Definitive Agreement between the Registrant and MJet GMBH dated June 11, 2019

Exhibit 10.3

Subject: VIP - ACJ319 - TURNKEY INSTALLATION OF AERKOMM K++

Dear Sir,

Further to the General Terms Agreement (the GTA) signed between Aircom Pacific, Inc. and MJet GmbH on 5^th March 2019, we are pleased to propose the hereby attached turnkey letter agreement (the “Letter”) reference “Aircom 12-05-2019 MSN 4353 Sat K++“.

We trust that this Letter will meet MJet GmbH‘s expectations and look forward to receiving the signed copy of this Letter.

Remaining at your disposal for further discussions.

Yours sincerely

Louis Giordimaina

COO - Aviation

Aircom Pacific, Inc

Enclosed: Letter Agreement Reference Aircom 09-06-2019 MSN 4353 Sat K++ rev 01

Letter Agreement

VIP - ACJ319 - TURNKEY INSTALLATION OF AERKOMM K++

Konstantin ESSLER

MJet GmbH

Concorde Business Park 1/C3/12,

2320 Schwechat, Austria

Subject: TURNKEY INSTALLATION OF AERKOMM K++ SATCOM SOLUTION on ACJ A319 MSN 4353

Aircom Pacific, Inc. (“Aircom”) and MJet GmbH (the “Company”) have discussed the embodiment of certain changes (the “Changes”) in aircraft configuration which are documented by AIRBUS Service Bulletin (the “SB”) and AIRBUS Supplemental Type Certificate (the “STC”) on the ACJ A319 aircraft, registration OE-LJG, MSN 4353 (the “Aircraft”).

This turnkey letter agreement (the “Letter”) reflects Aircom’s proposal and the General Terms Agreement (GTA) signed on 5^th March 2019 between Aircom and the Company with regard to said embodiment and certification, once signed, will confirm our mutual understanding regarding the provision of said SB and STC embodiment.

MJet accepts to make aircraft ACJ A319 MSN 4353 Registration OE-LJG available to Aircom as a prototype aircraft for the installation, testing, certification and connectivity services of Aircom’s Aerkomm K++ system.

Aircom shall perform or cause to be performed the services described in the relevant Attachments as follows: (the “Work”).

The Work shall be performed by an approved Airbus maintenance repair organisation under EASA Part 145 requirements, at a time as mutually agreed between both parties.

The Changes to be embodied through AIRBUS SB and AIRBUS STC shall be approved by EASA either by the privileges of PART 21 J Design Organisation Approval or by EASA for major Changes.

The Company shall obtain the necessary approval for the STC from the Company’s national aviation authorities or authority of the Aircraft country of registration if required.

It is hereby understood that Aircom shall not be held liable for and the Company waives to claim for any damages for late delivery of the Aircraft in case of delay to obtain the AIRBUS STC approval from the Company’s national aviation authorities or authority of the Aircraft country of registration.

Aircom shall provide the Company with an update of any relevant maintenance, operational and/or supplemental documentation, due to the performance of the Work.

Aircom shall inform the Company during the course of the Work about findings on the Aircraft, if any. Any work resulting from such findings shall be subject to written mutual agreement specifying the scope, lead time and prices between the parties hereto and be then considered as additional work (the ”Additional Work”).

Should the airworthiness authorities of the country of registration selected by the Company require, for the approval of the AIRBUS STC, the compliance with requirements in addition to those necessary for the EASA approval of the AIRBUS STC, and in the event such compliance with additional requirements require the performance of work on the Aircraft, such work shall be deemed to be Additional Work.

All Work and any agreed Additional Work actually accomplished, shall be recorded in a dedicated report (the "Report").

Work, Additional Work and ground checks shall be subject to the provisions of this Letter. Any other tasks including but not limited to catering, aircraft weighting or flight checks shall be subject to a separate and distinct contract.

Conditioned upon receipt by Aircom of the purchase order mentioned under Clause 3.1 and the Company fulfilling the requirements set forth in this Letter, the Work is scheduled to commence in common agreement with AIRBUS, Aircom and the Company for 6 weeks with a starting date to be mutually agreed between the parties.

Any modification to the schedule which should become necessary due to, among other reasons, changes in the availability of the Aircraft or modification of the scope or extent of the Work shall be subject to a written mutual agreement between the parties.

“CONFIDENTIAL INFORMATION – REDACTED”

Beneficiary Account No:

Beneficiary Name:

Beneficiary Address:

Bank Routing Number:

Swift Code:

Receiving Bank Name:

Receiving Bank Address:

or as otherwise indicated by Aircom.

Airbus, Aircom and the Company shall sign, before the start of the Work, an ”Incoming Inspection Report” evidencing the inspection performed on the Aircraft by Airbus.

To evidence the completion of the Work and/or Additional Work, Airbus or its designated subcontractor will hand over the signed certificate of release to service (the “CRS”) for the Work and/or Additional Work performed by Airbus designated subcontractor on the Aircraft.

Airbus will not release a CRS for the Company’s Work.

Should the Company not fulfill the obligations to provide and/or return equipment, components, accessories and parts maintained, repaired, inspected or overhauled by the Company with an authorized release certificate (FAA 8130-3 or EASA Form 1), Airbus or its designated subcontractor, as applicable, will hand over a signed certificate of work completion (the “CWC”).

Aircom/Airbus shall have the right not to deliver any of the above certificates should the Company not have complied with any airworthiness rules applicable to the performance of the Letter Agreement and/or to the Aircraft.

The Work is subject to the Aircom’s General Terms and Condition of Supply (the “GTCS”), current as of the date hereof, except that, to the extent that any provision of the GTCS conflicts with any term of this Letter, this Letter shall prevail.

If the foregoing correctly sets forth the terms and conditions of our mutual understanding regarding the performance of the Work, kindly indicate your agreement by signing where indicated below.