# EDGAR Filing Document

**Accession Number:** 0001859639
**File Stem:** 0001104659-23-037120
**Filing Date:** 2023-3
**Character Count:** 82572
**Document Hash:** ca9c2c2846a02b172f56547f98938dc8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-037120.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001104659-23-037120

**CONFORMED SUBMISSION TYPE**: SC 13D

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**GROUP MEMBERS**: ANTHONY DAVIS

**GROUP MEMBERS**: INHERENT CREDIT OPPORTUNITIES GP, LP

**GROUP MEMBERS**: INHERENT ESG OPP GP, LLC

**GROUP MEMBERS**: INHERENT ESG OPPORTUNITY GP, LLC

**GROUP MEMBERS**: INHERENT ESG OPPORTUNITY MASTER, LP

**GROUP MEMBERS**: INHERENT GROUP GP, LLC

**GROUP MEMBERS**: INHERENT GROUP, LP

**GROUP MEMBERS**: INHERENT PRIVATE OPPORTUNITIES 2021 GP, LLC

**GROUP MEMBERS**: INHERENT PRIVATE OPPORTUNITIES 2021 GP, LP

**GROUP MEMBERS**: INHERENT PRIVATE OPPORTUNITIES 2021, LP

**GROUP MEMBERS**: NIKHIL MIRCHANDANI

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cazoo Group Ltd
- **CENTRAL INDEX KEY:** 0001859639
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92835
- **FILM NUMBER:** 23764677

**BUSINESS ADDRESS:**
- **STREET 1:** 41 CHALTON STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** NW1 1JD
- **BUSINESS PHONE:** 442039013488

**MAIL ADDRESS:**
- **STREET 1:** 41 CHALTON STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** NW1 1JD

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Capri Listco
- **DATE OF NAME CHANGE:** 20210429
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INHERENT CREDIT OPPORTUNITIES MASTER, LP
- **CENTRAL INDEX KEY:** 0001809732
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D

**BUSINESS ADDRESS:**
- **STREET 1:** C/O MAPLES CORPORATE SERVICES, LTD.
- **STREET 2:** UGLAND HOUSE, SOUTH CHURCH STREET
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-1104
- **BUSINESS PHONE:** 345-949-8066

**MAIL ADDRESS:**
- **STREET 1:** C/O MAPLES CORPORATE SERVICES, LTD.
- **STREET 2:** UGLAND HOUSE, SOUTH CHURCH STREET
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-1104

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**SCHEDULE 13D**

**Under the Securities Exchange Act of 1934<br> (Amendment No.)\***

**CAZOO GROUP LTD.**

(Name of Issuer)

Class A Ordinary Shares, par value $0.002 per share

(Title of Class of Securities)

G2007L204

(CUSIP Number)

Michael Ellis<br> Chief Operating Officer & Chief Compliance Officer

Inherent Group, LP

530 Fifth Avenue, Suite 702

New York, NY 10036

(646) 494-0202

(Name, Address and Telephone Number of Person<br> Authorized to Receive Notices and Communications)

March 17, 2023

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ◻

**Note**: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

<sup>\*</sup> The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Inherent Credit Opportunities Master, LP

2. CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (see instructions)<br>
(a) ◻ <br>
(b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
Cayman Islands

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING <br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING <br> PERSON WITH | 8. | SHARED VOTING POWER<br>55,000 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING <br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING <br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>55,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,000

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
 CERTAIN SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% <sup>1</sup>

14. TYPE OF REPORTING PERSON (see instructions) PN

<sup>1</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Inherent Credit Opportunities GP, LP

2. CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (see instructions)<br>
(a) ◻ <br>
(b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
AF

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
Delaware

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING <br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING <br> PERSON WITH | 8. | SHARED VOTING POWER<br>55,000 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING <br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING <br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>55,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 55,000

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% <sup>2</sup>

14. TYPE OF REPORTING PERSON (see instructions) PN, HC

<sup>2</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Inherent ESG Opp GP, LLC

2. CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (see instructions)<br>
(a) ◻ <br>
(b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
AF

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
Delaware

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING<br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING<br> PERSON WITH | 8. | SHARED VOTING POWER<br>370,000 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING<br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING<br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>370,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 370,000

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.0% <sup>3</sup>

14. TYPE OF REPORTING PERSON (see instructions) HC

<sup>3</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Inherent ESG Opportunity Master, LP

2. CHECK THE APPROPRIATE BOX IF A MEMBER
 OF A GROUP (see instructions)<br> (a) ◻ <br>
 (b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
Cayman Islands

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 8. | SHARED VOTING POWER<br>315,000 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>315,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 315,000

12. CHECK BOX IF
 THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.8% <sup>4</sup>

14. TYPE OF REPORTING PERSON (see instructions) PN

<sup>4</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Inherent ESG Opportunity GP, LLC

2. CHECK THE APPROPRIATE BOX IF A MEMBER
 OF A GROUP (see instructions)<br> (a) ◻ <br>
 (b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
AF

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
Delaware

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF <br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 8. | SHARED VOTING POWER<br>315,000 |
| NUMBER OF <br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF <br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>315,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 315,000

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.8% <sup>5</sup>

14. TYPE OF REPORTING PERSON (see instructions) HC

<sup>5</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Inherent Private Opportunities 2021, LP

2. CHECK THE APPROPRIATE BOX IF A MEMBER
 OF A GROUP (see instructions)<br> (a) ◻ <br>
 (b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or
 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
Delaware

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES<br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF <br> SHARES<br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 8. | SHARED VOTING POWER<br>130,000 |
| NUMBER OF <br> SHARES<br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF <br> SHARES<br> BENEFICIALLY<br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>130,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 130,000

12. CHECK BOX IF
 THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% <sup>6</sup>

14. TYPE OF REPORTING PERSON (see instructions) PN

<sup>6</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Inherent Private Opportunities 2021 GP, LP

2. CHECK THE APPROPRIATE BOX IF A MEMBER
 OF A GROUP (see instructions)<br> (a) ◻ <br>
 (b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
AF

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
Delaware

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH<br> REPORTING<br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH<br> REPORTING<br> PERSON WITH | 8. | SHARED VOTING POWER<br>130,000 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH<br> REPORTING<br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH<br> REPORTING<br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>130,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 130,000

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% <sup>7</sup>

14. TYPE OF REPORTING PERSON (see instructions) HC, PN

<sup>7</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Inherent Private Opportunities 2021 GP, LLC

