Document:

SUBSCRIPTION
      AGREEMENT

     

    This
      SUBSCRIPTION AGREEMENT (this "Agreement")
      is
      made and entered into as of the 20th day of December, 2007 by and between
      SkyTerra Communications, Inc., a Delaware corporation (the "Company"),
      and
      Inmarsat Global Limited, a company incorporated under the laws of England and
      Wales (the "Purchaser").

     

    In
      consideration of the mutual agreements, representations, warranties and
      covenants herein contained and in contemplation of the Cooperation Agreement
      (as
      defined below), the parties hereto agree as follows: 

     

    1. Definitions;
      Certain Rules of Construction.
      Any
      capitalized term used herein and not defined in this Section
      1
      or
      elsewhere in this Agreement shall have the meaning given such term in the
      Cooperation Agreement. As used in this Agreement, the following terms shall
      have
      the following respective meanings.

     

    "Agreement"
      has the
      meaning assigned to it in the Preamble.

     

    "Antitrust
      Laws"
      means
      the HSR Act, the Sherman Act, as amended, the Clayton Act, as amended, the
      Federal Trade Commission Act, as amended, and any other United States federal
      or
      state or foreign statutes, rules, regulations, orders, decrees, administrative
      or judicial doctrines or other laws that are designed to prohibit, restrict
      or
      regulate actions having the purpose or effect of monopolization or restraint
      of
      trade.

     

    "Authorizations"
      has the
      meaning assigned to it in Section
      3.15(a)
      hereof.

     

    "Board"
      means
      the board of directors of the Company or any duly authorized committee thereof.
      

     

    "Business
      Day"
      (whether such term is capitalized or not) means any day except Saturday, Sunday
      and any day which shall be a federal legal holiday or a day on which banking
      institutions in New York, New York or London are authorized or required by
      law
      or other governmental action to close. 

     

    "Closing"
      has the
      meaning assigned to it in Section
      2.2
      hereof.

     

    "Closing
      Date"
      has the
      meaning assigned to it in Section
      2.2
      hereof.

     

    "Common
      Stock"
      means
      the voting common stock, par value $0.01 per share, of the Company.

     

    "Cooperation
      Agreement"
      means
      the agreement dated as of December ·,
      2007 by
      and among the Company, MSV, Mobile Satellite Ventures (Canada) Inc. and the
      Purchaser.

     

    "Disclosure
      Schedules"
      has the
      meaning assigned to it in Section
      3
      hereof.

     

    "DOJ"
      has the
      meaning assigned to it in Section
      5
      hereof.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    "Environmental
      Protection Laws"
      means
      any law, statute or regulation enacted by any jurisdiction in connection with
      or
      relating to the protection or regulation of the environment, including, without
      limitation, those laws, statutes and regulations regulating the disposal,
      removal, production, storing, refining, handling, transferring, processing
      or
      transporting of hazardous or toxic substances, and any orders, decrees or
      judgments issued by any court of competent jurisdiction in connection with
      any
      of the foregoing.

     

    "Exchange
      Act"
      means
      the Securities Exchange Act of 1934, as amended, and all of the rules and
      regulations promulgated thereunder. 

     

    "Exchange
      Act Reports"
      means
      the Company's reports filed with the SEC since September 1, 2006, pursuant
      to
      Section 13 of the Exchange Act.

     

    "Fair
      Market Value"
      has the
      meaning assigned to it in the Cooperation Agreement.

     

    "FCC"
      has the
      meaning assigned to it in Section
      3.15(a)
      hereof.

     

    "First
      Issue Date"
      has the
      meaning assigned to it in the Cooperation Agreement.

     

    "FTC"
      has the
      meaning assigned to it in Section
      5
      hereof.

     

    "GAAP"
      means
      U.S. generally accepted accounting principles.

     

    "Governmental
      Authority"
      means
      any nation or government, any state or other political subdivision thereof
      and
      any entity exercising executive, legislative, judicial, regulatory or
      administrative functions of or pertaining to government.

     

    "HSR
      Act"
      has the
      meaning assigned to it in Section
      3.7
      hereof.

     

    "Indebtedness"
      means,
      as applied to any Person, all indebtedness for borrowed money, whether current
      or funded, or secured or unsecured.

     

    "Intellectual
      Property"
      has the
      meaning assigned to it in Section
      3.19(a)
      hereof.

     

    "in
      writing"
      means
      any form of written communication or a communication by means of facsimile
      transmission, in all events delivered in accordance with Section
      8.3.

     

    "Lien"
      means,
      with respect to any property or asset, any mortgage, lien, pledge, charge,
      security interest or encumbrance of any kind in respect of such property or
      asset, whether or not filed, recorded or otherwise perfected under applicable
      law, other than (a) those resulting from taxes which have not yet become
      delinquent or (b) minor liens and encumbrances that do not materially detract
      from the value of the property or materially impair the operations of the
      Company or materially interfere with the use of such property or
      asset.

     

    "Material
      Adverse Effect"
      means a
      material adverse effect on the next generation business, assets, liabilities,
      properties, operations or condition (financial or otherwise) of the Company
      and
      its Subsidiaries taken as a whole, except to the extent that such adverse effect
      results from (a) general economic, regulatory or political conditions or changes
      therein in the United States or the other countries in which such party
      operates; (b) financial or securities market fluctuations or conditions; or
      (c)
      changes in, or events or conditions affecting, the wireless telecommunications
      industry generally.

     

    
      
        
        

      

      
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    "MSV"
      means
      Mobile Satellite Ventures, L.P.

     

    "Non-Voting
      Common Stock"
      means
      the non-voting common stock, par value $0.01 per share, of the
      Company.

     

    "Permits"
      has the
      meaning assigned to it in Section
      3.16
      hereof.

    

    "Permitted
      Transfer"
      means
      any Transfer of Common Stock to any Affiliate of the Purchaser.

     

    "Person"
      (whether or not capitalized) means an individual, entity, partnership, limited
      liability company, corporation, association, trust, joint venture,
      unincorporated organization, and any Governmental Authority. 

     

    "PUC"
      has the
      meaning assigned to it in Section
      3.15(a)
      hereof.

     

    "Purchaser"
      has the
      meaning assigned it in the Preamble.

     

    "Registration
      Rights Agreement"
      means
      the agreement dated as of the Closing Date by and among the Company and the
      Purchaser, substantially in the form attached hereto as Exhibit
      A.

     

    "Registration
      Statements"
      means
      the Company's registration statements filed with the SEC since September 1,
      2006, pursuant to the Securities Act.

     

    "Rule
      144"
      means
      Rule 144 promulgated under the Securities Act and any successor or substitute
      rule, law or provision. 

     

    "SEC"
      means
      the United States Securities and Exchange Commission. 

     

    "SEC
      Reports"
      means
      the Exchange Act Reports and the Registration Statements filed with the SEC
      since September 1, 2006.

     

    "Securities
      Act"
      means
      the Securities Act of 1933, as amended, and all of the rules and regulations
      promulgated thereunder. 

     

    "Shares"
      has the
      meaning assigned to it in Section
      2.1
      hereof.

     

    "Significant
      Subsidiary"
      means
      any "significant subsidiary" of the Company within the meaning of Rule 1-02
      under Regulation S-X.

     

    "SkyTerra"
      means
      SkyTerra Communications, Inc., a Delaware corporation.

     

    "Subsidiary"
      means
      with respect to any Person at any time, (a) any other Person the accounts of
      which would be required by GAAP to be consolidated with those of such first
      Person in its consolidated financial statements as of such time, and (b) any
      other Person capital securities of which having ordinary voting power to elect
      a
      majority of the board of directors (or other persons having similar functions),
      or other ownership interest of which ordinarily constituting a majority voting
      interest, are at such time, directly or indirectly, owned or controlled by
      such
      first Person and/or one or more of its Subsidiaries. Unless otherwise expressly
      provided, all references herein to "Subsidiary" mean a Subsidiary of the
      Company.

     

    
      
        
        

      

      
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    "Transaction
      Documents"
      means,
      collectively, this Agreement, the Cooperation Agreement and the Registration
      Rights Agreement, as well as all certificates and exhibits executed or delivered
      in connection with such agreements. 

     

    "Transfer"
      means
      and includes any sale, assignment, encumbrance, hypothecation, pledge,
      conveyance in trust, gift, or other transfer or disposition of any kind,
      including but not limited to transfers to receivers, levying creditors, trustees
      or receivers in bankruptcy proceedings or general assignees for the benefit
      of
      creditors, whether voluntary or by operation of law, directly or
      indirectly.

     

    2. Transactions
      and Closings.
      

     

    2.1 Transactions.
      Pursuant to Article IV of the Cooperation Agreement and in accordance with
      the
      terms and conditions thereof, the Company shall issue (i) the Effective Date
      Shares on the First Issue Date (and the Effective Date Balance Shares, if
      necessary, in accordance with the provisions of the Cooperation Agreement);
      (ii)
      the Trigger Shares on the Trigger Date (and the Trigger Balance Shares, if
      necessary, in accordance with the provisions of the Cooperation Agreement);
      and
      (iii) the Phase 1 Shares on the Phase 1 Completion Date (and the Phase 1 Balance
      Shares, if necessary, in accordance with the provisions of the Cooperation
      Agreement) (the Effective Date Shares, the Effective Date Balance Shares, the
      Trigger Shares, the Trigger Balance Shares, the Phase 1 Shares and the Phase
      1
      Balance Shares are collectively referred to herein as the "Shares").

     

    2.2 Closings.
      The
      closing for the issuance of the Effective Date Shares, Trigger Shares and Phase
      1 Shares (and any related Effective Date Balance Shares, Trigger Balance Shares
      or Phase 1 Balance Shares, respectively, required to be issued pursuant to
      the
      terms of the Cooperation Agreement) or any Cash Payment (each, a "Closing")
      shall
      take place at the offices of Skadden, Arps, Slate, Meagher & Flom LLP, Four
      Times Square, New York, New York 10036-6522 on the First Issue Date, the Trigger
      Date and the Phase 1 Completion Date, respectively, or at such other time and
      place as the Company and the Purchaser may agree (and with respect to the
      Effective Date Balance Shares, Trigger Balance Shares and Phase 1 Balance
      Shares, on such date as is required pursuant to the terms of the Cooperation
      Agreement) (each a "Closing
      Date").
      At
      each Closing (a) the Company shall deliver to the Purchaser an updated
      capitalization table in the form of Exhibit
      B
      with
      respect to the ownership of the Company's capital stock at such time and giving
      effect to the issuance of the Shares at such Closing and (b) the Company shall
      deliver to the Purchaser one or more certificates representing the Shares (in
      such denominations as shall be specified in writing by the Purchaser) each
      of
      which shall be registered in the name of the Purchaser or its
      designee.

     

    
      
        
        

      

      
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    3. Representations
      and Warranties of the Company.
      Except
      as disclosed in the Disclosure Schedules delivered concurrently herewith (the
      "Disclosure
      Schedules"),
      the
      Company hereby makes the following representations and warranties:

     

    3.1 Corporate
      Status.
      Each of
      the Company and its Significant Subsidiaries (a) has been duly organized, and
      is
      validly existing and in good standing under the laws of the jurisdiction of
      its
      organization and has the requisite corporate or other, as applicable, power
      and
      authority to own its property and assets and to transact the business in which
      it is engaged and presently proposes to engage and (b) has duly qualified to
      do
      business and is in good standing in each jurisdiction where it is required
      to be
      so qualified and where the failure to be so qualified would reasonably be
      expected to have a Material Adverse Effect. Neither the Company nor any of
      its
      Significant Subsidiaries is currently in violation of any of the provisions
      of
      its Certificate of Incorporation or By-laws (or other applicable charter
      documents), each as amended to date.

     

    3.2 Corporate
      Power and Authority.
      All
      corporate action on the part of the Company, its officers, directors and
      shareholders necessary for the authorization, execution, delivery and
      performance of this Agreement, the Cooperation Agreement and the Registration
      Rights Agreement and the consummation of the transactions contemplated herein
      and therein have been taken. This Agreement, the Cooperation Agreement and
      the
      Registration Rights Agreement shall constitute the legal, valid and binding
      obligation of the Company, enforceable against the Company, in accordance with
      the respective terms of the agreements, except as such may be limited by
      bankruptcy, insolvency, reorganization or other laws affecting creditors' rights
      generally and by general equitable principles. The Company has all requisite
      corporate power and authority to enter into this Agreement, the Cooperation
      Agreement and the Registration Rights Agreement and to carry out and perform
      their obligations under the terms hereof and thereof.

     

    3.3 No
      Violation.
      None of
      the execution, delivery and performance by the Company of this Agreement, the
      Cooperation Agreement and the Registration Rights Agreement, or compliance
      with
      the terms and provisions hereof and thereof (a) will contravene any applicable
      provision of any material law, statute, rule, regulation, order, writ,
      injunction or decree of any court or Governmental Authority, (b) will conflict
      with or result in any breach of, any of the terms, covenants, conditions or
      provisions of, or constitute a default under, or result in the creation or
      imposition of (or the obligation to create or impose) any Lien upon any of
      the
      material property or assets of the Company or its Significant Subsidiaries
      pursuant to the terms of, any indenture, mortgage, deed of trust, agreement
      or
      other material instrument to which the Company or any of its Significant
      Subsidiaries is a party or by which it or any of its or their property or assets
      are bound or to which it may be subject or result in the acceleration of any
      obligation of the Company or (c) will violate any provision of the Certificate
      of Incorporation or By-laws (or other applicable charter documents) of the
      Company, each as amended to date.

     

    
      
        
        

      

      
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    3.4 Capitalization.
      

     

    (a) Section
      3.4
      of the
      Disclosure Schedules discloses the number of authorized, issued and outstanding
      shares of capital stock of the Company, and outstanding warrants and options
      to
      purchase capital stock of the Company as of the date hereof. As of the date
      hereof, 1,082,928 shares of Common Stock were reserved for future issuance
      pursuant to outstanding options and up to 3,212,893 shares of Common Stock
      were
      reserved for future issuance pursuant to outstanding warrants issued by the
      Company, which excludes 9,144,037 shares of Common Stock to be reserved for
      future issuance pursuant to warrants expected to be issued on January 4, 2008.
      As of the date hereof, a total of 10,072,722 additional shares of Common Stock
      were authorized and reserved for future issuance pursuant to option and other
      equity plans adopted or approved by the Company. As of the date hereof, except
      as further disclosed in Section
      3.4
      of the
      Disclosure Schedules, there are no other outstanding options, warrants, rights
      (including conversion or preemptive rights) or any agreement for the purchase
      or
      acquisition from the Company of any shares of the Company's capital stock or
      voting agreements with respect to equity of the Company. All outstanding shares
      of the capital stock of the Company have been duly authorized, validly issued,
      fully paid and nonassessable. Except as disclosed in Section
      3.4
      of the
      Disclosure Schedules, there are no obligations, contingent or otherwise, of
      the
      Company to repurchase, redeem or otherwise acquire any shares of Common Stock
      or
      other equity securities of the Company. Except as disclosed in Section
      3.4
      of the
      Disclosure Schedules, the issuance of the Shares will not result in SkyTerra
      being obligated to issue, sell or purchase, pursuant to any existing
      pre-emptive, anti-dilution, redemption or other right of third parties, shares
      of Common Stock or other securities to or from any Person (other than the
      Purchaser), and will not result in a right of any holder of convertible or
      contingent securities issued by Company to adjust the exercise, conversion,
      exchange or reset price under such securities, including, in any such case,
      pursuant to any "poison pill" or shareholders rights plan. Except as disclosed
      in Section
      3.4
      of the
      Disclosure Schedules, there are no anti-dilution or price adjustment provisions
      contained in any security issued by Company (or in any agreement providing
      rights to security holders). None of the outstanding shares of capital stock
      of
      Company were issued in violation of the Securities Act or any state securities
      laws. There are no voting rights for the Company's Non-Voting Common Stock
      that
      are created pursuant to the Company's Certificate of Incorporation or Bylaws,
      without regard to any contractual or other agreements between Company and any
      holder of Non-Voting Common Stock. The only voting rights for the Company's
      Non-Voting Common Stock are rights that arise pursuant to the terms of the
      corporate laws of Delaware.

