Document:

EX-10.1

EXHIBIT 10.1

$60,000,000

AMENDED AND RESTATED CREDIT AGREEMENT

among

CKX, INC.,

as Borrower,

THE LENDERS FROM TIME TO TIME PARTY HERETO

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Collateral Agent

Dated as of April 15, 2011

J.P. MORGAN SECURITIES LLC,

DEUTSCHE BANK SECURITIES INC.

and

UBS SECURITIES LLC,

as Joint Lead Arrangers and Joint Book ManagersTABLE OF CONTENTS

Page

	 	 	 
	SECTION 1.   DEFINITIONS
	1.1.

1.2.
	 	Defined Terms

Other Definitional Provisions

	 	 	 
	SECTION 2.   THE LOANS
	2.1.

2.2.

2.3.

2.4.
	 	Existing Loans; Commitments

Procedure for Loan Borrowing

Fees, Etc

Repayment of Loans

	 	 	 
	SECTION 3.   GENERAL PROVISIONS APPLICABLE TO LOANS
	3.1.

3.2.

3.3.

3.4.

3.5.

3.6.

3.7.

3.8.

3.9.

3.10.

3.11.

3.12.

3.13.

3.14.
	 	Optional Prepayments

Conversion and Continuation Options

Limitations on Eurodollar Tranches

Interest Rates and Payment Dates

Computation of Interest and Fees

Inability to Determine Interest Rate

Pro Rata Treatment and Payments

Requirements of Law

Taxes

Indemnity

Change of Lending Office

Replacement of Lenders

Evidence of Debt

Illegality

	 	 	 
	SECTION 4.   REPRESENTATIONS AND WARRANTIES
	4.1.

4.2.

4.3.

4.4.

4.5.

4.6.

4.7.

4.8.

4.9.

4.10.

4.11.

4.12.

4.13.

4.14.

4.15.

4.16.

4.17.

4.18.

4.19.

4.20.

4.21.

4.22.
	 	Financial Condition

No Change

Corporate Existence; Compliance with Law

Power; Authorization; Enforceable Obligations

No Legal Bar

Litigation

No Default

Ownership of Property; Liens

Intellectual Property

Taxes

Federal Regulations

Labor Matters

ERISA.

Investment Company Act; Other Regulations

Subsidiaries

Use of Proceeds

Environmental Matters

Accuracy of Information, Etc.

Security Documents

Solvency

Senior Indebtedness

Foreign Assets Control Regulations and Anti-Money Laundering

	 	 	 	 	 
	SECTION 5.   CONDITIONS PRECEDENT
	 	5.1.	 	 	Conditions to Restatement Date

	 	 	 
	SECTION 6.   AFFIRMATIVE COVENANTS
	6.1.

6.2.

6.3.

6.4.

6.5.

6.6.

6.7.

6.8.

6.9.

6.10.

6.11.

6.12.

6.13.
	 	Financial Statements

Certificates; Other Information

Payment of Obligations

Maintenance of Existence; Compliance

Maintenance of Property; Insurance

Inspection of Property; Books and Records; Discussions

Notices

Intellectual Property

Environmental Laws

Additional Collateral, Etc.

Further Assurances

Use of Proceeds

Post-Closing Obligations

	 	 	 
	SECTION 7.   NEGATIVE COVENANTS
	7.1.

7.2.

7.3.

7.4.

7.5.

7.6.

7.7.

7.8.

7.9.

7.10.

7.11.

7.12.

7.13.

7.14.

7.15.

7.16.

7.17.

7.18.

7.19.

7.20.
	 	Financial Condition Covenants

Indebtedness

Liens

Fundamental Changes

Disposition of Property

Restricted Payments

Capital Expenditures

Investments

Optional Payments and Modifications of Certain Debt Instruments

Transactions with Affiliates

Sales and Leasebacks

Hedge Agreements

Changes in Fiscal Periods

Negative Pledge Clauses

Clauses Restricting Subsidiary Distributions

Lines of Business

Certain Amendments

Accounting Changes

Intellectual Property

Hazardous Substances

	 	 	 
	SECTION 8.   EVENTS OF DEFAULT
	SECTION 9.   THE AGENTS
	9.1.

9.2.

9.3.

9.4.

9.5.

9.6.

9.7.

9.8.

9.9.

9.10.

9.11.

9.12.

9.13.
	 	Appointment

Delegation of Duties

Exculpatory Provisions

Reliance by Agents

Notice of Default

Non-Reliance on Agents and Other Lenders

Indemnification

Agent in Its Individual Capacity

Successor Agents

Agents Generally

The Joint Lead Arrangers

Withholding Tax

Security Documents

	 	 	 
	SECTION 10.   MISCELLANEOUS
	10.1.

10.2.

10.3.

10.4.

10.5.

10.6.

10.7.

10.8.

10.9.

10.10.

10.11.

10.12.

10.13.

10.14.

10.15.

10.16.

10.17.

10.18.

10.19.
	 	Amendments and Waivers

Notices

No Waiver; Cumulative Remedies

Survival of Representations and Warranties

Payment of Expenses and Taxes

Successors and Assigns; Participations and Assignments

Adjustments; Set-off

Counterparts

Severability

Integration

GOVERNING LAW

Submission To Jurisdiction; Waivers

Acknowledgments

Releases of Guarantees and Liens

Confidentiality

WAIVERS OF JURY TRIAL

USA PATRIOT Act

Amendment and Restatement

Headings

	 	 	 
	ANNEXES:
	 	

	 
	 	

	I

II
	 	New Commitments

Rollover Commitments

	SCHEDULES:
	 	

	 
	 	

	4.1

4.4

4.3

4.13

4.15

4.19

6.13(b)

6.13(d)

7.2(d)

7.3(f)

7.10
	 	Contingent Liabilities

Consents, Authorizations, Filings and Notices

Corporate Existence

ERISA

Subsidiaries; Subscriptions, Warrants, Etc.

Filing Jurisdictions

Copyright Filings and Registrations

Share Certificates

Existing Indebtedness

Existing Liens

Affiliate Transactions

	EXHIBITS:
	 	

	 
	 	

	A

B

C

D-1

D-2

E-1

E-2

F

G

H

I-1

I-2

J

K

L

M
	 	Form of Assignment and Assumption

Form of Compliance Certificate

Form of Guarantee and Collateral Agreement

Form of UK Charge Over Shares

Form of UK Supplemental Charge Over Shares

Form of UK Debenture

Form of UK Supplemental Debenture

Form of Exemption Certificate

Form of Note

Form of Restatement Date Certificate

Form of Legal Opinion of Paul, Hastings, Janofsky and Walker LLP (US)

Form of Legal Opinion of Paul, Hastings, Janofsky and Walker LLP (UK)

Form of Solvency Certificate

Subordination Provisions

Form of Reaffirmation Agreement

Form of Non-Disturbance Agreement

This AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 15, 2011 (as amended,
restated, amended and restated, supplemented or otherwise modified from time to time, this
“Agreement”), among CKX, INC., a Delaware corporation (the “Borrower”), the several
banks and other financial institutions or entities from time to time party hereto (the
“Lenders”) and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (in such
capacity, together with its successors and permitted assigns in such capacity, the
“Administrative Agent”) and collateral agent for the Secured Parties (in such capacity,
together with its successors and permitted assigns in such capacity, the “Collateral
Agent”), with J.P. MORGAN SECURITIES LLC, DEUTSCHE BANK SECURITIES INC. and UBS SECURITIES LLC,
as joint lead arrangers and joint book managers (collectively, in such capacities, the “Joint
Lead Arrangers”).

RECITALS

WHEREAS, the Borrower, certain banks and other financial institutions or entities party
thereto as lenders (the “Existing Lenders”), the agents and arrangers party thereto and
Bear Stearns Corporate Lending Inc., as administrative agent (in such capacity, the “Existing
Agent”), are parties to the Revolving Credit Agreement, dated as of May 24, 2006 (as amended by
the First Amendment and Waiver, dated as of February 20, 2007, the Second Amendment, dated as of
June 1, 2007, the Third Amendment, dated as of September 27, 2007, the Fourth Amendment, dated as
of March 12, 2010, and as further amended, restated, amended and restated, supplemented or
otherwise modified prior to the date hereof, the “Original Credit Agreement”), pursuant to
which the Existing Lenders extended certain senior credit facilities to the Borrower;

WHEREAS, the Borrower desires that certain of the Existing Lenders and other parties hereto
agree to amend and restate the Original Credit Agreement in its entirety to: (a) terminate the
Existing Commitments in the manner set forth herein, (b) convert certain Existing Loans into Loans
made hereunder in the manner set forth herein, (c) provide for the making of New Loans in the
manner set forth herein and (d) make certain other changes, in each case as more fully set forth
herein, which amendment and restatement shall become effective upon the Restatement Date;

WHEREAS, it is the intent of the parties hereto that this Agreement not constitute a novation
of the obligations and liabilities of the parties under the Original Credit Agreement and that this
Agreement amend and restate in its entirety the Original Credit Agreement and re-evidence the
Obligations outstanding on the Restatement Date as contemplated hereby; and

WHEREAS, it is the intent of the Borrower to confirm that all Obligations, as amended hereby,
shall continue in full force and effect and that, from and after the Restatement Date, all
references to the “Credit Agreement” contained in the Loan Documents shall be deemed to refer to
this Agreement.

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants
herein contained, the parties hereto agree to amend and restate the Original Credit Agreement as
follows:

SECTION 1.   DEFINITIONS

1.1. Defined Terms. As used in this Agreement, the terms listed in this Section 1.1
shall have the respective meanings set forth in this Section 1.1.

“Acquired Indebtedness”: Indebtedness of any Person that becomes a Subsidiary of the
Borrower or one of its Subsidiaries after the Restatement Date in connection with a Permitted
Acquisition or Permitted Joint Venture, but only to the extent such Indebtedness was outstanding
prior to giving effect to such Permitted Acquisition or Permitted Joint Venture and was not
incurred in contemplation of or for purposes of consummating such Permitted Acquisition or
Permitted Joint Venture.

“Administrative Agent”: as defined in the recitals.

“Affiliate”: as to any Person, any other Person that, directly or indirectly, is in
control of, is controlled by, or is under common control with, such Person. For purposes of this
definition, “control” of a Person means the power, directly or indirectly, either to (a) vote 5.0%
or more of the securities having ordinary voting power for the election of directors (or persons
performing similar functions) of such Person or (b) direct or cause the direction of the management
and policies of such Person, whether by contract or otherwise.

“Agents”: the collective reference to the Administrative Agent and the Collateral
Agent.

“Aggregate Exposure”: with respect to any Lender at any time, the aggregate then
unpaid principal amount of such Lender’s Loans.

“Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio
(expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate
Exposure of all Lenders at such time.

“Agreement”: this Amended and Restated Credit Agreement, as amended, restated,
amended and restated, supplemented or otherwise modified from time to time.

“Applicable Margin”: the rate per annum equal to (a) 3.00% in the case of Eurodollar
Loans and (b) 2.00% in the case of Base Rate Loans.

“Approved Fund”: (a) a CLO and (b) with respect to any Lender that is a fund that
invests in commercial loans, any other fund that invests in commercial loans and is managed or
advised by the same investment advisor as such Lender or by an Affiliate of such investment
advisor.

“Asset Sale”: any Disposition of Property or series of related Dispositions of
Property (including, without limitation, the sale of Capital Stock in any Subsidiary and the
issuance by any Subsidiary of its own Capital Stock) that yields gross proceeds to any Group Member
(valued at the initial principal amount thereof in the case of non-cash proceeds consisting of
notes or other debt securities and valued at fair market value in the case of other non-cash
proceeds) in excess of $1,000,000.

“Assignee”: as defined in Section 10.6(b)(i).

“Assignment and Assumption”: an Assignment and Assumption, substantially in the form
of Exhibit A.

“Base Rate”: for any day, a rate per annum (rounded upwards, if necessary, to the
next 1/16 of 1%) equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal
Funds Effective Rate in effect on such day plus 0.50% and (c) the Eurodollar Rate for a Eurodollar
Loan with a one-month Interest Period commencing on such day plus 1.00%. For purposes hereof:
“Prime Rate” shall mean the rate of interest per annum publicly announced from time to time
by the Reference Lender as its prime rate in effect at its principal office in New York City (the
Prime Rate not being intended to be the lowest rate of interest charged by the Reference Lender in
connection with extensions of credit to debtors). Any change in the Base Rate due to a change in
the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business
on the effective day of such change in the Prime Rate or the Federal Funds Effective Rate,
respectively.

“Base Rate Loans”: Loans the rate of interest applicable to which is based upon the
Base Rate.

“Benefited Lender”: as defined in Section 10.7(a).

“Board”: the Board of Governors of the Federal Reserve System of the United States
(or any successor).

“Borrower”: as defined in the preamble.

“Borrower Credit Agreement Obligations”: as defined in the Guarantee and Collateral
Agreement.

“Borrower Obligations”: as defined in the Guarantee and Collateral Agreement.

“Broadcaster”: Fox Broadcasting Company or such other Person or Persons that from
time to time holds the right to broadcast the television shows known as “American Idol” or “So You
Think You Can Dance” on free television in the United States.

“Business”: as defined in Section 4.17(b).

“Business Day”: a day other than a Saturday, Sunday or other day on which commercial
banks in New York City are authorized or required by law to close, provided that, with
respect to notices and determinations in connection with, and payments of principal and interest
on, Eurodollar Loans, such day is also a day for trading by and between banks in Dollar deposits in
the interbank eurodollar market.

“Business Intellectual Property”: Intellectual Property that is, individually or in
the aggregate, material to (a) the fair market value of the assets or the revenues of any Group
Member or (b) the conduct of the business of any Group Member as conducted (or contemplated to be
conducted) on the Restatement Date.

“Capital Expenditures”: for any period, with respect to any Person, the aggregate of
all expenditures by such Person and its Subsidiaries for the acquisition, licensing or leasing
(pursuant to a capital lease) of fixed or capital assets or additions to equipment (including
replacements, capitalized repairs and improvements during such period) that should be capitalized
under GAAP on a consolidated balance sheet of such Person and its Subsidiaries.

“Capital Lease Obligations”: as to any Person, the obligations of such Person to pay
rent or other amounts under any lease or license of (or other arrangement conveying the right to
use) real or personal property, or a combination thereof, which obligations are required to be
classified and accounted for as capital leases on a balance sheet of such Person under GAAP and,
for the purposes of this Agreement, the amount of such obligations at any time shall be the
capitalized amount thereof at such time determined in accordance with GAAP.

“Capital Stock”: any and all shares, interests, participations or other equivalents
(however designated) of capital stock of a corporation, any and all equivalent ownership interests
in a Person (other than a corporation) and any and all warrants, rights or options to purchase any
of the foregoing, whether or not presently convertible, exchangeable or exercisable.

“Cash Equivalents”: (a) marketable direct obligations issued by, or unconditionally
guaranteed by, the United States Government or issued by any agency thereof and backed by the full
faith and credit of the United States, in each case maturing within one year from the date of
acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank
deposits having maturities of six months or less from the date of acquisition issued by any Lender
or by any commercial bank organized under the laws of the United States or any state thereof or the
District of Columbia having combined capital and surplus of not less than $500,000,000;
(c) commercial paper of an issuer rated at least A-1 by S&P or P-1 by Moody’s, or carrying an
equivalent rating by a nationally recognized rating agency, if both of the two named rating
agencies cease publishing ratings of commercial paper issuers generally, and maturing within six
months from the date of acquisition; (d) repurchase obligations of any Lender or of any commercial
bank satisfying the requirements of clause (b) of this definition, having a term of not more than
30 days, with respect to securities issued or fully guaranteed or insured by the United States
government; (e) securities with maturities of one year or less from the date of acquisition issued
or fully guaranteed by any state, commonwealth or territory of the United States, by any political
subdivision or taxing authority of any such state, commonwealth or territory or by any foreign
government, the securities of which state, commonwealth, territory, political subdivision, taxing
authority or foreign government (as the case may be) are rated at least A-1 by S&P or P-1 by
Moody’s; (f) securities with maturities of three months or less from the date of acquisition backed
by standby letters of credit issued by any Lender or any commercial bank satisfying the
requirements of clause (b) of this definition; or (g) shares of money market mutual or similar
funds which invest exclusively in assets satisfying the requirements of clauses (a) through (f) of
this definition or money market funds that (i) comply with the criteria set forth in Securities and
Exchange Commission Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) are rated
AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000.

“CDS Elvis Venture”: Cirque EPE Partnership, a Nevada general partnership
predominantly engaged in media, entertainment or content related businesses.

“CKX UK Holdings”: CKX UK Holdings Limited, a company incorporated in England and
Wales with registered number 05389449.

“CLO”: any entity (whether a corporation, partnership, trust or otherwise) that is
engaged in making, purchasing, holding or otherwise investing in bank loans and similar extensions
of credit in the ordinary course and is administered or managed by a Lender or an Affiliate of such
Lender.

“Code”: the Internal Revenue Code of 1986, as amended from time to time.

“Collateral”: all assets and property of the Loan Parties, now owned, developed or
exclusively licensed or hereafter acquired, developed or exclusively licensed upon which a Lien is
created or purported to be created by any Security Document.

“Collateral Agent”: as defined in the recitals.

“Commitment”: any Rollover Commitment or New Commitment. The aggregate amount of the
Commitments as of the Restatement Date is $60,000,000.

“Commonly Controlled Entity”: an entity, whether or not incorporated, that is under
“common control” with the Borrower within the meaning of Section 4001 of ERISA or is part of a
group that includes the Borrower and that is treated as a “single employer” under Section 414(b) or
414(c) of the Code (or Section 414(m) or 414(o) of the Code for purposes of provisions relating to
Section 412 or 430 of the Code or Section 302 or 303 of ERISA).

“Compliance Certificate”: a certificate duly executed by a Responsible Officer
substantially in the form of Exhibit B.

“Conduit Lender”: any special purpose entity organized and administered by any Lender
for the purpose of making Loans otherwise required to be made by such Lender and designated by such
Lender in a written instrument, subject to the consent of the Administrative Agent and the Borrower
(which consent shall not be unreasonably withheld); provided that the designation by any
Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to
fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such
Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and
responsibility to deliver all consents and waivers required or requested under this Agreement with
respect to its Conduit Lender, and provided, further, that no Conduit Lender
shall (a) be entitled to receive any greater amount pursuant to Section 3.8, 3.9, 3.10 or 10.5 than
the designating Lender would have been entitled to receive in respect of the extensions of credit
made by such Conduit Lender or (b) be deemed to have any Commitment.

“Consolidated EBITDA”: for any period, Consolidated Net Income for such period
plus, without duplication and to the extent reflected as a charge in the statement of such
Consolidated Net Income for such period (and provided that to the extent that all or any
portion of the income of any Subsidiary or other Person is excluded from Consolidated Net Income
pursuant to the definition thereof for such period or portion thereof, any amounts set forth in the
following clauses (a) through (k) that are attributable to such Subsidiary or other Person shall
not be included for purposes of such clauses for such period or portion thereof) the sum of
(a) income tax expense, (b) interest expense, amortization or write-off of debt discount and debt
issuance costs and commissions, discounts and other fees and charges associated with Indebtedness
(including the Loans), (c) depreciation, depletion, abandonment and amortization expense,
(d) amortization of intangibles and impairment charges (including, but not limited to, goodwill)
and organizational costs, (e) any extraordinary charges or losses or non-recurring charges
determined in accordance with GAAP, (f) non-cash compensation expenses arising from the issuance of
stock, options to purchase stock, stock appreciation rights or other similar incentive arrangements
to the management of the Borrower, (g) severance and other restructuring-related costs of 19E
incurred during the year ended December 31, 2010 in an aggregate amount equal to $18,739,000, (h)
losses of businesses within 19E which were sold or closed during the year ended December 31, 2010
in an aggregate amount equal to $5,685,000, (i) executive separation costs incurred during the year
ended December 31, 2010 in an aggregate amount equal to $6,358,000, (j) Graceland Master Plan costs
incurred during the year ended December 31, 2010 in an aggregate amount equal to $1,682,000 and
(k) any other non-cash charges, non-cash expenses or non-cash losses of the Borrower or any of its
Subsidiaries for such period (excluding any such charge, expense or loss incurred in the ordinary
course of business that constitutes an accrual of or a reserve for cash charges for any future
period), provided, however, that cash payments made in such period or in any future
period in respect of such non-cash charges, expenses or losses (excluding any such charge, expense
or loss incurred in the ordinary course of business that constitutes an accrual of or a reserve for
cash charges for any future period) shall be subtracted from Consolidated Net Income in calculating
Consolidated EBITDA in the period when such payments are made, and minus, to the extent
included in the statement of such Consolidated Net Income for such period, the sum of (a) interest
income, (b) any extraordinary income or gains determined in accordance with GAAP and (c) any other
non-cash income (excluding any items that represent the reversal of any accrual of, or cash reserve
for, anticipated cash charges in any prior period that are described in the parenthetical to
clause (k) above), all as determined on a consolidated basis.

In addition to and without limitation of the foregoing, (x) with respect to any Asset Sale,
Disposition, Permitted Acquisition or Permitted Joint Venture as to which the fair market value of
the assets that are the subject of such Asset Sale, Disposition, Permitted Acquisition or Permitted
Joint Venture is equal to or greater than $1,000,000, for purposes of this definition,
“Consolidated EBITDA” shall be calculated after giving effect to such Asset Sale, Disposition,
Permitted Acquisition or Permitted Joint Venture, on a pro forma basis for the four quarter period
to which such calculation relates (including, without limitation, any Permitted Acquisition or
Permitted Joint Venture giving rise to the need to make such calculation as a result of the
Borrower or one of its Subsidiaries (including any Person who becomes a Subsidiary as a result of
any such Permitted Acquisition or Permitted Joint Venture) assuming or otherwise becoming liable
for any Acquired Indebtedness in accordance with the terms of this Agreement) and shall include (or
exclude, in the case of an Asset Sale or other Disposition) any Consolidated EBITDA attributable to
the assets which are the subject of such Asset Sale, Disposition, Permitted Acquisition or
Permitted Joint Venture, in each case, occurring during such four quarter period or at any time
subsequent to the last day of such four quarter period and on or prior to the date of such Asset
Sale, Disposition, Permitted Acquisition or Permitted Joint Venture, as if such Asset Sale,
Disposition, Permitted Acquisition or Permitted Joint Venture (including the assumption of or
liability for any such Acquired Indebtedness) had occurred on the first day of such four quarter
period and (y) “Consolidated EBITDA” shall be calculated on a pro forma basis after giving effect
to the exclusion of costs and expenses incurred in connection with effecting the transactions
contemplated by the definitive documentation in respect of any such Asset Sale, Disposition,
Permitted Acquisition or Permitted Joint Venture.

For purposes of this definition and for purposes of the definitions of “Consolidated Interest
Expense” and “Consolidated Total Debt”, whenever pro forma effect is to be given to any Asset Sale,
Disposition, Permitted Acquisition or Permitted Joint Venture and the amount of income or earnings
relating thereto, the pro forma calculations shall be determined in good faith by a responsible
financial or accounting officer of the Borrower and shall comply with the requirements of Rule
11-02 of Regulation S-X promulgated by the SEC, except that such pro forma calculations may include
operating expense reductions for the applicable period resulting from any such Asset Sale,
Disposition, Permitted Acquisition or Permitted Joint Venture which is being given pro forma effect
that have been realized or for which the steps necessary for realization have been taken or are
reasonably expected to be taken within six months following such Asset Sale, Disposition, Permitted
Acquisition or Permitted Joint Venture, including, but not limited to, the execution or termination
of any contracts, the termination of any personnel or the closing (or approval by the board of
directors of such Person of any closing) of any facility, as applicable, provided that, in
either case, such adjustments are reasonably satisfactory to the Administrative Agent and are set
forth in a certificate signed by the Person’s chief financial officer which states (i) the amount
of such adjustment or adjustments, (ii) that such adjustment or adjustments are based on the
reasonable good faith beliefs of the officer executing such certificate at the time of such
execution and (iii) that any related incurrence of Indebtedness is permitted pursuant to this
Agreement.

“Consolidated Interest Coverage Ratio”: for any period, the ratio of (a) Consolidated
EBITDA for such period to (b) Consolidated Interest Expense for such period.

“Consolidated Interest Expense”: for any period, total cash interest expense
(including that attributable to Capital Lease Obligations) of the Borrower and its Subsidiaries for
such period with respect to all outstanding Indebtedness of the Borrower and its Subsidiaries
(including all commissions, discounts and other fees and charges owed with respect to letters of
credit and bankers’ acceptance financing and net costs under Hedge Agreements in respect of
interest rates to the extent such net costs are allocable to such period in accordance with GAAP).

In addition to and without limitation of the foregoing, with respect to any Asset Sale,
Disposition, Permitted Acquisition or Permitted Joint Venture as to which the fair market value of
the assets that are the subject of such Asset Sale, Disposition, Permitted Acquisition or Permitted
Joint Venture is equal to or greater than $1,000,000, for purposes of this definition,
“Consolidated Interest Expense” shall be calculated after giving effect to such Asset Sale,
Disposition, Permitted Acquisition or Permitted Joint Venture, on a pro forma basis for the four
quarter period to which such calculation relates (including, without limitation, any Permitted
Acquisition or Permitted Joint Venture giving rise to the need to make such calculation as a result
of the Borrower or one of its Subsidiaries (including any Person who becomes a Subsidiary as a
result of any such Permitted Acquisition or Permitted Joint Venture) assuming or otherwise becoming
liable for any Acquired Indebtedness in accordance with the terms of this Agreement), in each case,
occurring during such four quarter period or at any time subsequent to the last day of such four
quarter period and on or prior to the date of such Asset Sale, Disposition, Permitted Acquisition
or Permitted Joint Venture, as if such Asset Sale, Disposition, Permitted Acquisition or Permitted
Joint Venture (including the assumption of or liability for any such Acquired Indebtedness) had
occurred on the first day of such four quarter period.

“Consolidated Leverage Ratio”: as of any date of determination, the ratio of (a)
Consolidated Total Debt on such date to (b) Consolidated EBITDA for the period of four fiscal
quarters ended on such date (or, for purposes of Section 5.1(s), for the four fiscal quarter period
most recently ended for which internal financial statements are available).

“Consolidated Net Income”: for any period, the consolidated net income (or loss) of
the Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP;
provided that there shall be excluded therefrom (a) the income (or deficit) of any Person
accrued prior to the date it becomes a Subsidiary of the Borrower or is merged into or consolidated
with the Borrower or any of its Subsidiaries, (b) the income (or deficit) of any Person (other than
a Subsidiary of the Borrower) in which the Borrower or any of its Subsidiaries has an ownership
interest, except to the extent that any such income is actually received by the Borrower or such
Subsidiary in the form of dividends or other distributions in respect of equity, (c) the income (or
deficit) of any Permitted Joint Venture that has issued Non-Recourse Indebtedness, except to the
extent that any such income is actually received by the Borrower or any Subsidiary Guarantor in the
form of dividends or other distributions in respect of equity and (d) the undistributed earnings of
any Subsidiary of the Borrower to the extent that the declaration or payment of dividends or
similar distributions by such Subsidiary is not at the time permitted by the terms of any
Contractual Obligation (other than any Loan Document) or Requirement of Law applicable to such
Subsidiary.

“Consolidated Total Debt”: at any date, the aggregate principal amount of all
Indebtedness of the Borrower and its Subsidiaries at such date (exclusive of Indebtedness of the
type described in clause (b), (c), (e), (g), (h), (i), (j), (k) or (o) of Section 7.2), determined
on a consolidated basis in accordance with GAAP.

“Continuing Directors”: as of any date of determination, each member of the board of
directors of the Borrower who is or was a member thereof on the Restatement Date and each other
member of the board of directors of the Borrower elected to the board of directors of the Borrower
with the approval of at least a majority of the then Continuing Directors.

“Contractual Obligation”: as to any Person, any provision of any security issued by
such Person or of any agreement, license, covenant not to sue, instrument or other undertaking to
which such Person is a party or by which it or any of its property is bound, including undertakings
evidenced primarily by a course of dealing rather than by signed written agreement.

“Converted Loans”: as defined in Section 2.1(b).

“Copyright”: as defined in the Guarantee and Collateral Agreement.

“DCP”: Dick Clark Productions, Inc. and each Affiliate thereof, including Dick Clark
Film Group or any assignee thereof or successor thereto.

“Default”: any of the events specified in Section 8, whether or not any requirement
for the giving of notice, the lapse of time, or both, has been satisfied.

“Disposition”: with respect to any Property, any sale, lease, license, sale and
leaseback, assignment, conveyance, transfer or other disposition thereof. The terms
“Dispose” and “Disposed of” shall have correlative meanings.

“Disqualified Capital Stock”: that portion of any Capital Stock which, by its terms
(or by the terms of any security into which it is convertible or for which it is exchangeable at
the option of the holder thereof) or upon the happening of any event, (a) matures or is mandatorily
redeemable, pursuant to a sinking fund obligation or otherwise on or prior to the date that is
three months later than the Maturity Date, (b) is redeemable at the sole option of the holder
thereof on or prior to the date that is three months later than the Maturity Date or (c) contains
any repurchase obligation which may come into effect on or prior to the date that is three months
later than the Maturity Date.

“Dollars” and “$”: dollars in lawful currency of the United States.

“Domestic Subsidiary”: any Subsidiary of the Borrower organized under the laws of any
jurisdiction within the United States.

“Elvis Operating Companies”: Elvis Presley Enterprises, Inc., a Tennessee
corporation, and Elvis Presley Enterprises, LLC, a Delaware limited liability company, and each of
their respective subsidiaries.

“Elvis Operating Company Charter Documents”: (a) the limited liability company
operating agreement of Elvis Presley Enterprises, LLC, dated as of February 7, 2005, (b) the
Amended and Restated Charter, dated February 7, 2005, of Elvis Presley Enterprises, Inc. and (c)
the Shareholders Agreement, dated as of February 7, 2005, among the Borrower, the Promenade Trust
and Elvis Presley Enterprises, Inc.

“Environmental Laws”: any and all foreign, Federal, state, local or municipal laws,
rules, orders, regulations, statutes, ordinances, codes, decrees, requirements of any Governmental
Authority or other Requirements of Law (including common law) regulating, relating to or imposing
liability or standards of conduct concerning protection of human health or safety or the
environment, as now or may at any time hereafter be in effect.

“Environmental Permits”: any and all permits, licenses, approvals, registrations,
notifications, exemptions and other authorizations required under any Environmental Law.

“ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to
time, the regulations promulgated thereunder and any successor thereto.

“Eurocurrency Reserve Requirements”: for any day as applied to a Eurodollar Loan, the
aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve
requirements in effect on such day (including basic, supplemental, marginal and emergency reserves)
under any regulations of the Board or other Governmental Authority having jurisdiction with respect
thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred
to as “Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of the
Federal Reserve System.

“Eurodollar Base Rate”: with respect to each day during each Interest Period
pertaining to a Eurodollar Loan, the rate per annum determined on the basis of the rate for
deposits in Dollars for a period equal to such Interest Period commencing on the first day of such
Interest Period appearing on the Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, two
Business Days prior to the beginning of such Interest Period. In the event that such rate does not
appear on such page (or otherwise on such screen), the “Eurodollar Base Rate” shall be
determined by reference to such other comparable publicly available service for displaying
eurodollar rates as may be selected by the Administrative Agent or, in the absence of such
availability, by reference to the rate at which the Administrative Agent is offered Dollar deposits
at or about 11:00 a.m., New York City time, two Business Days prior to the beginning of such
Interest Period in the interbank eurodollar market where its eurodollar and foreign currency and
exchange operations are then being conducted for delivery on the first day of such Interest Period
for the number of days comprised therein.

“Eurodollar Loans”: Loans the rate of interest applicable to which is based upon the
Eurodollar Rate.

“Eurodollar Rate”: with respect to each day during each Interest Period pertaining to
a Eurodollar Loan, a rate per annum determined for such day in accordance with the following
formula (rounded upward to the nearest 1/100th of 1%):

	 
	Eurodollar Base Rate
	1.00 — Eurocurrency Reserve Requirements

“Eurodollar Tranche”: the collective reference to Eurodollar Loans the then current
Interest Periods with respect to all of which begin on the same date and end on the same later date
(whether or not such Loans shall originally have been made on the same day).

“Event of Default”: any of the events specified in Section 8, provided that
any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

“Exchange Act”: the Securities Exchange Act of 1934, as amended from time to time, and
any successor thereto.

“Excluded Foreign Subsidiary”: any Foreign Subsidiary (or any Subsidiary of a Foreign
Subsidiary) in respect of which either (a) the pledge of all of the Capital Stock of such
Subsidiary as Collateral or (b) the guaranteeing by such Subsidiary of the Obligations, would, in
the good faith judgment of the Borrower, result in material adverse tax consequences to the
Borrower.

“Existing Agent”: as defined in the recitals.

“Existing Commitments”: the commitments made under the Original Credit Agreement as
in effect immediately prior to the Restatement Date.

“Existing Lenders”: as defined in the recitals.

“Existing Loans”: the revolving loans made under the Original Credit Agreement
outstanding immediately prior to the Restatement Date.

“FATCA”: Sections 1471 through 1474 of the Code, as of the date of this Agreement,
and any regulations or official interpretations thereof.

“Federal Funds Effective Rate”: for any day, the weighted average of the rates on
overnight federal funds transactions with members of the Federal Reserve System arranged by federal
funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of
New York, or, if such rate is not so published for any day that is a Business Day, the average of
the quotations for the day of such transactions received by the Reference Lender from three federal
funds brokers of recognized standing selected by it.

“Foreign Subsidiary”: any Subsidiary of the Borrower that is not a Domestic
Subsidiary.

“Fremantle”: FremantleMedia Limited or FremantleMedia North America, as the context
requires, or any Affiliate or assignee thereof or successor thereto.

“Funding Office”: the office of the Administrative Agent specified in Section 11.2 or
such other office as may be specified from time to time by the Administrative Agent as its funding
office by written notice to the Borrower and the Lenders.

“GAAP”: generally accepted accounting principles in the United States as in effect
from time to time except that for purposes of Section 7.1, GAAP shall be determined on the basis of
such principles in effect on the date hereof and consistent with those used in the preparation of
the most recent audited financial statements referred to in Section 4.1(b). In the event that any
Accounting Change (as defined below) shall occur and such change results in a change in the method
of calculation of financial covenants, standards or terms in this Agreement, then the Borrower and
the Administrative Agent agree to enter into negotiations in order to amend such provisions of this
Agreement so as to equitably reflect such Accounting Changes with the desired result that the
criteria for evaluating the Borrower’s financial condition shall be the same after such Accounting
Changes as if such Accounting Changes had not been made. Until such time as such an amendment
shall have been executed and delivered by the Borrower, the Administrative Agent and the Required
Lenders, all financial covenants, standards and terms in this Agreement shall continue to be
calculated or construed as if such Accounting Changes had not occurred. “Accounting
Changes” refers to changes in accounting principles required by the promulgation of any rule,
regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American
Institute of Certified Public Accountants or the United Kingdom Accounting Standards Board,
pronouncements of the Urgent Issues Task Force, relevant Statements of Recommended Accounting
Practice and provisions of the Companies Act of 1985, as amended, as the case may be, or, if
applicable, the SEC.

“GOAT Acquisition Agreement”: the agreement, dated April 10, 2006, by and among the
Borrower, the GOAT Operating Company, CKX G.O.A.T. Holding Corp., G.O.A.T., Inc., Muhammad Ali
Family Trust and Muhammad Ali.

“GOAT Operating Agreement”: the Limited Liability Operating Agreement, dated as of
April 10, 2006, as amended and restated by the “Agreed Upon Terms” under and as defined in the GOAT
Acquisition Agreement.

“GOAT Operating Company”: Muhammad Ali Enterprises, LLC, a California limited
liability company.

“Governmental Authority”: any nation or government, union of nations, any state,
province, region or other political subdivision thereof, any agency, authority, instrumentality,
regulatory body, court, central bank or other entity, officer or examiner exercising executive,
legislative, judicial, taxing, regulatory or administrative functions of or pertaining to
government, any securities exchange and any self-regulatory organization (including the National
Association of Insurance Commissioners).

“Group Members”: the collective reference to the Borrower and its Subsidiaries.

“Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement in the
form of Exhibit C, dated as of the Original Closing Date, among the Borrower, each Subsidiary
Guarantor and the Collateral Agent, as successor to the Existing Agent, as supplemented by the
Assumption Agreement, dated as of the date hereof, by the Additional Grantors (as defined therein),
as reaffirmed by the Reaffirmation Agreement and as it may be further amended, restated, amended
and restated, supplemented or otherwise modified from time to time.

“Guarantee Obligation”: as to any Person (the “guaranteeing person”), any
obligation of (a) the guaranteeing person or (b) another Person (including any bank under any
letter of credit) to induce the creation of which the guaranteeing person has issued a
reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect
guaranteeing any Indebtedness, leases, royalties, license fees, dividends or other obligations (the
“primary obligations”) of any other third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including any obligation of the guaranteeing person,
whether or not contingent, (i) to purchase any such primary obligation or any property constituting
direct or indirect security therefor, (ii) to advance or supply funds (A) for the purchase or
payment of any such primary obligation or (B) to maintain working capital or equity capital of the
primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to
purchase property, securities or services primarily for the purpose of assuring the owner of any
such primary obligation of the ability of the primary obligor to make payment of such primary
obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation
against loss in respect thereof; provided, however, that the term Guarantee
Obligation shall not include endorsements of instruments for deposit or collection in the ordinary
course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be
deemed to be the lower of (x) an amount equal to the stated or determinable amount of the primary
obligation in respect of which such Guarantee Obligation is made and (y) the maximum amount for
which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such
Guarantee Obligation, unless such primary obligation and the maximum amount for which such
guaranteeing person may be liable are not stated or determinable, in which case the amount of such
Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability
in respect thereof as determined by the Borrower in good faith.

“Hazardous Substances”: any material, substance or waste listed, defined, designated
or classified as hazardous, toxic or radioactive under, or otherwise regulated pursuant to, any
applicable Environmental Law or by any Governmental Authority, including petroleum and any
derivatives or by-products thereof, asbestos, suspected asbestos-containing material or
asbestos-containing material, urea formaldehyde, polychlorinated biphenyls and any other material,
substance or waste which is defined as a “hazardous waste,” “hazardous material,” “hazardous
substance,” “extremely hazardous waste,” “restricted hazardous waste,” “contaminant,”
“contaminant,” “toxic waste” or “toxic substance” under any Environmental Law.

“Hedge Agreements”: any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies (including foreign currencies), commodities, equity or debt instruments or
securities, or economic, financial or pricing indices or measures of economic, financial or pricing
risk or value or any similar transaction or any combination of these transactions; provided
that no phantom stock or similar plan providing for payments only on account of services provided
by current or former directors, officers, employees or consultants of the Borrower or any of its
Subsidiaries shall be a Hedge Agreement.

“Immaterial Subsidiaries”: with respect to the acquisition of the Capital Stock or
other ownership interests of another Person by the Borrower, the Subsidiaries of such Person that
(a) are not Wholly Owned Subsidiaries of such Person, (b) in the aggregate for all such
Subsidiaries, own or possess assets and property with a fair market value equal to or less than 10%
of the aggregate fair market value of the assets of such Person and its Subsidiaries to be
acquired, directly or indirectly, in connection with such acquisition, and (c) in the aggregate for
all such Subsidiaries, contribute or are otherwise accountable for 10% or less of the Consolidated
EBITDA of such Person and its Subsidiaries (provided that, for purposes of this clause (c)
only, all references to “the Borrower” and “Subsidiaries” in the definitions of “Consolidated
EBITDA” and “Consolidated Net Income” shall be deemed to be references to such Person and its
Subsidiaries that are the subject of the applicable acquisition and shall not include any amounts
attributable to the Borrower or any of its Subsidiaries that are Subsidiaries of the Borrower
immediately prior to giving effect to such acquisition).

“Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness
of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase
price of property or services (other than current trade payables incurred in the ordinary course of
such Person’s business), (c) all obligations of such Person evidenced by notes, bonds, debentures
or other similar instruments, (d) all indebtedness created or arising under any conditional sale or
other title retention agreement with respect to property acquired by such Person (even though the
rights and remedies of the seller or lender under such agreement in the event of default are
limited to repossession or sale of such property), (e) all Capital Lease Obligations of such
Person, (f) all obligations of such Person, contingent or otherwise, as an account party or
applicant under or in respect of acceptances, letters of credit, surety bonds or similar
arrangements, (g) all obligations of such Person, contingent or otherwise, to purchase, redeem,
retire or otherwise acquire for value any Capital Stock of such Person, (h) all Guarantee
Obligations of such Person in respect of obligations of others of the kind referred to in clauses
(a) through (g) above, (i) all obligations of the kind referred to in clauses (a) through (h) above
secured by (or for which the holder of such obligation has an existing right, contingent or
otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by
such Person, whether or not such Person has assumed or become liable for the payment of such
obligation, (j) all Disqualified Capital Stock and Preferred Stock issued by such Person (other
than Preferred Stock issued by a Loan Party) and (k) for the purposes of Sections 7.2 and 8(e) only
(and not any defined terms referenced therein), all obligations of such Person in respect of Hedge
Agreements; provided, however, that the items described in clauses (f) and (g)
above shall constitute Indebtedness only if and to the extent that any such items would appear as a
liability on a balance sheet of such Person prepared in accordance with GAAP. The Indebtedness of
any Person shall include the Indebtedness of any other Person (including any partnership in which
such Person is a general partner) to the extent such Person is liable therefor as a result of such
Person’s ownership interest in or other relationship with such other Person, except to the extent
the terms of such Indebtedness expressly provide that such Person is not liable therefor.

“Indemnified Liabilities”: as defined in Section 10.5.

“Indemnitee”: as defined in Section 10.5.

“Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is
“insolvent” within the meaning of Section 4245 of ERISA.

“Insolvent”: pertaining to a condition of Insolvency.

“Installment”: as defined in Section 2.4.

“Intellectual Property”: as defined in the Guarantee and Collateral Agreement.

“Intellectual Property Security Agreement”: as defined in the Guarantee and
Collateral Agreement.

“Interest Payment Date”: (a) as to any Base Rate Loan, the last day of each March,
June, September and December to occur while such Loan is outstanding and the final maturity date of
such Loan, (b) as to any Eurodollar Loan having an Interest Period of three months or less, the
last day of such Interest Period, (c) as to any Eurodollar Loan having an Interest Period longer
than three months, each day that is three months, or a whole multiple thereof, after the first day
of such Interest Period and the last day of such Interest Period, and (d) as to any Loan, the date
of any repayment or prepayment made in respect thereof.

“Interest Period”: as to any Eurodollar Loan, (a) initially, the period commencing on
the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and
ending one, two, three or six months thereafter, as selected by the Borrower in its notice of
borrowing or notice of conversion, as the case may be, given with respect thereto; and
(b) thereafter, each period commencing on the last day of the next preceding Interest Period
applicable to such Eurodollar Loan and ending one, two or three months thereafter, as selected by
the Borrower by irrevocable notice to the Administrative Agent no later than 11:00 a.m.,
New York City time, on the date that is three Business Days prior to the last day of the then
current Interest Period with respect thereto; provided that all of the foregoing provisions
relating to Interest Periods are subject to the following:

(i) if any Interest Period would otherwise end on a day that is not a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless the result
of such extension would be to carry such Interest Period into another calendar month, in
which event such Interest Period shall end on the immediately preceding Business Day;

(ii) the Borrower may not select an Interest Period that would extend beyond the
Maturity Date;

(iii) any Interest Period that begins on the last Business Day of a calendar month (or
on a day for which there is no numerically corresponding day in the calendar month at the
end of such Interest Period) shall end on the last Business Day of a calendar month; and

(iv) the Borrower shall select Interest Periods so as not to require a payment or
prepayment of any Eurodollar Loan during an Interest Period for such Loan.

“Investments”: as defined in Section 7.8.

“IP Assignment and Assumption Agreement” means the Assignment and Assumption
Agreement, dated as of the date hereof, among the Collateral Agent, the Existing Agent, 19E, 19TV,
All Girl Productions, J2K Productions, Inc., 19 Management Limited, Focus Enterprises, Inc., 19
Recordings Limited and each other Subsidiary Guarantor party thereto.

“Joint Lead Arrangers”: as defined in the preamble.

“Lenders”: as defined in the preamble; provided that, unless the context
otherwise requires, each reference herein to the Lenders shall be deemed to include any Conduit
Lender.

“Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge or other security interest or any preference,
priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including any conditional sale or other title retention agreement and any capital lease having
substantially the same economic effect as any of the foregoing).

“Loan Documents”: this Agreement, the Original Credit Agreement, the Security
Documents, the Notes, the Resignation and Appointment Agreement, the IP Assignment and Assumption
Agreement and any other agreement, document or instrument, entered into by the Administrative
Agent, the Collateral Agent, a Lender and/or any other Secured Party, on the one hand, and one or
more Loan Parties, on the other hand, in connection with the transactions contemplated by this
Agreement, in each case, as it may be amended, restated, amended and restated, supplemented or
otherwise modified from time to time, and together with any exhibits, annexes, schedules and other
attachments thereto.

“Loan Parties”: the Borrower, each Subsidiary Guarantor and each other Group Member
that is a party to a Loan Document.

“Loans”: collectively, the Converted Loans and the New Loans.

“Management Subscription Agreements”: the collective reference to any subscription
agreement or stockholders agreement between the Borrower and any present or former officer or
employee of any Group Member.

“Material Adverse Effect”: a material adverse effect on (a) the transactions
contemplated hereby, (b) the business, assets, property, condition (financial or otherwise),
results of operations or prospects of the Borrower and its Subsidiaries taken as a whole, (c) the
legality, validity, binding effect or enforceability of this Agreement or any of the other Loan
Documents or the rights, benefits or remedies of the Agents, the Lenders or the other Secured
Parties hereunder or thereunder or (d) the validity, enforceability, perfection or priority of any
Lien granted or purported to be granted under any Loan Document.

“Material Environmental Amount”: an amount payable by the Borrower and/or its
Subsidiaries in excess of $1,000,000 (after taking into account any amounts paid to the Borrower or
any Subsidiary of the Borrower in respect thereof pursuant to indemnity claims made by the Borrower
and/or its Subsidiaries) for any violation of, or liability under, any Environmental Law,
including, without limitation, all remedial costs, compliance costs, compensatory damages, punitive
damages, fines, penalties or any combination thereof.

“Material Subsidiary”: any Subsidiary of the Borrower which, at any date of
determination, either (a) had Consolidated EBITDA (utilizing, in such definition of Consolidated
EBITDA and the related terms, such Subsidiary and its consolidated Subsidiaries rather than the
Borrower and its Subsidiaries) for the four full fiscal quarters immediately preceding such date of
determination, equal to or greater than $1,000,000 or (b) held assets valued at or above $5,000,000
in the aggregate.

“Maturity Date”: the earlier of (a) September 30, 2012 and (b) the date on which all
monetary Obligations shall become due and payable in full hereunder, whether by acceleration or
otherwise.

“Moodys”: Moody’s Investors Service, Inc.

“Mortgages”: each of the mortgages, deeds of trust, deeds to secure debt and
assignments for security purposes made by any Loan Party in favor of, or for the benefit of, the
Collateral Agent for the benefit of the Secured Parties, in the form and substance reasonably
satisfactory to the Collateral Agent (with such changes thereto as shall be advisable under the law
of the jurisdiction in which such mortgage, deed of trust, deed to secure debt or assignment for
security purposes is to be recorded).

“Multiemployer Plan”: a Plan that is a “multiemployer plan” as defined in
Section 4001(a)(3) of ERISA.

“Net Cash Proceeds”: in connection with any Asset Sale, the proceeds thereof in the
form of cash and Cash Equivalents, net of attorneys’ fees, accountants’ fees, investment banking
fees, amounts required to be applied to the repayment of Indebtedness secured by a Lien expressly
permitted hereunder on any asset that is the subject of such Asset Sale (other than any Lien
pursuant to a Security Document) and other customary fees and expenses actually incurred in
connection therewith and net of taxes paid or reasonably estimated to be payable as a result
thereof (after taking into account any available tax credits or deductions and any tax sharing
arrangements). Net Cash Proceeds shall exclude any non-cash proceeds received from any Asset Sale,
but shall include such proceeds as and when converted by the Borrower or any Subsidiary of the
Borrower into cash.

“19E”: 19 Entertainment Limited, a company incorporated in England and Wales with
registered number 01886042.

“19TV”: 19 TV Limited, a company incorporated in England and Wales with registered
number 03478214.

“New Commitment”: the commitment of a Lender to make or otherwise fund a New Loan,
and “New Commitments” means such commitments of all Lenders in the aggregate. The amount
of each Lender’s New Commitment, if any, is set forth on Annex I, subject to any adjustment or
reduction pursuant to the terms and conditions hereof. The aggregate amount of the New Commitments
as of the Restatement Date is $6,666,666.66.

“New Loan”: a term loan made by a Lender to the Borrower pursuant to Section 2.1(c).

“Non-Excluded Taxes”: as defined in Section 3.9(a).

“Non-Recourse Indebtedness”: secured Indebtedness for borrowed money of a Permitted
Joint Venture, provided that (a) such Indebtedness is not, in whole or in part,
Indebtedness of any Group Member other than such Permitted Joint Venture and its Subsidiaries and
for which no holder thereof has or could have upon the occurrence of any contingency, any recourse
against any Group Member or any property or assets thereof other than such Permitted Joint Venture
and its Subsidiaries (including, for the avoidance of doubt any Capital Stock representing the
ownership interests in such Permitted Joint Venture), (b) such Indebtedness is owing only to
unaffiliated third parties (which, for the avoidance of doubt, does not include any Group Member or
any Affiliate thereof or any current or former officer or director of any Group Member), (c) the
source of repayment for such Indebtedness is expressly limited to the assets or cash flows of such
Permitted Joint Venture and its Subsidiaries, (d) no Group Member (other than such Permitted Joint
Venture and its Subsidiaries) provides credit support of any kind (including any undertaking,
agreement or instrument that would constitute Indebtedness) or is directly or indirectly liable as
a guarantor or otherwise in respect of such Indebtedness or in respect of the business or
operations of the applicable Permitted Joint Venture and its Subsidiaries that are obligors under
such Non-Recourse Indebtedness and (e) the lenders of such Indebtedness have been notified in
writing that they will not have any recourse to any Group Member or the stock or assets of any
Group Member (other than such Permitted Joint Venture and its Subsidiaries), in the case of clauses
(a), (c) and (d) above, as reasonably determined by the Administrative Agent.

“Non-U.S. Lender”: as defined in Section 3.9(d).

“Notes”: the promissory notes of the Borrower issued pursuant to Section 3.13(d), in
each case substantially in the form of Exhibit G.

“Obligations”: as defined in the Guarantee and Collateral Agreement.

“OFAC”: as defined in Section 4.22(a).

“Original Closing Date”: May 24, 2006.

“Original Credit Agreement”: as defined in the recitals.

“Other Taxes”: any and all present or future stamp, documentary, intangible,
recording or filing Taxes or any other excise or property Taxes, charges or similar levies arising
from any payment made hereunder or from the execution, delivery, enforcement or registration of, or
from the registration, receipt or perfection of a security interest under, or otherwise with
respect to, this Agreement or any other Loan Document.

“Participant”: as defined in Section 10.6(c).

“Participant Register”: as defined in Section 10.6(c)(ii).

“Patent”: as defined in the Guarantee and Collateral Agreement.

“Patriot Act”: as defined in Section 10.17.

“PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
of Title IV of ERISA (or any successor).

“Permitted Acquisition”: one or more acquisitions by any Loan Party after the
Restatement Date of a business unit (with any associated assets) or all of the outstanding capital
stock or other ownership interests (other than margin stock) of any other Person, or in-bound
license on an exclusive basis by any Loan Party of assets comprising a business unit or units (with
any associated assets) of any other Person, provided that (a) in the case of an asset
acquisition or in-bound license, the applicable assets to be acquired or licensed are used, or, in
the case of a stock acquisition, the applicable Person to be acquired is predominantly engaged, in
media, entertainment or content related businesses, (b) the Borrower shall be in compliance with
the financial covenants set forth in Section 7.1 on a pro forma basis after giving effect to such
acquisition (and a Responsible Officer of the Borrower shall have certified to such compliance),
(c) in connection with any such acquisition involving a merger, the Borrower or a Wholly Owned
Subsidiary of the Borrower shall be the surviving entity (provided that if such merger
involves the Borrower, the Borrower shall be the surviving entity), (d) immediately prior, and
after giving effect, to such acquisition or in-bound license, no Default or Event of Default shall
have occurred and be continuing and (e) in the case of the acquisition of the Capital Stock or
other ownership interests of another Person by the Borrower, (i) such Person and each of its
Subsidiaries (other than Immaterial Subsidiaries of such Person) shall be Wholly Owned Subsidiaries
of the Borrower after giving effect to such acquisition, (ii) the Collateral Agent (for the benefit
of the Secured Parties) shall have been granted a valid, perfected, first priority security
interest in such Capital Stock or other ownership interests (provided that, in the case of
the Capital Stock or other ownership interests in any Excluded Foreign Subsidiary, such security
interest shall be limited to 65% of voting shares and 100% of the non-voting shares of such Capital
Stock or other ownership interests) and (iii) such Person and each of its Subsidiaries (other than
Immaterial Subsidiaries of such Person) shall have become Subsidiary Guarantors, in each case, in
accordance with the Guarantee and Collateral Agreement (having first completed any requirements of
any applicable law or regulation in any relevant jurisdiction concerning financial assistance by a
company for the acquisition of or subscription for shares or concerning the protection of
shareholders’ capital), it being acknowledged and agreed that the foregoing requirements of clause
(iii) shall not be applicable with respect to any Person or Subsidiary thereof that is an Excluded
Foreign Subsidiary.

“Permitted Joint Venture”: one or more joint ventures or similar arrangements entered
into after the Restatement Date (which may be in the form of a limited liability company or other
Person) relating to assets that are not owned by, or licensed to, any Group Member as of the
Restatement Date, in which the Borrower or any of its Subsidiaries holds Capital Stock or otherwise
participates or invests; provided that (a) the applicable joint venture shall be
predominantly engaged in media, entertainment or content related businesses, (b) the Borrower shall
be in compliance with the financial covenants set forth in Section 7.1 on a pro forma basis after
giving effect to such Permitted Joint Venture (and a Responsible Officer of the Borrower shall have
certified to such compliance), (c) no Loan Party shall, pursuant to such joint venture, be under
any Contractual Obligation to make Investments or incur Guarantee Obligations after the later of
the Restatement Date and the initial formation of such joint venture that would be in violation of
any provision of this Agreement and (d) immediately prior, and after giving effect, to such joint
venture, no Default or Event of Default shall have occurred and be continuing.

“Person”: an individual, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture, Governmental
Authority or other entity of whatever nature.

“Plan”: at a particular time, any employee benefit plan that is covered by ERISA and
in respect of which the Borrower or a Commonly Controlled Entity is (or, if such plan were
terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as
defined in Section 3(5) of ERISA.

“Pledged Equity Interests”: the “Pledged Stock” as defined in the Guarantee and
Collateral Agreement, the “Securities” as defined in the UK Debenture and the UK Supplemental
Debenture and the “Shares” as defined in the UK Charge Over Shares and the UK Supplemental Charge
over Shares.

“Pledged Notes”: the “Pledged Notes” as defined in the Guarantee and Collateral
Agreement and any such assets secured in accordance with the terms of the UK Debenture and the UK
Supplemental Debenture.

“Preferred Stock”: as applied to the Capital Stock of any Person, Capital Stock of
any class or classes (however designated) which are preferred as to the payment of dividends or
distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or
dissolution of such Person, over the Capital Stock of any other class of such Person.

“Presley Preferred Equity”: the shares of Series B Convertible Preferred Stock of the
Borrower on the terms and conditions set forth in the certificate of designation in respect
thereof, dated February 7, 2005.

“Projections”: as defined in Section 6.2(c).

“Promenade Trust”: the Promenade Trust, a grantor trust created under the laws of
Tennessee, pursuant to the Second Restated and Amended Trust Agreement, dated December 15, 2004, by
and among Barry Siegel and Gary Hovey, as Co-Trustees, and Beneficiary.

“Properties”: as defined in Section 4.17(a).

“Property”: any right or interest in or to property of any kind whatsoever, whether
real, personal or mixed and whether tangible or intangible, including, without limitation, Capital
Stock.

“Qualified Counterparty”: with respect to any Specified Hedge Agreement, any
counterparty thereto that, at the time such Specified Hedge Agreement was entered into, was a
Lender, an Affiliate of a Lender, an Agent or an Affiliate of an Agent.

“Reaffirmation Agreement”: the Reaffirmation Agreement to be executed by the Borrower
and each Subsidiary Guarantor substantially in the form of Exhibit L, as it may be amended,
restated, amended and restated, supplemented or otherwise modified from time to time.

“Reference Lender”: JPMorgan Chase Bank, N.A.

“Register”: as defined in Section 10.6.

“Regulation U”: Regulation U of the Board as in effect from time to time.

“Reorganization”: with respect to any Multiemployer Plan, the condition that such
plan is in “reorganization” within the meaning of Section 4241 of ERISA.

“Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other
than those events as to which the thirty day notice period is waived under subsections .27, .28,
        .29, .30, .31, .32, .34 or .35 of PBGC Regulation Section 4043.

“Required Lenders”: at any time, the holders of more than 50% of the aggregate unpaid
principal amount of the Loans then outstanding.

“Requirement of Law”: as to any Person, the Certificate of Incorporation and By-Laws
or other organizational or governing documents of such Person, and any law, treaty, rule or
regulation or determination of an arbitrator or a court or other Governmental Authority, in each
case applicable to or binding upon such Person or any of its property or to which such Person or
any of its property is subject.

“Reservations”: (a) the principle that equitable remedies may be granted or refused
at the discretion of a court; the limitations imposed by laws relating to bankruptcy, insolvency,
liquidation, reorganization, court schemes, moratoria, administration and other laws generally
affecting the rights of creditors or (as the case may be) secured creditors; (b) the time barring
of claims; (c) the possibility that an undertaking to assume liability for or to indemnify against
non-payment of United Kingdom stamp duty may be void; (d) defenses of set-off or counterclaim and
other similar principles of English law (but not recoupment of advances); and (e) any other general
principles which are set out as qualifications as to matters of law in the legal opinions delivered
pursuant to Section 5.1(i) of this Agreement.

“Resignation and Appointment Agreement” means the Resignation, Waiver, Consent and
Appointment Agreement, dated as of the date hereof, among the Borrower, the Subsidiary Guarantors,
the Lenders party thereto, the Existing Agent, the Administrative Agent and the Collateral Agent.

“Responsible Officer”: the chief executive officer, president or chief financial
officer of the Borrower, but in any event, with respect to financial matters, the chief financial
officer of the Borrower.

“Restatement Date”: the date on which the conditions precedent set forth in Section
5.1 shall have been satisfied or waived in accordance with Section 10.01.

“Restricted Payments”: as defined in Section 7.6.

“Rollover Commitment”: the commitment of a Lender to convert all or a portion of its
Existing Loans into Loans hereunder, and “Rollover Commitments” means such commitments of
all Lenders in the aggregate. The amount of each Lender’s Rollover Commitment, if any, is set
forth on Annex II, subject to any adjustment or reduction pursuant to the terms and conditions
hereof. The aggregate amount of the Rollover Commitments as of the Restatement Date is
$53,333,333.34.

“S&P”: Standard & Poor’s Ratings Services.

“SEC”: the Securities and Exchange Commission, any successor thereto and any
analogous Governmental Authority.

“Secured Parties”: the collective reference to the Lenders, the Agents and the
Qualified Counterparties.

“Security Documents”: the collective reference to the Guarantee and Collateral
Agreement, the Reaffirmation Agreement, the UK Security Documents, the Mortgages (if any), each
Intellectual Property Security Agreement (and any supplements to any of the foregoing), and all
other agreements, instruments and documents hereafter delivered to the Administrative Agent or the
Collateral Agent granting or perfecting (or purporting to grant or perfect) a Lien on any property
of any Person to secure the obligations and liabilities of any Loan Party under any Loan Document
or Specified Hedge Agreement, in each case, as it may be amended, restated, amended and restated,
supplemented or otherwise modified from time to time, and together with any exhibits, annexes,
schedules and other attachments thereto.

“Sillerman Group”: (a) Robert F. X. Sillerman, (b) any spouse or other immediate
family member of Robert F. X. Sillerman and (c) any trust, corporation, partnership or other
entity, the beneficiaries, stockholders, owners, partners, owners or  Persons beneficially holding
an 80% or greater controlling interest of which consist of such Persons specified in clauses (a)
and (b) above.

“Single Employer Plan”: any Plan that is covered by Title IV of ERISA, but that is
not a Multiemployer Plan.

“Solvent”: when used with respect to any Person, means that, as of any date of
determination, (a) the amount of the “present fair saleable value” of the assets of such Person
will, as of such date, exceed the amount of all “liabilities of such Person, contingent or
otherwise”, as of such date, as such quoted terms are determined in accordance with applicable
federal and state laws governing determinations of the insolvency of debtors (or, in the case of
Group Members incorporated in England and Wales, the value of its assets exceeds its liabilities
(taking into account contingent and prospective liabilities)), (b) the present fair saleable value
of the assets of such Person will, as of such date, be greater than the amount that will be
required to pay the liability of such Person on its debts as such debts become absolute and
matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital
with which to conduct its business, and (d) such Person will be able to pay its debts as they
mature. For purposes of this definition, (i) ”debt” means liability on a “claim”, and (ii) ”claim”
means any (A) right to payment, whether or not such a right is reduced to judgment, liquidated,
unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable,
secured or unsecured or (B) right to an equitable remedy for breach of performance if such breach
gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to
judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured.

“Specified Hedge Agreement”: any Hedge Agreement (a) entered into by (i) the Borrower
or any of its Subsidiaries and (ii) any Qualified Counterparty, as counterparty and (b) that has
been designated by such Qualified Counterparty and the Borrower, by notice to the Administrative
Agent and the Collateral Agent, as a Specified Hedge Agreement; provided that (A) subject
to Section 10.14, obligations of the Borrower or any Subsidiary under any Specified Hedge Agreement
shall be secured and guaranteed pursuant to the Security Documents only to the extent that, and for
so long as, the other Obligations are so secured and guaranteed and (B) any release of Collateral
or Subsidiary Guarantors effected in the manner permitted by this Agreement shall not require the
consent of holders of obligations under Specified Hedge Agreements. The designation of any Hedge
Agreement as a Specified Hedge Agreement shall not create in favor of any Qualified Counterparty
that is a party thereto any rights in connection with the management or release of any Collateral
or of the obligations of any Subsidiary Guarantor under the Guarantee and Collateral Agreement
except as provided in Section 10.14.

“Subordinated Debt”: any unsecured Indebtedness of the Borrower, no part of the
principal of which is required to be paid (whether by way of mandatory sinking fund, mandatory
redemption or mandatory prepayment), prior to the date that is six months later than the Maturity
Date and the payment of principal and interest of which and other obligations of the Borrower in
respect thereof are subordinated to the prior payment in full of the obligations on terms and
conditions (including subordination provisions) customary for subordinated high yield bond
financings.

“Subordinated Debt Indenture”: the indenture pursuant to which any Subordinated Debt
is issued.

“Subordination Provisions”: the subordination provisions attached as Exhibit K.

“Subsidiary”: as to any Person, a company, a corporation, partnership, limited
liability company or other entity of which shares of stock or other ownership interests having
ordinary voting power (other than stock or such other ownership interests having such power only by
reason of the happening of a contingency) to elect a majority of the board of directors or other
managers of such corporation, partnership or other entity are at the time owned, or the management
of which is otherwise controlled, directly or indirectly through one or more intermediaries, or
both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to
“Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower.

“Subsidiary Guarantor”: each US Subsidiary Guarantor, each UK Subsidiary Guarantor
and each other Subsidiary of the Borrower other than (a) the Elvis Operating Companies, (b) the
GOAT Operating Company, (c) 19 Entertainment GmbH, (d) 19 Touring GmbH, (e) any Subsidiary acquired
after the Restatement Date that is not a Wholly Owned Subsidiary (but only to the extent that the
applicable joint venture or other organizational documents prohibit such Subsidiary from becoming a
Subsidiary Guarantor) and (f) any Excluded Foreign Subsidiary.

“Taxes”: as defined in Section 3.9(a).

“Trademark”: as defined in the Guarantee and Collateral Agreement.

“Transferee”: any Assignee or Participant.

“Type”: as to any Loan, its nature as a Base Rate Loan or a Eurodollar Loan.

“UK Charge Over Shares”: the Charge Over Shares in the form of Exhibit D-1, dated as
of the Original Closing Date, between the Borrower and the Collateral Agent, as successor to the
Existing Agent, as it may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time.

“UK Debenture”: the Debenture in the form of Exhibit E-1, dated as of the Original
Closing Date, between each of the UK Subsidiary Guarantors and the Collateral Agent, as successor
to the Existing Agent, as it may be amended, restated, amended and restated, supplemented or
otherwise modified from time to time.

“UK GAAP”: generally accepted accounting principles in the United Kingdom as in
effect from time to time, except that for purposes of Section 7.1, UK GAAP shall be determined on
the basis of such principles in effect on the date hereof and consistent with those used in the
preparation of the most recent audited financial statements referred to in Section 4.1(b). In the
event that any Accounting Change shall occur and such change results in a change in the method of
calculation of financial covenants, standards or terms in this Agreement, then the Borrower and the
Administrative Agent agree to enter into negotiations in order to amend such provisions of this
Agreement so as to equitably reflect such Accounting Changes with the desired result that the
criteria for evaluating the Borrower’s financial condition shall be the same after such Accounting
Changes as if such Accounting Changes had not been made. Until such time as such an amendment
shall have been executed and delivered by the Borrower, the Administrative Agent and the Required
Lenders, all financial covenants, standards and terms in this Agreement shall continue to be
calculated or construed as if such Accounting Changes had not occurred.

“UK Security Documents”: the UK Charge over Shares, the UK Debenture, the UK
Supplemental Charge over Shares and the UK Supplemental Debenture.

“UK Subsidiary Guarantor”: (a) CKX UK Holdings, (b) 19E, (c) 19 Recordings Limited (a
company incorporated in England and Wales with registered number 03602651), (d) 19TV, (e) 19
Merchandising Limited (a company incorporated in England and Wales with registered number
03695399), (f) 19 Management Limited (a company incorporated in England and Wales with registered
number 04379115), (g) 19 Productions Limited (a company incorporated in England and Wales with
registered number 03493656), (h) 19 Brands Limited (a company incorporated in England and Wales
with registered number 04742804), (i) 19 Loves Music Limited (a company incorporated in England and
Wales with registered number 05020202), (j) 19 Touring Limited (a company incorporated in England
and Wales with registered number 04368840), (k) 19 Artist Tours Limited (a company incorporated in
England and Wales with registered number 04945201), (l) Native Management Limited (a company
incorporated in England and Wales with registered number 29490841), (m) Native Songs Limited (a
company incorporated in England and Wales with registered number 3726716), (n) Double Vision Film
Limited (a company incorporated in England and Wales with registered number 4347221), (o) Freedom
Media Limited (a company incorporated in England and Wales with registered number 4510020), (p)
Freedom TV Limited (a company incorporated in England and Wales with registered number 4563749) and
(q) each other Subsidiary of the Borrower incorporated in England and Wales that becomes a party to
the Guarantee and Collateral Agreement and/or the UK Supplemental Debenture in accordance with the
terms thereof or hereof.

“UK Supplemental Charge Over Shares”: the Supplemental Charge Over Shares to be
executed by the Borrower and the Collateral Agent on the Restatement Date, substantially in the
form of Exhibit D-2, as it may be amended, restated, amended and restated, supplemented or
otherwise modified from time to time.

“UK Supplemental Debenture”: the Supplemental Debenture to be executed by the UK
Subsidiary Guarantors and the Collateral Agent on the Restatement Date, substantially in the form
of Exhibit E-2, as it may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time.

“United States”: the United States of America.

“US Subsidiary Guarantor”: (a) G.O.A.T., Inc., (b) CKX G.O.A.T. Holding Corp., (c)
EPE Holding Corporation, (d) Focus Enterprises, Inc., (e) StepTeco, Inc., (f) Morra, Brezner,
Steinberg & Tennenbaum Entertainment, Inc., (g) Uncle Dave’s Boondoggle, Inc., (h) 19
Entertainment, Inc., (i) On the Road Productions, (j) 19 Touring LLC, (k) Dance Nation Productions,
Inc., (l) Southside Productions, Inc., (m) 19 Recording Services, Inc., (n) J2K Productions, Inc.,
(o) All Girl Productions, (p) 19 Recordings, Inc., (q) This Land Productions, Inc. (r) CTA
Productions, Inc., (s) Masters of Dance Productions Inc., (t) SYTYCD DVD Productions, Inc., (u) CKX
Holding Corp., (v) IICD, LLC, (w) The Comedy Hall of Fame, LLC, (x) 19 Entertainment Worldwide LLC
and (y) each other Subsidiary of the Borrower incorporated in the United States or any State or
political subdivision thereof that becomes a party to the Guarantee and Collateral Agreement in
accordance with the terms thereof or hereof.

“Use”: as defined in Section 4.9(a).

“Wholly Owned Subsidiary”: as to any Person, any other Person all of the Capital
Stock of which (other than directors’ qualifying shares required by law) is owned by such Person
directly and/or through other Wholly Owned Subsidiaries.

1.2. Other Definitional Provisions.   

(a)    Unless otherwise specified therein, all terms defined in this Agreement shall have the
defined meanings when used in the other Loan Documents or any certificate or other document made or
delivered pursuant hereto or thereto.

(b) As used herein and in the other Loan Documents, and any certificate or other document made
or delivered pursuant hereto or thereto, (i) accounting terms relating to any Group Member not
defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not
defined, shall have the respective meanings given to them under GAAP, (ii) the words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”,
(iii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in
respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative
meanings), (iv) the words “asset” and “property” shall be construed to have the same meaning and
effect and to refer to any and all tangible and intangible assets and properties, including cash,
Capital Stock, securities, revenues, accounts, leasehold interests and contract rights, and
(v) references to agreements or other Contractual Obligations shall, unless otherwise specified, be
deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated or
otherwise modified from time to time (subject to any applicable restrictions hereunder).  

(c) The words “hereof”, “hereto”, “herein” and “hereunder” and words of similar import when
used in this Agreement shall refer to this Agreement as a whole and not to any particular provision
of this Agreement, and Section, Annex, Schedule, Exhibit, preamble and recital references are to
this Agreement unless otherwise specified.

(d) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.  

(e) The expressions, “payment in full,” “paid in full” and any other similar terms or phrases
when used herein with respect to the Obligations shall mean the payment in full in cash, in
immediately available funds, of all the Obligations.

(f) Except as otherwise expressly provided herein, all terms of an accounting or financial
nature shall be construed in accordance with GAAP.

(g) For the purposes of the Loan Documents, if a Dollar amount needs to be determined, any
amount which is denominated in a currency other than Dollars will be converted into Dollars using
the Spot Rate on that date. “Spot Rate” means the spot rate of exchange of the
Administrative Agent (as determined by the Administrative Agent in relation to its customers
generally) for the purchase of Dollars with the appropriate amount of a currency in the New York
City foreign exchange market in the ordinary course of business at or about 10.00 a.m., New York
City time, on the day in question for delivery two Business Days later.

(h) The term “license” shall include any sub-license (and variations thereof).

(i) References to (i) “knowledge of the Borrower”, “Borrower’s knowledge” or any phrase of
similar import shall mean (x) as it relates to information pertaining to the Borrower, the actual
knowledge of executive officers of the Borrower and (y) as it relates to information pertaining to
a Group Member, the actual knowledge of executive officers of the Borrower and of executive
officers of such Group Member, in each case, after reasonable inquiry in light of relevant facts
and circumstances, and (ii) “knowledge of any Group Member”, “Group Member’s knowledge” or any
phrase of similar import shall mean the actual knowledge of the executive officers of such Group
Member, after reasonable inquiry in light of relevant facts and circumstances.

(j) This Agreement restates and replaces, in its entirety, the Original Credit Agreement; any
reference in any of the other Loan Documents to the Original Credit Agreement (howsoever defined)
shall mean this Agreement.

	 	 	 
	SECTION 2.  

2.1.
	 	THE LOANS

Existing Loans; Commitments.

	 	 	 

(a) The parties hereto acknowledge and agree that (i) the Existing Loans have been made prior
to the date hereof and (ii) Existing Loans in an aggregate principal amount equal to $53,333,333.34
shall remain outstanding and be converted into Loans hereunder as set forth in Section 2.1(b).

(b) Subject to the terms and conditions set forth herein, each Lender with a Rollover
Commitment severally (and not jointly) agrees that all or a portion of the Existing Loans made by
such Lender under the Original Credit Agreement and outstanding on the Restatement Date immediately
prior to giving effect to this Agreement in an aggregate principal amount equal to such Lender’s
Rollover Commitment shall remain outstanding on and after the Restatement Date and shall be
converted into Loans (the “Converted Loans”) in an equal principal amount deemed made
pursuant to this Agreement on the Restatement Date. The conversion by a Lender of all or a portion
of its Existing Loans shall be deemed to satisfy, dollar for dollar, such Lender’s obligation to
make Converted Loans on the Restatement Date. Such Existing Loans of each Lender shall hereafter
be referred to as “Loans”, and on and after the Restatement Date shall have all of the rights and
benefits of Loans as set forth in this Agreement and the other Loan Documents. Any amount borrowed
or converted under this Section 2.1(b) and subsequently repaid or prepaid may not be reborrowed.
Each Lender’s Rollover Commitment shall terminate immediately and without further action on the
Restatement Date after giving effect to the conversion of such Lender’s Existing Loans into Loans
hereunder on such date. Notwithstanding anything herein to the contrary, all Loans of any Lender
made or converted hereunder on the Restatement Date pursuant to this Section 2.1(b) that are
Eurodollar Loans will have initial Interest Periods ending on the same dates as the Interest
Periods applicable to the Existing Loans of such Lender.

(c) Subject to the terms and conditions set forth herein, each Lender with a New Commitment
severally (and not jointly) agrees to make a New Loan on the Restatement Date to the Borrower in
Dollars in an amount equal to such Lender’s New Commitment (if any) as of the Restatement Date.
The Borrower may only make one borrowing under the New Commitments, which shall be on the
Restatement Date. Any amount borrowed under this Section 2.1(c) and subsequently repaid or prepaid
may not be reborrowed. Each Lender’s New Commitment shall terminate immediately and without
further action on the Restatement Date after giving effect to the funding of such Lender’s New Loan
on such date.

(d) As of the Restatement Date, immediately after giving effect to the conversion of Existing
Loans into Loans hereunder pursuant to Section 2.1(b) and the making of New Loans pursuant to
Section 2.1(c), the aggregate principal amount of the Loans outstanding is $60,000,000.

2.2. Procedure for Loan Borrowing. The Borrower shall give the Administrative Agent
irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 Noon,
New York City time, (a) three Business Days prior to the Restatement Date, in the case of New Loans
that are Eurodollar Loans, or (b) one Business Day prior to the Restatement Date, in the case of
New Loans that are Base Rate Loans), specifying (i) the amount and Type of New Loans to be borrowed
and (ii) in the case of Eurodollar Loans, the respective amounts of each such Type of New Loan and
the respective lengths of the initial Interest Period therefor. Upon receipt of any such notice
from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender
will make an amount equal to its New Commitment available to the Administrative Agent for the
account of the Borrower at the Funding Office prior to 12:00 Noon, New York City time, on the
Restatement Date in funds immediately available to the Administrative Agent. Such borrowing will
then be made available to the Borrower by the Administrative Agent crediting the account of the
Borrower on the books of such office with the aggregate of the amounts made available to the
Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. On
the Restatement Date, immediately after giving effect to the conversion of Existing Loans into
Loans hereunder pursuant to Section 2.1(b), the Borrower will use funds made available to it by the
Administrative Agent pursuant to this Section 2.2, together with cash on hand in an amount not less
than $40,000,000, to pay amounts outstanding under the Original Credit Agreement on the Restatement
Date (immediately after giving effect to the conversion of Existing Loans into Loans hereunder
pursuant to Section 2.1(b)). For the avoidance of doubt, each Lender party hereto on the
Restatement Date hereby acknowledges and agrees that it shall have no right to a pro rata payment
under Section 3.7(b) in respect of the $40,000,000 payment to be made by the Borrower pursuant to
the immediately preceding sentence, which payment shall be used to pay amounts outstanding under
the Original Credit Agreement on the Restatement Date (immediately after giving effect to the
conversion of Existing Loans into Loans hereunder pursuant to Section 2.1(b)).

2.3. Fees, Etc. The Borrower agrees to pay to the Agents and the Lenders (a) all fees
and other amounts set forth in that certain fee letter, dated March 3, 2011, among JPMorgan Chase
Bank, N.A., J.P. Morgan Securities LLC and the Borrower, and (b) such other fees in the amounts and
at the times separately agreed upon.

2.4. Repayment of Loans. The principal amounts of the Loans shall be repaid in
consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set
forth below, commencing on June 30, 2011:

	 	 	 	 	 
	Payment Date
	 	Installment
	 
	 	 	 	 
	June 30, 2011
	 	$	2,000,000	 
	 
	 	 	 	 
	September 30, 2011
	 	$	2,000,000	 
	 
	 	 	 	 
	December 31, 2011
	 	$	2,000,000	 
	 
	 	 	 	 
	March 31, 2012
	 	$	2,000,000	 
	 
	 	 	 	 
	June 30, 2012
	 	$	2,000,000	 
	 
	 	 	 	 
	Maturity Date
	 	$	50,000,000	 
	 
	 	 	 	 

Notwithstanding the foregoing, (a) such Installments shall be reduced in connection with any
prepayments of the Loans in accordance with Section 3.1, and (b) the Loans, together with interest,
fees and all other amounts owed hereunder with respect thereto, shall, in any event, be paid in
full no later than the Maturity Date.

SECTION 3.   GENERAL PROVISIONS APPLICABLE TO LOANS

3.1. Optional Prepayments. The Borrower may at any time and from time to time prepay
the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to
the Administrative Agent no later than 11:00 a.m., New York City time, three Business Days prior
thereto, in the case of Eurodollar Loans, and no later than 11:00 a.m., New York City time, on the
date of prepayment, in the case of Base Rate Loans, which notice shall specify the date and amount
of prepayment and whether the prepayment is of Eurodollar Loans or Base Rate Loans;
provided that if a Eurodollar Loan is prepaid on any day other than the last day of the
Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to
Section 3.10; provided, further, that if such notice is conditioned upon the
effectiveness of a refinancing in full of the Obligations or any issuance of equity, such notice
may be revoked upon at least one Business Day’s written notice by the Borrower to the
Administrative Agent if such refinancing does not become effective or such other transaction does
not close. Upon receipt of any such notice of prepayment, the Administrative Agent shall promptly
notify each relevant Lender thereof. If any such notice of prepayment is given, the amount
specified in such notice shall be due and payable on the date specified therein, together with
accrued interest to such date on the amount prepaid. Partial prepayments of Loans shall be in an
aggregate principal amount of $1,000,000 or a whole multiple thereof.

3.2. Conversion and Continuation Options.   

(a) The Borrower may elect from time to time to convert Eurodollar Loans to Base Rate Loans by
giving the Administrative Agent prior irrevocable notice of such election no later than 11:00 a.m.,
New York City time, on the Business Day preceding the proposed conversion date, provided
that any such conversion of Eurodollar Loans may only be made on the last day of an Interest Period
with respect thereto. The Borrower may elect from time to time to convert Base Rate Loans to
Eurodollar Loans by giving the Administrative Agent prior irrevocable notice of such election no
later than 11:00 a.m., New York City time, on the third Business Day preceding the proposed
conversion date (which notice shall specify the length of the initial Interest Period therefor),
provided that no Base Rate Loan may be converted into a Eurodollar Loan when any Event of
Default has occurred and is continuing and the Administrative Agent or the Required Lenders have
determined in its or their sole discretion not to permit such conversions. So long as no Event of
Default has occurred and is continuing, if the Borrower requests a conversion to Eurodollar Loans
in any such notice, but fails to specify an Interest Period, it will be deemed to have specified an
Interest Period of one month. Upon receipt of any such notice the Administrative Agent shall
promptly notify each relevant Lender thereof.

(b) Any Eurodollar Loan may be continued as such upon the expiration of the then current
Interest Period with respect thereto by the Borrower giving irrevocable notice to the
Administrative Agent, in accordance with the applicable provisions of the term “Interest Period”
set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans,
provided that no Eurodollar Loan may be continued as such when any Event of Default has
occurred and is continuing and the Administrative Agent has or the Required Lenders have determined
in its or their sole discretion not to permit such continuations, and provided,
further, that if the Borrower shall fail to give any required notice as described above in
this paragraph or if such continuation is not permitted pursuant to the preceding proviso such
Loans shall be automatically converted to Base Rate Loans on the last day of such then expiring
Interest Period. So long as no Event of Default has occurred and is continuing, if the Borrower
requests a continuation of Eurodollar Loans in any such notice, but fails to specify an Interest
Period, it will be deemed to have specified an Interest Period of one month. Upon receipt of any
such notice the Administrative Agent shall promptly notify each relevant Lender thereof.

3.3. Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in
this Agreement, all borrowings, conversions and continuations of Eurodollar Loans hereunder and all
selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such
elections so that, (a) after giving effect thereto, the aggregate principal amount of the
Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $3,000,000 or a whole
multiple of $1,000,000 in excess thereof and (b) no more than five Eurodollar Tranches shall be
outstanding at any one time.

3.4. Interest Rates and Payment Dates.

(a)    Each Eurodollar Loan shall bear interest on the outstanding principal amount thereof
for each day during each Interest Period with respect thereto at a rate per annum equal to the
Eurodollar Rate determined for such day plus the Applicable Margin.

(b) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof at a
rate per annum equal to the Base Rate plus the Applicable Margin.

(c)    (i)  If all or a portion of the principal amount of any Loan shall not be paid when due
(whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear
interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant
to the foregoing provisions of this Section plus 2% and (ii) if all or a portion of any
interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when
due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear
interest at a rate per annum equal to the rate then applicable to Base Rate Loans plus 2%,
in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until
such amount is paid in full (after as well as before judgment). In addition, during the
continuance of a Default or Event of Default, all Obligations (whether or not overdue) shall bear
interest at the rates specified in the preceding sentence.

(d)    Interest shall be payable in arrears on each Interest Payment Date, provided
that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time
on demand.

3.5. Computation of Interest and Fees.

(a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day
year for the actual days elapsed, except that, with respect to Base Rate Loans the rate of interest
on which is calculated on the basis of the Prime Rate, the interest thereon shall be calculated on
the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The
Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of
each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from
a change in the Base Rate or the Eurocurrency Reserve Requirements shall become effective as of the
opening of business on the day on which such change becomes effective. The Administrative Agent
shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and
the amount of each such change in interest rate. Interest shall accrue on each Loan for each day
on which it is made or outstanding, except the day on which it is repaid unless it is repaid on the
same day that it was made.

(b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the
absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver
to the Borrower a statement showing the quotations used by the Administrative Agent in determining
any interest rate pursuant to Section 3.4(a).

3.6. Inability to Determine Interest Rate. If prior to the first day of any Interest
Period:

(a) the Administrative Agent shall have determined (which determination shall be conclusive
and binding upon the Borrower) that, by reason of circumstances affecting the relevant market,
adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest
Period, or

(b) the Administrative Agent shall have received notice from the Required Lenders that the
Eurodollar Rate determined or to be determined for such Interest Period will not adequately and
fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of making or
maintaining their affected Loans during such Interest Period,

in either such case, the Administrative Agent shall give telecopy or telephonic notice thereof to
the Borrower and the relevant Lenders as soon as practicable thereafter. If such notice is given
(x) any Eurodollar Loans requested to be made on the first day of such Interest Period shall be
made as Base Rate Loans, (y) any Loans that were to have been converted on the first day of such
Interest Period to Eurodollar Loans shall be continued as Base Rate Loans and (z) any outstanding
Eurodollar Loans shall be converted, on the last day of the then-current Interest Period, to Base
Rate Loans. Until such notice has been withdrawn by the Administrative Agent, no further
Eurodollar Loans shall be made or continued as such, nor shall the Borrower have the right to
convert Base Rate Loans to Eurodollar Loans.

3.7. Pro Rata Treatment and Payments.

(a)    Each borrowing by the Borrower from the Lenders hereunder shall be made pro rata
according to the respective Aggregate Exposure Percentages of the relevant Lenders.

(b) Each payment (including each prepayment) by the Borrower on account of principal of and
interest on the Loans shall be made pro rata according to the respective
outstanding principal amounts of the Loans then held by the Lenders.

(c)    All payments (including prepayments) to be made by the Borrower hereunder and under the
Notes, whether on account of principal, interest, fees or otherwise, shall be made without setoff
or counterclaim and shall be made prior to 12:00 noon, New York City time, on the due date thereof
to the Administrative Agent, for the account of the Lenders, at the Funding Office, in Dollars and
in immediately available funds. The Administrative Agent shall distribute such payments to the
Lenders promptly upon receipt in like funds as received. If any payment hereunder (other than
payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, such
payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar Loan
becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended
to the next succeeding Business Day unless the result of such extension would be to extend such
payment into another calendar month, in which event such payment shall be made on the immediately
preceding Business Day. In the case of any extension of any payment of principal pursuant to the
preceding two sentences, interest thereon shall be payable at the then applicable rate during such
extension.

(d)    Unless the Administrative Agent shall have been notified in writing by any Lender prior
to a borrowing that such Lender will not make the amount that would constitute its share of such
borrowing available to the Administrative Agent, the Administrative Agent may assume that such
Lender is making such amount available to the Administrative Agent, and the Administrative Agent
may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If
such amount is not made available to the Administrative Agent by the required time on the
Restatement Date, such Lender shall pay to the Administrative Agent, on demand, such amount with
interest thereon at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a
rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation for the period until such Lender makes such amount immediately available to the
Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with
respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest
error. If such Lender’s share of such borrowing is not made available to the Administrative Agent
by such Lender within three Business Days of the Restatement Date, the Administrative Agent shall
also be entitled to recover such amount with interest thereon at the rate per annum applicable to
Base Rate Loans, on demand, from the Borrower.

(e)    Unless the Administrative Agent shall have been notified in writing by the Borrower
prior to the date of any payment due to be made by the Borrower hereunder that the Borrower will
not make such payment to the Administrative Agent, the Administrative Agent may assume that the
Borrower is making such payment, and the Administrative Agent may, but shall not be required to, in
reliance upon such assumption, make available to the Lenders their respective pro
rata            shares of a corresponding amount. If such payment is not made to the Administrative
Agent by the Borrower within three Business Days after such due date, the Administrative Agent
shall be entitled to recover, on demand, from each Lender to which any amount which was made
available pursuant to the preceding sentence, such amount with interest thereon at the rate per
annum equal to the daily average Federal Funds Effective Rate. Nothing herein shall be deemed to
limit the rights of the Administrative Agent or any Lender against the Borrower.

3.8. Requirements of Law.  

(a)    If the adoption of or any change in any Requirement of Law or in the interpretation or
application thereof or compliance by any Agent or Lender with any request or directive (whether or
not having the force of law) from any central bank or other Governmental Authority made subsequent
to the date hereof:

(i) shall subject any Agent or Lender to any Tax of any kind whatsoever with respect to
this Agreement or any Loan made by it or its deposits, reserves, other liabilities or
capital attributable thereto, or change the basis of taxation of payments to such Agent or
Lender, as applicable, in respect thereof (except for Non-Excluded Taxes covered by Section
3.9 and Taxes that are expressly excluded under Section 3.9(a));

(ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory
loan or similar requirement against assets held by, deposits or other liabilities in or for
the account of, advances, loans or other extensions of credit by, or any other acquisition
of funds by, any office of such Agent or Lender that is not otherwise included in the
determination of the Eurodollar Rate hereunder; or

(iii) shall impose on such Agent or Lender any other condition;

and the result of any of the foregoing is to increase the cost to such Agent or Lender, by an
amount that such Agent or Lender, as applicable, deems to be material, of making, converting into,
continuing or maintaining Eurodollar Loans, or to reduce any amount receivable hereunder in respect
thereof, then, in any such case, the Borrower shall promptly pay such Agent or Lender, upon its
demand, any additional amounts necessary to compensate such Agent or Lender, as applicable, for
such increased cost or reduced amount receivable. If any Agent or Lender becomes entitled to claim
any additional amounts pursuant to this paragraph, it shall promptly notify the Borrower (with a
copy to the Administrative Agent) of the event by reason of which it has become so entitled.

