Document:

Employment Agreement

 Exhibit 10.6.11 
 EMPLOYMENT AGREEMENT 
 EMPLOYMENT AGREEMENT dated as of September 18, 2006, by and between
Dividend Capital Trust Inc. with its principal place of business at 518 Seventeenth Street, Suite 1700, Denver, Colorado 80202 (the “Company”), Dividend Capital Advisors Group LLC (the “Advisor”) (but only as to Exhibit A (and
the last sentence of Section 2)) and Stuart B. Brown, residing at the address set forth on the signature page hereof (the “Executive”). 
 WHEREAS, the Company wishes to employ the Executive, and the Executive wishes to accept such offer, on the terms set forth below. 
 Accordingly, the parties hereto agree as follows: 
 1. Term. The Company hereby employs the Executive,
and the Executive hereby accepts such employment, for an initial term commencing as of the date (the “Closing Date”) of the closing (the “Closing”) of the initial contribution transactions contemplated by a Contribution Agreement
as may be executed between the Company, Dividend Capital Operating Partnership, LP and the Advisor (among possible others), as it may, from time to time, be amended, superseded or replaced (the “Contribution Agreement”) and continuing for
a three-year period, unless sooner terminated in accordance with the provisions of Section 4 or Section 5 (the period during which the Executive is employed hereunder being hereinafter referred to as the “Term”). On the third
anniversary of the date hereof, the Term shall automatically be extended for successive one-year periods in accordance with the terms of this Agreement (subject to termination as aforesaid) unless either party notifies the other party of non-renewal
in writing, in accordance with Section 7.4, at least 90 days prior to the expiration of the initial three-year period or any subsequent renewal period. Notwithstanding the foregoing or any other provision hereof, the Term shall not commence and
the Executive shall not be or ever become an employee of the Company if the Arrangement (as defined in Exhibit A) has terminated (for any reason or for no reason, and regardless of 

 
the party initiating or otherwise causing the termination) at or before the time of the Closing. In the event that the Contribution Agreement is not executed
on or before March 31, 2007, or such later date as may be agreed by the parties hereto in writing, either party may elect to render this Agreement void ab initio during the 30-day period immediately following March 31, 2007, or such later
date as may be agreed by the parties hereto in writing. 
 2. Duties. During the Term, the Executive shall be employed by the Company
as Chief Financial Officer of the Company, and, as such, the Executive shall faithfully perform for the Company the duties of such office and shall perform such other duties of an executive, managerial or administrative nature, which are consistent
with such office, as shall be specified and designated from time to time by the Board of Directors of the Company (the “Board”) or the Chief Executive Officer. The Executive shall devote substantially all of his business time and effort to
the performance of his duties hereunder; provided, however, that the Executive may engage in civic or charitable activities, provided that such activities do not interfere with the Executive’s performance of his duties hereunder or violate this
Agreement. The Executive shall be based in the Denver, Colorado metropolitan area. The Executive shall also perform consulting services as provided in Exhibit A, which is hereby incorporated herein by reference as though set forth in full herein.

 3. Compensation. 
 3.1
Salary. The Company shall pay the Executive during the Term a salary at the rate of $250,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of the Company applicable to senior executives (but, in
no event, less frequently than monthly). The Board, or committee thereof, may provide for such increases in Annual Salary as it may in its discretion deem appropriate; provided that in no event shall the Annual Salary be decreased. 
 3.2 Bonus. During the Term, in addition to the Annual Salary, for each fiscal year of the Company ending during the Term, the Executive shall be
eligible to receive a target cash bonus of $200,000 based on a Bonus Formula (as defined in the Company’s 2006 Incentive Compensation Plan). For 2006, the Executive shall be entitled to a prorated portion of a minimum annual guaranteed bonus of

  

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$200,000. For 2007, the Executive shall be entitled to a minimum guaranteed bonus of $160,000. The Company may, in its discretion, provide for the payment of
higher bonuses where targets are exceeded. The Company agrees that neither the terms of the Company’s 2006 Incentive Compensation Plan nor the terms of any award agreements pursuant to which any award under the Company’s 2006 Incentive
Compensation Plan is made will contain any provision that would be in violation of this Agreement. 
 3.3 Long-Term Incentive Award.
During the Term, in addition to the Annual Salary and cash bonus, the Executive shall be eligible to participate in the Company’s 2006 Long-Term Incentive Plan (the “LTIP”) or other equity-based plan as in effect from time to time
that is materially comparable in the aggregate to the LTIP, under which the Executive shall be entitled to receive an award with an aggregate annual target value of $250,000, which shall vest subject to the achievement of pre-established
performance-related goals, and otherwise be subject to such plan and definitive documentation governing the award. The 2007 grant under the LTIP will be made in February 2007 and will have a value of $250,000. Equity awards granted in 2007 and
thereafter shall vest in equal annual installments of from four to five years. The vesting period for any grant made in 2007, 2008 and 2009 will begin on January 1 of such year; provided, however, that, for the grant made in 2007, credit will
be given for the length of Executive’s service in 2006 following the Closing Date towards the vesting period. Any grants which are financially equivalent to restricted stock (e.g. restricted stock units or phantom units) shall be accompanied by
the grant of dividend equivalent rights. The Company agrees that neither the terms of the LTIP nor the terms of any award agreements pursuant to which any award under the LTIP is made will contain any provision that would be in violation of this
Agreement. If at or about the time of a particular grant to the Executive under this Section 3.3 a program of grants under the LTIP for senior executives generally is being implemented on terms and conditions (but, for the avoidance of doubt,
not in respect of the amount of the grant) more favorable than those which would be required under this Agreement, then such particular grant shall be on terms and conditions (but, for the avoidance of doubt, not in respect of the amount of the
grant) which are no less favorable than those applicable in respect of such program. 
  

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 3.4 Signing Bonus. As of the first day of the Term, the Executive shall receive (i) a $35,000
cash bonus and (ii) under the LTIP, 51,111 restricted shares of common stock of the Company (or equivalent full-value awards and including either dividend rights or dividend equivalent rights). The shares shall vest 25% on the third anniversary
of the first day of the Term (the “Start Date”), an additional 25% shall vest on the fourth anniversary of the Start Date, and the remaining 50% shall vest on the fifth anniversary of the Start Date, and will otherwise be subject to the
LTIP and the definitive documentation governing the grant. 
 3.5 Benefits - In General. Except with respect to benefits of a type
otherwise provided for under Section 3.6, the Executive shall be entitled during the Term to participate in any group life, hospitalization or disability insurance plans, health programs, retirement plans, fringe benefit programs and similar
benefits that are available to other senior executives of the Company generally, on the same terms as such other executives, in each case to the extent that the Executive is eligible under the terms of such plans or programs. 
 3.6 Specific Benefits. Without limiting the generality of Section 3.5, the Company shall make available to the Executive vacation of four
weeks per year, which vacation days may accrue subject to the Company policy regarding vacation accruals. In addition, the Executive shall be entitled to reimbursement for all reasonable moving and relocation expenses directly related to the
Executive’s relocation to the Denver, Colorado area, and the broker’s fee upon the sale of the Executive’s current home, and a gross-up for taxes with respect to such moving and relocation expenses and broker’s fee, and the
commuting expenses referred to in Section 3.7. The Company shall provide the Executive with reasonable allowance for housing for a period ending on the earlier of (x) the closing date upon which the Executive acquires a permanent residence
in the Denver, Colorado area and his family moves into such residence, and (y) the date that is six months after the Start Date. 
 3.7
Expenses. The Company shall pay or reimburse the Executive for all ordinary and reasonable out-of-pocket expenses actually incurred (and, in the case of reimbursement, paid) by the Executive during the Term in the performance of the
Executive’s services under this Agreement 

  

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(including, without limitation, with respect to use of a mobile phone, use of a blackberry, and entertainment costs); provided that the Executive submits
reasonable proof of such expenses within the period provided by the Company for expense reimbursements to its senior executives generally, with the properly completed forms as prescribed from time to time by the Company. In addition, the Executive
shall be entitled to reasonable reimbursement for travel, according to the Company’s policy (which provides for coach class airfare and reimbursement for upgrades), including commuting costs prior to the relocation of the Executive’s
family to Denver, Colorado for a period that is to end no later than the date that is six months after the Start Date. 
 3.8
Indemnification and Directors and Officers Liability Insurance. The Executive shall be indemnified, and shall have his legal expenses in connection with regulatory or other legal proceedings advanced to him, by the Company in connection with
his performance of services hereunder, if and as applicable, on terms and conditions no less favorable to the Executive than those that apply to any other senior executives of the Company. The Company shall cause the Executive to be covered by
directors and officers liability insurance with such coverage to be no less favorable to him than the coverage then being provided to any other senior executive of the Company. 
 3.9 Certain Additional Payments by the Company. If all, or any portion, of the payments provided under this Agreement, either alone or together
with other payments and benefits which the Executive receives or is entitled to receive from the Company or an affiliate, would constitute an excess “parachute payment” within the meaning of Section 280G of the Internal Revenue Code
of 1986, as amended (whether or not under an existing plan, arrangement or other agreement) (each such parachute payment, a “Parachute Payment”), and would result in the imposition on the Executive of an excise tax under Section 4999
of the Internal Revenue Code of 1986, as amended, then, in addition to any other benefits to which the Executive is entitled under this Agreement, the Executive shall be paid by the Company an amount in cash equal to the sum of the excise taxes
payable by the Executive by reason of receiving Parachute Payments (including any penalties and interest for underpayments) plus the amount necessary to put the Executive in the same after-tax position (taking into account any and all applicable

  

