Document:

Contract for Launch Services, effective as of May 11, 2007

 Exhibit 10.1

 
 ILS International Launch Services, Inc. Proprietary Information 
  

 CONTRACT FOR LAUNCH SERVICES 
 Between 
 ILS International Launch Services, Inc. 
 and 
 Mobile Satellite Ventures LP

 Effective Date: 11 May 2007 

 ILS International Launch Services, Inc. Proprietary Information 
  

 CONTRACT FOR LAUNCH SERVICES 
 This Contract is made and entered into as of 11 May 2007 (“Effective Date” or “EDC”) by and between ILS International Launch Services, Inc. a Delaware corporation, having its principal
place of business at 1660 International Drive, Suite 800, McLean, Virginia 22102, USA (“Contractor”) and Mobile Satellite Ventures LP, having its principal place of business at 10802 Parkridge Boulevard, Reston, Virginia 20191, USA
(“MSV”). 
 ARTICLE 1 
 DEFINITIONS 
 Capitalized terms used and not otherwise defined herein shall have the following meanings: 
 Business Day means any day that business is transacted in New York, New York, USA, and shall exclude all Saturdays, Sundays and Legal Bank
Holidays. 
 Constructive Total Failure means a Constructive Total Loss due to performance of the Launch Vehicle. 
 Constructive Total Loss shall have the meaning assigned to the term “Constructive Total Loss” in MSV’s Launch and In-Orbit
Insurance policy in place at the time of Launch. MSV shall provide a copy of such definition to Contractor promptly after the issuance of such Launch and In-Orbit Insurance policy 
 Contract means this instrument and all exhibits attached hereto, as the same may be amended from time to time in accordance with the terms hereof,
including: 
  

			
	Exhibit 1 –	 	Proton Launch Services Statement of Work for the MSV Program, dated 24 April 2007, Document No. ILSB- 0612-1364
		
	Exhibit 2 –	 	 Proton Interface Control Document for the MSV Program valid and incorporated into the Contract once signed by the Parties
 (title subject to revision)

 Insured Launch Activities means the activities carried out by either Party or the Related
Third Parties of either Party in accordance with the terms of this Contract at the launch site and the Satellite processing facility, including transportation of the Satellite from the Satellite processing facility to the launch site and, if
required, transportation of the Satellite from the launch site to the Satellite processing facility. 
 Intentional Ignition
means the Ignition as part of a planned launch sequence, of the first-stage engine(s) of the Launch Vehicle that has been integrated with the Satellite. Ignition can be followed by either (i) physical separation from the Launch pad and the
ground support equipment; or (ii) total loss or destruction of the Satellite and/or the Launch Vehicle; or (iii) Terminated Ignition.  
 Interface Control Document means that document referred to in the Statement of Work attached or to be attached as an Exhibit to this Contract upon approval by both Parties. 
 Initial Payment means the first payment made pertaining to a Launch Service as set forth in Section 5.1 of this Contract. 
 Launch means that point in time following Intentional Ignition when there is (i) physical separation of the Launch Vehicle from the Launch
pad and the ground support equipment; or (ii) total loss or destruction of the Satellite and/or the Launch Vehicle. A Launch is deemed not to have occurred in the event of a Terminated Ignition. 
 PORTIONS OF THIS EXHIBIT MARKED BY AN (***) HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION 
  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 Launch and In-Orbit Insurance means insurance covering the risks of Launch and the risks of
in-orbit failures with respect to partial loss, constructive total loss and total loss of the Satellite. 
 Launch Date means the
calendar date on which the Launch is scheduled to occur, as established in accordance with Article 6 entitled “Launch Schedule” and as such Launch Date may be adjusted in accordance with Article 7 entitled “Launch Schedule
Adjustments.” 
 Launch Opportunity means an adequate time period during which Contractor, in its reasonable judgment, may
provide a Launch Service to MSV, taking into account all relevant conditions, including but not limited to, commitments to other customers, maintenance of appropriate clearance times between flights, hardware and range availability and requirements
of the Government of the Russian Federation and/or the Government of the Republic of Kazakhstan, as applicable, for range support. 
 Launch Period means a period of (***) during which the Launch is scheduled to occur, as specified in Paragraph 6.1 and as such Launch Period may be adjusted in accordance with Article 7 entitled “Launch Schedule
Adjustments.” 
 Launch Service means those services to be provided by Contractor to MSV for a single Launch as set forth in
Exhibit 1. 
 Launch Service Price means the price for any Launch Service as set forth in Paragraph 4.1 entitled “Launch Service
Price.” 
 Launch Slot means a period of thirty (30) days during which the Launch is scheduled to occur, as specified in
Paragraph 6.3 and as such Launch Slot may be adjusted in accordance with Article 7 entitled “Launch Schedule Adjustments.” 
 Launch Vehicle means the Proton launch vehicle system consisting of a Proton launch vehicle, a Breeze M upper stage, the payload fairing and the payload adapter with separation system collectively identified as the Proton.

 Legal Bank Holiday means a day that banks are scheduled in advance to be closed in New York, New York, USA. 
 Option for Second Launch Service means the option for MSV, in its sole discretion, to elect a second Launch Service under this Agreement as set
forth in Paragraph 2.2, on the terms and conditions for Launch Service set out herein. 
 Partial Failure means a Partial Loss due to
performance of the Launch Vehicle. 
 Partial Loss shall have the meaning assigned to the term “Partial Loss” in MSV’s
Launch and In-Orbit Insurance policy in place at the time of Launch. MSV shall provide a copy of such definition to Contractor promptly after the issuance of such Launch and In-Orbit Insurance policy. 
 Party or Parties means Contractor, MSV or both. 
 Proton Launch Service means those services to be provided by Contractor to MSV for a single Launch, utilizing a Proton Launch Vehicle, as set forth in Exhibit 1. Such Launch Service would include a second
Launch if the Option for Second Launch Service is exercised. 
 Related Third Parties means (i) the Parties’ directors,
officers, agents, employees and customers; (ii) the Parties’ contractors, subcontractors and suppliers at any tier involved directly or indirectly in the performance of this Contract, and their directors, officers, agents and employees;
(iii) entities involved with payload processing or other activities in the payload processing facilities, including the contractor providing the payload processing facilities, other customers of the payload processing facilities contractor, and
all 

  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 
employees and contractors of those contractors and customers; and (iv) parties having any right, title or interest, whether through sale, lease or
service arrangement or otherwise, directly or indirectly, in a Satellite or any transponder, the Launch Vehicle or a Launch Service. 
 Replacement Launch Service means those services Contractor will provide in accordance with Paragraph 17 to replace a Launch Service in the event of Total Loss, Constructive Total Loss or Partial Loss in respect of such Launch
Service. 
 Satellite means MSV-provided MSV-1 or MSV-2 satellite(s), as applicable (all Boeing Satellite Systems-702-2000 spacecraft
as further defined in the Exhibit 1 Statement of Work) and associated property to be launched on the Launch Vehicle associated with a Launch Service under this Contract with the technical requirements and characteristics set forth in Exhibit 1 and
Exhibit 2. The MSV-1 and MSV-2 satellites shall be interchangeable with each other at any time up to six (6) months prior to the first day of the scheduled Launch Period for Launch Service Number 1, provided they are substantially similar and
only one (1) integration effort is required. 
 Statement of Work or SOW means that document identified as such and
attached as Exhibit 1 to this Contract. 
 Terminated Ignition means that, following Intentional Ignition, the first-stage engine(s)
of the Launch Vehicle are shut down, purposely or accidentally, prior to physical separation from the Launch pad and the ground support equipment and without total loss or destruction of the Satellite and/or Launch Vehicle. 
 Termination Charge means the charge calculated in accordance with Paragraph 21.6 entitled “Termination Charge.” 
 Third Party means any person or entity other than Contractor, MSV, their respective Related Third Parties, the United States Government and its
agencies, contractors or subcontractors, and the governments of the Russian Federation and the Republic of Kazakhstan and their agencies, contractors or subcontractors involved directly in the performance of the Proton Launch Services. 

Total Failure means a Total Loss due to performance of the Launch Vehicle. 
 Total Loss shall have the meaning assigned to the term “Total Loss” in MSV’s Launch and In-Orbit Insurance policy in place at the
time of Launch. MSV shall provide a copy of such definition to Contractor promptly after the issuance of such Launch and In-Orbit Insurance policy. 
 Total Price means the price for the Launch Service plus the financing fee as set forth in Paragraph 4.1. 
  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 ARTICLE 2 
 SERVICES TO BE PROVIDED 
 2.1 Launch Service Contractor shall furnish a Launch Service for one (1) Launch
of an MSV-provided Satellite from the launch site, in accordance with the applicable Exhibits and scheduled for the Launch Period specified in Paragraph 6.1 entitled “Launch Period.” 
 2.2 Option for Second Launch Service MSV may exercise the Option for a Second Launch Service for an additional Launch of an MSV-provided satellite from the launch
site in accordance with applicable Exhibits and scheduled for the Launch Period specified in Paragraph 6.1, at any time up until 31 December 2008 or at least (***) prior to the first day of the desired Launch Period, whichever occurs earlier.
Contractor’s obligation to furnish such Launch Service within the Launch Period set forth in Paragraph 6.1 shall be subject to Contractor’s manifest availability. Contractor shall provide MSV reasonable advance notice if the MSV-desired
launch window is closing so that MSV has the opportunity to exercise the Option for a Second Launch Service. 
 ARTICLE 3 

RESERVED 
 ARTICLE 4

 LAUNCH SERVICE PRICE 
  

	4.1	Launch Service Price  

  

								
	 	  	 (***)
	  	 (***)
	  	Total Price
	 Launch Service Number 1
	  	 (***)
	  	(***)	  	$	89,000,000
	 Launch Service Number 2*
	  	 (***)
	  	 (***)
	  	$	93,000,000

	*	If Option for Second Launch Service is elected in accordance with Paragraph 2.2 above. 

  

	4.2	Replacement Launch Service Price 

  

					
	 	  	 Total Price for Launch in
 Calendar Year 2011
	  	 Total Price for Launch in Calendar
 Year 2012

	 Replacement Launch*
	  	 (***)
	  	 (***)

	*	If a Replacement Launch is elected in accordance with Article 17. 

	**	The 2011 price is valid for a Replacement Launch scheduled in calendar year 2011 with a Launch Period scheduled to end no later than 31 December 2011. 

	    	(***) 

  

	4.3	Reserved 

  

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 ILS International Launch Services, Inc. Proprietary Information 
  

	4.4	Taxes  

 4.4.1 The Total Price includes all taxes,
duties and other levies imposed by the United States Government and any political subdivisions thereof, and by any taxing authority in the Russian Federation or Kazakhstan Government and any political subdivision thereof, as may be required by law
to be paid by the Contractor in full in the performance of this Contract, including any duties or other levies that may be imposed on any Satellite or any MSV-furnished items including but not limited to its support equipment associated with
transportation and handling in Russia and Kazakhstan. 
 4.4.2 Any taxes, duties or levies imposed on MSV-furnished items, other than for
those taxes, duties or levies associated with transportation and handling in Russia and Kazakhstan, shall be the obligation of MSV and, should such become an obligation of Contractor for any reason, MSV shall indemnify and hold harmless Contractor
from such obligation and shall reimburse Contractor within thirty (30) days of receipt of Contractor’s invoice for payment of such amounts. 
 ARTICLE 5 
 PAYMENT 
  

	5.1	Timing of Payments Payment of the Total Price shall be in U.S. Dollars, subject to conditions set forth in this Article and made in accordance with the following schedule(s):

  

	 	5.1.1	Launch Service Payment MSV shall make payments summing to the Total Price for each Launch Service in accordance with the following schedule(s): 

 Table 5.1 Launch Service Payment Schedule 
  

						
	 Payment
 Number
	  	 Payment Due Date
	  	Amount Due in US $
	 Initial
 Payment
	  	(***)	  	  
	 (***) 

	 2
	  	 (***) 
	  	  
	 (***) 

	 3
	  	 (***) 
	  	  
	 (***) 

	 4
	  	 (***) 
	  	  
	 (***) 

	 5
	  	 (***) 
	  	  
	 (***) 

	 6
	  	 (***) 
	  	  
	 (***) 

	 7
	  	 (***) 
	  	  
	 (***) 

	 8
	  	 (***) 
	  	  
	 (***) 

	 9
	  	 (***) 
	  	  
	 (***) 

		  	Total Price:	  	$	89,000,000

	*	Where “L” is defined as the first day of the scheduled Launch Period, Launch Slot or Launch Date as applicable, subject to the terms of Paragraph 5.6 below.

  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 Table 5.2 Option for Second Launch Service Payment Schedule 
  

						
	 Payment
 Number
	  	 Payment Due Date
	  	Amount
	 Initial
 Payment
	  	 (***) 
	  	  
	 (***) 

	 2
	  	 (***) 
	  	  
	 (***) 

	 3
	  	 (***) 
	  	  
	 (***) 

	 4
	  	 (***) 
	  	  
	 (***) 

	 5
	  	 (***) 
	  	  
	 (***) 

	 6
	  	 (***) 
	  	  
	 (***) 

	 7
	  	 (***) 
	  	  
	 (***) 

	 8
	  	 (***) 
	  	  
	 (***) 

		  		  	 	 
	 9
	  	 (***)
	  	  
	 (***) 

		  		  	 	 
		  	Total Price:	  	$	93,000,000

	*	Where “L” is defined as the first day of the scheduled Launch Period, Launch Slot or Launch Date as applicable, subject to the terms of Paragraph 5.6 below.

 Table 5.3 Replacement Launch Service Payment Schedule for a Launch Period in Calendar Year 2011 
 that Ends no later than 31 December 2011 
  

					
	 Payment
 Number
	  	 Payment Due Date
	  	Amount
	 Initial
 Payment
	  	 (***) 
	  	 (***)

	 2
	  	 (***) 
	  	 (***)

	 3
	  	 (***) 
	  	 (***)

	 4
	  	 (***) 
	  	 (***)

	 5
	  	 (***) 
	  	 (***)

	 6
	  	 (***) 
	  	 (***)

	 7
	  	 (***) 
	  	 (***)

	 8
	  	 (***) 
	  	 (***)

		  		  	 
		  	Total Price:	  	 (***)

	*	Where “L” is defined as the first day of the scheduled Launch Period, Launch Slot or Launch Date as applicable, subject to the terms of Paragraph 5.6 below.

  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 Table 5.4 Replacement Launch Service Payment Schedule for a Launch Period in Calendar Year 2012

 That Ends No Later Than 31 December 2012 
  

					
	 Payment
 Number
	  	 Payment Due Date
	  	Amount
	 Initial
 Payment
	  	 (***) 
	  	 (***) 

	 2
	  	 (***) 
	  	 (***) 

	 3
	  	 (***) 
	  	 (***) 

	 4
	  	 (***) 
	  	 (***) 

	 5
	  	 (***) 
	  	 (***) 

	 6
	  	 (***) 
	  	 (***) 

	 7
	  	 (***) 
	  	 (***) 

	 8
	  	 (***) 
	  	 (***) 

		  		  	 
		  	Total Price:	  	(***) 

	*	Where “L” is defined as the first day of the scheduled Launch Period, Launch Slot or Launch Date as applicable, subject to the terms of Paragraph 5.6 below. ** Price may
be re-determined under Paragraph 4.2. 

  

	 	5.1.2	Payment Dates If a payment due date falls on a Saturday, Sunday or Legal Bank Holiday, then payment shall be due on the following Business Day. No portion of the Total Price
shall be refundable in the event the Launch Service after Launch fails to perform in accordance with the Statement of Work. Any portion of the Total Price set forth in the Payment Schedule(s) above due after Launch shall be payable on the date due
whether or not the Launch Service performs in accordance with the Statement of Work. 

  

	5.2	Wire Transfer Instructions All payments to Contractor will be by wire transfer to the address(es) set forth below and shall not be reduced by any wire transfer fee, bank
processing fee, or other fee pertaining to the rendering of payment. 

 ILS International Launch Services, Inc.

 Citibank, F.S.B. 
 8516 Leesburg Pike 
 Vienna, Virginia 
 (***) 
 (***)

  

	5.3	Invoices Contractor shall submit invoices thirty (30) days in advance of the scheduled payment due dates, except for any invoice pertaining to an Initial Payment, which
shall be submitted within five days of (a) the date of the Effective Date of this Contract, (b) signature of any amendment adding a Launch Service to this Contract, or (c) written exercise of any Launch Service option or Replacement
Launch Service by MSV, as applicable. Payment is due thirty (30) days after receipt by MSV of the applicable invoice (except for any invoice pertaining to an Initial Payment), but in no event sooner than the scheduled payment due date. If the
due date for any payment falls on a day other than a Business Day, payment is due on the following Business Day. Payments shall be deemed made when credit for the payable amount is established in Contractor’s bank account set forth in Paragraph
5.2. 

  

	5.4	 Interest on Payments Due If any amount due by MSV to Contractor under this Contract shall remain unpaid after its due date, then MSV shall pay simple
interest to Contractor at the rate of 

  

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 ILS International Launch Services, Inc. Proprietary Information 
  

	 	 
1% per month. Interest will be computed commencing as of the day after the due date until and including the date payment is actually made.

  

	5.5	Accelerated Payments In the event that any Launch Service is accelerated as described in Article 7 entitled “Launch Schedule Adjustments,” the remaining payments
shall be accelerated on a day-for-day basis for such Launch Service. If, as a result of such acceleration, any payments should already have been made, such payments shall be immediately invoiced by Contractor and shall be paid by MSV within thirty
(30) days of receipt of invoice by MSV. 

  

	5.6	Postponed Payments 

 5.6.1 Postponements by
Contractor In the event a postponement of the Launch Period, Launch Slot or Launch Date, as applicable, for the affected Launch Service is declared by Contractor for any reason including those in Article 7 entitled “Launch Schedule
Adjustments,” the Contract payments shall be suspended on a day-for-day basis for the length of the delay and then resumed with all remaining payments postponed by the amount of the delay, except for any payments due after Launch. 

5.6.2 Postponements by MSV In the event a postponement of the Launch Period, Launch Slot or Launch Date, as applicable, for the affected Launch
Service is declared by MSV for any reason including those in Article 7 entitled “Launch Schedule Adjustments,” the Contract payments shall remain due as if the Launch Period, Launch Slot or Launch Date, as applicable, had not been
postponed. 
 ARTICLE 6 
 LAUNCH SCHEDULE 
  

	6.1	Launch Period The Launch Period(s) shall be as follows: 

 Table 6.1 Launch Period(s) 
  

			
	 Launch Number
	  	 Launch Period

	Launch Service Number 1	  	 (***) 

		
	Launch Service Number 2	  	 (***) 

  

	6.2	Reserved 

  

	6.3	Launch Slot At least six (6) months prior to the first day of the Launch Period for each Launch Service, Contractor will give notice to MSV of a proposed Launch Slot
within the Launch Period, taking into account the requirements for a Launch Opportunity. The Parties will cooperate in good faith to finalize the selection of a Launch Slot and ILS shall use commercially reasonable efforts to accommodate MSV’s
requested Launch Slot. However, in the event that the Parties cannot mutually agree upon a Launch Slot within thirty (30) days of Contractor’s proposal, Contractor shall make such determination taking into account the available Launch
Opportunities and the requirements and interests of MSV. 

