Document:

Funding Agreement, dated February 14, 2007

 Exhibit 10.3 
 Motient Ventures Holding Inc. 
 Motient Corporation 
 One Discovery Square 
 12010 Sunset Hills Road,
6th Floor 
 Reston, Virginia 20190 
 February 14, 2007 
 TerreStar Networks Inc. 
 One Discovery Square 
 12010 Sunset Hills Road, 6th Floor 
 Reston, Virginia 20190 
 Attn: Jeffrey Epstein 
 Dear Sirs: 
 This letter agreement (this “Agreement”) is to document the obligation of Motient Ventures Holding Inc., a Delaware corporation (“MVH”), to contribute to TerreStar Networks Inc., a
Delaware corporation (“TerreStar”), at MVH’s option, either (i) 8,644,406 shares of common stock issued by SkyTerra Communications, Inc. (“SkyTerra”) (such shares, the “SkyTerra Shares”)
or (ii) cash in an amount equal to the proceeds (net of selling expenses and taxes) from the sale of the SkyTerra Shares to one or more third party buyers, in either case in exchange for a number of shares of common stock of TerreStar equal to
the product of (A) (x) the average of the bid and ask prices for one SkyTerra Share at the close of trading on the last trading day prior to the day of such contribution divided by (y) the fair market value of one share of TerreStar
common stock at the close of trading on such last trading day prior to the day of such contribution (as determined in good faith by the board of directors of TerreStar) multiplied by (B) 8,644,406. Such contribution shall be made either
(i) upon TerreStar’s demand at any time after the earlier of the date on which MVH’s equity interest in TerreStar equals or exceeds 80% or October 31, 2007 or (ii) at any time at MVH’s option. 
 This Agreement also documents the obligation to TerreStar of Motient Corporation, a Delaware corporation (“Motient”), to cause MVH, an
indirect wholly-owned subsidiary of Motient, to comply with MVH’s obligations under this Agreement. 
 MVH, in order to secure its
obligations under this Agreement, hereby grants a security interest in all of its right, title and interest, whether now owned and existing or hereafter acquired or arising, and wherever located, in the SkyTerra Shares and the proceeds thereof to
TerreStar. TerreStar shall have all of the rights and remedies with respect to the SkyTerra Shares of a secured party under the Uniform Commercial Code as in effect in the State of New York (whether or not the Uniform Commercial Code is in effect in
the jurisdiction where the rights and remedies are asserted) and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies under this Agreement may be
asserted, including, without limitation, the right, to the maximum extent permitted by law, to exercise all voting, consensual and other powers of ownership pertaining to the SkyTerra Shares as if TerreStar were the sole and absolute owner thereof
(and each of Motient and MVH agrees to take all such action as may be appropriate to give effect to such right). Each of Motient and MVH recognizes that TerreStar will pledge its interest under this Agreement and in the SkyTerra Shares to U.S. Bank
National Association, as collateral agent (the “Collateral Agent”), for the benefit of the holders of TerreStar’s 15% Senior Secured PIK Notes due 2014 and each of Motient and MVH consents to the enforcement by the Collateral Agent of
the Collateral Agent’s rights under such 

 
pledge and acknowledges the ability of the Collateral Agent to assert the rights of TerreStar under this Agreement following any foreclosure of the
Collateral Agent’s rights under the pledge. MVH shall deliver the certificates evidencing the SkyTerra Shares to the Collateral Agent to hold for the benefit of TerreStar. 
 TerreStar hereby agrees to be bound, with respect to the SkyTerra Shares, by the terms of the Registration Rights Agreement, dated as of
September 25, 2006, as amended, between Motient and SkyTerra and by the terms of Section 4.7 of the Exchange Agreement dated as of May 6, 2006 (the “Exchange Agreement”) by and among Motient, MVH and SkyTerra. SkyTerra shall
be a third party beneficiary of this paragraph. 
 Each party hereto acknowledges receipt of copies of (i) the letter agreement dated
February 2, 2007 made by Motient and MVH and acknowledged and agreed by SkyTerra related to the Exchange Agreement and (ii) Amendment No. 1, dated as of February 2, 2007, to Registration Rights Agreement, dated as of
September 25, 2006, by and between Motient and SkyTerra, pursuant to which SkyTerra acknowledged and agreed that TerreStar and the Collateral Agent shall succeed to the rights of Motient under the Registration Rights Agreement and
Section 4.7 of the Exchange Agreement. 
 THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND THIS AGREEMENT AND ALL CLAIMS AND
CAUSES OF ACTION ARISING OUT OF THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK. 
 [Remainder of
page intentionally left blank.] 
  