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federal, state and local excise, income or other taxes at the highest possible applicable rates on such Parachute Payments (including without limitation any
payments under this Section 3.9) as if no excise taxes had been imposed with respect to Parachute Payments). Except as may otherwise be agreed to by the Company and the Executive, the amount or amounts (if any) payable under this
Section 3.9 shall be conclusively determined (for purposes of the payment of the gross up amount and the filing of the Executive’s income tax return, but subject to the provisions below) by an independent accounting firm of national
reputation selected by the Company with the consent of the Executive (which shall not be unreasonably withheld). Notwithstanding the foregoing, in the event that the Internal Revenue Service assesses a deficiency against the executive for a greater
amount of excise tax (and other related payments to the Internal Revenue Service, as contemplated above), then the Company shall within five business days thereafter either assume the defense of such deficiency or pay the additional amounts;
provided that (i) the Executive shall not initiate any proceeding or other contests regarding these matters, other than at the direction of the Company, and shall provide notice to the Company of any proceeding or other contest regarding these
matters initiated by the Internal Revenue Service, and (ii) the Company shall be entitled to direct and control all such proceeding and other contests, if it commits to and does pay all costs (including without limitation legal and other
professional fees) associated therewith. If there is an overpayment of excise tax (and related payments), the Executive within five business days after receiving a refund shall pay over the amount refunded to the Company. 
 4. Termination upon Death or Disability. If the Executive dies during the Term, the Term shall terminate as of the date of death, and the
obligations of the Company under this Agreement to or with respect to the Executive shall terminate in their entirety upon such date except as otherwise provided under this Section 4. If the Executive becomes disabled by virtue of ill health or
other disability and is unable to perform substantially and continuously the duties assigned to him for more than 180 consecutive or non-consecutive days out of any consecutive 12-month period in the reasonable opinion of a qualified physician
chosen by the Company and reasonably acceptable to the Executive (the foregoing circumstance being referred to below as a “Disability”), the Company shall have the right, to the extent 

  

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permitted by law, to terminate the employment of the Executive upon notice in writing to the Executive. Upon termination of employment due to death or
disability, (i) the Executive (or the Executive’s estate or beneficiaries in the case of the death of the Executive) shall be entitled to receive (A) any Annual Salary, bonus and other benefits earned and accrued under this Agreement
prior to the date of termination (and reimbursement under this Agreement for expenses incurred prior to the date of termination), (B) a cash payment equal to (I) the target bonus for the year of termination multiplied by (II) a fraction
(x) the numerator of which is the number of days in the year up to the termination and (y) the denominator of which is 365, and (C) elimination of any exclusively time-based vesting conditions (but not performance conditions (which do
not relate specifically to the performance of the Executive himself), which shall remain in effect) on any restricted stock, stock options and other equity awards, (ii) Section 3.8 shall apply in accordance with its terms and
(iii) the Executive (or, in the case of his death, his estate and beneficiaries) shall have no further rights to any other compensation or benefits hereunder on or after the termination of employment, or any other rights hereunder. By way of
illustration (but not limitation) of the manner in which clause (i)(C) of the preceding sentence operates, if the Executive were to hold an equity award with a five-year performance-based vesting condition, where the Executive would also need to
remain employed during such period, and the Executive’s employment were to terminate in the fourth year of the vesting period due to his death or disability, then, so long as the performance measures are met at the end of the five-year
performance period, the Executive or his estate would be entitled to payments as though he had remained employed (and, if the performance measures are not met at the end of the five-year performance period, the award is thereupon forfeited).

 5. Certain Terminations of Employment. 
 5.1 Termination by the Company for Cause; Termination by the Executive without Good Reason. 
 (a) For
purposes of this Agreement, “Cause” shall mean the Executive’s: 
  

	 	(i)	conviction of a felony (other than a traffic violation), a crime of moral turpitude, or any financial crime involving the Company; a willful act of dishonesty, breach of trust or
unethical business conduct in connection with the business of the Company that has a material detrimental impact on the Company; 

  

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	 	(ii)	the commission of fraud, misappropriation or embezzlement against the Company; any act or omission in the performance of his duties hereunder that constitutes willful misconduct,
willful neglect or gross neglect, in any such case if such action or omission is either material or repeated; 

  

	 	(iii)	repeated failure to use reasonable efforts in all material respects to adhere to the directions of the Board or the Chief Executive Officer, or the Company’s policies and
practices, after his being informed that he is not so adhering; 

  

	 	(iv)	willful failure to substantially perform his duties properly assigned to him (other than any such failure resulting from his Disability); 

  

	 	(v)	breach of any of the provisions of Section 6; or 

  

	 	(vi)	breach in any material respect of the terms and provisions of this Agreement and failure to cure such breach within 10 days following written notice from the Company specifying such
breach; 

 provided that the Company shall not be permitted to terminate the Executive for Cause except on written notice given to the
Executive at any time following the occurrence of any of the events described in clause (i), (ii) or (v) above and on written notice given to the Executive at any time not more than 30 days following the occurrence of any of the events
described in clause (iii), (iv) or (vi) above (or, if later, the Company’s knowledge thereof). 
 (b) The Company may
terminate the Executive’s employment hereunder for Cause, and the Executive may terminate his employment hereunder for any or no reason on at least 30 days’ and not more than 60 days’ written notice given to the Company. If the
Company terminates the Executive for Cause, or if the Executive terminates his employment and the termination by the Executive is not covered by Section 5.2, then (i) the Executive shall be entitled to receive any Annual Salary and other
benefits earned and accrued under this Agreement prior to the date of termination of employment (and reimbursement under this Agreement for expenses incurred prior to the date of termination of employment); (ii) Section 3.8 shall apply in
accordance with its terms; and (iii) the Executive (except as may be provided in Section 5.1(c)) shall have no further rights to any other compensation or benefits hereunder on or after the termination of employment, or any other rights
hereunder. 
  

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 (c) If the Company does not become listed on a national securities exchange or market within 24 months
after the first day of the Term, then if the Executive terminates his employment without Good Reason no later than 27 months after the first day of the Term, the Company shall pay the Executive, in addition to the other payments and benefits he is
entitled to hereunder, $250,000 no later than 30 days after such termination. 
 5.2 Termination by the Company without Cause; Termination
by the Executive for Good Reason. 
 (a) For purposes of this Agreement, “Good Reason” shall mean, unless otherwise consented to
in writing by the Executive, 
  

	 	(i)	the material reduction of the Executive’s authority, duties and responsibilities, or the assignment to the Executive of duties materially inconsistent with the Executive’s
position or positions with the Company, as specified in Section 2 or the change in the Executive’s title to any position other than Chief Financial Officer; provided that it will be considered a material reduction in duties and
responsibilities if after the date hereof there is a Change of Control or reorganization of the Company and, as a result thereof, the Company, any acquirer thereof or successor thereto or any new holding company or parent is established thereover,
which controls the Company, is not listed on a national securities exchange or market, or such acquirer, successor or holding company, or parent is so listed but the Executive is not the Chief Financial Officer of the listed company;

  

	 	(ii)	a reduction in the Annual Salary of the Executive, or a reduction in the target bonus or target LTIP award applicable to the Executive (except for a material reduction in target
bonus or target LTIP award that is part of a Company program to reduce “general and administrative” expenses due to business conditions which reduction is applied to other senior officers generally; provided that such reduction is before
the occurrence of a Change in Control (as defined below)); 

  

	 	(iii)	the relocation of the Executive’s office to more than 30 miles from Denver, Colorado; 

  

	 	(iv)	the Company does not adopt by March 31, 2007, or the shareholders do not approve by March 31, 2007, both the 2006 Incentive Compensation Plan and the LTIP, in
substantially the same form as such plans have been presented to the Executive prior to the date of this Agreement, or with changes that are not adverse to the interests of the Executive; or 

  

	 	(v)	any material breach by the Company of any provision of this Agreement. 

  

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 Notwithstanding the foregoing, (i) Good Reason (A) shall not be deemed to exist unless the Executive gives to
the Company a written notice identifying the event or condition purportedly giving rise to Good Reason expressly referencing this Section 5.2(a) within 45 days after the time at which the event or condition first occurs or arises (or, if later,
was discovered or should have been discovered by the Executive) and (B) shall not be deemed to exist at any time at which there exists an event or condition which could serve as the basis of a termination of the Executive’s employment for
Cause; and (ii) if there exists (without regard to the following clause (ii)(A)) an event or condition that constitutes Good Reason, (A) the Company shall have 45 days from the date notice of Good Reason is given to cure such event or
condition and, if the Company does so, such event or condition shall not constitute Good Reason hereunder; and (B) if the Company does not cure such event or condition within such 45-day period, the Executive shall have one business day
thereafter to give the Company notice of termination of employment on account thereof (specifying a termination date no later than 10 days from the date of such notice of termination). 
 (b) The Company may terminate the Executive’s employment at any time for any reason or no reason upon notice to the Executive and the Executive may
terminate the Executive’s employment with the Company for Good Reason upon notice to the Company. If the Company terminates the Executive’s employment and the termination is not covered by Section 4 or 5.1, or the Executive terminates
his employment for Good Reason, (i) the Company shall pay to the Executive Annual Salary, bonus and other benefits earned and accrued under this Agreement prior to the termination of employment (and reimbursement under this Agreement for
expenses incurred prior to the termination of employment); (ii) if (and only if) the Executive provides a general release in a form reasonably acceptable to the Company, which does not require the release of any payment rights under this
Section 5.2(b) or under Section 3.8, and which is or has become irrevocable, the Company shall pay or provide to the Executive (A) the greater of (x) the annual aggregate cash compensation for the year of termination and
(y) the actual annual cash compensation for the year (with respect to which bonuses are determined) prior to the year of termination, (B) a cash payment equal to (I) the target bonus for the year of 

  