  

	6.4	 Launch Date At least three (3) months prior to the first day of the Launch Slot for each Launch Service, Contractor will give notice to MSV of a
proposed Launch Date within the Launch Slot, 

  

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 ILS International Launch Services, Inc. Proprietary Information 
  

	 	 
taking into account the requirements for a Launch Opportunity. The Parties will cooperate in good faith to finalize the selection of a Launch Date and ILS
shall use commercially reasonable efforts to accommodate MSV’s requested date. However, in the event that the Parties cannot mutually agree upon a Launch Date within fifteen (15) days of Contractor’s proposal, Contractor shall make
such determination taking into account the available Launch Opportunities and the requirements and interests of MSV. 

 ARTICLE 7 
 LAUNCH SCHEDULE ADJUSTMENTS 
  

	7.1	MSV Launch Schedule Adjustments MSV may request either a postponement or advancement of the Launch Period, Launch Slot or Launch Date by giving written notice to Contractor
requesting a new Launch Period, Launch Slot or Launch Date to the Contractor representative set forth in Paragraph 9.2 (“MSV Launch Schedule Adjustment”). The Parties will cooperate in good faith to select a new Launch Period, Launch Slot
or Launch Date and ILS shall use commercially reasonable efforts to accommodate MSV’s requested Launch Period, Launch Slot or Launch Date. However, in the event that the Parties cannot mutually agree within sixty (60) days of MSV’s
notice (or such shorter time period as Contractor may determine, in light of the proximity to the Launch), Contractor shall make such determination taking into account the available Launch Opportunities and the requirements and interests of MSV.
Until the new Launch Period, Launch Slot or Launch Date is selected in accordance with this Paragraph 7.1, the then-current launch schedule shall remain in effect. 

 7.1.1 If the MSV Launch Schedule Adjustment results in a later Launch Period, Launch Slot or Launch Date, then the total number of calendar days of delay
originally requested by MSV shall be attributed to MSV. Any delay in the Launch Period, Launch Slot or Launch Date resulting from the determination of a Launch Period, Launch Slot or Launch Date, as applicable, by Contractor in excess of the delay
requested by MSV shall not be deemed to be attributed to Contractor or MSV. 
 7.1.2 Postponements by MSV under this Article 7 for each Launch
Service shall not exceed a total of (***). In the event that a single postponement, or cumulative postponements, attributed to MSV exceed (***) (the maximum permissible postponement for any one Launch Service), that Launch Service shall, at the
election of Contractor, be subject to termination by Contractor in accordance with Paragraph 21.4 of this Contract entitled “Termination by Contractor for Excessive Launch Postponements.” For any such postponements attributed to MSV that
exceed (***), the price of the Launch Services for the postponed launch shall increase by (***) of the original Total Price per (***) exceeding such (***) postponement. For Launch Service Number 1 only, the Contractor will agree, if requested by
MSV, to extend the maximum allowable postponements by an additional (***), providing a maximum postponement of (***). This additional postponement is subject to an increase of (***) for the initial (***) of the extension (***) and an additional
(***) if MSV requests an extension beyond the (***). If the Total Price is re-determined in accordance with the three preceding sentences, the applicable Launch Service Payment Schedule in Article 5 will be revised based on the new Total Price. On
the next payment due, in addition to the then current payment, MSV will include an amount equal to the increase resulting from the application of the new Total Price to the previous payments made. 
 7.1.3 If the immediately preceding flight of the Proton Breeze M launch vehicle has been a failure, MSV shall have the option to: 
 (1) Use the return to flight launch service for the MSV mission. 
  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 (2) Be assigned as a participating member of the Failure Review Oversight Board (FROB) for the prior
failure, if requested by MSV and subject to US government approval of MSV on the TAA required for the FROB. 
 (3) If MSV chooses not to
exercise option (1) above, then Contractor shall conduct a return to flight prior to conducting MSV’s mission. In this event, the MSV Launch shall be rescheduled to the next available Launch Opportunity. Delays to the Launch Period, Launch
Slot or Launch Date as applicable shall not be attributable to either Party. 
 7.2 Contractor Launch Schedule Adjustments Contractor may postpone or
request an advancement of the Launch Period, Launch Slot or Launch Date by giving written notice to MSV proposing a new Launch Period, Launch Slot or Launch Date to the Contractor representative set forth in Paragraph 9.2 (“Contractor Launch
Schedule Adjustment”). The Parties will cooperate in good faith to select a new Launch Period, Launch Slot or Launch Date. However, in the case of a postponement, if the Parties cannot mutually agree within sixty (60) days of MSV’s
receipt of Contractor’s proposal (or such shorter time period as Contractor may determine, in light of the proximity to the Launch), Contractor shall make such determination in good faith taking into account the available Launch Opportunities
and the requirements and interests of MSV. Until the new Launch Period, Launch Slot or Launch Date is selected in accordance with this Paragraph 7.2, the then-current launch schedule shall remain in effect. 
 7.2.1 If the final Contractor Launch Schedule Adjustment results in a later Launch Period, Launch Slot or Launch Date, then the total number of calendar
days of delay originally requested by Contractor shall be attributed to Contractor. 
 7.2.2 Postponements by Contractor under this Article 7
shall not exceed a total of (***) for each Launch Service. In the event that a single postponement, or cumulative postponements, attributed to Contractor exceed such maximum permissible postponement for any one Launch Service that Launch Service
shall, at the election of MSV, be subject to termination by MSV in accordance with Paragraph 21.2 entitled “Termination by MSV for Excessive Launch Postponement.” 
  

	7.2.3	If MSV believes, based upon verifiable objective information, it is reasonably certain that Contractor will postpone the launch in excess of (***), MSV may provide ILS with written
notice requesting a work-around plan and schedules verifying that the launch schedule will not be postponed beyond (***). Within thirty (30) days from the date MSV provides such notice, Contractor shall, in turn, present evidence of its ability
to perform the Launch schedule within its (***) of postponement. After review of such evidence from Contractor, if the verifiable objective information supports that it is reasonably certain the schedule will be postponed in excess of (***), then
MSV may terminate the Launch Service in accordance with Paragraph 21.2 of Article 21. Should Contractor disagree with MSV’s termination, the dispute regarding whether a postponement of (***) is reasonably certain shall be resolved in accordance
with Article 22, Dispute Resolution. During the dispute period, any Launch Service costs and/or payments shall be frozen until such time that the dispute is resolved. 

 7.3 Contractor Launch Service Designation MSV, at its sole option, can designate either of MSV’s satellites for the Launch Service Number 1 and such designation shall occur no later than six
(6) months prior to the first day of the scheduled Launch Period for Launch Service Number 1. The remaining satellite may be designated for Launch Service Number 2 should the Option for Second Launch Service be exercised. 
  

	7.4	Reserved 

  

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 ILS International Launch Services, Inc. Proprietary Information 
  

	7.5	Reserved 

 7.6 Postponements Attributed to Non-Complying Party
under Article 10 Should the failure of either Party to provide required data, hardware and services in accordance with Article 10, result in a delay to the launch schedule, then a postponement shall be attributed to the non-complying Party under
this Article 7 upon notice by the other Party. Requirements to provide data, hardware and services, delays and the length of postponement chargeable to the non-complying Party are described in Article 10 entitled “Additional Contractor and MSV
Obligations Prior to Launch.” 
 7.7 Obligation to Give Prompt Notice Contractor and MSV acknowledge and agree that it is in the best interests
of both Parties to promote certainty in launch schedule decisions and minimize time to market for MSV’s planned satellite telecommunications network and minimize disruption to other customers of Contractor. Therefore, the Parties agree to give
prompt notice of any need for schedule change under this Article 7 or any actual or potential delay that might impact the launch schedule. 
 ARTICLE 8 
 RESERVED 
 ARTICLE 9 
 COORDINATION AND COMMUNICATION BETWEEN 
 MSV AND CONTRACTOR 
 9.1 Mission Managers No
later than one (1) month after the Effective Date, each Party shall identify to the other a single Mission Manager to coordinate the activities under this Contract. The task of the Mission Managers shall be to supervise and coordinate the
respective responsibilities of the Parties. The Mission Managers are not authorized to direct work contrary to the requirements of this Contract or make modifications to this Contract. Each Party may replace its Mission Manager once the other Party
has received notification in writing of such action. All modifications to the terms, conditions and requirements of this Contract shall be made pursuant to Article 25 entitled “Amendment.” 
  

							
	Contractor’s Mission Manager is:	  		  	
		  	  
	  		  	
			
		  	Telephone: 571.633.XXXX	  	
		  	Telefax: 571.633.XXXX	  	
		  	E-mail:                     @ilslaunch.com	  	
			
	MSV’s Mission Manager is:	  		  	
		  	  
	  		  	
				
		  	Telephone:	  		  	
		  	Telefax:	  		  	
		  	E-mail:	  		  	

 9.2 Notices All notices that are required or permitted to be given under this Contract shall be in writing
and shall be delivered in person or sent by facsimile, certified mail (return receipt requested) or air courier service to the representative and address set forth below, or to such other representative or address specified in a notice to the other
Party. Notices shall be effective upon delivery in person or upon confirmation of receipt in the case of facsimile, certified mail or air courier. 
  

 11 

							
		  	
		
	Notices to Contractor:	  	
				
		  	  
	  		  	
			
		  	ILS International Launch Services, Inc.	  	
		  	1660 International Drive	  	
		  	Suite 800 McLean, Virginia 22102 U.S.A.	  	
		  	Attn: Carl Holub	  	
		  	 Director of Contracts
	  	
		  	Telephone: 571.633.7474	  	
		  	Telefax: 571.633.7500	  	
		  	E-mail: c.holub@ilslaunch.com	  	
			
	Notices to MSV:	  		  	
				
		  	  
	  		  	
			
		  	Mobile Satellite Ventures LP	  	
		  	10280 Parkridge Blvd.	  	
		  	Reston, VA 20191	  	
		  	USA	  	
		  	Attn: Michael Cannice	  	
		  	 Director, Contracts
	  	
		  	Telephone: 703-390-2725	  	
		  	Telefax: 703-390-2778	  	
		  	E-mail: mcannice@msvlp.com	  	
			
		  	With a copy to:	  	
			
		  	Mobile Satellite Ventures LP	  	
		  	10280 Parkridge Blvd.	  	
		  	Reston, VA 20191	  	
		  	USA	  	
		  	Attn: Randy Segal	  	
		  	 SVP and General Counsel
	  	
		  	Telephone: 703-390-2718	  	
		  	Telefax: 703-390-2778	  	
		  	E-mail: rsegal@msvlp.com	  	

 9.3 Communications in English All documentation, notices, reports and correspondence under this Contract
shall be submitted and maintained in the English language. All communication at the Launch Service site between the Parties or Related Third Parties shall be in English. 
 ARTICLE 10 
 ADDITIONAL CONTRACTOR AND CUSTOMER OBLIGATIONS 
 PRIOR TO LAUNCH 
 10.1 Obligation to Provide
Information Contractor shall provide to MSV the data, hardware and services identified in the applicable Statement of Work, and MSV shall provide to Contractor the data, hardware and services identified in the applicable Statement of Work, in
accordance with the schedules contained therein. 
 10.2 Notification of Non-Compliance The Party receiving the data, hardware or services referred to
in Paragraph 10.1 shall promptly notify the other Party in accordance with Paragraph 9.2 in the event the 

  

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data, hardware or services are not consistent with the requirements contained in applicable Statement of Work, or not suitable for their intended purpose.
The notification shall contain a statement of the discrepancy and recommend solutions. The Party receiving the notification shall provide written direction to the other Party as to how to proceed, taking into account the recommended solutions within
ten (10) calendar days following receipt of notice. 
 10.3 Impact of Non-Compliance on Launch Schedule In the event that the data, hardware or
services to be supplied by one Party to the other, in accordance with Paragraph 10.1 above, are not furnished in accordance with the required schedules set forth in applicable Statement of Work, the receiving Party shall use commercially reasonable
efforts to continue its obligations under this Contract without affecting the launch schedule or incurring additional expense. If however, despite the receiving Party’s commercially reasonable efforts, such continuation is not possible and, as
a result of the other Party’s failure to provide data, hardware or services as required in accordance with Paragraph 10.1 above, the launch schedule is adversely affected, then a launch schedule postponement shall be declared by the receiving
Party under the appropriate provisions of Article 7 attributable to the Party failing to provide the data, hardware or services as required by applicable Statement of Work. 
 10.4 Notification of Launch Anomalies or Failures Contractor shall promptly provide MSV with written notification of i) any design or manufacturing or performance anomaly where the change is likely to result in
a delay of the Launch or have a material effect on the launch vehicle and ii) any in-flight anomaly or failure of any of its launch vehicles occurring after the Effective Date, including any corrective actions required to prevent the reoccurrence of
such anomaly or failure in future launch vehicles. 
 ARTICLE 11 
 FACTORY AND LAUNCH SITE ACCESS 
 Subject to appropriate export, regulatory, confidentiality,
security and/or safety limitations, MSV shall have access to Contractor’s mission hardware final assembly factory to witness Contractor’s mission hardware final acceptance activities. MSV will similarly have access to the launch site,
launch complex and Satellite encapsulation area to witness major MSV-related mission tests and to attend regular coordination meetings. 
 (***) 

ARTICLE 12 
 LICENSES, CLEARANCES
AND PERMITS 
 12.1 Responsibility for Licenses, Clearances and Permits Subject to 12.3, each Party shall be responsible for obtaining any
licenses, clearances, permits and governmental authorizations, and for taking any actions necessary to carry out its obligations under this Contract. 
 12.2
Transfers of Technical Data Each Party shall be responsible for compliance with applicable United States or Russian Government regulations and licenses relating to the transfer of technical data to the other Party or to Third Parties.

 12.3 Export Control Licenses (TAAs) Contractor shall be responsible for applying for and obtaining all required Technical Assistance Agreement or
other export licenses required by the U.S. State Department for the transfer and exchange of technical data and defense services as required to perform this Contract, for exchanges by and among Contractor and its subcontractors, Boeing, MSV and
MSV’s consultants. MSV shall cooperate and provide all reasonable and necessary assistance to Contractor for the timely processing of the TAA. 
  

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 ARTICLE 13 
 GOVERNMENTAL APPROVALS, LICENSES, CLEARANCES, PERMITS AND COMPLIANCE WITH REQUIREMENTS – PROTON LAUNCH SERVICES 
 13.1 Parties Respective Obligations. Subject to 12.3, each Party is responsible for obtaining all governmental approvals, including any licenses, clearances or permits, from any governmental authority that has jurisdiction or
authority to require such approvals, licenses, clearances or permits necessary to carry out such Party’s respective obligations in accordance with this Contract. 
 13.2 Mutual Assistance. The Parties shall cooperate and provide each other upon request and without cost to the other Party all reasonable and necessary assistance in obtaining and maintaining any and all
governmental approvals that they may respectively be required to obtain to fulfill their obligations under this Contract. 
 13.3 Documentation. The
Parties shall provide to each other upon request and without cost, acceptable documentation or other reasonable evidence to show that they have obtained and are maintaining in full force and effect any and all governmental approvals that they
respectively are required to obtain to fulfill their obligations under this Contract. 
 13.4 Satellite Approvals. Unless otherwise specified herein,
MSV shall obtain and maintain all governmental approvals necessary for the transfer of the Satellite and any MSV-furnished items from the Satellite’s country of origin to the Launch Site. To the extent any U.S. Government licenses are required
for the export of Satellite-related technical data, MSV shall apply, or cause appropriate parties to apply, for such licenses not later than sixty (60) days after the Effective Date of this Contract for Launch Service Number 1 and within sixty
(60) days of exercising its option for the Second Launch Service. To the extent any U.S. Government licenses are required for the export of the Satellite, associated test, electrical or mechanical support equipment or Satellite propellant, MSV
shall apply, or cause appropriate parties to apply, for such licenses not later than twelve (12) months prior to the beginning of the Launch Period or Launch Slot, as applicable, for the applicable Launch Service. 
 13.5 Launch Vehicle and Launch Site Approvals. Contractor shall obtain all governmental approvals necessary for the transfer of the Launch Vehicle and any
auxiliary equipment to the Launch Site and shall obtain all governmental approvals necessary for the use of the Launch Site and its facilities. 
 13.6
Safeguarding U.S.-Licensed Spacecraft Contractor and MSV shall abide by and require its Related Third Parties, as applicable, to abide by all United States, Russian and Kazakh Government security rules and regulations pertaining to the
safeguarding of U.S.-licensed spacecraft in connection with the performance of this Contract. Such security rules and regulations include, but are not limited to, the Government to Government Technology Safeguards Agreement, dated January 25,
1999, and amendments thereto, for the safeguarding of U.S.-licensed spacecraft transported to Russia and/or Kazakhstan for launch from the Baikonur Cosmodrome, applicable licenses, technology transfer control plans and the Proton Launch Operations
Security Plan at Baikonur Cosmodrome. 
 13.7 U.S. Export Requirements. Contractor and MSV agree that all export/import/re-export of goods, defense
services and technical data made pursuant to this Contract shall be in strict compliance with all laws, rules and regulations of the United States, including the United States Department of State International Traffic in Arms Regulations
(“ITAR”) and the Export Administration Regulations (“EAR”) of the United States Department of Commerce. Additionally, it is understood that Contractor and MSV are subject to the applicable laws and regulations of the Russian
Federation and the Republic of Kazakhstan as applicable to this Contract. 
  

	 	13.7.1	 MSV and Contractor hereby agree to identify and promptly notify the other Party of all of its non-U.S. citizen employees, non-U.S. citizen employees of its Related
Third Parties 

  

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and non-U.S. citizen consultants of any of them who will participate in, or receive any commodities, technical data or defense services in connection with
the performance of this Contract. 

