Document:

Exhibit 10.1

 

2022 CASH INCENTIVE PLAN

 

Purpose:

 

The terms of the 2022 Cash Incentive Plan (the “2022 Plan”)
have been established to reward the executives and other employees of Rigel Pharmaceuticals, Inc. (the “Company”) for
assisting the Company in achieving its operational goals through exemplary performance. Under the 2022 Plan, cash bonuses, if any, will
be based on the achievement of corporate goals and a review of personal performance, which is determined at the discretion of the Compensation
Committee of the Board of Directors (the “Compensation Committee”) and/or the Board of Directors (the “Board”).
The overarching intent in setting and achieving the goals is to build long-term shareholder value.

 

Determination of 2022 Cash Bonuses:

 

Target bonuses for participants in the 2022 Plan will range from 5%
to 60% of such recipient’s 2022 base salary, with a range for executives of 40% to 60% of such executive’s 2022 base salary.
The maximum bonus that a participant will be eligible to receive is two times such participant’s target bonus and in no event will
a bonus be paid later than March 15 of the year following the year in which the bonus was earned. The objective Company performance
goals for each participant will be based on meeting certain goals with respect to the Company’s financial and operational performance:
growth of TAVALISSE (weighted at 25%), expansion of indications for fostamatinib (weighted at 35%), expansion of the Company’s clinical
pipeline (weighted at 30%), and expansion of partnerships and maintenance of a viable cash position for the Company at December 31,
2022 (weighted at 10%), as well as other Company performance goals to be determined by the Compensation Committee. The Board and Compensation
Committee reserve the right to modify these goals and criteria at any time or to grant bonuses to the participants even if the performance
goals are not met, as well as to withhold bonuses if a minimum threshold of 40% of the goals are not met.Exhibit 4.2

 

CERTIFICATE OF CORPORATE
DOMESTICATION

 

OF

 

TAILWIND TWO ACQUISITION
CORP.

 

Pursuant to Section 388

of the General Corporation Law of the State of
Delaware

 

Tailwind Two Acquisition Corp.,
presently incorporated as a Cayman Islands exempted company, (the “Company”), DOES HEREBY CERTIFY:

 

1. The date on which
and jurisdiction where the Company was first formed, incorporated, created or otherwise came into being was November 18, 2020 under
the laws of the Cayman Islands.

 

2. The name of the Company
immediately prior to the filing of this Certificate of Corporate Domestication with the Secretary of State of the State of Delaware was
Tailwind Two Acquisition Corp.

 

3. The name of the Company
as set forth in the Certificate of Incorporation being filed with the Secretary of State of the State of Delaware in accordance with Section 388(b) of
the General Corporation Law of the State of Delaware is “Tailwind Two Acquisition Corp.”

 

4. The jurisdiction that
constituted the seat, siege social, or principal place of business or central administration of the Company immediately prior to the filing
of this Certificate of Corporate Domestication was the Cayman Islands.

 

5. The domestication
has been approved in the manner provided for by the Memorandum and Articles of Association of the Company, said Memorandum and Articles
of Association being the document, instrument, agreement or other writing, as the case may be, governing the internal affairs of the Company
and the conduct of its business and the applicable laws of the Cayman Islands.

 

[SIGNATURE PAGE FOLLOWS]

 

     

     

    

 

IN WITNESS WHEREOF, the
Company has caused this Certificate of Corporate Domestication to be executed by its duly authorized officer on this [●] day of
[●], 2022.

 

	 	TAILWIND TWO ACQUISITION CORP., a Cayman Islands exempted company
	 	 
	 	 
	 	By: 	 
	 	 	Chris Hollod
	 	 	Co-Chief Executive Officer

 

[Signature
Page to Certificate of Corporate Domestication

of Tailwind Two Acquisition Corp.]Exhibit 10.12

 

REDACTED

 

Pursuant
to Item 601(b)(10) of Regulation S-K, certain information, indicated by [*****], has been excluded from this exhibit because it is both
(i) not material and (ii) the type of information that the company ordinarily treats as private and confidential.

 

SECOND AMENDED
AND RESTATED STRATEGIC COOPERATION AGREEMENT

 

THIS SECOND AMENDED
AND RESTATED STRATEGIC COOPERATION AGREEMENT (this “Agreement”) is entered into and effective as of October 28,
2021 (the “Effective Date”), by and among LOCKHEED MARTIN CORPORATION, a corporation incorporated under the laws of
Maryland (“Lockheed Martin”), TERRAN ORBITAL CORPORATION, a corporation incorporated under the laws of Delaware (“Terran
Orbital”), Tyvak Nano-Satellite Systems, Inc., a Delaware corporation (“Tyvak”),
and PREDASAR CORPORATION, a Delaware corporation (“PredaSAR”). Terran Orbital, Tyvak and PredaSAR are referred to herein
collectively as “Terran” or the “Company”. Terran and Lockheed Martin collectively may be referred
to herein as the “Parties” to this Agreement, and the term “Party” shall refer to either Terran
or Lockheed Martin as the context so requires.

 

Recitals:

 

WHEREAS,
Terran Orbital and Lockheed Martin are parties to that certain Strategic Cooperation Agreement, dated as of June 26, 2017, (the “Original
SCA”);

 

WHEREAS,
Terran Orbital and Lockheed Martin amended and restated the Original SCA pursuant to that certain Amended and Restated Strategic Cooperation
Agreement, dated as of March 8, 2021 (the “Amended and Restated SCA”);

 

WHEREAS,
the Amended and Restated SCA enables the parties to collaborate regarding the development and sale of small satellites for use in
U.S. Government spacecraft and spacecraft-related procurements;

 

WHEREAS,
the Amended and Restated SCA establishes a strategic cooperation framework to enable the Parties to enter into projects, research
and development agreements, supply agreements or other business arrangements with respect to such collaboration; and

 

WHEREAS,
the Parties desire to further amend and restate the Amended and Restated SCA to extend the term of the Amended and Restated SCA, and
make such other modifications and amendments as are set forth herein.

 

NOW,
THEREFORE, in consideration of the foregoing and the mutual obligations undertaken in this Agreement, the Parties agree as follows:

 

	1.	Definitions.

 

1.1              
“Affiliate” of a Party means any Person that as of the Effective Date or at any time during the Term is directly
or indirectly controlled by or under common control with such Party, where “control” means (i) the direct or indirect beneficial
ownership of fifty percent (50%) or more of the outstanding voting shares or other voting interests of such an entity, or (ii) direct
or indirect possession of other rights, authority or power to direct, or cause the direction of, management, operation, or policies of
such Person, whether through the ownership of securities.