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termination multiplied by (II) a fraction (x) the numerator of which is the number of days in the year up to the termination and (y) the
denominator of which is 365 and (C) for a period of one year after termination of employment, such continuing coverage under the group health plans the Executive would have received under this Agreement (and at such costs to the Executive) as
would have applied in the absence of such termination (but not taking into account any post-termination increases in Annual Salary that may otherwise have occurred without regard to such termination and that may have favorably affected such
benefits); (iii) the Executive shall be entitled to elimination of any vesting conditions on any grant under the LTIP or any other grant of restricted stock, stock options or other equity awards; (iv) any accrued or paid but not reimbursed
costs related to the Executive’s relocation; (v) Section 3.8 shall apply in accordance with its terms; and (vi) the Executive shall have no further rights to any other compensation or benefits hereunder on or after the
termination of employment, or any other rights hereunder. The payments under clauses (i), (ii)(A), (ii)(B) and (iv) of the second sentence of this Section 5.2(b) shall be made in a single lump sum within five business days after
termination, or, if later, upon the satisfaction of all applicable release requirements as specified above. 
 (c) Notwithstanding clause
(ii)(C) of the second sentence of Section 5.2(b), (i) nothing herein shall restrict the ability of the Company to amend or terminate the plans and programs referred to in such clause (ii)(C) from time to time in its sole discretion, and
(ii) the Company shall in no event be required to provide any benefits otherwise required by such clause (ii)(C) after such time as the Executive becomes entitled to receive benefits of the same type from another employer or recipient of the
Executive’s services (such entitlement being determined without regard to any individual waivers or other similar arrangements). 
 5.3
Change in Control. Without duplication of the foregoing, upon a Change in Control (as defined below) while the Executive is employed, then, without limiting the payments and benefits to which the Executive may be entitled under
Section 5.2 in accordance with its terms (but without duplication thereof), all outstanding unvested grants under the LTIP or any other grant of restricted stock, stock options or other equity awards shall fully vest and shall become
immediately exercisable, as 

  

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applicable. For purposes of this Agreement, “Change in Control” shall mean the happening of any of the following: 
  

	 	(i)	any “person,” including a “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities and Exchange Act of 1934 (the “Exchange Act”),
but excluding the Company, any entity controlling, controlled by or under common control with the Company, any trustee, fiduciary or other person or entity holding securities under any employee benefit plan or trust of the Company or any such
entity, and the Executive and any “group” (as such term is used in Section 13(d)(3) of the Exchange Act) of which the Executive is a member), is or becomes the “beneficial owner” (as defined in Rule 13(d)(3) under the
Exchange Act), directly or indirectly, of securities of the Company representing 30% or more of either (A) the combined voting power of the Company’s then outstanding securities or (B) the then outstanding shares of common stock of
the Company (in either such case other than as a result of an acquisition of securities directly from the Company); or 

  

	 	(ii)	any consolidation or merger of the Company where the shareholders of the Company, immediately prior to the consolidation or merger, would not, immediately after the consolidation or
merger, beneficially own (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, shares representing in the aggregate 50% or more of the combined voting power of the securities of the corporation issuing cash or
securities in the consolidation or merger (or of its ultimate parent corporation, if any); or 

  

	 	(iii)	there shall occur (A) any sale, lease, exchange or other transfer (in one transaction or a series of transactions contemplated or arranged by any party as a single plan) of all
or substantially all of the assets of the Company, other than a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, at least 50% of the combined voting power of the voting securities of which are
owned by “persons” (as defined above) in substantially the same proportion as their ownership of the Company immediately prior to such sale or (B) the approval by shareholders of the Company of any plan or proposal for the liquidation
or dissolution of the Company; or 

  

	 	(iv)	the members of the Board at the beginning of any consecutive 24-calendar-month period (with the first 24-month period to commence on the Closing Date) (the “Incumbent
Directors”) cease for any reason other than due to death to constitute at least a majority of the members of the Board; provided that any director whose election, or nomination for election by the Company’s shareholders, was approved or
ratified by a vote of at least a majority of the members of the Board then still in office who were members of the Board at the beginning of such 24-calendar-month period, shall be deemed to be an Incumbent Director. 

  

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 Notwithstanding the foregoing, in no event will a “Change in Control” be deemed to have
occurred by virtue of (i) the closing of the transactions contemplated by the Contribution Agreement (including subsequent underwritten transactions) or (ii) the occurrence of any subsequent initial public offering of the Company.

 6. Covenants of the Executive. 
 6.1 Covenant Against Competition; Other Covenants. The Executive acknowledges that (i) the principal business of the Company (which, for purposes of this Section 6 (and any related enforcement provisions hereof), expressly
includes its successors and assigns), is any commercial activity comprising any one or more of the ownership, acquisition, development or management of industrial real estate (the “Business”); (ii) the Company is one of the limited
number of persons who have developed such a business; (iii) the Company’s Business is, currently national in scope, but in the future, may be expanded outside the United States; (iv) the Executive’s work for the Company will give
him access to the confidential affairs and proprietary information of the Company; (v) the covenants and agreements of the Executive contained in this Section 6 are essential to the business and goodwill of the Company; and (vi) the
Company would not have entered into this Agreement but for the covenants and agreements set forth in this Section 6. Accordingly, the Executive covenants and agrees that: 
 (a) By and in consideration of the salary and benefits to be provided by the Company hereunder, including the severance arrangements set forth herein, and
further in consideration of the Executive’s exposure to the proprietary information of the Company, the Executive covenants and agrees that, during the period commencing on the date hereof and (except as provided below) ending one year
following the date upon which the Executive shall cease to be an employee of the Company and its Controlled Affiliates (as defined below), he shall not in the United States, or, if and to the extent that the Business is Actively Conducted (as
defined below) outside of the United States, in the applicable non-U.S. locations, directly or indirectly, (i) engage in any element of the Business (other than for the Company or its Controlled Affiliates), (ii) render any services to any
person, corporation, partnership or other entity (other than the Company or its Controlled Affiliates) engaged in any element of the Business, 

  

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or (iii) become interested in any such person, corporation, partnership or other entity (other than the Company or its Controlled Affiliates) as a
partner, member, manager, shareholder, principal, agent, employee, trustee, consultant or any person engaged in the Business, or in any other relationship or capacity; provided, however, that, notwithstanding the foregoing, the Executive may own or
acquire or otherwise invest in, directly or indirectly, securities of any entity, solely for investment purposes and without participating in the business thereof, if (A) such securities are traded on any national securities exchange or the
National Association of Securities Dealers, Inc. Automated Quotation System or in the over-the-counter market, (B) the Executive is not a controlling person of, or a member of a group which controls, such entity and (C) the Executive does
not, directly or indirectly, own 5% or more of any class of securities of such entity; and provided that the foregoing provisions of this Section 6.1(a) shall not prevent the Executive from rendering services to any person, corporation,
partnership or other entity engaged in any element of the Business (a “Permitted Party”), or from otherwise becoming interested in a Permitted Party if (x) the Permitted Party and its affiliates, taken together, are not a significant
competitor of the Company and no element of the Business is a Material (as defined below) part of the business of the Permitted Party and its affiliates, taken together, or (y) the Executive has no services-related or investment-related role
with regard to any portion of the business of the Permitted Party and its affiliates that competes with the Company. “Material” for purposes of the immediately preceding sentence means that the total assets of the Permitted Party and its
affiliates that comprise the Business constitute 20% or more of the total assets of the Permitted Party and its affiliates. “Actively Conducted” shall mean that the Company actually owns or manages industrial real estate in the specified
location, or has entered into a binding agreement, or a letter of intent, a term sheet, an agreement in principle, or any similar non-binding agreement (which non-binding agreement has not been terminated or expired of its own terms), to purchase or
manage industrial real estate in the specified location. “Controlled Affiliates” shall mean any and all entities that the Company directly or indirectly controls; provided that, if after the date hereof there is a reorganization of the
Company and a new holding company is established thereover, which controls the Company, then “Controlled Affiliates” shall also include such holding company and any 
  

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 affiliates that are controlled by the new parent. Notwithstanding the foregoing, if either party gives notice of
non-renewal under Section 1 and employment terminates at the scheduled expiration of the Term (without any early termination under Section 4 or 5), or if there’s a termination covered by Section 5.1(c), then the restrictions of
this Section 6.1(a) shall not extend beyond the date of termination of employment. 
 (b) From and after the date hereof, and during and
after the Term, the Executive shall keep secret and retain in strictest confidence, and shall not use for his benefit or the benefit of others, except in connection with the business and affairs of the Company and its Controlled Affiliates, all
confidential matters relating to the Company’s Business and the business of any of its Controlled Affiliates and to the Company and any of its Controlled Affiliates, learned by the Executive heretofore or hereafter directly or indirectly from
the Company or any of its Controlled Affiliates, including, without limitation, information with respect to (i) sources and non-public methods of raising capital, (ii) non-public information related to joint ventures, institutional funds
and the partners or other investors therein, and (iii) any other material, non-public information (the “Confidential Company Information”); and shall not disclose such Confidential Company Information to anyone outside of the Company
except (w) with the Company’s express written consent, (x) Confidential Company Information which is at the time of receipt or thereafter becomes publicly known through no wrongful act of the Executive or is received from a third
party not under an obligation to keep such information confidential and without breach of this Agreement, (y) as required by law or legal process (provided that the Executive shall give the Company reasonable prior written notice of disclosure
under this clause (y)), and (z) for disclosures to counsel in the context of seeking legal advice where counsel agrees, for the benefit of the Company, to be bound by the restrictions of this sentence. 
 (c) From the date hereof through the end of the one-year period commencing with the Executive’s termination of employment, the Executive shall not,
without the Company’s prior written consent, directly or indirectly, (i) solicit or encourage to leave the employment or other service of the Company, or any of its Controlled Affiliates, any employee, or independent contractor of the
Company where the independent contractor performs (or in the prior year has performed) a substantial portion of his 