2. CHECK THE APPROPRIATE BOX IF A MEMBER
 OF A GROUP (see instructions)<br> (a) ◻ <br>
 (b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
AF

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
Delaware

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 8. | SHARED VOTING POWER<br>130,000 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY <br> EACH <br> REPORTING <br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>130,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 130,000

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% <sup>8</sup>

14. TYPE OF REPORTING PERSON (see instructions) HC

<sup>8</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Inherent Group, LP

2. CHECK THE APPROPRIATE BOX IF A MEMBER
 OF A GROUP (see instructions)<br> (a) ◻ <br>
 (b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
AF

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
Delaware

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 8. | SHARED VOTING POWER<br>500,000 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>500,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 500,000

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.3% <sup>9</sup>

14. TYPE OF REPORTING PERSON (see instructions) IA

<sup>9</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Inherent Group GP, LLC

2. CHECK THE APPROPRIATE BOX IF A MEMBER
 OF A GROUP (see instructions)<br> (a) ◻ <br>
 (b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
AF

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
Delaware

---

| | | |
|:---|:---|:---|
| NUMBER OF <br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF <br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 8. | SHARED VOTING POWER<br>500,000 |
| NUMBER OF <br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF <br> SHARES <br> BENEFICIALLY<br> OWNED BY<br> EACH <br> REPORTING<br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>500,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 500,000

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.3% <sup>10</sup>

14. TYPE OF REPORTING PERSON (see instructions) HC

<sup>10</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Anthony Davis

2. CHECK THE APPROPRIATE BOX IF A MEMBER
 OF A GROUP (see instructions)<br> (a) ◻ <br>
 (b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
AF

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
United States

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY<br> EACH <br> REPORTING <br> PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY<br> EACH <br> REPORTING <br> PERSON WITH | 8. | SHARED VOTING POWER<br>500,000 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY<br> EACH <br> REPORTING <br> PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF<br> SHARES <br> BENEFICIALLY <br> OWNED BY<br> EACH <br> REPORTING <br> PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>500,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 500,000

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.3% <sup>11</sup>

14. TYPE OF REPORTING PERSON (see instructions) IN

<sup>11</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 (ENTITIES ONLY) Nikhil Mirchandani

2. CHECK THE APPROPRIATE BOX IF A MEMBER
 OF A GROUP (see instructions)<br> (a) ◻ <br>
 (b) ⌧

3. SEC USE ONLY<br>

4. SOURCE OF FUNDS (see instructions)<br>
AF

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
 PURSUANT TO ITEMS 2(d) or 2(e) ◻

6. CITIZENSHIP OR PLACE OF ORGANIZATION<br>
United States

---

| | | |
|:---|:---|:---|
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER<br>0 |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 8. | SHARED VOTING POWER<br>370,000 |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 9. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 10. | SHARED DISPOSITIVE POWER<br>370,000 |

---

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 370,000

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (see instructions) ◻

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.0% <sup>12</sup>

14. TYPE OF REPORTING PERSON (see instructions) IN

<sup>12</sup> The percentages set forth herein are calculated based on (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split, as reported in the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

CUSIP No. G2007L204 13D

**Item 1. Security and Issuer.**

This Schedule 13D relates to Class A ordinary shares, par value $0.002 (the "Ordinary Shares") of Cazoo Group Ltd., a Cayman Islands exempted company (the "Issuer"). The principal executive office of the Issuer is located at 41 Chalton Street, London, NW1 1JD, United Kingdom.

This Schedule 13D is being filed pursuant to Rule 13d-1(k)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act") on the basis that the Reporting Persons (as defined below) may be deemed to be part of a group for purposes of Section 13(d) of the Exchange Act with the parties to the Cooperation Agreement (as defined below) notwithstanding the fact that the Reporting Persons beneficially own, individually and in the aggregate, less than 5% of the Ordinary Shares.

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are members of a "group" for purposes of Section 13(d) of the Exchange Act, and the Reporting Persons expressly disclaim beneficial ownership of all Notes (as defined below), Ordinary Shares and other securities held or otherwise beneficially owned by the other parties to the Cooperation Agreement.

**Item 2. Identity and Background.**

(a) This Statement is filed by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Inherent Credit Opportunities Master, LP, a Cayman Islands exempted limited partnership (the "Credit Master Fund");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Inherent Credit Opportunities GP, LP, a Delaware limited partnership (the "Credit GP") and general partner of the Credit Master Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Inherent ESG Opportunity Master, LP, a Cayman Islands exempted limited partnership (the "ESG Master Fund");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Inherent ESG Opportunity GP, LLC, a Delaware limited liability company (the "ESG GP") and general partner of the ESG Master Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Inherent ESG Opp GP, LLC, a Delaware limited liability company ("ESG Opp GP") and general partner of each of the Credit GP and the ESG GP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Inherent Private Opportunities 2021, LP, a Delaware limited partnership ("IPO2021" and together with the Credit Master Fund and the ESG Master Fund, the "Funds");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Inherent Private Opportunities 2021 GP, LP, a Delaware limited partnership ("IPO2021 GP") and general partner of IPO2021;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Inherent Private Opportunities 2021 GP, LLC, a Delaware limited liability company ("IPO2021 GP LLC") and general partner of IPO2021 GP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Inherent Group, LP, a Delaware limited partnership ("Inherent") and investment adviser to each of the Funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Inherent Group GP, LLC, a Delaware limited liability company ("Inherent GP") and the general partner of Inherent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) Anthony Davis, a United States citizen and the chief executive officer and chief investment officer of Inherent ("Mr. Davis"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) Nikhil Mirchandani, a United States citizen and the portfolio manager of the Credit Master Fund and the ESG Master Fund ("Mr. Mirchandani" and together with the persons listed in (i) through (xi), the "Reporting Persons").

(b) The principal business address of the Credit Master Fund and the ESG Master Fund is c/o Maples Corporate Services Ltd., Ugland House, South Church Street, Grand Cayman, Cayman Islands KY1-1104. The principal business address of the Reporting Persons (other than the Credit Master Fund and the ESG Master Fund) is 530 Fifth Avenue, Suite 702, New York, NY 10036.

(c) The principal present employment or occupation of Mr. Davis is chief executive officer and chief investment officer of Inherent. The principal present employment or occupation of Mr. Mirchandani is portfolio manager of the Credit Master Fund and the ESG Master Fund.

(d) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) See Item 2(a) above for the citizenship or place of organization of each of the Reporting Persons.

