Document:

Exhibit

EXECUTION VERSION

AMENDMENT N° 31

TO THE

FULL SCALE SYSTEM DEVELOPMENT CONTRACT

No. IS-10-021

Between

IRIDIUM SATELLITE LLC

And

THALES ALENIA SPACE FRANCE

for the

IRIDIUM NEXT SYSTEM

PREAMBLE

This Amendment N° 31 (“Amendment N° 31” or the “Amendment”) to the Full Scale System Development Contract No. IS-10-021 signed on June 1, 2010 between Iridium Satellite LLC and Thales Alenia Space France for the Iridium NEXT System, as amended, (the “Contract”) is entered into on this 30th day of October 2017 by and between Thales Alenia Space France, a company organized and existing under the laws of France, having its registered office at 26 avenue Jean François Champollion 31100 Toulouse – FRANCE (“Contractor”), and Iridium Satellite LLC, a limited liability company organized under the laws of Delaware, having an office at 1750 Tysons Boulevard, Suite 1400, McLean, VA 22102 - USA (“Purchaser”).

RECITALS

WHEREAS, the Parties desire to replace the form of Bill of Exchange attached in Exhibit A of Amendment N°29 to the Contract (to be inserted as Exhibit 5.2 to the Contract) dated July 26th, 2017 with a new agreed form.

NOW, THEREFORE, in consideration of the premises and for good and valuable consideration, the receipt and adequacy of which are hereby expressly acknowledged, and intending to be legally bound, the Parties hereby agree as follows:

Article 1:  Capitalized terms used but not defined in this Amendment shall have the meanings ascribed thereto in the Contract or any amendments thereto, as the case may be.

Article 2:  Exhibit A of Amendment N° 29 to the Contract is replaced by Exhibit A attached to the present Amendment.

Article 3:  The effective date of this Amendment shall be the date of execution of the Amendment by both Parties.

Article 4:  This Amendment may be executed and delivered (including via facsimile or other electronic means) in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement.

Article 5:  All other provisions of the Contract not expressly referred to in this Amendment remain in full force and effect.

[The remainder of this page is left blank.]

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

IRIDIUM SATELLITE LLC                THALES ALENIA SPACE FRANCE

/s/ S. Scott Smith                    /s/ Bertrand Maureau
                                                
S. Scott Smith                        Bertrand Maureau 
Chief Operating Officer                Executive Vice President Telecom
          

Exhibit A to Amendment N° 31

EXHIBIT 5.2

BILL OF EXCHANGE (LETTRE DE CHANGE)
Stipulated without fee (stipulée sans frais)

Please pay upon presentation of this bill of exchange to THALÈS ALENIA SPACE FRANCE [specify corporate details of TAS] (the “Beneficiary” (Bénéficiaire)), or at its order, the sum of USD [amount in letter corresponding to aggregate of principal and interest for the relevant Deferred Milestone under Amendment 29] (the “Face Value” [__]).  Payment of this bill of exchange on the Maturity Date must only be requested in the form of, and made in accordance with, a payment request submitted by the Beneficiary substantially in the form attached to this bill of exchange (a “Payment Request”).  A Payment Request will only be considered to be “substantially” in the form attached to this bill of exchange if any changes made to that form are necessary to indicate amounts, dates and other details specifically required to be inserted where indicated in the form of payment request attached hereto, and disregarding any formatting changes. 

The Beneficiary shall not be entitled to request or be paid any sum under this bill of exchange exceeding the Face Value.  Upon receipt of payment under or in relation to this bill of exchange (including any payment out of the TAS Controlled Account), the Beneficiary must immediately apply such amount in discharge of the liabilities of the Drawee (Tiré) under this bill of exchange and state on this bill of exchange that such payment has been made, acknowledging release (quittance) of this obligation in writing, to the extent of the amount so paid in discharge of the liabilities under this bill of exchange.

Identity of the Drawee (Tiré): Iridium Satellite LLC, a limited liability company organized under the laws of Delaware, having an office at 1750 Tysons Boulevard, Suite 1400, McLean, VA 22102 - USA.

Maturity Date: 31 March 2019, provided that if such date would fall on a day which is not a Business Day, such date shall fall on the next following Business Day (unless such next following Business Day is the first Business Day of a calendar month, in which case such date shall fall on the Business Day next preceding such numerically corresponding day).  Business Day means a day (other than a Saturday or Sunday) on which banks and trust institutions are open for general business in London, Paris and New York.

