* |
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided in a prior cover page.
|
1
|
NAME OF REPORTING PERSON
Mubadala Investment Company PJSC
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐ (b) ☒
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
OO
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
The Emirate of Abu Dhabi, United Arab Emirates
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
2,232,747
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
2,232,747
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON (1)
2,232,747
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (1)
0.7%(1)
|
14
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TYPE OF REPORTING PERSON
CO
|
(1) |
The percentage reported herein was calculated based upon 301,078,199 shares Class A common stock of the Issuer outstanding as of March 8, 2024, as reported in the Merger Agreement (as defined below)
attached as an exhibit to the Issuer’s Form 8-K filed with the U.S. Securities and Exchange Commission on April 3, 2024.
|
1
|
NAME OF REPORTING PERSON
Mamoura Diversified Global Holding PJSC
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐ (b) ☒
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
OO
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
The Emirate of Abu Dhabi, United Arab Emirates
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
2,232,747
|
|
9
|
SOLE DISPOSITIVE POWER
0 shares
|
|
10
|
SHARED DISPOSITIVE POWER
2,232,747
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON (1)
2,232,747
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (1)
0.7%(1)
|
14
|
TYPE OF REPORTING PERSON
CO
|
(1) |
The percentage reported herein was calculated based upon 301,078,199 shares Class A common stock of the Issuer outstanding as of March 8, 2024, as reported in the Merger Agreement (as defined below)
attached as an exhibit to the Issuer’s Form 8-K filed with the U.S. Securities and Exchange Commission on April 3, 2024.
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Exhibit
Number |
Description
|
|
1
|
Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Exchange Act.
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2
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Preferred Equity Commitment Letter
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MUBADALA INVESTMENT COMPANY PJSC
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||
By:
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/s/ Samer Halawa |
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Name:
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Samer Halawa |
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Title:
|
Chief Legal Officer |
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MAMOURA DIVERSIFIED GLOBAL HOLDING PJSC
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||
By:
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/s/ Samer Halawa |
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Name:
|
Samer Halawa |
|
Title:
|
Chief Legal Officer |
Name
|
Present Principal Occupation or Employment
|
Business Address
|
Citizenship
|
Directors
|
|
|
|
His Highness Sheikh Mansour bin Zayed Al Nahyan
|
Vice President, Deputy Prime Minister and Minister of the Presidential Court of the United Arab Emirates, Chairman
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
His Highness Sheikh Theyab bin Mohamed Al Nahyan
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Member
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
His Excellency Khaldoon Khalifa Al Mubarak
|
Managing Director and Group Chief Executive Officer, Mubadala Investment Company
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
His Excellency Dr. Sultan Ahmed Al Jaber
|
Minister of Industry and Advanced Technology, Member
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
His Excellency Suhail Mohamed Faraj Al Mazrouei
|
Cabinet Member and Minister of Energy & Infrastructure
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
His Excellency Saif Saeed Al Ghobash
|
Secretary-General of Abu Dhabi Executive Council, Member
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
His Excellency Abdulhamid Mohammed Saeed
|
Member
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
Executive Officers
|
|
|
|
His Excellency Khaldoon Khalifa Al Mubarak
|
Managing Director and Group Chief Executive Officer
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P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
Waleed Al Mokarrab Al Muhairi
|
Deputy Group Chief Executive Officer
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
Homaid Abdulla Al Shimmari
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Deputy Group CEO, Chief Corporate & Human Capital Officer
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
Carlos Antoine Obeid
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Chief Financial Officer
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
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UAE
|
Samer Saleh Halawa
|
Chief Legal Officer
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
Jordan
|
Ahmed Yahia Al Idrissi
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Chief Executive Officer, Direct Investments
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
Canada
|
Hani Ahmed Hussain Barhoush
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Chief Executive Officer, Diversified Investments
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
United States
|
Dr. Bakheet Saeed Bakheet Salem Al Katheeri
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Chief Executive Officer, UAE Investments
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
Ahmed Saeed Al Calily
|
