Document:

Designation of Rights, Terms and Preferences

 Exhibit 4.3 
  

DESIGNATION OF RIGHTS, TERMS AND PREFERENCES 
 OF 
 ADDITIONAL SHARES OF 
 SERIES B SENIOR CONVERTIBLE PREFERRED STOCK 
 OF 
 SPACEHAB, INCORPORATED 
  
 (Pursuant to Chapter 6 of the 
 Washington Business Corporation Act) 
  
 Spacehab, Incorporated, a corporation organized and existing under the Business Corporation Act of the State of Washington
(hereinafter called the “Corporation”), hereby certifies that the following resolution was adopted by the Board of Directors of the Corporation as required by Chapter 6 of the Business Corporation Act at a meeting duly called and held on
August 26, 1999: 
  
 RESOLVED, that pursuant to
the authority granted to and vested in the Board of Directors of this Corporation (hereinafter called the “Board of Directors” or the “Board”) in accordance with the provisions of the Articles of Incorporation, the Board of
Directors hereby designates additional shares of Series B Preferred Stock of the Corporation, no par value per share (the “Preferred Stock”), as follows: 
  
 Series B Senior Convertible Preferred Stock: 
  
 Section 1. Designation and Amount. The shares of such series shall be designated as “Series B Senior Convertible
Preferred Stock” (the “Series B Preferred Stock”). The number of existing and outstanding shares of Series B Preferred Stock is Nine Hundred Seventy-Five Thousand (975,000) and the number of additional shares of Series B Preferred
Stock shall be Three Hundred Fifty-Eight Thousand Three Hundred Thirty-Four (358,334). As a result, the total number of shares of Series B Preferred Stock shall be One Million Three Hundred Thirty-Three Thousand Three Hundred Thirty-Four
(1,333,334). Such number of shares may be decreased by resolution of the Board of Directors; provided that no decrease shall reduce the number of shares of Series B Preferred Stock to a number less than the number of shares then outstanding.

  
 Section 2. Dividends. The holders of the Series B
Preferred Stock shall be entitled to receive, out of funds legally available therefor, such dividends with respect to the shares of Series B Preferred-Stock as may be declared by the Board of Directors. In addition, when and if the Board of
Directors shall declare a dividend payable with respect to the then outstanding shares of Common Stock, no par value per share (“Common Stock”) of the Corporation, each holder of Series B Preferred Stock shall be entitled to the amount of
dividends as would be payable on the largest number of whole shares of 

  

 
Common Stock into which shares of Series B Preferred Stock held by such holder could then be converted pursuant to Section 5 hereof (such number to be
determined as of the record date for the determination of holders of Common Stock entitled to receive such dividend). Dividends shall not be declared or paid to holders of Common Stock unless and until the Corporation shall simultaneously declare
and pay to holders of Series B Preferred Stock the dividend referred to in the preceding sentence. 
  
 Section 3. Liquidation, Dissolution or Winding Up; Certain Mergers. Consolidations and Asset Sales. 
  
 a. In the event of any voluntary or involuntary liquidation,
dissolution or winding up of the Corporation, the holders of shares of Series B Preferred Stock then outstanding shall be entitled to be paid out of the assets of the Corporation available for distribution to its stockholders, before any payment
shall be made to the holders of Common Stock or any other class or series of stock ranking on liquidation junior to the Series B Preferred Stock (the Common Stock and any other class or series of stock ranking on liquidation junior to the Series B
Preferred Stock, including without limitation, the Series A Junior Participating Preferred Stock of the Corporation, being collectively referred to as “Junior Stock”) by reason of their ownership thereof, an amount equal to Nine Dollars
($9.00) for each outstanding share of Series B Preferred Stock (the “Series B Original Issue Price”) (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization
affecting such shares) plus (ii) any dividends declared or accrued but unpaid thereon. If upon any such liquidation, dissolution or winding up of the Corporation, the remaining assets of the Corporation available for distribution to its stockholders
shall be insufficient to pay the holders of shares of Series B Preferred Stock the full amount to which they shall be entitled, the holders of shares of Series B Preferred Stock and any class or series of stock ranking on liquidation on a parity
with the Series B Preferred Stock shall share ratably (based upon the sum of each series respective Original Issue Price plus accrued but unpaid dividends) in any distribution of the remaining assets and funds of the Corporation in proportion to the
respective amounts which would otherwise be payable in respect of the shares held by them upon such distribution if all amounts payable on or with respect to such shares were paid in full. 
  
