Document:

<PAGE>
                                                                  EXHIBIT 10.3.2

                                            ***TEXT OMITTED AND FILED SEPARATELY
                                                CONFIDENTIAL TREATMENT REQUESTED
                                          UNDER 17 C.F.R. SECTIONS 200.80(b)(3),
                                                       200.80(b)(4) AND 230.406)

                               AMENDMENT NUMBER 1

                  ORBCOMM CONCEPT DEMONSTRATION SATELLITE BUS,
                      INTEGRATION TEST AND LAUNCH SERVICES
           PROCUREMENT AGREEMENT B10LG 1197 DATED AS OF MARCH 10, 2005
                          (THE "PROCUREMENT AGREEMENT")

This Amendment to the Procurement Agreement (this "Amendment") is made and
entered into as of the 5th day of June, 2006 (the "Effective Date"), between
ORBCOMM Inc, a Delaware corporation ("ORBCOMM") with an office located at 21700
Atlantic Boulevard, Dulles, VA 20166 and OHB System, AG, a German corporation
("OHB") with its principal place of business located at Universitatsallee 27-29,
28359 Bremen, Germany. Capitalized terms not otherwise defined herein shall have
the meanings ascribed to them in the Procurement Agreement. References herein to
the Procurement Agreement and this Amendment shall be deemed to include all
Exhibits thereto provided that each of Exhibits A (Specifications), B (Statement
of Work or SOW), C (Key Personnel) and E (Milestone Payments and T&M Billing
Rates) are, for purposes hereof, replaced in their entirety by Exhibits A-1,
B-1, C-1 and E-1 (E-2 and E-3) hereto and references herein and in the
Procurement Agreement to these Exhibits shall be deemed to refer to such revised
Exhibits.

WITNESSETH:

WHEREAS, ORBCOMM wishes to procure from OHB, and OHB wishes to supply to
ORBCOMM, satellite buses, launches, and associated integrated and test services
as set forth herein.

WHEREAS, ORBCOMM and OHB have agreed to amend certain particulars of the
Procurement Agreement as shall apply to this additional procurement.

NOW, THEREFORE, in consideration of the foregoing and for other valuable
considerations the receipt and adequacy of which each party hereby acknowledges,
the parties hereby agree as follows:

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                                       2

                                                                  [ORBCOMM LOGO]

1. Additional Satellite Buses and Launches. OHB shall design, develop and
manufacture six (6) satellite buses (each of which shall include a launch
vehicle adapter), integrate said satellite buses with payloads to be provided by
or on behalf of ORBCOMM to create six (6) satellites (the "Additional
Satellites;" as used herein, "Additional Satellite" refers to each satellite bus
to be supplied by OHB and, once integrated with each satellite payload to be
provided by or on behalf of ORBCOMM, to each such integrated satellite), test,
deliver, launch, and perform in-orbit tests for the Additional Satellites in
accordance with the Statement of Work and Specifications attached hereto
(collectively, the "Work").

2. Schedule. The Work shall be performed in accordance with the schedule shown
in Section 2.1.1 of the SOW. Time is of the essence. OHB represents and warrants
to ORBCOMM that both as to its efforts and those of its subcontractors,
including for the launch of the Additional Satellites that the Work will not be
delayed to give priority to any other program. OHB shall notify ORBCOMM of any
actual or threatened delay in schedule and shall use best efforts to avoid or
minimize any and all such delays, including delays due to "Force Majeure," as
defined herein.

3. Price. The firm fixed price for the Work shall total Twenty Million U.S.
Dollars (U.S.$20,000,000) (the "Price"), which ORBCOMM shall pay OHB, in
accordance with the milestones for payment ("Milestones") set forth in Exhibit
E-1 of this Amendment; provided that achievement and payment for successful
completion of Milestones shall be determined as set forth in Section 5.2 of the
Procurement Agreement. Invoicing shall be completed as set forth in Section 5.1
of the Procurement Agreement, provided that payments shall be due net 30 days
after the date the invoice is sent to ORBCOMM. OHB acknowledges and agrees that
it shall provide all associated deliverables, documentation, and services, as
specified in the Procurement Agreement, this Amendment, and the SOW without
additional charge, except if and to the extent that a particular task is
expressly stated as being subject to additional payment for time and material
expenses.

4. Price Adjustments. Without prejudice to any other applicable rights and
remedies under the Procurement Agreement, the following price adjustments shall
apply to the Work:

      (i) Late Delivery. Any delay (except if excused by Force Majeure and then
only to the extent thereof) by OHB in making one or more Additional Satellites
(i) ready for Payload Module Integration (Milestones 6 through 9) or (ii)
launched per Milestone 11, in each case by more than forty-five (45) days and in
accordance with the requirements of this Amendment, shall require OHB to pay
ORBCOMM liquidated damages for delay of [***]% of the price (U.S.$[***]) per day
(after day forty-five (45) of delay) per Additional Satellite that is delayed up
to a total amount not to exceed [***]% of the Price (U.S.$[***]) for initial
order of six (6) satellite buses. To the extent that there is delay both in
making the same Additional Satellite ready for Payload Module Integration and

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                                       3

                                                                  [ORBCOMM LOGO]

in its launch, OHB's liability for damages for delay shall be determined by the
length of the longer of the two delays, but shall not be additive. By way of
example, if, for the same Additional Satellite, OHB is sixty (60) days late in
the Payload Module Integration Milestone and seventy-five (75) days late in its
launch, the total delay damages for the Additional Satellite would be based upon
a seventy-five (75) day delay (or thirty (30) days worth of delay damages).

      (ii) On Time Delivery. If one or more of the Milestones set forth in items
4 through 11 of Exhibit E-1 are achieved in accordance with the requirements of
this Amendment on or before the dates specified in Exhibit E-1, ORBCOMM shall
pay OHB the corresponding on-time delivery incentive payment for such Milestone
achievement as set forth in Exhibit E-1 which, in the aggregate, shall not
exceed One Million U.S. Dollars ($1,000,000) if all such Milestones are so
achieved by such dates in accordance with the requirements of this Amendment. If
Milestones 10 and 11 of Exhibit E-1 are both achieved in accordance with the
requirements of this Amendment on or before the dates specified in Exhibit E-1,
ORBCOMM shall pay OHB, with respect to any previously missed and unpaid
incentive payments, [***] percent ([***]%) of the corresponding on-time delivery
incentive payment for any such missed and unpaid incentive payments.

      (iii) Effect of Force Majeure. If and to the extent that a delay in
delivery is excused by Force Majeure then OHB shall not be responsible for late
charges under clause 4(i) above or clause 5 (iii) below for the period of such
Force Majeure delay. The time required for delivery in order for OHB to achieve
on-time incentives under clause 4(ii) above shall also be extended by Force
Majeure delays.

      (iv) Time and Material Charges. All time and material charges, if
applicable, shall be calculated in accordance with Exhibit E-1 hereto. Where
insofar in this regard it becomes necessary to calculate "costs," costs shall be
limited to reasonable, third party out-of-pocket, and documented costs actually
incurred, and only insofar as the costs exceed the cost that would have had to
been incurred by OHB in any event without additional charge.

      (v) Changes. If an adjustment to the Price (or to the price of any
Optional Satellite) is required under Section 8.2 of the Procurement Agreement,
the Price (or to the price of any Optional Satellite) shall be adjusted up or
down, to reflect on a time and materials basis: (i) the additional (or reduced)
labor required, at hourly labor rate set forth in Exhibit E-1, and (ii) OHB's
reasonable, third party out-of-pocket material costs or cost savings, plus
fifteen percent (on material costs only). ORBCOMM shall have audit rights to
confirm the validity of any such time and materials charges.

                                                             B15TD1410 - REV New
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                                       4

                                                                  [ORBCOMM LOGO]

5. Optional Satellites.

      (i) Option. ORBCOMM shall have the option, exercisable at any time on or
before June 5, 2007, to purchase from OHB up to two (2) additional satellite
buses (each including a launch vehicle adapter), which purchase shall include
integration with payloads to be provided by or on behalf of ORBCOMM to create up
to two additional satellites (the "Optional Satellites"; as used herein,
"Optional Satellite" refers to each optional satellite bus to be supplied by OHB
and, once integrated with each satellite payload to be provided by or on behalf
of ORBCOMM, to each such integrated satellite), testing, delivery and performing
in-orbit testing for the Optional Satellites, in accordance with the
requirements of this Amendment. This option may be exercised by ORBCOMM in whole
or in part in its sole discretion.

