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Exhibit 10.14    
    

 
 

CONFIDENTIAL TREATMENT    
    

Portions
of this exhibit have been omitted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 406 under the Securities Act of
1933. Such Portions are marked "[*]" in this document; they have been filed separately with the Commission. 

	Globalstar Canada Satellite Co.	 	 	 
	115 Matheson Blvd. West, Suite 100

Mississauga, Ontario L5R 3L1 CANADA

Tel: (905) 712-6673; Fax (905) 890-2175	 	
CONTRACT

	
The following numbers must appear on all related correspondence, shipping papers, and invoices:

CONTRACT NUMBER NO: GCSC-C-06-0001	
 	

 	

 
	
To:	

Richardson Electronics, Ltd.

("Seller")

2410 Vantage Drive

Elgin, IL 60123 USA	
 	
From:	

Globalstar Canada Satellite Co.

("Buyer")

115 Matheson Blvd. West, Suite 100

Mississauga, Ontario L5R 3L1

CANADA

	

	CONTRACT DATE
	 	DELIVERY (INCOTERM)
	 	SHIPPING METHOD
	 	CARRIER
	 	SHIP TO

	

	April 17, 2006	 	FOB Point of Shipment	 	Seller's Choice	 	Seller's Choice	 	To be confirmed by

Buyer
	

	

	ITEM
	 	QUANTITY
	 	DESCRIPTION OF WORK
	 	UNIT PRICE

(USD)
	 	EXT. PRICE

(USD)

	

	1A	 	8	 	Seller shall manufacture and deliver Globalstar Antennas	 	See	 	See
	1B	 	Lot	 	("Products") in accordance with the Contract Documents	 	Additional	 	Additional
	2A	 	60,000	 	listed on Page 2.	 	Pages	 	Pages
	2B	 	Lot	 	 	 	 	 	 
	3	 	Lot	 	This Contract supersedes Authorization To Proceed Letter	 	 	 	 
	 	 	 	 	PJR0106-002, Revision 2, dated 6 February 2006.	 	 	 	 
	

 	
 	

 	
 	

The Work to be performed under this Contract shall

Commence on 8 February 2006. The Contract Completion

Date for all deliveries is 31 July 2009.	
 	

 	
 	

 
	

 	
 	

 	
 	

See Continuation Pages.	
 	

 	
 	

 
	

	FIRM FIXED PRICE CONTRACT (PURCHASE PRICE)	 	TOTAL	 	$10,520,055
	

TERMS AND CONDITIONS: Per attached Terms and Conditions of Sale dated 10 March 2006. 

1

 

	Authorized by:

GLOBALSTAR CANADA SATELLITE CO.	 	Accepted by:

RICHARDSON ELECTRONICS, LTD.
	

By:	

/s/ Kelly L. Rose
	
 	

By:	

/s/ Greg Peloquin

	Name:	Kelly L. Rose
	 	Name:	Greg Peloquin

	Title:	Director, Contracts
	 	Title:	Exec. VP & General Manager of RF & Wireless

	Date:	21 Apr. 06
	 	Date:	4/20/06

(A)    The
Contract Documents are as follows: 

(1)    Outdoor
Antenna Unit (ODU) and Passive Antenna Statement of Work, GS-05-1073, Version 1.0, dated 29 November 2005; and 

(2)    Globalstar
Outdoor Unit Specification, GS-05-1068, Version 1.0, dated 29 November 2005 

(B)    This
is a Firm Fixed-Price Contract: 

	

	Line

Item
	 	Description
	 	Quantity
	 	Unit Price

(USD)
	 	Extended Price

(USD)
	 	Delivery Schedule

	

	1A	 	Prototype ODU	 	 	 	 	 	 	 	 
	 	 	Passive Patch	 	2	 	[*]	 	[*]	 	May 5, 2006
	

 	
 	

Passive Quadrifilar	
 	

2	
 	

 	
 	

 	
 	

May 26, 2006
	

 	
 	

Active Patch	
 	

2	
 	

 	
 	

 	
 	

May 5, 2006
	

 	
 	

Active Quadrifilar	
 	

2	
 	

 	
 	

 	
 	

May 26, 2006
	

	1B	 	Test Data	 	Lot	 	NSP	 	NSP	 	10 Weeks ARO
	

2

 

	

	Line

Item
	 	Description
	 	Quantity
	 	Unit Price

(USD)
	 	Extended Price

(USD)
	 	Delivery Schedule

	

	2A	 	90 Units	 	 	 	 	 	 	 	 
	

 	
 	

• Patch Active	
 	

30	
 	

[*]	
 	

[*]	
 	

90 Units
	 	 	• Patch Passive	 	5	 	 	 	 	 	14 Weeks
	 	 	• Quadrifilar Active	 	30	 	 	 	 	 	after approval of
	 	 	• Quadrifilar Passive	 	5	 	 	 	 	 	4 prototypes
	 	 	• Quadrifilar Maritime

  Active	 	15	 	 	 	 	 	 
	 	 	• Quadrifilar Maritime

  Passive	 	5	 	 	 	 	 	 
	

 	
 	
59,910 Units	
 	

 	
 	

 	
 	

 	
 	

 
	

 	
 	

• Patch Active	
 	

22,770	
 	

 	
 	

 	
 	

Production
	 	 	• Patch Passive	 	1,195	 	 	 	 	 	6 Weeks
	 	 	• Quadrifilar Active	 	22,170	 	 	 	 	 	after approval of
	 	 	• Quadrifilar Passive	 	1,615	 	 	 	 	 	90 units
	 	 	• Quadrifilar Maritime

  Active	 	11,985	 	 	 	 	 	 
	 	 	• Quadrifilar Maritime

  Passive	 	175	 	 	 	 	 	 
	

	2B	 	Monthly Test Data on Production Samples	 	Lot	 	NSP	 	NSP	 	Initial Production, then monthly thereafter
	

	3	 	NRE	 	Lot	 	[*]	 	[*]	 	 
	

	OPTION	 	Option—Follow on Units, pricing good to 30 June 2007	 	 	 	 	 	 	 	 
	

3

 

	

	Line

Item
	 	Description
	 	Quantity
	 	Unit Price

(USD)
	 	Extended Price

(USD)
	 	Delivery Schedule

	

	 	 	• Patch Active	 	TBD	 	[*]	 	TBD	 	In accordance with
	 	 	• Patch Passive	 	TBD	 	 	 	TBD	 	Contract Production
	 	 	• Quadrifilar Active	 	TBD	 	 	 	TBD	 	Delivery Schedule
	 	 	• Quadrifilar Passive	 	TBD	 	 	 	TBD	 	 
	 	 	• Quadrifilar Maritime

  Active	 	TBD	 	 	 	TBD	 	 
	 	 	• Quadrifilar Maritime

  Passive	 	TBD

 

Quantity availability is subject to manufacturing capacity at time of order	 	 	 	TBD	 	Delivery availability is subject to manufacturing capacity and lead time at time of order
	

NSP =
Not Specifically Priced 

The
parties anticipate that the Production Delivery Schedule will commence 6 weeks after approval of the 90 initial units and Seller will use commercially reasonable efforts to meet the following
Minimum Monthly Deliveries: 

	

	Antenna Type
	 	Minimum Monthly

Deliveries

(units)
	 	Maximum Monthly

Deliveries *

(units)

	

	Active Patch	 	912	 	1186
	

	Passive Patch	 	48	 	62
	

	Active Quadrifilar	 	888	 	1154
	

	Passive Quadrifilar	 	65	 	85
	

	Active Marine Quadrifilar	 	480	 	624
	

	Passive Marine Quadrifilar	 	10	 	13
	

* unless a higher quantity is mutually agreed to in advance

Seller
shall submit to Buyer a confirmed Production Delivery Schedule by month and year no later than thirty (30) days after Contract Date. 

This
Contract is fully funded. 

With
regard to Line Item 3, NRE, Buyer made an advance payment of [*] under the Authorization To Proceed which Seller acknowledges receiving. The balance of
[*] is payable within 30 days of receipt of Seller's invoice which Buyer acknowledges authorizing Seller to submit. 

TOTAL
FIRM FIXED-PRICE                             US$10,520,055 

4

  

10 March 2006 

 
 

TERMS AND CONDITIONS OF SALE    

(1)    EXCLUSIVITY
OF TERMS 

The
terms and conditions set forth herein together with those appearing on the face hereof or attachments hereto shall constitute the complete and exclusive statement of all terms and conditions of
the Contract between the Seller and the Buyer. 

(2)    ACCEPTANCE
OF CONTRACT 

This
Contract shall be subject to acceptance by the Seller only at the Seller's corporate headquarters and by the Buyer only at the Buyer's corporate headquarters. 

(3)    PACKAGING,
DELIVERY AND SHIPMENT TERMS 

The
Products supplied by the Seller shall be shipped FOB point of shipment. Delivery shall occur at the time the Product has been delivered at the FOB point. Seller shall be responsible for packaging
the Products and choosing shipping method and carrier. Prices are quoted exclusive of transportation, insurance and taxes, including without limitation, any taxes whatsoever that might be levied after
the Product is delivered due to the Seller's security interest in the Products. Prices do not include license fees, customs fees, duties or any other charges related thereto. The Buyer will pay any
and all shipping charges, premiums, taxes, fees, duties, documentation, handling and other charges related thereto and shall hold the Seller harmless therefrom; provided that if Seller, in its sole
discretion, chooses to make any such payment, Buyer will reimburse Seller, in full, upon demand. Buyer shall provide "Ship To" addresses and instructions to Seller. Shipping costs shall be billed to
Buyer's account to be identified by Buyer. 