 

     

     

    

 

1.2              
 “Assigns” means, with respect to Intellectual Property to be assigned by one Party to the other Party, that the
assigning Party agrees to and hereby does irrevocably, unconditionally and without encumbrance of any kind assign, forever waive and agree
never to assert, and that such Party shall cause all of its employees, agents, consultants and contractors to irrevocably, unconditionally
and without encumbrance of any kind assign to the other Party, and forever waive and agree never to assert, all right, title and interest
in and to all such Intellectual Property, and that such Party further agrees to execute any documents and take any other actions reasonably
requested by the other Party (and shall cause its employees, agents. consultants and contractors to do likewise), including promptly disclosing
to the other Party any such Intellectual Property in reasonable detail, in order to give effect to the other Party's rights in such Intellectual
Property.

 

1.3              
“Base Intellectual Property” means, with respect to a Party, any Intellectual Property: (i) that was developed
or created independently or possessed by such Party prior to the initiation of a Project; or (ii) that is developed or created independently
by personnel of such Party other than in the performance of or in connection with a Project (and is not either Joint Intellectual Property
or Commissioned Intellectual Property).

 

1.4              
“Commissioned Intellectual Property” means all Intellectual Property and associated Intellectual Property Rights
in work that is undertaken by Terran, directly or by a contractor, at the direction of and/or paid for by Lockheed Martin pursuant to
the terms of this Agreement and any SOW executed in connection herewith.

 

1.5              
“Deemed Liquidation Event” means (a) a merger, consolidation, reorganization, sale, share exchange or similar
transaction in which (i) the Company is a constituent party, or (ii) an Affiliate of the Company is a constituent party, that results
in any individual, group or entity acquiring direct or indirect (including through one or more intervening entities) control of a majority
of the voting power of the capital stock of the Company; or (b) the sale, lease, transfer, exclusive license or other disposition (whether
by merger or otherwise), in a single transaction or series of related transactions, by the Company or any direct or indirect subsidiary
of the Company of all or substantially all the assets of the Company and its subsidiaries taken as a whole, or the sale or disposition
(whether by merger or otherwise) of one or more direct or indirect subsidiaries of the Company of substantially all of the assets of the
Company and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive
license or other disposition is to a wholly owned subsidiary of the Company.

 

1.6              
“Control” and “Controlled” mean as to Intellectual Property Rights that are owned by a Party
or licensed by a Third Party to a Party, the possession of the ability to grant licenses or sublicenses (including, where applicable,
as provided for herein) without violating the terms of any agreement or other arrangement with any Third Party.

 

1.7              
“Focus Domain” means the development and sale of Small Satellites for use in U.S. Government or non U.S. Government
customer spacecraft and spacecraft-related procurements.

 

1.8              
“Intellectual Property” means all inventions, developments, works of authorship or expression, trade secrets, ideas,
concepts, data, know-how, data, writings, discoveries, improvements, methods, technologies, systems, specifications, analyses, products,
algorithms, logic designs, mask works, formulations, creative works, specifications, methods, circuit designs, practices, devices, tools,
protocols, techniques, in each case whether or not patentable or copyrightable.

 

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1.9              
“Intellectual Property Rights” means any and all rights arising under any patent laws (including patents and patent
applications), or under any copyright or copyright-related laws (including copyright and mask work registrations and applications therefor),
or under any laws protecting Intellectual Property, including any confidential information, trade secrets, including any tools, methods,
processes, devices, prototypes and/or any manufacturing or production processes, materials and techniques.

 

1.10           
“Joint Intellectual Property” means all Intellectual Property invented, created, or otherwise originated jointly
by Terran and its Affiliates or contractors, on the one hand, and Lockheed Martin and its Affiliates or contractors, on the other, as
determined by U.S. patent and other applicable Intellectual Property law, as the case may be, regardless of the jurisdiction where such
Intellectual Property was developed.

 

1.11           
“Leviathan” means the production facility expected to be constructed by Terran at the Shuttle Landing Facility
on Merritt Island, Florida. For the avoidance of doubt, if the actual location of this facility changes, Leviathan will refer to the facility
at the alternative location.

 

1.12           
“Person” means any natural person, corporation, firm, business trust, joint venture, association, organization,
company, partnership, or other business entity, or any government or any agency or political subdivision thereof.

 

1.13           
“Project” means a project directed to designing, developing, prototyping, manufacturing and/or refining satellites
or related products and services. A Project shall not include any contract with funding that originates under a prime contract with the
U.S. Government or a lower tier contract, or under any contract or lower tier contract with a commercial customer.

 

1.14           
“Proprietary Information” of a Party means all non-public information that (a) relates to the subject matter of
this Agreement, (b) is disclosed by such Party to the other Party in connection with a Project or pursuant to this Agreement, and (c)
is marked confidential at the time of disclosure or, for disclosures not initially made in writing, is reduced to writing and so marked
by such Party within thirty (30) days of disclosure, including but not limited to trade secrets, product ideas, designs, configurations,
processes, materials, toolkits, techniques, formulas, software, improvements, inventions, data, know-how, mask works and copyrightable
works of such Party.

 

Notwithstanding
the foregoing, the inadvertent failure by a “disclosing Party” to designate, label or mark disclosed information as Proprietary
Information, or to confirm oral disclosures in writing as provided herein, shall not prevent the information from constituting Proprietary
Information, and such information shall constitute Proprietary Information if a reasonable person would believe the information to be
Proprietary Information of the disclosing Party given the nature of the information and the circumstances of disclosure. Proprietary Information
of a Party shall include such Party's non-public Base Intellectual Property.

 

1.15          
“Small Satellites” means satellites of less than 500kg of mass and related bus, subsystems, mission design and
operations.

 

1.16          
“Team” or “Teaming” means an arrangement in which a potential prime contractor agrees
with one or more other companies to have them act as its subcontractors under a specified government contract or acquisition program.

 

1.17          
“Third Party” means any Person who or which is neither a Party nor an Affiliate of a Party.

 

    3 

     

    

 

	2.	Strategic Cooperation Activities.

 

2.1              
Projects. The Parties will work from time to time to identify one or more Projects to collaborate on. To the extent the Parties
agree to pursue and perform work on a Project, and subject to and in accordance with the terms and conditions of this Agreement, Lockheed
Martin and Terran shall each use commercially reasonable efforts to perform their respective responsibilities in each Project in good
faith in accordance with this Agreement. The initial scope, subject matter and responsibilities of each Party for each Project (“Project
Activities“) will be set forth on a statement of work executed by the Parties and attached hereto (a “SOW”),
and each SOW shall be deemed to incorporate by reference the terms and conditions of this Agreement. Prior to conducting any Project Activities,
the Parties shall agree upon and execute a SOW for such Project Activities. Each SOW must be signed by both Parties, and should include
at a minimum: (i) a statement that it is a SOW under this Agreement, (ii) an effective date, (iii) a description of the specific Project
Activities to be conducted by each Party, along with any applicable requirements and/or specifications, (iv) a list of each Party's contributions
of research, development or other participation or commitment, and deliverables to be provided, together with appropriate procedural limitations
and adequate precautions in contexts where substantial overlap of the Parties’ Base Intellectual Property may create potential for
contamination or misappropriation of either Party’s Intellectual Property Rights, (v) a schedule for the development activities,
(vi) agreement as to the allocation of expenses and other financial provisions related to the Project, and (vii) such other terms and
conditions as may be mutually agreed by the Parties. The Parties intend to enter into SOWs from time to time upon mutual written agreement
to further define, modify or expand the scope or subject matter of the collaboration plans between the Parties. In the event that any
portion of an executed SOW conflicts with any of the terms of this Agreement, the terms of this Agreement shall prevail unless the Parties
expressly state their intent to the contrary in the SOW, in which event such terms of the SOW shall govern solely for purposes of the
Project Activities conducted pursuant to that SOW.

