Document:

Exhibit 10.18

 Exhibit 10.18 
 AMENDMENT NO. 3 
 TO THE 

FULL SCALE SYSTEM DEVELOPMENT CONTRACT 
 No. IS-10-021 
 Between 

IRIDIUM SATELLITE LLC 
 And 
 THALES ALENIA SPACE FRANCE 

for the 

IRIDIUM NEXT SYSTEM 
 CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE 
 COPY
FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A CONFIDENTIALITY REQUEST. 
 OMISSIONS ARE DESIGNATED [***]. A COMPLETE VERSION
OF THIS EXHIBIT HAS BEEN FILED 
 SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 PREAMBLE 
 This Amendment No. 3 (this “Amendment”) to the Full Scale System Development Contract No. IS-10-021 signed on June 1, 2010 between Iridium Satellite LLC and Thales Alenia Space
France for the Iridium NEXT System (as heretofore and hereby amended, the “Contract”) is entered into on this 25th day of October, 2010 by and between Thales Alenia Space France, a company organized and existing under the laws of
France, having its registered office at 26 avenue Jean François Champollion 31100 Toulouse – FRANCE (“Contractor”), and Iridium Satellite LLC, a limited liability company organized under the laws of Delaware, having an
office at 1750 Tysons Boulevard, Suite 1400, McLean, VA 22102 - USA (“Purchaser”). 
 RECITALS

 WHEREAS, the Contract provides a mechanism for the conversion of the firm fixed price Euro portion of the Contract into U.S.
Dollars on the date of Financial Close; 
 WHEREAS, Purchaser has made certain payments under the Authorization to Proceed between
Contractor and Purchaser denominated in U.S. Dollars and in Euros as further described in this Amendment; 
 WHEREAS, the Parties have
determined that the mechanism contemplated by Article 4.2.3 of the Contract does not properly reflect the intent of the Parties in respect of the conversion of the firm fixed price Euro portion of the Contract into U.S. Dollars on the date of
Financial Close; and 
 WHEREAS, the Parties wish to amend the Contract to, among other things, reflect the U.S. Dollar denominated
Base Contract Price, reflect the actual price of the foreign exchange Option provided for in Amendment No. 1 to the Contract, correct the definition of Payment Strip and make certain other conforming changes; 

NOW, THEREFORE, in consideration of the premises and for good and valuable consideration, the receipt and adequacy of which are hereby expressly
acknowledged, and intending to be legally bound, the Parties hereby agree as follows: 
 Article 1: Capitalized terms used but not
defined in this Amendment shall have the meanings ascribed thereto in the Contract. 
 Article 2: Article 4.1 of the Contract is
amended by deleting such Article in its entirety and inserting in lieu thereof the following: 
 Pre-Conversion Contract
Price 
 Prior to [***], the total price for the Work to be performed under this Contract shall include firm fixed price Euro
and U.S. Dollar portions as follows: 
  

			
	Firm fixed price Euro portion:	  	€ 1,056,432,400
	Firm fixed price U.S. Dollar portion:	  	$ 860,781,321*

  

			
	 Iridium / Thales Alenia Space Confidential & Proprietary

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED [***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
	  	1

 * The firm fixed price U.S. Dollar portion includes an [***] for the [***]. Such [***]
includes a fixed price component of [***] and a time and materials portion expected to be [***]. If the price for this [***] is less or more than [***], the firm fixed price U.S. Dollar portion under this Contract shall be accordingly [***].
Contractor agrees and acknowledges that it shall endeavor on a reasonable efforts basis to [***], including the fixed price and time and materials portions thereof. 
 Article 3: Article 4.2.3 of the Contract is amended by deleting such Article in its entirety and inserting in lieu thereof the following: 

Conversion Rate Calculation. Each Payment Strip shall be converted from a Euro denomination to a U.S. Dollar denomination by
determining [***]. The Euro portion of the ATP Balance shall be converted to U.S. Dollars utilizing the Spot Rate. The total firm fixed price for the Work to be performed under this Contract (the “Base Contract Price”) shall be the
[***]. Following [***], the Parties shall promptly confirm in writing the total U.S. denominated Base Contract Price and applicable Milestone Payments. 
 Article 4: Article 4.3 of the Contract is hereby amended by deleting such Article in its entirety and inserting in lieu thereof the following: 