(4)    ACCEPTANCE
AND DELIVERY OF SHIPPED PRODUCT 

Seller
shall provide to Buyer pertinent Test Data from production samples that demonstrate conformance with the requirements of the Acceptance Test Procedure and the Specification. Buyer shall notify
Seller of acceptance or rejection of Test Data within 5 working days. Upon receipt of notification of acceptance of Test Data, Seller may ship Product. 

(5)    PERFORMANCE

Seller
shall not be liable for any incidental or consequential damages due to delay of shipment or for any incremental cost incurred by Buyer in the obtaining of replacement goods. Time is of the
essence will not apply to this Contract. The Buyer agrees to accept and pay for partial shipments. 

(6)    SECURITY
AGREEMENT 

It
is agreed by Buyer and Seller that as to the Products which are the subject of this Contract and all accessions thereto and proceeds thereof, a purchase money security interest shall attach with
the Seller as a secured party, and with respect to the Products which are resold in any form by the Buyer, Seller shall be the assignee of any security interest which the Buyer retains or obtains in
such Products until the Buyer has made payment in full therefor in accordance with the terms hereof. Payment terms under this Contract are net 30 days in accordance with Article 16 of
this Contract. Buyer shall be in default if it fails to make any payment as provided for herein or if bankruptcy, receivership or insolvency proceedings are instituted by or against the Buyer or if
the Buyer makes any assignment for the benefit of its creditors. Upon Buyer's default, Seller shall have all of the rights and remedies of a secured creditor, as well as those of a seller of goods
under the Uniform Commercial Code, and other applicable law, including, but not limited to, the "right to take possession" of the Products herein furnished. Seller may remedy any default and may waive
any default without waiving the default remedied or without waiving any prior or subsequent default. Buyer agrees to cooperate fully and assist the Seller in perfecting and/or continuing the Seller's
security interest and to execute such documents and accomplish such filings and/or recordings thereof as the Seller may deem necessary for the 

5

 

protection
of the Seller's interest in the Products herein furnished. The making of this contract of sale by the Buyer and the Seller shall constitute their signing of this security agreement. 

(7)    ASSIGNMENT

This
Contract may not be assigned, either in whole or in part, by either party without the express written approval of the other party (which approval shall not be unreasonably withheld or delayed);
provided however, this clause does not restrict the Seller from utilizing subsidiaries or other divisions of its company in the manufacture of the Products. 

(8)    WARRANTY 

The
Seller warrants that for a period of twelve (12) months from delivery of the Product, such Product will be free from defects in materials and workmanship and will conform to the applicable
specifications, drawings and samples. At the option of Seller, Buyer's remedy under warranty shall be a no charge repair or replacement with a compliant Product. WITH THE EXCEPTION OF THE ROHS, WEEE
AND PACKAGING DIRECTIVES WARRANTY, THIS WARRANTY IS EXPRESSLY IN LIEU OF AND EXCLUDES ALL OTHER WARRANTIES, EXPRESS AND/OR IMPLIED, AND ALL OTHER OBLIGATIONS OR LIABILITIES ON THE PART OF THE SELLER,
UNLESS SUCH OTHER WARRANTIES, OBLIGATIONS OR LIABILITIES ARE EXPRESSLY AGREED TO IN WRITING BY THE SELLER. 

The
following criteria must be met by the Buyer prior to the Seller's consideration of any warranty claim. The specific Product must still be within the warranty period. The Buyer may contact the
Seller to clarify the exact warranty period as discussed above. The Buyer must obtain a Return Material Authorization (RMA) number from the Seller in advance of the return of the Product. These
warranty claims must include the product type, reason for the return and any pertinent serial numbers. The Buyer is responsible for all transportation charges and risk for the returned Product to
Seller and must see that the Product is packaged correctly. The Seller is responsible for all transportation charges and risk for the returned Product to Buyer for which warranty remedies were
provided. Product submitted for warranty repair and determined not to be defective, shall be returned to Buyer at Buyer's expense. 

(9)    ROHS,
WEEE AND PACKAGING DIRECTIVES 

Requirements,
Warranty and Indemnity 

Buyer
has determined that it has a duty to comply with certain environmental standards required by: 

	(1)
	Directive
2002/95/EC of the European Parliament and of the Council of 27 January 2003 on the restriction of the use of certain hazardous substances in electrical and electronic
equipment (the "ROHS Directive");

	(2)
	Directive
2002/96/EC of the European Parliament and of the Council of 27 January 2003 on waste electrical and electronic equipment (the "WEEE Directive"); and

	(3)
	Directive
94/62/EC of the European Parliament and of the Council of 20 December 1994 on packaging and packaging waste (the "Packaging Directive"). 

Buyer
requires that all Product delivered under this Contract must comply with the above Directives, including any amendments by Commission Decision, Joint Declaration of EU authorities and Directive
2003/108/EC of 8 December 2003 as well as any statute or statutory provision or subordinate legislation introduced or modified from time to time to implement such Directives into EU Member
State Law (the "EU Directives"). 

Seller
agrees to manufacture and deliver Product in full compliance with the EU Directives. 

Seller
represents, warrants and certifies to Buyer that the Product fully complies with and is correctly marked and labeled in accordance with the EU Directives. Seller must provide Buyer with a
declaration of such compliance for the Product as well as a Material Composition Declaration. Any Product that is determined to be noncompliant by proper EU national authorities is considered a
defective product. 

6

 

Seller
shall immediately, at the sole option of Buyer, either (i) give full refund to Buyer of the purchase price of any defective product or (ii) at no charge to Buyer repair or replace
any defective product with a compliant product. 

Seller
shall defend, indemnify, release and hold harmless Buyer and its Affiliates, directors, officers, employee benefit plans, shareholders, and employees or any of them from any and all third party
claims and resulting costs, demands, fines, liabilities, loss penalties, arising out of or as a result of a breach of this clause. 

Additional
Information 

In
accordance with the ROHS Directive, no Product may contain 0.1% wt or more of the following substances: lead, hexavalent chromium, mercury, polybrominated biphenyls (PBBs) and polybrominated
diphenyl ethers (PBDEs) or 0.01% wt or more of cadmium. 

Seller
must take all reasonable steps and exercise all due diligence needed to comply with the ROHS Directive, including without limitation, utilizing only ROHS-compliant subcontractors,
auditing of subcontractors for compliance, establishing quality assurance processes and procedures for compliance, and maintaining proper documentation of compliance. At the earliest opportunity but
in
any case no later than shipment of the first 90 production units, Seller shall provide Buyer with (a) Certificate of Compliance with EU Directives (ROHS, WEEE and Packaging); and
(b) Material Composition Declarations from suppliers in accordance with Forms IPC-1752-1 v1.0 and IPC-1752-2 v1.0. 

Seller
must take all reasonable steps to comply with the WEEE Directive information and product marking requirements, where applicable, including a symbol of the crossed-out wheelie bin,
with a horizontal bar underneath signifying that the Product has been manufactured after the WEEE Directive came into force, and a marking properly identifying Buyer as the producer of the Product, as
instructed by Buyer. 

Upon
request, Seller will furnish to Buyer, as soon as reasonably practical but in any event within 15 business days of such request, any information and assistance as Buyer, in its reasonable
opinion, requires to comply with Buyer's obligations under the EU Directives, including without limitation, the following: 

	(a)
	information
or evidence of compliance as may from time to time be required by any EU Member State Government relating to the Product;

	(b)
	Product
or component design;

	(c)
	marking
and labeling Products; and

	(d)
	EU
audit requests of Buyer 

Seller
should keep records for traceability and compliance documentation purposes for at least five (5) years. 

(10)    INTELLECTUAL
PROPERTY RIGHTS INDEMNITY 

Seller,
at its own expense, shall defend, indemnify and hold the Buyer, Buyer's agent or affiliate, or Buyer's customer harmless against any third party claim or suit and resulting in damages or other
judgment rendered against the Buyer based on an allegation that the manufacture of any Product delivered under this Contract or the normal intended use, lease or sale of any such Product infringes any
U.S. or foreign letters patent, copyright, trade mark, trade secret or other intellectual property right, provided that the Buyer promptly notifies the Seller in writing of any such claim or suit and
gives the Seller authority and such assistance and information as is available to the Buyer for the defense of such claim or suit. Seller will pay all claims, royalties, settlements, judgments and
reasonable attorney's fees but Seller will not be responsible for any compromise made without Seller's written consent. If a Product's use is enjoined due to infringement, or if in the opinion of
Seller the Product is or is likely to 

7

 

become
the subject of a valid claim or infringement, Seller, at its own election and expense, may: (a) procure for Buyer, Buyer's agent or affiliate, or Buyer's customer the right to continue
using such Product; (b) modify or replace such Product so that Buyer, Buyer's agent or affiliate, or Buyer's customer has a noninfringing Product that provides equivalent performance; or if
(a) and (b) are not reasonably feasible, remove such Product and accept its return, promptly granting Buyer, Buyer's agent or affiliate, or Buyer's customer a full refund less
depreciation on a straightline method over 5 years. 

