On April 19, 2021, pursuant to a February 17, 2021 asset purchase agreement, Sovryn paid a total of $10,182,534 to acquire the licenses and Federal Communications Commission (“FCC”) authorizations to the KNET-CD and KNLA-CD Class A television stations (“the Los Angeles Stations”), certain tangible personal property, real property, contracts, intangible property, files, claims and prepaid items together with certain assumed liabilities in connection with the Los Angeles Stations.

The following table shows the estimated fair values of the Los Angeles Stations’ assets acquired and liabilities assumed at the April 19, 2021 purchase date:

On June 1, 2021, pursuant to a March 14, 2021 an asset purchase agreement, Sovryn paid a total of $1,500,000 to acquire the licenses and Federal Communications Commission (“FCC”) authorizations to the KVVV-LD low power television station (“the Houston Station”), certain tangible personal property, certain real property leases, contracts, intangible property, files, claims and prepaid items together with certain assumed liabilities in connection with the Houston Station.

The following table shows the estimated fair values of the Houston Station’s assets acquired and liabilities assumed at the June 1, 2021 purchase date:


ASSETS ACQUIRED
Transmitter equipment	$	107,141
Technical equipment		71,399
Antenna systems		112,211
Furniture and equipment		7,389
Total tangible assets acquired		298,140
Total liabilities assumed		-
NET TANGIBLE ASSETS ACQUIRED	$	298,140
INTANGIBLE ASSETS ACQUIRED
FCC licenses		530,000
Transmitter site leasehold		58,763
Goodwill		613,097
INTANGIBLE ASSETS ACQUIRED		1,201,860

NET ASSETS ACQUIRED	$	1,500,000

On September 24, 2021, pursuant to a March 29, 2021 an asset purchase agreement, Sovryn paid a total of $1,864,920 to acquire the licenses and Federal Communications Commission (“FCC”) authorizations to the KYMU-LD low power television station (“the Seattle Station”), certain tangible personal property, certain real property leases, contracts, intangible property, files, claims and prepaid items together with certain assumed liabilities in connection with the Seattle Station.

The following table shows the estimated fair values of the Seattle Station’s assets acquired and liabilities assumed at the September 24, 2021 purchase date:


ASSETS ACQUIRED
Transmitter equipment	$	169,974
Technical equipment		91,274
Antenna systems		42,256
Microwave equipment		-
Total tangible assets acquired		303,954
Total liabilities assumed		-
NET TANGIBLE ASSETS ACQUIRED	$	303,954
Goodwill
INTANGIBLE ASSETS ACQUIRED
FCC licenses		1,335,000
Goodwill		225,966
INTANGIBLE ASSETS ACQUIRED		1,560,966

NET ASSETS ACQUIRED	$	1,864,920