Document:

EX-10.2

 Exhibit 10.2 
 Execution Version 
 FIRST AMENDMENT TO THE AMENDED AND RESTATED CREDIT AGREEMENT

 FIRST AMENDMENT dated as of December 8, 2011 (this “Amendment”) made with respect to the Amended
and Restated Credit Agreement dated as of December 20, 2010 (as in effect on the date of this Amendment, the “Credit Agreement”), among SPACE SYSTEMS/LORAL, INC., a Delaware corporation (the “Borrower”), the
several banks and other financial institutions or entities from time to time parties to this Agreement (the “Lenders”), CREDIT SUISSE SECURITIES (USA) LLC, as documentation agent (in such capacity, the “Documentation
Agent”), ING BANK N.V., as syndication agent (in such capacity, the “Syndication Agent”), and JPMORGAN CHASE BANK, N.A., as administrative agent. 
 RECITALS: 
 WHEREAS, pursuant to the Credit Agreement, the lenders
have agreed to make, and have made, certain loans and other extensions of credit to the Borrower; 
 WHEREAS, the
Borrower has requested that the L/C Commitment as set forth in the Credit Agreement be increased by $50,000,000 as set forth herein; 
 WHEREAS, it is anticipated that the Borrower will request that a Lender becomes, or Lenders each become, an “Issuing Lender” under the Credit Agreement, in either case in addition to
JPMorgan Chase Bank, N.A.; 
 WHEREAS, the Administrative Agent is willing to approve of a Lender becoming, or Lenders
each becoming, an “Issuing Lender” under the Credit Agreement, in either case in addition to JPMorgan Chase Bank, N.A.; 
 WHEREAS, the Administrative Agent and the Required Lenders are willing to agree to this Amendment on the terms set forth herein. 

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the parties hereto hereby agree as
follows: 
 1. Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to such
terms in the Credit Agreement. 
 2. Amendments to the Credit Agreement. The Credit Agreement shall be amended as of the
First Amendment Effective Date (as defined below) as set forth below: 
 (a) Section 1.1 of the Credit Agreement is
hereby amended as follows: 
  

	 	i.	by deleting the definition of “L/C Commitment” and replacing it with the following: 

““L/C Commitment”: $100,000,000.” 

 

	 	ii.	by inserting the following definition in proper alphabetical order: 

 “First Amendment” means the First Amendment to this Agreement, dated
December 8, 2011. 
 3. Conditions Precedent to the Effectiveness of this Amendment. This Amendment shall become
effective on the date (the “First Amendment Effective Date”) on which the following conditions precedent shall have been satisfied: 
 (a) Executed Counterparts. The Administrative Agent shall have received a counterpart of this Amendment executed and delivered by a duly authorized officer of each of (i) the Borrower and
(ii) the Required Lenders. 
 (b) No Default or Event of Default. After giving effect to this Amendment, no Default
or Event of Default shall have occurred and be continuing. 
 (c) Fees and Expenses. The Administrative Agent shall have
received a fee, for the benefit of the consenting lenders, of 2.5 basis points on the aggregate amount of the Revolving Commitment of each Lender that has executed and delivered this Amendment on or prior to 3:00 p.m., New York City time, on
December 8, 2011 (or such later time as the Borrower and the Administrative Agent shall agree). 
 4. Representations and
Warranties. To induce the Administrative Agent and the Lenders to enter into this Amendment, the Borrower hereby represents and warrants that: 
 (a) as of the First Amendment Effective Date, and after giving effect to this Amendment, the representations and warranties made by each Loan Party in or pursuant to the Credit Documents are true and
correct in all material respects as if they were made on such date (except to the extent any such representation and warranty relates to an earlier date, which such representation and warranty shall be true and correct in all material respects as of
such earlier date); and 
 (b) as of the First Amendment Effective Date, and after giving effect to this Amendment, no Default
or Event of Default has occurred and is continuing; 
 5. Additional Issuing Lenders. The Borrower and the Administrative
Agent shall approve of a Lender becoming, or Lenders each becoming an Issuing Lender pursuant to the Credit Agreement, in either case in addition to JPMorgan Chase Bank, N.A. As an Issuing Lender, such Lender or Lenders shall have all the benefits,
rights and privileges of an Issuing Lender under the Credit Agreement and shall agree to notify the Administrative Agent promptly of any proposed issuance by it of any Letter of Credit, of any drawing of reimbursement under or in respect of any such
Letter of Credit and of any expiry, extension, increase or cancellation of any such Letter of Credit. The parties agree that JPMorgan Chase Bank, N.A. shall not be required to issue Letters of Credit having aggregate L/C Obligations at any time
outstanding of more than $65,000,000, but may in its discretion issue additional Letters of Credit at any such time and shall be fully protected as an Issuing Lender in doing so. 