 13.8 Contractor Assistance for Proton Launch Services Contractor will assist MSV and its
Related Third Parties, as applicable, with administrative arrangements necessary for the transportation of personnel, the Satellite and related equipment or supplies from the point of entry into the Russian Federation or Republic of Kazakhstan, as
the case may be, to the Launch site. Such assistance to MSV and its Related Third Parties shall include assisting in obtaining on behalf of MSV and MSV’s Related Third Parties, as applicable, necessary consents and authorizations from the
relevant governmental authorities for the entry and temporary stay in the Russian Federation or the Republic of Kazakhstan, as the case may be, of such personnel, Satellite and related equipment or supplies. 
 13.9 Launch Vehicle Registration. Contractor shall register the Launch Vehicle with the appropriate launching state or states as required by the 1975 Convention
on Registration of Objects Launched into Outer Space. 
 13.10 Satellite Registration. MSV shall register the Satellite with the appropriate launching
state or states as required by the 1975 Convention on Registration of Objects Launched into Outer Space. 
 13.11 Security. MSV shall abide by and
require its employees, agents, subcontractors, and Related Third Parties to abide by all applicable United States, Russian and Kazakh Government security rules and regulations while they are on Contractor’s or its Related Third Parties’
premises in connection with this Contract. 
 ARTICLE 14 
 COMPLETION OF CONTRACTOR’S OBLIGATION 
 The Launch Services to be provided under this Contract shall be
considered complete upon Launch and the submission of data required by the applicable Statement of Work. A Launch is deemed not to have occurred in the event of a Terminated Ignition. 
 ARTICLE 15 
 EXCLUSION OF WARRANTY, WAIVER OF LIABILITY 
 AND ALLOCATION OF CERTAIN RISKS – PROTON LAUNCH SERVICES 
 15.1 NO REPRESENTATIONS OR WARRANTIES CONTRACTOR HAS NOT MADE NOR DOES IT MAKE ANY REPRESENTATION OR WARRANTY, WHETHER WRITTEN OR ORAL, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF DESIGN, OPERATION, CONDITION,
QUALITY, SUITABILITY OR MERCHANTABILITY OR OF FITNESS FOR USE OR FOR A PARTICULAR PURPOSE, ABSENCE OF LATENT OR OTHER DEFECTS, WHETHER OR NOT DISCOVERABLE, WITH REGARD TO THE SUCCESS OF ANY LAUNCH OR OTHER PERFORMANCE OF ANY LAUNCH SERVICE(S)
HEREUNDER. WITHOUT LIMITING OR CREATING EXCEPTIONS TO THE RECIPROCAL WAIVER OF LIABILITY SET FORTH IN ARTICLE 15 WITH RESPECT TO PROTON LAUNCH SERVICES, OR THE EXCLUSIVE REMEDIES SET FORTH IN ARTICLE 18, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO
THE OTHER OR TO PERSONS CLAIMING BY OR THROUGH SUCH PARTY UNDER ANY THEORY OF TORT, CONTRACT, STRICT LIABILITY, NEGLIGENCE OF ANY TYPE OR UNDER ANY OTHER LEGAL OR EQUITABLE THEORY FOR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING
WITHOUT LIMITATION, COSTS OF EFFECTING COVER, LOST PROFITS, LOST REVENUES OR COSTS OF RECOVERING A PAYLOAD OR THE SATELLITE, ARISING OUT OF OR RELATING TO THIS CONTRACT. 
  

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	15.2	Waiver of Liability 

 15.2.1 Contractor and MSV
hereby agree to a reciprocal waiver of liability pursuant to which each Party agrees not to bring a claim or sue the other Party, the United States Government, the government of the Russian Federation, or the government of the Republic of
Kazakhstan, or Related Third Parties of the other Party for any property loss or damage it sustains, including but not limited to, in the case of MSV, loss of or damage to the Satellite, or any other property loss or damage, personal injury or
bodily injury, including death, sustained by any of its directors, officers, agents and employees, arising in any manner in connection with the performance of or activities carried out pursuant to this Contract or other activities in or around the
launch site or Satellite processing area, or the operation or performance of the Launch Vehicle or the Satellite. Such waiver of liability applies to all damages of any sort or nature, including, but not limited to, any direct, indirect, special,
incidental or consequential damages or other loss of revenue or business injury or loss such as costs of effecting cover, lost profits, lost revenues or costs of recovering a payload or the Satellite, from damages to the Satellite before, during or
after Launch or from the failure of the Satellite to reach its planned orbit or operate properly. This waiver will not be applicable to the extent that such damages sustained by a Party are caused by willful misconduct of the other Party.

 15.2.2 Claims of liability are waived and released regardless of whether loss, damage or injury arises from the acts or omissions,
negligent or otherwise, of either Party or its Related Third Parties. This waiver of liability shall extend to all theories of recovery, including in contract for property loss or damage, tort, product liability and strict liability. In no event
shall this waiver of liability prevent or encumber enforcement of the Parties’ contractual rights and obligations to each other as specifically provided in this Contract. This waiver will not be applicable to the extent that such damages
sustained by a Party are caused by willful misconduct of the other Party. 
 15.2.3 Contractor and MSV shall each extend the waiver and
release of claims of liability as provided in Paragraphs 15.2.1 and 15.2.2 to its Related Third Parties (other than employees, directors and officers) by requiring them to waive and release all claims of liability they may have against the other
Party, its Related Third Parties, the United States Government and its contractors and subcontractors at every tier, the government of the Russian Federation and its contractors and subcontractors at every tier, the government of the Republic of
Kazakhstan and its contractors and subcontractors at every tier, and to agree to be responsible for any property loss or damage, personal injury or bodily injury, including death, sustained by them arising in any manner in connection with the
performance of or activities carried out pursuant to this Contract or other related activities in or around the launch site or Satellite processing area, or the operation or performance of the Launch Vehicle or the Satellite. 
 15.2.4 The waiver and release by each Party and its Related Third Parties of claims of liability against the other Party and the Related Third Parties of
the other Party extends to the successors and assigns, whether by subrogation or otherwise, of the Party and its Related Third Parties. Each Party shall obtain a waiver of subrogation and release of any right of recovery against the other Party and
its Related Third Parties from any insurer providing coverage for the risks of loss for which the Party hereby waives claims of liability against the other Party and its Related Third Parties. 
 15.2.5 In the event of any inconsistency between the provisions of this Paragraph 15.2 and any other provisions of this Contract, the provisions of this
Paragraph 15.2 shall take precedence. 
  

	15.3	Indemnification—Property Loss and Damage and Bodily Injury  

 15.3.1 To the extent that claims of liability by Related Third Parties are not covered by an insurance policy of either Contractor or MSV, Contractor and MSV each agree to defend, hold harmless and indemnify the other
Party and its Related Third Parties, for any liabilities, costs and expenses (including attorneys’ fees, costs and expenses), arising as a result of claims brought by 

  

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Related Third Parties of the indemnifying Party, for property loss or damage, personal injury or bodily injury, including death, sustained by such Related
Third Parties, arising in any manner in connection with the activities carried out pursuant to this Contract, other activities in and around the launch site or the Satellite processing area, or the operation or performance of the Launch Vehicle or
the Satellite. Such indemnification applies to any claim for direct, indirect, special, incidental or consequential damages or other loss of revenue or business injury or loss, including but not limited to costs of effecting cover, lost profits or
lost revenues, resulting from any loss of or damage to the Satellite before, during, or after Launch or from the failure of the Satellite to reach its planned orbit or operate properly. 
 15.3.2 To the extent that claims of liability by Third Parties are not covered by the third party liability insurance referred to in Paragraph 16.1
entitled “Third Party Liability Insurance,” or an insurance policy of either Contractor or MSV, Contractor will defend, hold harmless and indemnify MSV and its Related Third Parties for any and all claims of Third Parties, for property
loss or damage, personal injury or bodily injury, including death, arising in any manner from the operation or performance of the Launch Vehicle, excluding any claim for indirect, special, incidental or consequential damages. 
 15.3.3 To the extent that claims of liability by Third Parties are not covered by the third party liability insurance referred to in Paragraph 16.1
entitled “Third Party Liability Insurance,” or an insurance policy of either Contractor or MSV, MSV will defend, hold harmless and indemnify Contractor and its Related Third Parties for any and all claims of Third Parties, for property
loss or damage, personal injury or bodily injury, including death, arising in any manner from the processing, testing, operation or performance of the Satellite or from any claim for indirect, special, incidental or consequential damages or other
loss of revenue or business injury or loss including, but not limited to costs of effecting cover, lost profits or lost revenues resulting from any loss of or damage to the Satellite before, during or after Launch or from the failure of the
Satellite to reach its planned orbit or operate properly. 
 15.3.4 Notwithstanding Paragraphs 15.3.2 and 15.3.3 above, Contractor shall not
be obligated to defend, hold harmless or indemnify MSV for any claim brought by a Third Party against MSV resulting from any damage to or loss of the Satellite, whether sustained before or after Launch and whether due to the operation, performance,
non-performance or failure of the Launch Vehicle or due to any other causes. MSV shall defend, hold harmless and indemnify Contractor for any claims brought by Third Parties against Contractor for damage to or loss of the Satellite, whether
sustained before or after Launch or whether due to the operation, performance, non-performance or failure of the Launch Vehicle or due to other causes, with the exception to cases brought upon by willful misconduct on the part of the Contractor.

 15.3.5 The indemnification for property loss or damage, personal injury or bodily injury, including death, provided by this Paragraph 15.3,
shall be available regardless of whether such loss, damage or injury arises from the acts or omissions, whether negligent or otherwise, of the Party entitled to indemnification, or its Related Third Party, as the case may be. 
 15.3.6 The right of either Party or Related Third Parties to indemnification under this Article is not subject to subrogation or assignment and either
Party’s obligation set forth herein to indemnify the other Party or Related Third Parties extends only to that Party or those Related Third Parties and not to others who may claim through them by subrogation, assignment or otherwise.

  

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	15.4	Indemnification—Intellectual Property Infringement 

 15.4.1 Contractor shall defend, hold harmless and indemnify MSV, and its Related Third Parties for any and all claims resulting from the infringement, or claims of infringement, of the patent rights or any other intellectual property rights
of a Third Party, that may arise from the design, manufacture or operation of the Launch Vehicle or Contractor’s provision of Launch Services. 
 15.4.2 MSV shall defend, hold harmless and indemnify Contractor and its Related Third Parties for any and all claims resulting from the infringement, or claims of infringement, of the patent rights or any other intellectual property rights
of a Third Party, that may arise from the design, manufacture, or operation of MSV’s Satellite or a claim alleging that the Contractor aided or enabled infringement in the design, manufacture, or operation of MSV’s Satellite by the
furnishing of Launch Services. 
 15.5 Rights and Obligations The rights and obligations specified in Paragraphs 15.3 and 15.4 shall be subject to the
following conditions: 
 15.5.1 The Party seeking indemnification shall promptly advise the other Party in writing of the filing of any suit,
or of any written or oral claim alleging an infringement of any Related Third Party’s or any Third Party’s rights, upon receipt thereof; and shall provide the Party required to indemnify, at such Party’s request and expense, with
copies of all relevant documentation. 
 15.5.2 The Party seeking indemnification shall not make any admission nor shall it reach a compromise
or settlement without the prior written approval of the other Party, which approval shall not be unreasonably withheld or delayed. 
 15.5.3
The Party required to indemnify, defend and hold the other harmless shall assist in and shall have the right to assume, when not contrary to the governing rules of procedure, the defense of any claim or suit or settlement thereof, and shall pay all
reasonable litigation and administrative costs and expenses, including attorney’s fees, incurred in connection with the defense of any such suit, shall satisfy any judgments rendered by a court of competent jurisdiction in such suits, and shall
make all settlement payments. 
 15.5.4 The Party seeking indemnification may participate in any defense at its own expense, using counsel
reasonably acceptable to the Party required to indemnify, provided that there is no conflict of interest and that such participation does not otherwise adversely affect the conduct of the proceedings. 
  

	15.6	Reserved 

 15.7 Survival of Obligations All indemnities,
obligations, liabilities and payments provided for in this Article 15 shall survive, and remain in full force and effect, after the expiration or other termination of this Contract and, subject to the limitations set forth in this Article 15,
notwithstanding any other provision of this Contract to the contrary. 
 15.8 Authority to Destroy Launch Vehicle The range safety officer or
equivalent is hereby authorized to destroy, without liability or indemnity to MSV or MSV’s Related Third Parties, the Launch Vehicle and the Satellite in the event that such action is determined in such range safety officer’s or
equivalent’s sole discretion to be necessary to avoid damage to persons or property. Any operation of the Launch Vehicle automatic destruct system which causes the destruction of the Launch Vehicle or Satellite shall also be without liability
to MSV or MSV’s Related Third Parties. 
 15.9 Limitation of Liability Except for the obligation to indemnify provided in Paragraph 15.3.1 and
15.3.2 with respect to Proton Launch Services, Contractor’s cumulative liability to MSV for any and all claims that have not been waived or released pursuant to the terms of Article 15 with respect to Proton Launch 

  

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Services and any claim to which the remedies are not limited pursuant to the terms of Article 18 entitled “Remedies and Limitations on Remedies”,
arising out of or relating to this Contract, including, without limitation, any claim for termination (other than termination pursuant to Paragraph 21.2, in which case the maximum liability shall be the reimbursement amounts set forth therein),
shall not, under any circumstances, exceed the amount of the Total Price paid by MSV for the particular Proton Launch Service(s) relating to such claim as of the date of such claim. This limitation does not apply to claims based on fraud, willful
misrepresentation, or willful misconduct. 
 ARTICLE 16 
 INSURANCE – PROTON LAUNCH SERVICES 
 16.1 Third Party Liability Insurance Contractor shall procure and
maintain in effect insurance for third party liability to provide for the payment of claims resulting from property loss or damage or bodily injury, including death, sustained by Third Parties caused by an occurrence resulting from Insured Launch
Activities. The insurance shall have a limit of US$300,000,000 per occurrence and in the aggregate and shall be subject to standard industry exclusions and/or limitations, including, but not limited to, exclusions and/or limitations with regard to
terrorism. Coverage for damage, loss or injury sustained by Third Parties arising in any manner in connection with Insured Launch Activities shall attach upon arrival of the Satellite at the launch site and will terminate upon the earlier to occur
of the return of all parts of the Launch Vehicle to Earth or twelve (12) months following the date of Launch, unless the Satellite is removed from the Satellite processing area or the launch site other than by Launch, in which case, coverage
shall extend only until such removal. Such insurance shall not cover loss of or damage to the Satellite even if such claim is brought by any Third Party or Related Third Parties. 
 16.2 Property Insurance Contractor shall provide such insurance as may be required by applicable law or governmental authority within Russia and/or Kazakhstan having jurisdiction over the launch site.

 16.3 Miscellaneous Requirements The third party liability insurance shall name as named insured Contractor and shall name as additional insureds
MSV and the respective Related Third Parties identified by each Party and such other persons as Contractor may determine. The Contractor shall provide to MSV a copy of the policy for each insurer, inter alia, indicating MSV is an additional insured,
the limit of liability, period of coverage, basis of coverage, and any exclusions. Such insurance shall provide that the insurers shall waive all rights of subrogation that may arise by contract or at law against the named insured or any additional
insured. 
 ARTICLE 17 
 REPLACEMENT LAUNCH SERVICE(S) 
  

	17.1	Replacement Launch Service MSV may request a replacement launch in the event of a Total Loss, Constructive Total Loss or Partial Loss. 

  

	17.2	Notice of Request The request for a Replacement Launch must be in writing and received by Contractor no later than ninety (90) days after the determination of a Total
Loss, Constructive Total Loss or Partial Loss. The request shall indicate the Launch Period designated for the Replacement Launch, provided however in no event will the requested Launch Period end later than 31 December 2012 and begin no sooner
than (***) after request for Replacement Launch is received by Contractor. 

  

	17.3	Existence of Launch Opportunity Contractor shall inform MSV, after receipt of the request, if a Launch Period exists as requested. If a Launch Period does not exist as
requested, the Parties will negotiate in good faith a mutually acceptable Launch Period. 

  

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	17.4	Agreement on Replacement Launch Any agreement reached by the Parties on a Replacement Launch shall be in writing. The Replacement Launch shall be provided in accordance with
the terms and conditions of this Contract. A Replacement Launch is not available for the Replacement Launch provided in this Article 17. 

  

	17.5	Similar Configuration and Mission Requirements of Satellite The configuration and mission requirements of the Satellite selected by MSV for the Replacement Launch shall be
sufficiently similar to avoid any need for mission analysis or for Launch Vehicle or interface changes. 

  

	17.6	Price of Replacement Launch MSV shall pay Contractor the Price as determined in Paragraph 4.2 for a Replacement Launch that is scheduled to occur in calendar year 2011 or
2012 where the Launch Vehicle was declared a Total Loss, Constructive Total Loss or Partial Loss. 

	17.7	Payment Plan of Replacement Launch MSV shall make payment for the Replacement Launch in accordance with the payment schedule set forth in Article 5, Table 5.3 or 5.4, as
applicable. The initial payment shall include all past due sums. 

  

	17.8	Remedies The remedies set forth in this Article 17 shall constitute the sole and exclusive remedies of a Party for Total Failure, Constructive Total Failure, or Partial
Failure except in the event of acts by the other Party of fraud, willful misrepresentations, or willful misconduct on the part of Contractor. 

 ARTICLE 18 
 REMEDIES AND LIMITATIONS ON REMEDIES 
 This provision is intended to highlight notice to the Parties of certain specified exclusive rights and remedies of the Parties as stated elsewhere in the Contract, but
shall not be construed as an all-inclusive list thereof. 
 18.1 Postponement of Launch Period, Launch Slot or Date The exclusive rights and remedies
of a Party with respect to postponement of a Launch Period, Launch Slot or Launch Date attributed to the other Party shall be as provided in Paragraphs 21.2 entitled “Termination by MSV for Excessive Launch Postponements”, 21.4, entitled,
“Termination by Contractor for Excessive Launch Postponements”, and 21.6 entitled “Termination Charge”. 
 18.2 Failure to Provide
Data The exclusive remedy for failure by either Party to provide the data, hardware or services it is required to provide pursuant to Paragraph 10.3 shall be the Launch Schedule postponement contemplated in Paragraph 10.3. 
 18.3 Reserved  
 18.4 Claims by Third Parties The exclusive
rights and remedy of MSV for claims by Third Parties for property loss or damage, personal injury or bodily injury, including death, arising in any manner from the operation or performance of the Launch Vehicle, to the extent such claims are not
eligible for payment as provided in Paragraph 15.3.2, shall be the indemnification by Contractor as provided in Paragraph 15.3.2. 
 18.5 Intellectual
Property Infringement The exclusive rights and remedy of the Parties for claims resulting from the infringement of patent rights or any other intellectual property rights of a Third Party shall be the indemnification as provided in Paragraph
15.5. 
  