 

2.2              
Lockheed Martin Assured Access to Terran Production.  The Parties acknowledge and agree that access to Small Satellite
production for Lockheed Martin is of the essence to this Agreement.  The Parties agree to take the following steps to coordinate
their activities to assure, to the greatest extent possible, that Lockheed Martin will have assured access to Terran’s production
capability.

 

(a) 
Terran’s Duty to Bid in Response to Lockheed Martin Requests for Proposal.  Any time Lockheed Martin issues a request for
proposal (RFP) for the manufacture of Small Satellites, Terran agrees that it will provide to Lockheed Martin a binding proposal to perform
such work where the terms of such proposal shall [*****].

 

(b) Lockheed
Martin Production Priority. Lockheed Martin orders for the manufacturing of satellites or spacecraft related products shall preempt
and be given priority over any manufacturing Terran is performing for its own internal purposes, including, without limitation, priority
over production for the Company’s SAR satellites.

 

(c) Terran
Manufacturing Capability Reporting.  Terran shall provide Lockheed Martin’s Project Representatives with [*****]
updates regarding [*****] as well as [*****]. 

 

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(d)
Lockheed Martin’s Right of First Refusal to Constrained Production Capability.  If at any time during the Term of
this Agreement, Terran is offered an order or orders (whether individually or in the aggregate) from Third Party(ies) (other than
from the United States government) that would either (i) consume more than [*****] of Terran’s production capability or
(ii) prevent Terran from accepting an order from Lockheed Martin to produce [*****] Small Satellites (hereinafter
 “Minimum Capacity”) within [*****] of Lockheed Martin placing an order, Terran will immediately notify the
Lockheed Martin Project Representatives that Terran’s production may be constrained.  Following receipt of such notice,
Lockheed Martin shall have [*****] in which to place an order for [*****] from Terran on terms and conditions that are
subject to Section 2.8 below.  The duty to notify Lockheed Martin under this provision will continue to apply (except with
respect to an order from the United States government) to each and every additional Third Party order received by Terran until
Terran’s available manufacturing capacity exceeds the thresholds in this paragraph (d), such that neither clause (i) or (ii)
above is triggered. 

 

(e) [*****]. 

 

2.3              
Subject Matter Experts. Lockheed Martin, at its own discretion, may assist Terran in the development of the Leviathan. Lockheed
Martin at its own expense may make available Subject Matter Experts (SME) and other knowledgeable staff to assist Terran in the creation
of Leviathan production lines, production facilities, and supply chain. Lockheed Martin shall not be responsible for advice, direction,
or guidance provided in this assistance. Lockheed Martin’s participation is to ensure that Leviathan is capable of meeting Lockheed
Martin’s production & manufacturing needs.

 

2.4              
Access to SAR Data. Subject to the Company’s regulatory and compliance obligations and any contractual restrictions,
the Company shall grant access to , and hereby grants Lockheed Martin, a worldwide, perpetual, royalty-free license for internal use only,
to the Company’s library and archives of unprocessed synthetic aperture radar (“SAR”) data, including metadata.
Lockheed Martin shall not be required to pay a per-image fee or separate subscription fee for such images. Lockheed Martin may copy SAR
data and store it on Lockheed Martin servers for this purpose. Promptly following the written request of the Company upon conclusion of
the Term, Lockheed Martin shall return or destroy the data in accordance with applicable laws. For the avoidance of doubt, Lockheed may
not resell data meant for internal purposes and to extent Lockheed Martin intends to resell SAR data to Third Parties, the Parties agree
to negotiate in good faith and at commercially reasonable prices an agreement for subscription and/or per-image fees for such SAR data.
For the avoidance of doubt, the Company shall not obtain any rights in any tools, solutions, data or other derivative work developed by
Lockheed Martin with the use of the SAR data.

 

2.5              
Testing and Technology Demonstrations. The Parties agree to negotiate one or more agreements to work together on testing and
technology demonstrations for customers on Small Satellites, including for fleet command and control, mission management, fleet visualization,
SAR advanced geospatial intelligence, sensors, subsystem components, and any other endeavors mutually agreed upon by the Parties.

 

2.6              
Teaming Activities. During the Term, the Parties shall cause the Project Representatives to engage in the process and procedures
relating to teaming activities as set forth on Schedule I hereto, which may be supplemented, modified or amended from time to time by
mutual agreement of the Parties.

 

2.7              
Procurement of Lockheed Martin Products and Services. During the Term, as such opportunities arise, the Company will notify
and provide Lockheed Martin the right to bid on and sell to the Company the following products and services: ground software integration
and development, ground system operation services, space-to-ground networks.

 

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2.8               Supply
or Contract Manufacturing Agreement. The Parties anticipate that they may desire to enter into one or more supply agreements or
contract manufacturing agreements pursuant to which Lockheed Martin would purchase from Terran, and Terran would supply to Lockheed
Martin its products and services, including without limitation, Small Satellites and related services, and data and imagery. The
terms and conditions of any such agreement entered into by the Parties would be commercially reasonable and would include provisions
customary for such an agreement. Any such agreement shall be subject to the mutual written agreement of the Parties; provided that,
except with respect to the United States government, the price of such products and services shall be at least as favorable as the
price Terran charges to any Third Party for similar products and services on substantially the same terms and conditions (taken as a
whole). Such agreement shall also contain reasonable audit rights in favor of Lockheed Martin to ensure compliance with such
most-favored nations' provision.

 

2.9            
Employee Obligations. Each Party shall (i) prior to beginning work related to any aspect of a Project, require each employee,
agent or other person working under or for such Party in connection with this Agreement to enter into an agreement with such Party conveying
by means of a present assignment all Intellectual Property Rights in work performed during a Project to such Party and agreeing to maintain
in confidence all work performed during a Project and Proprietary Information of the other Party and (ii) not terminate, amend or waive
any rights under any such agreement. For clarity, each Party may satisfy the foregoing obligation with respect to its employees using
its existing employment or loyalty agreement to the extent such agreements are consistent with this Section 2.8. Each Party shall be responsible
for the failure of any employee, agent or other person working under or for such Party in connection with this Agreement to comply with
the terms and conditions of this Agreement.

