Document:

EX-10.1.48

 Exhibit 10.1.48 

THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION: [***] 
 Product
Development and Manufacturing Agreement 
 ThinKom 30” VICTS Ku Rx (“K4”) Antenna System 

This PRODUCT DEVELOPMENT AND MANUFACTURING AGREEMENT (this
“Agreement”) dated November 13, 2012 is between Gogo LLC, a Delaware limited liability corporation, with a principal place of business located at 1250 N. Arlington Heights Road, Suite 500, Itasca, IL 60143,
(“Gogo”) and ThinKom Solutions, Inc., a California Corporation, with a principal place of business located at 20000 Mariner Ave., Suite 500, Torrance, CA, 90503. (“ThinKom”). Gogo and ThinKom may be referred to
herein individually as a “Party” or collectively as the “Parties.” 
 It is agreed as follows: 

 

	1.	Services. Under the terms of this Agreement, Gogo retains ThinKom to develop, manufacture, complete successful testing of, and deliver to Gogo the product set forth in Exhibit A (the “Product”),
and any other Deliverables agreed to by the Parties in accordance with Gogo’s specifications and requirements. The term “Deliverables” means any and all documents, designs, computer programs, computer systems, hardware, data,
computer documentation, and other tangible materials authored or prepared by ThinKom and delivered to Gogo pursuant to this Agreement, including any ThinKom Technology incorporated therein. 

 

	2.	Development, Manufacture and Acceptance. ThinKom will develop, manufacture and deliver the Product and Deliverables described in Exhibit A according to the schedule described in Exhibit A. Gogo will
have up to thirty (30) business days to examine each of the foregoing and determine if it conforms to the applicable specifications and requirements. If the Products and Deliverables meet the requirements, Gogo will signify acceptance of the
Products and Deliverables in writing to ThinKom (“Acceptance”). Gogo’s acceptance of any Product or Deliverable will not release ThinKom from its warranty obligations under this Agreement, including any of its Exhibits. If any
Product or Deliverable does not meet the requirements in Gogo’s opinion, Gogo will indicate rejection of the foregoing, and provide ThinKom with a written list of errors. Within ten (10) days of receiving a rejection, ThinKom will identify
the cause of the problem and define a plan to correct such errors so that the Product and Deliverable conforms to the applicable requirements. Upon correction of the errors, ThinKom will re-deliver the corrected items to Gogo, at ThinKom’s
expense, which corrected items will be subject to the Acceptance procedure described in this Section. However, if errors still exist after three (3) attempts at correction by ThinKom and ThinKom is not able to provide reasonable corrections,
Gogo may terminate this agreement by providing notice to ThinKom with Gogo’s description of the remaining errors. 

  

	3.	Changes. After consultation with ThinKom, Gogo may request changes to the Products or Deliverables at any time prior to Acceptance. Requests for changes will be submitted in writing. For any changes, which
ThinKom determines, are material (defined as any change that would increase the cost or time of the development cycle either individually or cumulatively taking changes in to account), ThinKom will submit cost and schedule impact to Gogo for review
and concurrence. Upon agreement by ThinKom and Gogo, Gogo and ThinKom will sign the revised Exhibit A or specification. If ThinKom and Gogo do not agree to the impact of any change within ten (10) business days of Gogo submitting a
requested change and ThinKom submitting the given schedule and cost impact, Gogo may terminate this Agreement by notice to ThinKom. 

  
 1 

	4.	Support. ThinKom will provide Product warranty support under the terms and conditions described in Exhibit B: Support Terms.  

 

	5.	Warranty. [***] 

 After the warranty period stated herein has expired, some manufacturer
and/or licensor’s warranties may still be in effect, and Gogo shall look solely to such manufacturer and/or licensor for warranty repair. 

ThinKom warrants that neither the Product nor Deliverables contains or will contain any disabling procedures (as defined in the next sentence).
“Disabling procedures” means any code or instructions that is capable of accessing, modifying, disabling, interfering with or otherwise harming the Product, Deliverables, any connected system, or any information resident on such a system,
except in a manner that is intended for the functionality of the Product and fully disclosed in the documentation of the Deliverables. For example, “disabling procedures” includes any virus or other malicious code, software lock, time bomb
or trap door. Immediately upon discovery of any disabling procedures that may be included in the Product or Deliverables, ThinKom will notify Gogo, and will take any action necessary to identify and eradicate such disabling procedures, and to carry
out any recovery necessary to remedy the impacts of such disabling procedures, at ThinKom’s expense. 
 THIS
IS THE ONLY WARRANTY GIVEN BY THINKOM. ALL OTHER WARRANTIES, EXPRESS
OR IMPLIED, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR
A PARTICULAR PURPOSE, ARE HEREBY EXCLUDED, EXCEPT ANY WARRANTIES, WHICH CANNOT
BY LAW BE EXCLUDED. 
  

	6.	Price and Payment. Gogo will pay ThinKom the fees, in accordance with the schedule, set forth in Exhibit A. Gogo will pay for Product and Deliverables at the prices set forth in Exhibit A. Payments will
be in U.S. dollars. Payments will be due NET 30 days from invoice date, unless otherwise agreed by the Parties in writing. 

  

	7.	Ownership. This section describes the ownership of the work product developed pursuant to this agreement, and all intellectual property rights related thereto, including copyrights, trademarks, trade secrets,
patents, moral rights, contract and licensing rights, and rights to enforce all of the foregoing (“Proprietary Rights”). 

  

	 	7.1	“Technology” means any and all technical information (including ideas, techniques, designs, inventions, know-how, processes, algorithms and specifications). “Gogo Technology”
means the Technology provided by Gogo to ThinKom pursuant to this Agreement. “ThinKom Technology” means the Technology that was in ThinKom’s possession or in development prior to receipt of any Gogo Technology under this
Agreement, and that ThinKom uses in performing its services under this Agreement. “Project Technology” means the Technology, which is conceived, made, reduced to practice, or learned by ThinKom, or jointly, in the course of work
performed under this Agreement. The Project Technology does not include the ThinKom Technology or the Gogo Technology or Technology derived from either ThinKom Technology or Gogo Technology. Should Gogo identify any technology that Gogo claims is
Project Technology, Gogo shall promptly notify ThinKom in writing of the specific Project Technology. ThinKom shall have 30 days to give written notice to Gogo if ThinKom does not agree that noted technology should be deemed Project
Technology. If ThinKom disagrees and Gogo and ThinKom are not able to come to a resolution within 60 days of ThinKom’s written notice of disagreement to Gogo, the parties shall resolve the disagreement per the arbitration clause outlined
in the Escrow Agreement, Paragraph 7.  

  

	 	7.2	Gogo warrants that it owns, or has the right to use in accordance with this Agreement, all Gogo Technology. ThinKom warrants that it owns, or has the right to use in accordance with this Agreement, all ThinKom
Technology (including the right to grant the license described in the next section with respect to any ThinKom Technology that is owned by a third party). 

  

					
	Confidential and Proprietary	 	2	 	Gogo LLC

	 	7.3	The Gogo Technology and the Project Technology is the exclusive property of Gogo. ThinKom will promptly disclose to Gogo in writing all Project Technology. ThinKom irrevocably assigns to Gogo all right, title and
interest worldwide in and to the Project Technology and all proprietary rights related thereto, and acknowledges that the fees received under this Agreement include good and valuable consideration for such assignment. ThinKom retains no rights to
use the Project Technology, and agrees not to challenge the validity of Gogo’s ownership therein. Gogo owns all right, title, and interest in Technology developed by or for Gogo independent of this Agreement (including improvements thereto).

  

	 	7.4	ThinKom agrees to not supply or disclose any Gogo Technology or any Project Technology to any third party pursuant to Sections 9 and 10. Gogo agrees not to disclose any ThinKom Technology to any third party,
other than such information about the ThinKom Technology, as set forth in Section 8 or that is required to install and operate Products by Gogo or its customers. 

 

	 	7.5	The ThinKom Technology is the exclusive property of ThinKom. Gogo has no rights to use ThinKom technology except pursuant to the license granted in Section 8 of this Agreement. ThinKom owns all right, title,
and interest in Technology developed by or for ThinKom independent of this Agreement (including improvements thereto). 

  

	 	7.6	Upon request, ThinKom will assist Gogo in every proper way to obtain and enforce Proprietary Rights relating to the Project Technology in all countries. ThinKom will execute such documents and perform such other
acts as Gogo may reasonably request to that end. ThinKom’s obligation to assist will continue beyond the termination of this Agreement, but Gogo will reasonably compensate ThinKom for such assistance. If Gogo is unable after reasonable effort
to secure ThinKom’s signature on any document described in the preceding sentence, ThinKom hereby irrevocably designates and appoints Gogo and its officers as ThinKom’s attorney in fact, which appointment is coupled with an interest, to
execute, verify and file any such documents and to do all other lawfully permitted acts to further the purposes of this subsection with the same effect as if executed by ThinKom. ThinKom hereby quitclaims to Gogo any and all claims that ThinKom now
has or may hereafter have for infringement of any proprietary rights assigned to Gogo under this section. 

  

	8.	Licenses. Each party grants to the other a limited license to use certain Technology as described in this section. 

  

	 	8.1	With respect to any ThinKom Technology that is incorporated in or required in connection with the use of any Product or Deliverable under this Agreement, ThinKom hereby grants to Gogo a perpetual, non-exclusive,
royalty-free, irrevocable, worldwide license, with full rights of assignment and sublicense, to use, perform, copy, display, reproduce, market, sell, and distribute such ThinKom Technology as a component of the Product. Notwithstanding the
foregoing, Gogo’s rights to perform, copy or reproduce such ThinKom Technology shall be only in the event Gogo exercises its rights pursuant to the terms of Section 8.2 below. 