      (ii) Price. The firm fixed price for each Optional Satellite shall be Two
Million One Hundred Thousand U.S. dollars ($2,100,000), which ORBCOMM shall pay
OHB, in accordance with the milestones for payment ("Optional Satellite
Milestones") set forth in Exhibit E-2 of this Amendment; provided that
achievement and payment for successful completion of Optional Satellite
Milestones shall be determined as set forth in Section 5.2 of the Procurement
Agreement.

      (iii) Schedule and Late Delivery. Delivery to the launch supplier of each
Optional Satellite shall occur within the later of (i) twelve (12) months of
option exercise and (ii) two and one-half (2.5) months of delivery of the
payload to be integrated with the Optional Satellite. Any delay (except if
excused by Force Majeure and then only to the extent thereof) by OHB in making
one or more Optional Satellites (i) ready for Payload Module Integration
(Optional Satellite Milestone 2) or (ii) ready for pre-ship review per Optional
Satellite Milestone 3, in each case by more than forty-five (45) days and in
accordance with the requirements of this Amendment, shall require OHB to pay
ORBCOMM liquidated damages for delay of [***] U.S. Dollars (U.S.$[***]) per day
(after day forty-five (45) of delay) per Optional Satellite that is delayed up
to a total amount not to exceed [***] U.S. Dollars (U.S.$[***]) for each
Optional Satellite.

      (iv) Launch Services. For the avoidance of doubt, the price for the
Optional Satellites set forth in clause 5(ii) above does not include launch
services, provided that ORBCOMM shall have the right by written notice to OHB to
require OHB to provide launch services for the Optional Satellites in accordance
with this Amendment in lieu of providing launch services for such number of
Additional Satellites equal to the number of Optional Satellites ordered. For
example, ORBCOMM may require OHB to deliver the first two Additional Satellites
to another launch provider and to launch the remaining four Additional
Satellites plus two Optional Satellites itself.

(v) Definitions. Except as specified above in this Section 5, all references
herein to "Additional Satellites" shall be deemed to include the Optional
Satellites and all references to "Work" shall be deemed to include all work
associated with the Optional Satellites to the extent this option is exercised
by ORBCOMM.

                                                             B15TD1410 - REV New
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                                       5

                                                                  [ORBCOMM LOGO]

6. Additional Work. The parties shall negotiate in good faith to enter into a
purchase order by August 31, 2006 for the purchase by ORBCOMM from OHB, and the
provision by OHB to ORBCOMM of services associated with the development,
demonstration and/or launch of ORBCOMM's next generation satellites, which
services will include those services specified in Exhibit E-3 and be specified
in a statement of work to be completed contemporaneously with entering into such
purchase order. Such work to be performed shall be of sufficient scope and
magnitude for a value and price of up to One Million Three Hundred and Fifty
Thousand U.S. Dollars (U.S.$1,350,000) and shall be of a nature that is eligible
to be capitalized by ORBCOMM under accounting principles generally accepted in
the United States of America.

7. Taxes. With the exception of any U.S. sales taxes, the Price (and the price
of any exercised options for Optional Satellites set forth in clause 5(ii)
above) and all time and material charges, if applicable, set forth in Exhibit
E-1 shall include any and all taxes, levies, or fees, including any import
duties, all of which shall be OHB's responsibility timely to pay and indemnify
ORBCOMM against any failure timely to pay. OHB shall make reasonable changes in
the Procurement Agreement, as ORBCOMM may request in writing, in order to
improve the tax efficiencies of this Amendment, provided that any such changes
shall be economically neutral to OHB.

8. Regulatory and Export Matters. ORBCOMM shall be responsible for obtaining all
necessary U.S. export licenses; provided that OHB shall, without additional
charge, provide reasonable assistance to ORBCOMM in this regard, as ORBCOMM may
request. OHB shall be responsible, at its own expense, for timely securing any
and all other licenses necessary to perform the Work, including with respect to
import and export.

9. Delivery, Title. Delivery of all deliverables made pursuant to this Amendment
shall occur at the locations specified in the Statement of Work with all cost of
transportation and risk of loss with respect thereto borne by OHB until delivery
at such location. Free and clear title to, beneficial ownership of, and right to
possession to, all such deliverables shall pass from OHB to ORBCOMM at the time
of such delivery. For the avoidance of doubt, free and clear title to,
beneficial ownership of, and right to possession to, each Additional Satellite
and any Optional Satellite shall pass from OHB to ORBCOMM in accordance with the
terms of Section 7 of the Procurement Agreement.

10. Insurance. OHB shall insure and bear the cost of insurance of all the
Additional Satellites and all components thereof, including (from the point of
delivery to OHB, each payload for integration with the bus) until intentional
ignition of the launch vehicle, including while such items are in transit to the
launch site. OHB shall, without additional charge, provide reasonable assistance
to ORBCOMM in making insurance presentations and filing for claims for launch
and in-orbit insurance. If requested by

                                                             B15TD1410 - REV New
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                                       6

                                                                  [ORBCOMM LOGO]

ORBCOMM, OHB shall use commercially reasonable efforts to procure launch and
in-orbit insurance with ORBCOMM as the named insured and loss payee thereunder.
OHB shall bear the costs of such efforts, but ORBCOMM shall be responsible for
payment of all applicable insurance premiums and third party brokerage
commissions that it has approved in writing with respect to such launch and
in-orbit insurance.

11. Access. ORBCOMM (and its contractors and consultants) shall have the right
to inspect Work in progress, to be present at all testing, and shall be provided
all test reports, reasonably in advance of requested acceptance. ORBCOMM's
rights shall include the right to inspect the Work of major subcontractors for
the program at their facilities.

12. Corrections, Anomalies. OHB shall be responsible, at its own expense, for
correcting any defects in workmanship or materials or noncompliance with the SOW
or Specifications until the Additional Satellites are launched. Post-launch, OHB
shall, at its own expense, use reasonable efforts to investigate and develop
work-around solutions with respect to any anomalies in the bus or its
integration to the payload that are discovered. In addition, the third sentence
of Section 6.2(c) of the Procurement Agreement is hereby amended to be
consistent with the last sentence of Section 6.3(a), i.e., the decision as to
how corrections are made shall be mutually agreed by ORBCOMM and OHB.

13. Termination Rights. At any time prior to launch, ORBCOMM shall have the
right to terminate this Amendment for OHB's default which shall include: (i) any
delay in meeting the Milestones or the Optional Satellite Milestones, if
applicable, of more than sixty (60) days (or more than one hundred and twenty
(120) days if excused by Force Majeure); (ii) any other failure to comply with a
material obligation under the Procurement Agreement, as amended hereby, that is
not cured within forty-five (45) days from the date of OHB's receipt of written
notice thereof from ORBCOMM; (iii) any material failure of performance (of
contractual obligations or material product) provided by OHB under the
Procurement Agreement (as related to prior work contracted thereunder), if
related to OHB's performance hereunder or involving similar products or
services, if such failure occurs (or continues) after the parties' entry into
this Amendment and is not cured within forty-five (45) days from the date of
OHB's receipt of written notice thereof from ORBCOMM; (iv) any bankruptcy or
insolvency event (to be further defined) involving OHB; and/or (v) any other
event of default as set forth in the Procurement Agreement. In any such event,
ORBCOMM shall be entitled to take possession of and be granted title to all Work
in progress, which shall include all necessary licenses on a royalty free basis
to the intellectual property embodied therein, and all drawings and technical
data necessary to make use of such items, and OHB shall pay ORBCOMM's reasonable
out-of-pocket costs to complete the Work.

      ORBCOMM shall also have the right to terminate for convenience this
Amendment (or any exercised options for Optional Satellites) upon payment to OHB
of

                                                             B15TD1410 - REV New
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                                       7

                                                                  [ORBCOMM LOGO]

OHB's costs of performance of this Amendment (except to the extent that such
costs can be mitigated by OHB, as set forth in Section 10.2(v) and (vi) of the
Procurement Agreement), plus ten percent (10%), less all payments made under
this Amendment (or for the terminated options for Optional Satellites). In such
event, ORBCOMM shall be entitled to all Work in progress or the proceeds
thereof, subject to reasonable efforts to mitigate by OHB, as referenced above.

14. Security Interest; Property Accounting; Source Code Escrow. As collateral
for the timely performance by OHB of its work hereunder, OHB hereby grants to
ORBCOMM a first priority security interest in the Work and Work in progress and
any proceeds therefrom with respect to the Additional Satellites. ORBCOMM agrees
to execute any release of such security interest when OHB has transferred to it
title to the Additional Satellites and all deliverables associated therewith.
OHB shall execute such documentation thereof as ORBCOMM may reasonably request.
Supplies, prints, materials, components, subsystems, and systems as associated
with such work shall be properly inventoried and identified as associated with
such work in accordance with OHB's normal inventory control practice,
documentation of which shall be subject to inspection by ORBCOMM, and shall not
be redeployed to other programs without ORBCOMM's written consent.

      OHB shall, in addition, contemporaneously with its entry into this
Amendment, execute (as the "Depositor") and thereafter perform the obligations
of a Depositor under the "Preferred Escrow Agreement" with Iron Mountain and
ORBCOMM (as the "Preferred Beneficiary"), attached hereto as Exhibit F. ORBCOMM
agrees that it shall pay Iron Mountain's fees under the Preferred Escrow
Agreement. Subject to ORBCOMM's obligation to pay Iron Mountain's fees, OHB
agrees that ORBCOMM shall have the right to adjust the level of work to be
performed by Iron Mountain and/or terminate the Preferred Escrow Agreement in
accordance with its terms and OHB shall execute and deliver such instructions to
Iron Mountain as ORBCOMM may reasonably request to reflect ORBCOMM's decisions
in this regard.

15. Limitations of Liability. Except in the case of willful misconduct, fraud,
or gross negligence, each party's cumulative liability shall be limited to the
Price (plus the price of any exercised options for Optional Satellites or
additional work to be performed hereunder). Neither party shall be liable to the
other for any incidental or consequential damages; provided that the foregoing
shall not relieve OHB from its obligations of indemnity to ORBCOMM to the extent
of ORBCOMM's liability for third party claims. Each party shall also retain the
right to seek equitable relief to compel performance by the other party of its
obligations under this Amendment.

16. Representations and Warranties. In addition to OHB's representations and
warranties stated in Section 9.1 of the Procurement Agreement (which, without
limitation, are hereby made by OHB as of the date hereof, with the same effect
as if made on and as of such date, with respect to all matters related to this
Amendment),

                                                             B15TD1410 - REV New
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                                       8

                                                                  [ORBCOMM LOGO]

OHB hereby represents and warrants to ORBCOMM that OHB has disclosed in writing
to ORBCOMM any and all material anomalies that have occurred in the products to
be employed in connection with OHB's obligations hereunder, except those as to
which a root cause has been determined and resolved, including (without
limitation), any and all launch failures.

17. Force Majeure. The first sentence of Section 12.2 of the Procurement
Agreement is hereby replaced with the following: "Subject to the termination
rights specified herein in the event of Force Majeure, neither party shall be
responsible for failure or delay in performance or delivery if such failure or
delay is the result of Acts of God, terrorism, riot, or other hostilities, act
of public enemy, embargo, government act (in its sovereign capacity and other
than in connection with each party's responsibilities under Section 8 hereof),
fire, war, or other cause of similar nature if and to the extent beyond the
control of such party (herein a "Force Majeure"); provided that: (i) such event
could not have been avoided by the exercise by such party of reasonable
diligence; (ii) such party uses its best efforts, including through the use of
work-around solutions, to keep any force majeure delay to a minimum; and (iii)
the party subject to the force majeure gives immediate notice of such occurrence
to the other party."

18. Governing Law and Dispute Resolution. Section 12.4 of the Procurement
Agreement is hereby replaced with the following: "All disputes shall be governed
under the laws of the State of New York, USA without giving effect to the
provisions, policies or principles thereof relating to choice or conflicts of
law. Each party shall have a duty of legal compliance, including (without
limitation) as to all U.S. laws regarding export and re-export."

19. Specifications. Revised Specifications ("Specifications") with respect to
the Additional Satellites and all associates deliverables, documentation and
services are attached hereto as Exhibit A-1.

20. Statement of Work. A revised Statement of Work ("SOW") with respect to the
Additional Satellites and all associated deliverables, documentation and
services is attached hereto as Exhibit B-1.

21. Key Personnel. Exhibit C to the Procurement Agreement is hereby updated as
it relates to the work to be performed for the Additional Satellites by Exhibit
C-1 hereto.

22. Binding Effect; Assignment. The second sentence of Section 12.5 of the
Procurement Agreement is replaced with the following: "Neither party to this
Agreement nor any interest or obligations hereunder shall be assigned or
transferred (by operation of law or otherwise) to any person without the prior
written consent of the other party, provided that any party may assign this
Agreement and its interest and obligations hereunder to any wholly owned
subsidiary of such party, provided further that any such assignment shall not
release the assigning party of its obligations hereunder."

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                                       9

                                                                  [ORBCOMM LOGO]

23. Rights and Obligations under Procurement Agreement. Except insofar as the
terms and conditions of the Procurement Agreement, including all associated
exhibits, may be expressly in conflict with the terms and conditions of this
Amendment, the terms and conditions of such Procurement Agreement (also
sometimes internally referenced therein) shall remain in full force and effect
and apply, in context, to the parties' rights and obligations vis-a-vis the
Additional Satellites. In this regard, to the extent that this Amendment may
grant ORBCOMM certain rights or remedies as to a subject matter also addressed
in the Procurement Agreement such rights and remedies shall be read as
supplemental to, and not as replacement of such rights and remedies as may be
already available under the Procurement Agreement. In the event of any
inconsistency or contradiction between the terms of this Amendment and the
Procurement Agreement, the provisions of this Amendment shall prevail and
control. On and after the date hereof each reference in the Procurement
Agreement to (a) "this Agreement", "this order", "this contract", "herein", or
words of like import shall mean and be a reference to the Procurement Agreement
as amended hereby; (b) "Milestone(s)" shall mean the "Milestone(s)" shown in
Exhibit E-1 and "Optional Satellite Milestone(s) shown in Exhibit E-2; (c)
"Work" shall include the Work to be performed under this Amendment and the words
"satellite bus(ses)", "launch services", "satellite" and "spacecraft" shall be
read to have the same meaning.

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of
the day and year first above written.

      OHB SYSTEM, AG

      By: /s/ Marco Fuchs
          ------------------------------------
          Name: Marco R. Fuchs
          Title: Vorstand

      ORBCOMM Inc.

      By: /s/ J. Eisenberg
          ------------------------------------
          Name: Jerome B. Eisenberg
          Title: Chief Executive Officer

                                                             B15TD1410 - REV New
<PAGE>
                                                                     Exhibit A-1

                                                                  [ORBCOMM LOGO]

                                  QUICK LAUNCH
                        SPACECRAFT BUSES, INTEGRATION AND
                           TEST, AND LAUNCH SERVICES
                                  SPECIFICATION

                                  QUICK LAUNCH

                                   ORBCOMM LLC
                            21700 Atlantic Boulevard
                         Dulles, Virginia 20166, U.S.A.

<TABLE>
<CAPTION>
                                                   Signature          Date
                                                   ---------          ----
<S>          <C>                                   <C>                <C>
Prepared By: Gene Fujii
             Manager Spacecraft
             Development

Approved By: Tony Robinson
             VP, Space Segment

Approved By: Tim Maclay
             VP, System Engineering

Approved By: John Stolte
             EVP, Technology & Operations
</TABLE>

                            Issue Date: June 6, 2006

<PAGE>

                            EXPORT CONTROL STATEMENT

The contents of this document, in whole or in part, shall not be exported from
the United States, which export shall include, but not be limited to,
transmittal to any non-U.S. citizen wherever said person is located, except in
accordance with all United States laws and regulations relating to exports and
to all administrative acts of the U.S. Government pursuant to such laws and
regulations. Diversion, re-export or transshipment of the contents of this
document, in whole or in part, contrary to U.S. law is also strictly prohibited.

                                      [***]

                                [55 pages omitted]

<PAGE>
                                                                     Exhibit B-1

                                                                  [ORBCOMM LOGO]

                                  QUICK LAUNCH
                        SPACECRAFT BUSES, INTEGRATION AND
                           TEST, AND LAUNCH SERVICES

                                    STATEMENT
                                       OF
                                      WORK

                                   ORBCOMM LLC
                            21700 Atlantic Boulevard
                         Dulles, Virginia 20166, U.S.A.

<TABLE>
<CAPTION>
                                                Signature            Date:
                                                ---------            -----
<S>        <C>                                  <C>                  <C>
Prepared   Gene Fujii
By:        Manager Spacecraft Development

Approved   Tony Robinson
By:        VP Space Segment

Approved   Tim Maclay
By:        VP Systems Engineering

Approved   John Stolte
By:        EVP Technology and Operations
</TABLE>

                            Issue Date: June 6, 2006

                                                             B15TD1410 - REV New
<PAGE>

                            EXPORT CONTROL STATEMENT

The contents of this document, in whole or in part, shall not be exported from
the United States, which export shall include, but not be limited to,
transmittal to any non-U.S. citizen wherever said person is located, except in
accordance with all United States laws and regulations relating to exports and
to all administrative acts of the U.S. Government pursuant to such laws and
regulations. Diversion, re-export or transshipment of the contents of this
document, in whole or in part, contrary to U.S. law is also strictly prohibited.

                                      [***]

                                [42 pages omitted]

<PAGE>

                                   EXHIBIT C-1
                                  KEY PERSONNEL

-     Indulis Kalnins

-     Frank Engelhardt

-     Andreas Hein

-     Uli Reinhardt

-     Hermann Meyer

-     Hartmut Claus

-     Frank Bodendieck

-     Frank Hubner

-     Falko Richter

<PAGE>

                                   Exhibit E-1
                    Milestone Payments and T&M Billing Rates

The following Milestone payments associated with the Quick Launch Bus and Launch
Services pursuant the Amendment will be made after successful completion of the
following Milestones:

<TABLE>
<CAPTION>
                                      Scheduled
               Milestone              Comple-      % of
Milestone      Completion              tion         Contract  Payment        % of      On Time
Payment#       Event         Month     Date         Price     Amount         $1M       Incentive
-------------------------------------------------------------------------------------------------
<S>             <C>          <C>       <C>          <C>       <C>            <C>       <C>
                                             [***]

-------------------------------------------------------------------------------------------------
                [***]                               100.00%   $20,000,000    100.0%    $1,000,000
                                                    -------------------------------------------
</TABLE>

[***]

Total Price                                       $20,000,000

Additional technical support (i.e., for work that is outside of the scope of
work that OHB is obligated to provide under the Procurement Agreement, the
Amendment and the SOW without being expressly stated as being subject to
additional charge), will be billed at $[***] per hour if requested in writing by
ORBCOMM and shall be provided by OHB on a time and materials basis.

Material, travel, and other third party out of pocket direct costs, with respect
to such additional technical support will be paid at the actual cost incurred
plus [***] percent ([***]%).
<PAGE>

                                   Exhibit E-2
          Optional Satellite Milestone Payments and T&M Billing Rates

      The following Optional Satellite Milestone payments associated with the
      Quick Launch Bus and Launch Services pursuant to the Amendment will be
      made after successful completion of the following Optional Satellite
      Milestones:

<Table>
<Caption>
                                                      Scheduled
                                                     Completion              Payment Amount
 Milestone       Optional Satellite Milestone        date from     % Of       (per optional
 Payment #            Completion Event                date of     Contract      Satellite
                                                       Option       Price       exercised)
                                                      Exercise
<C>               <S>                                  <S>          <S>           <S>
-------------------------------------------------------------------------------------------
                                       [***]

-------------------------------------------------------------------------------------------
                                                           *        100.00%      $2,100,000
</Table>
      * Or [***] months following payload delivery to OHB, if later.

      Total Option Price per Optional Satellite                   $2,100,000

      Additional technical support (i.e., for work that is outside of the scope
      of work that OHB is obligated to provide under the Procurement Agreement,
      the Amendment and the SOW without being expressly stated as being subject
      to additional charge), will be billed at $[***] per hour if requested in
      writing by ORBCOMM and shall be provided by OHB on a time and materials
      basis.

      Material, travel, and other third party out of pocket direct costs, with
      respect to such additional technical support will be paid at the actual
      cost incurred plus [***] percent ([***]%).

<PAGE>

                                   Exhibit E-3

                                 Additional Work

The following services associated with the development and demonstration of
ORBCOMM's Next Generation shall be provided by OHB.

      -     Next Generation Proposal and Development activities to include:

1.    Integration and Test Automation approaches.
2.    Satellite replenishment strategy - method of replenishing multiple planes
      with one launch.
3.    Satellite configuration study using Avtec payload and Starsys antenna.
4.    Adapter and Separation System for Falcon - design and documentation
      package.
5.    Prepare a design for a Demonstration Mission for the Next Generation
      payload - as a pathfinder mission prior to production of the Next
      Generation satellites (i.e similar to Coast Guard Demonstration Mission).
6.    Feasibility and implementation study for a camera to monitor deployment of
      Quick launch satellites for better understanding of tip off rates and
      deployments (investigate mounting camera to the Upper Stage).<PAGE>

                                                                   Exhibit 10.16

                                  ORBCOMM INC.

                         2006 LONG-TERM INCENTIVES PLAN

SECTION 1: PURPOSE

The purpose of the Plan is to promote the interests of the Company and its
stockholders by providing incentive compensation opportunities to assist in (i)
attracting, motivating and retaining Employees and Non-Employee Directors and
(ii) aligning the interests of Employees and Non-Employee Directors
participating in the Plan with the interests of the Company's stockholders.

SECTION 2: DEFINITIONS

As used in the Plan, the following terms shall have the respective meanings
specified below.

     a.   "AWARD" means an award granted pursuant to Section 4.

     b.   "AWARD AGREEMENT" means a document described in Section 6 setting
          forth the terms and conditions applicable to an Award granted to a
          Participant.

     c.   "BOARD OF DIRECTORS" means the Board of Directors of the Company, as
          it may be comprised from time to time.

     d.   "CHANGE OF CONTROL" means any of the events outlined in Section 10.

     e.   "CODE" means the Internal Revenue Code of 1986, as amended from time
          to time.

     f.   "COMMITTEE" means the Compensation Committee of the Board of
          Directors, as it may be comprised from time to time.

     g.   "COMPANY" means ORBCOMM Inc. and any successor thereto.

     h.   "COVERED EMPLOYEE" means a covered employee within the meaning of Code
          Section 162(m)(3).

     i.   "DIVIDEND EQUIVALENT" means an amount equal to the amount of cash
          dividends payable with respect to a share of Stock after the date
          specified in an Award Agreement with respect to an Award settled in
          Stock, an Award of Restricted Stock or an Award of Restricted Stock
          Units.

     j.   "EMPLOYEE" means an individual who is an employee of the Company or a
          Subsidiary.

     k.   "EXCHANGE ACT" means the Securities Exchange Act of 1934, and any
          successor statute, as it may be amended from time to time.

