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DTV » Topics » LLC Agreement

This excerpt taken from the DTV 8-K filed Apr 28, 2005.
LLC Agreement”), pursuant to which each Investor owns a 50% LLC Interest (as defined below) in the Company;

WHEREAS, the Company and the Investors desire to provide for certain arrangements with respect to (i) tag along rights, (ii) drag-along rights, (iii) registration rights and (iv) other related matters; and

WHEREAS, following the closing of the transactions contemplated by the Contribution Agreement, SkyTerra may create a wholly owned subsidiary and assign its rights and obligations hereunder to such subsidiary (the “Drop Down”);

NOW, THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement, the parties hereto agree as follows:

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