2. The Applicants

2.1. Lightyear Network Solutions, LLC

Lightyear is a Kentucky limited liability company, with offices located at 1901 Eastpoint Parkway, Louisville, Kentucky 40223. Lightyear is a wholly-owned subsidiary of LY Holdings LLC, a Kentucky limited liability company also located in Louisville, Kentucky, and Holdings is owned by a series of investors including LANJK, LLC, Sullivan-LY, LLC, and Rice-LY Ventures, LLC. Lightyear holds domestic and international Section 214 authorizations from the Federal Communications Commission (FCC) and is authorized to provide local exchange telecommunications services in 44 states and long distance telecommunications services in 49 states. In California, Lightyear is authorized to provide facilities-based and resold local exchange and interexchange telecommunications services pursuant to Decision (D.) 04-04-044.

2.2. Wherify Wireless, Inc.

Wherify, a Delaware corporation, is a public company traded over-the-counter under the symbol "WFYW" and has principal offices located at 63 Bovet Road, Suite 521, San Mateo, CA 94402-3104. For the purpose of accomplishing this transaction, Wherify created a new, wholly-owned merger subsidiary, Merger Sub, a Delaware corporation. Wherify is a pioneering developer of patented wireless location products and services for family safety and business communications. Its portfolio of intellectual property includes proprietary integration of the US Government's Global Positioning System (GPS) and wireless communication technologies; patented back-end location service; the WherifoneTM GPS locator phone which provides real-time location information and lets families with pre-teens, seniors, or those with special medical needs, stay connected and in contact with each other. Wherify holds international § 214 authority from the FCC.