(b) If any Agent or Lender shall have determined that the adoption of or any change in any
Requirement of Law regarding capital adequacy or in the interpretation or application thereof or
compliance by such Agent or Lender, as applicable, or any Person controlling such Agent or Lender
with any request or directive regarding capital adequacy (whether or not having the force of law)
from any Governmental Authority made subsequent to the date hereof shall have the effect of
reducing the rate of return on such Agent’s or Lender’s or such Person’s capital as a consequence
of its obligations hereunder to a level below that which such Agent or Lender or such Person could
have achieved but for such adoption, change or compliance (taking into consideration such Agent’s
or Lender’s or such Person’s policies with respect to capital adequacy) by an amount deemed by such
Agent or Lender to be material, then from time to time, after submission by such Agent or Lender to
the Borrower (with a copy to the Administrative Agent) of a written request therefor, the Borrower
shall pay to such Agent or Lender such additional amount or amounts as will compensate such Agent
or Lender or such Person for such reduction.

(c)    A certificate as to any additional amounts payable pursuant to this Section 3.8
submitted by any Agent or Lender to the Borrower (with a copy to the Administrative Agent) shall be
conclusive in the absence of manifest error. Notwithstanding anything to the contrary in this
Section 3.8, the Borrower shall not be required to compensate an Agent or Lender pursuant to this
Section 3.8 for any amounts incurred more than six months prior to the date that such Agent or
Lender, as applicable, notifies the Borrower of such Agent’s or Lender’s intention to claim
compensation therefor; provided that, if the circumstances giving rise to such claim have a
retroactive effect, then such six-month period shall be extended to include the period of such
retroactive effect. The obligations of the Borrower pursuant to this Section 3.8 shall survive the
termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.

(d) Notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in
connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank
for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States regulatory authorities, in each case pursuant to Basel III,
shall in each case be deemed to be a change in any Requirement of Law, regardless of the date
enacted, adopted or issued.

3.9. Taxes.

(a)    All payments made by or on behalf of the Borrower under this Agreement shall be made
free and clear of, and without deduction or withholding for or on account of, any present or future
income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings,
now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority,
including any interest, additions to tax or penalties applicable thereto (“Taxes”),
excluding (x) net income Taxes and franchise Taxes (imposed in lieu of net income Taxes) imposed on
any Agent, Lender or Participant as a result of a present or former connection between such Agent,
such Lender or such Participant and the jurisdiction of the Governmental Authority imposing such
Tax or any political subdivision or taxing authority thereof or therein (other than any such
connection arising solely from such Agent, such Lender or such Participant having executed,
delivered or performed its obligations or received a payment under, or enforced, this Agreement or
any other Loan Document, or sold or assigned an interest in this Agerement or any other Loan
Document) and (y) any branch profit Taxes imposed by the United States. If any such non-excluded
Taxes (“Non-Excluded Taxes”) or Other Taxes are required to be withheld from any amounts
payable to any Agent, Lender or Participant hereunder, the amounts so payable to such Agent or such
Lender shall be increased to the extent necessary to yield to such Agent, such Lender or such
Participant (after payment of all Non-Excluded Taxes and Other Taxes (including payment of all
Non-Excluded Taxes and Other Taxes imposed on additional amounts payable pursuant to this Section))
interest or any such other amounts payable hereunder at the rates or in the amounts specified in
this Agreement, provided, however, that the Borrower shall not be required to
increase any such amounts payable to any Lender, Agent or Participant with respect to any
Non-Excluded Taxes (i) that are attributable to such Lender’s, such Agent’s or such Participant’s
failure to comply with the requirements of paragraph (d), (e) or (f) of this Section, (ii) that are
imposed under FATCA or (iii) that are United States withholding Taxes (including backup
withholding) resulting from laws in effect at the time such Lender, such Agent or such Participant
becomes a party to this Agreement, except to the extent that its assignor (if any) was entitled to
receive additional amounts in respect of such Non-Excluded Taxes at the time of the assignment or
(iii) that are imposed under FATCA.

(b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority
in accordance with applicable law. The Borrower shall indemnify each Agent, Lender, or Participant
for any Non-Excluded Taxes that are not described in clauses (i), (ii) or (iii) of Section 3.9(a)
and that are paid or payable by such Person in connection with this Agreement (including amounts
paid or payable under this Section 3.9(b)) and any reasonable expenses arising therefrom or with
respect thereto, whether or not such Non-Excluded Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. The indemnity under this Section 3.9(b) shall be
paid within 30 days after such Person delivers to the Borrower a certificate stating the amount of
any such Non-Excluded Taxes so paid or payable by such Person and describing the basis for the
indemnification claim, and such certificate shall be conclusive of the amount so paid or payable
absent manifest error. Such Person shall deliver a copy of such certificate to the Administrative
Agent.

(c)    Whenever any Non-Excluded Taxes or Other Taxes are payable by or on behalf of the
Borrower, as promptly as possible thereafter the Borrower shall send to the Administrative Agent
for its own account or for the account of the relevant Agent or Lender, as the case may be, a
certified copy of an original official receipt received by the Borrower showing payment thereof.
If the Borrower fails to pay any Non-Excluded Taxes or Other Taxes when due to the appropriate
taxing authority or fails to remit to the Administrative Agent the required receipts or other
reasonably required documentary evidence, the Borrower shall indemnify the Agents and the Lenders
for any incremental Taxes, interest or penalties that may become payable by any Agent or any Lender
as a result of any such failure.

(d)    Each Lender (or Transferee) or Agent that is not a “United States Person” as defined in
Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to the Borrower and the
Administrative Agent (or, in the case of a Participant, to the Lender from which the related
participation shall have been purchased for transmittal to the Administrative Agent) two copies of
U.S. Internal Revenue Service Form W-8IMY, W-8ECI and/or Form W-8BEN, as applicable (or successor
form) or, in the case of a Non-U.S. Lender claiming exemption from U.S. federal withholding Tax
under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio interest”, a
statement substantially in the form of Exhibit F and a Form W-8BEN and/or W-8IMY, or any subsequent
versions thereof or successors thereto, properly completed and duly executed by such Non-U.S.
Lender claiming complete exemption from, or a reduced rate of, U.S. federal withholding Tax on all
payments by the Borrower under this Agreement and the other Loan Documents. Such forms shall be
delivered by each Lender (or Transferee) or Agent on or before the date it becomes a party to this
Agreement (or, in the case of any Participant, on or before the date such Participant purchases the
related participation) and promptly from time to time thereafter upon the reasonable request of the
Borrower or the Administrative Agent. In addition, each Lender (or Transferee) or Agent shall
promptly notify the Borrower and the Administrative Agent and shall deliver updated forms promptly
upon the obsolescence or invalidity of any form previously delivered by such Lender (or Transferee)
or Agent. Each Lender (or Transferee) or Agent shall promptly notify the Borrower in writing at
any time it determines that it is no longer in a position to provide any previously delivered
certificate to the Borrower (or any other form of certification adopted by the U.S. taxing
authorities for such purpose). Notwithstanding any other provision of this paragraph, a Lender (or
Transferee) or Agent shall not be required to deliver any form pursuant to this paragraph that such
Lender (or Transferee) or Agent is not legally able to deliver. Each Lender or Agent that is not a
Non-U.S. Lender shall furnish an accurate and complete U.S. Internal Revenue Service Form W-9 (or
successor form) establishing that such Lender or Agent is not subject to U.S. backup withholding,
and to the extent it may lawfully do so at such times, provide a new Form W-9 (or successor form)
upon the expiration or obsolescence of any previously delivered form. If any Non-U.S. Lender
provides a Form W-8IMY, such Non-U.S. Lender shall also attach the additional documentation
required to be transmitted with Form W-8IMY, including the appropriate forms described in this
Section.

(e)    A Lender (or Transferee) or Agent that is entitled to an exemption from or reduction of
non-U.S. withholding Tax under the law of the jurisdiction in which the Borrower is located, or any
treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall
deliver to the Borrower (with a copy to the Administrative Agent or, in the case of a Participant,
to the Lender from which the related participation has been purchased), at the time or times
prescribed by applicable law and as reasonably requested in writing by the Borrower, such properly
completed and executed documentation prescribed by applicable law as will permit such payments to
be made without withholding or at a reduced rate, provided that such Lender (or Transferee)
or Agent is legally entitled to complete, execute and deliver such documentation and in such
Lender’s (or Transferee’) or Agent’s judgment such completion, execution or submission would not
materially prejudice the legal position of such Lender (or Transferee) or Agent, as applicable.

(f) If a payment made to a Lender (including any Transferee) or Participant under any Loan
Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Person were to
fail to comply with the applicable reporting requirements of FATCA (including those contained in
Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower
and Administrative Agent (or, in the case of a Participant, to the applicable Lender for
transmittal to the Administrative Agent), at the time or times prescribed by law and at such time
or times reasonably requested by the Borrower or Administrative Agent, such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and
such additional documentation reasonably requested by the Borrower or Administrative Agent as may
be necessary for the Borrower or Administrative Agent to comply with its obligations under FATCA,
to determine that such Lender or Participant has or has not complied with its obligations under
FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of
this Section 3.9(f), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement.

(g)    If any Agent, Lender or Participant determines, in its sole and reasonable discretion,
that it has received a refund of any Non-Excluded Taxes or Other Taxes as to which it has been
indemnified by the Borrower or with respect to which the Borrower has paid additional amounts
pursuant to this Section 3.9, it shall pay over such refund to the Borrower (but only to the extent
of indemnity payments made, or additional amounts paid, by the Borrower under this Section 3.9 with
respect to the Non-Excluded Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses of such Agent or such Lender and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund); provided that the
Borrower, upon the request of such Agent, such Lender or such Participant, agrees to repay the
amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) to such Agent or such Lender in the event such Agent or such
Lender is required to repay such refund to such Governmental Authority. This paragraph shall not
be construed to require any Agent or any Lender to make available its Tax returns (or any other
information relating to its Taxes which it deems confidential) to the Borrower or any other
Person. Each Lender, Agent or Participant, as applicable, shall indemnify the Borrower
for any losses resulting from any false, inaccurate or untrue statements provided pursuant to
paragraphs (d), (e) or (f) of this Section 3.9.

(h)    The agreements in this Section 3.9 shall survive the termination of this Agreement and
the payment of the Loans and all other amounts payable hereunder.

(i)    For purposes of this Section 3.9, in the case of any Lender that is a treated as a
partnership for U.S. federal income Tax purposes, any Non-Excluded Taxes or Other Taxes required to
be deducted and withheld by such Lender with respect to payments made by the Borrower under any
Loan Document shall be treated as Non-Excluded Taxes or Other Taxes required to be deducted by the
Borrower and each partner of such partnership shall be treated as a Lender and shall not be
entitled to any benefits under this Section 3.9 unless it complies with the requirements of this
Section, but only to the extent such Non-Excluded Taxes or Other Taxes would have been required to
be deducted and withheld by the Lender if the Lender were treated as a corporation for U.S. federal
income Tax purposes making such payments under the Loan Documents on behalf of the Borrower.

3.10. Indemnity. The Borrower agrees to indemnify each Lender and each Agent and to
hold each Lender and each Agent harmless from any loss or expense (but excluding any loss of
anticipated profits) that such Lender or such Agent may sustain or incur as a consequence of
(a) default by the Borrower in making a borrowing of, conversion into or continuation of Eurodollar
Loans after the Borrower has given a notice requesting the same in accordance with the provisions
of this Agreement, (b) default by the Borrower in making any prepayment of or conversion from
Eurodollar Loans after the Borrower has given a notice thereof in accordance with the provisions of
this Agreement or (c) the making of a prepayment of Eurodollar Loans on a day that is not the last
day of an Interest Period with respect thereto. Such indemnification may include an amount equal
to the excess, if any, of (i) the amount of interest that would have accrued on the amount so
prepaid, or not so borrowed, converted or continued, for the period from the date of such
prepayment or of such failure to borrow, convert or continue to the last day of such Interest
Period (or, in the case of a failure to borrow, convert or continue, the Interest Period that would
have commenced on the date of such failure) in each case at the applicable rate of interest for
such Loans provided for herein (excluding, however, the Applicable Margin included therein, if any)
over (ii) the amount of interest (as reasonably determined by such Lender) that would have accrued
to such Lender on such amount by placing such amount on deposit for a comparable period with
leading banks in the interbank eurodollar market. A certificate as to any amounts payable pursuant
to this Section submitted to the Borrower by any Lender shall be conclusive in the absence of
manifest error. This covenant shall survive the termination of this Agreement and the payment of
the Loans and all other amounts payable hereunder.

3.11. Change of Lending Office. Each Lender agrees that, upon the occurrence of any
event giving rise to the operation of Section 3.8, 3.9(a) or 3.14 with respect to such Lender, it
will, if requested by the Borrower, use reasonable efforts (subject to overall policy
considerations of such Lender) to designate another lending office for any Loans affected by such
event with the object of avoiding the consequences of such event; provided that such
designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its
lending office(s) to suffer no economic, legal or regulatory disadvantage; and provided,
further, that nothing in this Section shall affect or postpone any of the obligations of
the Borrower or the rights of any Lender pursuant to Section 3.8, 3.9(a) or 3.14.

3.12. Replacement of Lenders. The Borrower may replace, with a replacement financial
institution reasonably satisfactory to the Administrative Agent, any Lender that (a) requests
payment of any amounts payable under Section 3.8, 3.9(a) or 3.14, (b) defaults in its obligation to
make Loans hereunder or (c) declines to deliver any requested consent to any waiver, amendment or
other modification of any provision of any Loan Document that would require the consent of more
than the Required Lenders, in each case, only if (i) such replacement, waiver, amendment or
modification does not conflict with any Requirement of Law, (ii) no Event of Default shall have
occurred and be continuing at the time of such replacement, (iii) in case of clause (a) only, prior
to any such replacement, such Lender shall have taken no action under Section 3.11 so as to
eliminate the continued need for payment of amounts owing pursuant to Section 3.8 or 3.9(a),
(iv) the replacement financial institution shall purchase, at par, all Loans and other amounts
owing to such replaced Lender on or prior to the date of replacement, (v) the Borrower shall be
liable to such replaced Lender under Section 3.10 if any Eurodollar Loan owing to such replaced
Lender shall be purchased other than on the last day of the Interest Period relating thereto,
(vi) the replacement financial institution, if not already a Lender, shall be reasonably
satisfactory to the Administrative Agent, (vii) the replaced Lender shall be obligated to make such
replacement in accordance with the provisions of Section 10.6 (provided that the Borrower
shall be obligated to pay the registration and processing fee referred to therein), (viii) until
such time as such replacement shall be consummated, the Borrower shall pay all additional amounts
(if any) required pursuant to Section 3.8 or 3.9(a), as the case may be, (ix) any such replacement
shall not be deemed to be a waiver of any rights that the Borrower, the Administrative Agent or any
other Lender shall have against the replaced Lender, and (x) in the case of clause (c) only, the
requested waiver, amendment or other modification has been approved by the Borrower, the
Administrative Agent and the Required Lenders.

3.13. Evidence of Debt.

(a)    Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing Indebtedness of the Borrower to such Lender resulting from each Loan of such Lender from
time to time, including the amounts of principal and interest payable and paid to such Lender from
time to time under this Agreement.

(b) The Administrative Agent, on behalf of the Borrower, shall maintain the Register pursuant
to Section 10.6, and a subaccount therein for each Lender, in which shall be recorded (i) the
amount of each Loan made hereunder and any Note evidencing such Loan, the Type of such Loan and
each Interest Period applicable thereto, (ii) the amount of any principal or interest due and
payable or to become due and payable from the Borrower to each Lender hereunder and (iii) both the
amount of any sum received by the Administrative Agent hereunder from the Borrower and each
Lender’s share thereof.

(c)    The entries made in the Register and the accounts of each Lender maintained pursuant to
Section 3.13(a) shall, to the extent permitted by applicable law, be prima facie
evidence of the existence and amounts of the obligations of the Borrower therein recorded;
provided, however, that the failure of any Lender or the Administrative Agent to
maintain the Register or any such account, or any error therein, shall not in any manner affect the
obligation of the Borrower to repay (with applicable interest) the Loans made to the Borrower by
such Lender in accordance with the terms of this Agreement.

(d)    The Borrower agrees that, upon the request to the Administrative Agent by any Lender,
the Borrower will execute and deliver to such Lender a Note evidencing any Loans of such Lender,
appropriate insertions as to date and principal amount. Thereafter, the Loans evidenced by such
Note and interest thereon shall at all times (including after assignment pursuant to Section 10.6)
be represented by one or more Notes payable to the payee named therein (or its registered assigns).
Each Lender who has a note evidencing its Existing Loan shall promptly deliver to the Borrower
such note in exchange for a Note evidencing its Loan.

3.14. Illegality. Notwithstanding any other provision herein, if the adoption of or
any change in any Requirement of Law or in the interpretation or application thereof shall make it
unlawful for any Lender to make or maintain Eurodollar Loans as contemplated by this Agreement,
(a) the commitment of such Lender hereunder to make Eurodollar Loans, continue Eurodollar Loans as
such and convert Base Rate Loans to Eurodollar Loans shall forthwith be canceled and (b) such
Lender’s Loans then outstanding as Eurodollar Loans, if any, shall be converted automatically to
Base Rate Loans on the respective last days of the then current Interest Periods with respect to
such Loans or within such earlier period as required by law. If any such conversion of a
Eurodollar Loan occurs on a day which is not the last day of the then current Interest Period with
respect thereto, the Borrower shall pay to such Lender such amounts, if any, as may be required
pursuant to Section 3.10.

SECTION 4.   REPRESENTATIONS AND WARRANTIES

To induce the Agents and the Lenders to enter into this Agreement and to make the Loans, the
Borrower hereby represents and warrants to each Agent and each Lender that:

4.1. Financial Condition. (a) The audited consolidated balance sheets of each of (i)
the Borrower and its Subsidiaries as at December 31, 2008, December 31, 2009 and December 31, 2010,
and (ii) the Elvis Operating Companies as at December 31, 2009 and December 31, 2010, and (b) the
audited statutory accounts of 19E and its Subsidiaries as at December 31, 2009, and, in each case,
the related statements of income or changes in net assets (as applicable) and cash flows for such
period, in each case, reported on by and accompanied by an unqualified report from Deloitte &
Touche, present fairly the consolidated financial condition of the Borrower, the Elvis Operating
Companies and 19E and its Subsidiaries as at such dates, and the consolidated results of their
respective operations and their respective consolidated cash flows for the respective months and
years then ended. The unaudited consolidated balance sheet of the Borrower and its Subsidiaries as
at January 31, 2011 and February 28, 2011 and the related unaudited statements of income and cash
flows for the period then ended, present fairly the consolidated financial condition of the
Borrower and its Subsidiaries as at such date, and the consolidated results of their respective
operations and their respective cash flows for such period (subject to normal year-end audit
adjustments). All such financial statements, including the related schedules and notes thereto,
have been prepared on a consolidated basis in accordance with GAAP (or, in the case of 19E and its
Subsidiaries, in accordance with UK GAAP together with appropriate reconciliations) applied
consistently throughout the periods involved (except as approved by the aforementioned firm of
accountants and disclosed in their reports thereon). Except as set forth on Schedule 4.1, none of
the Borrower or its Subsidiaries has any material Guarantee Obligations, contingent liabilities and
liabilities for taxes, or any long-term leases or unusual forward or long-term commitments,
including any interest rate or foreign currency swap or exchange transaction or other obligation in
respect of derivatives, that are not reflected in the most recent financial statements referred to
in this paragraph. During the period from December 31, 2010 to and including the date hereof there
has been no Disposition by any Group Member of any material part of its business or property.

4.2. No Change. Since December 31, 2010, there has been no development or event that
has had or could reasonably be expected to have a Material Adverse Effect.

4.3. Corporate Existence; Compliance with Law. Each Group Member (a) is duly
incorporated, organized or formed, validly existing and (where applicable), except as set forth on
Schedule 4.3, in good standing under the laws of the jurisdiction of its incorporation or
organization, (b) has the power and authority, and the legal right, to own and operate its
property, to lease the property it operates as lessee, to license the property it exploits as
licensee or licensor, and to conduct the business in which it is currently engaged, (c) is duly
qualified as a foreign corporation or other organization and in good standing (where applicable)
under the laws of each jurisdiction where its ownership, lease, licensing or operation of property
or the conduct of its business requires such qualification, except where the failure to be so
qualified could not reasonably be expected to cause a Material Adverse Effect and (d) is in
compliance with all Requirements of Law except to the extent that the failure to comply therewith
could not, in the aggregate, reasonably be expected to cause a Material Adverse Effect.

4.4. Power; Authorization; Enforceable Obligations. Each Loan Party has the power and
authority, and the legal right, to make, deliver and perform each Loan Document to which it is a
party and grant the Liens to be granted under the Security Documents and, in the case of the
Borrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary
organizational, company or corporate action to authorize the execution, delivery and performance of
the Loan Documents to which it is a party and grant the Liens to be granted under the Security
Documents and, in the case of the Borrower, to authorize the extensions of credit on the terms and
conditions of this Agreement. No consent or authorization of, filing with, notice to or other act
by or in respect of, any Governmental Authority or any other Person is required in connection with
the extensions of credit hereunder or with the execution, delivery, performance, validity or
enforceability of this Agreement or any of the Loan Documents, except (i) consents, authorizations,
filings and notices described in Schedule 4.4, which consents, authorizations, filings and notices
have been obtained or made and are in full force and effect and (ii) the filings referred to in
Section 4.19. Each Loan Document has been duly executed and delivered on behalf of each Loan Party
party thereto. This Agreement constitutes, and each other Loan Document upon execution will
constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable
against each such Loan Party in accordance with its terms, except as enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law).

4.5. No Legal Bar. The execution, delivery and performance of this Agreement and the
other Loan Documents, the borrowings hereunder and the use of the proceeds thereof will not violate
any Requirement of Law or any Contractual Obligation of any Group Member and will not result in, or
require, the creation or imposition of any Lien on any of their respective properties or revenues
pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens created
by the Security Documents). No Requirement of Law or Contractual Obligation applicable to the
Borrower or any of its Subsidiaries could reasonably be expected to have a Material Adverse Effect.

4.6. Litigation. No litigation, investigation or proceeding of or before any
arbitrator or Governmental Authority, or audit of royalties, participations or residuals, is
pending or, to the knowledge of the Borrower, threatened by or against any Group Member or against
any of their respective properties or revenues (a) with respect to any of the Loan Documents or any
of the transactions contemplated hereby or thereby, or (b) that could reasonably be expected to
have a Material Adverse Effect.

4.7. No Default. None of the Group Members nor, to the Borrower’s knowledge, DCP or
Fremantle is in default under or with respect to any of its Contractual Obligations in any respect
that could reasonably be expected to have a Material Adverse Effect. No Default or Event of
Default has occurred and is continuing.

4.8. Ownership of Property; Liens. The Borrower and each Material Subsidiary has
title in fee simple or freehold to, or a valid leasehold interest in, all its real property, and
good title to, or a valid leasehold interest in, all its other property, and none of such property
is subject to any Lien except as permitted by Section 7.3. None of the Pledged Equity Interests is
subject to any Lien.

4.9. Intellectual Property.

(a)    Except to the extent certain Business Intellectual Property is co-owned by a Group
Member and Fremantle or DCP, each Group Member exclusively owns, or is exclusively licensed in
writing to reproduce, make derivative works of, distribute, publicly display, publicly perform,
make, sell, license and otherwise exploit and use (collectively, “Use”), all Business
Intellectual Property.

(b)    All registered and applied for Business Intellectual Property that is (i) owned or
co-owned by, or exclusively licensed to, a Group Member or (ii) registered in the name of Fremantle
or DCP (and relating to the business of any Group Member) is, in each case, valid, subsisting and
enforceable and has not been abandoned.

(c) All Business Intellectual Property is free from all Liens, except for Liens expressly
permitted under Section 7.3.

(d)  The Use by any Group Member or, to the Borrower’s knowledge, Fremantle, DCP or
Broadcaster (and relating to the business of any Group Member), of the Business Intellectual
Property does not infringe upon, misappropriate, or otherwise violate the rights of any Person, and
no claim has been asserted in writing that the use of such Intellectual Property does or may
infringe upon, misappropriate or otherwise violate the rights of any Person, which infringement,
misappropriation or violation could reasonably be expected to have a Material Adverse Effect. To
the knowledge of the Borrower, there is no infringement, misappropriation or unauthorized use of
any item of Business Intellectual Property owned by or licensed to any Group Member or, to the
Borrower’s knowledge, recorded or co-owned by Fremantle or DCP (and relating to the business of any
Group Member) that, either individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect.

(e) No action, hearing or proceeding is pending, or, to the knowledge of the Borrower,
threatened, nor has there been any holding, decision or judgment rendered by any Governmental
Authority in the last twenty-four months seeking to limit, cancel or invalidate any Business
Intellectual Property, which, in any such case, if adversely determined, would have a Material
Adverse Effect.

(f) To the knowledge of the Borrower, each Group Member, or where applicable, Fremantle and/or
DCP on behalf of a Group Member, has made all filings and recordations necessary to adequately
reflect and protect the Borrower’s ownership interest in or exclusive licenses to all Business
Intellectual Property, including, without limitation, recordation of “American Idol” and “So You
Think You Can Dance” trademarks and other Trademarks that constitute Business Intellectual Property
with the United States Patent and Trademark Office and in corresponding national and international
patent and/or trademark offices, and recordation of the Borrower’s interests in Copyrights owned by
or exclusively licensed to such Group Member that constitute Business Intellectual Property with
the United States Copyright Office and in international copyright offices.

(g) Each Group Member has performed all acts, including any transfers or assignments,
necessary to ensure that all rights of publicity to use the name and likeness of Elvis Presley and
Muhammad Ali are owned and controlled by Borrower.

(h) In the last 12 months, no Group Member has given or received written notice purporting to
avoid, repudiate, rescind or terminate any agreement that authorizes the use or allocates the
ownership of any Business Intellectual Property which, if avoided, repudiated, rescinded or
terminated would have a Material Adverse Effect, and to the knowledge of each Group Member the
terms of any agreement authorizing the use of any Business Intellectual Property (and relating to
the business of any Group Member) have been complied with by all parties in all material respects.

(i) To the knowledge of the Borrower, each Group Member is, and during the last two years has
been, in compliance with all data privacy laws, rules, policies and contractual commitments in all
material respects.

4.10. Taxes. Each Group Member has filed or caused to be filed all material United
States Federal, state, foreign and other material Tax returns that are required to be filed and has
paid all Taxes shown to be due and payable on said returns or on any assessments made against it or
any of its property and all other material Taxes, fees or other charges imposed on it or any of its
property by any Governmental Authority (other than any Taxes the amount or validity of which is
currently being contested in good faith by appropriate proceedings and with respect to which
reserves in conformity with GAAP have been provided on the books of the Borrower or its
Subsidiaries, as the case may be); no material Tax Lien has been filed, and, to the knowledge of
the Borrower, no material claim is being asserted, with respect to any such Tax, fee or other
charge other than those permitted by Section 7.3. No Loan Party and no Subsidiary thereof intends
to treat any Loan or any other transaction contemplated hereby as being a “reportable transaction”
(within the meaning of Treasury Regulation section 1.6011-4).

4.11. Federal Regulations. No part of the proceeds of any Loans, and no other
extensions of credit hereunder, will be used for “buying” or “carrying” any “margin stock” within
the respective meanings of each of the quoted terms under Regulation U as now and from time to time
hereafter in effect or for any purpose that violates the provisions of the Regulations of the
Board. If requested by any Lender or the Administrative Agent, the Borrower will furnish to the
Administrative Agent and each Lender a statement to the foregoing effect in conformity with the
requirements of FR Form G-3 or FR Form U-1, as applicable, referred to in Regulation U.

4.12. Labor Matters. Except as, in the aggregate, could not reasonably be expected to
have a Material Adverse Effect: (a) there are no strikes or other labor disputes against any Group
Member pending or, to the knowledge of the Borrower, threatened; (b) hours worked by and payment
made to employees of each Group Member have not been in violation of the Fair Labor Standards Act
in respect of any Group Member incorporated in the United States or any other applicable
Requirement of Law dealing with such matters in respect of any Group Member; and (c) all payments
due from any Group Member on account of employee health and welfare insurance have been paid or
accrued as a liability on the books of the relevant Group Member.

4.13. ERISA. During the six-year period prior to the date on which this
representation is made or deemed made (a) other than as set forth on Schedule 4.13, no termination
of a Single Employer Plan has occurred, and no Lien in favor of the PBGC or a Single Employer Plan
has arisen and (b) neither a Reportable Event nor a failure to satisfy the minimum funding standard
of Section 412 or 430 of the Code or Section 302 or 303 of ERISA, whether or not waived, has
occurred with respect to any Single Employer Plan. Each Plan intended to be qualified under
Section 401 of the Code has received a favorable opinion or determination letter from the Internal
Revenue Service regarding such qualified status or an application for such letter is currently
pending and to the knowledge of the Borrower or any Commonly Controlled Entity no such Plan has,
since receipt of the most recent favorable determination letter, been amended or operated in a way
which could reasonably be expected to adversely affect such qualified status.  Other
than as set forth on Schedule 4.13, the present value of all accrued benefits under each Single
Employer Plan (based on those assumptions used to fund such Plan and the assumptions used for
purposes of Statement No. 87 of the Financial Accounting Standards Board) for the applicable plan
year did not, as of the last annual valuation date prior to the date on which this representation
is made or deemed made, exceed the value of the assets of such Plan allocable to such accrued
benefits for such plan year by a material amount. Neither the Borrower nor any Commonly Controlled
Entity has had a “complete withdrawal” or “partial withdrawal” (as such terms are defined in Part 1
of Subtitle E of Title IV of ERISA) from any Multiemployer Plan that has resulted or could
reasonably be expected to result in a liability under ERISA that would reasonably be expected to
cause a Material Adverse Effect, and neither the Borrower nor any Commonly Controlled Entity would
become subject to any material liability under ERISA if the Borrower or any such Commonly
Controlled Entity were to withdraw completely from all Multiemployer Plans as of the valuation date
most closely preceding the date on which this representation is made or deemed made.  No
such Multiemployer Plan is, or is reasonably expected to be, in Reorganization or Insolvent.
Neither the Borrower nor any of its Subsidiaries has any liability (and by entering into this
Agreement will not trigger any liability) with respect to any employee benefit plan (including a
pension scheme) that is not subject to the laws of the United States or a political subdivision
thereof that could reasonably be expected to result in a Material Adverse Effect and all such
employee benefit plans (including any such pension schemes) are funded to the extent required by
applicable law based on reasonable actuarial assumptions applicable in the jurisdiction in which
the relevant pension scheme is maintained.

4.14. Investment Company Act; Other Regulations. No Loan Party is an “investment
company”, or a company “controlled” by an “investment company”, within the meaning of the
Investment Company Act of 1940, as amended. No Loan Party is subject to regulation under any
Requirement of Law (other than Regulation X of the Board) that limits its ability to enter into
this Agreement or the transactions contemplated hereby.

4.15. Subsidiaries. Except as disclosed to the Administrative Agent by the Borrower
in writing from time to time after the Restatement Date, (a) Schedule 4.15 sets forth the name and
jurisdiction of incorporation, organization or formation of each Subsidiary and, as to each such
Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party and (b) Schedule
4.15 sets forth all outstanding subscriptions, options, warrants, calls, rights or other agreements
or commitments (other than stock options granted to employees or directors and directors’
qualifying shares and other than as created by the Loan Documents) of any nature relating to any
Capital Stock of the Borrower or any Subsidiary.

4.16. Use of Proceeds. The proceeds of the Loans shall be used to repay a portion of
the Existing Loans that are not converted into Loans hereunder pursuant to Section 2.1(b), to pay
related costs and expenses and for general corporate purposes, including to finance Permitted
Acquisitions and Permitted Joint Ventures.

4.17. Environmental Matters. Except as, individually, could not reasonably be
expected to cause any Group Member to incur liability in excess of a Material Environmental Amount,
or, in the aggregate, could not reasonably be expected to have a Material Adverse Effect:

(a) the facilities and properties owned, leased or operated by any Group Member (the
“Properties”) do not contain, and to the knowledge of the Borrower, have not previously
contained, any Hazardous Substances in amounts, locations or concentrations or under circumstances
that constitute or constituted a violation of, or are reasonably likely to give rise to liability
under, any Environmental Law;

(b) no Group Member has received notice, and, to the knowledge of the Borrower, no such notice
is threatened, of any violation, alleged violation, non-compliance, liability or potential
liability with respect to Environmental Laws with regard to any of the Properties or the business
operated by any Group Member (the “Business”);

(c) no judicial proceeding or governmental or administrative action is pending or, to the
knowledge of the Borrower, threatened, under any Environmental Law to which any Group Member is or
will be named as a party with respect to the Properties or the Business, nor are there any consent
decrees or other decrees, consent orders, administrative orders or other orders, or other
administrative or judicial requirements outstanding under any Environmental Law with respect to the
Properties or the Business;

(d) there has been no release or threat of release of any Hazardous Substances at or from the
Properties or otherwise in connection with the Business, in violation of or in amounts, in a
location or in a manner that are reasonably likely to give rise to liability under Environmental
Laws;

(e) (i) there is not now, nor has there been previously, located on any of the Properties any:
(A) underground storage tanks, as defined under any Environmental Law, or (B) areas or vessels used
or intended for the treatment, storage or disposal of Hazardous Substances; and (ii) no Group
Member has transported, or arranged for the transport, storage, treatment or disposal, by contract,
agreement or otherwise, of any Hazardous Substances, including at, on, under or to any of the
Properties or any location including any location used for the treatment, storage or disposal of
Hazardous Substances, other than de minimis quantities used in connection with the Business in
accordance with all Environmental Laws; and

(f) each Group Member has obtained and is in compliance with all Environmental Permits
required pursuant to any applicable Environmental Law with respect to the Business and the
Properties and all operations at the Properties are in compliance with all applicable Environmental
Laws, and there is no contamination in violation of, or that is reasonably likely to give rise to
liability under, any Environmental Law at, under or about the Properties or violation of any
Environmental Law with respect to the Properties or the Business.

4.18. Accuracy of Information, Etc. No statement or information, other than the
projections described in Section 5.1(c) and pro forma financial information, contained in this
Agreement, any other Loan Document, or any other document, certificate or statement furnished by or
on behalf of any Loan Party for use in connection with the transactions contemplated by this
Agreement or the other Loan Documents, taken as a whole, contained as of the date such statement,
information, document or certificate was so furnished, any untrue statement of a material fact or
omitted to state a material fact necessary to make the statements contained herein or therein taken
as a whole not misleading. The projections and pro forma financial information contained in the
materials referenced above are based upon good faith estimates and assumptions believed by
management of the Borrower to be reasonable at the time made, it being recognized by the Lenders
that such financial information as it relates to future events is not to be viewed as fact and that
actual results during the period or periods covered by such financial information may differ from
the projected results set forth therein by a material amount. There is no fact known to any Loan
Party that could reasonably be expected to have a Material Adverse Effect that has not been
expressly disclosed herein, in the other Loan Documents or in any other documents, certificates and
statements furnished to the Administrative Agent and the Lenders for use in connection with the
transactions contemplated hereby and by the other Loan Documents.

4.19. Security Documents.   

(a)    The Guarantee and Collateral Agreement is effective to create in favor of the
Collateral Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security
interest in the Collateral described therein and proceeds and products thereof. In the case of the
Pledged Equity Interests described in the Guarantee and Collateral Agreement, when certificates
representing such Pledged Equity Interests and related transfer powers are delivered to the
Collateral Agent, and in the case of the other Collateral described in the Guarantee and Collateral
Agreement, when financing statements and other filings specified on Schedule 4.19 in appropriate
form are filed in the offices specified on Schedule 4.19, to the extent that a security interest
therein can be perfected by the filing of a financing statement in such offices, the Guarantee and
Collateral Agreement shall constitute a fully perfected Lien on, and security interest in, all
right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as
security for the Obligations, in each case prior and superior in right to any other Person (except,
in the case of Collateral other than Pledged Equity Interests, Liens permitted by Section 7.3).

(b) Subject to the Reservations, each of the UK Security Documents is effective to create in
favor of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid and
enforceable security interest in the Collateral described therein and proceeds and products
thereof. In the case of the Pledged Equity Interests described in each of the UK Security
Documents, when certificates representing such Pledged Equity Interests and related blank executed
stock transfer forms are delivered to the Collateral Agent, and in the case of the other Collateral
described in each of the UK Security Documents, when the filings specified on Schedule 4.19 in
appropriate form are filed in the offices or registers specified on Schedule 4.19 to the extent
that a security interests therein can be perfected by any such filing and all notices required to
be served under such UK Security Documents are duly served before any competing notice comes into
effect, each of the UK Security Documents shall (subject to the Reservations) constitute a fully
perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in
such Collateral and the proceeds thereof, as security for the Secured Obligations (as defined in
each of the UK Security Documents), in each case prior and superior in right to any other Person
(except, in the case of Collateral other than Pledged Equity Interests, Liens permitted under
Section 7.3 and except in relation to the shares of Capital Stock of any Subsidiary formed and
existing under laws of England and Wales if and to the extent that the pledge of such shares is
prohibited pursuant to the applicable governing or other joint venture documents as in effect as of
the Restatement Date).

4.20. Solvency. The Loan Parties (taken as a whole) are, and after giving effect to
the incurrence of all Indebtedness and obligations being incurred in connection herewith and
therewith will be and will continue to be, Solvent.

4.21. Senior Indebtedness. The Obligations constitute senior indebtedness of the
Borrower and each Subsidiary Guarantor.

4.22. Foreign Assets Control Regulations and Anti-Money Laundering.

(a)    Neither the making of Loans under this Agreement nor the use of the proceeds thereof
shall cause the Borrower or any of its Subsidiaries to violate any material provision of the U.S.
Bank Secrecy Act, as amended, and any applicable regulations thereunder or any of the sanctions
programs administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control
(“OFAC”) of the United States Department of Treasury, any regulations promulgated
thereunder by OFAC or under any affiliated or successor governmental or quasi-governmental office,
bureau or agency and any enabling legislation or executive order relating thereto. Without
limiting the foregoing, neither the Borrower nor any of its Subsidiaries (i) is a person whose
property or interests in property are blocked or subject to blocking pursuant to Section 1 of
Executive Order 13224 of September 23, 200l Blocking Property and Prohibiting Transactions With
Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)),
(ii) knowingly engages in any dealings or transactions prohibited by Section 2 of such executive
order, or is otherwise knowingly associated with any such person in any manner violative of such
Section 2, or (iii) is a person on the list of Specially Designated Nationals and Blocked Persons
or subject to the limitations or prohibitions under any other OFAC regulation or executive order.

(b) The Borrower and its Subsidiaries are in compliance, in all material respects, with the
Patriot Act. No part of the proceeds of the Loans hereunder will knowingly be used, directly or
indirectly, for any payments to any governmental official or employee, political party, official of
a political party, candidate for political office, or anyone else acting in an official capacity,
in order to obtain, retain or direct business or obtain any improper advantage, in violation of the
United States Foreign Corrupt Practices Act of 1977, as amended.

SECTION 5.   CONDITIONS PRECEDENT

5.1. Conditions to Restatement Date. The agreement of each Lender with a Rollover
Commitment to convert any Existing Loan (or portion thereof) into a Loan on the Restatement Date,
and the agreement of each Lender with a New Commitment to make any New Loan, are subject to the
satisfaction, prior to or concurrently with such conversion, of the following conditions precedent:

(a) Loan Documents. The Administrative Agent shall have received duly authorized and
executed counterparts (and, if requested, originals) of (i) this Agreement, executed and delivered
by each Agent, the Borrower and each Lender as of the Restatement Date, (ii) the Reaffirmation
Agreement, executed and delivered by the Borrower and each Subsidiary Guarantor, (iii) the UK
Supplemental Charge over Shares, executed and delivered by the Borrower and the Collateral Agent,
(iv) the UK Supplemental Debenture, executed and delivered by each of the UK Subsidiary Guarantors
and the Collateral Agent, (v) an assumption agreement substantially in the form attached as Annex I
to the Guarantee and Collateral Agreement, executed and delivered by each of the Persons listed in
clauses (q) through (x) of the definition of “US Subsidiary Guarantor” and each of the Persons
listed in clauses (l) through (p) of the definition of “UK Subsidiary Guarantor”, (vi) a supplement
to the Trademark Security Agreement, dated as of May 24, 2006, in form and substance reasonably
satisfactory to the Agents, executed and delivered by 19E, 19TV and The Comedy Hall of Fame, LLC,
(vii) a supplement to the Copyright Security Agreement, dated as of May 24, 2006, in form and
substance reasonably satisfactory to the Agents, executed and delivered by 19E, 19TV, All Girl
Productions, J2K Productions, Inc., 19 Management Limited, Focus Enterprises, Inc., 19 Recordings
Limited, Double Vision Film Limited, Native Songs Limited, Morra, Brezner & Steinberg
Entertainment, Inc., 19 Productions Limited, 19 Merchandising Limited, (viii) an acknowledgment and
consent substantially in the form attached as Annex II to the Guarantee and Collateral Agreement,
executed and delivered by each of the Elvis Operating Companies and the GOAT Operating Company,
(ix) the Resignation and Appointment Agreement, executed and delivered by the Borrower, each
Subsidiary Guarantor, Lenders comprising Required Lenders, the Existing Agent, the Administrative
Agent and the Collateral Agent, (x) the IP Assignment and Assumption Agreement, executed and
delivered by the Collateral Agent, the Existing Agent, 19E, 19TV, All Girl Productions, J2K
Productions, Inc., 19 Management Limited, Focus Enterprises, Inc., 19 Recordings Limited and each
other Subsidiary Guarantor party thereto, and (xi) each other Loan Document, executed and delivered
by each Person party thereto. If requested by any Lender pursuant to Section 3.13(d), each such
Lender shall have received a duly authorized and executed original of a Note or Notes conforming to
the requirements of such Section.

(b) Financial Statements. The Lenders shall have received the financial statements
described in Section 4.1.

(c) Business Plan and Projections. The Lenders shall have received and shall be
satisfied with a business plan and financial projections through 2012, prepared on a quarterly
basis.

(d) Indebtedness. The Administrative Agent shall have received evidence reasonably
satisfactory to it that on the Restatement Date, immediately after the conversion of Existing Loans
into Loans hereunder, the funding of New Loans and the application of proceeds of the foregoing, in
each case as provided herein, (i) the Borrower and its Subsidiaries have no outstanding
Indebtedness other than Indebtedness permitted under Sections 7.2(a), 7.2(c), 7.2(d) and 7.2(p),
and (ii) the Borrower and its Subsidiaries have no outstanding preferred stock other than the
Presley Preferred Equity, the Series C Preferred Stock of the Borrower and the Series A Preferred
Stock and Series B Preferred Stock of Elvis Presley Enterprises Inc. All “Revolving Loans” under
and as defined in the Original Credit Agreement, all accrued interest and fees and all other
amounts due or outstanding in respect of the Original Credit Agreement immediately prior to the
Restatement Date shall have been paid in full, all Existing Commitments shall have been terminated
and all “Letters of Credit” under and as defined in the Original Credit Agreement shall have
expired or shall have been terminated or cash collateralized pursuant to arrangements satisfactory
to the issuers thereof

(e) Approvals. All governmental and third party approvals necessary or, in the
reasonable discretion of the Administrative Agent, advisable in connection with the conversion of
Existing Loans into Loans hereunder, the funding of New Loans and the application of proceeds of
the foregoing, in each case as provided herein, and the granting or perfection of Liens
contemplated by the Loan Documents, the continuing operations of the Group Members and the other
transactions contemplated hereby (including shareholder approvals, if any) shall have been obtained
and be in full force and effect. There shall not exist any action, investigation, litigation,
action or proceeding pending or threatened in any court or before any arbitrator or Governmental
Authority that could reasonably be expected to have a Material Adverse Effect.

(f) Lien and Other Searches. The Administrative Agent shall have received the results
of (i) a recent lien search in each of the jurisdictions designated by the Administrative Agent,
and such search shall reveal no liens on any of the assets of the Loan Parties except for liens
permitted by Section 7.3 or discharged on or prior to the Restatement Date pursuant to
documentation satisfactory to the Administrative Agent, (ii) in respect of each Group Member
incorporated in England and Wales, recent searches of such Person’s companies file at the Companies
Registry of England and Wales showing, amongst other things, no appointment of (or the presentation
of any petition in relation to any appointment of) a receiver, liquidator or administrator and
(iii) in respect of any real property located in England and Wales, official priority searches in
favor of the Administrative Agent in relation to any registered titles giving a sufficient period
of priority (of at least 15 days following the Restatement Date).