**Item 3. Source and Amount of Funds or Other Consideration.**

This Schedule 13D relates to Ordinary Shares that the Reporting Persons have the right to acquire within 60 days upon conversion of the 2.00% Convertible Senior Notes due 2027 (the "Notes") held directly by the Funds. As further described below, the Reporting Persons used a total of approximately $50,000,000 to acquire the Notes (including the right to convert such Notes into Ordinary Shares in accordance with the terms of such Notes) reported in this Schedule 13D. The source of the funds used to acquire the Notes (and the Ordinary Shares into which such Notes may be converted) reported herein is the investment capital of the Funds.

On February 9, 2022, the Funds entered into a Purchase Agreement with the Issuer and the other parties thereto (the "Purchase Agreement"), pursuant to which the Credit Master Fund agreed to purchase $5,500,000 in principal amount of the Notes, the ESG Master Fund agreed to purchase $31,500,000 in principal amount of the Notes and IPO2021 agreed to purchase $13,000,000 in principal amount of the Notes. On February 16, 2022 (the "Closing Date"), the Issuer issued $630,000,000 in aggregate principal amount of the Notes (including the Notes purchased by the Funds on February 9, 2022) pursuant to an Indenture, dated February 16, 2022 (the "Indenture"), between the Issuer and U.S. Bank Trust Company, National Association, as trustee.

The Notes bear regular interest at a rate of 2.00% per year. The Notes will mature on February 16, 2027, unless earlier redeemed, repurchased or converted in accordance with the terms of the Notes. The Notes are convertible at the option of the holders at any time after November 6, 2022, and prior to the close of business on the second scheduled trading day immediately preceding February 16, 2027, into Ordinary Shares based on an initial conversion rate of 200.0000 Ordinary Shares (subject to adjustment) per $1,000 principal amount of Notes (which equates to an initial conversion price of $5.00 per Ordinary Share). As such, the Notes held by the Funds were, as of the Closing Date, convertible into an aggregate of 10,000,000 Ordinary Shares, subject to adjustment and the other terms and conditions of the Notes as set forth in the Indenture. In addition, the Issuer may force the conversion of the Notes following the third anniversary of the Closing Date (or February 16, 2025) if the trading price of the Ordinary Shares has been at least 150% of the conversion price for at least 20 trading days in any consecutive 30 trading day period (the "Trading Condition"). Holders of the Notes, including the Funds, also have the right to require the Issuer to repurchase all or some of its Notes for cash at 100% of its principal amount, plus all accrued and unpaid interest to, and including, the date of repurchase, upon the occurrence of certain corporate events, subject to certain conditions.

If the Notes have not been converted, repurchased or redeemed at or prior to maturity of the Notes, Holders of the Notes, including the Funds, will be entitled to payment of a premium at maturity of the Notes, equal to 50% of the principal amount of the Notes. The premium is payable in cash, Ordinary Shares, or a combination of cash and Ordinary Shares at the option of the Issuer. The premium will not be payable if the trailing 10 trading day volume weighted average price of the Ordinary Shares equals or exceeds $6.75 for any trading day beginning on (and excluding) the 10th trading day following the second anniversary of the Closing Date and ending on (and including) the 20th trading day following the second anniversary of the Closing Date (the "Premium Fall-Away Trigger").

The Issuer may not redeem the Notes prior to the third anniversary of the Closing Date, unless certain changes in tax law or other related events occur. The Issuer may redeem all or a portion of the Notes, at its option, beginning three years after the Closing Date, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, and excluding, the redemption date, provided that (1) the Trading Condition (as defined above) is met or (2) the aggregate principal amount of the Notes outstanding and held by persons other than the Issuer or its affiliates is less than 15% of the initial aggregate principal amount of the Notes.

In connection with the Purchase Agreement and the issuance of the Notes, on the Closing Date, the Issuer entered into a Registration Rights Agreement with the Funds and the other parties thereto (the "Registration Rights Agreement"), pursuant to which, among other things, the parties, including the Funds, were granted customary registration rights with respect to the Ordinary Shares underlying the Notes.

This summary description does not purport to be complete, and is qualified in its entirety by reference to the Purchase Agreement and the Registration Rights Agreement, copies of which are filed as exhibits to the Issuer's current report on Form 6-K filed with the U.S. Securities and Exchange Commission (the "Commission") on February 16, 2022.

On November 9, 2022, the Funds and certain other holders of Notes (collectively, the "Noteholders") entered into agreements (each, a "Letter Agreement") with the Issuer pursuant to which such Noteholders have agreed to extend their original lock-up period, which was agreed to at the time of issuance of the Notes, from November 6, 2022 to September 30, 2023. The Issuer has granted the Noteholders a right of first refusal to participate in certain financings for cash (subject to certain exceptions) by the Issuer and its subsidiaries until June 30, 2024.

The foregoing description of the Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the Form of Letter Agreement, which is filed as an exhibit to the Issuer's current report on Form 6-K filed with the Commission on November 10, 2022.

Effective February 8, 2023, every 20 Ordinary Shares were consolidated into 1 Ordinary Share (the "Reverse Stock Split"). As a result of the Reverse Stock Split, the number of Ordinary Shares issuable upon conversion of the Notes was proportionately reduced at the same ratio. Pursuant to and in accordance with the terms of the Indenture governing the Notes, effective immediately after the opening of business on February 9, 2023, the conversion rate of the Notes was reduced from 200 Ordinary Shares per $1,000 principal amount of Notes to 10 Ordinary Shares per $1,000 principal amount of Notes.

**Item 4. Purpose of Transaction.**

The information in Item 3 of this Schedule 13D is incorporated by reference into this Item 4.

The Reporting Persons acquired the Notes (and the Ordinary Shares into which such Notes may be converted) for investment purposes in the Reporting Persons' ordinary course of business.

The Reporting Persons have had discussions and may have further discussions with officers and directors of the Issuer in connection with the Reporting Persons' investment in the Issuer. The topics of these conversations have covered or may cover a range of issues, including those relating to the business of the Issuer; management; board composition and other governance matters; investor communications; operations; capital allocation; capital structure; issuances of securities; dividend policy; debt obligations; contractual obligations; financial condition, results of operations and cash flows; mergers and acquisitions strategy; strategic transactions; asset sales; overall business strategy; executive compensation; and environmental, social and governance matters related to the Issuer's business and stakeholders. The Reporting Persons have had or may have similar conversations with other securityholders of the Issuer or other interested parties, such as industry analysts, existing or potential strategic partners or competitors, investment professionals and other investors and may exchange information with any such persons or the Issuer and may negotiate and enter appropriate confidentiality or similar agreements (which may contain, among other things, standstill provisions).

