Document:

EX-10.1

[EXECUTION COPY]

GENERAL RELEASE

This General Release Agreement (the “Agreement”) is made by and between Loral Space &
Communications Inc. (“Loral” or the “Company”), and Michael B. Targoff (“Employee”).

In consideration of the terms and conditions contained herein, the parties agree as follows:

1. The Company and Employee entered into an Employment Agreement, dated as of March 28, 2006,
amended and restated as of December 17, 2008, and further amended by the First Amendment thereto
dated as of July 19, 2011 and the Second Amendment thereto dated as of January 17, 2012 (as so
amended, the “Employment Agreement”). Capitalized terms used herein without definition shall have
the meanings ascribed thereto in the Employment Agreement.

Pursuant to the Employment Agreement, the Company agreed to provide Employee with certain
severance payments and/or benefits in the event that Employee’s employment is terminated under
Section 7 of the Employment Agreement, subject to Employee’s valid execution of a general release
of claims.

2. Employee’s last day of employment with the Company (including his position as Chief
Executive Officer and President and his position as an officer of certain of the Company’s
subsidiaries and affiliates) was December 14, 2012. Notwithstanding Section 7(g) of the Employment
Agreement, Employee shall not be deemed to have resigned his positions on the Board of Directors of
the Company and its subsidiaries and shall continue in such positions.

Employee will be entitled to receive the following benefits in connection with the termination
of his employment as provided by the Employment Agreement (“Severance Benefits”):

(a) The Company will pay Employee a lump sum, at the earliest time permitted in compliance
with Section 409A of the Internal Revenue Code of 1986, as amended, a termination payment in an
amount equal to $5,606,704.00, less required withholdings.

(b) Employee shall be entitled to continued participation in the Company’s medical,
prescription, dental and vision insurance coverage following Employee’s termination through one of
the following alternatives: (i) participation in the Loral Retiree Medical Plan if Employee elects
retirement; (ii) COBRA continuation coverage as set forth in his Employment Agreement; or (iii) as
part of benefits provided to members of the Board of Directors of the Company.

(c) Employee’s group life and disability insurance shall cease on his termination date. In
lieu of continuation of Employee’s executive life insurance benefits, the Company shall pay to
Employee, at the earliest time permitted in compliance with Section 409A of the Internal Revenue
Code of 1986, as amended, $35,790.00, representing the sum of (x) the annual premium payment of
$3,440.00 due on each of January 18, 2013 and January 18, 2014 with respect to Employee’s U.S. Life
policy (#WH00300837—Initial Insured Amount $1,000,000); (y) the annual premium payment of
$14,420.00 due on October 26, 2013 with respect to Employee’s Transamerica policy
(#41672976—Initial Insured Amount $5,000,000); and (z) the annual premium payment of $7,245.00 due
on each of December 28, 2012 and December 28, 2013 with respect to Employee’s Transamerica policy
(#41731827—Initial Insured Amount $2.500,000). Employee shall be responsible for payment of all
applicable payroll taxes with respect to premium reimbursements paid to him by the Company.
Employee may elect to continue his executive life insurance benefits at his own expense, and, to
the extent necessary or desirable, the Company will cooperate with and assist Employee in
transferring any applicable policy or policies to Employee’s name and changing the address to which
statements are mailed.

Payment of the Severance Benefits set forth in Section 2(a), 2(b) and 2(c) above is contingent
upon the effectiveness of this Agreement.

Employee acknowledges and confirms that he has been paid and has received $1,675,991.00 as his
full Annual Bonus payment for fiscal 2012 and that he is not entitled to any further payments
related to his 2012 Annual Bonus, referenced as part of his Enhanced Accrued Benefits pursuant to
Section 7(c) of the Employment Agreement or otherwise.

Employee acknowledges and confirms that he does not have any accrued vacation time and is not
entitled to any accrued vacation pay.

Employee acknowledges and confirms that he has been paid and has received $1,009,733.83 plus
applicable interest in full payment and satisfaction of his Deferred Compensation Account under and
in accordance with the terms of the Amended and Restated Non-Qualified Stock Option Agreement dated
November 10, 2008 (the “Option Agreement”) under the Loral Space & Communications Inc. 2005 Stock
Incentive Plan (as amended and restated as of November 7, 2008, the “Incentive Plan”).