 

	 	8.2	After Gogo’s acceptance of the initial 10 Black Label Shipsets, should ThinKom cease to be a going concern or discontinues or is unable or unwilling to manufacture or produce the Product, then with respect
to any ThinKom Technology that is incorporated in or required in connection with the use of any Product or Deliverable under this Agreement, Gogo has the full right and authority pursuant to the grant of the license set forth in Section 8.1,
to, for the Commercial and Business Aviation Sectors, use, perform, copy, display, reproduce, market, sell, and distribute such ThinKom Technology as a component of the Product by all means now known or later developed, to modify the Product and
Deliverables, and to manufacture or have the Product and Deliverables manufactured. 

  

	 	8.3	With respect to any Gogo Technology that is incorporated in or required in connection with the manufacture of the Product, during the term and subject to the provisions of this Agreement, Gogo grants to ThinKom a
royalty-free, worldwide, non-exclusive license, with full rights of assignment to permitted assignees of ThinKom’s other rights under this Agreement, to use such Gogo Technology to manufacture or have manufactured the Product or Deliverables
solely for Gogo. 

  

					
	Confidential and Proprietary	 	3	 	Gogo LLC

	9.	Exclusivity. ThinKom agrees to supply the shipset set out in Exhibit A exclusively to Gogo for the term of this Agreement, subject to the terms and conditions of Exhibit A. 

 

	10.	Noncompetition. [***] 

  

	11.	Purchase Orders. Other Gogo affiliate companies may place a purchase order under this Agreement by executing the applicable transaction documents. All terms and conditions within this Agreement shall govern any
such purchase orders with the exception of shipping, delivery, and invoicing address, which will be identified within the text of the applicable transaction documents. 

 

	12.	Escrow Documentation. The parties will implement escrow as described in this section.  

  

	 	12.1	The Parties will execute an escrow agreement as part of the execution of this Agreement in substantially the form attached as Exhibit C (the “Escrow Agreement”) with Escrow Associates, Inc. (or
another escrow agreement on terms reasonably acceptable to both parties with a third party escrow agent in the U.S. reasonably acceptable to both parties). Upon completion of development and Gogo’s acceptance of the initial 10 Black Label
Shipset Units, ThinKom will make the Initial Deposit as defined in 1(a) of the Escrow Agreement. ThinKom will deposit updates, replacements and duplicate Deposits as described in paragraph 1(b) of the Escrow Agreement. 

 

	 	12.2	The occurrence of any of the events described in paragraph 6 of the Escrow Agreement will trigger release of the Deposit held in escrow. 

 

	 	12.3	All fees for establishing the Escrow Agreement and maintaining Gogo, as a beneficiary thereof will be paid by Gogo. 

If the Deposit is released to Gogo pursuant to the Escrow Agreement, Gogo will not become the owner of the Deposit, but Gogo will have a
perpetual, non-exclusive, irrevocable, worldwide license, to use, copy, display, and reproduce Technology based on the Deposit to manufacture or have manufactured the Product based on the Deposit. Gogo shall have the right to inspect and review the
contents of the Deposit, upon notice to the third party escrow agent and ThinKom, for the sole purpose of verifying the accuracy and completeness of the Deposit. ThinKom shall have the right to be present at the time of inspection, and Gogo agrees
that in conjunction with such verification and inspection, it shall not copy or retain any reviewed information of the Deposit without the consent of ThinKom. 
  

	13.	 Confidentiality. The terms of this Agreement are Confidential Information under the January 3, 2008 Mutual Nondisclosure Agreement between
ThinKom and Gogo (the “Confidentiality Agreement”). The Confidentiality Agreement is incorporated herein and will continue to govern Confidential Information exchanged during the term of this Agreement. If there is any conflict between the
provisions of the Confidentiality Agreement and this Agreement, this Agreement will govern. Those provisions of the Confidentiality Agreement that are stated to survive termination, will survive termination of this Agreement. This execution of this
Agreement will extend the term of the Confidentiality Agreement so that it does not expire until the Termination of this Agreement. The 

  

					
	Confidential and Proprietary	 	4	 	Gogo LLC

	 	
parties agree that the existence of the relationship under this Agreement is considered Confidential Information and neither party shall issue a press release or any information to any third
party concerning the relationship with out the prior written consent of the other party. 

  

	14.	General Indemnity. ThinKom shall indemnify, defend and hold harmless Gogo and its respective representatives, from and against the entirety of any and all claims, liabilities, losses, damages, judgments, and
expenses (including attorney’s fees) incident thereto and incident to establishing the right to indemnification (collectively “Losses”) for loss to property or injury to or death of any person not a Party to this Agreement, arising
out of or in connection with the design, manufacture, and support of Products and Deliverables. Gogo shall indemnify, defend and hold harmless ThinKom and its respective representatives, from and against the entirety of any and all claims,
liabilities, losses, damages, judgments, and expenses (including attorney’s fees) incident thereto and incident to establishing the right to indemnification (collectively “Losses”) for loss to property or injury to or death of any
person not a Party to this Agreement, arising out of Gogo’s performance of its obligations under this Agreement. 

  

	15.	Intellectual Property Indemnity. ThinKom hereby indemnifies, defends, and holds Gogo harmless against all loss, liability or expense (including reasonable attorney and witness fees and expenses) arising out of
any claim brought by a third party that any Product, Deliverable, or Product software infringes upon, misappropriates, or otherwise violates any intellectual property rights owned or controlled by a third party. In the event that a Product,
Deliverable, or Product software is held or is believed by ThinKom to infringe, misappropriate, or otherwise violate any intellectual property rights owned or controlled by a third party, ThinKom will have the option, at its expense, to
(a) modify the Product, Deliverable, or Product software to be non-infringing, (b) obtain for Gogo the right to continue using and selling the Product, Deliverable, or Product software, or (c) substitute a non-infringing product of
equivalent form, fit, function, weight and quality. The indemnity under this section is subject to the conditions that ThinKom is notified of the claim and given the opportunity to control the defense and settlement. 

 

	16.	Authorization. ThinKom has provided Gogo with an English language version of ThinKom’s agreement(s) with its employees and representatives regarding confidential information and ownership of inventions.
ThinKom represents and warrants that every employee or representative who works on the Project Technology or who has access to Gogo’s Confidential Information will first have signed an agreement with ThinKom in the form approved by Gogo.
ThinKom will obtain and maintain all governmental approvals necessary to develop and supply the Products to Gogo, and to perform its other obligations under this Agreement. If this Agreement, or any technology transfer, license or assignment
authorized by this Agreement, is required to be filed with, registered with, or approved by any governmental authorities of ThinKom’s jurisdiction, ThinKom will (a) promptly inform Gogo of such requirements, (b) comply with such
requirements at ThinKom’s expense, and (c) provide copies of such registrations or approvals to Gogo upon request. ThinKom will immediately advise Gogo of any legal notices, claims or demands served on ThinKom, which might affect Gogo.
Prior to signing and throughout the term of this Agreement, ThinKom will notify Gogo of any law of ThinKom’s jurisdiction that conflicts with any provision of this Agreement. Gogo may terminate this Agreement immediately upon notice to ThinKom
if (1) ThinKom breaches its obligations under this section, or (2) any relevant authority requires an amendment to this Agreement which is not acceptable to Gogo as a condition to approval or registration of this Agreement.

  

					
	Confidential and Proprietary	 	5	 	Gogo LLC

	17.	Termination. 

  

	 	17.1	This Agreement will continue in effect for five (5) years from the date of Product Acceptance, and thereafter will automatically renew from year to year unless terminated upon notice at least 90 days
prior to the renewal date. Either party may terminate this Agreement immediately upon notice to the other: 

  

	 	(a)	if the other party materially breaches any of its obligations under this Agreement and the breach is not cured within 30 days after notice thereof and the parties are unable to mutually agree to a reasonable acceptable
recovery plan within the 30 day period; or 

  

	 	(b)	if the other party files insolvency proceedings, or files an answer not seeking dismissal of an insolvency proceeding, or is adjudged insolvent; if substantially all assets of the other party are transferred to an
assignee for the benefit of creditors, a receiver or a trustee; if the other party loses any governmental authorization necessary to fulfill its obligations under this Agreement; or if the other party ceases to carry on business. 

 

	 	17.2	Upon termination of this Agreement prior to delivery to Gogo of the initial ten (10) Black Label Shipset units described in Section 3 (b) of Exhibit A, ThinKom will promptly deliver to Gogo all
Gogo property in the possession of ThinKom, and all work accomplished by ThinKom or in process, and documentation relating to the Product, Deliverable, or Product software, existing at the time of termination, and Gogo will promptly make payment to
ThinKom as set forth in Section 5 of Exhibit A. 

  

	 	17.3	The Parties have considered the investment required to perform this Agreement and possible losses in the event of termination, and agree that the rights of termination provided in this Agreement are absolute.

  

	18.	Limitation of Liability. EXCEPT FOR EACH PARTY’S INDEMNITY OBLIGATIONS UNDER
THIS AGREEMENT, IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE
OTHER FOR CONSEQUENTIAL DAMAGES ARISING FROM TERMINATION OF THIS AGREEMENT (WHETHER
BASED ON LOSS OF INVESTMENT, GOOD WILL, PROSPECTIVE PROFITS OR OTHERWISE). The
preceding sentence does not limit either Party’s liability for breach of this Agreement. 

  

	19.	Quantity Terms. Gogo is not obligated to procure any minimum quantity of Products, Deliverables, or services under this Agreement to obtain the pricing for Products set forth in this Agreement except when
ordering, Gogo will need to comply with the minimum purchase order quantity specified in Exhibit A. Gogo will purchase a quantity of Products as stated on purchase orders made under this Agreement. Actual quantities will be indicated on a purchase
order. Pricing set out in this Agreement or the Exhibits will apply regardless of actual quantities ordered under this Agreement. 

