Attachment Ownership Info

This document pretains to SES-T/C-20050628-00839 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2005062800839_457232

LORAL
Space & Communications Ltd                                                                          Laurence D. Atlas
1421 Jefferson Davis Highway, Suite 810                                                                     Vice President
Arlington, VA 22202—3290                                                                              Government Relations
(703) 414—1057 * Fax: (703) 414—1079
                                                    September 28, 2005

              Ms. Marlene H. Dortch
              Office of the Secretary
              Federal Communications Commission
              445 12th Street, S.W.
              Washington, D.C. 20554

              Re:       Loral Space & Communications Ltd. (DIP) (Transferor) Seeks Approval for the
                        Transfer of Control of FCC Licenses Held by Loral Orion, Inc. (DIP), Loral
                        SpaceCom Corporation (DIP) and Loral Skynet Network Services, Inc. (DIP) to Loral
                        Space & Communications Inc. (Transferee) and CyberStar Licensee, L.L.C.
                        (Assignor) Seeks Approval for the Assignment of FCC Licenses Held by CyberStar
                        Licensee, L.L.C. to Loral CyberStar L.L.C. (Assignee), IB Docket No. 05—233

                        Loral Orion, Inc. (DIP), File Nos. SAT—T/C—20050628—00140, SAT—T/C—20050628—
                        00141, 0002221736; Loral Skynet Network Services, Inc. (DIP), File No. SES—T/C—
                        20050628—00837; Loral SpaceCom Corporation (DIP), File Nos. SES—T/C—
                        20050628—00838, SES—T/C—20050628—00839; CyberStar Licensee, L.L.C., File No.
                        SAT—ASG—20050628—00138; Space Systems/Loral, Inc. (DIP), File No. 0002221758

              Dear Ms. Dortch:


              Per the informal request of the staff of the International Bureau of the Federal
              Communications Commission ("Commission"), this letter provides certain additional
              ownership information intended to supplement the above—referenced assignment and transfer
              of control applications ("Applications").

             1. Commission staff asked whether MHR Fund Management LLC is the general partner of
             the various limited partnerships listed on Exhibit D of the Applications. It is not the general
             partner of any of these partnerships. The general partner of each of the limited partnerships
             is listed below.

             Investment Fund                                General Partner

             MHR Capital Partners LP                        MHR Advisors LLC
             MHR Capital Partners (100) LP                  MHR Advisors LLC
             MHR Institutional Partners LP                  MHR Institutional Advisors LLC
             MHRM LP                                        MHR Institutional Advisors LLC
             MHRA LP                                        MHR Institutional Advisors LLC
             MHR Institutional Partners II LP               MHR Institutional Advisors IIL LLC
             MHR Institutional Partners IIA LP              MHR Institutional Advisors II LLC


Ms. Marlene Dortch, Secretary
September 28, 2005
Page 2

Dr. Rachesky wholly owns and controls each of the general partners set forth above. Each of
these general partners have entered into a contractual arrangement with MHR Fund
Management LLC for the management by MHR Fund Management LLC of the investment
funds set forth above. All of the LLC‘s and limited partnerships listed above are organized
under the laws of the State of Delaware.

2. In the aggregate, the investment funds listed above are expected to directly control
approximately 36% of the initially issued Loral Space & Communications Inc. ("New
Loral") common stock and therefore MHR Fund Management LLC is expected to indirectly
control 36% of the initially issued New Loral common stock. Under no cireumstances will
the investment funds hold (or MHR Fund Management LLC indirectly control through its
management of the investment funds) more than 39% of the initially issued New Loral
common stock.




Zipe
Please do not hesitate to contact the undersigned with any questions.

Respectfully submitted,



Laurence D. Atlas



Document Created: 2005-09-30 14:59:05
Document Modified: 2005-09-30 14:59:05

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