Document:

EX-10.7

 Exhibit 10.7 
  

			
		  	RESTRICTED STOCK AGREEMENT (this “Agreement”) dated as of April 28, 2014, between AP GAMING HOLDCO, INC., a Delaware corporation (the “Company”), and the Grantee set forth on the
signature page to this Agreement (the “Grantee”).

 WHEREAS, the Company, acting through the Company’s Board of Directors has agreed to grant to the
Grantee, effective on the date hereof (the “Grant Date”), Restricted Shares (as defined below) under the AP Gaming Holdco, Inc. 2014 Long-Term Incentive Plan (the “Plan”) on the terms and subject to the conditions
set forth in this Agreement and the Plan; and 
 WHEREAS, as of the date hereof the Grantee is purchasing Shares from the Company
pursuant to the Subscription Agreement and has entered into an adoption agreement, dated as of April 28, 2014, pursuant to which the Grantee became a party to the Securityholders Agreement; and 

WHEREAS, future securities in the Company (including those being acquired pursuant to this Agreement) owned by the Grantee shall be
subject to the terms of the Securityholders Agreement. 
 NOW, THEREFORE, in consideration of the promises and of the mutual
agreements contained in this Agreement, the parties hereto hereby agree as follows: 
 Section 1. The Plan. The terms and
provisions of the Plan are hereby incorporated into this Agreement as if set forth herein in their entirety. In the event of a conflict between any provision of this Agreement and the Plan, the provisions of the Plan shall control. A copy of the
Plan may be obtained from the Company by the Grantee upon request. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Plan. 

Section 2. Grant. Subject to the terms of this Agreement, the Company hereby grants to the Grantee an Award of Restricted Stock
with respect to an aggregate of 50,000 restricted shares of Common Stock of the Company (subject to adjustment as provided in Article X of the Plan) (the “Restricted Shares”). 

Section 3. Vesting. The Restricted Shares shall vest, and the restrictions imposed on the Restricted Shares pursuant to this
Section 3 shall lapse, in five equal installments on each of the first five anniversaries of the Grant Date; provided that, in each case, the Grantee has not incurred a Termination of Service prior to the applicable vesting date.
Notwithstanding the foregoing, in the event that the Grantee incurs a Termination of Service due to a termination by the Company without Cause or by the Grantee for Good Reason, any Restricted Shares that would have vested had the Grantee remained
employed through the first anniversary of such Termination of Service shall accelerate and vest upon such Termination of Service. Any Restricted Shares that are not vested as of the date of the Grantee’s Termination of Service, and that do not
vest upon such Termination of Service pursuant to the immediately preceding sentence, shall be immediately forfeited upon such Termination of Service. Prior to the vesting of a Restricted 

 
Share, such Restricted Share shall not be transferable by the Grantee by means of sale, assignment, exchange, encumbrance, hypothecation, pledge or otherwise. After vesting of a Restricted Share,
such Restricted Share shall have the same attributes, terms and conditions as other Shares, as set forth in the Securityholders Agreement, and shall be subject to repurchase as set forth in the Securityholders Agreement. 

Section 4. Grantee’s Service. Nothing in this Agreement shall confer upon the Grantee any right to continue as an employee
of, or other service provider to, the Company or any of its Subsidiaries or Affiliates or interfere in any way with the right of the Company, its Subsidiaries or its Affiliates, as the case may be, in their respective sole discretion, to terminate
the Grantee’s employment or service relationship or to increase or decrease the Grantee’s compensation at any time. 

Section 5. Securities Law Representations. The Grantee acknowledges that the Restricted Shares are not being registered under the
Securities Act based, in part, in (i) reliance upon an exemption from registration under Securities and Exchange Commission Rule 701 promulgated under the Securities Act or (ii) the fact that the Grantee is an “accredited
investor” (as defined under the Securities Act and the rules and regulations promulgated thereunder), and, in each of clauses (i) and (ii) above, a comparable exemption from qualification under applicable state securities laws, as
each may be amended from time to time. The Grantee, by executing this Agreement, hereby makes the following representations to the Company and acknowledges that the Company’s reliance on federal and state securities law exemptions from
registration and qualification is predicated, in substantial part, upon the accuracy of these representations: 
  

	 	•	 	The Grantee is acquiring the Restricted Shares solely for the Grantee’s own account, for investment purposes only, and not with a view or an intent to sell, or to offer for resale in connection with any
unregistered distribution, all or any portion of the shares within the meaning of the Securities Act and/or any applicable state securities laws. 