(11)    LIMITATION
OF LIABILITY 

EXCEPT
FOR SELLER'S INDEMNIFICATION OBLIGATION UNDER SECTION 9, SELLER'S AGGREGATE LIABILITY SHALL NOT EXCEED THE PAYMENT RECEIVED BY THE SELLER FROM BUYER FOR THE APPLICABLE PRODUCT(S) WHICH IS/ARE
THE SUBJECT OF THE CLAIM OR DISPUTE. FOR SELLER'S INDEMNIFICATION OBLIGATION UNDER SECTION 9, SELLER'S AGGREGATE LIABILITY, IN ANY BUYER CLAIM, SHALL NOT EXCEED THE PURCHASE PRICE OF THIS CONTRACT,
INCLUDING ALL AGREED UPON CHANGE ORDERS, PROVIDED THAT BUYER IS NOT IN BREACH OF ITS PAYMENT OBLIGATIONS UNDER THIS CONTRACT. BUYER'S LIABILITY IS LIMITED TO THE PURCHASE PRICE OF THIS CONTRACT,
INCLUDING ALL AGREED UPON CHANGE ORDERS, TO THE EXTENT SUCH LIMITATION IS ALLOWED BY LAW. 

IN
NO EVENT WILL EITHER PARTY, NOR ITS AFFILIATES, EMPLOYEES, DIRECTORS, OFFICERS, AGENTS, OR SUPPLIERS BE LIABLE TO THE OTHER FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. 

(12)    APPLICABLE
LAW 

This
Contract shall be construed, interpreted and enforced in accordance with, and the respective rights and obligations of the parties shall be governed by, the laws of the State of Illinois. 

(13)    DISPUTES
RESOLUTION 

Each
party agrees that any dispute between the parties arising between the parties out of or in relation to this Contract or for the breach thereof which the parties are unable to resolve within a
reasonable time period will first be submitted in writing to a designated senior executive of both Seller and Buyer who will meet and confer in an effort to resolve such dispute. Any decisions of the
executives will be final and binding on the parties. In the event the executives are unable to resolve any dispute within 30 days after submission to them, or in the event either party refuses
to designate an executive within 10 days following demand, either party may refer such dispute to arbitration in accordance with this clause. Such dispute shall be resolved in accordance with
the then current Rules of the American Arbitration Association by three independent arbitrators experienced in the area of wireless telecommunications. Such arbitrators shall be selected by mutual
agreement of the parties, or failing such agreement, each party shall select one arbitrator and the two selected arbitrators shall mutually agree upon the selection of a third arbitrator. The location
of the arbitration shall be in Chicago, Illinois USA. The parties shall bear the costs of such arbitration equally and the prevailing party in any arbitration shall be entitled to reasonable
attorneys' fees in addition to any other award ordered by the arbitrators (and shall not be subject to Section 11). Nothing in this clause will prevent a party from seeking injunctive relief
against the other party from any judicial or administrative authority pending the resolution of a dispute or controversy by arbitration. 

(14)    RIGHTS
IN INTELLECTUAL PROPERTY (IP), SALE OF PRODUCTS AND ROYALTIES 

Seller
maintains all rights to its pre-existing IP, including the pre-existing IP of its suppliers (Pre-existing IP). Seller obtains rights in all newly created IP,
including all derivative works (Development IP). 

For
the term (from Contract Date until the final delivery of Product) of this Contract, as long as Buyer is not breaching this Contract, Seller grants Buyer an exclusive, perpetual, irrevocable,
worldwide, royalty free license ("Exclusive License") to use Pre-existing IP and Development IP solely in connection with the use, sale or repair of Products; provided that, nothing in
this paragraph shall limit 

8

 

Seller's
rights to use Pre-existing IP in its sole discretion without any obligation to Buyer as long as such use is not in connection with the Products (except as provided in this
section). If Buyer pays for 60,000 units as provided for under the Contract, the Exclusive License shall continue for an additional [*] year period, after which the Exclusive
License shall revert to a Non-exclusive License upon 90 days written notice by Seller to Buyer. 

Buyer
grants back to Seller a sublicense to sell Products to third parties during the term of this Contract, upon Buyer prior approval on a case by case basis, provided that Seller will pay Buyer a
royalty of [*] on the sale of each Product. 

Buyer
grants back to Seller a sublicense to sell Products to third parties outside the term of this Contract for as long as Buyer maintains an Exclusive License upon Buyer prior approval on a case by
case basis, provided that Seller will pay Buyer a royalty on the sale of each Product, such royalty to be negotiated in good faith on a case by case basis. 

(15)    MOST
FAVORED CUSTOMER PRICING 

During
the term of this Contract and one year thereafter, Seller agrees that Buyer shall receive "Most Favored Customer Pricing" with respect to the Products. Specifically, Seller shall not provide
other customers (excluding the Federal and/or State governments of the U.S. and including all local and foreign governments) ordering like quantities of Products on like terms with more favorable
pricing (net of NRE and royalty adjustments) for newly manufactured Products without offering Buyer the same benefit on price and terms. Buyer shall have the right to audit this provision no more than
once each contract year and such audit shall be limit to the prior 12 month period. Audits shall be on reasonable notice during business hours. 

(16)    INVOICES
AND PAYMENTS 

Invoices
shall be in U.S. dollars and contain the following information: 

—    Contract
Number 

—    Line
Item Number 

—    Item
Description 

—    Quantities,
Unit Price and Extended Totals 

—    Proof
of Delivery 

Payment
shall be in U.S. dollars within thirty (30) days of Buyer's receipt of a properly submitted and correct invoice. Invoices shall be issued upon shipment of Products. Seller shall be
entitled to collect interest of 1% per month on any amount remaining unpaid 60 days after delivery. 

The
Seller shall submit invoices to Buyer for deliverable Product, no more frequently than monthly, in accordance with the terms of this Contract. Seller shall submit invoices to the following: 

Globalstar
Canada Satellite Co.

115 Matheson Blvd. West, Suite 100

Mississauga, Ontario L5R 3L1

CANADA

Attention: Mr. Steve Bell 

(17)    TAXES

The
payments to Seller under this Contract shall be net any taxes, export or import duties, charges or remittances fees levied by any government agency against either Seller or Buyer. All said taxes,
if applicable, in conjunction with this Contract shall be paid by Buyer. 

9

 

(18)    CHANGE
ORDERS 

Buyer
may at any time, by contract amendment issued to Seller ("Change Order"), make changes within the general scope of this Contract in any one or more of the following: (a) drawings,
designs, specifications or scope of work; or (b) delivery schedule, method of shipping or packing or other administrative item. Should any such change increase or decrease the cost of, or the
time required for performance of this Contract, an equitable adjustment may be required and must be agreed to by both Parties prior to the change being implemented. Seller shall use reasonable efforts
to avoid unnecessary costs resulting from the Change Order. However, nothing in this clause shall excuse the Seller from proceeding with the Contract as changed by Buyer. 

(19)    TERMINATION
FOR CONVENIENCE 

Buyer
may terminate this Contract, in whole or in part, without cause, upon thirty (30) days written notice to Seller. Upon receipt of any such termination notice, Seller shall, to the extent
and at the times specified by Buyer, stop all work on this Contract and cause its subcontractors and suppliers to stop all work that is terminated. Seller shall proceed promptly to comply with Buyer's
directions without awaiting settlement or payment of Seller's termination claim. Within twenty (20) calendar days from such termination, Seller may submit to Buyer a claim with the final
statement of charges. Seller shall be entitled to reimbursement for all incurred and unreimbursed Non-Recurring
Engineering Expenses (NRE), all finished goods, all work in progress and raw materials, component parts, all non-cancelable orders with its suppliers or goods in transit, subject to the
mitigation requirements herein. Payment shall be made to Seller within 30 days of submission of its claim if Buyer decides to waive audit or within 30 days of completion of Buyer audit.
In no event will the calculation of charges exceed the price of this Contract or conflict with the terms of this Contract with respect to adjustments. Seller shall use its best efforts to reasonably
assess open orders, raw materials, work in process and sub-assemblies to determine whether or not such items can reasonably be used by Seller for the manufacture of other products
commensurate with its then current business or be diverted for any other reasonable purpose commensurate with its then current business. Seller shall use commercially reasonable efforts to mitigate
costs, subject to Buyer's election to take delivery of any materials or goods, and reduce its final statement of charges by the value of such usable items. Buyer shall have no obligation with respect
to items lost, damaged, stolen or destroyed prior to delivery to Buyer. Buyer reserves the right to verify Seller's claims and Seller shall make available to Buyer, upon its request, all relevant
books, receipts, and records for inspection and audit; provided that any such audit must be completed within 90 days of termination. This clause shall be applicable only to a termination for
convenience by Buyer, without any default on Seller's part, and shall not affect or impair any right of Buyer to terminate this Contract upon Seller's default in the performance hereof. Nothing in
this clause shall be construed to limit Buyer's legal and equitable rights. 

(20)    TERMINATION
FOR DEFAULT 

Should
either party fail to materially perform any of its obligations under this Contract for a period of 30 calendar days after receipt of written notice of material default (which shall describe the
material default in sufficient detail) from the non-defaulting party, the non-defaulting party may terminate this Contract, or any license or service hereunder that is the
subject of such default, immediately upon delivery of written notice to the defaulting party of its election to do so. In addition to other material defaults specified in this Contract, the following
are deemed material defaults: (a) an assignment by a party for the benefit of creditors; (b) appointment of a receiver of a party's property used in its performance of this Contract;
(c) Seller's insolvency; (d) any assignment contrary to the Assignment clause herein; (e) unlawful, fraudulent or deceptive acts or practices or criminal misconduct by Seller or
its employees relevant to Seller's performance; or (f) Seller or any principal owner, director or senior officer of Seller is convicted of or pleads no contest to any felony involving moral
turpitude. 

