TKO enters new employment agreement with President/COO Shapiro through 2027

TKO Group Holdings, Inc.

Base salary $4M/yr; $4M cash bonus for FY2023; target $6M annual bonus thereafter.
One-time equity award of 252,749 RSUs ($20M value based on 20-day avg closing price).
Annual equity target $10M; term expires Dec 31, 2027 with renewal provisions.
Shapiro continues to provide services to Endeavor Group in his current roles.
Severance includes base salary through later of Dec 31, 2027 or 2 years post-termination.

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