  

	 	•	 	The Grantee is an “accredited investor”, as that term is defined in Rule 501(a)(4) (5) or (6) of Regulation D promulgated under the Securities Act. 

 

	 	•	 	The Grantee has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the Restricted Shares. The Grantee has been furnished with, and/or has access to, such
information as the Grantee considers necessary or appropriate for deciding whether to purchase the Restricted Shares. However, in evaluating the merits and risks of an investment in the Restricted Shares, the Grantee has and will rely only upon the
advice of the Grantee’s own legal counsel, tax advisors, and/or investment advisors. 

  

	 	•	 	The Grantee is aware that any value the Restricted Shares may have depends on their vesting and certain other factors, and that any investment in common shares of a closely held corporation such as the Company is
non-marketable, non-transferable and could require capital to be invested for an indefinite period of time, possibly without return, and at substantial risk of loss. 

  
 -2- 

	 	•	 	The Grantee understands that the Restricted Shares will be characterized as “restricted securities” under the federal securities laws, and that, under such laws and applicable regulations, such securities may
be resold without registration under the Securities Act only in certain limited circumstances, including in accordance with the conditions of Rule 144 promulgated under the Securities Act, as presently in effect. The Grantee acknowledges receiving a
copy of Rule 144 promulgated under the Securities Act, as presently in effect, and represents that the Grantee is familiar with such rule, and understands the resale limitations imposed thereby and by the Securities Act and the applicable state
securities law. 

  

	 	•	 	The Grantee has read and understands the restrictions, limitations and the Company’s rights set forth in the Securityholders Agreement, the Plan and this Agreement that will be imposed on the Restricted Shares
(including those restrictions and limitations which will continue after the Shares have vested). The Grantee acknowledges that to the extent the Grantee is not a party to the Securityholders Agreement at the time that the Grantee purchases the
Restricted Shares, such purchase shall be treated for all purposes as effecting the Grantee’s simultaneous execution of the Securityholders Agreement and the Grantee shall be bound thereby. 

 

	 	•	 	The Grantee has not relied upon any oral representation made to the Grantee relating to the Restricted Shares or upon information presented in any promotional meeting or material relating to the Restricted Shares.

  

	 	•	 	The Grantee understands and acknowledges that (a) any certificate evidencing the Restricted Shares (or evidencing any other securities issued with respect thereto pursuant to any stock split, stock dividend, merger
or other form of reorganization or recapitalization) when issued shall bear any legends which may be required by applicable federal and state securities laws or the Securityholders Agreement or the Plan, and (b) except as otherwise provided
under the Securityholders Agreement, the Company has no obligation to register the Shares or file any registration statement under federal or state securities laws. The Committee reserves the right to account for Shares through book entry or other
electronic means rather than the issuance of stock certificates. 

 Section 6. Designation of Beneficiary. The
Grantee may appoint any individual or legal entity in writing as his beneficiary to receive any Shares (to the extent not previously terminated or forfeited) under this Agreement upon the Grantee’s death or becoming subject to a Disability. The
Grantee may revoke his designation of a beneficiary at any time and appoint a new beneficiary in writing. To be effective, the Grantee must complete the designation of a beneficiary or revocation of a beneficiary by written notice to the Company
under Section 7 of this Agreement before the date of the Grantee’s death. In the absence of a beneficiary designation, the legal representative of the Grantee’s estate shall be deemed the Grantee’s beneficiary. 

  
 -3- 

 Section 7. Notices. All notices, claims, certifications, requests, demands and other
communications hereunder shall be in writing and shall be deemed to have been duly given and delivered if personally delivered or if sent by nationally-recognized overnight courier, by telecopy, or by registered or certified mail, return receipt
requested and postage prepaid, addressed as follows: 
 If to the Company, to: 

AP Gaming Holdco, Inc. 
 6680
Amelia Earhart Court 
 Las Vegas, NV 89119 

Facsimile: (702) 722-6705 

Attention: Vic Gallo 
 with a
copy (which shall not constitute notice) to: 
 Apollo Management, L.P. 

