DWA Dreamworks Animation Skg, Inc. (MM)

On April 5, 2016, DreamWorks Animation SKG, Inc. (the “Company”) entered into the First Amendment (as amended or otherwise modified from time to time, the “Credit Agreement Amendment”), among the Company, certain subsidiaries of the Company, the several lenders and L/C Issuers from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and L/C Issuer, to the Credit Agreement dated as of February 20, 2015 (as amended or otherwise modified from time to time, the “Credit Agreement”), among the Company, the several lenders and L/C Issuers from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and L/C Issuer. The Credit Agreement Amendment provides that, among other things, the sale and issuance of equity interests in AwesomenessTV Holdings, LLC, a Delaware limited liability company and subsidiary of the Company (“ATV”), to Verizon Media LLC, a Delaware limited liability company and an affiliate of Verizon Communications Inc. (“Verizon”), and the issuance of equity interests in ATV to HDS II, Inc., a Delaware corporation and an affiliate of Hearst Corporation (“Hearst”), will constitute an Excluded Asset Sale (as defined in the Credit Agreement).

The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference. The Credit Agreement was previously filed as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed on February 26, 2015.