Loral Space & Communications Inc. in connection with the consummation on November 18, 2021 and November 19, 2021 (the ? Closing Date?) of the transactions contemplated by the Transaction Agreement and Plan of Merger (as amended, the ? Transaction Agreement?), dated as of November 23, 2020, as amended on June 24, 2021, by and among Telesat Canada (?Telesat?), Telesat Corporation (?Telesat Corporation?), Telesat Partnership LP (?Telesat Partnership?), Telesat CanHoldco Corporation, Loral, Lion Combination Sub Corporation (?Merger Sub?), Public Sector Pension Investment Board (? PSP Investments?) and Red Isle Private Investments Inc., pursuant to which, among other things, Merger Sub merged with and into Loral (the ? Merger?), with Loral surviving the merger as a wholly owned subsidiary of Telesat Partnership. Effective at the Effective Time, all of the directors of Loral ceased serving as directors of Loral. In addition, all of the officers of Loral, including all Section 16 executive officers, ceased serving in their capacity as officers of Loral. Effective at the Effective Time, Andrew Browne and Christopher DiFrancesco were elected as the directors of Loral, Daniel Goldberg was appointed as the President and Christopher DiFrancesco was appointed as the Secretary of Loral, each to hold office in accordance with the certificate of incorporation and bylaws of Loral until their respective successors are duly elected or appointed and qualified.