THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

CKX, Inc. (CKXE)

4/4/2006 Proxy Information

On February 7, 2005, our wholly owned subsidiary, Elvis Presley Enterprises, Inc., entered into a ten-year consulting agreement with Priscilla Presley for the provision of consulting services to us with respect to our operation of the Presley business. In consideration of such services, Ms. Presley will be paid $560,000 per year.

In February 2005, the Company entered into a sublease for approximately 16,810 square feet for its principal corporate offices in New York, New York. The prior subtenants from whom we assumed the terms of the sublease were FXM, Inc. ("FXM") and MJX Asset Management LLC ("MJX"). Mr. Sillerman is the managing member of MJX and is the principal stockholder of FXM. Messrs. Ferrel, Tytel, Slater, Benson and Fox are also investors in MJX and FXM. The terms of the sublease are identical to those which governed FXM's and MJX's occupation of such space. In accordance with certain requirements set forth in the existing sublease for the space, FXM was required to remain as a guarantor to the Company's obligations under the sublease. The Company has agreed to use its best efforts to have FXM released from these obligations. While the Company was not yet subject to the rules and regulations of The NASDAQ National Market¨ at the time of this transaction, the transaction was subsequently ratified by the independent members of our board of directors in accordance with The NASDAQ National Market's¨ rules for affiliated transactions.

In connection with the closing of the acquisition of the Company's 85% interest in the Presley Business, described above under "Change of Control Information," the Company was required to reimburse FXM for approximately $1.0 million of third party expenses previously paid by FXM on the Company's behalf and $1.2 million of overhead and similar expenses incurred by FXM on the Company's behalf in connection with the consummation of the various transactions that resulted in the Company's acquisition of the Presley Business. While the Company was not yet subject to the rules and regulations of The NASDAQ National Market¨ at the time of this transaction, the transaction was subsequently ratified by the independent members of our board of directors in accordance with The NASDAQ National Market's¨ rules for affiliated transactions.

Under the terms of their employment agreements, certain employees of the Company, including Messrs. Tytel, Benson and Fox, are permitted to spend a portion of their time providing services for Mr. Sillerman and/or MJX. In addition, certain non-management employees provide services for Mr. Sillerman and/or MJX. The Compensation Committee of our board of directors reviews the amount of time spent on outside endeavors by CKX employees on a quarterly basis, and to the extent the Compensation Committee believes any such employee is engaging in outside activities at a level whereby he is being compensated by the Company for the time spent on such outside activities, the Compensation Committee may require that the employee reduce the level of outside services being performed, and further, may require that the recipient of such services (either Mr. Sillerman or MJX) reimburse the Company for the compensation attributable to the time spent thereon. In 2005, the Compensation Committee determined that employees of CKX had provided services to MJX and/or Mr. Sillerman with an aggregate value of $80,713. Mr. Sillerman's salary for the year ended December 31, 2005 was reduced by such amount to compensate the Company for such services.

Although Mr. Sillerman is an investor as a limited partner in an affiliate of The Huff Alternative Fund, L.P. which, together with that affiliate, invested $43.8 million in the Company in 2005, Mr. Sillerman and The Huff Alternative Fund, L.P. and that affiliate agreed that Mr. Sillerman would not participate in the investment in CKX by The Huff Alternative Fund, L.P. and its affiliate. In addition, Mr. Banks, a member of the Company's board of directors, serves as a Portfolio Manager for W. R. Huff Asset Management Co., L.L.C., an investment management firm.

In February 2005, CKX issued 10,000 shares of Common Stock to All-American Sportpark, Inc., in satisfaction of certain indebtedness of the Company to All-American Sportpark in an approximate amount of $270,000. Certain former principal stockholders of the Company, including Ronald S. Boreta, are principal stockholders in All-American Sportpark. Additionally, certain former directors of the Company, including Ronald S. Boreta, Vaso Boreta, William Kilmer and Robert R. Rosburg are currently directors of All-American Sportpark.

Other than the aforementioned, there have been no transactions during the last two years, or proposed transactions, to which we were or will be a party, in which any director, executive officer, beneficial owner of more than 5% of the Company's Common Stock or any member of the immediate family (including spouse, parents, children, siblings and in-laws) of any of these persons, had or is to have a direct or indirect material interest.

Any future transactions with officers, directors or 5% stockholders will be on terms no less favorable to the Company than could be obtained from independent parties. Any affiliated transactions must be approved by a majority of the Company's independent and disinterested directors who will have access to the Company's counsel or independent legal counsel at the Company's expense.