9 West 57th Street 
 43rd Floor

 New York, New York 10019 

Facsimile: (646) 350-1501 

Attention: David Sambur 
 If to
the Grantee, at the last address in the records of the Company; or, in all cases, to such other address as the party to whom notice is to be given may have furnished to the other party in writing in accordance herewith. 

Any of the foregoing notice or other communication shall be deemed to have been received (a) in the case of personal delivery, on the date of such
delivery (or if such date is not a business day, on the next business day after the date of delivery), (b) in the case of nationally-recognized overnight courier, on the next business day after the date sent, (c) in the case of telecopy
transmission, when received (or if not sent on a business day, on the next business day after the date sent), and (d) in the case of mailing, on the third business day following that on which the piece of mail containing such communication is
posted. 
 Section 8. Waiver of Breach. The waiver by either party of a breach of any provision of this Agreement must be in
writing and shall not operate or be construed as a waiver of any other or subsequent breach. 
 Section 9. Grantee’s
Undertaking. The Grantee hereby agrees to take whatever additional actions and execute whatever additional documents the Company may in its reasonable judgment deem necessary or advisable in order to carry out or effect one or more of the
obligations or restrictions imposed on the Grantee pursuant to the express provisions of this Agreement and the Plan. 
 Section 10.
Modification of Rights. The rights of the Grantee are subject to modification and termination in certain events as provided in this Agreement and the Plan (with respect to the Restricted Shares granted hereby). Notwithstanding the foregoing,
the Grantee’s rights under this Agreement and the Plan may not be materially impaired without the Grantee’s prior written consent. 

  
 -4- 

 Section 11. Governing Law. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE
STATE OF DELAWARE TO BE APPLIED. IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAW OF THE STATE OF DELAWARE WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR CONFLICT OF LAW
ANALYSIS, THE SUBSTANTIVE LAW OF ANOTHER JURISDICTION WOULD ORDINARILY APPLY. 
 Section 12. Restrictive Covenants. The
purchase, grant and vesting of the Restricted Shares pursuant to this Agreement shall be subject to the Grantee’s continued compliance with the restrictive covenants in Section 9 of the Securityholders Agreement and the restrictive
covenants set forth in any individual agreement between the Grantee and the Company (or one of its Affiliates). 
 Section 13.
Counterparts. This Agreement may be executed in one or more counterparts, and each such counterpart shall be deemed to be an original, but all such counterparts together shall constitute but one agreement. 

Section 14. Entire Agreement. This Agreement, the Plan, the Securityholders Agreement and the other writings specifically referred
to herein constitute the entire agreement between the parties with respect to the subject matter hereof and thereof and supersede all prior written or oral negotiations, commitments, representations and agreements with respect thereto. 

Section 15. Severability. It is the desire and intent of the parties hereto that the provisions of this Agreement be enforced to
the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular provision of this Agreement shall be adjudicated by a court of competent jurisdiction to be
invalid, prohibited or unenforceable for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any
other jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without
invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. 

Section 16. Waiver of Jury Trial. Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, trial by jury in any suit, action or proceeding arising hereunder. 
 Section 17. Dividend and Voting
Rights. After the Grant Date, the Grantee shall be entitled to cash dividends that are payable on the same number of Shares as the Restricted Shares, except that such dividends shall vest only and be payable as and when the underlying Restricted
Shares become vested. In addition, the Grantee shall have voting rights with respect to the Restricted Shares subject to the Award, provided that such rights shall terminate immediately as to any Restricted Shares that are repurchased by the Company
or that are otherwise forfeited. 