(g) Fees and Expenses. The Lenders, the Joint Lead Arrangers and the Agents shall
have received all fees required to be paid, and all expenses for which invoices have been presented
(including the reasonable fees and expenses of legal counsel), on or before the Restatement Date.

(h) Restatement Date Certificate. The Administrative Agent shall have received a
certificate of each Loan Party, dated the Restatement Date, substantially in the form of Exhibit H,
with appropriate insertions and attachments including, without limitation, the formation documents
and a long form good standing certificate (where applicable) of each Group Member certified by the
relevant authority of the jurisdiction of organization of such Group Member.

(i) Legal Opinions. The Administrative Agent shall have received the following
executed legal opinions:

(i) the legal opinion of Paul, Hastings, Janofsky and Walker LLP, counsel in the United
States to the Borrower and its Subsidiaries, substantially in the form of Exhibit I-1; and

(ii) the legal opinion of Paul, Hastings, Janofsky and Walker LLP, counsel in England
and Wales to the Borrower and the UK Subsidiary Guarantors, substantially in the form of
Exhibit I-2.

Each such legal opinion shall cover such other matters incident to the transactions contemplated by
this Agreement, and otherwise be in such form and of such substance, as the Administrative Agent
may reasonably require.

(j) Pledged Equity Interests; Transfer Powers; Pledged Notes. The Collateral Agent
shall have received (i) the certificates representing the shares of Capital Stock pledged pursuant
to the Security Documents, together with an undated transfer power for each such certificate
executed in blank by a duly authorized officer of the pledgor thereof (or, in the case of the
Capital Stock pledged pursuant to the UK Security Documents, the equivalent thereof for each entity
incorporated in England and Wales), and (ii) each Pledged Note pledged to the Collateral Agent
pursuant to the Security Documents endorsed (without recourse) in blank (or accompanied by an
executed transfer form in blank) by the pledgor thereof.

(k) Filings, Registrations and Recordings; Control Agreements. Each document
(including any Uniform Commercial Code financing statement or account control agreement) required
by the Security Documents or under law or reasonably requested by the Collateral Agent to be
executed, delivered, filed, registered or recorded in order to create in favor of the Collateral
Agent, for the benefit of the Secured Parties, a perfected Lien on the Collateral described
therein, prior and superior in right to any other Person (other than with respect to Liens
expressly permitted by Section 7.3), shall (within the relevant time period for filing) be in
proper form for execution, delivery, filing, registration or recordation (or otherwise in form and
substance reasonably satisfactory to the Collateral Agent).

(l) Solvency Certificate. The Administrative Agent shall have received and shall be
reasonably satisfied with a solvency certificate of the chief financial officer of the Borrower
substantially in the form of Exhibit J, which shall document the solvency of the Borrower and its
Subsidiaries (on a consolidated basis), after giving effect to the conversion of Existing Loans
into Loans hereunder, the funding of New Loans and the application of proceeds of the foregoing, in
each case as provided herein.

(m) No Default; Representations and Warranties; Officer’s Certificate. No Default or
Event of Default shall have occurred and be continuing on the Restatement Date, after giving effect
to the conversion of Existing Loans into Loans hereunder, the funding of New Loans and the
application of proceeds of the foregoing, in each case as provided herein. Each of the
representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be
true and correct in all material respects (except to the extent any such representation and
warranty itself is qualified by “materiality”, “Material Adverse Effect” or similar qualifier, in
which case, it shall be true and correct in all respects) on and as of such date with the same
effect as though made on and as of such date, unless such representation or warranty expressly and
solely relates to an earlier date, in which case it shall have been true and correct in all
material respects (except to the extent any such representation and warranty itself is qualified by
“materiality”, “Material Adverse Effect” or similar qualifier, in which case, it shall have been
true and correct in all respects) on and as of such earlier date. The Administrative Agent shall
have received a certificate executed on behalf of the Borrower by a Responsible Officer of the
Borrower certifying (i) as to the accuracy of the representations and warranties of the Borrower
and the other Loan Parties in the Loan Documents, (ii) that since December 31, 2010, no event has
occurred, that alone or in connection with other events, could reasonably be expected to have a
Material Adverse Effect and (iii) as to the matters set forth in clauses (d), (e), (o), (p), (q)
and (s) of this Section 5.1.

(n) Insurance. The Administrative Agent shall be satisfied with the insurance program
to be maintained by the Borrower and its Subsidiaries and shall have received insurance
certificates reasonably satisfactory to the Administrative Agent and the Collateral Agent.

(o) Consolidated EBITDA. The Administrative Agent shall have received evidence
reasonably satisfactory to it that the Consolidated EBITDA of the Borrower and its Subsidiaries for
the four fiscal quarters ending December 31, 2010, on a pro forma basis, after giving effect to the
transactions contemplated hereby and continuing operations (as contemplated to be conducted as of
the Restatement Date), is greater than or equal to $70,525,000.

(p) Agent for Service of Process. The Administrative Agent shall have received
evidence that the Borrower has appointed CKX UK Holdings to be its agent for service of process in
connection with the UK Supplemental Charge Over Shares.

(q) Intellectual Property Deliverables.

(i) The Administrative Agent shall have receive an executed legal opinion of the
Borrower’s in-house counsel, addressing matters relating to “So You Think You Can Dance”
intellectual property rights, which opinion shall be (A) dated as of the Restatement Date,
(B) addressed to the Agents and the Lenders and (C) otherwise in such form and of such
substance as the Agents and the Lenders may reasonably require.

(ii) The Administrative Agent shall have received a duly executed copy of a
non-disturbance agreement from The Bank of New York Mellon, in its capacity as
administrative agent and/or collateral agent acting on behalf of DCP’s secured lenders,
substantially in the form of Exhibit M.

(r) Share Register Extracts; Shareholder Resolutions. The Administrative Agent shall
have received (i) a certified extract of members of each Group Member incorporated in England and
Wales whose shares are subject to a security interest granted or purported to be granted under the
Security Documents (except for Brilliant 19 Limited, Delirious Records Limited, Shy Records
Limited, Popworld Limited, 19 Fashionair Limited, Storm Model Management Ltd., Storm Model
Management (Pty) Limited, Ambush Management Limited, TLS Management Limited and Channelbee Ltd.)
and (ii) if required, shareholder resolutions to amend the articles of association of any Group
Member incorporated in England and Wales to remove any restrictions on the transferability of such
Group Member’s shares upon the enforcement of the security interests in respect thereof granted to
the Collateral Agent (for the benefit of the Secured Parties).

(s) Compliance with Financial Covenants. The Borrower shall be in compliance with the
financial covenants set forth in Section 7.1 on a pro forma basis after giving effect to the
conversion of the Existing Loans into Loans hereunder, the funding of New Loans and the application
of proceeds of the foregoing, in each case as provided for herein.

(t) Patriot Act Compliance. At least five Business Days prior to the Restatement
Date, the Administrative Agent shall have received all documentation and other information required
by bank regulatory authorities under the applicable “know your customer” and anti-money laundering
rules and regulations, including without limitation the Patriot Act and requested by any Agent or
any Lender.

(u) Miscellaneous. The Administrative Agent shall have received such other documents,
agreements, certificates and information as it shall reasonably request.

SECTION 6.   AFFIRMATIVE COVENANTS

The Borrower hereby agrees that, so long as any Loan or other amount is owing to any Lender or
Agent hereunder, the Borrower shall and shall cause each of its Subsidiaries to:

6.1. Financial Statements. Furnish to the Administrative Agent and each Lender:

(a) as soon as available, but in any event within 90 days after the end of each fiscal year of
the Borrower, a copy of the audited consolidated balance sheet of the Borrower and its consolidated
Subsidiaries as at the end of such year and the related audited consolidated statements of income
and of cash flows for such year, setting forth in each case in comparative form the figures for the
previous year, together with calculations demonstrating that the Borrower is in compliance with the
financial covenants set forth in Section 7.1, reported on without a “going concern” or like
qualification or exception, or qualification arising out of the scope of the audit, by Deloitte &
Touche or other independent certified public accountants of nationally recognized standing;

(b) as soon as available, but in any event not later than 45 days after the end of each of the
first three quarterly periods of each fiscal year of the Borrower, the unaudited consolidated
balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such quarter and
the related unaudited consolidated statements of income and of cash flows for such quarter and the
portion of the fiscal year through the end of such quarter, setting forth in each case in
comparative form the figures for the previous year, together with calculations demonstrating that
the Borrower is in compliance with the financial covenants set forth in Section 7.1, certified by a
Responsible Officer as being fairly stated in all material respects (subject to normal year-end
audit adjustments); and

(c) as soon as available, but in any event not later than 45 days after the end of each month
occurring during each fiscal year of the Borrower (other than the third, sixth, ninth and twelfth
such month), the unaudited consolidated balance sheets of the Borrower and its Subsidiaries as at
the end of such month and the related unaudited consolidated statements of income and of cash flows
for such month and the portion of the fiscal year through the end of such month, setting forth in
each case in comparative form the figures for the previous year, certified by a Responsible Officer
as being fairly stated in all material respects (subject to normal year-end audit adjustments).

All such financial statements shall be complete and correct in all material respects and shall be
prepared in reasonable detail and in accordance with GAAP applied consistently throughout the
periods reflected therein and with prior periods (except as approved by such accountants or
officer, as the case may be, and disclosed therein and except for regular year-end adjustments).

Notwithstanding the foregoing, the obligations in Sections 6.1(a) and (b) may be satisfied with
respect to financial information of the Borrower and its Subsidiaries by delivering copies of the
Borrower’s Form 10-K or 10-Q, as applicable, to the extent filed with the SEC. Documents required
to be delivered pursuant to Section 6.1(a), (b), (c) or 6.2(f) may be delivered electronically and,
if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts
such documents, or provides a link thereto, on the Borrower’s website on the Internet (www.CKX.com)
or (ii) on which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency,
SyndTrak or another similar website or other information platform to which each of the Agents and
the Lenders have access; provided, in each case, that the Borrower shall have notified the
Administrative Agent in writing (which may be by facsimile or electronic mail) of the posting of
any such documents prior to or concurrently with such posting.

6.2. Certificates; Other Information. Furnish to the Administrative Agent and each
Lender:

(a) concurrently with the delivery of the financial statements referred to in Section 6.1(a),
a certificate of the independent certified public accountants reporting on such financial
statements stating that in making the examination necessary therefor no knowledge was obtained of
any Default or Event of Default with respect to the financial covenants set forth in Section 7.1,
except as specified in such certificate;

(b) concurrently with the delivery of any financial statements pursuant to Section 6.1, (i) a
certificate of a Responsible Officer stating that, to the best of such Responsible Officer’s
knowledge, each Loan Party during such period has observed or performed all of its covenants and
other agreements, and satisfied every condition, contained in this Agreement and the other Loan
Documents to which it is a party to be observed, performed or satisfied by it, and that such
Responsible Officer has obtained no knowledge of any Default or Event of Default except as
specified in such certificate and (ii) in the case of quarterly or annual financial statements,
(x) a Compliance Certificate containing all information and calculations necessary for determining
compliance by each Loan Party with the provisions of this Agreement referred to therein as of the
last day of the fiscal quarter or fiscal year of the Borrower, as the case may be, and (y) to the
extent not previously disclosed to the Administrative Agent, a description of any change in the
jurisdiction of organization of any Loan Party and a listing of any Intellectual Property acquired
by any Loan Party since the date of the most recent list delivered pursuant to this clause (y) (or,
in the case of the first such list so delivered, since the Restatement Date);

(c) as soon as available, and in any event no later than 45 days after the end of each fiscal
year of the Borrower, a detailed consolidated budget for the fiscal year following such year then
ended (including a projected consolidated balance sheet of the Borrower and its Subsidiaries as of
the end of each fiscal quarter of such following fiscal year, the related consolidated statements
of projected cash flow, projected changes in financial position and projected income and a
description of the underlying assumptions applicable thereto), and, as soon as available,
significant revisions, if any, of such budget and projections with respect to such fiscal year,
prepared on a quarterly basis (collectively, the “Projections”), which Projections shall in
each case be accompanied by a certificate of a Responsible Officer stating that such Projections
are based on reasonable estimates, information and assumptions and that such Responsible Officer
has no reason to believe that such Projections are incorrect or misleading in any material respect;

(d) if the Borrower is not then a reporting company under the Exchange Act, within 45 days
after the end of each fiscal quarter of the Borrower (or 90 days, in the case of the last fiscal
quarter of any fiscal year), a narrative discussion and analysis of the financial condition and
results of operations of the Borrower and its Subsidiaries for such fiscal quarter and for the
period from the beginning of the then current fiscal year to the end of such fiscal quarter, as
compared to the portion of the Projections covering such periods and to the comparable periods of
the previous year;

(e) as soon as possible and in any event within five days of obtaining knowledge thereof,
notice of any development, event, or condition that, individually or in the aggregate with other
developments, events or conditions, could reasonably be expected to result in the payment by the
Borrower or any of its Subsidiaries of a Material Environmental Amount;

(f) within five days after the same are sent, copies of all financial statements and reports
that the Borrower sends to the holders of any class of its debt securities or public equity
securities and, within five days after the same are filed, copies of all financial statements and
reports that the Borrower may make to, or file with, the SEC; and

(g) promptly, such additional financial and other information as any Lender may from time to
time reasonably request.

6.3. Payment of Obligations. Pay, discharge or otherwise satisfy at or before
maturity or before they become delinquent, as the case may be, all its obligations of whatever
nature, except to the extent that (a) the amount or validity thereof is currently being contested
in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto
have been provided on the books of the relevant Group Member or (b) such obligation is not material
to the Group Members taken as a whole.

6.4. Maintenance of Existence; Compliance. (a)  (i)  Preserve, renew and keep in full
force and effect its organizational, company or corporate existence and (ii) take all reasonable
action to maintain all rights, privileges and franchises necessary or desirable in the normal
conduct of its business, except, in each case, as otherwise permitted by Section 7.4 and except, in
the case of clause (ii) above, to the extent that failure to do so could not reasonably be expected
to have a Material Adverse Effect; and (b) comply with all Contractual Obligations and Requirements
of Law except to the extent that failure to comply therewith could not, in the aggregate,
reasonably be expected to have a Material Adverse Effect.

6.5. Maintenance of Property; Insurance. (a)  Keep all property useful and used in
the ordinary course of its business in good working order and condition, ordinary wear and tear
excepted, or replace or substitute such property as necessary, except where failure to keep such
property in good working order or replace such property could not reasonably be expected to cause a
Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies
insurance on all tangible property useful and used in the ordinary course of its business in at
least such amounts and against at least such risks (but including in any event public liability and
business interruption) as are insured against as of the date hereof or as are otherwise required to
be maintained under any material contract or agreement or other requirement applicable to any Group
Member, in each case, except where the failure to maintain such insurance could not reasonably be
expected to cause a Material Adverse Effect.

6.6. Inspection of Property; Books and Records; Discussions. (a)  Keep proper books
of records and account in which full, true and correct entries in conformity with GAAP and all
Requirements of Law shall be made of all dealings and transactions in relation to its business and
activities and (b) permit representatives of any Lender, during normal business hours, from time to
time upon three Business Days’ prior notice (unless an Event of Default shall have occurred and be
continuing, in which case, no such notice shall be required), to visit and inspect any of its
properties and examine and make abstracts from any of its books and records at any reasonable time
and as often as may reasonably be desired and to discuss the business, operations, properties and
financial and other condition of the Group Members with officers and employees of the Group Members
and with their independent certified public accountants; provided that all such visits
shall be arranged through the Administrative Agent, which shall use reasonable efforts to
coordinate such visits so as to minimize the total number thereof, and any officer of any of the
Group Members, if it so chooses, may be present at such visit (except to the extent that such visit
involves discussions with such Group Member’s independent accountants or auditors and the
Administrative Agent has requested that such officer or officers not be present). Physical access
to any of the properties of any Group Member shall be governed by the rules, policies and
procedures of such property relating to visits thereto by the public.

6.7. Notices. Promptly give notice to the Administrative Agent and each Lender of:

(a) the occurrence of any Default or Event of Default;

(b) any (i) default or event of default under any Contractual Obligation of any Group Member
or, to the knowledge of the Borrower, Fremantle or (ii) litigation, investigation or proceeding
that may exist at any time between any Group Member or, to the knowledge of the Borrower, Fremantle
on the one hand, and any Governmental Authority on the other hand, that in either case, if not
cured or if adversely determined, as the case may be, could reasonably be expected to have a
Material Adverse Effect;

(c) any litigation or proceeding affecting any Group Member (i) in which the amount involved
is $1,000,000 or more and not covered by insurance, (ii) in which injunctive or similar relief is
sought, which, if granted, could reasonably be expected to result in a Material Adverse Effect or
(iii) which relates to any Loan Document;

(d) the following events, as soon as possible and in any event within 30 days after the
Borrower knows or has reason to know thereof: (i) the occurrence of any Reportable Event with
respect to any Single Employer Plan, a failure to make any required contribution to a Single
Employer Plan, the creation of any Lien in favor of the PBGC or a Single Employer Plan or any
partial withdrawal or complete withdrawal from, or the termination, Reorganization or Insolvency
of, any Multiemployer Plan or (ii) the institution of proceedings or the taking of any other action
by the PBGC or the Borrower or any Commonly Controlled Entity or any Multiemployer Plan with
respect to the partial withdrawal or complete withdrawal from, or the termination, Reorganization
or Insolvency of, any Multiemployer Plan, and, in each case in clauses (i) and (ii) of this clause
(d), such event or condition, together with all other events or conditions, if any, resulted or
could reasonably be expected to result in a failure to satisfy the minimum funding standard of
Section 302 or 303 of ERISA or Section 412 or 430 of the Code, whether or not waived, a Lien in
favor of the PBGC or a Material Adverse Effect; and

(e) any development or event that has had or could reasonably be expected to have a Material
Adverse Effect.

Each notice pursuant to this Section 6.7 shall be accompanied by a statement of a Responsible
Officer setting forth details of the occurrence referred to therein and stating what action the
Borrower or the relevant Subsidiary proposes to take with respect thereto.

6.8. Intellectual Property.

(a)    Consistent with past practices (i) continue to use each Trademark that constitutes
Business Intellectual Property in a manner that maintains such Trademark in full force free from
any claim of abandonment for non-use, and (ii) use such Trademark that constitutes Business
Intellectual Property with the appropriate notice of registration and all other notices and legends
required or recommended under applicable Requirements of Law.

(b)    Notify the Agents and the Lenders immediately if it knows that any application or
registration relating to any Business Intellectual Property may become forfeited, abandoned or
dedicated to the public, or of any adverse determination or development (including, without
limitation, the institution of, or any such determination or development in, any proceeding in the
United States Patent and Trademark Office, the United States Copyright Office or any court or
tribunal in any country) regarding such Group Member’s or, to the Borrower’s knowledge, Fremantle’s
or DCP’s recorded interest or co-ownership of, or the validity of, any Business Intellectual
Property or such Group Member’s or, to the Borrower’s knowledge, Fremantle’s or DCP’s right to
register the same or to own and maintain the same, unless such forfeiture, abandonment or
dedication or such adverse determination or development could not reasonably be expected to cause a
Material Adverse Effect or constitute an Event of Default.

(c)    Promptly upon a Group Member’s acquisition, exclusive license of, or creation of any
invention, Trademark, Copyright or other Intellectual Property (or rights in any of the foregoing)
that can be registered, the value of which is material in the context of the Group Members as a
whole or would otherwise constitute Business Intellectual Property, apply for registration thereof
or require an agent to so apply with the United States Patent and Trademark Office, the United
States Copyright Office and the appropriate international office to register such invention,
trademark, copyrightable work or other Intellectual Property or exclusive license thereof, as
applicable, if in such Group Member’s reasonable business judgment it is appropriate under the
circumstances to effect, reflect or protect such Intellectual Property, or if requested by the
Administrative Agent or the Collateral Agent. Whenever a Group Member, either by itself or through
any agent, employee, licensee or designee, or, to any Group Member’s knowledge, if Fremantle or
DCP, shall file an application for the registration of any Business Intellectual Property or the
recordation of any exclusive license with the United States Patent and Trademark Office, the United
States Copyright Office, the appropriate international Intellectual Property office or any similar
office or agency in any other country or any political subdivision thereof, such Group Member shall
report such filing to the Administrative Agent and the Collateral Agent within 30 days (or, in the
case of any such filing in respect of any Copyright, within 15 days) after the making thereof. If
any portion of such Intellectual Property is included or purported to be included in the
Collateral, subject always to the ability to comply with local laws, upon request of the
Administrative Agent or the Collateral Agent, each applicable Loan Party (if any) shall execute and
deliver, and have recorded, any and all agreements, instruments, documents, and papers as the
Administrative Agent or the Collateral Agent, as applicable, may reasonably request to evidence the
security interest of the Collateral Agent, for the benefit of the Secured Parties, in any such
Patent, Trademark or Copyright and (in the case of Trademarks) the goodwill and general intangibles
of such Loan Party relating thereto or represented thereby; provided that the security
interest granted in respect thereof shall not attach to any applications for trademarks and service
marks filed in the United States Patent and Trademark Office on the basis of a Group Member’s
intent to use any such mark pursuant to 15 U.S.C. § 1051 Section 1(b) unless and until evidence of
use of the mark in interstate commerce is submitted to the United States Patent and Trademark
Office pursuant to 15 U.S.C. § 1060(a), at which point the security interest granted under the
Guarantee and Collateral Agreement shall attach to each such application.

(d)    Take all reasonable and necessary steps, including, without limitation, in any
proceeding before the United States Patent and Trademark Office, the United States Copyright Office
or any similar office or agency in any other country or group of countries or any political
subdivision of any of the foregoing, to maintain and pursue each application (and to obtain the
relevant registration) and to maintain each registration of Business Intellectual Property,
including, without limitation, filing of applications for renewal, affidavits of use and affidavits
of incontestability, unless the failure to secure such applications or registrations could not
reasonably be expected to cause a Material Adverse Effect.

(e)    In the event that any Business Intellectual Property of a Group Member is infringed,
misappropriated or diluted by another Person, such Group Member shall take such actions as such
Group Member shall reasonably deem appropriate under the circumstances, including, without
limitation, initiating a suit seeking injunctive relief and any and all damages for infringement,
misappropriation or dilution, to protect such Intellectual Property and will promptly notify the
Administrative Agent and the Collateral Agent of such actions.

(f) Ensure that all registrations of Business Intellectual Property with respect to which any
Group Member is a co-owner are in such Group Member’s name, unless and to the extent that such
registrations to evidence co-ownership in such Business Intellectual Property could reasonably be
expected to subject such Business Intellectual Property to invalidity claims in the United States
Patent and Trademark Office, the United States Copyright Office or the appropriate international
Intellectual Property office or any similar office or agency in any other country or any political
subdivision thereof.

6.9. Environmental Laws.

(a)    Comply in all material respects with, and use commercially reasonable efforts to cause
all tenants and subtenants on any Property, if any, to comply in all material respects with, all
applicable Environmental Laws and Environmental Permits, and obtain and comply in all material
respects with and maintain, and ensure that all such tenants and subtenants obtain and comply in
all material respects with and maintain, any and all material Environmental Permits.

(b) Conduct and complete all material investigations, studies, sampling and testing, and all
material remedial, removal and other actions required under Environmental Laws and promptly comply
in all material respects with all lawful orders and directives of all Governmental Authorities
regarding compliance with Environmental Laws or otherwise with respect to any Hazardous Materials.

6.10. Additional Collateral, Etc.

(a)    With respect to any property acquired after the Restatement Date by any Loan Party
(other than (x) any property described in paragraph (b), (c) or (d) below and (y) any property
subject to a Lien expressly permitted by Section 7.3(g)) as to which the Collateral Agent, for the
benefit of the Secured Parties, does not have a perfected Lien, and subject always to the ability
to comply with local laws, promptly upon such acquisition (i) execute and deliver to the
Administrative Agent and the Collateral Agent such amendments to the Security Documents or such
other documents as the Administrative Agent or the Collateral Agent deems necessary or advisable to
grant to the Collateral Agent, for the benefit of the Secured Parties, a security interest in such
property and (ii) take all actions necessary or advisable to grant to the Collateral Agent, for the
benefit of the Secured Parties, a perfected first priority security interest in such property
(subject to Liens on assets other than Capital Stock permitted under Section 7.3 and as otherwise
permitted to not be so granted according to the terms of the Collateral Documents), including the
filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by
the Security Documents or by law or as may be requested by the Administrative Agent or the
Collateral Agent and the delivery of certificates and transfer powers in respect of any newly
formed or acquired Subsidiary (or, in any such case, the equivalent thereof required in any other
jurisdiction).

(b) With respect to any fee interest in any real property having a value (together with
improvements thereof) of at least $1,000,000 acquired after the Restatement Date by any Loan Party
(other than any property subject to a Lien expressly permitted by Section 7.3(g)) as to which the
Collateral Agent, for the benefit of the Secured Parties, does not have a perfected Lien, and
subject always to the ability to comply with local laws, promptly upon such acquisition (i) execute
and deliver a first priority Mortgage, in favor of the Collateral Agent, for the benefit of the
Secured Parties, covering such real property, (ii) if requested by the Administrative Agent or the
Collateral Agent, provide the Secured Parties with (x) title and extended coverage insurance
covering such real property in an amount at least equal to the purchase price of such real property
(or such other amount as shall be reasonably specified by the Administrative Agent or the
Collateral Agent, as applicable) as well as a current ALTA survey thereof in relation to United
States real property, together with a surveyor’s certificate and (y) any consents or estoppels
reasonably deemed necessary or advisable by the Administrative Agent or the Collateral Agent in
connection with such Mortgage, each of the foregoing in form and substance reasonably satisfactory
to the Administrative Agent and the Collateral Agent and (iii) if requested by the Administrative
Agent or the Collateral Agent, deliver to the Administrative Agent and the Collateral Agent legal
opinions relating to the matters described above, which opinions shall be in form and substance,
and from counsel, reasonably satisfactory to the Administrative Agent and the Collateral Agent.

(c)    With respect to any new Subsidiary (other than an Excluded Foreign Subsidiary) created
or acquired after the Restatement Date by any Group Member (which, for the purposes of this
paragraph (c), shall include any existing Subsidiary that ceases to be an Excluded Foreign
Subsidiary), and subject always to the ability to comply with local laws (including as to financial
assistance), promptly upon such creation or acquisition (or upon such Subsidiary ceasing to be an
Excluded Subsidiary) (i) execute and deliver to the Administrative Agent and the Collateral Agent
such amendments to the Security Documents as the Administrative Agent or the Collateral Agent
reasonably deems necessary or advisable to grant to the Collateral Agent, for the benefit of the
Secured Parties, a perfected first priority security interest in the Capital Stock of such new
Subsidiary that is owned by any Loan Party, (ii) deliver to the Collateral Agent the certificates
representing such Capital Stock, together with undated stock powers, in blank, executed and
delivered by a duly authorized officer of the relevant Loan Party, (iii) cause such new Subsidiary,
if it satisfies the requirements set forth in the definition of “Subsidiary Guarantor”, (A) to
become a party to (i) the Guarantee and Collateral Agreement (as a Guarantor and as a Grantor
thereunder) or such further Security Documents, and (ii) if such entity is incorporated under the
laws of England and Wales, the UK Supplemental Debenture, (B) to take such actions necessary or
advisable to grant to the Collateral Agent for the benefit of the Secured Parties a perfected first
priority security interest in the Collateral described in the relevant Security Documents of such
new Subsidiary, including the filing of Uniform Commercial Code financing statements (or the
equivalent thereof in any other applicable jurisdiction) in such jurisdictions as may be required
by the Security Documents or by law or as may be reasonably requested by the Administrative Agent
or the Collateral Agent and (C) to deliver to the Administrative Agent and the Collateral Agent a
certificate of such Subsidiary, substantially in the form of Exhibit H, with appropriate insertions
and attachments, (iv) if requested by the Administrative Agent or the Collateral Agent, deliver to
the Administrative Agent and the Collateral Agent legal opinions relating to the matters described
above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to
the Administrative Agent and the Collateral Agent and (v) (if applicable) delivery to the
Administrative Agent and the Collateral Agent of any such documents as may be required in
compliance with relevant financial assistance laws (each satisfactory to the Administrative Agent
and the Collateral Agent).

(d) With respect to any new Excluded Foreign Subsidiary created or acquired after the
Restatement Date by any Loan Party, promptly upon such creation or acquisition (i) execute and
deliver to the Administrative Agent and the Collateral Agent such amendments to the Guarantee and
Collateral Agreement (or such other Security Documents) as the Administrative Agent or the
Collateral Agent deems necessary or advisable to grant to the Collateral Agent, for the benefit of
the Secured Parties, a perfected first priority security interest in the Capital Stock of such new
Subsidiary that is owned by any such Loan Party (provided that in no event shall more than
65% of the total outstanding voting Capital Stock of any such new Excluded Foreign Subsidiary be
required to be so pledged), (ii) deliver to the Collateral Agent the certificates representing such
Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly
authorized officer of the relevant Loan Party, as the case may be, and take such other action as
may be necessary or, in the opinion of the Administrative Agent or the Collateral Agent, desirable
to perfect the Collateral Agent’s security interest therein, and (iii) if requested by the
Administrative Agent or the Collateral Agent, deliver to the Administrative Agent and the
Collateral Agent legal opinions relating to the matters described above, which opinions shall be in
form and substance, and from counsel, reasonably satisfactory to the Administrative Agent and the
Collateral Agent.

(e) In the event that any Group Member is prevented from complying with its obligations under
this Section 6.10 or elsewhere in this Article 6 as a result of any local laws (including as to
financial assistance), then each Loan Party will use all reasonable efforts to overcome the
relevant legal prohibition (and, in the case of a financial assistance or similar prohibition, will
procure that the relevant Group Member will undertake all whitewash or similar procedures which are
possible, whether under the Companies Act 1985 of England and Wales or otherwise) to enable the
relevant obligation to be complied with as soon as is reasonably practicable.

6.11. Further Assurances. Subject always to the ability to comply with local laws
(including as to financial assistance), from time to time execute and deliver, or cause to be
executed and delivered, such additional instruments, certificates or documents, and take all such
actions, as the Administrative Agent or the Collateral Agent may reasonably request for the
purposes of implementing or effectuating the provisions of this Agreement and the other Loan
Documents, or of more fully perfecting or renewing the rights or priority of the Collateral Agent
and the other Secured Parties with respect to the Collateral (or with respect to any additions
thereto or replacements or proceeds thereof or with respect to any other property or assets
hereafter acquired by the Borrower or any Subsidiary which may be deemed to be part of the
Collateral) pursuant hereto or thereto (provided that, in relation to the shares of Capital
Stock of any Subsidiary formed and existing under laws of England and Wales, the UK Subsidiary
Guarantors shall not be required to perfect the security interest in such shares of Capital Stock
if and to the extent that such action is prohibited pursuant to the applicable governing or other
joint venture documents as in effect as of the Restatement Date). Upon the exercise by any Agent
or any other Secured Party of any power, right, privilege or remedy pursuant to this Agreement or
the other Loan Documents which requires any consent, approval, recording qualification or
authorization of any Governmental Authority, the Borrower will execute and deliver, or will cause
the execution and delivery of, all applications, certifications, instruments and other documents
and papers that the Administrative Agent, the Collateral Agent or such Lenders may be required to
obtain from the Borrower or any of its Subsidiaries for such governmental consent, approval,
recording, qualification or authorization.

6.12. Use of Proceeds. Use the proceeds of the Loans only for the purposes described
in Section 4.16.

6.13. Post-Closing Obligations.

(a) As soon as practicable and in any event not later than 90 days after the Restatement Date,
deliver to the Administrative Agent a long form good standing certificate for each of All Girl
Productions, Craft Manor Apartments, Inc., Elvis Anthology, LLC and StepTeco, Inc.

(b) As soon as practicable and in any event not later than 30 days after the Restatement Date,
(i) make, or cause DCP, Fremantle and each other applicable Person to make, all necessary filings,
registrations or recordations with the United States Copyright Office to reflect the Borrower’s or
a Subsidiary Guarantor’s, as applicable, co-ownership of all Copyrights set forth in Part I of
Schedule 6.13(b), and (ii) deliver to the Administrative Agent evidence reasonably satisfactory to
the Administrative Agent of each such filing, registration or recordation.

(c) As soon as practicable and in any event not later than 30 days after the Restatement Date,
(i) make, or cause each applicable Person to make, all necessary filings, registrations or
recordations with the United States Copyright Office to correct the erroneous registration of 19
Television Ltd. as owner of all Copyrights set forth in Part II of Schedule 6.13(b), thereby
correctly reflecting 19TV’s ownership of all such Copyrights, and (ii) deliver to the
Administrative Agent evidence reasonably satisfactory to the Administrative Agent of each such
filing, registration or recordation.

(d) As soon as practicable and in any event not later than 30 days after the Restatement Date,
deliver to the Collateral Agent the original share certificates described in Schedule 6.13(d),
together with related transfer powers.

SECTION 7.   NEGATIVE COVENANTS

The Borrower hereby agrees that, so long as any Loan or other amount is owing to any Lender or
Agent hereunder, the Borrower shall not, and shall not permit any of its Subsidiaries to, directly
or indirectly:

7.1. Financial Condition Covenants.

(a)    Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio for any
period of four consecutive fiscal quarters of the Borrower to exceed the ratio of 2.0:1.0.

(b) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage
Ratio for any period of four consecutive fiscal quarters of the Borrower to be less than the ratio
of 3.0:1.0.

7.2. Indebtedness. Create, issue, incur, assume, become liable in respect of or
suffer to exist any Indebtedness, except:

(a) Indebtedness of any Loan Party pursuant to any Loan Document;

(b) unsecured Indebtedness (i) of the Borrower to any Subsidiary Guarantor (provided
that such Indebtedness is subordinated to the payment of the Obligations in accordance with the
Subordination Provisions and the notes issued in respect thereof have been pledged to the
Collateral Agent, for the benefit of the Secured Parties), (ii) of any Subsidiary Guarantor to the
Borrower (provided that such Indebtedness is subordinated to the payment of the Obligations
in accordance with the Subordination Provisions and the notes issued in respect thereof have been
pledged to the Collateral Agent, for the benefit of the Secured Parties), (iii) of any Subsidiary
to the Borrower or any Subsidiary Guarantor (provided that such Indebtedness is
subordinated to the payment of the Obligations in accordance with the Subordination Provisions and
the notes issued in respect thereof have been pledged to the Collateral Agent, for the benefit of
the Secured Parties), and (iv) of any Subsidiary that is not a Subsidiary Guarantor to any other
Subsidiary (provided that such Indebtedness is subordinated to the payment of the
Obligations in accordance with the Subordination Provisions);

(c) Indebtedness in respect of bankers’ acceptances and bid, performance and surety or appeal
bonds, workers’ compensation claims and payment obligations in connection with self-insurance or
similar obligations, in each case in the ordinary course of business, including guarantees or
obligations of the Borrower with respect to letters of credit, issued in the ordinary course of
business, supporting such obligations;

(d) Indebtedness outstanding on the date hereof and listed on Schedule 7.2(d) and any
refinancings, refundings, renewals or extensions thereof (without (i) shortening the maturity or
weighted average life thereof or (ii) increasing the principal amount thereof, other than to pay
any customary fees and premiums required to be paid under the terms of the instrument governing
such Indebtedness and to pay reasonable expenses incurred in connection with such refinancing,
refunding, renewal or extension);

(e) Indebtedness arising from the honoring by a bank or other financial institution of a
check, draft or similar instrument inadvertently drawn against insufficient funds, so long as such
Indebtedness is extinguished within five Business Days of incurrence;

(f) Indebtedness (including, without limitation, Capital Lease Obligations) to finance the
acquisition of fixed or capital assets in an aggregate principal amount not to exceed $1,000,000 at
any one time outstanding;

(g) Hedge Agreements permitted under Section 7.12;

(h) Indebtedness represented by guarantees by the Borrower or any Subsidiary Guarantor of
Indebtedness of the Borrower or any Subsidiary otherwise permitted to be incurred under this
Agreement, provided that such guarantees are subordinated to the Obligations (and any
guarantee thereof) on the same terms as the underlying Indebtedness in respect thereof;

(i) Indebtedness consisting of guarantees, indemnities or obligations in respect of purchase
price adjustments in connection with the acquisition or disposition of assets or the Capital Stock
of Subsidiaries permitted by this Agreement;

(j) Indebtedness incurred under commercial letters of credit issued for the account of a Group
Member in the ordinary course of business (and not for the purpose of, directly or indirectly,
incurring Indebtedness or providing credit support or a similar arrangement in respect of
Indebtedness), provided that any drawing under any such letter of credit is reimbursed in
full within seven days;

(k) Indebtedness of the Borrower or any Subsidiary Guarantor comprising “earn-out” obligations
payable in connection with any Permitted Acquisition or Permitted Joint Venture made by the
Borrower or such Subsidiary Guarantor in an aggregate amount not to exceed 5.0% of the aggregate
consideration paid by the Borrower or such Subsidiary Guarantor in connection with such Permitted
Acquisition or Permitted Joint Venture (and any renewals or extensions thereof);

(l) Acquired Indebtedness in an aggregate amount not to exceed $5,000,000;

(m) Indebtedness of the Borrower or any Subsidiary Guarantor, secured on a second priority
basis by the Collateral, in an aggregate amount not to exceed $50,000,000 at any one time
outstanding; provided that (i) any entity providing any guarantee or other credit support
in respect of any obligations incurred under this clause (m) shall also be a Subsidiary Guarantor
hereunder and (ii) the lenders in respect of such Indebtedness shall have entered into an
intercreditor agreement on terms and conditions reasonably satisfactory to the Collateral Agent and
the Required Lenders;

(n) Subordinated Debt of the Borrower (and not of any of its Subsidiaries) in an aggregate
amount not to exceed $125,000,000 at any one time outstanding and Guarantee Obligations of any
Subsidiary Guarantor in respect of such Subordinated Debt; provided that such Guarantee
Obligations are subordinated to the Obligations (and any guarantee thereof) on the same terms as
such Subordinated Debt; and

(o) Non-Recourse Indebtedness in an amount for any Permitted Joint Venture not to exceed 65%
of the fair market value of the assets owned by such Permitted Joint Venture.

7.3. Liens. Create, incur, assume or suffer to exist any Lien upon any of its
property, whether now owned or hereafter acquired, except for:

(a) Liens for taxes, assessments or governmental charges or claims either (i) not delinquent
or (ii) that are being contested in good faith by appropriate proceedings, provided that
adequate reserves with respect thereto are maintained on the books of the Borrower or the other
applicable Group Members, as the case may be, in conformity with GAAP;

(b) common law or statutory Liens of landlords and Liens of carriers, warehousemen, mechanics,
materialmen, repairmen, maritime and other Liens imposed by law incurred in the ordinary course of
business that are not overdue for a period of more than 30 days or that are being contested in good
faith by appropriate proceedings;

(c) pledges or deposits in connection with workers’ compensation, unemployment insurance and
other social security legislation;

(d) deposits to secure the performance of bids, trade contracts (other than for borrowed
money), leases, statutory obligations, surety and appeal bonds, performance bonds and other
obligations of a like nature incurred in the ordinary course of business;

(e) easements, rights-of-way, restrictions and other similar encumbrances incurred in the
ordinary course of business that, in the aggregate, are not substantial in amount and that do not
in any case materially detract from the value of the property subject thereto or materially
interfere with the ordinary conduct of the business of the Borrower or any of its Subsidiaries;

(f) Liens in existence on the date hereof listed on Schedule 7.3(f), securing Indebtedness
permitted by Section 7.2(d), provided that no such Lien is spread to cover any additional
property after the Restatement Date and that the amount of Indebtedness secured thereby is not
increased except as permitted by Section 7.2(d);

(g) Liens securing Indebtedness of the Borrower or any Subsidiary incurred pursuant to
Section 7.2(f), provided that (i) such Liens shall be created within 120 days of the date
on which such property or equipment is acquired, (ii) such Liens do not at any time encumber any
property other than the property financed by such Indebtedness and (iii) the amount of Indebtedness
secured thereby is not increased;

(h) Liens created pursuant to the Security Documents;

(i) any interest or title of a lessor under any lease entered into by the Borrower or any
other Subsidiary in the ordinary course of its business and covering only the assets so leased;

(j) judgment Liens (other than with respect to judgments of a size sufficient to cause an
Event of Default under this Agreement) so long as such Lien is adequately bonded and any
appropriate legal proceedings which may have been duly initiated for the review of such judgment
shall not have been finally terminated or the period within which such proceedings may be initiated
shall not have expired;

(k) Liens securing reimbursement obligations with respect to commercial letters of credit
which encumber documents and other property relating to such letters of credit and products and
proceeds thereof;

(l) leases, subleases, non-exclusive licenses and non-exclusive sublicenses granted by the
Borrower and its Subsidiaries to others on arm’s-length terms that do not materially interfere with
the ordinary course of business of the Borrower or any of its Subsidiaries;

(m) bankers’ Liens, rights of setoff and similar Liens with respect to cash and Cash
Equivalents on deposit in one or more bank accounts in the ordinary course of business;

(n) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payments of custom duties in connection with the importation of goods;

(o) Liens by way of rent deposit created in favor of commercial landlords, provided that the
amount of Indebtedness secured thereby does not in the aggregate exceed $1,000,000 or its
equivalent in other currencies;

(p) Liens securing Indebtedness of (i) the Borrower or any Subsidiary pursuant to Section
7.2(l) or (ii) the Borrower or any Subsidiary Guarantor incurred pursuant to Section 7.2(m);

(q) Liens not otherwise permitted by this Section on assets of the Borrower and its
Subsidiaries so long as neither (i) the aggregate outstanding principal amount of the obligations
secured thereby nor (ii) the aggregate fair market value (determined as of the date such Lien is
incurred) of the assets subject thereto exceeds (as to the Borrower and all Subsidiaries)
$5,000,000 at any one time; and

(r) Liens securing Non-Recourse Indebtedness permitted under Section 7.2(o), provided
that such Liens shall extend only to the assets of (and Capital Stock or other ownership interests
in) the applicable Permitted Joint Venture that is the borrower of such Non-Recourse Indebtedness.

7.4. Fundamental Changes. Enter into any merger, consolidation or amalgamation, or
liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or Dispose of,
all or substantially all of its property or business, except that:

(a) (i) any Subsidiary Guarantor may be merged or consolidated with or into the Borrower or
any other Subsidiary Guarantor (provided that if such merger or consolidation involves the
Borrower, the Borrower shall be the continuing or surviving entity), (ii) any Subsidiary of the
Borrower that is not a Subsidiary Guarantor may be merged with or consolidated into the Borrower or
any Subsidiary Guarantor (provided that the Borrower or the applicable Subsidiary Guarantor
shall be the continuing or surviving corporation) and (iii) any Subsidiary of the Borrower that is
not a Subsidiary Guarantor may be merged with or consolidated into any other Subsidiary of the
Borrower that is not a Subsidiary Guarantor; and

(b) any Subsidiary of the Borrower may Dispose of any or all of its assets (upon voluntary
liquidation or otherwise) to the Borrower or any Subsidiary Guarantor (provided if the
relevant asset was the subject of a Lien pursuant to any Security Document, the Borrower or the
applicable Subsidiary Guarantor shall grant security to a similar extent and of a comparable
quality over such asset in favor of the Collateral Agent, for the benefit of the Secured Parties
(such security to be in form and substance satisfactory to the Administrative Agent and the
Collateral Agent));

(c) in connection with a Permitted Acquisition or Permitted Joint Venture, any Person that is
the subject of such Permitted Acquisition or Permitted Joint Venture (other than any Permitted
Joint Venture that has obligations owing in respect of any Non-Recourse Indebtedness) may be merged
or consolidated with or into the Borrower or any Subsidiary Guarantor (provided that the
Borrower or the applicable Subsidiary Guarantor shall be the continuing or surviving corporation);
and

(d) transactions permitted under Section 7.5 shall be permitted.

