ON 2/4/10, FRANKLIN MEDIA, INC. ('FMI') CLOSED ON A PRO FORMA ASSIGNMENT OF THE LICENSE OF WPAN(TV), FORT WALTON BEACH, FLORIDA (FACILITY ID NO. 31570, 'WPAN'), TO FRANKLIN & HOYNACKI COMMUNICATIONS, LLC ('F&H'), AUTHORIZED BY THE COMMISSION IN FILE NO. BTCCDT-20090810ACE). SUBSEQUENTLY, ON 1/21/15, CONTROL OF F&H WAS TRANSFERRED FROM ITS PRINCIPALS AND 100% EQUITY OWNERS, JOHN L. FRANKLIN, SR. AND HIS WIFE DELORES FRANKLIN (TOGETHER, THE 'FRANKLINS'), TO JEFFREY L. TIMMONS AS THE COURT-APPOINTED RECEIVER FOR BOTH FMI (ALSO OWNED 100% BY THE FRANKLINS) AND F&H, PURSUANT TO AN ORDER OF THE FIRST JUDICIAL CIRCUIT COURT IN AND FOR ESCAMBIA COUNTY, FLORIDA (THE 'ESCAMBIA COURT'), AUTHORIZED BY THE COMMISSION IN FILE NO. BTCCDT-20150108ABM. THE ESCAMBIA COURT HAS NOW RULED ON SUMMARY JUDGMENT ON THE CLAIM THAT THE TRANSFER OF THE WPAN LICENSE AND ASSETS FROM FMI TO F&H WAS A FRAUDULENT TRANSFER, SET ASIDE THAT TRANSFER, AND ORDERED THE RECEIVER TO FILE THIS INVOLUNTARY ASSIGNMENT OF LICENSE APPLICATION WITH THE COMMISSION TO EFFECT THE ASSIGNMENT OF THE WPAN LICENSE BACK TO FMI. A COPY OF THE ESCAMBIA COURT'S ORDER, FINAL SUMMARY JUDGMENT AS TO COUNT IV ISSUED 3/13/15 AND RECORDED IN THE PUBLIC RECORDS 3/23/15, IS ATTACHED HERETO.