$ one (1.0) million (credited by Alcatel on January 6, 2005). 

  

	 	3.2	WorldSpace shall pay, by wire transfer, an additional cash amount of US$ nine (9.0) million on the Effective Date. 

  
  
 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 2/13 
  
  
  

	 	*	Confidential Treatment Requested. The redacted material has been separately filed with the Commission. 

  
  

	 	3.3	WorldSpace shall pay, by wire transfer, an additional cash amount of US$ two (2.0) million on the earlier to occur of: (i) the date that is 15 days after the closing of the IPO, and
(ii) August 31, 2005. Should such payment not be made as specified in the foregoing sentence, Alcatel shall then be entitled to call, without any prior notice, the irrevocable standby letter of credit (the “L/C”) in accordance with the
provisions set forth in Article 3.6. 

  

	 	3.4	Except as provided below in this Article 3.4, the balance of US$7.0 million shall be paid by WorldSpace by the issuance of shares of its common stock to Alcatel at the closing of
the IPO, with the number of shares to be determined by dividing US$ seven (7.0) million by the IPO price. Delivery of the shares to Alcatel shall take place at the closing of the IPO. At the closing of the IPO, WorldSpace shall enter into a
customary registration rights agreement with Alcatel which agreement shall be in form and substance satisfactory to Alcatel, in order to provide Alcatel with “piggyback registration rights” with respect to such shares at the expense of
WorldSpace (other than underwriters’ discounts and commissions, which shall be borne by Alcatel). WorldSpace represents and warrants that it is not, nor shall it become, a party to any other registration rights agreement the terms of which
would preclude WorldSpace from providing “piggyback registration rights” hereunder to Alcatel. Alcatel acknowledges that the shares to be received by it hereunder will not have been registered under the U.S. Securities Act of 1933 and may
not be reoffered or sold unless such shares have been so registered or are reoffered and sold in a transaction exempt from such registration. WorldSpace shall take whatever action is necessary or required to ensure that the shares received by
Alcatel are listed in the same manner as the shares sold in the IPO. WorldSpace represents and warrants that the shares will be duly authorized and when issued to Alcatel hereunder will be validly issued, fully paid and non-assessable, will be
issued in compliance with all applicable federal and state securities laws and will be free and clear of all other liens. 

  
 Should there not be a closing of an IPO by December 31, 2005, the amount of US$ seven (7.0) million in cash shall become due and payable on January 31,
2006, from WorldSpace to Alcatel. 
  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 3/13 

	 	3.5	All cash payments to be made by WorldSpace to Alcatel shall be made by WorldSpace to the following bank account : 

  
 ABN AMRO BANK 
 NEW YORK branch 
 500 Park Avenue

 NY 10022 USA 
 SWIFT Code :
ABN AUS 33 
 Account number : 456060386441 
  
 Any payments payable by WorldSpace shall be deemed to have been made when Alcatel’s bank account has been credited of the same. 
  

	 	3.6	In order to secure the payment due under Article 3.3, WorldSpace shall cause the issuance of a letter of credit (the “L/C”) on the Effective Date. The terms and conditions
of the L/C shall be satisfactory to Alcatel in all respects in accordance with the following provisions : 

  

	 	i)	Standby letter of credit : irrevocable and unconditional 

  

	 	ii)	L/C coming into force : no later than the Effective Date 

  

	 	iii)	Applicant: WorldSpace 

  

	 	iv)	Beneficiary : Alcatel 

  

	 	v)	Issuing Bank : first class bank acceptable to Alcatel 

  

	 	vi)	L/C Amount : US$ two (2) million 

  

	 	vii)	Call : If WorldSpace does not honour the payment set forth in Article 3.3 at the date set forth in such Article 

  

	 	viii)	Payment : at sight against presentation of written statement by Alcatel that WorldSpace has defaulted in making the payment set forth in Article 3.3 and a copy of this MOA certified
by a representative of Alcatel 

  

	 	ix)	Subject to The Uniform Customs and Practice for Documentary Credits (1993 Revision) ICC Publication No. 500 

  

	 	x)	Governing law : State of New York, USA 

  

	 	xi)	Maturity : September 30, 2005 

  
 Article 4 – Title and Risk; Contracts Termination 
  

	 	4.1	Title and acceptance – F3 

  
 Transfer of title to the satellite built by Alcatel under contract to WorldSpace and known as F3 (hereinafter “F3”) shall pass to WorldSpace
upon the last to occur of satisfaction of the following cumulative conditions : 
  

	 	i)	Payment of the amount set forth in Article 3.2 by the date specified therein; and 

  

	 	ii)	Delivery to Alcatel of an L/C issued complying with the provisions of Article 3.6 by the date specified therein; and 

  

	 	iii)	The effectiveness of a storage and maintenance contract for F3 with Alcatel or Astrium ; the Alcatel contract is attached as Exhibit 3; and 

  

	 	iv)	Execution and delivery by WorldSpace of the F3 Final acceptance certificate in the form attached as Exhibit 2. 

  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 4/13 

 Once all these conditions are met, Alcatel shall execute and deliver to WorldSpace a Certificate of Title
in the form attached as Exhibit 4. 
  
 The amounts due from
WorldSpace, and the relevant due dates, under this MOA shall not be affected by whether and/or when WorldSpace finally accepts F3. 
  

	 	4.2	Title and acceptance – F4 

  
 Transfer of title to certain satellite components held by Alcatel under contract to WorldSpace and known as the F4 equipment shall pass to WorldSpace upon
satisfaction of the following cumulative conditions : 
  

	 	i)	WorldSpace has fully and timely performed its obligations set forth in Articles 3.1 to 3.4 and 3.6; and 

  

	 	ii)	The effectiveness of a contract between WorldSpace and Alcatel and/or Astrium for storage and maintenance of F4 equipment in their respective possession; the Alcatel contract is
attached as Exhibit 3; and 

  

	 	iii)	The filing of a complete application by Astrium and/or Alcatel (as applicable), on behalf of WorldSpace, for the issuance of active job processing (“perfectionnement actif
suspension”) with respect to F4 equipment to be stored by it and/or them; and 

  

	 	iv)	Execution and delivery by WorldSpace of the F4 Final acceptance certificate in the form attached as Exhibit 2. 

  
 Once all these conditions are met, Alcatel shall execute and deliver to
WorldSpace a Certificate of Title in the form attached as Exhibit 5. 
  
 The amounts due from WorldSpace, and the relevant due dates, under this MOA shall not be affected by whether and/or when WorldSpace finally accepts F4. 
  
 Unless otherwise agreed between the Parties, should WorldSpace not perform its payment obligations as set forth in Article
3.4, then Alcatel, as the owner of F4, shall be entitled to dispose of such equipment subject to reasonable prior notice to WorldSpace. Should Alcatel sell F4 for an amount exceeding US$ seven (7) million, then Alcatel shall refund WorldSpace with
the difference between US$ seven (7) million and the sale price. 
  

	 	4.3	reserved 

  

	 	4.4	Transfer of Risk 

  
 Transfer of risk to F3 shall pass to WorldSpace upon transfer of title and WorldSpace shall be responsible for entering into a storage and maintenance
agreement either with Astrium or Alcatel and for 

  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 5/13 

 
subscribing an insurance policy that will cover damage to and risk of loss of F3. 
  