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 18.6 Termination for Convenience The exclusive rights and remedy of MSV to terminate this Contract for
convenience are described in Paragraph 21.1 entitled “Termination by MSV for Convenience.” 
 18.7 Non-Payment The exclusive rights and
remedy of Contractor to terminate this Contract in the event of nonpayment or delay in payment are described in Paragraph 21.3, entitled “Termination by Contractor for Nonpayment.” 
 ARTICLE 19 
 NOTICE AND COOPERATION ON LAUNCH AND IN-ORBIT INSURANCE MATTERS

 Contractor shall provide customary and normal support to assist MSV in obtaining Launch and In-Orbit Insurance, including (i) supporting MSV with
all presentations (oral, written or otherwise), including attendance and participation in such presentations where requested by MSV, (ii) providing on a timely basis all reasonable and appropriate technical information, data and documentation,
and (iii) providing documentation and answers to insurer inquiries. In addition, Contractor shall provide any other certifications, confirmations or other information with respect to the Launch Vehicle as reasonably required by MSV’s
Launch and In-Orbit Insurance insurers and shall take any other action reasonably requested by MSV or any such insurers that is necessary or advisable in order for MSV to obtain and maintain Launch and In-Orbit Insurance on reasonable and customary
terms. 
 Contractor shall cooperate with and provide reasonable support to MSV (***) for insurance recovery and as to any legal proceeding associated with
any claim for insurance recovery. Such support shall include (i) using its reasonable commercial efforts to secure access for the insurers to all information used in or resulting from any investigation or review of the cause or effects of such
occurrence, (ii) making available for inspection and (***) information reasonably available to Contractor that is necessary to establish the basis of a claim, and (iii) supporting MSV in establishing (***) any Total Loss, Constructive
Loss, or Partial Loss (***) as is reasonable and customary in ILS’s experience in dealing with other customers and the insurance industry. 
 The
cooperation and support provided for in this Article 19 is included within the Launch Service Price of this Contract. 
 ARTICLE 20 

 RESERVED 
 ARTICLE 21

 TERMINATION 
 21.1 Termination by
MSV for Convenience MSV may terminate any Launch Service under this Contract for any reason at its convenience following written notice to Contractor given at least thirty (30) days prior to the Launch Date. If MSV terminates a Launch
Service under this Paragraph 21.1, Contractor shall be entitled to a Termination Charge set forth in Paragraph 21.6. Within thirty (30) days of the date of the termination, Contractor will refund to MSV the balance of all payments made for the
Launch Service terminated, that have been paid in excess of the Termination Charge. 
 21.2 Termination by MSV for Excessive Launch Postponements MSV
may terminate a Launch Service under this Contract if: Contractor has actually postponed, or provided notice of postponement of such Launch Service under Article 7 or a postponement has been attributed to Contractor under Paragraph 10.3 for longer
than the aggregate period of permissible postponements under said Article. If MSV does not provide a notice of termination to Contractor within sixty (60) days of postponement or notice of postponement by Contractor, then MSV waives its right
to terminate the postponed Launch 

  

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Service under this Paragraph 21.2 unless Contractor further postpones the Launch Service under Article 7. If MSV terminates a Launch Service in accordance
with this Paragraph 21.2, Contractor shall reimburse MSV for all payments made to Contractor for the terminated Launch Service. 
 21.3 Termination by
Contractor for Non-Payment Contractor may terminate a Launch Service under this Contract if MSV fails to make any payment to Contractor relating to such Launch Service on the due date as required by this Contract, provided MSV fails to remedy
such non-payment within thirty (30) days of notice from Contractor describing such non-payment and Contractor’s intent to terminate for same. In no event shall the effective date of termination by Contractor pursuant to this Paragraph 21.3
be earlier than sixty (60) days after the due date of any payment not made. If Contractor terminates a Launch Service in accordance with this Paragraph 21.3, Contractor shall be entitled to retain the Termination Charge set forth in Paragraph
21.6. 
 21.4 Termination by Contractor for Excessive Launch Postponements Contractor may terminate a Launch Service under this Contract if Customer
has actually postponed, given notice of postponement of such Launch Service under Article 7 entitled “Launch Schedule Adjustments” or a postponement has been attributed to Customer under Paragraph 10.3 for more than the permissible
postponements under Article 7. If Contractor does not provide a notice of termination to Customer within sixty (60) days of such postponement or notice of postponement by Customer, Contractor waives its right to terminate the postponed Launch
Service under this Paragraph 21.4 unless Customer further postpones the Launch Service under Article 7. If Contractor terminates a Launch Service in accordance with this Paragraph 21.4, Contractor shall be entitled to the Termination Charge set
forth in Paragraph 21.6. 
 21.5 Termination Date The termination date of any Launch Service terminated under this Article 21 shall be effective as of
the date of receipt of the notice of termination provided to the Party being terminated in accordance with Paragraph 9.2. 
 21.6 Termination Charge
If a Launch Service is terminated in accordance with the provisions of Paragraphs 21.1 or 21.3 or 21.4, Contractor may retain as a Termination Charge the following amount(s),. 
 Table 21.6.1—Launch Service Termination Charge Schedule 
  

			
	 Termination Date
	  	Amount as a Percentage of the
Applicable Total Price
	 (***)
	  	 (***)

	 (***)
	  	 (***)

	 (***)
	  	 (***)

	 (***)
	  	 (***)

	 (***)
	  	 (***)

	 (***)
	  	 (***)

	 (***)
	  	 (***)

	 (***)
	  	 (***)

		  	

 If the effective termination date falls between the Termination Dates, the Termination Charge
attributable to such partial period shall be prorated through the effective termination date. MSV will pay to Contractor any unpaid portion of the Termination Charge within thirty (30) days of receiving Contractor’s invoice. Contractor
shall refund to MSV any amount paid, without interest, under this Contract for the terminated Launch Service(s) in excess of the Termination Charge within thirty (30) days of the effective termination date for such Launch Service(s).

 21.7 Effect of Termination If either Party terminates a Launch Service or this Contract under this Article 21, both Parties’ obligations
under this Contract with respect to such Launch Service(s) shall be discharged as of the Launch Service(s) effective termination date except that MSV’s obligation to pay the Termination Charge described in Paragraph 21.6 and any fees or charges
due to Contractor in 

  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 
accordance with Paragraphs 5.4, or payments due MSV in accordance with Paragraph 21.1 shall survive the termination of the Launch Service(s) and this
Contract. If less than all Launch Service(s) to be furnished under this Contract are terminated pursuant to this Article 21, the provisions of this Article shall apply to the terminated Launch Service(s) only, and the Parties shall continue to
perform their obligations with respect to any Launch Service(s) not terminated under this Article. If all remaining Launch Service(s) to be furnished under this Contract are terminated pursuant to this Article 21, the entire Contract shall be deemed
to have been terminated as of the effective termination date of the last terminated Launch Service(s). 
 ARTICLE 22 
 DISPUTE RESOLUTION 
 22.1 Dispute Resolution Any
dispute arising under or relating to this Contract or the breach thereof, including any dispute concerning the validity, scope or enforceability of this provision, that is not promptly resolved directly by the Parties shall be resolved through
negotiation, mediation, or court proceedings as set forth in this Article 22. 
 22.2 Negotiation Any dispute arising hereunder that is not promptly
resolved by the individuals identified in Article 9 shall be referred to the senior management of Contractor and MSV designated by the Parties. If such senior management cannot satisfactorily resolve the dispute in a timely fashion, as determined by
either Party, the Parties shall seek resolution of the matter through mediation, or court proceedings as provided below. 
 22.3 Mediation Any dispute
arising hereunder that is not promptly resolved through the negotiation procedure described in Paragraph 22.2 shall be referred to mediation. Mediation shall be an informal, non-binding dispute resolution process mutually agreed by the Parties or by
a mutually acceptable alternative dispute resolution organization. If such mediation does not satisfactorily resolve the dispute within ninety (90) days of referral of the dispute to the senior management of the Parties, either party may
institute court proceedings as set forth in Paragraph 22.4 below. 
 22.4 Court Proceedings Any dispute that is not resolved otherwise by the Parties
through negotiation or mediation as provided in this Article 22 may be submitted for resolution to a court of competent jurisdiction in accordance with Article 27. The use or attempted use of any alternative dispute resolution procedures, such as
negotiation or mediation shall not be construed under the doctrines of laches, waiver or estoppel to affect adversely the rights of either Party. With respect to any court proceedings, any information deemed by either Party to be of a commercially
sensitive nature shall be entitled to the protection afforded by protective orders issued by a court of competent jurisdiction. 
 22.5 Language
Negotiations, mediation sessions or court proceedings in connection with this Contract shall be conducted in the English language, provided that at the request and expense of the requesting Party, documents and testimony shall be translated into any
language specified by the requesting Party. 
  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 ARTICLE 23 
 CONFIDENTIALITY 
  

	23.1	Contract Provisions  

 23.1.1 Each Party shall
ensure that its employees do not disclose the terms or conditions of this Contract, except as may be required to perform this Contract, to acquire insurance or the benefit thereof for the Launch Services, Satellite(s) or Launch vehicles provided
hereunder, in support of arbitration or legal proceedings relating hereto, as required by their respective governments, or in the normal course of reporting to its parent company. 
 23.1.2 No publicity or information regarding this Contract will be given or released without the prior written consent of the other Party. Consent to
release of information by either Party shall not be unreasonably delayed or withheld. However, once the Agreement is announced, general disclosure of its existence does not require consent from the other Party. 
 23.2 Proprietary Information. It is recognized that MSV and Contractor each will have developed business, financial, and technical information including but not
limited to information relating to the mating and launching of the Launch Vehicle and the Satellite(s) that will be exchanged between the Parties. To the extent that such data is considered “Proprietary Information” by either Party, such
disclosures shall be handled in accordance with this Article 23. 
 23.2.1 “Proprietary Information” (i) shall be that
information, data or material in written form that is conspicuously marked “Proprietary,” and that is delivered by Contractor or by MSV, as the case may be, to the representative(s) and Related Third Parties of the other Party and
(ii) shall include all copies in whole or in part made of such information, data or material or derivative uses thereof. Oral disclosure, if identified as “Proprietary Information” prior to disclosure, will be treated as proprietary
under this Article provided that the oral information is reduced to writing and a copy marked as “Proprietary” is sent to the recipient within thirty (30) days of such disclosure. 
 23.2.2 Each Party agrees not to use the other Party’s Proprietary Information for any purpose other than for the performance of this Contract. Any
other use or disclosure of such Proprietary Information shall be made only upon prior written consent of the other Party. 
 23.2.3 Each Party
agrees to restrict disclosures of the Proprietary Information of the other Party to only those having a need to know in the performance of this Contract and to have all such Proprietary Information protected with reasonable care such as that care
normally used to protect its own Proprietary Information within its own organization. If such care is used, the recipient shall not be liable for the unauthorized disclosure of Proprietary Information. 
 23.2.4 The aforementioned restrictions on use and disclosure of Proprietary Information will not apply: 
  

	 	23.2.4.1	If either Party can show that the Proprietary Information received from the other is or has become generally available through the public domain without fault of such Party;

  

	 	23.2.4.2	If the Proprietary Information is in a written record in one Party’s files prior to its receipt from the other Party and is not otherwise restricted as to its use or
disclosure; 

  

	 	23.2.4.3	If either Party at any time lawfully obtains the Proprietary Information in writing from a Third Party under circumstances permitting its disclosure; 

  

	 	23.2.4.4	 If the Proprietary Information is disclosed with the prior written consent of the other Party, provided such disclosure complies in all respects with the 

  

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 ILS International Launch Services, Inc. Proprietary Information 
  

	 	 
terms of the written consent; such written consent shall not be unreasonably withheld to finance MSV’s business; 

  

	 	23.2.4.5	If the Proprietary Information disclosure is required by governmental body, or court of law, each Party will provide the other such advance notice, unless providing such notice is
prohibited by the government body or court of law, and will cooperate to the extent reasonable and practical (consistent with the disclosing Party’s legal obligations) to request confidential treatment with the governmental body or court of law
to the extent reasonably available, consistent with the disclosing Party’s legal obligations. 

  

	 	23.2.4.6	When the Proprietary Information is disclosed more than six (6) years after the date of receipt of the information. 

 23.2.5 Upon termination or expiration of this Contract, the Parties, within a reasonable period of time, will return all Proprietary Information received
from the other Party under the terms of this Contract or certify that all the Proprietary Information has been destroyed. 
 23.2.6 It is
understood that neither Party assumes any liability to the other for damages arising from the other Parties use of or reliance upon any Proprietary Information disclosed pursuant to this Article except as provided elsewhere herein. 
 ARTICLE 24 
 INTELLECTUAL PROPERTY

 Neither Party will acquire, as a result of the services to be provided under this Contract, any rights to the inventions, patents, copyrights,
trademarks or other technical property or any rights to the proprietary information of the other Party or the Related Third Parties of the other Party. 
 ARTICLE 25 
 RIGHT OF OWNERSHIP AND CUSTODY 
 25.1 MSV hereby acknowledges and agrees that at no time shall it obtain title to or ownership of or any other legal or equitable right or interest in any part of the
Launch Vehicle or in any other tangible or intangible property or hardware of Contractor or its Related Third Parties, including, without limitation, any patent or data rights used or furnished in providing Launch Services under this Contract. Such
property shall be considered the sole and exclusive property of Contractor. 
 25.2 Contractor hereby acknowledges and agrees that at no time shall it obtain
title to or ownership of or any other legal or equitable right or interest in any part of the Satellite or in any other tangible or intangible property or hardware of Contractor or its Related Third Parties, including, without limitation, any patent
or data rights with respect to the Satellite. Such property shall be considered the sole and exclusive property of MSV. 
 ARTICLE 26 

 AMENDMENT 
 Any amendment, modification
or change to this Contract, including but not limited to launch requirements, changes in quantity or schedule adjustments, may only be made in writing by authorized representatives of MSV and Contractor. 
  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 ARTICLE 27 
 GOVERNING LAW 
 27.1 This Contract and any matter arising under the Contract, regardless if such matter is addressed
in the Contract, shall be governed by and construed in accordance with the laws of the State of New York, United States of America, exclusive of that jurisdiction’s conflict of law rules. The provisions of the United Nations Convention for the
International Sale of Goods shall not be applicable to this Contract. 
 27.2 Any legal action or proceeding with respect to this Contract may be brought in
the United States District Court for the Southern District of New York, and by execution and delivery of this Contract the Parties irrevocably consent to the jurisdiction of such courts. Each Party irrevocably waives any objection, including any
objection to the laying of venue based on the grounds of forum non conveniens, that it may now or hereafter have to the bringing of any action or proceeding in such jurisdiction in respect of this Contract. 
 27.3 WAIVER OF JURY TRIAL. THE PARTIES WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS
CONTRACT IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY EITHER PARTY AGAINST THE OTHER PARTY, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS OR OTHERWISE. 
 27.4 MSV is subject to civil and commercial law with respect to its obligations hereunder, and the execution, delivery and performance of this Contract by MSV constitute private and commercial acts rather than public
or governmental acts. Neither MSV nor any of its property has any immunity from jurisdiction of any court or from set-off or any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution,
execution or otherwise) under applicable law. 
 ARTICLE 28 
 WAIVER OF BREACH 
 The failure of either Party, at any time, to require performance of the other
Party of any provision of this Contract shall not waive the requirement for such performance at any time thereafter. 
 ARTICLE 29 

 ASSIGNMENT 
 This Contract shall not be
transferred, assigned in full or in part, as security or otherwise, or delegated to any other individual, firm, institution, organization or government agency by either Party without the prior written consent of the other Party. Consent to
assignment or delegation by either Party shall not be unreasonably delayed or withheld. Any attempted assignment or delegation, without such consent, shall be void and without effect. Any permitted assignment or delegation shall not act to release a
Party from its obligations under this Contract unless the consent to assignment or delegation from the other Party specifically provides for such release. Notwithstanding the foregoing and subject to all applicable laws and regulations including
United States Export laws, regulations and licenses, including restrictions relating to dealing with prohibited country entities under the International Traffic in Arms (“ITAR”) Section 126, either Party may assign or transfer this
Contract and all of its rights and obligations hereunder to: (1) a U.S. parent, wholly owned subsidiary or affiliate, or (2) to any person, firm, corporation or legal entity which at any time, whether by merger, acquisition, amalgamation,
purchase or otherwise shall acquire all or substantially all of the assets of the assigning Party provided that: (i) the Assignee shall assume all obligations under this Contract and shall be able to confirm it has a financial profile
the same as, or better than, the Party so Assigning; and (ii) where the Assignee is a direct competitor of the remaining contracting Party the requirements as to Consent to Assignment set out in the first two sentences of this Article 29 shall
apply. 
  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 ARTICLE 30 
 ORDER OF PRECEDENCE 
 In the event of any conflict among the various portions of this Contract, the following order
of precedence shall prevail: 
  

					
	1.	  	Articles 1 through 34
			
	2.	  	Exhibit 2 –	 	Proton Interface Control Document for the MSV Launch Services Program (when signed by the Parties)
		  		 
	3.	  	Exhibit 1 –	 	Proton Launch Services Statement of Work for the MSV Launch Services Program, dated 24 April 2007, Document No. ILSB-0612-1364,
		  		 
		
	4.	  	 All   other Exhibits to this Contract.

 ARTICLE 31 
 ENTIRE AGREEMENT 
 This Contract, including the Exhibits hereto, constitutes the entire agreement and understanding
between the Parties. No other promises or representations, either verbal or written, with the exception of duly executed subsequent written modifications to the Contract shall have any force or effect in regard to the contractual obligations of the
Parties herein. 
 ARTICLE 32 
 SEVERABILITY 
 The invalidity, unenforceability or illegality of any provision hereto shall not affect the validity or enforceability of the
other provisions of this Contract, which provisions shall remain in full force and effect. 
 ARTICLE 33 
 TITLES AND HEADINGS 
 Titles and headings to Articles,
paragraphs and tables in this Contract are provided for convenience of reference only and shall not affect the meaning or interpretation of this Contract. 
 ARTICLE 34 
 SURVIVAL 
 Notwithstanding any other provision to the contrary, and in addition to any other provision in this Contract stated to survive the termination or expiration of this Contract, the provisions contained in Paragraphs
4.4, 12.2, 13.7, Article 22, Article 23, and Article 27 shall survive the termination or expiration of this Contract. 
  

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 ILS International Launch Services, Inc. Proprietary Information 
  

 IN WITNESS WHEREOF, the Parties hereto have executed this Contract as of the day and year first above written:

  

									
	For MSV	 	 	 	For Contractor
			
	Mobile Satellite Ventures LP	 	 	 	ILS INTERNATIONAL LAUNCH SERVICES, INC.
	By its General Partner, Mobile Satellite	 		 	
	Ventures GP Inc.	 		 	
					