In
addition, in Buyer's sole discretion, Buyer may, by written notice to Seller and Seller's failure to cure within a cure period of 45 days (unless such longer period is mutually agreed by the
parties as 

10

 

reasonable
under the circumstances), terminate this Contract in whole or part if Seller fails to: (a) make delivery of the Products or perform the Services within the time specified and such
delay has a material impact on Buyer, or any extension by written change order or amendment; or (b) replace or correct defective Products in accordance with this Contract; or (c) cure a
material default of any other provisions of this Contract; or (d) make progress as to endanger performance in accordance with these terms. Upon receipt of any such termination notice, Seller
shall, to the extent and at the times specified by Buyer, stop all work on this Contract and cause its subcontractors and suppliers to stop all work that is terminated. Notwithstanding other
conditions stated in this Contract, if Seller defaults in the performance of the terms of this Contract in any material manner which remains uncured after proper notice thereof, then Seller, without
further cost to Buyer, grants to Buyer an irrevocable, perpetual, worldwide, non-exclusive, royalty free right and license to use, sell, manufacture, and cause to be manufactured or
printed any and all Products embodying any and all inventions, discoveries and works of authorship made, conceived or actually reduced to practice in connection with the performance of this Contract.
Seller shall promptly provide to Buyer the applicable templates, and other information related to the Development IP necessary for Buyer to carry out these terms. 

In
the event of termination due to Seller's default pursuant to this clause, Seller shall be entitled only to payment for Products shipped under this Contract prior to the effective termination date
and for incurred but unpaid NRE fees (assuming Seller has begun Line Item 2 Production Deliveries). With respect to Seller's subcontracts, all financial responsibility related to such subcontracts,
including without limitation, non-cancelable parts, parts in transit, raw material, work in process and incurred but unpaid NRE, shall be borne by Seller; provided that, Buyer agrees to
discuss, in good faith, assuming all or a part of such financial responsibility with Seller's subcontractors and such decision shall be at Buyer's sole and absolute discretion. Similarly, the parties
agree to discuss in good faith Buyer's continuing need for Seller's raw material and work in process, and such decision to purchase all or part of such raw material and/or work in process shall be at
Buyer's sole and absolute discretion. If all or a portion of this Contract is terminated by Buyer pursuant to this clause, Buyer in addition to any other rights provided here or by law, may require
Seller to transfer title and deliver to Buyer, in the manner and to the extent directed by Buyer, any completed or partially completed goods and/or services, but at no price greater than the Contract
price or reduced by adjustment in accordance with this Contract. Seller's obligations to carry out Buyer's directions as to delivery, protection, and preservation shall not be contingent upon prior
agreement as to such agreed amount. Buyer is not obligated to pay Seller for any defaulted items under this Contract and any advance payments for defaulted items will be refunded to Buyer. Nothing in
this clause shall be construed to limit Buyer's legal and equitable rights and remedies. 

If
Seller terminates the agreement for Buyer's material default, Seller shall be entitled to such reimbursement as described in Section 20 and the Exclusive License provided under
Section 14 shall automatically revert to a Non-exclusive License. 

(21)    SEVERABILITY

If
any part provision or clause of the terms and conditions of sale, or the application thereof to any person or circumstances, is held invalid, void or unenforceable, such holding shall not affect
and shall leave valid all other parts, provisions, clauses or applications of the terms and conditions remaining, and to this end the terms and conditions shall be treated as severable. 

(22)    PUBLIC
RELEASE OF INFORMATION 

Within
a reasonable time prior to the issuance of news releases, articles, brochures, advertisements, prepared speeches, and other such information releases (except regulatory disclosures required by
the U.S. Securities and Exchange Commission) concerning the work performed hereunder, the party desiring to release such information shall obtain the written approval of the other party concerning the
content and timing of such releases. Approval will not be unreasonably delayed or denied. The parties 

11

 

anticipate
the issuance of press releases in connection with the execution of the Contract, which press release shall be mutually agreed to between the parties. 

(23)    NOTICES

Any
notices or correspondence required or desired to be given or made hereunder shall be in writing and shall be effective when delivered to an authorized recipient party at the address indicated
below: 

	BUYER:	 	Globalstar Canada Satellite Co.

In care of:

Globalstar, Inc.

461 South Milpitas Blvd.

Milpitas, CA 95035 USA

Attention: [*]
	

SELLER:	
 	

Richardson Electronics, Ltd.

40W267 Keslinger Road,

P.O. Box 393

LaFox, IL 60147

Attention: [*]

(24)    FORCE
MAJEURE 

Seller
shall not be liable to Buyer for any failure to perform or delay in performance of its obligations hereunder caused by an act of God; outbreak of hostilities; riot, civil disturbance, acts of
terrorism, blockades, sabotage, or war; fire, explosion, flood, storm, earthquake, epidemic, or accident; theft, malicious damage, strike, lock-out or industrial action of any kind;
transportation or communication conditions; curtailment or failure to obtain electrical or other energy supplies; curtailment or termination of franchises or other supplier agreements, or shipments or
deliveries of products from suppliers; supplier or Buyer caused delays; inability to obtain labor, materials, products, or manufacturing facilities; compliance with any law, regulation, or order,
whether valid or invalid, acts of any government body or instrumentality thereof. 

12

QuickLinks

Exhibit 10.14

CONFIDENTIAL TREATMENT

TERMS AND CONDITIONS OF SALEQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.15    
    

CONFIDENTIAL TREATMENT  

Portions
of this exhibit have been omitted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 406 under the Securities Act of
1933. Such Portions are marked "[*]" in this document; they have been filed separately with the Commission. 

 
 

MASTER AGREEMENT
  
    between
  
    GLOBALSTAR LLC
  
    And
  
    SPACE SYSTEMS/LORAL,
 INC.
  
    for
  
    PROFESSIONAL SERVICES    

Contract No. GLLC-C-04-0146  

  

 
 

TABLE OF CONTENTS  
    

	ARTICLE 1.	DEFINITION OF TERMS	 	2
	ARTICLE 2.	TERM OF AGREEMENT	 	2
	ARTICLE 3.	PRICE	 	2
	ARTICLE 4.	SCOPE OF AGREEMENT	 	2
	ARTICLE 5.	INVOICES AND PAYMENTS	 	3
	ARTICLE 6.	INDEPENDENT CONTRACTOR	 	4
	ARTICLE 7.	TAXES	 	4
	ARTICLE 8.	RECORDS AND AUDITS	 	4
	ARTICLE 9.	TERMINATION	 	4
	ARTICLE 10.	INDEMNIFICATION	 	5
	ARTICLE 11.	INSURANCE	 	6
	ARTICLE 12.	DELIVERABLES	 	6
	ARTICLE 13.	DISCLOSURE AND HANDLING OF PROPRIETARY INFORMATION	 	8
	ARTICLE 14.	ASSIGNMENT AND DELEGATION	 	9
	ARTICLE 15.	NOTICES	 	9
	ARTICLE 16.	COMPLIANCE WITH LAWS	 	9
	ARTICLE 17.	WAIVERS AND AMENDMENTS	 	9
	ARTICLE 18.	ORDER OF PRECEDENCE	 	9
	ARTICLE 19.	GOVERNING LAW	 	10
	ARTICLE 20.	SEVERABILITY	 	10
	ARTICLE 21.	SURVIVAL	 	10
	ARTICLE 22.	ENTIRE AGREEMENT	 	10
	ARTICLE 23.	NO SOLICITATION OF EMPLOYMENT	 	10
	ARTICLE 24.	FORCE MAJEURE	 	10
	ARTICLE 25.	DISPUTE RESOLUTION	 	11
	ARTICLE 26.	EXPORT CONTROL	 	11
	ARTICLE 27.	LIMITATION OF LIABILITY	 	11
	ARTICLE 28.	WARRANTY	 	12
	

EXHIBIT A — TASK ORDER FOR PROFESSIONAL SERVICES	
 	

14
	EXHIBIT B — CONTRACTOR'S SCHEDULE OF RATES	 	16

1

  

        This Agreement is effective as of June 1, 2004, ("Effective Date") and is between Globalstar LLC, a Delaware limited liability company with offices at
461 South Milpitas Blvd., Milpitas, California 95035 USA (hereinafter referred to as "GLLC" or the "Purchaser") and Space Systems/Loral, Inc, a Delaware Corporation with offices at
3825 Fabian Way, Palo Alto, CA 94303-4604, (hereinafter referred to as "Contractor"; collectively the "Parties, or singularly the "Party") for the purpose of providing certain
services as defined herein (the "Services") as GLLC may from time to time request. In connection with such Services, the Parties intending to be legally bound, agree as follows: 

 
 

Article 1.    Definition of Terms    
    

The
following terms used in this Agreement shall have the following meaning: 

"Affiliate"
shall mean in relation to either party, any company or entity if that other company or entity directly or indirectly controls, is controlled by, or is under common control with that party. 

"Contractor"
shall mean Space Systems/Loral, Inc. Contractor shall identify to GLLC all third-party contractors, subcontractors, or agents prior to providing personnel for any task requested
hereunder. 

"Deliverable
Data" shall have the meaning as set forth in Article 28. 

"Task
Order" shall have the meaning as set forth in Exhibit A. 

 
 

Article 2.    Master Agreement/Term of Agreement    
    

	a)
	This
Agreement establishes the terms and conditions on which GLLC shall issue Task Orders substantially in the form as Exhibit A, which when issued and accepted
shall be incorporated herein and made a part hereof, for Contractor's Services. This is a time-and-materials type (T&M) contract.

	b)
	The
term of this Agreement shall be one (1) year from the Effective Date, unless earlier terminated as provided herein. The term of this Agreement shall be
extended for additional one (1) year terms thereafter automatically and without any act of either party for up to ten (10) years, unless GLLC gives written notice to Contractor prior to
the end of any term that it has elected not to renew the Agreement for the ensuing term. The terms and conditions of this Agreement shall apply to any Task Order issued hereunder, whether or not the
Agreement remains in effect when performance or claim under Task Order is performed/made. 