  

 15 

 
services for the Company, or (ii) hire (on behalf of the Executive or any other person or entity) any employee or independent contractor of the Company,
where the independent contractor performs (or in the last year of service to the Company has performed) a substantial portion of his services for the Company, who has left the employment or other service of the Company or any of its Controlled
Affiliates within the one-year period which follows the termination of such employee’s or independent contractor’s employment or other service with the Company and its Controlled Affiliates. From the date hereof through the end of the
one-year period commencing with the Executive’s termination of employment with the Company, the Executive will not, whether for his own account or for the account of any other person, firm, corporation or other business organization,
intentionally interfere with the Company’s or any of its Controlled Affiliates’ relationship with, or endeavor to entice away from the Company or any of its Controlled Affiliates, any person who during the Term is or was a tenant,
co-investor, co-developer, joint venturer or other customer of the Company or any of its Controlled Affiliates. While the Executive’s non-compete obligations under Section 6.1(a) are in effect, the Executive shall not publish any statement
or make any statement under circumstances reasonably likely to become public that is critical of the Company or any of its Controlled Affiliates, or in any way adversely affecting or otherwise maligning the Business or reputation of the Company or
any of its Controlled Affiliates (provided that nothing in this sentence is intended to prevent the Executive from including in his pleadings or from his testimony any truthful matter to the extent necessary to defend against any claim by the
Company or a third party against the Executive, or to prosecute any claim against the Company for a breach of this Agreement). 
 (d) All
memoranda, notes, lists, records, property and any other tangible product and documents (and all copies thereof), whether visually perceptible, machine-readable or otherwise, made, produced or compiled by the Executive or made available to the
Executive concerning the business of the Company or its Controlled Affiliates, (i) shall at all times be the property of the Company (and, as applicable, any Controlled Affiliates) and shall be delivered to the Company at any time upon its
request, and (ii) upon the Executive’s termination of employment, shall be immediately returned to the Company. 
  

 16 

 6.2 Rights and Remedies upon Breach. 
 The Executive acknowledges and agrees that any breach by him of any of the provisions of Section 6.1 (the “Restrictive Covenants”) would
result in irreparable injury and damage for which money damages would not provide an adequate remedy. Therefore, if the Executive breaches, or threatens to commit a breach of, any of the provisions of Section 6.1, the Company and its Controlled
Affiliates shall have, in addition to, and not in lieu of, any other rights and remedies available to the Company and its Controlled Affiliates under law or in equity (including, without limitation, the recovery of damages), the right and remedy to
have the Restrictive Covenants specifically enforced (without posting bond and without the need to prove damages) by any court having equity jurisdiction, including, without limitation, the right to an entry against the Executive of restraining
orders and injunctions (preliminary, mandatory, temporary and permanent) against violations, threatened or actual, and whether or not then continuing, of such covenants. 
 6.3 Certain Colorado Matters. The Executive acknowledges the following provisions of Colorado law, set forth in Colorado Revised Statutes Section 8-2-113(2): 
 Any covenant not to compete which restricts the right of any person to receive compensation for performance of skilled or unskilled labor for any employer
shall be void, but this subsection (2) shall not apply to: 
 (a) Any contract for the purchase and sale of a business or the assets of a
business; 
 (b) Any contract for the protection of trade secrets; 
 (c) Any contract provision providing for the recovery of the expense of educating and training an employee who has served an employer for a period of less
than two years; 
 (d) Executive and management personnel and officers and employees who constitute professional staff to executive and
management personnel. 
 The Executive acknowledges that this Agreement is executed for the protection of trade secrets under Section 8-2-113(2)(b), and
is intended to protect the confidential information and trade secrets of the Company. The Executive also acknowledges that he is “executive [or] management personnel” within the meaning of Section 8-2-113(2)(d). 
  

 17 

 7. Other Provisions. 
 7.1 Severability. The Executive acknowledges and agrees that (i) he has had an opportunity to seek advice of counsel in connection with this Agreement and (ii) the Restrictive Covenants are reasonable
in geographical and temporal scope and in all other respects. If it is determined that any of the provisions of this Agreement, including, without limitation, any of the Restrictive Covenants, or any part thereof, is invalid or unenforceable, the
remainder of the provisions of this Agreement shall not thereby be affected and shall be given full effect, without regard to the invalid portions. 
 7.2 Duration and Scope of Covenants. If any court or other decision-maker of competent jurisdiction determines that any of the Executive’s covenants contained in this Agreement, including, without limitation, any of the
Restrictive Covenants, or any part thereof, is unenforceable because of the duration or geographical scope of such provision, then, after such determination has become final and unappealable, the duration or scope of such provision, as the case may
be, shall be reduced so that such provision becomes enforceable and, in its reduced form, such provision shall then be enforceable and shall be enforced. 
 7.3 Enforceability; Jurisdiction; Arbitration. 
 (a) The Company and the Executive intend to and
hereby confer jurisdiction to enforce the Restrictive Covenants set forth in Section 6 upon the courts of any jurisdiction within the geographical scope of the Restrictive Covenants. 
 (b) Any controversy or claim arising out of or relating to this Agreement or the breach of this Agreement (other than a controversy or claim arising
under Section 6, to the extent necessary for the Company (or its Controlled Affiliates, where applicable) to avail itself of the rights and remedies referred to in Section 6.2) that is not resolved by the Executive and the Company (or its
Controlled Affiliates, where applicable) shall be submitted to arbitration in Denver, Colorado in accordance with Colorado law 

  

 18 

 
and the procedures of the American Arbitration Association before a single arbitrator. The determination of the arbitrator shall be conclusive and binding on
the Company (or its Controlled Affiliates, where applicable) and the Executive and judgment may be entered on the arbitrator’s award in any court having jurisdiction. The Company shall bear one-half of the costs of any arbitration and the
Executive, as the other party to the arbitration, shall bear the other half; each party will bear its own attorney’s fees and costs. 
 7.4 Notices. Any notice or other communication required or permitted hereunder shall be in writing and shall be delivered personally, telegraphed, telexed, sent by facsimile transmission, or sent by certified, registered or express
mail, postage prepaid. Any such notice shall be deemed given when so delivered personally, telegraphed, telexed or sent by facsimile transmission, or, if mailed, five days after the date of deposit in the United States mails as follows: 

 

	 	(i)	If to the Company, to: 

  

	 	    	Dividend Capital Trust Inc. 

	 	    	518 Seventeenth Street, Suite 1700 

	 	    	Denver, Colorado 80202 

	 	    	Attention: Chief Executive Officer 

	 	    	Facsimile:                      

  

	 	    	with a copy to: 

  

	 	    	Clifford Chance US LLP 

	 	    	31 West 52nd Street 

	 	    	New York, New York 10019-6131 

	 	    	Attention: Larry P. Medvinsky, Esq. 

	 	    	Facsimile: (212) 878-8375 

  

	 	(ii)	If to the Executive, to: 

  

	 	    	Stuart B. Brown 

	 	    	at the address set forth on the signature page hereof 

 Any such person
may by notice given in accordance with this Section 7.5 to the other parties hereto designate another address or person for receipt by such person of notices hereunder. 
 7.5 Entire Agreement. This Agreement contains the entire agreement between the parties and their predecessors (including, without limitation,
between the Executive and Dividend Capital Advisors LLC (or an affiliate thereof)) with respect to the subject matter hereof and (subject to the last sentence of Section 1) supersedes all prior agreements, written or oral, with respect thereto.

  

 19 

 7.6 Waivers and Amendments. This Agreement may be amended, superseded, canceled, renewed or
extended, and the terms hereof may be waived, only by a written instrument signed by the parties or, in the case of a waiver, by the party waiving compliance. No delay on the part of any party in exercising any right, power or privilege hereunder
shall operate as a waiver thereof, nor shall any waiver on the part of any party of any such right, power or privilege nor any single or partial exercise of any such right, power or privilege, preclude any other or further exercise thereof or the
exercise of any other such right, power or privilege. 
 7.7 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF COLORADO WITHOUT REGARD TO ANY PRINCIPLES OF CONFLICTS OF LAW WHICH COULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF COLORADO. 
 7.8 Assignment. This Agreement, and the Executive’s rights and obligations hereunder, may not be assigned by the Executive; any purported
assignment by the Executive in violation hereof shall be null and void. This Agreement, and the Company’s rights and obligations hereunder, may not be assigned by the Company; any purported assignment by the Company in violation hereof shall be
null and void. Notwithstanding the foregoing, (i) in the event of any sale, transfer or other disposition of all or substantially all of the Company’s assets or business, whether by merger, consolidation or otherwise, the Company may
assign this Agreement and its rights hereunder, and (ii) the Company may assign the Agreement to its Controlled Affiliates so long as the Executive’s title is not reduced and the Executive’s role in respect of the affiliated group
taken as a whole is not materially adversely affected. 
 7.9 Withholding. The Company shall be entitled to withhold from any payments
or deemed payments any amount of tax withholding it determines to be required by law. 
  

 20 

 7.10 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties
and their respective successors, permitted assigns, heirs, executors and legal representatives. 
 7.11 Counterparts. This Agreement
may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original but all such counterparts together shall constitute one and the same instrument. Each counterpart may consist of two
copies hereof each signed by one of the parties hereto. 
 7.12 Survival. Anything contained in this Agreement to the contrary
notwithstanding, the provisions of Sections 4, 5, 6, 7.3, and 7.9, and the other provisions of this Section 7 (to the extent necessary to effectuate the survival of Sections 4, 5, 6, 7.3, and 7.9), shall survive termination of this Agreement
and any termination of the Executive’s employment hereunder. 
 7.13 Existing Agreements. The Executive represents to the Company
that he is not subject or a party to any employment or consulting agreement, non-competition covenant or other agreement, covenant or understanding which might prohibit him from executing this Agreement or limit his ability to fulfill his
responsibilities hereunder. 
 7.14 Headings. The headings in this Agreement are for reference only and shall not affect the
interpretation of this Agreement. 
  