	By:	 	 /s/ Alexander H. Good
	 		 	By:	 	 /s/ Wendy Mihalic

	Name:	 	Alexander H. Good	 		 	Name:	 	Wendy Mihalic
	Title:	 	President and CEO	 		 	Title:	 	Vice President, Marketing and sales
					
	Date:	 	5/11/2007	 		 	Date:	 	5/11/2007

  

 28Contract for Launch Services, dated as of May 11, 2007

 Exhibit 10.2

 
 5/11/07 
 EXECUTION VERSION 
  

 CONTRACT 
 # SLC-MSV-C-07030 
 FOR 
 LAUNCH SERVICES 
 BETWEEN 
 SEA LAUNCH LIMITED PARTNERSHIP 
 Acting
through its General Partner 
 SEA LAUNCH COMPANY, L.L.C. 
 AND 
 Mobile Satellite Ventures LP 
 By its General Partner 
 Mobile Satellite Ventures GP Inc. 

					
		  	  
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 TABLE OF CONTENTS 
  

							
	 ARTICLE 1
	 	—	 	DEFINITIONS	  	4
	 ARTICLE 2
	 	—	 	CONTRACTUAL DOCUMENTS	  	8
	 ARTICLE 3
	 	—	 	SERVICES TO BE PROVIDED BY SEA LAUNCH	  	8
	ARTICLE 4	 	—	 	CONTRACT PRICE	  	9
	 ARTICLE 5
	 	—	 	PAYMENTS	  	10
	 ARTICLE 6
	 	—	 	LAUNCH SCHEDULE	  	11
	 ARTICLE 7
	 	—	 	LAUNCH POSTPONEMENTS	  	13
	 ARTICLE 8
	 	—	 	EXCUSABLE DELAYS	  	15
	 ARTICLE 9
	 	—	 	OBLIGATIONS BEFORE AND AFTER LAUNCH	  	16
	 ARTICLE 10
	 	—	 	COMMUNICATION and COORDINATION BETWEEN SEA LAUNCH and MSV	  	18
	 ARTICLE 11
	 	—	 	PERMITS AND APPROVALS	  	19
	 ARTICLE 12
	 	—	 	TITLE TO PROPERTY	  	19
	 ARTICLE 13
	 	—	 	REPLACEMENT LAUNCH	  	20
	 ARTICLE 14
	 	—	 	TERMINATION	  	21
	 ARTICLE 15
	 	—	 	RISK ALLOCATION	  	24
	 ARTICLE 16
	 	—	 	PROPRIETARY DATA	  	28
	 ARTICLE 17
	 	—	 	RIGHTS TO INVENTIONS AND DATA	  	30
	 ARTICLE 18
	 	—	 	CHANGES	  	30
	 ARTICLE 19
	 	—	 	ASSIGNMENT	  	31
	 ARTICLE 20
	 	—	 	PUBLIC RELEASE OF INFORMATION	  	31
	 ARTICLE 21
	 	—	 	DISPUTE SETTLEMENT	  	31
	 ARTICLE 22
	 	—	 	APPLICABLE LAW	  	32
	 ARTICLE 23
	 	—	 	SEVERABILITY	  	32
	 ARTICLE 24
	 	—	 	WAIVERS	  	32
	 ARTICLE 25
	 	—	 	HEADINGS AND NUMBERS	  	32
	 ARTICLE 26
	 	—	 	ENTIRE AGREEMENT	  	32

  
 PORTIONS OF THIS EXHIBIT MARKED BY AN (***)
HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

					
		  	  
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 CONTRACT FOR LAUNCH SERVICES 
 This Contract for Launch Services (“Contract”) is made and entered into by and between Sea Launch Limited Partnership, an exempted limited
partnership organized under the laws of the Cayman Islands acting through its General Partner, Sea Launch Company, L.L.C., a United States limited liability company organized under the laws of the State of Delaware (“Sea Launch”) and
having offices One World Trade Center, Suite 950, Long Beach, California 90831-0950; and Mobile Satellite Ventures LP, a limited partnership organized under the laws of Delaware MSV, (“MSV”), and having offices at 10802 Parkridge
Boulevard, Reston, Virginia 20191. 

					
		  	  
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 ARTICLE 1 — DEFINITIONS 
 The terms used in the Contract shall have the following definitions: 
  

	1.1	Assembly and Command Ship or “ACS” means the ship, “Commander”, which serves as the facility for assembly, processing and checkout of the Launch Vehicle;
houses the launch control center; acts as the base for tracking the initial ascent of the Launch Vehicle; and provides accommodations for marine and launch crews. 

  

	1.2	Business Day means any calendar Day other than the following: a Saturday, Sunday, and any other Day on which national banks are authorized to be closed in New York City, New
York. 

  

	1.3	Contract means this Contract as defined in Article 2, Contractual Documents. 

  

	1.4	Constructive Total Failure means a Constructive Total Loss of the Spacecraft due to performance of the Launch Vehicle. 

  

	1.5	Constructive Total Loss shall mean the Spacecraft has lost more than seventy-five percent (75%) of its communications capability or more than seventy-five percent
(75%) of its anticipated life, provided, however, that the meaning assigned to the term “Constructive Total Loss” in MSV’s policy of Launch and In-Orbit Insurance, if any, in place at the time of Launch shall take precedence over
this definition. MSV shall promptly provide a copy of such definition to Sea Launch after the issuance of such policy of Launch and In-Orbit Insurance, if any. 

  

	1.6	Day means a calendar day unless otherwise indicated. 

  

	1.7	Effective Date of Contract or “EDC” means the date of last signature of this Contract by an authorized representative of Sea Launch or MSV.

  

	1.8	Excusable Delay shall have the meaning set forth in Article 8, Excusable Delays. 

  

	1.9	Home Port means the payload processing area and surrounding facilities for the loading and unloading of the Launch Vehicle and Spacecraft on the Assembly and Command Ship and
the Launch Platform. 

  

	1.10	Intentional Ignition means, with respect to the Spacecraft, the time in the ignition process for the purpose of Launch that coincides with the opening of the fuel valve to
gas generator, occurring at approximately L-3.4 seconds, for ignition of the Launch Vehicle first stage main engine. 

  

	1.11	Interface Control Document or “ICD” means the mutually agreed document that defines in detail the interface between the MSV provided Spacecraft system (including
support equipment) and the Launch Vehicle system (including facilities and support equipment) for the specific mission. 

					
		  	  
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	1.12	Launch means the Intentional Ignition of the first stage engine of the Launch Vehicle followed by either: (i) release of the hold-down restraints and breaking of the
break wire indicating that the launch vehicle has left the launch pad; or, (ii) the subsequent intentional or unintentional destruction of the launch vehicle after release of the hold down restraints, but prior to the break wire breaking. A
Launch is deemed not to have occurred in the event of a Terminated Ignition. Notwithstanding anything to the contrary in the Contract, a Launch is deemed to have occurred even if there is a Total Failure, Total Constructive Failure or partial
failure of the Launch Vehicle. 

  

	1.13	Launch Activities means the activities carried out by either Party or the Related Third Parties of either Party in connection with Licensed Launch Activities and shall
include all Launch and pre-launch ground and sea activities beginning with the arrival of the Launch Ready Spacecraft at Home Port and ending with departure of all property and personnel of MSV and its Related Third Parties from Home Port.

  

	1.14	Launch and In-Orbit Insurance means insurance covering the risks of Launch and the risks of in-orbit failures with respect to Partial Loss, Constructive Total Loss and Total
Loss of the Spacecraft. 

  

	1.15	Launch Base means the Sea Launch Launch Platform from which the Launch will take place, as well as the Assembly and Command Ship from which Launch operations will be directed
and monitored. 

  

	1.16	Launch Day means the calendar Day within the Launch Slot established for the Launch pursuant to the Contract. 

  

	1.17	Launch Opportunity means the availability of a position in the Sea Launch manifest for the Launch of the Spacecraft, based upon these criteria: (i) adequate time and
resources to make the necessary preparations for the Launch; and (ii) existing commitments to other Sea Launch customers. 

  

	1.18	Launch Period means a period of time of not less than ninety (90) Days within the Launch Semester during which the Launch will occur. 

  

	1.19	Launch Platform or “LP” means the marine platform, “Odyssey”, from which the Launch is conducted. 

  

	1.20	Launch Ready Spacecraft means: (i) all Spacecraft manufacturing, testing and verification is complete with all manufacturing and test anomaly corrective actions closed;
(ii) The Spacecraft has no open recalls on its components or subsystems; (iii) All payload interfaces, environments and loads are compatible with the Zenit 3 SL launch vehicle as established during the mission integration process;
(iv) Customer has approved delivery of the Launch Ready Spacecraft to Home Port for Launch. 

  

	1.21	Launch Schedule means the then current Launch Semester, Launch Period or the then current Launch Slot or Launch Day, if established. 

  

	1.22	Launch Semester means a period of time not less than one hundred eighty (180) Days as established in Article 6, Launch Schedule, during which the Launch will occur.

					
		  	  
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	1.23	Launch Services means the services to be provided by Sea Launch set forth in Article 3, Services to be provided by Sea Launch. 

  

	1.24	Launch Site means the geographic location on the equator from which the Launch will take place; specifically, 0 degrees N latitude, 154 degrees W longitude.

  

	1.25	Launch Slot means a thirty (30) Day period of time within the Launch Period during which the Launch will occur. 

  

	1.26	Launch Vehicle means the expendable launch vehicle Zenit 3SL, utilized by Sea Launch to perform the Launch of the Spacecraft. 

  

	1.27	Launch Vehicle Performance means: 

  

	 	(i)	the environmental conditions experienced by the Spacecraft as measured and recorded by Sea Launch via telemetry. Sea Launch uses the measurements to ascertain compliance with the
environments agreed to by the Parties in the “Sea Launch to Spacecraft Interface Control Document (ICD)”; and 

  

	 	(ii)	if applicable, the functional interface between the Launch Vehicle and the Spacecraft as measured and recorded by Sea Launch via telemetry. Sea Launch uses such measurements to
ascertain compliance with the functional interface requirements agreed to by the Parties in the “Sea Launch to Spacecraft Interface Control Document (ICD)”; and 

  

	 	(iii)	the Spacecraft injection orbit parameters as measured and recorded by Sea Launch via telemetry. Sea Launch uses the measurements to ascertain compliance with the injection orbit
parameters as agreed to by the Parties in the “Sea Launch to Spacecraft Interface Control Document (ICD)”. 

  

	1.28	Launch Window means a specific daily time period or periods within each of one or more potential Launch Days during which the Launch can occur to meet mission requirements.

  

	1.29	Legal Bank Holiday means any Day on which United States national banks are authorized to be closed in New York City, New York, USA. 

  

	1.30	Licensed Launch Activities means the Launch of a Launch Vehicle as defined in the launch license issued to Sea Launch by the Office of the Associate Administrator for
Commercial Space Transportation (or any successor agency thereto) to conduct Launch Services, and shall include all activities carried out pursuant to such license wherever performed (whether in the U.S. or elsewhere). 

  

	1.31	Partial Loss shall have the meaning ascribed to the term “Partial Loss” in MSV’s Launch and In-Orbit Insurance policy in place at the time of the Launch, if
any. 

  

	1.32	Party or Parties means Sea Launch or MSV or both depending on the context. 

  

	1.33	Post Launch Services means the reports and range services as defined in the Statement of Work that are to be provided by Sea Launch to MSV after Launch.

					
		  	  
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	1.34	RESERVED 

  

	1.35	RESERVED 

  

	1.36	Related Third Parties means any of the following parties, but in each case only if such party is involved in Licensed Launch Activities: 

  

	 	(i)	Employees, directors, officers or agents of Sea Launch and MSV, including their affiliates, parents or partner entities; 

  

	 	(ii)	Customers of Sea Launch and the employees of those customers; 

  

	 	(iii)	Contractors and subcontractors at any tier of Sea Launch or MSV and the employees of those contractors and subcontractors; and 

  

	 	(iv)	Any party with a financial interest in Sea Launch, MSV, the Launch Vehicle, or the Spacecraft. 

  

	1.37	Replacement Launch shall have the meaning set forth in Article 13.1. 

  

	1.38	Scientific Mission shall mean a Launch of another satellite which can only be launched during specific time windows to achieve its mission objective.

  

	1.39	Spacecraft means the hardware supplied by MSV to, and accepted by, Sea Launch in support of a wholly commercial MSV-2 satellite mission (no military use or purpose) for
Launch by Sea Launch pursuant to the Contract and which is compatible with the Launch Vehicle. 

  

	1.40	Statement of Work or “SOW” means the effort described in Exhibit [1] of this Contract. 

  

	1.41	Terminated Ignition means following Intentional Ignition the first stage engine of the Launch Vehicle has been shut down for any reason before release of the hold down
restraints and after Sea Launch officially declares the LP safe. 

  

	1.42	Termination Liability shall have the meaning set forth in Article 14, Termination. 

  

	1.43	Third Party means any individual or legal entity other than the Parties or Related Third Parties. 

  

	1.44	Total Failure means a Total Loss of the Spacecraft due to performance of the Launch Vehicle. 

  

	1.45	Total Loss shall mean the complete loss, complete destruction or complete failure of the Spacecraft that is mated with the Launch Vehicle, provided, however, that the meaning
assigned to the term “Total Loss” in MSV’s policy of Launch and In-Orbit Insurance in place at the time of Launch, if any, shall take precedence over this definition. MSV shall promptly provide a copy of such definition to Sea Launch
after the issuance of such policy of Launch and In-Orbit Insurance, if any. 

					
		  	  
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 ARTICLE 2 — CONTRACTUAL DOCUMENTS 
  

	2.1	This Contract shall consist of the following documents: 

  

	 	2.1.1 	The cover page, the table of contents, the page entitled “Contract for Launch Services” and the General Provisions, Articles 1 through 26, as may be amended, of this
Contract; 

  

	 	2.1.2 	The Interface Control Document at the time of its release, which release may be subsequent to the release of the Statement of Work; 

  

	 	2.1.3 	The Statement of Work. 

  

	2.2	The term “Contract Documents” shall mean the documents listed in Article 2.1. Each of the Contract Documents is an essential part of the binding agreement between the
Parties. The Contract Documents are intended to be complementary and to describe and provide for a complete agreement. In the event of any conflict among the Contract Documents, the order of precedence shall be the sequential order listed in Article
2.1 above. 

 ARTICLE 3 — SERVICES TO BE PROVIDED BY SEA LAUNCH 
  

	3.1	Sea Launch shall provide Launch Services for the Launch of the MSV-2 Spacecraft to be provided by the Spacecraft manufacturer designated by MSV in accordance with the Statement of
Work for the specific Launch. Except for Post Launch Services as specified herein, Launch Services provided under the Contract shall be deemed to have been completed upon Launch. 

  

	 	3.1.2 	MSV may launch the MSV-1 satellite in lieu of the MSV-2 Spacecraft to be Launched under this Contract, pursuant to the then-current Launch Schedule, only under the following terms
and conditions: 

  

	 	a)	The MSV-1 satellite shall be a Boeing Satellite Systems, Inc. model 702 spacecraft substantially similar to the MSV-2 Spacecraft; and 

  

	 	b)	The MSV-1 satellite shall conform to the parameters and constraints set forth in the Sea Launch User’s Guide current at EDC; and 

  

	 	c)	The technical requirements of the MSV-1 satellite shall conform to the Contract Statement of Work and Interface Control Document; and 

  

	 	d)	Should MSV’s decision to substitute the MSV-2 Spacecraft with the MSV-1 satellite result in an impact(s), additional costs and/or expenses being incurred by Sea Launch, then
Sea Launch shall be entitled to an equitable adjustment to the Contract. Sea Launch’s claim for such equitable adjustment shall be proposed and handled as a change order in accordance with Article 18.2 of this Contract; and

  

	 	e)	 The full and effective implementation of the MSV-1 satellite into the Contract shall be memorialized by written amendment to the Contract which must occur on

					
		  	  
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or before Launch minus twelve months pursuant to the Launch Semester (“L-12”) specified in Section 6.1 (“Required Amendment Date”).
Accordingly, MSV’s written change request, provided to Sea Launch in accordance with Article 18.2, to substitute the MSV-2 Spacecraft with the MSV-1 satellite, written certification that the MSV-1 satellite meets all of the criteria set forth
in this Article 3.1.2, and any other information or data required by the Statement of Work, shall be provided to Sea Launch in writing within a reasonable time before the Required Amendment Date. 

  

	3.2	Each of the Launch Services to be provided by Sea Launch under this Contract shall include one (1) round trip transit of the Assembly and Command Ship (“ACS”) and
Launch Platform (“LP”) between Home Port and the Launch Site. To the extent that Sea Launch requests or experiences a postponement attributable to Sea Launch after the departure of the ACS and the LP from Home Port, Sea Launch will bear
any additional Sea Launch costs related to the delay including a vessel’s(s’) transit between Home Port and the Launch Site. If after departure of either vessel, MSV requests or experiences a postponement attributable to MSV or MSV’s
Spacecraft that results in a vessel’s(s’) return to Home Port, or any other effort Sea Launch is required to provide as a result of such postponement, Sea Launch shall incur additional costs and expenses and shall therefore be entitled to
an equitable adjustment to the Contract which shall not exceed (***). Such postponements shall be considered a change under the Contract and subject to Article 18, Changes. Any postponement(s) hereunder shall be handled in accordance with Article 7,
Launch Postponements. 

 ARTICLE 4 — CONTRACT PRICE 
  

	4.1	The Contract price is as follows for a Launch Service to be provided during the Launch Semester of (***), 2010 through (***), 2010 in accordance with the rights and privileges of
each Party under this Contract: 

  

			
	 Launch Service
	  	 Contract Price

	MSV-2	  	$85,750,000.00

  

	4.2	RESERVED 

  

	4.3	The Launch Services price(s) set forth above include all taxes, duties and other levies imposed on any Sea Launch furnished service or materials by the U. S. Government and/or any
political subdivisions thereof; but exclude any taxes, duties, or other levies that may be imposed on any MSV-furnished Spacecraft, support equipment, or material used in the transportation of MSV-furnished Spacecraft or support equipment. Any
taxes, duties, or other levies imposed on any MSV-furnished Spacecraft, support equipment, or material used in the transportation of MSV-furnished Spacecraft or support equipment that become the obligation of Sea Launch to pay, will be reimbursed by
MSV to Sea Launch within thirty (30) Days of the date of the invoice. 

