Material Event Form 8 K

On September 13, 2024, January Capital HoldCo, LLC ("Borrower"), a wholly owned subsidiary of Endeavor Group Holdings, Inc., entered into a Margin Loan Agreement (the "Margin Loan Agreement"), by and between the lenders party thereto and the Administrative Agent and Calculation Agent named therein.

Under the Margin Loan Agreement, the Borrower may borrow up to $175.0 million, which was fully drawn on September 13, 2024. The facility will mature on September 13, 2029. As security for the Margin Loan Agreement, the Borrower has granted a first-priority lien to the lenders, pro rata to the amount of their commitments, on 6.1 million common units of TKO Operating Company, LLC and a corresponding number of shares of Class B common stock, par value $0.00001 per share, of TKO Group Holdings, Inc. (collectively, the "Pledged Securities").

If the Borrower defaults on its obligations under the Margin Loan Agreement, then the lenders can declare all amounts outstanding under the Margin Loan Agreement, with accrued interest, to be immediately due and payable, and if the Borrower is unable to pay such amounts, the lenders may foreclose on the Pledged Securities and any other collateral that then secures borrowings under the Margin Loan Agreement.