Description of Pro Forma Transaction

0015-EX-AU-2006 Text Documents

Globalstar, Inc.

2006-07-24ELS_77178

Globalstar, Inc. Exhibit 1 to FCC Form 703 Description of Transaction In the instant application, Globalstar, Inc. ("Globalstar") respectfully requests Commission approval for the proforma assignment of Globalstar‘s experimental authorizations from Globalstar to Globalstar Licensee LLC, a newly formed, wholly—owned subsidiary of Globalstar. The proposed assignment is being undertaken at the request of certain of Globalstar‘s lenders in connection with a recent financing transaction and, because the proposed assignee is wholly—owned by Globalstar, does not involve any change in the ultimate ownership or control of the subject licenses and authorizations Experimental Authorizations To Be Assigned LICENSEE (HOLDER) CALL SIGN FILE NO. TYPE Globalstar, Inc. WC2XOF 0159—EX—RR—2006 Expires 6/1/08 Globalstar, Inc. WBXAE 0036—EX—RR—2002, 0003—EX— Expires 3/1/07 AL—2004 Globalstar, Inc. WC2XXD 0114—EX—RR—2003, 0005—EX— Expires 3/1/07 AL—2004 Globalstar, Inc. WD2XHS 0210—EX—PL—2003 Expires 3/1/07 US1DOCS 5744390v1


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Document Modified: 2018-12-17 12:42:22
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