					
		  	  
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 ARTICLE 5 — PAYMENTS 
  

	5.1	MSV shall incrementally pay the Contract Price in U.S. dollars in accordance with the following terms: 

  

					
	 Payment Due Date
	  	Incremental Payments %
of Contract Price	 	Cumulative Payments
% of Contract Price
	 (***)
	  	 (***)
	 	 (***)

	 (***)
	  	 (***)
	 	 (***)

	 (***)
	  	 (***)
	 	 (***)

	 (***)
	  	 (***)
	 	 (***)

	 (***)
	  	 (***)
	 	 (***)

	 (***)
	  	 (***)
	 	 (***)

	 (***)
	  	 (***)
	 	 (***)

	 (***)
	  	 (***)
	 	 (***)

	 (***)
	  	 (***)
	 	 (***)

	 (***)
	  	 (***)
	 	 (***)

 NOTE: For payment purposes under this Article 5, “L” is defined as the first Day of the applicable
Launch Schedule. 
  

	5.2	Sea Launch shall submit invoices to MSV thirty (30) Days in advance of the scheduled due date for all payments other than the initial payment. For the initial payment, Sea
Launch shall submit an invoice to MSV on EDC. If the due date falls on a Saturday, Sunday, or Legal Bank Holiday, payment is due on the following Business Day. (***) 

  

	5.3	Payment shall be made by electronic bank transfer, free of charge to Sea Launch, in the amount specified in the invoice and pursuant to the instructions contained in the invoice.

 Payment shall be deemed to have been made when credit for the payable amount has been received in Sea Launch’s
designated bank account. 
  

	5.4	In the event payment has not been received by Sea Launch by the due date, or has been received in part only, MSV shall pay Sea Launch interest on any unpaid amount (***).

  

	5.5.	Effect on Payment in the Event of Postponement or Excusable Delay 

  

	 	5.5.1 	 In the event of postponement by Sea Launch pursuant to Article 7.2, the payments shall be suspended for the duration of the postponement, and then resumed with all
remaining payments shifted to coincide with the revised Launch Schedule. (***) 

					
		  	  
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	 	5.5.2 	In the event of postponement by MSV pursuant to Article 7.1, the payments must continue according to the then-current payment schedule. (***) 

 ARTICLE 6 — LAUNCH SCHEDULE 
  

	6.1	The Launch of the Spacecraft shall take place during the following Launch Semester: 

  

			
	 Launch
	  	 Launch Semester

	MSV-2	  	(***), 2010 through (***), 2010

  

	6.2	Sea Launch shall submit a proposed Launch Period to MSV (***) prior to the first Day of the Launch Semester identified in 6.1 above. MSV shall respond to such proposal within
fourteen (14) Days of the proposal. The Launch Period shall be determined by mutual agreement of the Parties (***) prior to the first Day of the established Launch Semester based on the availability of Launch Opportunities.

  

	6.3	Sea Launch shall submit a proposed Launch Slot to MSV (***) prior to the first Day of the established Launch Period. MSV shall respond to such proposal within fourteen
(14) Days of the proposal. The Launch Slot shall be determined by mutual agreement of the Parties (***) prior to the first Day of the established Launch Period based on the availability of Launch Opportunities. 

  

	6.4	Sea Launch shall submit a proposed Launch Day to MSV (***) prior to the first Day of the established Launch Slot. MSV shall respond to such proposal within fourteen (14) Days
of the proposal. The Launch Day shall be determined by mutual agreement of the Parties (***) prior to the first Day of the Launch Slot based on the availability of Launch Opportunities. Upon commitment to a Launch Day, MSV shall deliver the
satellite to the Sea Launch Home Port no earlier than (***) Days prior to the Launch Day and no later than (***) Days prior to the Launch Day. 

  

	6.5	The Launch Window shall be determined by mutual agreement of the Parties no later than (***) Days prior to the established Launch Day based on the availability of Launch
Opportunities. 

  

	6.6	 The following launch manifest guidelines shall govern the establishment of Launch Schedule priorities between Sea Launch, MSV, and third party customers of Sea
Launch, 

					
		  	  
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excluding any commitments or obligations of Sea Launch prior to the Effective Date of this Contract: 

  

	 	6.6.1 	In the event of a postponement by Sea Launch, for any reason, the launching order remains in effect as of the date of Sea Launch’s postponement, excluding the following:

  

	 	(i)	Scientific Missions shall not be postponed; 

  

	 	(ii)	reflight or R(r)eplacement L(l)aunches due to a T(t)otal F(f)ailure or C(c)onstructive T(t)otal F(f)ailure shall be initially scheduled on a priority basis. After the initial
scheduling procedure, a reflight or R(r)eplacement launch shall maintain its position in the launching order and shall be treated as a standard L(l)aunch S(s)ervice for any subsequent postponement(s) by Sea Launch. 

  

	 	6.6.2 	In the event of a scheduling conflict between two or more customers arising during the process of establishing an initial L(l)aunch S(s)chedule due to overlapping L(l)aunch
S(s)chedules, the Sea Launch customer with the earlier C(c)ontract effectivity date (i.e. C(c)ontract award date or option exercise date) shall have precedence. 

  

	 	6.6.3 	In the event of a scheduling conflict arising during the process of establishing a revised L(l)aunch S(s)chedule due to a postponement in the planned delivery of the S(s)pacecraft
to Home Port, or postponement to the date specified in Article 6.4 by MSV, or due to a postponement by any other Sea Launch customer, the Sea Launch customer (i.e. MSV or third party customer) initially scheduled for the L(l)aunch P(p)eriod,
L(l)aunch S(s)lot, or L(l)aunch D(d)ay shall have precedence. 

  

	 	6.6.4 	When establishing a Launch Period, Launch Slot or Launch Day (pursuant to Articles 6.2, 6.3, and 6.4 above, respectively), in the event that mutual agreement cannot be achieved, Sea
Launch shall determine the Launch Period, Launch Slot or Launch Day in accordance with its manifest guidelines and operational commitments. 

  

	6.7	MSV shall notify Sea Launch a minimum of thirty (30) Days prior to the date of delivery of the Launch Ready Spacecraft to Home Port. If MSV fails to deliver the Launch Ready
Spacecraft within the period specified in Article 6.4 and in accordance with the notification required in this paragraph, Sea Launch may, depending on manifest constraints, treat the late delivery of the Spacecraft or the inability to export the
Spacecraft within the same timeframe as a postponement by MSV in accordance with Article 7, Launch Postponements. Sea Launch places significant reliance upon MSV’s representation(s) that the Spacecraft delivered to Home Port is indeed a Launch
Ready Spacecraft and Sea Launch may suffer impacts should the Spacecraft delivered to Home Port not be a Launch Ready Spacecraft. Therefore, any claim(s) by Sea Launch relating to the above that is based upon MSV’s fraud, willful
misrepresentation or willful misconduct shall not be subject to any limitation of liability and Sea Launch shall have all of its rights and remedies available to it under applicable law. 

					
		  	  
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 ARTICLE 7 — LAUNCH POSTPONEMENTS 
  

	7.1	MSV may postpone the Launch Schedule for any reason by providing written notice of postponement. 

  

	 	7.1.1 	MSV must notify Sea Launch in writing as soon as MSV knows that it cannot maintain the established Launch Schedule. The notification shall include a proposed Launch Schedule that
MSV is ready and able to maintain. Upon submittal of the postponement notification, MSV relinquishes its postponed Launch Schedule on the Sea Launch manifest, and Sea Launch may, in its discretion, schedule another customer in the Launch Schedule
from which CUSTOMER has postponed. Within ten (10) Business Days of receipt of MSV’s notification of postponement, Sea Launch will either inform MSV that a Launch Opportunity is available in MSV’s requested Launch Schedule or will
propose an alternative Launch Schedule as close to the Launch Schedule requested by MSV as may be possible. If an alternative Launch Schedule is proposed by Sea Launch, MSV will, within ten (10) Days, respond by either accepting the alternative
Launch Schedule proposed by Sea Launch or by proposing another Launch Schedule. This process shall continue until the Parties come to agreement on the postponed Launch Schedule. However, if the Parties are unable to come to a mutual agreement within
forty (40) Days of the date of the initial written notice of postponement, Sea Launch shall make a determination based on its current manifest and in accordance with the launch manifest guidelines and provide a Launch Opportunity to the nearest
date proposed by MSV. 

  

	 	7.1.2 	Once the LP has departed Home Port for the Launch Site, any MSV postponement which results in a delay of the Launch or a return of the vessel(s) to Home Port shall result in
additional costs and expenses being incurred by Sea Launch which shall be proposed and handled as a change order in accordance with Article 18.3 of this Contract. 

  

	 	7.1.3 	In the event that a single postponement or cumulative postponements by MSV exceed (***), for a Launch, the exclusive right and remedy of Sea Launch shall be to re-price the Launch
Services for the postponed Launch using the following formula: 

  

	 	 7.1.3.1 
	 Pricing Formula: Should the Launch Schedule be postponed by MSV beyond the MSV (***) Postponement Period, the total
Contract price shall be increased by an amount equal to (***) of the total Contract price (***) for each (***), or portion of a (***), beginning with the (***) and ending with the (***). Thereafter, should MSV require an additional period of
postponement, MSV shall submit its requested extension in writing to Sea Launch and the Parties’ respective senior executive management will enter into good faith negotiations to extend the Launch Schedule on mutually agreeable terms and
conditions. Sea Launch may at its discretion exercise its exclusive right and remedy to either renegotiate the Contract, including without limitation price and terms, or terminate the Contract in accordance with Article 14.2.

					
		  	  
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	 	7.1.4 	If Sea Launch believes it is reasonably certain that MSV will postpone the Launch beyond the MSV (***) Postponement Period (***), Sea Launch may provide MSV with written notice
requesting a work-around plan and schedules verifying that the Launch Schedule will not be postponed beyond such postponement period. If (***) after Sea Launch provides such notice it is still reasonably certain that MSV will postpone the Launch
beyond the applicable postponement period, then Sea Launch may terminate the Launch Service in accordance with Article 14.2.2. Any dispute arising regarding whether a postponement exceeding the applicable postponement period is reasonably certain
shall be resolved in accordance with Article 21, Dispute Settlement. 

  

	7.2	Sea Launch may postpone the Launch Schedule for any reason by providing written notice of postponement. 

  

	 	7.2.1 	In the event of problems affecting the Launch Vehicle or Launch Platform or its operations, Sea Launch will provide a written notice of postponement of the Launch Schedule as soon
as Sea Launch knows that a Launch Opportunity within the Launch Schedule will not be available due to such delay or problems. Sea Launch will propose a new Launch Schedule within the postponement notice. Within ten (10) Days of the receipt of
the Sea Launch notification, MSV will either accept the alternative Launch Schedule proposed by Sea Launch or will propose another Launch Schedule. This process shall continue until the Parties come to agreement on the postponed Launch Schedule.
However, if the Parties are unable to come to a mutual agreement within forty (40) Days of the date of the initial notice of postponement, Sea Launch shall make a determination based on its current manifest and in accordance with the launch
manifest guidelines and provide a Launch Opportunity to the nearest date proposed by MSV. 

  

	 	7.2.2 	In the event that a single postponement or cumulative postponements by Sea Launch exceed (***), and Sea Launch notifies MSV in writing of its election of the Sea Launch (***)
Postponement Period, the exclusive right and remedy of MSV shall be to re-price the Launch Services for the postponed Launch using the formula set forth in Article 7.2.2.1 below. However, should Sea Launch not elect the Sea Launch (***) Postponement
Period, the exclusive right and remedy of MSV shall be either renegotiation of the Contract, including price and terms, or termination of the Contract in accordance with Article 14.1.2. 

  

	 	7.2.2.1 	 Pricing Formula: Should the Launch Schedule be postponed by Sea Launch beyond twelve months, the total Contract price shall be decreased by an amount equal to (***)
of the total Contract price per (***) for each (***), or portion of a month, beginning with the (***) and ending with the (***). Should Sea Launch require an additional period of postponement, Sea Launch shall submit its requested extension in
writing to MSV and the Parties’ respective senior executive management will enter into good faith negotiations to extend the Launch Schedule on mutually agreeable 

					
		  	  
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terms and conditions. Thereafter, MSV may at its discretion exercise its exclusive right and remedy to either renegotiate the Contract, including without
limitation price and terms, or terminate the Contract in accordance with Article 14.1. 

  

	 	7.2.3 	If MSV believes it is reasonably certain that Sea Launch will postpone the Launch beyond the Sea Launch (***) Postponement Period (***), MSV may provide Sea Launch with written
notice requesting a work-around plan and schedules verifying that the Launch Schedule will not be postponed beyond such postponement period. If (***) after MSV provides such notice it is still reasonably certain that Sea Launch will postpone the
Launch beyond the (***) postponement period, then MSV may terminate the Launch Service in accordance with Article 14.1.2. Any dispute arising regarding whether a postponement exceeding the applicable postponement period is reasonably certain shall
be resolved in accordance with Article 21, Dispute Settlement. 

  

	7.3	The length of a postponement under this Article is measured from the first Day of the then current Launch Schedule existing at the time of the request for the postponement to the
first Day of the newly proposed Launch Schedule. Days during which an Excusable Delay exists, and which affect the Launch Schedule of the postponed Launch, are not included in determining the length of a postponement under this Article.

  

	 	7.3.1 	(***) 

 ARTICLE 8 — EXCUSABLE DELAYS 
  

	8.1	Neither Sea Launch nor MSV shall be liable to the other in the event of a delay in the performance of its obligations or commitments, and the date on which those obligations are to
be fulfilled shall be extended for a period of time equal to that caused by the delay when the delay is considered to be an Excusable Delay, that is due to causes beyond the control of Sea Launch or MSV as the case may be, and not due to their fault
or negligence in reasonably anticipating and avoiding such delays and not due to a breach of 

					
		  	  
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any material provision of this Contract. Such Excusable Delays also include the Excusable Delays of subcontractors when the item(s) or service(s) provided by
the subcontractor cannot be reasonably obtained from other sources. Such Excusable Delays shall include, but not be limited to: acts of God; fires; explosions; earthquakes; floods; epidemic; quarantine restrictions; any environmental
issue(s)interruptions of essential services such as electricity, natural gas, fuels and/or water; adverse weather or launch safety conditions that do not permit Launch; any condition which jeopardizes the safety of the employees of Sea Launch or MSV
or their subcontractors; acts (including delay or failure to act) of any governmental authority (de jure or de facto), embargoes, strikes or labor stoppages (other than, in the case of Sea Launch, by Sea Launch or any entities controlled by Sea
Launch, and in the case of MSV, by MSV or any entities controlled by MSV); wars; riots; revolutions, terrorism, and hijacking. Notwithstanding the foregoing, in no event will financial hardship or insolvency of a Party or any of its contractors or
subcontractors constitute an Excusable Delay. The Party impacted by an Excusable Delay shall endeavor to provide written notice to the other Party within ten (10) Days, however not later than thirty (30) Days, after the performance of the
Party claiming the Excusable Delay has been impacted by the occurrence of any such Excusable Delay. Any such notice shall contain an assessment of the impact on the Launch Schedule and the plans of the delayed Party for mitigating the impact of the
Excusable Delay. In the case of Sea Launch, such notice shall include a detailed description of the portion of the Launch Services known to be affected by such Excusable Delay. In the case of MSV, such notice shall include a detailed description of
the events or incidences causing such Excusable Delay and that portion of MSV’s operation known to be affected by such Excusable Delay. Each Party, in coordination with the other, shall use commercially reasonable efforts to avoid or minimize
and/or work around such delay through the implementation of any workaround plans, alternate sources, or other means the applicable Party may utilize to minimize a delay in performance of the Launch Services or other relevant requirement under this
Contract. A Party claiming an Excusable Delay shall provide the other Party prompt written notice when the event constituting the delay is resolved. 

  

	8.2	The inability of Sea Launch to perform due to any export control restrictions or due to any denial or delay of an export license, where Sea Launch used its commercially reasonable
efforts to obtain such license(s), shall be an Excusable Delay event. Any delays caused by a launch failure of a Sea Launch launch vehicle shall not constitute an Excusable Delay. Any delays effecting MSV’s timely payment in accordance with
Article 5 shall not constitute an Excusable Delay. 

 ARTICLE 9 — OBLIGATIONS BEFORE AND AFTER LAUNCH 
  

	9.1	Sea Launch shall provide to MSV and MSV shall provide to Sea Launch the data, hardware and services identified in the Statement of Work according to the schedules provided therein.
The data, hardware and services will be received in a condition suitable for their intended use as defined by the requirements of the Statement of Work. In the event that the data, hardware or services are not received according to their schedule or
requirements, and the non-availability will affect the Launch Schedule, the following procedure shall apply: 

					
		  	  
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	 	9.1.1 	The Party receiving or failing to receive the data, hardware or services shall promptly notify the other Party in writing including a statement of the discrepancy and recommended
solutions. The Party receiving the notification shall provide written direction to the other Party on how to proceed, considering the recommendations of the other Party, within seven (7) Days of the receipt of notice. 

 

	 	9.1.2 	The Party receiving or failing to receive the data, hardware or services shall use reasonable commercial efforts to continue its obligations under the Contract without affecting the
Launch Schedule. If, however, this is not possible despite the exercise of such efforts by the receiving Party, and the Launch Schedule is affected as a result of the failure of one Party to deliver the data, hardware or services in accordance with
the schedule or requirements of the Statement of Work, a Launch postponement shall be declared by the receiving Party and such delay shall be considered a delay under the appropriate provisions of Article 7, Launch Postponements by the Party
providing or failing to provide the data, hardware or services. 

  

	9.2	The Parties recognize that Sea Launch has no ability to alter the performance or in any way correct any defect in the Launch Vehicle after Launch. An agreement by MSV to conduct the
Launch, given at the final launch readiness review, shall constitute a waiver by MSV of any claim that the Launch Vehicle or Launch Services do not meet the requirements of the Statement of Work, or that the Launch Vehicle or Launch Services are not
otherwise suitable for their intended purpose. Except for Post Launch Services, the sole liability or obligation of Sea Launch for performance subsequent to Launch is to provide a replacement launch in accordance with Article 13, Replacement Launch.
This waiver of claims excludes claims based on fraud, willful misrepresentation or willful misconduct on the part of Sea Launch. 

  

	 	9.2.1 	At the final launch readiness review, Sea Launch shall provide a certificate to MSV stating that the Launch Vehicle conforms to the Statement of Work requirements.

  

	9.3	Sea Launch shall promptly provide MSV with written notification of any in-flight anomaly or failure of any of its launch vehicles occurring after the date of this Contract,
including any corrective actions to be implemented to prevent such reoccurrence of such anomaly or failure in future launch vehicles. Sea Launch will provide a summary of manufacture or performance non-conformances, as well as a summary of
“first flight items” as applicable in conjunction with the Launch minus forty-five Day (L-45) Hardware Acceptance Review. 

  

	9.4	Subject to applicable export, regulatory, confidentiality, security and/or safety limitations, MSV shall have access to Sea Launch’s Home Port and associated satellite
encapsulation area to witness major MSV-2 mission operations, Spacecraft specific activities, and/or to attend meetings as specified in the SOW. 