  

	20.	Taxes. ThinKom is responsible for, and indemnifies Gogo against, any and all taxes (including without limitation any related penalties, interest, fees, etc. associated therewith) arising out of or in connection
with ThinKom’s business operations to produce or procure the Products and services to be sold to Gogo under this Agreement. In no event will ThinKom attempt to bill or invoice Gogo for any taxes described in this Section. Gogo represents that
it is purchasing the Products for resale purposes only and Gogo shall provide a valid resale exemption certificate to ThinKom with respect to any sales and/or use taxes. 

 

	21.	Title and Risk of Loss. Title and all risk of loss or damage to all Products and Deliverables to be delivered under this Agreement will remain with ThinKom until such Products or Deliverables are shipped FOB
ThinKom’s facility (INCOTERMS 2010) per Gogo’s instructions. Processing of claims relating to loss of or damage to Products or Deliverables will be managed by the Party responsible for risk of loss or damage to such Products or
Deliverables at the time the claim arises. 

  

	22.	 Delivery Schedules. The required delivery schedule for Products and Deliverables will be indicated on the purchase orders issued by Gogo. Gogo
will make commercially reasonable effort to place purchase orders honoring ThinKom’s lead-time, however, if the purchase order delivery dates fall inside of the ThinKom lead-time, ThinKom will use commercially reasonable efforts to meet the
date on the purchase order for those Products and Deliverables scheduled inside lead-time. ThinKom 

  

					
	Confidential and Proprietary	 	6	 	Gogo LLC

	 	
will not be in breach of its obligation to deliver Products and Deliverables per the schedule in the purchase orders (when that Product or Deliverable is scheduled inside the lead-time), provided
that ThinKom has exercised commercially reasonable efforts to meet such date. For avoidance of doubt, all other deliveries in the purchase orders (that fall outside lead-time) will be delivered in accordance with the terms of this Agreement.

  

	23.	Insurance. In support of ThinKom’s obligations under this Agreement, ThinKom shall maintain, during the term of this Agreement, at its own expense, the following insurance: (a) Statutory workers
compensation insurance and employer’s liability in an amount no less than $1,000,000 per occurrence; (b) General liability insurance with bodily injury and property damage limits of $5,000,000 per occurrence (in any combination of primary
or umbrella coverage) (Such insurance shall include products liability, contractual liability and completed operations coverage.); and (c) Excess liability insurance in the umbrella form with a combined single limit of $5,000,000.

  

	24.	Records; Audit. ThinKom will provide Gogo with quarterly financial statements at a reasonable level of detail along with reviewed financial statements for the year ended December 31, 2012 and audited
financial statements for the fiscal years thereafter. 

  

	25.	Force Majeure. 

 (a) Neither party shall be in default on account of, and neither
party assumes any liability or responsibility for, consequences arising out of the interruption of its performance under this Agreement by epidemics, fire, flood, unusually severe weather or any other extraordinary natural disturbances, acts of God
or of the public enemy, acts of the United States Government, Seller’s government or a foreign government in its sovereign capacity, any civil commotion, riot, insurrection or hostilities, whether or not declared war, conditions that may
adversely affect the safety of such party’s personnel and/or equipment, restrictions due to quarantines, blockades, embargoes, unavailability of materials, severe and unforeseeable market shortages, or any other causes beyond the reasonable
control of such party, that arise without the fault or negligence of such party, and that result in delay of performance hereunder. Any such delay resulting from such events shall be deemed excusable and shall be referred to herein as an
“event of force majeure.” The party whose performance will be delayed by such events shall use its best efforts to notify the other within three (3) days after the occurrence of such an event of force majeure, and the cessation
thereof. 
 (b) With respect to delays in performance of ThinKom’s subcontractors or suppliers, such delays shall be deemed
excusable delays with respect to ThinKom only if such subcontractor’s performance is prevented by a cause set forth in (a) above, or other causes beyond the reasonable control of, and that arise without fault or negligence on the part of,
such subcontractor or supplier, and when ThinKom could not have obtained the supplies or services from other sources in sufficient time to prevent interruption of its performance of this Subcontract. 

 

	26.	General. 

  

	 	26.1	 The Parties are independent contractors. Neither party is an agent or partner of the other. Neither Party has the right to incur any obligation
on behalf of the other. ThinKom will provide its own equipment, tools (including software development tools and design tools) and other materials, except as specifically described in Exhibit A. If any tools or equipment are provided by Gogo, or
are manufactured or acquired for Gogo by ThinKom at additional cost, such tools or equipment will remain the exclusive property of Gogo. ThinKom waives any lien on such tools and equipment, and will return them to Gogo upon request in the same
condition as received by ThinKom (ordinary wear excepted), regardless of any payments that may then be due from Gogo to ThinKom. ThinKom may subcontract its performance under this Agreement to third parties without the prior written consent of Gogo.
ThinKom is responsible for qualification and quality control of subcontractors, and for all actions of subcontractors relating to this Agreement. ThinKom will enter into agreements with any

  

					
	Confidential and Proprietary	 	7	 	Gogo LLC

	 	
subcontractors (including contract manufacturers) requiring them to assign to ThinKom ownership of their work product and all proprietary rights therein, and to comply with nondisclosure terms at
least as restrictive as those of the Confidentiality Agreement for any products which are developed exclusively for this project. ThinKom will provide Gogo with signed copies of its agreements with subcontractors described in the preceding sentence.

  

	 	26.2	Both Parties will comply with all laws and regulations applicable to design, manufacture and sale of the Products and Deliverables. Gogo and ThinKom agree not to export, directly or indirectly, any U.S. source
technical data acquired from the other party or any products utilizing such data, which export may be in violation of the United States export laws or regulations. Neither Party will directly or indirectly make any payment, or transfer anything of
value, to any government official or employee, political party, political party official, candidate for political office, or other third party in violation of any foreign or domestic commercial bribery, anti-kickback or similar law or regulation.

  

	 	26.3	Notices under this Agreement will be in writing in the English language, and will be effective when received by courier delivery to the address set forth in the preamble (as may be changed from time to time by
notice). Refusal to accept delivery will be deemed receipt. Notices to Gogo will be directed to “Attn: General Counsel”. 

  

	 	26.4	ThinKom may not assign this Agreement, including by a sale or transfer of all or substantially all of its assets, without Gogo’s prior written consent, which shall be at Gogo’s sole discretion. Any
attempt to assign this Agreement in violation of this section will be void. 

  

	 	26.5	This Agreement will be construed and the obligations of the parties will be determined in accordance with the substantive laws of the state of New York, USA (without reference to conflict of laws
principles). No provision of this Agreement may be waived or modified except (a) as specifically stated herein, or (b) in writing signed by both ThinKom and Gogo. This Agreement (including the Exhibits) is the entire agreement between the
Parties as to its subject matter, and supersedes any other negotiations between the Parties. Any additional terms in an order form, acceptance form or other communication pursuant to this Agreement, other than order quantity and shipping
instructions are expressly excluded and will not modify the terms of this Agreement, unless specifically accepted by both parties in writing. This Agreement may be executed in counterparts, each of which will constitute an original. If any provision
of this Agreement is found to be invalid or unenforceable, the remaining provisions hereof will not be affected. The authority construing this Agreement may modify the affected provision to the minimum extent necessary to be valid and enforceable,
or may strike the affected provision and enforce this Agreement as if that provision were not included. The provisions of Section 5 and Sections 7 through 23 will survive termination of this Agreement. 

 

	 	26.6	Each signer of this Agreement represents and warrants that he is duly authorized to sign this Agreement on behalf of the party for which he signs, and that this Agreement when executed is binding on the Party for
which he signs. 

  

	 	26.7	The Parties acknowledge that if the U.S. government becomes a purchaser of Gogo’s products of which the Products are a component, certain terms required by the U.S. government may need to be added
to the Agreement. Both Parties agree to negotiate in good faith the inclusion of such terms to the extent they are reasonably necessary and either (a) do not materially change the obligations or commercial terms of
the Agreement, or (b) are otherwise acceptable to both parties. 

  

					
	Confidential and Proprietary	 	8	 	Gogo LLC

 IN WITNESS WHEREOF, the parties have executed this Product Development and Manufacturing Agreement as of the date
first written above. 
  

									
	ThinKom Solutions, Inc.	 		 	Gogo LLC
					
	By:	 	 /s/ Mark J. Silk
	 		 	By:	 	 /s/ Norman Smagley

			
	Mark J. Silk	 		 	Norman Smagley
	President	 		 	EVP & CFO

  

					
	Confidential and Proprietary	 	9	 	Gogo LLC

 EXHIBIT A 

This Exhibit A as defined in the Product Development and Manufacturing Agreement (“Agreement”), dated as of November 13, 2012 between
Gogo LLC (“Gogo”), and ThinKom Solutions, Inc. (“ThinKom”) is subject to and incorporates by reference the provisions of the Agreement. Capitalized terms used but not defined herein shall have the meanings set forth
in the Agreement. 
 Described within this Exhibit A is the Product and Deliverables to be provided by ThinKom and related terms and conditions. To the
extent there is any contradiction, inconsistency or ambiguity between the terms of this Exhibit A and the Agreement, this Exhibit A will govern. 
  

	1.	Product. For the purposes of this Exhibit A, the Product comprises [***] shipset (the “Shipset”), Each Shipset includes the following line-replaceable units (LRUs): [***] (the
“Specifications”). 

  

	2.	Statement of Work Responsibilities for the development component of this Agreement shall be allocated as set forth below: 

  

	 	a.	Phase 1 – Product Design 

  

	 	i.	ThinKom Responsibilities 

  

	 	1.	Design Shipset (the “Shipset” or “Shipsets”) that complies with the requirements set out in Schedule 1 in their entirety. 