<PAGE>

     l.   "EXECUTIVE OFFICER" means an Employee who is an executive officer of
          the Company as defined in Rule 3b-7 under the Exchange Act as it may
          be amended from time to time.

     m.   "FAIR MARKET VALUE" means the closing sale price of the Stock as
          reported by the Nasdaq Stock Market (or if the Stock is not then
          traded on the Nasdaq Stock Market, the closing sale price of the Stock
          on the stock exchange or over-the-counter market on which the Stock is
          principally trading on the relevant date) on the date of a
          determination (or on the next preceding day the Stock was traded if it
          was not traded on the date of a determination).

     n.   "INCENTIVE STOCK OPTION" means an Option (or an option to purchase
          Stock granted pursuant to any other plan of the Company or a
          Subsidiary) intended to comply with Code Section 422.

     o.   "NON-EMPLOYEE DIRECTOR" means a member of the Board of Directors who
          is not an Employee.

     p.   "NON-QUALIFIED STOCK OPTION" means an Option that is not an Incentive
          Stock Option.

     q.   "OPTION" means an option to purchase Stock granted pursuant to Section
          4(a).

     r.   "PARTICIPANT" means any Employee or Non-Employee Director who has been
          granted an Award.

     s.   "PERFORMANCE FORMULA" means, for a Performance Period, one or more
          objective formulas or standards established by the Committee for
          purposes of determining whether or the extent to which an Award has
          been earned based on the level of performance attained with respect to
          one or more Performance Goals. Performance Formulas may vary from
          Performance Period to Performance Period and from Participant to
          Participant and may be established on a stand-alone basis, in tandem
          or in the alternative.

     t.   "PERFORMANCE GOAL" means the level of performance, whether absolute or
          relative to a peer group or index, established by the Committee as the
          performance goal with respect to a Performance Measure. Performance
          Goals may vary from Performance Period to Performance Period and from
          Participant to Participant and may be established on a stand-alone
          basis, in tandem or in the alternative.

     u.   "PERFORMANCE MEASURE" means one or more of the following selected by
          the Committee to measure the performance of the Company, a business
          unit (which may but need not be a Subsidiary) of the Company or both
          for a Performance Period: basic or diluted earnings per share;
          revenue; sales; operating income; earnings before or after interest,
          taxes, depreciation or amortization; return on capital; return on
          invested capital; return on equity; return on assets; return on net
          assets; return on sales; cash flow; operating cash flow; free cash
          flow (operating cash flow plus proceeds from property dispositions
          less capital expenditures); working capital; stock price; and total
          shareholder return. Each such measure, to the extent applicable, shall

                                        2

<PAGE>

          be determined in accordance with generally accepted accounting
          principles as consistently applied by the Company and, if so
          determined by the Committee at the time the Award is granted and to
          the extent permitted under Code Section 162(m), adjusted to omit the
          effects of extraordinary items, gain or loss on the disposal of a
          business segment, unusual or infrequently occurring events and
          transactions and cumulative effects of changes in accounting
          principles. Performance Measures may vary from Performance Period to
          Performance Period and from Participant to Participant and may be
          established on a stand-alone basis, in tandem or in the alternative.

     v.   "PERFORMANCE PERIOD" means one or more periods of time, as the
          Committee may designate, over which the attainment of one or more
          Performance Goals will be measured for the purpose of determining a
          Participant's rights in respect of an Award.

     w.   "PERFORMANCE SHARE" means an Award denominated in shares of Stock
          based on the achievement of performance goals granted pursuant to
          Section 4(g).

     x.   "PERFORMANCE UNIT" means an Award denominated in cash based on the
          achievement of performance goals granted pursuant to Section 4(f).

     y.   "PLAN" means this 2006 Long-Term Incentives Plan as adopted by the
          Company and in effect from time to time.

     z.   "RESTRICTED STOCK" means Stock granted pursuant to Section 4(d) which
          may not be traded or sold until the date that the restrictions on
          transferability imposed by the Committee or the Board of Directors, as
          the case may be, with respect to such Stock lapse.

     aa.  "RESTRICTED STOCK UNIT" means the right to receive in cash, Stock or a
          combination of cash and Stock, the Fair Market Value of one share of
          Stock granted pursuant to Section 4(e).

     bb.  "SAR" means a stock appreciation right granted pursuant to Section
          4(b).

     cc.  "SECTION 409A" means Code Section 409A, including any proposed and
          final regulations and other guidance issued thereunder by the
          Department of the Treasury and/or the Internal Revenue Service.

     dd.  "STOCK" means shares of Common Stock, par value $.001 per share, of
          the Company or any security of the Company issued in substitution,
          exchange or lieu thereof pursuant to Section 4(c).

     ee.  "SUBSIDIARY" means (i) any corporation or other entity in which the
          Company, directly or indirectly, controls 50% or more of the total
          combined voting power of such corporation or other entity and (ii) any
          corporation or other entity in which the Company has a significant
          equity interest and which the Committee has determined to be
          considered a Subsidiary for purposes of the Plan.

                                        3

<PAGE>

SECTION 3: ELIGIBILITY

The Committee or, with respect to Awards under Section 4(i), the Committee or
the Board of Directors, may grant one or more Awards to any Employee or
Non-Employee Director designated by it to receive an Award. Non-Employee
Directors are eligible to receive Awards only to the extent provided in Section
4(i).

SECTION 4: AWARDS

The Committee or, with respect to Awards under Section 4(i), the Committee or
the Board of Directors, may grant any one or more of the following types of
Awards, and any such Award may be granted by itself, together with another Award
that is linked and alternative to the Award with which it is granted or together
with another Award that is independent of the Award with which it is granted:

     a.   OPTIONS. An Option is an option to purchase a specific number of
          shares of Stock exercisable at such time or times and subject to such
          terms and conditions as the Committee may determine consistent with
          the provisions of the Plan, including the following:

          (i)  The exercise price of an Option shall not be less than 100% of
               the Fair Market Value of the Stock on the date the Option is
               granted, and no Option may be exercisable more than 10 years
               after the date the Option is granted.

          (ii) The exercise price of an Option shall be paid in cash or, at the
               discretion of the Committee, in Stock or in a combination of cash
               and Stock. Any Stock accepted in payment of the exercise price of
               an Option shall be valued at its Fair Market Value on the date of
               exercise.

          (iii) No fractional shares of Stock will be issued or accepted. The
               Committee may impose such other conditions, restrictions and
               contingencies with respect to shares of Stock delivered pursuant
               to the exercise of an Option as it deems desirable.

          (iv) Incentive Stock Options shall be subject to the following
               additional provisions:

               A.   No grant of Incentive Stock Options to any one Employee
                    shall cover a number of shares of Stock whose aggregate Fair
                    Market Value (determined on the date the Option is granted),
                    together with the aggregate Fair Market Value (determined on
                    the respective date of grant of the Incentive Stock Option)
                    of the shares of Stock covered by any Incentive Stock
                    Options that have been previously granted under the Plan or
                    any other plan of the Company or any Subsidiary and that are
                    exercisable for the first time during the same calendar
                    year, exceeds $100,000 (or such other amount as may be fixed
                    as the maximum amount permitted by Code Section 422(d));
                    PROVIDED, HOWEVER, that, if the limitation is exceeded, the
                    Incentive Stock Options in excess of such limitation shall
                    be treated as Non-Qualified Stock Options.

                                        4

<PAGE>

               B.   No Incentive Stock Option may be granted under the Plan
                    after May 11, 2016.

               C.   No Incentive Stock Option may be granted to an Employee who
                    on the date of grant is not an employee of the Company or a
                    corporation that is a subsidiary of the Company within the
                    meaning of Code Section 424(f).

     b.   STOCK APPRECIATION RIGHTS (SARS). A SAR is the right to receive a
          payment measured by the increase in the Fair Market Value of a
          specified number of shares of Stock from the date of grant of the SAR
          to the date on which the Participant exercises the SAR. SARs may be
          (i) freestanding SARs or (ii) tandem SARs granted in conjunction with
          an Option, either at the time of grant of the Option or at a later
          date, and exercisable at the Participant's election instead of all or
          any part of the related Option. The payment to which the Participant
          is entitled on exercise of a SAR may be in cash, Stock valued at Fair
          Market Value on the date of exercise, or a combination of cash and
          Stock, as the Committee may determine.

     c.   STOCK. Stock may be issued to Participants without restrictions or
          transfer or other vesting requirements.

