Attachment BOND

BOND

OTHER submitted by Mobile Satellite Ventures

BOND

2005-06-17

This document pretains to SAT-LOA-19980702-00066 for Application to Launch and Operate on a Satellite Space Stations filing.

IBFS_SATLOA1998070200066_438263

deniter . aner Vee Prenden Reputor Atrs Mobile Satelite Ventures u> wonk oz mc measem Ei: marnergesticc June 17, 2005 DLUD1p YPLI Via Hand Delivery Recai CERTL Ms. Marlene H. Dortch, Secretary eceived Federal Communications Commission ||, 445 12th Street, SW. N 2 1 2005 Washington, D.C. 20554 o PRee is m aun 1 7 2005 Re: Mobile Satellie Ventures Subsidiary CCC e connints Performance Bond for MSV—1; Call Sign S2388 *@Xeiamay File No. SAT—LOA—19980702—00066 File No. SAT—AMD—20001214—00171 File No. SAT—AMD—20010302—00019 File No. SAT—AMD—20031118—00335 File No. SAT—AMD—20040209—00014 File No. SAT—AMD—20040928—00192 Dear Ms. Dortch: On May23, 2005, the International Bureau ("Bureau") released a decision authorizing Mobile Satellite Ventures Subsidiary LLC (*MSV") to launch and operate an L—band Mobile Satellite Service ("MSS") satellit at 101°WIL.‘ In accordance with paragraph 77 of this decision and Section 25.165 of the Commission‘s rules, MSV hereby files a copy of its required $3 1million performance bond and related documents. See Order§ 77; 47 C.F.R. § 25.165. Please direct any questions regarding this matter to the undersigned. Very truly yours, sennifer A. Manner Jennifer A. Manner ces Thomas Tyer Fem Jarmulnek Robert Nelson Cassandra Thomas ‘ See Mobile Satelite Ventures Subsidiary LLC, Order and Authorization, DA 05—1492 (May 23, 2005).

Thisbont is executedin Duptcate Bond No. 2054303 License and/or Permit Continuous Bond KNOW ALL MEN BY THESE PRESENTS, t we Mobile Satlfte Ventures Subsidiary LLC,asPrincipal, and North American Specilty Insurance Compans, Inc. a New Hampstire comporaion, as Surety, are hld and firmly bound untothe United States Treasiry,as Obligee, in the maximum penal sum ofThree NMilion and No100 ($2.000,000.00) U. 5. Dollarsas such maximum penal umm may bereduced pursuant o he erms and condiions set forth belou,forwhich payment, well and trdy to be made, we bind ourseves, ou heis, executors, adminstators, suecessors and assigns,jointy and several,frml, bythese presens WHEREAS, the above bounden Principal has obtained a lcense or permitfrom the Federal Communications Commission ("FCC") for authorty to construct,launch and operate a second generation L—band Mobile Satelite Sorvice satellte pursuant to is application, File No. SAT—LOA— 19980702—00066,Fle No. SAT—AMD:20001214—00171, Fle No. SAT—AMD—20010302—00019, File No. SAT—AMD—20031118—00335, Fle No. SAT—AMD—20040200—00014, Fle No. SAT—AMD—20040928— 00192 Call Sign $2358, in accordance with the terms and conditions set forth in its authorization, including the fling of this bond with the CC pursuant t the decision granting the lcense, Order and Authorization, DC 05—1492 (May 23, 2008), at paragraph 77. and WHEREAS, the Principal is required by law to file with the FCC a bond conditioned as hereinafter set forth; Now, THeREFORE, THE CONDITION OF THIS OBLIGATION Is SUCH, thatif the Principalshall well and truly perform each and every obligation set forth below at the time and in the manner specified during the term of this bond, then this obligation shallbe void, otherwise to remain in ful force and affect PROVIDED HOWEVER, that this bond is subject t the folowing conditions: 1. The second generation L—band Mobile Satelite Service satellite authorized by the FCC must be constructed, lunched and placed in operation in accordance with the technical parameters and terms and conditions of the grant authorization by the fllowing specified time periods (milestones}: a.. Execute a binding contract for construction May 23, 2006; b._ Complote the Critial Design Review by May 23, 2007; . Commence construction by May 23, 2008; and .. Launch and begin operations May 23, 2010. 2. Upon completion of each milestone confirmation of which will be filed with the FCC by the Princinal,and issuance of a Public Notice by the FCC confirming same, the maximum penal sum of the bond shallbereduced by $750,000.00 viaa rider to this bond sent to the FCC and the Obligee. 3. in the event of a Notice of Defoult (Le. an order or public notice revoing the Principal‘s authorization) issued by the FCC to the Princinal and the Surety regarding the performance of the — imilestones specifed above during the term ofthis band. the Surety shallbe iable only up to the current outstanding maximum penal sum amount after applicable milestone reductions. t also understood and unconditionally agreed that upon receipt of such Notice of Default,the sole remedy underthis bond will be the tender of payment of the current outstanding maximum penal sum of the bond within thirty (30) business days of such Notice of Default

