SPT: FYO8 Key Activities and Accomplishments Negotiated license agreement for ad-supported and DST content on a leading domestic virtual word targeting teens (content aired in virtual theaters) Invested $1MM for equity stake and up to 100% warrant coverage Additional value from PR, board observer status, and selling virtual goods Supported equity / cash component of deal, which included $1.5MM plus 100k warrants for “approving” DivX format for DST Secured additional $750K and 50k warrants to SPTI upon their approval for ROW ORGANIZATIONAL Integrated Digital and SPT business development teams into single organization; filled existing open headcount Secured SPTAS as 3rd party rep firm for mobile ad sales Ran detailed sales process to divest 100% interest Dragon Tales along with Sesame Workshop Received multiple offers but determined SPT could extract greater value from asset by retaining ownership Working with multiple SPE divisions to develop go-forward strategy for brand Negotiated LOI and led diligence efforts for the potential acquisition of comedy-oriented UGV site Break.com for $58MM; ultimately decided not to acquire company Collaborated with Corp Dev on the potential acquisition of stock footage company Thought Equity; determined build or partner scenario more attractive Worked with WPF on plan to expand existing stock footage business

SPT: FYO9 Priorities / In-Process Deals Substantial diligence to merge Liberty’s Fun Technologies with GSN; merger would require additional capital investment by SPT to maintain 50% ownership stake in GSN Rationale… In negotiations to acquire 100% of Michael Davis production company Embassy Row (producer of Power of 10 for SPT); also exploring option to extend term deal Deal would enhance our traditional game show business Evaluating strategic licensing opportunities with digital ad agency Spot Runner Relationship could expand stock footage business into new market; deal may also provide SPE with small equity stake in company Securing approvals and preparing non-binding LOI for 50% of Mark Burnett Productions Acquisition would diversify reality portfolio and help fill international pipeline Collaborating on potential expansion to HD linear channel Performing diligence and negotiating equity terms; Zilliontv to grant equity for being a “charter client” Digital negotiating separate content licensing agreements Supporting SEL on early-window project for Hancock on BIVL enabled TVs Project may also support SPT’s effort to test early windows with MSOs and DBS