Contract analysis

I. Introduction We write on behalf of our client, Aurelius Media Americas Inc. ("AMA"), a wholly owned United States subsidiary of Aurelius Global Media Group PLC ("AGMG"), to provide formal notice of a potential claim under Directors' and Officers' Liability Policy No. RSI-DO-2022-04419 issued by Redcliffe Specialty Insurance Ltd. (the "Policy"). Calderwood & Harkness LLP ("C&H") serves as outside litigation counsel

II. Description of Potential Claims Implicating D&O Coverage A. Class Action — *Fuentes v. Aurelius Media Americas Inc.*, LASC Case No. 22STCV38214 On November 1, 2022, a putative class action complaint was filed in the Superior Court of the State of California, County of Los Angeles, captioned Marisol Fuentes v. Aurelius Media Americas Inc., Case No. 22STCV38214 (the "Fuentes Action"). A true and correct copy of the

III. Nature of This Notice This notice is provided on a precautionary basis, out of an abundance of caution, and is intended to preserve the rights of AGMG, AMA, and any individual directors and officers who may become the subject of claims arising from or related to the matters described herein. AMA's primary insurance coverage for employment-related claims of the type described above is the Employment Practices Lia

IV. Contact Information We respectfully request that all coverage correspondence relating to the matters described in this letter be directed to the following individuals: Renata Vasquez, Esq. Calderwood & Harkness LLP 777 South Flower Street, Suite 4200 Los Angeles, California 90017 Telephone: (213) 555-7200 Email: rvasquez@calderwoodharkness.com Gregory Tanaka Vice President, Legal & Compliance Aurelius Media Ameri

V. Reservation of Rights AGMG and AMA expressly reserve all rights under the Policy, including but not limited to all rights to seek defense, indemnity, and advancement of defense costs in the event that claims are asserted against individual directors or officers of AGMG or AMA in connection with the matters described in this letter. This reservation extends to all rights under any and all coverage provisions, endor

1. Complaint — Fuentes v. Aurelius Media Americas Inc., LASC Case No. 22STCV38214 (filed November 1, 2022)

2. PAGA Notice to California Labor and Workforce Development Agency (dated September 15, 2022) cc: (via email) Gregory Tanaka, Vice President, Legal & Compliance, Aurelius Media Americas Inc. Philippa Cartwright, General Counsel, Aurelius Global Media Group PLC Samuel Okonkwo, Managing Director, Kestrel Risk Advisors Ltd. Bernard Crawford, Calderwood & Harkness LLP