Sky and Space Global Limited announce Virgin Orbit will acquire a stake in the Company and enter into new strategic launch services and mutual reseller agreements to support future growth. Upon completion of the stock issuance, the signing of the new agreements and the grant of options to Virgin Orbit, the previous AUD 55 million Launch Services Agreement (LSA) with Virgin Orbit will be terminated, with both parties to be released from all past, current and future obligations related to the LSA. Virgin Orbit will also be granted 7 million three-year options in SAS, exercisable at AUD 0.40 each, and will also be entitled to appoint an observer to the Board of Sky and Space Global. In addition, SAS and Virgin Orbit will enter into two new commercial agreements relating to launch services and mutual reseller arrangements. SAS and Virgin Orbit will sign a three-year, AUD 1 million per annum launch services and consulting agreement, commencing 1 July 2021. In addition, the two parties will enter into a Mutual Reseller Agreement, whereby Virgin Orbit will promote SAS' services to its current customer base, and SAS will refer and resell Virgin Orbit's launch services.