Document:

Exhibit 10.7

 

REGISTRATION RIGHTS AGREEMENT

 

This REGISTRATION RIGHTS
AGREEMENT (this “Agreement”),
dated as of May 6, 2006, is by and among Trophy Hunter Investments, Ltd.,
Bay Harbour 90-1, Ltd. and Bay Harbour Master Ltd., Continental Casualty
Company, Maranello Holdings LLC, Scoggin IV LLC, Mr. Jeffrey Benjamin and Mr. Norman
Brownstein (each, a “Holder,”
together, the “Holders”) and SkyTerra
Communications, Inc., a Delaware corporation (“SkyTerra”). Certain
capitalized terms used herein are defined in Section 7 below.

 

RECITALS:

 

WHEREAS, pursuant to the
agreements listed on Schedule A hereto (the “Merger/Purchase
Agreements”), SkyTerra will issue an aggregate of 4,125,183 shares
of its Common Stock (the “Acquired Shares”)
to the Holders;

 

WHEREAS, in order to
induce the Holders to consummate the transactions under the Merger/Purchase
Agreements, SkyTerra has agreed to provide certain registration rights to the
Holders on the terms and subject to the conditions set forth herein.

 

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

 

SECTION 1.         REGISTRATION UNDER THE SECURITIES ACT.

 

1.1       Registration.

 

(a)           Each
of the parties to this Agreement shall cooperate, and SkyTerra shall file with
the Securities and Exchange Commission (the “SEC”)
as soon as practicable following the date hereof, a registration statement on
the appropriate form for the purpose of registering the Acquired Shares
under the Securities Act for resale by holders of the Acquired Shares (the “Resale Registration Statement”). SkyTerra
will cause the Resale Registration Statement to comply as to form in all
material respects with the applicable provisions of the Securities Act and the rules and
regulations thereunder. SkyTerra shall use its commercially reasonable efforts,
and each of the Holders will cooperate with SkyTerra, to have the Resale
Registration Statement declared effective by the SEC as promptly as
practicable.

 

(b)           SkyTerra
shall keep the Resale Registration Statement effective (including through the
filing of any required post-effective amendments) until the earlier to occur of
(i) such time as the Holders have sold all of the Acquired Shares
registered thereunder or (ii) one year from the Initial Closing (as
defined in the Exchange Agreement by and among Motient Corporation, Motient
Ventures Holding Inc., and SkyTerra Communications, Inc. dated as of May 6,
2006); provided, that such date shall be extended by the amount of time of any
period during which the Holders may not use the Resale Registration
Statement as the result of the occurrence of an event described in Section 1.2(e) (ii),
(iii) or (iv) below. Thereafter, SkyTerra shall be entitled to
withdraw the Resale Registration Statement and, upon such withdrawal, the
Holders shall have no further right to sell any of the Acquired Shares pursuant
to the Resale Registration Statement (or any prospectus forming a part thereof).

 

 

1.2          Registration Procedures.
Subject to the terms and conditions hereof, SkyTerra shall use its commercially
reasonable efforts to effect the registration and the disposition of the
Acquired Shares in accordance with the intended method of disposition thereof,
and pursuant thereto SkyTerra shall as expeditiously as practicable:

 

(a)           promptly
prepare and file with the SEC the Resale Registration Statement with respect to
the Acquired Shares (and any amendments, including any post-effective
amendments or supplements to the Resale Registration Statement SkyTerra deems
to be necessary) and use its commercially reasonable efforts to cause the
Resale Registration Statement to become effective and to comply with the
provisions of the Securities Act applicable to it; provided, that before
filing the Resale Registration Statement or prospectus or any amendments or
supplements thereto, SkyTerra shall furnish to counsel for the Holders copies
of all such documents proposed to be filed, including documents incorporated by
reference in the Registration Statement and, if requested by the Holders, the
exhibits incorporated by reference so as to provide the Holders and their
counsel a reasonable opportunity to review and comment on such documents, and
SkyTerra (i) will make such changes and additions thereto as reasonably
requested by counsel to the Holders prior to filing the Resale Registration Statement
or amendment thereto or any prospectus or any supplement thereto and (ii) if
any of the Holders are underwriters or controlling persons of SkyTerra, will
include therein material relating to the Holders or the plan of distribution
for the Acquired Shares registered thereunder, furnished to SkyTerra in
writing, which, in the reasonable judgment of the Holders, should be included;

 

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

 

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

 