 Transfer of risk to F4 shall pass to WorldSpace upon transfer of title and WorldSpace shall be responsible for entering into
storage and maintenance agreements with Alcatel and/or Astrium and for subscribing an insurance policy that will cover damage to and risk of loss of F4. 
  

	 	4.5	Termination of Contracts 

  
 Except as otherwise provided in Article 6.3, on the Effective Date, the Contracts will be terminated and neither Party shall have any liability or
obligation of any kind, (including without limitation any liability or obligation that is, under the terms of the contracts, a surviving liability obligation) under law or otherwise, toward the other Party under the Contracts. 
  
 The two major subcontracts under the IOD Contract, namely the Launch
Services Agreement (between Alcatel and Arianespace), as amended and the Spacecraft Subcontract (between Alcatel and Astrium SAS), as amended will be terminated by Alcatel. 
  

	 	4.6	Limit of Liability 

  
 IN NO EVENT SHALL EITHER PARTY, ITS AFFILIATES, SUBCONTRACTORS, OFFICERS, EMPLOYEES OR AGENTS, BE LIABLE, IN CONTRACT, IN TORT, OR OTHERWISE FOR ANY
INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY NATURE ARISING WITH RESPECT TO THIS MOA AT ANY TIME FROM ANY CAUSE WHATSOEVER, INCLUDING SPECIFICALLY BUT WITHOUT LIMITATION, LOSS OF PROFITS OR REVENUE, LOSS OF FULL OR PARTIAL USE OF ANY EQUIPMENT, LOSSES
BY REASON OF OPERATION OF ANY DELIVERABLE ITEM AT LESS THAN CAPACITY, DELAYS, COST OF REPLACEMENTS, COST OF CAPITAL, LOSS OF GOODWILL, CLAIMS OF CUSTOMERS, OR OTHER SUCH DAMAGES. 
  
 Article 5 – Taxes 
  
 The Settlement Amount is exclusive of any custom duties, VAT, import taxes, sales taxes or charges, levied in the country of delivery. These taxes, if
applicable, will be paid by Worldspace in compliance with regulations in force at that time. Such taxes shall be in addition to the other payments due to Alcatel hereunder. 
  
 Alcatel and Astrium issued an active job processing (“perfectionnement actif suspension”) in order to receive
satellite components and equipment in suspension of any taxes and duties. 
  
 In order to maintain this suspension and to address VAT issues, Alcatel or Astrium will issue, at the request of WorldSpace, within the framework of the activities to be performed under the storage and maintenance
contract to 

  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 6/13 

 
be concluded with WorldSpace, in the name and for the account of WorldSpace, an active job processing (“perfectionnement actif suspension” ) for
the delivery of F3 or F4 satellite, components and equipment. WorldSpace will reimburse Alcatel’s or Astrium’s documented and reasonable expenses incurred in connection with such active job processing. 
  
 For the purpose of maintenance, the F3 and F4 will be delivered to the
premises of Alcatel or Astrium pursuant to the applicable storage and maintenance contract. 
  
 Article 6 – Effective Date and Related Matters 
  

	 	6.1	As of the date hereof, only Articles 2 and 6 through 12 are binding on the Parties. 

  

	 	6.2	On or prior to the seventh business day from the date hereof, Alcatel may elect in its sole discretion, by written notice thereof to WorldSpace, to declare the effectiveness, as of
the later of the third business day following delivery of such notice or March 4, 2005 (the “Effective Date”), of the following provisions of this MOA: Articles 1, 3, 4 and 5. In the event Alcatel fails to give such notice to WorldSpace on
or prior to the seventh business date from the date hereof, this MOA shall be terminated and neither Party shall have any further obligation to the other hereunder except pursuant to Article 7. 

  

	 	6.3	Should the payment described in Article 3.2 not be made on the Effective Date, then (i) the Settlement Amount shall be equal to the US$26 million amount specified in Article 2, plus
accrued interest calculated in accordance with the Contracts, and the provisions of Articles 1, 3, 4 and 5 shall no longer be effective and binding on the Parties, (ii) Alcatel shall be entitled to invoice WorldSpace immediately for such amount,
shall be entitled to be paid under the terms of the Contracts, and (iii) shall be entitled to pursue all remedies permitted under the Contracts and under law, with WorldSpace being deemed to have waived any notice periods relating to default,
breach, or non payment under any of the Contracts. 

  

	 	6.4	 In the event that all or any portion of the Settlement Amount paid by WorldSpace to Alcatel pursuant to this MOA ( the “Invalidated Portion” ) is
subsequently invalidated, set aside or required to be repaid or turned over to a trustee, receiver, debtor-in-possession, Unsecured Creditor’s Committee or any other person or entity for any reason whatsoever including, without limitation,
under any insolvency, bankruptcy, common law, equitable doctrine or any state or federal insolvency proceeding or case, including, without limitation, a case under Chapter 7 or 11 of Title 11 of the United States Code (an “Insolvency
Event”), any and all claims under the Contracts (“Contract 

  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 7/13 

	 	 
Claims”), less any portion of the Settlement Amount paid by WorldSpace to Alcatel not repaid or turned over by Alcatel to any trustee, receiver,
debtor-in-possession, Unsecured Creditors’ Committee or any other party, shall be automatically reinstated, without any reduction and this MOA shall be deemed null, void, invalid and unenforceable. In the case of any Insolvency Event, Alcatel
shall be entitled to file any and all Contract Claims, and shall have all rights and remedies in connection with Contract Claims as if this MOA had not been entered into. 

  
 Notwithstanding any of the foregoing to the contrary, in the event the
Invalidated Portion is US$ seven (7) million or less, the maximum amount which Alcatel may claim with respect to any Contract Claim shall be limited to the amount of the Invalidated Portion plus any interest and expenses otherwise available under
applicable law, provided however that the foregoing limitations shall not apply in the event that following the occurrence of an Insolvency Event WorldSpace or any successor or assignee thereof, including without limitation any Unsecured
Creditor’s Committee or Chapter 7 trustee, shall file a counterclaim or claim of set-off, recoupment or subordination against Alcatel with respect to any of the Contracts. 
  
 Article 7 – Confidentiality 
  

	 	7.1	Neither Party shall mention or disclose any information relating to this MOA without the prior written consent of the other, except (i) to its attorneys, accountants or financial
advisors, (ii) as may be required by applicable law or any rule, regulation or agreement applicable to the listing of the securities of either Party on a stock exchange or similar body or (iii) in connection with any judicial arbitral or other
proceeding instituted by any Party with respect to this MOA. In the event that it is required by applicable law that a copy of this MOA be filed with the United States Securities and Exchange Commission ( “SEC” ) or similar regulatory body
in any jurisdiction outside the United States, the Parties agree that they will request the SEC or such regulatory body grant confidential status to any portion or portions of this MOA that either Party requests be so treated.

