Had to go back to the WSGI/GTC agreement after all thats happening lately.Seemed an odd coincidence that both GTCUSA and Globaltelesatuk both now have Youtube channels and both have Youtube "joined dates" in October 2011 with the same website format.
As announced today GTCUSA is up and running and is WSGIs' site.
Global Telesat Communications Limited(GTCL) ,from the UK, is Mr Phipps.(as mentioned in the GTC/Wsgi purchase agreement)
Perhaps an Afghanistan ground station contract is near?Seems both parties are gearing up for something. One thing they have in common is Afghanistan,GTCL stands to gain 1000 of the 10,000 free ecns from the Globalstar groundstation buildout.
maybe? who knows?
=====================================
6.07. Globalstar Accounts. At or prior to the Closing, the Company shall assign or otherwise transfer to Global Telesat Communications Ltd. (“GTCL”), 270 accounts (i.e., Globalstar simplex accounts that the Company has been granted the right to use without charge pursuant to the terms of existing contracts between the Company and Globalstar) for use on Globalstar Inc.’s satellite network (the “Initial Transferee Accounts”). Promptly following the commencement of commercial operations of an Afghanistan ground station constructed by the Company pursuant to a contract granting the Company 10,000 Globalstar accounts, the Company shall assign or otherwise transfer to GTCL 1,000 accounts (i.e., Globalstar simplex accounts that the Company has been granted the right to use without charge pursuant to the terms of existing contracts between the Company and Globalstar) for use on Globalstar’s satellite network (the “Secondary Transferee Accounts,” and together with the Initial Transferee Accounts, the “Transferee Accounts”). Notwithstanding anything to the contrary herein, GTCL shall have the exclusive right to sell such Transferee Accounts to customers of GTCL for as long as such Transferee Accounts remain available for such use; provided, however, that Phipps hereby agrees that GTCL shall not, for so long as such Transferee Accounts remain available for such use, sell such Transferee Accounts to any customer in the United States or to any customer of the Company, and provided, further, however, that GTCL shall not in any other way compete with the business of the Company, Buyer or any of their Affiliates and Phipps hereby agrees that, except as set forth in this Section 6.07, GTCL shall be subject to the provisions of Section 6.02 of this Agreement.
=========================================
6.06. Appliqué in Easton, MD. At or prior to the Closing, the Company shall assign or otherwise transfer to GTSC an appliqué owned by the Company that is currently located in Easton, Maryland (the “Easton Appliqué”), such that as of the Closing Date, it shall own the Easton Appliqué. Notwithstanding the foregoing, however, Phipps hereby agrees, on behalf of GTSC, that Buyer shall have the exclusive right for a period of three (3) years from the Closing Date to purchase the Easton Appliqué from GTSC for a purchase price of $500,000 if and when Buyer, the Company or any of their Affiliates enters into a contract for the construction of a ground station (including a contract for the construction of a ground station in Afghanistan).