TAS Controlled Account means (a) the account held in the name of the Drawee (Tiré) with Capital One, National Association, with the account name “Thales Restricted Account” having account number [1361297055], ABA No [l] and Swift No [l]; (b) any replacement or reinstatement of any such account whether by savings account or deposit account; and (c) all funds in such accounts.

Domiciliation: CAPITAL ONE, NATIONAL ASSOCIATION, 1680 Capital One Drive, McLean VA 22102 – USA

Date and place of creation: [specify the issuing date and issuing place].

Endorsement (endossement)
This bill of exchange cannot be endorsed or transferred to any person unless such person is approved in writing by the Drawee and Société Générale as the BPIAE Agent (such approval being evidenced by an executed copy of the letter addressed by the Drawee and the BPIAE Agent to the transferor and the transferee, in the form as attached to this bill of exchange (lettre de change)).  Any assignment or other transfer not in accordance with the foregoing shall be void. Without prejudice to the foregoing, this bill of exchange (lettre de change) may in any event be endorsed to Bpifrance Assurance Export. 

Amendment
This bill of exchange (including its attachments) cannot be amended unless such amendment is approved in writing by the Beneficiary, the Drawee and Société Générale as the BPIAE Agent.

Governing law
This bill of exchange (lettre de change) and any non-contractual obligations arising out of or in connection with them are governed by French law.

Jurisdiction
Any dispute in relation with this bill of exchange (lettre de change) shall be submitted to the exclusive jurisdiction of the Commercial Court of Paris (Tribunal de commerce de Paris), without prejudice to the beneficiary’s or holder's right to bring action before the courts in whose jurisdiction the issuer's related assets would be located.

	
		
	DRAWER (TIREUR)

_____________________
[Signature of the representative of Thalès Alenia Space France]

THALÈS ALENIA SPACE FRANCE
As Drawer (Tireur)
By [name of the representative of Thalès Alenia Space France
	ACCEPTED BY IRIDIUM SATELLITE LLC

_____________________
[Signature of the representative of Iridium Satellite LLC]

IRIDIUM SATELLITE LLC
By [name of the representative of Iridium Satellite LLC]

Attachment

[notification of approval of endorsement]

[form of payment request]

NOTIFICATION OF APPROVAL OF ENDORSEMENT

		
	From:
	Iridium Satellite LLC and [Société Générale] (the BPIAE Agent)

		
	To: 
	[THALÈS ALENIA SPACE FRANCE] as transferee and [[***]] as transferor.

[Date]
1.By registered letter with recorded delivery 
Dear Sirs,
We refer to the bill of exchange (lettre de change) dated [l] 2017 against Iridium Satellite LLC as drawee (tiré) [a copy of which is attached hereto].
We hereby confirm that we approve the endorsement (endossement) of the bill of exchange to the benefit of [[***]].
Yours sincerely,

	
			
	________________________
	 
	________________________

	Iridium Satellite LLC
	 
	Société Générale

	The Drawee
	 
	The BPIAE Agent

*** Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.Exhibit

AMENDMENT NO. 7

TO THE 

CONTRACT FOR LAUNCH SERVICES

NO. IS-10-008

BETWEEN

IRIDIUM SATELLITE LLC

AND

SPACE EXPLORATION TECHNOLOGIES CORP.

    

PREAMBLE

This Amendment No. 7 (the “Amendment”) to the Contract for Launch Services No. IS-10-008, signed on March 19, 2010 between Iridium Satellite LLC and Space Exploration Technologies Corp. (the “Contract”) is entered into on this 13th day of October, 2017, by and between Iridium Satellite LLC, a limited liability company organized and existing under the laws of Delaware, having its office at 1750 Tysons Boulevard, Suite 1400, McLean, VA 22102 (“Customer”) and Space Exploration Technologies Corp., a Delaware corporation, having its office at 1 Rocket Road, Hawthorne, CA 90250 (“Contractor”). 

RECITALS

WHEREAS, Contractor has offered Customer the possibility of utilizing certain Pre-Flown Hardware (as defined herein) to perform the fourth (4th) and fifth (5th) Firm Launches at a reduced Launch Service Price; and

WHEREAS, Customer desires Contractor to perform the fourth (4th) and fifth (5th) Firm Launches under the Contract utilizing such Pre-Flown Hardware (as defined herein); and

 WHEREAS, As consideration for Customer’s agreement use the Pre-Flown Hardware, Contractor agrees to reduce the Launch Service Price for each of the fourth (4th) and fifth (5th) Firm Launches by [***] Dollars ($[***]).