3. In exchange for and in consideration of the Severance Benefits, Employee on behalf of
Employee and his agents, representatives, administrators, receivers, trustees, estates, heirs,
devisees, assignees, legal representatives and attorneys, past or present, waives and releases any
and all potential claims, including but not limited to claims for any compensation, benefits or
stock options, known or unknown, he has against the Company and its related corporations and
subsidiaries, and all predecessors and successors thereof (the “Released Entities”), and their
current and former officers, directors, employees, agents, attorneys, insurers, administrators, and
fiduciaries (collectively and together with the Released Entities, the “Released Parties”),
relating to or arising out of his employment with the Company and his termination from the Company,
except as otherwise specifically provided in this Agreement. For purposes of any claims described
above relating to the Company, in addition to the persons listed above, “Released Parties” shall
also include shareholders (and affiliates of shareholders), and owners (direct or indirect) and any
other persons acting by, through or under any of the persons or entities listed herein. This
waiver and release applies to all claims relating to Employee’s employment, including, but not
limited to, claims arising under any state law, any federal law, any contract, tort or statutory
claims, claims arising under Title VII of the Civil Rights Act, the Americans with Disabilities
Act, the Age Discrimination in Employment Act of 1967, the Older Workers Benefit Protection Act of
1990 and the Fair Labor Standards Act. In addition, Employee waives any right to initiate or
otherwise voluntarily participate in any shareholders’ derivative action with respect to the
Company and its majority-owned subsidiaries by reason of any act or omission prior to the date of
execution of this Agreement, including, without limitation, being a named plaintiff in or causing
to be filed on Employee’s behalf or as a class action any such derivative action; provided,
however, Employee may file a claim and receive a share of any proceeds as a member of a class in
any shareholders’ derivative class action initiated by any other person.

4. Employee agrees that, except as enumerated in Sections 4, 5 and 6 hereof, he is not
entitled to any compensation or benefits that are due and owing to him by the Company. Employee
does not waive or release any rights Employee may have to indemnification or directors and officers
liability insurance coverage, including, but not limited to, any rights under his Indemnification
Agreement dated November 21, 2005 between the Company and Employee, as may be amended from time to
time.

5. Employee does not waive or release any rights Employee may have with respect to:

(i) payment of the Severance Benefits;

(ii) his 175,000 vested restricted stock units (the “RSUs”) granted under a Restricted Stock
Agreement dated as of March 5, 2010 (the “RSU Agreement”), which RSUs shall be settled at the
earliest time permitted in compliance with Section 409A of the Internal Revenue Code of 1986, as
amended, in accordance with and subject to all terms and conditions of the RSU Agreement and the
Option Plan, all of which remain in full force and effect;

(iii) accrued and vested benefits under any retirement plan or deferred compensation account
or plan;

(iv) benefits to which Employee is entitled to under ERISA; and

(v) accrued and unpaid business expense reimbursements in accordance with the Company’s
policy.

6. This waiver and release does not apply to any claim that Employee may have for governmental
unemployment benefits or workers’ compensation benefits. This waiver and release does not apply to
any claims not covered herein that arise after the date of execution of this Agreement.

7. (a) Employee acknowledges that he has been advised to consult an attorney before he signs
this Agreement. Employee has 21 days within which to decide whether he will sign this Agreement,
although Employee may sign the Agreement before the 21 days expire. Following his signature of the
Agreement, Employee has seven days to revoke his signature. Any revocation must be in writing and
personally delivered to Avi Katz before expiration of the seventh day after Employee’s signature of
the Agreement. Under any such valid revocation, Employee shall not be entitled to any Severance
Benefits under the Employment Agreement. This Agreement becomes effective on the eighth (8th)
calendar day after it is executed by both parties.

(b) In the event of an employment termination program offered to a group or class of
employees (as determined under the Age Discrimination in Employment Act of 1967), Section 7(a)
above shall be applied by substituting “21 days” with “45 days”. Further, in any such case, the
Company has given Employee its most current information (Exhibit A) concerning the
reduction-in-force employment termination program with respect to certain employees at the
Company’s corporate headquarters in New York, New York.

8. This Agreement, the Employment Agreement, the RSU Agreement and the Incentive Plan is the
total agreement of the parties with respect to the matters covered herein and replaces any prior
negotiations or agreements between the parties whether oral or written. If any term, condition or
section of this Agreement, except for paragraph 5, is determined to be invalid or unenforceable,
and such provision cannot be modified to be enforceable to any extent or any application, such
invalidity and unenforceability shall not affect the remaining terms, conditions or sections
hereof, which shall continue in full force and effect.