 

	 	2.	Provide finalized volume envelope requirements to Gogo of detail sufficient to allow final radome design. 

  

	 	3.	Provide antenna performance models to Gogo as required for Gogo’s network performance analyses. 

  

	 	4.	Incorporate optimizations based on Gogo’s feedback, as required. 

  

	 	5.	Provide status updates as requested, and inform Gogo of any risks to the agreed upon schedule at the earliest possible date. 

  

	 	6.	Execute a preliminary design (PDR) review when appropriate design gates are reached. 

  

	 	7.	Execute a critical design review (CDR) when appropriate design gates are reached. 

  

	 	ii.	Gogo Responsibilities 

  

	 	1.	Provide clarification of performance requirements as needed. 

  

	 	2.	Provide final design authorization subsequent to PDR and CDR as a trigger for moving to prototype phase. 

  

	 	3.	Provide, in a prompt and timely manner, all specifications, definitions, and clarifications of any system and/or platform interfaces, designs, and configurations required by ThinKom to design the Product in accordance
with the requirements of this Agreement. 

  

	 	b.	Phase 2 – Prototype, Production and Test 

  

	 	i.	ThinKom Responsibilities 

  

	 	1.	Manufacture and deliver ten (10) black label units of the design approved by Gogo in the CDR of Phase 1. 

  

	 	2.	Provide status updates as requested, and inform Gogo of any risks to the agreed upon schedule at the earliest possible date. 

  

	 	3.	Provide performance measurements of black label units to Gogo. 

  

	 	4.	Demonstrate performance of physical prototypes to Gogo at Gogo’s request. 

  
 A-1 

	 	ii.	Gogo Responsibilities 

  

	 	1.	Gogo may, at its discretion, request testing of some or all components of the Product in Gogo’s laboratory facilities during the initial product delivery phase. 

 

	 	2.	Provide final design authorization subsequent to CDR as a trigger for moving to production phase. 

  

	 	3.	STC for the entire system, of which the Product is a component. 

  

	 	4.	Provide, in a prompt and timely manner, all specifications, definitions, and clarifications of any system and/or platform interfaces, designs, and configurations required by ThinKom to design the Product in accordance
with the requirements of this Agreement. 

  

	3.	Pricing and Payment.  

  

	 	a.	Non-Recurring Engineering (NRE) Fees. Gogo agrees to pay [***] in NRE Fees in total for the development of the Product and Deliverables. NRE fees are payable according to the installment schedule set forth in
Section 5 below, and NET [***] days after Gogo’s receipt of each corresponding invoice. ThinKom acknowledges receipt of payment from Gogo of [***] under the Letter of Intent of August 7, 2012, and such payment shall be applied and
credited to Gogo’s obligation with respect to the final and third payment of NRE Fees. ThinKom acknowledges payment from Gogo of [***] to be received on or about November 17, 2012 under the Letter of Intent of October 2, 2012, and
that such payment shall be applied and credited to Gogo’s obligation with respect to the initial NRE Payment. 

  

	 	b.	Purchase Pricing. ThinKom agrees to sell Product Shipset Units to Gogo in accordance with the quantities, delivery dates, and pricing set forth in the below table (Table 1). 

TABLE 1 – Shipset Pricing 

[***] 
  

	 	c.	[***] 

  

	4.	[***] 

  

	 	i.	[***] 

  

	5.	Payment Schedule. Subject to the above Sections 3a. and 3b, and upon execution of the Agreement and this Exhibit A by the Parties: 

 

	 	i.	[***] 

  

	6.	Exclusivity. [***] 

  

	7.	Minimum Order Size and Payment Schedule for Additional Orders. Orders will be placed in minimum quantities of [***] Units for delivery over a period of no more than [***]. For any purchase order placed by Gogo
under this Exhibit A, Gogo shall pay ThinKom: [***]. ThinKom agrees that this Agreement does not create any volume purchase obligations for Gogo and that Gogo is not required to purchase any Product Shipset Units hereunder. 

 

	8.	Delivery. After final acceptance by Gogo of the first 10 Shipsets as outlined in Table 1, ThinKom agrees to deliver product ordered under the terms of this Agreement no longer than [***]. 

 

	9.	Deposit Materials. 

 Escrow materials shall be those specified in the Escrow Agreement.

  

	10.	[***] 

  

					
	Confidential and Proprietary	 	A-2	 	Gogo LLC

	11.	ThinKom Test Demonstration. ThinKom agrees to: (i) deliver to Gogo a test plan for the [***] by [***] (the “Test Plan”), and (ii) successfully test the [***] at ThinKom’s facility in
accordance with a Test Plan Accepted by Gogo. The Test Plan must include a detailed description of 

  

	 	•	 	test cases, 

  

	 	•	 	test procedures, and 

  

	 	•	 	acceptance criteria for a successful test.

 Each test case must include a demonstration of the
following: 
  

	 	•	 	Antenna pattern 

  

	 	•	 	Pointing accuracy 

 Upon Gogo’s Acceptance of a Test Plan, ThinKom shall successfully test
the [***] as soon as possible, but by no later than by [***] (the “Test Deadline”), unless failure to meet the Test Deadline is caused by Gogo or the need to obtain a necessary experimental license. In the event that ThinKom fails to
successfully test the [***] in accordance with the Accepted Test Plan by the Test Deadline, and is not able to provide a recovery plan to successfully complete the testing within a reasonable amount of time, Gogo shall have the right to
terminate the Agreement and request a refund of all amounts previously paid to ThinKom.
  

	12.	Additional Terms. 

  

	 	a.	Right to Complete. Subject to the escrow agreement between the Parties, the terms of which shall supersede the terms of this Section in the event of a conflict, should any of the Shipsets delivered to Gogo not
operate in accordance with the Specifications, or if ThinKom otherwise materially defaults in its performance under any purchase order, other than a default resulting or arising from Gogo’s actions or inaction, then, subject to ThinKom’s
warranty obligations, and upon Gogo’s instruction, ThinKom shall release or notify the applicable escrow agent to release the Deposit Materials to Gogo to allow Gogo to complete any ordered Shipsets pursuant to a purchase order issued prior to
the date of default. Gogo shall be entitled to make modifications to ThinKom’s Deposit Materials for completion of any Shipsets. For any Deposit Materials released to Gogo via escrow, Gogo agrees to hold such Deposit Materials as
Confidential Information in accordance with the terms and conditions set forth in the Confidentiality Agreement. In the event of the foregoing, Gogo shall be responsible to ThinKom for the actual costs incurred by ThinKom associated with each
Shipset through the date on which Gogo exercises its right to complete such Shipset under this Section, which amount will be payable to ThinKom upon the delivery of each such Shipset, or partial Shipset, to Gogo. In the event Gogo exercises its
rights under this Section, ThinKom shall return any amounts pre-paid by Gogo to ThinKom in excess of the actual costs incurred by ThinKom. 

  

	 	b.	Use of Third Party Technology. In cases where ThinKom licenses third party technology which is incorporated into the Shipsets, ThinKom will use its best efforts to enable Gogo and its customers to use such rights
subject to Gogo or its customer agreeing to pay the same royalty fee or license to any third parties for use of their intellectual property integrated into the Shipsets that ThinKom was paying to such third party. Gogo shall pay the third party such
applicable royalty/fee under terms and conditions that are at least as good as ThinKom’s. 

  

	 	c.	Radome. ThinKom agrees to provide prompt support, via provision of information and/or support personnel with the appropriate expertise, to Gogo as required for the development of a suitable radome for the
Product. ThinKom agrees to provide, at no additional cost, a commercially reasonable level of support as mutually agreed to by the parties upon acceptance of the Product by Gogo. Should the support requirements exceed such levels, ThinKom will
provide such additional support on an hourly basis of [***]. 

  

					
	Confidential and Proprietary	 	A-3	 	Gogo LLC

 TABLE 3 – Milestones 

[***] 

  

					
	Confidential and Proprietary	 	A-4	 	Gogo LLC

 Exhibit B to 

Product Development and Manufacturing Agreement 

Warranty and Support Terms 
 This
Exhibit B is part of the Product Development and Manufacturing Agreement dated September     , 2012 between Gogo LLC and ThinKom Solutions (“ThinKom”) (the “Agreement”). This Exhibit B describes the terms
of the Agreement relating to warranty and support of production units of the Product developed according to Exhibit A (“Product Units”). 
  

	1.	Warranty support. The Product Units are warranted as described in Section 5 of the Agreement. Gogo will notify ThinKom in the case of any suspected defective units, and will arrange for the return of such
units for disposition under an RMA number. Gogo will ship returned units at Gogo’s expense and risk. ThinKom will complete its warranty disposition and ship any repaired or replacement Product Unit no later than [***] business days after
receipt of the returned unit. ThinKom will ship repaired or replacement units at ThinKom’s expense and risk, by the same shipment method Gogo used for the return. All Product Unit repairs will be performed using new (not reconditioned)
components of equal or greater quality. Repaired or replaced Product Units will be tested prior to shipment in accordance with the procedures for new Product Units. Repaired or replaced Product Units will be warranted for the remainder of the
original warranty period. 

  

	2.	PROCEDURES FOR WARRANTY CLAIMS 

 ThinKom will have no duty to provide warranty service
for any Product component unless Gogo complies with the following requirements: 
  

	 	a.	Notification and Warranty Claim. Promptly after Gogo concludes that a Product component has failed in a manner it believes is covered by this warranty, Gogo will notify ThinKom by submitting a written warranty
claim (a “Warranty Claim”) as follows: 

  

	 	(i)	Online Form. Gogo will populate the requested information into, and submit online, ThinKom’s online warranty claim form for the Product component at www.ThinKom.com/rma; 

 

	 	(ii)	Email. Only if the online claim form discussed in provision (i) is not functioning, Gogo will email to ThinKom at warranty@thinkom.com a scanned image of the populated online warranty claim form; provided
that if Customer does not have a copy or print-out of the form, it should call ThinKom at 310-371-5486 and request a copy of the form to populate, scan and email to ThinKom at the above email address; or 

 

	 	(iii)	Other. Only if Gogo is unable to submit the warranty claim form as described in provisions (i) or (ii) above, it should call ThinKom at the number set forth in (ii) to discuss alternative
submission methods. 

