ViaSat 79 WL Increas

OTHER submitted by ViaSat, Inc.

Increased Bond

2017-10-02

This document pretains to SAT-LOI-20160208-00014 for Letter of Intent on a Satellite Space Stations filing.

IBFS_SATLOI2016020800014_1284585

                                                                555 Eleventh Street, N.W., Suite 1000
                                                                Washington, D.C. 20004-1304
                                                                Tel: +1.202.637.2200 Fax: +1.202.637.2201
                                                                www.lw.com

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October 2, 2017                                                 Chicago         Riyadh
                                                                Dubai           Rome
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VIA ELECTRONIC FILING                                           Frankfurt       San Francisco
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Ms. Marlene H. Dortch                                           Houston         Silicon Valley
                                                                London          Singapore
Secretary                                                       Los Angeles     Tokyo
Federal Communications Commission                               Madrid          Washington, D.C.
445 12th Street, S.W.                                           Milan

Washington, D.C. 20554


              Re:      ViaSat, Inc., Increased Satellite Bond, IBFS File No. SAT-LOI-20160208-
                       00014; Call Sign S2952

Dear Ms. Dortch:

       ViaSat, Inc. (“ViaSat”) hereby submits a copy of the performance bond reflecting an
increase in the maximum penal sum that will be effective on October 5, 2017.

       Should you have any questions regarding this filing, please contact the undersigned.



                                            Respectfully submitted,

                                                   /s/

                                            Elizabeth R. Park


Enclosure

cc:    Stephen Duall


                                                                         This bond is executed in Duplicate

                                                                                          Bond No. 0696269

                                      License and/or Permit Continuous Bond

KNOW ALL MEN BY THESE PRESENTS, that we ViaSat. Inc, as Principal, and International Fidelity
Insurance Company, a New Jersey corporation, as Surety, are held and firmly bound unto the United
States Treasury, as Obligee, in the maximum penal sum of One Million Eight Hundred Thousand and
No/100 ($1,800,000.00) U.S. Dollars, which said penal sum shall cover the maximum liability that may
accrue through October 5, 2018 ("Maximum Acerual Date"), and which may be increased by Surety
pursuant to the terms and conditions set forth below, for which payment, well and truly to be made, we
bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly,
by these presents.

WHEREAS, the above bounden the Principal has obtained authorization from the Federal
Communications Commission ("FCC") for authority to access the United States market using a
Geostationary Orbit ("GSO") Satellite pursuant to its applications, FCC File No. SAT—LOI—20160208—
000 14; Call Sign $2952 ("Authorization"), in accordance with the terms and conditions set forth in the
Conditions for Letter of Intent attached to the FCC‘s original grant of the Authorization on October 5
2016, including the filing of this bond with the FCC pursuant to the Authorization;

WHEREAS, on January 18, 2017, the FCC issued guidance regarding certain requirements for
maintaining satellite space station surety bonds pursuantto the escalating bond framework it adopted on
December 15, 2015;

WHEREAS, the term of the previously issued bond pursuant to the Authorization began October 5, 2016
and will expire on October 4, 2017;

WHEREAS, the Principal and the Surety wish to extend the term of the bond, and accordingly increase
the maximum penal sum, and hereby amend and restate the bond language to reflect the FCC‘s guidance;
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 Principal shall
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 shall be void, otherwise to remain in full force and
effect.

PROVIDED HOWEVER, that this bond is subject to the following conditions:

         1.       The GSO Satellite authorized by the FCC must be launched, positioned in its assigned
orbital location, and operated in accordance with the station authorization no later than October 5, 2021.

         2.     This bond shall be in effect from October 5, 2017 until the FCC issues a notice ofrelease
of this bond.

          3.    Upon agreement by the Surety and the Principal, the maximum penal sum of this bond
may be increased to cover the maximum liability that may accrue after the Maximum Accrual Date and


until the Principal has satisfied the milestone set forth in paragraph 1. Failure ofeither party to increase
the maximum penal sum pursuant to this paragraph shall not be considered a default hereof. If either
party elects not to increase the maximum penal sum to cover any liability that may accrue afterthe
Maximum Accerual Date, the Surety or the Principal, as the case may be, shall provide to the other party
written notice of such election at least sixty (60) days priorto the Maximum Accrual Date. If the Surety
and the Principal agree to increase the maximum penal sum beyond the Maximum Accrual Date, the
maximum penal sum of the bond shall be increased on an annual basis, via a certificate or rider to this
bond sent to the FCC and the Obligee, commencing on the day after the Maximum Accrual Date. Such
certificate or rider shall increase the maximum penal sum in the amount by $400,000 per year until the
earlier of (i) the date on which the condition in paragraph 1 above shall have been satisfied, and (ii) the
date on which the Authorization is surrendered, revoked, or declared null and void.