  
 -5- 

 Section 18. Tax Withholding. The Company shall reasonably determine the amount of any
federal, state, local or other income, employment, or other taxes which the Company or any of its subsidiaries may reasonably be obligated to withhold with respect to the grant, vesting, making of an election under Section 83(b) of the Code or
other event with respect to the Restricted Shares. The Company’s obligation to deliver the Restricted Shares or any certificates evidencing the Restricted Shares (or to make a book entry or other electronic notation indicating ownership of the
Restricted Shares), or otherwise remove the restrictive notations or legends on such shares or certificates that refer to nontransferability as set forth in Section 3 of this Agreement, is subject to the condition precedent that the Grantee
either pay or provide for the amount of any such withholding obligations in such manner as may be authorized by the Committee under, or as may otherwise be permitted under, Article XV of the Plan. 

Section 19. Stock Power; Power of Attorney. Concurrent with the execution and delivery of this Agreement, the Grantee shall
deliver to the Company an executed stock power in the form attached hereto as Exhibit A, in blank, with respect to the Restricted Shares and any related Restricted Property. The Grantee, by acceptance of the Award, shall be deemed to appoint,
and does so appoint by execution of this Agreement, the Company and each of its authorized representatives as the Grantee’s attorney(s)-in-fact to (1) effect any transfer to the Company (or other purchaser, as the case may be) of the
Restricted Shares acquired pursuant to this Agreement (including any related Restricted Property) that are repurchased by the Company (or other permitted purchaser), and (2) execute such documents as the Company or such representatives deem
necessary or advisable in connection with any such transfer. 
 [Signature Page Follows]  

  
 -6- 

 IN WITNESS WHEREOF, the parties hereto have executed this Restricted Stock Agreement as of
the date first written above. 
  

					
	AP GAMING HOLDCO, INC.
		
	By:	 	

		 	Name:	 	David Sambur
		 	Title:	 	Chief Executive Officer, President, Treasurer and Secretary
	
	DAVID LOPEZEX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 STOCK
PURCHASE AGREEMENT 
 This Stock Purchase Agreement (this “Agreement”) is made as of the 2nd day of May, 2014, by and among each of the entities listed in Schedule 1 (each, a “Purchaser,” and collectively, the “Purchasers”), and Iridium Communications Inc.
(the “Issuer”). 
 WHEREAS, the Issuer wishes to sell and deliver to the Purchasers, and the Purchasers wish to purchase,
severally and not jointly, from the Issuer, 7,692,308 shares (the “Shares”) of common stock, par value $0.001 per share of the Issuer (the “Common Stock”) at the price and on the terms and subject to the conditions
set forth in this Agreement (the “Offering”); and 
 WHEREAS, the Issuer has an effective shelf registration statement on
Form S-3 (File No. 333-194869) pursuant to which the Offering is being made and any Price Protection Shares (as defined below) would be issued (the “Registration Statement”). 

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein set forth, and for good and valuable consideration, the
Purchasers, severally and not jointly, and the Issuer agree as follows: 
 1. Purchase and Sale. 

(a) Upon the terms and subject to the conditions of this Agreement, the Issuer agrees to sell to the Purchasers, and the
Purchasers, severally and not jointly, agree to purchase from the Issuer, the Shares at the Closing in such amounts as are set forth opposite each Purchaser’s name in Schedule 1. The purchase price is $6.50 per Share (the
“Purchase Price”). 
 2. Closing. 

(a) The closing (the “Closing”) of the purchase and sale of the Shares hereunder shall take place on
May 5, 2014, at the offices of Davis Polk & Wardwell LLP, 450 Lexington Avenue, New York, New York, 10017, or at such other time or place as the parties shall mutually agree (the actual day of the Closing, the “Settlement
Date”), subject to Section 6 below. 
 (b) At the Closing: 

(i) The Issuer, subject to Section 3 below, shall deliver to each Purchaser the number of Shares set forth opposite such
Purchaser’s name in Schedule 1 in electronic form via book entry transfer to the accounts maintained by such Purchaser’s custodian at The Depository Trust Company (“DTC”), with such accompanying documentation as may
be required by American Stock Transfer & Trust Company, LLC, as transfer agent, to effect the transfer of such Shares. 

  
 1 

 (ii) Each Purchaser, severally and not jointly, shall deliver to the Issuer the
aggregate Purchase Price set forth opposite such Purchaser’s name in Schedule 1 by wire transfer to the account designated by the Issuer. 