 21 

 IN WITNESS WHEREOF, the parties hereto have signed their names as of the day and year first above
written. 
  

			
	DIVIDEND CAPITAL TRUST INC.
		
	By:	 	 /s/ Matthew T. Murphy

	Name:	 	 Matthew T. Murphy

	Title:	 	Senior Vice President
	
	DIVIDEND CAPITAL ADVISORS GROUP LLC
	
	(as to Exhibit A (and the last sentence of Section 2) only)
		
	By:	 	 /s/ Evan H. Zucker

	Name:	 	Evan H. Zucker
	Title:	 	Manager
		
		 	 /s/ Stuart B. Brown

		 	Stuart B. Brown

  

 22 

 EXHIBIT A 
 TEMPORARY CONSULTING ARRANGEMENT 
 This Exhibit A is a part of the employment agreement for Stuart B. Brown to which
it is attached (the “Employment Agreement”), and all capitalized terms used herein shall have the respective meanings as defined thereof by such Employment Agreement unless the context otherwise so requires. As of the date hereof, the
Executive shall become a consultant to (and not an employee of) the Advisor. In that capacity, the Executive shall render advice to senior executives of the Advisor regarding strategic and financial matters and on other matters reasonably requested
by the Advisor, at times and places as reasonably determined by the Executive. This consulting arrangement (the “Arrangement”) shall terminate (if not earlier terminated under the second paragraph of this Exhibit A) upon the first day of
the Term. The period during which the Executive is providing consulting services under the Arrangement is referred to below as the “Consulting Period.” During the Consulting Period, the Executive shall perform such duties as are reasonably
requested by the Advisor professionally. The Advisor shall (i) pay the Executive during the Consulting Period a fee of $450,000 per year, payable monthly on a pro rata basis, (ii) pay the Executive during the Consulting Period the monthly
cost of “COBRA” continuation coverage, if elected by him through his previous employer, and (iii) without duplication, provide to the Executive during the Consulting Period for these purposes, the benefits, excluding vacation time,
under Sections 3.6, 3.7 and 3.8 of the Employment Agreement. 
 If the Contribution Agreement is not executed on or before March 31, 2007, or such later
date as may be agreed by the parties hereto in writing, then if either party so elects, (i) the Executive, if then engaged as a consultant pursuant to this Exhibit, shall receive from the Advisor (A) payment of all consulting fees earned
up to the date of termination, (B) reimbursement for all accrued and unpaid expenses reimbursable under Sections 3.6 and 3.7 of the Employment Agreement and continuing provision by the Advisor of payments and benefits under Section 3.8 of
the Employment Agreement, and (C) within five days after such election, if (and only if) the Executive provides a general release in a form reasonably acceptable to the Advisor, which does not require the release of any payment rights under
Section 3.8 of the Employment Agreement or under this sentence, and which is or has become irrevocable, a payment equal to $1,087,000, and (ii) the Arrangement shall immediately terminate. The Executive or the Advisor may terminate the
Arrangement before the commencement of the Term at any time upon 10 days’ notice. If such early termination is by the Executive (but, for the avoidance of doubt, not on account of death), or if the Executive is terminated by the Advisor due to
a repeated, willful failure by the Executive to perform his obligations (other than any such failure resulting from his Disability) after receipt of written notice specifying in detail the circumstances of any such failure, or due to
“Cause” as defined under the terms of Section 5.1(a)(i), (ii) or (v) of the Employment Agreement (which shall be applied for these purposes as though such terms were also expressly applicable in respect of the Arrangement
and the Advisor), then the Executive shall be entitled to receive only (i) payment of all consulting fees earned up to the date of termination, and (ii) reimbursement for all accrued and unpaid expenses reimbursable under Sections 3.6 and
3.7 of the Employment Agreement and continuing provision by the Advisor of payments and benefits under Section 3.8 of the Employment Agreement. If such early termination is not described in the foregoing sentence, then the Executive shall be
entitled to receive only (i) payment of all consulting fees earned up to the date of termination, (ii) reimbursement for all accrued and unpaid expenses reimbursable under Sections 3.6 and 3.7 of the Employment Agreement and continuing
provision by the Advisor of payments and benefits under Section 3.8 of the Employment Agreement, and (iii) if (and only if) the Executive provides a general release in a form reasonably acceptable to the Advisor, which does not require the
release of any payment rights under Section 3.8 of the Employment Agreement or under this sentence, and which is or has become irrevocable, a payment equal to $1,087,000. 
 The Executive acknowledges and agrees that he is solely responsible for any federal, state or local income, excise or other taxes imposed as a result of the payments under the Arrangement. The terms of
Section 6.1(b) and (d) (and Section 6.2 as relevant thereto), and Section 7 (to the extent relevant to this Exhibit A), of the Employment Agreement shall be applicable with respect to the Arrangement as though such terms were
directly applicable to the Arrangement. It is expressly acknowledged and agreed that the provisions of the Employment Agreement shall not apply (other than as expressly set forth in this Exhibit A) in respect of the Arrangement. 
 Notwithstanding the last sentence of Section 1 of the Employment Agreement, the provisions of this Exhibit A shall apply in accordance with their terms even if the
Contribution Agreement is not executed on or before March 31, 2007, or such later date as may be agreed by the parties as contemplated by such sentence. 
  

 23Registration Rights Agreement

 Exhibit 10.1 
 EXECUTION 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of September 25, 2006, is by and between Motient Corporation, a
Delaware corporation (“Motient”), and SkyTerra Communications, Inc., a Delaware corporation (“SkyTerra”). Certain capitalized terms used herein are defined in Section 7 below. Capitalized terms
not otherwise defined herein have the meaning ascribed to them in the MSV Exchange Agreement (as hereinafter defined). 
 RECITALS:

 WHEREAS, Motient, MVH Holdings Inc., a Delaware corporation and wholly owned subsidiary of Motient (“MVH”),
and SkyTerra have entered into an Exchange Agreement, dated as of May 6, 2006 (the “MSV Exchange Agreement”), that provides, subject to the terms and conditions thereof, for the purchase by SkyTerra of 100% of the
limited partnership units (the “MSV LP Units”) of Mobile Satellite Ventures, LP, a Delaware limited partnership (“MSV”) and common stock of Mobile Satellite Ventures GP, Inc., a Delaware corporation
and the general partner of MSV (“MSV GP Shares”), held directly by MVH (the “MSV Exchange”); 
 WHEREAS, as part of the consideration to be paid in the MSV Exchange, SkyTerra will issue an aggregate of 44,333,417 shares (the “Acquired Shares”) of non-voting common stock, par value $0.01 per share of SkyTerra,
exchangeable in certain circumstances for an equal number of shares of common stock, par value $0.01 per share, of SkyTerra (“Common Shares”) pursuant to Section 4.7 of the MSV Exchange Agreement; 
 WHEREAS, in order to induce Motient to consummate the transactions under the MSV Exchange Agreement, SkyTerra has agreed to provide certain registration
rights on the terms and subject to the conditions set forth herein; and 
 WHEREAS, it is a condition to the closing of the transactions
under the MSV Exchange Agreement that SkyTerra and Motient enter into this Agreement; 
 NOW, THEREFORE, the parties hereto hereby agree as
follows: 
 SECTION 1. REGISTRATION UNDER THE SECURITIES ACT. 
 1.1 Registration. 
 (a) As promptly as
possible after the date hereof, and in any event prior to the date that is ten (10) business days following the date hereof, SkyTerra shall prepare and file with the Securities and Exchange Commission (the “SEC”) a
registration statement on the appropriate form for the purpose of registering under the Securities Act 14,407,343 of the Common Shares (as appropriately adjusted in accordance with the MSV Exchange Agreement) (the “Resale
Shares”) for resale by Motient (the “Resale Registration Statement”). SkyTerra agrees to use its commercially reasonable efforts to cause the Resale Registration Statement to be declared effective as soon as
practicable after the filing thereof with the SEC. 

 EXECUTION 
 (b) SkyTerra shall keep the Resale Registration Statement effective (including through the filing of any required post-effective amendments) until the earlier to occur of (i) such time as Motient has sold all of
the Common Shares registered thereunder or (ii) July 15, 2010; provided, that such date shall be extended by the amount of time of any period during which Motient may not use the Resale Registration Statement as the result of the
occurrence of an event described in Section 1.2(e) (ii), (iii) or (iv) below. Thereafter, SkyTerra shall be entitled to withdraw the Resale Registration Statement and, upon such withdrawal, Motient shall have no further right to sell
any of the Common Shares pursuant to the Resale Registration Statement (or any prospectus forming a part thereof). 
 (c) Pursuant to
Section 1.3(b)(ii) of the MSV Exchange Agreement, SkyTerra has filed a registration statement on Form S-3 (File No. 333-135580) with the SEC registering under the Securities Act 25,478,273 of the Common Shares (as appropriately adjusted in
accordance with the MSV Exchange Agreement) for distribution by Motient as a dividend to the Motient Common Stockholders (the “Distribution Registration Statement”). The Distribution Registration Statement was declared
effective by the SEC on September 22, 2006. 
 (d) Pursuant to Section 1.3(b)(iii) of the MSV Exchange Agreement, SkyTerra has
filed a registration statement on Form S-3 (File No. 333-135580) with the SEC registering under the Securities Act 4,447,801 of the Common Shares (as appropriately adjusted in accordance with the MSV Exchange Agreement) for distribution by
Motient to the holders of Motient’s Series A Cumulative Convertible Preferred Stock and Series B Cumulative Convertible Preferred Stock upon the election by the holders of such shares to convert such shares of Motient preferred stock into
shares of Motient Common Stock (the “Preferred Registration Statement” and, together with the Distribution Registration Statement and the Resale Registration Statement, the “Registration Statements”).
The Preferred Registration Statement was declared effective by the SEC on September 22, 2006. The registrations effected pursuant to the Registration Statements are referred to herein as the “Registrations.” 