        4.      In the event of a Notice of Default (i.e., an order or public notice, or notice ofaction
taken) issued by the FCC revoking or declaring null and void the Authorization, oraccepting surrender of
the Authorization by the Principal, the Surety shall be liable only up to the amount that equals $1,000,000
+ $2,000,000*D/1827, where D is the lesser of 1827 or the numberof days that have elapsed from
October 5, 2016 until the date the authorization is surrendered, revoked or declared null and void, as
identified in the Notice of Default. It is also understood and unconditionally agreed that upon receipt of
such Notice of Default, the sole remedy under this bond will be the tender of payment ofthe amount
calculated pursuant to this formula within thirty (30) business days of such Notice of Default, except that
the liability of the Surety shall not exceed the maximum penal sum of the bond (taking into account any
subsequent certificates or riders to the bond that may be executed, as described above).

Any such Notice of Default made under this Bond shall be made in writing and shall be given by a
personal delivery or expedited delivery service, postage pre—paid, addressed to the parties at the addresses
specified below:

        To the Surety:           International Fidelity Insurance Company
                                 2400 East Katella Avenue, Suite 250
                                 Anaheim, CA 92806

        To the Principal:        ViaSat, Inc.
                                 Attn: Office of the Chief Financial Officer
                                 6155 El Camino Real
                                 Carlsbad, CA 92009


5.      No right of action shall acerue on this bond to or for the use of any person or corporation other
than the Obligee named herein or the heirs, executors, administrators or successors of the Obligee.

6.      If any conflict or inconsistency exists between the Surety‘s obligation or undertakings as
described in this bond and as described in other documents, statutes or regulations, then the terms of this
bond shall prevail.

PROVIDED FURTHER, that regardless of the number ofyears this bond shall continue or 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 than the maximum penal sum (taking into account any subsequent
certificates or riders to the bond that may be executed, as described above).


PROVIDED FURTHER, that this bond shall be effective on the 5th day of October, 2017 and shall cease
at such time as the FCC confirms that the Principal has satisfied the milestone set forth in paragraph 1
above, unless earlier cancelled as provided herein.

        Signed, sealed and dated the 25th day of September, 2017.

                                                  Principal: ViaSat, Inc.


                                                  By:    (    5? >‘: :
                                                  Shawn Duffy, Senior Vice President and CFO



                                                  Surety: International Fidelity Insurance Company




                                                  Jegsica Ho Saénder, Attorney—in—Fact


    it                                                                POWER OF ATTORNEY
                                                            INTERNATIONAL FIDELITY INSURANCE COMPANY
                                                                  ALLEGHENY CASUALTY COMPANY
                                                     ONE NEWARK CENTER, 20TH FLOOR NEWARK, NEW JERSEY 07102—5207

 KNOW ALL MEN BY THESE PRESENTS:                 That INTERNATIONAL FIDELITY INSURANCE COMPANY , a corporation organized and existing under
 the laws of the State of New Jersey, and ALLEGHENY CASUALTY COMPANY a corporation organized and existing under the laws of the State of
 Pennsylvania, having. their principaloffice in the City of Newark, New Jersey, do hereby consfitute and appoint