 b. After the payment of all preferential amounts required to
be paid to the holders of Series B Preferred Stock and any other class or series of stock of the Corporation ranking on liquidation on a parity with the Series B Preferred Stock upon the dissolution, liquidation or winding up of the Corporation, the
holders of shares of Junior Stock then outstanding shall be entitled to receive the remaining assets and funds of the Corporation available for distribution to its stockholders. 
  
 c. The consolidation or merger of the Corporation into or with any other entity or entities which results in
the exchange of outstanding shares of the Corporation for securities or other consideration issued or paid or caused to be issued or paid by any such entity or affiliate thereof, and the sale or transfer by the Corporation of all or substantially
all its assets, shall be deemed to be a liquidation, dissolution or winding up of the Corporation within the meaning of the provisions of this Section 3, but 

  

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only for the purposes of the redemption of such Series B Preferred Stock, and only if so elected by the holders of a majority of the outstanding shares of
Series B Preferred Stock, in their sole discretion. 
  
 Section 4.
Voting. 
  
 a. Each holder of outstanding
shares of Series B Preferred Stock shall be entitled to the number of votes equal to the number of whole shares of Common Stock into which the shares of Series B Preferred Stock held by such holder are then convertible (as adjusted from time to time
pursuant to Section 5 hereof), at each meeting of stockholders of the Corporation (and written actions of stockholders in lieu of meetings) with respect to any and all matters presented to the stockholders of the Corporation for their action or
consideration. Except as provided by law, or by the provisions of Subsections 4(b), 4(c) and 4(d) below, holders of Series B Preferred Stock shall vote together with the holders of Common Stock, as a single class. 
  
 b. For so long as (i) any shares of Series B Preferred Stock
remain outstanding and (ii) any holder thereof is a Qualified Holder (as defined in the Preferred Stock Purchase Agreement (the “Purchase Agreement”) dated as of August 2, 1999 between the Corporation and Daimler Chrysler Aerospace AG
(“DASA”)), the Series B Preferred Stock (voting as a class) will elect one of the Directors (the “Preferred Director”) and the Common Stock (voting as a class) will elect the remaining Directors. The Preferred Director shall be
included as a member of the Executive Committee of the Board. If at any time Series B Preferred Stock issued remains outstanding but there is no Qualified Holder, all of the Directors will be elected by the Series B Preferred Stock and Common Stock
voting together as one class. This Section 4(b) shall not affect or limit provisions of Section 8.1 of the Purchase Agreement as to the right of a Qualified Holder to designate a nominee for election to the Board (and for such designee, if elected
by the shareholders, to serve on the Executive Committee of the Board), which provisions may remain applicable notwithstanding there not being any shares of Series B Preferred Stock outstanding. 
  
 c. Any Preferred Director may be removed at any time, by the
vote of the holders of more than fifty percent (50%) of all of the then outstanding shares of Series B Preferred Stock, voting as a separate class in person or by proxy at a special meeting of stockholders called for such purpose (or at any
adjournment thereof) by holders of at least twenty percent (20%) of the outstanding shares of Series B Preferred Stock or at any annual meeting of stockholders, or by written consent delivered to the Secretary of the Corporation, and no Preferred
Director may be removed at any time without the affirmative vote or consent of the holders of more than fifty percent (50%) of all of the outstanding shares of Series B Preferred Stock. Any vacancy created by the removal, death or resignation of a
Preferred Director may be filled by the holders of more than fifty percent (50%) of all of the outstanding shares of Series B Preferred Stock by vote in person or by proxy at a special meeting of stockholders of the Corporation called for such
purpose by holders of at least twenty percent (20%) of the outstanding shares of Series B Preferred Stock, or at any annual meeting, or by written consent delivered to the Secretary of the Corporation. 
  

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 d. So long as any shares of the Series B Preferred Stock remain outstanding, unless the
vote or consent of the holders of a greater number of shares shall then be required by law, the affirmative vote or consent of the holders of more than fifty percent (50%) of all of the shares of Series B Preferred Stock at the time outstanding,
voting separately as a class, given in person or by proxy either in writing (as may be permitted by law and the Articles of Incorporation and By-laws of the Corporation) or at any special or annual meeting, shall be necessary to permit, effect or
validate the taking of any of the following actions by the Corporation: 
  
 (i) create, authorize, issue or sell (i) any class or series of capital stock ranking prior to or on parity with the Series B Preferred Stock as to dividends or upon liquidation, dissolution or winding up; provided,
however, that holders of Common Stock may receive dividends to the extent provided by Section 2 above and, provided further, that the consent to issuance of any class or series of capital stock ranking on parity with the Series B Preferred Stock
shall not be unreasonably withheld; or (ii) any rights, options or other securities convertible, exercisable or exchangeable for or into, or having rights to purchase, any shares of capital stock described in clause (i) hereof; or 
  