(e) SkyTerra shall keep the (i) Distribution Registration Statement effective (including through the filing of any required post-effective
amendments) until such time as Motient declares and pays the dividend of the Common Shares to the Motient Common Stockholders referenced in the Distribution Registration Statement and (ii) Preferred Registration Statement effective (including
through the filing of any required post-effective amendments) until the earlier to occur of (A) the date after which all of the Common Shares registered thereunder shall have been distributed by Motient to its preferred stockholders and
(B) July 15, 2010; provided, that such date shall be extended by the amount of time of any period during which Motient may not use the Preferred Registration Statement as the result of the occurrence of an event described in
Section 1.2(e) (ii), (iii) or (iv) below. Thereafter, SkyTerra shall be entitled to withdraw the Distribution Registration Statement and the Preferred Registration Statement, as applicable, and, upon such withdrawal, Motient shall
have no further right to distribute any of the Common Shares pursuant to the Distribution Registration Statement or Preferred Registration Statement (or any prospectus forming a part thereof), as applicable. 
 1.2 Registration Procedures. Subject to the terms and conditions hereof, whenever any Common Shares are required to be registered pursuant to this
Agreement or were required to be registered pursuant to the MSV Exchange Agreement, SkyTerra shall use its commercially 

 EXECUTION 
 reasonable efforts to effect the registration (if not previously effected) and the sale or distribution of such Common Shares (if not previously sold or distributed) in accordance with the intended method of disposition thereof, and
pursuant thereto SkyTerra shall as expeditiously as practicable: 
  

	 	(a)	promptly prepare and file with the SEC the applicable registration statement with respect to such Common Shares (and any amendments, including any post-effective amendments or
supplements to such registration statement SkyTerra deems to be necessary) and use its commercially reasonable efforts to cause such registration statement to become effective and to comply with the provisions of the Securities Act applicable to it;
provided, that before filing a registration statement or prospectus or any amendments or supplements thereto, SkyTerra shall furnish to counsel for Motient copies of all such documents proposed to be filed, including documents incorporated by
reference in the registration statement and, if requested by Motient, the exhibits incorporated by reference so as to provide Motient and its counsel a reasonable opportunity to review and comment on such documents, and SkyTerra (i) will make
such changes and additions thereto as reasonably requested by counsel to Motient prior to filing any registration statement or amendment thereto or any prospectus or any supplement thereto and (ii) if Motient is an underwriter or controlling
person of SkyTerra, to include therein material relating to Motient or the plan of distribution for the Common Shares registered thereunder, furnished to SkyTerra in writing, which, in the reasonable judgment of Motient, should be included;

  

	 	(b)	furnish to Motient such number of copies of such registration statement, each amendment and supplement thereto, the prospectus included in such registration statement and such other
documents as Motient may reasonably request in order to facilitate the disposition of such Common Shares registered thereunder; provided, however, that SkyTerra shall have no obligation to furnish copies of a final prospectus if the
conditions of Rule 172(c) under the Securities Act are satisfied by SkyTerra; 

  

	 	(c)	prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such
registration statement with respect to such Common Shares registered thereunder effective for the applicable time periods as specified in Section 1.1 in order to complete the disposition of the Common Shares covered by such registration
statement and comply with the provisions of the Securities Act with respect to the disposition of all Common Shares covered by such registration statement during such period in accordance with the intended methods of disposition thereof as set forth
in such registration statement; 

  

	 	(d)	use its commercially reasonable efforts to register or qualify such Common Shares under such other securities or blue sky laws of such jurisdictions as Motient (or any other holder
whose securities are included in a registration statement on which Common Shares are registered) reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable Motient to consummate the
disposition in such jurisdictions of the Common Shares owned by 

  

 -3- 

 EXECUTION 
 Motient (provided that SkyTerra shall not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subsection, (ii) subject
itself to taxation in any such jurisdiction or (iii) consent to general service of process in any such jurisdiction); 
  

	 	(e)	notify Motient, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, (i) when a registration statement or any post-effective
amendment has become effective under the Securities Act, (ii) of any written request by the SEC for amendments or supplements to such registration statement or prospectus, (iii) of the happening of any event as a result of which the
prospectus included in such registration statement contains an untrue statement of a material fact or omits any fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading (whereupon
Motient shall immediately cease any offers, sales or other distribution of Common Shares registered thereunder), and, subject to 1.3(c), SkyTerra shall promptly prepare a supplement or amendment to such prospectus so that, as thereafter used by
Motient for the resale of the Common Shares or delivered to the stockholders of Motient in connection with the distribution of such Common Shares, such prospectus shall not contain an untrue statement of a material fact or omit to state any fact
necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and (iv) of the issuance of any stop order suspending the effectiveness of a registration statement, or of any order suspending
or preventing the use of any related prospectus or suspending the qualification of any of the Common Shares included in such registration statement for sale or distribution in any jurisdiction; 

  

	 	(f)	in the event of the issuance of any stop order suspending the effectiveness of a registration statement, or of any order suspending or preventing the use of any related prospectus
or suspending the qualification of any Common Shares included in such registration statement for sale or distribution in any jurisdiction, SkyTerra shall use its commercially reasonable efforts promptly to obtain the withdrawal of such order and
shall prepare and file an amended or supplemented prospectus, if required; and 

  

	 	(g)	provide a transfer agent and registrar for all such Common Shares not later than the effective date of such registration statement; 

  

	 	(h)	use its commercially reasonable efforts to cause such Common Shares covered by such registration statement to be registered with or approved by such other governmental agencies or
authorities as may be necessary to enable Motient to complete the disposition of the Common Shares covered by such registration statement and comply with the provisions of the Securities Act with respect to the disposition of all Common Shares
covered by such registration statement during such period in accordance with the intended methods of disposition by Motient thereof set forth in such registration statement; 

  

 -4- 

 EXECUTION 
  

	 	(i)	make available for inspection by Motient, any underwriter participating in any disposition pursuant to such registration statement, and any attorney, accountant or other agent
retained by Motient or underwriter, all financial and other records, pertinent corporate documents and properties of SkyTerra, and cause SkyTerra’s officers, managers, employees and independent accountants to supply all information reasonably
requested by SkyTerra, underwriter, attorney, accountant or agent in connection with such registration statement; and 

  

	 	(j)	make generally available to its stockholders a consolidated earnings statement (which need not be audited) for the 12 months beginning after the effective date of such registration
statement as soon as reasonably practicable after the end of such period, which earnings statement shall satisfy the requirements of an earning statement under Section 11(a) of the Securities Act. 

 1.3 Other Procedural Matters. 
  

	 	(a)	SEC Correspondence. SkyTerra shall make available to Motient promptly after the same is prepared and publicly distributed, filed with the SEC, or received by SkyTerra, one
copy of each registration statement and any amendment thereto, each preliminary prospectus and each amendment or supplement thereto, each letter written by or on behalf of SkyTerra to the SEC or the staff of the SEC (or other governmental agency or
self-regulatory body or other body having jurisdiction, including any domestic or foreign securities exchange), in each case relating to such registration statement. SkyTerra will promptly respond to any and all comments received from the SEC, with
a view towards causing each registration statement or any amendment thereto to be declared effective by the SEC as soon as practicable and shall file an acceleration request as soon as practicable following the resolution or clearance of all SEC
comments or, if applicable, following notification by the SEC that any such registration statement or any amendment thereto will not be subject to review. 

  

	 	(b)	SkyTerra may require Motient to furnish to SkyTerra any other information regarding Motient and the distribution of such securities, including without limitation the plan of
disposition of the Common Shares, as SkyTerra reasonably determines, is required to be included in any registration statement. 

  

	 	(c)	Motient agrees that, upon notice from SkyTerra of the happening of any event as a result of which the prospectus included in such registration statement contains an untrue statement
of a material fact or omits any material fact necessary to make the statements therein not misleading (a “Suspension Notice”), Motient will forthwith discontinue disposition of Common Shares pursuant to such registration
statement until Motient is advised in writing by SkyTerra that the use of the prospectus may be resumed and is furnished with a supplemented or amended prospectus as contemplated by Section 1.2 hereof; provided, however, that such
postponement of sales of Common Shares by Motient shall not in any event exceed (i) twenty (20) consecutive days or (ii) forty-five (45) days in the aggregate in any 12 month period. If SkyTerra shall give Motient any Suspension
Notice, SkyTerra shall extend the 

  

 -5- 

 EXECUTION 
 period of time during which SkyTerra is required to maintain the applicable registration statements effective pursuant to this Agreement by the number of days during the period from and including the date of the
giving of such Suspension Notice to and including the date Motient either is advised by SkyTerra that the use of the prospectus may be resumed. In any event, SkyTerra shall not be entitled to deliver more than a total of three (3) Suspension
Notices or notices of any Delay Period in any 12 month period. 
  

	 	(d)	Neither SkyTerra nor Motient shall permit any officer, manager, underwriter, broker or any other person acting on behalf of SkyTerra to use any free writing prospectus (as defined
in Rule 405 under the Securities Act) in connection with any registration statement covering Common Shares filed pursuant to the Exchange Agreement or this Agreement, without the prior written consent of SkyTerra, Motient and any underwriter.