7.5. Disposition of Property. Dispose of any of its property, whether now owned or
hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such
Subsidiary’s Capital Stock to any Person, except:

(a) the Disposition of obsolete or worn out property in the ordinary course of business;

(b) the sale of inventory or licensing of Intellectual Property in the ordinary course of
business on a non-exclusive basis, and the abandonment or other Disposition of Intellectual
Property that is negligible and non-material to the business of the Group Members as a whole;

(c) Dispositions permitted by Section 7.4(b);

(d) the sale or issuance of any Subsidiary’s Capital Stock to the Borrower provided that if
such Capital Stock was the subject of a Lien pursuant to any Security Document, the Borrower shall
grant security to a similar extent and of a comparable quality over such asset in favor of the
Collateral Agent, for the benefit of the Secured Parties (such security to be in form and substance
satisfactory to the Administrative Agent and the Collateral Agent);

(e) the Disposition of assets with an aggregate fair market value not to exceed $5,000,000;

(f) the disposition of cash not otherwise prohibited by this Agreement;

(g) the Disposition by CKX G.O.A.T. Holding Corp. and/or G.O.A.T., Inc. in an aggregate amount
of up to 5% of the membership interests in the GOAT Operating Company to the Muhammad Ali Family
Trust if and to the extent required under the express terms of the GOAT Operating Agreement, as in
effect on the Restatement Date; and

(h) the Disposition by CKX UK Holdings of all or a portion of its equity interests in Storm
Model Management Limited.

7.6. Restricted Payments. Declare or pay any dividend (other than dividends payable
solely in common stock of the Person making such dividend) on, or make any payment on account of,
or set apart assets for a sinking or other analogous fund for, the purchase, redemption,
defeasance, retirement or other acquisition of, any Capital Stock of any Group Member, whether now
or hereafter outstanding, or make any other distribution in respect thereof, either directly or
indirectly, whether in cash or property or in obligations of the Borrower or any Subsidiary
(collectively, “Restricted Payments”), except that:

(a) (i) any Subsidiary may make Restricted Payments to the Borrower or any Subsidiary
Guarantor and (ii) any Subsidiary may make Restricted Payments in a proportionate manner to the
Borrower (or a Subsidiary Guarantor, as applicable) and the other holders of such Subsidiary’s
Capital Stock in respect of such holders’ proportionate ownership of such Subsidiary;

(b) so long as no Default or Event of Default shall have occurred and be continuing or would
result therefrom, the Borrower may purchase its common stock or common stock options from present
or former officers or employees of any Group Member upon the death, disability or termination of
employment of such officer or employee, provided that the aggregate amount of payments
under this clause (b) after the date hereof shall not exceed $2,500,000;

(c) Elvis Presley Enterprises, LLC and Elvis Presley Enterprises Inc. (and, to the extent
required, the EPE Holding Corporation) may pay dividends to the Promenade Trust pursuant to the
applicable Elvis Operating Company Charter Documents, as in effect on the Restatement Date;

(d) purchases by any Group Member of the Capital Stock of any Group Member or Permitted Joint
Venture from any Person that is not a Group Member or Permitted Joint Venture in an aggregate
amount not to exceed $10,000,000 from and after the Restatement Date (provided that (i) the
Borrower shall be in compliance with the financial covenants set forth in Section 7.1 on a pro
forma basis after giving effect to any such purchase (as certified by a Responsible Officer of the
Borrower), (ii) the amount paid by the Borrower and its Subsidiaries in respect of any “put” or
similar obligation arising in connection with any individual Permitted Acquisition or Permitted
Joint Venture shall not exceed 30% of the aggregate consideration paid by the Borrower and its
Subsidiaries for such Permitted Acquisition or Permitted Joint Venture (as certified by a
Responsible Officer of the Borrower), (iii) the amount paid by the Borrower and its Subsidiaries
from and after the Restatement Date in connection with the exercise of any “call” or similar right
by any of them shall not exceed $5,000,000 in the aggregate and (iv) the dollar caps specified
above shall be reduced by the dollar amount of any Investments made pursuant to Section 7.8(k));

(e) the GOAT Operating Company may pay dividends to the Muhammad Ali Family Trust pursuant to
the GOAT Operating Agreement, as in effect on the Restatement Date;

(f) Investments permitted under Section 7.8(l) or Section 7.8(m), in either case, to the
extent that such Investments would constitute Restricted Payments; and

(g) the Borrower may pay dividends to the Promenade Trust pursuant to the Presley Preferred
Equity, as in effect on the Restatement Date.

7.7. Capital Expenditures. Make or commit to make any Capital Expenditure, except (a)
Capital Expenditures of the Borrower and its Subsidiaries in the ordinary course of business not
exceeding $12,000,000 in any fiscal year of the Borrower (provided that (i) any portion of
such amount, if not so expended in the fiscal year for which it is permitted, may be carried over
for expenditure in the next succeeding fiscal year (but not for expenditure in any further
succeeding fiscal year) and (ii) Capital Expenditures made pursuant to this clause (a) during any
fiscal year shall be deemed made, first, in respect of amounts permitted for such fiscal year as
provided above (without regard to this proviso) and, second, in respect of amounts carried over
from the prior fiscal year pursuant to clause (i) above), and (b) Capital Expenditures consisting
of Permitted Acquisitions and Permitted Joint Ventures otherwise permitted under Section 7.8 and/or
consisting of Investments made in accordance with Section 7.8(n).

7.8. Investments. Make any advance, loan, extension of credit (by way of guaranty or
otherwise) or capital contribution to, or purchase any Capital Stock, bonds, notes, debentures or
other debt securities of, or any assets constituting a business unit of, or make any other
investment in, any Person (all of the foregoing, “Investments”), except:

(a) extensions of trade credit in the ordinary course of business;

(b) Investments in cash and Cash Equivalents;

(c) Guarantee Obligations permitted by Section 7.2;

(d) loans and advances to employees, directors and officers of any Group Member in the
ordinary course of business (including for travel, entertainment and relocation expenses) in an
aggregate amount for all Group Members not to exceed $1,000,000 at any one time outstanding;

(e) intercompany Investments by (i) the Borrower in any Subsidiary Guarantor or any Subsidiary
of the Borrower that concurrently with such Investment becomes a Subsidiary Guarantor
(provided that, in each case, such Investments that consist of intercompany Indebtedness
shall be subordinated to the Obligations in accordance with the Subordination Provisions and any
notes issued in respect thereof have been pledged to the Collateral Agent, for the benefit of the
Secured Parties), (ii) any Subsidiary Guarantor in the Borrower or any other Subsidiary Guarantor
or any Subsidiary of the Borrower that concurrently with such Investment becomes a Subsidiary
Guarantor (provided that, in each case, such Investments that consist of intercompany
Indebtedness shall be subordinated to the Obligations in accordance with the Subordination
Provisions and any notes issued in respect thereof have been pledged to the Collateral Agent, for
the benefit of the Secured Parties); (iii) any Subsidiary that is not a Subsidiary Guarantor in the
Borrower or any Subsidiary Guarantor or any Subsidiary of the Borrower that concurrently with such
Investment becomes a Subsidiary Guarantor consisting of intercompany Indebtedness (provided
that, in each case, such Indebtedness shall be subordinated to the Obligations in accordance with
the Subordination Provisions), or (iv) any Subsidiary that is not a Subsidiary Guarantor in any
other Subsidiary that is not a Subsidiary Guarantor (provided that, in each case, such
Investments that consist of intercompany Indebtedness shall be subordinated to the Obligations in
accordance with the Subordination Provisions and any notes issued in respect thereof have been
pledged to the Collateral Agent, for the benefit of the Secured Parties);

(f) intercompany Investments by the Borrower or any of its Subsidiaries in any Person
(provided that such Investments that consist of intercompany Indebtedness shall be
subordinated to the Obligations in accordance with the Subordination Provisions and any notes
issued in respect thereof have been pledged to the Collateral Agent, for the benefit of the Secured
Parties, to the extent otherwise required hereunder), that, prior and after giving effect to such
Investment, is a Foreign Subsidiary (including, without limitation, Guarantee Obligations with
respect to obligations of any such Foreign Subsidiary, loans made to any such Foreign Subsidiary
and Investments resulting from mergers with or sales of assets to any such Foreign Subsidiary) in
an aggregate amount (valued at cost) not to exceed $1,000,000 since the Restatement Date;

(g) in addition to Investments otherwise expressly permitted by this Section, Investments by
the Borrower or any of its Subsidiaries in an aggregate amount (valued at cost) not to exceed
$2,000,000 since the Restatement Date;

(h) Investments under Hedge Agreements entered into in the ordinary course of a Group Member’s
business and not for speculative purposes and otherwise in compliance with this Agreement;

(i) Investments in securities of trade creditors, licensors, licensees or customers received
pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of
such trade creditors or customers or in good faith settlement of delinquent obligations of such
trade creditors or customers;

(j) Investments made after the Restatement Date consisting of Permitted Acquisitions and
Permitted Joint Ventures; provided that (i) the aggregate amount of Investments made in
connection with all Permitted Acquisitions and Permitted Joint Ventures in accordance with this
clause (j) shall not exceed $10,000,000 (after giving effect to any reinstatement of prior
utilizations of such amount with Net Cash Proceeds or cash dividends and other distributions in
accordance with clause (iii) below), (ii) the aggregate amount of Investments made in connection
with all Permitted Joint Ventures in accordance with this clause (j) shall not exceed $10,000,000
(after giving effect to any reinstatement of prior utilizations of such amount with Net Cash
Proceeds or cash dividends and other distributions in accordance with clause (iv) below), (iii) any
amounts utilized in respect of the dollar cap specified in clause (i) above shall be reinstated by
an amount equal to the sum of (x) the Net Cash Proceeds actually received by the Borrower or any
Subsidiary Guarantor in respect of any Asset Sale consisting of a Permitted Acquisition or
Permitted Joint Venture in which Investments were previously made pursuant to this clause (j) plus
(y) the aggregate amount of dividends and other distributions in the form of cash, Cash Equivalents
and non-cash assets that have been converted into cash that have been actually received by the
Borrower or any Subsidiary Guarantor from Permitted Joint Ventures in which Investments were
previously made pursuant to this clause (j), in each case, as certified by a Responsible Officer of
the Borrower (provided that in no event shall amounts available in respect of such dollar
cap be greater than $10,000,000 at any one time after giving effect to any such reinstatement) and
(iv) any amounts utilized in respect of the dollar cap specified in clause (ii) above shall be
reinstated by an amount equal to the sum of (x) the Net Cash Proceeds actually received by the
Borrower or any Subsidiary Guarantor in respect of any Asset Sale consisting of a Permitted Joint
Venture in which Investments were previously made pursuant to this clause (j) plus (y) the
aggregate amount of dividends and other distributions in the form of cash, Cash Equivalents and
non-cash assets that have been converted into cash that have been actually received by the Borrower
or any Subsidiary Guarantor from Permitted Joint Ventures in which Investments were previously made
pursuant to this clause (j), in each case, as certified by a Responsible Officer of the Borrower
(provided that in no event shall amounts available in respect of such dollar cap be greater
than $10,000,000 at any one time after giving effect to any such reinstatement);

(k) purchases by any Group Member of the Capital Stock of any Group Member or Permitted Joint
Venture from a Person that is not a Group Member or Permitted Joint Venture in an aggregate amount
not to exceed $10,000,000 from and after the Restatement Date (provided that (i) the
Borrower shall be in compliance with the financial covenants set forth in Section 7.1 on a pro
forma basis after giving effect to any such purchase (as certified by a Responsible Officer of the
Borrower), (ii) the amount paid by the Borrower and its Subsidiaries in respect of any “put” or
similar obligation arising in connection with any individual Permitted Acquisition or Permitted
Joint Venture shall not exceed 30% of the aggregate consideration paid by the Borrower and its
Subsidiaries for such Permitted Acquisition or Permitted Joint Venture (as certified by a
Responsible Officer of the Borrower), (iii) the amount paid by the Borrower and its Subsidiaries
from and after the Restatement Date in connection with the exercise of any “call” or similar right
by any of them shall not exceed $5,000,000 in the aggregate and (iv) the dollar caps specified
above shall be reduced by the dollar amount of any Restricted Payments made pursuant to Section
7.6(d));

(l) purchases by EPE Holding Corporation from the Promenade Trust of (i) all or any part of
the Series B Preferred Stock and/or common stock of Elvis Presley Enterprises, Inc., as and to the
extent required as a result of the exercise by the Promenade Trust of its rights under the terms of
the Shareholders Agreement, dated February 7, 2005, as in effect on the Restatement Date and (ii)
all or any part of the Series B membership interests in Elvis Presley Enterprises, LLC, as and to
the extent required as a result of the exercise by the Promenade Trust of its rights under the
terms of the limited liability company operating agreement of Elvis Presley Enterprises, LLC, dated
as of February 7, 2005, as in effect on the Restatement Date;

(m) purchases by CKX G.O.A.T. Holding Corp. and/or G.O.A.T., Inc. of all of the membership
interests of the GOAT Operating Company owned by the Muhammad Ali Family Trust as and to the extent
required as result of the exercise by the Muhammad Ali Family Trust of its rights under the GOAT
Operating Agreement, as in effect on the Restatement Date;

(n) Investments made after the Restatement Date in the CDS Elvis Venture; provided
that the aggregate amount of Investments made in connection with the CDS Elvis Venture shall not
exceed $1,500,000; and

(o) solely to the extent that Investments are not then permitted under clause (j) above,
Investments made after the Restatement Date by any Subsidiary that is not a Subsidiary Guarantor
consisting of Permitted Acquisitions and Permitted Joint Ventures with (x) any Net Cash Proceeds
actually received by such Subsidiary and not distributed to the Borrower or any Subsidiary
Guarantor as of such date in respect of any Asset Sale consisting of a Permitted Acquisition or
Permitted Joint Venture in which Investments were previously made pursuant to clause (j) above or
this clause (o) or (y) any dividends and other distributions in the form of cash, Cash Equivalents
and non-cash assets that have been converted into cash that have been actually received by such
Subsidiary and not distributed to the Borrower or any Subsidiary Guarantor as of such date from
Permitted Joint Ventures in which Investments were previously made pursuant to clause (j) above or
this clause (o); provided that the aggregate amount of Investments made by such Subsidiary
pursuant to this clause (o) at any time outstanding (after giving effect to any additional amounts
received as described in clauses (x) and (y) above) shall not exceed (1) the aggregate amount of
Investments previously made as of such date by such Subsidiary in such Permitted Acquisition or
Permitted Joint Venture, as the case may be, in accordance with clause (j) above minus (2) the
aggregate amount of dividends or distributions received by the Borrower or any Subsidiary Guarantor
from such Subsidiary and credited under clauses (iii) or (iv) of clause (j) above.

7.9. Optional Payments and Modifications of Certain Debt Instruments. (a)  Make or
offer to make any optional or voluntary payment, prepayment, repurchase or redemption of or
otherwise optionally or voluntarily defease or segregate funds with respect to any Indebtedness
referred to in Section 7.2(l), (m), (n) or (o), (b) amend, modify, waive or otherwise change, or
consent or agree to any amendment, modification, waiver or other change to, any of the terms of any
Indebtedness referred to in Section 7.2(l), (m), (n) or (o) (other than any such amendment,
modification, waiver or other change that (i) would extend the maturity or reduce the amount of any
payment of principal thereof or reduce the rate or extend any date for payment of interest thereon
and (ii) does not involve the payment of a consent fee), (c) amend, modify, waive or otherwise
change, or consent or agree to any amendment, modification, waiver or other change to, any of the
terms of the Presley Preferred Equity (other than any such amendment, modification, waiver or other
change that (i) (A) would extend the scheduled redemption date or reduce the amount of any
scheduled redemption payment or reduce the rate or extend any date for payment of dividends thereon
and (B) does not involve the payment of a consent fee or (ii) would be required in connection with
effecting any merger or consolidation contemplated by Section 7.4(b)).

7.10. Transactions with Affiliates. Enter into any transaction, including any
purchase, sale, lease or exchange of property, the rendering of any service or the payment of any
management, advisory or similar fees, with any Affiliate (other than the Borrower or any Subsidiary
Guarantor) unless such transaction is (a) otherwise permitted under this Agreement, (b) set forth
on Schedule 7.10, or (c) upon fair and reasonable terms no less favorable to the relevant Group
Member, than it would obtain in a comparable arm’s length transaction with a Person that is not an
Affiliate.

7.11. Sales and Leasebacks. Enter into any arrangement with any Person providing for
the leasing by any Group Member of real or personal property that has been or is to be sold or
transferred by such Group Member to such Person or to any other Person to whom funds have been or
are to be advanced by such Person on the security of such property or rental obligations of such
Group Member.

7.12. Hedge Agreements. Enter into any Hedge Agreement, except (a) Hedge Agreements
entered into to hedge or mitigate risks to which the Borrower or any Subsidiary has actual exposure
(other than those in respect of Capital Stock) and (b) Hedge Agreements entered into in order to
effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating
rate to another floating rate or otherwise) with respect to any interest-bearing liability or
investment of the Borrower or any Subsidiary.

7.13. Changes in Fiscal Periods. Permit the fiscal year of the Borrower to end on a
day other than December 31 or change the Borrower’s method of determining fiscal quarters.

7.14. Negative Pledge Clauses. Enter into or suffer to exist or become effective any
agreement that prohibits or limits or imposes any condition upon the ability of any Group Member
(other than any Group Member that is not required to become a Subsidiary Guarantor as provided in
the definition thereof) to create, incur, assume or suffer to exist any Lien upon any of its
property or revenues, whether now owned or hereafter acquired, to secure its obligations under the
Loan Documents or any refinancing thereof, other than any agreements governing any purchase money
Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any prohibition shall
only be effective against the assets financed thereby), except agreements by a Permitted Joint
Venture to limit Liens on its assets under the terms of any Non-Recourse Indebtedness of such
Permitted Joint Venture.

7.15. Clauses Restricting Subsidiary Distributions. Enter into or suffer to exist or
become effective any consensual encumbrance or restriction on the ability of any Subsidiary of the
Borrower to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held
by, or pay any Indebtedness owed to, the Borrower or any Subsidiary Guarantor, (b) make loans or
advances to, or other Investments in, the Borrower or any Subsidiary Guarantor or (c) transfer any
of its assets to the Borrower or any Subsidiary Guarantor, except for such encumbrances or
restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents,
(ii) applicable law or any rule, regulation or order, (iii) customary non-assignment provisions or
restrictions on cash or other deposits contained in any contract or any lease governing a leasehold
interest of any Group Member, (iv) restrictions on the transfer of assets subject to any Lien
permitted under this Agreement imposed by the holder of such Lien, (v) restrictions imposed by any
agreement to sell assets or Capital Stock permitted under this Agreement to any Person pending the
closing of such sale, (vi) customary provisions in joint venture agreements and other similar
agreements entered into by the Borrower or one of its Subsidiaries and any Person (other than the
Borrower or any Affiliate of the Borrower), in each case, relating solely to the respective joint
venture or similar entity or the equity interests therein and entered into in the ordinary course
of business, (vii) purchase money obligations (including any capitalized lease obligations)
relating to property acquired in the ordinary course of business, (viii) restrictions imposed under
the Elvis Operating Company Charter Documents, as in effect on the Restatement Date or (ix)
restrictions imposed on any Permitted Joint Venture under the terms of any Non-Recourse
Indebtedness.

7.16. Lines of Business. Enter into any business, either directly or through any
Subsidiary, except for those businesses in which the Borrower and its Subsidiaries are engaged on
the date of this Agreement, that are described in clause (a) of the definition of “Permitted
Acquisition” and “Permitted Joint Venture” or that are reasonably related thereto.

7.17. Certain Amendments. Amend, supplement or otherwise modify (pursuant to a waiver
or otherwise) the terms and conditions of (a) any Group Member’s organizational or constitutional
documents or (b) any material agreement, in each case, except for any such amendment, supplement or
modification that could not reasonably be expected to have a Material Adverse Effect or (in the
case of any Group Member’s organizational or constitutional documents) that would impose any
restrictions on the transferability of such Group Member’s shares upon the enforcement of the
security interests in respect thereof granted to the Collateral Agent (in its capacity as such).

7.18. Accounting Changes. Permit, or cause any of its Subsidiaries to make or permit,
any material change in its accounting policies or reporting practices, except as may be required by
or permitted under GAAP.

7.19. Intellectual Property.

(a)    Knowingly perform any act or knowingly instruct or authorize other Persons to perform
any act whereby any Business Intellectual Property may become forfeited, abandoned or dedicated to
the public.

(b)    Knowingly perform any act or knowingly instruct or authorize its licensees to perform
any act that infringes, misappropriates or violates the intellectual property rights of any other
Person.

7.20. Hazardous Substances. Knowingly permit, or cause any of its Subsidiaries to
knowingly permit, any Hazardous Substances to be brought on to or located on any of the Properties,
except in compliance in all material respects with, and in amounts, in a location and in a manner
not reasonably likely to lead to any liability pursuant to, all applicable Environmental Laws and
only in such quantities and types as reasonably needed to conduct the Business. If any such
Hazardous Substance is brought onto any Property by any Group Member or found located thereon, the
Borrower shall diligently mitigate or, as reasonably necessary, remove the Hazardous Substances,
including undertaking remedial and other response actions required under applicable Environmental
Laws. Each Loan Party hereby acknowledges that all Hazardous Substance handling practices and
environmental practices and procedures are the sole responsibility of such Loan Party and its
Subsidiaries. Each Loan Party further acknowledges that neither the Agents, the Lenders nor any
other Secured Party is an environmental consultant, engineer, investigator or inspector of any type
whatsoever. No act (or decision not to act) of any Agent, any Lender or any other Secured Party
related to this Agreement or any other Loan Document, or any of the transactions contemplated
hereby or thereby, shall give rise to any obligation or liability on the part of any Agent, Lender
or other Secured Party with respect to environmental matters or pursuant to Environmental Laws. In
no event shall any information obtained from any Agent, any Lender, any other Secured Party or any
of their respective employees, officers, directors, partners, advisors, representatives or agents
pursuant to this Agreement or any other Loan Document concerning the environmental condition of the
assets, properties or the business of any Loan Party or any Subsidiary of any Loan Party be
considered by any Loan Party or any Subsidiary of any Loan Party (or any other recipient of such
information) as constituting legal or environmental consulting, engineering, investigating or
inspecting advice, and neither any Loan Party nor any Subsidiary of any Loan Party (nor any other
recipient of such information) shall rely on said information. The responsibility for compliance
with Environmental Laws with respect to the assets, properties or business rests solely with each
Loan Party and its Subsidiaries. Nothing in this Section 7.20 shall limit any rights that any Loan
Party or any of its Subsidiaries may have to seek contribution or allocate responsibility pursuant
to Environmental Law from any third party (other than any Secured Party).

SECTION 8.   EVENTS OF DEFAULT

If any of the following events shall occur and be continuing:

(a) the Borrower shall fail to pay any principal of any Loan when due in accordance with the
terms hereof; or the Borrower shall fail to pay any interest on any Loan, or any other amount
payable hereunder or under any other Loan Document, within five Business Days after any such
interest or other amount becomes due in accordance with the terms hereof; or

(b) any representation or warranty made or deemed made by any Loan Party herein or in any
other Loan Document or that is contained in any certificate, document or financial or other
statement furnished by it at any time under or in connection with this Agreement or any such other
Loan Document shall prove to have been inaccurate in any material respect on or as of the date made
or deemed made; or

(c) (i)  any Loan Party shall default in the observance or performance of any agreement
contained in Sections 6.4(a)(i), 6.7(a), 6.12, 6.13, 7.1, 7.2, 7.3, 7.4, 7.5, 7.6, 7.8, 7.9, 7.10,
7.11, 7.13, 7.14, 7.15, 7.16, 7.17, 7.18 or 7.19 of this Agreement or Section 5.4 or 5.7(b) of the
Guarantee and Collateral Agreement, or Clauses 4.3(b), 9.1, or 19.1 through 19.3 of the UK
Debenture, or Clauses 7.1(i) or 8.1 of the UK Charge Over Shares, or Clauses 5 (as it relates to
Clause 4.3(b) or 9 of the UK Debenture), 6.1, 6.2, 6.3 (as it relates to Clause 19.3 of the UK
Debenture) or 9 of the UK Supplemental Debenture, or Clauses 4 or 7.1 of the UK Supplemental Charge
Over Shares, or (ii) an “Event of Default” under and as defined in any Mortgage shall have occurred
and be continuing; or

(d) any Loan Party shall default in the observance or performance of any other agreement
contained in this Agreement or any other Loan Document (other than as provided in paragraphs (a)
through (c) of this Section), and such default shall continue unremedied for a period of 30 days
after notice to the Borrower from the Administrative Agent or the Required Lenders; or

(e) any Group Member (i) defaults in making any payment of any principal of any Indebtedness
(including any Guarantee Obligation, but excluding the Loans) on the scheduled due date with
respect thereto; or (ii) defaults in making any payment of any interest on any such Indebtedness
beyond the period of grace, if any, provided in the instrument or agreement under which such
Indebtedness was created; or (iii) defaults in the observance or performance of any other agreement
or condition relating to any such Indebtedness or contained in any instrument or agreement
evidencing, securing or relating thereto, or any other event shall occur or condition exist, the
effect of which default or other event or condition is to cause, or to permit the holder or
beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to
cause, with the giving of notice if required, such Indebtedness to become due prior to its stated
maturity or to become subject to a mandatory offer to purchase by the obligor thereunder or (in the
case of any such Indebtedness constituting a Guarantee Obligation) to become payable;
provided that a default, event or condition described in clause (i), (ii) or (iii) of this
paragraph (e) shall not at any time constitute an Event of Default unless, at such time, one or
more defaults, events or conditions of the type described in clauses (i), (ii) and (iii) of this
paragraph (e) shall have occurred and be continuing with respect to Indebtedness the outstanding
principal amount of which exceeds in the aggregate $2,500,000; or

(f) (i) the Borrower or any Material Subsidiary shall commence any case, proceeding or other
action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to
bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief
entered with respect to it, or seeking to adjudicate it bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other
relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee,
custodian, conservator, liquidator, administrative receiver, administrator or other similar
official for it or for all or any substantial part of its assets, or the Borrower or any Material
Subsidiary shall make a general assignment for the benefit of its creditors; or (ii) there shall be
commenced against the Borrower or any Material Subsidiary any case, proceeding or other action of a
nature referred to in clause (i) above that (A) results in the entry of an order for relief or any
such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period
of 60 days (unless (x) such case, proceeding or other action is a winding-up petition instituted
under the laws of England which is frivolous or vexatious, in which case such period shall be
shortened to 14 days or (y) any other such case, proceeding or other action is instituted under the
laws of England, in which case such period shall be shortened to zero days); or (iii) there shall
be commenced against the Borrower or any Material Subsidiary any case, proceeding or other action
seeking issuance of a warrant of attachment, execution, distraint or similar process against all or
any substantial part of its assets that results in the entry of an order for any such relief that
shall not have been satisfied, vacated, discharged, or stayed or bonded pending appeal within
60 days from the entry thereof (unless such case, proceeding or other action is instituted under
the laws of England, in which case such period shall be shortened to 14 days); or (iv) the Borrower
or any Material Subsidiary shall take any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or
(v) the Borrower or any Material Subsidiary shall generally not, or shall be unable to, or shall
admit in writing its inability to, pay its debts as they become due; or

(g) (i)  any Person shall engage in any “prohibited transaction” (as defined in Section 406 of
ERISA or Section 4975 of the Code) involving any Plan, (ii) any failure to satisfy the minimum
funding standard of Section 302 or 303 of ERISA or Section 412 or 430 of the Code, whether or not
waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise
on the assets of any Group Member or any Commonly Controlled Entity, (iii) a Reportable Event shall
occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee
shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event
or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the
Required Lenders, likely to result in the termination of such Plan for purposes of Title IV of
ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v) any
Group Member or any Commonly Controlled Entity shall, or in the reasonable opinion of the Required
Lenders is likely to, incur any liability in connection with a withdrawal from, or the Insolvency
or Reorganization of, a Multiemployer Plan or (vi) any other event or condition shall occur or
exist with respect to a Plan; and in each case in clauses (i), (iii), (iv), (v) and (vi) above,
such event or condition, alone or together with all other such events or conditions, if any, has
had or could reasonably be expected to have a Material Adverse Effect; or

(h) one or more judgments or decrees shall be entered against any Group Member involving in
the aggregate a liability (not paid or fully covered by insurance as to which the relevant
insurance company has acknowledged coverage) of $1,000,000 or more, and all such judgments or
decrees shall not have been satisfied, vacated, discharged, stayed or bonded pending appeal within
60 days from the entry thereof; or

(i) any of the Loan Documents shall cease to be in full force and effect, or any Group Member
or any Affiliate of any Group Member shall so assert, or any Lien created by any of the Security
Documents covering Collateral having a fair market value in excess of $1,000,000 shall cease to be
enforceable and of the same effect and priority purported to be created thereby, for any reason
other than as permitted by Section 10.14; or

(j) the guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall
cease, for any reason, to be in full force and effect or any Loan Party or any Affiliate of any
Loan Party shall so assert, for any reason other than as permitted by Section 10.14; or

(k) (i) the board of directors of the Borrower shall cease to consist of a majority of
Continuing Directors; (ii) the Borrower shall cease to own and control, legally and beneficially,
directly or indirectly, 100% of each class of outstanding Capital Stock of each entity that is a
Subsidiary Guarantor as of the Restatement Date, in each case, free and clear of all Liens (except
Liens created by the Security Documents); or (iii) any group or person (within the meaning of Rule
13d-5 promulgated under the Exchange Act), other than the Sillerman Group, shall become the
“beneficial owner” (within the meaning of Rule 13d-3 and 13d-5 under the Exchange Act, except that
a person shall be deemed to have “beneficial ownership” of all securities that such person has the
right to acquire, whether such right is currently exercisable or is exercisable only upon the
occurrence of a subsequent condition), directly or indirectly, of more than 20% of the outstanding
voting Capital Stock of the Borrower; or

(l) (i) any Group Member’s rights in any portion of the Business Intellectual Property (other
than as specified in clause (i) of the definition of Intellectual Property), that is included in or
purported to be included in the Collateral, becomes invalidated, falls into the public domain or
otherwise becomes impaired or (ii) any Group Member’s rights in rights of publicity or rights in
rights to a living or deceased natural Person’s name and likeness becomes impaired, unless, in
either case, such an event could not reasonably be expected to cause a Material Adverse Effect; or

(m) Fremantle shall breach any Contractual Obligation owed to any Group Member and fail to
cure such breach for a period of 60 days where such breach could reasonably be expected to have a
Material Adverse Effect;

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or
(ii) of paragraph (f) above with respect to the Borrower, automatically the Loans hereunder (with
accrued interest thereon) and all other amounts owing under this Agreement and the other Loan
Documents shall immediately become due and payable, and (B) if such event is any other Event of
Default (where such default is continuing), with the consent of the Required Lenders, the
Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent
shall, by notice to the Borrower, declare the Loans hereunder (with accrued interest thereon) and
all other amounts owing under this Agreement and the other Loan Documents to be due and payable
forthwith, whereupon the same shall immediately become due and payable. Except as expressly
provided above in this Section, presentment, demand, protest and all other notices of any kind are
hereby expressly waived by the Borrower.

SECTION 9.   THE AGENTS

9.1. Appointment. Each Lender (and, if applicable, each other Secured Party) hereby
irrevocably designates and appoints each Agent (including its successors and permitted assigns) as
the agent of such Lender (and, if applicable, each other Secured Party) under this Agreement and
the other Loan Documents, and each such Lender irrevocably authorizes such Agent, in such capacity,
to take such action on its behalf under the provisions of this Agreement and the other Loan
Documents and to exercise such powers and perform such duties as are expressly delegated to such
Agent by the terms of this Agreement and the other Loan Documents, together with such other powers
as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in
this Agreement, no Agent shall have any duties or responsibilities, except those expressly set
forth herein, or any fiduciary relationship with any Lender or other Secured Party, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this
Agreement or any other Loan Document or otherwise exist against any Agent.

9.2. Delegation of Duties. Each Agent may execute any of its duties under this
Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be
entitled to advice of counsel concerning all matters pertaining to such duties. No Agent shall be
responsible for the negligence or misconduct of any agents or attorneys in-fact selected by it with
reasonable care.

9.3. Exculpatory Provisions. Neither any Agent nor any of their respective officers,
directors, employees, agents, attorneys-in-fact or affiliates shall be (a) liable for any action
lawfully taken or omitted to be taken by it or such Person under or in connection with this
Agreement or any other Loan Document (except to the extent that any of the foregoing are found by a
final and non-appealable decision of a court of competent jurisdiction to have resulted from its or
such Person’s own gross negligence or willful misconduct) or (b) responsible in any manner to any
of the Lenders or any other Secured Party for any recitals, statements, representations or
warranties made by any Loan Party or any officer thereof contained in this Agreement or any other
Loan Document or any Specified Hedge Agreement or in any certificate, report, statement or other
document referred to or provided for in, or received by the Agents under or in connection with,
this Agreement or any other Loan Document or any Specified Hedge Agreement or for the value,
validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other
Loan Document or any Specified Hedge Agreement or for any failure of any Loan Party a party thereto
to perform its obligations hereunder or thereunder. The Agents shall not be under any obligation
to any Lender or any other Secured Party to ascertain or to inquire as to the observance or
performance of any of the agreements contained in, or conditions of, this Agreement or any other
Loan Document or any Specified Hedge Agreement, or to inspect the properties, books or records of
any Loan Party.

9.4. Reliance by Agents. Each Agent shall be entitled to rely, and shall be fully
protected in relying, upon any instrument, writing, resolution, notice, consent, certificate,
affidavit, letter, telecopy, telex or teletype message, statement, order or other document or
conversation believed by it to be genuine and correct and to have been signed, sent or made by the
proper Person or Persons and upon advice and statements of legal counsel (including counsel to the
Borrower), independent accountants and other experts selected by such Agent. The Administrative
Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a
written notice of assignment, negotiation or transfer thereof shall have been filed with the
Administrative Agent. Each Agent shall be fully justified in failing or refusing to take any
action under this Agreement or any other Loan Document unless it shall first receive such advice or
concurrence of the Required Lenders (or, if so specified by this Agreement, all Lenders) as it
deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any
and all liability and expense that may be incurred by it by reason of taking or continuing to take
any such action. The Agents shall in all cases be fully protected in acting, or in refraining from
acting, under this Agreement and the other Loan Documents in accordance with a request of the
Required Lenders (or, if so specified by this Agreement, all Lenders), and such request and any
action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all
future holders of the Loans and all other Secured Parties.

9.5. Notice of Default. No Agent shall be deemed to have knowledge or notice of the
occurrence of any Default or Event of Default hereunder unless such Agent has received notice from
a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default
and stating that such notice is a “notice of default”. In the event that the Administrative Agent
receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The
Administrative Agent shall take such action with respect to such Default or Event of Default as
shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all
Lenders or any other instructing group of Lenders specified by this Agreement); provided
that, unless and until the Administrative Agent shall have received such directions, the
Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking
such action, with respect to such Default or Event of Default as it shall deem advisable in the
best interests of the Secured Parties.

9.6. Non-Reliance on Agents and Other Lenders. Each Lender (and each other Secured
Party) expressly acknowledges that neither the Agents nor any of their respective officers,
directors, employees, agents, attorneys-in-fact or affiliates have made any representations or
warranties to it and that no act by any Agent previously or hereafter taken, including any review
of the affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any
representation or warranty by any Agent to any Lender or any other Secured Party. Each Lender (and
each other Secured Party) represents to the Agents that it has, independently and without reliance
upon any Agent or any other Lender or any other Secured Party, and based on such documents and
information as it has deemed appropriate, made its own appraisal of and investigation into the
business, operations, property, financial and other condition and creditworthiness of the Loan
Parties and their affiliates and made its own decision to make its Loans hereunder and enter into
this Agreement or any Specified Hedge Agreement. Each Lender (and each other Secured Party) also
represents that it will, independently and without reliance upon any Agent or any other Lender or
any other Secured Party, and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit analysis, appraisals and decisions in taking or not
taking action under this Agreement and the other Loan Documents or any Specified Hedge Agreement,
and to make such investigation as it deems necessary to inform itself as to the business,
operations, property, financial and other condition and creditworthiness of the Loan Parties and
their affiliates. Except for notices, reports and other documents expressly required to be
furnished to the Lenders by the Administrative Agent hereunder, no Agent shall have any duty or
responsibility to disclose or otherwise provide to any Lender or any other Secured Party, and shall
not be liable for failure to disclose or otherwise provide to any Lender or any other Secured
Party, any credit or other information concerning the business, operations, property, condition
(financial or otherwise), prospects or creditworthiness of any Loan Party or any affiliate of a
Loan Party that may come into the possession of the Person serving as Agent or any of its officers,
directors, employees, agents, attorneys-in-fact or affiliates in any capacity.

9.7. Indemnification. The Lenders agree to indemnify each Agent in its capacity as
such (to the extent not reimbursed by the Borrower and without limiting the obligation of the
Borrower to do so), ratably according to their respective Aggregate Exposure Percentages in effect
on the date on which indemnification is sought under this Section (or, if indemnification is sought
after the date upon which the Loans shall have been paid in full, ratably in accordance with such
Aggregate Exposure Percentages immediately prior to such date), from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind whatsoever that may at any time (whether before or after the payment of
the Loans) be imposed on, incurred by or asserted against such Agent in any way relating to or
arising out of, this Agreement, any of the other Loan Documents, any Specified Hedge Agreement or
any documents contemplated by or referred to herein or therein or the transactions contemplated
hereby or thereby or any action taken or omitted by such Agent under or in connection with any of
the foregoing; provided that no Lender shall be liable for the payment of any portion of
such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements that are found by a final and non-appealable decision of a court of
competent jurisdiction to have resulted from such Agent’s gross negligence or willful misconduct.
The agreements in this Section shall survive the payment of the Loans and all other amounts payable
hereunder.

9.8. Agent in Its Individual Capacity. Each Agent and its affiliates may make loans
to, accept deposits from and generally engage in any kind of business with any Loan Party as though
such Agent were not an Agent. With respect to its Loans made or renewed by it, each Agent shall
have the same rights and powers under this Agreement and the other Loan Documents as any Lender and
may exercise the same as though it were not an Agent, and the terms “Lender”, “Lenders”, “Secured
Party” and “Secured Parties” shall include each Agent in its individual capacity.

9.9. Successor Agents. Each Agent may resign as such upon 10 days’ notice to the
Lenders and the Borrower. If any Agent shall resign under this Agreement and the other Loan
Documents, then the Required Lenders shall appoint a successor agent for the Lenders, which
successor agent shall (unless an Event of Default under Section 8(a) or Section 8(f) with respect
to the Borrower shall have occurred and be continuing) be subject to approval by the Borrower
(which approval shall not be unreasonably withheld or delayed), whereupon such successor agent
shall succeed to the rights, powers and duties of the Administrative Agent and/or the Collateral
Agent, and the term “Administrative Agent” or “Collateral Agent”, as applicable, shall mean such
successor agent effective upon such appointment and approval, and the former agent’s rights, powers
and duties as Administrative Agent or Collateral Agent, as applicable, shall be terminated, without
any other or further act or deed on the part of such former agent or any of the parties to this
Agreement or any Secured Party. If no successor agent has accepted appointment as such by the date
that is 10 days following a retiring agent’s notice of resignation, the retiring agent’s
resignation shall nevertheless thereupon become effective and the Lenders shall assume and perform
all of the duties of such agent hereunder until such time, if any, as the Required Lenders appoint
a successor agent as provided for above. Upon the acceptance of any appointment as Collateral
Agent hereunder by a successor Collateral Agent, such successor Collateral Agent shall thereupon
succeed to and become vested with all the rights, powers, privileges and duties of the retiring
Collateral Agent under this Agreement and the Security Documents, and the retiring Collateral Agent
under this Agreement shall promptly (a) transfer to such successor Collateral Agent all sums,
Pledged Equity Interests, Pledged Notes and other items of Collateral held hereunder or under the
Security Documents, together with all records and other documents necessary or appropriate in
connection with the performance of the duties of the successor Collateral Agent under this
Agreement and the Security Documents, and (b) execute and deliver to such successor Collateral
Agent or otherwise authorize the filing of such amendments to financing statements, and take such
other actions, as may be necessary or appropriate in connection with the assignment to such
successor Collateral Agent of the security interests created under the Security Documents,
whereupon such retiring Collateral Agent shall be discharged from its duties and obligations under
this Agreement and the Security Documents. After any retiring Agent’s resignation as
Administrative Agent and/or Collateral Agent, the provisions of this Section 9 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent and
or Collateral Agent under this Agreement and the other Loan Documents.

9.10. Agents Generally. Except as expressly set forth herein, no Agent shall have any
duties or responsibilities hereunder in its capacity as such.

9.11. The Joint Lead Arrangers. Each Joint Lead Arranger, in its capacity as such,
shall have no duties or responsibilities, and shall incur no liability, under this Agreement and
other Loan Documents.

9.12. Withholding Tax. To the extent required by any applicable law, the
Administrative Agent may withhold from any payment to any Lender an amount equivalent to any
applicable withholding Tax. If any Governmental Authority asserts a claim that the Administrative
Agent did not properly withhold Tax from amounts paid to or for the account of any Lender for any
reason, or the Administrative Agent has paid over to the Internal Revenue Service applicable
withholding Tax relating to a payment for a Lender but no deduction has been made from such
payment, such Lender shall indemnify the Administrative Agent fully for all amounts paid, directly
or indirectly, by the Administrative Agent as Tax or otherwise, including any penalties or interest
and together with all expenses (including legal expenses, allocated internal costs and
out-of-pocket expenses) incurred.

9.13. Security Documents.

(a) Each Secured Party hereby further authorizes the Collateral Agent, on behalf of and for
the benefit of Secured Parties, to be the agent for and representative of the Secured Parties with
respect to the Collateral and the Security Documents; provided that no Agent shall owe any
fiduciary duty, duty of loyalty, duty of care, duty of disclosure or any other obligation
whatsoever to any holder of Obligations with respect to any Specified Hedge Agreement. Subject to
Sections 10.1 and 10.14, without further written consent or authorization from any Secured Party,
the Administrative Agent or the Collateral Agent, as applicable, may execute any documents or
instruments necessary to (i) in connection with a sale or disposition of assets permitted by this
Agreement, release any Lien encumbering any item of Collateral that is the subject of such sale or
other disposition of assets or to which the Required Lenders (or such other Lenders as may be
required to give such consent under Section 10.1 or 10.14) have otherwise consented or (ii) release
any Subsidiary Guarantor from its guarantee obligations under the applicable Security Documents or
with respect to which the Required Lenders (or such other Lenders as may be required to give such
consent under Section 10.1 or 10.14) have otherwise consented.

(b) Notwithstanding anything to the contrary contained in any of the Loan Documents, the
Borrower, the Administrative Agent, the Collateral Agent and each Secured Party hereby agree that
(i) no Secured Party shall have any right individually to realize upon any of the Collateral or to
enforce any guarantee obligations of the Subsidiary Guarantors pursuant to the applicable Security
Documents, it being understood and agreed that all powers, rights and remedies hereunder may be
exercised solely by the Administrative Agent, on behalf of the Lenders in accordance with the terms
hereof, and all powers, rights and remedies under the Security Documents may be exercised solely by
the Collateral Agent, and (ii) in the event of a foreclosure by the Collateral Agent on any of the
Collateral pursuant to a public or private sale or other disposition, any Agent or any Lender may
be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition
and the Collateral Agent, as agent for and representative of the Secured Parties (but not any
Lender or Lenders in its or their respective individual capacities unless the Required Lenders
shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making
settlement or payment of the purchase price for all or any portion of the Collateral sold at any
such public sale, to use and apply any of the Obligations as a credit on account of the purchase
price for any collateral payable by the Collateral Agent at such sale or other disposition.

(c) No Specified Hedge Agreement will create (or be deemed to create) in favor of any
Qualified Counterparty that is a party thereto any rights in connection with the management or
release of any Collateral or of the obligations of any Subsidiary Guarantor under the Loan
Documents except as expressly provided in Section 10.14. By accepting the benefits of the
Collateral, such Qualified Counterparty shall be deemed to have appointed the Collateral Agent as
its agent and agreed to be bound by the Loan Documents as a Secured Party.