 (ii) amend the Articles of Incorporation or By-laws of the
Corporation, or in any other manner alter or change the powers, rights, privileges or preferences of the Series B Preferred Stock, if such amendment or action would alter, change or affect adversely the powers, rights, privileges or preferences of
the holders of the Series B Preferred Stock; or 
  
 (iii) increase the number of shares of Series B Preferred Stock authorized for issuance above 1,333,334 shares; or 
  
 (iv) at any time after the initial issuance date of the Series B Preferred Stock, issue any shares of Series B Preferred Stock,
except (i) issuances pursuant to the Purchase Agreement, or (ii) issuances of share certificates upon transfers or exchanges of shares by holders (other than the Corporation) or in replacement of lost, stolen, damaged or mutilated share
certificates; 
  
 Section 5. Optional Conversion. The
holders of the Series B Preferred Stock shall each have conversion rights as follows (the “Conversion Rights”): 
  
 a. Right to Convert. Shares of Series B Preferred Stock shall be convertible, at the option of the holder thereof, at any time and
from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the aggregate Series B Original Issue Price of the
Shares of Series B Preferred Stock being converted by the Series B Conversion Price in effect at the time of conversion or such share. The initial “Series B Conversion Price” shall be Nine Dollars ($9.00), subject to adjustment as provided
below. For purposes of this Section 5, “Original Issue Date” shall mean, for the Series B Preferred Stock, the date on which the first share of Series B Preferred Stock was issued. 
  

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 In the event of a liquidation of the Corporation, the Conversion Rights shall terminate
at the close of business on the first full day preceding the date fixed for the payment of any amounts distributable on liquidation to the holders of Series B Preferred Stock. 
  
 b. Fractional Shares. No fractional shares of Common Stock shall be issued upon conversion of the
Series B Preferred Stock, and the number of shares of Common Stock to be issued shall be rounded to the nearest whole share. The shares issuable upon such conversion shall be determined on the basis of the total number of shares of Series B
Preferred Stock which the holder is at the time converting into Common Stock and the number of shares of Common Stock issuable upon such aggregate conversion. 
  

c. Mechanics of Conversion. 
  
 (i) In order for a holder of Series B Preferred Stock to convert shares of Series B Preferred Stock into shares of Common Stock, such
holder shall surrender the certificate or certificates for such shares of Series B Preferred Stock, at the office of the transfer agent for the Corporation (or at the principal office of the Corporation if the Corporation serves as its own transfer
agent), together with written notice that such holder elects to convert all or any number of the shares of the Series B Preferred Stock represented by such certificate or certificates. Such notice shall state such holder’s name or the names of
the nominees in which such holder wishes the certificate or certificates for shares of Common Stock to be issued. If required by the Corporation, certificates surrendered for conversion shall be endorsed or accompanied by a written instrument or
instruments of transfer, in form satisfactory to the Corporation, duly executed by the registered holder or his, her or its attorney duly authorized in writing. The date of receipt of such certificates and notice by the transfer agent (or by the
Corporation if the Corporation serves as its own transfer agent) shall be the conversion date (“Conversion Date”). The Corporation shall, as soon as practicable after the Conversion Date, issue and deliver at such office to such holder of
Series B Preferred Stock, or to his, her or its nominees, a certificate or certificates for the number of shares of Common Stock to which such holder shall be entitled, together with cash in lieu of any fraction of a share. In case less than all the
shares of Series B Preferred Stock represented by any certificate are being converted, a new certificate representing the unconverted shares of Series B Preferred Stock shall be issued to the holder thereof without cost to such holder. 

 
 (ii) The Corporation shall at all times when the Series B
Preferred Stock shall be outstanding, reserve and keep available out of its authorized but unissued stock, for the purpose of effecting the conversion of the Series B Preferred Stock, such number of its duly authorized shares of Common Stock as
shall from time to time be sufficient to effect the conversion of all outstanding Series B Preferred Stock. 
  
 (iii) Upon any such conversion, no adjustment to the Series B Conversion Price shall be made for any declared or accrued but unpaid
dividends on the Series B Preferred Stock surrendered for conversion or on the Common Stock delivered 

  

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upon conversion, but, as provided in clause (iv) below, such dividends shall remain payable to the holder thereof. 
  
