Re: Early Redemption of Certain Class B UnitsEarly Redemption Agreement • May 4th, 2021 • Warner Music Group Corp. • Services-amusement & recreation services
As previously discussed with you, Warner Music Group Corp. (the “Company”) is coordinating with WMG Management Holdings, LLC (“Management LLC”) to redeem 535,000 of your vested Class B Units prior to the date on which they would otherwise become eligible for redemption under the LTIP (the “Early Redemption”). This letter agreement amends the LTIP (as defined below) and notifies you of this redemption, which is conditioned upon your consent to these amendments. You, the Company and Management LLC hereby agree:
