Attachment EXHIBIT 1

This document pretains to SES-T/C-20000316-00399 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2000031600399_131996

FCC FORM 312 - EXHIBIT 1 DESCRIPTION OF TRANSACTION AND PUBLIC INTEREST STATEMENT The current ownership of Island Page, Incorporated1 (ΑIsland Page≅) is as follows: Shareholder Percent Ownership Island Page, Incorporated Employee Stock Ownership Plan 49.999 Charles Fortner 16.667 Stephen Shirk 16.667 Martin Dixon 16.667 The shareholders of Island Page have an agreement among themselves and with Royal State Investment Corporation (ΑRoyal State≅) whereby Island Page, Incorporated Employee Stock Ownership Plan (the ΑESOP≅) and Royal State will purchase all of the stock held by Stephen Shirk and Martin Dixon and a portion of the stock held by Charles Fortner, which will result in the following ownership percentages: Shareholder Percent Ownership Island Page, Incorporated Employee Stock Ownership Plan 50.1 Royal State Investment Corporation 36.567 Charles Fortner 13.333 By providing for participation in the company by Royal State Investment Corporation and by increasing the participation of the employees of Island Page in the ownership of the company through the ESOP, the proposed transaction will serve the public interest by strengthening the company. 322326.1 1 The FCC database shows the name of the licensee to be Island Page, Inc. The correct name is Island Page, Incorporated. Therefore, correction of the database is requested.


Document Created: 2019-04-25 03:53:17
Document Modified: 2019-04-25 03:53:17
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