     

    (b) Section
      3.4
      of the
      Disclosure Schedules discloses the number of authorized, issued and outstanding
      limited partnership units of MSV, and outstanding warrants and options to
      purchase limited partnership units of MSV as of the date hereof. As of the
      date
      hereof, 4,778,250 limited partnership units were reserved for future issuance
      pursuant to outstanding options, restricted shares/phantom units, and warrants
      issued by MSV. As of the date hereof, 1,721,750 additional limited partnership
      units were authorized and reserved for future issuance pursuant to option and
      other equity plans adopted or approved by MSV. As of the date hereof, except
      as
      disclosed in Section
      3.4
      of the
      Disclosure Schedules, there are no other outstanding options, warrants, rights
      (including conversion or preemptive rights) or any agreement for the purchase
      or
      acquisition from MSV or any wholly-owned Subsidiary of any of MSV's limited
      partnership units or voting agreements with respect to equity of MSV. All
      outstanding limited partnership units of MSV have been duly authorized, validly
      issued, fully paid and nonassessable. Except as disclosed in Section
      3.4
      of the
      Disclosure Schedules, there are no anti-dilution or price adjustment provisions
      contained in any security issued by MSV (or in any agreement providing rights
      to
      security holders). None of the outstanding limited partnership units of MSV
      were
      issued in violation of the Securities Act or any state securities
      laws.

     

    
      
        
        

      

      
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    3.5 Valid
      Issuance of the Shares.
      The
      Shares have been duly authorized and upon issuance pursuant to the terms hereof
      (a) will be validly issued, fully paid and nonassessable, (b) will not be
      subject to any preemptive rights or any other similar contractual rights of
      the
      stockholders of the Company or any other Person, and (c) will be delivered
      to
      the Purchaser, free and clear of any Liens (defined for purposes hereof without
      regard to the exceptions set forth in clauses (a) and (b) of the definition
      of
      Lien) which are imposed by the Company, or arise as a result of the Company's
      action or omission, other than those transfer restrictions explicitly set forth
      in this Agreement (including, without limitation, Sections
      4.4,
      and
7.1).

     

    3.6 Litigation.
      Except
      as disclosed in Section
      3.6
      of the
      Disclosure Schedules, no actions, suits, claims, investigations or proceedings
      are pending or, to the Company's knowledge, threatened or reasonably likely
      to
      be asserted that would reasonably be expected to have, individually or in the
      aggregate (a) a Material Adverse Effect or (b) an adverse effect on the rights
      or remedies of the Purchaser or on the ability of the Company or its Significant
      Subsidiaries to perform their respective obligations under the Transaction
      Documents. Except as disclosed in Section
      3.6
      of the
      Disclosure Schedules, neither the Company, nor any of its Significant
      Subsidiaries is a party to or named in or subject to any order, writ,
      injunction, judgment or decree of any court or Governmental
      Authority.

     

    3.7 Approvals.
      Assuming the accuracy of the Purchaser's representations and warranties set
      forth in Section 4 below, except (a) in connection with or in order to comply
      with the applicable provisions of the Hart-Scott-Rodino Antitrust Improvements
      Act of 1976 (the "HSR
      Act")
      and,
      if necessary, similar foreign competition or Antitrust Laws, (b) for any
      required filings and recordings which have been made and are in full force
      and
      effect, (c) for the filing of a registration statement with the SEC pursuant
      to
      the Registration Rights Agreement and (d) for applicable blue sky notice
      filings, no order, consent, approval, license, authorization or validation
      of,
      or filing, recording or registration with, or exemption by, any Person or
      Governmental Authority, is required to authorize or is required for or as a
      condition to (i) the execution and delivery of this Agreement, the Cooperation
      Agreement or the Registration Rights Agreement or the consummation of the
      issuance and sale of the Shares contemplated hereby or (ii) the legality,
      validity, binding effect or enforceability of this Agreement, the Cooperation
      Agreement or the Registration Rights Agreement. The execution and delivery
      by
      the Company of this Agreement, the Cooperation Agreement and the Registration
      Rights Agreement, and the issuance of the Shares, do not require the consent
      or
      approval of the security holders of the Common Stock or of any other
      Person.

     

    3.8 Conformity
      to Securities Act and Exchange Act; No Misstatement or Omission.
      Each of
      the SEC Reports as of the date it was filed with the SEC in the case of the
      Exchange Act Reports or declared effective in the case of the Registration
      Statements, complied in all material respects with the applicable requirements
      of the Securities Act or the Exchange Act (as applicable) and the respective
      rules and regulations of the SEC thereunder and did not contain an untrue
      statement of a material fact or omit to state a material fact necessary in
      order
      to make the statements therein not misleading. Since September 1, 2006, the
      Company has filed all reports, schedules, forms, statements and other documents
      required to be filed by it with the SEC pursuant to the reporting requirements
      of the Exchange Act.

     

    
      
        
        

      

      
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    3.9 Financial
      Statements; Indebtedness.
      

     

    (a) Except
      as
      disclosed in Section
      3.9(a)
      of the
      Disclosure Schedules, the financial statements and supporting schedules included
      in the Company's Annual Report on Form 10-K for the year ended December 31,
      2006, and in the Company's Quarterly Report on Form 10-Q for the quarter ended
      September 30, 2007 and in any Registration Statements or other SEC Reports,
      in
      each case filed with the SEC, present fairly, in all material respects, the
      consolidated financial position of the Company and its Significant Subsidiaries
      as of the dates specified and the consolidated results of their operations
      and
      cash flows for the periods specified, in each case, in conformity with GAAP
      applied on a consistent basis during the periods involved, except as indicated
      therein or in the notes thereto.

     

    (b) Except
      for Indebtedness disclosed in Section
      3.9(b)
      of the
      Disclosure Schedules and in the Company's Annual Report on Form 10-K for the
      year ended December 31, 2006, and in the Company's Quarterly Report on Form
      10-Q
      for the quarter ended September 30, 2007, the Company and the Significant
      Subsidiaries, taken as a whole, have no Indebtedness outstanding at the date
      hereof. Neither the Company nor any Significant Subsidiary are in default with
      respect to any outstanding Indebtedness or any instrument relating thereto,
      and
      no event has occurred, or facts and circumstances exist, which, after passage
      of
      time, would result in such a default.

     

    3.10 Investment
      Company Act.
      The
      Company is not an "investment company" or a company "controlled" by an
      "investment company," within the meaning of the Investment Company Act of
      1940.

     

    3.11 No
      Material Adverse Changes.
      Since
      September 30, 2007, (a) no event has occurred which has had, or would reasonably
      be expected to have, a Material Adverse Effect; (b) except as contemplated
      by
      this Agreement or as disclosed in Section
      3.11(b)
      of the
      Disclosure Schedules, there has been no transaction entered into by the Company
      or any of its Significant Subsidiaries other than transactions in the ordinary
      course of business or transactions which would not, individually or in the
      aggregate, reasonably be expected to have a Material Adverse Effect on the
      Company; (c) there have not been any changes in the Company's authorized capital
      or Indebtedness or any increases in the Indebtedness of the Company or its
      Significant Subsidiaries taken as a whole, except as disclosed in Section
      3.11(c)
      of the
      Disclosure Schedules; (d) there has been no actual or, to the knowledge of
      the
      Company, threatened revocation of, or default under, any contract to which
      the
      Company or any of its Significant Subsidiaries is a party, except as would
      not
      reasonably be expected to have a Material Adverse Effect; (e) except as
      disclosed in Section
      3.11(e)
      of the
      Disclosure Schedules, there have not been any amendments or changes in the
      charter documents or by-laws of the Company or the Significant Subsidiaries;
      (f)
      except as disclosed in Section
      3.11(f)
      of the
      Disclosure Schedules, there has not been any entry into an amendment of,
      relinquishment, termination or non-renewal by the Company or the Significant
      Subsidiaries of any material contract, license, lease, transaction, commitment
      or other right or obligation, other than in the ordinary course of business,
      consistent with past practice; and (g) there has not been any transfer or grant
      of a right with respect to the Intellectual Property owned or licensed by the
      Company or its Significant Subsidiaries, except as among the Company and the
      Significant Subsidiaries which would not materially impact the Company's
      business plans.

     

    
      
        
        

      

      
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    3.12 Tax
      Returns and Payments.
      Except
      as would not reasonably be expected to have a Material Adverse Effect, (a)
      each
      of the Company and its Significant Subsidiaries has filed all U.S. federal
      income tax returns and other material domestic and foreign tax returns and
      reports required to be filed by it, all such returns and reports are true and
      correct to the best of the Company's knowledge, and each of the Company and
      its
      Significant Subsidiaries has paid all taxes and other assessments shown due
      on
      such returns and reports; (b) there is no pending or, to the knowledge of the
      Company, threatened non-routine examination, investigation, audit, suit, action,
      claim or proceeding relating to taxes of the Company or any of its Significant
      Subsidiaries; (c) none of the Company or any of its Significant Subsidiaries
      have received written notice of a determination by any taxing authority that
      any
      material tax amounts are owed by the Company or any of its Significant
      Subsidiaries, which determination has not been paid, compromised, or otherwise
      finally disposed of, and, to the knowledge of the Company, no such determination
      is proposed or threatened; and (d) there are no material liens arising from
      or
      related to taxes on or pending against the Company or any of its Significant
      Subsidiaries, or any of their properties, other than statutory liens for taxes
      that are not yet due and payable.

     

    3.13 Significant
      Subsidiaries.
      As of
      the respective Closing Date, the Company has no directly or indirectly held
      Significant Subsidiary other than those disclosed in Section
      3.13
      of the
      Disclosure Schedules. Each of the Company and its Significant Subsidiaries
      has
      good title to all of the shares (or other equity interests) it purports to
      own
      of the stock of each Significant Subsidiary, free and clear in each case of
      any
      Lien (defined for purposes hereof without regard to the exceptions contained
      in
      (a) and (b) of the definition of Lien). All such shares have been duly
      authorized, validly issued and are fully paid and nonassessable. As of the
      Closing Date, the Company is not party to any joint venture or similar
      arrangement, except as disclosed in Section
      3.13
      of the
      Disclosure Schedule.

     

    3.14 Properties.
      Except
      as disclosed in Section
      3.14
      of the
      Disclosure Schedules, the Company and each of its Significant Subsidiaries
      owns
      its properties and assets, free and clear of all Liens. With respect to leased
      property and assets, the Company and its Significant Subsidiaries are in
      material compliance with such leases and hold a valid leasehold interest, free
      of any Liens, except as would not reasonably be expected to have a Material
      Adverse Effect.

     

    3.15 Regulatory
      Matters.

     

    (a) Authorizations.
      Section
      3.15(a)
      of the
      Disclosure Schedules lists all material Federal Communications Commission
      ("FCC"),
      state
      public utility commission ("PUC")
      and
      foreign regulatory authority permits, licenses, certificates, registrations
      and
      other similar material authorizations held by the Company and its Significant
      Subsidiaries (collectively, the "Authorizations").
      Except as disclosed in Section
      3.15(a)(ii)
      of the
      Disclosure Schedules, the Authorizations consist of all such authorizations
      necessary or appropriate for the conduct of the business of the Company and
      its
      Significant Subsidiaries as it is currently being conducted. The Company and
      its
      Significant Subsidiaries have maintained and kept in force and effect, and
      have
      applied in a timely manner for renewal of all such Authorizations. Except as
      disclosed in Section
      3.15(a)(ii)
      of the
      Disclosure Schedules, the Company and its Significant Subsidiaries are in
      compliance with all such Authorizations and any material terms and conditions.
      Except as disclosed in Section
      3.15(a)(ii)
      of the
      Disclosure Schedules, each Authorization which is material to the business
      of
      the Company is valid and in full force and effect, and the Company and its
      Significant Subsidiaries have not received notice from the FCC, any PUC, or
      any
      foreign regulatory authority of its intention to revoke, suspend, condition
      or
      fail to renew any such Authorization. Except as disclosed in Section
      3.15(a)(ii)
      of the
      Disclosure Schedules, no event has occurred or facts and circumstances exist,
      which allows or would reasonably be expected to allow, or which after notice
      or
      lapse of time would allow or would reasonably be expected to allow, revocation,
      suspension, non-renewal or termination or result in any other material
      impairment of the Company's or its Significant Subsidiaries' rights under any
      of
      its Authorizations.

     

    
      
        
        

      

      
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    (b) Compliance
      with Laws.
      Except
      as disclosed in Section
      3.15(b)
      of the
      Disclosure Schedules, the conduct of the Company's business complies with all
      applicable U.S., state, local and foreign laws (including, without limitation,
      the Communications Act of 1934, as amended, and the Communications Assistance
      for Law Enforcement Act), ordinances, rules, regulations, and orders (including,
      without limitation, those issued by the FCC, any PUC or any foreign regulatory
      authority) (collectively, "Laws"),
      except where the failure to so comply would not reasonably be expected to have
      a
      Material Adverse Effect. The Company is not in violation of any applicable
      Environmental Protection Laws and, to its knowledge, no material expenditures
      are or will be required in order to comply with any such laws, in each case,
      except as would not reasonably be expected to have a Material Adverse
      Effect.

     

    3.16 Permits.
      The
      Company and its Significant Subsidiaries have all franchises, permits, licenses
      and any similar authority (the "Permits")
      necessary for the conduct of their business as now being conducted by them,
      the
      lack of which could, individually or in the aggregate, reasonably be expected
      to
      have a Material Adverse Effect. As of the date hereof, no suspension or
      cancellation of any of the Permits is pending or, to the knowledge of the
      Company, threatened which could, individually or in the aggregate, reasonably
      be
      expected to have a Material Adverse Effect. The Company believes it can obtain,
      without undue burden or expense, any similar authority for the conduct of its
      business as presently proposed to be conducted. The Company and its Significant
      Subsidiaries are not in default under any of such franchises, permits, licenses
      or other similar authorities.

     

    3.17 Brokers.
      Neither
      the Company nor any of its Significant Subsidiaries has any liability to pay
      any
      fees, commissions or other similar compensation to any broker, finder,
      investment banker, financial advisor or other similar Person in connection
      with
      the transactions contemplated by this Agreement.

     

    3.18 Leases.
      Each of
      the Company and its Significant Subsidiaries has complied with all material
      obligations under all leases for real property to which it is a party as a
      lessee. All
      leases relating to the leasehold estates of each of the Company and its
      Significant Subsidiaries necessary for the conduct of the business of such
      Person are, with respect to the Company, valid and enforceable, and, to the
      knowledge of the Company, are valid and enforceable with respect to the lessor,
      and each of the Company and its Significant Subsidiaries that is the lessee
      in
      respect thereof currently enjoys peaceful and undisturbed possession of the
      premises subject thereto.

     

    
      
        
        

      

      
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    3.19 Intellectual
      Property.
      