9. This Agreement shall be governed by and construed in accordance with the laws of the State
of New York, regardless of the laws that might otherwise govern under applicable principles of
conflicts of law. Employee hereby irrevocably submits himself to the exclusive jurisdiction of the
courts of the State of New York and any federal courts located therein, for the purpose of any
suit, action or other proceeding arising out of, or relating to, this Agreement or the subject
matter hereof, and hereby waives, and agrees not to assert, by way of motion, as a defense, or
otherwise, in any such suit, action or proceeding, any claim that he is not personally subject to
the jurisdiction of the above-named courts for any reason whatsoever, that such suit, action or
proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding
is improper. In addition, Employee hereby irrevocably waives and agrees not to assert any right to
trial by jury with regard to any suit, action or other proceeding arising out of, or relating to,
this Agreement or the subject matter of this Agreement.

10. Employee acknowledges that he has carefully read this Agreement and has had the
opportunity to discuss this Agreement with counsel, and that he understands this Agreement and
signs it voluntarily.

11. Employee agrees that neither this Agreement nor the furnishing of consideration for the
general release set forth in this Agreement shall be deemed or construed at any time for any
purpose as an admission by the Released Parties of any liability or unlawful conduct of any kind.
Employee further acknowledges and agrees that the consideration provided for herein is adequate
consideration for Employee’s obligations under this Agreement.

12. Employee represents and warrants that he has not assigned or subrogated any of his rights,
claims and causes of action referred to in this Agreement, or authorized any other person or entity
to assert such claim or claims on his behalf.

13. This Agreement is binding on Employee and the Company and their respective successors and
assigns. No rights or obligations of Employee hereunder may be assigned by Employee to any other
person or entity, except by will or the laws of descent or distribution.

	 	 	 
	Dated: December 14, 2012
	 	Loral Space & Communications Inc.

By: /s/ Avi Katz

Avi Katz

Senior Vice President, General Counsel

and Secretary

	Dated: December 14, 2012
	 	/s/ Michael B. Targoff

Michael B. TargoffEX-10.2

CONSULTING AGREEMENT

between

Loral Space & Communications Inc.

and

Michael B. Targoff

Name of Consultant

This Agreement is made by and between Loral Space & Communications Inc., a corporation organized
and existing under the laws of the State of Delaware, with offices at 600 Third Avenue, New York,
New York 10016 (hereinafter “Loral” or the “Company”), and Michael B. Targoff, with an address at
1016 Old White Plains Road, Mamaroneck, NY 10543 (hereinafter referred to as “Consultant”). Loral
and Consultant are hereinafter referred to collectively as the “Parties” and individually as a
“Party.”

Loral makes this Agreement for the purpose of retaining the services of Consultant. This contract
is expressly made conditional on Consultant’s assent to, and strict compliance with, all of the
terms and conditions stated below. Each of the following terms and conditions is essential to the
essence of the agreement between the Parties.

1. The term of this Agreement (the “Term”), and the period within which the services are to be
rendered under this Agreement, shall commence as of December 15, 2012 and shall continue until
either Party terminates the Agreement by delivering written notice of termination to the other
Party at least ten (10) days prior to the termination date. Either Party may terminate the
Agreement at any time for any reason or for no reason.

During the Term, Consultant shall be available upon reasonable notice given by the Company to
consult with and advise the Company on such matters within his expertise as the Board of Directors
of Loral (the “Board”) or its designee may request from time to time, including but not limited to:

	 	•	 	Assistance and guidance in the oversight of strategic matters relating to Telesat;

	 	•	 	Assistance and guidance in the oversight of the ViaSat lawsuit; and

	 	•	 	Assistance and guidance in the oversight of strategic matters relating to XTAR.

Consultant shall report directly to and take direction from the Board or its designee.
Consultant’s services hereunder shall be on an as needed basis at the direction of the Board or its
designee and Consultant shall devote such time to performance of his duties hereunder as necessary
to perform the tasks requested by the Board. It is expected that Consultant will devote on average
approximately 20% to 40% of his working time to performance of services hereunder;
provided, however, that Consultant’s services pursuant to this Agreement, together
with his continued service as a member of the Board of Directors and as its Vice Chairman, shall,
in any event, be limited to less than 50% of the level of services provided to the Company and all
affiliates in the thirty-six (36) months immediately preceding his termination of employment with
the Company.