     d.   RESTRICTED STOCK. Restricted Stock is Stock that is issued to a
          Participant subject to restrictions on transfer and such other
          restrictions on incidents of ownership as the Committee may determine,
          which restrictions shall lapse at such time or times, or upon the
          occurrence of such event or events, including but not limited to the
          achievement of one or more specific goals with respect to performance
          of the Company, a business unit (which may but need not be a
          Subsidiary) of the Company or that Participant over a specified period
          of time as the Committee may determine. Subject to the specified
          restrictions, the Participant as owner of those shares of Restricted
          Stock shall have the rights of the holder thereof, except that the
          Committee may provide at the time of the Award that any dividends or
          other distributions paid with respect to that Stock while subject to
          those restrictions shall be accumulated, with or without interest, or
          reinvested in Stock and held subject to the same restrictions as the
          Restricted Stock and such other terms and conditions as the Committee
          shall determine. Shares of Restricted Stock shall be registered in the
          name of the Participant and, at the Company's sole discretion, shall
          be held in book entry form subject to the Company's instructions or
          shall be evidenced by a certificate, which shall bear an appropriate
          restrictive legend, shall be subject to appropriate stop-transfer
          orders and shall be held in custody by the Company until the
          restrictions on those shares of Restricted Stock lapse.

     e.   RESTRICTED STOCK UNIT. A Restricted Stock Unit is an Award of a
          contractual right to receive at a specified future date an amount
          based on the Fair Market Value of one share of Stock, subject to such
          terms and conditions as the Committee may establish. Restricted Stock
          Units that become payable in accordance with their terms and
          conditions shall be settled in cash, Stock, or a combination of cash
          and Stock, as determined by the Committee. The Committee may provide
          for the accumulation of Dividend Equivalents in cash, with or without
          interest, or the reinvestment

                                        5

<PAGE>

          of Dividend Equivalents in Stock held subject to the same conditions
          as the Restricted Stock Unit and such terms and conditions as the
          Committee shall determine. Any person who holds Restricted Stock Units
          shall have no ownership interest in the shares of Stock to which such
          Restricted Stock Units relate until and unless payment with respect to
          such Restricted Stock Units is actually made in shares of Stock.

     f.   PERFORMANCE UNITS. A Performance Unit is an Award denominated in cash,
          the amount of which may be based on the achievement, over a specified
          period of time, of one or more specific goals with respect to
          performance of the Company, a business unit (which may but need not be
          a Subsidiary) of the Company or the Participant to whom the
          Performance Units are granted. The amount that may be paid to any one
          Participant with respect to Performance Units shall not exceed $15
          million during any one year period. The payout of Performance Units
          may be in cash, Stock valued at the Fair Market Value on the payout
          date (or at the sole discretion of the Committee, the day immediately
          preceding that date), or a combination of cash and Stock, as the
          Committee may determine.

     g.   PERFORMANCE SHARES. A Performance Share is an Award denominated in
          Stock, the amount of which may be based on the achievement, over a
          specified period of time, of one or more specific goals with respect
          to performance of the Company, a business unit (which may but need not
          be a Subsidiary) of the Company or the Participant to whom the
          Performance Shares are granted. The payout of Performance Shares may
          be in Stock, cash based on the Fair Market Value on the payout date
          (or at the sole discretion of the Committee, the Fair Market Value on
          the day immediately preceding that date), or a combination of cash and
          Stock, as the Committee may determine.

     h.   PERFORMANCE COMPENSATION AWARDS.

          (i)  The Committee may, at the time of grant of an Award (other than
               an Option or SAR) designate such Award as a Performance
               Compensation Award in order that such Award constitute qualified
               performance-based compensation under Code Section 162(m). With
               respect to each such Performance Compensation Award, the
               Committee shall (on or before the 90th day of the applicable
               Performance Period or such other period as may be required by
               Code Section 162 (m)) establish, in writing, a Performance
               Period, Performance Measure(s), Performance Goal(s) and
               Performance Formula(s). Once established for a Performance
               Period, such items shall not be amended or otherwise modified if
               and to the extent such amendment or modification would cause the
               compensation payable pursuant to the Award to fail to constitute
               qualified performance-based compensation under Code Section
               162(m).

          (ii) A Participant shall be eligible to receive payment in respect of
               a Performance Compensation Award only to the extent that the
               Performance Goal(s) for that Award are achieved and the
               Performance Formula as applied against such Performance Goal(s)
               determines that all or some portion of such Participant's Award
               has been earned for the Performance Period. As soon as
               practicable after the close of each

                                        6

<PAGE>

               Performance Period, the Committee shall review and determine
               whether, and to what extent, the Performance Goal(s) for the
               Performance Period have been achieved and, if so, determine the
               amount of the Performance Compensation Award earned by the
               Participant for such Performance Period based upon such
               Participant's Performance Formula. The Committee shall then
               determine the actual amount of the Performance Compensation Award
               to be paid to the Participant and, in so doing, may in its sole
               discretion decrease, but not increase, the amount of the Award
               otherwise payable to the Participant based upon such performance.
               The maximum Performance Compensation Award for any one
               Participant for any one Performance Period shall be determined in
               accordance with Sections 4(f) and 5(b), as applicable.

     i.   AWARDS TO NON-EMPLOYEE DIRECTORS.

          (i)  Awards. Subject to the provisions of Section 4 (i)(ii), each
               Non-Employee Director may be granted an Award, with terms and
               conditions including restrictions as determined from time to time
               by the Board of Directors or the Committee.

          (ii) Changes to Award Grants. At such times as it may determine, the
               Board of Directors may change (A) the form of any Award provided
               for in Sections 4(i)(i) to any other type of Award set forth in
               this Section 4 and (B) the size and the vesting period of any
               such Award.

          (iii) For grants of Awards to Non-Employee Directors, all references
               to the Committee in this Section 4 and in Sections 8(a), 8(c),
               8(d) and 8(g) shall be deemed to refer to the Committee or the
               Board of Directors.

     j.   DEFERRALS. The Committee may require or permit Participants to defer
          the issuance or vesting of shares of Stock or the settlement of Awards
          under such rules and procedures as it may establish under the Plan.
          The Committee may also provide that deferred settlements include the
          payment of, or crediting of interest on, the deferral amounts, or the
          payment or crediting of Dividend Equivalents on deferred settlements
          in shares of Stock. Notwithstanding the foregoing, no deferral will be
          permitted if it will result in the Plan becoming an "employee pension
          benefit plan" under Section 3(2) of the Employee Retirement Income
          Security Act of 1974, as amended ("ERISA"), that is not otherwise
          exempt under Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA.
          Notwithstanding the foregoing, any deferral made under this Section
          4(j) shall (A) satisfy the requirements for exemption under Section
          409A or (B) satisfy the requirements of Section 409A.

     k.   OTHER SECTION 409A PROVISIONS. In addition to the provisions related
          to the deferral of Awards under the Plan set forth in Section 4(j) and
          notwithstanding any other provision of the Plan to the contrary, the
          following provisions shall apply to Awards:

                                        7

<PAGE>

          (i)  To the extent not otherwise set forth in the Plan, the Award
               Agreement for each Award shall set forth (or shall incorporate by
               reference to the Company's Deferred Compensation Plan) such terms
               and conditions as are necessary to (A) satisfy the requirements
               for exemption under Section 409A or (B) satisfy the requirements
               of Section 409A; and

          (ii) Without limiting the generality of the foregoing, the payment of
               dividends on Restricted Stock or the payment of Dividend
               Equivalents on Restricted Stock Units shall (A) satisfy the
               requirements for exemption under Section 409A or (B) satisfy the
               requirements of Section 409A, including without limitation, to
               the extent necessary, the establishment of a separate written
               arrangement providing for the payment of such dividends or
               Dividend Equivalents.