 2 

			
	Sincerely,
	
	MOTIENT CORPORATION
		
	By:	 	/s/ Jeffrey W. Epstein
	Name:	 	Jeffrey W. Epstein
	Title:	 	General Counsel and Secretary
	
	MOTIENT VENTURES HOLDING INC.
		
	By:	 	/s/ Jeffrey W. Epstein
	Name:	 	Jeffrey W. Epstein
	Title:	 	Secretary

  

			
	Acknowledged and Agreed:
	TERRESTAR NETWORKS INC.
		
	By:	 	/s/ Jeffrey W. Epstein
	Name:	 	Jeffrey W. Epstein
	Title:	 	Acting General Counsel and Secretary

  

 3Exhibit 10.1

 EXHIBIT 10.1 
  

			
	RBC Centura	 	Commercial Promissory Note
(SD-L&S)

  

			
	$486,000.00	 	Greenville, South Carolina
		 	February 9, 2007
	Original Loan	 	

 FOR VALUE RECEIVED, the undersigned (whether one or more, “Borrower”) promises to pay to RBC CENTURA
BANK (“Bank”), or order, the sum of Four Hundred Eighty-Six Thousand and No/100 Dollars ($486,000.00), or so much thereof as shall have been disbursed from time to time and remains unpaid, together with interest at the rate and
payable in the manner hereinafter stated. Principal and interest shall be payable at any banking office of Bank in the city or town indicated above, or such other place as the holder of this Note may designate. 
 Article I. Interest Rate. 
 Section 1.1. Rate of
Accrual. Interest will accrue on the unpaid principal balance at the rate set forth in Section 1.2.1. until maturity of this Note, whether such maturity occurs by acceleration or on the Maturity Date. Interest will accrue on any
unpaid balance owing under this Note, whether principal, interest, fees, premiums, charges or costs and expenses, after maturity at the rate set forth in Section 1.2.2. All accrual rates of interest under this Note will be contract rates
of interest, whether a pre-default rate or a default rate, and references to contract rates in any loan documents executed and delivered by Borrower or others to Bank in connection with this Note shall be to such contract rates. 
 Section 1.2. Interest Rates. 
 1.2.1. Pre-Default Rate.
Subject to the provisions of Section 1.2.2. below, interest payable on this Note per annum will accrue at the fixed rate of seven and eighty-five one hundredths percent (7.85%) 
 1.2.2. Default Rate. Upon the nonpayment of any payment of interest described herein, Bank, at its option and without accelerating this Note, may accrue interest
on such unpaid interest at a rate per annum (“Default Rate”) equal to the lesser (i) of the maximum rate of interest that may be charged to and collected on commercial loans without violating applicable law or (ii) five percent
(5.0%) plus the pre-default interest rate otherwise applicable hereunder, as set forth in Section 1.2.1. After maturity of this Note, whether by acceleration or otherwise, interest will accrue on the unpaid principal of this Note,
any accrued but unpaid interest and all fees, premiums, charges and costs and expenses owing hereunder at the Default Rate until this Note is paid in full, whether this Note is paid in full pre-judgment or post-judgment. 
 1.2.3. Calculation of Interest. All interest payable under this Note shall accrue daily on the basis of the actual number of days elapsed and a year of three
hundred sixty (360) days. In computing the number of days during which interest accrues, the day on which funds are initially advanced shall be included regardless of the time of day such advance is made, and the day on which funds are repaid
shall be included unless repayment is credited prior to close of business. Payments in federal funds, immediately available in the place designated for payment, received by Bank prior to 2:00 p.m. local time at said place of payment, shall be
credited as if received prior to close of business on the day the funds are immediately available; while other payments, at the option of Bank, may not be credited until such payments are immediately available to Bank, in federal funds, in the place
designated for payment, prior to 2:00 p.m. local time at said place of payment on a day on which Bank is open for business. 