 

2.10        
Additional Commercial Agreements. The Parties may, from time to time upon mutual written agreement, enter into other commercial
agreements in connection with Projects hereunder, including additional research and development activities, licenses or other business
arrangements. Terms and conditions of such commercial agreements would be consistent with this Agreement, including such other terms and
conditions as may be mutually agreed by the Parties (including further definition, modification or expansion of the scope of this Agreement).

 

2.11        
Project Representatives. The Lockheed Martin representatives with respect to potential Projects are [*****] and the
Terran representatives with respect to potential Projects are [*****] (each, a “Project Representative”). All
communications for potential projects between the Parties shall be made through the Project Representatives unless separately agreed upon
otherwise by both Parties. A Party may change its Project Representative at any time upon written notice to the other Party; provided,
however, that each Party shall ensure that it has designated a Project Representative for technical aspects and a Project Representative
for management aspects of each Project. If a Project Representative becomes unable to serve for any reason, the Party who appointed that
Project Representative shall promptly appoint a replacement. The Project Representatives will meet within four (4) weeks after execution
of this Agreement and at least once each calendar quarter thereafter. Meetings may be held at such times and either by teleconference,
videoconference or in person at such locations as are mutually agreed by the Project Representatives from time to time. The Project Representatives
shall have the primary responsibility for reviewing and assessing the progress of each Project. The Project Representatives shall coordinate
the Project Activities only, and they shall have no power to amend this Agreement or a SOW (which power will be held only by an authorized
signatory of each Party), waive a Party’s rights or obligations hereunder, or require action by either Party not contemplated by
this Agreement. The Project Representatives will strive to reach consensus on matters within their authority. If the Project Representatives
are unable to reach consensus on a particular issue, they will internally escalate such issues for good faith resolution by such executives
of the Parties having sufficient decision-making authority to resolve the issue conclusively. For the avoidance of doubt, any contracts
between the Parties relating to a Project shall specify the individuals performing thereunder.

 

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2.12        
 Insurance Matters. For as long as Lockheed Martin owns any shares of Series A Preferred Stock purchased by it pursuant to
that certain Series A Preferred Stock Purchase Agreement, dated as of June 26, 2017 (the “Stock Purchase Agreement”)
pursuant to which Lockheed Martin acquired certain shares of Terran Series A Convertible Preferred Stock (as defined in the Stock
Purchase Agreement), Terran shall maintain an aerospace liability insurance policy reflecting a limit of no less than $10 million per
occurrence and naming Lockheed Martin as an additional insured and will deliver to Lockheed Martin, on an annual basis, a certificate
of insurance reflecting the foregoing. Appendix A attached hereto contains a true, complete and correct copy of a current certificate
of insurance reflecting the Terran’s aerospace liability policy limit of $10 million per occurrence and naming Lockheed Martin as
an “additional insured”.

 

	3.	Intellectual Property Rights and Licenses.

 

3.1            
Base Intellectual Property. The provisions of this Section 3.1 shall apply to each SOW and the Projects and Project Activities
described therein.

 

3.1.1       
Disclosures during the Project Activities. During the Project Activities, to the extent not already disclosed in published
patent applications or patents, each Party may, in its sole discretion, elect to disclose or provide Base Intellectual Property to the
other Party to the extent the providing Party believes that such Base Intellectual Property may be useful in the performance of the Project
Activities. In each case, the other Party's use and disclosure of such Base Intellectual Property shall be subject to the terms and conditions
of this Agreement. Except for the licenses granted under this Section 3.1, each Party will retain sole ownership of and Control of its
Base Intellectual Property.

 

3.1.2  
Use and Disclosure of Base intellectual Property. Without limiting the Parties' obligations with respect to Proprietary Information,
except where specifically authorized in this Agreement or any SOW, each Party agrees that it: (i) will use the Base Intellectual Property
disclosed or provided to it by the other Party solely for the purpose of conducting the Project Activities; (ii) will not copy any portion
of the Base Intellectual Property except as necessary to conduct the Project Activities, and will maintain all copyright notices and other
proprietary legends or notices on any copies made; (iii) will not file any patent applications or seek other forms of statutory protection
on the other Party's Base Intellectual Property; (iv) will not decompile, disassemble, modify or reverse engineer the other Party's Base
Intellectual Property; (v) will not use the other Party's Base Intellectual Property in any activity that is subject to any consulting,
licensing or other obligation to any Affiliate or Third Party; (vi) will not disclose or provide any of the other Party's Base Intellectual
Property to any Person other than its employees working at its facilities who have a need to know such information in connection with
Project Activities; and (vii) will, upon termination of this Agreement, discontinue use of the Base Intellectual Property and arrange
for the return to the providing Party of all tangible embodiments of such Base Intellectual Property and destroy all remaining copies
thereof and provide written proof of such destruction, if requested by the other Party in writing. Notwithstanding the foregoing, the
restrictions set forth in this Section 3.1.2 shall not restrict either Party's rights with respect to (1) its own Base Intellectual Property,
(2) the other Party's Base Intellectual Property that is already part of the public domain at the time of disclosure or becomes part of
the public domain after the time of disclosure, for a reason other than a breach of this Agreement, or (3) Intellectual Property that
is or has previously been independently developed by the receiving Party without access to or use of the other Party's Base Intellectual
Property or Proprietary Information, as shown by clear and convincing proof from the records of the Party relying on this exception.

 

3.1.3   License
to Lockheed Martin under Terran Base Intellectual Property. Subject to the terms and conditions of this Agreement, Terran agrees
to grant and hereby grants to Lockheed Martin a perpetual, worldwide non-exclusive, royalty-free license under any Terran Base
Intellectual Property to (a) conduct the Project Activities described in any SOW, (b) to the extent Lockheed Martin doesn’t
have the rights as provided in Sections 3.2 and 3.3 below, make, have made, make use of, and sublicense Joint Intellectual Property
and Commissioned Intellectual Property or (c) use any other products sold to Lockheed Martin by Terran.

 

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3.2               
Commissioned Intellectual Property. The provisions of this Section 3.2 shall apply to any SOW and the Projects and Project
Activities described therein. Lockheed Martin shall be the sole owner of all Commissioned Intellectual Property and Terran hereby Assigns
all right, title and interest in and to the Commissioned Intellectual Property to Lockheed Martin and shall take such actions and execute
and deliver such documents as reasonably necessary to effectuate and confirm any such transfer and Lockheed Martin's ownership of such
Commissioned Intellectual Property.