(d)           use its
commercially reasonable efforts to register or qualify the Acquired Shares
under such other securities or blue sky laws of such jurisdictions as the
Holders reasonably request and do any and all other acts and things which may be
reasonably necessary or advisable to enable the Holders to consummate the
disposition of the Acquired Shares in such jurisdictions of (provided that
SkyTerra shall not be required to (i) qualify generally to do business in
any jurisdiction where 

 

2

 

it would not otherwise be required to qualify but for this subsection, (ii) subject
itself to taxation in any such jurisdiction or (iii) consent to general
service of process in any such jurisdiction);

 

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

 

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

 

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

 

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

 

(i)            make
available for inspection by the Holders, any underwriter participating in any
disposition pursuant to the Resale Registration Statement on behalf of the
Holders, and any attorney, accountant or other agent retained by the Holders or
the 

 

3

 

underwriter, all financial and other records, pertinent corporate
documents and properties of SkyTerra, and cause SkyTerra’s officers, managers,
employees and independent accountants to supply all information reasonably
requested by the Holders and such underwriters, attorneys, accountants or agents
in connection with the Resale Registration Statement; and

 

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

 

1.3          Other Procedural Matters.

 

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

 

(b)           SkyTerra may require
the Holders to furnish to SkyTerra any other information regarding the Holders and
the disposition of the Acquired Shares, including without limitation the plan
of distribution of the Acquired Shares, as SkyTerra reasonably determines, is
required to be included in the Resale Registration Statement.

 

(c)           Each of
the Holders agrees that, upon notice from SkyTerra of the happening of any
event as a result of which the prospectus included in the Resale Registration Statement
contains an untrue statement of a material fact or omits any material fact
necessary to make the statements therein not misleading (a “Suspension Notice”), such
Holder will forthwith discontinue disposition of Acquired Shares pursuant to the
Resale Registration Statement until the Holders are advised in writing by
SkyTerra that the use of the prospectus may be resumed and are furnished
with a supplemented or amended prospectus as contemplated by Section 1.2
hereof; provided, however, that such postponement of sales of Acquired
Shares by the Holders shall not in any event exceed (i) twenty (20)
consecutive days or (ii) forty-five (45) days in the aggregate in any 12
month period. If SkyTerra shall give the Holders any Suspension Notice,
SkyTerra shall extend the period of time during which SkyTerra is required to
maintain the Resale Registration Statement effective 

 

4

 

pursuant to this Agreement by the number of days during the period from
and including the date of the giving of such Suspension Notice to and including
the date the Holders either are advised by SkyTerra that the use of the
prospectus may be resumed. In any event, SkyTerra shall not be entitled to
deliver more than a total of three (3) Suspension Notices in any 12 month
period.

 

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

 

1.4          Expenses.

 

(a)           Registration Expenses. All Registration
Expenses shall be borne by SkyTerra.

 

(b)           Selling Expenses. All expenses incident to
the Holders’ performance of or compliance with this Agreement, including,
without limitation, all fees and expenses of counsel for the Holders, fees and
expenses of the Holders’ transfer agent, and any broker or dealer discounts or
commissions attributable to the disposition of Acquired Shares shall be borne
solely by the Holders, as incurred by each or on a pro rata basis for shared
expenses, as applicable.

 

SECTION 2.         LOCKUP AGREEMENT.

 

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

 

SECTION 3.         INDEMNIFICATION.

 

3.1          Indemnification by
SkyTerra. SkyTerra
agrees to indemnify, to the extent permitted by law, each of the Holders, its officers, directors,
employees and Affiliates and each Person who controls the Holders (within the meaning of the
Securities Act) against all losses, claims, damages, liabilities, and expenses
caused by any untrue or alleged untrue statement of material fact contained in the
Resale Registration Statement
or any prospectus forming a part of the Resale Registration Statement or
any “issuer free writing prospectus” (as defined in Securities Act Rule 433),
or any amendment thereof or supplement thereto or any omission or alleged
omission of a material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances under which they were
made, not misleading or any violation or alleged violation by SkyTerra of the
Securities Act, the Exchange Act or applicable “blue sky” laws, 

 

5

 

except insofar as
the same are made in reliance and in conformity with any information furnished
in writing to SkyTerra by the Holders expressly for use therein or by the failure of the Holders to deliver a copy of such
registration statement or prospectus or any amendments or supplements thereto
as required by law after SkyTerra has furnished the Holders with a sufficient number of copies of
the same.