 Article II. Payment Terms. 
 Section 2.1. Interest Payment Terms. Payments under this Note include an interest component and a principal component. The interest component shall be payable with principal and the payment set forth in
Section 2.2 below includes both principal and interest. 
 Section 2.2. Principal Payment Terms;
Maturity Date. Principal and interest shall be payable in thirty five (35) equal consecutive monthly payments, based on a fifteen (15) year amortization, commencing on March 9, 2007, and continuing on the same day of each calendar
month thereafter until January 9, 2010, with a final, thirty six (36th) payment due on February 9,
2010 (herein referred to as the “Maturity Date”), which final payment shall be equal to the entire balance of principal, interest, fees, premiums, charges and costs and expenses then outstanding on this Note. 
 Section 2.3. Prepayment. This Note may be prepaid in whole or in part at any time without penalty. 
 Section 2.4. Application of Payments. All payments made on this Note shall be applied first to payment of all late fees, charges, premiums and costs and
expenses due but unpaid under this Note, then to accrued but unpaid interest and finally to principal, in the inverse order of the payment dates therefor, unless Bank determines in its sole discretion to apply payments in a different order or
applicable law requires a different application of payments. The partial prepayment of this Note, if permitted, shall not result in a payment holiday or any other deferral of any regularly scheduled payments under this Note, all of which shall be
made as and when the same are scheduled to be paid. 
 Article III. Loan Agreement and Security. 
 Section 3.1. Loan Agreement. Borrower and Bank entered into an amended and restated loan and security agreement dated January 2, 2007 (“Amended and
Restated Loan and Security Agreement”). Borrower shall perform and abide by, as and when so required, each and all of the covenants, terms and conditions imposed upon or applicable to Borrower in the Amended and Restated Loan and Security
Agreement and all security documents and other agreements referenced therein. This Note shall be subject to the terms and conditions of such Amended and Restated Loan and Security Agreement, and if any terms or conditions of these two agreements
conflict, the terms and conditions of the Amended and Restated Loan and Security Agreement shall prevail. 
 Section 3.2. Security Documents.
This Note is secured by (1) the Amended and Restated Loan and Security Agreement, (2) the security documents and other supporting obligations identified in the Amended and Restated Loan and Security Agreement, (3) the security
documents and other supporting obligations which reference that they secure this Note or the Amended and Restated Loan and Security Agreement, (4) any security documents and other supporting obligations which reference that they secure all
indebtedness or other obligations owing from time to time by Borrower to Bank, and (5) any security documents and other supporting obligations which reference that they secure all indebtedness from time to time owing from Borrower to Bank other
than consumer credit as defined under the Federal Reserve Board’s Regulation Z (Truth-in-Lending) (12 CFR 226 et seq.) (“security documents”). 
 Article IV. Default and Acceleration. 
 Section 4.1. Late Charges and Expenses. Borrower agrees to pay, upon
demand by Bank or if demand is not sooner made, on maturity of this Note, whether such maturity occurs by acceleration or on the Maturity Date, for each payment past due for fifteen (15) or more calendar days, a late charge in an amount equal
to the lesser of (1) four percent (4%) of the amount of the payment past due or (2) the maximum percentage of the payment past due permitted by applicable law, or the maximum amount if not expressed as a percentage. If this Note is
not paid in full whenever it becomes due and payable, Borrower agrees to pay all costs and expenses of collection, including reasonable attorneys’ fees. Borrower hereby stipulates that reasonable attorneys’ fees shall be fifteen percent
(15%) of the outstanding balance (principal, interest, fees, premiums, charges and costs and expenses) owing under this Note after default and referral to an attorney not a salaried employee of Bank. 

