LeoSat Surety Bond s

OTHER submitted by LeoSat MA, Inc.

Surety Bond Rider

2019-04-18

This document pretains to SAT-PDR-20161115-00112 for Petition for Declaratory Ruling on a Satellite Space Stations filing.

IBFS_SATPDR2016111500112_1658223

1 8 0 0 M S T R E E T, N W SU ITE 800N W ASHINGTON, DC 20036 TEL 202.783.4141 FA X 202.783.5851 W W W .W BKL AW .C O M April 18, 2019 Marlene H. Dortch Secretary Federal Communications Commission 445 12th Street, S.W. Washington, DC 20010 Re: Submission of Surety Bond LeoSat MA, Inc., IBFS File No. SAT-PDR-20161115-00112 (Call Sign S2979) Dear Ms. Dortch: In accordance with Section 25.165 of the Commission’s rules, 47 C.F.R. § 25.165, and paragraph 25.a of the Order and Declaratory Ruling1 granting access to the U.S. Market to LeoSat MA, Inc. (“LeoSat”) for the operation of a non-geostationary satellite system operating in Ka-band spectrum, LeoSat hereby submits the attached surety bond rider. The surety bond rider is in the dollar amount of $60,000 (increasing the bond amount to $1,340,000) which is the amount required to cover the 31-day period from April 20, 2019 until May 20, 2019 pursuant to the formula set forth in Section 25.165(a)(1) of the Commission’s rules. 2 LeoSat and the surety will execute a rider to the bond on or before May 20, 2019 to increase the amount of the bond in accordance with the Commission’s requirements. Following the close of LeoSat’s Series A financing, which LeoSat expects to occur shortly, LeoSat expects to file future riders covering periods of time of one year or longer. 1 See LeoSat MA, Inc., Petition for Declaratory Ruling Concerning U.S. Market Access for the LeoSat Ka-band Low-Earth Orbit Satellite System, Order and Declaratory Ruling, 33 FCC Rcd 11486, ¶ 25.a (2018). 2 47 C.F.R. § 25.165(a)(1).

Marlene H. Dortch April 18, 2019 Page 2 Please direct any questions regarding this matter to the undersigned. Respectfully Submitted, /s/ Lynne M. Montgomery Lynne M. Montgomery Phillip R. Marchesiello Counsel to LeoSat MA, Inc. Attachment

SURETY RIDER To be attached to and form a part of Bond No. 800041798 dated 11/19/2018 effective (MONTH-DAY-YEAR) executed by LeoSat MA, Inc. , as Principal, (PRINCIPAL) and by Atlantic Specialty Insurance Company as Surety, in favor of United States Treasury (OBLIGEE) in consideration of the mutual agreements herein contained the Principal and the Surety hereby consent to changing The Bond Amount to: One Million Three Hundred Forty Thousand And No/100 ($1,340,000.00) Nothing herein contained shall vary, alter or extend any provision or condition of this bond except as herein expressly stated. This rider is effective 4/20/2019 (MONTH-DAY-YEAR) Signed and Sealed 4/17/2019 (MONTH-DAY-YEAR) LeoSat MA, Inc. (PRINCIPAL) By: Joseph C Anders, President (PRINCIPAL) tlantic Specialty surance Company Con Riddle, Attorney-in-Fact S-O443IGEEF 10199

1 OneBeacon N5UP.C& GROUP KNOW ALL MEN BY THESE PRESE NTS, that ATLANTIC SPECI ALTY INSURNCE COMPANY, a New York Minnesota, does hereby constitute and appoin corporation with its principal office tn Plymo t: Con Riddle, each individually uth, deliver, for and on its behalf as surety, any and if there be more than one named, its true and lawful all bonds, recognizances, contracts of indemnity, Attorney-in-Fact, to make, execute, seal and undertaking executed under this authority and all other writings obligatory in the nature shall exceed in amount the sum of: sixty million thereof; provided that no bond or indemnity, and all other writings obligatory in the nature dollars ($60,000,000) and the execution of such bonds, recognizance thereof in pursuance of these presents, shall s, contracts of authorized officer of the Company and be as binding upon said Company as if they sealed with the Company seal. This Power had been fully signed by an Board of Directors of ATLANTIC SPECI of Attorn ey is made and executed by authority of the ALTY INSURANCE COMPANY on the twenty following resolutions adopted by the -fifth day of September, 2012: Resolved: That the President, any Senior Vice President or Vice-President (each an “Autho all bonds, recognizances, contracts of indem rized Officer”) may execute for and in nity, and all other writings obligatory in the behalf of the Company any and Authorized Officer may appoint and author nature thereof, and affix the seal of the Compa ize an Attorney-in-Fact to execute on behalf ny thereto; and that the seal thereto; and that the Authorized Office of the Company any and all such instruments r may at any time remove any such Attorn and to affix the Company Fact. ey-in-fact and revoke all power and authority given to any such Attorney-in- Resolved: That the Attorney-in-Fact may be given full power and authority to execut recognizances, contracts of indemnity, and e for and in the name and on behalf of the Compa all other writings obligatory in the nature thereof ny any and alt bonds, be as binding upon the Company as if signed , and any such instrument executed by any and sealed by an Authorized Officer and, further such Attorney-in-fact shall required to be attached to bonds, recognizance , the Attorney-in-Fact is hereby authorized s, contracts of indemnity, and all other writing to verify any affidavit s obligatory in the nature thereof. This power of attorney is signed and sealed by facsimile under the authority of the follow INSURANCE COMPANY on the twenty ing Resolution adopted by the Board of Directo -fifth day of September, 2012: rs of ATLANTIC SPECIALTY Resolved: That the signature of an Authorized Officer, the signature of the Secretary or the facsimile to any power of attorney or to any Assistant Secretary, and the Company seal certificate relating thereto appointing an Attorn may be affixed by undertaking, recognizance or other written ey-in-Fact for purposes only of executing obligation in the nature thereof, and any such and sealing any bond, as the original signature of such officer signature and seal where so used, being and the original seal of the Company, to be valid hereby adopted by the Company manually affixed. and binding upon the Compan) with the same force and effect as though IN WITNESS WHEREOF, ATLANTIC SPECIALTY INSURANCE COMPANY to be affixed this twenty-sixth day of Octobe has caused these presents to be signed by an Autho r, 2017. rized Officer and the seal of the Company STATE OF MINNESOTA HENNEPIN COUNTY R,a?i ‘s/ Paul]. Breltm, Senior Vice President On this twenty-sixth day of October, 2017, before me personally came Paul J. Brehm, personally known to be the individual and Senior Vice President of ATLANTIC SPECI officer described in and who executed the ALTY INSURANCE COMPANY. to me duly sworn, that he is the said officer of preceding instrument, and he acknowledged the Company aforesaid, and that the seal affixed the execution of the same, and being by me signature as such officer ss’as duly affixed to the preceding instrument is the seal of said and subscribed to the said instrument by the Company and that the said seal and the authority and at the direction of the Compa ny. Januar3l 2020 Notary Public I, the undersigned, Secretary of ATLA NTIC SPECIALT’x’ INSURANCE COMP force and has not been revoked, and ANY, a New York Corporation, do hereby the resolutions set h alov are certify that the foregoing power of attorney is in in force. full Signed and sealed. Dated f7//I day of :‘Z21Z1J Jl ‘7 This Pover of Attorney expires October 1, 2019 5 \‘Z, 1986 ‘a11, Ci cE’-— Chri5topher V. Jerry. Secretary


Document Created: 2019-04-18 15:45:19
Document Modified: 2019-04-18 15:45:19
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