2. Loral will pay Consultant a monthly consulting fee of $120,000 for his services hereunder.

Consultant may, in connection with the rendering of services hereunder, travel to locations other
than the Company’s New York office. Consultant’s travel arrangements (e.g., air, rail, rental car
or other ground transportation and lodging) shall be made through the Loral travel office and shall
be in accordance with Loral’s travel policy in effect at the time of such travel.

Loral shall reimburse Consultant for travel expenses and other reasonable and necessary
out-of-pocket expenses incurred by Consultant directly in connection with services rendered
hereunder, upon presentation of proper receipts or other appropriate documentation and subject to
such reasonable guidelines, reporting requirements or limitations provided by Loral from time to
time.

During the Term, the Company shall keep open the “hq.loral.com” email address formerly used by
Consultant and shall allow Consultant to continue to receive and send email messages to and from
that address.

Loral shall provide Consultant with office space, office services and an administrative assistant.
Consultant shall reimburse Loral $17,000 per month for use of the office space, office services and
the administrative assistant. This monthly reimbursement amount may be re-evaluated and adjusted
from time to time as necessary (e.g., in the event of a change in the amount of rent the Company
pays for its office space, if the amount of space used by Consultant changes, etc.).

If Consultant requests during the Term of this Agreement or upon its termination, the Company shall
transfer to Consultant, and Consultant shall acquire, ownership of his office furniture, cellular
telephone and computer equipment. Consultant shall be charged with additional income equal to the
value of the equipment on the date acquired.

Consultant shall bill Loral monthly for his monthly fee and any expenses incurred during the month,
as specified in paragraph 13 below or on such other terms that are agreed to in writing between
Loral and Consultant.

Loral shall bill Consultant monthly for the reimbursement for the use of office space, office
services and the administrative assistant as specified in paragraph 13 below or on such other terms
that are agreed to in writing between Loral and Consultant.

3. In the performance of his services, Consultant’s relationship to Loral shall be solely that of
an independent contractor to provide personal services. In this capacity, Consultant will not be
an employee of Loral and will not be entitled to workers’ compensation coverage, unemployment
insurance or any other type or form of insurance or benefit normally provided by Loral for its
employees, including (but not limited to) holiday and vacation pay; and Loral will not be
responsible for withholding federal income or social security taxes from the fees paid. Loral
shall have no liability whatsoever on account of this Agreement except as provided in paragraph 2.
Consultant shall file all tax returns and reports required to be filed pursuant to law, including,
without limitation, reports required to be filed by former employees of the United States
Government, if applicable.

4. Consultant shall assign, convey and transfer to Loral without further consideration, each and
every work made for hire, invention, discovery, improvement, maskwork, and patent conceived or
developed by Consultant during performance under this Agreement, and, upon request, shall execute
any required papers and furnish all reasonable assistance to Loral to vest all right, title and
interest in such inventions, discoveries, improvements and patents in Loral. Consultant warrants
and represents the originality of the deliverable items under this Agreement and that no portion of
the deliverable items, or their use and/or distribution, shall present any infringement or other
conflict of interest. All data, copyrights, copyrightable creations and reports developed in the
performance of this Agreement shall be the sole property of Loral and shall be used by Consultant
solely in work for Loral. Upon termination or expiration of this Agreement, Consultant shall
deliver all such records, data, information, models, tools and other documents and all copies
thereof to Loral.

5. (a) Consultant shall not disclose to any person during the term of this Agreement or
thereafter, without Loral’s prior written approval, any confidential and/or proprietary information
of Loral (whether written or oral), including specifications, know-how, strategic or technical
data, marketing research data, product research and development data, manufacturing techniques,
confidential customer lists, sources of supply and trade secrets or information relating to the
business, designs, inventions, plans, methods, processes or affairs of Loral or its affiliates, or
third party confidential information in the possession of Loral or its affiliates, which Consultant
may have acquired or developed in connection with the performance of duties hereunder or otherwise,
unless and until that information shall have become public knowledge without breach of this
Agreement. Consultant agrees that he will use any such information only for the purpose set forth
in Paragraph 1 hereto.

(b) Consultant has carefully considered the nature, extent and duration of the restrictions
and obligations contained in this Paragraph 5 and acknowledges and agrees that such restrictions
are fair and reasonable in all respects to protect the legitimate interests of Loral and its
affiliates and that these restrictions are designed for the reasonable protection of the business
of Loral and that of its affiliates. Consultant acknowledges that remedies at law would be
inadequate to protect Loral against any actual or threatened breach of this Paragraph 5 and,
without prejudice to any other rights and remedies otherwise available to Loral, Consultant agrees
that Loral will be entitled to suitable relief, including injunction, and further agrees to waive
any requirement for security or the posting of any bond in connection with any such remedy.