SECTION 10.   MISCELLANEOUS

10.1. Amendments and Waivers. Except as otherwise provided below, neither this
Agreement, any other Loan Document, nor any terms hereof or thereof may be amended, supplemented or
modified except in accordance with the provisions of this Section. The Required Lenders and each
Loan Party party to the relevant Loan Document may, or, with the written consent of the Required
Lenders, the Administrative Agent, the Collateral Agent and each Loan Party party to the relevant
Loan Document may, from time to time, (a) enter into written amendments, supplements or
modifications hereto and to the other Loan Documents for the purpose of adding any provisions to
this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or
of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions as the
Required Lenders, the Administrative Agent or the Collateral Agent, as the case may be, may specify
in such instrument, any of the requirements of this Agreement or the other Loan Documents or any
Default or Event of Default and its consequences; provided, however, that no such
waiver and no such amendment, supplement or modification shall (i) forgive the principal amount or
extend the final scheduled date of maturity of any Loan, reduce the stated rate of any interest or
fee payable hereunder (except (x) in connection with the waiver of applicability of any
post-default increase in interest rates, which waiver shall be effective with the consent of the
Required Lenders and (y) that any amendment or modification of defined terms used in the financial
covenants in this Agreement shall not constitute a reduction in the rate of interest or fees for
purposes of this clause (i)) or waive, reduce or postpone any scheduled repayment, in each case
without the written consent of each Lender directly affected thereby; (ii) eliminate or reduce the
voting rights of any Lender under this Section without the written consent of such Lender; (iii)
consent to the assignment or transfer by the Borrower of any of its rights and obligations under
this Agreement and the other Loan Documents, amend or modify the pro rata requirements of
Section 3.7 or the provisions of this Section 10.1 or, except as set forth in Section 10.14 or in
the Guarantee and Collateral Agreement, release all or substantially all of the Collateral or
release all or substantially all of the Subsidiary Guarantors from their respective obligations
under the Guarantee and Collateral Agreement, in each case without the written consent of all
Lenders; (iv) effect modifications to Section 10.6 that further restrict assignments by Lenders
thereunder without the written consent of each Lender affected thereby; (v) reduce the percentage
specified in the definition of Required Lenders without the written consent of all Lenders;
(vi) amend, modify or waive any provision of Section 9 without the written consent of each Agent
affected thereby; (vii) amend, modify or waive any provision of Section 5.1 without the written
consent of each Lender affected thereby or (viii) amend, modify or waive any Loan Document so as to
alter the ratable treatment of the Borrower Hedge Agreement Obligations (as defined in the
Guarantee and Collateral Agreement) and the Borrower Credit Agreement Obligations in a manner
adverse to any Qualified Counterparty with Obligations then outstanding without the written consent
of any such Qualified Counterparty. Any such waiver and any such amendment, supplement or
modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties,
the Lenders, the Agents and all future holders of the Loans. In the case of any waiver, the Loan
Parties, the Lenders and the Agents shall be restored to their former position and rights hereunder
and under the other Loan Documents, and any Default or Event of Default waived shall be deemed to
be cured and not continuing; provided that (x) each such waiver shall be limited to the
period for which it is granted and (y) no such waiver shall extend to any subsequent or other
Default or Event of Default, or impair any right consequent thereon.

10.2. Notices. All notices, requests and demands to or upon the respective parties
hereto to be effective shall be in writing (including by telecopy), and, unless otherwise expressly
provided herein, shall be deemed to have been duly given or made when delivered, or three Business
Days after being deposited in the mail, postage prepaid, or, in the case of telecopy notice, when
received, addressed as follows in the case of the Borrower and the Agents, and as set forth in an
administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or
to such other address as may be hereafter notified by the respective parties hereto:

	 	 	 
	The Borrower:
	 	CKX, Inc.

650 Madison Avenue, 16th Floor

New York, New York 10022

Attention: General Counsel

Telecopy: (212) 753-3188

Telephone: (212) 407-9101

	with a copy to:
	 	Paul, Hastings, Janofsky & Walker LLP

75 East 55th Street

New York, New York 10022

Attention: William Schwitter, Esq.

Telecopy: (212) 230-7834

Telephone: (212) 318-6400

	The Administrative Agent

or the Collateral Agent:
	 	JPMorgan Chase Bank, N.A.

270 Park Avenue

New York, New York 10017

Attention: Peter Thauer

Telecopy: (212) 270-5127

Telephone: (212) 270-6289

and

JPMorgan Chase Bank, N.A.

1111 Fannin Street, Floor 10

Houston, Texas 77002

Attention: Sheila King

Telecopy: (713) 750-2878

Telephone: (713) 750-2242

and

JPMorgan Chase Bank, N.A.

1111 Fannin Street, Floor 10

Houston, Texas 77002

Attention: Sylvia Gutierrez

Telecopy: (713) 750-2878

Telephone: (713) 750-7919

	with a copy to:
	 	Latham & Watkins LLP

885 Third Avenue, Suite 1000

New York, New York 10022

Attention: Michèle Penzer, Esq.

Telecopy: (212) 751-4864

Telephone: (212) 906-1245

provided that any notice, request or demand to or upon any Agent or the Lenders shall not
be effective until received.

Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Section 2 unless
otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent
or the Borrower may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or communications.

10.3. No Waiver; Cumulative Remedies. No failure to exercise and no delay in
exercising, on the part of any Agent or any Lender, any right, remedy, power or privilege hereunder
or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or
partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights,
remedies, powers and privileges herein provided are cumulative and not exclusive of any rights,
remedies, powers and privileges provided by law.

10.4. Survival of Representations and Warranties. All representations and warranties
made hereunder, in the other Loan Documents and in any document, certificate or statement delivered
pursuant hereto or in connection herewith shall survive the execution and delivery of this
Agreement and the making of the Loans and other extensions of credit hereunder.

10.5. Payment of Expenses and Taxes. The Borrower agrees (a) to pay or reimburse each
Agent and each Lead Arranger for all of its reasonable out-of-pocket costs and expenses incurred in
connection with the development, preparation and execution of, and any amendment, supplement or
modification to, this Agreement and the other Loan Documents and any other documents prepared in
connection herewith or therewith, and the consummation and administration of the transactions
contemplated hereby and thereby, including the reasonable fees and disbursements of a single New
York counsel to the Agents and the Lead Arrangers (and appropriate local or special counsel)
(provided that, if the Secured Parties are advised by counsel that there are actual or
perceived conflicts of interest, the Borrower will be required to pay for one additional counsel
for each affected party), the reasonable fees and disbursements of audit and accounting
professionals and filing and recording fees and expenses (and excluding corporate overhead and
other non out-of-pocket expenses), with statements with respect to the foregoing to be submitted to
the Borrower prior to the Restatement Date (in the case of amounts to be paid on the Restatement
Date) and from time to time thereafter on a monthly basis or such other periodic basis as such
Agent or Lead Arranger, as applicable, shall deem appropriate, (b) to pay or reimburse each Lender,
each Lead Arranger and each Agent for all its costs and expenses incurred in connection with the
enforcement or preservation of any rights under this Agreement, the other Loan Documents and any
such other documents, including the fees and disbursements of a single New York counsel to the
Lenders, the Lead Arrangers and the Agents (and appropriate local or special counsel)
(provided that, if the Secured Parties are advised by counsel that there are actual or
perceived conflicts of interest, the Borrower will be required to pay for one additional counsel
for each affected party) and the fees and disbursements of audit and accounting professionals (but
excluding corporate overhead and other non out-of-pocket expenses), (c) to pay, indemnify, and hold
each Lender, each Lead Arranger and each Agent harmless from, any and all recording and filing fees
and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise
and other taxes, if any, that may be payable or determined to be payable in connection with the
execution and delivery of, or consummation or administration of any of the transactions
contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or
in respect of, this Agreement, the other Loan Documents and any such other documents, and (d) to
pay, indemnify, and hold each Lender, each Lead Arranger and each Agent and their respective
officers, directors, employees, affiliates, agents and controlling persons (each, an
“Indemnitee”) harmless from and against any and all other liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or
nature whatsoever with respect to the execution, delivery, enforcement, performance and
administration of this Agreement, the other Loan Documents (regardless of whether any Loan Party is
or is not a party to any such actions or suits) and any such other documents, including any of the
foregoing relating to the use of proceeds of the Loans or the violation of, noncompliance with or
liability under, any Environmental Law or with respect to any Hazardous Substance applicable to the
operations of any Group Member or any of the Properties or the Business or the unauthorized use by
Persons of information or other materials sent through electronic, telecommunications or other
information transmission systems that are intercepted by such Persons and the reasonable fees and
expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee
against any Loan Party under any Loan Document (all the foregoing in this clause (d), collectively,
the “Indemnified Liabilities”); provided that the Borrower shall have no obligation
hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified
Liabilities are found by a final and non-appealable decision of a court of competent jurisdiction
to have resulted from the gross negligence or willful misconduct of such Indemnitee. Without
limiting the foregoing, and to the extent permitted by applicable law, the Borrower agrees not to
assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause its
Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to
all claims, demands, penalties, fines, liabilities, violations, settlements, damages, costs and
expenses of whatever kind or nature, under or related to Environmental Laws or with respect to any
Hazardous Substance, that any of them might have by statute or otherwise against any Indemnitee.
All amounts due under this Section 10.5 shall be payable not later than 10 days after written
demand therefor. Statements payable by the Borrower pursuant to this Section 10.5 shall be
submitted to the General Counsel of the Borrower (Telephone No. (212) 407-9101) (Telecopy No. (212)
753-3188), at the address of the Borrower set forth in Section 10.2, or to such other Person or
address as may be hereafter designated by the Borrower in a written notice to the Administrative
Agent. The agreements in this Section 10.5 shall survive repayment of the Loans and all other
amounts payable hereunder.

10.6. Successors and Assigns; Participations and Assignments.

(a)    The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that (i) the
Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower
without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer
its rights or obligations hereunder except in accordance with this Section (and any attempted
assignment or transfer in violation of this Section 10.6 shall be null and void).

(b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more assignees (other than any Group Member or any Subsidiary or Affiliate thereof)
(each, an “Assignee”) all or a portion of its rights and obligations under this Agreement
(including all or a portion of its Loans at the time owing to it) with the prior written consent
(such consent not to be unreasonably withheld) of the Administrative Agent, provided that
no consent of the Administrative Agent shall be required for an assignment to an Assignee that is a
Lender, an Affiliate of a Lender or an Approved Fund immediately prior to giving effect to such
assignment.

(ii)   Assignments shall be subject to the following additional conditions:

(A) except in the case of an assignment to a Lender, an affiliate of a Lender
or an Approved Fund or an assignment of the entire remaining amount of the assigning
Lender’s Loans, the amount of the Loans of the assigning Lender subject to each
such assignment (determined as of the date the Assignment and Assumption with
respect to such assignment is delivered to the Administrative Agent) shall not be
less than $1,000,000 unless each of the Borrower and the Administrative Agent
otherwise consent, provided that (1) no such consent of the Borrower shall
be required if an Event of Default has occurred and is continuing and (2) such
amounts shall be aggregated in respect of each Lender and its affiliates or Approved
Funds, if any;

(B) the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and
recordation fee of $3,500;

(C) the Assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an administrative questionnaire; and

(D) in the case of an assignment to a CLO (as defined below), the assigning
Lender shall retain the sole right to approve any amendment, modification or waiver
of any provision of this Agreement and the other Loan Documents, provided
that the Assignment and Assumption between such Lender and such CLO may provide that
such Lender will not, without the consent of such CLO, agree to any amendment,
modification or waiver that (1) requires the consent of each Lender directly
affected thereby pursuant to the proviso to the second sentence of Section 10.1 and
(2) directly affects such CLO.

(iii)   Subject to acceptance and recording thereof pursuant to paragraph (b)(iv)
below, from and after the effective date specified in each Assignment and Assumption the
Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by
such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned
by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s
rights and obligations under this Agreement, such Lender shall cease to be a party hereto
but shall continue to be entitled to the benefits of Sections 3.8, 3.9, 3.10 and 10.5). An
assignee shall not be entitled to the benefits of Section 3.9 unless such Assignee complies
with Sections 3.9(d) and (e). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this Section shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (c) of this Section.

(iv)   The Administrative Agent, acting for this purpose as an agent of the Borrower,
shall maintain at one of its offices a copy of each Assignment and Assumption delivered to
it and a register for the recordation of the names and addresses of the Lenders, and the
principal amount and stated interest of the Loans owing to, each Lender pursuant to the
terms hereof from time to time (the “Register”). The entries in the Register shall
be conclusive, and the Borrower, the Administrative Agent, the Collateral Agent and the
Lenders may treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to
the contrary. The Register shall be available for inspection by the Borrower and any
Lender, at any reasonable time and from time to time upon reasonable prior notice.

(v)   Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an Assignee, the Assignee’s completed administrative questionnaire
(unless the Assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) of this Section and any written consent to such assignment
required by paragraph (b) of this Section, the Administrative Agent shall accept such
Assignment and Assumption and record the information contained therein in the Register. No
assignment shall be effective for purposes of this Agreement unless it has been recorded in
the Register as provided in this paragraph.

(c)    (i)  Any Lender may, without the consent of the Borrower or the Administrative Agent,
sell participations to one or more banks or other entities (a “Participant”) in all or a
portion of such Lender’s rights and obligations under this Agreement (including all or a portion of
its Loans owing to it); provided that (A) such Lender’s obligations under this Agreement
shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto
for the performance of such obligations and (C) the Borrower, the Administrative Agent, the
Collateral Agent and the other Lenders shall continue to deal solely and directly with such Lender
in connection with such Lender’s rights and obligations under this Agreement. Any agreement
pursuant to which a Lender sells such a participation shall provide that such Lender shall retain
the sole right to enforce this Agreement and to approve any amendment, modification or waiver of
any provision of this Agreement; provided that such agreement may provide that such Lender
will not, without the consent of the Participant, agree to any amendment, modification or waiver
that (1) requires the consent of each Lender directly affected thereby pursuant to the proviso to
the second sentence of Section 10.1 and (2) directly affects such Participant. Subject to
paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled to
the benefits of Sections 3.8, 3.9 and 3.10 to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 10.7(b) as
though it were a Lender, provided that such Participant shall be subject to Section 10.7(a)
as though it were a Lender.

(ii)   A Participant shall not be entitled to receive any greater payment under
Section 3.8 or 3.9 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such Participant, except to the extent such entitlement
to receive a greater payment results from a change in law that occurs after such Participant
acquires the applicable participation or unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent. Any Participant shall not be
entitled to the benefits of Section 3.9 unless such Participant complies with
Sections 3.9(d), (e) and (f). Each Lender that sells a participation shall, acting solely
for this purpose as an agent of the Borrower, maintain a register on which it enters the
name and address of each Participant and the principal amounts (and stated interest) of each
Participant’s interest in the Loans or other obligations under this Agreement (the
“Participant Register”); provided that no Lender shall have any obligation
to disclose all or any portion of the Participant Register to any Person (including the
identity of any Participant or any information relating to a Participant’s interest in any
Loan or its other obligations under any Loan Document) except to the extent that such
disclosure is necessary to establish that such Loan or other obligation is in registered
form under Section 5f.103-1(c) of the United States Treasury Regulations.. The entries in
the Participant Register shall be conclusive absent manifest error, and such Lender shall
treat each person whose name is recorded in the Participant Register as the owner of such
participation for all purposes of this Agreement notwithstanding any notice to the contrary.

(d)    Any Lender may at any time pledge or assign a security interest in all or any portion
of its rights under this Agreement to secure obligations of such Lender, including any pledge or
assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any
such pledge or assignment of a security interest; provided that no such pledge or
assignment of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or Assignee for such Lender as a party hereto.

(e)    The Borrower, upon receipt of written notice from the relevant Lender, agrees to issue
Notes to any Lender requiring Notes.

(f)    Notwithstanding the foregoing, any Conduit Lender may assign any or all of the Loans it
may have funded hereunder to its designating Lender without the consent of the Borrower or the
Administrative Agent and without regard to the limitations set forth in Section 10.6(a). Each of
the Borrower, each Lender and the Administrative Agent hereby confirms that it will not institute
against a Conduit Lender or join any other Person in instituting against a Conduit Lender any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under any state
bankruptcy or similar law, for one year and one day after the payment in full of the latest
maturing commercial paper note issued by such Conduit Lender; provided, however,
that each Lender designating any Conduit Lender hereby agrees to indemnify, save and hold harmless
each other party hereto for any loss, cost, damage or expense arising out of its inability to
institute such a proceeding against such Conduit Lender during such period of forbearance.

10.7. Adjustments; Set-off.

(a)    Except to the extent that this Agreement expressly provides for payments to be
allocated to a particular Lender, if any Lender (a “Benefited Lender”) shall receive any
payment of all or part of the Obligations owing to it, or receive any collateral in respect thereof
(whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature
referred to in Section 8(f), or otherwise), in a greater proportion than any such payment to or
collateral received by any other Lender, if any, in respect of the Obligations owing to such other
Lender, such Benefited Lender shall purchase for cash from the other Lenders a participating
interest in such portion of the Obligations owing to each such other Lender, or shall provide such
other Lenders with the benefits of any such collateral, as shall be necessary to cause such
Benefited Lender to share the excess payment or benefits of such collateral ratably with each of
the Lenders; provided, however, that if all or any portion of such excess payment
or benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded,
and the purchase price and benefits returned, to the extent of such recovery, but without interest.

(b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall
have the right, without prior notice to the Borrower, any such notice being expressly waived by the
Borrower to the extent permitted by applicable law, upon any amount becoming due and payable by the
Borrower hereunder (whether at the stated maturity, by acceleration or otherwise), to set off and
appropriate and apply against such amount any and all deposits (general or special, time or demand,
provisional or final), in any currency, and any other credits, indebtedness or claims, in any
currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at
any time held or owing by such Lender or any branch or agency thereof to or for the credit or the
account of the Borrower, as the case may be. Each Lender agrees promptly to notify the Borrower
and the Administrative Agent after any such setoff and application made by such Lender,
provided that the failure to give such notice shall not affect the validity of such setoff
and application.

10.8. Counterparts. This Agreement may be executed by one or more of the parties to
this Agreement on any number of separate counterparts, and all of said counterparts taken together
shall be deemed to constitute one and the same instrument. Delivery of an executed signature page
of this Agreement by facsimile or other electronic transmission shall be effective as delivery of a
manually executed counterpart hereof. A set of the copies of this Agreement signed by all the
parties shall be lodged with the Borrower and the Administrative Agent.

10.9. Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

10.10. Integration. This Agreement and the other Loan Documents represent the entire
agreement of the Borrower, the Agents and the Lenders with respect to the subject matter hereof and
thereof, and there are no promises, undertakings, representations or warranties by any Agent or any
Lender relative to the subject matter hereof not expressly set forth or referred to herein or in
the other Loan Documents.

10.11. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK.

10.12. Submission To Jurisdiction; Waivers. The Borrower hereby irrevocably and
unconditionally:

(a) submits for itself and its property in any legal action or proceeding relating to this
Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement
of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the
State of New York, the courts of the United States for the Southern District of New York, and
appellate courts from any thereof;

(b) consents that any such action or proceeding may be brought in such courts and waives any
objection that it may now or hereafter have to the venue of any such action or proceeding in any
such court or that such action or proceeding was brought in an inconvenient court and agrees not to
plead or claim the same;

(c) agrees that service of process in any such action or proceeding may be effected by mailing
a copy thereof by registered or certified mail (or any substantially similar form of mail), postage
prepaid, to the Borrower, as the case may be at its address set forth in Section 10.2 or at such
other address of which the Administrative Agent shall have been notified pursuant thereto;

(d) agrees that nothing herein shall affect the right to effect service of process in any
other manner permitted by law or shall limit the right to sue in any other jurisdiction; and

(e) waives, to the maximum extent not prohibited by law, any right it may have to claim or
recover in any legal action or proceeding referred to in this Section any special, exemplary,
punitive or consequential damages.

10.13. Acknowledgments. The Borrower hereby acknowledges that:

(a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Loan Documents;

(b) no Agent or Lender has any fiduciary relationship with or duty to the Borrower arising out
of or in connection with this Agreement or any of the other Loan Documents, and the relationship
between the Agents and Lenders, on one hand, and the Borrower, on the other hand, in connection
herewith or therewith is solely that of debtor and creditor; and

(c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by
virtue of the transactions contemplated hereby among the Lenders or among the Borrower and the
Lenders.

10.14. Releases of Guarantees and Liens.

(a)    Notwithstanding anything to the contrary contained herein or in any other Loan
Document, the Administrative Agent and the Collateral Agent are hereby irrevocably authorized by
each Secured Party (without requirement of notice to or consent of any Secured Party except as
expressly required by Section 10.1) to take any action requested by the Borrower having the effect
of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit
consummation of any transaction not prohibited by any Loan Document or that has been consented to
in accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below.
Any such release of guarantee obligations shall be deemed subject to the provision that such
guarantee obligations shall be reinstated if after such release any portion of any payment in
respect of the Obligations guaranteed thereby shall be rescinded or must otherwise be restored or
returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the
Borrower or any Subsidiary Guarantor, or upon or as a result of the appointment of a receiver,
intervenor or conservator of, or trustee or similar officer for, Borrower or any Subsidiary
Guarantor or any substantial part of its property, or otherwise, all as though such payment had not
been made.

(b) At such time as the Loans, the Obligations (other than obligations under or in respect of
Specified Hedge Agreements) shall have been paid in full and the net termination liability under or
in respect of Specified Hedge Agreements at such time shall have been cash collateralized or paid
in full (or other arrangements reasonably satisfactory to the applicable Qualified Counterparties
shall have been entered into), the Collateral shall be released from the Liens created by the
Security Documents, and the Security Documents and all obligations (other than those expressly
stated to survive such termination) of the Administrative Agent, the Collateral Agent and each Loan
Party under the Security Documents shall terminate, all without delivery of any instrument or
performance of any act by any Person and the Collateral Agent agrees (at the sole cost and expense
of the Borrower) to take such actions as may reasonably be requested by the Borrower to evidence
such release and termination.

10.15. Confidentiality. Each Agent and each Lender agrees to keep confidential all
non-public information provided to it by any Loan Party pursuant to or in connection with this
Agreement that is designated by such Loan Party as confidential; provided that nothing
herein shall prevent any Agent or any Lender from disclosing any such information (a) to any Agent,
any Lender or any Affiliate of any Agent or Lender, (b) subject to an agreement to comply with the
provisions of this Section, to any actual or prospective Lender or Transferee or any direct or
indirect counterparty to any Hedge Agreement (or any professional advisor to such counterparty),
(c) to its employees, directors, agents, attorneys, accountants, auditors (including independent
auditors) and other professional advisors or those of any of its affiliates, (d) upon the request
or demand of any Governmental Authority, (e) in response to any order of any court or other
Governmental Authority or as may otherwise be required pursuant to any Requirement of Law, (f) if
required to do so in connection with any litigation or similar proceeding, (g) that has been
publicly disclosed other than as a result of a breach of this Section 10.15 by the respective Agent
or Lender or any other Person to whom such Agent or Lender, as applicable, has provided such
information as permitted by this Section 10.15, (h) to the National Association of Insurance
Commissioners or any similar organization or any nationally recognized rating agency that requires
access to information about a Lender’s investment portfolio in connection with ratings issued with
respect to such Lender, or (i) in connection with the exercise of any remedy hereunder or under any
other Loan Document.

10.16. WAIVERS OF JURY TRIAL. THE BORROWER, THE AGENTS AND THE LENDERS HEREBY
IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

10.17. USA PATRIOT Act. Each Lender hereby notifies the Borrower that pursuant to the
requirements of the USA PATRIOT Act (Title III of Publ. L. 107-56 (signed into law October 26,
2001)), (the “Patriot Act”), it is required to obtain, verify and record information that
identifies the Borrower, which information includes the name and address of the Borrower and other
information that will allow such Lender to identify the Borrower in accordance with the Patriot
Act. The Borrower shall, promptly upon the reasonable request of the Administrative Agent or any
Lender, provide all documentation and other information reasonably requested in order to comply
with their respective ongoing obligations under applicable “know your customers” and anti-money
laundering rules and regulations, including the Patriot Act.

10.18. Amendment and Restatement. It is the intention of each of the parties hereto
that the Original Credit Agreement be amended and restated in its entirety pursuant to this
Agreement so as to preserve the perfection and priority of all security interests securing
indebtedness and obligations under the Original Credit Agreement and that all Indebtedness and
Obligations of the Borrower and the Subsidiary Guarantors hereunder and under the other Loan
Documents shall be secured by the liens and security interests evidenced under the Loan Documents
and that this Agreement does not constitute a novation or termination of the obligations and
liabilities existing under the Original Credit Agreement (or serve to terminate Sections 3.10, 9.7
and 10.5 of the Original Credit Agreement or any of Borrower’s obligations thereunder with respect
to the Existing Agent or the Existing Lenders). The parties hereto further acknowledge and agree
that this Agreement constitutes an amendment of the Original Credit Agreement made under and in
accordance with the terms of Section 10.1 of the Original Credit Agreement. In addition, unless
specifically amended hereby, each of the Loan Documents shall continue in full force and effect.
This Agreement restates and replaces, in its entirety, the Original Credit Agreement; from and
after the Restatement Date, any reference in any of the other Loan Documents to the “Credit
Agreement” shall be deemed to refer to this Agreement.

10.19. Headings. Section headings herein are included herein for convenience of
reference only and shall not constitute a part hereof for any other purpose or be given any
substantive effect or otherwise affect the meaning or interpretation of this Agreement or any
provision hereof.

[Remainder of this page intentionally left blank]IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be duly executed and delivered by their proper and duly authorized
officers as of the day and year first above written.

CKX, INC.

By: /s/ Thomas P. Benson

Name: Thomas P. Benson

Title: Executive Vice President, Chief Financial

Officer and Treasurer

JPMORGAN CHASE BANK, N.A., as Administrative Agent,

Collateral Agent and a Lender

	 	 	 
	By:/s/ Peter B. Thauer

	 

	Name: Peter B. Thauer

	Title:

	 	Executive Director

	 	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender

	 	 	 
	By: /s/ Susan LeFevre

	 

	Name: Susan LeFevre

	Title:

	 	Managing Director

	 	 	 
	 	 	By:/s/ Evelyn Thierry
	 	 	Name: Evelyn Thierry
	 	 	Title: Director

	 	 	 
	 	 	UBS LOAN FINANCE LLC, as a Lender
	 	 	By:/s/ Irja R. Otsa
	 	 	Name: Irja R. Otsa
	 	 	Title: Associate Director

	 	 	 
	 	 	By:/s/ Mary E. Evans
	 	 	Name: Mary E. Evans
	 	 	Title: Associate Director
	 	 	BENTHAM WHOLESALE SYNDICATED LOAN FUND, as a Lender

By: Credit Suisse Asset Management, LLC, as Agent
(sub-advisor) to Challenger Investment Management
Services, Limited, the Responsible Entity for Bentham
Wholesale Syndicated Loan Fund

	 	 	 
	By: /s/ Thomas Flannery

	 

	Name: Thomas Flannery

	Title:

	 	Authorized Signatory

	 	 	CSAM FUNDING I, as a Lender

	 	 	 
	By: /s/ Thomas Flannery

	 

	Name: Thomas Flannery

	Title:

	 	Authorized Signatory

	 	 	MADISON PARK FUNDING V, LTD., as a Lender

By: Credit Suisse Asset Management, LLC, as
collateral manager

	 	 	 
	By: /s/ Thomas Flannery

	 

	Name: Thomas Flannery

	Title:

	 	Authorized Signatory

	 	 	MADISON PARK FUNDING VI, LTD., as a Lender

By: Credit Suisse Asset Management, LLC, as
collateral manager

By: /s/ Thomas Flannery

Name: Thomas Flannery

Title: Authorized Signatory

Annex I

New Commitments

	 	 	 	 	 
	Name of Lender	 	New Commitment
	JPMorgan Chase Bank, N.A.
	 	$	6,500,000.00	 
	 
	 	 	 	 
	Deutsche Bank Trust Company Americas
	 	$	83,333.33	 
	 
	 	 	 	 
	UBS Loan Finance LLC
	 	$	83,333.33	 
	 
	 	 	 	 
	Total:
	 	$	6,666,666.66	 
	 
	 	 	 	 

1

Annex II

Rollover Commitments

	 	 	 	 	 
	Name of Lender	 	Rollover Commitment
	JPMorgan Chase Bank, N.A.
	 	$	20,000,000.00	 
	 
	 	 	 	 
	Deutsche Bank Trust Company Americas
	 	$	16,666,666.67	 
	 
	 	 	 	 
	UBS Loan Finance LLC
	 	$	6,666,666.67	 
	 
	 	 	 	 
	Bentham Wholesale Syndicated Loan Fund
	 	$	2,666,666.67	 
	 
	 	 	 	 
	CSAM Funding I
	 	$	2,666,666.67	 
	 
	 	 	 	 
	Madison Park Funding V, Ltd.
	 	$	2,333,333.33	 
	 
	 	 	 	 
	Madison Park Funding VI, Ltd.
	 	$	2,333,333.33	 
	 
	 	 	 	 
	Total:
	 	$	53,333,333.34	 
	 
	 	 	 	 

SCHEDULE 4.1

CONTINGENT LIABILITIES

Pursuant to that certain Agreement, dated as of April 10, 2006 (as in effect on the date hereof),
by and among G.O.A.T., Inc., The Muhammad Ali Family Trust, Muhammad Ali and Yolanda Ali, CKX, Inc.
and GOAT Acquisition, Inc., the Borrower has agreed to execute a guarantee regarding the
satisfaction of all of the obligations of Muhammad Ali Enterprises, LLC (f/k/a G.O.A.T., LLC) to
The Muhammad Ali Family Trust, Muhammad Ali and Yolanda Ali under the GOAT Operating Agreement.

Pursuant to that certain Limited Liability Company Operating Agreement of Big Red 2 Entertainment
LLC, dated April 12, 2010, the Borrower has agreed to guarantee the funding obligations of 19
Entertainment Worldwide LLC.

Pursuant to that certain Joint Venture Agreement relating to the operation of Storm Model
Management Limited, dated as of 6 August 2009, the Borrower has agreed to guarantee the performance
of obligations of an assignee with respect to the put and call options described therein.

2

SCHEDULE 4.3

GROUP MEMBERS NOT IN GOOD STANDING

All Girl Productions

Craft Manor Apartments, Inc.

Elvis Anthology, LLC

StepTeco, Inc.

SCHEDULE 4.4

CONSENTS, AUTHORIZATIONS, FILINGS AND NOTICES

Filing of a Current Report on Form 8-K with the Securities and Exchange Commission pursuant to the
Securities Exchange Act of 1934, as amended, will be made following execution of this Agreement.

3

SCHEDULE 4.13

ERISA

G.O.A.T., Inc. terminated the G.O.A.T., Inc. Defined Benefit Pension Plan in a standard termination
in 2006.

4

SCHEDULE 4.15

SUBSIDIARIES

	 	 	 	 	 
	Subsidiary
	 	Jurisdiction of

Organization or

Formation
	 	% of each class of capital stock

owned directly or indirectly by a loan

party

	 
	 	 
	 	 

	EPE Holding Corporation
	 	Delaware
	 	Common Stock: 100% owned by CKX, Inc.

	 
	 	 
	 	 

	Elvis Presley Enterprises, LLC
	 	Delaware
	 	Class A Membership Interests: 100%

owned by EPE Holding Corporation

	 
	 	 
	 	 

	Elvis Presley Enterprises, Inc.
	 	Tennessee
	 	Common Stock: 85% owned by EPE Holding

Corporation

Series A Preferred Shares: 100% owned

by EPE Holding Corporation

	 
	 	 
	 	 

	Elvis Presley’s Memphis, LLC
	 	Tennessee
	 	Membership Interest: 85% owned

indirectly by EPE Holding Corporation

	 
	 	 
	 	 

	Elvis Anthology, LLC
	 	Tennessee
	 	Membership Interest: 85% owned

indirectly by EPE Holding Corporation

	 
	 	 
	 	 

	Meadow Oaks Apartments, Inc.
	 	Tennessee
	 	Common Stock: 85% owned indirectly by

EPE Holding Corporation

	 
	 	 
	 	 

	Elvis Presley’s Heartbreak

Hotel, LLC
	 	Tennessee
	 	Membership Interest: 85% owned

indirectly by EPE Holding Corporation

	 
	 	 
	 	 

	Velvet Elvis, Inc.
	 	New York
	 	Common Stock: 85% owned indirectly by

EPE Holding Corporation

	 
	 	 
	 	 

	Erama Resolution Corp.
	 	Delaware
	 	Common Stock: 85% owned indirectly by

EPE Holding Corporation

	 
	 	 
	 	 

	Memphis-Graceland RV Park &

Campground, LLC
	 	Tennessee
	 	Membership Interest: 85% owned

indirectly by EPE Holding Corporation

	 
	 	 
	 	 

	Craft Manor Apartments, Inc.
	 	Tennessee
	 	Membership Interest: 85% owned

indirectly by EPE Holding Corporation

	 
	 	 
	 	 

	Elvis Music, Inc.
	 	New York
	 	Common Stock: 63.75% owned indirectly

by EPE Holding Corporation

	 
	 	 
	 	 

	White Haven Music, Inc.
	 	New York
	 	Common Stock: 63.75% owned indirectly

by EPE Holding Corporation

	 
	 	 
	 	 

	EPE LV, LLC
	 	Delaware
	 	Common Stock: 85% owned indirectly by

EPE Holding Corporation

	 
	 	 
	 	 

	Elvis Viva, LLC
	 	Delaware
	 	Membership Interest: 85% owned

indirectly by EPE Holding Corporation

	 
	 	 
	 	 

	CKX G.O.A.T. Holding Corp.
	 	Delaware
	 	Common Stock: 100% owned by CKX, Inc.

	 
	 	 
	 	 

	G.O.A.T., Inc.
	 	Virginia
	 	Common Stock: 100% owned by CKX

G.O.A.T. Holding Corp.

	 
	 	 
	 	 

	Muhammad Ali Enterprises, LLC
	 	California
	 	Membership Interests: 80% owned

indirectly by CKX, Inc.

	 
	 	 
	 	 

	Ali.com LLC
	 	Delaware
	 	Membership Interests: 80% owned

indirectly by CKX, Inc.

	 
	 	 
	 	 

	Muhammad Ali Images, Inc.
	 	New York
	 	Membership Interests: 80% owned

indirectly by CKX, Inc.

	 
	 	 
	 	 

	Morra, Brezner, Steinberg &

Tenenbaum Entertainment, Inc.
	 	California

	 	Common Stock: 100% owned by CKX, Inc.

	 
	 	 
	 	 

	Uncle Dave’s Boondoggle, Inc.
	 	California
	 	Common Stock: 100% owned by Morra,

Brezner, Steinberg & Tennenbaum

Entertainment, Inc.

	 
	 	 
	 	 

	Focus Enterprises, Inc.
	 	California
	 	Common Stock: 100% owned by CKX, Inc.

	 
	 	 
	 	 

	StepTeco, Inc.
	 	California
	 	Common Stock: 100% owned by Focus

Enterprises, Inc.

	 
	 	 
	 	 

	CKX UK Holdings Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by CKX, Inc.

	 
	 	 
	 	 

	19 Entertainment Limited
	 	England & Wales
	 	100% Ordinary Shares and 100%

Non-voting Shares owned by CKX UK

Holdings Limited

	 
	 	 
	 	 

	19 Productions Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	19 Touring Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	19 Recordings Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	19 Brands Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	19 Merchandising Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	19 Touring GmbH
	 	Germany
	 	Share Capital: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	Shy Records Limited
	 	England & Wales
	 	Ordinary Shares: 75% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	Double Vision Film Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Productions Limited

	 
	 	 
	 	 

	19 Artist Tours Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Touring Limited

	 
	 	 
	 	 

	19 Entertainment, Inc.
	 	New York
	 	Common Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	19 TV Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	19 Management Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	19 Loves Music Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	19 Entertainment GmbH
	 	Germany
	 	Share Capital: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	Brilliant 19 Limited
	 	England & Wales
	 	Ordinary Shares: 75% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	Freedom Media Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	Freedom TV Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by Freedom

Media Limited

	 
	 	 
	 	 

	On the Road Productions
	 	California
	 	Common Stock: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	All Girl Productions
	 	California
	 	Common Stock: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	19 Touring LLC
	 	Delaware
	 	Membership Units: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	Dance Nation Productions Inc.
	 	Delaware
	 	Common Shares: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	Southside Productions Inc.
	 	Delaware
	 	Common Shares: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	19 Recording Services, Inc.
	 	Delaware
	 	Common Shares: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	19 Recordings, Inc.
	 	New York
	 	Common Shares: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	J2K Productions, Inc.
	 	California
	 	Common Stock: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	This Land Productions, Inc.
	 	Delaware
	 	Common Stock: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	CTA Productions, Inc.
	 	Delaware
	 	Common Stock: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	Masters of Dance Productions Inc.
	 	Delaware
	 	Common Stock: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	SYTYCD DVD Productions Inc.
	 	Delaware
	 	Common Stock: 100% owned by 19

Entertainment, Inc.

	 
	 	 
	 	 

	IICD LLC
	 	Delaware
	 	Membership Interests: 100% owned by On

the Road Productions

	 
	 	 
	 	 

	Native Management Limited
	 	England & Wales
	 	Ordinary Shares: 100% owned by 19

Entertainment Limited

	 
	 	 
	 	 

	Native Songs Limited
	 	England & Wales
	 	Ordinary Shares: 100% indirectly owned

by 19 Entertainment Limited

	 
	 	 
	 	 

	19 Entertainment Worldwide LLC
	 	Delaware
	 	Membership Interests: 100% owned by

CKX, Inc.

	 
	 	 
	 	 

	The Comedy Hall of Fame, LLC
	 	Delaware
	 	Membership Interests: 100% owned by

CKX, Inc.

	 
	 	 
	 	 

	CKX Holding Corp.
	 	Delaware
	 	Common Stock: 100% owned by CKX, Inc.

	 
	 	 
	 	 

	Storm Model Management Ltd.
	 	England & Wales
	 	Ordinary Shares: 51% owned by CKX UK

Holdings Limited

	 
	 	 
	 	 

	Storm Artists Management Limited
	 	England & Wales
	 	Ordinary Shares: 51% indirectly owned

by CKX UK Holdings Limited

	 
	 	 
	 	 

	Storm Model Management (Pty)

Limited
	 	South Africa
	 	Ordinary Shares: 34.17% indirectly

owned by CKX UK Holdings Limited

	 
	 	 
	 	 

5

Outstanding Subscriptions, Options, Warrants, Calls, Rights or Other Agreements or
Commitments of any nature relating to any Capital Stock of the Borrower or any Subsidiary

Subscriptions

	 	•	 	None

Options

	 	•	 	None.

Warrants

	 	•	 	None.

Calls/Redemption Rights

	 	•	 	During the period beginning August 7, 2012 and ending August 7, 2013, the Borrower can,
at its sole discretion, redeem the outstanding shares of its Series B Convertible Preferred
Stock, in whole or in part, for an aggregate price equal to the stated value plus accrued
but unpaid dividends through the date of redemption.

	 	•	 	Rights of CKX UK Holdings Limited to require Sarah Noelle Doukas and Simon John Chambers
to sell at market value thereof all of the ordinary shares of Storm Model Management
Limited held by Ms. Doukas and Mr. Chambers during two separate 20 business day periods in
2015, pursuant to that certain Joint Venture Agreement, dated as of August 6, 2009.

Puts

	 	•	 	Rights of The Promenade Trust to require EPE Holding Corporation to purchase at the fair
market value thereof all or a portion of the Series B Preferred Shares and the Common
Shares of Elvis Presley Enterprises, Inc. that it owns, pursuant to that certain
Shareholders Agreement, dated as of February 7, 2005.

	 	•	 	Rights of The Promenade Trust to require EPE Holding Corporation to purchase at the fair
market value thereof all or a portion of the Series B membership interests of Elvis Presley
Enterprises, LLC that it owns, pursuant to that certain Amended and Restated Operating
Agreement of Elvis Presley Enterprises, LLC, dated as of February 7, 2005.

	 	•	 	Rights of the Muhammad Ali Family Trust and certain of its permitted transferees to
require CKX G.O.A.T. Holding Corp. and/or G.O.A.T., Inc. to purchase at the fair market
value thereof all of the membership interests of G.O.A.T., LLC that they own, pursuant to
that certain Operating Agreement of G.O.A.T., LLC, as amended by Schedule 6 to that certain
Agreement dated April 10, 2006 by and among G.O.A.T., Inc., The Muhammad Ali Family Trust,
Muhammad Ali and Yolanda Ali, CKX, Inc. and GOAT Acquisition, Inc.

	 	•	 	Rights of Sarah Noelle Doukas and Simon John Chambers to require CKX UK Holdings Limited
to purchase at the market value thereof all of the ordinary shares of Storm Model
Management Limited that they own during a 20 business day period in 2015, pursuant to that
certain Joint Venture Agreement, dated as of August 6, 2009.

Rights

	 	•	 	On June 23, 2010, the Board of Directors of the Borrower adopted a “poison pill”
Stockholders Rights Plan which provided a dividend of one preferred share purchase right to
each outstanding share of common stock of the Borrower.

Other Agreements or Commitments

	 	•	 	The Promenade Trust has a right of first refusal, pursuant to that certain Shareholders
Agreement, dated as of February 7, 2005, with respect to certain transfers of the Series A
Preferred Shares of Elvis Presley Enterprises, Inc. owned by EPE Holding Corporation, which
it may exercise with respect to all or a portion of such shares.

	 	•	 	The Promenade Trust has pre-emptive rights with respect to future issuances of
membership interests in Elvis Presley Enterprises, LLC.

	 	•	 	The Promenade Trust has a right of first refusal, pursuant to that certain Amended and
Restated Operating Agreement of Elvis Presley Enterprises, LLC, dated as of February 7,
2005, with respect to certain transfers of the Series A membership interests of Elvis
Presley Enterprises, LLC owned by EPE Holding Corporation, which it may exercise with
respect to all or a portion of such shares.

6

SCHEDULE 4.19

FILING JURISDICTIONS

	 	 	 
	Entity	 	Filing Offices
	CKX, Inc.

	 	Delaware SOS
	 

	 	 
	EPE Holding Corporation

	 	Delaware SOS
	 

	 	 
	CKX G.O.A.T. Holding Corp.

	 	Delaware SOS
	 

	 	 
	G.O.A.T., Inc.

	 	Virginia SOS
	 

	 	 
	Morra, Brezner, Steinberg & Tenenbaum Entertainment,

Inc.

	 	California SOS

	 

	 	 
	Uncle Dave’s Boondoggle, Inc.

	 	California SOS
	 

	 	 
	Focus Enterprises, Inc.

	 	California SOS
	 

	 	 
	StepTeco, Inc.

	 	California SOS
	 

	 	 
	19 Entertainment, Inc.

	 	New York SOS
	 

	 	 
	On The Road Productions

	 	California SOS
	 

	 	 
	All Girl Productions

	 	California SOS
	 

	 	 
	19 Touring LLC

	 	Delaware SOS
	 

	 	 
	Dance Nation Productions Inc.

	 	Delaware SOS
	 

	 	 
	Southside Productions Inc.

	 	Delaware SOS
	 

	 	 
	19 Recording Services, Inc.

	 	Delaware SOS
	 

	 	 
	19 Recordings, Inc.

	 	New York SOS
	 

	 	 
	J2K Productions, Inc.

	 	California SOS
	 

	 	 
	IICD LLC

	 	Delaware SOS
	 

	 	 
	This Land Productions, Inc.

	 	Delaware SOS
	 

	 	 
	CTA Productions, Inc.

	 	Delaware SOS
	 

	 	 
	Masters of Dance Productions, Inc.

	 	Delaware SOS
	 

	 	 
	SYTYCD DVD Productions, Inc.

	 	Delaware SOS
	 

	 	 
	CKX Holding Corp.

