SLE · Super League Enterprise, Inc. · Insider Trading

Represents restricted stock units ("RSUs") granted to the Reporting Person in connection with their appointment to the Board of Directors of the Issuer. The RSUs will vest in full on the date of the 2026 annual meeting of the Company's stockholders.

Represents grant of restricted stock units ("RSUs"). The RSUs will vest in full on December 18, 2027, are subject to continued service, and include certain accelerated vesting conditions.

Represents grant of performance stock units ("PSU-1"). Each PSU-1 represents a contingent right to receive one share of the Issuer's common stock upon vesting.

The PSU-1's shall vest in one-eigth increments on a quarterly basis upon the occurrence of the Issuer's common stock closing price meeting or exceeding $3.00 per share for twenty consecutive trading days, are subject to continued service, and include certain accelerated vesting conditions.

Represents grant of performance stock units ("PSU-1"). Each PSU-1 represents a contingent right to receive one share of the Issuer's common stock upon vesting.

The PSU-1's shall vest in one-eigth increments on a quarterly basis upon the occurrence of the Issuer's common stock closing price meeting or exceeding $3.00 per share for twenty consecutive trading days, are subject to continued service, and include certain accelerated vesting conditions.

Represents grant of restricted stock units ("RSUs"). The RSUs will vest in one-eigth increments on a quarterly basis beginning March 18, 2026, are subject to continued service, and include certain accelerated vesting conditions.

Represents restricted stock units ("RSUs") granted to the Reporting Person in connection with their appointment to the Board of Directors of the Issuer. The RSUs will vest in full on the date of the 2026 annual meeting of the Company's stockholders.

Represents grant of performance stock units ("PSU-2"). Each PSU-2 represents a contingent right to receive one share of the Issuer's common stock upon vesting.

The PSU-2s shall vest in one-eigth increments on a quarterly basis upon the occurrence of the Issuer's common stock closing price meeting or exceeding $5.00 per share for twenty consecutive trading days, are subject to continued service, and include certain accelerated vesting conditions.

Represents grant of performance stock units ("PSU-2"). Each PSU-2 represents a contingent right to receive one share of the Issuer's common stock upon vesting.

The PSU-2s shall vest in one-eigth increments on a quarterly basis upon the occurrence of the Issuer's common stock closing price meeting or exceeding $5.00 per share for twenty consecutive trading days, are subject to continued service, and include certain accelerated vesting conditions.

Represents restricted stock units ("RSUs") granted to the Reporting Person in connection with their appointment to the Board of Directors of the Issuer. The RSUs will vest in full on the earlier of (i) the one-year anniversary of the grant date or (ii) the 2026 annual meeting of the Company's stockholders.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.85 to $0.86 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

Represents grant of RSUs. The RSUs will vest in full on the date of the Issuer's 2026 annual meeting of stockholders.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings as of December 31, 2025, with all share amounts reported herein adjusted for the Reverse Split.

Represents grant of RSUs. The RSUs will vest in full on the date of the Issuer's 2026 annual meeting of stockholders.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings as of December 31, 2025, with all share amounts reported herein adjusted for the Reverse Split.

Represents grant of RSUs. The RSUs will vest in full on the date of the Issuer's 2026 annual meeting of stockholders.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings as of December 31, 2025, with all share amounts reported herein adjusted for the Reverse Split.

Represents grant of restricted stock units ("RSUs"). The RSUs vested in full on the date of the Issuer's annual meeting of stockholders held on October 20, 2025.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings as of December 31, 2025, with all share amounts reported herein adjusted for the Reverse Split.

Represents grant of restricted stock units ("RSUs"). The RSUs vested in full on the date of the grant.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings as of December 31, 2025, with all share amounts reported herein adjusted for the Reverse Split.

Represents grant of restricted stock units ("RSUs"). The RSUs vested in full on the date of the Issuer's annual meeting of stockholders held on October 20, 2025.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings as of December 31, 2025, with all share amounts reported herein adjusted for the Reverse Split.

Represents grant of restricted stock units ("RSUs"). The RSUs vested in full on the date of the Issuer's annual meeting of stockholders held on October 20, 2025.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings as of December 31, 2025, with all share amounts reported herein adjusted for the Reverse Split.

Represents grant of RSUs. The RSUs vested in full on the date of the Issuer's annual meeting of stockholders held on October 20, 2025.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings as of December 31, 2025, with all share amounts reported herein adjusted for the Reverse Split.

Represents grant of restricted stock units ("RSUs"). The RSUs became fully vested on December 31, 2025.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings as of December 31, 2025, with all share amounts reported herein adjusted for the Reverse Split.