6. In performing work under this Agreement, Consultant agrees to comply with provisions of Loral
policies relating to standards of conduct and to ethical business practices (see: Attachment 1).
By execution of this Agreement, Consultant certifies that Consultant has: (i) received a copy of
Attachment 1, (ii) been advised that compliance with Attachment 1 is required, (iii) read
Attachment 1 and (iv) agreed to comply with the policies as stated therein. Any questions that
arise concerning the propriety of any action proposed to be taken should be directed to the Loral
General Counsel (212-697-1105).

7. Concerning work under this Agreement, Consultant shall not engage in any effort on behalf of
Loral to lobby (i.e., to influence or attempt to influence) Congress, any federal agency, any
member of Congress, any federal officer, or any federal agency employee or employee of a member of
Congress, unless such activity is expressly approved by the Loral General Counsel in writing. If
such efforts are approved in writing, Consultant shall report the details to Loral and shall
provide Loral with a copy of any declaration filed by Consultant pursuant to 31 U.S.C. Section 1352
in connection with such efforts.

8. If any information or material acquired or developed by Consultant in performance under this
Agreement is, or becomes, classified within the meaning of the Espionage Act (Title 18, U.S.C. §§
792-799) and Executive Order 12356 (April 1982), Consultant agrees to preserve the security of such
work in compliance with all applicable laws and regulations of the United States. Any data or
information of any type acquired or generated by Consultant in the performance of services under
this Agreement shall be submitted to Loral for security review before publication or dissemination.
Further, Consultant agrees to abide by Loral’s security rules and such other rules as are
communicated from time to time to Consultant by an officer of Loral.

9. In performing under this Agreement and in addition to paragraph 7, above, Consultant agrees to
comply with applicable laws and regulations, including export control laws, and to not make or
permit to be made any improper payments, or to engage in any unlawful conduct. Consultant agrees
not to assume any obligation which would interfere or be inconsistent with performance of this
Agreement, and hereby represents and warrants to Loral that the services to be performed under this
Agreement shall not result in a conflict of interest, including but not limited to, any conflict
prohibited by the laws or regulations of the United States or other applicable jurisdictions. This
Agreement shall terminate immediately and all payments due shall be forfeited if, in rendering
services hereunder, improper payments are made to or by Consultant, unlawful conduct is engaged in
by Consultant, or any part of the remuneration payable under this Agreement is used for an illegal
purpose. Additionally, no remuneration shall be payable if such payment is prohibited by any law,
regulation or decision of the Government of the United States, to include any agency thereof, or
any foreign government involved with the subject hereof.

10. Consultant’s identity, the amount of the remuneration to be paid, and the details of this
Agreement may be disclosed pursuant to the securities laws of the United States and may otherwise
be disclosed to the Government of the United States or as otherwise required by law, rule or
regulation.

11. A material factor in the Loral decision to retain Consultant was the response to the
questionnaire entitled “Consultant Disclosure Statement” as completed by Consultant and attached
hereto as Attachment 2. Any change to the information provided in the answers to the questionnaire
should be reported immediately to the Loral General Counsel. Loral reserves the right to terminate
this Agreement without further notice and obligation if the information provided in the
questionnaire was inaccurate or if there is a material change in the information provided during
the course of this Agreement.

12. Upon termination of this Agreement, (i) Consultant shall return to Loral all documents,
materials or information provided to or developed by Consultant in connection with Consultant’s
performance under this Agreement or certify in writing as to their destruction and (ii) Loral shall
promptly pay to Consultant all consulting fees for services properly rendered by Consultant
hereunder, as reduced by any amounts Consultant owes to Loral for use of office space, office
services and an administrative assistant, and reimburse Consultant for all expenses properly
incurred by Consultant hereunder, in each case, prior to such termination, provided Consultant
properly submits and documents in one or more invoices, as required by paragraph 13 herein, such
services and expenses. After payment for all services properly rendered hereunder and reimbursement
for all expenses properly incurred hereunder prior to such termination, Loral shall have no further
obligation hereunder and Consultant shall not be entitled to any severance or termination pay or
damages for termination of this Agreement.

