THERE IS NO WRITTEN AGREEMENT WITH RESPECT TO THE PROPOSED TRANSACTION COVERED IN THE INSTANT APPLICATION. HARVEY BOWLIN, SR. IS THE SOLE STOCKHOLDER OF ALABAMA COMMUNITY TELEVISION, INC. MR. BOWLIN, AS PART OF A BUSINESS REORGANIZATION, DESIRES TO DISSOLVE ALAMBAM COMMUNITY TELEVISION, INC. AND ASSIGN THE LOW POWER TELEVISION LICENSES HELD BY ALABAMA COMMUNITY TELEVISION, INC. TO A NEWLY FORMED ALABAMA CORPORATION, BOWLIN BROADCAST NETWORK, INC. HARVEY BOWLIN, SR. HOLDS ALL OF THE OUTSTANDING STOCK OF BOWLIN BROADCAST NETWORK, INC. A CORPORATE RESOLUTION HAS BEEN ADOPTED AUTHORIZING THE ASSIGNMENT OF ALL OF THE ASSETS USED IN THE LOW POWER TELEVISION BUSINESS AND THE FCC AUTHORIZATIONS SUBJECT TO PRIOR FCC APPROVAL TO BOWLIN BROADCAST NETWORK, INC.