THE TRANSFER OF CONTROL PROPOSED HEREIN IS INTENDED TO IMPLEMENT AN ORDER OF DISTRIBUTION ENTERED BY THE SUPERIOR COURT OF THE STATE OF CALIFORNIA, COUNTY OF SAN JOAQUIN IN CASE NO. 39-2009-00203294-PR-TR-STK, A COPY OF WHICH IS ATTACHED. THE ORDER, IN TURN, IMPLEMENTED A SETTLEMENT AGREEMENT BY WHICH PROPERTY OF THE LATE CHESTER SMITH IS TO BE DISTRIBUTED IN EQUAL SHARES TO HIS THREE DAUGHTERS. IN ADDITION, THERE WILL BE A REORGANIZATION OF THE CHAIN OF OWNERSHIP TO EFFECT THE ABOVE DISTRIBUTION. CURRENTLY, THE LICENSEE'S ATTRIBUTABLE OWNERS ARE SAINTE NETWORK CORPORATION (50% VOTE, 2% EQUITY), C&N BROADCAST DIVISION, INC. (50% VOTE, 1 % EQUITY), CHESTER SMITH (DECEASED) (0% VOTE, 35.4% EQUITY) AND NAOMI SMITH (0% VOTE, 35.4% EQUITY). NOTE THAT EACH OF SAINTE NETWORK CORPORATION AND C&N BROADCAST DIVISION, INC. IS OWNED 50% EACH BY CHESTER SMITH AND NAOMI SMITH, SO IN EFFECT THEY EACH HOLD A 50% VOTING INTEREST IN THE LICENSEE. THIS IS DEPICTED ON EXHIBIT C, ATTACHED. AS A RESULT OF THE TRANSFERS PROPOSED HEREIN, THE LICENSEE WILL CONTINUE TO HAVE AS ITS SOLE GENERAL PARTNER SAINTE NETWORK CORPORATION, WHICH WILL BE OWNED 50% BY NAOMI SMITH (WHO THUS WILL RETAIN HER 50% VOTING CONTROL) AND 1/6 EACH BY THE LATE CHESTER SMITH'S THREE DAUGHTERS, ROXANNE STOREY, LORNA MACINTOSH AND LAUR CASTRO. IN ADDITION, SAINTE NETWORK CORPORATION WILL BE THE SOLE GENERAL PARTNER OF SAINTE PARTNERS, II, LP, WHICH WILL BE A 48% LIMITED PARTER OF THE LICENSEE. NAOMI SMITH, ROXANNE STOREY, LORNA MACINTOSH AND LAURA CASTRO ARE EACH LIMITED PARTNERS OF SAINTE PARTNERS II, LP. FINALLY, NAOMI SMITH WILL ALSO BE A DIRECT LIMITED PARTNER OF THE LICENSEE. THE NEW STRUCTURE IS DEPICTED IN THE ATTACHED CHART. PLEASE NOTE THAT ALL PERCENTAGES SHOWN IN THE CHARTS ATTACHED TO THIS APPLICATION REFLECT THE MULTIPLIER EFFECT THROUGHT HE CHAIN OF PARENT ENTITIES.