 1.4 Expenses. 
  

	 	(a)	Registration Expenses. All Registration Expenses shall be borne by SkyTerra. 

  

	 	(b)	Selling Expenses. All expenses incident to Motient’s performance of or compliance with this Agreement, including, without limitation, all fees and expenses of counsel
for Motient, fees and expenses of Motient’s transfer agent, and any broker or dealer discounts or commissions attributable to the disposition of Common Shares shall be borne solely by Motient. 

 SECTION 2. LOCKUP AGREEMENT. 
 2.1 Except for the (i) disposition of Common Shares by Motient to its stockholders pursuant to the Preferred Registration Statement and (ii) the distribution by Motient of Common Shares to holders of Motient common stock as
described in Section 4.8 of the MSV Exchange Agreement, Motient hereby agrees to not effect any public sale or distribution (including any sales pursuant to Rule 144) of equity securities of SkyTerra, or any securities convertible into or
exchangeable or exercisable for such securities, during the seven days prior to and the 90-day period beginning on the effective date of any underwritten registered public offering of equity securities of SkyTerra or securities convertible or
exchangeable into or exercisable for equity securities of SkyTerra (except as part of such underwritten registration), unless the underwriters managing the registered public offering otherwise consent in writing, and Motient will deliver an
undertaking to the managing underwriters (if requested) consistent with this covenant. Motient shall not be obligated to comply with the provisions of this Section 2.1 more than two times in any 12-month period. 
 SECTION 3. INDEMNIFICATION. 
 3.1 Indemnification by SkyTerra. SkyTerra agrees to indemnify, to the extent permitted by law, Motient, its officers, directors, employees and Affiliates and each Person who controls Motient (within the meaning of the Securities Act)
against all losses, claims, damages, liabilities, and expenses caused by any untrue or alleged untrue statement of material fact contained in any registration statement described in this Agreement and/or the MSV Exchange Agreement, 
  

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 EXECUTION 
 (including, without limitation, the Distribution Registration Statement (as defined in the MSV Exchange Agreement), the Resale Registration Statement and the Preferred Registration Statement) (each a “Transaction Registration
Statement”) or any prospectus forming a part of any such Transaction Registration Statement or any “issuer free writing prospectus” (as defined in Securities Act Rule 433), or any amendment thereof or supplement thereto or any
omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading or any violation or alleged violation by SkyTerra of
the Securities Act, the Exchange Act or applicable “blue sky” laws, except insofar as the same are made in reliance and in conformity with any information furnished in writing to SkyTerra by Motient expressly for use therein or by the
failure of Motient to deliver a copy of such registration statement or prospectus or any amendments or supplements thereto as required by law after SkyTerra has furnished Motient with a sufficient number of copies of the same. 
 3.2 Indemnification by Motient. In connection with any registration statement in which Motient is participating, Motient shall furnish to SkyTerra
in writing such information as SkyTerra reasonably requests for use in connection with any such registration statement or prospectus and, to the extent permitted by law, shall indemnify SkyTerra, its directors, officers, employees and Affiliates,
and each Person who controls SkyTerra (within the meaning of the Securities Act), against any losses, claims, damages, liabilities, and expenses resulting from any untrue or alleged untrue statement of material fact contained in any Transaction
Registration Statement, the prospectus or preliminary prospectus forming a part of such Transaction Registration Statement or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, but only to the extent that any information so furnished in writing by Motient contains such untrue statement or omits a
material fact required to be stated therein necessary to make the statements therein not misleading; provided, however, that any such obligation of Motient to indemnify SkyTerra hereunder shall be limited to (i) the net proceeds
to Motient from the sale of the Common Shares pursuant to the Resale Registration Statement in the case of the Resale Registration Statement, and (ii) the value of the Common Shares distributed pursuant to the Distribution Registration
Statement or the Preferred Registration Statement, as applicable, based on the average of the high and low sales price of Common Shares for the five trading day period immediately prior to the date of such distribution with respect to the
Distribution Registration Statement or the Preferred Registration Statement, as applicable. 
 3.3 Indemnification Procedures.
Any Person entitled to indemnification hereunder shall (i) give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair
any Person’s right to indemnification hereunder to the extent such failure has not prejudiced the indemnifying party) and (ii) unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and
indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall not
be subject to any liability for any settlement made by the indemnified party without its consent (but such consent shall not be unreasonably withheld). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim
shall not be obligated to pay the fees and expenses of more than one 
  

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 EXECUTION 
 counsel (in addition to local counsel) for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party there may be one or more legal or equitable defenses
available to such indemnified party that are in addition to or may conflict with those available to another indemnified party with respect to such claim. Failure to give prompt written notice shall not release the indemnifying party from its
obligations hereunder. 
 3.4 Investigation; Contribution. The indemnification provided for under this Agreement shall remain in full
force and effect regardless of any investigation made by or on behalf of the indemnified party or any officer, director, or controlling Person of such indemnified party and shall survive the transfer of securities. If the indemnification provided
under Section 3.1 or Section 3.2 of this Agreement is held by a court to be unavailable or unenforceable in respect of any losses, claims, damages, liabilities or expenses referred to herein, then each applicable indemnifying party, in
lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified Person as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative
fault of the indemnifying party on the one hand and of the indemnified party on the other in connection with the statements or omissions that result in such losses, claims, damages, liabilities or expenses as well as any other relevant equitable
considerations. The relative fault of the indemnifying party on the one hand and of the indemnified Person on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party, and by such party’s relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission. In no event shall the liability of Motient for contribution pursuant to this Section 3.4 be greater than the amount for which Motient would have been liable pursuant to Section 3.2 had indemnification
been available and enforceable. 
 SECTION 4. RULE 144 TRANSACTIONS. 
 4.1 Undertaking to File Reports and Cooperate in Rule 144 Transactions. For as long as Motient continues to hold or has the right under the MSV
Exchange Agreement to acquire any Acquired Shares, SkyTerra shall use its commercially reasonable efforts to file with the SEC, on a timely basis, all annual, quarterly and other periodic reports required to be filed by it under Sections 13 and
15(d) of the Exchange Act, and the rules and regulations thereunder; provided, however, that the foregoing shall not be construed to require SkyTerra to prepare and file periodic reports if it is not required to do so under the
Exchange Act. In the event of any proposed sale by Motient of Acquired Shares pursuant to Rule 144 under the Securities Act or otherwise as provided herein, which sale is to be made in accordance with the terms of Section 5.1(d) hereof,
SkyTerra shall use its commercially reasonable efforts to cooperate with Motient so as to enable such sales to be made in accordance with applicable laws, rules and regulations, the requirements of the transfer agent of SkyTerra, and the reasonable
requirements of the broker through which the sales are proposed to be executed, and shall, upon written request, furnish unlegended certificates representing ownership of the shares of Common Shares sold thereby, such certificates to be furnished in
such numbers and denominations as Motient may reasonably request. 
  

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 EXECUTION 
 SECTION 5. RESTRICTIONS ON TRANSFER. 
 5.1 Permitted Transfers. Motient hereby agrees
that, until it and any permitted transferees under paragraph (e) or (h) hereunder have disposed of all of the Acquired Shares, it will not, directly or indirectly, without the prior written consent of SkyTerra, sell, distribute, transfer
or otherwise dispose (in each case, a “Disposition”) of any Acquired Shares except: 
  

	 	(a)	the pro rata distribution of Common Shares by Motient to its common stockholders in the form of a special dividend as described by Section 4.8 of the MSV Exchange Agreement; or

  

	 	(b)	distributions of Common Shares by Motient to its preferred stockholders pursuant to the Preferred Registration Statement; 

  

	 	(c)	sales of Resale Shares pursuant to the Resale Registration Statement; or 

  

	 	(d)	sales of Resale Shares pursuant to Rule 144 under the Securities Act; or 

  

	 	(e)	sales or transfers of Resale Shares to any Person or group of related Persons who would immediately thereafter not own or have the right to acquire or vote with respect to Resale
Shares consisting of, in the aggregate, more than five percent (5%) (with each Person, other than Affiliates of the transferring Holder, considered individually and not in the aggregate with other transferees) of the total combined voting power
of all SkyTerra Common Shares then outstanding; provided, however, that in each such case, the transferee shall receive and hold such Resale Shares subject to, and the transferee and all of the transferees’ Affiliates shall agree
to be bound by, all the terms of this Agreement, which terms shall also inure to the benefit of such transferees, and there shall be no further transfer of such Resale Shares, except in accordance with the provisions of this Section 5.1; or

  

	 	(f)	a bona fide pledge of or the granting of a security interest in the Resale Shares or Resale Shares to an institutional lender for money borrowed, provided that such lender
acknowledges in writing that it has received a copy of this Agreement and agrees, upon its becoming the owner of, or obtaining dispositive authority with respect to or in connection with any disposition of, any such Resale Shares, to be bound by the
provisions of this Agreement in connection with any right it may have to dispose of any such Resale Shares (and, upon agreeing so to be bound, the provisions of this Agreement shall inure to the benefit of such party); or 

 

	 	(g)	sales or transfers of Resale Shares pursuant to a tender or exchange offer which the Board of Directors of SkyTerra does not oppose within 10 business days after the date of
commencement (as such term is defined in Rule 14d-2(a) of the General Rules and Regulations under the Exchange Act) of such offer; or 

  

	 	(h)	dispositions of Resale Shares by Motient to any wholly owned subsidiary of Motient or to a successor corporation of Motient; provided, however, that in each such case,
the transferee shall receive and hold such Resale Shares subject to, and the transferee and all of the transferees’ Affiliates shall agree to be bound by, all the 

  

