THE BOARD OF DIRECTORS OF THE KMCT-TV LICENSEE, LOUISIANA CHRISTIAN BROADCASTERS, INC. (LCB), CONSISTS OF SIX OF THE SEVEN CURRENT DIRECTORS OF LCB'S SOLE SHAREHOLDER, FIRST ASSEMBLY OF GOD OF WEST MONROE (FAWM). LCB'S DIRECTORS ARE PREPARING FOR THE DISSOLUTION OF LCB AND THE LIQUIDATION OF ITS ASSETS. IN CONNECTION WITH THAT PROCESS, THE KMCT-TV ASSETS LCB HOLDS (LICENSE AND EQUIPMENT) WILL BE DONATED TO FAWM. AT PRESENT, THERE ARE NO WRITTEN AGREEMENTS OR OTHER DOCUMENTS EVIDENCING LCB'S PLANS, SO THE ABOVE WRITTEN DESCRIPTION IS PROVIDED IN LIEU OF SUCH DOCUMENTATION. AFTER FCC APPROVAL OF THE PROPOSED ASSIGNMENT, THE PARTIES WILL TAKE THE NECESSARY CORPORATE ACTIONS REQUIRED FOR DISSOLUTION OF LCB AND DONATION OF THE KMCT-TV ASSETS TO FAWM.