 

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

 

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

 

3.4          Investigation;
Contribution. The
indemnification provided for under this Agreement shall remain in full force
and effect regardless of any investigation made by or on behalf of the
indemnified party or any officer, director, or controlling Person of such
indemnified party and shall survive the transfer of securities. If the
indemnification provided under Section 3.1 or Section 3.2 of this
Agreement is held by a court to be unavailable or unenforceable in
respect of any losses, claims, damages, liabilities or expenses referred to
herein, then each applicable 

 

6

 

indemnifying party, in lieu of indemnifying such
indemnified party, shall contribute to the amount paid or payable by such
indemnified Person as a result of such losses, claims, damages, liabilities or
expenses in such proportion as is appropriate to reflect the relative fault of
the indemnifying party on the one hand and of the indemnified party on the
other in connection with the statements or omissions that result in such
losses, claims, damages, liabilities or expenses as well as any other relevant
equitable considerations. The relative fault of the indemnifying party on the
one hand and of the indemnified Person on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a
material fact relates to information supplied by the indemnifying party or by
the indemnified party, and by such party’s relative intent, knowledge, access
to information and opportunity to correct or prevent such statement or omission.
In no event shall the liability of the Holders for contribution pursuant to
this Section 3.4 be greater than the amount for which the Holders would
have been liable pursuant to Section 3.2 had indemnification been available
and enforceable.

 

SECTION 4.         RULE 144 TRANSACTIONS.

 

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

 

SECTION 5.         RESTRICTIONS ON TRANSFER.

 

5.1          Permitted Transfers. Each of the Holders hereby
agrees that, until it and any permitted transferees under paragraph (e) or
(f) hereunder have disposed of all of the Acquired Shares, it will not,
directly or indirectly, without the prior written consent of SkyTerra, sell,
distribute, transfer or
otherwise dispose (in each case, a “Disposition”)
of any Acquired Shares except:

 

(a)           sales of Acquired
Shares pursuant to the Resale Registration Statement; or

 

(b)           sales of Acquired
Shares pursuant to Rule 144 (but not paragraph (k) thereof) under the
Securities Act; or

 

7

 

(c)           sales or
transfers of Acquired Shares to any Person or group of related Persons who
would immediately thereafter not own or have the right to acquire or vote with
respect to Acquired Shares consisting of, in the aggregate, more than five
percent (5%) of the total combined voting power of all Acquired Shares then
outstanding; provided, however, that in each such case, the transferee shall
receive and hold such Acquired Shares subject to, and the transferee and all of
the transferees’ Affiliates shall agree to be bound by, all the terms of this
Agreement, which terms shall also inure to the benefit of such transferees, and
there shall be no further transfer of such Acquired Shares, except in
accordance with the provisions of this Section 5.1; or

 

(d)           a bona
fide pledge of or the granting of a security interest in the Acquired Shares to
an institutional lender for money borrowed, provided that such lender
acknowledges in writing that it has received a copy of this Agreement and
agrees, upon its becoming the owner of, or obtaining dispositive authority with
respect to or in connection with any disposition of, any such Acquired Shares,
to be bound by the provisions of this Agreement in connection with any right it
may have to dispose of any such Acquired Shares (and, upon agreeing so to
be bound, the provisions of this Agreement shall inure to the benefit of such
party); or

 

(e)           sales or
transfers of Acquired Shares pursuant to a tender or exchange offer which the
Board of Directors of SkyTerra does not oppose within 10 business days after
the date of commencement (as such term is defined in Rule 14d-2(a) of
the General Rules and Regulations under the Exchange Act) of such offer;
or

 

(f)            dispositions
of Acquired Shares by any Holder to any wholly owned subsidiary of such Holder or
to a successor corporation of such Holder; provided, however,
that in each such case, the transferee shall receive and hold such Acquired
Shares subject to, and the transferee and all of the transferees’ Affiliates
shall agree to be bound by, all the terms of this Agreement, which terms shall
also inure to the benefit of such transferees, and there shall be no further
transfer of such Acquired Shares, except in accordance with the provisions of
this Section 5.1; or

 

(g)           dispositions
pursuant to any merger, consolidation, reorganization or recapitalization to
which SkyTerra is a party or in connection with any reclassification of Acquired
Shares.

 

provided, that
in the event that any Seller seeks to effect a Disposition of any Acquired
Shares pursuant to clauses (b), (c) or (f) of this Section 5.1, (i) such
Disposition is made in compliance with applicable securities laws, and (ii) prior
to such Disposition, such Seller shall have delivered to SkyTerra an opinion of
counsel stating that such Disposition (A) is permitted by this Agreement
and the applicable Merger / Purchase Agreement on Schedule A hereto, (B) does
not require registration under the Securities Act, and (C) does not cause
the applicable Merger /
Purchase Agreement to be required to have been registered under the
Securities Act and that this Agreement is enforceable against the transferee of
such Acquired Shares.