 
 

Article 3.    Price    
    

The
price hereunder shall be established upon a per Task Order basis, with the price hereof updated upon the issuance (or amendment) of Task Orders. The Price to be paid by GLLC hereunder to
Contractor within the scope of work detailed herein shall be the sum of all amounts payable to Contractor under all Task Orders issued hereunder. 

 
 

Article 4.    Scope of Agreement    
    

	a)
	GLLC
shall authorize Services by issuing to Contractor a written Task Orders from time to time substantially in the form contained in Exhibit A. The term
"Services" shall include all labor and/or materials for work performed by Contractor pursuant to a Task Order. Contractor, in its sole discretion may refuse to accept any Task Order, by written
notification to GLLC thereof within seven (7) days of receipt of such Task Order. Commencement of Services by Contractor under a Task Order or failure to provide written notification of refusal
to accept within the time provided immediately above constitutes acceptance of that Task Order and constitutes agreement to its provisions. The Parties shall establish a estimated schedule and price
for each Task Order. 

2

 

	b)
	After
issuance and acceptance of a Task Order, GLLC has the right to make changes within the general scope of Services set forth in any Task Order, by issuance of a
written notice to Contractor. If any change affects the time, cost or other provisions for performance under a Task Order, an adjustment shall be agreed to in writing by the parties. In the event that
Contractor anticipates that the schedule of effort or price under any Task Order will exceed the agree-upon estimate for such Task Order, Contractor shall so advise GLLC in writing and
request direction. In the event that GLLC desires Contractor to continuing performing beyond the Task Order estimated schedule or price, GLLC shall so direct in writing and the estimated schedule and
price of the Task Order shall be adjusted accordingly; in the event that GLLC does not desire that Contractor continue performance beyond the Task Order estimated schedule or price, GLLC shall so
advise, and Contractor may cease all effort under the Task Order whenever either the actual estimated schedule date or price occurs or is met/expended. In no event shall Contractor be obligated to
continue performance beyond the estimated schedule or price of any Task Order.

	c)
	GLLC
shall assist and cooperate with Contractor whenever necessary by making GLLC personnel available to Contractor for consultation, permitting reasonable access to GLLC
sites, and providing other reasonable information and data required for the performances of the Services.

	d)
	Any
Services performed by Contractor pursuant to this Agreement shall be Performed according to the Task Order(s), the terms and conditions hereof, and in a manner
consistent with industry standards. GLLC's sole remedy for any breach of Contractor obligations under this subparagraph (d) shall be for Contractor to re-perform such defective
services. 

 
 

Article 5.    Invoices and Payments    
    

	a)
	Contractor
shall render invoices on a per Task Order basis promptly and no more frequently than monthly. The invoices shall be computed on the basis of one or more of the following
methods:

	i)
	Lump
Sum — The lump sum or fixed price charge as set forth in the applicable Task Order (if pre-agreed between the
Parties).

	ii)
	Schedule
of Rates — Those rates set forth in Exhibit B (Contractor's Schedule of Rates), which is attached hereto and made a
part hereof by this reference. The rates set forth in Exhibit B are only valid for a period of twelve months from the EDC and are not subject to increase by Contractor during such time.
Thereafter, the Parties shall agree, in writing, upon any changes to the rates contained in Exhibit B. Contractor shall have no obligation to perform any work under any Task Order for any
period of time that the Parties do not have an agreement on rates set forth in Exhibit B.

	b)
	GLLC
shall be liable only for charges and expenses properly incurred against and allocated to a properly issued and unexpired Task Order or by this Agreement. Any other expenses for
which Contractor seeks reimbursement are subject to prior review and approval by GLLC.

	c)
	Invoices
shall be in U.S. dollars and shall be on a per Task Order basis, and shall separately break out hours billed and rates applied. Materials will be billed at actual cost plus
[*] fee, in accordance with Contractor's established cost accounting practices. GLLC shall pay Contractor within (30) thirty days after receipt of each invoice, unless
within fifteen (15) days of receipt of the invoice GLLC notifies Contractor that it disputes any of the charges and specify the nature of the dispute. Notwithstanding the foregoing, GLLC shall
pay Contractor for any charges not in dispute.

	d)
	If
GLLC disputes any invoice rendered or amount claimed, GLLC will notify Contractor and the parties will work together in good faith to resolve the dispute expeditiously. 

3

 

	e)
	All
invoices shall reference the Contract Number and the applicable Task Order for submission to the following address: 

Globalstar
LLC

P.O. Box 640670

San Jose, CA 95164-0670

United States of America

Attn: Accounts Payable 

 
 

Article 6.    Independent Contractor    
    

This
Agreement does not establish an employer-employee relationship between GLLC and Contractor. Contractor's personnel are not employees or agents of GLLC and Contractor retains the right and
responsibility to exercise full control and supervision over the performance, employment, direction, compensation and discharge of any and all of Contractor's personnel assisting in the performance of
Contractor's obligations. Contractor will be solely responsible for all matters relating to payment of Contractor's personnel, including compliance with workers' compensation, unemployment, disability
insurance, social security, withholding and all other federal, state and local laws, rules and regulations governing such matters. Contractor is responsible for Contractor's own acts and those of
Contractor's personnel during the performance of Contractor's obligations under this Agreement. 

 
 

Article 7.    Taxes    
    

All
taxes payable with respect to Services (excluding Deliverables as defined in Article 12 below) shall be the obligation of Contractor. 

 
 

Article 8.    Records and Audits    
    

Contractor
shall maintain accurate records of all matters that relate to Contractor's obligations under this Agreement in accordance with generally accepted accounting principles and practices
uniformly and consistently applied. Contractor shall retain such records for a period of three (3) years from the date of final payment under any Task Order. 

Contractor
shall permit GLLC, at GLLC's sole cost, to retain an audit firm acceptable to Contractor, which acceptance shall not be unreasonably withheld or delayed, to audit at a reasonable time and
no more than once per annum, Contractor's accounting records (to verify that the hours and materials billed were in fact charged and procured) under this Agreement. Contractor shall have the right to
redact from any audit report any detailed rate information, and such report shall be considered as Contractor Confidential Information and shall be protected pursuant to Article 13, regardless
of how marked. 

 
 

Article 9.    Termination    
    

	a)
	Termination
of Agreement.    GLLC may terminate this Agreement upon thirty (30) days written notice to Contractor stating the effective
date of the termination. The expiration or termination of this Agreement shall not affect the rights and obligations of the parties where the context of any provision indicates an intent by the
parties that it shall survive the term or termination of this Agreement. Any Task Order that has not been completed shall be processed pursuant to Article 9 b.

	b)
	Termination
of Task Order.    GLLC may terminate any Task Order upon ten (10) days' prior written notice stating the Services to be deemed
completed by the effective date of the termination. Upon receipt of any termination notice and unless otherwise specified in the termination notice by GLLC, Contractor shall not incur additional costs
or expenses beyond the effective date of termination. During the ten (10) day termination period, Contractor shall 

4

 

provide
information and assistance to GLLC to transition or wind down the services, as specified solely by GLLC, and the costs of all of such effort shall be considered allowable hereunder. GLLC shall
pay Contractor for any Services not previously billed that were performed up to the effective date of the termination. If compensation is based on daily or hourly rates, GLLC shall pay Contractor in
accordance with such rates for Services performed up to the effective date of the termination. If compensation is based on a lump sum or fixed price, GLLC shall pay the pro rata portion of such amount
representing the Services completed prior to the effective date of the termination. GLLC shall pay Contractor's costs reasonably incurred but not to exceed the authorized price of any specific Task
Order. 

	c)
	Default.    If
either party materially defaults in its obligations under this Agreement and/or any Task Order and such default continues for ten
(10) days after written notice thereof by the party not in default, the non-defaulting party may, in addition to all other rights or this Agreement, terminate this Agreement and/or
and Task Order.

	d)
	Upon
any termination or expiration of this Agreement or a Task Order as provided in this Article, Contractor shall deliver promptly to GLLC all Deliverables, whether complete or
incomplete (in exchange for which Contractor shall be entitled to payment as provided in subparagraph (b) above of this Article), together with all copies of any documents, software,
specifications, and other materials which were furnished by GLLC to Contractor or are GLLC's property. 

 
 

Article 10.    Indemnification    
    

	a)
	Contractor's
Indemnity 

Contractor
shall defend, indemnify and hold harmless Purchaser and its directors, officers, employees, shareholders, agents, from and against any losses, damages, liabilities, suits and expenses
(including reasonable attorneys' fees) (collectively, "Losses") attributable to third party claims for bodily injury or property damage (not including any launched GLLC satellite), but only if such
Losses were caused by, or resulted from, a negligent act or omission or willful misconduct of Contractor or its employees or representatives. 

	b)
	Purchaser's
Indemnity 

Purchaser
shall defend, indemnify and hold harmless Contractor, and its directors, officers, employees, shareholders and agents, from and against any Losses attributable to third party claims for
bodily injury or property damage, but only if such Losses were caused by, or resulted from, negligent acts or omissions of Purchaser or its employees or representatives. 

	c)
	Conditions
to Indemnification 

The
right to any indemnity specified in Article 10 a) and Article 10 b) shall be subject to the following conditions: 

	i.
	The
Party seeking indemnification (the "Indemnitee") shall promptly advise the other Party in writing of the filing of any suit or of any written or oral claim for which
the Indemnitee believes it is entitled to indemnification and shall provide the other Party, at its request, with copies of all documentation relevant to such suit or claim.

	ii.
	The
Party seeking indemnification shall not make any admission nor shall it reach a compromise or settlement for which it intends to seek indemnification without the
prior written approval of the other Party.

	iii.
	The
indemnifying Party shall assist and shall have the right to assume, when not contrary to the governing rules of procedure, the defense of any claim or suit in
settlement thereof and shall satisfy any judgments rendered by a court of competent jurisdiction in such suits and shall make all settlement payments. The Party seeking indemnification may 

5

 

participate
in any defense at its own expense, using counsel reasonably acceptable to the indemnifying Party, provided there is no conflict of interest and that such participation would not adversely
affect the conduct of the proceedings. 

