THE ASSET PURCHASE AGREEMENT ('PURCHASE AGREEMENT') BY AND BETWEEN PEDRO ROMAN COLLAZO AND INTERNATIONAL BROADCASTING CORPORATION, COLLECTIVELY AS SELLER AND CARIBEVISION STATION GROUP, LLC, AS BUYER DATED AS OF DECEMBER 14, 2006 EMBODIES THE COMPLETE AND FINAL UNDERSTANDING OF THE PARTIES WITH RESPECT TO THE SALE OF TELEVISION STATIONS WTCV, WVEO, AND WVOZ-TV, AND LPTV STATION WIVE-LP. A COPY OF THE PURCHASE AGREEMENT IS ATTACHED HERETO WITH THE FOLLOWING EXHIBITS AND SCHEDULES OMITTED: EXHIBIT A--ESCROW AGREEMENT SCHEDULE 2.2(E)--EXCLUDED CONTRACTS SCHEDULE 2.7--ASSET/STATIONS ALLOCATION SCHEDULE SCHEDULE 4.3--CONFLICTING AGREEMENTS SCHEDULE 4.4(A)--TANGIBLE PERSONAL PROPERTY SCHEDULE 4.4(B)--EXISTING LIENS ON ASSETS SCHEDULE 4.5--ASSUMED CONTRACTS SCHEDULE 4.6--INTANGIBLES SCHEDULE 4.7(A)--OWNED REAL PROPERTY SCHEDULE 4.7(B)--LEASES SCHEDULE 4.8(A)--AUDITED FINANCIAL STATEMENTS SCHEDULE 4.8(A)--INTERIM FINANCIAL STATEMENTS SCHEDULE 4.9--CHANGES SINCE MOST RECENT FISCAL MONTH END SCHEDULE 4.10--LITIGATION SCHEDULE 4.12--TAXES SCHEDULE 4.13(A)--STATIONS LICENSES SCHEDULE 4.13(B)--STATIONS LICENSE EXCEPTIONS SCHEDULE 4.13(D)--STATIONS OPERATIONS EXCEPTIONS SCHEDULE 4.13(E)--STATIONS DTV EXCEPTIONS SCHEDULE 4.14--INSURANCE SCHEDULE 4.15(A)--EMPLOYMENT AGREEMENTS SCHEDULE 4.15(B)--LABOR MATTERS SCHEDULE 4.16--EMPLOYEE BENEFIT PLANS SCHEDULE 4.17--ENVIRONMENTAL MATTERS SCHEDULE 8.3--REQUIRED CONSENTS THE OMITTED EXHIBITS AND SCHEDULES CONCERN SUBJECT MATTER THAT IS NOT RELEVANT TO A DETERMINATION OF THE QUALIFICATIONS OF THE PARTIES TO THIS APPLICATION OR THAT IS OTHERWISE IMMATERIAL TO THE COMMISSION'S CONSIDERATION OF THE APPLICATION. COPIES OF THE OMITTED DOCUMENTS WILL BE PROVIDED TO THE COMMISSION UPON REQUEST.