Attachment Exhibit F

This document pretains to SES-T/C-20110623-00735 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2011062300735_898486

                                                                          FCC Form 312
                                 Response to Questions 43 (Main Form) & A21 (Schedule A)
                                                                              Page 1 of 3

                                         EXHIBIT F

                Description of Application and Public Interest Statement


       Pursuant to Section 25.119 of the Commission’s rules, 47 C.F.R. § 25.119, the

applicants seek Commission consent to the involuntary pro forma transfer of control of

TerreStar License Inc., Debtor-in-Possession (the “Licensee”), from TerreStar Corporation

(“TerreStar”) to TerreStar Corporation, Debtor-in-Possession (“TerreStar DIP”). The

involuntary pro forma transfer of control occurred when TerreStar filed a petition under

Chapter 11 of the United States Bankruptcy Code on February 16, 2011.

       The applicants also request a waiver of Section 25.119(d) of the Commission’s rules,

which otherwise requires the filing of an involuntary transfer of control application within 10

days, in order to permit the Commission to accept and process this application nunc pro tunc.

As set forth below, approval of this application and waiver request will serve the public

interest, convenience, and necessity.

       On October 19, 2010, TerreStar License Inc. (“TerreStar License”) and certain

affiliates filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code

with the United States Bankruptcy Court for the Southern District of New York (the

“Bankruptcy Court”).1 Shortly thereafter, the companies sought and obtained Commission

consent to the resultant involuntary pro forma transfer of control and assignment of licenses




1
 See In re TerreStar Networks Inc., Case No. 10-15446 (SHL) (SDNY Oct. 19, 2010). On
October 20, 2010, the Bankruptcy Court granted the request of TerreStar License and its
debtor-affiliates for procedural consolidation and joint administration of the Chapter 11
petitions.


                                                                           FCC Form 312
                                  Response to Questions 43 (Main Form) & A21 (Schedule A)
                                                                               Page 2 of 3

with respect to their Section 214, satellite, and earth station authorizations.2 In order to place

all of these authorizations under a single entity, the companies later sought and obtained

Commission consent to the voluntary pro forma assignment of certain satellite and earth

station licenses from TerreStar Networks Inc., Debtor-in-Possession, to the Licensee.3

       On February 16, 2011, TerreStar, an indirect parent company of the Licensee, filed a

petition with the Bankruptcy Court also seeking protection under Chapter 11 of the

Bankruptcy Code.4 Consequently, the applicants are seeking Commission consent to the

involuntary pro forma transfer of control resulting from TerreStar’s Chapter 11 filing.

       The restructuring process will allow TerreStar DIP to enhance its financial position

and maximize the value of its capabilities and assets. The Licensee expects to continue to

operate in the ordinary course of business during TerreStar DIP’s restructuring process.

Grant of this application will serve the public interest by facilitating the Chapter 11

2
  See FCC File Nos. ITC-ASG-20101022-00423 (filed Oct. 22, 2010; granted Nov. 3, 2010),
SES-ASG-20101101-01416 (filed Oct. 22, 2010; granted Nov. 16, 2010), SES-ASG-
20101101-01417 (filed Oct. 22, 2010; granted Nov. 16, 2010), SES-ASG-20101101-01419
(filed Oct. 22, 2010; granted Nov. 16, 2010),and SAT-ASG-20101022-00222 (filed Oct. 22,
2010; granted Jan. 10, 2011).
3
 See FCC File Nos. SES-ASG-20101210-01529 (filed Dec. 10, 2010; granted Dec. 20,
2010); SES-ASG-20101210-01530 (filed Dec. 10, 2010; granted Dec. 20, 2010).
4
 See In re TerreStar Corporation, Case No. 11-10612 (SHL) (SDNY Feb. 16, 2011).
Pursuant to an agreement between TerreStar and certain holders of TerreStar’s issued and
outstanding preferred stock, TerreStar agreed to delay its bankruptcy filing beyond the date
on which TerreStar License and certain of its affiliates filed for bankruptcy (i.e., October 19,
2010) to enable TerreStar and such preferred shareholders to attempt to negotiate a
consensual restructuring of TerreStar. However, the parties were unable to reach agreement
on such a consensual restructuring and, as a result, TerreStar subsequently entered
bankruptcy protection on February 16, 2011. See In re TerreStar Corporation, Case No. 11-
10612 (SHL) (SDNY Feb. 16, 2011) (Affidavit of Jeffrey W. Epstein Pursuant to Local
Bankruptcy Rule 1007-2 in Support of First Day Pleadings, ¶¶ 32-35). The bankruptcy
petitions of TerreStar and certain of its affiliates that contemporaneously filed for bankruptcy
protection have been consolidated with the TerreStar License bankruptcy proceeding and the
two proceedings are being jointly administered.


                                                                            FCC Form 312
                                   Response to Questions 43 (Main Form) & A21 (Schedule A)
                                                                                Page 3 of 3

restructuring process and allowing the Licensee to retain its FCC licenses, with no

substantive change in ownership or control.

          Additionally, the applicants request a waiver of Section 25.119(d)’s requirement to

file an application within 10 days of the event causing an involuntary pro forma transfer of

control. The Commission may waive its rules for good cause shown.5 The Commission also

may waive its rules where strict application would serve no purpose and would be contrary to

the public interest, or where the “applicant has no reasonable alternative.”6 Each of these

standards is satisfied here. The late filing in this instance resulted from an inadvertent

administrative oversight as opposed to any effort to conceal the bankruptcy proceedings, as

evidenced by the fact that applications were timely filed with the Commission with respect to

the involuntary transfers and assignments resulting from the bankruptcy petitions filed by

TerreStar License and certain affiliates on October 19, 2010. Further, the instant application

is the only vehicle by which the Licensee can seek Commission consent to the involuntary

transfer of control resulting from the bankruptcy petition filed by TerreStar and, assuming the

application is granted, for the Commission’s records to accurately reflect the control of the

Licensee. Since maintaining the accuracy of the Commission’s license records serves the

public interest, waiving the Commission’s rules in this instance to allow the submission and

processing of this application would do so as well.

          Accordingly, favorable action on this application and waiver request will serve the

public interest, convenience and necessity.



5
    See 47 C.F.R. § 1.3.
6
    See id. § 1.925(b)(3).



Document Created: 2011-06-23 10:58:38
Document Modified: 2011-06-23 10:58:38

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