In January 2006, we entered into a strategic partnership agreement with Telenor

Satellite Services AS (?TSS?) and GMPCS, both are subsidiaries of Telenor, to

cooperate in the following areas:-

a. the marketing of airtime with the sales of Wideye? SABRE? 1 BGAN Terminals;

b. the development of mobile BGAN terminals ( mobile terrestrial, maritime and

aeronautical ) based on Wideye? SABRE? 1 BGAN terminal design; and

c. the provision of engineering and sales support services.

In consideration of the business cooperation, our Company grants TSS an option to

subscribe up to a total of 128 million new shares at a price equal to the average

trading price for the 10 days preceding the day when TSS exercises the option (the

?Call Option?). If the Call Option were to be exercised in full, TSS will then be the