Represents grant of restricted stock units ("RSUs". The RSUs shall vest in monthly installments over a 24 month period beginning July 11, 2025, and will vest in full on June 11, 2027.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings and exercise prices as of December 31, 2025, with all share amounts and exercise prices adjusted for the Reverse Split, and does not reflect shares acquired or disposed subsequent to December 31, 2025.

On January 23, 2026, the Issuer effectuated a 1-for-12 reverse split ("Reverse Split") of the Issuer's common stock. This Form 5 reports holdings and exercise prices as of December 31, 2025, with all share amounts and exercise prices adjusted for the Reverse Split, and does not reflect shares acquired or disposed subsequent to December 31, 2025.

Represents grant of stock options. The stock options shall vest in monthly installments over a 24 month period beginning July 11, 2025, and will vest in full on June 11, 2027.

Represents grant of stock options. The stock options became fully vested on December 31, 2025.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.30 to $1.3857 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.339 to $1.3999 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.0799 to $1.14 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.

Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock upon vesting.

The PSUs shall vest 1/3rd upon the occurrence of each of (A) the achievement of each of a profitable fiscal quarter, on a net income basis; (B) the achievement of 85% of EBITDA target for the fiscal year ended December 31, 2024; and (C) the achievement of 85% of EBITDA target for the fiscal year ended December 31, 2025 (with such target to be approved by the board of directors). Vesting of the PSUs is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.

The stock options ("Options") shall vest 1/36th per month in arrears from the date of the grant. Vesting of the Options is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.

Represents grant of restricted stock units ("RSUs"). The RSUs will vest in three equal annual installments beginning on March 19, 2025. Vesting of the RSUs is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.

Represents grant of restricted stock units ("RSUs"). The RSUs will vest in three equal annual installments beginning on March 19, 2025. Vesting of the RSUs is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.

The stock options ("Options") shall vest 1/36th per month in arrears from the date of the grant. Vesting of the Options is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.

Represents grant of restricted stock units ("RSUs"). The RSUs will vest in three equal annual installments beginning on March 19, 2025. Vesting of the RSUs is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.

Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock upon vesting.

The PSUs shall vest 1/3rd upon the occurrence of each of (A) the achievement of each of a profitable fiscal quarter, on a net income basis; (B) the achievement of 85% of EBITDA target for the fiscal year ended December 31, 2024; and (C) the achievement of 85% of EBITDA target for the fiscal year ended December 31, 2025 (with such target to be approved by the board of directors). Vesting of the PSUs is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.

The stock options ("Options") shall vest 1/36th per month in arrears from the date of the grant. Vesting of the Options is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.

Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock upon vesting.

The PSUs shall vest 1/3rd upon the occurrence of each of (A) the achievement of each of a profitable fiscal quarter, on a net income basis; (B) the achievement of 85% of EBITDA target for the fiscal year ended December 31, 2024; and (C) the achievement of 85% of EBITDA target for the fiscal year ended December 31, 2025 (with such target to be approved by the board of directors). Vesting of the PSUs is contingent upon the Issuer receiving approval of the Issuer's 2024 Equity Incentive Plan from its stockholders at the Issuer's 2024 annual meeting of stockholders, and will be subject to cancellation in the event stockholder approval is not obtained.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.60 to $1.61 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.

Represents grant of restricted stock units ("RSUs") issued in connection with the Reporting Person's service on the Issuer's Board of Directors. The RSUs will vest in full on the date of the Issuer's 2024 annual shareholders meeting.

Represents grant of restricted stock units ("RSUs") issued in connection with the Reporting Person's service on the Issuer's Board of Directors. The RSUs will vest in full on the date of the Issuer's 2024 annual shareholders meeting.

Represents grant of restricted stock units ("RSUs") issued in connection with the Reporting Person's service on the Issuer's Board of Directors. The RSUs will vest in full on the date of the Issuer's 2024 annual shareholders meeting.

Represents grant of restricted stock units ("RSUs") issued in connection with the Reporting Person's service on the Issuer's Board of Directors. The RSUs will vest in full on the date of the Issuer's 2024 annual shareholders meeting.

Each of David Bonderman, James G. Coulter and Jon Winkelried own entities that own TPG GP A, LLC (together with Messrs. Bonderman, Coulter and Winkelried, the "Reporting Persons"), which is the managing member of TPG Group Holdings (SBS) Advisors, LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which holds 100% of the shares of Class B common stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., which is the sole member of TPG GPCo, LLC, which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Operating Group I, L.P., which is the sole member of TPG Growth GenPar III Advisors, LLC, which is the general partner of TPG Growth GenPar III, L.P., which is the general partner of TPG Media Partners III, L.P. ("TPG Media Partners III"), which directly held shares of Common Stock of Super League Gaming, Inc. (the "Issuer").