 

8

 

SECTION 6.         INTENTIONALLY OMITTED

 

SECTION 7.         DEFINITIONS.

 

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

 

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

 

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

 

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

 

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

 

SECTION 8.         MISCELLANEOUS.

 

8.1          Legends and Stop
Transfer Orders.

 

(a)           Each of
the Holders hereby agrees that all certificates representing Acquired Shares
shall have the following legend (or other legend to the same effect): “The
shares represented by this certificate are subject to restrictions on transfer
and other restrictions pursuant to the provisions of a Registration Rights
Agreement, dated May 6, 2006, by and among the Holders (as defined
therein) and SkyTerra Communications, Inc., a copy of which is on file with
each Holder or the office of the corporate secretary thereof.”

 

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

 

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

 

9

 

8.2          Consolidation or
Merger of SkyTerra.

 

For as long as the Holders continue to hold any Acquired Shares, if any
of the following events (collectively, a “SkyTerra Change of Control”) occurs, namely:

 

(a)           any
reclassification or exchange of the outstanding Acquired Shares (other than a
change in par value, or from par value to no par value, or from no par value to
par value, or as a result of a subdivision or combination);

 

(b)           any
merger, consolidation, statutory share exchange or combination of SkyTerra with
another corporation as a result of which holders of Acquired Shares shall be
entitled to receive stock or other securities with respect to or in exchange
for such Acquired Shares; or

 

(c)           any sale
or conveyance of the properties and assets of SkyTerra as, or substantially as,
an entirety to any other corporation as a result of which holders of Acquired
Shares shall be entitled to receive stock or other securities with respect to
or in exchange for such Acquired Shares;

 

SkyTerra shall enter into, or SkyTerra shall cause
the successor or purchasing corporation to enter into, as the case may be,
an agreement with the Holders that provides the Holders with substantially
similar rights as provided in this Agreement with respect to the stock or other
securities to be issued in the SkyTerra Change of Control transaction with
respect to or in exchange for the Acquired Shares.

 

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

 

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

 

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

 

8.6          Severability. If any term, provision, covenant or
restriction of this Agreement, or any part thereof, is held by a court of
competent jurisdiction or any foreign federal, state, county, or local
government or any other governmental, regulatory, or administrative agency or
authority to be invalid, void, unenforceable, or against public policy for any
reason, the remainder of the terms, 

 

10

 

provisions,
covenants, and restrictions of this Agreement shall remain in full force and
effect and shall in no way be affected, impaired, or invalidated.

 

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

 

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

 

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

 

8.10        GOVERNING LAW;
CONSENT OF EXCLUSIVE JURISDICTION; WAIVER OF JURY TRIAL. THIS AGREEMENT AND THE VALIDITY AND
PERFORMANCE OF THE TERMS HEREOF SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES
OF CONFLICTS OF LAW OR CHOICE OF LAW. THE PARTIES HERETO HEREBY AGREE THAT ALL
ACTIONS OR PROCEEDINGS ARISING DIRECTLY OR INDIRECTLY FROM OR IN CONNECTION
WITH THIS AGREEMENT SHALL BE LITIGATED ONLY IN THE STATE OR FEDERAL COURTS
LOCATED IN MANHATTAN IN THE STATE OF NEW YORK. TO THE EXTENT PERMITTED BY
APPLICABLE LAW, THE PARTIES HERETO CONSENT TO THE EXCLUSIVE JURISDICTION AND
VENUE OF THE FOREGOING COURTS AND CONSENT THAT ANY PROCESS OR NOTICE OF MOTION
OR OTHER APPLICATION TO EITHER OF SAID COURTS OR A JUDGE THEREOF MAY BE
SERVED INSIDE OR OUTSIDE THE STATE OF NEW YORK BY REGISTERED MAIL, RETURN
RECEIPT REQUESTED, DIRECTED TO SUCH PARTY AT ITS ADDRESS SET FORTH IN THIS
AGREEMENT (AND SERVICE SO MADE SHALL BE DEEMED COMPLETE FIVE (5) DAYS
AFTER THE SAME HAS BEEN POSTED AS AFORESAID) OR BY PERSONAL SERVICE OR IN SUCH
OTHER MANNER AS MAY BE PERMISSIBLE UNDER THE RULES OF SAID COURTS. THE
PARTIES HERETO HEREBY WAIVE ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY
LITIGATION PURSUANT TO THIS AGREEMENT.