     

    (a) Except
      as
      disclosed in Part 1 of Section
      3.19
      of the
      Disclosure Schedules, the Company and each of its Significant Subsidiaries
      owns,
      possesses or has the right to use, exploit and/or practice patents, trade
      secrets, trademarks, service marks, trade names, copyrights, franchises and
      licenses, and rights with respect thereto (collectively, "Intellectual
      Property"),
      necessary for the present conduct of its business and as such business is
      proposed to be conducted.

     

    (b) Except
      as
      disclosed in Part 2 of Section
      3.19
      of the
      Disclosure Schedules, there are no outstanding options, licenses, or agreements
      of any kind relating to the Company's and/or its Significant Subsidiaries'
      Intellectual Property with the exception of agreements for the sale or license
      of the Company's products or services in the ordinary course of
      business.

     

    (c) Except
      as
      disclosed in Part 3 of Section
      3.19
      of the
      Disclosure Schedules, neither the Company nor any of its Significant
      Subsidiaries is a party to any agreement or license under which the Company
      or
      any Significant Subsidiary acquires any right, license, title or interest in,
      under or to any third party Intellectual Property, other than (i) licenses
      that
      are available to the public generally for a license fee of less than $10,000
      and
      that were obtained in the ordinary course of business; and (ii) license or
      ownership rights arising from services or development agreements (or the like)
      made with third parties in the ordinary course of business.

     

    (d) The
      Company has not received any communications alleging that the Company or any
      Significant Subsidiary has violated, infringed or misappropriated or, by
      conducting its business as presently proposed, would violate, infringe or
      misappropriate any of the Intellectual Property of any other
      Person.

     

    (e) To
      the
      knowledge of the Company and its Significant Subsidiaries, no Person is
      infringing or misappropriating the Intellectual Property of the Company or
      its
      Significant Subsidiaries.

     

    (f) Except
      as
      disclosed in Section
      3.19
      of the
      Disclosure Schedule, neither the Company nor any Significant Subsidiary is
      subject or a party to any order, decree, judgment, stipulation or agreement
      restricting its ability to conduct the business, including the sale of products
      or services, in any geographic area, market or field. 

     

    3.20 Securities
      Laws.
      Assuming the accuracy of the Purchaser's representations and warranties set
      forth in Section 4, the offer, sale and issuance of the Shares, as provided
      in
      this Agreement, is, is intended to be and will, on each Closing Date, be exempt
      from the registration requirements of the Securities Act pursuant to Section
      4(2) thereof.

     

    3.21 Insurance.
      Except
      as disclosed in Section
      3.21
      of the
      Disclosure Schedules the Company and the Significant Subsidiaries are insured
      by
      insurers of recognized financial responsibility against such losses and risks
      and in such amounts as are prudent and sufficient to address risks anticipated
      in the businesses in which the Company and the Significant Subsidiaries are
      currently engaged. Neither the Company nor any Significant Subsidiary has any
      reason to believe that it will not be able to renew its existing insurance
      coverage as and when such coverage expires or to obtain coverage from reputable
      insurers as may be necessary to continue its business without a significant
      increase in cost.

     

    
      
        
        

      

      
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    3.22 Internal
      Accounting Controls.
      The
      Company maintains a system of internal accounting controls sufficient to provide
      reasonable assurance that (i) transactions are executed in accordance with
      management's general or specific authorizations, (ii) transactions are recorded
      as necessary to permit preparation of financial statements in conformity with
      GAAP and to maintain asset accountability, (iii) access to assets is permitted
      only in accordance with management's general or specific authorization, and
      (iv)
      the recorded accountability for assets is compared with the existing assets
      at
      reasonable intervals and appropriate action is taken with respect to any
      differences. The Company has established disclosure controls and procedures
      (as
      defined in Exchange Act Rule 13a-15(e)) for the Company and designed such
      disclosure controls and procedures to ensure that information required to be
      disclosed by the Company in reports that it files or submits under the Exchange
      Act is recorded, processed, summarized and reported within the time periods
      specified in the SEC's rules and forms, including controls and procedures
      designed to ensure that such information is accumulated and communicated to
      the
      Company's management as appropriate to allow timely decisions regarding required
      disclosure. The Company has carried out evaluations of the effectiveness of
      their disclosure controls and procedures as required by Rule 13a-15 of the
      Exchange Act.

     

    3.23 Listing
      and Maintenance Requirements.
      The
      Company's Common Stock is registered pursuant to Section 12 of the Exchange
      Act,
      and the Company has taken no action designed to, or which, to its knowledge,
      is
      likely to have the effect of, terminating the registration under the Exchange
      Act nor has the Company received any notification that the SEC is contemplating
      terminating such registration. The Company has not, in the two (2) years
      preceding the date hereof, received notice from any trading market to the effect
      that the Company is not in compliance with the listing or maintenance
      requirements thereof. The Company is in compliance with the maintenance
      requirements for continued quotation of the Common Stock on the OTC Bulletin
      Board or, if applicable, the continued listing requirements of the principal
      exchange upon which the Company's Common Stock is listed, and is not aware
      of
      any actions threatened or reasonably likely to be asserted that would challenge
      such quotation or, if applicable, listing. The issuance and sale of the Shares
      under the Transaction Documents does not contravene the rules and regulations
      of
      the OTC Bulletin Board or, if applicable, the principal trading market on which
      the Common Stock is listed or quoted, and, based solely on the Company's current
      capitalization and without regard to any anti-dilution adjustment that may
      impact the number Shares to be issued, no approval of the stockholders of the
      Company thereunder is required for the Company to issue and deliver to the
      Purchaser the maximum number of Shares contemplated by this Agreement (excluding
      any additional shares that may be issuable as a result of anti-dilution or
      similar adjustments).

     

    4. Representations
      and Warranties of the Purchaser.
      The
      Purchaser hereby makes the following representations and warranties, as of
      the
      Closing Date: 

     

    4.1 Authorization.
      All
      corporate, partnership or limited liability company action on the part of the
      Purchaser necessary for the authorization, execution, delivery and performance
      of this Agreement, the Cooperation Agreement and the Registration Rights
      Agreement and the consummation of the transactions contemplated herein and
      therein, has been taken. When executed and delivered by the Purchaser, each
      of
      this Agreement, the Cooperation Agreement and the Registration Rights Agreement
      shall constitute the legal, valid and binding obligation of the Purchaser,
      enforceable against the Purchaser in accordance with its terms, except as such
      may be limited by bankruptcy, insolvency, reorganization or other laws affecting
      creditors' rights generally and by general equitable principles. The Purchaser
      has all the requisite corporate power and authority to enter into each of this
      Agreement, the Cooperation Agreement and the Registration Rights Agreement
      and
      to carry out and perform its obligations under the terms hereof and thereof.
      

     

    
      
        
        

      

      
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    4.2 Purchase
      Entirely for Own Account.
      The
      Purchaser is acquiring the Shares for its own account for investment and not
      for
      the account of any other person or with a view to any resale, fractionalization,
      division, or distribution thereof in a manner that would require registration
      thereof or the transactions contemplated hereby under the Securities Act, and
      the Purchaser does not presently have any reason to anticipate any change in
      his, her or its circumstances or other particular occasion or event which would
      cause the Purchaser to sell the Shares. The Purchaser has no contract,
      undertaking, agreement, understanding or arrangement with any person to sell,
      transfer, or pledge to any person any part or all of the Shares which the
      Purchaser is acquiring, or any interest therein, and has no present plans to
      enter into the same. The Shares were not offered or sold to the Purchaser by
      means of any general solicitation or general advertisement.

     

    4.3 Investor
      Status; Etc.
      The
      Purchaser certifies and represents to the Company that (i) it is an "accredited
      investor" as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D
      promulgated under the Securities Act and was not organized for the purpose
      of
      acquiring any of the Shares. The Purchaser has adequate means of providing
      for
      its current needs and personal contingencies, has no need now, and anticipate
      no
      need in the foreseeable future, to sell the Shares, and currently has sufficient
      net worth and financial liquidity to afford a complete loss of his, her or
      its
      investment in the Company. The Purchaser has such knowledge and experience
      in
      financial and business matters so that the Purchaser is capable of evaluating
      the merits and risks of an investment in the Company and has made such
      evaluation. The Purchaser fully understands that the Shares are speculative
      investments which involve a high degree of risk of loss of the Purchaser's
      entire investment. No person or entity, other than the Company or its authorized
      representatives, have offered the Shares to the Purchaser. The overall
      commitment of the Purchaser to investments which are not readily marketable
      is
      not excessive in view of each of the Purchaser's net worth and financial
      circumstances, and any purchase of the Shares will not cause such commitment
      to
      become excessive. The Purchaser is able to bear the economic risk of an
      investment in the Shares.

     

    4.4 Securities
      Not Registered.
      The
      Purchaser understands that the Shares have not been registered under the
      Securities Act, by reason of their issuance by the Company in a transaction
      exempt from the registration requirements of the Securities Act, and that the
      Shares must continue to be held by the Purchaser unless a subsequent disposition
      thereof is registered under the Securities Act or is exempt from such
      registration. The Purchaser understands that the exemptions from registration
      afforded by Rule 144 (the provisions of which are known to it) promulgated
      under
      the Securities Act depend on the satisfaction of various conditions, and that,
      if applicable, Rule 144 may afford the basis for sales only in limited amounts.
      The Purchaser has had an opportunity to ask questions of and receive answers
      from the management and authorized representatives of the Company, and to review
      any other relevant documents and records concerning the business of the Company
      and the terms and conditions of this investment, and that any such questions
      have been answered to the Company's full satisfaction. The Purchaser understands
      that no federal or state agency have passed upon or made any recommendation
      or
      endorsement of an investment in the Shares.

     

    
      
        
        

      

      
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    4.5 No
      Violation.
      Neither
      the execution, delivery and performance by the Purchaser of this Agreement
      or
      the Cooperation Agreement or the Registration Rights Agreement nor compliance
      with the terms and provisions hereof and thereof by the Purchaser (a) will
      contravene any applicable provision of any law, statute, rule, regulation,
      order, writ, injunction or decree of any court or Governmental Authority, except
      as would not have a material adverse effect on the Purchaser's ability to
      consummate the transactions contemplated hereby or thereby; or (b) will violate
      any provision of the organizational documents of the Purchaser, except as would
      not have a material adverse effect on the Purchaser's ability to consummate
      the
      transactions contemplated hereby. 

     

    4.6 Brokers.
      The
      Purchaser has no liability to pay any fees, commissions or other similar
      compensation to any broker, finder, investment banker, financial advisor or
      other similar Person in connection with the transactions contemplated by this
      Agreement.

     

    4.7 Consents.
      All
      consents, approvals, orders and authorizations required on the part of the
      Purchaser in connection with the execution, delivery or performance of this
      Agreement and the consummation of the transactions contemplated herein have
      been
      obtained and are effective as of the date hereof. 

     

    4.8 Reliance.
      The
      Purchaser is relying solely upon the advice of its own financial, legal and
      tax
      advisors and their entering into the transactions contemplated by this Agreement
      is the result of independent arm's length negotiations between the Purchaser
      and
      the Company. The Purchaser also acknowledges that the Company is relying on
      this
Section
      5
      and
      would not consummate the transactions contemplated by this Agreement in the
      absence of this Section
      5.

     

    4.9 Material
      Non-Public Information.
      The
      Purchaser hereby acknowledges that it is familiar with its responsibilities
      under federal and state securities laws relating to restrictions on trading
      in
      securities of an issuer while in possession of material, non-public information,
      and restrictions on sharing such information with other persons who may engage
      in such trading. 

     

    5. Governmental
      and FCC Approval.
      The
      parties will promptly execute and file, or join in the execution and filing
      of,
      any application, notification (including any notification or provision of
      information, if any, that may be required under the HSR Act, which the parties
      shall file no later than 15 business days after the date hereof) or other
      document that may be necessary in order to obtain the authorization, approval
      or
      consent of any Governmental Authority, which may be reasonably required in
      connection with the consummation of the transactions contemplated by this
      Agreement. Any fees associated with such notifications or applications shall
      be
      borne 50% by the Company and 50% by the Purchaser. Each party will use
      commercially reasonable efforts to obtain, or assist the other parties in
      obtaining, all such authorizations, approvals and consents, including without
      limitation using commercially reasonable efforts to supply as promptly as
      reasonably practicable any additional information and documentary material
      that
      may be requested pursuant to the HSR Act and to request the expiration or
      termination of the applicable waiting periods under the HSR Act as soon as
      practicable. Each party shall, in connection with its obligation to use
      commercially reasonable efforts to obtain, or assist the other parties in
      obtaining, all such requisite authorizations, approvals or consents, use
      commercially reasonable efforts to (i) cooperate in all reasonable respects
      with
      the other parties in connection with any filing or submission and in connection
      with any investigation or other inquiry, including any proceeding initiated
      by a
      private party, (ii) promptly inform the other parties of any communication
      received by such party from, or given by such party to, the United States
      Department of Justice (the "DOJ"),
      the
      United States Federal Trade Commission (the "FTC"),
      the
      FCC or any other Governmental Authority or quasi-governmental entity and of
      any
      material communication received or given in connection with any proceeding
      by a
      private party, in each case regarding any of the transactions contemplated
      hereby, (iii) permit the other parties, or the other parties' legal counsel,
      to
      review any communication given by it to, and consult with the other parties
      in
      advance of any meeting or conference with, the DOJ, the FTC, the FCC or any
      such
      other Governmental Authority or quasi-governmental entity or, in connection
      with
      any proceeding by a private party, with any other person and (iv) to the extent
      permitted by the FCC or other Governmental Authority, as appropriate, give
      the
      other parties the opportunity to attend and participate in such meetings and
      conferences.

     

    
      
        
        

      

      
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    6. Condition
      Precedent.
      

     

    6.1 Condition
      to the Obligation of the Purchaser to Consummate Each Closing.
      The
      obligation of the Purchaser to consummate each Closing is subject to the
      satisfaction (or waiver by the Purchaser) of the following conditions
      precedent:

     

    (a) 
      That the
      Registration Rights Agreement, in substantially the form attached hereto as
      Exhibit
      A,
      be in
      full force and effect and that the Company will not be in breach of any material
      term of such agreement. 

     

    (b) That
      the
      Company shall have performed all obligations and conditions herein required
      to
      be performed or complied with by the Company on or prior to the Closing
      Date.

     

    6.2 Conditions
      to the Obligation of the Company to Consummate Each Closing.
      The
      obligation of the Company to consummate each Closing and to issue the Shares
      to
      the Purchaser at the Closing is subject to the satisfaction (or waiver by the
      Company) of the following conditions precedent: 

     

    (a) The
      Purchaser shall have performed all obligations and conditions herein required
      to
      be performed or complied with by the Purchaser on or prior to the Closing
      Date.

     

    (b) The
      Purchaser shall have delivered to the Company a Form W-9 or Form W-8, as
      applicable.

     

    
      
        
        

      

      
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    7. Certain
      Covenants and Agreements.
      

     

    7.1 Legends.
      

     

    (a) Each
      certificate or other document evidencing the Shares shall be endorsed with
      the
      legend substantially set forth below, and the Purchaser covenants that, except
      to the extent such restrictions are waived by the Company, the Purchaser shall
      not transfer the shares represented by any such certificate without complying
      with the restrictions on transfer described in this Agreement and the legends
      endorsed on such certificate: 

     

    THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR APPLICABLE STATE
      SECURITIES LAWS AND MAY NOT BE SOLD OR TRANSFERRED UNLESS (I) A REGISTRATION
      STATEMENT COVERING SUCH SHARES IS EFFECTIVE UNDER THE SECURITIES ACT OR (II)
      THE
      TRANSACTION IS EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT AND, IF THE
      CORPORATION REQUESTS, AN OPINION SATISFACTORY TO THE CORPORATION TO SUCH EFFECT
      HAS BEEN RENDERED BY COUNSEL. THE SHARES ARE SUBJECT TO ADDITIONAL RESTRICTIONS
      ON TRANSFER CONTAINED IN THAT CERTAIN SUBSCRIPTION AGREEMENT DATED DECEMBER
      14,
      2007. A COPY OF SUCH AGREEMENT IS ON FILE AT THE OFFICES OF THE
      CORPORATION

     

    (b) The
      legend set forth in Section
      7.1(a)
      shall be
      removed from the certificates evidencing the Shares, (i) following any sale
      of
      such Shares pursuant to Rule 144 or any effective registration statement, or
      (ii) if such Shares are eligible for sale under Rule 144(k) (and the holder
      of
      such Shares has submitted a written request for removal of the legend, along
      with a legal opinion in compliance with Section
      7.1
      to the
      effect that the holder has complied with the applicable provisions of Rule
      144).
      Subject to receipt of appropriate certifications and opinions, the Company
      shall
      cause its transfer agent promptly upon the occurrence of any of the events
      in
      clauses (i) or (ii) above to effect the removal of the legend on certificates
      evidencing the Shares. 

     

    7.2 Publicity.
      Except
      to the extent required by applicable laws, rules, regulations, stock exchange
      requirements or other obligations set forth in securities agreements outstanding
      as of the date hereof, neither party shall, without the prior written consent
      of
      the other, make any public announcement or issue any press release with respect
      to the transactions and other matters contemplated by this Agreement. The
      parties agree that the Company may issue a press release in the form to be
      mutually agreed upon by the parties.

     

    7.3 Share
      Reservation.
      On or
      prior to the First Issue Date, the Company shall have duly established a share
      reserve with such number of shares of Common Stock sufficient to satisfy the
      Effective Date Shares (and the Effective Date Balance Shares, if necessary)
      and
      the Trigger Date Shares (and the Trigger Balance Shares, if necessary). On
      or
      prior to the Phase 1 Completion Date, the Company shall have duly established
      a
      share reserve with such number of shares of Common Stock sufficient to satisfy
      the Phase 1 Shares (and the Phase 1 Balance Shares, if necessary). The Shares
      shall be issued from such share reserves and, following each issuance of Shares,
      for so long as the Purchaser has the right under this Agreement to acquire
      any
      Shares, the Company shall have authorized and shall maintain sufficient reserves
      of shares of Common Stock to satisfy the Shares and all outstanding options,
      warrants, rights to subscribe to, or securities or rights convertible into,
      any
      shares of Common Stock of the Company.

     

    
      
        
        

      

      
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    7.4 Issuance
      of Non-Voting Common Stock. In
      the
      event that the Purchaser or, upon the occurrence of certain Transfers described
      in Section
      7.5(b)
      below,
      any transferee, shall be prohibited from receiving any of the Shares as a result
      of its status as a non-U.S. entity, the Company shall issue the maximum number
      of shares of Common Stock permissible by law, including the laws of England
      and
      Wales (the "Maximum
      Shares").
      The
      Company shall simultaneously therewith issue to the Purchaser or the transferee,
      as the case may be, such number of shares of Non-Voting Common Stock equal
      to
      the number of shares of Common Stock issuable in excess of the Maximum Shares.
      The Voting Common Stock and the Non-Voting Common Stock shall be the same in
      all
      respects other than with respect to voting rights.

     

    7.5 Exchange
      of Non-Voting Common Stock for Common Stock.

     

    (a) Upon
      the
      written request of the Purchaser, the Company will, subject to the restrictions
      set forth in Section
      7.4
      hereof,
      exchange shares of Non-Voting Common Stock issued pursuant to Section
      7.4
      hereof
      for Common Stock on a one-for-one basis (in each case as appropriately adjusted
      for any stock split, combination, reorganization, recapitalization,
      reclassification, stock dividend, stock distribution or similar event declared
      or effected with respect to the Common Stock after the issuance of such shares
      of Non-Voting Common Stock being exchanged, applying the relevant adjustment
      methodologies, mutatis mutandis, set out in Section
      7.6
      below).
      Upon surrender of certificates representing the shares of Non-Voting Common
      Stock that are being exchanged as part of such transfer, the Company will issue
      to the Purchaser certificates representing the appropriate number of shares
      of
      Common Stock. Notwithstanding the foregoing, in the event that the rules of
      any
      stock exchange or automatic quotation system on which the Company's Common
      Stock
      is then listed, traded or quoted requires shareholder approval prior to the
      issuance of any or all of the Common Stock, the Company shall not be obligated
      to effectuate the exchange of the Non-Voting Common Stock for Common Stock
      unless and until such approval has been obtained. The Company shall use its
      commercial best efforts to obtain such shareholder approval as soon as
      reasonably practicable following receipt of the written request by the
      Purchaser. Notwithstanding anything to the contrary contained in this
Section 7.5
      or
      elsewhere, in the event that any applicable FCC requirements prevent the
      Company from issuing any or all of the Common Stock, the Company shall not
      be obligated to effectuate the exchange of the Non-Voting Common Stock for
      Common Stock unless and until such requirements have been satisfied. The
      Company shall use its commercial best efforts to satisfy such requirements
      as
      soon as reasonably practicable following receipt of the written request by
      the
      Purchaser.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    (b) If
      the
      Purchaser desires to Transfer any shares of Non-Voting Common Stock to any
      Person, other than pursuant to a Permitted Transfer, then, at the request of
      the
      Purchaser, the Company will reasonably promptly exchange such shares of
      Non-Voting Common Stock for Company voting Common Stock on a one-for-one basis
      (in each case as appropriately adjusted for any stock split, combination,
      reorganization, recapitalization, reclassification, stock dividend, stock
      distribution or similar event declared or effected with respect to the Common
      Stock after the issuance of such shares of Non-Voting Common Stock being
      exchanged, applying the relevant adjustment methodologies, mutatis mutandis,
      set
      out in Section
      7.6
      below);
provided,
      however,
      that in
      the event that the transferee shall be prohibited from receiving the Common
      Stock as set forth in Section
      7.4
      hereof,
      the Purchaser shall Transfer the shares of Non-Voting Common Stock, without
      regard to the provisions of the immediately preceding sentence; provided,
      further,
      such
      provisions shall apply to any subsequent Transfers effectuated by such
      transferee. Upon surrender of certificates representing the shares of Non-Voting
      Common Stock that are being exchanged as part of such transfer, the Company
      will
      issue to the transferee certificates representing the appropriate number of
      shares of Common Stock. 

     

    (c) Notwithstanding
      anything to the contrary contained in this Section
      7.5
      above,
      prior to the issuance of the Common Stock, the Purchaser shall have satisfied
      any and all legal or regulatory requirements for conversion, including
      compliance with the HSR Act. The Company shall use its reasonable best efforts
      in cooperating with such holder to obtain such legal or regulatory approvals
      to
      the extent its cooperation is necessary.

     

    (d) In
      connection with any exchange of Non-Voting Common Stock for Common Stock
      hereunder, the Company shall use its reasonable best efforts to cooperate with
      the Purchaser or its transferee, as applicable, so as to enable such exchange
      to
      be made in accordance with applicable law, rules and regulations and the
      requirements of the Company's transfer agent and registrar and to otherwise
      facilitate the exchange and issuance of the Common Stock, time being of the
      essence. 

     

    7.6 The
      Fair
      Market Value shall be subject to adjustment from time to time prior to the
      issuance of the Trigger Shares as follows:

     

    (a) Adjustments
      to Fair Market Value Upon Stock Dividends, Subdivisions or
      Splits.
      If, at
      any time after the Effective Date and prior to the last day upon which Trigger
      Shares are issued, the number of shares of Common Stock and Non-Voting Common
      Stock (taken together "Ordinary
      Stock")
      outstanding is increased by a stock dividend payable in shares of Ordinary
      Stock
      or by a subdivision or split-up of shares of Ordinary Stock , then, following
      the record date for the determination of holders of Ordinary Stock entitled
      to
      receive such stock dividend, or to be affected by such subdivision or split-up,
      the Fair Market Value applicable to the Trigger Shares shall be decreased by
      multiplying the Fair Market Value by a fraction, the numerator of which is
      the
      number of shares of Ordinary Stock outstanding immediately prior to such
      increase and the denominator of which is the number of shares of Ordinary Stock
      outstanding immediately after such increase in outstanding shares.

     

    (b) Upon
      Combinations or Reverse Stock Splits.
      If, at
      any time after the Effective Date and prior to the Trigger Date, the number
      of
      shares of Ordinary Stock outstanding is decreased by a combination or reverse
      stock split of the outstanding shares of Ordinary Stock into a smaller number
      of
      shares of Ordinary Stock, then, following the record date to determine shares
      affected by such combination or reverse stock split, the Fair Market Value
      applicable to the Trigger Shares shall be increased by multiplying the Fair
      Market Value by a fraction, the numerator of which is the number of shares
      of
      Ordinary Stock outstanding immediately prior to such decrease and the
      denominator of which is the number of shares of Ordinary Stock outstanding
      immediately after such decrease in outstanding shares.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    8. Miscellaneous
      Provisions. 

     

    8.1 Rights
      Cumulative.
      Each
      and all of the various rights, powers and remedies of the parties shall be
      considered to be cumulative with and in addition to any other rights, powers
      and
      remedies which such parties may have at law or in equity in the event of the
      breach of any of the terms of this Agreement. The exercise or partial exercise
      of any right, power or remedy shall neither constitute the exclusive election
      thereof nor the waiver of any other right, power or remedy available to such
      party. 

     

    8.2 Pronouns.
      All
      pronouns or any variation thereof shall be deemed to refer to the masculine,
      feminine or neuter, singular or plural, as the identity of the person, persons,
      entity or entities may require. 

     

    8.3 Notices.
      

     

    (a) Any
      notices, reports or other correspondence (hereinafter collectively referred
      to
      as "correspondence") required or permitted to be given hereunder shall be sent
      by postage prepaid first class mail (sent certified or registered), overnight
      courier or facsimile transmission, or delivered by hand to the party to whom
      such correspondence is required or permitted to be given hereunder. The date
      of
      giving any notice shall be the date of its actual receipt. 

     

    
      	
              (b)

            	
              All
                correspondence to the Company shall be addressed as
                follows:

            
	 	 
	 	
              SkyTerra
                Communications, Inc. 

            
	 	
              10802
                Parkridge Boulevard

            
	 	
              Reston
                VA 20191

            
	 	
              Facsimile
                No.: 703-390-2770

            
	 	
              Attn:
                Chief Financial Officer

            
	 	 
	 	
              with
                copies (which shall not constitute notice) to:

            
	 	 
	 	
              SkyTerra
                Communications, Inc. 

            
	 	
              10802
                Parkridge Boulevard

            
	 	
              Reston
                VA 20191

            
	 	
              Facsimile
                No.: 703-390-6113

            
	 	
              Attn:
                General Counsel

            
	 	 
	 	
              Skadden,
                Arps, Slate, Meagher & Flom LLP

            
	 	
              Four
                Times Square

            
	 	
              New
                York, New York 10036

            
	 	
              Facsimile
                No.: 212-735-2000

            
	 	
              Attn:
                Gregory Fernicola

            

    

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    
      	
              (c)

            	
              All
                correspondence to the Purchaser shall be addressed as
                follows:

            
	 	 
	 	
              Inmarsat
                Global Limited

            
	 	
              99
                City Road

            
	 	
              London
                EC1YAX

            
	 	
              United
                Kingdom

            
	 	
              Facsimile
                No.: 44 20 7728 1650

            
	 	
              Attn:
                General Counsel

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

            
	 	 
	 	
              Latham
                & Watkins LLP

            
	 	
              555
                Eleventh Street, NW, Suite 1000

            
	 	
              Washington,
                DC 20004

            
	 	
              Facsimile
                No.: 202-637-2201

            
	 	
              Attn:
                John Janka

            

    

     

    (d) Any
      party
      may change the address to which correspondence to it is to be addressed by
      notification as provided for herein. 

     

    8.4 Captions.
      The
      captions and paragraph headings of this Agreement are solely for the convenience
      of reference and shall not affect its interpretation. 

     

    8.5 Severability.
      Should
      any part or provision of this Agreement be held unenforceable or in conflict
      with the applicable laws or regulations of any jurisdiction, the invalid or
      unenforceable part or provisions shall be replaced with a provision which
      accomplishes, to the extent possible, the original business purpose of such
      part
      or provision in a valid and enforceable manner, and the remainder of this
      Agreement shall remain binding upon the parties hereto. 

     

    8.6 Governing
      Law; Exclusive Jurisdiction and Venue; Waiver of Jury Trial.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York. THE PARTIES HEREBY IRREVOCABLY WAIVE ANY AND ALL RIGHT TO
      TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS
      AGREEMENT.

     

    8.7 Waiver.
      No
      waiver of any term, provision or condition of this Agreement, whether by conduct
      or otherwise, in any one or more instances, shall be deemed to be, or be
      construed as, a further or continuing waiver of any such term, provision or
      condition or as a waiver of any other term, provision or condition of this
      Agreement. 

     

    8.8 Assignment.
      The
      rights and obligations of any party hereto shall inure to the benefit of and
      shall be binding upon the authorized successors and permitted assigns of such
      party. This Agreement may be assigned to any party to whom the Cooperation
      Agreement will be assigned.

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

    8.9 Survival.
      The
      representations and warranties given by the Company in Sections 3.1, 3.2 (other
      than with respect to the Cooperation Agreement), 3.3(c) (other than with respect
      to the Cooperation Agreement), 3.5, 3.7 and 3.20 hereto (collectively, the
      "Share
      Issuance Representations")
      are
      restated as of each Closing Date with respect to the Shares issued on such
      Closing Date and shall survive the particular Closing Date on which such Share
      Issuance Representations are given and the consummation of the transactions
      contemplated herein and shall expire on the eighteen month anniversary of the
      applicable Closing Date. All representations and warranties given by the Company
      herein other than the Share Issuance Representations shall survive the date
      of
      this Agreement and the consummation of the transactions contemplated herein
      and
      shall expire on the eighteen month anniversary of the date of this Agreement.
      Accordingly, no claim relating to any representation or warranty given by the
      parties hereto applicable to the Closing Date may be made following such
      expiration. If a claim relating to any representation or warranty given by
      the
      parties hereto is made on or prior to the expiration thereof, then,
      notwithstanding anything to the contrary contained in this Section
      8.9,
      such
      representation or warranty shall not so expire, but rather shall remain in
      full
      force and effect until such time as such claim has been fully and finally
      resolved, either by means of a written settlement agreement executed on behalf
      of the parties or by means of a final, non-appealable judgment issued by a
      court
      of competent jurisdiction. The respective covenants and agreements agreed to
      by
      a party hereto shall survive the date of this Agreement and the consummation
      of
      the transactions contemplated herein in accordance with their respective terms
      and conditions. 

     

    8.10 Entire
      Agreement.
      This
      Agreement and the Transaction Documents constitute the entire agreement between
      the parties hereto respecting the subject matter hereof and supersede all prior
      agreements, negotiations, understandings, representations and statements
      respecting the subject matter hereof, whether written or oral, between the
      Company and the Purchaser. 