6. No Other Amendments; Confirmation. Except as expressly amended, modified and supplemented hereby, the provisions of the Credit
Agreement and the other Credit Documents are and shall remain in full force and effect. Nothing herein shall be deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any Credit Document in similar or different circumstances. On and after the First Amendment Effective Date, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and each 

  
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reference to the Credit Agreement in any other Credit Document shall be deemed a reference to the Credit Agreement as amended hereby. This Amendment shall constitute a “Credit Document”
for all purposes of the Credit Agreement and the other Credit Documents. 
 7. Expenses. The Borrower agrees to pay and
reimburse the Administrative Agent for all its reasonable out-of-pocket costs, fees and expenses incurred in connection with the preparation and delivery of this Amendment, including, without limitation, the reasonable fees and disbursements of
legal counsel to the Administrative Agent. 
 8. Counterparts. This Amendment may be executed by one or more of the
parties to this Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Amendment by facsimile or email
transmission shall be effective as delivery of a manually executed counterpart hereof. 
 9. Governing Law. THIS
AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	SPACE SYSTEMS/LORAL, INC.
		
	By:	 	 /s/ Richard P. Mastoloni

		 	Name: Richard P. Mastoloni
		 	Title: Senior Vice President

  
 [Signature
page to the First Amendment to the Amended and Restated Credit Agreement] 

  

			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Lender
		
	By:	 	/s/ Goh Siew Tan
		 	Name: Goh Siew Tan
		 	Title: Vice President

  
 [Signature
page to the First Amendment to the Amended and Restated Credit Agreement] 

			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender
		
	By:	 	 /s/ Ari Bruger

		 	Name: Ari Bruger
		 	Title: Vice President
		
	By:	 	 /s/ Kevin Buddhdew

		 	Name: Kevin Buddhdew
		 	Title: Associate

  
 [Signature
page to the First Amendment to the Amended and Restated Credit Agreement] 

			
	ING BANK N.V., as a Lender
		
	By:	 	 /s/ Wim Steenbakkers

		 	Name: Wim Steenbakkers
		 	Title: Managing Director
		
	By:	 	 /s/ Oliver Peterson

		 	Name: Oliver Peterson
		 	Title: Director

  
 [Signature
page to the First Amendment to the Amended and Restated Credit Agreement] 

			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Jay D. Marquis

		 	Name: Jay D. Marquis
		 	Title: Director

  
 [Signature
page to the First Amendment to the Amended and Restated Credit Agreement] 

			
	CIBC INC., as a Lender
		
	By:	 	 /s/ Michael Gewirtz

		 	Name: Michael Gewirtz
		 	Title: Authorized Signatory
		
	By:	 	 /s/ Eoin Roche

		 	Name: Eoin Roche
		 	Title: Authorized Signatory

  
 [Signature
page to the First Amendment to the Amended and Restated Credit Agreement] 

			
	MORGAN STANLEY SENIOR FUNDING, INC., as a Lender
		
	By:	 	 /s/ Allen Chang

		 	Name: Allen Chang
		 	Title: Vice President

  
 [Signature
page to the First Amendment to the Amended and Restated Credit Agreement] 

