GRANT AGREEMENT (Non-Qualified Share Options/Tandem SARs)Grant Agreement • June 13th, 2011 • Loral Space & Communications Inc. • Radio & tv broadcasting & communications equipment • Ontario
THIS AGREEMENT (this “Agreement”), executed this 31st day of May 2011 amends and restates a grant made on the 19th day of September 2008 by and among Telesat Holdings Inc. (the “Company”), Telesat Canada (the “Employer”), Michael C. Schwartz (the “Participant”), and for the purposes of Sections 11, 12, 13, 15, 16 and 18 only, Loral Space & Communications Inc. (“Loral”), and for the purposes of Sections 11, 12, and 13 only, the Public Sector Pension Investment Board (“PSP”), and only for the purposes of Sections 16, 17(b) and 21, 4440480 Canada Inc. (the “Special Purchaser”, collectively with the Company, the Employer, the Participant, Loral and PSP, the “Parties”).