     

    8.11 Amendments.
      Any
      amendment, supplement or modification of or to any provision of this Agreement
      and any waiver of any provisions of this Agreement shall be effective only
      if
      made or given in writing and signed by the Company and the
      Purchaser.

     

    8.12 No
      Third Party Rights.
      This
      Agreement is intended solely for the benefit of the parties hereto and their
      respective successors and permitted assigns and is not intended to confer any
      benefits upon, or create any rights in favor of, any Person (including, without
      limitation, any stockholder or debt holder of the Company or MSV) other than
      the
      parties hereto. 

     

    8.13 Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      deemed an original, but all of which together shall constitute one and the
      same
      document. The parties hereto confirm that any facsimile copy of another party's
      executed counterpart of this Agreement (or its signature page thereof) will
      be
      deemed to be an executed original thereof. 

     

    8.14 Expenses.
      Each of
      the Company and the Purchaser shall pay its own fees and expenses in connection
      with the consummation of the transactions contemplated hereby. 

     

    [Signature
      pages follow.]

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    Each
      of
      the parties hereto has caused a counterpart of this Agreement to be duly
      executed and delivered as of the date first written above.

     

    
      	 	
              SKYTERRA
                COMMUNICATIONS, INC.

            
	 	 	 
	 	
              By:

            	/s/
              Scott Macleod
	 	
              Name:

            	
              Scott
                Macleod

            
	 	
              Title:

            	
              Executive
                Vice President, Chief Financial Officer and Treasurer

            
	 	 	 
	 	 	 
	 	
              INMARSAT
                GLOBAL LIMITED

            
	 	 	 
	 	
              By:

            	
              /s/
                Rupert Pearce

            
	 	
              Name:

            	
              Rupert
                Pearce

            
	 	
              Title:

            	
              Group
                General Counsel

            
	 	 	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    LIST
      OF EXHIBITS

    

    
      	
              Exhibit
                A:

            	
              Form
                of Registration Rights Agreement

            
	
              Exhibit
                B:

            	
              Form
                of Capitalization Table

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Exhibit
      A

     

    Form
      of
      Registration Rights Agreement

     

    See
      Exhibit 10.3 to the Current Report on Form 8-K of
      SkyTerra Communications, Inc. filed with the 

    Securities
      and Exchange Commission on December 21,
      2007

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      B

    

    Form
      of Capitalization Table

     

    
      
        	 	 	 	 	 	 
	SkyTerra
                Common Shares (1),
(2)	 	
                 Current
                  (12/20/07)

              	 	
                 Pro
                  Forma (01/04/08)

              	 
	 	 	
                Shares

              	 	
                %

              	 	
                Shares

              	 	
                %

              	 
	
                Apollo
                  (3)

              	 	 	
                16,398,129

              	 	 	
                14

              	
                %

              	 	
                16,398,129

              	 	 	
                14

              	
                %

              
	
                Management
                  Options (4)

              	 	 	
                6,517,751

              	 	 	
                6

              	
                %

              	 	
                6,517,751

              	 	 	
                6

              	
                %

              
	
                Immarsat

              	 	 	
                -

              	 	 	
                0

              	
                %

              	 	
                -

              	 	 	
                0

              	
                %

              
	
                Float
                  / Other (5)

              	 	 	
                90,481,948

              	 	 	
                80

              	
                %

              	 	
                90,481,948

              	 	 	
                80

              	
                %

              
	
                Total
                  Fully Diluted Common Shares (6),
(7)

              	 	 	
                113,397,828

              	 	 	
                100

              	
                %

              	 	
                113,397,828

              	 	 	
                100

              	
                %

              
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
              	 	 	 	 	 	
                 Exercise 

              	 	 	
              	 	 	
                Exercise

              	 
	
                SkyTerra
                  Warrants(3),
                  (8)

              	 	 	
                Shares

              	 	 	
                Price

              	 	 	
                Shares

              	 	 	
                Price

              	 
	
                Series
                  1A (Select One of Following)

              	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                $40.00
                  or less

              	 	 	
                652,711

              	 	
                $

              	
                20.39

              	 	 	
                652,711

              	 	
                $

              	
                20.39

              	 
	
                $50.00

              	 	 	
                592,478

              	 	
                $

              	
                19.20

              	 	 	
                592,478

              	 	
                $

              	
                19.20

              	 
	
                $60.00

              	 	 	
                337,043

              	 	
                $

              	
                15.14

              	 	 	
                337,043

              	 	
                $

              	
                15.14

              	 
	
                $70.00
                  or more

              	 	 	
                316,754

              	 	
                $

              	
                0.10

              	 	 	
                316,754

              	 	
                $

              	
                0.10

              	 
	
                Series
                  2A

              	 	 	
                2,560,182

              	 	
                $

              	
                25.85

              	 	 	
                2,560,182

              	 	
                $

              	
                25.85

              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                Harbinger
                  Warrants (9)

              	 	 	
                -

              	 	 	
                -

              	 	 	
                9,144,037

              	 	
                $

              	
                10.00

              	 

      

      

      Footnotes:

      

      (1)
        Voting
        Common: 200,000,000 Authorized Shares; 34,265,663 Outstanding Shares (as
        of
        December 20, 2007).

      

      (2)
        Non-Voting Common: 100,000,000 Authorized Shares; 72,614,414 Outstanding
        Shares
        (as of December 20, 2007).

      

      (3)
        Apollo
        has SkyTerra Series 1A and 2A warrants that, although currently out of the
        money, could become a dilution factor at a higher SkyTerra trading price.
        The
        shares of SkyTerra Common Stock underlying the Series 1A and 2A Warrants
        are
        subject to anti-dilution protection, including upon the exercise of the
        Harbinger Warrants.

      

      (4)
        Includes
        MSV management options exchanging for SkyTerra options and SkyTerra management
        options as calculated on a treasury method basis at a current SKYT trading
        price
        of $5.85. On a non-treasury method basis, there are currently 1,082,928 SkyTerra
        options outstanding. On a non-treasury method basis, there are currently
        4,778,250 MSV options outstanding (including 50,000 restricted / phantom
        units),
        which upon exchange to SkyTerra options at a ratio of 2.82, will result in
        a
        total of 13,474,665 SkyTerra options.

      

      (5)
        Other
        includes BCE, Inc. and TerreStar Corp.

      

      (6)
        Up to
        12% of the Company’s outstanding Common Stock will be available for grants
        pursuant to the 2006 Equity and Incentive Plan (the “2006 Plan”). On a monthly
        basis, that number will be adjusted, provided such adjustment involves increases
        of greater than 100,000 shares, to maintain the number of shares outstanding
        or
        issuable under the 2006 Plan at 12% of the Company’s outstanding Common Stock,
        up to a maximum of 15,000,000 shares. As of the date hereof, and prior to
        the
        Initial Closing, there are 9,193,600 shares available for issuance under
        the
        2006 Plan. Such number may be increased prior to the Initial Closing to a
        maximum of 12,825,609 (12% of total common outstanding prior to the Initial
        Closing). 

      

      (7)
        Pursuant
        to the 1998 Long Term Incentive Plan, 879,122 shares of Common Stock were
        authorized and reserved for future issuance.

      

      (8)
        Common
        shares underlying SkyTerra warrants at conversion as of December 20, 2007.
        There
        are 234,633 Series 1A warrants and 9,810,033 Series 2A warrants outstanding.
        The
        conversion shares underlying the Series 1A Warrants are calculated on a sliding
        scale dependent upon the SkyTerra trading price. 

      

      (9)
        Harbinger has SkyTerra warrants that, although currently out of the money,
        could
        become a dilution factor at a higher SkyTerra trading price. The number of
        shares issuable upon exercise of the warrants provides Harbinger ownership
        of
        7.5% of the fully-diluted shares of SkyTerra Common Stock (projected for
        January
        3, 2008) on a treasury method basis, assuming an agreed-upon SkyTerra share
        price of $5.05. The shares of SkyTerra Common Stock underlying the Harbinger
        Warrants have certain pre-emptive rights and anti-dilution protection rights,
        subject to customary exceptions.REGISTRATION
      RIGHTS AGREEMENT

     

    This
      REGISTRATION RIGHTS AGREEMENT (this “Agreement”),
      dated
      as of December 20, 2007, is by and among Inmarsat Global Limited (the
“Holder”)
      and
      SkyTerra Communications, Inc., a Delaware corporation (“SkyTerra”).
      Certain capitalized terms used herein are defined in Section 7 below.

     

    RECITALS:

     

    WHEREAS,
      pursuant to the Subscription Agreement by and between SkyTerra and the Holder,
      dated as of December 14, 2007 (the “Subscription
      Agreement”),
      SkyTerra will issue shares of its Voting Common Stock, par value $0.01 per
      share
      (the “Voting
      Common Stock”)
      to the
      Holder (the “Effective
      Date Shares”);

     

    WHEREAS,
      pursuant to the terms that certain Cooperation Agreement dated as of December
      14, 2007 (the “Cooperation
      Agreement”),
      SkyTerra may issue an additional $31,250,000 worth of Voting Common Stock to
      the
      Holder upon the satisfaction of certain conditions, as more fully set forth
      in
      the Cooperation Agreement (the “Trigger
      Shares”);

     

    WHEREAS,
      pursuant to the terms of the Cooperation Agreement, SkyTerra may issue an
      additional $56,250,000 worth of Voting Common Stock to the Holder upon the
      satisfaction of certain conditions, as more fully set forth in the Cooperation
      Agreement (the “Phase
      I Shares”
      and
      together with the Effective Date Shares and the Trigger Shares, the
“Acquired
      Shares”);
      and

     

    WHEREAS,
      in order to induce the Holder to consummate the transactions under the
      Subscription Agreement and the Cooperation Agreement, SkyTerra has agreed to
      provide certain registration rights to the Holder on the terms and subject
      to
      the conditions set forth herein.

     

    NOW,
      THEREFORE, the parties hereto hereby agree as follows: 

     

    SECTION
      1. REGISTRATION
      UNDER THE SECURITIES ACT.

     

    
      
        1.1
          Registration.

      

    

     

    (a) SkyTerra
      shall use its reasonable best efforts to file with the Securities and Exchange
      Commission (the “SEC”)
      no
      later than thirty (30) Business Days after the later of (i) two years following
      the Effective Date (the “Second
      Anniversary”)
      and
      (ii) the receipt of a written request from the Holder requesting the
      registration of all of the Effective Date Shares and all of the Trigger Shares
      then held by the Holder (the “Registration
      Request”,
      and
      along with the Second Anniversary, the “Resale
      Registration Conditions”)
      a
      registration statement on the appropriate form for the purpose of registering
      such Acquired Shares under the Securities Act for resale by the Holder (the
      “Resale
      Registration Statement”).
      If,
      at the time of the filing of the Resale Registration Statement any or all of
      the
      Trigger Shares have not yet been issued, SkyTerra will upon the written request
      of the Holder and receipt by the Holder of any or all of the Trigger Shares
      (the
“Second
      Registration Request”),
      use
      its reasonable best efforts to file one additional registration statement on
      the
      appropriate form or file a post-effective amendment to the Resale Registration
      Statement for the purpose of registering the Trigger Shares that have been
      subsequently acquired by the Holder (the “Second
      Resale Shelf”)
      no
      later than thirty (30) Business Days following such Second Registration Request,
      provided,
      however,
      that
      SkyTerra shall not be obligated to file more than one registration statement
      in
      any six-month period pursuant to this Section
      1.1 or
      more than one Second Resale Shelf or Third Resale Shelf (as defined herein).
      Additionally, SkyTerra shall use its reasonable best efforts to file one
      additional registration statement (or a post effective amendment to the Resale
      Registration Statement or Second Resale Shelf) (the "Third
      Resale Shelf")
      on the
      appropriate form for the purpose of registering the Phase I Shares for resale
      no
      later than thirty (30) Business Days following (i) one year following the Phase
      1 Completion Date (the "Phase
      I Anniversary"),
      and
      (ii) the receipt of a written request by the Holder requesting the registration
      of all of the Phase I Shares then held by the Holder (the "Third
      Registration Request").
      At the
      request of the Holder, the Third Resale Shelf will include any Trigger Shares
      not previously included in the Resale Registration Statement or Second Resale
      Shelf. In the event of a Second Resale Shelf or a Third Resale Shelf, all other
      terms applicable to the Resale Registration Statement, other than with respect
      to the timing of its filing, shall be applicable to the Second Resale Shelf
      or
      the Third Resale Shelf, as applicable, and all references herein to the Resale
      Registration Statement shall be deemed to include the Second Resale Shelf and
      the Third Resale Shelf, as applicable, (references to the Resale Registration
      Conditions will include the Second Registration Request or the Third
      Registration Request, as applicable). SkyTerra will cause the Resale
      Registration Statement to comply as to form in all material respects with the
      applicable provisions of the Securities Act and the rules and regulations
      thereunder. SkyTerra shall use its reasonable best efforts, and the Holder
      will
      provide reasonable cooperation with SkyTerra, to have the Resale Registration
      Statement declared effective by the SEC as promptly as practicable, but no
      later
      than one hundred fifty (150) calendar days following the occurrence of the
      applicable Resale Registration Conditions. Upon notice to the Holder, SkyTerra
      may postpone filing or effecting the Resale Registration Statement, the Second
      Resale Shelf and/or Third Resale Shelf for a reasonable time, but not exceeding
      ninety (90) calendar days from the receipt of such notice, if (i) SkyTerra’s
      Board of Directors (the “Board”)
      shall
      determine that effecting the registration would adversely affect an offering
      of
      securities of SkyTerra the preparation of which had then been commenced, or
      (ii)
      SkyTerra is in possession of material non-public information the disclosure
      of
      which would not be in the best interest of SkyTerra. Nothing herein shall
      prevent SkyTerra from including SkyTerra securities held by other holders in
      the
      Resale Registration Statement, any Second Resale Shelf or Third Resale Shelf.
      Additionally, in the event SkyTerra files the Second Resale Shelf or the Third
      Resale Shelf, nothing in this Agreement shall prevent SkyTerra from combining
      the latest registration statement with any registration statement previously
      filed for the benefit of the Holder.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) SkyTerra
      shall keep the Resale Registration Statement effective (including through the
      filing of any required post-effective amendments) until the earlier to occur
      of
      (i) such time as the Holder has sold all of the Acquired Shares registered
      thereunder or (ii) such time as the shares no longer constitute Acquired
      Shares.

     

    (c) The
      plan
      of distribution contained in the Resale Registration Statement shall be
      substantially in the form attached as Exhibit A hereto.

