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shadow14

06/01/12 3:30 PM

#46140 RE: blueskies #46133

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On May 22, 2012 IC Places, Inc. (“the Company” or “Buyer”) entered into a letter of intent with Punch Television Network (“Punch”, “Seller”). Buyer would acquire substantially all of the assets, tangible and intangible, owned by Seller that are used in, or necessary for the conduct of, its Television Network business.....