Personal Spaceflight Federation

PERSONAL SPACEFLIGHT FEDERATION Board Meeting – Dec 19, 2008 Minutes Offices of K&L Gates 1601 K st. NW, Washington, D.C.

NOT FOR DISTRIBUTION

Member Representatives: Eric Anderson – CEO, Space Adventures Lance Bush – CSO, Paragon Space Development Corp. John Carmack – CEO, Armadillo Aerospace Jeff Feige – CEO, Orbital Outfitters Daniela Glick – Chair, New Mexico Spaceport Authority Jeff Greason – CEO, XCOR Aerospace Brienna Henwood – Business Development Manager, NASTAR Tim Hughes – VP and Chief Counsel, SpaceX Art Dula – CEO, Excalibur-Almaz Charles Miller – Senior Advisor, Excalibur-Almaz Bill Khourie – Executive Director, Oklahoma Spaceport Steve Landeene – Executive Director, Spaceport America Taber McCallum – CEO, Paragon SDC Vernon McDonald – Group Manager, Wyle Bernie McShea –VP Business Development, Space Florida Robert Millman – Counsel, Blue Origin Elon Musk – CEO & CTO, SpaceX Allison Odyssey – Engineering Manager, Space Florida Will Pomerantz – CEO, X PRIZE Foundation Joel Scotkin – Lead Investor, Masten Space Systems Mark Sirangelo – CEO, SpaceDev Larry Williams – VP Strategic Relations, SpaceX Stu Witt – General Manager, Mojave Spaceport

Personal Spaceflight Federation Staff and Advisors: Brett Alexander – President, Personal Spaceflight Federation John Gedmark – Executive Director, Personal Spaceflight Federation James Muncy – Senior Advisor, Personal Spaceflight Federation Matthew Isakowitz – Volunteer Assistant, Personal Spaceflight Federation Bruce Heiman – Partner, K&L Gates Paul Stimers – Associate, K&L Gates

Special Guests: Members of the President-Elect Transition Team on Space  Lori Garver (Team Lead)  George Whitesides AGENDA (Presentation slides attached as Appendix A)

1) Call to order; State of the industry briefing 2) Formal board actions 3) 2009 Legislative Agenda 4) Additional Policy Items 5) Special Guests – Lori Garver and George Whitesides

Meeting called to order by Vice-Chairman Jeff Greason at 9:00 am.

1) State of the industry briefing – John Gedmark John Gedmark briefed the members on recent industry developments, including Richard Garriott’s flight to the International Space Station brokered by Space Adventures, SpaceX’s successful flight to orbit of Falcon 1, Armadillo Aerospace’s successful flights to win level 1 of the Lunar Lander Challenge, first flight of WhiteKnightTwo for Scaled Composites/Virgin Galactic, the PSF suborbital science workshop in San Francisco, and various other accomplishments by PSF members.

John Gedmark also briefed the members on new political developments of importance to the industry, particularly the results of the 2008 elections. Members discussed expected executive branch appointments, new Members of Congress, and President-Elect Obama’s Transition Teams on various areas.

Action items:  Pursue additional contacts with the President-Elect Transition Team, particularly in the Defense and Transportation areas

2) Formal board actions – John Gedmark After approving a quorum, the Board took the following actions:  Approved minutes from last meeting, by unanimous vote  Reviewed Membership, including reduction in membership due to the closure of several companies in the industry: Rocketplane-Kistler, t/Space, AirLaunch LLC, and Benson Space Company. o Currently 12 Executive and 6 Associate o Ratified Masten Space Systems as new Executive Member, represented by CEO David Masten, by unanimous vote  Reviewed budget cutbacks due to decline in membership  Approved budget, by unanimous vote  Approved dues increase to $11,000 per year for Executive Members, $5,500 per year for Associate Members, by unanimous vote

Action items:  Pursue additional international and spaceport members 3) 2009 Legislative Agenda – Bretton Alexander Bretton Alexander presented to the members a proposed legislative agenda for the coming year. A commercial space bill for 2009 was discussed that included a number of components. The highest priorities were determined to be support for Commercial Orbital Transportation Services (COTS D), commercial suborbital science, spaceport infrastructure funding, and commercial R&D funding.

Action items:  Prepare list of shovel-ready spaceports infrastructure projects for pursuit of funding in the stimulus bill  Revise C-STARS (“Commercial Space As Reality Soon”) white paper and legislative agenda to incorporate member suggestions: supporting unmanned as well as manned suborbital science; funding for broader R&D activities

4) Additional Policy Items Members were briefed on progress in a number of other areas, including the Aerospace Corporation safety study, regulatory developments, state liability legislation, and public relations efforts.

Action items:  Follow-up with members on standards activities, including propellant handling and coordinated informed consent document

Meeting was temporarily adjourned for lunch between noon and 1 pm.

5) Special guests – Lori Garver and George Whitesides Ms. Garver and Mr. Whitesides, from the Obama Transition Team for Space, listened to opinions of the members on a variety of topics, including the COTS program, the commercial suborbital science program, spaceports infrastructure grants, funding for commercial human spaceflight R&D, and commercial services procurement.

Action items:  Prepare meeting summary document for Obama Transition Team website

Meeting adjourned at approximately 2 pm. APPENDIX A (Presentation Slides)