  

	 	b.	Content of Warranty Claim. Without limiting the obligation to submit any information pursuant to provision (a) above, each Warranty Claim should, to the extent applicable, set forth: 

 

	 	(i)	The Product component number or other identifying information of the Product; 

  

	 	(ii)	The serial number, if any, of the Product; 

  

	 	(iii)	A reasonably detailed description of the nature of the failure; and 

  

	 	(iv)	Contact information for Gogo contact to which ThinKom should send (A) communication regarding the Warranty Claim or (B) an estimate for repair or replacement of the Product component if the failure is not
covered by this warranty (if non-warranty service is available). 

  
 B-1 

	 	c.	Initial Screening of Warranty Claims. If during the process of Warranty Claim submission, ThinKom becomes aware of a fact that would make the specific Product component failure subject to the Warranty Claim one
that is not covered by this warranty, it may inform Gogo of such non-coverage at that time and provide Gogo a written estimate of the cost to repair or replace the Product component as non-warranty services (if available). 

 

	 	d.	Issuance of RMA. Following receipt of a Warranty Claim and assuming ThinKom has not informed Gogo that the respective failure is not covered by this warranty pursuant to provision (c) above, ThinKom shall
promptly issue to Gogo a Return Materials Authorization (an “RMA”). 

  

	 	e.	Shipment to ThinKom. Upon receiving an RMA for the respective Product component, Gogo will ship the Product component to ThinKom at the address specified in the RMA for warranty evaluation and services, and will
include therewith a copy of the RMA. Gogo may not ship a Product component to ThinKom without an associated RMA unless Gogo has been provided written exception from ThinKom. Gogo shipment must comply with Section 3 below. 

 

	3.	WARRANTY SERVICE FOR WARRANTY CLAIM 

  

	 	a.	Evaluation. Upon receipt of Product component from Gogo for which ThinKom has issued an RMA, ThinKom will evaluate whether the failure of the Product component is one that is covered by this warranty. If the
failure is not covered, ThinKom will inform Gogo of that fact in writing and will provide Gogo a written estimate of the cost to repair or replace the Product component as non-warranty services (if available). 

 

	 	b.	Repair or replacement of covered Product. For a Product component that has suffered a failure covered by this warranty, ThinKom will, without charge to Gogo (except as expressly set forth herein), either repair
or replace such Product. ThinKom may decide in its sole discretion whether to repair or replace any such Product. 

  

	 	c.	ThinKom shipment of Product Antenna System. For failures covered by this warranty that ThinKom decides to repair, ThinKom will use commercially reasonable efforts to ship the repaired Product component to Gogo
within [***] business days after receiving the respective Product component from Gogo (for which an RMA was issued). For failures covered by this warranty which ThinKom decides should be replaced, ThinKom will replace such Product component with a
Product component in ThinKom’s inventory, or, if no Product component is available, place an order into its material requirements planning (“MRP”) system on behalf of Gogo for the soonest available production slot. 

 

	 	d.	Customer Reports. ThinKom will include with each unit that is repaired under warranty and shipped back to the Gogo a report describing the nature of the problem and the corrective action taken by ThinKom to
resolve such problem. 

  

	4.	SHIPPING 

 Gogo will bear all costs and risks of shipping any Product component to
ThinKom under these warranty terms. Gogo will ship Products to ThinKom in shipping containers specified by ThinKom and in compliance with shipping instructions in the Product component repair manual and the RMA. ThinKom will bear all costs and risks
of shipping repaired or replacement Products to Gogo or directly to Customer (but only for failures covered by this warranty). 
  

	5.	OPERATION SUPPORT – under review 

 ThinKom will provide telephone operations support
Monday through Friday, excluding U.S. federal holidays, between the hours of 8AM and 5PM Eastern Time. For assistance, Please call
                    . The Point of Contact is
                    . 

  

					
	Confidential and Proprietary	 	B-2	 	Gogo LLC

 EXHIBIT C 

Three-Party Escrow Agreement 

Among 
 Depositor, one
Beneficiary and Escrow Associates, LLC 
 This three-party escrow agreement allows the software Beneficiary conditional access to the source code.
The Beneficiary, Software Depositor and Escrow Associates, LLC all execute the agreement. 
 Escrow Associates, LLC encourages clients to modify the
contracts as necessary to support their specific escrow requirements. Please contact us directly at (800) 813-3523 or info@escrowassociates.com, 

  

					
	Confidential and Proprietary	 	C-1	 	Gogo LLC

 Three-Party Escrow Agreement 

This Technology Escrow Agreement (“Agreement”) among Escrow Associates, LLC (“Escrow Associates”),
                                        
(“Beneficiary”) and
                                        
(“Depositor”) is effective on this      day of              201     (the “Effective Date”). 

Recitals 
 Whereas, Depositor provides Products and
Shipsets (as defined in the Purchase Agreement) to Beneficiary in the form of Products and Shipsets (the “Products”) pursuant to the Product Development and Manufacturing Agreement dated
                    between the Depositor and Beneficiary (“Purchase Agreement”). The information about the Products and any other
components Depositor provides which are related to manufacturing the Products identified on Exhibit B (as the same may be modified herein) are hereafter referred to collectively as the deposit materials (“Deposit Materials”). 

Whereas, the purpose of this Agreement is to protect Depositor’s ownership and confidentiality of the Deposit Materials and to protect Beneficiary’s
legitimate use of the Deposit Materials as defined by the Purchase Agreement. Further, this Agreement is intended to provide for certain circumstances under which Beneficiary shall be entitled to receive the Deposit Materials held in escrow by
Escrow Associates to continue its legitimate use and support of the Software. 
 Whereas, Beneficiary and Depositor hereby designate and appoint Escrow
Associates as the escrow agent under this Agreement. Escrow Associates hereby accepts such designation and appointment and agrees to carry out the duties of escrow agent pursuant to the terms and provisions of this Agreement. Escrow Associates is
not a party to, and is not bound by, any agreement that might be evidenced by, or might arise out of, any prior or contemporaneous dealings between Depositor and Beneficiary other than as expressly set forth herein. 

NOW, THEREFORE, for and in consideration of good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto,
intending to be legally bound hereby, covenant and agree as follows: 
  

	1.	Deposit Materials 

  

	 	(a)	Initial Deposit – Depositor shall submit the initial Deposit Materials to Escrow Associates within sixty (60) days of the Effective Date or sixty (60) days after development of the Deposit
Materials is completed. Depositor shall complete and deliver with all Deposit Materials a form as shown herein as Exhibit B, which shall then become part of this Agreement. Escrow Associates shall notify Beneficiary within ten (10) business
days of receipt of the initial Deposit Materials. Escrow Associates has no obligation with respect to the initial Deposit Materials for delivery, functionality, completeness, performance or initial quality. 

 

	 	(b)	Deposit Material Updates – Depositor shall submit updates to the initial Deposit Materials to Escrow Associates within sixty (60) days of any material modification, upgrade or new release of the
Products. Depositor shall complete and deliver with all updates to the Deposit Materials an amended Exhibit B form, which shall additionally become part of this Agreement. Escrow Associates shall notify Beneficiary within ten (10) business days
of receipt of updates to the Deposit Materials. Escrow Associates has no obligation with respect to the updates to the Deposit Materials for delivery, functionality, completeness, performance or initial quality. 

 

	 	(c)	 Electronic Deposit – In the event Depositor elects to utilize electronic means to transfer the Deposit Materials to Escrow Associates,
whether through a service provided by Escrow Associates or other means, Escrow Associates shall not be liable for transmissions that fail in 

  

					
	Confidential and Proprietary	 	C-2	 	Gogo LLC

	 	
part or in whole, are lost, or are otherwise compromised during transmission. Furthermore, Escrow Associates shall not be liable for any subsequent services that may or may not be delivered as a
result of a failed transfer. Escrow Associates shall not be liable to Depositor or Beneficiary for any encrypted update, or any part thereof, that is transmitted over the Internet to Escrow Associates’ FTP Site but is not received in whole or
in part, or for which no notification of receipt is given. 

  

	 	(d)	Duplication of Deposit Materials – Escrow Associates may duplicate the Deposit Materials only as necessary to comply with the terms of this Agreement. Escrow Associates at its sole discretion may retain a
third party for the purpose of duplicating the Deposit Materials only as necessary to comply with the terms herein. All duplication expenses shall be borne by the party requesting duplication. 

 

	 	(e)	Deposit Material Verification – Escrow Associates may be retained by separate agreement or by alternative means, to conduct a test of the Deposit Materials to determine the completeness and accuracy of the
Deposit Materials. Escrow Associates shall not be liable for any actions taken on the part of any third party with regards to the Deposit Materials. 

  

	2.	Term 

  

	 	(a)	Term of Agreement – The term of this Agreement shall be for a period of one (1) year from the Effective Date. At the end of the initial and each subsequent term, this Agreement shall automatically renew
for an additional one (1) year term unless terminated according to the terms herein. 

  

	 	(b)	Termination of Agreement – This Agreement may be terminated by written mutual consent of Depositor and Beneficiary or will terminate if one of the following has occurred: 

 

	 	i.	The PDMA Agreement has been terminated or has expired, or 

  

	 	ii.	All Deposit Materials have been released in accordance with the terms hereof. 