 

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

 

11

 

	
  To :
  Trophy Hunter Investments, Ltd., Bay Harbour 90-1, Ltd. and/or 

  Bay Harbour Master Ltd.

  
	
   

  
	
  Bay Harbour
  Management

  
	
   

  
	
  Len Chazen

  
	
  c/o Covington & Burling

  
	
  1330
  Avenue of the Americas

  
	
  New York,
  NY 10019

  
	
  Facsimile:
  (212) 841-1010

  
	
   

  
	
  To :
  Continental Casualty Company

  
	
   

  
	
  Continental
  Casualty Company

  
	
  CNA Center

  
	
  Chicago, IL 60685

  
	
  Facsimile:
  (312) 822-4175

  
	
  Attention:
  Securities Handling, 23S, Corporate Actions

  
	
   

  
	
  To :
  Maranello Holdings LLC

  
	
   

  
	
  Maranello Holdings LLC

  
	
   

  
	
  Len Chazen

  
	
  c/o Covington & Burling

  
	
  1330
  Avenue of the Americas

  
	
  New York,
  NY 10019

  
	
  Facsimile:
  (212) 841-1010

  
	
   

  

 

12

 

	
  To :
  Scoggin IV LLC

  
	
   

  
	
  Scoggin
  Capital

  
	
  660 Madison
  Ave., 20th Floor

  
	
  New York, NY 10021

  
	
  Facsimile:
  (212) 355-7480

  
	
  Attention:
  Doug Rothschild, Renee Koevary and Bill Wrankel

  
	
   

  
	
  To : Mr. Jeffrey
  Benjamin

  
	
   

  
	
  Mr. Jeffrey
  Benjamin

  
	
  133 East
  64th St.

  
	
  New York, NY 10021

  
	
  Facsimile: (212)
  515-3267

  
	
   

  
	
  To : Mr. Norman
  Brownstein

  
	
   

  
	
  Brownstein
  Hyatt Farber

  
	
  410
  Seventeenth Street

  
	
  Twenty-Second Floor

  
	
  Denver,
  CO 80202-4437

  
	
  Facsimile:
  (303) 223-1111

  
	
  Attention: Mr. Norman
  Brownstein

  
	
   

  
	
  To
  SkyTerra Communications, Inc.:

  
	
   

  
	
  SkyTerra
  Communications, Inc.

  
	
  19 West 44th
  Street, Suite 507

  
	
  New York,
  New York 10036

  
	
  Facsimile:
  (212) 730-7523

  
	
  Attn:Robert
  C. Lewis

  
	
   

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

  
	
   

  
	
  Skadden,
  Arps, Slate, Meagher & Flom LLP

  
	
  Four Times
  Square

  
	
  New York,
  New York 10036

  
	
  Facsimile:
  (917) 777-2918

  
	
  Attn:  Gregory
  A. Fernicola, Esq

  

 

13

 

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

 

	
   

  	
  SKYTERRA
  COMMUNICATIONS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey A. Leddy

  	
   

  
	
   

  	
   

  	
  Name: Jeffrey A. Leddy

  
	
   

  	
   

  	
  Title: Chief Executive
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TROPHY HUNTER INVESTMENTS, LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven Van Dyke

  	
   

  
	
   

  	
   

  	
  Name: Steven Van Dyke

  
	
   

  	
   

  	
  Title: Managing
  Principal

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BAY HARBOUR 90-1, LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven Van Dyke

  	
   

  
	
   

  	
   

  	
  Name: Steven Van Dyke

  
	
   

  	
   

  	
  Title: Managing
  Principal

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BAY HARBOUR MASTER LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven Van Dyke

  	
   

  
	
   

  	
   

  	
  Name: Steven Van Dyke

  
	
   

  	
   

  	
  Title: Managing
  Principal

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CONTINENTAL
  CASUALTY COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marilou R. McGirr

  	
   

  
	
   

  	
   

  	
  Name: Marilou R. McGirr

  
	
   

  	
   

  	
  Title: Vice President
  and

  Assistant Treasurer

  
	
   

  	
   

  
					

 

14

 

	
   

  	
  MARANELLO
  HOLDINGS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Peter Wainman

  	
   

  
	
   

  	
   

  	
  Name: Peter Wainman

  
	
   

  	
   

  	
  Title: Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SCOGGIN
  IV LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Craig Effron

  	
   

  
	
   

  	
   

  	
  Name: Craig Effron

  
	
   

  	
   

  	
  Title: 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MR. JEFFREY
  BENJAMIN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey Benjamin

  	
   

  
	
   

  	
   

  	
  Name: Jeffrey Benjamin

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MR. NORMAN BROWNSTEIN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Norman Brownstein

  	
   

  
	
   

  	
   

  	
  Name: Norman Brownstein

  

 

15

 

Schedule A

 

Merger / Purchase Agreements

 

Agreement and Plan of
Merger dated as of May 6, 2006 between SkyTerra, Bay Harbour and MSV
Investors Holdings, Inc.

