MSG RELIEF FUND C/O MADISON SQUARE GARDEN ENTERTAINMENT CORP

THE CORPORATION WILL FOCUS ITS INITIAL EFFORTS ON PROVIDING RELIEF TO VICTIMS OF THE COVID-19 (NOVEL CORONAVIRUS) QUALIFIED DISASTER LOCATED IN NEW YORK AND THE SURROUNDING AREA. THE CORPORATION PLANS TO PROVIDE RELIEF THROUGH FINANCIAL ASSISTANCE TO PERMIT VICTIMS OF THE DISASTER, WITH AN INITIAL FOCUS ON EMPLOYEES, FORMER EMPLOYEES, AND OTHERS WITH A CONNECTION TO MADISON SQUARE GARDEN IN NEW YORK, TO PAY REASONABLE AND NECESSARY PERSONAL, FAMILY, LIVING, AND FUNERAL EXPENSES INCURRED AS A RESULT OF THE DISASTER. FURTHER, IN LIGHT OF THE SEVERE AND UNPRECEDENTED HEALTH-RELATED AND ECONOMIC IMPACTS OF COVID-19, THE CORPORATION MAY ALSO PROVIDE OTHER FORMS OF ASSISTANCE TO RELIEVE THOSE SUFFERING AS A RESULT OF THE DISASTER AND TO PREVENT SIGNIFICANT COMMUNITY DETERIORATION, INCLUDING BUT NOT LIMITED TO PAYMENT OF HEALTHCARE-RELATED EXPENSES FOR INDIVIDUALS AND FAMILIES AFFLICTED BY COVID-19 AND SUPPORT FOR COMMUNITY BUSINESSES SEVERELY IMPACTED BY ITS EXTRAORDINARILY HARMFUL ECONOMIC EFFECTS. IN ADDITION TO ITS INITIAL WORK TO SUPPORT VICTIMS OF COVID-19, IN THE FUTURE THE CORPORATION PLANS TO RAISE AND DEPLOY ITS FUNDS TO PROVIDE RELIEF TO VICTIMS OF OTHER DISASTERS, SUCH AS HURRICANES, FLOODS, EARTHQUAKES, PANDEMICS, AND OTHERS. THE CORPORATION PLANS TO FUNDRAISE BROADLY TO SUPPORT ITS RELIEF EFFORTS, INCLUDING FROM INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND OTHERS, AND WILL COMPLY WITH ALL APPLICABLE LAWS AND REGULATIONS IN CONDUCTING SUCH FUNDRAISING.