  

	 	(c)	Termination for Non-Payment – In the event that full payment of any or all fees due to Escrow Associates under this Agreement have not been received by Escrow Associates within thirty (30) days of the
date payment is due, Escrow Associates will notify all parties hereto of the delinquent fees. If the delinquent fees are not received within thirty (30) days of the delinquency notification, Escrow Associates shall have the right to terminate
this Agreement and destroy the Deposit Materials. 

  

	 	(d)	Return of Deposit Materials – Upon termination of this Agreement for any reason other than in the event all Deposit Materials have been released in accordance with the terms of Section 6 herein, Escrow
Associates shall return the Deposit Materials to Depositor via commercial courier to the address of Depositor shown in this Agreement, provided that all fees due Escrow Associates are paid in full. If two (2) attempts to return Deposit
Materials via commercial courier to Depositor fail or Depositor does not accept the Deposit Materials, Escrow Associates shall destroy the Deposit Materials. 

  

	3.	Fees 

  

	 	(a)	 Payment – Upon receipt of signed Agreement or initial Deposit Materials, whichever comes first, Escrow Associates will submit an initial
invoice to Beneficiary for amount shown on Exhibit A attached hereto. If payment is not received, Escrow Associates shall have no obligation to perform its duties under this Agreement. Beneficiary agrees to pay to Escrow Associates all additional
fees for services rendered related to this Agreement as shown on Exhibit A. The fee for any service that is not expressly covered in Exhibit A shall be 

  

					
	Confidential and Proprietary	 	C-3	 	Gogo LLC

	 	
established by Escrow Associates upon request. All fees are due in advance of service and Escrow Associates may amend Exhibit A at any time upon sixty (60) days written notice to
Beneficiary. 

  

	 	(b)	Currency – All fees are in U.S. dollars and payment must be rendered in U.S. dollars unless otherwise agreed to in advance by Escrow Associates. 

 

	4.	Indemnification – With the exception of gross negligence, willful misconduct or intentional misrepresentation on behalf of Escrow Associates, Beneficiary shall indemnify and hold harmless Escrow Associates
and each of its directors, officers, agents, employees, members and stockholders (“Escrow Associates Indemnitees”) absolutely and forever, from and against any and all claims, actions, damages, suits, liabilities, obligations, costs, fees,
charges, and any other expenses whatsoever, including reasonable attorneys’ fees and costs, that may be asserted against any Escrow Associates Indemnitee in connection with this Agreement or the performance of Escrow Associates or any Escrow
Associates Indemnitee hereunder. 

  

	5.	Depositor’s Representations and Warranties 

  

	 	(a)	The Deposit Materials as delivered to Escrow Associates are a copy of Depositor’s proprietary information corresponding to that described in Exhibit B and are capable of being used to generate the Products.
Depositor shall update the Deposit Materials as provided for in the Purchase Agreement and/or as provided for herein. The Deposit Materials shall contain all information necessary to enable a reasonably skilled person in the trade to understand,
maintain and correct the Deposit Materials. 

  

	 	(b)	Depositor owns the Deposit Materials and all intellectual property rights therein free and clear of any liens, security interests, or other encumbrances. 

 

	6.	Release of Deposit Materials 

  

	 	(a)	Release – The Deposit Materials, including any copies thereof, will be released to Beneficiary after the receipt of the written request for release only in the event that the release procedure set forth in
Section 6 is followed and: 

  

	 	i.	Depositor notifies Escrow Associates in writing to effect such release; or 

  

	 	ii.	Beneficiary makes written request to Escrow Associates; and 

  

	 	a.	Beneficiary asserts that Depositor has failed in a material respect under the Purchase Agreement; or 

  

	 	b.	Beneficiary asserts that Depositor has ceased all business operations without a successor or assign; or 

  

	 	c.	Beneficiary asserts that Depositor’s business operations have suffered a material adverse effect; or 

  

	 	d.	Beneficiary asserts that Depositor has filed for bankruptcy protection; or 

  

	 	e.	Beneficiary includes a written statement that the Deposit Materials will be used in accordance with the terms of the Purchase Agreement; and 

 

	 	f.	Beneficiary includes specific instructions for the delivery of the Deposit Materials. 

  

					
	Confidential and Proprietary	 	C-4	 	Gogo LLC

	 	(b)	Depositor Request for Release – If the provisions of Section 6(a)(i) are met, Escrow Associates will release the Deposit Materials to Beneficiary within ten (10) business days. 

 

	 	(c)	Beneficiary Request for Release – If the provisions of Section 6(a)(ii) are met, Escrow Associates will within ten (10) business days forward a complete copy of the request to Depositor. Depositor
shall have thirty (30) days to make any and all objections to the release known to Escrow Associates in writing. If after thirty (30) days Escrow Associates has not received any written objection from Depositor, Escrow Associates shall
release the Deposit Materials to Beneficiary as instructed by Beneficiary. 

  

	 	(d)	Depositor Objection to Release – Should Depositor object to the request for release by Beneficiary in writing, Escrow Associates shall notify Beneficiary in writing within ten (10) business days of
Escrow Associates receipt of said objection and shall notify both parties that there is a dispute to be resolved pursuant to Section 7 (Arbitration) of this Agreement. Escrow Associates will continue to hold the Deposit Materials without
release pending (i) joint instructions from Depositor and Beneficiary; (ii) dispute resolution according to Section 7 (Arbitration); or (iii) order from a court of competent jurisdiction. 

 

	 	(e)	Grant of License to Deposit Materials – As of the Effective Date, Depositor hereby grants to Beneficiary, a non-exclusive, worldwide, perpetual, paid in full license, to use or copy the Deposit Materials
delivered by Escrow Associates under this Section, for the sole purpose of continuing the benefits afforded to Beneficiary under this Agreement. 

  

	 	(f)	Restrictions on Use – The following restrictions shall apply to Deposit Materials delivered to Beneficiary: (i) Beneficiary shall not copy the Deposit Materials other than as necessary,
(ii) Beneficiary will keep the Deposit Materials in a secure, safe place when not in use, (iii) Beneficiary agrees to use the Deposit Materials under carefully controlled conditions in accordance with, and for the purposes of, this
Agreement, and (iv) Beneficiary agrees to treat, handle, and store the Deposit Materials in the same manner and with the same care as it treats its most sensitive and valuable trade secrets, which shall, at a minimum, be a reasonable level of
care. 

  

	7.	Arbitration – Except as expressly provided for herein, any dispute or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled in Atlanta, Georgia by arbitration
administered by the American Arbitration Association in accordance with its Commercial [or other] Arbitration Rules [including the Emergency Interim Relief Procedures], and judgment on the award rendered by the arbitrator(s) may be entered in any
court having jurisdiction thereof. Beneficiary agrees to reimburse Escrow Associates for any and all costs incurred as a result of any Arbitration, including attorney’s fees. The arbitrator(s) shall award attorneys’ fees and costs to the
prevailing party. 

  

	8.	Confidentiality – Except as otherwise required to carry out its duties under this Agreement, Escrow Associates shall hold in strictest confidence and not permit any third party access to nor otherwise use,
disclose, transfer or make available the Deposit Materials except as otherwise provided herein, unless consented to in writing by Depositor. 

  

	9.	Limitation of Liability – Under no circumstance shall Escrow Associates be liable for any special, incidental, or consequential damages (including lost profits) arising out of this Agreement even if Escrow
Associates has been apprised of the possibility of such damages. In performing any of its duties hereunder, Escrow Associates shall not incur any liability to any party for any damages, losses, or expenses, except for willful misconduct or gross
negligence on the part of Escrow Associates, and it shall not incur any liability with respect to any action taken or omitted in reliance upon any written notice, request, waiver, consent, receipt or other document which Escrow Associates in
reasonably good faith believes to be genuine. 

  

					
	Confidential and Proprietary	 	C-5	 	Gogo LLC

	10.	Notices – Notices shall be sent via commercial overnight mail and deemed received on the following day. All notices under this Agreement shall be in writing and addressed and sent to the person(s) listed in
the space provided below: 

 Depositor 

Company: ThinKom Solutions, Inc. 

Contact: Mark J. Silk Title: President 

Address: 20000 Mariner Ave, Suite 500 

City, State, Zip: Torrance, CA 90503 

Telephone: 310-802-2696 
 Email:
mark.silk@thinkom.com 
 Beneficiary 

Company:
                                         
                                         
                                         
              Contact:              

                       
                                         
                 Title:
                                         
                       

Address:
                                         
                                         
                                         
                
 City, State, Zip:
                                         
                                         
                                         
     
 Telephone:
                                         
                                    Fax:
                                         
          
 Email:
                                         
                                         
                                         
                    
 Billing Contact:
                                         
                            Title:
                                         
        
 Address:
                                         
                                         
                                         
                 
 City, State, Zip:
                                         
                                         
                                         
      
 Telephone:
                                         
                                Fax:
                                         
              
 Email:
                                         
                                         
                                         
                    
 Purchase Order (if
applicable):
                                         
                                         
                      

Escrow Associates, LLC 

Attn: Contracts Administration 

8302 Dunwoody Place, Suite 150 

Atlanta, GA 30350 USA 
 Telephone:
800-813-3523 
 Fax: 770-518-2452 

Email: info@escrowassociates.com 
  

	11.	Miscellaneous 

  

	 	(a)	Counterparts – This Agreement may be executed in any number of multiple counterparts, each of which is to be deemed an original, and all of such counterparts together shall constitute one and the same
instrument. 

  

	 	(b)	Entire Agreement – This Agreement supersedes all prior and contemporaneous letters, correspondences, discussions and agreements among the parties with respect to all matters contained herein, and it
constitutes the sole and entire agreement among them with respect thereto. 