 

Asset Purchase Agreement
dated as of May 6, 2006 among Continental Casualty Company, MSV Investors
Holdings, Inc., and SkyTerra Communications, Inc.

 

Asset Purchase Agreement
dated as of May 6, 2006 among Maranello Holdings LLC, MSV Investors
Holdings, Inc., and SkyTerra Communications, Inc.

 

Asset Purchase Agreement
dated as of May 6, 2006 among Scoggin IV LLC, MSV Investors Holdings, Inc.,
and SkyTerra Communications, Inc.

 

Asset Purchase Agreement
dated as of May 6, 2006 among Mr. Jeffrey Benjamin, MSV Investors
Holdings, Inc., and SkyTerra Communications, Inc.

 

Asset Purchase Agreement
dated as of May 6, 2006 among Mr. Norman Brownstein, MSV Investors
Holdings, Inc., and SkyTerra Communications, Inc.Exhibit 10.8

 

AMENDMENT NO. 2 TO
TERRESTAR NETWORKS INC.

STOCKHOLDER’S AGREEMENT

 

THIS AMENDMENT NO. 2 (this
“Amendment”) to the TerreStar Networks Inc. (“TerreStar”)
Stockholder’s Agreement, dated as of May 11, 2005, as amended from time to time
(the “Agreement”) is hereby adopted by the Stockholders of TerreStar
this 6th day of May, 2006.

 

WHEREAS, the
Agreement provides that it may be amended by the written agreement of a
majority of the Shares held by the Stockholders (as such terms are defined in
the Agreement);

 

WHEREAS, the
Stockholders executing this Amendment, who together hold a majority of the
Shares, wish to amend the Agreement as set forth herein, which amendment shall
be effective as to all Stockholders from and after the date hereof; and

 

WHEREAS, capitalized
terms used in this Amendment but not defined herein shall have the meanings
ascribed thereto in the Agreement.

 

NOW
THEREFORE, the parties hereto hereby agree as follows:

 

1.             Amendment of Clause 8.1(b)(ii).  Clause 8.1(b)(ii) of the Agreement is hereby
amended to read in its entirety as follows:

 

“(ii)         delivers
to Motient Sub, each Minority Stockholder and the TSTR Group (each such Person
being referred to in this Section 8.1 as a “Buyer”)
a written notice (the “Notice of Proposed
Issuance”) specifying the type and amount of such debt or equity
securities that the Company then intends to issue (the “Offered Securities”), all of the material
terms, including the price (cash or non-cash) upon which the Company proposes
to issue the Offered Securities and stating that the Buyers shall have the
right to purchase the Offered Securities in the manner specified in this
Section 8.1 for the same price per share and in accordance with the same
terms and conditions specified in such Notice of Proposed Issuance, provided,
that if such price consists of non-cash consideration, a Buyer may purchase the
Offered Securities with the same type and amount of non-cash consideration
described in such Notice of Proposed Issuance or, may instead, pay for such
Offered Securities with the cash equivalent of such price, such equivalent to
be agreed to by the parties or else determined by an independent Expert (as
hereinafter defined) or another nationally recognized investment bank agreed to
by the parties.  Anything to the contrary
contained herein notwithstanding, (i) a Stockholder who is a Minority
Stockholder shall no longer constitute a Buyer, and shall no longer have the
rights provided in this Section 8.1, upon the first date that such person
ceases to be a Minority Stockholder, and (ii) the TSTR Group shall no longer
constitute a Buyer, and shall no longer have the rights provided in this
Section 8.1, upon the first date that the TSTR Group ceases to own at least the
number of Shares (including, for the avoidance of doubt, all Shares that are
issuable to Dr. Rajendra Singh upon the exercise of any outstanding Options)
owned or held by the TSTR Group (including Dr. Singh) as of April 1, 2005 (as
adjusted for stock splits, reverse stock splits, stock dividends, combinations,
recapitalizations and similar events).”