 

3.3               Joint
Ownership. Subject to the remaining provisions of this Section 3.3, the Parties shall jointly own all right, title and interest
in and to all Joint Intellectual Property to the extent such Intellectual Property is not Commissioned Intellectual Property.
Subject to the terms of this Agreement, each Party shall have an equal, undivided interest in any such Joint Intellectual Property
(including any patent issuing thereon), and shall be free to practice and license such Joint Intellectual Property for any purpose,
without accounting, notice or payment to the other Party unless otherwise agreed by both Parties. To the extent such Intellectual
Property Rights do not vest in the appropriate Party, each Party agrees to Assign and hereby Assigns to the appropriate Party rights
in such Joint Intellectual Property consistent with the provisions hereof. To the extent any Joint Intellectual Property shall be
deemed to constitute the Proprietary Information of each of the Parties, each Party may disclose Joint Intellectual Property only
(i) under conditions of confidentiality reasonably sufficient to preserve any trade secret status available with respect thereto,
(ii) where the disclosure will be useful or necessary to the procurement of patent rights, or (iii) in accordance with permitted
disclosures under Article 13; and neither Party shall be obligated under Article 13 to destroy originals or copies of Joint
Intellectual Property. The Parties shall mutually agree on whether or not to file a patent application claiming Joint Intellectual
Property in any jurisdiction, including the timing of filing such patent applications, countries in which such patent applications
are filed, and which Party should prosecute such patent application. The non-prosecuting Party will assist and cooperate with the
prosecuting Party wherever and whenever reasonably necessary. Expenses incurred in connection with prosecution and maintenance of
such patent applications and patents issuing thereon shall be shared equally or as otherwise agreed by the Parties; all invoices for
sharing such expenses shall be invoiced by the prosecuting Party to the non-prosecuting Party within six (6) months of incurring the
relevant expense, and shall be payable by the non-prosecuting Party within thirty (30) days of receipt of such invoice; failure by
the prosecuting Party to invoice the non-prosecuting Parry within such six (6) month period shall constitute a waiver of the right
to be reimbursed for such expense sharing, and the non-prosecuting Party's failure to pay any such non-invoiced expenses shall not
constitute a breach of this Agreement. If a Party elects not to share such expenses with respect to any jurisdiction, or otherwise
desires to discontinue prosecution or maintenance in any jurisdiction or ceases assisting and cooperating with the prosecuting
Party, such Party shall Assign its rights with respect to such jurisdiction to the other Party. In the event of such assignment, the
assigning Party shall have a nonexclusive, non-transferable, royalty-free, paid up license to practice the Joint Intellectual
Property under any patent that may issue thereunder. Except as against the United States directly or indirectly (pursuant to 28
U.S.C.§ 1498), in the event of infringement by a Third Party of Intellectual Property Rights in Joint Intellectual Property,
either Party may assert such Intellectual Property Right and initiate an action for infringement, provided, however, that the other
Party is given an opportunity in advance to join in the action and to share equally in the expenses and recoveries. If a Party does
not share in the expenses related to an action for infringement, such Party shall not share in any recovery. Each Party agrees to
cooperate and assist the other Party in any infringement action of such Intellectual Property Rights in Joint Intellectual property
brought by the other Party in accordance with this provision, including joining the action to the extent necessary to permit the
other Party to maintain the suit.

 

    8 

     

    

 

3.4              
Solely Developed Intellectual Property. Intellectual Property developed solely by one party under any of the Projects without
a material contribution of the other Party shall be solely owned by the Party who developed it and will become the Base Intellectual Property
of that Party and shall be subject to the use and disclosure restrictions, licensing terms and the other terms and conditions set forth
in Sections 3.1, 3.1.1, 3.1.2 and 3.1.3 above.

 

3.5              
No Implied Rights or Licenses. Except to the extent expressly set forth in this Article 3, nothing in this Agreement shall
be construed to grant to either Party any license or other rights in or with respect to any Intellectual Property Rights of the other
Party, and neither Party shall have any obligation to disclose or provide to the other Party any Intellectual Property or any such license.
No license rights shall be created under this Agreement by implication, estoppel or otherwise.

 

3.6              
Bankruptcy. All rights and licenses granted by either Party in this Article 3 are, and shall otherwise be deemed to be, for
the purpose of Section 365(n) of the United States Bankruptcy Code, as amended (the “Bankruptcy Code”), licenses of
rights to "intellectual property" as defined under Section 101 of the Bankruptcy Code. The Parties agree that each Party, as
licensee of such rights under this Agreement, shall retain and may fully exercise all of its rights and elections under the Bankruptcy
Code. The Parties hereto further agree that, in the event that a creditor or other claimant takes possession of, or a receiver, administrator
or similar officer is appointed over all or substantially all of the assets of a Party pursuant to bankruptcy, receivership or similar
insolvency laws, or in the event that such Party becomes subject to any court or administration order for dissolution pursuant to any
bankruptcy or insolvency law, the other Party, as a licensee under this Agreement, shall have the right to retain and enforce its licenses
and rights in and to the first Party's Intellectual Property Rights under this Agreement in accordance with Section 365(n) of the Bankruptcy
Code.

 

	4.	Representations and Warranties; Disclaimer; Indemnification.

 

4.1               Mutual
Representations and Warranties; Covenants. Each Party represents and warrants to the other Party, as of the Effective Date, that
(i) it has the lawful right to grant the licenses provided under this Agreement and perform its obligations hereunder, (ii) it shall
perform the Project Activities described in this Agreement in a professional and workmanlike manner in compliance with the terms and
conditions of this Agreement, and (iii) its entering into and performance of this Agreement does not and will not violate, conflict
with or result in a material default under its certificate or articles of incorporation or by-laws or any contracts, judgment, or
encumbrance binding on it. Each Party hereby agrees to comply with all applicable national and international laws in connection with
the performance of such Party's obligations under this Agreement, including all applicable import/export controls in the United
States and in all other countries in which the Parties conduct activities under this Agreement. Terran further  (a) represents
and warrants that Terran’s Base Intellectual Property and the products developed hereunder do not and will not infringe or
misappropriate the Intellectual Property Rights of any Third Party (other than Joint Intellectual Property, and/or to the extent
caused by compliance with Lockheed Martin specifications), and (b) represents, warrants and covenants that Terran does and shall,
during the term hereof, maintain systems related to data security, privacy and protection of confidential information that are
consistent with the industry standards related thereto and in the event of any breach or compromise of such data security systems,
will promptly notify Lockheed Martin of such breach and reasonably cooperate with Lockheed Martin to correct and remediate such
breach.

