GETAROUND, INC.
INDEMNIFICATION AGREEMENT
This Indemnification Agreement (this “Agreement”) is made as of February 27, 2024 by and between Getaround, Inc., a Delaware corporation (the “Company”), and Eduardo Iniguez (“Indemnitee”).
RECITALS
The Company and Indemnitee recognize the increasing difficulty in obtaining liability insurance for directors, officers and key employees, the significant increases in the cost of such insurance and the general reductions in the coverage of such insurance. The Company and Indemnitee further recognize the substantial increase in corporate litigation in general, subjecting directors, officers and key employees to expensive litigation risks at the same time as the availability and coverage of liability insurance has been severely limited. Indemnitee does not regard the current protection available as adequate under the present circumstances, and Indemnitee may not be willing to continue to serve in Indemnitee’s current capacity with the Company without additional protection. The Company desires to attract and retain the services of highly qualified individuals, such as Indemnitee, and to indemnify its directors, officers and key employees so as to provide them with the maximum protection permitted by law.
AGREEMENT
In consideration of the mutual promises made in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Indemnitee hereby agree as follows:
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The parties have executed this Indemnification Agreement as of the date first set forth above.
THE COMPANY:
GETAROUND, INC.
By: /s/ SPENCER JACKSON
Name: Spencer Jackson
Title: General Counsel & Secretary
Address:
55 Green Street
San Francisco, CA 94111
AGREED TO AND ACCEPTED:
INDEMNITEE:
EDUARDO INIGUEZ
/s/ EDUARDO INIGUEZ
(Signature)
SIGNATURE PAGE TO GETAROUND, INC. INDEMNIFICATION AGREEMENT