  

	9.5	Spacecraft Construction Milestones Not more than once per calendar quarter, Sea Launch shall be entitled to request the then-current master program Spacecraft schedule
from MSV, and MSV shall provide such complete and accurate schedule in writing to Sea Launch within ten (10) business days after each such request. 

					
		  	  
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 ARTICLE 10 — COMMUNICATION and COORDINATION BETWEEN SEA LAUNCH and MSV 
  

	10.1	All notices and communications between the Parties that are required or permitted under the Contract, in order to be given effect, shall be in writing and shall be addressed as
listed below. 

  

			
	For Technical Matters:	  	Sea Launch Company, L.L.C.
		  	One World Trade Center, Suite 950
		  	Long Beach, California 90831-0950
		  	Attention:   Director, Mission Integration
		  	 (currently John Steinmeyer)

		  	 Telephone:  562-499-4707

		  	 Fax:             562-499-4755

		
		  	Mobile Satellite Ventures LP
		  	10802 Parkridge Boulevard
		  	Reston, VA 20191
		  	Attention :  Vice President, Space Systems
		  	 (currently Robert Sorbello)

		  	 Telephone:  703-390-2742

		  	 Fax:             703-390-2778

		
	For Financial Matters	  	Sea Launch Company, L.L.C.
	(billing/invoices):	  	One World Trade Center, Suite 950
		  	Long Beach, California 90831-0950
		  	Attention:   Financial Accountant
		  	 (currently Judy Halbrook)

		  	 Telephone:  562-499-4718

		  	 Fax:             562-499-4755

		
		  	Mobile Satellite Ventures
		  	10802 Parkridge Boulevard
		  	Reston, VA 20191
		  	Attention:  Accounts Payable
		  	 Telephone:  703-390-2710

		  	 Fax:             703-390-2772

		
	All Notices to Sea Launch:	  	Sea Launch Company, L.L.C.
		  	One World Trade Center
		  	Suite 950
		  	Long Beach, California 90831-0950
		  	Attention:   Vice President, Contracts
		  	 (currently Chris O’Connell)

		  	 Telephone:  562-499-4784

		  	 Fax:             562-499-4755

					
		  	  
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	All Notices to Mobile Satellite Ventures LP
		 	10802 Parkridge Boulevard
		 	Reston, VA 20191
			
		 	Attention:	  	General Counsel
		 		  	(currently Ms. Randy Segal)
		 		  	 Telephone:
 Fax:
	  	 703-390-3718
 703-390-2778

  

	10.2	Sea Launch and MSV each shall designate a Mission Manager no later than one (1) month after the EDC. The task of each of the Mission Managers shall be to supervise and
coordinate the respective payload integration and mission analysis activities between the Parties. Neither Mission Manager is authorized to direct work contrary to the requirements of the Contract or to make modifications to the Contract. Each Party
may replace its Mission Manager provided the other Party has received notification in writing of such action. 

  

	10.3	All documentation, notices, reports and correspondence required pursuant to the Contract shall be submitted and maintained in the English language. All communication at the Home
Port and Launch Base between the Parties and with Related Third Parties and between the personnel of the Parties or Related Third Parties shall be in English. The Parties shall mutually agree upon standards for transliteration and translation of
non-English information. 

 ARTICLE 11 — PERMITS AND APPROVALS 
  

	11.1	Each Party is responsible for obtaining all necessary licenses, permits, approvals, and authorizations to perform its respective obligations under the Contract. Each Party agrees to
timely assist and support the other Party to the extent practicable, in obtaining such licenses, permits, approvals, and authorizations. 

 ARTICLE 12 — TITLE TO PROPERTY 
  

	12.1	MSV understands and agrees that at no time does MSV obtain title to or any ownership of or any other legal or equitable right or interest in or to any part of any Launch Vehicle, or
in any other property of Sea Launch, whether real or personal, tangible or intangible, including without limitation hardware used or furnished by Sea Launch in providing Launch Services under this Contract. Such property of Sea Launch shall be
considered between the Parties to be the property of Sea Launch. 

  

	12.2	Sea Launch understands and agrees that at no time does Sea Launch obtain title to or any ownership of or any other legal or equitable right or interest in or to the spacecraft of
MSV or any part thereof including without limitation hardware used or furnished in performing the obligations of MSV hereunder. Such property of MSV shall be considered between the Parties to be the property of MSV. 

					
		  	  
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 ARTICLE 13 — REPLACEMENT LAUNCH 
  

	13.1	Replacement Launch 

  

	 	13.1.1 	MSV may request a Replacement Launch in accordance with Article 13.1 in the event of a Total Failure or Constructive Total Failure or a Total Loss or Constructive Total Loss. In the
case of a Total Loss or Constructive Total Loss, the priority rights set forth in Article 6.6.1 as to scheduling the Replacement Launch are subject to any pre-existing commitment(s) or obligation(s) Sea Launch may have to a Third Party customer(s).

  

	 	13.1.2 	The request for a Replacement Launch must be in writing and received by Sea Launch (i) no later than (***) after the Launch which resulted in a Total Loss or Constructive Total
Loss, or (ii) no later than (***) after the determination by the Sea Launch failure review board, as set forth in Article 13.1.8, of a Total Failure or Constructive Total Failure. The request shall indicate the Launch Semester desired for the
Replacement Launch., and such Launch Semester shall commence no later than (***) from the date of the request which will provide MSV sufficient time to contract for a new Spacecraft. 

  

	 	13.1.3 	Sea Launch shall inform MSV, after receipt of the request, if a Launch Opportunity exists in the requested Launch Semester. If a Launch Opportunity does not exist in the requested
Launch Semester, the Parties will negotiate in good faith to reach a mutually acceptable Launch Semester. 

  

	 	13.1.4 	Any agreement reached by the Parties on a Replacement Launch shall be in writing. The Replacement Launch shall be provided in accordance with the terms and conditions of the
Contract. 

  

	 	13.1.5 	The configuration and mission requirements of the spacecraft selected by MSV for the Replacement Launch shall be substantially similar to the Spacecraft in regards to spacecraft
configuration or scope of integration. In the event of differences between the Replacement Launch spacecraft and the Spacecraft resulting in a change in the scope of work, MSV and Sea Launch shall negotiate appropriate Contract amendments to cover
reasonable costs and/or schedule adjustments, if any. 

  

	 	13.1.6 	MSV shall pay Sea Launch the same price for the Replacement Launch as paid for the Launch declared a Total Failure, Constructive Total Failure, Total Loss or Constructive Total
Loss, subject to escalation at a rate of (***) per year (with partial years calculated using an escalation rate of (***) per month) calculated from the first Day of the Launch Semester established at the time of Contract award to the first Day of
the Launch Semester agreed upon by the Parties in accordance with Article 13.1.3. 

  

	 	13.1.7 	 MSV shall make payment for the Replacement Launch in accordance with the payment schedule set forth in Article 5, Payments. MSV shall make the initial payment at
the time of the written agreement establishing the Launch Semester of 

					
		  	  
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the Replacement Launch in accordance with Article 13.1.3. The initial payment shall include all past due sums. 

  

	 	13.1.8 	The Sea Launch failure review oversight board shall make a written proposal as to whether a Total Failure or a Constructive Total Failure is primarily attributable to the
performance of the Launch Vehicle. Thereafter, the Parties shall attempt to mutually agree upon whether a Total Failure or a Constructive Total Failure is primarily attributable to the performance of the Launch Vehicle. The failure review board
shall consist of people appointed by Sea Launch who have sufficient technical expertise to assess the alleged failure and its cause. MSV may have representation on the failure review oversight board but such representation shall be limited to data
review, consultation, and recommendation only. 

  

	 	13.1.9 	The remedies set forth in this Article 13.1 shall constitute the sole and exclusive remedies of MSV for Total Failure, Constructive Total Failure, Total Loss or Constructive Total
Loss except in the event of acts of fraud, willful misrepresentations or willful misconduct on the part of Sea Launch. 

 ARTICLE 14 —
TERMINATION 
  

	14.1	The rights of MSV to terminate the Contract or any Launch under the Contract, and the available remedies, are limited to the following: 

  

	 	14.1.1 	Prior to Launch, MSV may terminate for convenience any Launch under the Contract for any reason. Sea Launch will be entitled to retain, as liquidated damages and not as a penalty,
the amount specified in the following table as of the date of the termination of the applicable Launch(es). Within (***) of the date of the termination, Sea Launch will refund the balance, if any, of all payments made for the Launch terminated which
are in excess of the applicable liquidated damages amount. 

 Termination Liability 
  

			
	 Date of MSV Termination
 (For Convenience)
	  	 Termination Liability
 (% of Contract Price)

	EDC through “one Day before” Launch Minus Twenty-one Months (“L-21”)	  	(***)% fixed
	L-21 through Launch Minus Eighteen Months (“L-18”)	  	(***)% at L-21 linearly increasing to (***)% at L-18
	L-18 through Launch Minus Fifteen Months (“L-15”)	  	(***)% at L-18 linearly increasing to (***)% at L-15
	L-15 through Launch Minus Twelve Months (“L-12”)	  	(***)% at L-15 linearly increasing to (***)% at L-12
	L-12 through Launch Minus Nine Months (“L-9”)	  	(***)% at L-12 linearly increasing to (***)% at L-9
	L-9 through Launch Minus Six Months (“L-6”)	  	(***)% at L-9 linearly increasing to (***)% at L-6
	L-6 through Launch Minus Three Months (“L-3”)	  	(***)% at L-6 linearly increasing to (***)% at L-3
	L-3 through Launch	  	(***)% at L-3 linearly increasing to (***)% at Launch

					
		  	  
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	 	14.1.2 	If MSV elects to terminate for excessive postponement under Article 7, Launch Postponements, (***). The right of MSV to terminate under this paragraph is conditioned upon receipt by
MSV of a written notification of a Launch postponement or cumulative postponements by Sea Launch exceeding (***), and as set forth in Articles 7.2.2 and/or 7.2.3. MSV must terminate within (***) of receipt of such written notification of excessive
postponement or thereby waives its right to terminate the postponed Launch under this paragraph unless further postponed by Sea Launch. 

  

	 	14.1.3 	If the Sea Launch launch immediately preceding MSV’s scheduled Launch is a Total Failure, MSV may, by written notice to Sea Launch, elect to terminate the Launch Services under
this Contract in accordance with Article 14.1.1 above. 

  

	 	14.1.4 	(***) 

  

	 	14.1.5 	If MSV brings any claim for material breach prior to Launch, other than for a Launch Schedule postponement and other than MSV’s claim based on fraud, willful misrepresentation
or willful misconduct by Sea Launch, the exclusive remedy of MSV shall be termination of the Launch and refund of an amount up to the total of all payments made for the terminated Launch. 

  

	 	14.1.6 	RESERVED 

  

	 	14.1.7 	The exclusive rights and remedies of MSV subsequent to Launch are limited to a Replacement Launch in accordance with Article 13, Replacement Launch. This limitation does not apply
to claims based on fraud, willful misrepresentation or willful misconduct in which case MSV shall have all of its rights and remedies under applicable law. 

  

	14.2	The rights of Sea Launch to terminate the Contract or any Launch under the Contract, and the available remedies, are limited to the following: 

  

	 	14.2.1 	 Sea Launch may terminate the Contract or any Launch under the Contract in the event that MSV fails to comply with the payment obligations specified in Article 5,
Payments, or in the event it is impossible for Sea Launch to perform the Launch because doing so would be in violation of law, statue, regulation, 

					
		  	  
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government decree, or the actions or inactions of any governmental official(s), or the incompatibility of the Spacecraft with the Launch Vehicle as required
by the Statement of Work and/or the Interface Control Document and which incompatibility cannot be rectified within the term of this Contract by MSV with its Spacecraft manufacturer and/or by MSV through an equitable adjustment in favor of Sea
Launch via separate change order issued pursuant to Article 18.2, except as otherwise provided under Article 14.1.4. In no event shall the effective date of termination by Sea Launch under this paragraph be earlier than (***) after the due date of
any payment not made or (***) after Sea Launch experiences the impossibility to perform the Launch for reasons as defined above. In the event of such termination, Sea Launch shall retain, as a termination charge all payments due and previously paid
under Article 5, Payments, for the Launch terminated, as of the effective date of termination. The limitations set forth in this Article 14.2.1 do not apply to either Party’s claim(s) based on fraud, willful misrepresentation or willful
misconduct on the part of the offending Party in which case such non-offending Party shall have all of its rights and remedies under applicable law. 

  

	 	14.2.2 	If Sea Launch elects to terminate for excessive postponement by MSV under Article 7, Launch Postponements, (***). The right of Sea Launch to terminate under this paragraph is
conditioned upon receipt of a written notification from MSV of a Launch postponement or cumulative postponements exceeding (***) and as set forth in Articles 7.1.3 and/or 7.1.4. Sea Launch must terminate within (***) of receipt of such written
notification of excessive postponement or thereby waives its right to terminate under this paragraph, unless further delayed by MSV. 

  

	 	14.2.3 	If Sea Launch brings any claim for material breach prior to Launch other than for a Launch Schedule postponement, and other than Sea Launch’s claim based on fraud, willful
misrepresentation or willful misconduct by MSV, the exclusive remedy of Sea Launch shall be termination of the Launch and retention, as liquidated damages and not as a penalty, of an amount up to the total of all payments made for the terminated
Launch. 

  

	14.3	Any termination for default or breach under this Article must be preceded by thirty (30) Days written notification that specifies the default or breach and the intent to
terminate in the event that the default or breach is not or cannot be cured within thirty (30) Days of such written notice to cure. 

  

	14.4	Both MSV and Sea Launch agree that the payments, termination charges, refund of payments or retention of payments specified in this Article 14 represent: (i) liquidated
damages, and not a penalty, (ii) a reasonable estimate of the actual damages that would be owed by one Party to the other in the event of a termination and, (iii) a knowing and considered allocation of each Party’s risks and fair
compensation for either Party in the event of a termination. Liquidated damages in the form of payments, refunds or retained payments, as applicable, shall constitute the exclusive rights and remedies available to the Parties in the event of
termination by either Party. 

					
		  	  
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 ARTICLE 15 — RISK ALLOCATION 
 The Parties expressly acknowledge and agree that the liabilities of Sea Launch and/or of MSV, resulting from the non execution or late execution of the services provided by Sea Launch, and of the technical commitments
of MSV are strictly limited to the provisions of this Contract, excluding any other liabilities or claims. 
  

	15.1	WARRANTY DISCLAIMER 

  

	 	15.1.1 	SEA LAUNCH MAKES NO WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO THE LAUNCH OR ANY SERVICES PROVIDED TO OR ON BEHALF OF MSV. NOTHING IN THIS CONTRACT SHALL BE CONSTRUED AS AN
EXPRESS OR AN IMPLIED WARRANTY. MSV ACKNOWLEDGES THAT IT HAS READ AND UNDERSTANDS THIS ARTICLE AND THE EXCLUSION OF ALL WARRANTIES HAS BEEN BARGAINED FOR IN THIS CONTRACT. 

  

	 	15.1.2 	Limitation of Liability. In no event shall either Party be liable to the other Party under or in connection with this Contract under any legal or equitable theory, including
negligence, for direct, indirect, special, consequential, incidental, or punitive damages, or indemnities, except as expressly provided in this Contract. Consistent with this limitation of liability, each Party shall use commercially reasonable
efforts to ensure that its insurer(s) waive all rights of subrogation against the other Party. The limitations set forth in this Article 15.1.2 do not apply to either Party’s claim(s) based on fraud, willful misrepresentation or willful
misconduct on the part of the offending Party in which case such non-offending Party shall have all of its rights and remedies under applicable law. 

  

	15.2	Third Party Liability Insurance 

 Sea Launch shall
obtain and maintain in effect a policy of liability insurance that protects MSV and its Related Third Parties against claims by a Third Party for death, bodily injury or property damage resulting from Launch Activities performed under this Contract.
Such insurance shall be in the amounts of (***), for all periods of Launch Activities on the ground and sea, and (***) for the Launch Vehicle and Spacecraft following Intentional Ignition, or such other amounts as determined by the Associate
Administrator of Commercial Space Transportation (the “AST”). 
  

	 	15.2.1 	Such insurance shall remain in effect from commencement of Launch Activities until the end of Launch Activities and for one year after Launch with respect to the Launch Vehicle and
Spacecraft following a Launch. 

  

	 	15.2.2 	The Third Party liability insurance obtained pursuant to this Article shall not cover loss of or damage to the Spacecraft even if the claim is brought by a Third Party or Related
Third Party. 

  

	 	15.2.3 	Sea Launch shall provide certificates of insurance evidencing MSV is an additional insured, and indicating the limit of liability, period of coverage, basis of coverage, and any
exclusions. For purposes of claim settlement and payments for loss, Sea Launch shall facilitate and be actively engaged in any discussions required between MSV and the insurers. 

					
		  	  
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	15.3	Licensed Launch Activities 

  

	 	15.3.1 	Indemnification by the United States Government 

  

	 	15.3.1.1 	Subject to the conditions of the Commercial Space Launch Act (49 U.S.C. §§ 70101-70121), the United States Government shall pay claims by a Third Party against Sea Launch,
MSV or their Related Third Parties for bodily injury or property damage resulting from Licensed Launch Activities, but only to the extent that the aggregate of such claims arising out of any particular Launch is: (i) in excess of the amount of
insurance required by AST under Article 15.2.1 above; and (ii) not in excess of $1,500,000,000, subject to appropriation (plus any additional sums necessary to reflect inflation occurring after January 1, 1989). 

 

	 	15.3.1.2 	Upon exhaustion of the insurance policy prescribed under Article 15.3.1.1 above, the United States Government shall, subject to the conditions of the Commercial Space Launch Act,
provide for payment of claims by a Third Party against Sea Launch, MSV or their Related Third Parties for bodily injury or property damage resulting from Licensed Launch Activities from the first dollar of loss up to $1,500,000,000, subject to
appropriation (plus any additional sums necessary to reflect inflation occurring after January 1, 1989). 

  

	 	15.3.1.3 	Sea Launch makes no representation nor provides any warranty that payment of claims by the United States Government will be made pursuant to the Commercial Space Launch Act or
otherwise. The sole obligation of Sea Launch is to make a good faith effort to obtain such payment from the United States Government. 

  

	 	15.3.2 	Reciprocal Waiver and Release of Claims 

  

	 	15.3.2.1 	Each Party agrees to execute and submit to the AST, at least ninety (90) Days prior to commencement of Licensed Launch Activities under this Contract, the Agreement for Waiver
of Claims and Assumption of Responsibility substantially in the form set forth at Appendix B to Part 440 in Title 14 of the Code of Federal Regulations. Such Agreement is binding upon MSV, Sea Launch and the U.S. Government only with respect to
Licensed Launch Activities performed under this Contract. 