SECTION 5: STOCK AVAILABLE UNDER PLAN

     a.   Subject to the adjustment provisions of Section 9, 6,962,061 million
          shares of Stock are hereby reserved for grant and issuance for the
          purpose of making Awards under the Plan. For purposes of applying the
          limitations provided in this Section 5(a), all shares of Stock with
          respect to the unexercised, undistributed or unearned portion of any
          terminated or forfeited Award shall be available for further Awards.
          If shares of Stock are withheld or tendered as payment of the exercise
          price or for taxes in connection with an Award, however, such shares
          of Stock may not be reused, reissued or otherwise treated as being
          available for additional Awards or issuance under the Plan. For SARs
          settled in stock, both the shares of Stock issued pursuant to the
          Award and the specified number of shares of Stock underlying the Award
          shall be treated as being unavailable for other Awards or other
          issuances pursuant to the Plan unless the SAR is forfeited, terminated
          or cancelled without the delivery of shares of Stock. For SARs settled
          in cash, the specified number of shares of Stock underlying the Award
          shall be treated as being unavailable for other Awards or other
          issuances pursuant to the Plan unless the SAR is forfeited, terminated
          or cancelled without the delivery of cash. To the extent that any
          outstanding awards under the 2004 stock option plan as of March 31,
          2006 are cancelled, forfeited or otherwise lapse unexercised pursuant
          to the terms of that plan, the shares underlying those awards shall be
          available for Awards under the Plan.

     b.   Subject to the adjustment provisions of Section 9, no single
          Participant shall receive Awards, during any one year period, of more
          than 1,000,000 Options (measured by the number of shares of Stock
          underlying such Options), SARs (measured by the number of shares of
          Stock underlying such SARs), shares of Restricted Stock, Restricted
          Stock Units, Performance Shares or any combination thereof under the
          Plan.

     c.   The Stock that may be delivered on grant, exercise or settlement of an
          Award under the Plan may be reacquired shares held in treasury or
          authorized but unissued shares. At all times the Company will reserve
          and keep available a sufficient number of shares of Stock to satisfy
          the requirements of all outstanding Awards made under the Plan.

                                        8

<PAGE>

SECTION 6: AWARD AGREEMENTS

Each Award under the Plan shall be evidenced by an Award Agreement. Each Award
Agreement shall set forth the terms and conditions applicable to the Award,
including but not limited to: (i) provisions for the time at which the Award
becomes exercisable or otherwise vests; (ii) provisions for the treatment of the
Award in the event of the termination of a Participant's status as an Employee;
(iii) any special provisions applicable in the event of an occurrence of a
Change of Control, as determined by the Committee consistent with the provisions
of the Plan; and (iv) such additional provisions as are required to (A) satisfy
the requirements for exemption under Section 409A or (B) satisfy the
requirements of Section 409A.

SECTION 7: AMENDMENT AND TERMINATION

The Board of Directors may at any time amend, suspend or terminate the Plan, in
whole or in part; PROVIDED, HOWEVER, that, without the approval of the
stockholders of the Company, no such action shall (i) increase the number of
shares of Stock available for Awards as set forth in Section 5 (other than
adjustments pursuant to Section 9), or (ii) materially increase the benefits
accruing to Participants under the Plan or otherwise make any material revision
to the Plan, or otherwise be effective to the extent that such approval is
necessary to comply with any tax or regulatory requirement applicable to the
Plan, including applicable requirements of the Nasdaq Stock Exchange and
PROVIDED, FURTHER, that, subject to Section 9, no such action shall impair the
rights of any holder of an Award without the holder's consent. The Committee
may, subject to the Plan, at any time alter or amend any or all Award Agreements
to the extent permitted by applicable law; PROVIDED, HOWEVER, that, subject to
Section 9, no such alteration or amendment shall impair the rights of any holder
of an Award without the holder's consent. Notwithstanding the foregoing, neither
the Board of Directors nor the Committee shall (except pursuant to Section 9)
amend the Plan or any Award Agreement to reprice any Option or SAR whose
exercise price is above the then Fair Market Value of the Stock subject to the
Award, whether by decreasing the exercise price, canceling the Award and
granting a substitute Award, or otherwise.

SECTION 8: ADMINISTRATION

     a.   The Plan and all Awards shall be administered by the Committee. The
          members of the Committee shall be designated by the Board of
          Directors.

     b.   Any member of the Committee who, at the time of any proposed grant of
          one or more Awards, is not both an "outside director" as defined for
          purposes of Code Section 162(m) and a "Non-Employee Director" as
          defined in Rule 16b-3(b)(3)(i) under the Exchange Act (or any
          successor provision), shall abstain from and take no part in the
          Committee's action on the proposed grant.

     c.   The Committee shall have full and complete authority, in its sole and
          absolute discretion, (i) to exercise all of the powers granted to it
          under the Plan, (ii) to construe, interpret and implement the Plan and
          any related document, (iii) to prescribe, amend and rescind rules
          relating to the Plan, (iv) to make all determinations necessary or
          advisable in administering the Plan, and (v) to correct any defect,
          supply any omission and reconcile any inconsistency in the Plan. The
          actions and determinations of the Committee on all matters relating to
          the Plan and any Awards will be final and conclusive. The Committee's
          determinations under the Plan need not be

                                        9

<PAGE>

          uniform and may be made by it selectively among Employees and
          Non-Employee Directors who receive, or who are eligible to receive,
          Awards under the Plan, whether or not such persons are similarly
          situated.

     d.   The Committee and others to whom the Committee has delegated such
          duties shall keep a record of all their proceedings and actions and
          shall maintain all such books of account, records and other data as
          shall be necessary for the proper administration of the Plan.

     e.   The Company shall pay all reasonable expenses of administering the
          Plan, including but not limited to the payment of professional fees.

     f.   It is the intent of the Company that the Plan and Awards hereunder
          satisfy, and be interpreted in a manner that satisfy: (i) in the case
          of Participants who are or may be Executive Officers or Non-Employee
          Directors, the applicable requirements of Rule 16b-3 under the
          Exchange Act, so that such persons will be entitled to the benefits of
          Rule 16b-3, or other exemptive rules under Section 16 of the Exchange
          Act, and will not be subjected to avoidable liability under Section
          16(b) of the Exchange Act; (ii) in the case of Performance
          Compensation Awards to Covered Employees, the applicable requirements
          of Code Section 162(m); and (iii) either the requirements for
          exemption under Section 409A or the requirements of Section 409A. If
          any provision of the Plan or of any Award Agreement would otherwise
          frustrate or conflict with the intent expressed in this Section 8(f),
          that provision to the extent possible shall be interpreted and deemed
          amended so as to avoid such conflict. To the extent of any remaining
          irreconcilable conflict with such intent, and to the extent legally
          permitted, such provision shall be deemed void as to Executive
          Officers, Non-Employee Directors or Covered Employees, as applicable.

     g.   The Committee may appoint such accountants, counsel, and other experts
          as it deems necessary or desirable in connection with the
          administration of the Plan.

     h.   The Committee may delegate, and revoke the delegation of, all or any
          portion of its authority and powers under the Plan to the Chief
          Executive Officer of the Company, except that the Committee may not
          delegate any discretionary authority with respect to Awards granted to
          the Chief Executive Officer or Non-Employee Directors or substantive
          decisions or functions regarding the Plan or Awards to the extent
          inconsistent with the intent expressed in Section 8(f) or to the
          extent prohibited by applicable law.

SECTION 9: ADJUSTMENT PROVISIONS

     a.   In the event of any change in or affecting the outstanding shares of
          Stock by reason of a stock dividend or split, merger or consolidation
          (whether or not the Company is a surviving company), recapitalization,
          reorganization, combination or exchange of shares or other similar
          corporate changes or an extraordinary dividend in cash, securities or
          other property, the Board of Directors shall make such amendments to
          the Plan and outstanding Awards and Award Agreements and make such
          adjustments and take actions thereunder as it deems appropriate, in
          its sole discretion, under the

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          circumstances. Such amendments, adjustments and actions may include,
          but are not limited to, changes in the number of shares of Stock then
          remaining subject to the Plan, and the maximum number of shares that
          may be granted or delivered to any single Participant pursuant to the
          Plan, including those that are then covered by outstanding Awards, or
          accelerating the vesting of outstanding Awards.

     b.   The existence of the Plan and the Awards granted hereunder shall not
          affect or restrict in any way the right or power of the Board of
          Directors or the stockholders of the Company to make or authorize any
          adjustment, recapitalization, reorganization or other change in the
          capital structure of its business, any merger or consolidation of the
          Company, any issue of bonds, debentures, preferred or prior preference
          stock ahead of or affecting the Stock or the rights thereof, the
          dissolution or liquidation of the Company or any sale or transfer of
          all or any part of its assets or business, or any other corporate act
          or proceeding.