     

    1.2 Registration Procedures.
      Subject
      to the terms and conditions hereof, SkyTerra shall use its reasonable best
      efforts to effect the registration and the disposition of the Acquired Shares
      in
      accordance with the intended method of disposition thereof (which method will
      not include an underwritten offering), and pursuant thereto SkyTerra shall,
      as
      expeditiously as possible:

     

    
      	 	
              (a)

            	
              after
                the occurrence of the Resale Registration Conditions and in accordance
                with the filing deadlines set forth in Section
                1.1(a),
                prepare and file with the SEC the Resale Registration Statement (and
                any
                amendments, including any post-effective amendments or supplements
                to the
                Resale Registration Statement SkyTerra deems to be necessary) and
                use its
                reasonable best efforts to cause the Resale Registration Statement
                to
                become effective as promptly as reasonably possible and to comply
                with the
                provisions of the Securities Act applicable to it; provided,
                that before filing the Resale Registration Statement or prospectus
                or any
                amendments or supplements thereto (other than filings made pursuant
                to the
                Exchange Act or exhibits to such registration statements), SkyTerra
                shall
                furnish to counsel for the Holder copies of all such documents proposed
                to
                be filed, including documents incorporated by reference in the
                Registration Statement, so as to provide the Holder and their counsel
                a
                reasonable opportunity to review and comment on such documents, and
                SkyTerra (i) will make such changes and additions thereto as reasonably
                requested by counsel to the Holder prior to filing the Resale Registration
                Statement or amendment thereto or any prospectus or any supplement
                thereto
                and (ii) if the Holder is a controlling person of SkyTerra, will
                include
                therein material relating to the Holder or the plan of distribution
                for
                the Acquired Shares registered thereunder (which shall not include
                an
                underwritten offering), furnished to SkyTerra in writing, which,
                in the
                reasonable judgment of the Holder, should be
                included;

            

    

     

    
      	 	
              (b)

            	
              furnish
                to the Holder such number of copies of the Resale Registration Statement,
                each amendment and supplement thereto, the prospectus included in
                the
                Resale Registration Statement and such other documents as the Holder
                may
                reasonably request in order to facilitate the disposition of the
                Acquired
                Shares registered thereunder; provided,
                however,
                that SkyTerra shall have no obligation to furnish copies of a final
                prospectus if the conditions of Rule 172(c) under the Securities
                Act are
                satisfied by SkyTerra;

            

    

     

    
      	 	
              (c)

            	
              prepare
                and file with the SEC such amendments and supplements to the Resale
                Registration Statement and the prospectus used in connection therewith
                as
                may be necessary to keep the Resale Registration Statement effective
                for
                the time period as specified in Section 1.1 in order to complete
                the
                disposition of the Acquired Shares covered by the Resale Registration
                Statement and comply with the provisions of the Securities Act with
                respect to the disposition of all Acquired Shares covered by the
                Resale
                Registration Statement during such period in accordance with the
                intended
                methods of disposition thereof as set forth in the Resale Registration
                Statement;

            

    

     

    
      	 	
              (d)

            	
              use
                its reasonable best efforts to register or qualify the Acquired Shares
                under such other securities or blue sky laws of such jurisdictions
                as the
                Holder reasonably request and do any and all other acts and things
                which
                may be reasonably necessary or advisable to enable the Holder to
                consummate the disposition of the Acquired Shares in such jurisdictions
                of
                (provided that SkyTerra shall not be required to (i) qualify generally
                to
                do business in any jurisdiction where it would not otherwise be required
                to qualify but for this subsection, (ii) subject itself to taxation
                in any
                such jurisdiction or (iii) consent to general service of process
                in any
                such jurisdiction); 

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (e)

            	
              notify
                the Holder, at any time when a prospectus relating thereto is required
                to
                be delivered under the Securities Act, (i) when the Resale Registration
                Statement or any post-effective amendment has become effective under
                the
                Securities Act, (ii) of any written request by the SEC for amendments
                or
                supplements to the Resale Registration Statement or prospectus, (iii)
                of
                the happening of any event as a result of which the prospectus included
                in
                the Resale Registration Statement contains an untrue statement of
                a
                material fact or omits any fact necessary to make the statements
                therein,
                in light of the circumstances under which they were made, not misleading
                (whereupon the Holder shall immediately cease any offers, sales or
                other
                distribution of Acquired Shares registered thereunder), and, subject
                to
                1.3(c), SkyTerra shall promptly prepare a supplement or amendment
                to such
                prospectus so that, as thereafter used by the Holder for the resale
                of the
                Acquired Shares, such prospectus shall not contain an untrue statement
                of
                a material fact or omit to state any fact necessary to make the statements
                therein, in light of the circumstances under which they were made,
                not
                misleading, and (iv) of the issuance of any stop order suspending
                the
                effectiveness of the Resale Registration Statement, or of any order
                suspending or preventing the use of any related prospectus or suspending
                the qualification of any of the Acquired Shares included in the Resale
                Registration Statement for sale or distribution in any
                jurisdiction;

            

    

     

    
      	 	
              (f)

            	
              in
                the event of the issuance of any stop order suspending the effectiveness
                of the Resale Registration Statement, or of any order suspending
                or
                preventing the use of any related prospectus or suspending the
                qualification of any Acquired Shares included in the Resale Registration
                Statement for sale or distribution in any jurisdiction, SkyTerra
                shall use
                its reasonable best efforts to promptly obtain the withdrawal of
                such
                order and shall prepare and file an amended or supplemented prospectus,
                if
                required;

            

    

     

    
      	 	
              (g)

            	
              provide
                a transfer agent and registrar for all the Acquired Shares not later
                than
                the effective date of the Resale Registration
                Statement;

            

    

     

    
      	 	
              (h)

            	
              use
                its reasonable best efforts to cause the Acquired Shares covered
                by the
                Resale Registration Statement to be registered with or approved by
                such
                other governmental agencies or authorities as may be necessary to
                enable
                the Holder to complete the disposition of the Acquired Shares covered
                by
                the Registration Statement and comply with the provisions of the
                Securities Act with respect to the disposition of all Acquired Shares
                covered by the Resale Registration Statement during such period in
                accordance with the intended methods of disposition by the Holder
                thereof
                set forth in the Resale Registration
                Statement;

            

    

     

    
      	 	
              (i)

            	
              make
                available for inspection by the Holder and any attorney, accountant
                or
                other agent retained by the Holder, all financial and other records,
                pertinent corporate documents and properties of SkyTerra, and cause
                SkyTerra’s officers, managers, employees and independent accountants to
                supply all information reasonably requested by the Holder and such
                attorneys, accountants or agents in connection with the
                Resale Registration Statement; and

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (j)

            	
              make
                generally available to its stockholders a consolidated earnings statement
                (which need not be audited) for the 12 months beginning after the
                effective date of such registration statement as soon as reasonably
                practicable after the end of such period, which earnings statement
                shall
                satisfy the requirements of an earning statement under Section 11(a)
                of
                the Securities Act.

            

    

     

    1.3 Other
      Procedural Matters.

     

    
      	 	
              (a)

            	
              SEC
                Correspondence.
                SkyTerra shall make available to the Holder promptly after the same
                is
                prepared and publicly distributed, filed with the SEC, or received
                by
                SkyTerra, one copy of the Resale Registration Statement and any amendment
                thereto, each preliminary prospectus and each amendment or supplement
                thereto (other than filings made pursuant to the Exchange Act or
                exhibits
                to such registration statements), each letter written by or on behalf
                of
                SkyTerra to the SEC or the staff of the SEC (or other governmental
                agency
                or self-regulatory body or other body having jurisdiction, including
                any
                domestic or foreign securities exchange), in each case relating to
                the
                Resale Registration Statement. SkyTerra will promptly respond to
                any and
                all comments received from the SEC, with a view towards causing the
                Resale
                Registration Statement or any amendment thereto to be declared effective
                by the SEC as soon as reasonably practicable and shall file an
                acceleration request as soon as reasonably practicable following
                the
                resolution or clearance of all SEC comments or, if applicable, following
                notification by the SEC that the Resale Registration Statement or
                any
                amendment thereto will not be subject to
                review.

            

    

     

    
      	 	
              (b)

            	
              The
                Holder shall furnish SkyTerra with any other information regarding
                the
                Holder and the disposition of the Acquired Shares, including without
                limitation the plan of distribution of the Acquired Shares (substantially
                in the form attached as Exhibit A hereto), as SkyTerra reasonably
                determines, is required to be included in the Resale Registration
                Statement. At least ten (10) Business Days prior to the first anticipated
                filing date of a Registration Statement for any registration under
                this
                Agreement, SkyTerra will notify the Holder of the information SkyTerra
                requires from the Holder other than information contained in the
                Selling
                Securityholder Questionnaire attached hereto as Exhibit
                B,
                which shall be completed and delivered to SkyTerra promptly concurrently
                with any request for inclusion in any Resale Registration Statement
                pursuant to Section 1.1.

            

    

     

    
      	 	
              (c)

            	
              The
                Holder agrees that, upon notice from SkyTerra of the happening of
                any
                event as a result of which the prospectus included in the Resale
                Registration Statement contains an untrue statement of a material
                fact or
                omits any material fact necessary to make the statements therein
                not
                misleading (a “Suspension
                Notice”),
                the Holder will forthwith discontinue disposition of Acquired Shares
                pursuant to the Resale Registration Statement until the Holder is
                advised
                in writing by SkyTerra that the use of the prospectus may be resumed
                and
                is furnished with a supplemented or amended prospectus as contemplated
                by
                Section 1.2 hereof; provided,
                however,
                that such postponement of sales of Acquired Shares by the Holder
                shall not
                in any event exceed (i) twenty (20) consecutive days or (ii) forty-five
                (45) days in the aggregate in any 12 month period. The Holder agrees
                to
                keep confidential the existence of any Suspension Notice and, if
                disclosed
                to the Holder, the facts and circumstances giving rise thereto. If
                SkyTerra shall give the Holder any Suspension Notice, SkyTerra shall
                extend the period of time during which SkyTerra is required to maintain
                the Resale Registration Statement effective pursuant to this Agreement
                by
                the number of days during the period from and including the date
                of the
                giving of such Suspension Notice to and including the date the Holder
                is
                advised by SkyTerra that the use of the prospectus may be resumed.
                In any
                event, SkyTerra shall not be entitled to deliver more than a total
                of
                three (3) Suspension Notices in any 12 month
                period.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (d)

            	
              Neither
                SkyTerra nor the Holder shall permit any officer, manager, underwriter,
                broker or any other person acting on behalf of SkyTerra to use any
                free
                writing prospectus (as defined in Rule 405 under the Securities Act)
                in
                connection with the Resale Registration Statement filed pursuant
                to this
                Agreement without the prior written consent of SkyTerra and the
                Holder.

            

    

     

    1.4 Expenses.
      

     

    
      	 	
              (a)

            	
              Registration
                Expenses. All
                Registration Expenses shall be borne by
                SkyTerra.

            

    

     

    
      	 	
              (b)

            	
              Selling
                Expenses. All
                expenses incident to the Holder’s performance of or compliance with this
                Agreement, including, without limitation, all fees and expenses of
                counsel
                for the Holder, fees and expenses of any broker or dealer discounts
                or
                commissions attributable to the disposition of Acquired Shares shall
                be
                borne solely by the Holder.

            

    

     

    SECTION
      2. LOCKUP
      AGREEMENT.

     

    2.1 The
      Holder hereby agrees to not effect any public sale or distribution (including
      any sales pursuant to Rule 144) of equity securities of SkyTerra, or any
      securities convertible into or exchangeable or exercisable for such securities,
      during the seven days prior to and the 90-day period beginning on the effective
      date of any underwritten registered public offering (or the filing of a
      prospectus supplement to any effective shelf registration statement) of equity
      securities of SkyTerra or securities convertible or exchangeable into or
      exercisable for equity securities of SkyTerra (except as part of such
      underwritten registration), unless the underwriters managing the registered
      public offering otherwise consent in writing, and the Holder will deliver an
      undertaking to the managing underwriters (if requested) consistent with this
      covenant. The Holder shall not be obligated to comply with the provisions of
      this Section 2.1 more than two times in any 12-month period.

     

    SECTION
      3. INDEMNIFICATION.

     

    3.1 Indemnification
      by SkyTerra. SkyTerra
      agrees to indemnify, to the extent permitted by law, each of the Holder, its
      officers, directors, employees and Affiliates and each Person who controls
      the
      Holder (within the meaning of the Securities Act) against all losses, claims,
      damages, liabilities, and expenses caused by any untrue or alleged untrue
      statement of material fact contained in the Resale Registration Statement or
      any
      prospectus forming a part of the Resale Registration Statement or any “issuer
      free writing prospectus” (as defined in Securities Act Rule 433), or any
      amendment thereof or supplement thereto or any omission or alleged omission
      of a
      material fact required to be stated therein or necessary to make the statements
      therein, in light of the circumstances under which they were made, not
      misleading or any violation or alleged violation by SkyTerra of the Securities
      Act, the Exchange Act or applicable “blue sky” laws, except insofar as the same
      are made in reliance and in conformity with any information furnished in writing
      to SkyTerra by the Holder expressly for use therein or by the failure of the
      Holder to deliver a copy of such registration statement or prospectus or any
      amendments or supplements thereto as required by law after SkyTerra has
      furnished the Holder with a sufficient number of copies of the same.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    3.2 Indemnification
      by the Holder. In
      connection with the Resale Registration Statement in which the Holder is
      participating, the Holder shall furnish to SkyTerra in writing the Selling
      Securityholder Questionnaire and such other information as SkyTerra reasonably
      requests for use in connection with any such registration statement or
      prospectus and, to the extent permitted by law, the Holder shall indemnify
      SkyTerra, its directors, officers, employees and Affiliates, and each Person
      who
      controls SkyTerra (within the meaning of the Securities Act), against any
      losses, claims, damages, liabilities, and expenses resulting from any untrue
      or
      alleged untrue statement of material fact contained in the Resale Registration
      Statement, the prospectus or preliminary prospectus forming a part of the Resale
      Registration Statement or any amendment thereof or supplement thereto or any
      omission or alleged omission of a material fact required to be stated therein
      or
      necessary to make the statements therein, in light of the circumstances under
      which they were made, not misleading, but only to the extent that any
      information so furnished in writing by the Holder contains such untrue statement
      or omits a material fact required to be stated therein necessary to make the
      statements therein not misleading; provided,
      however,
      that
      the obligation of the Holder to indemnify SkyTerra hereunder shall be limited
      to
      the net proceeds to the Holder from the sale of the Holder’s Acquired Shares
      pursuant to the Resale Registration Statement.

     

    3.3 Indemnification
      Procedures. Any
      Person entitled to indemnification hereunder shall (i) give prompt written
      notice to the indemnifying party of any claim with respect to which it seeks
      indemnification (provided that the failure to give prompt notice shall not
      impair any Person’s right to indemnification hereunder to the extent such
      failure has not prejudiced the indemnifying party) and (ii) unless in such
      indemnified party’s reasonable judgment a conflict of interest between such
      indemnified and indemnifying parties may exist with respect to such claim,
      permit such indemnifying party to assume the defense of such claim with counsel
      reasonably satisfactory to the indemnified party. If such defense is assumed,
      the indemnifying party shall not be subject to any liability for any settlement
      made by the indemnified party without its consent (but such consent shall not
      be
      unreasonably withheld). An indemnifying party who is not entitled to, or elects
      not to, assume the defense of a claim shall not be obligated to pay the fees
      and
      expenses of more than one counsel (in addition to local counsel) for all parties
      indemnified by such indemnifying party with respect to such claim, unless in
      the
      reasonable judgment of any indemnified party there may be one or more legal
      or
      equitable defenses available to such indemnified party that are in addition
      to
      or may conflict with those available to another indemnified party with respect
      to such claim. Failure to give prompt written notice shall not release the
      indemnifying party from its obligations hereunder.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    3.4 Investigation;
      Contribution. The
      indemnification provided for under this Agreement shall remain in full force
      and
      effect regardless of any investigation made by or on behalf of the indemnified
      party or any officer, director, or controlling Person of such indemnified party
      and shall survive the transfer of securities. If the indemnification provided
      under Section 3.1 or Section 3.2 of this Agreement is held by a court to be
      unavailable or unenforceable in respect of any losses, claims, damages,
      liabilities or expenses referred to herein, then each applicable indemnifying
      party, in lieu of indemnifying such indemnified party, shall contribute to
      the
      amount paid or payable by such indemnified Person as a result of such losses,
      claims, damages, liabilities or expenses in such proportion as is appropriate
      to
      reflect the relative fault of the indemnifying party on the one hand and of
      the
      indemnified party on the other in connection with the statements or omissions
      that result in such losses, claims, damages, liabilities or expenses as well
      as
      any other relevant equitable considerations. The relative fault of the
      indemnifying party on the one hand and of the indemnified Person on the other
      shall be determined by reference to, among other things, whether the untrue
      or
      alleged untrue statement of a material fact or the omission or alleged omission
      to state a material fact relates to information supplied by the indemnifying
      party or by the indemnified party, and by such party’s relative intent,
      knowledge, access to information and opportunity to correct or prevent such
      statement or omission. In no event shall the liability of the Holder for
      contribution pursuant to this Section 3.4 be greater than the amount for which
      the Holder would have been liable pursuant to Section 3.2 had indemnification
      been available and enforceable.

     

    SECTION
      4. RULE
      144 TRANSACTIONS.

     

    4.1 Undertaking
      to File Reports and Cooperate in Rule 144 Transactions.
      SkyTerra shall use its reasonable best efforts to file with the SEC, on a timely
      basis, all annual, quarterly and other periodic reports required to be filed
      by
      it under Sections 13 and 15(d) of the Exchange Act, and the rules and
      regulations thereunder for so long as such disclosure is required to allow
      sales
      of Acquired Shares pursuant to Rule 144 under the Securities Act; provided,
      however,
      that
      the foregoing shall not be construed to require SkyTerra to prepare and file
      periodic reports if it is not required to do so under the Exchange Act. In
      the
      event of any proposed sale by the Holder of Acquired Shares pursuant to Rule
      144
      under the Securities Act or otherwise as provided herein, which sale is to
      be
      made in accordance with the terms of Section 5.1 hereof, SkyTerra shall use
      its
      reasonable best efforts to cooperate with the Holder so as to enable such sales
      to be made in accordance with applicable laws, rules and regulations, the
      requirements of the transfer agent of SkyTerra, and the reasonable requirements
      of the broker through which the sales are proposed to be executed, and shall,
      upon written request, furnish unlegended certificates representing ownership
      of
      Acquired Shares sold thereby, such certificates to be furnished in such numbers
      and denominations as the Holder may reasonably request.

     

    SECTION
      5. RESTRICTIONS
      ON TRANSFER.

     

    5.1 Permitted
      Transfers. The
      Holder hereby agrees that until (i) the Second Anniversary, the Holder may
      not
      transfer any of the Effective Date Shares or the Trigger Shares, and (ii) the
      Phase I Anniversary, the Holder may not transfer any of the Phase I Shares;
      provided,
      however,
      that
      the Holder may at any time transfer any of such shares to an Affiliate of the
      Holder (so long as such Affiliate is an “accredited investor” as defined in Rule
      501 of Regulation D promulgated under the Securities Act and agrees in a written
      instrument in form and substance reasonably satisfactory to the Company to
      be
      bound by the terms and provisions of this Agreement if, and to the fullest
      extent as, the Holder). From and after the Second Anniversary with respect
      to
      the Effective Date Shares and the Trigger Shares, and the Phase I Anniversary
      with respect to the Phase I Shares, the Holder may transfer any of the Acquired
      Shares: (i) pursuant to an effective registration statement under the Securities
      Act or (ii) pursuant to an available exemption from registration under the
      Securities Act (including sales permitted pursuant to Rule 144) and applicable
      state securities laws (subject to the Company’s request for reasonable
      documentation, including opinions of counsel, that such sale or transfer is
      made
      pursuant to an available exemption from registration).

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    SECTION
      6. TRANSFER
      OF REGISTRATION RIGHTS.

     

    The
      Holder may not transfer or assign all or any portion of its rights under this
      Agreement (except by operation of law pursuant to a merger or similar business
      combination) unless such transferee or assignee is an Affiliate (that is also
      an
“Accredited
      Investor”)
      that
      agrees in a written instrument in form and substance reasonably satisfactory
      to
      SkyTerra to be bound by this Agreement as fully as if it were an initial
      signatory hereto, and any such transferee may thereafter make corresponding
      assignments in accordance with this proviso but only to other Affiliates of
      the
      initial Holder. For purposes of clarity, any assignee permitted by the preceding
      sentence must remain an Affiliate of the initial Holder until the shares held
      by
      such Affiliate are disposed or until the Holder would be permitted to transfer
      such shares pursuant to the second sentence of Section 5 hereto. In the event
      any Acquired Shares are transferred to one or more Affiliates in a manner
      permitted by this Agreement, the Holder shall notify SkyTerra in writing of
      a
      single Person that shall be the authorized representative to receive notices
      and
      take all actions on behalf of the Holder and/or its permitted Affiliate
      assignees.

     

    SECTION
      7. definitions

     

    “Acquired
      Shares”
has
      the
      meaning ascribed to it in the recitals. For purposes of this Agreement, (i)
      Acquired Shares shall cease to be Acquired Shares when a Resale Registration
      Statement covering such Acquired Shares has been declared effective under the
      Securities Act by the SEC and such Acquired Shares have been disposed of
      pursuant to such Resale Registration Statement, and (ii) the Acquired Shares
      of
      the Holder shall not be deemed to be Acquired Shares at any time after the
      issuance of such shares if, in the opinion of counsel reasonably satisfactory
      to
      the Holder (which such opinion maybe relied on by the Holder), the entire amount
      of such Acquired Shares issued and/or issuable to the Holder may be sold without
      registration and without volume limitations pursuant to Rule 144 (or any
      successor provision then in effect) under the Securities Act or any such
      Acquired Shares have been sold in a sale made pursuant to Rule 144 of the
      Securities Act.

     

    “Affiliate”
means,
      with respect to any specified Person, any other Person that, directly or
      indirectly or through one or more intermediaries, controls, is controlled by
      or
      is under common control with such specified Person.

     

    “Agreement"
      has the
      meaning ascribed to it in the recitals.

     

    “Board”
      has the
      meaning ascribed to it in Section 1.1 hereof.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    “Business
      Day”
      (whether
      such term is capitalized or not) means any day except Saturday, Sunday and
      any
      day which shall be a federal legal holiday or a day on which banking
      institutions in the State of New York are authorized or required by law or
      other
      governmental action to close. 

     

    “Cooperation
      Agreement”
has
      the
      meaning ascribed to it in the recitals.

     

    “Effective
      Date”
has
      the
      meaning ascribed to it in the Cooperation Agreement.

     

    “Effective
      Date Shares"
      has the
      meaning ascribed to it in the recitals.

     

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended, and the rules and regulations
      thereunder, or any successor statute. 

     

    “FINRA”
means
      the Financial Industry Regulatory Authority.

     

    “Holder”
      has the
      meaning ascribed to it in the recitals.

     

    “Person”
means
      any individual, firm, partnership, corporation, trust, joint venture, limited
      liability company, association, joint stock company, unincorporated
      organization, or any other entity or organization, including a governmental
      entity or any department, agency, or political subdivision thereof.

     

    “Phase
      I Anniversary”
      has the
      meaning ascribed to it in Section 1.1 hereof.

     

    “Phase
      I Completion Date”
has
      the
      meaning ascribed to it in the Cooperation Agreement.

     

    “Phase
      I Shares”
has
      the
      meaning ascribed to it in the recitals.

     

    “Registration
      Expenses”
means
      all expenses incident to SkyTerra’s performance of or compliance with this
      Agreement, including without limitation all registration and filing fees, fees
      and expenses of compliance with securities or blue sky laws, fees with respect
      to filings required to be made with the FINRA, printing expenses, messenger
      and
      delivery and mailing expenses, fees and disbursements of custodians, and fees
      and disbursements of counsel for SkyTerra and all independent certified public
      accountants retained by SkyTerra and other Persons retained by SkyTerra.

     

    “Registration
      Request”
      has the
      meaning ascribed to it in Section 1.1 hereof.

     

    “Resale
      Registration Conditions” has
      the
      meaning ascribed to it in Section 1.1 hereof.

     

    “Resale
      Registration Statement” has
      the
      meaning ascribed to it in Section 1.1 hereof.

     

    “SEC”
has
      the
      meaning ascribed to it in the recitals. 

     

    “Second
      Registration Request” has
      the
      meaning ascribed to it in Section 1.1 hereof.

     

    “Second
      Resale Shelf”
      has the
      meaning ascribed to it in Section 1.1 hereof.

     

    “Second
      Anniversary”
      has the
      meaning ascribed to it in Section 1.1 hereof.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    “Securities
      Act”
means
      the Securities Act of 1933, as amended, and the rules and regulations
      thereunder, or any successor statute. 

     

    “SkyTerra”
      has the
      meaning ascribed to it in the recitals.

     

    “Subscription
      Agreement”
has
      the
      meaning ascribed to it in the recitals.

     

    “Suspension
      Notice”
      has the
      meaning ascribed to it in Section 1.3(c) hereof.

     

    “Third
      Registration Request”
      has the
      meaning set forth in Section 1.1 hereof.

     

    “Third
      Resale Shelf”
      has the
      meaning set forth in Section 1.1 hereof.

     

    “Trigger
      Shares”
      has the
      meaning ascribed to it in the recitals.

     

    “Voting
      Common Stock”
      has the
      meaning ascribed to it in the recitals.

     

    SECTION
      8. MISCELLANEOUS.

     

    8.1 Legends
      and Stop Transfer Orders. 

     

    
      	 	
              (a)

            	
              The
                Holder hereby agrees that all certificates representing Acquired
                Shares
                shall have the following legend (or other legend to the same effect):
“The
                shares represented by this certificate are subject to restrictions
                on
                transfer and other restrictions pursuant to the provisions of a
                Registration Rights Agreement, dated December 14, 2007, by and between
                the
                Holder (as defined therein) and SkyTerra Communications, Inc., a
                copy of
                which is on file with the Holder or the office of the corporate secretary
                thereof.”

            

    

     

    
      	 	
              (b)

            	
              The
                Holder hereby agrees to the entry of stop transfer orders with the
                transfer agent and registrar of the Acquired Shares against the transfer
                (other than in compliance with this Agreement) of legended securities
                held
                by the Holder (or its permitted transferees under Section 5.1
                hereof).

            

    

     

    
      	 	
              (c)

            	
              SkyTerra
                agrees to remove any stop transfer orders provided in paragraph (b)
                above
                in sufficient time to permit any party to make any transfer permitted
                by
                the terms of this Agreement.

            

    

     

    8.2 Specific
      Performance. The
      parties hereto acknowledge and agree that in the event of any breach of this
      Agreement, the non-breaching parties would be irreparably harmed and could
      not
      be made whole by monetary damages. It is accordingly agreed that the parties
      hereto shall and do hereby waive the defense in any action for specific
      performance that a remedy at law would be adequate and that the parties hereto,
      in addition to any other remedy to which they may be entitled at law or in
      equity, shall be entitled to compel specific performance of this Agreement
      in
      any action instituted hereunder. 

     

    8.3 Amendments
      and Waivers. The
      failure of any party to enforce any of the provisions of this Agreement shall
      in
      no way be construed as a waiver of such provisions and shall not affect the
      right of such party thereafter to enforce each and every provision of this
      Agreement in accordance with its terms. No modification, amendment, or waiver
      of
      any provision of this Agreement shall be effective against the Holder or
      SkyTerra except by a written agreement signed by each of the Holder and
      SkyTerra. 

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    8.4 Successors
      and Assigns. All
      covenants and agreements in this Agreement by or on behalf of any of the parties
      hereto shall bind and inure to the benefit of the respective successors and
      permitted assigns of the parties hereto whether so expressed or not including,
      without limitation, any Person which is the successor to any of the Holder
      or
      SkyTerra. 

     

    8.5 Severability.
      If
      any
      term, provision, covenant or restriction of this Agreement, or any part thereof,
      is held by a court of competent jurisdiction or any foreign federal, state,
      county, or local government or any other governmental, regulatory, or
      administrative agency or authority to be invalid, void, unenforceable, or
      against public policy for any reason, the remainder of the terms, provisions,
      covenants, and restrictions of this Agreement shall remain in full force and
      effect and shall in no way be affected, impaired, or invalidated. 

     

    8.6 Entire
      Agreement. Except
      as
      otherwise expressly set forth herein, this document embodies the complete
      agreement and understanding among the parties hereto with respect to the subject
      matter hereof and supersedes and preempts any prior understandings, agreements,
      or representations by or among the parties, written or oral, which may have
      related to the subject matter hereof in any way.

     

    8.7 Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original, but all of which shall constitute one and the same
      instrument, and it shall not be necessary in making proof of this Agreement
      to
      produce or account for more than one such counterpart.

     

    8.8 Headings.
      The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning of terms contained herein. 

     

    8.9 GOVERNING
      LAW; WAIVER OF JURY TRIAL.
      THIS
      AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED EXCLUSIVELY BY
      THE
      LAW OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ANY CONFLICTS OR CHOICE
      OF LAW PROVISIONS THAT WOULD CAUSE THE APPLICATION OF THE DOMESTIC SUBSTANTIVE
      LAWS OF ANY OTHER JURISDICTION).

     

    EACH
      OF
      THE PARTIES HERETO IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE
      NEW
      YORK COURTS, INCLUDING THE FEDERAL AND STATE COURTS FOR THE PURPOSE OF ANY
      ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, AND EACH
      PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT TO SUCH ACTION OR
      PROCEEDING MAY BE HEARD AND DETERMINED EXCLUSIVELY IN SUCH COURTS. EACH PARTY
      AGREES THAT A FINAL JUDGMENT IN ANY ACTION OR PROCEEDING SHALL BE CONCLUSIVE
      AND
      MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER
      MANNER PROVIDED BY LAW.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    EACH
      PARTY HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
      RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR OTHER
      PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH
      THIS AGREEMENT.

     

    8.10 Notices.
      Any
      notices, reports or other correspondence (hereinafter collectively referred
      to
      as “correspondence”)
      required or permitted to be given hereunder shall be given in writing and shall
      be deemed given three Business Days after the date sent by certified or
      registered mail (return receipt requested), one Business Day after the date
      sent
      by overnight courier or on the date given by telecopy (with confirmation of
      receipt) or delivered by hand, to the party to whom such correspondence is
      required or permitted to be given hereunder.

     

    To:
      Inmarsat Global Limited

     

    99
      City
      Road

    London
      EC1YAX

    United
      Kingdom

    Facsimile
      No.: 44 20 7728 1650

    Attn:
      General Counsel 

     

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

     

    Latham
      & Watkins LLP

    555
      Eleventh Street, NW, Suite 1000

    Washington,
      DC 20004

    Facsimile:
      (202) 637-1036

    Attn: John
      P.
      Janka, Esq.

     

    To
      SkyTerra Communications, Inc.:

     

    SkyTerra
      Communications, Inc.

    10802
      Parkridge Boulevard

    Reston,
      Virginia 20191

    Facsimile:
      (703) 390-6113

    Attn: General
      Counsel

     

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

     

    Skadden,
      Arps, Slate, Meagher & Flom LLP

    Four
      Times Square

    New
      York,
      New York 10036

    Facsimile:
      (917) 777-2918

    Attn: Gregory
      A. Fernicola, Esq.

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Registration Rights
      Agreement on the day and year first above written. 

     

    
      	 	
              SKYTERRA
                COMMUNICATIONS, INC.