 Section 4.2. Default. Any Event of Default under the Amended and Restated Loan and Security Agreement shall
constitute an event of default (“Event of Default”) under this Note. 
 Section 4.3. Acceleration. Upon the occurrence of an Event of
Default, (1) the entire unpaid principal balance of this Note, together with all other amounts owing and all other amounts to be owing under this Note, shall, at the option of Bank, become immediately due and payable, without notice or demand,
and (2) the Bank may, both before and after acceleration, exercise any of and all of its other rights and remedies under this Note and the other loan documents, as well as any additional rights and remedies it may have at law and it may have in
equity, to recover full payment of the balance (principal, interest, fees, premiums, charges and costs and expenses) owing under this Note. The failure by Bank to exercise any of its options shall not constitute a waiver of the right to exercise
same in the event of any subsequent default. 
 Article V. Miscellaneous. 
 Section 5.1. Use and Application of Terms. To the end of achieving the full realization by Bank of its rights and remedies under this Note, including payment in full of the loan evidenced hereby, in using
and applying the various terms, provisions and conditions in this Note, the following shall apply: (1) words in the masculine gender mean and include correlative words of the feminine and neuter genders and words importing the singular numbered
meaning include the plural number, and vice versa; (2) words importing persons include firms, companies, associations, general partnerships, limited partnerships, limited liability partnerships, limited liability limited partnerships, limited
liability companies, trusts, business trusts, corporations and legal entities, including public and quasi-public bodies, as well as individuals; (3) the term “Note” refers to this Commercial Promissory Note, the term “loan
documents” refers to this Note, the Amended and Restated Loan and Security Agreement and any security documents and other documents and agreements executed and delivered to Bank or others on Bank’s behalf in connection with this Note, and
the term “Borrower” refers to all signatories of this Note collectively and severally, as the context of this Note requires, and all signatories of this Note shall be and the same are jointly and severally liable hereunder; (4) as the
context requires, the word “and” may have a joint meaning or a several meaning and the word “or” may have an inclusive meaning or an exclusive meaning; (5) the term “subsidiary” means any registered organization or
other organization (i) the majority (by number of votes) of the outstanding voting interests of which is at the time owned or controlled by Borrower, or by one or more subsidiaries of Borrower, or Borrower and one or more subsidiaries of
Borrower, or (ii) otherwise controlled by or within the control of Borrower or any subsidiary; (6) the other loan documents shall be applied and construed in harmony with each other to the end that Bank is ensured repayment of the loan
evidenced by this Note in accordance with the terms of this Note and such other loan documents, provided that, in the event of a conflict between the terms of this Note and any other loan documents (on the one hand) and the Amended and Restated Loan
and Security Agreement (on the other hand), the terms of the Amended and Restated Loan and Security Agreement shall prevail; and this Note and the other loan documents shall not be applied, interpreted and construed more strictly against a person
because that person or that person’s attorney drafted this Note or any of the other loan documents; (7) Bank does not intend to and shall not reserve, charge or collect interest, fees or charges hereunder in excess of the maximum rates or
amounts permitted by applicable law and if any interest, fees or charges are reserved, charged or collected in excess of the maximum rates or amounts, it shall be construed as a mutual mistake, appropriate adjustments shall be made by Bank and to
the extent paid, the excess shall be returned to the person making such a payment; (8) wherever possible each provision of this Note shall be interpreted and applied in such manner as to be effective and valid under applicable law, but if any
provision of this Note shall be prohibited or invalid under such law, or the application thereof shall be prohibited or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating
the remainder of such provision or the remaining provisions of this Note, or the application thereof shall be in a manner and to an extent permissible under applicable law; and (9) and any capitalized term used herein and not defined herein
shall have the meaning assigned to such term in the Amended and Restated Loan and Security Agreement. 
 Section 5.2. Documentary and Intangibles
Taxes. To the extent not prohibited by law and notwithstanding who is liable for payment of the taxes and fees, Borrower shall pay, on Bank’s demand, all intangible personal property taxes, documentary stamp taxes, excise taxes and other
similar taxes assessed, charged or required to be paid in connection with the loan evidenced by this Note, or any extension, renewal or modification of such loan, or assessed, charged or required to be paid in connection with any of the loan
documents. 