  

	 	(c)	Limitation of Effect – This Agreement pertains strictly to the escrow services provided for herein and does not modify, amend or affect any other contract or agreement of one or more of the parties. The
terms and provisions of the Purchase Agreement, as the same may be physically modified by the terms and provisions hereof, shall continue in full force and effect and be binding upon and inure to the benefit of the parties hereto, their legal
representatives, successors and assigns. 

  

					
	Confidential and Proprietary	 	C-6	 	Gogo LLC

	 	(d)	Modification – This Agreement shall not be altered or modified without the express written consent of all parties. 

  

	 	(e)	Bankruptcy Code – This Agreement shall be considered an agreement supplementary (together with any modification, supplement, or replacement thereof agreed to by the parties) to the Purchase Agreement
pursuant to Title 11 United States Bankruptcy Code Section 365(n). 

  

	 	(f)	Survival of Terms – All obligations of the parties intended to survive the termination of this Agreement, including without limitation, are the provisions of Sections 2 (Term), 3 (Fees), 4 (Indemnification),
7 (Arbitration), 9 (Limitation of Liability), and 11 (Miscellaneous) which shall survive the termination of this Agreement for any reason. 

  

	 	(g)	Governing Law – This Agreement shall be governed by the laws of the state of Georgia. 

  

	 	(h)	Time of the Essence – Time is of the essence in this Agreement. 

  

	 	(i)	Successors and Assigns – This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the parties, provided, however, that Beneficiary shall have no right to assign any
rights hereunder or with respect to the Deposit Materials except as permitted with respect to assignment of Beneficiary’s rights under the Purchase Agreement. 

(Signatures are on following page. Remainder of the page intentionally left blank.) 

  

					
	Confidential and Proprietary	 	C-7	 	Gogo LLC

 IN WITNESS WHEREOF, the parties have executed this Agreement by and through their duly authorized agents as of
the Effective Date. 
  

			
	Depositor	 	
		
	Signature:	 	  

		
	Name:	 	Mark J. Silk
		
	Title:	 	President
		
	Company:	 	ThinKom Solutions, Inc.

			
		
	Date:	 	  

			
		
	Contract Negotiated by:	 	Mark J. Silk
		
	Negotiator Telephone:	 	310-802-2696

			
	
	Beneficiary

			
		
	Signature:	 	  

			
		
	Name:	 	  

		
	Title:	 	  

		
	Company:	 	  

		
	Date:	 	  

			
		
	Contract Negotiated by:	 	  

		
	Negotiator Telephone:	 	  

			
	
	Escrow Associates, LLC

			
		
	Signature:	 	  

		
	Name:	 	  

		
	Title:	 	  

		
	Date:	 	  

  

					
	Confidential and Proprietary	 	C-8	 	Gogo LLC

 Exhibit A 

Schedule of Fees 
  

			
		  	(Initial Year / Renewal)
		
	Three-Party Agreement & Deposit Evaluation Services	  	[***]

 Three-Party escrow agreement includes, all protections and full client services. Also includes Escrow Associates’ deposit
tracking service and deposit evaluation services & reports. 
  

	 	•	 	Three-Party agreement services + 

  

	 	•	 	Deposit evaluation & reporting to test for presence of source code and documentation, includes virus scan, media test and file listings (up to 4 X / year) 

 

	 	•	 	Deposit tracking services provides quarterly statements which will be emailed to Depositor with a copy to Beneficiary for every account 

 

			
	Three-Party Agreement	  	[***]

 Three-Party escrow agreement includes: 
  

	 	•	 	Contract review & agreement drafting assistance 

  

	 	•	 	Customization & set-up of agreement 

  

	 	•	 	Twelve updates to escrow deposit material 

  

	 	•	 	FTP depositing services (up to 750 MB / Update) 

  

	 	•	 	Online account management 

  

	 	•	 	Notifications to all parties 

  

	 	•	 	Deposit account w/ state of the art media vault storage 

  

			
	Optional - Full Technical Verification	  	           Call / Quote

 Per project fee. During Deposit Compilation, Escrow Associates will simulate a release of the escrow deposit by conducting the
verification process necessary to convert deposited materials into executable form. Once a Deposit Compilation is successful, the End-User can be confident that the materials in escrow are sufficient and comprehensive. 

Escrow Associates will verify the process necessary to convert deposited materials into executable form by following the necessary steps. Test includes: 

 

	 	•	 	Construction of the build platform 

  

	 	•	 	Validation of the build instructions by following steps through the compile process 

  

	 	•	 	Troubleshooting of problems encountered, review and correction of errors with Depositor 

  

	 	•	 	Deposit Compilation Report to include: 

  

	 	•	 	Identification of any errors encountered and error logs, if appropriate 

  

	 	•	 	Escrow Associates’ recommendations 

  

	 	•	 	Production of executable form for End-User acceptance testing 

  

					
	Confidential and Proprietary	 	C-9	 	Gogo LLC

 Exhibit B 

Deposit Materials 
 Please complete Exhibit B form
and enclose a copy with the Deposit Materials or contact us for details on electronic depositing. 
 Attn: Vault Manager 

Escrow Associates, LLC 

8302 Dunwoody Place, Suite 150 

Atlanta, GA 30350 USA 

info@escrowassociates.com 

1-800-813-3523 
  

					
	Company Name:	 	  
	 	

  

					
	Escrow Associates Account Number:	 	  
	 	

  

					
	Product Name & Version:	 	  
	 	

  

			
	 ̈ Three-Party Agreement	  	 ̈ New Deposit Account
		
	 ̈ Two-Party Agreement	  	 ̈ Update to existing Deposit Account

 Please list specific Beneficiaries under a Two-Party Agreement associated with this product/ update or check
here to apply to all Beneficiaries:  ̈ 
  

									
		 	  
	 		 	  
	 	
					
		 	  
	 		 	  
	 	

 Media Description: 
  

							
	Quantity	  	Type	  	Description / Label	 	 
				
	  
	  	DVD/CDR	  	  
	 	
				
	  
	  	DAT/DDS Tape	  	  
	 	
				
	  
	  	Documentation	  	  
	 	
				
	  
	  	Other	  	  
	 	

  

									
	Deposit Prepared by:	 		 	Deposit Accepted by (Escrow Associates):
					
	Signed:	 	  
	 		 	Signed:	 	  

					
	E-mail:	 	  
	 		 	Name:	 	  

					
	Date:	 	  
	 		 	Date:	 	  

  

					
	Confidential and Proprietary	 	C-10	 	Gogo LLC

 Credit Card/Wire Transfer Payment Form 

 

			
	 CREDIT CARD PAYMENT INFORMATION

Please fill out all information below.

		
	Company Name / Account Number:	 	
		
	Escrow Associates Invoice Number:	 	
		
	Card Type (Amex / Visa / etc.):	 	
		
	Transaction Amount:	 	
		
	Credit Card Number:	 	
		
	Expiration Date:	 	
		
	CVV Code:	 	
		
	Billing Name:	 	
		
	Billing Address:	 	
		
	Billing City State Zip:	 	

  

							
	Client Signature:	 	  
	  	Title:	  	  

				
	Print Name:	 	  
	  	Date:	  	  

			
	  ̈       Please bill my card annually for
these fees.
	  		  	

  

	
	WIRE TRANSFER PAYMENT INFORMATION
	
	 Please contact Escrow Associates, LLC for ACH / Wire Transfer Information at:

1-800-813-3523 or accounts@escrowassociates.com

 Please contact us directly with any questions! Thank you for your business! 

  

					
	Confidential and Proprietary	 	C-11	 	Gogo LLC

 EXHIBIT D 

[Product Demo Requirements – TBD] 

  
 D-1 

 SCHEDULE 1 

Product Specifications 

[***] 

  
 Sch-1Exhibit

Exhibit 4.1
EXECUTION VERSION

AMENDMENT

Dated as of October 3, 2014
to
FISCAL AGENCY AGREEMENT
Dated as of JUNE 7, 2010
between
AMBAC ASSURANCE CORPORATION, 
Issuer
and
THE BANK OF NEW YORK MELLON, 
Fiscal Agent

AMENDMENT, dated as of October 3, 2014 (the “Amendment”), between AMBAC ASSURANCE CORPORATION, a Wisconsin-domiciled insurance corporation (and any successor in interest thereto, the “Issuer”), and THE BANK OF NEW YORK MELLON, a New York banking corporation (the “Fiscal Agent”).
WITNESSETH:
WHEREAS, the Issuer and the Fiscal Agent have entered into that certain Fiscal Agency Agreement dated as of June 7, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Agreement”); and
WHEREAS, pursuant to Section 11(b) of the Agreement, the Issuer and the Fiscal Agent may, with the prior approval of the Commissioner, without the vote or consent of any holder of Notes, effect any amendment which the Issuer and the Fiscal Agent may determine is necessary or desirable and which shall not adversely affect the interest of any Note holder; and
WHEREAS, the Issuer and the Fiscal Agent have agreed to the terms of this Amendment as set forth herein.
NOW THEREFORE, in consideration of the premises and the agreements contained herein, the parties to this Amendment agree as follows:
ARTICLE I 
DEFINITIONS
Section 101.    Definitions.  Capitalized terms used herein and not otherwise defined shall have the meaning set forth in the Agreement.
ARTICLE II 

AMENDMENTS TO THE AGREEMENT
Section 201.    The first    paragraph of Section 3 shall be amended and restated in its entirety to read as follows:
Authentication. The Fiscal Agent is authorized from time to time, upon receipt of Notes duly executed on behalf of the Issuer and in accordance with the written order or orders of the Issuer signed on its behalf by an Authorized Officer, Director of Treasury or Manager of Treasury Administration of the Issuer, (i) to manually authenticate and deliver Notes for the purposes of the original issuance of Notes in an aggregate principal amount not in excess of $2,000,000,000.00, and (ii) thereafter to manually authenticate and deliver Notes in accordance with the provisions therein and hereinafter set forth.