SECTION 10: MISCELLANEOUS

     a.   CHANGE OF CONTROL. The Committee may determine at the time of the
          grant of an Award that upon a Change of Control of the Company (as
          defined by the Company), any or all of the following may occur:
          outstanding Stock Options and SARs may become vested and exercisable;
          restrictions on Restricted Stock and Restricted Stock Units may lapse;
          performance goals may be deemed achieved at levels determined by the
          Committee and other terms and conditions may be deemed met;
          Performance Shares may be delivered; Performance Units and Restricted
          Stock Units may be paid out as promptly as practicable; and all other
          Awards may be delivered or paid.

     b.   NONASSIGNABILITY. Except as otherwise provided by the Committee, no
          Award shall be assignable or transferable except by will or by the
          laws of descent and distribution.

     c.   OTHER PAYMENTS OR AWARDS. Nothing contained in the Plan shall be
          deemed in any way to limit or restrict the Company or a Subsidiary
          from making any award or payment to any person under any other plan,
          arrangement or understanding, whether now existing or hereafter in
          effect.

     d.   PAYMENTS TO OTHER PERSONS. If payments are legally required to be made
          to any person other than the person to whom any amount is made
          available under the Plan, then, except to the extent that such
          payments would cause an Award to fail to satisfy the requirements for
          exemption under Section 409A or the requirements of Section 409A,
          payments shall be made accordingly. Any such payment shall be a
          complete discharge of the liability hereunder.

     e.   UNFUNDED PLAN. The Plan shall be unfunded. No provision of the Plan or
          any Award Agreement shall require the Company or a Subsidiary, for the
          purpose of satisfying any obligations under the Plan, to purchase
          assets or place any assets in a trust or other entity to which
          contributions are made or otherwise to segregate any assets, nor shall
          the Company or a Subsidiary maintain separate bank accounts, books,
          records or other evidence of the existence of a segregated or
          separately maintained or administered fund for

                                       11

<PAGE>

          such purposes. Participants shall have no rights under the Plan other
          than as unsecured general creditors of the Company or a Subsidiary,
          except that insofar as they may have become entitled to payment of
          additional compensation by performance of services, they shall have
          the same rights as other employees under generally applicable law.

     f.   LIMITS OF LIABILITY. Any liability of the Company or a Subsidiary to
          any Participant with respect to an Award shall be based solely upon
          contractual obligations created by the Plan and the Award Agreement.
          Neither the Company or its Subsidiaries, nor any member of the Board
          of Directors or of the Committee, nor any other person participating
          in any determination of any question under the Plan, or in the
          interpretation, administration or application of the Plan, shall have
          any liability to any party for any action taken, or not taken, in good
          faith under the Plan.

     g.   RIGHTS OF EMPLOYEES AND NON-EMPLOYEE DIRECTORS. Except as provided in
          Section 4(i), status as an eligible Employee or Non-Employee Director
          shall not be construed as a commitment that any Award shall be made
          under the Plan to such eligible Employee or Non-Employee Director or
          to eligible Employees and Non-Employee Directors generally. Nothing
          contained in the Plan or in any Award Agreement shall confer upon any
          Employee, Non-Employee Director or Participant any right to continue
          in the employ or other service of the Company or a Subsidiary, and
          shall not constitute any contract or limit in any way the right of the
          Company or a Subsidiary to change such person's compensation or other
          benefits or to terminate the employment or other service of such
          person with or without cause. A transfer of an Employee from the
          Company to a Subsidiary, or vice versa, or from one Subsidiary to
          another, and a leave of absence, duly authorized by the Company, shall
          not be deemed a termination of employment or other service; PROVIDED,
          HOWEVER, that, to the extent that Section 409A is applicable to an
          Award, Section 409A's definition of "separation of service", to the
          extent contradictory, shall apply to determine when a Participant
          becomes entitled to a distribution upon termination of employment.

     h.   RIGHTS AS A STOCKHOLDER. A Participant shall have no rights as a
          shareowner with respect to any Stock covered by an Award until the
          date the Participant becomes the holder of record thereof. Except as
          provided in Section 9, no adjustment shall be made for dividends or
          other rights, unless the Award Agreement specifically requires such
          adjustment.

     i.   WITHHOLDING. Applicable taxes, to the extent required by law, shall be
          withheld in respect of all Awards. A Participant may satisfy the
          withholding obligation by paying the amount of any taxes in cash or,
          with the approval of the Committee, shares of Stock may be delivered
          to the Company or deducted from the payment to satisfy the obligation
          in full or in part. The amount of the withholding and the number of
          shares of Stock to be paid or deducted in satisfaction of the
          withholding requirement shall be determined by the Committee with
          reference to the Fair Market Value of the Stock when the withholding
          is required to be made; PROVIDED, HOWEVER, that the amount of
          withholding to be paid in respect of Options exercised through the
          cashless method in which shares of Stock for which the Options

                                       12

<PAGE>

          are exercised are immediately sold may be determined by reference to
          the price at which said shares are sold. The Company shall have no
          obligation to deliver any Stock pursuant to the grant or settlement of
          any Award until it has been reimbursed for all required withholding
          taxes.

     j.   SECTION HEADINGS. The section headings contained herein are for the
          purpose of convenience only, and in the event of any conflict, the
          text of the Plan, rather than the section headings, shall control.

     k.   CONSTRUCTION. In interpreting the Plan, the masculine gender shall
          include the feminine, the neuter gender shall include the masculine or
          feminine, and the singular shall include the plural unless the context
          clearly indicates otherwise. Any reference to a statutory provision or
          a rule under a statute shall be deemed a reference to that provision
          or any successor provision unless the context clearly indicates
          otherwise.

     l.   INVALIDITY. If any term or provision contained herein or in any Award
          Agreement shall to any extent be invalid or unenforceable, such term
          or provision will be reformed so that it is valid, and such invalidity
          or unenforceability shall not affect any other provision or part
          thereof.

     m.   APPLICABLE LAW. The Plan, the Award Agreements and all actions taken
          hereunder or thereunder shall be governed by, and construed in
          accordance with, the laws of the State of Delaware without regard to
          the conflict of law principles thereof.

     n.   COMPLIANCE WITH LAWS. Notwithstanding anything contained herein or in
          any Award Agreement to the contrary, the Company shall not be required
          to sell, issue or deliver shares of Stock hereunder or thereunder if
          the sale, issuance or delivery thereof would constitute a violation by
          the Participant or the Company of any provisions of any law or
          regulation of any governmental authority or any national securities
          exchange; and as a condition of any sale or issuance the Company may
          require such agreements or undertakings, if any, as the Company may
          deem necessary or advisable to assure compliance with any such law or
          regulation.

     o.   SUPPLEMENTARY PLANS. The Committee may authorize supplementary plans
          applicable to Employees subject to the tax laws of one or more
          countries other than the United States and providing for the grant of
          Non-Qualified Stock Options, SARs, Restricted Stock, Restricted Stock
          Units or Performance Shares to such Employees on terms and conditions,
          consistent with the Plan, determined by the Committee, which may
          differ from the terms and conditions of other Awards pursuant to the
          Plan for the purpose of complying with the conditions for
          qualification of Awards for favorable treatment under foreign tax
          laws. Notwithstanding any other provision hereof, Options granted
          under any supplementary plan shall include provisions that conform
          with Sections 4(a)(i), (ii) and (iii); SARs granted under any
          supplementary plan shall include provisions that conform with Section
          4(b); Restricted Stock granted under any supplementary plan shall
          include provisions that conform with Section 4(d); Restricted Stock
          Units granted under any supplementary plan shall include provisions
          that conform

                                       13

<PAGE>

          with Section 4(e); and Performance Shares granted under any
          supplementary plan shall include provisions that conform with Section
          4(g).

     p.   EFFECTIVE DATE AND TERM. The Plan was adopted by the Board of
          Directors on May 11, 2006 and will become effective upon approval by
          stockholders of the Company. The Plan shall remain in effect until all
          Awards under the Plan have been exercised or terminated under the
          terms of the Plan and applicable Award Agreements; PROVIDED, HOWEVER,
          that Awards under the Plan may be granted only within ten (10) years
          from the effective date of the Plan.

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