Because of the relationship between the Reporting Persons and TPG Media Partners III, the Reporting Persons may have been deemed to have beneficially owned the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of TPG Media Partners III. Each of TPG Media Partners III and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of TPG Media Partners III's or such Reporting Person's pecuniary interest therein, if any.

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.35 to $0.382, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each of David Bonderman, James G. Coulter and Jon Winkelried own entities that own TPG GP A, LLC (together with Messrs. Bonderman, Coulter and Winkelried, the "Reporting Persons"), which is the managing member of TPG Group Holdings (SBS) Advisors, LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which holds 100% of the shares of Class B common stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., which is the sole member of TPG GPCo, LLC, which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Operating Group I, L.P., which is the sole member of TPG Growth GenPar III Advisors, LLC, which is the general partner of TPG Growth GenPar III, L.P., which is the general partner of TPG Media Partners III, L.P. ("TPG Media Partners III"), which directly holds 8,461,824 shares of Common Stock of Super League Gaming, Inc. (the "Issuer").

Because of the relationship between the Reporting Persons and TPG Media Partners III, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of TPG Media Partners III. Each of TPG Media Partners III and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of TPG Media Partners III's or such Reporting Person's pecuniary interest therein, if any.

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.3609 to $0.3949, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "Commission"), upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each of David Bonderman, James G. Coulter and Jon Winkelried own entities that own TPG GP A, LLC (together with Messrs. Bonderman, Coulter and Winkelried, the "Reporting Persons"), which is the managing member of TPG Group Holdings (SBS) Advisors, LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which holds 100% of the shares of Class B common stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., which is the sole member of TPG GPCo, LLC, which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Operating Group I, L.P., which is the sole member of TPG Growth GenPar III Advisors, LLC, which is the general partner of TPG Growth GenPar III, L.P., which is the general partner of TPG Media Partners III, L.P. ("TPG Media Partners III"), which directly holds 8,461,824 shares of Common Stock of Super League Gaming, Inc. (the "Issuer").

Because of the relationship between the Reporting Persons and TPG Media Partners III, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of TPG Media Partners III. Each of TPG Media Partners III and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of TPG Media Partners III's or such Reporting Person's pecuniary interest therein, if any.

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.35 to $0.3532, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each of David Bonderman, James G. Coulter and Jon Winkelried own entities that own TPG GP A, LLC (together with Messrs. Bonderman, Coulter and Winkelried, the "Reporting Persons"), which is the managing member of TPG Group Holdings (SBS) Advisors, LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which holds 100% of the shares of Class B common stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., which is the sole member of TPG GPCo, LLC, which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Operating Group I, L.P., which is the sole member of TPG Growth GenPar III Advisors, LLC, which is the general partner of TPG Growth GenPar III, L.P., which is the general partner of TPG Media Partners III, L.P. ("TPG Media Partners III"), which directly holds 8,562,913 shares of Common Stock of Super League Gaming, Inc. (the "Issuer").

Because of the relationship between the Reporting Persons and TPG Media Partners III, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of TPG Media Partners III. Each of TPG Media Partners III and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of TPG Media Partners III's or such Reporting Person's pecuniary interest therein, if any.

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.35 to $0.3598, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "Commission"), upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each of David Bonderman, James G. Coulter and Jon Winkelried own entities that own TPG GP A, LLC (together with Messrs. Bonderman, Coulter and Winkelried, the "Reporting Persons"), which is the managing member of TPG Group Holdings (SBS) Advisors, LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which holds 100% of the shares of Class B common stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., which is the sole member of TPG GPCo, LLC, which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Operating Group I, L.P., which is the sole member of TPG Growth GenPar III Advisors, LLC, which is the general partner of TPG Growth GenPar III, L.P., which is the general partner of TPG Media Partners III, L.P. ("TPG Media Partners III"), which directly holds 8,562,913 shares of Common Stock of Super League Gaming, Inc. (the "Issuer").

Because of the relationship between the Reporting Persons and TPG Media Partners III, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of TPG Media Partners III. Each of TPG Media Partners III and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of TPG Media Partners III's or such Reporting Person's pecuniary interest therein, if any.

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.35 to $0.3596, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each of David Bonderman, James G. Coulter and Jon Winkelried own entities that own TPG GP A, LLC (together with Messrs. Bonderman, Coulter and Winkelried, the "Reporting Persons"), which is the managing member of TPG Group Holdings (SBS) Advisors, LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which holds 100% of the shares of Class B common stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., which is the sole member of TPG GPCo, LLC, which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Operating Group I, L.P., which is the sole member of TPG Growth GenPar III Advisors, LLC, which is the general partner of TPG Growth GenPar III, L.P., which is the general partner of TPG Media Partners III, L.P. ("TPG Media Partners III"), which directly holds 8,587,879 shares of Common Stock of Super League Gaming, Inc. (the "Issuer").