2

Section 202.    The first and second sentences of Section 4(a) of the Agreement shall be amended and restated in their entirety to read as follows:
For so long as the Fiscal Agent is acting as a Paying Agent hereunder, the Issuer, subject to the Payment Restrictions, shall provide to the Fiscal Agent or such other Paying Agent if the Fiscal Agent is no longer acting as Paying Agent, in immediately available funds on or prior to 11:00 a.m., New York time, on each date on which a payment of principal of or any interest on the Notes shall be payable, as set forth in the text of the Notes, such amounts, in U.S. dollars as are necessary (with any amounts then held by the Fiscal Agent and available for the purpose), to make payment of such principal and/or interest on the Notes (other than on those Certificated Notes held by the Issuer and/or any of its Affiliates, subject to receipt by the Fiscal Agent from the Issuer of a Notice, in the form attached as Exhibit A hereto, at least 2 business days prior to the payment), and the Issuer hereby authorizes and directs the Fiscal Agent from funds so provided to it to make or cause to be made payment of the principal of and any interest, as the case may be, on such Notes in the manner, at the times and for the purposes set forth herein and in the text of the said Notes; provided that the Issuer will not provide any such funds to the Fiscal Agent prior to such time as the relevant payment of principal or interest is approved by the Commissioner of Insurance of the State of Wisconsin or any successor thereto (the “Commissioner”).  Permitted payments of principal of or any interest on the Notes to the persons (the “registered holders”) in whose names such Notes are registered on the register maintained pursuant to Section 6 hereof at the close of business on the record dates designated in the text of the Notes will be (A) made (i) by wire transfer of immediately available funds to an account maintained by the payee with a bank as specified in the text of the Notes if such registered holder gives notice to the Fiscal Agent, not less than 15 days (or such fewer days as the Fiscal Agent may accept at its discretion) prior to the date on which such payments are scheduled to be made, of the account to which payment is to be made or, (ii) if no such notice is given, by mailing a check to the payee at the address reflected in the register maintained pursuant to Section 6 hereof or, (B) in respect of those Certificated Notes where the Issuer (or any Affiliate thereof) is the registered holder only, deemed to have been made on the date such payments are scheduled to be made, without the transfer of any funds by the Issuer. For the purposes of payment to be made pursuant to Section 4(a)(A) hereof, unless the designation of the payee’s account to which payment is to be made is revoked, any such designation made by such holder with respect to such Notes shall remain in effect with respect to any future payments with respect to such Notes payable to such holder. 
Section 203.    Section 5(a) of the Agreement shall be amended and restated in its entirety to read as follows:
Exchange for Certificated Notes. Notwithstanding any other provisions of this Agreement or the Notes, a Global Note shall not be exchanged in whole or in part for a Note registered in the name of any person other than the U.S. Depositary or one or more nominees thereof; provided that all or a part of a Global Note may also be exchanged for (A) Notes registered in the names of any person designated 

3

by the U.S. Depositary in the event that such exchange is permitted by applicable law and (i) the U.S. Depositary has notified the Issuer that it is unwilling or unable to continue as U.S. Depositary for such Global Note or the U.S. Depositary has ceased to be a “clearing agency” registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Issuer fails to appoint a successor depositary within 90 days of receiving such notice, (ii) an event described in paragraph 14(a) or the first sentence of paragraph 14(b) of the Notes has occurred and is continuing with respect to the Notes, (iii) a request for certificates has been made upon 60 days’ prior written notice given to the Fiscal Agent in accordance with the U.S. Depositary’s customary procedures and a copy of such notice has been received by the Issuer from the Fiscal Agent, or (iv) the holder of an interest in such Global Note has notified the Fiscal Agent and securities registrar in writing that it is transferring such beneficial interest to an Institutional Accredited Investor and such holder (1) requests in such written notice that certificates be delivered to such transferee and (2) complies with the requirements for transfer specified in Section 6(c)(vi) of this Agreement, or (B) Certificated Notes registered in the name of the Issuer or any Affiliate, to the extent of any interest in such Global Note held by the Issuer or an Affiliate. Any Global Note exchanged pursuant to clause (A)(i) above shall be so exchanged in whole and not in part, any Global Note exchanged pursuant to clauses (A)(ii), (iii) or (iv) above may be exchanged in whole or from time to time in part as directed by the U.S. Depositary, and any Global Note exchanged pursuant to clause (B) above may be exchanged in whole or in part as directed by the Issuer. Any Note issued in exchange for a Global Note or any portion thereof shall be a Global Note; provided that any such Note so issued that is registered in the name of a person other than the U.S. Depositary or a nominee thereof shall be in the form of Certificated Notes.
Section 204.     Section 9(d) of the Agreement shall be amended and restated in its entirety to read as follows:
Reliance. The Fiscal Agent and any Paying Agent or Transfer Agent appointed by the Issuer pursuant to Section 2 hereof each shall be protected and shall incur no liability for or in respect of any action taken or thing suffered by it in reliance upon any Note, notice, direction, consent, certificate (including a certificate of an Authorized Officer, Director of Treasury or Manager of Treasury Administration of the Issuer delivered to the Fiscal Agent), affidavit, statement, or other paper or document believed by it, acting without bad faith, negligence, fraud or willful misconduct on its part, to be genuine and to have been passed upon or signed by the proper parties.
Section 205.    Section 9(g) of the Agreement shall be amended and restated in its entirety to read as follows:
Certifications. Whenever in the administration of this Agreement the Fiscal Agent shall deem it desirable that a matter of fact be proved or established prior to taking, suffering or omitting any action hereunder, the Fiscal Agent (unless other evidence be herein specifically prescribed) may, in the absence of bad faith, negligence, fraud or willful misconduct on its part, rely upon a certificate signed by an 

4

Authorized Officer, Director of Treasury or Manager of Treasury Administration of the Issuer and delivered to the Fiscal Agent as to such matter of fact.
Section 206.    Section 7(a) of the Agreement shall be amended and restated in its entirety to read as follows: 
Notice to Fiscal Agent. If the Issuer elects to redeem Notes pursuant to paragraph 15 of the Notes, it shall notify the Fiscal Agent in writing of the date designated for redemption, the aggregate principal amount of the Notes to be redeemed, the Redemption Price (as defined in the Notes) and that such redemption is being made pursuant to paragraph 15 of the Notes. The Issuer shall give notice to the Fiscal Agent provided for in this Section not less than 33 days (unless a shorter period is acceptable to the Fiscal Agent) nor more than 60 days before the date designated for redemption. 
ARTICLE III
MISCELLANEOUS PROVISIONS
Section 301.     Ratification of Agreement.  As amended by this Amendment, the Agreement is in all respects ratified and confirmed and the Agreement as so amended by this Amendment shall be read, taken and construed as one and the same instrument.
Section 302.     Counterparts.  This Amendment may be executed in two or more counterparts, and by different parties on separate counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument.  Delivery of an executed counterpart of this Amendment by facsimile or by electronic means shall be equally effective as the delivery of an originally executed counterpart.
Section 303.    Signatures.  Any signature required with respect to this Amendment may be provided via facsimile or by electronic means and shall in either case be equally effective as the delivery of an originally executed counterpart.
Section 304.    Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICTS OF LAWS RULES OF SUCH STATE (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). THE COMMISSIONER’S EXERCISE OF REGULATORY AUTHORITY, INCLUDING APPROVAL OF PAYMENTS ON THE NOTES, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF WISCONSIN (OR, IF THE COMMISSIONER IS NO LONGER THE PRIMARY REGULATOR OF THE FINANCIAL CONDITION OF THE ISSUER, THE LAW OF SUCH JURISDICTION OF THE PRIMARY REGULATOR OF THE FINANCIAL CONDITION OF THE ISSUER), AND THE PARTIES TO THIS AMENDMENT AND HOLDERS OF NOTES SHALL SUBMIT ANY DISPUTES RELATED TO THE EXERCISE OF SUCH REGULATORY AUTHORITY TO A COURT OF COMPETENT JURISDICTION IN SUCH JURISDICTION.

5

IN WITNESS WHEREOF, the Issuer and the Fiscal Agent have caused this Amendment to be duly executed and delivered by their respective officers all as of the day and year first above written.
	
			
	 
	 
	 

	 
	AMBAC ASSURANCE CORPORATION

	 
	 
	 

	 
	By:
	/s/ David Trick

	 
	Name:
	David Trick

	 
	Title:
	Senior Managing Director and

	 
	 
	Chief Financial Officer

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	THE BANK OF NEW YORK MELLON, as

	 
	Fiscal Agent

	 
	 
	 

	 
	By:
	/s/ Maryann Joseph

	 
	Name:
	Maryann Joseph

	 
	Title:
	Vice President

Signature Page to Amendment to Fiscal Agency Agreement

EXHIBIT A
FORM OF NOTICE 
(To be placed on the letterhead of the Issuer)
[DATE]
To:    The Bank of New York Mellon
We refer to the Fiscal Agency Agreement, dated as of June 7, 2010 and as amended on October 3, 2014 (the “Agreement”).  Terms defined in the Agreement have the same meaning when used in this Notice.
The undersigned, as Issuer, in accordance with Section 4(a) of the Agreement, certifies that the Issuer or one of its affiliates is the registered holder of the Certificated Notes identified in Schedule I attached hereto. 
	
			
	 
	Yours faithfully,

	 
	 
	 

	 
	By:
	 

	 
	 
	Name:

	 
	 
	Title:

SCHEDULE I
DESCRIPTION OF CERTIFICATED NOTES

	
			
	Note No.
	Registered Holder
	Face Amount

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