5/19/2005 S/1-A Information

On February 7, 2005, our wholly owned subsidiary, Elvis Presley Enterprises, Inc., entered into a ten-year consulting agreement with Priscilla Presley for the provision of consulting services to us with respect to our operation of the Presley business. In consideration of such services, Ms. Presley will be paid $560,000 per year.

Mr. Sillerman, through his ownership of limited partnership interests and certain interests in the general partner, is an investor in StarVest Partners, L.P., a $150 million venture capital investment fund, in which John D. Miller is both an investor and serves as a managing member. Mr. Sillerman has also co-invested with StarVest Partners in several portfolio companies in which the fund invested. The terms of Mr. Sillerman's investment in StarVest Partners are standard and customary for private equity investments of this type. Mr. Sillerman has no special rights not afforded to the other limited partners or investors in the general partner of StarVest Partners. Mr. Tytel is also an investor as a limited partner in StarVest Partners. Mr. Miller is a member of our Nominating and Corporate Governance Committee and the chairman of our Compensation Committee.

Immediately prior to the consummation of the various transactions resulting in our acquisition of the Presley business, we entered into a sublease for approximately 16,810 square feet for its principal corporate offices in New York, New York. The prior subtenants from whom we assumed the terms of the sublease were FXM, Inc. and MJX Asset Management LLC. Mr. Sillerman is the managing member of MJX and is the principal stockholder of FXM. Messrs. Ferrel, Tytel, Slater, Benson and Fox are also investors in MJX and FXM. The terms of our sublease are identical to those which governed FXM's and MJX's occupation of such space. In accordance with certain requirements set forth in the existing sublease for the space, FXM was required to remain as a guarantor to our obligations under the sublease. We have agreed to use our best efforts to have FXM released from these obligations. While the company was not yet subject to the rules and regulations of The NASDAQ National Market¨ at the time of this transaction, the transaction was subsequently ratified by the independent members of our board of directors in accordance with The NASDAQ National Market's rules for affiliated transactions.

Under the terms of their employment agreements, certain of our employees, including Messrs. Tytel, Benson and Fox, are permitted to spend a portion of their time providing services for Mr. Sillerman and/or MJX. The Compensation Committee of our board of directors will review the amount of time spent on outside endeavors by employees on a quarterly basis, and to the extent the Compensation Committee believes any such employee is engaging in outside activities at a level whereby he is being compensated by us for the time spent on such outside activities, the Compensation Committee will require that the employee reduce the level of outside services being performed, and further, will require that the recipient of such services (either Mr. Sillerman or MJX) reimburse us for the compensation attributable to the time spent thereon. In any event, the Compensation Committee will consider the amount of time dedicated to outside activities in determining the appropriate compensation for the employees involved.

In connection with the closing of the acquisition of our 85% interest in the Presley business, we were required to reimburse FXM for approximately $1.0 million of third party expenses previously paid by FXM on our behalf and $1.2 million of overhead and similar expenses incurred by FXM on our behalf in connection with the consummation of the various transactions that resulted in our acquisition of the Presley business. While the company was not yet subject to the rules and regulations of The NASDAQ National Market¨ at the time of this transaction, the transaction was subsequently ratified by the independent members of our board of directors in accordance with The NASDAQ National Market's¨ rules for affiliated transactions.

Although Mr. Sillerman is an investor as a limited partner in an affiliate of The Huff Alternative Fund, L.P. which, together with that affiliate, invested $43.8 million in our company, Mr. Sillerman and The Huff Alternative Fund, L.P. and that affiliate agreed that Mr. Sillerman would not participate in the investment in our company by The Huff Alternative Fund, L.P. and its affiliate.

Bruce Morrow was the Chairman of the Board of Multi-Market Radio, a company in which Mr. Sillerman was the largest individual stockholder, and which was acquired by SFX Broadcasting, Inc., for which Mr. Sillerman previously served as Chairman and Chief Executive Officer. Messrs. Ferrel, Tytel and Benson were also stockholders and directors of SFX Broadcasting, Inc.

Simon Fuller is an investor in and director of Popworld Limited, a media-based company, in which we own 12%. Under the terms of his employment and non-compete agreements, Mr. Fuller has agreed not to be involved with the management or oversight of Popworld Limited beyond his role as a director.

Mr. Morrow is a minority participant in an investment made by Mr. Sillerman in a theatrical production.

In February 2005, our company issued 10,000 shares of common stock to All-American Sportpark, Inc., in satisfaction of certain indebtedness of our company to All-American Sportpark in an approximate amount of $270,000. Certain former principal stockholders of our company, including Ronald S. Boreta, are principal stockholders in All-American Sportpark. Additionally, certain former directors of our company, including Ronald S. Boreta, Vaso Boreta, William Kilmer and Robert R. Rosburg are currently directors of All-American Sportpark.