Because of the relationship between the Reporting Persons and TPG Media Partners III, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of TPG Media Partners III. Each of TPG Media Partners III and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of TPG Media Partners III's or such Reporting Person's pecuniary interest therein, if any.

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.35 to $0.3532, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "Commission"), upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each of David Bonderman, James G. Coulter and Jon Winkelried own entities that own TPG GP A, LLC (together with Messrs. Bonderman, Coulter and Winkelried, the "Reporting Persons"), which is the managing member of TPG Group Holdings (SBS) Advisors, LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which holds 100% of the shares of Class B common stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., which is the sole member of TPG GPCo, LLC, which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Operating Group I, L.P., which is the sole member of TPG Growth GenPar III Advisors, LLC, which is the general partner of TPG Growth GenPar III, L.P., which is the general partner of TPG Media Partners III, L.P. ("TPG Media Partners III"), which directly holds 8,587,879 shares of Common Stock of Super League Gaming, Inc. (the "Issuer").

Because of the relationship between the Reporting Persons and TPG Media Partners III, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of TPG Media Partners III. Each of TPG Media Partners III and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of TPG Media Partners III's or such Reporting Person's pecuniary interest therein, if any.

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

Each of David Bonderman, James G. Coulter and Jon Winkelried own entities that own TPG GP A, LLC (together with Messrs. Bonderman, Coulter and Winkelried, the "Reporting Persons"), which is the managing member of TPG Group Holdings (SBS) Advisors, LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which holds 100% of the shares of Class B common stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., which is the sole member of TPG GPCo, LLC, which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Operating Group I, L.P., which is the sole member of TPG Growth GenPar III Advisors, LLC, which is the general partner of TPG Growth GenPar III, L.P., which is the general partner of TPG Media Partners III, L.P. ("TPG Media Partners III"), which directly holds 8,605,998 shares of Common Stock of Super League Gaming, Inc. (the "Issuer").

Because of the relationship between the Reporting Persons and TPG Media Partners III, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of TPG Media Partners III. Each of TPG Media Partners III and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of TPG Media Partners III's or such Reporting Person's pecuniary interest therein, if any.

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

Each of David Bonderman, James G. Coulter and Jon Winkelried own entities that own TPG GP A, LLC (together with Messrs. Bonderman, Coulter and Winkelried, the "Reporting Persons"), which is the managing member of TPG Group Holdings (SBS) Advisors, LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which holds 100% of the shares of Class B common stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., which is the sole member of TPG GPCo, LLC, which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Operating Group I, L.P., which is the sole member of TPG Growth GenPar III Advisors, LLC, which is the general partner of TPG Growth GenPar III, L.P., which is the general partner of TPG Media Partners III, L.P. ("TPG Media Partners III"), which directly holds 8,605,998 shares of Common Stock of Super League Gaming, Inc. (the "Issuer").

Because of the relationship between the Reporting Persons and TPG Media Partners III, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of TPG Media Partners III. Each of TPG Media Partners III and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of TPG Media Partners III's or such Reporting Person's pecuniary interest therein, if any.

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.35 to $0.3677, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Each of David Bonderman, James G. Coulter and Jon Winkelried own entities that own TPG GP A, LLC (together with Messrs. Bonderman, Coulter and Winkelried, the "Reporting Persons"), which is the managing member of TPG Group Holdings (SBS) Advisors, LLC, which is the general partner of TPG Group Holdings (SBS), L.P., which holds 100% of the shares of Class B common stock (which represents a majority of the combined voting power of the common stock) of TPG Inc., which is the sole member of TPG GPCo, LLC, which is the sole member of TPG Holdings I-A, LLC, which is the general partner of TPG Operating Group I, L.P., which is the sole member of TPG Growth GenPar III Advisors, LLC, which is the general partner of TPG Growth GenPar III, L.P., which is the general partner of TPG Media Partners III, L.P. ("TPG Media Partners III"), which directly holds 8,606,923 shares of Common Stock of Super League Gaming, Inc. (the "Issuer").

Because of the relationship between the Reporting Persons and TPG Media Partners III, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of the greater of their respective direct or indirect pecuniary interests in the profits or capital accounts of TPG Media Partners III. Each of TPG Media Partners III and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of TPG Media Partners III's or such Reporting Person's pecuniary interest therein, if any.

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.