  

	 	7.2	 At least five (5) businesses days prior to (i) the filing of any registration statement or prospectus with the SEC or similar regulatory body in any jurisdiction
outside the United States for the offering of any of its securities to members of the public, or any amendment to such registration statement or (ii) the distribution of any private placement memorandum or similar document under which its securities
are offered for sale, WorldSpace shall provide Alcatel with a draft copy of the portion or portions of such registration statement, prospectus, private placement memorandum or similar document which refer to Alcatel, and will discuss 

  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 8/13 

	 	 
in good faith any of Alcatel’s comments thereto. Alcatel shall have no liability to WorldSpace with respect to any statement or alleged statement in or
omission or alleged omission from such registration statement, prospectus, private placement memorandum or similar document ( unless such statement or alleged statement or omission or alleged omission was made in reliance upon and in conformity with
information not otherwise known to WorldSpace and furnished in writing to WorldSpace by Alcatel specifically for use therein ). 

  
 Article 8 – Applicable Law 
  
 This MOA and performance under it shall be governed by, and construed and enforced in accordance with, the laws in force in the State of New York, without
regard to conflict of laws provisions thereof, except Section 5-1401 of the General Obligations Law of the State of New York. 
  
 All disputes arising out of or in connection with this MOA shall be finally settled under the rules of arbitration of the ICC (International Chamber of
Commerce) by one or more arbitrators appointed in accordance with the said rules in Paris, France. Such arbitration shall be conducted in the English language. 
  

Article 9 – Notices 
  
 Any notice or communication given by either Party hereto to the other shall be in writing and personally delivered, or mailed by registered or certified
mail, return receipt requested, postage prepaid, or delivered by a recognized courier service (such as Federal Express or DHL), or sent by facsimile transmission, to the address or facsimile number for each Party first set forth above. Any such
notice shall be deemed given when actually delivered (which, in the case of a facsimile transmission, shall occur upon receipt of the answerback) or upon refusal by a Party to accept delivery. Any Party may change its address for purposes of notice
by delivering notice to the other Party in accordance with this Article. 
  
 Article 10 – Representations and Warranties 
  
 WorldSpace hereby represents and warrants to Alcatel that : 
  

	 	i)	it is duly authorised to enter into this MOA; 

  

	 	ii)	this MOA does not conflict with its organizational documents or any other agreement or obligations whatsoever of WorldSpace; 

  

	 	iii)	the obligations undertaken by WorldSpace under this Agreement are valid, legally binding and enforceable; 

  

	 	iv)	there is no litigation, arbitration or other proceeding pending, or to its knowledge threatened, against it which may affect in a material manner its ability to fulfil any of its
obligations under this MOA; 

  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 9/13 

	 	v)	no meeting has been convened for its liquidation or winding-up, no such step is intended by it and, so far as it is aware, no petition, application or the like is outstanding for
its liquidation or winding-up; and 

  

	 	vi)	it (a) has not entered into the transaction contemplated by this MOA with the actual intent to hinder, delay, or defraud any creditor and (b) has received reasonably equivalent
value in exchange for its obligations under this MOA. After giving effect to the transactions contemplated by this MOA, the fair saleable value of its assets exceeds and will, immediately following the Effective Date, exceed its total liabilities,
including the maximum amount of its known contingent liabilities on its debts as such debts become absolute and matured. Its assets do not and, immediately following the Effective Date, will not, constitute unreasonably small capital to carry out
its business as conducted or as proposed to be conducted. It does not intend to, and does not believe that it will, incur debt and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debt and
liabilities as they mature (taking into account the timing and amounts of cash to be received by it and the amounts to be payable on or in respect of its obligations). 

  
 Alcatel hereby represents and warrants that : 
  

	 	vii)	it is duly authorised to enter into this MOA; 

  

	 	viii)	this MOA does not conflict with its organizational documents or any other agreement or obligations whatsoever of Alcatel; 

  

	 	ix)	the obligations undertaken by Alcatel under this MOA are valid, legally binding and enforceable; and 

  

	 	x)	there is no litigation, arbitration or other proceeding pending, or to its knowledge threatened, against it which may affect in a material manner its ability to fulfil any of its
obligations under this Agreement; and 

  

	 	xi)	no meeting has been convened for its liquidation or winding-up, no such step is intended by it and, so far as it is aware, no petition, application or the like is outstanding for
its liquidation or winding-up. 

  
 Article 11 – Severability

  
 In the event any one or more of the provisions of this
MOA shall, for any reason, be held to be invalid or unenforceable, the remaining provisions of this Agreement shall be unimpaired and the invalid or unenforceable provision shall be replaced by a mutually acceptable provision which, being valid and
enforceable, comes closest to the intention of the Parties underlying the invalid or unenforceable provision or otherwise shall be deemed to be deleted from the Agreement. 
  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 10/13 

 Article 12. Miscellaneous 
  

	 	12.1	Joint and Several Liability 

  
 WorldSpace, Inc. and WorldSpace Satellite Company shall be jointly and severally liable for all obligations of WorldSpace hereunder. 
  

	 	12.2	Headings 

  
 Section headings contained in this MOA are inserted for convenience of reference only, shall not be deemed to be a part of this MOA for any purpose and
shall not in any way define or affect the meaning, construction or scope of any of the provisions hereof. 
  

	 	12.2	Further Assurances 

  
 Each Party shall take, or shall cause to be taken, such further actions to execute, deliver and file, or cause to be executed, delivered and filed, such
further documents and instruments, and to use best efforts to obtain such consents, as may be necessary or as may be requested to effectuate fully the purposes and terms of this MOA, whether before, at or after the date first set forth hereinabove.

  

	 	12.3	Amendment; Waiver 

  
 No amendment, modification or discharge of this MOA, and no waiver hereunder, shall be valid or binding unless set forth in writing and duly executed by
the Party against whom enforcement of the amendment, modification, discharge or waiver is sought. 
  

	 	12.4	Enforcement of Provisions 

  
 No delay or failure at any time on the part of any Party in exercising any right, power or privilege under this MOA, or in enforcing any provisions of
this MOA, shall (i) impair any such right, power or privilege, (ii) be construed as a waiver of such provision, (iii) be construed as a waiver of any default or as an acquiescence therein or (iv) affect the right of such Party thereafter to enforce
each and every provision of this MOA in accordance with its terms. 
  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 11/13 

	 	12.5	Entire Agreement 

  
 This MOA constitutes the entire agreement among the Parties with respect to the subject matter hereof, and supersedes all prior oral or written
agreements, commitments or understandings with respect to such matters. This MOA (together with the Exhibits hereto) shall be binding upon and shall inure to the benefit of the Parties and their respective heirs, devisees, executors, administrators,
legal representatives, successors and assigns. This MOA shall not inure to the benefit of any third party. 
  

	 	12.6	Non assignment 

  
 This MOA shall not be assignable by any or either Party without the prior written consent of the other Party or Parties. 
  

	 	12.7	Expenses 

  
 Each Party shall pay its own expenses incident to the negotiations and preparation of this MOA and with respect to the transactions contemplated hereby,
including all legal and accounting fees and disbursements. 
  