 (iv) All shares of Series B Preferred Stock which shall have
been surrendered for conversion as herein provided shall no longer be deemed to be outstanding and all rights with respect to such shares, including the rights, if any, to receive notices and to vote, shall immediately cease and terminate on the
Conversion Date, except only the right of the holders thereof to receive shares of Common Stock in exchange therefor and payment of any dividends declared or accrued but unpaid thereon. Any shares of Series B Preferred Stock so converted shall be
retired and cancelled and shall not be reissued, and the Corporation (without the need for stockholder action) may from time to time take such appropriate action as may be necessary to reduce the authorized Series B Preferred Stock accordingly.

  
 (v) The Corporation shall pay any and all
issue and other taxes that may be payable in respect of any issuance or delivery of shares of Common Stock upon conversion of shares of Series B Preferred Stock pursuant to this Section 5. The Corporation shall not, however, be required to pay any
tax which may be payable in respect of any transfer involved in the issuance and delivery of shares of Common Stock in a name other than that in which the shares of Series B Preferred Stock so converted were registered, and no such issuance or
delivery shall be made unless and until the person or entity requesting such issuance has paid to the Corporation the amount of any such tax or has established, to the satisfaction of the Corporation, that such tax has been paid. 

 
 d. Adjustment for Stock Splits and Combinations.
If the Corporation shall at any time or from time to time after the Original Issue Date of the Series B Preferred Stock effect a subdivision of the outstanding Common Stock, the Series B Conversion Price then in effect with respect to the Series B
Preferred Stock immediately before that subdivision shall be proportionately decreased. If the Corporation shall at any time or from time to time after the Original Issue Date of the Series B Preferred Stock combine the outstanding shares of Common
Stock, the Series B Conversion Price then in effect immediately before the combination with respect to the Series B Preferred Stock shall be proportionately increased. Any adjustment under this paragraph shall become effective at the close of
business on the date the subdivision or combination becomes effective. 
  
 e. Adjustment for Certain Dividends and Distributions. In the event the Corporation at any time, or from time to time after the Original Issue Date of the Series B Preferred Stock shall make or issue, or fix a
record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in additional shares of Common Stock, then and in each such event the Series B Conversion Price with respect to the Series B
Preferred Stock then in effect shall be decreased as of the time of such issuance or, in the event such a record date shall have been fixed, as of the close of business on such record date, by multiplying the Series B Conversion Price for the Series
B Preferred Stock then in effect by a fraction: 
  
 (1) the numerator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance or the close of business on such record date, and 
  

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 (2) the denominator of which shall be the total number of shares of Common Stock issued
and outstanding immediately prior to the time of such issuance or the close of business on such record date plus the number of shares of Common Stock issuable in payment of such dividend or distribution; 
  
 provided, however, that if such record date shall have been fixed and such
dividend is not fully paid or if such distribution is not fully made on the date fixed therefor, the Series B Conversion Price for the Series B Preferred Stock shall be recomputed accordingly as of the close of business on such record date and
thereafter the Series B Conversion Price for the Series B Preferred Stock shall be adjusted pursuant to this paragraph as of the time of actual payment of such dividends or distributions. 
  
 f. Adjustments for Other Dividends and Distributions.
In the event the Corporation at any time or from time to time after the Original Issue Date of the Series B Preferred Stock shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or
other distribution payable in securities of the Corporation other than shares of Common Stock, then and in each such event provision shall be made so that the holders of Series B Preferred Stock shall receive upon conversion thereof in addition to
the number of shares of Common Stock receivable thereupon, the amount of securities of the Corporation that they would have received had the Series B Preferred Stock been converted into Common Stock on the date of such event and had thereafter,
during the period from the date of such event to and including the conversion date, retained such securities receivable by them as aforesaid during such period, giving application to all adjustments called for during such period under this paragraph
with respect to the rights of the holders of the Series B Preferred Stock. 
  
 g. Adjustment for Reclassification Exchange or Substitution. If the Common Stock issuable upon the conversion of the Series B Preferred Stock shall be changed into the same or a different number of shares of
any class or classes of stock, whether by capital reorganization, reclassification, or otherwise (other than a subdivision or combination of shares or stock dividend provided for above, or a reorganization, merger, consolidation, or sale of assets
provided for below), then and in each such event the holders of the Series B Preferred Stock shall have the right thereafter to convert such share into the kind and amount of shares of stock and other securities and property receivable upon such
reorganization, reclassification, or other change, by holders of the number of shares of Common Stock into which such shares of Series B Preferred Stock might have been converted immediately prior to such reorganization, reclassification, or change,
all subject to further adjustment as provided herein. 
  
 h. Adjustment for Merger or Reorganization, etc. In case of any consolidation or merger of the Corporation with or into another corporation or the sale of all or substantially all of the assets of the Corporation to another
corporation (other than a consolidation, merger or sale which is covered by Subsection 3(c)), each share of Series B 

  