  

	 	15.3.2.2 	Each Party shall implement the reciprocal waiver of claims provisions provided in Article 15.3.2.1 with its Related Third Parties (other than employees, officers or directors)
requiring them to waive and release all claims of liability they may have against the other Party, its Related Third Parties and the U.S. Government. 

  

	15.4	Activities other than Licensed Launch Activities 

  

	 	15.4.1 	 Third Party Liability Each Party agrees to indemnify, defend and hold harmless the other Party from and against any and all claims of a Third Party (other
than 

					
		  	  
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claims by employees, officers or directors of a Party or of its Related Third Parties) for death, bodily injury or property damage to the extent that it is
caused by the indemnifying Party or its Related Third Parties while performing activities related to this Contract other than Licensed Launch Activities. Each Party shall maintain insurance with limits sufficient to cover the aforementioned
indemnification obligation and shall use commercially reasonable efforts to ensure that its insurer(s) waive all rights of subrogation against the other Party to the extent the indemnifying Party has waived its rights of recovery against the
indemnified Party. 

  

	 	15.4.2 	Reciprocal Waiver and Release of Claims (other than Licensed Launch Activities) 

  

	 	15.4.2.1 	MSV and Sea Launch agree to a reciprocal waiver of claims pursuant to which each Party agrees to be responsible for and to absorb the financial and any other consequences of any
property damage or loss it sustains or any bodily injury to, death of, or property damage or loss sustained by its own employees arising out of or relating to any activities carried out under this Contract other than Licensed Launch Activities.
Neither Party will make any claim or institute any arbitration or judicial proceedings against the other Party or its Related Third Parties for such damage, loss, injury or death. 

  

	 	15.4.2.2 	Each Party further agrees to require its Related Third Parties (other than employees, officers or directors) to be responsible for and to make no claims against the other Party or
its Related Third Parties for any property damage or loss they sustained or for any bodily injury to, death of, or property damage or loss sustained by their own employees arising out of or relating to any activities carried out under this Contract
other than Licensed Launch Activities. 

  

	 	15.4.2.3 	If any of a Party’s Related Third Parties makes a claim or institutes any arbitration or judicial proceeding against the other Party or its Related Third Parties for damage,
loss, injury or death to the extent required to be waived in Article 15.3.2.2 or Article 15.4.2.2, the first Party shall indemnify, hold harmless and defend the other Party and its Related Third Parties from and against any liability on account of
such damage, loss, injury or death, and shall pay all expenses and satisfy all awards and judgments which may be incurred by or rendered against said indemnitee(s). 

  

	15.5	Spacecraft 

 MSV assumes the risk of any actual or
constructive loss of or damage to the Spacecraft prior to, during, and after Launch, including any loss or damage resulting from the nonavailability of or inability to use the Spacecraft following Launch. MSV shall indemnify, defend, and hold
harmless Sea Launch and its Related Third Parties against all claims and actions based in whole or in part on loss or damage to the Spacecraft, including loss or damage resulting from the non-availability of or inability to use the Spacecraft. MSV
shall use commercially reasonable efforts to ensure that its insurers waive all rights of subrogation against Sea Launch and its Related Third Parties. 

					
		  	  
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	15.6	Indemnification- Intellectual Property Infringement 

  

	 	15.6.1 	Sea Launch agrees to defend, hold harmless and indemnify MSV and its Related Third Parties from and against any liabilities, costs, risks, losses, damages, or injury, or any
consequences thereof, resulting from an infringement or claim for infringement of the patent right or any other intellectual property right of a Third Party or a Related Third Party of Sea Launch which may arise from the provisions of the Launch
Services or Post launch Services under this Agreement by Sea Launch. 

  

	 	15.6.2 	MSV agrees to defend, hold harmless and indemnify Sea Launch and its Related Third Parties from and against any liabilities, costs, risks, losses, damages, or injury, or any
consequences thereof, resulting from an infringement or claim for infringement of the patent right or any other intellectual property rights of a Third Party or a Related Third Party of MSV which may arise from the design and manufacture of the
Spacecraft. 

  

	15.7	Notice and Cooperation 

 Sea Launch shall provide
customary and normal support to assist MSV in obtaining Launch and In-Orbit Insurance, including: (i) supporting MSV with all necessary presentations (oral, written or otherwise), including attendance and participation in such presentations
where requested by MSV; (ii) providing on a timely basis all reasonable and appropriate technical information, data and documentation; and (iii) providing documentation and answers to insurer and underwriter inquiries. In addition, Sea
Launch shall provide any other certifications, confirmations or other information with respect to the Launch Vehicle as reasonably required by MSV’s Launch and In-Orbit Insurance insurers and underwriters and shall take any other action
reasonably requested by MSV or any such insurers or underwriters that is necessary or advisable in order for MSV to obtain and maintain Launch and In-Orbit Insurance on reasonable and customary terms. 
 Each Party agrees to cooperate with the other Party in obtaining relevant reports and other information in connection with the presentation by either
Party of any claim under insurance required by this Article. 
 Sea Launch shall cooperate with and provide reasonable support to MSV in
making and perfecting claims for insurance recovery and as to any legal proceeding associated with any claim for insurance recovery. Such support shall include: (i) providing on-site inspections as required by MSV’s insurers and
underwriters; (ii) participating in review sessions with a competent representative selected by the insurers and underwriters to discuss any continuing issue relating to such occurrence, including information conveyed to either Party;
(iii) using its best efforts to secure access for the insurers and underwriters to all information used in or resulting from any investigation or review of the cause or effects of such occurrence; (iv) making available for inspection and
copying all information reasonably available to Sea Launch that is necessary to establish the basis of a claim; and (v) supporting MSV (through analyses, documents, briefings and witnesses), as is reasonable and customary in Sea Launch’s
experience (dealing with other customers and the insurance industry), in establishing the basis of any Total Loss or Constructive 

					
		  	  
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Total Loss. The cooperation and support provided for in this Article 15.7 is included within the firm fixed price of this Contract. 
  

	 	15.7.1 	A Party seeking indemnification under this Article 15 shall: (i) promptly advise the indemnitor of any damage or injury incurred, or the filing of any suit or any written or
oral claim against it; (ii) provide the indemnitor with copies of all relevant documentation; and (iii) cooperate with the indemnitor and its insurers in every reasonable manner in making or defending against such claim. A Party seeking
indemnification shall not make any admission nor shall it reach a compromise or settlement without the prior written approval of the indemnitor. 

  

	15.8	Evidence of Insurance 

 For any of the insurance
policies or waivers required under this Contract, each Party shall provide the other Party with a certificate evidencing such insurance or waiver within thirty (30) Days of a written request by the other Party and require its insurer(s) to
provide the other Party written notice at least thirty (30) Days before cancellation or a material change in policy coverage or waiver. 
 MSV shall provide a copy of “Total Loss” and “Constructive Total Loss” definitions to Sea Launch promptly after the issuance of MSV’s policy of Launch and In-Orbit Insurance. Such definitions shall be subject to Sea
Launch’s reasonable review. 
 ARTICLE 16 — PROPRIETARY DATA 
  

	16.1	The Parties recognize that technical information may be disclosed by one Party to the other Party in the course of performance under the Contract and that the disclosing Party may
desire to protect such information against unrestricted use or disclosure to others. To provide protection for such information, each Party agrees to respect such information and, to the extent it includes proprietary data, to handle such
information as provided for in this Article. 

  

	16.2	For the purpose of this Contract, the term “proprietary data” means each Party’s proprietary, secret, or confidential information, data, processes, and physical
materials, including information originated by, or available only from the disclosing Party and information originating with a Third Party or Related Third Party with respect to which the disclosing Party has limited disclosure rights, and which the
disclosing Party desires to protect against unrestricted disclosure to others, provided that such information, data, processes, and physical materials are marked as “confidential” and/or “proprietary data” or with an equivalent
legend or, if disclosed orally, is identified as confidential proprietary at the time of disclosure and then summarized in a written document marked as “confidential” and/or “proprietary data” that is supplied to the receiving
Party within ten (10) Days of initial disclosure. 

  

	16.3	 Except as permitted herein and in Article 16.4 below, a Party receiving proprietary data shall take all reasonable precautions to prevent publication or disclosure
of proprietary data to others, and shall use such data only for the purpose of performance under the Contract. Except as permitted herein and in Article 16.4 below, any other use of such proprietary data shall be made only upon prior written consent
of the disclosing Party. 

					
		  	  
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Each Party agrees to protect the other Party’s proprietary data with the same degree of care as it protects its own proprietary data (but in no event
less than a reasonable degree of care), and to restrict disclosures of such proprietary data to those persons, entities (i.e. insurance underwriters), subcontractors and consultants having a need to know the data provided any such person, entity,
subcontractor or consultant must first agree in writing to treat any such proprietary data as confidential. 

  

	16.4	The aforementioned restrictions on the use and disclosure of proprietary data shall not apply if the proprietary data: 

  

	 	16.4.1 	Is in the public domain at the time of receipt or comes into public domain thereafter through no act of the receiving Party that is inconsistent with the aforementioned
restrictions; 

  

	 	16.4.2 	Is known to the receiving Party prior to disclosure by the disclosing Party; 

  

	 	16.4.3 	Is disclosed with the prior written approval of the disclosing Party; 

  

	 	16.4.4 	Is independently developed by the receiving Party; 

  

	 	16.4.5 	Is lawfully disclosed to the receiving Party by a Third Party under conditions permitting such disclosure; 

  

	 	16.4.6 	Is required to finance MSV’s or Sea Launch’s business, by applicable law, regulation or governmental order to be disclosed, but in such case only to the extent so required
to be disclosed. 

  

	16.5	Upon termination or upon completion of performance under the Contract, and upon the request of one Party, the other Party shall return all proprietary data (including any copies
thereof) received from that Party, or provide written certification that such proprietary data has been destroyed, except that either Party may retain one legal file copy. 

  

	16.6	Neither Party assumes any liability to the other Party for damages arising from the use of or reliance upon any information disclosed pursuant to this Article 16, except as provided
elsewhere herein. 

  

	16.7	Information exchanged under this Contract may be subject to U.S. export control laws and regulations, such as the U.S. International Traffic in Arms Regulations (ITAR) or the Export
Administration Regulation (EAR). The disclosing Party shall clearly mark any such information exchanged with an appropriate legend indicating the relevant restrictions or applicable laws and regulations. The receiving Party agrees that information
subject to such export control laws and regulations shall not be disclosed or transferred to a Third Party or Related Third Party without first obtaining written approval from the disclosing party and complying with all applicable U.S. export
control laws and regulations. Such approval shall not be unreasonably withheld. 

  

	16.8	 Information exchanged under this Contract may be subject to Russian and/or Ukrainian export control laws and regulations. The disclosing Party shall clearly mark
any such information exchanged with an appropriate legend indicating the relevant restrictions or applicable laws and regulations. The receiving Party agrees that such information subject 

					
		  	  
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to such export control laws and regulations shall not be disclosed or transferred to a Third Party or a Related Third Party without first obtaining written
approval from the disclosing Party and complying with all applicable export control laws and regulations. Such approval shall not be unreasonably withheld. 

 ARTICLE 17 — RIGHTS TO INVENTIONS AND DATA 
  

	17.1	Sea Launch and MSV agree that neither Party shall by entry into the Contract or by performance of the Contract, acquire any rights to or under the other Party’s patents,
proprietary data, or other intellectual property or technical information, unless the grant of any such right is expressly provided for in a separate written agreement duly executed by the granting Party. 

 ARTICLE 18 — CHANGES 
  

	18.1	Except as set forth in Article 18.2, the Contract shall be modified only upon mutual consent and such modification shall be made in writing and shall be signed by authorized agents
of both Parties. 

  

	18.2	MSV may at any time (***), by a written notice, request changes within the general scope of this Contract. If MSV requests a change (***) any such change will be implemented by Sea
Launch only if the Launch Day would remain unaffected as a result of the implementation of such change, unless otherwise agreed to by Sea Launch. If any such change causes an increase or decrease in the cost of, or the time required for the
performance, of any part of the work under this Contract, an equitable adjustment, to be negotiated in good faith between the Parties, shall be made in the price, delivery schedule, or other terms affected by the requested change, and the Contract
shall be modified in writing accordingly. Any claim by Sea Launch for an adjustment must be made in writing within thirty (30) Days of the receipt of any such notice. Sea Launch shall not proceed with any change under this paragraph until an
amendment to this Contract is executed by both Parties authorizing the change and making the corresponding adjustments to the work and/or the terms of this Contract necessitated by the change. 

  

	18.3	Sea Launch shall have the right to recommend changes within the general scope of this Contract. Sea Launch shall submit any such change to MSV in writing and MSV shall accept or
reject such change in its sole discretion, except for a change(s) arising under Article 7.1.2 which shall be accepted by MSV and result in a mutually agreed equitable adjustment to be memorialized in an amendment to this Contract executed by the
Parties. MSV shall respond to any such change proposed by Sea Launch promptly (***) after the date on which Sea Launch submitted the proposed change. If any change causes an increase or decrease in the cost of, or the time required for the
performance, of any part of the work under this Contract, an equitable adjustment, to be negotiated in good faith between the Parties, shall be made in the price, delivery schedule, or other terms affected by the requested change, and the Contract
shall be modified in writing accordingly. Sea Launch shall not proceed with any change under this paragraph until an amendment to this Contract is executed by both Parties 

					
		  	  
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 PROPRIETARY
	  	  
 

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 EXECUTION VERSION 
  

	 	 
authorizing the change and making the corresponding adjustments to the work and/or the terms of this Contract necessitated by the change.

  

	18.4	Launch Service(s) postponements by MSV or Sea Launch shall be resolved in accordance with Article 7, Launch Postponements, of this Contract. 

 ARTICLE 19 — ASSIGNMENT 
  

	19.1	This Contract shall not be transferred, assigned in full or in part, as security or otherwise, or delegated to any other individual, firm, institution, organization or government
agency by either Party without the prior written consent of the other Party. Consent to assignment or delegation by either Party shall not be unreasonably delayed or withheld. Any attempted assignment or delegation, without such consent, shall be
void and without effect. Any permitted assignment or delegation shall not act to release a Party from its obligations under this Contract unless the consent to assignment or delegation from the other Party specifically provides for such release.
Notwithstanding the foregoing and subject to all applicable laws and regulations including United States Export laws, regulations and licenses, including restrictions relating to dealing with prohibited country entities under the International
Traffic in Arms (“ITAR”) Section 126, Sea Launch may assign or transfer this Contract to any of its partners and either Party may assign or transfer this Contract and all of its rights and obligations hereunder to: (1) a U.S.
parent, wholly owned subsidiary or affiliate, or (2) to any person, firm, corporation or legal entity which at any time, whether by merger, acquisition, amalgamation, purchase or otherwise shall acquire all or substantially all of the assets of
the assigning Party provided that the Assignee shall assume all obligations under this Contract and shall be able to confirm to the non-assigning Party in writing, supported by audited financial statements it has a financial profile the same as, or
better than, the Party so Assigning. Notwithstanding the foregoing, no Party shall assign or transfer this Contract to a direct competitor of the other Party. 

 ARTICLE 20 — PUBLIC RELEASE OF INFORMATION 
  

	20.1	Except as required by law or regulation, no news release, public announcement, or advertising material relating to this Contract shall be issued by either Party without prior
written consent of the other Party. Such consent shall not be unreasonably withheld. All releases shall be coordinated between both Parties. Once the Contract is announced, general disclosure of its existence does not require coordination.

 ARTICLE 21 — DISPUTE SETTLEMENT 
  

	21.1	 The Parties shall endeavor to reach an amicable settlement of any dispute or controversy resulting from, or arising in connection with, the performance of this
Contract. In the event a settlement cannot be reached in a timely manner by the Sea Launch and MSV Mission Managers, the dispute or controversy shall be referred to the respective Presidents of Sea Launch and MSV, who shall use their best efforts to
reach a settlement acceptable to both Parties. If such a settlement cannot be reached the dispute or controversy shall be submitted to arbitration under the Rules of Conciliation and Arbitration of the American Arbitration Association in Los
Angeles, California, by three 

					
		  	  
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 SEA LAUNCH & MSV
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 EXECUTION VERSION 
  

	 	 
arbitrators appointed pursuant to the governing rules. The arbitration shall be conducted in English as generally spoken in the United States of America. The
arbitration award shall be final and binding, and the execution thereof may be entered in any court having jurisdiction. 

 ARTICLE 22
— APPLICABLE LAW 
  

	22.1	The Contract and any matter arising under the Contract, regardless of whether such matter is addressed in the Contract, shall be governed by the laws of the State of New York, USA,
excluding its choice of law rules. 

 ARTICLE 23 — SEVERABILITY 
  

	23.1	In the event any of the provisions of the Contract shall, for any reason whatsoever, be held to be invalid or unenforceable, the remaining provisions shall not be affected.

 ARTICLE 24 — WAIVERS 
  

	24.1	No waiver of any of the provisions of the Contract shall be binding on either Party unless evidenced by a written notice signed by the Party to be bound. Failure of either Party to
insist upon performance of any of the terms or conditions herein or to exercise any right or privilege shall not constitute a waiver. A waiver by either Party of a breach of any provision of this Contract does not constitute a waiver of any
succeeding breach of the same or any other provision, nor shall it constitute a waiver of the provision itself. 

 ARTICLE 25 —
HEADINGS AND NUMBERS 
  

	25.1	The Article, paragraph and sub paragraph headings and numbers are for convenience purposes only and shall not be used to construe the terms of this Contract.

 ARTICLE 26 — ENTIRE AGREEMENT 
  

	26.1	The Contractual documents referred to in Article 2, Contract Documents, comprise the entire understanding between the Parties with respect to the subject matter of the Contract and
shall supersede all prior and contemporaneous discussions and correspondence between the Parties. Neither Party shall be bound by any conditions, warranties, definitions, statements, or documents previous to or contemporaneous with the Contract
execution unless the Contract makes express reference thereto. 

					
		  	  
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 SEA LAUNCH & MSV
 PROPRIETARY
	  	  
 

 5/11/07 
  

 IN WITNESS WHEREOF, the Parties hereto have executed the Contract as of the Day and year stated: 

 

									
	Mobile Satellite Ventures LP	 		 	Sea Launch Limited Partnership
	by its General Partner, Mobile Satellite	 		 	acting through its General Partner,
	Ventures GP Inc.	 		 	Sea Launch Company, L.L.C.
					
	By:	 	/s/ Alexander H. Good	 		 	By:	 	/s/ Chris O’Connell
	Title:	 	CEO	 		 	Title:	 	VP - Contracts
	Date:	 	5/11/07	 		 	Date:	 	5/11/07

					
		  	  
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 SEA LAUNCH & MSV
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