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 EXECUTION 
 terms of this Agreement, which terms shall also inure to the benefit of such transferees, and there shall be no further transfer of such Resale Shares for which they are exchangeable, except in accordance with the
provisions of this Section 5.1; or 
  

	 	(i)	dispositions pursuant to any merger, consolidation, reorganization or recapitalization to which SkyTerra is a party or in connection with any reclassification of the Acquired Shares
or the Common Shares; 

 provided, that in the event that Motient seeks to effect a Disposition of any Resale Shares
pursuant to clauses (d), (e) or (h) of this Section 5.1, (i) such Disposition is made in compliance with applicable securities laws, and (ii) prior to such Disposition, Motient shall have delivered to SkyTerra an opinion of
counsel stating that such Disposition (A) is permitted by this Agreement and the MSV Exchange Agreement, (B) does not require registration under the Securities Act, and (C) assuming the accuracy of the representations and warranties
set forth in the MSV Exchange Agreement, does not cause the MSV Exchange to be required to have been registered under the Securities Act; provided, that with respect to Dispositions pursuant to Section 5.1(d), such opinion shall only be
required if requested by SkyTerra’s transfer agent and in any event no opinion shall be required for Dispositions pursuant to Rule 144(k) under the Securities Act. 
 SECTION 6. INTENTIONALLY OMITTED 
 SECTION 7. DEFINITIONS. 
 “Affiliate” means, with respect to any specified Person, any other Person that, directly or indirectly or through one or more
intermediaries, controls, is controlled by or is under common control with such specified Person. 
 “Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder, or any successor statute. 
 “Person” means any individual, firm, partnership, corporation, trust, joint venture, limited liability company, association, joint stock company, unincorporated organization, or any other entity or organization,
including a governmental entity or any department, agency, or political subdivision thereof. 
 “Registration
Expenses” means all expenses incident to SkyTerra’s performance of or compliance with this Agreement, including without limitation all registration and filing fees, fees and expenses of compliance with securities or blue sky laws,
fees with respect to filings required to be made with the NASD, printing expenses, messenger and delivery and mailing expenses, fees and disbursements of custodians, and fees and disbursements of counsel for SkyTerra and all independent certified
public accountants retained by SkyTerra and other Persons retained by SkyTerra. 
 “Securities Act” means the
Securities Act of 1933, as amended, and the rules and regulations thereunder, or any successor statute. 
  

 -10- 

 EXECUTION 
 SECTION 8. MISCELLANEOUS. 
 8.1 Legends and Stop Transfer Orders. 
  

	 	(a)	Motient hereby agrees that all certificates representing Acquired Shares or the Common Shares for which they are exchanged that are presently owned or are hereafter acquired by
Motient, shall have the following legend (or other legend to the same effect): “The shares represented by this certificate are subject to restrictions on transfer and other restrictions pursuant to the provisions of a Registration Rights
Agreement, dated May 6, 2006, between SkyTerra Communications, Inc. and Motient Corporation, a copy of which is on file at the office of the corporate secretary of Motient Corporation.” 

  

	 	(b)	Motient hereby agrees to the entry of stop transfer orders with the transfer agent and registrar of the Acquired Shares or the Common Shares for which they are exchanged against the
transfer (other than in compliance with this Agreement) of legended securities held by Motient (or its permitted transferees under Section 5.1(e) or (h) hereof). 

  

	 	(c)	SkyTerra agrees to remove any stop transfer orders provided in paragraph (b) above in sufficient time to permit any party to make any transfer permitted by the terms of this
Agreement. 

 8.2 Consolidation or Merger of SkyTerra. 
 For as long as Motient continues to hold, or has the right under the MSV Exchange Agreement to acquire, any Acquired Shares, if any of the following
events (collectively, a “SkyTerra Change of Control”) occurs, namely: 
 (a) any reclassification or
exchange of the outstanding Common Shares (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination); 
 (b) any merger, consolidation, statutory share exchange or combination of SkyTerra with another corporation as a result of which holders
of Common Shares shall be entitled to receive stock or other securities with respect to or in exchange for such Common Shares; or 
 (c) any sale or conveyance of the properties and assets of SkyTerra as, or substantially as, an entirety to any other corporation as a result of which holders of Common Shares shall be entitled to receive stock or other securities with
respect to or in exchange for such Common Shares; 
 SkyTerra shall enter into, or SkyTerra shall cause the successor or purchasing corporation to enter
into, as the case may be, an agreement with Motient that provides Motient with substantially similar rights as provided in this Agreement with respect to the stock or other securities to be issued in the SkyTerra Change of Control transaction with
respect to or in exchange for the Acquired Shares and/or Common Shares. 
  

 -11- 

 EXECUTION 
 8.3 Specific Performance. The parties hereto acknowledge and agree that in the event of any breach of this Agreement, the non-breaching parties would be irreparably harmed and could not be made whole by
monetary damages. It is accordingly agreed that the parties hereto shall and do hereby waive the defense in any action for specific performance that a remedy at law would be adequate and that the parties hereto, in addition to any other remedy to
which they may be entitled at law or in equity, shall be entitled to compel specific performance of this Agreement in any action instituted hereunder. 
 8.4 Amendments and Waivers. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party
thereafter to enforce each and every provision of this Agreement in accordance with its terms. No modification, amendment, or waiver of any provision of this Agreement shall be effective against Motient or SkyTerra except by a written agreement
signed by Motient and SkyTerra. 
 8.5 Successors and Assigns. All covenants and agreements in this Agreement by or on behalf of any
of the parties hereto shall bind and inure to the benefit of the respective successors and permitted assigns of the parties hereto whether so expressed or not including, without limitation, any Person which is the successor to Motient or SkyTerra.

 8.6 Severability. If any term, provision, covenant or restriction of this Agreement, or any part thereof, is held by a court of
competent jurisdiction or any foreign federal, state, county, or local government or any other governmental, regulatory, or administrative agency or authority to be invalid, void, unenforceable, or against public policy for any reason, the remainder
of the terms, provisions, covenants, and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired, or invalidated. 
 8.7 Entire Agreement. Except as otherwise expressly set forth herein, this document embodies the complete agreement and understanding among the parties hereto with respect to the subject matter hereof and
supersedes and preempts any prior understandings, agreements, or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. 
 8.8 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart. 
 8.9 Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning of terms contained herein. 
 8.10 GOVERNING LAW; CONSENT OF EXCLUSIVE JURISDICTION; WAIVER OF JURY TRIAL. THIS AGREEMENT AND THE VALIDITY AND PERFORMANCE OF THE TERMS HEREOF
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW OR CHOICE OF LAW. THE PARTIES HERETO HEREBY AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING DIRECTLY OR

  

 -12- 

 EXECUTION 
 INDIRECTLY FROM OR IN CONNECTION WITH THIS AGREEMENT SHALL BE LITIGATED ONLY IN THE STATE OR FEDERAL COURTS LOCATED IN MANHATTAN IN THE STATE OF NEW YORK. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HERETO CONSENT TO THE
EXCLUSIVE JURISDICTION AND VENUE OF THE FOREGOING COURTS AND CONSENT THAT ANY PROCESS OR NOTICE OF MOTION OR OTHER APPLICATION TO EITHER OF SAID COURTS OR A JUDGE THEREOF MAY BE SERVED INSIDE OR OUTSIDE THE STATE OF NEW YORK BY REGISTERED MAIL,
RETURN RECEIPT REQUESTED, DIRECTED TO SUCH PARTY AT ITS ADDRESS SET FORTH IN THIS AGREEMENT (AND SERVICE SO MADE SHALL BE DEEMED COMPLETE FIVE (5) DAYS AFTER THE SAME HAS BEEN POSTED AS AFORESAID) OR BY PERSONAL SERVICE OR IN SUCH OTHER MANNER
AS MAY BE PERMISSIBLE UNDER THE RULES OF SAID COURTS. THE PARTIES HERETO HEREBY WAIVE ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION PURSUANT TO THIS AGREEMENT. 
 8.11 Notices. Any notices, reports or other correspondence (hereinafter collectively referred to as “correspondence”)
required or permitted to be given hereunder shall be given in writing and shall be deemed given three business days after the date sent by certified or registered mail (return receipt requested), one business day after the date sent by overnight
courier or on the date given by telecopy (with confirmation of receipt) or delivered by hand, to the party to whom such correspondence is required or permitted to be given hereunder. 
 To Motient: 
 Motient Corporation 
 300 Knightsbridge Parkway 
 Lincolnshire Parkway 
 Lincolnshire, IL 60069 
 Facsimile: (847) 478-4810 
 Attention: General Counsel 
 with a copy (which shall not constitute notice) to: 
 Andrews Kurth LLP 
 600 Travis Street, Suite 4200 
 Houston, Texas 77002 
 Telecopy: (713) 238-7111 
 Attention: Mark Young 
 To SkyTerra: 
 SkyTerra Communications, Inc. 
 19 West 44th Street, Suite 507 
 New York, New York 10036 
 Facsimile: 
 Attn: Robert C. Lewis 
  

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 EXECUTION 
 with a copy (which shall not constitute notice) to: 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 Four Times Square 
 New York, New York 10036 
 Facsimile: (917) 777-2918 
 Attn: Gregory A. Fernicola, Esq. 
  

 -14- 

 EXECUTION 
 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement on the day and year first above written. 
  

			
	SKYTERRA COMMUNICATIONS, INC.
		
	By:	 	 /s/ Jeffrey A. Leddy

	Name:	 	Jeffrey A. Leddy
	Title:	 	Chief Executive Officer and President
	
	MOTIENT CORPORATION
		
	By:	 	 /s/ Christopher Downie

	Name:	 	Christopher Downie
	Title:	 	 Executive Vice President
 and Chief Operating
Officer

  

 -15-

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