Chief Strategy and Risk Officer
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
Saeed Mohamed Al Mazrouei
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Managing Director and CEO, Abu Dhabi Investment Counsel
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
Khaled Salem Al Shamlan
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Chief Executive Officer, Real Estate & Infrastructure Investments
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
|
UAE
|
Mamoura Diversified Global Holding PJSC
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|||
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Name
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Present Principal Occupation or Employment
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Business Address
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Citizenship
|
Waleed Al Mokarrab Al Muhairi
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Chairman
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P.O. Box 45005, Abu Dhabi, United Arab Emirates
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UAE
|
Homaid Abdulla Al Shimmari
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Deputy Group CEO, Chief Corporate & Human Capital Officer, Mubadala Investment Company
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
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UAE
|
Carlos Antoine Obeid
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Chief Financial Officer, Mubadala Investment Company
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
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UAE
|
Samer Saleh Halawa
|
Chief Legal Officer, Mubadala Investment Company
|
P.O. Box 45005, Abu Dhabi, United Arab Emirates
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Jordan
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MUBADALA INVESTMENT COMPANY PJSC
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||
By:
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/s/ Samer Halawa |
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Name:
|
Samer Halawa |
|
Title:
|
Chief Legal Officer |
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MAMOURA DIVERSIFIED GLOBAL HOLDING PJSC
|
||
By:
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/s/ Samer Halawa |
|
Name:
|
Samer Halawa |
|
Title:
|
Chief Legal Officer |
April 2, 2024
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1. |
Commitments. (x) Each of DFO and Mubadala hereby commits, severally and not jointly, subject to the terms and conditions set forth herein, that, at (and subject to) the
closing of the Acquisition (“Closing”), it shall provide or shall cause to be provided to Buyer, in exchange for a preferred equity interest in Endeavor Group Holdings, Inc. (“Issuer”), to be issued on the terms set forth on Exhibit
B, for an amount equal to $300,000,000 and $200,000,000, respectively, of the Preferred Financing (the “Commitments”), which Commitment in respect of each of the Purchasers may be increased, at such Purchaser’s option (such
option to be exercised within 10 business days of the receipt of written notice from you of a Ratings Event (as defined below)), in the event that the Issuer has obtained a credit rating or an
|
2. |
Information. You hereby represent and warrant that (a) all written information and written data (such information and data, other than (i) estimates, forecasts and other
projections (the “Projections”) and (ii) information of a general economic or industry specific nature, the “Information”) (in the case of Information regarding the Target and its subsidiaries and its
|
3. |
Closing Payments; Alternative Transaction Fee; Expenses. As consideration for the Commitments hereunder, Issuer agrees, (x) if and only if the Closing of the portion of the
Preferred Financing for which a Purchaser has provided Commitments and the Transactions occurs, to pay, or cause to be paid, to such Purchaser a non-refundable closing payment as set forth on Annex I (the “Closing Payment”), which such
Purchaser may elect to net fund, (y) if and only if the Closing of the Acquisition by Buyer, Silver Lake or any one or more of their affiliates occurs, and the Preferred Financing allocated to a particular Purchaser is not funded as a result
of a failure of a condition to such Purchaser’s Commitments hereunder to be satisfied (provided such Purchaser is not then in breach of this Commitment Letter so as to cause any of the conditions to such Purchaser’s Commitments hereunder not
to be satisfied (or to be incapable of fulfillment)), to pay, or cause to be paid, to such Purchaser a nonrefundable alternate transaction fee as set forth on Annex I (assuming all such Commitments were funded), which the Issuer and such
Purchaser agree constitutes liquidated damages payable to compensate such Purchaser for the lost investment opportunity, and (z) if the
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4. |
Conditions. The Commitments of each Purchaser hereunder shall be subject solely to conditions expressly set forth in Exhibit C to this Commitment Letter (the “Funding
Conditions”), and upon satisfaction (or waiver by such Purchaser in accordance with this Commitment Letter) of such conditions, the initial funding of the Commitment of such Purchaser shall occur; it being understood that there are no
conditions (implied or otherwise) to the commitments hereunder, including compliance with the terms of this Commitment Letter other than the Funding Conditions that are expressly stated to be conditions to the issuance and sale of the
Preferred Equity on the Closing Date.
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5. |
Limitation on Liability; Indemnity; Settlement.
