ContractConsignment Agreement • March 5th, 2013 • Virginia
WHEREFORE, LightSquared Network LLC, a Delaware limited liability company, and LightSquared Corp., a corporation organized and existing under the laws of Nova Scotia, Canada, as debtors and debtors in possession under title 11 of the United States Code, 11 U.S.C. §§ 101- 1532 (as amended, the “Bankruptcy Code”) (collectively, “Consignor”), owner of certain property more particularly described hereinafter (“Consigned Property”), and Rincon Technology, Inc., (“Consignee”), in exchange for good and sufficient consideration and the mutual promises and undertakings set forth in this Agreement (“Agreement”) do hereby agree to the following: