THE MARCH 24, 2014 AMENDMENT RESPONDS TO THE MARCH 12, 2014 PUBLIC NOTICE FROM THE MEDIA BUREAU CONCERNING PROCESSING OF CERTAIN APPLICATIONS. THE PROCESSING GUIDELINE AMENDMENT SUBMITTED AS EXHIBIT 15 EXPLAINS CHANGES TO THE PROPOSED AGREEMENTS BETWEEN ASSIGNEE EXCALIBUR AND GRAY TELEVISION TO ELIMINATE GRAY'S GUARANTY OF EXCALIBUR'S FINANCING AND THE PROPOSED PUT/CALL OPTION AGREEMENT.