0001299933-06-004264 Sample Contracts

NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • June 20th, 2006 • Loral Space & Communications Inc. • Radio & tv broadcasting & communications equipment • Delaware

THIS AGREEMENT, made as of this 19th day of June, 2006 (the “Grant Date”), by and between Loral Space & Communications Inc., a Delaware corporation (the “Company”), and Richard J. Townsend (the “Optionee”).

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NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • June 20th, 2006 • Loral Space & Communications Inc. • Radio & tv broadcasting & communications equipment • Delaware

THIS AGREEMENT, made as of this 19th day of June, 2006 (the “Grant Date”), by and between Loral Space & Communications Inc., a Delaware corporation (the “Company”), and Dean A. Olmstead (the “Optionee”).

AMENDMENT NO. 1 TO EMPLOYMENT AGREEEMENT
Employment Agreement • June 20th, 2006 • Loral Space & Communications Inc. • Radio & tv broadcasting & communications equipment

This Amendment No. 1 (“Amendment No. 1”) to the Employment Agreement dated as of November 21, 2005 (the “Employment Agreement”) between Loral Space & Communications Inc., a Delaware corporation (the “Company”), and Richard J. Townsend (the “Executive”) is entered into as of June 19, 2006.

AMENDMENT NO. 1 TO EMPLOYMENT AGREEEMENT
Employment Agreement • June 20th, 2006 • Loral Space & Communications Inc. • Radio & tv broadcasting & communications equipment

This Amendment No. 1 (“Amendment No. 1”) to the Employment Agreement dated as of November 21, 2005 (the “Employment Agreement”) between Loral Space & Communications Inc., a Delaware corporation (the “Company”), and Avi Katz (the “Executive”) is entered into as of June 19, 2006.

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