			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	 /s/ Richard Smith

		 	Name: Richard Smith
		 	Title: Authorized Signatory

  
 [Signature
page to the First Amendment to the Amended and Restated Credit Agreement]EX-10.39

 Exhibit 10.39 
 [NON-EMPLOYEE DIRECTOR GRANT] 
 RESTRICTED STOCK UNIT AGREEMENT 

UNDER THE 

LORAL SPACE & COMMUNICATIONS INC. 
 2005 STOCK INCENTIVE PLAN 
 THIS AGREEMENT (the “Agreement”) is
made as of the 24th day of May, 2011 (the “Grant Date”), by and between LORAL SPACE & COMMUNICATIONS INC. (the “Company”) and
                    (the “Grantee”). 
 W I T N E S S E T H : 
 WHEREAS, the Grantee is currently a non-employee member of
the Board of Directors (the “Board”) of the Company and the Company desires to have him remain in such capacity and grant to him a notional interest in shares of the Company’s common stock, par value $0.01 per share (the
“Stock”), in the form of restricted stock units, subject to certain restrictions and on the terms and conditions set forth herein so that he may have a direct proprietary interest in the Company’s success. 

NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the parties hereto hereby agree as follows:

 1. Grant of Restricted Stock Units. Subject to the restrictions, terms and conditions set forth herein and in the
Company’s 2005 Stock Incentive Plan, as amended from time to time (the “Plan”), the Company hereby grants to the Grantee 2,000 restricted stock units (the restricted stock units granted hereunder are hereafter referred to as
the “Restricted Stock Units”). Each Restricted Stock Unit shall represent the right to receive upon settlement (i) one share of the Stock or (ii) cash equal to the fair market value of one share of Stock on the settlement date,
subject to the terms and conditions set forth herein. The determination as to whether the Restricted Stock Units are settled in Stock or cash shall be at the sole discretion of the Company. Capitalized terms not defined herein shall have the meaning
ascribed to them in the Plan. 
 2. Satisfaction of Vesting Conditions. 

(a) General. Except as provided in this Agreement, the Restricted Stock Units are subject to a substantial risk of
forfeiture until vested as set forth in Section 2(b) and are not transferable. 
 (b) Vesting Schedule. The
Restricted Stock Units shall vest in two separate tranches (each, a “Tranche”) as follows. Subject to earlier forfeiture as provided below, 1,000 Restricted Stock Units shall vest on the first anniversary of the Grant Date and the
remaining 1,000 Restricted Stock Units shall vest on the second anniversary of the Grant Date (each such anniversary, a “Vesting Date,”), provided the Grantee has remained a member of the Board from the date hereof through each Vesting
Date. If the Grantee’s membership on the Board is terminated for any reason, the unvested portion of the Restricted Stock Units shall be forfeited by the Grantee without consideration. 

 3. Settlement of Restricted Stock Units. 

(a) All outstanding vested Restricted Stock Units shall be settled on the earlier of (a) the date of the Grantee’s death,
(b) the date the Grantee undergoes a Separation from Service (as defined below), and (c) the date of consummation of a 409A Change in Control (as defined below), (the first of (a), (b), and (c) to occur shall be the “Settlement
Date”); provided, however, that to the extent that the Grantee is a “specified employee” within the meaning of Treasury Regulation 1.409A-1(i) any settlement of the Restricted Stock Units on account of the Grantee’s
Separation from Service from the Company shall be delayed for such period of time as may be necessary to meet the requirements of Treasury Regulation Section 1.409A-3(i)(2) (the “Delay Period”) and on the first business day following
the expiration of the Delay Period, all vested Restricted Stock Units shall be settled. On the Settlement Date, the Company shall deliver to the Grantee (or the Grantee’s estate in the event of Grantee’s death) (x) a certificate or
certificates representing the number of shares of Stock equal to the number of vested Restricted Stock Units or (y) a lump sum payment of cash having a value equal to the fair market value of one share of Stock as of the Settlement Date
multiplied by the number of vested Restricted Stock Units. The determination as to whether the Restricted Stock Units will be settled in Stock or cash shall be within the sole discretion of the Company. 