 

    9 

     

    

 

4.2            Exclusions. EXCEPT AS EXPRESSLY SET FORTH IN THIS ARTICLE 4, NEITHER PARTY MAKES ANY OTHER REPRESENTATIONS NOR EXTENDS ANY
OTHER WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, WITHOUT LIMITATION OF THE FOREGOING. EACH PARTY EXPRESSLY DISCLAIMS ANY EXPRESS
OR IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH REGARD TO ANY COMPONENTS OR WITH REGARD TO ANY INFORMATION,
TECHNOLOGY OR MATERIALS PROVIDED BY THAT PARTY IN CONNECTION WITH THIS AGREEMENT.

 

		4.3	Indemnification.

 

4.3.1      
Terran Indemnification for Third Party Claims. Terran shall defend, hold harmless and indemnify Lockheed Martin and its Affiliates,
agents, directors, officers and employees from and against any and all losses resulting directly or indirectly from any Third Party claims,
suits, actions or demands, whether brought during or after the termination of this Agreement, arising out of: (i) any breach of this Agreement
by Terran; (ii) any claim that any products or services provided by Terran hereunder infringe or misappropriate the Intellectual Property
Rights of a Third Party (other than to the extent such claim of infringement is based on compliance with Lockheed Martin specifications),
or (iii) Terran's gross negligence or intentional misconduct (or the gross negligence or intentional misconduct of Third Parties engaged
by Terran for any Project). Subject to this Section 4.3.1, Terran shall control the defense and settlement of any such claims, at its
option, with counsel reasonably acceptable to Lockheed Martin.

 

4.3.2      
Lockheed Martin Indemnification for Third Party Claims. Lockheed Martin shall defend, hold harmless and indemnify Terran and
its Affiliates, agents, directors, officers and employees from and against any and all losses resulting directly or indirectly from any
Third Party claims, suits, actions or demands. whether brought during or after the termination of this Agreement, arising out of: (i)
any breach of this Agreement by Lockheed Martin; (ii) any claim that any products or services provided by Lockheed Martin hereunder infringe
or misappropriate the Intellectual Property Rights of a Third Party (other than to the extent such claim of infringement is based on compliance
with Terran specifications), or (iii) Lockheed Martin's gross negligence or intentional misconduct (or the gross negligence or intentional
misconduct of Third Parties engaged by Lockheed Martin for any Project). Subject to this Section 4.3.2, Lockheed Martin shall control
the defense and settlement of any such claims, at its option, with counsel reasonably acceptable to Terran.

 

4.4              
Exclusion of Certain Damages. IN NO EVENT WILL EITHER PARTY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL
DAMAGES (INCLUDING BUT NOT LIMITED TO LOST PROFITS OR LOST REVENUE) RELATING TO THIS AGREEMENT OR SUCH PARTY'S PERFORMANCE HEREUNDER,
REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, TORT, NEGLIGENCE, STRICT PRODUCT LIABILITY, OR OTHERWISE, EVEN IF INFORMED OF OR
AWARE OF THE POSSIBILITY OF ANY SUCH DAMAGES IN ADVANCE.

 

	5.	Term of the Agreement.

 

5.1               Term.
Unless otherwise terminated earlier as expressly set forth in Article 6, this Agreement will be in force from the Effective Date and
continue until the date that is nine (9) years from the Effective Date (the “Term”); provided, however, that if
any amounts under the notes issued to Lockheed Martin pursuant to the Note Purchase Agreement, dated as of the date hereof, by and
among Terran, Lockheed Martin and the other purchasers signatory thereto (“NPA”) remain unpaid and outstanding on
the first anniversary of the NPA, the Term shall be extended for an additional 12-month period. It is acknowledged and agreed that
this Agreement is a continuation of the Amended and Restated SCA and that the term of the Amended and Restated SCA shall continue
uninterrupted on the Effective Date. All rights and obligations of the Parties under the Amended and Restated SCA shall continue and
shall be governed by and subject to the terms and conditions of this Agreement.

 

    10 

     

    

 

5.2              
Surviving Provisions. Any expiration or termination of this Agreement will not affect the rights and obligations set forth
in the following Sections and Articles: 1 (to the extent required to enforce any other surviving rights or obligations of the Parties),
2.9, 3.1.2, 3.2, 3.3, 3.4, 3.5, 3.6, 4.2, 4.3, 4.4, 5.2, 6.4, 6.5, 7, 9, 10, 12, 13, 14 and 16.1 through 16.7.

 

	6.	Termination.

 

6.1              
Default of Terran. If Terran materially breaches its obligations under this Agreement or a particular SOW, then Lockheed Martin
may give written notice of default ("Notice of Terran Default") to Terran. If Terran fails to cure the default within
ninety (90) days from the date on which Terran receives the Notice of Terran Default, then Lockheed Martin may terminate (i) this Agreement
or the particular SOW, or (ii) any or all of the licenses (except with respect to any license granted in Joint Intellectual Property as
set forth in Section 3.3) granted by Lockheed Martin under this Agreement or the particular SOW, in each case by a second written notice
(“Notice of Terran Termination”). If a Notice of Terran Termination is sent to Terran, then this Agreement, the SOW,
or such licenses granted by Lockheed Martin, as applicable, will automatically terminate on the date on which Terran receives that notice.

 

6.2              
Default of Lockheed Martin. If Lockheed Martin materially breaches its obligations under this Agreement or a particular SOW,
then Terran may give written notice of default (“Notice of Lockheed Martin Default”) to Lockheed Martin. If Lockheed
Martin fails to cure the default within ninety (90) days from the date on which Lockheed Martin receives the Notice of Lockheed Martin
Default, then Terran may terminate (i) this Agreement or the particular SOW, (ii) any or all of the licenses granted by Terran under this
Agreement or the particular SOW, and/or (iii) the exclusivity requirements of Section 2.5 (the “Exclusivity”), in each
case by a second written notice (“Notice of Lockheed Martin Termination”). If a Notice of Lockheed Martin Termination
is sent to Lockheed Martin, then this Agreement, the SOW, such licenses granted by Terran and/or the Exclusivity, as applicable, will
automatically terminate on the date on which Lockheed Martin receives that notice.

 

6.3                 
Bankruptcy. Either Party may terminate (i) this Agreement, or (ii) any SOW, in each case immediately upon written notice to
the other Party in the event that a creditor or other claimant takes possession of, or a receiver, administrator or similar officer is
appointed over all or substantially all of the assets of the other Party pursuant to bankruptcy, receivership or similar insolvency laws,
or in the event that the other Party becomes subject to any court or administration order for dissolution pursuant to any bankruptcy or
insolvency law, in each of the foregoing cases, if such proceeding or order is not dismissed within one hundred twenty

(120) days after written notice from
the other Party.

 

6.4                 
Effect of Termination. Any termination under this Article 6 does not relieve either Party of any obligation or liability accrued
under this Agreement prior to termination or give either Party a right to rescind any payment made prior to the time termination becomes
effective. All licenses granted under this Agreement shall be considered immediately terminated upon termination or expiration of this
Agreement, except as set forth in Section 3.5.