|
6. |
Confidentiality. You agree that you will not disclose, directly or indirectly, prior to your acceptance hereof, this Commitment Letter, the Term Sheet, the other exhibits and
attachments hereto or the contents of each thereof, or the activities of any Purchaser pursuant hereto or thereto, to any person or entity without the prior written approval of the Purchasers (such approval not to be unreasonably withheld,
delayed or conditioned), except (a) to the Investors (as defined in Exhibit A) and to any of your or the Investors’ affiliates and your and their respective officers, directors, employees, agents, attorneys, accountants, advisors,
controlling persons and equity holders and to actual and potential co-investors who are informed of the confidential nature thereof, on a confidential and need-to-know basis, (b) if the Purchasers consent in writing to such proposed
disclosure or (c) pursuant to an order of any court or administrative agency or in any pending legal, judicial or administrative proceeding, or otherwise as required by applicable law, rule or regulation or compulsory legal process or to the
extent requested or required by governmental and/or regulatory authorities, in each case based on the reasonable advice of your legal counsel (in which case you agree, to the extent practicable and not prohibited by applicable law, rule or
regulation, to inform us promptly thereof prior to disclosure); provided that (i) you may disclose this Commitment Letter and the contents hereof (other than with respect to Section 3 hereof and information with respect to fees, compensation
or discounts within the Term Sheet) to the Target, its subsidiaries and affiliates and its and their respective officers, directors, employees, agents, attorneys, accountants, advisors and controlling persons, on a confidential and
need-to-know basis, (ii) you may disclose the Commitment Letter and its contents (including the Term Sheet and other exhibits and attachments hereto) (but not the contents of Section 3 hereof or information with respect to fees, compensation
or discounts within the Term Sheet) in any syndication or other marketing materials in connection with the Credit Facilities (as defined in Exhibit A) and Margin Bridge Facility (as defined in Exhibit A) (including any
marketing materials and information memorandum used in connection therewith), (iii) you may disclose the aggregate fee amounts contained in this Commitment
|
8. |
Each Purchaser represents that (i) it is an “accredited investor” within the meaning of Regulation D, Rule 501(a), promulgated by the SEC under the Securities Act, as presently in
effect and (ii) it is able to fend for itself, can bear the economic risk of its investment in the Preferred Financing, and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and
risks of the investment in the Preferred Financing.
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9. |
Efforts. You agree that Mubadala shall not be required to provide any non-public information with respect to itself or any of its affiliates except (i) such information that
you reasonably determine is necessary to comply with any law, rule or regulation to which you and/or Silver Lake may be subject, including, without limitation, anti-money laundering, CFIUS and/or tax laws, rules or regulations or changes to
your policies or the policies of Silver Lake or its administrator designed to comply with such laws, rules or regulations or (ii) to the extent that you and/or Silver Lake is subject to a governmental or regulatory investigation or inquiry
that requires such information (in each case, Mubadala shall provide such information to you to the extent (i) such information is available and (ii) Mubadala is not prohibited from providing such information based on the laws, regulations
and public policies applicable to it; provided, that Mubadala shall use commercially reasonable efforts to cooperate with you and Silver Lake in the provision of such information in a manner that will be compliant with such applicable law or
regulation); provided, further, that Mubadala shall bear any fees, costs, fines or penalties resulting from its failure to provide any information reasonably requested by you or Silver Lake.
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10. |
Effectiveness; Expiration. If the foregoing correctly sets forth our agreement, please indicate your acceptance of the terms of this Commitment Letter by returning to the
Purchasers (or their legal counsel on behalf of the Purchasers), executed counterparts hereof not later than 11:59 p.m., New York City time, on April 3, 2024. The Purchasers’ respective Commitments and obligations of the Purchasers hereunder
will expire at such time in the event that the Purchasers (or their legal counsel) have not received such executed counterparts in accordance with the immediately preceding sentence. If you do so execute and deliver to us this Commitment
Letter at or prior to such time, we agree to hold our commitment to provide the Preferred Financing and our other undertakings in connection therewith available for you until the earliest of (i) after execution and delivery of the Acquisition
Agreement and prior to the consummation of the Transactions, the termination of the Acquisition Agreement by you (or your affiliate) or with your (or your affiliate’s) written consent in accordance with its terms (other than with respect to
provisions therein that expressly survive termination), (ii) the consummation of the Acquisition without the issuance by the Issuer of the Preferred Financing; and (ii) 11:59 p.m., New York City time on the date that is five business days
after the Outside Date (as defined in and as may be extended pursuant to the Acquisition Agreement as in effect as of the date hereof) (such earliest time, the “Expiration Date”). Upon the occurrence of any of the events referred to
in the preceding sentence, this Commitment Letter and the commitments of the Purchasers hereunder shall automatically terminate unless the Purchasers shall, in their sole discretion, agree to an extension in
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Sincerely,
|
||
DFO PRIVATE INVESTMENTS, L.P.
|
||
By:
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/s/ Marc R. Lisker |
|
Name:
|
Marc R. Lisker | |
Title:
|
President | |
Sincerely,
|
||
THIRTY FIFTH INVESTMENT COMPANY L.L.C.
|
||
By:
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/s/ Matthew Ryan |
|
Name:
|
Matthew Ryan | |
Title:
|
Authorized Signatory |
|
By:
|
/s/ Hani Barhoush |
|
Name:
|
Hani Barhoush | |
Title:
|
Authorized Signatory |
By: |
SLP WILDCAT AGGREGATOR GP, L.L.C., its general partner
|
By: |
Silver Lake Technology Associates VII, L.P., its managing member
|
By: |
SLTA VII (GP), L.L.C., its general partner
|
By: |
Silver Lake Group, L.L.C., its managing member
|
By: |
/s/ Egon Durban
|
Name: |
Egon Durban
|
Title: |
Co-CEO
|