13. Unless otherwise approved in writing, Consultant shall submit invoices to Loral monthly for
payment. Invoices shall be addressed to: Loral Space & Communications Inc., 600 Third Avenue, New
York, New York 10016, Attention: Vice President and Controller. Invoices may be delivered either
by mail, by fax to 212-338-5320 or by email to john.capogrossi@hq.loral.com. Invoices
shall specify: (i) the period covered in the invoice, (ii) a description of the work performed
during the period, (iii) the details of and documentation for any expenses reimbursable under
paragraph 2, above, and (iv) identification of any activity covered by the Lobbying Disclosure Act,
31 U.S.C. Section 1352, or any state or local lobbying law together with any filing made by
Consultant pursuant to those laws. Each invoice shall contain the following certification:
SUBMISSION OF THIS INVOICE CERTIFIES COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE CONSULTING
AGREEMENT UNDER WHICH THIS INVOICE IS SUBMITTED, AND CERTIFIES COMPLIANCE WITH ALL LAWS,
REGULATIONS AND LORAL POLICIES REFERENCED THEREIN.

Unless otherwise approved in writing, Loral shall submit invoices to Consultant monthly for
payment. Invoices shall be addressed to: Michael B. Targoff, 1016 Old White Plains Road,
Mamaroneck, NY 10543 or such other address as shall be specified by Consultant. Invoices may be
delivered either by mail, by fax to 212-338-5880 or by email to
michael.targoff@hq.loral.com. Invoices shall specify the period covered in the invoice.

14. This Agreement and the enforcement thereof shall be governed and controlled in all respects by
the internal laws of the State of New York, without application of the conflict of laws provisions
thereof. Any dispute or controversy arising from or relating to this Agreement and/or Consultant’s
relationship with Loral shall be resolved by binding “baseball” type (also known as “final offer”)
arbitration (i.e. each Party will submit the amount of its claim and the arbitrator will select one
such amount), to be held in New York or in any other location mutually agreed to by Loral and
Consultant before one arbitrator selected in accordance with the rules and procedures of the
American Arbitration Association. Judgment upon the award rendered by the arbitrator may be
entered in any court having jurisdiction thereof.

15. In the event that a court of competent jurisdiction shall determine that any provision of this
Agreement or the application thereof is unenforceable in whole or in part because of the duration
or scope thereof, the parties hereto agree that said court in making such determination shall have
the power to reduce the duration and scope of such provision to the extent necessary to make it
enforceable in such jurisdiction or sever any such unenforceable provision, and that the Agreement
in its reduced and/or severed form shall be valid and enforceable to the full extent permitted by
law, provided that the invalidity of any one or more provisions in any jurisdiction shall not
affect the validity of any other provision in such jurisdiction or the validity of such provision
in any other jurisdiction. This Agreement may not be modified or amended except by a written
document signed by an authorized person on behalf of each Party.

16. This written Agreement constitutes the entire and complete agreement between the Parties
concerning the services described herein. This Agreement supersedes all prior and collateral
communications and understandings between the Parties with respect to the subject matter hereof.
It is agreed that there are no terms, conditions or understandings other than as set forth herein.

17. It is agreed that no failure or delay by either Party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
thereof preclude any other or further exercise thereof or the exercise of any right, power or
privilege hereunder. No Party may assign or transfer, in whole or in part, any of its rights,
obligations or duties under this Agreement.

18. Notices under this Agreement shall be transmitted to the address for notices specified below or
such other address as a Party shall designate to the other Party in writing. Notices shall be
deemed to have been given as of the date such notice is (a) delivered to the Party intended, (b)
delivered to the then designated address of the Party intended, (c) transmitted to the then
designated fax number of the Party intended (provided that the original of such Notice is delivered
on the same day to a nationally recognized overnight courier for delivery to the then designated
address of the Party intended on the next business day), or (d) sent by nationally recognized
overnight courier or by United States Certified Mail, return receipt requested, postage prepaid and
addressed to the then designated address of the Party intended.

IN WITNESS WHEREOF, the Parties have hereunto caused this Agreement to be executed by their duly
authorized representatives:

	 	 	 
	Consultant:
	 	Loral Space & Communications Inc.:

	Michael B. Targoff

Signature: /s/ Michael B. Targoff

Date: December 14, 2012
	 	By: Avi Katz

Title: Senior Vice President,

General Counsel and Secretary

Signature: /s/ Avi Katz

Date: December 14, 2012

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