	 	12.8	Counterparts; Facsimile Execution 

  
 This MOA may be executed in one or more counterparts, and by the different Parties in separate counterparts, each of which when so executed and delivered
shall constitute a single, binding instrument. To facilitate execution, this MOA may be executed through the use of facsimile transmission, and a counterpart of this MOA that contains the facsimile signature of a Party shall constitute an executed
counterpart of this MOA. 
  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 12/13 

 IN WITNESS WHEREOF, this MOA has been executed by a duly authorized representative of each Party as of the date first
above written. 
  

					
	WorldSpace, Inc.	 	WorldSpace Satellite Company Ltd.	 	Alcatel Space
			
	By: /s/    Noah A. Samara            	 	By: /s/    Noah A. Samara            	 	By: /s/    Laurent [Mourre]            
			
	Name: Noah A. Samara	 	Name: Noah A. Samara	 	Name: Laurent [Mourre]
			
	Title: Chairman & CEO	 	Title: President	 	Title: VP Business Development
			
	Date: February 25, 2005	 	Date: February 25, 2005	 	Date: February 25, 2005

  

 MEMORANDUM OF AGREEMENT ON SETTLEMENT - page 13/13Strategic Cooperation Agreement

 Exhibit 10.6 
  

			
	

	  	

  
 STRATEGIC COOPERATION AGREEMENT BETWEEN ANALOG DEVICES, INC. AND WORLDSPACE,
INC. FOR THE DEVELOPMENT AND MARKETING OF WORLDSPACE-READY ANALOG DSP
PLATFORMS 
  
 This Strategic Cooperation
Agreement (“Agreement”) is made this 5th day of November 2003 (the “Effective Date”), by and
between Analog Devices, Inc., (“Analog”), a Delaware corporation with its principal offices at One Technology Way, Norwood, Massachusetts 02062-9106, and WorldSpace, Inc. (“WorldSpace”), a Maryland corporation with its principal
offices at 2400 N Street, NW, Washington, D.C., 20037, referred to collectively below as the Parties. 
  
 RECITALS 
  
 WHEREAS, WorldSpace is a digital direct radio satellite communication company providing free-to-air and subscription audio, data and multimedia services; and 
  
 WHEREAS, WorldSpace has licensed the manufacture of fixed/portable satellite receivers which incorporate specially designed
STARMANTM chipsets capable of decoding the
WorldSpace satellite digital signals; and 
  
 WHEREAS, WorldSpace
has specified a new generation of mobile receivers intended to enable the seamless reception of the WorldSpace satellite digital signals combined with their terrestrially retransmitted replicas, based on an enhanced waveform format, and 

 
 WHEREAS, WorldSpace intends to offer a subscription-based hybrid
satellite/terrestrial service to mobile receivers in selected markets within the coverage of its satellites and with the adequate complement of terrestrial retransmitters; 
  
 WHEREAS, WorldSpace desires to encourage companies interested in implementing the mobile receiver solution for the
development and marketing of products enabled to receive mobile services, 
  
 WHEREAS, Analog is a global leader in the design, development and manufacture of Digital Signal Processor’s (DSP), RF IC’s, Mixed-Signal processing technology and related technology used in various signal
processing and other technology applications around the world; 
  
 WHEREAS, Analog designs, develops, manufactures, markets, sells, and licenses certain proprietary integrated circuits, software, hardware, electronic reference designs, and related technology; 
  

			
	Confidential	  	Page 1 of 17

			
	

	  	

  

 WHEREAS, Analog desires to implement the WorldSpace Mobile Receiver solution on their DSP chip-based
platforms, 
  
 WHEREAS, the Parties have collaborated in the
design and development of a mobile receiver solution based on the WorldSpace hybrid satellite/terrestrial architecture, utilizing Analog’s commercially available Blackfin DSP Processor and standard electronic components, and targeted at OEM
Equipment suppliers and associated vendors, under the terms of a non-binding Memorandum of Understanding dated November 26, 2002; and 
  
 WHEREAS, the Parties intend to establish a strategic cooperation agreement for the development, marketing and distribution of DSP-based mobile receiver
solutions to potential customers such as receiver and other consumer electronics product manufacturers. 
  
 In consideration of the foregoing, the Parties set forth herein the principles that underlie such definitive agreement: 
  
 1. DEFINITIONS 
  
 For the purpose of this Agreement, the following terms when used with a
capital initial letter shall have the respective meanings set forth below. 
  
 1.1
“WorldSpace System” shall mean a satellite-based digital audio, data, messaging and/or video broadcasting system using time division multiplex (“TDM”) downlink and PSK modulation, comprising 3 satellites with 3 beams per
satellite, 2 TDM carriers with opposite circular polarization per beam, 96 primary rate channels with 16 Kbps per carrier, equivalent to a maximum of 1728 broadcast channels, which uses source coding schemes as specified in the WorldSpace Format
and/or the WorldSpace Mobile Format. 
  
 1.2 “WorldSpace Format”
shall mean the TDM bit stream structure as defined in WorldSpace DAVB Digital Format Requirements document WST-PMO-DDS-002-000000 Issue 8 (or the actual release). 
  
 1.3 “WorldSpace Mobile Format” shall mean the WorldSpace DAVB Digital Format as enhanced to improve satellite reception in
a mobile environment, augmented by specifications of the terrestrial retransmission component, and including an Over-Air Authorization Channel, attached hereto, and made part hereof as Appendix 1. 
  
 1.4 “WorldSpace Mobile Receiver” shall mean a device, accepting one program
bit stream, either from a WorldSpace satellite or from the terrestrial retransmission system, or from a 

  

			
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suitable combination of both, according to the WorldSpace Mobile Format and that provides access to the digital broadcast channel data bits. 
  
 1.5 “Platform” shall mean the WorldSpace-Ready Analog DSP Platform
consisting of an Analog DSP chip, manufactured by Analog or its Subcontractor(s) and associated components, configured and programmed to process information or data according to the WorldSpace Mobile Format and that: 
  

	 	i)	Demodulates and decodes the selected satellite TDM stream to recover the prime rate channels; 

  

	 	ii)	Decodes the Over the Air Authorization Channel signal for selective enabling or disabling of received signals; 

  

	 	iii)	Demodulates and decodes satellite signals terrestrially retransmitted over Multi-Carrier Modulated waveforms; 

  

	 	iv)	Performs suitable combining of received satellite and terrestrial signals to provide seamless reception of audio, data and video signals; and 

  

	 	v)	Provides other outputs needed to support the features mutually agreed to with selected Consumer Electronics Products manufacturers. 

  
 1.6 “WorldSpace Intellectual Property Rights” shall mean the patents and
patent applications, anywhere in the world, and all continuations, continuations-in-part, divisions, reissues, reexaminations, substitutions, additions and extensions thereof, and all supplementary protection certificates, relating to the WorldSpace
Format, WorldSpace Mobile Format, the WorldSpace System and the WorldSpace Receiver technology that WorldSpace owns. WorldSpace Intellectual Property Rights are set forth in Appendix 2. 
  