 
 

Article 11.    Insurance    
    

Each
Party shall procure at its own expense and maintain in place comprehensive general liability insurance with such limits and on such terms and conditions with insurers of recognized reputation in
order to provide for the payment of claims arising from the liabilities for which such Party has agreed to indemnify against under Article 10. Each Party shall obtain a waiver of subrogation
and release of any right of recovery against the other Party and its contractors and subcontractors at any tier (including suppliers of any kind) and the respective directors, officers, employees,
shareholders and agents of each of the foregoing, that are involved in the performance of this Contract from any insurer providing coverage for the risks such Party has agreed to indemnify against
under Article 10. Each Party shall further procure at its own expense and maintain in place Worker's Compensation insurance for such Party's employees involved in the performance of this
Contract. 

 
 

Article 12.    Deliverables, Title and Acceptance    
    

	a)
	Data
Deliverables 

Contractor
shall retain title to all Deliverable Data utilized, developed or provided by Contractor hereunder or under any Task Order, including proposals, reports, manuals and software. Subject to
U.S. export regulations and applicable export restrictions Contractor grants to GLLC an irrevocable, royalty-free, non-exclusive license, with right to sublicense to entities
other than competitors of Contractor, to obtain and use the Deliverable Data for the purpose of testing, operating and maintaining GLLC satellites, the Globalstar System, related ground equipment and
any deliverable items provided by Contractor hereunder (including any Task Order), and for no other purpose. 

	b)
	Hardware
Deliverables 

Any
equipment ordered and delivered under a Task Order shall specify the conditions for title transfer, risk of loss, acceptance and warranty as governed by the appropriate provisions contained in the
applicable Task Order, or if no provision for transfer of title, risk of loss or acceptance is made in the applicable Task Order, title transfer, risk of loss and acceptance shall occur upon payment
by GLLC for such equipment (however, in the absence of specific warranty provisions in the Applicable Task Order, Contractor makes no warranty as to the equipment delivered thereunder), and GLLC shall
promptly make arrangement for the delivery of such equipment at GLLC expense or Contractor shall be entitled to charge GLLC for storage, and insurance for such equipment. 

	c)
	Acceptance

After
Acceptance, Contractor shall consider any request by GLLC to correct, update or otherwise change the deliverable items, and Contractor's work to make such modifications to the deliverable items
shall be chargeable to the applicable Task Order. 

6

  

 
 

Article 13.    Disclosure and Handling of Proprietary Information    
    

	a)
	Definition
of Proprietary Information 

For
the purpose of this Contract, "Proprietary Information" means all information (other than Deliverable Data, which is subject to the provisions of Article 12), in whatever form transmitted,
that is disclosed by such Party (hereinafter referred to as the "disclosing party") to the other Party hereto (hereinafter referred to as the "receiving party") relating to the performance by the
disclosing party of this Contract and: (i) is identified as proprietary by means of a written legend thereon, or (ii) if disclosed orally, is identified as proprietary at the time of
initial disclosure and then summarized in a written document, with the Proprietary Information specifically identified, that is supplied to the receiving party within fifteen (15) days of
initial disclosure. Proprietary Information shall not include any information disclosed by a Party that (i) is already known to the receiving party at the time of its disclosure, as evidenced
by written records of the receiving party, without an obligation of confidentiality at the time of disclosure; (ii) is or becomes publicly known through no wrongful act of the receiving party;
or (iii) is independently developed by the receiving party as evidenced by written records of the receiving party. 

	b)
	Terms
for Handling and Use of Proprietary Information 

For
a period of ten (10) years after receipt of any Proprietary Information, the receiving party shall not disclose Proprietary Information that it obtains from the disclosing party to any
person or entity except its employees and agents who have a need to know, who have been informed of and have agreed to abide by the receiving party's obligations under this Article 13, and who
are authorized pursuant to applicable U.S. export control laws and licenses or other approvals to receive such information. The receiving party shall use not less than the same degree of care to avoid
disclosure of such Proprietary Information as it uses for its own Proprietary Information of like importance; but in no event less than a reasonable degree of care. Proprietary Information shall be
used only for the purpose of performing the obligations under this Contract, or as the disclosing party otherwise authorizes in writing. 

IN
NO EVENT SHALL PURCHASER DISCLOSE OR TRANSFER CONTRACTOR-PROVIDED TECHNICAL INFORMATION OR PROVIDE TECHNICAL SERVICES BASED ON CONTRACTOR-FURNISHED TECHNICAL INFORMATION TO NON-U.S.
(FOREIGN PERSONS) INSURANCE BROKERS OR UNDERWRITERS OR OTHER FOREIGN PERSONS OR ENTITIES (AS DEFINED IN 22 CFR SECTION 120.16 OF THE U.S. INTERNATIONAL TRAFFIC IN ARMS REGULATIONS (ITAR), 22 CFR
120-130) EXCEPT IN COMPLIANCE WITH ALL APPLICABLE U.S. EXPORT CONTROL LAWS, REGULATIONS AND LICENSE CONDITIONS. 

	c)
	Disclaimer
of Representations and Warranties 

Neither
Party makes any representation or warranty regarding the accuracy or completeness of, or absence of defects in, the Proprietary Information disclosed hereunder, or with respect to infringement
of any rights, including intellectual property rights of others, arising from its disclosure of Proprietary Information hereunder. Neither Party shall be liable for damages of whatever kind as a
result of the other Party's reliance on or use of the Proprietary Information provided under this Article 13. 

	d)
	Legally
Required Disclosures 

Notwithstanding
the foregoing, in the event that the receiving party becomes legally compelled to disclose Proprietary Information of the disclosing party, including this Contract or other supporting
document(s), the receiving party shall, to the extent practicable under the 

7

 

circumstances,
provide the disclosing party with written notice thereof so that the disclosing party may seek a protective order or other appropriate remedy, or to allow the disclosing party to redact
such portions of the Proprietary Information as the disclosing party deems appropriate. In any such event, the receiving party will disclose only such information as is legally required, and will
cooperate with the disclosing party (at the disclosing party's expense) to obtain proprietary treatment for any Proprietary Information being disclosed. 

	e)
	Disclosure
of Contract Terms 

Notwithstanding
anything to the contrary in this Article 13, and subject to applicable export restrictions and Article 13d) above, the terms and conditions of this Contract may not be
disclosed by either Party to any person except with the prior written consent of the other Party, provided, in each case, that the recipient of such information agrees to
treat such information as confidential and executes and delivers a confidentiality agreement reasonably acceptable to both Parties or is otherwise subject to confidentiality obligations reasonably
satisfactory to both Parties. 

 
 

Article 14.    Assignment and Delegation    
    

Neither
Party shall assign its rights and/or delegate its duties, either in whole or in part, under this Agreement or any Task Order to anyone without written consent of the other Party, which
approval shall not be unreasonably withheld or denied. 

 
 

Article 15.    Notices    
    

Except
as otherwise provided herein, all notices under this Agreement shall be deemed to have been sent when made in writing and delivered in person or deposited in the United States mail, postage
prepaid and addressed as follows: 

	TO: Space Systems/Loral, Inc.

("Contractor")

3825 Fabian Way

Palo Alto, CA 94303

ATTN: Contracts Depart.	 	TO: Globalstar LLC

("Purchaser")

461 South Milpitas Blvd.

Milpitas, CA 95035

ATTN: Contracts Dept.

 
 

Article 16.    Compliance with Laws    
    

The
Parties agree to comply with all applicable federal, state and local laws, regulations, and codes in the performance of this Agreement, including without limitation the U.S. Foreign Corrupt
Practices Act, as amended by the OECD Convention of 1998. 

 
 

Article 17.    Waivers and Amendments    
    

Waiver
by either party of any default by the other party is not a waiver of any other default. No provision of this Agreement or any written Task Order shall be waived, amended, or modified by either
party, unless it is in writing and signed by an authorized representative of the party against whom it is sought to enforce such waiver, amendment, or modification. 

 
 

Article 18.    Order of Precedence    
    

In
the event of any conflict or inconsistency between provisions of this Agreement and the provisions of a Task Order, the provisions of the Task Order shall control. 

8

 

 
 

Article 19.    Governing Law    
    

This
Agreement will be governed by and interpreted in accordance with the laws of the State of California, including the California Commercial Code as applied to contracts entered into and to be
performed entirely within California, but excluding conflict law rules and principles. Jurisdiction and venue for actions or proceedings related in any way to this Agreement will be in the state or
federal courts of Northern California. The Parties agree to exclude entirely the application of the United Nations Convention on Contracts for the International Sale of Goods from this Agreement and
from any agreement or transaction that may be executed or carried out pursuant to this Agreement. 