 

6.5              
Remedies Not Exclusive. Each Party's rights of termination under this Article 6 are not exclusive of any other right or remedy
to which that Party may be entitled and all such remedies shall be cumulative.

 

    11

     

    

  

	7.	Use of Names and Trademarks; Publicity.

 

Nothing contained in this Agreement
confers any right to use in advertising, publicity or other promotional activities any name, trade name, trademark or other designation
of either Parry (including contraction, abbreviation or simulation of any of the foregoing). Neither Party will issue a press release
or other publicity (except as otherwise permitted under Section 13) about this Agreement without the written approval of the other Party.

 

	8.	[*****].

 

	9.	Notices.

 

9.1              
Notices. Any notice required to be given to either Party will be deemed to have been properly given and to be received effective
as of the date specified below if delivered to the respective address given below or to another address as designated by written notice
given to the other Party: (i) on the date of delivery if delivered in person; (ii) three (3) days after the date of mailing if mailed
by first-class certified mail, postage paid; (iii) on the date of delivery if sent by any commercial carrier service that requires the
recipient to sign the documents demonstrating the delivery of such notice or payment; or (iv) one the date of receipt if sent by email.

 

	 	In the case of Lockheed Martin:	Lockheed Martin Corporation
	 	 	12257 S. Wadsworth Blvd
	 	 	Littleton, CO 80125
	 	 	Email: kenneth.j.johnson@lmco.com
	 	 	Attention: 
	 	 	Kenneth Johnson
	 	 	General Counsel, Intellectual Property Space Systems
Company
	 	 	 
	 	In the case of Terran:	Terran Orbital Corporation
	 	 	6800 Broken Sound Parkway NW, Suite 200
	 	 	Boca Raton FL 33487
	 	 	Email:terranorbitallegal@terranorbital.com
	 	 	Attention: Chief Executive Officer

   

	10.	Assignment.

 

Neither Party shall have the right
to assign or transfer this Agreement or its rights hereunder, whether expressly or by operation of law, without the prior written consent
of the other Party, except that each Party may assign this Agreement and its rights and obligations hereunder in full to its Affiliate
or an acquirer of all or substantially all of such Party's business or assets to which this Agreement pertains, whether by merger, reorganization,
acquisition, sale or otherwise; provided that the assignee delivers to the other Party a written instrument, in form and substance reasonably
satisfactory to such other Party, unconditionally agreeing to be bound by this Agreement.

 

    12

     

    

 

 

	11.	Force Majeure.

 

Neither party shall be held liable or
responsible to the other party nor be deemed to have defaulted under or breached this Agreement for failure or delay in fulfilling
or performing any term of this Agreement if such failure or delay results from an act or event (including fire, floods, embargoes,
terrorism, war, acts of war (whether war be declared or not), insurrections, riots, civil commotions, strikes, lockouts or other
labor disturbances, acts of God or acts, omissions or delays in acting by any governmental authority or any other Party) that is
beyond the reasonable control of and not the fault of the nonperforming Party, and if the nonperforming Party has been unable to
avoid or overcome the act or event by the exercise of customary due diligence; provided that the Party affected shall promptly
notify the other of the force majeure condition and shall exert reasonable efforts to eliminate, cure or overcome any such causes
and to resume performance of its obligations as soon as practicable. Force majeure does not apply to any obligations for the timely
payment by the Parties of amounts due unless banks are closed due to the force majeure event, and then delay will be excused only
for the period of time that the banks are so closed.

 

	12.	Governing Law.

 

This Agreement will be interpreted
and construed in accordance with the laws of the State of Delaware, United States of America, without regard to conflict of laws provisions
that would result in the application of the laws of another jurisdiction; provided, however, that the scope and validity of any patent
or patent application will be governed by the applicable laws of the country of the patent or patent application.

 

	13.	Proprietary Information.

 

13.1           
Restrictions on Use and Disclosure. Each Party shall maintain the Proprietary Information of the other Party in strict confidence
and, except as permitted in this Agreement or as approved in advance in writing by the other Party, shall not disclose Proprietary Information
of the other Party to any Third Party or use Proprietary Information of the other Party except to perform this Agreement. Each Party may
disclose Proprietary Information of the other Party to such of its employees, agents, consultants or contractors as shall have a need
to know, in each case as reasonably determined by such Party, for the purpose of performing this Agreement, provided that each such employee,
agent, consultant or contractor must be bound by obligations of confidentiality and non-use which are no less onerous than the obligations
set forth in this Agreement. Each Party shall be responsible for any breach of this Agreement by persons to whom it discloses Proprietary
Information of the other Party as if such breach were committed by such Party.

 

13.2           
Exceptions. Each Party's obligations of non-disclosure and non-use set forth in this Article 13 shall not apply with respect
to any particular Proprietary Information to the extent that such Party can establish by competent proof that such information: (i) was
already known to such Party, other than under an obligation of confidentiality owed to the other Party, at the time of disclosure to such
Party; (ii) was generally available to the public or otherwise part of the public domain at the time of its disclosure hereunder to such
Party; (iii) has become generally available to the public or otherwise part of the public domain after its disclosure to such Party and
other than through any act or omission in breach of this Agreement; (iv) was independently developed by such Party without reference to
any Proprietary Information of the other Party: or (v) was subsequently disclosed to such Party by a Third Party not under any obligation
of confidentiality to other Party with respect to such information.

 

13.3           
Return or Destruction. Promptly upon termination or expiration of this Agreement or termination of applicable licenses granted
to a Party pursuant to this Agreement, each Party shall return, or at the other Party's election shall destroy, all Proprietary Information
of the other Party (other than any Joint Intellectual Property), and all copies thereof, and shall certify in writing to the other Party
that all such Proprietary Information has been returned or destroyed. Notwithstanding the prior sentence, each Party may retain a single
copy of Proprietary Information of the other Party for the sole purpose of ascertaining its ongoing rights and responsibilities in respect
of such information.

 

    13

     

    

 

 

13.4           
 Confidentiality of Agreement and of its Terms and Conditions. Terran and Lockheed Martin agree that the terms and conditions
of this Agreement shall be treated as Proprietary Information of each Party subject to this Article 13; provided, however, that either
Party may, upon notice to the other, make such public disclosures regarding this Agreement as upon the advice of counsel for such Party
are required by applicable securities laws or regulations or by applicable rules or regulations of a securities exchange or market (including,
without limitation, any Securities and Exchange Commission filing). Notwithstanding the foregoing, either Party may disclose the terms
of this Agreement internally and externally with its legal, accounting and financial advisors in the ordinary course of its business,
or in connection with any dispute concerning this Agreement, In addition, Terran may disclose the existence and content of this Agreement
to its existing and potential investors and acquirers.