 1.7 “FhG Intellectual Property Rights” shall mean the patents and patent
applications, anywhere in the world, and all continuations, continuations-in-part, divisions, reissues, reexaminations, substitutions, additions and extensions thereof, and all supplementary protection certificates, that are owned by Fraunhofer
Gesellschaft zur Förderung der Angewandten Forschung e.V. (“FhG”), and used in the WorldSpace Format, WorldSpace Mobile Format and the WorldSpace Receiver technology. FhG Intellectual Property Rights are set forth in Appendix
3. 
  
 1.8 “Analog Intellectual Property Rights” shall mean
the patents and patent applications, anywhere in the world, and all continuations, continuations-in-part, divisions, reissues, reexaminations, substitutions, additions and extensions thereof, and all supplementary protection certificates, that are
owned by Analog, and shall also mean all software and technical data developed specifically to enable operation of the Platform. Current Analog Intellectual Property Rights are set forth in Appendix 4. 
  

			
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 1.9 For avoidance of doubt, the Platform is to be created from a combination of Intellectual Property Rights from
WorldSpace, Analog and FhG, which will be owned by Analog in accordance with Section 1.8 with underlying perpetual licenses from WorldSpace and FhG to Analog to the extent necessary for implementation of the Platform. Each such party shall be free
to transfer its own Intellectual Property Rights to third parties for the purpose of implementing WorldSpace System reception and not in conflict with this Agreement. 
  
 1.10 “Customer” shall mean those who (i) wish to purchase and license the Platform from Analog or its designated
distributors and (ii) are licensed by WorldSpace or its designate to manufacture and distribute WorldSpace Mobile Receivers. 
  
 1.11 “Work” shall mean the acts necessary and appropriate to develop and license the Platform. 
  
 1.12 “Intellectual Property Rights” shall mean patents, trademarks, service
marks, mask works, copyrights, and applications for any of the foregoing, know how, confidential information, trade secrets and any other similar rights throughout the world. 
  
 1.13 “Platform Documentation” shall mean the documentation of the design of the Platform, a bill of materials, data book
and any related documentation to which the parties shall from time to time deem appropriate to include as support material for the Platform. 
  
 1.14 “Licensee Party” shall mean, with reference to either Party’s Intellectual Property or Marks, the Party that is licensing such Intellectual
Property or Marks from the Licensing Party hereunder. 
  
 1.15 “Licensing
Party” shall mean, with reference to any Intellectual Property or Marks, the Party that owns such Intellectual Property or Marks and that is licensing them to the Licensee Party hereunder. 
  
 1.16 “Marks” shall mean the trademarks and service marks of either Party and
such other marks as said Party may adopt from time to time. 
  
 2. TERMS OF COOPERATION AGREEMENT 
  
 2.1 WorldSpace hereby agrees
to grant to Analog a worldwide, non-exclusive, non-transferable, royalty-free, indivisible license under the WorldSpace Intellectual Property Rights, and a non-exclusive, non-transferable, royalty-free, indivisible sublicense under the FhG
Intellectual Property Rights for which WorldSpace has acquired an exclusive license, to (i) use, copy and incorporate the WorldSpace Intellectual Property and the FhG Intellectual Property into the Platform, (ii) make, have made, use offer to sell,
transfer or dispose of the WorldSpace 

  

			
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Intellectual Property and the FhG Intellectual Property solely as incorporated in the Platform to customers and potential customers (“Customers”),
and (iii) use, internally, any WorldSpace Information, for the purpose of designing, using, making, having made and supporting the Platform. 
  
 2.2 WorldSpace shall provide to Analog all the information on the WorldSpace Intellectual Property Rights and information to the extent available to WorldSpace on the FhG
Intellectual Property Rights relevant and necessary in the performance of the Work and perform the necessary tests to evaluate the Platform for proper implementation of the WorldSpace Mobile reception functions in accordance with the WorldSpace
Mobile Format specifications. 
  
 2.3 Analog agrees to use its best commercial
efforts to design and test the Platform, which shall meet the technical specifications and specific provisions set forth in the WorldSpace Mobile Format attached hereto and made a part hereof as Appendix 1 and according to the Work. The
Parties will mutually agree on features to incorporate into the Platform that would prevent unauthorized or fraudulent duplication of a WorldSpace Mobile Receiver(s) and/or its individually unique addressability functionality. 
  
 2.4 The Parties acknowledge that a Technical Support Services and/or a license agreement
(whichever may be appropriate under the circumstances) is required between FhG and Analog for necessary technical information, know how and support for development of the Platform. This Agreement shall be contingent upon and subject to Analog
entering into such license agreement with FhG, to which WorldSpace hereby consents. This contingency shall be satisfied by December 15, 2003 unless extended by mutual agreement. Further, Analog agrees to supply all personnel, materials, facilities
and other resources, including Subcontractors, necessary to perform the Work in accordance with the requirements of this Agreement. 
  
 2.5 The Parties agree that the Platform shall be the exclusive property of Analog, subject to any underlying ownership rights of WorldSpace and FhG in each of their
Intellectual Property Rights and the licenses granted in Section 2.1. Both Parties also agree that the Platform shall be made available in suitable format to licensees of WorldSpace Mobile Receiver manufacturing pursuant to an Analog Customer
Platform Licensing Agreement, and that such Platform could be tailored by agreement of the parties to meet specific requirements of individual licensees. Terms of the Customer Platform Licensing Agreement are made a part hereof as Appendix 5.

  
 2.6 The Parties agree to identify for Customers any known licenses from third
party vendors that may be required to decode audio, data and video formats (such as MP3 Pro or AAC+) as specified in the WorldSpace Mobile Format Specifications. Notwithstanding the foregoing, Customers shall be responsible for obtaining any
licenses necessary to utilize the Platform. 
  
 2.7 Analog agrees to assist
WorldSpace demonstrating the Platform with WorldSpace Mobile services to Customers. 
  

			
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 2.8 The Parties agree to market the Platform to receiver and other consumer electronics equipment-manufacturing
Customers. Both Parties also agree to share available market data related to such Customers. 
  
 2.9 Analog agrees to promote the Platform for WorldSpace Mobile products in a reasonable number of marketing campaigns, catalogues, trade shows, etc. as deemed appropriate by Analog which Analog uses to promote the
suite of applications planned by Analog using DSP devices. 
  
 2.10 The Parties
agree that WorldSpace shall assume responsibility for collecting any royalties towards Intellectual Property applicable to the WorldSpace Mobile Receiver implementation from WorldSpace Mobile Receiver licensees. 
  
 2.11 The Parties shall schedule meetings on a regular basis to review the progress of this
cooperative Work being performed under this Agreement, including design validation reviews and certification reviews as well as sales and marketing planning. 
  
 2.12 Trademarks 
  
 2.12.1 During the term of this Agreement, the Licensing Party grants to the Licensee Party the non-exclusive, non-transferable right to use the Licensing Party’s Marks (the “Licensor Marks”), solely in
connection with the advertising and promotional materials for the Platform and subject to the restrictions and guidelines contained herein. 
  
 2.12.2 Each Licensee Party’s right to use and reproduce one or more of the Licensor Marks shall be subject to adherence to the Licensing Party’s guidelines with
respect to the size, place, and manner of use of the Licensor Marks, including without limitation advertisements, sales literature, user documentation, and promotional materials (“Promotional Materials”). Licensee Party shall use the
Licensor Marks only in a manner that complies in all material respects with the Licensing Party’s trademark policies and guidelines in effect from time to time. 
  