 

 

2.             Amendment of Clause 8.2(a)(ii).  Clause 8.2(a)(ii) of the Agreement is hereby
amended to read in its entirety as follows:

 

“(ii)         Obligation of Transferee to Purchase.  The transferee of the Selling Party shall
purchase from the Selling Party and each Tag Along Participant the portion of
such Selling Party’s and Tag Along Participant’s Shares that such Selling Party
and Tag Along Participant desire to sell; provided, that in the event that the
transferee is not willing to purchase all of the shares the Selling Party and
the Tag Along Participants desire to sell, the transferee shall purchase from
the Selling Party and each Tag Along Participant a portion of such securities
that shall not exceed the Maximum Tag Along Portion (as hereinafter defined)
and, if such portion does exceed the Maximum Tag Along Portion, the transferee
shall be obligated to purchase only the Maximum Tag Along Portion.  For purposes hereof, the term “Maximum Tag Along Portion” means a portion
of the Selling Party’s or a Tag Along Participant’s Shares equal to the
aggregate number of Shares the transferee actually proposes to purchase
multiplied by a fraction, the numerator of which shall be the number of Shares
issued and owned by such Selling Party or Tag Along Participant (including, for
the avoidance of doubt, in the case of participating Option Holders, Shares to
be acquired upon the exercise of any vested Options owned by such Option Holder
and to be included in such Transfer) and the denominator of which shall be the
aggregate number of Shares owned by the Selling Party and each Tag Along
Participant exercising its rights under this Section 8.2(a) (including, for the
avoidance of doubt, Shares to be acquired upon the exercise of vested Options
owned by participating Option Holders and to be included in such Transfer);
provided, however, that if the Selling Party proposes to Transfer Shares
representing 50% or more of the issued and outstanding Shares, the Maximum Tag
Along Portion for each Tag Along Participant shall be equal to all of the
Shares owned by such Tag Along Participant. 
To the extent one or more Tag Along Participants exercise such right of
participation in accordance with the terms and conditions of this Section 8.2(a),
the number of shares that the Selling Party may sell in the transaction shall
be correspondingly reduced if the transferee is not willing to purchase all of
the shares the Selling Party and the Tag Along Participants desire to sell.  For the avoidance of doubt, the Option
Holders shall be treated as a single Tag Along Participant for purposes of this
Section 8.2(a), and the number of Shares owned by such Option Holders and
proposed to be sold by such Option Holders shall be determined by the Option Holder
Representative in its reasonable discretion based on instructions received from
the Option Holders.”

 

3.             New Section 8.2(a)(vi).  There shall be added to the Agreement a new
Section 8.2(a)(vi), following existing Section 8.2(a)(v), as follows:

 

“(vi)        Notwithstanding
the foregoing, if the written offer by the transferee that is required to be
made to the Option Holders pursuant to Section 8.2(a)(i) above would require
registration under the Securities Act of 1933, as amended, the Selling Party
may Transfer its Shares, and the requirements of this Section 8.2(a) shall be
deemed satisfied, if the transferee agrees with the Selling Party that it will,
promptly after such Transfer, use its commercially reasonable efforts to effect
such registration and to make such offer, and will accept for purchase all
Shares properly tendered by such Option Holders in accordance therewith, at the
Tag Along Price and in compliance with applicable laws.”

 

4.             Amendment to Definition of Excluded Securities.  The definition of “Excluded Securities in
Section 1 of the Agreement is hereby amended to read in its entirety as
follows:

 

 

“Excluded Securities” means (A) any equity
securities in the Company (i) issued in connection with the acquisition of the
business of another entity, whether by the purchase of equity securities,
assets or otherwise, provided, that
such equity securities are issued at a price no less than fair market value as
reasonably determined by the board of directors of the Company, (ii) issued as
part of an Initial Public Offering or other registered underwritten public
offering of the Company’s securities, (iii) issued under the Option Plan
or any other equity compensation plan approved by the board of directors of
Company, (iv) issued to financial institutions, financial syndicates,
lessors, vendors or other third parties in connection with bona fide commercial
credit arrangements, equipment financings, or similar transactions for
primarily other than equity financing purposes, and (v) issued to Motient or
its subsidiaries as Common Stock of the Company in an amount up to $300 million
at a price per share of $30.53 prior to August 30, 2006, and (B) any debt
securities of the Company (i) issued in connection with the acquisition of the
business of another entity, whether by the purchase of equity securities,
assets or otherwise, (ii) issued as part of a registered underwritten public
offering of the Company’s securities, (iii) issued to lessors, vendors,
financial institutions or other third parties in connection with bona fide equipment financings or similar
transactions in which the proceeds of the borrowings are not intended to be
used by the Company for general corporate purposes or working capital,
including without limitation Purchase Money Indebtedness and (iv) having no
equity features in a principal amount not to exceed $150 million prior to
August 30, 2006.”

