Ownership Assignee

0001-EX-AU-2004 Text Documents

Globalstar, L.P.

2004-02-02ELS_64698

New Operating Globalstar LLC Exhibit 1 Page 1 of 3 Ownership of Assignee This application requests assignment of an experimental license from Globalstar, L.P., to New Operating Globalstar LLC ("NGLLC"), a Delaware limited liability company. In separate applications, Globalstar, L.P. ("GLP"), and NGLLC have applied to transfer to NGLLC several satellite and earth station authorizations related to the Globalstar Above 1 GHz Mobile—Satellite Service system. See Public Notice DA 04—39, released Jan. 9, 2004 in IB Docket No. 04—4. GLP is the manager of the international Globalstar MSS business. At the time of transfer of the authorizations, the membership interests in the assignee NGLLC will be owned by: Thermo Satellite LP (Colorado) 61.59% 644 Gov. Nicholls Street New Orleans, LA 70116 Globalstar Holdings LLC (Delaware) 19.66% 644 Gov. Nicholls Street New Orleans, LA 70116 Globalstar, L.P. (Delaware) 18.75% 3200 Zanker Road San Jose, CA 95134 The officers and directors of NGLLC are listed below. All are U.S. citizens and can be contacted c/o Globalstar, 3110 Zanker Road, San Jose, CA 95134. N Anthony J. Navarra President and Director Terry R. Evans Senior Vice Pres., Sales & Business Development Megan L. Fitzgerald Senior Vice President, Operations Dan Mcentee Chief Financial Officer William F. Adler Senior Vice President, Legal & Regulatory Affairs Sam Garcia Vice President, Human Resources Jim Lynch Director Jay Monroe Director

New Operating Globalstar LLC Exhibit 1 Page 2 of 3 There are three members in NGLLC: Thermo Satellite LP (61.59%) ("Thermo Satellite"), Globalstar Holdings LLC (19.866%) ("Globalstar Holdings"), and GLP (18.75%). The ownership of GLP is outlined in the Order and Authorization approving transfer of earth station facilities related to the Globalstar system from Vodafone to Globalstar Corporation.! The majority owner of NGLLC is Thermo Satellite. Thermo Satellite has two limited partners, Jay Monroe (98%) and Jim Lynch (1%), and one general partner, Thermo Development, Inc. ("Thermo Development") (1%). Thermo Development, in turn, is owned 100% by Jay Monroe and the Monroe family. Mr. Monroe and Mr. Lynch are both U.S. citizens. The address for Thermo Satellite is 644 Gov. Nicholls Street, New Orleans, LA 70116. Thermo Development is associated with Thermo Capital Partners, L.L.C. ("TCP"), a private equity company formed to provide growth capital to small and medium sized companies. TCP and its affiliates have interests in power transmission companies and a competitive local exchange carrier. Globalstar Holdings will hold 19.66% of the membership interests of NGLLC. Globalstar Holdings is owned 1% by GLP, 6.6% by Thermo Investments L.P. ("Thermo Investments"), and 92.4% by Thermo Satellite, which is described above. Thermo Investments is owned 99% by Mr. Monroe and the Monroe family, and 1% by Thermo Development (see paragraphs above). The address for Globalstar Holdings is 3110 Zanker Road, San Jose, CA 95134. An organizational chart for NGLLC is provided on the next page. 1 See Vodafone Americas Asia, Inc. and Globalstar Corporation, 17 FCC Red 12849 (Int‘l Bur. 2002), and Public Notice, Report No. TEL—O00588. at 2 (released Oct. 17, 2002) (approving, pursuant to 47 U.S.C. § 310(b)(4), attributable indirect interests in GLP by Loral Space & Communications Ltd. of 41.31% equity and 58.83% voting).

New Operating Globalstar LLC Exhibit 1 Page 3 of 3 At Interest Acquisition Date FCC Approval Thermo J. Monroe & Development, Inc. Family (US) (CO) Globalstar 0, Holdings 1% Globalstar, L.P. Thermo LLC (DE) Investments L.P. (DE) (CO) 19.66% 18.75% o x 92.4% New Operating Globalstar LLC (DE) Thermo Satellite / LP (CO) Distributed to GLP 61.59% Creditors at 98% confirmation of Plan of Reorganization 1% 1% Globalstar Leasing LLC J. Lynh 1% (DE) (US)


Document Created: 2018-12-04 11:17:09
Document Modified: 2018-12-04 11:17:09
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