Attachment Exhibit E (3)

This document pretains to SES-T/C-20161025-00857 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2016102500857_1156812

                                                                                                               Exhibit
Proposed Ownership Structure                                                                                    E (3)




 William Stacey Cowles          James P. Cowles                   James L. Cowles                      Other
                                                                                                    Family Trustees


                                                                       18.90%
                                                                        voting                8.68%
             72.42%
              voting                                                                          voting

                                              39 Family Trusts
                       Three attributable Trustees vote shares held by Family Trusts.


                                                                    100% voting and equity


                         39 Delaware Limited Liability Companies
                              4 LLCs will hold attributable interests from 5.06% to 6.39%.

                                                                    100% voting and equity



                                              Cowles Company
                  100%                                                                       100%




                                                                                      Cowles Montana
              KHQ, Inc.
                                                                                      Media Company



Document Created: 0710-04-22 00:00:00
Document Modified: 0710-04-22 00:00:00

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