Howard Halpern

Jack Codera

Jack Kodera

Scott Buck

- Super League Enterprise, Inc. (SLE) entered into an Amended & Restated Exchange Agreement on **September 12, 2025**, to exchange existing preferred stock (Series AA, AAA, and Junior Preferred) for newly issued **Series B Convertible Preferred Stock**.  **[1621672_0001437749-25-029401_slgg20250918_8k.htm:1]** 
- Up to **16,426 shares** of Series B Preferred will be issued, each with a **stated value of $1,000.00** and an initial **conversion price of $7.00 per share**.  **[1621672_0001437749-25-029401_slgg20250918_8k.htm:1]** **[1621672_0001437749-25-029401_ex_862749.htm:2]** **[1621672_0001437749-25-029401_ex_862749.htm:4]**  The Series B Preferred is convertible at the Company's discretion, mandatorily on **February 11, 2026**, or at the holder's option.  **[1621672_0001437749-25-029401_slgg20250918_8k.htm:3]** **[1621672_0001437749-25-029401_ex_862749.htm:6]** 
- The newly issued Series B Preferred Stock will rank **senior** to the Company's Common Stock, Series AA Preferred, Series AAA Preferred, and Series AAA Jr. Preferred, but **junior** to any future series of Preferred Stock.  **[1621672_0001437749-25-029401_slgg20250918_8k.htm:3]** **[1621672_0001437749-25-029401_ex_862749.htm:5]** 
- In connection with this exchange, the participating preferred stockholders waived certain rights, including additional investment rights and remedies related to prior issuances below conversion price floors and incurrence of indebtedness, and agreed to vote their shares with management for six months.  **[1621672_0001437749-25-029401_slgg20250918_8k.htm:1]** **[1621672_0001437749-25-029401_ex_862748.htm:2]**

Super League Enterprise (SLE)