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Preferred Stock shall thereafter be convertible (or shall be converted into a security which shall be convertible) into the kind and amount of shares of
stock or other securities or property to which a holder of the number of shares of Common Stock of the Corporation deliverable upon conversion of such Series B Preferred Stock would have been entitled upon such consolidation, merger or sale; and, in
such case, appropriate adjustment (as determined in good faith by the Board of Directors) shall be made in the application of the provisions in this Section 5 set forth with respect to the rights and interest thereafter of the holders of the Series
B Preferred Stock, to the end that the provisions set forth in this Section 5 (including provisions with respect to changes in and other adjustments of the Series B Conversion Price) shall thereafter be applicable, as nearly as reasonably may be, in
relation to any shares of stock or other property thereafter deliverable upon the conversion of the Series B Preferred Stock. 
  
 i. No Impairment. The Corporation will not, by amendment of its Articles of Incorporation, or through any reorganization, transfer
of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Corporation, but will at
all times in good faith assist in the carrying out of all the provisions of this Section 5 and in the taking of all such action as may be necessary or appropriate in order to protect the respective Conversion Rights of the holders of the Series B
Preferred Stock against impairment. 
  
 j.
Certificate as to Adjustments. Upon the occurrence of each adjustment or readjustment of the Series B Conversion Price pursuant to this Section 5, the Corporation at its expense shall promptly compute such adjustment or readjustment in
accordance with the terms hereof and furnish to each holder of Series B Preferred Stock a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based. The Corporation
shall, upon the written request at any time of any holder of Series B Preferred Stock, furnish or cause to be furnished to such holder a similar certificate setting forth (i) such adjustments and readjustments, (ii) the Series C Conversion Price
then in effect, and (iii) the number of shares of Common Stock and the amount, if any, of other property which then would be received upon the conversion of such Series B Preferred Stock. 
  
 k. Notice of Record Date. In the event: 

 

	 	(a)	that the Corporation declares a dividend (or any other distribution) on its Common Stock payable in Common Stock or other securities of the corporation; 

  

	 	(b)	that the Corporation subdivides or combines its outstanding shares of Common Stock; 

  

	 	(c)	 of any reclassification of the Common Stock of the Corporation (other than a subdivision or combination of its outstanding shares of Common Stock or a stock
dividend or stock distribution thereon), or of any consolidation or 

  

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merger of the Corporation into or with another corporation, or of the sale of all or substantially all of the assets of the Corporation; or

  

	 	(d)	of the involuntary or voluntary dissolution, liquidation or winding up of the Corporation; 

  
 then the Corporation shall cause to be filed at its principal office, and shall cause to be mailed to the holders of the Series B Preferred
Stock at their last addresses as shown on the records of the Corporation or its transfer agent, at least ten (10) days prior to the date specified in (i) below or twenty (20) days before the date specified in (ii) below, a notice stating 

 

	 	(i)	the record date of such dividend, distribution, subdivision or combination, or, if a record is not to be taken, the date as of which the holders of Common Stock of record to be
entitled to such dividend, distribution, subdivision or combination are to be determined, or 

  

	 	(ii)	the date on which such reclassification, consolidation, merger, sale, dissolution, liquidation or winding up is expected to become effective, and the date as of which it is expected
that holders of Common Stock of record shall be entitled to exchange their shares of Common Stock for securities or other property deliverable upon such reclassification, consolidation, merger, sale, dissolution or winding up.

  
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blank] 
  

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 IN WITNESS WHEREOF, this Designation of Rights, Terms and Preferences is executed on behalf of the
Corporation by its President and attested by its Assistant Secretary this 14th day of October, 1999. 
  

			
	 SPACEHAB, INCORPORATED

		
	 By:
	 	/s/    SHELLEY A.
HARRISON        
	 Name:
	 	Shelley A. Harrison
	 Title:
	 	Chairman and CEO

  

			
		
	 Attest:
	 	/s/    MARK A. KISSMAN        
	 Name:
	 	Mark A. Kissman
	 Title:
	 	Secretary

  

 10Amended and Restated Representation Agreement

 Exhibit 10.1 
  
 AMENDED AND RESTATED REPRESENTATION AGREEMENT 
  
 THIS AMENDED AND RESTATED REPRESENTATION AGREEMENT (the “Agreement”) is made and entered into as of the 15 day of
August, 1995, by and between SPACEHAB, INC., a Washington State corporation, with its principal offices and address at 1215 Jefferson Davis Highway, Suite 1501, Arlington, Virginia 22202-4302, U.S.A. (hereinafter “SPACEHAB”) and MITSUBISHI
CORPORATION, a company with its principal place of business in Tokyo, Japan (hereinafter “MITSUBISHI CORPORATION”). 
  