 

14.              
Limitation of Liability. IN NO EVENT SHALL EITHER PARTY’S TOTAL LIABILITY ARISING OUT OF OR RELATED TO THIS AGREEMENT
EXCEED THE SUM OF THE FEES PAID BY LOCKHEED MARTIN DURING THE TERM OF THIS AGREEMENT. THE PARTIES AGREE THAT THE PRECEDING LIMITATION
REPRESENTS A REASONABLE ALLOCATION OF RISK.

 

	15.	[*****].

 

[*****]. From and after
the consummation of any Proposed Sale, until the expiration of the Term, and subject to the board of directors and shareholders right
to remove or replace directors pursuant the governing documents, Lockheed Martin shall have the option to appoint one (1) director (who
shall be [*****] or another appointee reasonably satisfactory to Terran Orbital) to the initial board of directors of the combined
company consisting of Terran and/or the acquiring entity, which option Lockheed Martin may exercise in its absolute and sole discretion,
and regardless of whether Lockheed Martin maintains any equity interest in Terran or such acquiring entity in connection with or following
such Proposed Sale. [*****].

 

	16.	Miscellaneous.

 

16.1           
Construction. Headings and titles of articles and sections of this Agreement are inserted for convenience of reference only
and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. The word “including” and
other forms thereof shall be construed to mean “including without limitation.” This Agreement was negotiated between the Parties
at arm's length. Each Party had the opportunity to consult with independent legal counsel. Neither of the Parties will be entitled to
have any language contained in this Agreement construed against another because of the identity of the drafter.

 

16.2           
Amendment; Waiver. No amendment or modification of this Agreement is valid or binding on the Parties unless made in writing
and signed on behalf of each Party by an officer or authorized representative of both Parties. No delay or failure of either Party to
exercise any right hereunder and no partial or single exercise thereof will be deemed to constitute a waiver of any such right or any
other rights hereunder. Waiver of a breach of this Agreement will not be deemed a waiver of any future breach.

 

16.3           
Entire Agreement. This Agreement, including the Appendices hereto, embodies the entire understanding of the Parties, and supersedes
all previous communications, representations or understandings, either oral or written, between the Parties relating to the subject matter
hereof, including without limitation that certain Term Sheet between the Parties dated May 16, 2017 and relating to the subject matter
hereof.

 

    14

     

    

 

 

16.4            Severability.
If any provision contained in this Agreement is held to be invalid, illegal, or unenforceable in any respect, that invalidity,
illegality, or unenforceability will not affect any other provisions of this Agreement and this Agreement will be construed as if
the invalid, illegal or unenforceable provision had never been contained in this Agreement; provided, however, that, if the absence
of such provision causes a material adverse change in either the risks or benefits of this Agreement to either Party, the Parties
shall negotiate in good faith a commercially reasonable substitute or replacement for the invalid or unenforceable provision, which
gives effect to the intention of the Parties.

 

16.5           
Independent Contractors. The status of the Parties will be that of independent contractors, and not as employees, partners,
joint venturers, fiduciaries, or agents of the other Party. Neither Party has the right to make commitments for or on behalf of the other
Party. Each Party shall be solely responsible for payment of any wages, benefits, taxes and other employer obligations related to the
services of its personnel. Except as expressly set forth otherwise in this Agreement, each Party shall bear full and sole responsibility
for its own expenses, liabilities, costs of operation and the like.

 

16.6           
No Third Party Beneficiaries. This Agreement is for the sole benefit of the Parties hereto and their respective successors
and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable
right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

 

16.7           
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original
and all of which together shall be deemed to be one and the same instrument. Signatures received via facsimile or in scanned pdf electronic
files shall be as legally binding as original signatures delivered on printed documents for all purposes.

 

16.8           
Affiliates. Each Party shall cause its Affiliates to comply with the terms of this Agreement, as if such Affiliates were parties
hereto.

 

    15

     

    

  

IN WITNESS WHEREOF, the Parties
have executed this Second Amended and Restated Strategic Cooperation Agreement on the dates written below.

 

	 	TERRAN ORBITAL CORPORATION

 

		By:	/s/ Marc Bell
	 	 	(Signature)

 

		Name:	Marc
                                            Bell
	 	 	(Please Print Name)
	 	 	 
	 	Title:	President
	 	 	 
	 	Date:	10/28/2021

 

	 	TYVAK NANO-SATELLITE SYSTEMS, INC.

  

		By:	/s/
                                            Gary Hobart
	 	 	(Signature)

 

		Name:	Gary
                                            Hobart
	 	 	(Please Print Name)

 

	 	Title:	Treasurer
	 	 	 
	 	Date:	10/26/2021

 

	 	PREDASAR CORPORATION

  

		By:	/s/
                                            Roger W. Teague
	 	 	(Signature)

 

		Name:	Roger
                                            W. Teague
	 	 	 (Please Print Name)

 

	 	Title:	President and Chief Executive Officer

 

	 	Date:	10/26/2021

 

Signature Page to Second Amended and Restated Strategic Cooperation

 

     

     

    

 

 

IN WITNESS WHEREOF, the Parties
have executed this Amended and Restated Strategic Cooperation Agreement on the dates written below.

 

	 	LOCKHEED MARTIN CORPORATION

 

		By:	/s/ Jack Enright
	 	 	 (Signature)

 

		Name:	Jack
                                            Enright
	 	 	(Please Print Name)

 

	 	Title:	Director, Corporate Development

 

	 	Date:	October 27, 2021

 

Signature Page to Second Amended and Restated Strategic Cooperation

 

     

     

    

 

 

Schedule I

 

Teaming
Activities Process and Procedures

 

		1.	[*****].

 

		2.	[*****].

 

		3.	[*****].

 

		4.	[*****].

 

		5.	[*****].

 

		6.	For any opportunities to engage in work for the United States government (including,
without limitation, work to be performed through government support contractors) that require the processing of data from Terran’s
  constellation of SAR satellites, if, and only if, Terran elects in its sole discretion to enter into a teaming agreement or arrangement
with respect to such opportunity, [*****], and [*****] Terran shall negotiate exclusively with Lockheed Martin (relative
to any Competitor) to engage in a teaming agreement or arrangement to address such opportunity. [*****]. If Lockheed Martin determines
that it does not want to pursue the opportunity, it shall notify Terran of such decision [*****], and thereafter Terran shall be
free to negotiate and enter into an agreement with any other firm with respect to such opportunity, without further obligation to Lockheed
Martin.  If Lockheed Martin and Terran are unable to agree on terms and conditions of a teaming agreement or arrangement [*****],
either Party shall be free to pursue such efforts without restrictions.   [*****].

 

		7.	In the event either Party declines to participate with the other Party on an
opportunity, the other Party is free to pursue such efforts without the restrictions provided herein.

 

    Schedule I

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