The Reporting Persons intend to review their investments in the Issuer on a continuing basis. Depending upon various factors, including, without limitation, the Issuer's financial position and strategic direction, the outcome of any communications referenced above, actions taken by the board, overall market conditions, general economic and industry conditions, other investment opportunities available to the Reporting Persons, the liquidity requirements of the Reporting Persons, price levels of the Notes or the Ordinary Shares, and any contractual provisions to which the Reporting Persons may then be subject, the Reporting Persons in the future may take actions with respect to their investment position in the Issuer as they deem appropriate, including, without limitation, purchasing additional Notes, Ordinary Shares, other securities of the Issuer or other instruments that are based upon or relate to the value of any of the foregoing; selling, exchanging, converting, pledging or financing some or all of the securities reported herein, other securities of the Issuer or other instruments that are based upon or relate to the value of any of the foregoing; engaging in hedging or similar transactions with respect to Notes, Ordinary Shares, other securities of the Issuer or other instruments that are based upon or relate to the value of any of the foregoing; and taking any other action to maximize the value of the Reporting Persons' investment position in the Issuer.

On March 17, 2023, the Funds and certain other holders of Notes (collectively, the "Parties") entered into a Cooperation Agreement (the "Cooperation Agreement"). Pursuant to the Cooperation Agreement, in order to engage with the Issuer in discussions regarding a potential financing, recapitalization, asset or equity sale, reorganization, and/or restructuring transaction or series of such transactions or alternative extraordinary transactions involving the Issuer (in each case, effecting a permanent change to the existing capital structure of the Issuer) (any such transaction, a "Transaction"), each Party agreed, among other things, (i) to use commercially reasonable efforts to cooperate in good faith with each other to engage in such discussions and negotiations with the Issuer regarding a Transaction, and (ii) to not directly or indirectly sell, loan, assign, transfer, hypothecate, tender or otherwise dispose of (including by participation), in whole or in part, its right, title or interest in any Notes, or grant any proxies, deposit any of its Notes into a voting trust, or enter into a voting agreement with respect to any such Notes, each without the prior written consent of the other Parties. Each Party further agreed that it shall not support, either directly or indirectly, consent to, or otherwise vote in favor of, any Transaction that is not supported by the Parties holding a majority of the Notes held by all Parties. However, nothing in the Cooperation Agreement obligates the Reporting Persons or any other Party to consent to, or otherwise vote in favor of, any Transaction. Other holders of Notes may become Parties to the Cooperation Agreement by executing a joinder to the Cooperation Agreement in a form that is acceptable to the then existing Parties and subject, in each case, to the written consent of the Parties.

The Cooperation Agreement shall automatically terminate upon the earlier to occur of (i) June 30, 2023 and (ii) the consummation of a Transaction to which all the Parties are bound. The Cooperation Agreement may also be terminated with the written consent of the Parties holding a majority of the Notes held by all the Parties.

The foregoing description of the Cooperation Agreement does not purport to be complete and is qualified in its entirety by reference to the Cooperation Agreement, a copy of which is filed as Exhibit 99.5 to this Schedule 13D and is incorporated by reference herein.

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are members of a "group" for purposes of Section 13(d) of the Act, and the Reporting Persons expressly disclaim beneficial ownership of all Notes, Ordinary Shares or other securities held or otherwise beneficially owned by the other Parties to the Cooperation Agreement. Upon information and belief, the Parties to the Cooperation Agreement (other than the Funds) acquired Notes pursuant to the Purchase Agreement (filed as filed as exhibits to the Form 6-K) and, as of March 17, 2023, beneficially own an aggregate of $400 million principal amount of Notes.

Except as described in this Schedule 13D, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although, subject to the agreements described herein, the Reporting Persons, at any time and from time to time, may review, reconsider and change their position and/or change their purpose and/or develop such plans and may seek to influence management or the board of the Issuer with respect to the business and affairs of the Issuer and may from time to time consider pursuing or proposing such matters with advisors, the Issuer or other persons.

**Item 5. Interest in Securities of the Issuer.**

(a) and (b)

Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference.

This Schedule 13D is being filed pursuant to Rule 13d-1(k)(2) promulgated under the Exchange Act on the basis that the Reporting Persons (as defined below) may be deemed to be part of a group with the Parties to the Cooperation Agreement notwithstanding that the Reporting Persons beneficially own less than 5% of the Ordinary Shares.

The percentages reported in this Schedule 13D are calculated based upon (i) 768,917,189 Ordinary Shares outstanding as of January 17, 2023, prior to the Reverse Stock Split (as defined herein), as reported in the Issuer's current report on Form 6-K filed with the Commission on February 8, 2023, as adjusted and approximated for the Reverse Stock Split effective February 8, 2023, and (ii) 500,000 Ordinary Shares that the Reporting Persons currently have the right to acquire within 60 days upon conversion of the Notes.

Credit GP and ESG Opp GP disclaim beneficial ownership over all securities beneficially owned by the Credit Master Fund, other than for the purpose of determining obligations under the Exchange Act, and the filing of this Schedule 13D shall not be deemed an admission that Credit GP and ESG Opp GP are the beneficial owners of such securities for any other purpose.

ESG GP and ESG Opp GP disclaim beneficial ownership over all securities beneficially owned by the ESG Master Fund, other than for the purpose of determining obligations under the Exchange Act, and the filing of this Schedule 13D shall not be deemed an admission that ESG GP and ESG Opp GP are the beneficial owners of such securities for any other purpose.

IPO2021 GP and IPO2021 GP LLC disclaim beneficial ownership over all securities beneficially owned by IPO2021, other than for the purpose of determining obligations under the Exchange Act, and the filing of this Schedule 13D shall not be deemed an admission that IPO2021 GP and IPO2021 GP LLC are the beneficial owners of such securities for any other purpose.

Inherent, Inherent GP and Mr. Davis disclaim beneficial ownership over all securities beneficially owned by the Funds, other than for the purpose of determining obligations under the Exchange Act, and the filing of this Schedule 13D shall not be deemed an admission that Inherent, Inherent GP and Mr. Davis are the beneficial owners of such securities for any other purpose.