3. Adjustment of Number Shares to be Delivered by the Issuer 

(a) If, during the period commencing on the date hereof and ending 90 days after the date hereof (the “Protection
Period”), the Issuer shall issue or sell either (i) Convertible Securities with an Exercise Price lower than $7.9625, or (ii) Common Stock at an Issue Price lower than $6.50, in either case other than options or other securities
issued under the Issuer’s 2009 Stock Incentive Plan or 2012 Equity Incentive Plan, then the Issuer shall deliver, within ten (10) days of the end of the Protection Period, Protection Shares to each Purchaser in the same proportion as the
number of Shares set forth opposite such Purchaser’s name in Schedule 1 bears to the Shares. 
 (b) “Convertible
Securities” means any option, right, warrant or other security convertible into or exchangeable or exercisable for shares of Common Stock. “Exercise Price” means the consideration payable in cash and/or convertible
securities surrendered for conversion to the Issuer upon the conversion, exchange or exercise of a Convertible Security for the issuance of an underlying share of Common Stock. “Issue Price” means the gross proceeds received by the
Issuer for the issuance of a share of Common Stock. “Protection Shares” means such number of shares of Common Stock equal to the amount resulting from the following equation: 

X = (A ÷ B) – C 

where: 
  

	 	X =	the number of Protection Shares issuable under this Section 3; 

  

	 	A =	50,000,002; 

  

	 	B =	the lower of (x) the quotient of dividing the lowest Exercise Price during the Protection Period (provided that it is below $7.9625) by 1.225 and (y) the lowest Issue Price during the Protection Period
(provided that it is below $6.50); and 

  

	 	C =	the number of Shares; 

 provided, however, that the number of Protection Shares
to be delivered: (x) collectively to the Purchasers shall not, when aggregated with the number of Shares, be greater than 9.99% of all issued and outstanding shares of Common Stock at the time of delivery of the Protection Shares, and
(y) shall not, in the aggregate, exceed the limit at which the approval of the Issuer’s shareholders would be required under NASDAQ Listing Rule 5635(d). 

  
 2 

 (c) If the calculation of the number of Protection Shares pursuant to this
Section 3 does not result in a whole number, no fractional shares of Common Stock shall be issued and the number of Protection Shares shall be rounded down to the nearest whole number. 

(d) Each Purchaser’s right to receive Protection Shares pursuant to this Section 3 shall be non-transferable. 

4. Purchaser Representations. Each Purchaser, severally and not jointly, acknowledges, represents and warrants to the Issuer on the
date hereof and on the Settlement Date that: 
 (a) Such Purchaser acknowledges receipt of a prospectus, which forms a part
of the Registration Statement, relating to the Offering (the “Prospectus”). 
 (b) Such Purchaser is an
entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. Such Purchaser has full and adequate right, power, capacity and authority to enter into, execute, deliver and perform this Agreement.

 (c) This Agreement has been duly authorized by such Purchaser, has been duly executed and delivered by such Purchaser and
constitutes the legal, valid and binding obligation of such Purchaser, enforceable against such Purchaser in accordance with its terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency, reorganization or other
laws affecting enforcement of creditors’ rights or by general equitable principles. 
 (d) The purchase of the Shares by
such Purchaser hereunder will not conflict with, result in a breach or violation of, or constitute a default under, any law applicable to such Purchaser or the charter documents of such Purchaser or the terms of any indenture or other agreement or
instrument to which such Purchaser is a party or bound, or any judgment, order or decree applicable to such Purchaser of any court, regulatory body, administrative agency, governmental body or arbitrator having jurisdiction over such Purchaser;
provided that no warranty is made with respect to the antifraud provisions of federal and state securities laws. 
 (e) No
consent, approval, authorization or order of any court or governmental agency or body is required for the consummation by such Purchaser of its purchase of the Shares hereunder. 

(f) Such Purchaser is purchasing the Shares in the ordinary course of its business and has no arrangement with any person,
directly or indirectly, to participate in the distribution of the Shares. Such Purchaser is not required to be registered as a broker-dealer under Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise. 