 WITNESSETH 
  
 WHEREAS, SPACEHAB is engaged in the promotion, sale and lease of certain products and services and desires to sell or lease these products and services
(“Products”) in country(ies) (“Territory”), as set forth in Exhibit(s) hereto; and 
  
 WHEREAS, MITSUBISHI CORPORATION is engaged in business as a sales representative in Japan and desires to be appointed SPACEHAB’s sales representative
for the Products within the Territory; and 
  
 WHEREAS, the
parties entered into a Representation Agreement, as of January 12, 1989 (the “Original Agreement”), pursuant to which MITSUBISHI CORPORATION was appointed as SPACEHAB’s sales representative for the Products within the Territory; and

  
 WHEREAS, the parties wish to amend certain provisions of, and
then restate, the Original Agreement; 
  
 NOW, THEREFORE, in
consideration of mutual promises herein contained, the parties agree as follows: 
  
 ARTICLE 1. APPOINTMENT AND TERM 
  
 1.1 SPACEHAB hereby appoints MITSUBISHI CORPORATION as its exclusive sales representative in the Territory to solicit, promote, and consummate sales or leases of the Products in the Territory on an exclusive basis. 
  
 1.2 The term of this Agreement is fifteen (15) years, commencing on January
12, 1989, unless sooner terminated as provided in ARTICLE 7 hereof. SPACEHAB and MITSUBISHI CORPORATION may extend this Agreement for additional terms by mutual agreement in writing. 
  
 1.3 During the term hereof, SPACEHAB shall not: (1) appoint additional representatives in the Territory, or make a request
to any person, firm or corporation other than MITSUBISHI CORPORATION in connection with, the sale, lease, license or 

  

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other disposition or use of the Products, (2) entertain any direct or indirect inquiry for the Products from any person, firm or corporation in the Territory
other than MITSUBISHI CORPORATION and shall refer to MITSUBISHI CORPORATION any inquiry which SPACEHAB may receive from any person, firm or corporation in the Territory or (3) sell or lease the Products to any person, firm or corporation, other than
the U.S. Government or any agency or instrumentality thereof, outside the Territory who SPACEHAB knows or has reason to know, intends to resell or sub-lease the Products in or into the Territory. 
  
 ARTICLE 2. MITSUBISHI CORPORATION’S UNDERTAKINGS 
  
 2.1 Sales Efforts - MITSUBISHI CORPORATION agrees to devote its best
efforts to the sale or lease of the Products in the Territory. In furtherance of such sales efforts, MITSUBISHI CORPORATION agrees to appoint and dedicate the equivalent of at least one full-time sales representative to act on its behalf and to
facilitate the performance of its obligations under this Agreement. MITSUBISHI CORPORATION shall cause such sales representative(s) to dedicate his or her full-time best efforts towards the performance of such obligations. All costs and expenses
associated with such full-time sales representative(s), including but not limited to salary, maintenance of office facilities, employee benefits and other similar employer-related expenses, shall be borne by MITSUBISHI CORPORATION. The duties and
responsibilities of MITSUBISHI CORPORATION described in this Section 2 shall be collectively referred to as the “Services.” 
  
 2.2 Other Services - MITSUBISHI CORPORATION shall: 
  

	 	(1)	Share with SPACEHAB its knowledge relative to economic, commercial and industrial data, customs and procedures, business trends, market conditions and potential customers for the
Products, within the Territory, as they pertain to the Products, and 

  

	 	(2)	Cooperate with SPACEHAB in its efforts to sell the Products in or into the Territory by providing services as requested including, but not limited to, assisting with visas,
customers clearance, local transportation and accommodations, interpreter and translation services, business appointments, secretarial services, and telex and telephone communications. 

  
 2.3 Compliance with Law - MITSUBISHI CORPORATION (as used in this
Article 2.3 includes its directors, officers, employees and others acting on its behalf) is legally qualified in the Territory to perform the services contemplated by this Agreement. MITSUBISHI CORPORATION shall, in performing its obligations under
this Agreement, comply with all applicable existing and future laws, regulations and acts of the government(s) of the Territory. Further, MITSUBISHI CORPORATION shall take 

  

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no action on behalf of SPACEHAB that would be illegal under U.S.A. law if taken by SPACEHAB itself. 
  
 ARTICLE 3. COMPENSATION 
  
 3.1 Amount and Time of Payment - As compensation for MITSUBISHI
CORPORATION’s Services rendered hereunder, SPACEHAB shall pay to MITSUBISHI CORPORATION commissions in accordance with the schedules set forth in the Exhibit(s) hereto. 
  
