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This excerpt taken from the DTV 8-K filed Apr 28, 2005. Form S-3”), each of (i) the SkyTerra Investors and (ii)
the DTVG Investors holding Registrable Securities will have the right to
require the Company to effect a registration on Form S-3 of Registrable
Securities provided that the aggregate public offering price (before deduction
of underwriters’ discounts and commissions) of the LLC Interests or other
equity of the Company offered in such registration equals or exceeds $10
million (or such lesser amount to the extent that such Investor(s) do not own
LLC Interests or other equity securities that equal or exceed $10
million). Upon receipt of any such
request, the Company shall promptly give written notice of such proposed
registration to all Investors. Such
other Investors shall have the right, by giving written notice to the Company
within 30 days after the Company provides its
notice, to elect to have included in such registration such of their Registrable Securities as such Investors may request in such notice of election. Thereupon, the Company shall, as expeditiously as possible, use its best efforts to effect the registration on Form S-3 of all Registrable Securities that the Company has been requested to register.
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