Note 13 Related Party Transactions

Lockheed Martin

Lockheed Martin, directly and through its wholly-owned subsidiary Astrolink International, LLC ("Astrolink"), is a significant holder of debt and equity instruments in the Company. On June 26, 2017, the Company entered into the strategic cooperation agreement with Lockheed Martin (the "Strategic Cooperation Agreement") pursuant to which the parties agreed to (i) collaborate on the development, production and sale of satellites for use in U.S. Government spacecraft and spacecraft procurements and (ii) establish a cooperation framework to enable the parties to enter into projects, research and development agreements and other collaborative business arrangements and “teaming activities.” In connection with the issuance of the Senior Secured Notes due 2026, the Company and

Lockheed Martin amended and restated the Strategic Cooperation Agreement to, among other things, extend the term to March 8, 2026. In connection with the Merger Agreement, the Strategic Cooperation Agreement was further amended and restated to extend the term to October 28, 2030 and was subsequently extended for an additional twelve months to October 28, 2031 in March 2022 pursuant to existing contractual terms. Refer to Note 5 "Debt" and Note 6 "Warrants and Derivatives" for further discussion regarding debt and equity transactions with Lockheed Martin.

The Company recognized revenue from Lockheed Martin of $14.9 million and $4.1 million during the three months ended June 30, 2022 and 2021, respectively, and $25 million and $7.9 million during the six months ended June 30, 2022 and 2021, respectively. In addition, the Company had accounts receivable due from Lockheed Martin of $7.7 million and $530 thousand as of June 30, 2022 and December 31, 2021, respectively.

As of June 30, 2022 and December 31, 2021, programs associated with Lockheed Martin represented approximately 80% and 56% of the Company's remaining performance obligations, respectively.

GeoOptics, Inc.

The Company owns a non-controlling equity interest in GeoOptics, Inc. (“GeoOptics”), a privately held company engaged in the acquisition and sale of Earth observation data and a purchaser of products and services from the Company. Additionally, one of the Company’s executive officers serves as a member of the GeoOptics board of directors. As of June 30, 2022 and December 31, 2021, the Company’s $1.7 million investment in GeoOptics represented less than a 3% ownership interest and was fully impaired.

The Company recognized revenue from GeoOptics of $944 thousand and $446 thousand during the three months ended June 30, 2022 and 2021, respectively, and $1.4 million and $766 thousand during the six months ended June 30, 2022 and 2021, respectively. In addition, the Company had accounts receivable due from GeoOptics of $302 thousand and $470 thousand as of June 30, 2022 and December 31, 2021, respectively.

As of June 30, 2022 and December 31, 2021, programs associated with GeoOptics represented approximately 3% and 9% of the Company's remaining performance obligations, respectively.

Transactions with Chairman and CEO

The Company leases office space in a building beneficially owned by its Chairman and CEO with a lease term of April 1, 2021 to March 31, 2026. The Company has a one-time right to extend the lease for a period of five additional years. The lease payments under this lease were approximately $59 thousand and $57 thousand during the three months ended June 30, 2022 and 2021, respectively, and $116 thousand and $57 thousand during the six months ended June 30, 2022 and 2021, respectively.

During the six months ended June 30, 2021, the Company's Chairman and CEO was paid $125 thousand for consulting services. There were no fees paid to the Company's Chairman and CEO for consulting services during the six months ended June 30, 2022.