            
	 	 
	 	
              By:
                

            	/s/
              Scott
              Macleod           
              
	 	 	
              Name:
                Scott Macleod

            
	 	 	
              Title:
                Executive Vice President, Chief Financial Officer and
                Treasurer

            

    

     

    
      	 	
              INMARSAT
                GLOBAL LIMITED

            
	 	 
	 	
              By:

            	/s/
              Rupert
              Pearce          
	 	 	
              Name:
                Rupert Pearce

            
	
               

            	 	
              Title:
                Group General Counsel

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    Exhibit
      A

     

    PLAN
      OF DISTRIBUTION

     

    SkyTerra
      is registering the shares of common stock covered by this prospectus for the
      selling stockholder. Pursuant to a registration rights agreement, dated as
      of
      [Closing Date], SkyTerra agreed to register the resale of the common stock
      owned
      by the selling stockholder and to indemnify the selling stockholder against
      certain liabilities related to the selling of the common stock, including
      liabilities arising under the Securities Act. Under the registration rights
      agreement, SkyTerra also agreed to pay the costs and fees of registering the
      shares of common stock; however, the selling stockholder will pay any brokerage
      commissions relating to the sale of the shares of common stock.

     

    Inmarsat
      and any of its permitted transferees or other successors-in-interest may, from
      time to time, sell, transfer or otherwise dispose of any or all of their
shares
      of
      Common Stock or interests in shares of Common Stock
      on
      any stock exchange, market or trading facility on which the shares are traded
      or
      in private transactions.  These dispositions may be at fixed prices, at
      prevailing market prices at the time of sale, at prices related to the
      prevailing market price, at varying prices determined at the time of sale,
      or at
      negotiated prices. Inmarsat may use one or more of the following methods when
      disposing of the shares or interests therein:

     

    
      	
            	•	
              ordinary
                brokerage transactions and transactions in which the broker-dealer
                solicits purchasers;

            

    

     

    
      	
            	•	
              block
                trades in which the broker-dealer will attempt to sell the shares
                as agent
                but may position and resell a portion of the block as principal to
                facilitate the transaction;

            

    

     

    
      	
            	•	
              purchases
                by a broker-dealer as principal and resale by the broker-dealer for
                its
                account;

            

    

     

    
      	
            	•	
              an
                exchange distribution in accordance with the rules of the applicable
                exchange;

            

    

     

    
      	
            	•	
              privately
                negotiated transactions;

            

    

     

    
      	
            	•	
              short
                sales entered into after the effective date of the registration statement
                of which the prospectus is a part;

            

    

     

    
      
        	
              	•	
                through
                  the writing or settlement of options, swaps, derivatives or other
                  hedging
                  transactions, whether through an options exchange or
                  otherwise;

              

      

    

     

    
      	
            	•	
              broker-dealers
                may agree with Inmarsat to sell a specified number of such shares
                at a
                stipulated price per share;

            

    

     

    
      	
            	•	
              in
                the over the counter market;

            

    

     

    
      	
            	•	
              a
                combination of any such methods of disposition;
                and

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	•	
              any
                other method permitted pursuant to applicable
                law.

            

    

     

    Inmarsat
      may also sell shares under Rule 144 under the Securities Act, if available,
      rather than under this prospectus.

     

    Broker-dealers
      engaged by Inmarsat may arrange for other broker-dealers to participate in
      sales.  Broker-dealers may receive commissions or discounts from Inmarsat
      (or, if any broker-dealer acts as agent for the purchaser of shares, from the
      purchaser) in amounts to be negotiated. 

     

    Inmarsat
      may from time to time pledge or grant a security interest in some or all of
      the
      Shares owned by them and, if they default in the performance of their secured
      obligations, the pledgees or secured parties may offer and sell shares of Common
      Stock from time to time under the prospectus, or under an amendment to the
      prospectus under Rule 424(b) or other applicable provision of the Securities
      Act
      of 1933, as amended (the “Securities Act”), amending the list of selling
      stockholders to include the pledgee, transferee or other successors in interest
      as selling stockholders under the prospectus. Inmarsat does not expect these
      commissions and discounts to exceed what is customary in the types of
      transactions involved.

     

    Inmarsat
      also may transfer the shares of common stock in other circumstances, in which
      case the transferees, pledgees or other successors in interest will be the
      selling beneficial owners for purposes of the prospectus.

     

    In
      connection with the sale of the shares of Common Stock or interests in shares
      of
      Common Stock, Inmarsat may enter into hedging transactions with broker-dealers
      or other financial institutions, which may in turn engage in short sales of the
      common stock in the course of hedging the positions they assume. Inmarsat may
      also sell shares of Common Stock short and deliver these securities to close
      out
      their short positions, or loan or pledge the common stock to broker-dealers
      that
      in turn may sell these securities. Inmarsat may also enter into option or other
      transactions with broker-dealers or other financial institutions or the creation
      of one or more derivative securities which require the delivery to such
      broker-dealer or other financial institution of shares offered by the
      prospectus, which shares such broker-dealer or other financial institution
      may
      resell pursuant to the prospectus (as supplemented or amended to reflect such
      transaction).

     

    Inmarsat
      and any broker-dealer or agents that are involved in selling the shares of
      Common Stock may be deemed to be “underwriters” within the meaning of the
      Securities Act in connection with such sales. In such event, any commissions
      received by such broker-dealers or agents and any profit on the resale of Common
      Stock purchased by them may be deemed to be underwriting commissions or
      discounts under the Securities Act. Inmarsat has informed SkyTerra that it
      does
      not have any written or oral agreement or understanding, directly or indirectly,
      with any person to distribute the Common Stock.

     

    Once
      sold
      under the registration statement, of which this prospectus forms a part, the
      shares of Common Stock will be freely tradable in the hands of persons other
      than our affiliates.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    The
      selling shareholder may offer its shares of common stock in one or more
      offerings pursuant to one or more prospectus supplements, if required by
      applicable law, and any such prospectus supplement will set forth the terms
      of
      the relevant offering to the extent required. 

     

    The
      selling stockholder will act independently of SkyTerra in making decisions
      with
      respect to the timing, manner and size of each sale. The selling stockholder
      may
      sell the common stock on the NASDAQ Global Select Market, the NASDAQ Global
      Market, the NASDAQ Capital Market or otherwise, at market prices prevailing
      at
      the time of sale, at prices related to the prevailing market prices, or at
      negotiated prices.

     

    The
      selling stockholder may negotiate and pay broker-dealers' commissions, discounts
      or concessions for their services. Broker-dealers engaged by the selling
      stockholder may allow other broker-dealers to participate in resales. The
      selling stockholder and any broker-dealers involved in the sale or resale of
      the
      common stock may qualify as "underwriters" within the meaning of Section
      2(a)(11) of the Securities Act. In addition, the broker-dealers' commissions,
      discounts or concessions may qualify as underwriters' compensation under the
      Securities Act. If the selling stockholder qualifies as an "underwriter," it
      will be subject to the prospectus delivery requirements of Section 5(b)(2)
      of
      the Securities Act.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Exhibit
      B

     

    SkyTerra
      Communications, Inc.

     

    Selling
      Securityholder Questionnaire

     

    The
      undersigned beneficial owner of shares of Common Stock (the “Registrable
      Securities”)
      of
      SkyTerra Communications, Inc. (the “Company”)
      understands that SkyTerra intends to file with the Securities and Exchange
      Commission (“SEC”)
      a
      registration statement (the “Registration
      Statement”)
      for
      the registration and resale under the Securities Act of 1933, as amended (the
      “Securities
      Act”),
      of
      the Registrable Securities. This Questionnaire is delivered pursuant to the
      terms of the Registration Rights Agreement, dated as of December 14, 2007 (the
      “Registration
      Rights Agreement”),
      among
      the Company and Inmarsat Global Limited (“Inmarsat”).
      A
      copy of the Registration Rights Agreement is available from SkyTerra upon
      request at the address set forth below. All capitalized terms not otherwise
      defined herein shall have the meanings ascribed thereto in the Registration
      Rights Agreement.

     

    Certain
      legal consequences arise from being named as a selling securityholder in the
      Registration Statement and the related prospectus. Accordingly, holders and
      beneficial owners of Registrable Securities are advised to consult their own
      securities law counsel regarding the consequences of being named or not being
      named as a selling securityholder in the Registration Statement and the related
      prospectus.

     

    The
      undersigned hereby provides the following information to SkyTerra and represents
      and warrants that such information is accurate:

     

    
      	1.	
              Name.

            

    

     

    
      	 	
              (a)

            	
              Full
                Legal Name of Selling
                Securityholder

            

    

     

    
      
        

      

    

     

    
      	 	
              (b)

            	
              Full
                Legal Name of Registered Holder (if not the same as (a) above) through
                which Registrable Securities Listed in Item 3 below are
                held:

            

    

     

    
      
 

    
      	 	
              (c)

            	
              Full
                Legal Name of Natural Control Person (which means a natural person
                who
                directly or indirectly alone or with others has power to vote or
                dispose
                of the securities covered by the
                questionnaire):

            

    

     

    
      
 

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	2.	
              Address
                for Notices to Selling
                Securityholder:

            

    

    
    

     

    
      	 
	 
	 

    

     

    
      	
              Telephone: 

            	      
	
              Fax: 

            	            
              
	
              Contact
                Person: 

            	              
              

    

     

    
      	3.	
              Beneficial
                Ownership of Registrable
                Securities:

            

    

     

    
      	 	
              (a)

            	
              Type
                and Amount of Registrable Securities beneficially
                owned:

            

    

     

    
      

      

    

    
      
 

    
      	4.	
              Election
                to include Registrable Securities in Prospectus
                

            

    

     

    If
      less
      than all, please indicate the number of shares listed in Item (3) above that
      you
      elect to include in the Prospectus: __________________

     

    
      	5.	
              Broker-Dealer
                Status:

            

    

     

    
      	 	
              (a)

            	
              Are
                you a broker-dealer?

            

    

     

    Yes
o  No
o 

     

    
      	 	
              Note:

            	
              If
                yes, the SEC’s staff has indicated that you should be identified as an
                underwriter in the Registration
                Statement.

            

    

     

    
      	 	
              (b)

            	
              Are
                you an affiliate of a
                broker-dealer?

            

    

     

    Yes
o  No
o 

     

    
      	 	
              (c)

            	
              If
                you are an affiliate of a broker-dealer, do you certify that you
                bought
                the Registrable Securities in the ordinary course of business, and
                at the
                time of the purchase of the Registrable Securities to be resold,
                you had
                no agreements or understandings, directly or indirectly, with any
                person
                to distribute the Registrable
                Securities?

            

    

     

    Yes
o  No
o 

     

    Note:
      If
      no, the SEC’s staff has indicated that you should be identified as an
      underwriter in the Registration Statement.

     

    
      	 	
              (d)
                

            	
              If
                your answer to question 5(b) is Yes and your answer to question 5(c)
                is
                No, please provide the following
                information:

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    A.
      Please
      describe the affiliation between the Selling Securityholder and any registered
       broker-dealers:

     

    
      

      

      

    

    
       

    

    B.
      If the
      Registrable Securities were purchased by the Selling Securityholder other than
      in the ordinary course of business, please describe the
      circumstances:

     

    
      

      

      

    

    
      
         

      

    

    C.
      If the
      Selling Securityholder, at the time of its purchase of the Registrable
      Securites, had any agreements or understandings, directly or indirectly, with
      any person to distribute the Registrable Securities, please describe such
      agreements or understandings:

     

    
      

    

    
      
 

    
      	6.	
              Beneficial
                Ownership of Other Securities of SkyTerra Owned by the Selling
                Securityholder.

            

    

     

    Except
      as set forth below in this Item 6, the undersigned is not the beneficial or
      registered owner of any securities of SkyTerra other than the Registrable
      Securities listed above in Item 3.

     

    
      	 	
              (a)

            	
              Type
                and Amount of Other Securities beneficially owned by the Selling
                Securityholder:

            

    

     

    
      

      

    

     

    
      	7.	
              Relationships
                with SkyTerra:

            

    

     

    Except
      as set forth below, neither the undersigned nor any of its affiliates, officers,
      directors or principal equity holders (owners of 5% of more of the equity
      securities of the undersigned) has held any position or office or has had any
      other material relationship with SkyTerra (or its predecessors or affiliates)
      during the past three years.

     

    State
      any
      exceptions here:

     

      

      

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	8.	
              Beneficial
                Ownership:

            

    

     

    (a) Please
      state the name of the person or entity who has voting or investment power over
      the Registrable Securities held by the Selling Securityholder. Please describe
      who has or shares: (i) voting power, which includes the power to vote, or to
      direct the voting of, such security; and/or, (ii) investment power, which
      includes the power to dispose, or to direct the disposition of, the Registrable
      Securities held by the Selling Securityholder directly or indirectly, through
      any contract, arrangement, understanding, relationship.

     

    
      

      

      

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (b) Nature
      of
      Beneficial Ownership.

     

    If
      the
      name of the beneficial owner of the Registrable Securities set forth in your
      response to Item 8(a) above is that of a limited partnership, state the names
      of
      the general partners of such limited partnership:

     

      
        

      

    

    
      
 

    (c) With
      respect to each general partner listed in Item 8(b) above who is not a natural
      person, and is not publicly-held, name each shareholder (or holder of
      partnership interests, if applicable) of such general partner. If any of these
      named shareholders are not natural persons or publicly-held entities, please
      provide the same information. This process should be repeated until you reach
      natural persons or a publicly-held entity.

    
      

      

    

     

    (d) Name
      of
      your controlling shareholder(s) (the "Controlling Entity"). If the Controlling
      Entity is not a natural person and is not a publicly-held entity, name each
      shareholder of such Controlling Entity. If any of these named shareholders
      are
      not natural persons or publicly-held entities, please provide the same
      information. This process should be repeated until you reach natural persons
      or
      a publicly-held entity.

     

    
      
        	
              	(e)	
                (i)   
                  Full legal name of Controlling Entity(ies) or natural person(s)
                  who have
                  sole or shared voting or dispositive power over the Registrable
                  Securities:

              

      

    

     

    
      	
            	(ii)	
              Business
                address (including street address) (or residence if no business address),
                telephone number and facsimile number of such
                person(s):

            

    

     

    
      

    

    
      

    

     

    
      	 Address:
	                
              
	 	 
	Telephone
              No.:  	             
              
	 Fax
              No.: 	                           
              

    

     

    (iii) 
      Name of shareholders:

     

    
      

      

    

     

    (f)   
      (i)   
      Full legal name of Controlling Entity(ies):

    
      

      

    

     

    (ii)  
      Business address (including street address) (or residence if no business
      address), telephone number and facsimile number of such person(s):

     

    
      	Address:
              	                
              
	 	 
	                                  
                  
	 Fax
              No.: 	                           
              

    

     

    
      (iii)
        name of shareholders:

      
        

        

      

       

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    The
      undersigned agrees to promptly notify SkyTerra of any inaccuracies or changes
      in
      the information provided herein that may occur subsequent to the date hereof
      at
      any time while the Registration Statement remains effective.

     

    By
      signing below, the undersigned consents to the disclosure of the information
      contained herein in its answers to Items 1 through 8 and the inclusion of such
      information in the Registration Statement and the related prospectus. The
      undersigned understands that such information will be relied upon by SkyTerra
      in
      connection with the preparation or amendment of the Registration Statement
      and
      the related prospectus.

     

    IN
      WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice
      and Questionnaire to be executed and delivered either in person or by its duly
      authorized agent.

     

    
      	
              Dated:
                

            	              
              	 	
              Beneficial
                Owner: 

            
	 	 	 	 	 
	 	 	 	
              By:

            	                      
              
	 	 	 	 	
              Name:

            
	 	 	 	 	
              Title:

            

    

     

    
      
        
        

      

      
        9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}]]