NOW, THEREFORE, in consideration of the foregoing, the agreements contained herein, the payments to be made by Customer to Contractor under the Contract and other good and valid consideration, the receipt and adequacy of which are hereby expressly acknowledged, and intending to be legally bound, the Parties agree as follows:

Article 1:  Capitalized terms used but not defined in this Amendment shall have the meanings ascribed thereto in the Contract.  

Article 2:  Article 1 of the Agreement is hereby amended the addition of the following definition.

“Pre-Flown Hardware means first (1st) stage boosters of the Launch Vehicle and/or parts and components thereof that have been previously utilized by Contractor [***], to perform launch services for Contractor or one or more of Contractor’s customers and have been qualified for use by Contractor in accordance with Contractor’s standard hardware qualification methodologies.” 

Article 3:    Article 2 of the Contract is hereby amended by adding the following Section 2.6.

“2.6    Subject to Section 11.1.2(D), Contractor shall use Pre-Flown Hardware for the fourth (4th) and fifth (5th) Firm Launches.”

Article 4:    Article 11 of the Contract is hereby amended by the addition of the following Sections 11.1.2 (D), (E) and (F).

“(D)    The Launch Vehicle, utilizing Pre-Flown Hardware, shall be flight proven through a minimum of [***] to orbit, the last of which must be accomplished at least [***] days prior to the start of the launch campaign for the fourth (4th) Firm Launch.

(E)    Contractor shall cooperate in good faith with Customer to resolve any reasonable question or concern Customer may have related to the qualification of the Pre-Flown Hardware to the used on the fourth (4th) or fifth (5th) Firm Launch. 

(F)    If Contractor is unable to meet the requirements set forth in Section 11.1.2(D) or the fourth (4th) Firm Launch using Pre-Flown Hardware is not successful, Customer, in its sole discretion, may direct Contractor to use a new first (1st) stage booster for each of the fourth (4th) and/or fifth (5th) Firm Launch, or in the case of an unsuccessful fourth (4th) Firm Launch, the fifth (5th) Firm Launch, provided that Customer shall pay to Contractor the amount of [***] Dollars ($[***]) for each Firm Launch for which Pre-Flown Hardware is replaced with a new first (1st) stage booster, with such $[***] paid ratably over remaining recurring payment milestones for each Firm Launch for which Pre-Flown Hardware is replaced with a new first (1st) stage booster; and provided further that any delays resulting from such direction by Customer to use a new first (1st) stage booster shall be deemed Contractor No-Cost Adjustments to schedule.”

Article 5:    Article 15 of the Contract is hereby amended by the addition of the following Section 15.8.

“15.8    Assistance With Insurance Related To Pre-Flown Hardware.  If Contractor’s use of Pre-Flown Hardware to perform the  fourth (4th) and/or fifth (5th) Firm Launch directly results in an increase to Customer’s related Launch and In Orbit Insurance costs, Contractor shall provide [***] assistance to minimize the increase to Customer’s insurance costs.”

Article 6:    Table C-2 set forth in Appendix C of the SOW is hereby amended by adding the following Milestone Success Criteria to [***] for the fourth (4th) and fifth (5th) Firm Launches.

“[***]”  
 
Article 7:    Table C-2 set forth in Appendix C of the SOW is hereby modified by adding the following event directly to the end of the [***] activities set forth in [***] solely for the fourth (4th) and fifth (5th) Firm Launches.

“[***]”

Article 8:    The [***] Milestone Payments 11 through 16 applicable to the fourth (4th) Firm Launch set forth in Exhibit C Table C.2 of the Contract for act are hereby deleted and replaced in their entirety with the following Milestone Payments. 

[***]

Article 9:    The [***] Milestone Payments 11 through 16 applicable to the fifth (5th) Firm Launch set forth in Exhibit C Table C.3 of the Contract are hereby deleted and replaced in their entirety with the following Milestone Payments.

[***]

Article 10:    This Amendment may be executed and delivered (including via facsimile or other electronic means) in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement.

Article 11:    Section 3.4 of the Contract ([***]) shall not be applicable with respect to the fourth (4th) and/or fifth (5th) Firm Launch as amended by this Amendment. All other provisions of the Contract not expressly referred to in this Amendment remain in full force and effect.

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

	
					
	IRIDIUM SATELLITE LLC
	 
	SPACE EXPLORATION
TECHNOLOGIES CORP.

	Signature:
	/s/ S. Scott Smith
	

	Signature:
	/s/ Gwynne Shotwell

	 
	 
	 
	 
	 

	Name:
	S. Scott Smith
	 
	Name:
	Gwynne Shotwell

	Title:
	Chief Operating Officer
	 
	Title:
	President

*** Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
Execution Copy        Iridium & Space Exploration Technologies Corp. Proprietary Information

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