 

5.             Consent of Minority Stockholders.  The Minority Stockholders who are parties
hereto hereby consent to the issuance of up to $300 million of the Company’s
equity securities to Motient as described in Section (A)(v) of the definition
of Excluded Securities set forth in Section 3 of this amendment as required by
Section 8.5(a) of the Agreement.

 

6.             Effect of Amendment.  All the provisions of this Amendment shall be
deemed to be incorporated in, and made a part of, the Agreement; and the
Agreement, as supplemented and amended by this Amendment, shall be read, taken
and construed as one and the same instrument, and except as expressly amended
hereby, the terms and conditions of the Agreement shall continue in full force
and effect.  All references to “this
Agreement” in the Agreement or to the words “hereof,” “hereunder” or “herein”
or words of similar effect in the Agreement shall mean the Agreement as amended
hereby.

 

7.             Severability.  Should any
one or more of the provisions of this Amendment be determined to be illegal or
unenforceable, each other provision of this Amendment shall be given effect
separately from the provision or provisions determined to be illegal or
unenforceable and shall not be affected thereby.

 

8.             Counterparts.  This Amendment may be executed in any number
of counterparts, each of which shall be deemed an original but all of which
shall constitute one and the same instrument.

 

[Signature page follows]

 

 

IN WITNESS
WHEREOF, the parties hereto have executed this Agreement as of the day and year
first written above.

 

	
   

  	
  TERRESTAR
  NETWORKS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert
  Macklin

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert
  Macklin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE OPTION HOLDER
  REPRESENTATIVE:

  
	
   

  	
   

  
	
   

  	
  TERRESTAR
  NETWORKS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert
  Macklin

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert
  Macklin

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  MOTIENT
  VENTURES HOLDING INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Christopher Downie

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Christopher
  Downie

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice
  President

  
	
   

  	
   

  	
   

  	
  and Chief
  Operating Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  MSV
  INVESTORS, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  MSV
  Investors Holdings, Inc.,

  
	
   

  	
   

  	
  Its Managing
  Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeffrey
  A. Leddy

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Jeffrey A.
  Leddy

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Executive Officer

  
								

 

 

	
   

  	
  SPECTRUM
  EQUITY INVESTORS IV, L.P.

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  Spectrum
  Equity Associates IV, L.P.

  
	
   

  	
   

  	
  Its General
  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Kevin J.
  Maroni

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Kevin J.
  Maroni

  
	
   

  	
   

  	
  Title:

  	
  General
  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  SPECTRUM IV
  INVESTMENT MANAGERS’

  FUND, L.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Kevin J.
  Maroni

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Kevin J.
  Maroni

  
	
   

  	
   

  	
  Title:

  	
  General
  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  SPECTRUM
  EQUITY INVESTORS PARALLEL

  IV, L.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:   Spectrum Equity Associates IV, L.P., its

  General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Kevin J.
  Maroni

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Kevin J.
  Maroni

  
	
   

  	
   

  	
  Title:

  	
  General
  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  COLUMBIA
  CAPITAL EQUITY PARTNERS III

  (QP), L.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Columbia
  Capital Equity Partners III, L.P., as

  General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Donald A.
  Doering

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Donald A.
  Doering

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer

  
							

 

 

	
   

  	
  COLUMBIA
  CAPITAL EQUITY PARTNERS III

  (AI), L.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Columbia
  Capital Equity Partners III, L.P., as

  General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Donald
  A. Doering

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Donald A.
  Doering

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  COLUMBIA
  CAPITAL EQUITY PARTNERS III

  (CAYMAN), L.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Columbia
  Capital Equity Partners

  
	
   

  	
   

  	
  (Cayman)
  III, Ltd., as General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Donald
  A. Doering

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Donald A.
  Doering

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  COLUMBIA
  CAPITAL INVESTORS III, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Columbia
  Capital Equity Partners III, L.P., as

  General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Donald
  A. Doering

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Donald A.
  Doering

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  COLUMBIA
  CAPITAL EMPLOYEE

  INVESTORS III, L.L.C.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: Columbia
  Capital III, L.L.C., its Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Donald
  A. Doering

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Donald A.
  Doering

  
	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]