1. © 2012, XL Group plc companies. All rights reserved. MAKE YOUR WORLD GO Yellow R= 255 G= 255 B= 0 Orange R= 244 G= 121 B= 32 Magenta R= 236 G= 0 B= 14- Red R= 237 G= 28 B= 36 Lt Green R= 141 G= 198 B= 63 Green R= 57 G= 181 B= 74 Cyan R= 0 G= 174 B= 239 Dk Blue R= 45 G= 49 B= 146 Yellow 2 R= 213 G= 206 B= 146 Orange 2 R= 203 G= 125 B= 101 Mag 2 R= 182 G= 114 B= 146 Red 2 R= 239 G= 63 B= 107 LG2 R= 156 G= 162 B=63 Green 2 R= 0 G= 137 B= 143 Cyan 2 R= 0 G= 182 B= 190 DB2 R= 0 G= 65 B= 89 COMSTAC Business / Legal Working Group Outbrief Chris Kunstadter | XL Insurance | October 10, 2012

2. © 2012, XL Group plc companies. All rights reserved. MAKE YOUR WORLD GO Topics  GSO forecast  CSLA indemnification extension – Greg Rasnake  FAA / NASA insurance task – Pam Underwood  Limitation of liability for spaceflight participants – Pam Melroy  GAO report on MPL methodology – Randy Repcheck

3. © 2012, XL Group plc companies. All rights reserved. MAKE YOUR WORLD GO GSO Forecast Recommendation BLWG R1: COMSTAC recommends that FAA/AST continue to support the annual GSO Forecast – an important and highly-regarded product of COMSTAC and FAA/AST.

4. © 2012, XL Group plc companies. All rights reserved. MAKE YOUR WORLD GO CSLA Indemnification Extension Observation BLWG O1: COMSTAC observes that the CSLA indemnification regime enhances many aspects of U.S. industry, including commercial launches and reentries supporting telecommunications, earth imaging, science, national security, and ISS cargo missions.

5. © 2012, XL Group plc companies. All rights reserved. MAKE YOUR WORLD GO CSLA Indemnification Extension Observation BLWG O2: COMSTAC continues to stress the singular importance of the CSLA indemnification regime to the US aerospace industry from the standpoint of international competitiveness. This position is supported by the recent GAO report on commercial space launches (GAO-12- 899)

6. © 2012, XL Group plc companies. All rights reserved. MAKE YOUR WORLD GO CSLA Indemnification Extension Recommendation BLWG R2: COMSTAC recommends that FAA/AST continue to actively support and closely monitor – and to update COMSTAC on – the CSLA indemnification regime extension in Congress.

7. © 2012, XL Group plc companies. All rights reserved. MAKE YOUR WORLD GO FAA / NASA Insurance Task Recommendation BLWG R3: COMSTAC recommends that FAA/AST continue to seek the input of the insurance industry in its ongoing revision of the FAA / NASA Insurance Task report.

8. © 2012, XL Group plc companies. All rights reserved. MAKE YOUR WORLD GO FAA / NASA Insurance Task Finding BLWG F1: COMSTAC finds that it would be beneficial for the FAA / NASA Insurance Task report be completed and available for public release by the time of the next COMSTAC meeting.

9. © 2012, XL Group plc companies. All rights reserved. MAKE YOUR WORLD GO Waivers for Flights with Many Payloads Finding BLWG F2: COMSTAC finds that FAA/AST may wish to provide a specific task to COMSTAC based on FAA/AST’s interest in pursuing a simplified process for putting in place cross-waivers for flights with many payloads (e.g., suborbital flights with numerous payloads for different parties).

10. © 2012, XL Group plc companies. All rights reserved. MAKE YOUR WORLD GO MPL Methodology Observation BLWG O3: COMSTAC observes that the MPL process re- evaluation, as recommended by GAO in its recent report, is a top priority for FAA/AST. COMSTAC’s BLWG will convene to develop a response to FAA/AST’s task.