	 	Delaware SOS
	 

	 	 
	The Comedy Hall of Fame, LLC

	 	Delaware SOS
	 

	 	 
	19 Entertainment Worldwide, LLC

	 	Delaware SOS
	 

	 	 
	19 Artist Tours limited

	 	District of Columbia ROD
	 

	 	 
	19 Brands Limited

	 	District of Columbia ROD
	 

	 	 
	19 Entertainment Limited

	 	District of Columbia ROD
	 

	 	 
	19 Loves Music Limited

	 	District of Columbia ROD
	 

	 	 
	19 Management Limited

	 	District of Columbia ROD
	 

	 	 
	19 Merchandising Limited

	 	District of Columbia ROD
	 

	 	 
	19 Productions Limited

	 	District of Columbia ROD
	 

	 	 
	19 Recordings Limited

	 	District of Columbia ROD
	 

	 	 
	19 Touring Limited

	 	District of Columbia ROD
	 

	 	 
	19 TV Limited

	 	District of Columbia ROD
	 

	 	 
	CKX UK Holdings Limited

	 	District of Columbia ROD
	 

	 	 
	Native Management Limited

	 	District of Columbia ROD
	 

	 	 
	Native Songs Limited

	 	District of Columbia ROD
	 

	 	 
	Double Vision Film Limited

	 	District of Columbia ROD
	 

	 	 
	Freedom Media Limited

	 	District of Columbia ROD
	 

	 	 
	Freedom TV Limited

	 	District of Columbia ROD
	 

	 	 

A Form MGO1 will need to be filed with the Registrar of Companies at Companies House in England in
respect of any of the following sixteen entities which are registered in England or Wales who
create a charge or mortgage requiring registration under the English law Companies Act 2006:

	 	 	 
	1. CKX UK Holdings Limited

2. 19 Entertainment

Limited

3. 19 Productions Limited

4. 19 Touring Limited

5. 19 Recordings Limited

6. 19 Brands Limited

7. 19 Merchandising

Limited

8. 19 Artist Tours Limited

	 	9. 19 TV Limited

10. 19 Management Limited

11. 19 Loves Music Limited

12. Native Management Limited

13. Native Songs Limited

14. Freedom Media Limited

15. Freedom TV Limited

16. Double Vision Film Limited

The IP Assignment and Assumption Agreement and the Supplement No. 1 to the Trademark Security
Agreement will need to be filed with the United States Patent and Trademark Office.

The IP Assignment and Assumption Agreement and the Supplement No. 1 to the Copyright Security
Agreement will need to be filed with the United States Copyright Office (Library of Congress).

7

SCHEDULE 6.13(b)

COPYRIGHT FILINGS AND REGISTRATIONS

Part I

Owner: FremantleMedia North America, Inc.

	 	 	 	 	 	 	 
	 	 	 	 	Title
	 	Registration No.

Registration Date

	 	 	 	 	 
	 	 

	 	1.	 	 	American Idol : 823/824.
	 	PA0001636049 2009-06-24

	 	 	 	 	 
	 	 

	 	2.	 	 	American Idol : 823A/824A.
	 	PA0001636046 2009-06-24

	 	 	 	 	 
	 	 

	 	3.	 	 	American Idol : 825/826.
	 	PA0001636045 2009-06-24

	 	 	 	 	 
	 	 

	 	4.	 	 	American Idol : 825A/826A.
	 	PA0001636043 2009-06-24

	 	 	 	 	 
	 	 

	 	5.	 	 	American Idol : 827.
	 	PA0001636035 2009-06-24

	 	 	 	 	 
	 	 

	 	6.	 	 	American Idol : 827A.
	 	PA0001636041 2009-06-24

	 	 	 	 	 
	 	 

	 	7.	 	 	American Idol : 828.
	 	PA0001636036 2009-06-24

	 	 	 	 	 
	 	 

	 	8.	 	 	American Idol : 828A.
	 	PA0001636072 2009-06-24

	 	 	 	 	 
	 	 

	 	9.	 	 	American Idol : 829.
	 	PA0001636040 2009-06-24

	 	 	 	 	 
	 	 

	 	10.	 	 	American Idol : 829A.
	 	PA0001636037 2009-06-24

	 	 	 	 	 
	 	 

	 	11.	 	 	American Idol : 830.
	 	PA0001636075 2009-06-24

	 	 	 	 	 
	 	 

	 	12.	 	 	American Idol : 830A.
	 	PA0001636039 2009-06-24

	 	 	 	 	 
	 	 

	 	13.	 	 	American Idol : 831.
	 	PA0001636069 2009-06-24

	 	 	 	 	 
	 	 

	 	14.	 	 	American Idol : 831A.
	 	PA0001636038 2009-06-24

	 	 	 	 	 
	 	 

	 	15.	 	 	American Idol : 832.
	 	PA0001636074 2009-06-24

	 	 	 	 	 
	 	 

	 	16.	 	 	American Idol : 832A.
	 	PA0001636073 2009-06-24

	 	 	 	 	 
	 	 

	 	17.	 	 	American Idol : 833.
	 	PA0001636077 2009-06-24

	 	 	 	 	 
	 	 

	 	18.	 	 	American Idol : 833A.
	 	PA0001636070 2009-06-24

	 	 	 	 	 
	 	 

	 	19.	 	 	American Idol : 834.
	 	PA0001636076 2009-06-24

	 	 	 	 	 
	 	 

	 	20.	 	 	American Idol : 834A, Part 1 and 2.
	 	PA0001636080 2009-06-24

	 	 	 	 	 
	 	 

Owner: Dick Clark Productions, Inc.

	 	 	 	 	 	 	 
	 	 	 	 	Title

	 	Registration No.

Registration Date
	 	 	 	 	 

	 	 
	 	1.	 	 	So you think you can dance : no. 101 & 102 / directed by Nigel

Lythgoe .

	 	PA0001258519

2005-10-17
	 	 	 	 	 

	 	 
	 	2.	 	 	So you think you can dance : no. 103 / directed by Nigel

Lythgoe .

	 	PA0001258518

2005-10-17
	 	 	 	 	 

	 	 
	 	3.	 	 	So you think you can dance : no. 104 / directed by Nigel

Lythgoe.

	 	PA0001258516

2005-10-17
	 	 	 	 	 

	 	 
	 	4.	 	 	So you think you can dance : no. 105 / directed by Nigel

Lythgoe .

	 	PA0001258515

2005-10-17
	 	 	 	 	 

	 	 
	 	5.	 	 	So you think you can dance : no. 106 & 107 / directed by Bruce

Gowers .

	 	PA0001258517

2005-10-17
	 	 	 	 	 

	 	 
	 	6.	 	 	So you think you can dance : no. 108 / directed by Don Weiner.

	 	PA0001258512

2005-10-17
	 	 	 	 	 

	 	 
	 	7.	 	 	So you think you can dance : no. 109 / directed by Don Weiner .

	 	PA0001258514

2005-10-17
	 	 	 	 	 

	 	 
	 	8.	 	 	So you think you can dance : no. 110 / directed by Don Weiner .

	 	PA0001258521

2005-10-17
	 	 	 	 	 

	 	 
	 	9.	 	 	So you think you can dance / directed by Don Weiner.

	 	PA0001258522

2005-10-17
	 	 	 	 	 

	 	 
	 	10.	 	 	So you think you can dance : no. 112 / directed by Don Weiner .

	 	PA0001258513

2005-10-17
	 	 	 	 	 

	 	 
	 	11.	 	 	So you think you can dance : no. 113 / directed by Don Weiner .

	 	PA0001258520

2005-10-17
	 	 	 	 	 

	 	 
	 	12.	 	 	So you think you can dance : no. 114 / directed by Don Weiner.

	 	PA0001258842

2005-10-31
	 	 	 	 	 

	 	 
	 	13.	 	 	So You Think You Can Dance : Season 7 : 701/702.

	 	PA0001708254

2010-10-27
	 	 	 	 	 

	 	 
	 	14.	 	 	So You Think You Can Dance : Season 7 : 703/704.

	 	PA0001708248

2010-10-27
	 	 	 	 	 

	 	 
	 	15.	 	 	So You Think You Can Dance : Season 7 : 705/706.

	 	PA0001708259

2010-10-27
	 	 	 	 	 

	 	 
	 	16.	 	 	So You Think You Can Dance : Season 7 : 707/708.

	 	PA0001708256

2010-10-27
	 	 	 	 	 

	 	 
	 	17.	 	 	So You Think You Can Dance.

[“So You Think You Can Dance” Episode 712/713]

	 	PA0001708251

2010-10-27
	 	 	 	 	 

	 	 
	 	18.	 	 	So You Think You Can Dance : Season 7.

	 	PA0001708250

2010-10-27
	 	 	 	 	 

	 	 
	 	19.	 	 	So You Think You Can Dance : Season 7 : 712/713A.

	 	PA0001708247

2010-10-27
	 	 	 	 	 

	 	 
	 	20.	 	 	So You Think You Can Dance : Season 7 : 714/715.

	 	PA0001708244

2010-10-27
	 	 	 	 	 

	 	 
	 	21.	 	 	So You Think You Can Dance : Season 7 : 714/715A.

	 	PA0001708238

2010-10-27
	 	 	 	 	 

	 	 
	 	22.	 	 	“So You Think You Can Dance” : 716/717.

	 	PA0001707104

2010-10-27
	 	 	 	 	 

	 	 
	 	23.	 	 	“So You Think You Can Dance” : 716/717A.

	 	PA0001706592

2010-10-27
	 	 	 	 	 

	 	 
	 	24.	 	 	“So You Think You Can Dance” : 718/719.

	 	PA0001706620

2010-10-27
	 	 	 	 	 

	 	 
	 	25.	 	 	“So You Think You Can Dance” : 718/719A.

	 	PA0001706603

2010-10-27
	 	 	 	 	 

	 	 
	 	26.	 	 	“So You Think You Can Dance” : 720/721.

	 	PA0001707103

2010-10-27
	 	 	 	 	 

	 	 
	 	27.	 	 	“So You Think You Can Dance” : 720/721A.

	 	PA0001706617

2010-10-27
	 	 	 	 	 

	 	 
	 	28.	 	 	“So You Think You Can Dance” : 722/723.

	 	PA0001706969

2010-10-27
	 	 	 	 	 

	 	 
	 	29.	 	 	“So You Think You Can Dance” : 722/723A.

	 	PA0001706820

2010-10-27
	 	 	 	 	 

	 	 
	 	30.	 	 	“So You Think You Can Dance” : 724/725.

	 	PA0001706810

2010-10-27
	 	 	 	 	 

	 	 
	 	31.	 	 	“So You Think You Can Dance” : 724/725A.

	 	PA0001706811

2010-10-27
	 	 	 	 	 

	 	 
	 	32.	 	 	“So You Think You Can Dance” : 726/727.

	 	PA0001706818

2010-10-27
	 	 	 	 	 

	 	 
	 	33.	 	 	“So You Think You Can Dance” : 726/727A.

	 	PA0001706813

2010-10-27
	 	 	 	 	 

	 	 

Part II

        .

	 	 	 	 	 	 	 
	 	 	 	 	Title
	 	Registration No.

Registration Date

	 	 	 	 	 
	 	 

	 	1.	 	 	American idol : no. 101 / directed by Andy Scheer.
	 	PA0001148578

2002-10-21

	 	 	 	 	 
	 	 

	 	2.	 	 	American idol : no. 102 / directed by Bruce Gowers.
	 	PA0001148629

2003-06-09

	 	 	 	 	 
	 	 

	 	3.	 	 	American idol : no. 103 / directed by Bruce Gowers.
	 	PA0001116315

2002-10-21

	 	 	 	 	 
	 	 

	 	4.	 	 	American idol : no. 103A / directed by Bruce Gowers.
	 	PA0001116314

2002-10-21

	 	 	 	 	 
	 	 

	 	5.	 	 	American idol : no. 104 / directed by Bruce Gowers.
	 	PA0001148610

2002-10-21

	 	 	 	 	 
	 	 

	 	6.	 	 	American idol : no. 104A / directed by Bruce Gowers.
	 	PA0001148618

2002-10-21

	 	 	 	 	 
	 	 

	 	7.	 	 	American idol : no. 105 / directed by Bruce Gowers.
	 	PA0001113201

2002-10-21

	 	 	 	 	 
	 	 

	 	8.	 	 	American idol : no. 105A / directed by Bruce Gowers.
	 	PA0001148619

2002-10-21

	 	 	 	 	 
	 	 

	 	9.	 	 	American idol : no. 105B / directed by Bruce Gowers.
	 	PA0001148609

2002-10-21

	 	 	 	 	 
	 	 

	 	10.	 	 	American idol : no. 106, pt. 1 / directed by Bruce Gowers.
	 	PA0001148614

2002-10-21

	 	 	 	 	 
	 	 

	 	11.	 	 	American idol : no. 106, pt. 2 / directed by Bruce Gowers.
	 	PA0001148616

2002-10-21

	 	 	 	 	 
	 	 

	 	12.	 	 	American idol : no. 106A / directed by Bruce Gowers.
	 	PA0001148617

2002-10-21

	 	 	 	 	 
	 	 

	 	13.	 	 	American idol : no. 107 / directed by Bruce Gowers.
	 	PA0001148613

2002-10-21

	 	 	 	 	 
	 	 

	 	14.	 	 	American idol : no. 107A / directed by Bruce Gowers.
	 	PA0001148615

2002-10-21

	 	 	 	 	 
	 	 

	 	15.	 	 	American idol : no. 108 / directed by Bruce Gowers.
	 	PA0001148621

2002-10-21

	 	 	 	 	 
	 	 

	 	16.	 	 	American idol : no. 108A / directed by Bruce Gowers.
	 	PA0001148611

2002-10-21

	 	 	 	 	 
	 	 

	 	17.	 	 	American idol : no. 109 / directed by Bruce Gowers.
	 	PA0001148622

2002-10-21

	 	 	 	 	 
	 	 

	 	18.	 	 	American idol : no. 109A / directed by Bruce Gowers.
	 	PA0001148608

2002-10-21

	 	 	 	 	 
	 	 

	 	19.	 	 	American idol : no. 110 / directed by Bruce Gowers.
	 	PA0001148612

2002-10-21

	 	 	 	 	 
	 	 

	 	20.	 	 	American idol : no. 110A / directed by Bruce Gowers.
	 	PA0001148628

2002-10-21

	 	 	 	 	 
	 	 

	 	21.	 	 	American idol : no. 111 / directed by Bruce Gowers.
	 	PA0001148630

2002-10-21

	 	 	 	 	 
	 	 

	 	22.	 	 	American idol : no. 111A / directed by Bruce Gowers.
	 	PA0001148625

2002-10-21

	 	 	 	 	 
	 	 

	 	23.	 	 	American idol : no. 112 / directed by Bruce Gowers.
	 	PA0001148626

2002-10-21

	 	 	 	 	 
	 	 

	 	24.	 	 	American idol : no. 112A / directed by Bruce Gowers.
	 	PA0001148620

2002-10-21

	 	 	 	 	 
	 	 

	 	25.	 	 	American idol : no. 113 / directed by Bruce Gowers.
	 	PA0001148624

2002-10-21

	 	 	 	 	 
	 	 

	 	26.	 	 	American idol : no. 114, pt. 1 / directed by Bruce Gowers.
	 	PA0001148623

2002-10-21

	 	 	 	 	 
	 	 

	 	27.	 	 	American idol : no. 114, pt. 2 / directed by Bruce Gowers.
	 	PA0001148627

2002-10-21

	 	 	 	 	 
	 	 

8

SCHEDULE 6.13(d)

SHARE CERTIFICATES

	 	 	 	 	 	 	 	 	 
	Pledgor/Chargor	 	Issuer	 	Number of Shares
	Native Management Limited
	 	Ambush Management Limited	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	Native Management Limited
	 	TLS Management Limited	 	 	50	 
	 
	 	 	 	 	 	 	 	 
	Native Management Limited
	 	Native Songs Limited	 	 	2	 
	 
	 	 	 	 	 	 	 	 
	19 Entertainment Limited
	 	Freedom Media Limited	 	 	776,584	 
	 
	 	 	 	 	 	 	 	 
	CKX UK Holdings Limited
	 	Storm Model Management Limited	 	 	255	 
	 
	 	 	 	 	 	 	 	 

9

SCHEDULE 7.2(d)

PERMITTED INDEBTEDNESS

$1,129,226.80 Promissory Note by Elvis Presley Enterprises, Inc. to Priscilla Presley dated as of
July 13, 2009

£500,000 foreign exchange line maintained with National Westminster Bank plc, with a £500,000 Daily
settlement limit to run alongside the foreign exchange line.

£350,000 foreign cheque negotiations limit maintained with National Westminster Bank plc

10

SCHEDULE 7.3(f)

PERMITTED LIENS

Lien on certain equipment, including Avaya, Inc. Definity systems held by CIT Communications
Finance Corporation  (Elvis Presley Enterprises, Inc.), which is the telephone system in place at
Elvis Presley Enterprises, Inc., which is leased

Lien on certain keycards, buzzers, and other equipment installed at Heartbreak Hotel 3677 Elvis
Presley Boulevard held by Telerent Leasing Corporation (Elvis Presley’s Heartbreak Hotel, LLC)

Lien on certain fixtures held by BJHA LLC (Elvis Presley Enterprises, Inc.)

Debenture between Popworld Limited and NatWest dated 24 October 2001

A Charge and Deed of Assignment dated 31 March 2003 and made between Double Vision Film Limited and
Columbia Tristar Home Entertainment Inc.

A Security Deposit Agreement and Charge on Cash Deposit dated 29 May 2003 and made between Double
Vision Film Limited and The Governor and Company of the Bank of Scotland

A Charge over Cash Deposit dated 29 March 2003 and made between Double Vision Film Limited and
Sovereign Finance Plc

A Letter of Pledge, dated 19 October 2004 and made between Freedom Media Ltd in favour of the
Governor and Company of the Bank of Scotland.

11

SCHEDULE 7.10

AFFILIATE TRANSACTIONS

Services and compensation due to Lisa Marie Presley (“LMP”) pursuant to that certain letter
agreement dated as of February 7, 2005, by and between EPE Holding Corporation and LMP regarding
the employment of LMP

$1,129,226.80 Promissory Note dated July 13, 2009 by Elvis Presley Enterprises, Inc. in favor of
Priscilla Presley

Payments pursuant to the Consulting Agreement dated as of February 7, 2005, as amended, with
Priscilla Presley

Distributions pursuant to the LLC Operating Agreement for Elvis Presley Enterprises, LLC and the
Charter of Elvis Presley Enterprises, Inc. and the Shareholders Agreement, dated as of February 7,
2005, for Elvis Presley Enterprises, Inc., in each case, as in effect on the date hereof

Each of the transactions pursuant to the Amended and Restated Operating Agreement of Elvis Presley
Enterprises, LLC (“LLC”), the Amended and Restated Charter of Elvis Presley Enterprises, Inc.
(“EPE”) and the Shareholders Agreement of EPE

Any distribution or dividend paid to the Promenade Trust or any permitted transferee thereof (and
indirectly to LMP or any other beneficiary of the trust) from EPE or LLC or any distribution or
dividend from the Borrower on the preferred stock or common stock held by the Promenade Trust or
any permitted transferee thereof (and indirectly to LMP or any other beneficiary of the trust)

Consultancy Deed, dated as of 13 January 2010, by and between 19 Entertainment Limited and Simon
Robert Fuller

Letter Agreement between the Borrower and Robert F.X. Sillerman, dated as of May 22, 2010, with
respect to Mr. Sillerman’s separation from employment with the Borrower and consulting services

Employment Agreement between the Borrower and Howard J. Tytel

Employment Agreement between the Borrower and Thomas P. Benson

Employment Agreement between the Borrower and Michael G. Ferrel

Amended and Restated Employment Agreement between the Borrower and Kraig G. Fox

Registration Rights Agreement, dated February 7, 2005 between the Borrower and The Huff Alternative
Fund, L.P.

Registration Rights Agreement, dated February 7, 2005 between the Borrower and The Promenade Trust

Registration Rights Agreement, dated March 17, 2005, by and among the Borrower, Simon Robert Fuller
and Fuller Nominees Limited

Any distribution or dividend paid to the Muhammad Ali Family Trust and certain of its permitted
transferees from G.O.A.T., Inc., CKX G.O.A.T. Holding Corp. or CKX, Inc. in accordance with the
GOAT Operating Agreement.

Lease Agreement, dated as of February 7, 2005, by and between The Promenade Trust and Elvis Presley
Enterprises, Inc. with respect to the Graceland property

12

EXHIBIT A

FORM OF ASSIGNMENT AND ASSUMPTION

Reference is made to the Amended and Restated Credit Agreement, dated as of April 15, 2011
(as amended, restated, amended and restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among CKX, Inc., a Delaware corporation (the “Borrower”),
the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent
for the Lenders (in such capacity, together with its successors and permitted assigns in such
capacity, the “Administrative Agent”) and as collateral agent for the Secured Parties (in
such capacity, together with its successors and permitted assigns in such capacity, the
“Collateral Agent”). Unless otherwise defined herein, terms defined in the Credit
Agreement used herein shall have the meanings given to such terms in the Credit Agreement.

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the
Effective Date set forth below. The Assignor identified on Schedule l hereto (the
“Assignor”) and the Assignee identified on Schedule l hereto (the “Assignee”) agree
as follows:

1. The Assignor hereby irrevocably sells and assigns to the Assignee without recourse to the
Assignor, and the Assignee hereby irrevocably purchases and assumes from the Assignor without
recourse to the Assignor, as of the Effective Date (as defined below), the interest described in
Schedule 1 hereto (the “Assigned Interest”) in and to the Assignor’s rights and obligations
under the Credit Agreement, the other Loan Documents and any other documents or instruments
delivered pursuant thereto to the extent related to the amount and percentage interest identified
on Schedule 1 hereto of all of such outstanding rights and obligations of the Assignor in respect
of the Loans.

2. The Assignor (a) makes no representation or warranty and assumes no responsibility with
respect to any statement, warranty or representation made in or in connection with the Credit
Agreement or with respect to the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Credit Agreement, any other Loan Document or any other instrument or
document furnished pursuant thereto, other than that (i) the Assignor is the legal and beneficial
owner of the Assigned Interest, (ii) the Assignor has not created any adverse claim upon the
interest being assigned by it hereunder and that such interest is free and clear of any such
adverse claim and (iii) the Assignor has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions
contemplated hereby; and (b) makes no representation or warranty and assumes no responsibility with
respect to the financial condition of the Borrower, any of its Affiliates or any other obligor or
the performance or observance by the Borrower, any of its Affiliates or any other obligor of any of
their respective obligations under the Credit Agreement or any other Loan Document or any other
instrument or document furnished pursuant thereto.

3. The Assignee (a) represents and warrants that it has full power and authority, and has
taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate
the transactions contemplated hereby and to become a Lender under the Credit Agreement; (b)
confirms that it has received a copy of the Credit Agreement, together with copies of the financial
statements most recently delivered pursuant to Section 5.1 or Section 6.1 thereof, as applicable,
and such other documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Assignment and Assumption; (c) agrees that it will,
independently and without reliance upon the Assignor, any Agent or any Lender and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Credit Agreement, the other Loan Documents or
any other instrument or document furnished pursuant thereto; (d) appoints and authorizes the Agents
to take such action as agent on its behalf and to exercise such powers and discretion under the
Credit Agreement, the other Loan Documents or any other instrument or document furnished pursuant
thereto as are delegated to the Agents by the terms thereof, together with such powers as are
incidental thereto; and (e) agrees that it will be bound by the provisions of the Credit Agreement
and will perform in accordance with its terms all the obligations which by the terms of the Credit
Agreement are required to be performed by it as a Lender including, if it is organized under the
laws of a jurisdiction outside the United States, its obligation pursuant to Section 3.9(d) of the
Credit Agreement.

4. The effective date of this Assignment and Assumption shall be the Effective Date of
Assignment described in Schedule 1 hereto (the “Effective Date”). Following the execution
of this Assignment and Assumption, it will be delivered to the Administrative Agent for acceptance
by it and recording by the Administrative Agent pursuant to the Credit Agreement, effective as of
the Effective Date (which shall not, unless otherwise agreed to by the Administrative Agent, be
earlier than five Business Days after the date of such acceptance and recording by the
Administrative Agent).

5. Upon such acceptance and recording, from and after the Effective Date, the Administrative
Agent shall make all payments in respect of the Assigned Interest (including payments of principal,
interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding
the Effective Date and to the Assignee for amounts which have accrued from and subsequent to the
Effective Date.

6. From and after the Effective Date, (a) the Assignee shall be a party to the Credit
Agreement and all other Loan Documents to which the Assignor was a party immediately prior to
giving effect to this Assignment and Assumption and, to the extent provided in this Assignment and
Assumption, have the rights and obligations of a Lender thereunder and under such other Loan
Documents and shall be bound by the provisions thereof and (b) the Assignor shall, to the extent
provided in this Assignment and Assumption, relinquish its rights and be released from its
obligations under the Credit Agreement and all other Loan Documents to which the Assignor was a
party immediately prior to giving effect to this Assignment and Assumption.

This Assignment and Assumption shall be governed by and construed in accordance with the laws
of the State of New York.

IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Assumption to be
executed and delivered as of the date first above written by their respective duly authorized
officers on Schedule 1 hereto.

13

Schedule 1

to Assignment and Assumption

Name of Assignor:       

Name of Assignee:       [, an Affiliate/Approved Fund of [identify Lender] –
select if applicable]

Effective Date of Assignment:       

	 	 	 
	Principal Amount of Loans Assigned	 	Commitment Percentage Assigned1
	$     

	 	     .     %

	 	 	 
	[Name of Assignee]

By:       

Name:
	 	[Name of Assignor]

By:      

Name:

	Title:
	 	Title:

	Accepted for Recordation in the Register:
	 	[Required Consents:]

	JPMORGAN CHASE BANK, N.A., as

Administrative Agent
	 	[CKX, INC.

	By:      

Name:
	 	By:     

Name:

	Title:
	 	Title:]

	 	 	[JPMORGAN CHASE BANK, N.A., as

Administrative Agent

	 	 	By:     

Name:

	 	 	Title:]

EXHIBIT B

FORM OF COMPLIANCE CERTIFICATE

This Compliance Certificate, dated as of [      ], 20[      ] (this “Compliance
Certificate”), is delivered to you pursuant to Section 6.2(b) of the Amended and Restated
Credit Agreement, dated as of April 15, 2011 (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among CKX,
Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto
and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such capacity, together
with its successors and permitted assigns in such capacity, the “Administrative Agent”) and
as collateral agent for the Secured Parties (in such capacity, together with its successors and
permitted assigns in such capacity, the “Collateral Agent”). Unless otherwise defined
herein, terms defined in the Credit Agreement used herein shall have the meanings given to such
terms in the Credit Agreement.

1. I am the duly elected, qualified and acting [Chief Financial Officer] of the Borrower.

2. I have reviewed and am familiar with the contents of this Compliance Certificate.

3. I have reviewed the terms of the Credit Agreement and the other Loan Documents and have
made or caused to be made under my supervision, a review in reasonable detail of the transactions
and condition of the Borrower and its consolidated Subsidiaries during the accounting period
covered by the financial statements attached hereto as Attachment 1 (the “Financial
Statements”). Such review did not disclose the existence during or at the end of the
accounting period covered by the Financial Statements, and I have no knowledge of the existence, as
of the date of this Compliance Certificate, of any condition or event which constitutes a Default
or Event of Default [, except as set forth below].

4. Attached hereto as Attachment 2 are the computations showing compliance with the
covenants set forth in Sections 7.1(a) and 7.1(b) of the Credit Agreement.

[Signature Page Follows]

1 Set forth to at least 9 decimals, as a percentage
of the Commitment/Loans of all Lenders.

14

IN WITNESS WHEREOF, the undersigned has caused this Compliance Certificate to be duly executed
and delivered, and the certifications, representations and warranties contained herein to be made,
as of the date first above written.

	 	 	 	CKX,
INC.

	 	 	 	By:

Name:

	 	 	 	Title:

15

ATTACHMENT 1

Financial StatementsATTACHMENT 2

Consolidated Leverage Ratio Calculations

	 	 	 	 	 	 	 
	 	1.	 	 	Consolidated Total Debt as of the last day of any period:

	 	$[      ,      ,      ]
	 	 	 	 	 

	 	

	 	2.	 	 	Consolidated EBITDA for such period: (i) — (ii)

	 	$[      ,      ,      ]
	 	 	 	 	 

	 	

	 	(i)	 	the amount set forth in clause (a) below
plus, without duplication and to the extent
reflected as a charge in the statement of such Consolidated
Net Income for such period (and provided that to
the extent that all or any portion of the income of any
Subsidiary or other Person is excluded from Consolidated
Net Income pursuant to the definition thereof for such
period or portion thereof, any amounts set forth in clauses
(b) through (l) that are attributable to such Subsidiary or
other Person shall not be included for purposes of such
clauses for such period or portion thereof), the sum of
amounts in clauses (b) through (l) below:	 

	 	 	 	 	 
	(a)

(b)
	 	Consolidated Net Income:

income tax expense:

	 	$[      ,      ,      ]

$[      ,      ,      ]

	 	(c)	 	interest expense, amortization
or write-off of debt discount and debt issuance
costs and commissions, discounts and other fees and
charges associated with Indebtedness (including the
Loans): $[      ,      ,      ]	 

	 	(d)	 	depreciation, depletion,
abandonment and amortization expense:
$[      ,      ,      ]	 

	 	(e)	 	amortization of intangibles and
impairment charges (including, but not limited to,
goodwill) and organizational costs: $[      ,      ,      ]	 

	 	(f)	 	any extraordinary charges or
losses or non-recurring charges determined in
accordance with GAAP: $[      ,      ,      ]	 

	 	(g)	 	non-cash compensation expenses
arising from the issuance of stock, options to
purchase stock, stock appreciation rights or other
similar incentive arrangements to the management of
the Borrower: $[      ,      ,      ]	 

	 	(h)	 	[severance and other
restructuring-related costs of 19E incurred during
the year ended December 31, 2010: $[18,739,000]]	 

	 	(i)	 	[losses of businesses within
19E which were sold or closed during the year ended
December 31, 2010: $[5,685,000]]	 

	 	 	 	 	 
	(j)	 	[executive separation costs incurred during the year ended December 31, 2010:$[6,358,000]]
	(k)

	 	[Graceland Master Plan costs incurred during the year ended December 31, 2010:
	 	$[1,682,000]]

	 	(l)	 	any other non-cash charges,
non-cash expenses or non-cash losses of the
Borrower or any of its Subsidiaries for such
period2: $[      ,      ,      ]	 

	 	(ii)	 	the sum of (to the extent included in
Consolidated Net Income for such period):	 

	 	(a)	 	interest income: $[      ,      ,      ]	 

(b) any extraordinary income or gains determined in accordance

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	with GAAP:

	 	$[      ,      ,      ]
	 	 	 	 	 	 	(c) any other non-cash income,3 all as determined on a consolidated basis:$[      ,      ,      ]

	 	3.	 	 	Consolidated Leverage Ratio: (i)/(ii)	 	$[      ,      ,      ]
	 	 	 	 	 	 	 
	 	 	 	 	(i)

(ii)
	 	Consolidated Total Debt

Consolidated EBITDA

	 	$[      ,      ,      ]

$[      ,      ,      ]

	4.	 	Maximum Consolidated Leverage Ratio 

permitted under Section 7.1(a) of the Credit Agreement: 2.0:1.0

ATTACHMENT 2

Consolidated Interest Coverage Ratio Calculations

	 	 	 	 	 	 	 	 	 
	 	1.	 	 	Consolidated EBITDA for any period: (from Consolidated Leverage Ratio

	 	 	 	 	calculation)$[      ,      ,      ]

	 	

	 	

	 	2.	 	 	Consolidated Interest Expense for such period:
	 	$[      ,      ,      ]
	 	 	 	 	 
	 	 
	 	3.	 	 	Consolidated Interest Coverage Ratio: (i)/(ii)
	 	$[      ,      ,      ]
	 	 	 	 	 
	 	 
	 	 	 	 	(i)

(ii)

	 	Consolidated EBITDA

Consolidated Interest Expense
	 	$[      ,      ,      ]

$[      ,      ,      ]

4. Minimum Consolidated Interest Coverage Ratio 

required under Section 7.1(b) of the Credit Agreement: 3.0:1.0

EXHIBIT C

FORM OF GUARANTEE AND COLLATERAL AGREEMENT

See execution version.

EXHIBIT D-1

FORM OF UK CHARGE OVER SHARES

See execution version.

EXHIBIT D-2

FORM OF UK SUPPLEMENTAL CHARGE OVER SHARES

See execution version.

EXHIBIT E-1

FORM OF UK DEBENTURE

See execution version.

EXHIBIT E-2

FORM OF UK SUPPLEMENTAL DEBENTURE

See execution version.

EXHIBIT F

FORM OF EXEMPTION CERTIFICATE

Reference is made to the Amended and Restated Credit Agreement, dated as of April 15, 2011
(as amended, restated, amended and restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among CKX, Inc., a Delaware corporation (the “Borrower”),
the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent
for the Lenders (in such capacity, together with its successors and permitted assigns in such
capacity, the “Administrative Agent”) and as collateral agent for the Secured Parties (in
such capacity, together with its successors and permitted assigns in such capacity, the
“Collateral Agent”). Unless otherwise defined herein, terms defined in the Credit
Agreement used herein shall have the meanings given to such terms in the Credit Agreement. Terms
defined in the Credit Agreement and not otherwise defined herein are used herein with the meanings
so defined. [      ] (the “Non-U.S. Lender”) is providing this certificate
pursuant to subsection 3.9(d) of the Credit Agreement. The Non-U.S. Lender hereby represents and
warrants that:

1. The Non-U.S. Lender is the sole record and beneficial owner of the Loans in respect of
which it is providing this Certificate and shall remain the sole beneficial owner of the Loans at
all times during which it is the record holder of such Loans.

2. The Non-U.S. Lender is not a “bank” for purposes of Section 881(c)(3)(A) of the Internal
Revenue Code of 1986, as amended (the “Code”). In this regard, the Non-U.S. Lender further
represents and warrants that:

(a) the Non-U.S. Lender is not subject to regulatory or other legal requirements as a
bank in any jurisdiction; and

(b) the Non-U.S. Lender has not been treated as a bank for purposes of any tax,
securities law or other filing or submission made to any Governmental Authority, any
application made to a rating agency or qualification for any exemption from tax, securities
law or other legal requirements.

3. The Non-U.S. Lender is not a 10-percent shareholder of the Borrower within the meaning of
Section 881(c)(3)(B) of the Code.

4. The Non-U.S. Lender is not a controlled foreign corporation receiving interest from a
related person within the meaning of Section 881(c)(3)(C) of the Code.

5. The Non-U.S. Lender shall promptly notify the Borrower and the Administrative Agent if any
of the representations and warranties made herein are no longer true and correct.

[Signature Page Follows]

IN WITNESS WHEREOF, the undersigned has caused this Certificate to be duly executed and
delivered, and the certifications, representations and warranties contained herein to be made, on
and as of this        day of       , 20      .

	 	 	 	[NAME
OF NON-U.S. LENDER]

	 	 	 	By:      

Name:

Title:

EXHIBIT G

FORM OF NOTE

THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH
THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS NOTE AND THE
OBLIGATIONS REPRESENTED HEREBY MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE
AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT.

$      New York, New York

[      ], 20[      ]

FOR VALUE RECEIVED, the undersigned, CKX, Inc., a Delaware corporation (the
“Borrower”), hereby unconditionally promises to pay to        (the
“Payee”) or its registered assigns at the Funding Office specified in the Credit Agreement
(as hereinafter defined), in lawful money of the United States and in immediately available funds,
the principal amount of (a)        DOLLARS ($     ), or, if less, (b) the unpaid principal amount
of all Loans of the Payee outstanding under the Credit Agreement. The principal amount shall be
paid in the amounts and on the dates specified in Section 2.4 of the Credit Agreement. The
Borrower further agrees to pay interest in like money at such Funding Office on the unpaid
principal amount hereof from time to time outstanding at the rates and on the dates specified in
Section 3.4 of the Credit Agreement.

The holder of this Note is authorized to endorse on the schedules annexed hereto and made a
part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the
date, the Type and amount of the Loan and the date and amount of each payment or prepayment of
principal with respect thereto, each continuation of all or a portion thereof as the same Type,
each conversion of all or a portion thereof to another Type and, in the case of Eurodollar Loans,
the length of each Interest Period with respect thereto. Each such endorsement shall constitute
prima facie evidence of the accuracy of the information endorsed. The failure to make any
such endorsement or any error in any such endorsement shall not affect the obligations of the
Borrower in respect of any Loan.

This Note (a) is one of the Notes referred to in the Amended and Restated Credit Agreement,
dated as of April 15, 2011 (as amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders from
time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and as Collateral
Agent, (b) is subject to the provisions of the Credit Agreement and (c) is subject to optional and
mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured
and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents
for a description of the properties and assets in which a security interest has been granted, the
nature and extent of the security and the guarantees, the terms and conditions upon which the
security interests and each guarantee were granted and the rights of the holder of this Note in
respect thereof.

Upon the occurrence of any one or more of the Events of Default, all principal and all accrued
interest then remaining unpaid on this Note shall become, or may be declared to be, immediately due
and payable, all as provided in the Credit Agreement.

All parties now and hereafter liable with respect to this Note, whether maker, principal,
surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other
notices of any kind.

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement.

NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE CREDIT AGREEMENT, THIS
NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE WITH THE REGISTRATION AND OTHER
PROVISIONS OF SECTION 10.6 OF THE CREDIT AGREEMENT.

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK.

CKX, INC.

By:     

Name:

Title:Schedule A to Note

LOANS, CONVERSIONS AND REPAYMENTS OF BASE RATE LOANS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date
	 	Amount of Base Rate

Loans
	 	Amount Converted to

Base Rate Loans
	 	Amount of Principal

of Base Rate Loans

Repaid

	 	Amount of Base Rate

Loans Converted to

Eurodollar Loans
	 	Unpaid Principal

Balance of Base

Rate Loans
	 	

Notation Made By
	 
	 	 
	 	 
	 	 

	 	 
	 	 
	 	 

2 Excluding any such charge, expense or loss incurred in
the ordinary course of business that constitutes an accrual of or a reserve for
cash charges for any future period. Cash payments made in such period or in
any future period in respect of such non-cash charges, expenses or losses
incurred after the Closing Date (excluding any such charge, expense or loss
incurred in the ordinary course of business that constitutes an accrual of or a
reserve for cash charges for any future period) shall be subtracted from
Consolidated Net Income in calculating Consolidated EBITDA in the period when
such payments are made.

3 Excluding any items that represent the reversal of any
accrual of, or cash reserve for, anticipated cash charges in any prior period
that are described in footnote 2.

16

Schedule B to Credit Note

LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date
	 	Amount of

Eurodollar Loans
	 	Amount Converted to

Eurodollar Loans
	 	Interest Period and

Eurodollar Rate

with Respect

Thereto

	 	Amount of Principal

of Eurodollar Loans

Repaid
	 	Amount of

Eurodollar Loans

Converted to Base

Rate Loans
	 	

Unpaid Principal

Balance of

Eurodollar Loans
	 	

Notation Made By
	 
	 	 
	 	 
	 	 

	 	 
	 	 
	 	 
	 	 

EXHIBIT H

FORM OF RESTATEMENT DATE CERTIFICATE

Pursuant to Section  5.1(h) of the Amended and Restated Credit Agreement, dated as of April
15, 2011 (as amended, restated, amended and restated, supplemented or otherwise modified from time
to time, the “Credit Agreement”; terms defined therein being used herein as therein
defined), among CKX, Inc., a Delaware corporation (the “Borrower”), the Lenders from time
to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in
such capacity, together with its successors and permitted assigns in such capacity, the
“Administrative Agent”) and as collateral agent for the Secured Parties (in such capacity,
together with its successors and permitted assigns in such capacity, the “Collateral
Agent”), the undersigned [INSERT TITLE OF OFFICER] of [the Borrower] [[      ] (the
“Company”)] hereby certifies as follows:

1. The representations and warranties of the [Borrower][Company] set forth in the Loan
Documents to which it is a party or which are contained in any certificate furnished by or on
behalf of the [Borrower][Company] pursuant to any of the Loan Documents to which it is a party are
true and correct in all material respects (except to the extent any such representation and
warranty itself is qualified by “materiality”, “Material Adverse Effect” or similar qualifier, in
which case, it is true and correct in all respects) on and as of the date hereof with the same
effect as if made on the date hereof, except for representations and warranties expressly stated to
relate to a specific earlier date, in which case such representations and warranties were true and
correct in all material respects (except to the extent any such representation and warranty itself
is qualified by “materiality”, “Material Adverse Effect” or similar qualifier, in which case, it
was true and correct in all respects) as of such earlier date.

2.        is the duly elected and qualified Corporate Secretary of the
[Borrower][Company] and the signature set forth for such officer below is such officer’s true and
genuine signature.

3. No Default or Event of Default has occurred and is continuing as of the date hereof or
after giving effect to the Loans to be made or continued on the date hereof. [Borrower only]

4. Immediately after the conversion of Existing Loans into Loans, the funding of New Loans and
the application of proceeds of the foregoing, in each case on the date hereof as provided in the
Credit Agreement, (a) the Borrower and its Subsidiaries have no outstanding Indebtedness other
Indebtedness permitted under Section 7.2(a), 7.2(c), 7.2(d) and 7.2(p), and (b) the Borrower and
its Subsidiaries have no outstanding preferred stock other than the Presley Preferred Equity, the
Series B Preferred Stock of the Borrower and the Series A Preferred Stock and Series B Preferred
Stock of Elvis Presley Enterprises Inc. [Borrower only]

5. All governmental and third party approvals necessary or advisable in connection with the
conversion of Existing Loans into Loans, the funding of New Loans and the application of proceeds
of the foregoing, in each case on the date hereof as provided in the Credit Agreement, and the
granting or perfection of Liens contemplated by the Loan Documents, the continuing operations of
the Group Members and the other transactions contemplated by the Credit Agreement (including
shareholder approvals, if any) have been obtained and are in full force and effect. There does not
exist any action, investigation, litigation, action or proceeding pending or threatened in any
court or before any arbitrator or Governmental Authority that could reasonably be expected to have
a Material Adverse Effect. [Borrower only]

6. The Consolidated EBITDA of the Borrower and its Subsidiaries for the four fiscal quarters
ending immediately prior to the Restatement Date, on a pro forma basis, after giving effect to the
transactions contemplated by the Credit Agreement and continuing operations (as contemplated to be
conducted as of the Restatement Date), is greater than or equal to $70,525,000. [Borrower only]

7. The Borrower has appointed CKX UK Holdings to be its agent for service of process in
connection with the UK Supplemental Charge Over Shares.

8. The Borrower is in compliance with the financial covenants set forth in Section 7.1 of the
Credit Agreement on a pro forma basis after giving effect to the conversion of Existing Loans into
Loans, the funding of New Loans and the application of proceeds of the foregoing, in each case on
the date hereof as provided in the Credit Agreement. [Borrower only]

9. Since December 31, 2010, no event has occurred, that alone or in connection with other
events, could reasonably be expected to have a Material Adverse Effect. [Borrower only]

The undersigned Corporate Secretary of the [Borrower][Company] certifies as follows:

1. There are no liquidation or dissolution proceedings pending or to my knowledge threatened
against the [Borrower][Company], nor has any other event occurred adversely affecting or
threatening the continued corporate existence of the [Borrower][Company].

2. The [Borrower][Company] is a corporation duly [incorporated/formed], validly existing and
in good standing under the laws of the jurisdiction of its organization.

3. Attached hereto as Annex 1 is a true and complete copy of resolutions duly adopted
by the Board of Directors of the [Borrower][Company] on      , 2011; such resolutions have not
in any way been amended, modified, revoked or rescinded, have been in full force and effect since
their adoption to and including the date hereof and are now in full force and effect and are the
only corporate proceedings of the [Borrower][Company] now in force relating to or affecting the
matters referred to therein.

4. Attached hereto as Annex 2 is a true and complete copy of the [By-Laws][Limited
Liability Company Agreement] of the [Borrower][Company] as in effect on the date hereof, and such
[By-Laws][Limited Liability Company Agreement] have not been amended, repealed, modified or
restated.

5. Attached hereto as Annex 3 is a true and complete copy of the
[Certificate][Articles] of [Incorporation][Formation] of the [Borrower][Company] as in effect on
the date hereof, and such certificate has not been amended, repealed, modified or restated.

6. Attached hereto as Annex 4 is a true and complete copy of the Certificate of Good
Standing of the [Borrower][Company] as in effect on the date hereof.

7. The following persons are now duly elected and qualified officers of the
[Borrower][Company] holding the offices indicated next to their respective names below, and such
officers have held such offices with the [Borrower][Company] at all times since the date indicated
next to their respective titles to and including the date hereof, and the signatures appearing
opposite their respective names below are the true and genuine signatures of such officers, and
each of such officers is duly authorized to execute and deliver on behalf of the
[Borrower][Company] each of the Loan Documents to which it is or is to be a party and any
certificate or other document to be delivered by the [Borrower][Company] pursuant to the Loan
Documents to which it is or is to be a party:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Name	 	Office	 	Date	 	Signature

[Signature Page Follows]

17

IN WITNESS WHEREOF, each undersigned has caused this Restatement Date Certificate to be duly
executed and delivered, and the certifications, representations and warranties contained herein to
be made, on and as of this        day of      , 2011.