 3.2 Method of Payment - Payments will be made by check or order payable in U.S. currency. Payments will be delivered
to MITSUBISHI CORPORATION’s principal place of business or mailed or credited to such bank in the Territory or in the U.S.A. as SPACEHAB and MITSUBISHI CORPORATION shall hereafter and from time to time agree upon. This procedure will be
adjusted as necessary to comply with all laws of the Governments of the Territory and the U.S.A. Payment will only be made pursuant to and consistent with the terms of this Agreement. 
  
 3.3 Termination for Convenience or Expiration - In the event this Agreement is discontinued by termination for
convenience pursuant to ARTICLE 7 hereof or by expiration, MITSUBISHI CORPORATION’s right to receive commission payments, if any, in connection with sales or leases of the Products pursuant to orders accepted by SPACEHAB before such termination
or expiration, or within one (1) year after notice of termination is given, as provided in Articles 7 or 9, or within one (1) year after expiration, shall not be affected. 
  
 3.4 Reimbursement of Other Expenses - MITSUBISHI CORPORATION may incur costs other than and/or over and above those
specified in this Agreement and Exhibit(s) thereto as authorized by SPACEHAB. In this event, reimbursement of such expenses, as approved by SPACEHAB, will be paid by SPACEHAB within 30 days after receipt of MITSUBISHI CORPORATION’s invoice.

  
 ARTICLE 4. LIMITATION ON MITSUBISHI CORPORATION’S
RIGHTS AND AUTHORITY 
  
 4.1 Sales Outside the
Territory - MITSUBISHI CORPORATION shall not perform Sales Efforts or Services, as described in ARTICLE 2, outside the Territory without prior written approval of SPACEHAB. 
  
 4.2 No Power To Obligate SPACEHAB - MITSUBISHI CORPORATION and its employees shall be deemed to be and act solely as
independent contractors and shall not represent themselves to be employees or agents of SPACEHAB for any purpose. MITSUBISHI CORPORATION and its employees are not authorized to make commitments for the account of, assume or create express or implied
obligations on behalf of, or in any respect bind SPACEHAB, and SPACEHAB reserves the right, in its 

  

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sole discretion, to refuse to quote on any proposed sale, lease or license or to accept any order solicited or negotiated by MITSUBISHI CORPORATION.

  
 4.3 Product Literature - Subject to applicable U.S.A.
security and export laws and regulations, SPACEHAB will furnish MITSUBISHI CORPORATION with such quantities of current literature, data, and technical information covering the Products as deemed necessary by SPACEHAB at no cost for MITSUBISHI
CORPORATION’s use in performing its duties hereunder. MITSUBISHI CORPORATION agrees that such material is proprietary to SPACEHAB and that SPACEHAB retains the exclusive right thereto. The material may be disseminated as necessary to
prospective customers. Furnishing above described materials shall not be construed as granting any license under any invention, patent concept, technology or copyright now or hereafter owned or controlled by SPACEHAB. 
  
 4.4 Confidentiality - MITSUBISHI CORPORATION shall not disclose to
anyone, or except for performance of this Agreement, make use of information owned or controlled by SPACEHAB relative to their business or the business of their suppliers or affiliates, unless such information is so generally known or recognized as
standard practice as to be in the public domain. 
  
 ARTICLE 5.
QUOTATIONS TO PURCHASERS 
  
 SPACEHAB may provide or cause to
be provided to MITSUBISHI CORPORATION written material which may be amended from time to time, setting forth prices, charges, terms and conditions or such other additional information which MITSUBISHI CORPORATION may quote or provide in connection
with any proposed sale. MITSUBISHI CORPORATION may deviate from the material only when SPACEHAB issues contrary written instructions on any order by order basis. Such instructions shall apply solely to the order for which issued. 
  
 ARTICLE 6. RESERVATIONS AND EXCLUSIONS 
  
 6.1 Government Approval - The express consent and approval of the
Governments of the U.S.A. and the Territory may be required before any agreement to sell or sale of the Products hereunder can be effective, and neither SPACEHAB nor MITSUBISHI CORPORATION represents that such consent or approval will be granted.

  
 6.2 Failure to Enforce - Failure to enforce any
provisions of this Agreement shall not be construed as a waiver of such provisions by either party or of the right to enforce them subsequently. 
  
 ARTICLE 7. TERMINATION FOR BREACH 
  
 Either party shall have the right and option to terminate this Agreement immediately by written notice to the other party upon the material breach of any

  

 4 

 
provision hereto by the other party, and shall thereupon have a claim against such party in breach for such reasonable costs and direct damage as may have
been incurred by the terminating party resulting from the breach by the other party. 
  