 
 

Article 20.    Severability    
    

If
any provision, or any portion of any provision, contained in this Agreement is held invalid or unenforceable, then it shall, to that extent alone, be deemed omitted and the entire Agreement or
provision shall be construed as if not containing the particular invalid or unenforceable provision or portion thereof. 

 
 

Article 21.    Survival    
    

The
terms, conditions, and warranties contained in this Agreement or any Task Order which by their nature survive the expiration or termination of this Agreement shall survive, including but not
limited to Article 10 Indemnification, Article 13 Disclosure and Article 27 Limitation of Liability. 

 
 

Article 22.    Entire Agreement    
    

This
Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof. All prior agreements, representations, statements, negotiations, understandings, and
undertakings dealing with the subject matter hereof are superseded by this Agreement. 

 
 

Article 23.    No Solicitation of Employment    
    

Each
Party agrees that it will not attempt to employ, engage or offer employment or engagement to, or solicit for employment, employees of the other party during that particular Contractor's personnel
period of assignment under any Task Order. However, if the employee terminates employment with the one Party of his/her own volition, the other Party may consider him/her for employment after the
termination of the Task Order and/or Agreement. 

 
 

Article 24.    Force Majeure    
    

Neither
Party will be liable for any delay in meeting or for failure to meet its obligations under the Agreement and/or any Task Order due to any cause outside its reasonable control including,
without limitation, strikes, lockouts, Acts of God, or of the public enemy, war, riot, malicious acts of damage, fire, acts of governmental authority, or failure of the electric supply, or
non-availability or shortages of materials outside its reasonable control and not owing to the fault or negligence of the Party (each a "Force Majeure Event"). In the event either Party is
prevented from meeting its obligations due to any Force Majeure Event, it will notify the other Party of the circumstances and the other Party will grant a reasonable extension to enable the
performance under the affected Task Order(s) unless such other party reasonably believes that the performance on such extended schedule would be unsatisfactory, in which case the affected Task
Order(s) shall be terminated pursuant to Article 9 (b). 

9

 

 
 

Article 25.    Dispute Resolution    
    

Any
dispute or controversy of differences arising between the parties out of or in relation to this Consulting Agreement or for the breach thereof shall be resolved in accordance with the then current
Rules of Arbitration of the American Arbitration Association by three arbitrators competent in the area of wireless telecommunications. Such arbitrators shall be selected by mutual agreement of the
parties, or failing such agreement, each party shall select one arbitrator and the two selected arbitrators shall mutually agree upon the selection of a third arbitrator. The proceedings shall be held
in San Jose, California, The arbitrators shall be bound to apply California law and where applicable, federal statutory law. The parties shall bear the cost of such arbitration equally and the
prevailing party in any such arbitration shall be entitled to reasonable attorneys' fees, in addition to any other award ordered by the arbitrators. The arbitrators' decision shall be final and
binding on the Parties and enforceable in any court of competent jurisdiction. Any monetary award made by the arbitrators shall be subject to the limitation of liability set forth in
Article 27. This Article 25 shall survive any expiration or termination of this Agreement and shall continue to be enforceable in the event of bankruptcy of either party. 

 
 

Article 26.    Export Control    
    

Compliance
with the export regulations is mandatory. Any personnel that may be restricted from access to technical information or where an export license is required must be disclosed to GLLC or
Contractor as applicable, prior to such personnel being assigned to any tasks hereunder. Contractor shall comply with and obtain all export licenses, permits, and approvals as necessary to perform the
task under this Agreement or any related Task Order, including but not limited to, compliance with restrictions on dissemination of information and reexport as provided by the U.S. Export
Administration, State Department, Department of Commerce or other governing body with respect to export control. Contractor agrees not to transmit any technology, software or computer source code in
connection with the Services to any country or to any citizen or resident of any country that is contrary to U.S. or local law governing export compliance. 

NOTWITHSTANDING
ANY PROVISION IN THE CONTRACT, IN NO EVENT SHALL CONTRACTOR BE OBLIGATED UNDER THIS CONTRACT TO PROVIDE ACCESS TO CONTRACTOR FACILITIES; PROVIDE ACCESS TO OR FURNISH HARDWARE,
SOFTWARE, DELIVERABLE DATA OR OTHER TECHNICAL INFORMATION; OR PROVIDE TECHNICAL SERVICES, TO ANY PERSON EXCEPT IN COMPLIANCE WITH APPLICABLE U.S. EXPORT CONTROL LAWS, REGULATIONS, POLICIES AND LICENSE
CONDITIONS, AS CONSTRUED BY CONTRACTOR. 

EACH
PARTY UNDERSTANDS AND WARRANTS THAT IT SHALL NOT RE-EXPORT, RE-TRANSFER OR DIVERT TO ANY THIRD PARTY ANY ITEM, INCLUDING DATA AND INFORMATION PROVIDED BY THE OTHER PARTY
UNDER OR IN CONNECTION WITH THIS CONTRACT, EXCEPT AS EXPRESSLY AUTHORIZED BY THE U.S. GOVERNMENT IN ACCORDANCE WITH THE EXPORT LICENSES OR AS OTHERWISE EXPRESSLY AUTHORIZED UNDER U.S. EXPORT CONTROL
LAWS. 

 
 

Article 27.    Limitation of Liability    
    

NEITHER
PARTY SHALL BE LIABLE DIRECTLY OR INDIRECTLY TO THE OTHER, TO THEIR, OFFICERS, DIRECTORS, EMPLOYEES, CONTRACTORS OR SUBCONTRACTORS AT ANY THEIR (INCLUDING SUPPLIERS OF ANY KIND) AGENTS OR
CUSTOMERS, TO ITS PERMITTED ASSIGNEES OR SUCCESSOR OR TO ANY OTHER PERSON CLAIMING BY OR THROUGH THE OTHER PARTY, FOR ANY AMOUNTS REPRESENTING LOSS OF PROFITS, LOSS OF BUSINESS, OR INDIRECT, SPECIAL, 

10

 

INCIDENTAL,
EXEMPLARY, CONSEQUENTIAL OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOST PROFITS, LOST REVENUES OR COSTS OF RECOVERING A SATELLITE, OR FOR ANY LOSS OR DAMAGE TO GLLC'S SATELLITES
RESULTING FROM GLLC'S APPLICATION OR IMPLEMENTATION OF CONTRACTOR'S SERVICES INCLUDING RECOMMENDATIONS, DATA ANALYSES REPORTS RELATING TO SATELLITE ANOMALY INVESTIGATION AND CORRECTION ACTIVITIES OR
ARISING FROM OR RELATING TO THE PERFORMANCE OR NONPERFORMANCE OF THIS CONTRACT OR ANY ACTS OR OMISSIONS ASSOCIATED THEREWITH OR RELATED TO THE USE OF ANY ITEMS DELIVERED OR SERVICES FURNISHED
HEREUNDER, WHETHER THE BASIS OF SUCH LIABILITY IS BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE OF ANY TYPE AND STRICT LIABILITY), STATUTE OR OTHER LEGAL OR EQUITABLE THEORY. EACH PARTY SHALL
INDEMNIFY THE OTHER AND HOLD SUCH OTHER HARMLESS FOR AND AGAINST ANY CLAIM ASSERTED DIRECTLY OR INDIRECTLY AGAINST SUCH PARTY THAT IS WITHIN THE SCOPE OF THE FOREGOING LIMITATION OF LIABILITY AND
DISCLAIMER. IN NO EVENT SHALL CONTRACTOR'S TOTAL LIABILITY UNDER OR IN CONNECTION WITH THIS CONTRACT EXCEED AMOUNTS PAID TO CONTRACTOR HEREUNDER UNDER THE APPLICABLE TASK ORDER(S) AND IN NO EVENT
SHALL GLLC'S TOTAL LIABILITY UNDER OR IN CONNECTION WITH THIS CONTRACT EXCEED THE PRICE OF THE APPLICABLE TASK ORDER (S). 

 
 

Article 28.    Warranty    
    

	a)
	Deliverable
Items of Hardware 

Contractor
makes no warranty regarding any deliverable item of hardware to be delivered under this Contract, except as otherwise explicitly set forth in the applicable Task Order. 

	b)
	Disclaimer.    EXCEPT
AND TO THE EXTENT EXPRESSLY PROVIDED IN ARTICLE 28a), CONTRACTOR HAS NOT MADE NOR DOES IT HEREBY MAKE ANY REPRESENTATION OR
WARRANTY, WHETHER WRITTEN OR ORAL, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF DESIGN, OPERATION, CONDITION, QUALITY, SUITABILITY OR MERCHANTABILITY OR FITNESS FOR USE OR FOR A
PARTICULAR PURPOSE, ABSENCE OF LATENT OR OTHER DEFECTS, WHETHER OR NOT DISCOVERABLE, WITH REGARD TO ANY SERVICES APPLIED TO GLLC'S EXISTING SATELLITES OR TO ANY DELIVERABLE ITEM

	c)
	Warranty
for Services 

Contractor
warrants that the services it provides to GLLC pursuant to this Contract will conform to reasonable industry standards at the time such services are provided. In the event Contractor
breaches this warranty, as GLLC's sole remedy, Contractor shall apply all reasonable efforts as authorized by GLLC to correct the deficiencies in the provision of such services where it is practicable
to do so under the applicable Task Order. 

11

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly authorized representatives who have the authority to bind the parties to the terms of this
Agreement. 

	Agreed and Accepted:	 	 	 
	
SPACE SYSTEMS/LORAL, INC.