Mr. Mirchandani disclaims beneficial ownership over all securities beneficially owned by the Credit Master Fund and the ESG Master Fund, other than for the purpose of determining obligations under the Exchange Act, and the filing of this Schedule 13D shall not be deemed an admission that Mr. Mirchandani is the beneficial owner of such securities for any other purpose.

(c) Except as disclosed in this Statement, no transactions in the Ordinary Shares or the Notes were effected during the past sixty days by the Reporting Persons.

(d) Not applicable.

(e) Not applicable.

**Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.**

The responses to Items 3 and 4 are incorporated herein by reference.

*Joint Filing Agreement*

Pursuant to Rule 13d-1(k) promulgated under the Exchange Act, the Reporting Persons have entered into a Joint Filing Agreement with respect to the joint filing of this statement and any amendments hereto, a copy of which is filed as Exhibit 99.1 hereto.

**Item 7. Material to Be Filed as Exhibits.**

---

| | |
|:---|:---|
| Exhibit 99.1 | Joint Filing Agreement by and among the Reporting Persons dated March 27, 2023. |
| Exhibit 99.2 | Purchase Agreement, dated as of February 9, 2022 (incorporated herein by reference to the Purchase Agreement attached as Exhibit 99.1 of the Issuer's current report on Form 6-K filed with the Commission on February 16, 2022). |
| Exhibit 99.3 | Registration Rights Agreement, dated as of February 16, 2022 (incorporated herein by reference to the Registration Rights Agreement attached as Exhibit 99.4 of the Issuer's current report on Form 6-K filed with the Commission on February 16, 2022). |
| Exhibit 99.4 | Form of Letter Agreement (incorporated herein by reference to the Form of Letter Agreement attached as Exhibit 99.1 of the Issuer's current report on Form 6-K filed with the Commission on November 10, 2022). |
| Exhibit 99.5 | Cooperation Agreement, dated March 17, 2023. |

---

CUSIP No. G2007L204 13D

**SIGNATURE**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 27, 2023

---

| | |
|:---|:---|
| **INHERENT CREDIT OPPORTUNITIES MASTER, LP<br> By: Inherent Credit Opportunities GP, LP, its general partner<br> By: Inherent ESG Opp GP, LLC, its general partner** | **INHERENT CREDIT OPPORTUNITIES MASTER, LP<br> By: Inherent Credit Opportunities GP, LP, its general partner<br> By: Inherent ESG Opp GP, LLC, its general partner** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **Inherent Credit Opportunities GP, LP**<br> **By: Inherent ESG Opp GP, LLC, its general partner** | **Inherent Credit Opportunities GP, LP**<br> **By: Inherent ESG Opp GP, LLC, its general partner** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT ESG OPPORTUNITY MASTER, LP<br> By: Inherent ESG Opportunity GP, LLC, its general partner<br> By: Inherent ESG Opp GP, LLC, its managing member** | **INHERENT ESG OPPORTUNITY MASTER, LP<br> By: Inherent ESG Opportunity GP, LLC, its general partner<br> By: Inherent ESG Opp GP, LLC, its managing member** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT ESG OPPORTUNITY GP, LLC<br> By: Inherent ESG Opp GP, LLC, its managing member** | **INHERENT ESG OPPORTUNITY GP, LLC<br> By: Inherent ESG Opp GP, LLC, its managing member** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT ESG OPP GP, LLC** | **INHERENT ESG OPP GP, LLC** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT PRIVATE OPPORTUNITIES 2021, LP<br> By: Inherent Private Opportunities 2021 GP, LP, its general partner<br> By: Inherent Private Opportunities 2021 GP, LLC, its general partner** | **INHERENT PRIVATE OPPORTUNITIES 2021, LP<br> By: Inherent Private Opportunities 2021 GP, LP, its general partner<br> By: Inherent Private Opportunities 2021 GP, LLC, its general partner** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT PRIVATE OPPORTUNITIES 2021 GP, LP<br> By: Inherent Private Opportunities 2021 GP, LLC, its general partner** | **INHERENT PRIVATE OPPORTUNITIES 2021 GP, LP<br> By: Inherent Private Opportunities 2021 GP, LLC, its general partner** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT PRIVATE OPPORTUNITIES 2021 GP, LLC** | **INHERENT PRIVATE OPPORTUNITIES 2021 GP, LLC** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT GROUP, LP<br> By: Inherent Group GP, LLC, its general partner** | **INHERENT GROUP, LP<br> By: Inherent Group GP, LLC, its general partner** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT GROUP GP, LLC** | **INHERENT GROUP GP, LLC** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **ANTHONY DAVIS** | **ANTHONY DAVIS** |
| By: | /s/ Anthony Davis |
| **NIKHIL MIRCHANDANI** | **NIKHIL MIRCHANDANI** |
| By: | /s/ Nikhil Mirchandani |

---

CUSIP No. G2007L204 13D

**Exhibit Index**

---

| | |
|:---|:---|
| Exhibit 99.1 | Joint Filing Agreement by and among the Reporting Persons dated March 27, 2023. |
| Exhibit 99.2 | Purchase Agreement, dated as of February 9, 2022 (incorporated herein by reference to the Purchase Agreement attached as Exhibit 99.1 of the Issuer's current report on Form 6-K filed with the Commission on February 16, 2022). |
| Exhibit 99.3 | Registration Rights Agreement, dated as of February 16, 2022 (incorporated herein by reference to the Registration Rights Agreement attached as Exhibit 99.4 of the Issuer's current report on Form 6-K filed with the Commission on February 16, 2022). |
| Exhibit 99.4 | Form of Letter Agreement (incorporated herein by reference to the Form of Letter Agreement attached as Exhibit 99.1 of the Issuer's current report on Form 6-K filed with the Commission on November 10, 2022). |
| Exhibit 99.5 | Cooperation Agreement, dated March 17, 2023. |

---

## Exhibit 99.1

**EXHIBIT 99.1**

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on this Schedule 13D dated March 27, 2023 (including amendments thereto) with respect to the ordinary shares of Cazoo Group Ltd. This Joint Filing Agreement shall be filed as an Exhibit to such statement.