 ARTICLE 8. ASSIGNMENT 
  
 Neither this Agreement nor rights and duties hereunder may be assigned or transferred, by operation of law or otherwise, or delegated by either party without prior written consent of the other party. 
  
 ARTICLE 9. NOTICES 
  
 All formal notices and communications hereunder shall be sent by telegram,
cablegram or by registered airmail, with a copy by ordinary airmail, and shall be deemed given on the date deposited in the cable, telegraph or post office, addressed to the other party as follows, provided that either party may from time to time
change the address to which notices to it are to be sent by giving written notice of such change to the other party: 
  

			
	 SPACEHAB, Inc.
	 	MITSUBISHI CORPORATION
	 1215 Jefferson Davis Highway, Suite 1501
	 	3-1, Marunouchi 2-chome
	 Arlington, VA 22202-4302
	 	Chiyoda-ku, Tokyo
	 	 	Japan 100-86
	 Attention:
	 	Attention:
	 Mr. Richard P. Hora
	 	Mr. Kenichiro Yoshiyama,
	 President and CEO
	 	General Manager,
	 	 	Aerospace Division

  
 ARTICLE 10. EXHIBITS

  
 Exhibit A constitutes a part of this Agreement.

  
 ARTICLE 11. ENTIRE AGREEMENT - AMENDMENT APPLICABLE LAWS

  
 This Agreement, together with all amendments hereto:

  

	 	(1)	Constitutes the entire understanding between the parties concerning the subject matter hereof, 

  

	 	(2)	Supersedes all prior written or oral understandings of the parties concerning the subject matter hereof, including but not limited to, the Original Agreement,

  

 5 

	 	(3)	May be amended only by written instrument signed by both parties subsequent to the data hereof, 

  

	 	(4)	May be executed in any number of counterparts, whether transmitted by facsimile or otherwise, 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; and 

  

	 	(5)	Shall be construed in accordance with the laws of the Commonwealth of Virginia. 

  
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first above written by their
officers thereunto duly authorized. 
  

									
	 SPACEHAB, INC.
	 	 	 	 MITSUBISHI CORPORATION

					
	By: 	 	/s/    RICHARD P. HORA        	 	 	 	By: 	 	/s/    KENICHIRO
YOSHIYAMA        
	 	 	Richard P. Hora	 	 	 	 	 	Kenichiro Yoshiyama
	 	 	President and CEO	 	 	 	 	 	General Manager
	 	 	 	 	 	 	 	 	Aerospace Division

  

									
					
	 Witness: 
	 	/s/ Illegible	 	 	 	 Witness: 
	 	/s/ Illegible

  

 6 

 EXHIBIT A 
  

AMENDED AND RESTATED REPRESENTATION AGREEMENT 
  

					
	1.	 	Products:	 	All SPACEHAB products and services to be marketed, leased and/or sold in the Territory, including, but not limited to, SPACEHAB pressurized middeck augmentation module facilities (“Spacehab
Modules”), and all related goods and services.

  

	2.	Territory - Japan 

  

	3.	Compensation - as referred in Article 3, shall consist of: 

  

	 	3.1.	Amount - SPACEHAB shall compensate MITSUBISHI CORPORATION for the Services in the amount of (i) twelve percent (12%) of the Sales Price (as defined in Section 3.2 of this Exhibit A)
earned by SPACEHAB from sales of the Product(s) in the Territory to NASDA relating to the so-called “Joint Mission” for orbital research, currently expected to be between NASA, NASDA and ESA, whether such sales are made directly to the
purchaser or through the U.S. Government (but only in cases where the Sales Price for the Product(s) in the Territory is paid by the purchaser to the U.S. Government and subsequently paid to SPACEHAB), and (ii) fifteen percent (15%) of the Sales
Price (as defined in Section 3.2 of this Exhibit A) earned by SPACEHAB from all other sales of the Product(s) in the Territory, whether such sales are made directly to the purchaser or through the U.S. Government (but only in cases where the Sales
Price for the Product(s) in the Territory is paid by the purchaser to the U.S. Government and subsequently paid to SPACEHAB). 

  

	 	3.2	Sale Price - Compensation shall be based on the sale or lease price of the Product(s), excluding only the price of Space Shuttle flight and other services payable by SPACEHAB to
NASA either directly or indirectly. 

  

	 	3.3	Time of Payment - Compensation will be payable thirty (30) days after SPACEHAB receives full cash payment from the purchaser or at such other times as mutually agreed between
MITSUBISHI CORPORATION and SPACEHAB. 

  

 7

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