Any such Notice of Dofault made under this Bond shall be made in wiiting and shall be given by a personal delivery or expedited delivery service, postage pre—paid. addressed to the parties at the addresses specified belows To the Surety: North American Specialty Insurance Company Alt: Surety Claims 1200 Arlngton Heights Rood, Sute 400 Itasea,IL 60143 To the Principals Mobile Satellite Ventures Subsidry LC Attn:. Eric Swank 10802 Parkridge Bvd Reston, VA 20191—5416 4. No right of action shall accrue on bond to or for the use of any person or corporation other than the Obligee named herein or the helrs, executors, administrators or successors of the Obligee. 5. If any conflict or inconsistency exists between the Surety‘s obligation or undertakings as described in this band and as described in other documents, statutes or regulations, then the terms of this bond shall prevail PROVIDED FURTHER,that regardless of the number of years this bond shall continueor be continued in force and of the number of premiums that shall be payable or paid the Surety shall not be liable hereunder for a larger amount, the aggregate, than the current outstanding maximum penal sum of this bond. PROVIDED FURTHER that this bond shall be effective on the _23rd day of _May 2005, and shall cease at such time as the FCC conirms that the Principal has satisfed all of the milestones set forth in paragraph 1 above, unless carlier cancelled as provided below. Signed. sealed and dated the _16th day of June e and Tite of Person Signi Aexander 8. Good Vice Chatrman & CBO

omoccoooc—o——ccapaomam Nas surery crour NoRnH Avertcay speciaury misurance company wasiivaron ryTERNATIONAL msuRaNce company oENERAL rower or arroRNey KNOW ALLMEX BY THESE PRESENTS, THAT Noh Amercan SpeiayInsuance Compon, a corporation duly orgaized and exsingunder lavs oftSate ofNew Harmpshr, and havig iprincial ffie i theCiy ofManchesr, New Hampai, and WastintonItematonal Inswrnce Company,a comontion oganized and exisingunderth avs oftheSofAizon and having it principal oc i the Ciy ofTsen, Htinis, eachdoes hereby make,contieand appoint rauL o. Avsrure, sreven‘r. avpemson Lors rean BLmW, KAY A HVLL and GERALL JAcRowSKI jointy erseenly hi trand awit Aorney@inFct, to make, excut,sealanddeliv, for and on ts tntalf and as s act and ded,bonds oother wiings lgatoy in thenature oa bod on betulf afeach ofid Companiesassurey,on contacs osreptipa areor mayb equred o pernited by Jaw, epulatoncontrict o therie, provided thtnoband orundenakingo contat osreysip exeeted underthiauthontyshallexceed he anountof revimttion 0000000pottArs This Power of Attomes s ranted an s igned byfisinileunder andby th authoriy ofth folwingReslutionadaptd by he Roans of Directos ofbtx North Ameriea Speiaty Insrance Companyand Washington Imernatonl Insrance Companyat mings dulycllsandheld on the 249 o March, 2000 "RESOLVED, ha any twofthePresiden, mExccutve Viee President any Vie resident, any Assizat Vie Presiden, the Sertan oany AssistantSeretay beand ech or y ofthem hereby is uthorized toexeute a Power of Atomey qualiyinthe atorey named n th gven Poner of Atomeyto execute on betalf othe Company bods,undetakings and ll contacts osuret, and hi each or any of hem hrshy is utorzed o atest o thexecion oany uch Poverof Atomey andt atach hsn thse ofhe Companyand ts FURTHER RESOLVED,h h signaturosuch offers and the en ofthe Company may beaffed t any such Power of Atome orto any cenifete eling hret b faesinils and any such Powerof Atomey o onl bearingsuchfcsiil igraures oisinlesalshall be binding upon the Company whenso afiedand in h fture it regad t ay bond undetaking or conrict of urey t which is atached" BA L sOR hh WetnntienInow on innantaney i wimniess WitEREOF, Noth AmercanSpecialy fnswance Compunyand Washigton IneratonalInswrance Company havecaidtheir 20 offcasels ob hersunt affid, and thespresets o b igned by tathorizedoffees hi_6 y of iniay North American Speiaty Insurance Company Washingon Iternational surance Company Siaeor1linis CountorDutage * Con this 6. dayor___Taniay 2003 befireme,a Noi Pubils perioally appeird uolD. Amitu . residentand CBOof WashintonInterationl Isuance Compaty and VieePresident o Norh Amercan Specialy Inawnce Company and Steien P Andeaon . Executve VieePesdent of WastigtonIternaonlInsrince Company and VicePresidentofNorth American Specdly Inswrance Compuny, personlly known to me,who bingby me duly swom, acknowledand ta hy signed the above PoueoAtomcy asofices of and acknowledaed suidinsrament o bethvolrtay actanddeed afthlr respeciv compaies E9m 1, fmes A Cirenir., he dily leind____AsitntSecsty of Norh America Specaty Inswanee Company and Woshingon Hitemational nsuance Compar, o herebyceny thatthe aboveand frepoing is racand seopy ofa Pover of Atomey uivn by uid Noth American Specay Insranc Company and WashingtoInteratlndInswance Company,which is til n fllfree and efect iN WiTS$ WHERROE,1havestmy hnd anafived te selsofthe Compunie ts 16day or Je ____,20.05 Jev,oust: oreiin mm o onic En enA nmux coren: Nemneiimedeennagnnrienny


Document Created: 2005-06-21 18:34:28
Document Modified: 2005-06-21 18:34:28
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