Dated: March 27, 2023

---

| | |
|:---|:---|
| **INHERENT CREDIT OPPORTUNITIES MASTER, LP<br> By: Inherent Credit Opportunities GP, LP, its general partner<br> By: Inherent ESG Opp GP, LLC, its general partner** | **INHERENT CREDIT OPPORTUNITIES MASTER, LP<br> By: Inherent Credit Opportunities GP, LP, its general partner<br> By: Inherent ESG Opp GP, LLC, its general partner** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **Inherent Credit Opportunities GP, LP**<br> **By: Inherent ESG Opp GP, LLC, its general partner** | **Inherent Credit Opportunities GP, LP**<br> **By: Inherent ESG Opp GP, LLC, its general partner** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT ESG OPPORTUNITY MASTER, LP<br> By: Inherent ESG Opportunity GP, LLC, its general partner<br> By: Inherent ESG Opp GP, LLC, its managing member** | **INHERENT ESG OPPORTUNITY MASTER, LP<br> By: Inherent ESG Opportunity GP, LLC, its general partner<br> By: Inherent ESG Opp GP, LLC, its managing member** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT ESG OPPORTUNITY GP, LLC<br> By: Inherent ESG Opp GP, LLC, its managing member** | **INHERENT ESG OPPORTUNITY GP, LLC<br> By: Inherent ESG Opp GP, LLC, its managing member** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT ESG OPP GP, LLC** | **INHERENT ESG OPP GP, LLC** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT PRIVATE OPPORTUNITIES 2021, LP<br> By: Inherent Private Opportunities 2021 GP, LP, its general partner<br> By: Inherent Private Opportunities 2021 GP, LLC, its general partner** | **INHERENT PRIVATE OPPORTUNITIES 2021, LP<br> By: Inherent Private Opportunities 2021 GP, LP, its general partner<br> By: Inherent Private Opportunities 2021 GP, LLC, its general partner** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT PRIVATE OPPORTUNITIES 2021 GP, LP<br> By: Inherent Private Opportunities 2021 GP, LLC, its general partner** | **INHERENT PRIVATE OPPORTUNITIES 2021 GP, LP<br> By: Inherent Private Opportunities 2021 GP, LLC, its general partner** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT PRIVATE OPPORTUNITIES 2021 GP, LLC** | **INHERENT PRIVATE OPPORTUNITIES 2021 GP, LLC** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT GROUP, LP<br> By: Inherent Group GP, LLC, its general partner** | **INHERENT GROUP, LP<br> By: Inherent Group GP, LLC, its general partner** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **INHERENT GROUP GP, LLC** | **INHERENT GROUP GP, LLC** |
| By: | /s/ Michael Ellis |
| Name: Michael Ellis | Name: Michael Ellis |
| Title: COO & CCO | Title: COO & CCO |

---

---

| | |
|:---|:---|
| **ANTHONY DAVIS** | **ANTHONY DAVIS** |
| By: | /s/ Anthony Davis |
| **NIKHIL MIRCHANDANI** | **NIKHIL MIRCHANDANI** |
| By: | /s/ Nikhil Mirchandani |

---

## Exhibit 99.5

**Exhibit** **99.5**

COOPERATION AGREEMENT

March 17, 2023

Reference is made to the Indenture dated as of February 16, 2022 (the "<u>Indenture</u>"), between Cazoo Group Ltd (the "<u>Company</u>"), as issuer, and U.S. Bank Trust Company, National Association (the "<u>Trustee</u>"), pursuant to which the Company issued $630.0 million aggregate principal amount of 2.00% Convertible Senior Notes due February 16, 2027 (the "<u>Notes</u>"). Capitalized terms used but not otherwise defined in this Cooperation Agreement (this "<u>Agreement</u>") shall have the meanings assigned to such terms in the Indenture.

The Parties (as defined below) wish to engage with the Company in discussions regarding a potential financing, recapitalization, asset or equity sale, reorganization, and/or restructuring transaction or series of such transactions or alternative extraordinary transactions involving the Company (in each case, effecting a permanent change to the existing capital structure of the Company) (any such transaction, a "<u>Transaction</u>").

In consideration of the foregoing recitals, terms and conditions set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties intending to be legally bound, agree as follows:

**<u>Item 3.</u>** <u>Cooperation</u>. For so long as this Agreement remains in effect with respect to a Party, each Party agrees to use commercially reasonable efforts to cooperate in good faith with the other Parties to engage in such discussions and negotiations with the Company regarding a Transaction that the Parties deem appropriate. In furtherance of the foregoing, the Parties anticipate retaining counsel, financial advisers and other third parties to represent the interests of the Parties and to seek reimbursement for the expenses of the foregoing, to the extent possible, from the Company. Each Party agrees that it shall not support, either directly or indirectly, consent to, or otherwise vote in favor of, any Transaction that is not supported by the Parties holding a majority of the Notes held by all Parties. Nothing herein shall obligate any Party to consent to, or otherwise vote in favor of, any Transaction.

**<u>Item 4.</u>** <u>Transfers</u>. Each Party agrees that, until the earlier of (i) such time as a Replacement Lock-Up Agreement (as defined below) is executed and binding upon and enforceable by the Parties and (ii) the date this Agreement is terminated with respect to such Party, it shall not, without the prior written consent of the other Parties, directly or indirectly sell, loan, assign, transfer, hypothecate, tender or otherwise dispose of (including by participation), in whole or in part, its right, title or interest in any Notes to any Person (including by the acceptance of an offer to repurchase, exchange or otherwise retire any of its Notes by the Company or an Affiliate thereof), or grant any proxies, deposit any of its Notes into a voting trust, or enter into a voting agreement with respect to any such Notes (any of the foregoing actions, a "<u>Transfer</u>"). This Section 2 shall not prohibit any Party from acquiring for itself or on behalf of any funds or accounts managed by it additional Notes; <u>provided</u>, <u>however</u>, any additional Notes so acquired shall automatically be subject to the terms of this Agreement. Nothing in this Section 2 shall prohibit a Party from holding Notes with a custodian in a fully paid account subject to customary liens in favor of such custodian in relation to fees and expenses associated with the maintenance of such account. Any subsequent agreement to which all Parties are bound after the date hereof that provides for substantially similar restrictions on Transfer of the Notes, and which each Party has the right to enforce against the other Parties, is referred to as a "<u>Replacement Lock-Up Agreement</u>."