Authorization to Proceed 
 Upon Financial Close, all Milestone payments made by Purchaser to Contractor under the ATP shall be credited to the Base Contract Price on a Euro for Euro and U.S. Dollar for U.S. Dollar basis,
and the performance of the Work shall continue under the terms of this Contract. Following Financial Close, Purchaser and/or Contractor (as provided for in the definitive financing documents) shall promptly submit to the agent under the Finance
Facility an invoice for drawing thereunder, subject to the requirements, if any, applicable to the Contractor under the Finance Facility for payment of any corresponding Milestone(s), Contractor shall invoice Purchaser the difference, if any,
between the aggregate amount of payments due at that date under the Payment Plan and the aggregate amount of payments received up through such date under the ATP (such amount being the “ATP Balance”), and the payment of
Contractor’s invoice shall be made no later than the maximum date provided for in the definitive financing documents after submission of the invoice to the applicable agent under the Finance Facility. Purchaser shall provide to Contractor a
copy of the executed definitive financing documents for the Finance Facility (as may be redacted and subject to the confidentiality terms thereof).
 Article 5: All references in the Contract to Eastern Standard Time or EST are hereby deleted and replaced with “New York time.” 

Article 6: This Amendment may be executed and delivered (including via facsimile or other electronic means) in one or more counterparts,
each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement. 
 Article 7: All
other provisions of the Contract not expressly referred to in this Amendment remain in full force and effect. 
 [Signature
page follows] 

  

			
	 Iridium / Thales Alenia Space Confidential & Proprietary

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED [***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
	  	2

 IN WITNESS WHEREOF, the Parties have executed this Amendment by their duly authorized officers as of
the date set forth in the Preamble. 
  

							
	IRIDIUM SATELLITE LLC	 		 	THALES ALENIA SPACE FRANCE
				
	 /s/ John S. Brunette
	 		 	By:	 	 /s/ Reynald Seznec

	John S. Brunette	 		 	Name: Reynald Seznec
	Chief Legal and Administrative Officer	 		 	Title: President & Chief Executive Officer

  

			
	 Iridium / Thales Alenia Space Confidential & Proprietary

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO A
CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED [***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
	  	3Exhibit 10.32

 Exhibit 10.32 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 Matthew J. Desch 
 THIS AMENDMENT TO EMPLOYMENT
AGREEMENT (the “Amendment”) is made as of the 31st day of December, 2010, by and between IRIDIUM COMMUNICATIONS INC., a Delaware corporation (the “Company”), and Matthew J. Desch (“Executive” and,
together with the Company, the “Parties”) and amends and restates those sections of the Employment Agreement between the Company and Executive, dated as of September 18, 2010 (the “Employment
Agreement”) as expressly stated herein. Capitalized terms not defined herein shall have the meanings set forth in the Employment Agreement 
 WHEREAS, the Company and Executive wish to clarify the manner of compliance with, or exemption from, Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”) of certain payments in the Employment Agreement. 
 NOW, THEREFORE, in consideration of
the promises and the mutual covenants of the herein contained, the Parties hereby agree as follows: 
 1. Section 3(b) of the
Employment Agreement is amended and restated as follows: 
 (c) Annual Bonus. With respect to each fiscal year of the
Company ending during the Term (as of the Effective Date, a “fiscal year” is the period commencing on January 1 and ending on December 31) and subject to the achievement of the applicable performance goals and Executive’s
continued service through the bonus payment date, Executive shall be eligible to earn an annual bonus (the “Annual Bonus”) with a target amount equal to ninety percent (90%) of the Base Salary (the “Target
Bonus”) with the actual bonus amount earned adjusted up or down by the Compensation Committee of the Board (or a subcommittee thereof) (the “Committee”) based upon achievement of the performance goals established by the
Committee. Commencing in fiscal year 2011, the applicable performance goals for the Target Bonus shall be determined by the Committee, following input from Executive, and shall, to the extent possible, be communicated to Executive within the first
ninety (90) days of the applicable fiscal year. If Executive leaves the employ of the Company prior to payment of any Annual Bonus, he is not eligible for an Annual Bonus, pro-rated or otherwise, except as expressly contemplated in
Section 6 below. The Annual Bonus, if any, earned for any given year shall be paid to Executive on the date on which annual bonuses are paid to all other senior executives of the Company, but in no event later than March 15 of the year
following the year in which Executive’s right to the Annual Bonus ceases to be subject to a substantial risk of forfeiture, so as to comply with Treasury Regulation Section 1.409A-1(b)(4). 