(b) For purposes of this Agreement, a “Separation from Service” will be deemed to occur on the date as of which the Grantee has
undergone a “separation from service” (as that term is specifically defined in Treas. Reg. §1.409A-1(h), applying the rules set forth therein) with the Loral Controlled Group (as defined below); provided, however, that
to the extent that the Grantee becomes employed with Loral or any member of the Loral Controlled Group the Grantee will be deemed to undergo a termination of employment on the date that such Grantee’s level of bona fide services performed
decreases to a level less than 50 percent of the average level of services performed by the Grantee during the immediately preceding 36-month period. For purposes of this Agreement the Loral Controlled Group means Loral and all persons and entities
with respect to which Loral would be considered a single employer under Code §414(b) and (c), provided, however, that in applying Code §1563(a)(1), (2) and (3) for purposes of determining a controlled group of
corporations and in applying Treas. Reg. §1.414(c)-2 for purposes of determining trades or businesses that are under common control, as provided in Treas. Reg. §1.409A-1(h)(3), the language “at least 80 percent” is used, instead
of the default language “at least 50 percent” as set forth in Treas. Reg. §1.409A-1(h)(3), each place it appears. 
 (c) For purposes of this Agreement, a “409A Change in Control” shall mean a Change in Control that also constitutes a “change in control event” within the meaning of Treasury
Regulation Section 1.409A-3(i)(5). 

  
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 4. Dividends and Dividend Equivalents. No dividends or dividend equivalents shall
accrue or be paid with respect to any outstanding Restricted Stock Units. 
 5. Rights of Stockholder. The Grantee will
not have any rights as a Stockholder with respect to any Restricted Stock Units unless and until the Restricted Stock Units are settled in shares of Stock and Grantee becomes the holder of record of such shares. 

6. No Right to Continued Board Membership. This Agreement does not confer upon the Grantee any right to continuance of membership
on the Board, nor shall it interfere in any way with the right of the Company to terminate his Board membership at any time. 

7. Transferability. The Restricted Stock Units may not, at any time prior to settlement, be assigned, alienated, pledged,
attached, sold or otherwise transferred or encumbered by the Grantee and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable. 

8. Notice. Every notice or other communication relating to this Agreement shall be in writing, and shall be mailed to or delivered
to the party for whom it is intended at such address as may from time to time be designated by it in a notice mailed or delivered to the other party as herein provided; provided that, unless and until some other address be so designated, all notices
or communications by the Grantee to the Company shall be mailed or delivered to the Company at its New York office and all notices or communications by the Company to the Grantee may be given to the Grantee personally or may be mailed to the
Grantee’s home address as reflected on the books of the Company. 
 9. Arbitration. All disputes between the parties
arising out of, or in connection with the validity, interpretation, construction, meaning or execution of the Plan or of this Agreement or any settlement thereof, shall be finally settled by arbitration to be held in New York City and conducted in
accordance with the Rules of the American Arbitration Association. Judgment upon the award rendered may be entered in any court having jurisdiction or application may be made to such court for judicial acceptance of the award and an order of
enforcement, as the case may be. 
 10. Governing Law. The validity, interpretation and performance of this Agreement
shall be controlled by and construed under the laws of Delaware, without giving effect to the principles of conflicts of law. 

11. Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument. 

*    *    * 

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

			
	LORAL SPACE & COMMUNICATIONS INC.
		
	By:	 	 
	Name:	 	Michael B. Targoff
	Title:	 	Vice Chairman, Chief Executive Officer and President
	
	  

	Grantee:

  

	
	Mailing Address of Grantee for Delivery of Stock Certificates:
	
	 
	
	  
	
	   

	
	Phone Number of Grantee:_________________
	
	Email Address of Grantee:__________________
	
	Social Security No.:________________________

  
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