THERE IS NO WRITTEN AGREEMENT FOR ASSIGNMENT OF THE STATION LICENSES, NOR IS ANY CASH CONSIDERATION INVOLVED. RATHER, FOR TAX AND OTHER BUSINESS REASONS, THE LICENSEE, AMERICAN SPIRIT MEDIA, LLC, HAS DECIDED TO FORM TWO SUBISIDIARIES TO HOLD THE ASSETS AND THE LICENSES FOR KYOU-TV. KYOU, LLC IS THE WHOLLY-OWNED SUBSIDIARY OF AMERICAN SPIRIT MEDIA, LLC, AND WILL HOLD ALL OF THE STATION ASSETS. KYOU LICENSE SUBSIDIARY, LLC IS THE WHOLLY-OWNED SUBSIDIARY OF KYOU, LLC, AND WILL HOLD ALL OF THE STATION LICENSES. THUS, THE CURRENT LICENSEE WILL REMAIN THE ULTIMATE PARENT COMPANY OF THE PROPOSED ASSIGNEE.