2. Section 6(d) of the Employment Agreement is amended and restated as follows: 

(d) Termination for Good Reason or Without Cause. At any time during the Term, (i) Executive may terminate the Term and
Executive’s employment hereunder for “Good Reason” (as defined below) and (ii) the Company may terminate the Term and Executive’s employment hereunder without Cause (that is, other than by death, Disability or for Cause, in
accordance with Section 6(a), 6(b) or 6(c), respectively). “Good Reason” shall mean the occurrence, without Executive’s prior written consent, of any of the following events: (A) a

 
reduction in the nature or scope of Executive’s responsibilities, duties or authority from those contemplated by this Agreement; (B) a reduction in the then current Base Salary;
(C) causing or requiring Executive to report to any person other than the CEO; (D) the relocation of Executive’s primary office to a location that is not within a sixty (60) mile radius of the Company’s offices in
McLean, Virginia; or (E) any other breach by the Company of a material term of this Agreement, including but not limited to a breach of Section 11(d)(iii) by failing to cause any successor to the Company to expressly assume and agree to
perform this Agreement; provided, that any such event described in (A) through (E) above shall not constitute Good Reason unless Executive delivers to the Company a Notice of Termination for Good Reason within ninety
(90) days after Executive first learns of the existence of the circumstances giving rise to Good Reason, within thirty (30) days following the delivery of such Notice of Termination for Good Reason the Company has failed to cure the
circumstances giving rise to Good Reason, and Executive’s resignation from all positions he then holds with the Company is effective not later than thirty (30) days following the end of the cure period. 

Upon the termination of Executive’s employment hereunder pursuant to this Section 6(d), Executive shall receive (i) the
accrued Amounts and (ii) subject to Executive’s execution, delivery and non-revocation of an effective release of all claims against the Company Group substantially in the form attached hereto as Exhibit A (the
“Release”) within the forty-five (45) day period following the date of the Executive’s Separation from Service, the following severance benefits (collectively, the “Severance Benefits”):

 (1) an amount equal to one (1) times Executive’s then current Base Salary, such sum to
be paid in equal installments on the Company’s normal payroll schedule over the twelve (12)-month period immediately following the date of Separation from Service (the “Severance Period”), except as set forth below;
provided, however, that if Executive’s Separation from Service occurs within the twelve (12) month period commencing on the effective date of a Change in Control (as defined below), then the amounts described in this paragraph shall
be paid to Executive in a single lump sum on the 60th day
following Executive’s Separation from Service; 
 (2) an amount equal to the Target Bonus for the year of his
Separation from Service, paid in equal installments on the Company’s normal payroll schedule over the Severance Period, except as set forth below; provided however, that if Executive’s Separation from Service occurs within the
twelve (12) month period commencing on the effective date of a Change in Control, then the amounts described in this paragraph shall be paid to Executive in a single lump sum on March 15 of the year following the year of the Separation
from Service, except as set forth below; 
 (3) if Executive is participating in the Company’s employee group health
insurance plans on the date of Separation from Service and subject to Executive making a timely election to continue such coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, or, if applicable, state or local insurance laws
(“COBRA”), then the Company shall pay, as and when due to the COBRA carrier, the COBRA premiums necessary to continue Executive’s health insurance coverage in effect for himself and his eligible dependents on the
termination date until the earliest of (A) the month in which the Severance Period ends, (B) the expiration of eligibility for the continuation coverage under COBRA, and (C) the date

  
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when Executive or his dependents become eligible for substantially equivalent health insurance coverage in connection with new employment or self-employment (such period from the termination date
through the earliest of (A) through (C), the “COBRA Payment Period”). However, if the Company determines, in its sole discretion, that the payment of the COBRA premiums would result in a violation of the
nondiscrimination rules of Section 105(h)(2) of the Code or any statute or regulation of similar effect (including but not limited to the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education
Reconciliation Act), then in lieu of providing the COBRA premiums, the Company shall instead pay Executive on the first day of each month of the remainder of the COBRA Payment Period, a fully taxable cash payment equal to the COBRA premiums for that
month, subject to applicable tax withholdings (such amount, the “Special Severance Payment”), for the remainder of the COBRA Payment Period. If Executive becomes eligible for coverage under another employer’s group
health plan or otherwise ceases to be eligible for COBRA during the period provided in this clause, Executive must immediately notify the Company of such event, and all payments and obligations under this clause shall cease; 

(4) if such Separation from Service occurs on or within twelve (12) months after a Change in Control (as defined above), one
hundred percent (100%) of Executive’s then-outstanding equity awards shall become vested (and exercisable, as applicable) effective as of the date of Executive’s Separation from Service. 

“Change in Control” shall have the meaning ascribed to such term in the Company’s 2009 Stock Incentive Plan and provided
that to the extent necessary for compliance with Code Section 409A, no transaction will be a Change in Control unless such transaction is also a change in the ownership or effective control of the Company, or a change in the ownership of a
substantial portion of the Company’s assets as described in Treasury Regulation Section 1.409A-3(i)(5). 
 All of the
Severance Benefits are subject to deductions for applicable tax withholdings. No Severance Benefits will be paid prior to the day that is sixty (60) days following the date of Separation from Service. On the sixtieth (60th) day following
the date of Separation from Service, the Company shall pay in a lump sum the aggregate amount of the Severance Benefits that the Company would have paid Executive through such date had the payments commenced on the Separation from Service through
such sixtieth (60th) day, with the balance paid thereafter on the applicable schedules described above. 
 All other
benefits, if any, due Executive following a termination pursuant to this Section 6(d) shall be determined in accordance with the plans, policies and practices of the Company; provided, that Executive shall not be entitled to any
payments or benefits under any severance plan, policy or program of the Company Group. All severance payments under this Agreement are intended to fulfill any statutory obligation to provide notice or pay in lieu of notice. Executive shall not
accrue any additional compensation (including any Base Salary or Annual Bonus) or other benefits under this Agreement following such termination of employment. 

