Attachment Exhibit E

This document pretains to SES-ASG-20100216-00189 for Assignment on a Satellite Earth Station filing.

IBFS_SESASG2010021600189_799855

E050379 Assignment Application Question A20 Exhibit E Control Criswell College (“Criswell”) is the non-profit licensee of fixed earth station E050379 (the “Station”) and the proposed assignor in this transaction. It is effectively a subsidiary of a separate non-profit organization, First Baptist Church (“FBC”). For various business reasons, FBC and Criswell have decided to become separate and independent organizations, while FBC will retain control of the Station through a newly formed non-profit membership entity, First Dallas Media, Inc. (“First Dallas”), the proposed assignee. FBC is a Texas non-profit organization with U.S. citizenship and an address of 1707 San Jacinto, Dallas, Texas 75201. In connection with the transaction, the fixed earth station assets and license will be assigned to and operated by First Dallas, with the purpose of continuing the station’s educational programming and furthering the ministries of First Dallas’s members. First Dallas will have two members: FBC (the Class A member) and Criswell (the Class B member). Under First Dallas's articles and bylaws, FBC, acting through its Fellowship of Deacons, will be the sole Class A member, with the exclusive right to elect, remove and replace (with or without cause) the directors of First Dallas. In contrast, Criswell, acting through its Board of Trustees, will have the right to vote on major actions consistent with protections generally afforded to minority investors, e.g., amendment of articles and bylaws, sale or encumbrance of First Dallas’s assets, assumption of substantial debt, mergers or dissolutions of First Dallas, and changes to Criswell's obligations as the Class B member. There are no FBC intermediate subsidiaries or parties to disclose. There are also no stockholders as FBC and First Dallas are both non-profit, non-stock corporations.


Document Created: 2010-02-11 16:13:47
Document Modified: 2010-02-11 16:13:47
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