 Section 5.3. Maintenance of Records by Bank. Bank is authorized to maintain, store and otherwise retain the
loan documents in their original, inscribed tangible forms or records thereof in an electronic medium or other non-tangible medium which permits such records to be retrieved in perceivable forms. 
 Section 5.4. Right of Set-off; Recoupment. Upon the occurrence of an Event of Default, Bank is authorized and empowered to apply to the payment hereof, any
and all money deposited in Bank in the name of or to the credit of Borrower, without advance notice, and is authorized to offset any obligation of Bank to Borrower to the payment hereof and is authorized to exercise its rights of recoupment relative
to Borrower. 
 Section 5.5. Waiver. Borrower waives presentment, demand, protest and notice of dishonor, waives any rights which it may have to
require Bank to proceed against any other person or property, agrees that without notice to any person and without affecting any person’s liability under this Note, Bank, at any time or times, may grant extensions of the time for payment or
other indulgences to any person or permit the renewal, amendment or modification of this Note or any other agreement executed and delivered by any person in connection with this Note, or permit the substitution, exchange or release of any security
for this Note and may add or release any person primarily or secondarily liable, and agrees that Bank may apply all moneys made available to it from any part of the proceeds from the disposition of any security for this Note either to this Note or
to any other obligation of Borrower to Bank, as Bank may elect from time to time. No act or inaction of Bank under this Note shall be deemed to constitute or establish a “course of performance or dealing” that would require Bank to so act
or refrain from acting in any particular manner at a later time under similar or dissimilar circumstances. 
 Section 5.6. Jury and Jurisdiction.
This Note shall be governed by and construed in accordance with the substantive laws of the State of South Carolina, excluding, however, the conflict of law and choice of law provisions thereof, and except to the extent that the Code of another
jurisdiction is otherwise applicable to the Collateral. Borrower, to the extent permitted by law, waives any right to a trial by jury in any action arising from or related to this Note. 
 Section 5.7. Successors and Assigns. This Note shall apply to and bind Borrower’s and Bank’s heirs, personal representatives, successors and
assigns. All references in this Note to Bank shall include the holder hereof and this Note shall inure to the benefit of any holder, its successors and assigns; and, Borrower waives and will not assert against any transferee or assignee of this Note
any claims, defenses, set-offs or rights of recoupment which Borrower could assert against Bank, except defenses which Borrower cannot waive. Borrower acknowledges that Customer Numbers and Loan Numbers may be added to this Note after execution and
delivery of this Note by Borrower and if there is a section denoted “BANK USE ONLY”, the information under such section may also be completed by Bank after execution and delivery of this Note. In addition, in the event the date of this
Note is omitted, Borrower consents to Bank inserting the date. 
 Section 5.8. Anti-Money Laundering and Anti-Terrorism. Borrower represents,
warrants and covenants to Bank as follows: (1) Borrower (a) is not and shall not become a person whose property or interest in property is blocked or subject to blocking pursuant to Section 1 of Executive Order 13224 of
September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (b) does not engage in and shall not engage in any dealings or transactions
prohibited by Section 2 of such executive order, and is not and shall not otherwise become associated with any such person in any manner violative of Section 2, (c) is not and shall not become a person on the list of Specially
Designated Nationals and Blocked Persons, and (d) is not and shall not become subject to the limitations or prohibitions under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or executive order;
(2) Borrower is and shall remain in compliance, in all material respects, with (a) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B,
Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (b) the Uniting And Strengthening America By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism (USA Patriot Act of 2001);
and (3) Borrower has not and shall not use all or any part of the proceeds, advances or other amounts or sums evidenced by this Note, directly or indirectly, for any payments to any governmental official or employee, political party, official
of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of
1977, as amended. 

 The undersigned has executed this Note as of the day and year first above stated. 
 Notice –Waiver of Right of Appraisal 
 The laws
of South Carolina provide that in any real estate foreclosure proceeding a defendant against whom a personal judgment is taken or asked may within thirty days after the sale of the mortgaged property apply to the court for an order of appraisal. The
statutory appraisal value as approved by the court would be substituted for the high bid and may decrease the amount of any deficiency owing in connection with the transaction. THE UNDERSIGNED HEREBY WAIVES AND RELINQUISHES THE STATUTORY APPRAISAL
RIGHTS WHICH MEANS THE HIGH BID AT THE JUDICIAL FORECLOSURE SALE WILL BE APPLIED TO THE DEBT REGARDLESS OF ANY APPRAISED VALUE OF THE MORTGAGED PROPERTY. 
  

							
	BORROWER:	  	
		
	 Computer Software Innovations, Inc.
	  	Witness:
			
	 By:
	 	 /s/ Nancy K. Hedrick
	  	 /s/ Erika B. Newsom

	 Print Name:
	 	Nancy K. Hedrick	  	Print Name:	 	Erika B. Newsom
	 Title:
	 	President/CEO

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