  
 3 

 3. Section 6(e) of the Employment Agreement is amended and restated as follows: 

(e) Election to Not Extend Term. In the event the Company elects not to extend the Term pursuant to Section 1 of this
Agreement (and unless Executive’s employment is earlier terminated pursuant to subsections (a), (b), (c) or (d) of this Section 6), such election shall be treated as a termination by the Company without Cause pursuant to
Section 6(d) and Executive’s sole right to payments following his Separation from Service shall be as set forth in Section 6(d). In the event Executive elects not to extend the Term, such termination of employment shall be a
resignation without Good Reason pursuant to Section 6(c), provided, however, Executive shall be entitled to receive payment of the Pro Rata Bonus, which Pro Rata Bonus shall be paid to Executive on the date on which the Annual Bonus
would have been paid if Executive’s employment had not terminated. All other benefits, if any, due Executive following a termination pursuant to this Section 6(e) shall be determined in accordance with the plans, policies and practices of
the Company; provided, that Executive shall not participate in any severance plan, policy or program of the Company. Executive shall not accrue any additional compensation (including any Base Salary or Annual Bonus) or other benefits
under this Agreement following such termination. 
 4. Section 6(h) of the Employment Agreement is amended and restated as follows:

 (h) Taxes. Notwithstanding any other provision of this Agreement to the contrary, if payments made or benefits
provided pursuant to this Section 6 or otherwise from the Company Group or any person or entity are considered “parachute payments” under Section 280G of the Code, then such parachute payments shall be limited to the greatest
amount that may be paid to Executive under Section 280G of the Code without causing any loss of deduction to the Company Group under such section, but only if, by reason of such reduction, the net after tax benefit to Executive shall exceed the
net after tax benefit if such reduction were not made. “Net after tax benefit” for purposes of this Agreement shall mean the sum of (i) the total amounts payable to the Executive under Section 6, plus (ii) all
other payments and benefits which the Executive receives or then is entitled to receive from the Company Group or otherwise that would constitute a “parachute payment” within the meaning of Section 280G of the Code, less
(iii) the amount of federal and state income taxes payable with respect to the foregoing calculated at the maximum marginal income tax rate for each year in which the foregoing shall be paid to Executive (based upon the rate in effect for such
year as set forth in the Code at the time of termination of Executive’s employment), less (iv) the amount of excise taxes imposed with respect to the payments and benefits described in (i) and (ii) above by Section 4999 of
the Code. The determination as to whether and to what extent payments are required to be reduced in accordance with this Section 6(h) shall be made at the Company’s expense by a nationally recognized certified public accounting firm as may
be designated by the Company prior to a change in control (the “Accounting Firm”). In the event of any mistaken underpayment or overpayment under this Agreement, as determined by the Accounting Firm, the amount of such
underpayment or overpayment shall forthwith be paid to Executive or refunded to the Company, as the case may be, with interest at one hundred twenty (120%) of the applicable Federal rate provided for in Section 7872(f)(2) of the Code. Any
reduction in payments required by this Section 6(h) shall occur in the following order: (1) any cash severance, (2) any other cash amount payable to Executive, (3) any benefit valued as a “parachute payment,”
(4) the acceleration of vesting of any equity awards that are options, and (5) the acceleration of vesting of any other equity awards. Within any such category of payments and benefits, a reduction shall occur first with respect to amounts
that are not “deferred compensation” within the meaning 

  
 4 

 
of Section 409A and then with respect to amounts that are. In the event that acceleration of compensation from equity awards is to be reduced, such acceleration of vesting shall be canceled,
subject to the immediately preceding sentence, in the reverse order of the date of grant. 
 [Signature page
follows.] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date
first above written. 
  

			
	IRIDIUM COMMUNICATIONS INC.
		
	By:	 	 /s/ Thomas J. Fitzpatrick

		 	Name: Thomas J. Fitzpatrick
		 	Title: Chief Financial Officer
	
	EXECUTIVE
	
	 /s/ Matthew J. Desch

	Matthew J. Desch

[Signature Page to Amendment to Employment Agreement] 

  
 1

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