 2.12.3 The Licensing Party shall submit or make available online to Licensee Party representations of the Licensor Marks together with
guidelines for their use, and Licensee Party shall submit to the Licensing Party layouts of the intended use of such Marks in connection with the Platform and all related Promotional Materials. Licensee Party shall not disseminate any such material
without the Licensing Party’s prior written approval. 
  
 2.12.4 Any goodwill
associated with the use by Licensee Party of any of the Licensor Marks shall inure to the benefit solely of the Licensing Party. Licensee Party shall not contest the validity of any of the Licensor Marks or the Licensing Party’s exclusive
ownership thereof. 

  

			
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Licensee Party shall not adopt, use, or register, any of the Licensor Marks, or any word or mark confusingly similar to them in any jurisdiction. 

 
 2.12.5 Notwithstanding anything in this Agreement to the contrary, no licenses are
granted, and no act or acts hereunder shall be construed as or result in conveying any license to either Party or to any third party, expressly or by implication, estoppel or otherwise excepting the license herein expressly granted under this
Section 2. 
  
 3. GENERAL PROVISIONS 
  
 3.1 Subcontracts 
  
 3.1.1 In the performance of Work, it may be necessary for Analog to enter into subcontracts for the design, development or testing of all or
part of the Platform. Analog shall have the right to select any such Subcontractor, after consultation with WorldSpace. In the event that Analog has a necessity to terminate or substitute a Subcontractor, Analog shall consult with WorldSpace and
shall replace such Subcontractor with an entity with substantially equal or greater qualifications and capabilities which is reasonably acceptable to WorldSpace. Nothing in this Agreement shall be construed as creating any contractual relationship
between WorldSpace and any Subcontractor. 
  
 3.1.2 WorldSpace shall have
reasonable access to the Work performed under this Agreement wherever the Work is being performed, provided such access does not unreasonably interfere with such Work and subject to customary confidentiality, access and security requirements. Analog
shall, at WorldSpace’s request, deliver as Analog Information (as the term “Information” is defined in Section 3.3 hereof) copies of design and test data and other data, which data and other data is generated under this Agreement
necessary for WorldSpace to be able to monitor the progress of the Work being performed by Analog. 
  
 3.2 Representations, Warranties, and Disclaimers 
  
 3.2.1 WorldSpace represents and warrants that it has all right, title, and interest in and to the WorldSpace Intellectual Property Rights purported to be licensed by it to Analog and all power and authority necessary to grant the licenses
to such intellectual property that are granted by WorldSpace to Analog hereunder. 
  
 3.2.2 Each Party represents and warrants that neither it nor any of its affiliates has the right or power to direct any third party to assert against the other Party any cause of action based upon the other Party’s purported
infringement of any intellectual property owned or enforceable by such third party. 
  

			
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 3.2.3 Nothing contained in this Agreement shall be construed as a warranty or representation that the manufacture,
sale, lease, use, or other distribution of the Platform by either party or any component or products derived thereof will be free from infringement of patents, trademarks, copyrights, mask work rights, or other intellectual property or other rights
of third parties, except to the extent as provided herein, or that a Customer will be able to manufacture or to sell or otherwise transfer any component or product based upon the rights it receives hereunder. Except to the extent, and only to the
extent, expressly stated herein, neither Party makes any warranty as to the accuracy, sufficiency, or suitability of any Information or any Intellectual Property hereunder. Each Party assumes the risk of defects or inaccuracies in the Intellectual
Property and Information, if any, supplied by the other Party. Neither Party shall be under any obligation by this Agreement to obtain any patent or, once having obtained a patent, to maintain that patent in force. 
  
 3.2.4 Except for the breach of Confidentiality and Nondisclosure requirements of this
Agreement as provided in Section 3.3, neither Party will be liable to the other Party (nor to any third party claiming rights derived from the other Party’s rights under this Agreement) for incidental, consequential, special, punitive, or
exemplary damages of any kind, including lost profits, loss of business, or other economic damage, and further including injury to property, as a result of breach of any warranty or other term of this Agreement, regardless of whether the Party
liable or allegedly liable was advised, had reason to know, or in fact knew of the possibility thereof.  
  
 3.3 Confidentiality and Nondisclosure of Proprietary Information 
  
 3.3.1 During the performance of this Agreement, one Party (“the Disclosing Party”) may exchange information which may be of a proprietary or confidential nature
to the other Party (“the Receiving Party”), such as information concerning inventions, techniques, processes, devices, discoveries and improvements, or regarding administrative, marketing, financial or manufacturing activities
(“Information”). All such Information, in any form, including without limitation, oral, written graphic, demonstrative, machine recognizable or sample form, shall be considered proprietary and confidential Information of the Disclosing
Party shall be retained in confidence and shall not be disclosed or caused or permitted to be disclosed directly or indirectly to any third party without the prior written approval of the Disclosing Party, and shall not be used by the Receiving
Party for any reason other than the performance of its duties under this Agreement. The Receiving Party further agrees that any material or data generated by the Receiving Party, based in whole or in part on Information disclosed by the Disclosing
Party, shall also be retained in confidence. 
  
 3.3.2 The obligation of the
Receiving Party to retain Information in confidence shall not apply to: 
  

	 	i)	Information which is now in or hereafter enters the public domain beyond the control of the Receiving Party and without its violation of this Agreement; 

  

			
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	 	ii)	Information rightfully known to the Receiving Party prior to the time of disclosure by the Disclosing Party, or independently developed by the Receiving Party personnel without use
of Information disclosed by the Disclosing Party; or 

  

	 	iii)	Information disclosed in good faith to the Receiving Party by a third party legally entitled to disclose the same; and 

  

	 	iv)	Information which the Receiving Party discloses under operation of law, rule or legal process; 

  
 provided, however, that the burden shall be on the Receiving Party to prove the applicability of one or more of the foregoing exceptions by
documentary evidence should the Disclosing Party question the applicability of such exceptions; as to exception (iv), the Receiving Party provides the Disclosing Party with prompt written notice of any request or legal proceeding through which the
Receiving Party may be required to disclose such Information under operation of law, rule or legal process. 
  
 3.3.3 The Receiving Party agrees to transmit the Information and/or material or data generated by the Receiving Party based in whole or in part on such Information, only to those directors, officers, employees, agents
or other representatives who need access to the Information and/or material or data generated by the Receiving Party based in whole or in part on such Information, for the purpose of performing its duties pursuant to this Agreement, and who are
informed by the Receiving Party of the confidential nature of the Information and/or material or data generated by the Receiving Party based in whole or in part on such Information, and who agree to be bound by the terms of this Agreement.

  
 3.3.4 The Receiving Party agrees that all Information disclosed to the
Receiving Party hereunder by the Disclosing Party shall be and remains the property of the Disclosing Party. Any tangible form of Information including, but not limited to, documents, papers, computer diskettes and electronically transmitted
Information shall be destroyed by the Receiving Party or returned, together with all copies thereof, to the Disclosing Party promptly upon the Disclosing Party’s request. If such tangible form of Information is destroyed, a certification of
such destruction executed by a duly authorized officer of the Receiving Party shall be delivered to the Disclosing Party. 
  