	 	 	 
	     

Name:

	 	     

Name:
	Title:

	 	Title:

ANNEX 1

Board Resolutions

18

ANNEX 2

[By-Laws][Limited Liability Company Agreement]

19

ANNEX 3

[Certificate][Articles] of [Incorporation][Formation]

20

ANNEX 4

Certificate of Good StandingEXHIBIT I-1

OPINION OF PAUL, HASTINGS, JANOFSKY & WALKER LLP (US)

See execution version.

EXHIBIT I-2

OPINION OF PAUL, HASTINGS, JANOFSKY & WALKER LLP (UK)

See execution version.

EXHIBIT J

FORM OF SOLVENCY CERTIFICATE

This Solvency Certificate, dated as of April 15, 2011 (this “Solvency Certificate”),
is delivered pursuant to Section 5.1(l) of the Amended and Restated Credit Agreement, dated as of
April 15, 2011 (as amended, restated, amended and restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among CKX, Inc., a Delaware corporation (the
“Company”), the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as
administrative agent for the Lenders (in such capacity, together with its successors and permitted
assigns in such capacity, the “Administrative Agent”) and as collateral agent for the
Secured Parties (in such capacity, together with its successors and permitted assigns in such
capacity, the “Collateral Agent”). Unless otherwise defined herein, terms defined in the
Credit Agreement used herein shall have the meanings given to such terms in the Credit Agreement.
This Solvency Certificate is a Loan Document executed pursuant to the Credit Agreement and shall
(unless otherwise expressly indicated herein) be construed, administered and applied in accordance
with the terms and provisions thereof (including Section 10 thereof).

It is understood that Administrative Agent, the Collateral Agent, the Lenders and the other
Secured Parties are relying on the truth and accuracy of this Solvency Certificate in connection
with the transactions contemplated by the Loan Documents.

The undersigned hereby certifies as follows:

1. I am, and at all pertinent times mentioned in this Solvency Certificate have been, the duly
qualified, qualified and acting Chief Financial Officer of the Company and, as such, I am
authorized to execute and deliver this Solvency Certificate on behalf of the Company. In such
capacity I have participated actively in the management of the Company’s financial affairs and am
familiar with the Company’s financial statements and those of its Subsidiaries and with the
properties, business and assets of the Group Members.

2. I have carefully reviewed the Loan Documents and the contents of this Solvency Certificate,
and, in connection herewith, I have reviewed such other documentation and information and have made
such investigation and inquiries as I have deemed necessary and prudent therefor.

3. The Group Members, taken as a whole, are able to realize upon their assets and pay their
debts and other liabilities, contingent obligations and other commitments as they mature in the
normal course of business.

4 On the date hereof, before and after giving effect to the conversion of Existing Loans into
Loans, the funding of New Loans, the application of proceeds of the foregoing and the other
transactions contemplated by the Credit Agreement and the other Loan Documents, the fair value of
the property of the Group Members, taken as a whole, is greater than the total amount of
liabilities, including, without limitation, contingent liabilities, of the Group Members, taken as
a whole.

5. On the date hereof, before and after giving effect to the conversion of Existing Loans into
Loans, the funding of New Loans, the application of proceeds of the foregoing and the other
transactions contemplated by the Credit Agreement and the other Loan Documents, the present fair
saleable value of the assets of the Group Members, taken as a whole, is not less than the amount
that will be required to pay the probable liability of the Group Members, taken as a whole, on
their debts as they become absolute and matured.

6. The Group Members, taken as a whole, do not intend to, and the Group Members, taken as a
whole, believe that they will not, incur debts or liabilities that will be beyond their ability to
pay such debts and liabilities as they mature.

6. On the date hereof, before and after giving effect to the conversion of Existing Loans into
Loans, the funding of New Loans, the application of proceeds of the foregoing and the other
transactions contemplated by the Credit Agreement and the other Loan Documents, the Group Members,
taken as a whole, are not engaged in any business or transaction, nor are they about to engage in
any business or transaction, for which their properties would constitute unreasonably small
capital.

In making the certifications set forth above, the undersigned has considered or taken the
following actions, among other things:

(a) the financial statements (the “Financial Statements”) delivered to the
Administrative Agent pursuant to Section 5.1(b) of the Credit Agreement;

(b) the values of the Group Members’ real property, equipment, inventory, accounts receivable,
customer lists, supply contracts, joint venture interests, licenses, leases and all other property
of such party, real and personal, tangible and intangible;

(c) consulted with officers of the Group Members concerning, among other matters, pending and
threatened litigation, uninsured risks, guaranties of obligations of any other Person and other
contingent obligations and have, using my best judgment, also taken into account the maximum
realistic exposure of each Group Member to liabilities which would not be included in reserves
otherwise reflected on the Financial Statements; and

(d) made such other investigations and inquiries as I have, to the best of my experience,
deemed appropriate and have taken into account the nature of the particular business anticipated to
be conducted by the Group Members after consummation of the transactions referred to above.

[Signature Page Follows.]

21

IN WITNESS WHEREOF, the undersigned has caused this Solvency Certificate to be duly executed
and delivered, and the certifications, representations and warranties contained herein to be made,
as of the date first above written.

CKX, INC.

	 	 	 
	By:      

	Name:

	 	

	Title:

	 	Chief Financial Officer

EXHIBIT K

SUBORDINATION PROVISIONS

Section 1. Definitions and Rules of Interpretation. Reference is made to the Amended
and Restated Credit Agreement, dated as of April 15, 2011 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),
among CKX, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time
party thereto and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such
capacity, together with its successors and permitted assigns in such capacity, the
“Administrative Agent”) and as collateral agent for the Secured Parties (in such capacity,
together with its successors and permitted assigns in such capacity, the “Collateral
Agent”). Except as otherwise expressly provided, capitalized terms used herein without
definition shall have the same meaning assigned to such terms in the Credit Agreement. In
addition, the following terms shall have the following meanings:

	1.1	 	“Senior Secured Obligations” shall mean the Obligations under and as defined in the
Guarantee and Collateral Agreement.

	1.2	 	“Senior Secured Parties” shall mean the Secured Parties under and as defined in the
Credit Agreement.

	1.3	 	“Subordinated Obligations” shall mean any Indebtedness and each other obligation of
the Borrower owing to any Subordinated Lender.

	1.4	 	“Subordinated Lenders” shall mean each and every Person to whom any of the
Subordinated Obligations is owed and any holder of any document evidencing such Subordinated
Obligations.

Section 2. Ranking of Senior Secured Obligations. Until the repayment in full in cash
of all of the Senior Secured Obligations and the termination of all Commitments (the “Loan
Maturity Date”), (a) the Subordinated Lenders, the Borrower and each of its Subsidiaries hereby
agree that all Subordinated Obligations are and shall be subordinated in right of payment and
liquidation in relation to all Senior Secured Obligations to the extent and in the manner
hereinafter set forth, (b) no payments or other distributions whatsoever in respect of any part of
the Subordinated Obligations shall be made nor shall any property or assets of the Borrower or any
of its Subsidiaries (nor any property or assets of the Borrower that constitute Collateral) be
applied to the purchase or other acquisition or retirement of any part of the Subordinated
Obligations, and (c) each of the Subordinated Lenders agrees that it will not ask, demand, sue for,
take or receive from or for the account of the Borrower or any of its Subsidiaries (whether
directly or indirectly), by set-off or in any other manner, the Subordinated Obligations, or any
security therefor, except with the prior written consent of each of the Senior Secured Parties.

Section 3. No Payment in Certain Circumstances. At all times prior to the Loan
Maturity Date, and without limitation of the rights of the Senior Secured Parties under the terms
of the Loan Documents:

	3.1	 	upon any distribution or application of the assets of the Borrower or any of its Subsidiaries
in connection with any liquidation, dissolution or other proceeding for the winding up of the
Borrower or any of its Subsidiaries (whether partial or complete) or any proceeding for
insolvency or bankruptcy (whether voluntary or involuntary) or any receivership,
reorganization or other similar case or proceeding in connection therewith, or any assignment
for the benefit of creditors or arrangement with creditors, whether or not pursuant to the
insolvency, bankruptcy or similar laws of any jurisdiction, or the sale of all or
substantially all of the assets of the Borrower or any of its Subsidiaries or any other
marshalling of assets and liabilities of the Borrower or any of its Subsidiaries:

	 	3.1.1	 	the Senior Secured Obligations shall first be irrevocably and indefeasibly
paid in full in cash and all Commitments shall have been terminated before any of the
Subordinated Lenders shall be entitled to receive any payment on account of the
Subordinated Obligations or any other interests in the Borrower or any of its
Subsidiaries arising from the Subordinated Obligations whether in cash, securities or
other assets; and

	 	3.1.2	 	any payment or distribution of assets of the Borrower or any of its
Subsidiaries of any kind or character in respect of the Subordinated Obligations to
which any of the Subordinated Lenders would be entitled if the Subordinated Obligations
were not subordinated pursuant to the terms hereof shall be made by the trustee,
liquidator or agent or other Person making such payment or distribution directly to the
Senior Secured Parties until the Senior Secured Obligations are irrevocably and
indefeasibly paid in full in cash and all Commitments shall have been terminated and
each of the Subordinated Lenders irrevocably authorizes and empowers the Collateral
Agent (or the Administrative Agent on its behalf), acting for and on behalf of the
Senior Secured Parties, to receive and collect on its behalf any and all such payments
or distributions;

	3.3	 	if, for any reason whatsoever and whether pursuant to a bankruptcy, liquidation or similar
proceeding or otherwise, the Borrower or any of its Subsidiaries shall make or any of the
Subordinated Lenders shall receive any payment or distribution of any kind or character,
whether in cash, securities or other property, on account or in respect of the Subordinated
Obligations in contravention of any of the terms set forth herein, such Subordinated Lender
shall hold any such payment or distribution in trust for the benefit of the Senior Secured
Parties, promptly notify the Administrative Agent and the Collateral Agent in writing of the
receipt of such payment or distribution and promptly pay over or deliver such distribution or
payment to the Collateral Agent, or to any other Person (including the Administrative Agent)
nominated by the Collateral Agent, to hold for the account of the Senior Secured Parties. In
the event of failure of any Subordinated Lender to make any such endorsement or assignment,
each of the Collateral Agent and the Administrative Agent is irrevocably authorized by the
Subordinated Lenders to make the same; provided, however, that nothing in this
sentence shall be deemed to restrict any rights of the Senior Secured Parties to enforce in
any manner provided under applicable law the obligation of a Subordinated Lender to make any
such endorsement or assignment; and

	3.4	 	notwithstanding any provision to the contrary herein or in any other agreement or document,
no payment or delivery shall be made to the Subordinated Lenders of any securities, assets,
debts, loans, advances, liabilities or obligations which are issued or received upon any
merger, consolidation, sale, lease, transfer or other disposal by any Person succeeding to the
Borrower or any of its Subsidiaries or acquiring the Borrower’s or any of its Subsidiary’s
property or assets, unless such securities, assets, debts, loans, advances, liabilities and
obligations are (a) if the Subordinated Obligations (or any note or other instrument
representing the Subordinated Obligations) are pledged to the Senior Secured Parties, pledged
in favor of the Senior Secured Parties and (b) subordinate and junior at least to the extent
provided herein to the irrevocable and indefeasible payment in full in cash of all Senior
Secured Obligations and to the payment of any securities, assets, debts, loans, advances,
liabilities or obligations which are issued in exchange or substitution for any such Senior
Secured Obligations.

Section 4. Authorizations to Agents. At all times prior to the Loan Maturity Date,
and without limitation of the rights of the Senior Secured Parties under the terms of the Loan
Documents, each Subordinated Lender (a) irrevocably authorizes and empowers (without imposing any
obligation on) each of the Collateral Agent and the Administrative Agent to claim, enforce, demand,
sue for, collect and receive all payments and distributions on or in respect of the Subordinated
Obligations which are required to be paid or delivered to any Senior Secured Party, as provided
herein, and to file and prove all claims therefor, give receipts and take all such other action, in
the name of such Subordinated Lender or otherwise, necessary or appropriate for the enforcement of
these subordination provisions, (b) irrevocably authorizes and empowers (without imposing any
obligation on) each of the Collateral Agent and the Administrative Agent to vote the Subordinated
Obligations in favor of or in opposition to any matter which may come before any meeting of
creditors of the Borrower or any of its Subsidiaries generally or in connection with, or in
anticipation of, any insolvency or bankruptcy case or proceeding, or any proceeding under any laws
relating to the relief of debtors, readjustment of indebtedness, arrangements, reorganizations,
compositions or extensions relative to the Borrower or any of its Subsidiaries, and (c) agrees to
execute and deliver to the Collateral Agent and the Administrative Agent all such further
instruments confirming the above authorization, and all such powers of attorney, proofs of claim,
assignments of claim and other instruments, and to take all such other action deemed necessary or
requested by any Senior Secured Party in its sole discretion, in order to enable the Collateral
Agent and the Administrative Agent, as applicable, to accomplish the foregoing.

Section 5. Non-Impairment. None of the Senior Secured Obligations shall be impaired
(or deemed to be impaired) by the Senior Secured Parties taking the following actions:

	5.1	 	agreeing with the Borrower or any of its Subsidiaries, any Subordinated Lender or any other
Person as to any amendment, variation, assignment, novation, extension or departure (however
substantial or material) of, to or from any Loan Document (including changing the manner,
place or terms of payment of or extending the time of payment of, or renewing or altering, the
Senior Secured Obligations, or otherwise amending or supplementing in any manner the Senior
Secured Obligations or any instrument evidencing the same or any agreement under which the
Senior Secured Obligations are outstanding, or any Loan Document) so that any such amendment,
variation, assignment, novation or departure shall, whatever its nature, be binding upon the
Subordinated Lenders in all circumstances;

	5.2	 	releasing, granting any time, any indulgence or any waiver of any kind to, or composition
with the Borrower or any of its Subsidiaries, any Subordinated Lender or any other Person
(including, without limitation, the waiver of any breach of the Loan Documents or the exercise
or the failure to exercise any rights against the Borrower or any of its Subsidiaries and/or
any other Person), or entering into any transaction or arrangements whatsoever with or in
relation to the Borrower or any of its Subsidiaries, any Subordinated Lender and/or any other
Person;

	5.3	 	taking, accepting, varying, dealing with, exchanging, renewing, enforcing, failing to
enforce, take up or perfect, abstaining from enforcing, surrendering or releasing any
security, right of recourse, set-off or combination or other right, remedy or interest held by
the Senior Secured Parties in connection with the Senior Secured Obligations or any part
thereof, or acting in relation to the Loan Documents in such manner as it thinks fit;

	5.4	 	failing to present or observe any formality or other requirement in respect of any instrument
or any failure to realize the full value of any security;

	5.5	 	claiming, proving for, accepting or transferring any payment in respect of the Senior Secured
Obligations in any composition by, or winding up of, the Borrower or any of its Subsidiaries,
any Subordinated Lender and/or any other Person or abstaining from so claiming, proving for,
accepting or transferring; or

	5.6	 	actually or purportedly assigning all or any portion of the Senior Secured Obligations to any
other Person.

To the fullest extent permitted by applicable law, no change of law or circumstances shall release
or diminish any of the Subordinated Lenders’ liabilities, agreements or duties hereunder, affect
the provisions set forth herein in any way, or afford the Subordinated Lenders any recourse against
any of the Senior Secured Parties.

Section 6. Benefit of Subordination Provisions. These subordination provisions are
intended solely to define the relative rights of the Senior Secured Parties, the Subordinated
Lenders, and their respective successors and permitted assigns.

Section 7. Subordination of Liens. Without limitation of any other provisions of this
Exhibit L, neither the Borrower nor any of its Subsidiaries shall create or suffer to exist any
Lien on any of its property benefiting the Subordinated Obligations. If in contravention of this
Section 7, any such Liens shall now or hereafter secure or benefit the Subordinated Obligations,
whether arising by statute, in law or equity or by contract, then, without limiting any of the
Senior Secured Parties’ rights in respect of such breach, such Lien shall and is hereby expressly
subordinated and made secondary and inferior to the Liens now or hereafter securing or benefiting
the Senior Secured Obligations.

Section 8. Reinstatement. If any payment to any of the Senior Secured Parties by the
Borrower or any of its Subsidiaries or any other Person in respect of any of the Senior Secured
Obligations is held to constitute a preference or a voidable transfer under applicable law, or if
for any other reason any Senior Secured Party is required to refund such payment to the Borrower,
any of its Subsidiaries or to such Person or to pay the amount thereof to any other Person, such
payment to such Senior Secured Party shall not constitute a release of any of the Subordinated
Lenders from any of their liability hereunder, and each Subordinated Lender agrees and acknowledges
that the provisions set forth herein shall continue to be effective or shall be reinstated, as the
case may be, to the extent of any such payment or payments.

Section 9. Restrictions on Transfers. None of the Subordinated Lenders may transfer
(by sale, novation or otherwise) any of its rights or obligations under the Subordinated
Obligations and under these subordination provisions unless the transferee of such interest first
agrees in writing to be bound by the terms of this Exhibit L applicable to the transferor of such
interest and executes an instrument to that effect.

Section 10. Affirmative Covenants of the Subordinated Lenders. Each of the
Subordinated Lenders shall:

	10.1	 	at all times prior to the Loan Maturity Date, promptly deliver to each of the Collateral
Agent and the Administrative Agent copies of each amendment or modification to any agreement
relating to the Subordinated Obligations to which such Subordinated Lender is a party that
would affect or alter these subordination provisions;

	10.2	 	at all times prior to the Loan Maturity Date, cause to be clearly inserted in any instrument
which at any time evidences any part of the Subordinated Obligations owing to such
Subordinated Lender a statement to the effect that the payment thereof is subordinated in
accordance with the terms of this Exhibit L;

	10.3	 	cause its right to receive any payment in respect of the Subordinated Obligations to be (and,
upon the creation of the Subordinated Obligation, each Subordinated Lender acknowledges and
agrees that such Subordinated Obligation is and shall be) subject to the Liens created by the
Security Documents and, if required by applicable law, cause any agreement or instrument
evidencing such right to be registered or filed with the appropriate Governmental Authorities
in order to perfect such Liens created by the Security Documents and cause any instrument
which at any time evidences any part of the Subordinated Obligations owing to such
Subordinated Lender and any proceeds deriving therefrom to be pledged in favor of the Senior
Secured Parties and an original of such instrument shall be delivered to the order of the
Collateral Agent (or its designee) with appropriate endorsements thereto executed in blank;
and

	10.4	 	file all documents or instruments necessary or advisable and do all things as the Collateral
Agent or the Administrative Agent may reasonably request in order to carry out more
effectively the intent and purpose of these subordination provisions.

Section 11. Negative Covenants of the Subordinated Lenders. At all times prior to the
Loan Maturity Date, none of the Subordinated Lenders shall:

	11.1	 	create, agree to create or permit to exist, any Lien (howsoever ranking in point of priority)
of any nature whatsoever in, over or affecting the Subordinated Obligations owing to such
Subordinated Lender;

	11.2	 	without the prior written consent of the each of the Senior Secured Parties, sue for payment
of, or accelerate the maturity of, or initiate any proceedings or take any other actions to
enforce any of the Subordinated Obligations owing to such Subordinated Lender;

	11.3	 	whether by set-off, counter-claim or otherwise, reduce any amount owing by such Subordinated
Lender to the Borrower or any of its Subsidiaries by an amount payable by the Borrower or any
of its Subsidiaries or any of their respective Affiliates or any other Person to such
Subordinated Lender in respect of the Subordinated Obligations;

	11.4	 	initiate, support, permit or join any creditor in bringing any proceeding against the
Borrower or any of its Subsidiaries under any bankruptcy, insolvency, reorganization,
receivership or similar law of any jurisdiction (to recover all or any part of the
Subordinated Obligations or any other liability owed to such Subordinated Lender), except in
connection with the filing of a proof of claim in any such proceeding or otherwise at the
written request of the Collateral Agent or the Administrative Agent;

	11.5	 	permit to subsist or receive any guarantee or other assurance against loss in respect of all
or any part of the Subordinated Obligations owing to such Subordinated Lender (other than
those guarantees and/or assurances against loss that a Subordinated Lender would normally
acquire in the ordinary course of business, based upon its exercise of prudent business
judgment, including, but not limited to political risk insurance, currency and interest rate
hedging agreements, and other similar instruments; provided that such guarantees and/or
assurances do not give rise to any direct or indirect recourse against the Borrower or any of
its Subsidiaries by the providers of such guarantees and/or assurances) or accept, or
otherwise take, any collateral security for such Subordinated Obligations or commence
enforcement proceedings with respect to, or against, any collateral security for such
Subordinated Obligations;

	11.6	 	subordinate all or any part of the Subordinated Obligations owing to such Subordinated Lender
or the proceeds thereof to any sums owing by the Borrower or any of its Subsidiaries to any
Persons other than the Senior Secured Parties; or

	11.7	 	take or omit to take any action whereby the subordination hereunder of all or any part of the
Subordinated Obligations may be impaired.

Section 12. Waiver of Subrogation.

	12.1	 	Notwithstanding anything to the contrary herein or in any other Loan Document, at all times
prior to the Loan Maturity Date, each of the Subordinated Lenders irrevocably waives any claim
or other rights which it may now have or hereafter acquire against the Borrower or any of its
Subsidiaries that arise from the existence or performance of its Senior Secured Obligations
hereunder including any and all rights of subrogation, reimbursement, exoneration,
contribution, indemnification, any right to participate in any claim or remedy of the Senior
Secured Parties against the Borrower or any of its Subsidiaries, or any security which the
Senior Secured Parties may now have or hereafter acquire, by any payment made hereunder or
otherwise, including the right to take or receive from the Borrower or any Guarantor, directly
or indirectly, in cash or other property or by set-off or in any other manner, payment or
security on account of such claim or other rights.

	12.2	 	For the purposes of such waiver of subrogation, any payments or distributions to the Senior
Secured Parties of any cash, property or securities to which the Subordinated Lenders would be
entitled except for these provisions shall, as between the Borrower or any of its
Subsidiaries, on the one hand, and the Subordinated Lenders and their respective other
creditors, on the other hand, be deemed to be a payment by the Borrower or any of its
Subsidiaries, as the case may be, to or on account of the Senior Secured Obligations.

Section 13. Exercise of Powers.

	13.1	 	The Senior Secured Parties shall be entitled to exercise their rights and powers under these
subordination provisions in such a manner and at such times as the Senior Secured Parties in
their absolute discretion may determine. None of the Senior Secured Parties shall be liable
for any losses arising in connection with the exercise of or failure to exercise any of its
rights, powers and discretions hereunder.

	13.2	 	The Subordinated Lenders alone shall be responsible for their contracts, engagements, acts,
omissions, defaults and losses and for liabilities incurred by them.

EXHIBIT L

FORM OF REAFFIRMATION AGREEMENT

This REAFFIRMATION AGREEMENT, dated as of April 15, 2011 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, this “Agreement”), is
entered into by and among CKX, INC., a Delaware corporation (the “Borrower”), THE U.S.
SUBSIDIARY GUARANTORS IDENTIFIED ON THE SIGNATURE PAGES HERETO (together with the Borrower, the
“Reaffirming Parties” and each a “Reaffirming Party”) and JPMORGAN CHASE BANK,
N.A., as collateral agent for the Secured Parties (in such capacity, together with its successors
and permitted assigns in such capacity, the “Collateral Agent”).

WHEREAS, capitalized terms used herein and not otherwise defined herein shall have the
meanings assigned to them in the Amended and Restated Credit Agreement (as defined below);

WHEREAS, the Borrower, the Lenders from time to time party thereto, JPMorgan Chase Bank, N.A.,
as Administrative Agent, and the Collateral Agent have entered into the Amended and Restated Credit
Agreement, dated as of April 15, 2011 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Amended and Restated Credit Agreement”), which
amends and restates in its entirety the Revolving Credit Agreement, dated as of May 24, 2006 (as
amended by the First Amendment and Waiver, dated as of February 20, 2007, the Second Amendment,
dated as of June 1, 2007, the Third Amendment, dated as of September 27, 2007, the Fourth
Amendment, dated as of March 12, 2010, and as further amended, restated, amended and restated,
supplemented or otherwise modified prior to the date hereof, the “Original Credit
Agreement”), among the Borrower, the lenders party thereto, Bear Stearns Corporate Lending,
Inc., as administrative agent, and the other agents and arrangers party thereto;

WHEREAS, each Reaffirming Party is party to one or more of the Loan Documents and expects to
realize, or has realized, substantial direct and indirect benefits as a result of the Amended and
Restated Credit Agreement and the consummation of the transactions contemplated thereby; and

WHEREAS, the execution and delivery of this Agreement is a condition precedent to the
effectiveness of the Credit Agreement and the consummation of the transactions contemplated
thereby.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

ARTICLE I

Reaffirmation

SECTION 1.01.  Reaffirmation of Security Interest.

(a) Each of the Reaffirming Parties hereby acknowledges that it has reviewed the Amended and
Restated Credit Agreement and consents to (i) the amendment and restated of the Original Credit
Agreement effected pursuant to the Amended and Restated Credit Agreement, (ii) the terms,
conditions and other provisions of the Amended and Restated Credit Agreement and (iii) the
transactions contemplated thereby and by the other Loan Documents.

(b) Each Reaffirming Party hereby (i) confirms that each Loan Document to which it is a party
or is otherwise bound and all Collateral encumbered thereby will continue to guarantee and/or
secure, as the case may be, to the fullest extent possible in accordance with the Loan Documents,
the payment and performance of the Obligations (including all such Obligations as amended,
extended, modified, reaffirmed and/or increased pursuant to the Amended and Restated Credit
Agreement), including without limitation the payment and performance of all such Obligations that
are joint and several obligations of each Guarantor or Grantor (as defined in the Guarantee and
Collateral Agreement) now or hereafter existing, (ii) grants to the Collateral Agent for the
benefit of the Secured Parties a security interest in and continuing Lien on all of such
Reaffirming Party’s right, title and interest in, to and under all Collateral (as defined in the
Guarantee and Collateral Agreement), in each case whether now owned or existing or hereafter
acquired or arising and wherever located, as collateral security for the prompt and complete
payment and performance in full when due, whether at stated maturity, by required prepayment,
declaration, acceleration, demand or otherwise, of all Obligations (including all such Obligations
as amended, extended, modified, reaffirmed and/or increased pursuant to the Amended and Restated
Credit Agreement), subject to the terms contained in the applicable Loan Documents, (iii) confirms
its payment obligations, guarantees, pledges, grants of security interests and other obligations,
as applicable, under and subject to the terms of each of the Loan Documents to which it is a party,
and (iv) acknowledges and agrees that each Lender providing or converting Loans pursuant to the
Amended and Restated Credit Agreement is a “Lender” and a “Secured Party” for all purposes under
the Loan Documents.

(c) Each Reaffirming Party acknowledges and agrees that each of the Loan Documents to which it
is a party or otherwise bound, and each of such Reaffirming Party’s payment obligations,
guarantees, pledges, grants of security interests and other obligations, as applicable, under and
subject to the terms of each of the Loan Documents to which it is a party, shall continue in full
force and effect and that all of such obligations shall be valid and enforceable and shall not be
impaired, affected or limited by the execution or effectiveness of the Amended and Restated Credit
Agreement. Each Loan Party represents and warrants that all representations and warranties
contained in the Loan Documents to which it is a party or otherwise bound are true and correct in
all material respects (except to the extent any such representation and warranty itself is
qualified by “materiality”, “Material Adverse Effect” or similar qualifier, in which case, it is
true and correct in all respects) on and as of the Restatement Date to the same extent as though
made on and as of that date, except to the extent such representations and warranties specifically
relate to an earlier date, in which case they were true and correct in all material respects
(except to the extent any such representation and warranty itself is qualified by “materiality”,
“Material Adverse Effect” or similar qualifier, in which case, it was true and correct in all
respects) on and as of such earlier date.

ARTICLE II

Miscellaneous

SECTION 2.01. Notices. All notices hereunder shall be given in accordance with
Section 10.2 of the Amended and Restated Credit Agreement; provided that, for this purpose,
the address of each Reaffirming Party shall be the one specified for the Borrower under the Amended
and Restated Credit Agreement.

SECTION 2.02. Loan Document. This Agreement is a Loan Document executed pursuant to
the Amended and Restated Credit Agreement and shall (unless otherwise expressly indicated herein)
be construed, administered and applied in accordance with the terms and provisions thereof.

SECTION 2.03. Effectiveness; Counterparts. This Agreement shall become effective on
the Restatement Date, upon receipt by the Collateral Agent (or its counsel) of copies hereof which,
when taken together, bear the signatures of each of the Reaffirming Parties set forth on the
signature pages hereto. This Agreement may not be amended nor may any provision hereof be waived
except pursuant to a writing signed by each of the parties hereto. This Agreement may be executed
in two or more counterparts, each of which shall constitute an original but all of which when taken
together shall constitute but one contract. Delivery of an executed counterpart of a signature
page of this Agreement by facsimile or other electronic transmission (in pdf or tif format) shall
be effective as delivery of a manually executed counterpart hereof.

SECTION 2.04.  No Novation. This Agreement shall not extinguish the obligations of
the Reaffirming Parties outstanding under the Original Credit Agreement or discharge or release the
priority of any Loan Document, any security interest or Lien granted or purported to be granted
pursuant to the Guarantee and Collateral Agreement or otherwise in connection with the Original
Credit Agreement or the Amended and Restated Credit Agreement. Nothing herein contained shall be
construed as a substitution or novation of the obligations outstanding under the Original Credit
Agreement, any security interest granted pursuant to the Guarantee and Collateral Agreement or
otherwise in connection with the Original Credit Agreement, which shall remain in full force and
effect, except to any extent modified hereby or by other Loan Documents, instruments or agreements
executed concurrently herewith. Nothing in this Agreement shall be construed as a release or other
discharge of the Borrower or any other Loan Party under any Loan Document from any of its
obligations and liabilities under the Original Credit Agreement or the other Loan Documents.

SECTION 2.05. Severability. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

SECTION 2.06. Section Headings. The Section headings used in this Agreement are for
convenience of reference only and are not to affect the construction hereof or be taken into
consideration in the interpretation hereof.

SECTION 2.05. GOVERNING LAW; SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL. THIS
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. THE PROVISIONS
OF THE GUARANTEE AND COLLATERAL AGREEMENT UNDER THE HEADINGS “SUBMISSION TO JURISDICTION; WAIVERS”
(SECTION 8.12), “ACKNOWLEDGMENTS” (SECTION 8.13) AND “WAIVER OF JURY TRIAL” (SECTION 8.16) ARE
INCORPORATED HEREIN BY THIS REFERENCE, MUTATIS MUTANDIS, AS IF FULLY SET FORTH HEREIN.

IN WITNESS WHEREOF, each Reaffirming Party and the Collateral Agent have caused this Agreement
to be duly executed by their respective authorized officers as of the day and year first above
written.

CKX, INC.

By:      

Name:

Title:

U.S. SUBSIDIARY GUARANTORS:

[      ]

By:      

Name:

Title:

U.K. SUBSIDIARY GUARANTORS:

[      ]

By:      

Name:

Title:

EXHIBIT M

FORM OF NON-DISTURBANCE AGREEMENT

This NON-DISTURBANCE AGREEMENT (this “Agreement”) is made and entered as of the
15th day of April, 2011, by and between JPMorgan Chase Bank, N.A., as collateral agent
under the CKX Security Agreement (in such capacity, together with its successors and permitted
assigns in such capacity, “CKX Agent”), 19 Entertainment Limited, a company incorporated in
England and Wales (“Guarantor”), CKX, Inc., a Delaware corporation (“Borrower”),
dick clark productions, inc., a Delaware corporation (“DCP”), and The Bank of New York
Mellon Trust Company, N.A., as collateral agent (in such capacity, together with its successors and
permitted assigns in such capacity, “DCP Agent”, and together with CKX Agent, the
“Agents”) under the Pledge and Security Agreement dated as of August 13, 2010 among dcp
LLC, a Delaware limited liability company, DCP and certain of their respective affiliates and DCP
Agent (the “DCP Security Agreement”).

RECITALS

WHEREAS, Guarantor and DCP are, pursuant to certain agreements, co-owners of all intellectual
property and all other rights related to the television series currently known as So You Think You
Can Dance, including without limitation the copyright registrations listed on Schedule A
attached hereto and any other copyright registrations, whether now or hereafter filed
(collectively, the “Copyrights”), the registered trademarks listed on Schedule A
attached hereto and any other registered trademarks, whether now or hereafter filed (collectively,
the “Trademarks”, and together with the Copyrights and all other intellectual property
related to So You Think You Can Dance, the “IP Collateral”), and share equally in all
profits generated by So You Think You Can Dance (the “Profits” and together with the IP Collateral,
the “Collateral”);

WHEREAS, pursuant to the Guarantee and Collateral Agreement, dated as of May 24, 2006, by and
among Borrower, Guarantor, each other guarantor from time to time party thereto and CKX Agent (as
amended, restated, amended and restated, supplemented, renewed, replaced, extended, modified or
reaffirmed from time to time (including, without limitation, pursuant to the Reaffirmation
Agreement, dated as of April 15, 2011, among Borrower, Guarantor and the other guarantors party
thereto, the “CKX Security Agreement”), CKX Agent has a first priority security interest in
all of Borrower’s and Guarantor’s assets, including without limitation Borrower’s and Guarantor’s
rights in, to, and under the Collateral;

WHEREAS, pursuant to the DCP Security Agreement, DCP Agent has a first priority security
interest in all of DCP’s assets, including without limitation DCP’s rights in, to, and under the
Collateral;

WHEREAS, as a condition of CKX Agent and the lenders party thereto entering into the CKX
Security Agreement, CKX Agent, Borrower, Guarantor, DCP Agent and DCP wish to enter into this
Agreement to clarify the Agents’ respective rights to the Collateral, and to set forth each Agent’s
agreement not to take any action that could interfere with or disturb the other Agent’s rights to
the Collateral;

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties hereby agree as follows:

1. CKX Agent, DCP Agent, Borrower, Guarantor and DCP each represents that (i) it has the power
and authority to enter into this Agreement, and that its entry into this Agreement shall not
conflict with or violate any law, regulation, judgment, decree, consent order or contractual
agreements to which it is subject or otherwise bound; and (ii) this Agreement constitutes a legal,
valid and binding obligation, enforceable against such party in accordance with its terms, except
as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the enforcement of creditors’ rights generally and by general equitable
principles (whether enforcement is sought by proceedings in equity or at law).

2. Guarantor acknowledges and agrees that its rights in, to, and under the Collateral are
limited to its co-ownership of the IP Collateral with DCP and its equal sharing of the Profits with
DCP.

3. DCP acknowledges and agrees that its rights in, to, and under the Collateral are limited to
its co-ownership of the IP Collateral with Guarantor and its equal sharing of the Profits with
Guarantor.

4. CKX Agent agrees that, with respect to the Collateral, its security interest pursuant to
the CKX Security Agreement only grants it a security interest in Borrower’s and Guarantor’s rights
in, to, and under the Collateral.

5. DCP Agent agrees that, with respect to the Collateral, its security interest pursuant to
the DCP Security Agreement only grants it a security interest in DCP’s rights in, to, and under the
Collateral.

6. CKX Agent agrees that, so long as the DCP Security Agreement is in effect, irrespective of
any breach or default of any obligations by any of the parties thereto, CKX Agent will not take any
action against Borrower or any of its affiliates, including Guarantor, that interferes with,
disturbs, or otherwise adversely affects DCP Agent’s security interest in DCP’s rights in, to, and
under the Collateral.

7. DCP Agent agrees that, so long as the CKX Security Agreement is in effect, irrespective of
any breach or default of any obligations by any of the parties thereto, DCP Agent will not take any
action against DCP or any of its affiliates that interferes with, disturbs, or otherwise adversely
affects CKX Agent’s security interest in Borrower’s and Guarantor’s rights in, to, and under the
Collateral.

8. If, notwithstanding Paragraphs 4 through 7 above, any portion of the Collateral shall be
assumed, assigned, taken in satisfaction of debt, sold, transferred, or conveyed by any Agent or
any agent thereof through foreclosure or other means (including judicial or non-judicial sale),
then such Agent shall cause the party receiving such portion of the Collateral to acknowledge in
writing the other Agent’s security interest in, and rights in, to, and under the Collateral.

9. Guarantor, Borrower, DCP and the Agents acknowledge that the provisions of this Agreement
do not alter the pre-existing rights of the parties in the Collateral.

10. This Agreement constitutes and contains the entire understanding and agreement of the
parties respecting the subject matter hereof and cancels and supersedes any and all prior and
contemporaneous negotiations, correspondence, understandings, and agreements by and among the
parties, whether oral or written, regarding such subject matter. This Agreement may be modified,
changed or amended only in writing signed by the parties hereto, or their respective successors and
assigns. This Agreement shall inure to the benefit of and be binding upon the parties hereto, and
their respective successors and assigns. Each Agent shall only be bound by this Agreement for so
long as it is a secured party under either the CKX Security Agreement or DCP Security Agreement, as
applicable. No Agent shall be liable for any breach or default of the other Agent. Each Agent
agrees that it shall not transfer or assign any interest in the CKX Security Agreement or DCP
Security Agreement, as applicable, without first obtaining a written agreement from such transferee
or assignee agreeing to be bound by the terms of this Agreement in form and substance satisfactory
to the other Agent.

11. Each Agent represents and warrants to the other Agent that, as of the date hereof, such
Agent has not initiated foreclosure proceedings and is not exercising remedies under the CKX
Security Agreement or DCP Security Agreement, as applicable, against the Borrower, Guarantor or
DCP, or any of their assets, and has no present intention to do so.

12. Because the award of monetary damages would be an inadequate remedy, in the event of a
breach or threatened breach by any Agent of any of the provisions of this Agreement, each Agent
shall be entitled to an injunction restraining the breaching Agent from undertaking any such breach
or threatened breach. Nothing herein shall be construed as prohibiting each Agent from pursuing any
other remedies available to it for such breach or threatened breach, including the recovery of
damages from the other Agent. In no event shall any Agent be responsible or liable for special,
indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to,
loss of profit) irrespective of whether such Agent has been advised of the likelihood of such loss
or damage and regardless of the form of action.

13. The interpretation, validity and enforcement of this Agreement shall be governed by and
construed under the internal laws of the State of New York, excluding its principles of conflict of
laws.

14. This Agreement may be executed in any number of counterparts, all of which counterparts
shall together constitute one and the same instrument. Delivery of an executed signature page of
this Agreement by facsimile or other electronic transmission shall be effective as delivery of a
manually executed counterpart hereof.

15. In connection with its execution and acting hereunder, each of the CKX Agent and the DCP
Agent are entitled to all rights, privileges, benefits, protections, immunities and indemnities
provided to each of them under, respectively, the CKX Security Agreement and the DCP Security
Agreement.

16. Each party hereto acknowledges that The Bank of New York Mellon Trust Company, N.A. is
entering into this agreement solely in its capacity as collateral agent under the DCP Security
Agreement and not in its individual capacity and in no event shall The Bank of New York Mellon
Trust Company, N.A. be personally liable in connection with this Agreement, all such liability, if
any, being expressly waived by the parties hereto and any person claiming by, through or under such
party.

17. Each party hereto acknowledges that JPMorgan Chase, N.A. is entering into this agreement
solely in its capacity as collateral agent under the CKX Security Agreement and not in its
individual capacity and in no event shall JPMorgan Chase, N.A. be personally liable in connection
with this Agreement, all such liability, if any, being expressly waived by the parties hereto and
any person claiming by, through or under such party.

18. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING
OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT.

19. Notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent by
fax, as follows:

(a) if to the Borrower:

CKX, Inc.

650 Madison Avenue, 16th Floor

New York, New York 10022

Attention: General Counsel

Telecopy: (212) 753-3188

Telephone: (212) 407-9101

With a copy to:

Paul, Hastings, Janofsky & Walker LLP

75 East 55th Street

New York, New York 10022

Attention: William Schwitter, Esq.

Telecopy: (212) 230-7834

Telephone: (212) 318-6400

(b) if to the Guarantor:

19 Entertainment Limited

c/o CKX, Inc.

650 Madison Avenue, 16th Floor

New York, New York 10022

Attention: General Counsel

Telecopy: (212) 753-3188

Telephone: (212) 407-9101

With a copy to:

Paul, Hastings, Janofsky & Walker LLP

75 East 55th Street

New York, New York 10022

Attention: William Schwitter, Esq.

Telecopy: (212) 230-7834

Telephone: (212) 318-6400

(c) if to DCP:

dick clark productions, inc.

2900 Olympic Blvd Santa Monica, California 90404

Attention: General Counsel

Telecopy: (310) 255-4661

Telephone: (310) 255-4600.

With a copy to:

Kenneth G. Alberstadt

Akerman Senterfitt LLP

335 Madison Avenue 26th Floor

New York, New York 10017

Telephone: (212) 880-3800

Telecopy: (212) 880-8965

(d) if to CKX Agent:

JPMorgan Chase Bank, N.A.

270 Park Avenue

New York, New York 10017

Attention: Peter Thauer

Telecopy: (212) 270-5127

Telephone: (212) 270-6289

and

JPMorgan Chase Bank, N.A.

1111 Fannin Street, Floor 10

Houston, Texas 77002

Attention: Sheila King

Telecopy: (713) 750-2878

Telephone: (713) 750-2242

and

JPMorgan Chase Bank, N.A.

1111 Fannin Street, Floor 10

Houston, Texas 77002

Attention: Sylvia Gutierrez

Telecopy: (713) 750-2878

Telephone: (713) 750-7919

With a copy to:

Latham & Watkins LLP

885 Third Avenue, Suite 1000

New York, New York 10022

Attention: Michèle Penzer, Esq.

Telecopy: (212) 751-4864

Telephone: (212) 906-1245

(e) if to DCP Agent:

The Bank of New York Mellon Trust Company, N.A., Corporate Trust
Administration

700 S. Flower Street, 5th Floor, Los Angeles, California 90017
Telecopy: (213) 630-6298

Telephone: (213) 630-6489.

All notices and other communications given to any party hereto in accordance with the
provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered
by hand or overnight courier service or sent by fax or on the date five Business Days after
dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed
(properly addressed) to such party as provided in this Section 19 or in accordance with the latest
unrevoked direction from such party given in accordance with this Section 19. Notices and other
communications may also be delivered by e-mail to the e-mail address of a representative of the
applicable Party provided from time to time by such Party.

[Signature Page Follows]

22

IN WITNESS WHEREOF, CKX Agent, DCP Agent, Borrower, Guarantor and DCP have caused this
Agreement to be duly executed and delivered by their proper and duly authorized officers as of the
date first above written.

	 	 	 
	JPMORGAN CHASE BANK, N.A., not in its	 	THE BANK OF NEW YORK MELLON TRUST
	individual capacity, but solely as	 	COMPANY, N.A., not in its
	collateral agent	 	individual capacity, but solely as
	By:	 	collateral agent
	—

	 	By:
	Name:

Title:

	 	—

Name:
	
 
	 	Title:
	CKX, INC.

By:

	 	19 ENTERTAINMENT LIMITED

By:
	 

	 	 
	Name:

	 	Name:
	Title:

	 	Title:
	dick clark productions, inc.

By:

	 	

	 

	 	

	Name:

	 	

	Title:

	 	

SCHEDULE A

(attached separately)

23Exhibit 10.1

Exhibit 10.1

Consent of independent registered public accounting firm 

We consent to the incorporation by reference in the Registration Statement on Form S-8 (File No. 333-114841) pertaining to the France Telecom Liquidity Plan for US Employees of Orange SA and in the Registration Statement and related Prospectus on Form F-3 (File No. 333-156003) of our report dated February 24, 2011 relating to the consolidated financial statements of France Telecom and subsidiaries (which report expresses an unqualified opinion and includes an explanatory paragraph relating to the application, since January 1, 2010, of new standards and interpretations, as it relates to accounting for interests in jointly controlled entities and accounting for actuarial gains and losses on defined benefit plans), and our report dated February 24, 2011 on the effectiveness of France Telecom’s internal control over financial reporting, appearing in this Annual Report on Form 20-F of France Telecom for the year ended December 31, 2010.

/s/    DELOITTE & ASSOCIÉS 

Neuilly-sur-Seine, France 

April 21, 2011

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