("Contractor")	
 	
GLOBALSTAR LLC

("Purchaser")
	

BY:	

/S/ RON HALEY
	
 	

BY:	

/s/ KELLY L. ROSE

	NAME:	RON HALEY	 	NAME:	KELLY L. ROSE
	TITLE:	CFO	 	TITLE:	Director, Contracts

12

  

  
 

  EXHIBIT A—TASK ORDER FOR PROFESSIONAL SERVICES    
    

	MASTER AGREEMENT NO.

	

TASK ORDER NO.

	

DATE:

	

CONTRACTOR COMPANY:

	

ADDRESS:

	

    

	

ATTN:

	

PROJECT:

GLLC requests Contractor to provide the Services described below subject to the terms and conditions of set forth herein and in accordance with the provisions of the Master Agreement
listed above for Contractor Professional Services, dated                          by and between GLOBALSTAR LLC ("GLLC")
and Contractor ("Contractor"). 

	1.
	Contractor's
personnel who will perform Services: 

	2.
	Description
of Services (include specifics on Deliverables, timetable for Deliverables and attach supporting documents, as necessary): 

	3.
	Location
for Services: 

	4.
	The
Effective Date of this Task Order begins on                          and shall expire
                         or when  USD$                         in Services (which includes
             in reimbursable expenses) have
accrued, whichever occurs first.

	5.
	Reports
to be furnished by Contractor: 

13

 
	6.
	Compensation
shall be:

	a)
	For
Contractor Professional Services (excluding reimbursable expenses) and materials 

ANY
ADDITIONAL COMPENSATION FOR SERVICES PERFORMED BY CONTRACTOR OUTSIDE THE DESCRIPTION OF SERVICES OR THE COMPENSATION LIMIT STATED ABOVE, OR OTHERWISE OUTSIDE THE SCOPE OF THIS TASK ORDER, MUST BE
APPROVED IN WRITING IN ADVANCE BY AUTHORIZED REPRESENTATIVES OF THE PARTIES. 

	b)
	For
Reimbursable Expenses: 

Note:    All travel shall be approved in advance by GLLC. Travel expenses shall be reimbursed according to
Contractor's travel policy. 

	7.
	Special
terms applicable to this Task Order: (e.g. Title Transfer, Rick of Loss, Warranty Period) 

Except
as stated or modified herein, the terms of the Master Agreement under which this Task Order is issued shall be applicable hereto as if fully set forth herein. 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective duly authorized representatives who have the authority to bond the parties to the terms of this
Agreement. 

	Agreed and Accepted:	 	 	 
	
SPACE SYSTEMS/LORAL, INC.

"CONTRACTOR"	
 	

GLOBALSTAR LLC

"PURCHASER"
	

BY:	

    
	
 	

BY:	

    

	NAME:	    
	 	NAME:	    

	TITLE:	    
	 	TITLE:	    

14

  

 
 

EXHIBIT B—CONTRACTOR'S SCHEDULE OF RATES
  
    (as applicable)    
    

	Title
 
	 	Rate/Hour

	Engineer	 	$	[*]
	Senior Engineer	 	$	[*]
	Engineering Specialist	 	$	[*]
	Technician	 	$	[*]
	Administrative Support	 	$	[*]
	Management	 	$	[*]

15

  

 
 

AMENDMENT NUMBER 2
  TO
  THE MASTER AGREEMENT
  BETWEEN
  GLOBALSTAR, INC.
  AND
  SPACE SYSTEMS/LORAL, INC.
  FOR
  PROFESSIONAL SERVICES    
    

This
Amendment Number (No.) 2 is entered into as of the first day of June 2006, between Space Systems/Loral, Inc., a Delaware corporation with offices at 3825 Fabian Way, Palo
Alto, California 94303 (hereinafter referred to as "SS/L" or "Contractor") and Globalstar, Inc., a Delaware corporation with offices at 461 South Milpitas Blvd., Milpitas,
CA 95035 USA (hereinafter referred to as "Globalstar" or "Purchaser"; collectively the "Parties" or singularly the "Party"). 

WHEREAS,
Contractor and Globalstar LLC executed the Master Agreement for Professional Services No. GLLC-C-04-0146 effective June 1, 2004 (the "Contract");
and 

WHEREAS,
Globalstar LLC converted from a Delaware limited liability company to a Delaware corporation named "Globalstar, Inc." effective 17 March 2006; and 

WHEREAS,
the Parties executed Amendment No. 1 to the Contract to adjust the hourly charge rates for use during the twelve month period ending May 31, 2006, and desire to adjust the
Contract to reflect the hourly charge rates for the period beginning on June 1, 2006 and ending on May 31, 2007. 

NOW
THEREFORE, for valid consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree to: substitute Globalstar, Inc. for Globalstar LLC, for all
purposes under this Contract; to adjust the charge rates for the next twelve month period ending on May 31, 2007; and to make such further and consistent modifications as follows: 

	A.
	MODIFIED
PROVISIONS

	1.
	DELETE
"EXHIBIT B REVISION 1—CONTRACTOR'S SCHEDULE OF RATES FOR THE PERIOD JUNE 1, 2005 THROUGH MAY 31, 2006" in its entirety and INSERT IN LIEU
THEREOF "EXHIBIT B REVISION 2—CONTRACTOR'S SCHEDULE OF RATES FOR THE PERIOD JUNE 1, 2006 THROUGH MAY 31, 2007" as attached to this Amendment No 2.

	B.
	The
Parties agree that Globalstar LLC be released from all further liability and obligation under this Contract and shall relinquish all rights herein to Globalstar, Inc., who
agrees to be a substituted party for Globalstar LLC and to bound by all the terms and conditions of this Contract as if an original signatory party. Any actions taken or performance received hereunder
by Globalstar LLC shall be deemed as actions taken and performance received by Globalstar, Inc. Further Globalstar, Inc. agrees to be bound by all actions taken by Globalstar LLC
hereunder as if actions taken by Globalstar, Inc.

	C.
	Except
as expressly modified herein, all terms, conditions, obligations and covenants of the Contract shall remain and continue in full force and effect unless otherwise defined in
this Amendment No. 2, capitalized terms contained herein shall have the same meaning as in the Contract.

	D.
	Counterparts.    This
Amendment No. 2 may be executed in a number of identical counterparts. If so executed, each of such counterparts is
to be deemed an original for all purposes and all such counterparts shall collectively constitute one agreement, but in making proof of this Second 

1

 

Amendment
it shall not be necessary to produce or account for more than one such counterpart. Execution of this amendment by facsimile or by electronic mail delivery in PDF format shall be effective
to create a binding agreement and, if requested, Contractor and Purchaser agree to exchange original signed counterparts. 

2

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment No. 2 to the Contract as of the day and year first above written. 

	CONTRACTOR	 	 	 	 
	
Space Systems/Loral, Inc.	
 	

 	

 	

 
	

By:	

/s/ R.A. HALEY
	
 	

 	

 	

 
	 	Name:	R.A. HALEY	 	 	 	 
	 	Title:	Senior Vice President &

Chief Financial Officer	 	 	 	 
	
PURCHASER:	
 	

 	

 	

 
	
Globalstar, Inc.	
 	

Globalstar LLC
	

By:	

/s/ PAUL ROSATI
	
 	

By:	

/s/ PAUL ROSATI

	 	Name:	PAUL ROSATI	 	 	Name:	PAUL ROSATI
	 	Title:	Contracts Manager	 	 	Title:	Contracts Manager

3

 
 
 

EXHIBIT B REVISION 2    

 
 

CONTRACTOR'S SCHEDULE OF RATES FOR
  
    THE PERIOD JUNE 1, 2006 THROUGH MAY 31, 2007
  
    (as applicable)    
    

	Title
 
	 	Rate/Hour

	Engineer	 	$	[*]
	Senior Engineer	 	$	[*]
	Engineering Specialist	 	$	[*]
	Technician	 	$	[*]
	Administrative Support	 	$	[*]
	Management	 	$	[*]

4

QuickLinks

Exhibit 10.15

MASTER AGREEMENT between GLOBALSTAR LLC And SPACE SYSTEMS/LORAL, INC. for PROFESSIONAL SERVICES

TABLE OF CONTENTS

Article 1. Definition of Terms

Article 2. Master Agreement/Term of Agreement

Article 3. Price

Article 4. Scope of Agreement

Article 5. Invoices and Payments

Article 6. Independent Contractor

Article 7. Taxes

Article 8. Records and Audits

Article 9. Termination

Article 10. Indemnification

Article 11. Insurance

Article 12. Deliverables, Title and Acceptance

Article 13. Disclosure and Handling of Proprietary Information

Article 14. Assignment and Delegation

Article 15. Notices

Article 16. Compliance with Laws

Article 17. Waivers and Amendments

Article 18. Order of Precedence

Article 19. Governing Law

Article 20. Severability

Article 21. Survival

Article 22. Entire Agreement

Article 23. No Solicitation of Employment

Article 24. Force Majeure

Article 25. Dispute Resolution

Article 26. Export Control

Article 27. Limitation of Liability

Article 28. Warranty

EXHIBIT A—TASK ORDER FOR PROFESSIONAL SERVICES

EXHIBIT B—CONTRACTOR'S SCHEDULE OF RATES (as applicable)

AMENDMENT NUMBER 2 TO THE MASTER AGREEMENT BETWEEN GLOBALSTAR, INC. AND SPACE SYSTEMS/LORAL, INC. FOR PROFESSIONAL SERVICES

EXHIBIT B REVISION 2

CONTRACTOR'S SCHEDULE OF RATES FOR THE PERIOD JUNE 1, 2006 THROUGH MAY 31, 2007 (as applicable)

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