**<u>Item 5.</u>** <u>Term; Termination</u>. This Agreement shall become effective as of the date hereof, <u>provided that</u> as to any Person that is not a Party to this Agreement on the date hereof, this Agreement shall become effective on the date such Person executes a joinder to this Agreement in a form that is acceptable to the then existing Parties (a "<u>Joinder</u>"), subject in each case to the written consent of the Parties. Each Person that has executed this Agreement on the date hereof or subsequently executes a Joinder is referred to as a "<u>Party</u>" and, collectively, such Persons are referred to as the "<u>Parties</u>." This Agreement and the covenants contained herein shall automatically terminate as to all Parties and shall be of no further force and effect upon the earlier to occur of (i) June 30, 2023 and (ii) the consummation of a Transaction to which all the Parties are bound. This Agreement may also be terminated with the written consent of the Parties holding a majority of the Notes held by all Parties. Upon such termination, no Party shall have any continuing liability or obligation to any other Party hereunder and each Party shall have all of the rights and remedies available to it under applicable law and/or the Indentures, and any ancillary documents or agreements thereto; <u>provided</u>, <u>however</u>, that no such termination shall relieve any Party from its obligations under Section 5 (which shall survive termination of this Agreement) or from liability for its breach or non-performance of any of its obligations hereunder prior to termination of this Agreement.

**<u>Item 6.</u>** <u>Representations and Warranties</u>. Each Party (severally and not jointly) represents and warrants to the other Parties, only as to itself and not as to any of the other Parties, that the following statements are true and correct as of the date hereof with respect to such Party (or the date such Person becomes a Party to this Agreement):

Each Party has the requisite corporate, limited liability company, limited partnership or similar power and authority to enter into this Agreement, on behalf of itself and the funds and accounts that it manages and advises, and perform all of such Party's obligations under this Agreement, and the execution, delivery and performance of this Agreement by such Party, on behalf of itself and the funds and accounts that it manages and advises, have been duly authorized by all necessary corporate, limited liability company, limited partnership or similar action on the part of such Party, and the Person executing this Agreement on behalf of such Party is duly authorized to do so on behalf of such Party and the funds and accounts that it manages and advises.

The execution, delivery and performance of this Agreement by a Party does not and shall not (i) violate any provision of law, rule or regulation applicable to it, any fund or account that it manages or advises, or the organizational documents for it or any fund or account that it manages or advises, or (ii) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any material contractual obligations (including, for the avoidance of doubt, any agreement or arrangement to which such Party is a party or by which such Party or its securities are bound with respect to the Notes or the shares issuable upon conversion of the Notes) to which it, any fund or account that it manages or advises, or under the organizational documents for it or any fund or account that it manages or advises.

This Agreement is a legally valid and binding obligation of such Party and the funds and accounts holding Notes that it manages or advises, enforceable against it and such funds and accounts in accordance with its terms.

No material consent or approval of, or any registration or filing with, any other Person, entity, or organization is required for any Party, or any fund or account that it manages or advises, to carry out the obligations contemplated by, and perform its obligations under, this Agreement.

 **<u>Item 7.</u>** <u>Disclosure</u>. The <u>existence</u> and the terms of this Agreement are confidential. No Party may disclose the terms of this Agreement, or any information that is provided to such Party in connection with a Transaction or this Agreement, to any Person other than a Party or a Party's representatives, affiliates or its or its affiliates' managers, directors, officers, members, partners, associates, or employees without prior written consent (which may be conveyed via email) of all Parties, except (a) in order to perform under or enforce this Agreement; (b) upon order of a court of competent jurisdiction to do so or other competent legal process; or (c) as required or requested by any governmental agency or regulatory authority, or as otherwise required by applicable law or regulation, in each case, in the reasonable judgment of the applicable Party, following consultation with counsel. Upon the written request of a disclosing Party (which may be conveyed via email), a receiving Party shall either return to the disclosing Party or destroy (at the option of the receiving Party) all originals and copies of any information subject to this Section 5 that was provided by the disclosing Party to the receiving Party, except to the extent such information must be retained in accordance with its internal recordkeeping procedures or to the extent required by law, regulation or professional accounting obligations, and no receiving Party shall be required to delete or destroy copies of any information maintained in its normal-course back-up media.

**<u>Item 8.</u>** <u>Reservation of Rights</u>. Except as expressly provided in this Agreement, nothing herein is intended to, or does, in any manner waive, limit, impair or restrict the ability of each Party hereto to protect and preserve its rights, remedies and interests, including without limitation, its claims against the Company. If this Agreement is terminated for any reason, the Parties reserve any and all rights. No Party shall have, by reason of this Agreement, a fiduciary relationship or duty, or duty of care, trust or confidence, in any form, in respect of any other Party, and nothing in this Agreement, expressed or implied, is intended to or shall be so construed as to impose upon any Party any obligations in respect of this Agreement except as expressly set forth herein. In particular:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) no Party "acts" or will "act for" or represent the other Parties in any capacity and will have no authority to act for, represent, or commit any other Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) no information or knowledge regarding any Party or the Company Group (as defined below) or its affairs received or produced by any Party in connection with this Agreement shall be imputed to any other Party and no Party shall be bound to distribute or share any information received or produced pursuant to this Agreement to any other Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Parties will remain free to seek any advice they consider they may require from their own professional advisers regarding their role and exposure as Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no Party shall be obliged to do anything if taking such action would, or might in its reasonable opinion, constitute a breach of any law or regulation or a breach of any fiduciary duty or duty of confidentiality which it is required to comply with or if such action would be otherwise actionable at the suit of any Person (and may do anything which in its reasonable opinion is necessary to comply with any such law, regulation or duty or to avoid any such suit); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) save as expressly stated in this Agreement, a Party, in respect of any other Party:

will not be responsible for the adequacy, accuracy and/or completeness of any information (whether oral or written) supplied by the Company and its affiliates (collectively, the "<u>Company Group</u>"), any Party or any other Person in connection with the Transaction and any associated documentation or the transactions contemplated therein;

will not be responsible for the legality, validity, effectiveness, completeness, adequacy or enforceability of the Transaction or any agreement, arrangement or document entered into, made or executed in anticipation of or in connection with the Transaction;

will not be responsible for any determination as to whether any information provided or to be provided to any Party is non-public information the use of which may be regulated or prohibited by applicable law or regulation relating to insider dealing or otherwise;

will not be responsible for verifying that any information provided to any Party (using reasonable endeavours and usual methods of transmission such as e-mail or post) has actually been received and/or considered by each Party;

shall not be bound to distribute to any Party or to any other Person any information received by it;