  
 3 

 5. Issuer Representations. The Issuer acknowledges, represents and warrants to the
Purchasers on the date hereof and on the Settlement Date that: 
 (a)(i) Each document, if any, filed or to be filed on or
prior to the Settlement Date pursuant to the Exchange Act and incorporated by reference in the Prospectus complied or will comply when so filed in all material respects with the Exchange Act and the applicable rules and regulations of the Securities
and Exchange Commission (the “Commission”) thereunder, (ii) the Registration Statement, when it became effective, did not contain and, as amended or supplemented on or prior to the Settlement Date, if applicable, will not
contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading, (iii) the Registration Statement and the Prospectus comply and, as
amended or supplemented on or prior to the Settlement Date, if applicable, will comply in all material respects with the Securities Act of 1933, as amended (the “Securities Act”) and the applicable rules and regulations of the
Commission thereunder, and (iv)the Prospectus does not contain and, as amended or supplemented on or prior to the Settlement Date, if applicable, will not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements therein, in the light of the circumstances under which they were made, not misleading. 
 (b) The Issuer
is not an “ineligible issuer” in connection with the offering of the Shares pursuant to Rules 164, 405 and 433 under the Securities Act. Any free writing prospectus that the Issuer is required to file in connection with the offering of the
Shares pursuant to Rule 433(d) under the Securities Act has been, or will be, filed with the Commission in accordance with the requirements of the Securities Act and the applicable rules and regulations of the Commission thereunder. Each free
writing prospectus that the Issuer has filed in connection with the offering of the Shares, or is required to file, pursuant to Rule 433(d) under the Securities Act or that was prepared by or on behalf of or used or referred to by the Issuer
complies or will comply in all material respects with the requirements of the Securities Act and the applicable rules and regulations of the Commission thereunder. 

(c) The Issuer has been duly incorporated, is validly existing as a corporation in good standing under the laws of the
jurisdiction of its incorporation, has the corporate power and authority to own its property and to conduct its business as described in the Prospectus and is duly qualified to transact business and is in good standing in each jurisdiction in which
the conduct of its business or its ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified or be in good standing would not have a material adverse effect on the Issuer and its
subsidiaries, taken as a whole. 
 (d) This Agreement has been duly authorized by the Issuer, has been duly executed and
delivered by the Issuer and constitutes the legal, valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, except to the extent that enforcement thereof may be limited by bankruptcy, insolvency,
reorganization or other laws affecting enforcement of creditors’ rights or by general equitable principles. 
 (e) The
shares of Common Stock outstanding prior to the issuance of the Shares have been duly authorized and are validly issued, fully paid and non-assessable. The authorized capital stock of the Issuer conforms as to
legal matters to the description thereof contained in the Prospectus. 

  
 4 

 (f) The Shares have been duly authorized and, when issued and delivered in
accordance with the terms of this Agreement, will be validly issued, fully paid and non-assessable, and the issuance of such Shares will not be subject to any preemptive or similar rights. 

(g) The execution and delivery by the Issuer of, and the performance by the Issuer of its obligations under, this Agreement
will not contravene any provision of applicable law or the certificate of incorporation or by-laws of the Issuer or any agreement or other instrument binding upon the Issuer or any of its subsidiaries that is
material to the Issuer and its subsidiaries, taken as a whole, or any judgment, order or decree of any governmental body, agency or court having jurisdiction over the Issuer or any subsidiary, and no consent, approval, authorization or order of, or
qualification with, any governmental body or agency is required for the performance by the Issuer of its obligations under this Agreement, except such as may be required by the securities or Blue Sky laws of the various states in connection with the
offer and sale of the Shares. 
 (h) There has not occurred any material adverse change, or any development involving a
prospective material adverse change, in the condition, financial or otherwise, or in the earnings, business or operations of the Issuer and its subsidiaries, taken as a whole, from that set forth in the Prospectus. 

(i) Except for the express representations and warranties contained in this Agreement, none of the Purchasers nor any of their
respective affiliates, attorneys, accountants and financial and other advisors has made any representations or warranties to the Issuer. 

