On September 12, 2023 pursuant to the Transaction Agreement, dated as of April 2, 2023, by and among Endeavor Group Holdings Inc., Endeavor Operating Company, LLC, TKO Operating Company, LLC, World Wrestling Entertainment Inc. TKO Group Holdings Inc., and Whale Merger Sub Inc., (i) WWE undertook certain internal restructuring steps as further described in the Transaction Agreement; (ii) Merger Sub merged with and into WWE, with WWE surviving the Merger and becoming a direct wholly owned subsidiary of TKO; (iii) immediately following the Merger, TKO caused the Surviving Entity to be converted into a Delaware limited liability company and TKO became the sole managing member of WWE LLC; and (iv) following the Conversion, TKO (x) contributed all of the equity interests of WWE LLC to TKO OpCo in exchange for 49% of the membership interests in TKO OpCo on a fully diluted basis, and (y) issued to EOC and certain of Endeavor?s other subsidiaries a number of shares of TKO?s Class B common stock, par value $0.00001 per share, representing, in the aggregate, 51% of the total voting power of TKO?s stock on a fully-diluted basis, in exchange for a payment equal to the par value of such TKO Class B Common Stock. Effective concurrently with the Effective Time, the directors of WWE ceased to be directors of WWE pursuant to the terms of the Transaction Agreement, and Nick Khan became the sole director of WWE. Effective concurrently with the Conversion, Nick Khan ceased to be a director of WWE and TKO became the sole managing member of WWE LLC.

All officers of WWE, including WWE?s principal executive officer, president, principal financial officer, principal accounting officer and principal operating officer, ceased to be officers of WWE upon execution by TKO of the amended and restated limited liability company agreement of WWE LLC, dated as of September 12, 2023. The officers? departures were not the result of any disagreement with WWE or any matter related to WWE?s operations, policies or practices.

Pursuant to the A&R WWE LLCA, Nick Khan was appointed President of WWE LLC.