Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) ("Allied" or the "Company") and Knighted Pastures LLC ("Knighted Pastures") today announced that they have reached a comprehensive and mutually agreed resolution of all outstanding matters between the parties, bringing full closure to prior legal proceedings. In connection with the resolution, the parties have executed a term sheet setting forth the overall framework of the resolution.

The resolution includes a mutually agreed-upon framework addressing the recent Delaware court award of attorneys' fees to Knighted and reflects a constructive outcome that both parties believe is in each of their best long-term interests.

Both Allied and Knighted Pastures emphasized that the resolution establishes clarity, removes uncertainty, and enables a forward-looking alignment focused on value creation.

As part of the resolution, Allied states that it has no basis to question the integrity or business practices of Knighted Pastures or Mr. Choi. Both parties look forward to moving forward independently, focused on their respective strategic priorities.