 JESSICA HOLLAENDER, JEREMY POLK




 Phoenix, AZ.
 their true and lawful attorney(s)—in—fact to execute, seal and deliverfor and on its behalf as surety, any and all bonds and undertakings, contracts of indemnity
 and other writings obligatory in the nature thereof, which are or may be allowed, required orpermitted by law, statute, rule, rgfiulatlon contract or otherwise,
 and the execution of such |nstrument(a_ iné)ursuance of these presents, shall be as binding upon the Said_ INTERNATIONAL FIDELITY INSURANCE
 COMPANY and ALLEGHENY CASUALTY COMPANY, as fully and amply, to all intents and purposes, as if the same had been duly executed and
 acknowledged by their regularly elected officers at their principal offices.
 This Power of AltomeL is executed, and mfg be revoked, pursuant to and b¥) authority of the By—Laws of INTERNATIONAL FIDELITY INSURANCE
 COMPANY and ALLEGHENY CASUALTY COMPANY and is granted under and by authority of the following resolution adopted by_ the Board of Directors
 of INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting duly held on the 20th day of July, 2010 and by the Board of Directors of ALLEGHENY
 CASUALTY COMPANY at a meeting duly held on the 15th day of August, 2000:
 "RESOLVED, that (1) the President, Vice President, Chief Executive Officer or Secretary of the Corporation shall have the Power to appoint, and to revoke
 the appointments of, Attorneys—in—Fact or agents with power and authority as defined or limited in their respective powers of altorney, and to execute on behalf
 of the Corporation and affix the Corporation‘s seal thereto, bonds, undertakings, recognizances, contracts of indemnity and other written obligations in the
 nature thereof or related thereto; and (2) any such Officers of the Cor{:orali_on may appoint and revoke the apfiomlmen s of joint—control custodians, agents
 for acceptance of process, and Aftorneys—in—fact with authority to execute waivers and consents on behalf of the Corporation; and                  (3) the signature of any
such Officer of, the Corporation and the Corporation‘s seal may be affixed by facsimile to any power of attorney or certification given for the execution of any
bond, undertaking, recognizance, contract of indemnity or other written cbg?a(ion in the nature thereof or related_ thereto, such signature and seals when
so used whether heretofore or hereafter, being hereby adoPted by the Corporation as the original signature of such officer and the original seal of the
Corporation, to be valid and binding upon the Corporation with the sameforce and effect as though manually affixed."

IN WITNESS WHEREOF, INTERNATIONAL FIDELITY INSURANCE COMPANY and ALLEGHENY CASUALTY COMPANY haveeach executed and
attested these presents on this 22nd day of July, 2014.


                                                          STATE OF NEW JERSEY
                                                          County of Essex                      %Z‘/,,f4__",‘__“:é'




                                                                                                     ROBERT W, MINSTER                 :
                                                                                          Chief Executive Officer (International Fidelt
                                                                                          Insurance Company) and President (Allegheny
                                                                                          Casualty Company)

On this 22nd. day of July 2014, before me came the individual who executed the preceding instrument, to me personally known, and, being by me duly
sworn, said he is the therein described and authorized officer of INTERNATIONAL FIDELITY INSURANCE COMPANY and ALLEGHENY CASUALTY
COMPANY ; that the seals affixed to said instrument are the Corporate Seals of said Companies; that the said Corporate Seals_and his signature were
duly affixed by order of the Boards of Directors of said Companies.
                                                                     IN TESTIMONY WHEREOF, 1 have hereunto set my hand affixed my Official Seal,
               qmm                                                   at the City of Newark, New Jersey the day and yearfirst above written.
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                           Canmarastt®                                           CERTIFICATION
1, the undersigned officer of INTERNATIONAL FIDELITY INSURANCE COMPANY and ALLEGHENY CASUALTY COMPANY do hereby certify that | have
compared the foregoing copy of the Power of Aftorney and affidavit, and the copy of the Sections of the By—Laws of said Companies as set forth in said
Power of Attorney, with the originals on file in the homeoffice of said companies, and that the same are correct transcripts thereof, and of the whole
of the said originals, and that the said Power of Attorney has not been revoked and is now in full force and effect.

IN. TESTIMONY.                 WHEREOF,.               1 have hereunto set.my hand this      25                 day of   September         2017




                                                                                                                     MARIA BRANCO, Assistant Secretary


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 County of


                   Date                                                         N              itle/of the Officer
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  /                        /                                 / Name(s)of Signer(s)~             ~                / |

 who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s)" |s/§.l=e/
 subscribed to the within instrument and acknowled ed to me that he/she/theyexecuted the same in
 his/her/their authorized capacity(ies}, and that by his/her/their signature(s)on the instrument the person(s),"
 or the entity upon behalf of which the person(s)acted, executed the instrument.
                                                                 I certify under PENALTY OF PERJURY under the laws
                                                                 of the State of California that the foregoing paragraph
                                                                 is true and correct.

                         SHELLEY M. SWEDO                        WITNESS my
                       Notary Public — California
                          San Diego County           €           5    M
          id ind      Commission # 2186398 &                      ignature
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)ggcnorporate Officer — Title(s); Wmu”'fl'                            [] Corporate Officer — Title(s): ______________
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                              VIESHVINE:——                                                TAETRAILCE                     COMmPANNY
 Signer is Representing:                                 —           Signer Is Representing:             +

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Document Created: 2017-10-02 11:20:18
Document Modified: 2017-10-02 11:20:18

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