shall not be bound to enquire as to the absence, occurrence or continuation of any Default or Event of Default under the Indentures or the performance by the Company of its obligations under the Indentures or any other document or agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) It is understood and agreed by all Parties that at all times it has itself been, and will continue to be, solely responsible for making its own independent appraisal of, and investigation into, all risks arising in respect of the business of the Company Group or under or in connection with the Transaction, this Agreement and any associated transactions and documentation including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the financial condition, creditworthiness, condition, affairs, status and nature of the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the legality, validity, effectiveness, completeness, adequacy and enforceability of any document entered into by any Person in connection with the business or operations of the Company Group or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) whether such Party has recourse, and the nature and extent of that recourse, against the Company Group or any other Person or any of the respective assets under or in connection with this Agreement, the Transaction and/or any associated documentation, the transactions therein contemplated or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the adequacy, accuracy and/or completeness of any information provided by the Parties, the Company or any other member of the Company Group and each of their advisers or by any other Person in connection with the Transaction, and/or any associated documentation, the transactions contemplated therein or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Transaction; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) the adequacy, accuracy and/or completeness of any advice obtained by a Party in connection with the Transaction or in connection with the business and operations of the Company Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Each Party acknowledges and confirms to each Party that it has not relied on, and will not hereafter rely on, any Party in respect of any of the matters referred to in paragraph (f) above and that consequently no Party shall have any duty, obligation or liability (whether direct or indirect, in contract, tort or otherwise) or responsibility to any Party or any other Person in respect of such matters.

**<u>Item 9.</u>** <u>Sharing Joint Defense; Evidentiary Matters</u>. Each Party agrees that the communications among the Parties and any counsel retained by any Party, and work product containing such communications, shall be subject to the joint defense and common interests doctrines to the extent permitted by law recognized by the various state and federal courts of the United States and other similar doctrines of other jurisdictions and shall take such actions as are reasonably necessary to preserve such joint defense and/or common interest privileges. Nothing contained herein shall be construed as or be deemed to be evidence of an admission of any kind on the part of any Party. Pursuant to Rule 408 of the Federal Rules of Evidence, any applicable state rules of evidence and any other applicable law, foreign or domestic, this Agreement and all negotiations relating thereto shall not be admissible into evidence in any proceeding other than a proceeding to enforce the Agreement's terms or as otherwise required under applicable law.

---

| | |
|:---|:---|
| **<u>Item 10.</u>** | <u>Miscellaneous</u>. |

---

This Agreement may not be modified, amended or supplemented except in a writing signed by each of the Parties. This Agreement is intended to bind and inure to the benefit of the Parties and their respective successors, assigns, heirs, executors, administrators and representatives.

Unless expressly stated herein, this Agreement shall be solely for the benefit of the Parties (including, for the avoidance of doubt and to the extent applicable to the respective Party, any funds or accounts managed or advised by the Party that hold Notes) and no other Person or entity shall be a third-party beneficiary hereof.

It is understood and agreed by each of the Parties that money damages would not be a sufficient remedy for any breach of this Agreement by any Party, and each non-breaching Party shall be entitled to seek an injunction or injunctions (without the posting of any bond and without proof of actual damages) to prevent breaches or threatened breaches of this Agreement and/or specific performance of this Agreement.

If any provision of this Agreement, or the application of any such provision to any Person, entity or circumstance, shall be held invalid or unenforceable in whole or in part, such invalidity or unenforceability shall attach only to such provision or part thereof and the remaining part of such provision or this Agreement shall continue in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party.

This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York, without regard to any conflicts of law provision which would require the application of the law of any other jurisdiction. By its execution and delivery of this Agreement, each of the Parties hereby irrevocably and unconditionally agrees for itself that any legal action, suit or proceeding against it with respect to any matter under or arising out of or in connection with this Agreement or for recognition or enforcement of any judgment rendered in any such action, suit or proceeding, may be brought exclusively in any State court of competent jurisdiction in the State of New York, County of New York. By execution and delivery of this Agreement, each of the Parties hereto (i) irrevocably accepts and submits itself to the exclusive jurisdiction of such courts, generally and unconditionally, with respect to any such action, suit or proceeding, and waives any objection it may have to venue or the convenience of the forum and (ii) knowingly, voluntarily and intentionally waives its right to a trial by jury to the extent permitted by law in any proceeding arising out of the terms and conditions of this Agreement.

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument, and may be executed and delivered by electronic or original signature. A Portable Document Format (.pdf) copy transmitted by e- mail will be treated as an original.

[*Signature Pages Following on Next Page*]

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

VIKING GLOBAL EQUITIES MASTER LTD.,

By: Viking Global Performance LLC, its investment manager

---

| | |
|:---|:---|
| By: | /s/ Scott M. Hendler |
| Name: Scott M. Hendler | Name: Scott M. Hendler |
| Title: Authorized Signatory | Title: Authorized Signatory |
| VIKING GLOBAL EQUITIES II LP, | VIKING GLOBAL EQUITIES II LP, |
| By: Viking Global Performance LLC, its general partner | By: Viking Global Performance LLC, its general partner |
| By: | /s/ Scott M. Hendler |
| Name: Scott M. Hendler | Name: Scott M. Hendler |
| Title: Authorized Signatory | Title: Authorized Signatory |

---

Contact Information for all Parties above:

c/o Viking Global Investors LP

55 Railroad Avenue

Greenwich, CT 06830

Attention: General Counsel

with a mandatory copy to:

legalnotices@vikingglobal.com

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

FARALLON CAPITAL EUROPE LLP, for and on behalf of funds, accounts and/or entities managed or advised by it

---

| | |
|:---|:---|
| By: | /s/ Gregory Lassman |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Gregory Lassman | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Gregory Lassman |

---

Contact Information for all Parties above:

11<sup>th</sup> Floor Orion House

5 Upper St Martin's Lane

London WC2H 9EA

United Kingdom

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

INHERENT ESG OPPORTUNITY MASTER, LP

By: Inherent Group, LP, its investment manager

By: Inherent Group GP, LLC, its general partner

---

| | |
|:---|:---|
| By: | /s/ Michael Ellis |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Michael Ellis |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Managing Director |

---

INHERENT CREDIT OPPORTUNITIES MASTER, LP

By: Inherent Group, LP, its investment manager

By: Inherent Group GP, LLC, its general partner

---

| | |
|:---|:---|
| By: | /s/ Michael Ellis |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Michael Ellis |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Managing Director |

---

INHERENT PRIVATE OPPORTUNITIES 2021, LP

By: Inherent Group, LP, its investment manager

By: Inherent Group GP, LLC, its general partner

---

| | |
|:---|:---|
| By: | /s/ Michael Ellis |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Michael Ellis |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Managing Director |

---

Contact Information for all Parties above:

530 Fifth Ave., #702

New York, NY 10036