 3.3.5 The Receiving Party agrees not to use the Information provided by the Disclosing Party except as specifically provided in this Agreement. 
  

			
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 3.3.6 The Receiving Party’s obligations under this Agreement shall survive the termination of its business
relationship, if any, with the Disclosing Party regardless of the manner of such termination, and shall be binding upon its successors and assigns. The obligation of the Receiving Party under this Section 3.3 of this Agreement shall remain in effect
for three (3) years from the date of this Agreement or indefinitely for trade secret or source code information, unless sooner terminated by written notice given by the Disclosing Party to the Receiving Party. 
  
 3.3.7 The Receiving Party acknowledges that the information provided and all documentation
thereto is commercially valuable, which reflect the effort of skilled development experts and the investment of considerable time and money. The Receiving Party accordingly agrees to protect the confidence of the Information and prevent its
unauthorized dissemination and use, using the same degree of care that the Receiving Party uses to protect its own like information. The Receiving Party agrees that money damages would not be a sufficient remedy for any breach of this Agreement by
the Receiving Party or any director, officer, employee, agent or other representative of the Receiving Party, and that in addition to any other rights or remedies which it may have, the Disclosing Party shall be entitled to seek equitable relief,
including injunction and specific performance, as a remedy for such breach, and the Receiving Party further agrees to use its best efforts to cause any director, officer, employee, agent or other representative of the Receiving Party to waive, any
requirement for the securing or posting of any bond in connection with such remedy. 
  
 3.3.8 Unless otherwise precluded by the Disclosing Party, either Party shall be entitled to make copies of any documents containing Information under the terms and conditions of this Section 3.3. 
  
 3.4 Assignment 
  
 3.4.1 WorldSpace may freely assign, with thirty (30) days prior written notice, this Agreement to any other company, person, firm or entity;
provided, however, that all of the terms and conditions of this Agreement shall be binding upon such assignee and provided further that Analog shall consent to such assignment, which consent shall not be unreasonably withheld. Upon the assignment of
this Agreement by WorldSpace, Analog shall expressly release WorldSpace from any liability under this Agreement, except for any continuing obligations of WorldSpace to protect Analog’s Information. WorldSpace shall promptly inform Analog in
writing of any such assignment. 
  
 3.4.2 Neither this Agreement nor the license
granted herein shall be assignable or transferable by Analog without WorldSpace’s prior written consent, which consent shall not be unreasonably withheld or delayed. Notwithstanding the foregoing, in the event Analog sells its entire business
related to DSP chip development, manufacturing and sales, WorldSpace shall not unreasonably withhold its consent, provided vital business interests of WorldSpace are not harmed, if Analog requires the assignment of this Agreement to the successor of
such business, 

  

			
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provided that, after WorldSpace has given its consent, the assignee shall have assumed in writing all of the obligations of Analog under this Agreement. Such
assignment shall not affect the liability of Analog to WorldSpace to perform all obligations that may have accrued on or prior to the date of such assignment. After such assignment, Analog shall no longer be licensed under WorldSpace’s or
FhG’s Intellectual Property Rights. 
  
 3.5 Settlement of Disputes

  
 3.5.1 Amicable Resolution. 
  
 The Parties shall endeavor to resolve amicably any dispute arising out of the performance of
this Agreement within thirty (30) calendar days of receipt of notice of such dispute. If the Parties are unable to resolve the dispute within a thirty (30) calendar day period, then they may refer the dispute to an independent third party who will,
within a further thirty (30) calendar days, review the dispute and recommend a resolution thereto. If the Parties cannot mutually agree on said third party or either Party disagrees with the recommendation of said third party, then Section 3.5.2
shall apply. 
  
 3.5.2 Formal Arbitration: 
  
 3.5.2.1 All disputes arising in connection with this Agreement not resolved pursuant to the
provisions of Section 3.5.1 shall be finally settled under the American Arbitration Association Rules by one or more arbitrators appointed in accordance with the said Rules. In the event of any conflict between the AAA Rules and this Agreement, the
provisions of this Agreement shall govern. 
  
 3.5.2.2 The arbitration proceedings
shall take place in NYC and the language of such proceedings, including arguments and briefs, shall be English. 
  
 3.5.2.3 This Section 3.5 shall not apply to Section 3.3.7 of this Agreement, wherein the Parties hereto have agreed that monetary damages may not suffice for a breach of
Information. 
  
 3.6 Term and Termination of Agreement 
  
 3.6.1 This Agreement shall be effective as of its Effective Date and shall continue in full
force and effect for a five-year period ending on the fifth anniversary of the Effective Date (the “Initial Term”) unless earlier terminated pursuant to Sections 3.6.1 or 3.6.2 below. The term of this Agreement, unless terminated, shall
automatically renew for an additional one year term at the end of the Initial Term and any successive renewal term unless either Party, no less than sixty (60) days prior to the end of the Initial Term or such renewal term, gives written notice to
the other Party that such Party has elected not to permit the Agreement to continue in effect beyond the end of the Initial Term or then current renewal term, as applicable. 
  

			
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 3.6.2 In the event a Party hereto substantially fails to comply with any of its obligations under this Agreement and
does not remedy the failure of performance within ninety (90) days after it has been notified in writing thereof, the other Party may, by written notice, terminate this Agreement at the end of said period, without prejudice to any damages or legal
redress to which it may be entitled. 
  
 3.6.3 Should either Party hereto become
insolvent or be subjected to bankruptcy or winding up proceedings, the other Party may, by written notice, terminate this Agreement immediately if said proceedings have not been withdrawn within 90 days. 
  
 3.6.4 Upon termination or expiration of the licenses granted hereunder for any reason, each
Party shall immediately discontinue any and all use of Information and the Intellectual Property of the other Party, except such Information and Intellectual Property necessary for either Party to support existing customers, and within ten (10) days
shall certify in writing to the other Party that all copies of Information and the Intellectual Property in any form, have either been returned to the applicable Party that owns such technology or is destroyed in accordance with the applicable
Party’s instructions. The provisions of Sections 2.5, 3.2, 3.3, 3.5, 3.6.4, 3.10, 3.15, 3.17, and 3.19, and any payment obligations due and owing at the time shall survive termination or expiration of this Agreement. 
  
 3.7 Notices 
  
 All notices, summons and communications related to this Agreement and sent by either Party hereto to the other shall be
written in English and shall be given in writing by letter, telex or facsimile directed, 
  
 in respect of WorldSpace to: 
  
 WorldSpace, Inc. 
 2400 N St. N.W 
 Washington, D.C. 20037 
 United States of America 
 Attention: General Counsel 
 Telephone:
+1.202.969.6160 
 Facsimile: +1.202.969.6560 
  
 And, in respect of Analog to: 
  
 Analog Devices, Inc. 
 One Technology Way

 Norwood, Massachusetts 02062 
  

			
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 Attention: Corporate Counsel 
 Telephone: 
 Facsimile: 
  
 or such other addresses as may have been previously specified (in the manner set forth above)
in writing by either Party to the other. 
  