6. Conditions Precedent to Obligations of the Issuer and Purchasers. 

(a) The obligations of the Purchasers are subject to the satisfaction of the conditions precedent that (i) the
representations and warranties of the Issuer contained herein shall be true and correct as of the date hereof and the Settlement Date (including as if made both on the date hereof and on the Settlement Date); and (ii) the Issuer shall have
complied with all of its covenants and agreements contained in this Agreement to be performed on or prior to the Settlement Date. 

(b) The obligations of the Issuer are subject to the satisfaction of the conditions precedent that (i) the representations
and warranties of the Purchasers contained herein shall be true and correct as of the date hereof and the Settlement Date (including as if made both on the date hereof and on the Settlement Date); and (ii) the Purchasers shall have complied
with all of their covenants and agreements contained in this Agreement to be performed on or prior to the Settlement Date. 

  
 5 

 7. Miscellaneous. 

(a) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter of this
Agreement and supersedes any and all prior agreements related to the subject matter hereof. This Agreement is executed without reliance upon any promise, warranty or representation by any party or any representative of any party other than those
expressly contained herein. The respective agreements, representations, warranties and other statements of the Purchasers and the Issuer, as set forth in this Agreement, shall remain in full force and effect, regardless of any investigation (or any
statement as to the results thereof) made by or on behalf of the Purchasers or the Issuer or any of their respective officers, directors or affiliates, and shall survive delivery of and payment for the Shares. This Agreement may not be assigned by
the Issuer without the written consent of the Purchasers or by any Purchaser without the written consent of the Issuer and any such assignment without their written consent shall be void. 

(b) This Agreement may be amended only by written agreement between the parties hereto. 

(c) Each party agrees to execute any additional documents and to take any further action as may be necessary or desirable in
order to implement the transactions contemplated by this Agreement. 
 (d) This Agreement shall be governed by and construed
under the domestic, substantive laws of the State of New York (without giving effect to any conflict of law or other aspect of New York law that might result in the application of any law other than that of the State of New York). 

(e) This Agreement may be executed in one or more counterparts, each of which constitutes an original and is admissible in
evidence, and all of which constitute one and the same agreement. 
 (f) Each party shall bear its own expenses incurred in
connection with this Agreement and the consummation of the transactions contemplated hereby. 
 [Remainder of Page Intentionally Left
Blank] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
set forth above. 
  

					
		 	Purchasers:
			
		 		 	Baron Growth Fund
			
		 		 	By: /s/ Patrick M. Patalino
		 		 	Name: Patrick M. Patalino
		 		 	Title: General Counsel, BAMCO, Inc., Investment Adviser to Baron Growth Fund
			
		 		 	VY Baron Growth Portfolio
			
		 		 	By: /s/ Patrick M. Patalino
		 		 	Name: Patrick M. Patalino
		 		 	Title: General Counsel, BAMCO, Inc., Investment Adviser to VY Baron Growth Portfolio
			
		 		 	LVIP Baron Growth Opportunities Fund
			
		 		 	By: /s/ Patrick M. Patalino
		 		 	Name: Patrick M. Patalino
		 		 	Title: General Counsel, BAMCO, Inc., Investment Adviser to LVIP Baron Growth Opportunities Fund

 [Signature Page to Stock Purchase Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
set forth above. 
  

							
		 	Issuer:	  	
			
		 		 	Iridium Communications Inc.
				
		 		 	By:	  	/s/ Thomas Fitzpatrick
		 		 	Name:	  	Thomas J. Fitzpatrick
		 		 	Title:	  	 Chief Financial Officer and
 Chief
Administrative Officer

 [Signature Page to Stock Purchase Agreement] 

 Schedule 1 

Each Purchaser’s Name, DTC Account Details, Shares to be Purchased and Purchase Price for Shares 

 

									
	Purchaser	  	Number of Shares to be
Purchased	 	  	Aggregate Purchase Price
for Shares	 
	 Baron Growth Fund
	  	 	6,376,923	  	  	$	41,449,999.50	  
	 VY Baron Growth Portfolio
	  	 	864,615	  	  	$	5,619,997.50	  
	 LVIP Baron Growth Opportunities Fund
	  	 	450,770	  	  	$	2,930,005.00	  
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	7,692,308	  	  	$	50,000,002.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}]]