 3.8 Amendment 
  
 3.8.1 Except as otherwise specifically provided herein, this Agreement shall not be modified
except by a written agreement signed by duly authorized representatives of the Parties. No oral agreement or conversation with any officer, agent or employee of WorldSpace or Analog, either before or after execution of this Agreement, shall affect
or modify any of the terms or obligations contained in this Agreement. No purchase order, acknowledgment, quotation, or other similar document issued by either Party with respect to the subject matter of this Agreement, nor any directive of
WorldSpace, shall be deemed to be a part of this Agreement or to modify this Agreement in any respect relating to the Work hereunder, unless executed in conformance with this Section 3.8. 
  
 3.8.2 The Parties shall issue all requests for clarification of the Agreement, or any other requests, to the other Party in writing.
Responses to such requests shall be made in writing to the requesting party within ten (10) days. The failure of the responding party to respond to the request within ten (10) days, however, does not relieve the requesting party from complying with
the requirements of this Agreement, and the Work shall be conducted in accordance therewith. 
  
 3.9 Non-Waiver 
  
 If at
any time a Party shall elect not to assert its rights under any provision of this Agreement, such action or lack of action in that respect shall not be construed as a waiver of its rights under said provision or of any other provision of this
Agreement. 
  
 3.10 Governing Law 
  
 This Agreement shall be subject to, governed by and construed in accordance
with the laws of the State of New York without giving effect to its conflicts of law provisions. 
  
 3.11 Binding Effect 
  
 This Agreement shall be binding upon, and shall inure to the benefit of the Parties hereto and to their assigns in accordance with the provisions of Section 3.4 hereof. 
  

			
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 3.12 Severability 
  
 Should any part or provision of this Agreement be held unenforceable or in conflict with the law of any Jurisdiction, the validity of the remaining parts
or provisions shall not be affected by this holding. Such unenforceable part or provision shall then be replaced upon mutual written consent between the Parties hereto, by other enforceable part or provision which, in its effect, corresponds or
comes closest to the effect of such unenforceable part or provision. 
  
 3.13
Entire Agreement 
  
 This Agreement including its
Appendices embodies the entire understanding of the Parties and cancels and supersedes any prior representations, warranties, or agreement between the Parties relating hereto, and this Agreement is executed and delivered upon the basis of this
understanding. 
  
 3.14 Force Majeure 
  
 3.14.1 Neither Party shall be liable to the other for any failure of, or delay in, its
performance hereunder due to causes beyond its reasonable control including, but not limited to, acts of God, catastrophic phenomena, a total constructive loss of any of WorldSpace’s satellites, fire, flood, earthquake, epidemics, revolution,
reasonable control, acts of government (including, but not limited to, any law, rule, order, regulation or direction of the United States government or of any other government having jurisdiction over the Parties, whether foreign or domestic, or of
any department, agency or commission thereof), labor dispute or other unforeseeable reasons beyond either Party’s reasonable control, national emergencies, insurrections, riots, acts of war (whether declared or not), quarantine restrictions,
embargoes, strikes, lockouts or work stoppages (collectively, “Force Majeure”). 
  
 3.14.2 In order for a Party to make a claim of Force Majeure hereunder, it must give the other Party written notice within thirty (30) days of the commencement of the Force Majeure, detailing the Force Majeure cause,
the date the Force Majeure commenced and the anticipated length of the Force Majeure. In the event (i) the notice provides that the Force Majeure will last for more than thirty (30) days or (ii) the Force Majeure in fact lasts for more than thirty
(30) days, the Party not claiming the Force Majeure shall have the right to terminate this Agreement by written notice to the Party claiming Force Majeure within thirty (30) days of the notice from the other Party indicating that the Force Majeure
will last for more than thirty (30) days or after the thirtieth (30th) day of the Force Majeure, as applicable. 
  
 3.15 Attorney’s Fees 
  
 In the event a dispute arises regarding this Agreement, the prevailing Party shall be entitled to reasonable attorney’s fees and costs incurred.

  

			
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 3.16 Additional Actions and Documents 
  
 Each of the Parties hereto hereby agrees to take or cause to be taken such further actions, to execute, deliver, and file,
such further documents and instruments, and to use its best efforts to obtain such consents or approvals as may be necessary or as may be reasonably requested in order fully to effectuate the purposes of this Agreement. 
  
 3.17 Limitation on Benefits of this Agreement 
  
 It is the explicit intention of the Parties hereto that no person or entity
other than the Parties hereto is or shall be entitled to bring any action to enforce any provision of this Agreement against either of the Parties hereto, and that the covenants, undertakings, and agreements set forth in this Agreement shall be
solely for the benefit of, and shall be enforceable only by, the Parties hereto and their respective successors and assigns as permitted hereunder. 
  
 3.18 Captions 
  
 The captions contained in this Agreement are inserted for convenience of reference only and shall not in any way define or affect the meaning,
construction, or scope of the provisions captioned. 
  
 3.19 Governing
Language 
  
 The official language of this Agreement is the
English language and all notices, reports, orders, instructions, literature, records and other written materials pertaining to this Agreement shall be maintained and delivered in the English language. 
  
 3.20 Execution 
  
 To facilitate execution, this Agreement may be executed in counterparts; and it shall not be necessary that the signatures
of each Party appear on each counterpart; but it shall be sufficient that the signature of each Party appear on one or more of the counterparts. All counterparts shall collectively constitute a single agreement. 
  
 3.21 Independent Contractor 
  
 Each party is an independent contractor and not an agent, employee or
subcontractor of the other party. Neither party has any authority, either express or implied, to assume or create any obligations, responsibility or liability on behalf of the other party or to bind the other party in any manner whatsoever.

  

			
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 3.22 Authority 
  
 The Parties represent that they each are duly authorized to execute and deliver this Agreement. 
  
 3.23 Publicity 
  
 Each Party to the present Agreement warrants that all Information exchanged between the Parties in connection with the
Agreement hereunder shall not be disclosed by either Analog or WorldSpace nor by any of their representatives, independent consultants, officers, employees, agents, contractors, subcontractors or assignees, in any form whatsoever, including
articles, films, brochures, advertisements and photographs, or authorize other persons to disclose said information, or to deliver speeches about the Work hereunder without prior written approval of the other Party, which approval shall not be
unreasonably withheld. 
  
 IN WITNESS WHEREOF, each of the Parties
hereto has caused this Strategic Cooperation Agreement for the Development and Marketing of WorldSpace-Ready Analog DSP Platforms to be duly executed on its behalf, as of the day and year first hereinabove written. 
  

			
	 WorldSpace, Inc.
	 	 Analog Devices, Inc.

		
	 By
	 	By
	 Signature /s/    ANDY RAS-WORK
	 	Signature /s/    MIKHAEL HAIDAR
	 Andy Ras-Work
	 	Mikhael Haidar
	 Chief Operating Officer
	 	General Manager,
	 	 	Software and Systems
	 	 	Technology Division
	 Dated  Nov. 5, 2003
	 	Dated  Nov. 5, 2003

  

			
	Confidential	  	Page 16 of 17

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